Attorney general Jeff Sessions says doj officials believe they can ban rapidfire bump stock devices without action from congress. That comes after President Trump ordered the Justice Department to work towards banning those devices, which allows semiautomatic rifles to mimic machine guns. Puerto rico says delays by the Treasury Department in getting Disaster Relief to the island has put the u. S. Territory in a dangerous financial dilemma. The islands governor says the treasury imposed restrictions that made it difficult to access funding. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti. This is bloomberg, and Bloomberg Technology is next. Emily im emily chang and this is Bloomberg Technology. Coming up, amazon arrives at your front door after a 1 billion deal to buy a smart home tech company ring. How this plays into the ecommerce giants larger delivery strategy. Plus, comcast reaches for sky and raises the st
Treasury imposed restrictions that made it difficult to access funding. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. Im Alisa Parenti. This is bloomberg, and Bloomberg Technology is next. Emily im emily chang and this is Bloomberg Technology. Coming up, amazon arrives at your front door after a 1 billion deal to buy a smart home tech company. The ecommerce giants larger delivery strategy. Widget for the sky and raising the stakes for disney and fox. The allout bidding war erupting between the three big media players. Activity for fitbit hits alltime low. Shares tank post earnings. But first to our lead. Amazon has agreed to buy a californiabased Smartphone Company that makes video cameras, doorbells, and other tech. It is valued at about 1 billion and pushes amazon further in the smart home market. J. P. Morgan chase advising on this deal. Joining us now with more details is alex. It was not long ago that ring was booted off
The pentagon says the war in afghanistan is costing u. S. Taxpayers 45 billion a year. Lawmakers grilled the Trump Administration today. Global news 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries. This is bloomberg. Emily im emily chang this is Bloomberg Technology. Afterhours trading soaring as much as 30 after smashing estimates in the fourth order. We will break down the companys first earnings victory since it went public. And the take on the gender dynamic in Silicon Valley. It might sluice of conversation with a paypal cofounder. And a move to get Workplace Culture right. Stand, thetakes the courtroom short down showdown between uber and waymo. But first, to our lead. Snap jumping in afterhours after fourthquarter earnings reports with top analyst estimates for the First Time Since the company went public almost a year ago. The earnings were buoyed by momentum in the advertising business and user growth. Snapchat fourthquarter sales jumped to
Staff john kelly said the president will be briefed today on the democratic rebuttal of the gop memo alleging bias that at the fbi and doj. Trump has the document, but has reportedly not read it. He has until friday to block the release. And an infrastructure proposal next monday, hoping to generate 1. 5 trillion in ending on spending on roads, bridges, airports, and other public works. Only 200 billion would come from the federal government. And the pentagon says the war in afghanistan is costing u. S. Taxpayers 45 billion a year. Lawmakers grilled the Trump Administration today. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Cory i am emily chang. This is bloomberg technology. Afterhours trading soaring as much as 30 after smashing estimates in the fourth order. We will break down the companys first earnings victory since it went public. And the take on the gender dynamic in Silicon Valley. My conversation
Films helping in chains, but could summer hit ticket sales . Well, i just believe it or not, i went to a movie sunday night. I saw guardians of the galaxy. Did you like it . Loved it. Did you like the first one . You know what . I dont remember it. I dont remember it. This one i remember. I saw furious 8, the fate. We have so much to talk about with bob iger, a live interview with the ceo, first on cnbc before speaking to analysts. Now you can take the graphic down. So much speculation about his president ial ambitions too, these days, much to discuss with him. Beginning, though, with Goldman Sachs, ceo Lloyd Blankfeins statements made in the last hour, and we sat down with mr. Blankfein to talk about the financial sector. This is what they talked about. Do you think the u. S. Banking sector is over at the moment . I do. I do. Look, we had a very the system had a very, very big trauma, and we legislated very quickly. There was a lot of demand for it. The issue was, you know, what shoul