Good monday morning, everyone. It is 8 00 a. M. Here on the east coast, 5 00 a. M. Out west. So happy to have Victor Blackwell with me this week. Glad to be here. Good weekend . Very good. We have a lot to get to. Breaking overnight, helicopters collide while fighting wildfires in california. Three People Killed including a fire chief. An investigation now underway. Plus, thousands of beyonce concertgoers forced to take shelter as severe storms swept through d. C. How much her tour spent to keep metro trains running. And simone biles is back. Blowing away the competition after a twoyear hiatus. This hour of cnn this morning starts right now. This is where we begin this morning. Donald trump just hours away from a crucial deadline in the 2020 election interference case. A federal judge has ordered him to respond to special counsel jack smiths request for a protective order by 5 00 today. Smith is trying to block trump from disclosing evidence and making Public Comments that could intimi
Spending was bipartisan. The big difference, of course is inflation, the shock to the world economy. Real wage growth was slow or stagnant for most American Workers from 2017 to 2019. Average Hourly Earnings rose 14. 8 during biden s first three years in office, but it doesnt cover the cost of the weekly inflated shop. And that perhaps is what colours people view of how the economy has been handled. 0ur panel, leslie vinjamuri, Brian Stelter and joe walsh. That is the challenge, we have set it out, lots of other things, housing, jobs, creation, wage growth, lots of areas that you can look at, but broadly speaking, his handling of the economy has been pretty good. Handling of the economy has been pretty good pretty good. Christian, such great stuff, and when pretty good. Christian, such great stuff, and when you pretty good. Christian, such great stuff, and when you look pretty good. Christian, such great stuff, and when you look at pretty good. Christian, such great stuff, and when you
Chipotle gopro. Those numbers over the next hours and bringing you them after 4 00. It just doesnt get better than that. Plus time to sell tesla maybe . A bold call from a ubs analyst downgrading that stock to sell today. The man who made that call coming up. It has been five years since the dodd frank financial reform bill signed into law. Barney frank will join us to discuss all the criticism the law has received including from members of his own party. Enjoy having barney on the show. First we start with this move in the Broader Market today. There is the dow down 214 points. Its getting hit the hardest. United technologies down more than 7 downgrading its own outlook for the year. That bad Earnings Report from ibm last night has been down 5 6 today. That is accounting more than half that decline. S p pulling back. The nasdaq down today so right now no alltime high. S p earlier was three points away from a record. Weve come about a half percentage point down away from that point. Jo
, after the session concluded, saying things will be different after january 20 ago with the another duration less than a month away, jimmy carter is the only, president to rsvp. Bill clinton and george w. Bush are putting their decision off until next year, and a Spokes Person is saying george h. W. Bush will not attend because of his age. President obama is planning a farewell address next month and chicago. The remarks are scheduled to take place january 10 and will likely include a thank you to illinois for launching his political career. Global news 24 hours a day. This is bloomberg. Caroline i am caroline hyde, this is Bloomberg Technology. Off a up, twitter caps tumultuous year with another misstep, but this time it has company. How a social media giant is struggling. Plus, the commercial space race that could be set to lift off under donald trump. How peter thiel could be the x o deep space exploration. And two tech titans sound off. First, our lead. Twitter is struggling with
And powerful people share provocative thoughts in the top interviews. Government is a probusiness government. Everything is better with growth. No one has been successful that has never admitted a failure. He has never admitted a failure. Matt that is all straight ahead on bloomberg best. Matt hello, welcome. i am matt miller. This is your weekly review of the most important Business News, analysis, and interviews from Bloomberg Television around the world. The week began with a stunning announcement as 2 Asset Management firms consolidated. Janus capital, home to bill gross, being bought by henderson group. The deal create a company with with 320 billion under management. Is this what we have come to you in investing . So much pressure that managers have to combine to make the marginal margin . Yes, we are going to see more of this. What is happening is the rise of passive investments indexing has put pressure on active managers. One thing this hopes to accomplish is to provide more s