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i m wilfred frost. very good morning to you from me as well. welcome back. thank you. it s been a crazy, long week. exciting day to be on closing bell with all the earnings. that s coming up later today. new music friday. we ll listen to the latest from katy perry featuring migos. probably saying that wrong. also wanted to send my congratulations and thanks to louisa bojesen after her final show on street signs. my very first day on air was with louisa. wishing her thanks, because i wouldn t be here if not for all of her support and help back in the early days. wishing you the best with what i m sure will be a fantastic future. we always appreciate the good lead-in to worldwide exchange. let s get to the markets and show you what futures are doing. it s been a strong week and strong month to mostly the action this week which is the best so far for the dow and the s&p of 2017. best week for those indices. dow futures down 23. s&p futures up 2. nasdaq futu ....
republicans to rescind a lot issued by the obama administration. gop leaders were able to roll back 14 regulations, failing just once. the u.s. oil industry recovery is facing threatening cuts to end the worldwide glut. crude prices ahead a five-month low last week. while fighting raises on in syria, russia is urging the u.s. to accept the iranian role in a plan. and iran needs. to show a compromise and flexibility. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. from washington, i am alisa parenti. this is bloomberg. emily: this is bloomberg technology. i am emily chang. all this week, bloomberg television and radio are on the ground in boston, showcasing tech giants and startups, plus breakthrough technologies in biotech and robotics. we are speaking with innovators, venture capitalists, educators across the city. caroline hyde joins us live from ge interim headquarters in boston. what have you got on ta ....
our road map begins with macy s down double digits on the earnings miss. shares of kohl s taking a hit. shares of snap also plunging more than 20% after its first public earnings report. didn t go too well. but we ll dig in on the quarter. fireworks expected on capitol hill later this morning. acting fbi director andrew mccabe will take the stand in place of james comey. but first, comps are below consensus, down 4.6 on the owned plus licensed basis. macy s says it expects the sales decline for the full year. this is nine straight quarters, jim, they have had comps in the red. yeah. i ve got to distinguish macy s from kohl s here. i thought kohl s was a decent number. kohl s got better and better and better and they have lean inventories. macy s what can i say? they don t have it. they are the ones when you try to figure out who exactly is in the crosshairs of the moment, i come back to macy s. i just feel like that the you could floor by floor. aisle by ais ....
nothing the last couple of weeks? i think the last ten days, we ve been talking about the distinction between having a longer-term portfolio and wanting and needing the exposure to technology and really not touching the technology in the longer-term portfolio. this is a short-term trading event. i think today we are bouncing. i don t think it s over for a lot of the volatility that we re seeing in the fang names we could see more, if you want to selectively buy in your longer-term portfolio, i m fine with that, and as far as getting out of amazon, longer term, i don t think that s the right thing to do. okay, difficult to get inside the head of somebody who s not sitting here to answer the questions himself or herself but weiss, what does it say when a guy who runs a tech fund at a big place like t. rowe price, who s beaten 99% of his peers over the last decade has said enough s enough on amazon and says the following when sentiment lifts, that is when we usually ta ....
is in georgia, and has become the most expensive house race in history. global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. i m alisa parenti. this is bloomberg. emily: i m emily chang and this is bloomberg technology. played hisjack ma trump card. the alibaba founder delivers on a promise made to the president to create one million jobs in the usa, starting with small businesses in detroit. plus, the inside track on the trump administration s plans to protect.insight from the founder of code of america, who was in the room alongside tech s biggest heavy weights for the first meeting of the technology council. tipping point. why they found it was time to finally reward passengers for service. first, alibaba is pulling out all the stops for u.s. business entrepreneurs. they are kicking off a two day event in detroit, michigan right now, drawing in thousands of u.s. business owners and aiming to learn how to succe ....