spending part of your monday with us. we are grateful for that. the beat with ari melber starts right now. hi, friend. i, ali. thank you so much. welcome to the beat , everyone. and i m ari melber. i m just gonna start like this. if you go back to 2015, which is a different time in american politics, there was major interest in finding some sort of alternative to the burgeoning trump maga onslaught. one conservative wrote a whole book about what he cast at the time as potentially informed conservative alternative to what he called the reprehensible donald trump. a book which advances his own profile so much that you saw an opening to run for office. and then, as you see in the images on your screen, this individual lived out the very trumpism, that reprehensible dogma, that he spent all his time documenting and fighting against which is what he wrote about. but he figured out that after doing all of that and doing the book, that trump could help him win what he, want a s
Against terrorism. The Trump Administration is proposing to open almost all u. S. Coastal waters to oil drilling, including those off of california and florida. The proposal released today by the interior department proposes 47 possible auctions of drilling rights. They are in more than 90 of the u. S. Outer continental shelf. The department of justice has issued a memo rescinding an obama era policy that helped states legalize Recreational Marijuana use. In states where marijuana is legal, attorney general Jeff Sessions has directed federal prosecutors to use their own discretion in enforcing federal law. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Bloomberg technology is next. Emily i am emily chang and this is Bloomberg Technology. Coming up, fall out from the intel chip saga, how a design flaw could impact almost every computer, smartphone, and server out there. We will tell you what you need to know.
Also iphones, macs are affected by a processor flaw and also billboard reports jimmy iovine could leave his role at apple music and a survey shows an improvement in demand for the iphone x, despite what it calls supply chain volatility. For all that lets bring in the man behind that note, steven malanovich steven, good morning, happy friday same to you i want to start with the iphone x thats the big profit and revenue driver at apple. Theres often all of this supply chain noise around iphone releases often a lot of it doesnt actually translate when we see the results. Which are we to believe, the fear, uncertainty, and doubt among the demand for the iphone x as evidenced by component orders from apple, or the demand that youre seeing for the phone itself well, at the end of the day demand drives supply, so we focus quite a bit on demand. We did this at Ubs Evidence Lab survey followup, so a couple months ago we looked at demand for the new phones we thought it was good, but more tepid
The averages passed a major number on tuesday, the nasdaq passed 7,000. On wednesday, tyesterday the do hitting 25,000 for the first time ever. This morning the dow futures are indicated up by 75 points s p futures up by 7 1 2. Nasdaq up by 30. The first trading week of the year on that time we are talking about some strong days the best threeday winning streak to start the year for the nasdaq since 2006, for the s p since 2010 of course we always talk about what happens in january often indicates what happens for the full year. Well talk all about this throughout the program today green arrows across the board. Lets look at asia the nikkei ended up by 0. 9 a gain of 208 points 23,714 hang seng up by 0. 25 . The shanghai up by 0. 2 . In europe, you will see also same story there up across the board. The biggest gainer being the dax, which is up by more than 1. 1 quick update to a security flaw that may have exposed some smartphones and pcs to hackers really did in a big way. Intel is s
Party has to end but when . Okay, of course, its going to be a pullback but is that all youve got to say after the most explosive rally in modern history. Next story, the economy, in december 148,000 new jobs created, that is not strong, big job losses in retailing, big job gains in manufacturing and construction. Big show as usual. New probe of Clinton Foundation, were donors playing to play . Varney company is about to begin. Stuart here is another big story, look at that. Much of the east coast is still under a very deep freeze. Roughly 13,000 homes out of power. Thats serious. Here is a look at the latest weather map with windchill, by the way, frigid temperatures continue across the northeast for the entire weekend, will you look at the minus signs there . Chicago, minneapolis, my thatsg story. The other big story remain it is market. I have a tweet, the latest from the president. Here it is. Dow goes from 18,500 to 25,075 for new time record. Jumped a thousand points in the last