Higher, the prime rate of women in the work force climbed to nearly 78 . Thats still, though, lags other developed nations. The department of labor estimates its costing more than 775 billion in Economic Activity each year. Well dig into what needs to change to get more women into the workforce. Plus, President Biden calling for higher corm taxes and increased incentives for some americans in last night ace state of the union. This as both the house and senate vote on spending bills this week. Whats in each of them, what it means for wall street, and the names poised to benefit from bidens agenda, all coming up. Right now, sectorwise, it is the end of the week. With regard to some of the movement we are seeing, again, i alluded to the fact we are down for most of the Major Industries here, the dow industrials just about flat. The s p 500 gets a start. Even though its a half a percent down, it did hit a record high today. 16,107 is for the nasdaq, down about 1 . The dowindustrials down
Hang seng index was weaker down 0. 8 . The shanghai was flat. European equities this morning, if you want to look and see whats happening in early trade, green arrows across the board. The ftse is flat the cac is up by a half percent. The dax is up by 0. 2 . Crude oil prices which were up once again yesterday, weve seen at least six sessions in a row of gains, up to 45. 28. Here are the big stories. Good morning Tesla Ceo Elon musk tweeting again. When asked about speculation on the release date for the model 3, musk tweeted news on sunday the model 3 is teslas highly anticipated socalled affordable model. Starts at 35,000. Musk says the production version of the model 3 will be unveiled in july, but still no official release date tlaes has taken in more than 400,000 preorders for the car. James bullard is retreating further from his formerly hawkish stance on rates. He said weak data undermined the feds plan and the central bank should take a more reactionary approach, if and when it
The housing market. Chinas new loans may have hit a record in generate. Sources say initial Government Data shows new lending with near or above the previous monthly record of 364 billion. The credit storage highlights the challenge policymakers face in reducing leverage and deflating access bubbles. Global news 24 hours a day powered by more than 2600 journalists and analysts in more than 120 countries. You are watching bloomberg. Lets get a check of the markets. Afternoon trading getting underway in hong kong and china. The hang seng index unchanged. Cory im cory johnson in for caroline hyde. Who is in for emily chang, i am still cory johnson, this is bloomberg technology. 97 Tech Companies take a stand as San Francisco becomes ground zero in president trumps travel ban. Plus, we will chat cap into Virtual Reality. A detailed look on who will be banking off of Virtual Reality. Uber is researching floating taxis. We will talk to the man who literally wrote the book on ubers flying car
Chip. We take a look at why the president ial bet on arizona is not as fresh as it may seem. But first, to the lead. The epicenter for the International Debate on Donald Trumps immigration policy is here in San Francisco. The case took on increased business importance as 120 Companies Including Tech Companies from apple, facebook, google filed a legal brief condemning it. Leaders from the tech sector were among the first and most outspoken critics on the executive order on immigration. Why . Perhaps it is because many of the companies that define tech today would not exist without immigrants . Here is a quick recap. Caroline now my colleague cory johnson caught up with the founder of joyus and former advisor to twitter. If you look at the history of some of the most famous Tech Companies we just saw it and there is a lot in terms of the data historically, but today in Silicon Valley over 58 of the highly skilled workers here are immigrants. When you step back and look at our labor pool
Chip. We take a look at why the president ial bet on arizona is not as fresh as it may seem. But first, to the lead. The epicenter for the International Debate on Donald Trumps immigration policy is here in San Francisco. The case took on increased business importance as 120 Companies Including Tech Companies from apple, facebook, google filed a legal brief condemning it. Leaders from the tech sector were among the first and most outspoken critics on the executive order on immigration. Why . Perhaps it is because many of the companies that define tech today would not exist without immigrants . Here is a quick recap. Caroline now my colleague cory johnson caught up with the founder of joyus and former advisor to twitter. If you look at the history of some of the most famous Tech Companies we just saw it and there is a lot in terms of the data historically, but today in Silicon Valley over 58 of the highly skilled workers here are immigrants. When you step back and look at our labor pool