Truly a great country in which we live. We have so many opportunities to make a difference for our families and communities in states we serve in the world in which we live. Only in the United States would it be possible for a first generation immigrant like me to appear before you as an ambassadorial nominee. My parents brought me to this country in search of safe harbor, harbor that provides freedom and opportunity, dignity and respect to. The United States offered our family a second chance. What you need to know, what americans need to know is thankfully those who answered the call to duty and less dramatic ways. Every Foreign Service officer runs the same risk and very often they serve as individuals and community, they answer the call to duty to advance the interests of the United States. I count myself lucky to be a Foreign Service officer fortunate to serve with the best america has 2 off her, the last three years. If you were not moved by the testimony of Marie Yovanovitch you
Nasdaq going back to july of 2016, and this demurrage and continuing between the dow and the nasdaq with the magnitude of the nasdaq gain much larger. You see Large Technology outperforming today. And you see the bond market 9 , a yield at two point seven basis point increase their following this mornings cpi data that was closely watched that came in hotter than estimated. We also saw retail sales to worse than estimated. Some extent,et to and we saw futures fall in the wake of that, but now stocks are turning around and rallying here. I we watch the bond market, want to point to you real yields. Technology issaid hurting american businesses and where are seeing some signs of inflation and it is on a relative basis lower, and here are real yields with germany and blue and the u. K. And yellow. We see on a relative basis some could beain in u. S. Yields attractive as well versus some of these other countries which might keep them in check. We might see a point of the line to some exten
One of the big ripple effects is utilities. Take a look at this chart behind me were seeing the death cross thats what some technicians call it when the shorter term 50day moving average of a stock or etf falls below longer term trend, the 200day average were seeing it with the excel, the spdr sector utility, xlu this does not portend bad things but something to Pay Attention to its not the only that were keeping an eye on. Were seeing some action play out in some parts of the market. Namely in the real estate stocks the vanguard reit index is sinking down to multiyear lows. As we take a look at whats happening with this, its already in correction territory, off about 10 plus the highs we saw a couple years ago well take a look at another part thats perhaps a brighter spot while all these guys are making these multiyear lows, one thats not is the consumer staple sector. This is actually just a stones throw away from alltime highs would you believe it or not, more than half of the index
Hillary clinton and previous secretary of state for poorly managed email practices and systemic weaknesses related to communications that started before her tenure as secretary of state. But her failures were singled out as more serious. An aide to donald trump says theres a call to break a weeks long impasse over an endorsement from the speaker, which trump aides believe is imminent. A jailed Ukrainian Pilot has been released and sent home from russia. She was exchanged for two russian serviceman being held by ukraine. Global news 24 hours a day powered by our 2400 journalists in more than 150 news bureaus around the world. I am mark crumpton. Bloomberg west is next. Emily im emily chang and this is bloomberg west. Microsoft has the tech giant , waved the white flag in the smartphone wars . At t makes its move on yahoo after holding back in the bidding war, they are now all in. We will tell you what the power play means for verizon. Peter thiel strikes back. How hes been secretly fund
She was exchanged for two russian serviceman being held by ukraine. Global news 24 hours a day powered by our 2400 journalists in more than 150 news bureaus around the world. I mark crumpton. Bloomberg west is next. Emily im emily chang and this is bloomberg west. Thethe tech giant wave white flag in the smartphone wars . At t makes its move on yahoo after holding back in the bidding war, they are now all in. We will tell you what it means for verizon. Peter thiel strikes back. Funding been secretly hulk hogan and multiple cases against a stalker. In the smartphone wars, the latest sign microsoft is giving up on handsets. Theyve announced 1800 job cuts and a right down close to 18 billion, all tied to its acquisition of nokia. The ceo says we are focusing our phone efforts where we have differentiations and we continue to integrate across devices across our mobile platform. Problem, microsoft could never make a dent in an industry dominated by apple. But those giants are struggling to