Im rooting for it to shut down. Weve all survived shutdowns. The challenge it is politically risky for both republicans and democrats. Of theyre in a mudslinging fight and hoping the other part has more mud on their face at end of the day. Charles deroy, forget about the market, only one year was the gdp down. I get back to the point. Why are republican so afraid of this . They seem to think they will get burned. After the last shutdown they benefited midterm elections after that. Depend who defines the terms of shutdown. He should do Oval Office Address on friday evening as we go toward the countdown. Lay out deal he is willing to sign. Have the senate vote on it one by one, let democrats on camera decide if they shut down the government and allow the government to continue in operation. Shelby is right to separate between a market story and political story. To take the last shutdown we had in 2013, the market, participants in the market tended to focus what they were already focused
Cuts. More than Million People have benefited directly. Heres the key point. Theres more to come. 2. 8trillion parked overseas. A lot of it will come back here. Business is coming through. Today the market opens well above the 26,000 level, flat to ever so slightly higher expected for the dow but no big selloff, despite the explosive runup this year. Investors are not worried about a possible government shut down. My opinion if shut down the government to protect Illegal Immigrants, theyre going to get the blame. Varney company is about to begin. Stuart President Trump tweeting about apples big move. Here it is. I promise that my policies would allow Companies Like apple to bring massive amounts of money back to the United States. Great to see apple follow through as a result of tax cuts. Huge win for American Workers and the usa. Given the details, what are they doing . Ashley theyre going to bring back 352 billion in cash and invest 350 billion over the next five years. Government bu
Is the nonmanufacturing or services portion of the economy that is by far the biggest. Economicore strong data adding to the jobs reports. That was not good news for stocks. We saw on increased in bond yields. The first one i want you to look at here is the 10 year yield, which remains unchanged after the latest numbers came out. Holding at the highest since january of 2014 and up one basis point this morning. Seeing little change holding atd market, but the selloff is indeed continuing. The downward momentum continued around the globe in the early night session and then selling continued into the u. S. Session as well. We have got groups on the move. Financials the worst performers and energy, which as a group fell 4 on friday, down 1 today as we have got negative earnings continuing. The selloff is not quite as broad as it was friday but nonetheless, pretty broad with real estate in the green. You talk about banks today, you have got to talk but wells fargo on the news and late frida
Dinner with foreign dignitaries. He says americans see what they want to see. Investigate a to tip that the Florida School shooting suspect could be plotting an attack. Killed 17 Jeff Sessions says the shooter that killed 17 people this week was a tragic consequence of the fbis failures. It failed to a knowledge on a tip to its hotline that the shooter had a desire to kill. Pentagon Watchdog Agency is raising new doubts about theress regarding 16yearold war in afghanistan. By the year 2017, the afghan an expanded its areas of control. It is too early to judge whether president s whether President Trump schools will push the government to reconcile. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. Live from bloombergs World Headquarters in new york we are 30 minutes from the close of trading. Major averages for the moment are in the grain. Is7 whatd you miss . Scarlet special Counsel Robert Muel
Facebook falls, users are spending 50 million hours a day lesson the social network and happy about it shares set to open at the record. Its a huge day for tech earnings, mike soeflft, alphabet and amazon, all on tap after the bell. Futures signal a sharply lower open obviously a whipsaw week so far. Facebook is the top story. Up in the premarket, the social network post better than expected forecasts and increase in ad sales despite the time spent by Users Falling by 50 million hours a day. Mark zuckerberg last night on the earnings call. The most important driver of our business has never been time spent by itself. Its the quality of the connection and thats why i believe this focus on meaningful social interaction is the right one. The first ever quarter on quarter dau decline in the u. S. And canada they say its not a trend. They say its not a trend i think youve got to believe. The market probably doesnt believe in them because this thing is selling at a multiple almost the market