We will bring you the latest on the showdown in the house of mouse. Im Katie Greifeld in new york, welcome to bloomberg markets. There is a lot of red on the screen behind me. You can see the s p 500 off by 1 . It does not help tesla absolutely dropping like a stone this morning which we will get to. Even worse if you look at the nasdaq 100. Your big tech benchmark off by 1. 4 . All the while you have a selloff in the bond market as well. You can see the 10 year treasury up eight basis points. We are just about at 440, the highest level of 2024. We have some breaking Employment Data in the form of jolt. Mike mckee is here to break it down. Michael if you want support for the idea the fed will be on hold longer. This is february data. The number of job openings actually rose in february according to the bls in part because the number in january was revised down so what we end up with is 8 million, 756,000 job openings in february compared with 8,748,000 in january. The initial report wa
Now on bbc news all the latest Business News live from singapore with rico and Asia Business report. Soaring to new heights cormac bitcoin is fast approaching the 10,000 mark. Heights bitcoin. And the dreams of turning ho chi minh in two as start up capital. Into. Glad you could join us Asia Business report. I am rico hizon. The queen has done it again. Even though many have warned it was a asset bubble about to burst, it soaring to new heights. It is an asset bubble. It has climbed to 8,200, and gone further to 9,700. It is now approaching 10,000 us. Keepin it is now approaching 10,000 us. Keep in mind that in 2010, one bitcoin user famously traded 10,000 bitcoin user famously traded 10,000 bitcoin for two pizzas, which was then roughly 25. If he had those in bitcoin is, he would be a millionaire by now. Earlier, i asked cedricjensen from bitspread if it would hit the milestones on. cedricjensen from bitspread if it would hit the milestones on. If you look at facebook, where pete mark
Shiller numbers up too the president s pick to head the central bank prepares to testify on capitol hill. Plus. Crypto coin with 10,000 in sight this morning. House ways and means chair kevin brady will join us live this hour as the final details get hashed out as stocks look to set new record highs the president s choice to succeed janet yellen heads to capitol hill this morning. The fed governor will appear before the Senate Banking committee and in his prepared testimony propgsed continuity if hes confirmed we must be prepared to respond decisively and with appropriate force to new and unexpected threats to our nations financial stabilit prosperity, well bring you live coverage a lot of questions whether he thinks qe should be a permanent tool what he thinks of asset prices and inflation and regulation. I think youre going to hear answers you would have heard from janet yellen. I think one of the things that is surprising here is that the pick itself is very neutral its not like whe
Missile launch there the last hour or so lets get to eamon javers at the white house to sort this out for us eamon . Reporter were expecting to hear from the president in the roosevelt room at the white house. We dont know what topic hes going to be speaking on. This is a moment where theyre allowing the press pool to come in to a previously scheduled meeting. That meeting was going to be with democratic and republican congressional leaders, but after the president tweeted about the Democratic Leaders earlier this morning and said he saw no hope for a deal with them, the democrats backed out of this meeting. The republicans are still tae attending. The white house says the invitation is still open for the democrats to come to the meeting. You can expect well see a few empty chairs in the meeting where nancy pelosi and Chuck Schumer would have been sitting. The president might address that in his remarks to the press pool which is waiting to go in as we speak. He might also talk about t
Making. Republican Senate Leaders say they have the votes now to pass their massive tax cut bill. The day was spent deal making to convince uncommitment lawmakers to support the measure. It appears enough have fallen into line to pass historic legislation that will affect virtually every household and business in america. That prospect, and the likelihood of sharply lower tax rates especially on businesses, pleased investors, and they watched as stocks mostly recovered from sharp intraday losses. Ylan mui covers the story for us tonight from capitol hill. Ylan, whats the latest . Reporter tyler, it looks like republicans have the votes to pass their tax bill through the senate 5149. The only republican holdout appears to be senator bob corker of tennessee. He said that hes disappointed, this is a very tough vote for him, but at the end of the day, he could not cast aside his fiscal concerns over how this bill might impact the national debt. Now, gop leadership has had to make several c