Movers. Here is what is new at this hour. Mingling with the titans of Silicon Valley, oracle billionaire Larry Ellison is hosting a fun raiser for President Trump on the west coast before the president heads to arizona where he will have a Campaign Rally tonight. Were live on the scene. Plus billionaires debut. Mike bloomberg getting set to make his first appearance on the debate stage as his democratic rivals get is set to attack him. The growing homeless crisis in the state of california. How one city there is addressing the problem as dozens of people are literally setting up camp in rvs along a major highway. Melissa that is a pricey spot. Hillary vaughn is live in rancho mirage, california. Blake burman at white house. Jackie deangelis on the floor of the New York Stock Exchange. Hillary, lets start with you. Reporter melissa, this is not the first time oracle founder Larry Ellison hosted a sitting president at his exclusive invite only golf club, Porcupine Creek this is the first
European union revealed its new Digital Strategy focused on protecting privacies by things like facial recognition and Artificial Intelligence overreach. Is it all really aimed at dismantling u. S. Meditech to give your Technology Companies alike up . The former trade minister romania, hes going to tell us what they believe is the eus real motive. What might be and whether he thinks is the right way to go. Plus trumps oracle fundraiser, whos got the biggest ahead of the debates tonight in nevada and charlie brexit. Lets look at the closing bell and for countdown. Breaking news, following this horrific crash on monday night during the final lap of the daytona 500, brian newman was released from Medical Center earlier today. His wife, weve got the pictures day, tweeted out this photo and his daughters at the hospital before his release. After going through all about. We are watching this very closely. We look at this to you. Even as the markets touch highs right now, investors are being
Official approval. Speaksstanleys boss exclusively to bloomberg, warning the fed against cutting rates. Ive supported the latest fed rate cut and i suspect they will do one or two more. But then it is time for a pause. Shery more from that exclusive interview with james gorman ahead. Plus in Bloomberg Technology global link, aps incremental tweaks to the iphone lineup. We will ask if that is enough to lure buyers. Thats get you a quick check of how the markets closed in the u. S. A bit of a rocky session for markets. Gains and losses but throughout the session getting a bit of a boost. The dow up three tents of 1 . The s p 500 unchanged. Media reports talk about chinese purchases of u. S. Agricultural goods. Greato have not so optimism when it came to bail trade negotiations and those concerns wait on tech stocks with the nasdaq unchanged. We have Energy Stocks higher with oil fluctuating after the National Security advisor was let go from the white house. Lets get you started with a q
the economy as a whole. the longer you keep that policy negative interest rates. the more the side effects become important. you ll have asset bubbles. the marginal medicine of having negative rates has side effects. you want to ride that wave while it s happening. one would expect rates, negative or not, to stay low. keep your eyes wide open for when there s a correction. in the medium-term, this cannot be the way that you manage a real economy. lisa: news flash, banks don t like negative rates. joining us around the table in new york is guy lebas, mark lindbloom, and sam dunlap. mark, negative rates. are they going away anytime soon? mark: probably not. however, a lot of the press we are seeing here, negative rates and what a bad thing they are, it is not as if central banks around the world and particular he ecb asked for that. their main mandate is inflation and economic growth. they are responding to that. secondly, i think there s a lot of optimism a
negative interest rates. the side effects become important. you ll have asset bubbles. the marginal medicine has side effects. you want to ride that wave while it s happening. rates, negative or not to stay low. keep your eyes wide open for when there s a correction. in the medium-term, this cannot be the way that you manage a real economy. lisa: banks don t like negative rates. joining us around the table in new york is guy lebas, mark lindbloom, and sam dunlap. mark, negative rates. are they going away anytime soon? mark: probably not. however, a lot of the press we are seeing here, negative rates and what a bad thing they are, it is not as if central banks around the world and particular the ecb asked for that. their main mandate is inflation and economic growth. they are responding to that. secondly, there s a lot of optimism around the world right now, a goldilocks situation. we have seen a bit of a change in that recently. there is room for downside ther