Hurricane dorian continues to battle the east coast, we have update in North Carolina after storm made landfall only a few hours ago, all that and so much more on making money. Charles Federal Reserve chairman Jarome Powell speaking ongoing tensions with china, last time we will hear from fed officials before that september policy meeting, right now the betting is that they will cut at least 25 basis points. I want to go to fox business Edward Lawrence who joins us now with complete recap from the entire speech, not entire speech but recap. He also mentioned the jobs report that came out, the jobs report showing stable economic foundation, the Jobs Creation 130,000 in august, below the estimates but still very strong, white house economic adviser larry kudlow says that it doesnt matter that it fell short of job creation estimates because Labor Force Participation edged up and people are on the fringe of the labor force are coming back in. America is working, america is getting paid wel
Restarting next week thathelped things in asia. In europe, its a bit of a mixed picture. The dax up by 0. 1 you do see red arrows for both the cac and the ftse the ftse, well talk more about Boris Johnson who will become the Prime Minister there today ftse now down about 0. 8 stocks are flat in italy and in spain. If you check out the treasury yields here in the United States, you will see this morning the tenyear is yielding 2. 057 the big story of the morning, shares of Big Tech Companies like google, amazon and facebook, theyre under pressure after the u. S. Justice Department Said theyre opening a broad antitrust review of Technology Firms the review was scrutinikru desie if these companies are stifling information and harming consumers. The Justice Department does not name specific companies, but it is likely to encompass google, foos facebook this is the real first shot across the bow by william barr and the doj. You know you have the democrats, you have the republicans also afte
The special ops are in brazil. Larger military units on stand by. Global news 24 hours a day powered by more than 2,600 journalists and analysts in more than 120 countries. Im mark crumpton. This is bloomberg, bloomberg west is next. Emily im emily chang, this is bloomberg west. Coming up the nasdaq and s p 500 end the week with an flourish, both ending at an alltime high. Well break down the numbers and the historic day. Last year shattered all of the records for deals in the tech sector. How does 2016 stack up . And tesla putting a dollar figure saying the cost may exceed expectations. Well tackle the unforeseen challenges ahead. To our lead. U. S. Stocks jumped the nasdaq and s p 500 both hitting alltime highs after the government reported better than expected jobs data for the second straight month. The private and Public Sector added 255,000 new jobs in july including coveted highpaying tech jobs, wages also showing solid gains and Unemployment Holding steady at 4. 9 near an eight
Diplomats say portugals Prime Minister tops the second secret poll to be the next secretarygeneral. Unlike the first round, Antonio Gutierrez got too discouraged votes leaving the contest in play. U. S. Intelligence has assigned more than 1,000 spies to help with olympic security in rio. Nbc news reports its part of an intense effort to protect the games and american athletes. Naval and Marine Commandos from the special ops are in brazil. Larger military units on stand by. Global news 24 hours a day powered by more than 2,600 journalists and analysts in more than 120 countries. Im mark crumpton. This is bloomberg, bloomberg west is next. Emily im emily chang, this is bloomberg west. Coming up the nasdaq and s p 500 end the week with a flourish, both ending at an alltime high. Well break down the numbers and the historic day. Last year shattered all of the records for deals in the tech sector. How does 2016 stack up . And tesla putting a dollar figure saying the cost may exceed expectat
A light on the muslin commune. Taking to you East Porterville california, where the wells are dry and the relief efforts are not working and close up. The cameras are turned around on a trail blazing photo journalist. The outcome is the director up for an Academy Award. And washington today the white house began a threeday conference on what it calls combating violent extremism. The idea is to prevent westerners from using violence for groups for a political end. And from many sources. It comes after a series of attacks on westerners and groups who claim links to isil. One person, a controversial muslim preacher who supports isil and hes out on bail after facing terrorism charges in britain. We spoke with him in london. Its a duty on every muslim to support the jihad. Meet one of the most prominent socalled hate preachers in europe. He agrees to meet me in a london park. He says britain and america are enemies of islam. Where christians and jews come under an islamic law in an islamic