60 points after the dow closed at a record level yesterday. The s p closed lower yesterday all the major averages moved off the highs of the session this morning the s p is indicated up by 5 points the nasdaq up by 10. This came after the feds decision and after if looked clear that Republican Leaders reached an agreement, at least in principle, on where theyre headed with the tax bill well talk more about that green arrows across the board this morning in asia, the nikkei looked like it was down by a quarter percentage point similar declines for the hang seng and shanghai. This morning in europe, with some of the early trading, you will see that there are some declines across the board. The biggest loser is the dax down by a half percentage point. Cac in france is down by 0. 4 . We have the bank of england and the ecb going to be releasing some policy statements today check out crude oil prices which were lower yesterday crude oil at 56. 59 couple of big economic reports on the agenda
Correspondent daniel new howser and congressional reporter pitterson, later anthony from the center for strategic and International Talk about the Foreign Policy challenges that are facing in 2018. Social media. But voters, wed, should make it a priority that basic knowledge pertaining to our government. Amy says it helps. I have learned so much from the social media. I can adjust my opinion to include new facts. Ive change my mind is some because of conversations with people online. One more from saul. A lot of people do not care about the research, it hurts, they end up spreading false information. That is a sampling of the discussion on our facebook page. Here is a poll. Different wording, but same idea, this is from surveymonkey from october, asked whether social media does more to help, promote democracy and free speech or does more to hurt it. 51 surveyed in the late october poll said it did more to her democracy, 45 said it did more to help. Large majorities among hispanics and
The second session of the Congress Officially begins tomorrow. For roundtable discussion on the agenda ahead, we are joined by the staff correspondent with the National Journal. Us asina peterson is with well from the wall street journal. Wall street journal. Be agenda is likely to shaped by what happens over the weekend when Mitch Mcconnell, paul ryan joined the president at camp david for a retreat. What do you know about the topic, the tomorrow. It seems like senator Mitch Mcconnell is trying to convey the realities. His majority has slimmed from 52 to 51 and that will change. They can barely get the tax bill done. They failed on the obamacare repeal. As he told reporters, that changes a lot and when it comes to entitlement reforms, whatever they might be, that is really hard to get any democrats on board. I would expect him to try to convey that. Paul ryan has been a big think leader. For him, you know, he may try, as he said he will, to the these, but he is facing some hurdles in
Staff correspondent with the National Journal. Kristina peterson is with us from the wall street journal. Be agenda is likely to shaped by what happens over the weekend when Mitch Mcconnell, paul ryan joined the president at camp david for a retreat. What do you know about the topic, the agenda, there and what each of those men bring into that meeting with the president . Guest House Speaker paul ryan has indicated he is interested in doing some kind of overhaul of welfare programs. Stamps or be food housing assistance. Senate Majority Leader Mitch Mcconnell has shown he is not that interested in doing a Major Overhaul of entitlement programs. He has talked about not wanting to do some thing to medicare and medicaid right now. If therest sure some narrow sliver that those two leaders might agree to work on. Of course, the president will in this he has told House Republicans he is interested in some changes to welfare programs, but it is a midterm year, and im not sure there is a huge a
Friday. Paul manafort and his longtime business associate rick gates will remain on house arrest, at least through the weekend. A trip kicks off on judge declined a request from manaforts lawyer to remove gps monitoring. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Im emily chang. This is Bloomberg Technology. Apple beats estimates for the fourth quarter, just as the most advanced iphone ever begins selling in Stores Worldwide. Details of my conversation with tim cook as the clock winds down to the official start of the iphone x era. Alibaba shatters Second Quarter forecasts on its earnings day and plans to go full steam ahead the rest of the year. How chinas ecommerce kings expansion into new businesses helped nearly double revenue. My wideranging conversation with former twitter ceo dick costolo. His take on holding big tex accountable for the big tech accountable for fake news on their platforms. First