suppliers are preparing for big orders of the iphone 7. plus, tim cook is finishing up that big trip to india. we ll have details. catchy tune. meanwhile, bowing inking an $11 billion deal. with the arms embargo lifted we ll tell you what other defense stocks could be affected by this as the president continues his affect through vietnam. a big win for bank of america and the justice department. they ll no longer have to pay $1.3 million for a countrywide mortgage stamp. let s start with the gains for apple and its suppliers today. bertha coombs monitoring it. apple accounts for all of the gains that we ve seen on the nasdaq 100 right now. tim cook continues his charm offensive in india, the rest of asia. analysts are getting a little less bullish. the iphone 7. that has chip stocks up. among them is universal display. they make oled and goldman today is upgrading that stock from a buy to neutral sending those shares near a one-year high today. goldman thinks with som
eligibility, for federal benefits. justice alito: the only federal none, those two statutory references. gen. verrilli: as i said, that is the tale on the dog. if i can go to the merit. repeatedly, you have heard it referred to statutory observation, that is flat wrong. there is a district case and he can read the opinion in that case, which we referred to, is describing as extra statutory paid the other key point that statutory. the other key point mother theory about the scope of you can get work authorization is that either congress has to say to get work authorization. decideneed to get dhs to whether people in this category can get work authorization. forget about deferred action, there are millions of people to now,ork authorization under existing law, who could not get it if that were the proper interpretation. millions of people are in these proceedings, for cancellation of removal. hundreds of thousands of people have parole and another of those people qualify. tha
i want to begin our conversation by dispensing with the myths we re going to talk about liquidity. is there liquidity problem in the corporate bond market? from the perspective dealers, liquidity is different because there are fewer dealers. and their ability erik: you were talking about banks. steve: they have less of an for if i had 100 million charter bonds, they might have bid for half of them were all of them for five years ago. now, they are building bidding for what. they can trade property. the balance sheets are smaller. they ve shrunk the balance sheets, so what does that mean for liquidity? that there ismean more liquidity. that s what you hear. but the reality is different. if you look at the number of and buyers, there are many more and buyers today the weather was for five years ago. and they have a lot more money. if the distribution mechanism. on may not be able to get the wire, it may take an hour or three hours or a day to move 100 million in a liquid
hong kong office said the c.e.o. is missing. the company has not been able to contact the c.e.o. since last wednesday. shares have recovered slightly after the 12% plunge on monday. let s look at the markets for you. hong kong and china currently losed for lunch. we saw a broader sell off in the region today but over there singapore, tokyo, and to be looking fractionally lower we are seeing the stocks tum falling on tumbling commodity prices. back in half an hour. time now for bloomberg west. i m emily chang. this is bloomberg west. coming up, taking a page out of playbook, in talks to buy a stake in one of asia s most venerable newspapers. plus high speed internet access means no day of rest for holiday shoppers. walmart moves the start of cyber monday to sunday. and the two companies that once made up hewlett-packard set to report their first stand alone results tomorrow. we ll preview the numbers for th hp enterprise and hp inc. first to our lead. alibaba s founder in ta
happening. stocks are moving higher at this hour. it feels like investors are shaking off fears about the debt standoff between europe and greece, but folks, the action is really in oil. prices plunging again after the international energy agency warned of more sell-offs in the near term. we begin with fears in the bond market. we re talking about, yep, puerto rico, and its debt crisis sending its bonds to record lows. why does it matter to investors here? many hedge funds and big bond investors have exposure to puerto rico. kate kelly has more on the fall-out. big legal news the last few days on puerto rico which has been struggling with over $70 billion in debt as well as highend employment and other economic issues for some time now. on friday a federal judge blocked the island s efforts to restructure certain debt through a new law known as the recovery act that was passed last summer. the law was intended to help agencies like for example, the purity wroe ricco electri