Platform outside johannesburg. It was the second train crash in the area within a week. Last weeks accident killed at and injured over 260. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. Shery im shery ahn. Vonnie and im vonnie quinn. Welcome to Bloomberg Markets. And injured over 260. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. Shery here the top stories on the bloomberg and around the world. Debate. Immigration taking center stage as President Trump meeting with a group of 20 lawmakers today. House Speaker Paul Ryan singh republicans want to solve the issue. We head to washington for the latest. Ethics whirlwind. Fx whirlwind. The pboc scrapping the countercyclical factor for the yuan. After shelving his hedge fund plan bitcoin champions mapping out a new opportunity. More on the bloomberg scoop later this hour. Vonnie breaking news on mi
John fortt is live in las vegas at this years Consumer Electronics show so much news coming from ces today, bringing us to faang stocks joining us this morning to talk about it, btigs managing director, andy hargreaves, Senior Research analyst. Good morning to you both on ces, so many of these names are presenting this week, are having workshops for developers, and unveiling ostensibly technologies that are going to drive earnings higher. How much of a catalyst is ces this week . Theres always something that becomes the theme of the show, but it doesnt always necessarily translate into a lot of revenue and Earnings Growth we talked about Artificial Intelligence and the goggles that people were wearing a couple of years ago for virtual reality, excuse me, and didnt really materialize in anything that significant for these companies. So its fun to see new products and hear a lot of the teams update investors to start the year off, but i wouldnt get too overboard on it impacting 2018 or g
Driving the market for these gains. Inhave the dow up the most the three major averages. The nasdaq on pace for its best when streak since the beginning of october. Lots of optimism and one driver could be earnings. The Fourth Quarter Earnings Growth in a yearoveryear basis should come in at 11. 9 to thats the best since the First Quarter of last year but we see 2017 very strong relative to Earnings Growth. Could be one reason the s p 500 had its best year last year since 2013. Suggesting the strength we are seeing could just continue in 2018. Another driver on the day, oil. Up 2. 3 . There is optimism that supply will be tight and taking oils to level oil to levels last seen in december. E have one bearish patch take a look at express and urban outfitters. All of these companies plunging week disappointing holiday comps. Got real weakness for some of these retailers. Very interesting is the fact that the recent Holiday Season is considered to be the best in a decade. Not seeing its wi
Forecast and slashes jobs. First, to the lead. The continued fallout over the microchip security flaw all work nearly devices. This week, microsoft said fixes for the vulnerabilities may significantly slow down servers and personal computers. In a blog post on the company tuesday, suggested they could be more substantial than intel previously indicated. Microsoft is also temporarily suspending some updates to windows operating systems that use chips that are freezing or not putting up. Monday night at ces, the intel ceo tried to reassure people that there do data would be safe. That their data would be safe. The security is job number one for intel and the industry. So the primary focus of our decisions and discussions have been to keep our customers data safe. As of now, we have not received any information that these exploits have been used to obtain customer data. Emily we broke it down with ian king, who covers the chip industry. Ian to start off with, intel was very much, we are a
First, to our lead. The continued fallout over the microchip security flaw affecting nearly all of the worlds devices. This week, microsoft said fixes for the vulnerabilities may significantly slow down servers and personal computers. In a blog post on tuesday, the company suggested they could be more substantial than intel previously indicated. Microsoft is also temporarily suspending some updates to windows operating systems that use chips that are freezing or not putting up from amd as a result of the fix. Monday night at ces, the intel ceo tried to reassure people that their data would be safe. The security is job number one for intel and the industry. So the primary focus of our decisions and discussions have been to keep our customers data safe. As of now, we have not received any information that these exploits have been used to obtain customer data. Emily we broke it down with ian king, who covers the chip industry. Ian to start off with, intel was very much, we are all in this