Its official. President biden and former President Trump get the rematch theyve been looking for. Both clinching their partys nominations. The primaries in georgia, me is misstate put them over the top. Rfk junior gave a short list. Aaron rodgers the quarterback from the New York Jets on the active roster and jesse ventura. We move to this and tiktok to potentially ban that up coming up for a house vote less than an hour from now and well watch it together. Good morning, everybody. Americas americas newsroom begin now im bill hemmer live in new york. Dana im dana perino and this is americas newsroom. This is coming. Coming for a while. It is interesting there is an article in the Wall Street Journal how the company got caught unawares so they are scrambling throwing a lot of money around. This morning the house will vote on a bill to ban tiktok if china no, sir dos not agree to sell it. Bill beijings ownership of an app used by 170 million americans seen as a National Security threat.
Earnings season kicks off this week. From new york, im alix steel with guy johnson in london. I do wonder what the catalyst will be this week to be honest. Guy i dont know what this week will be about. Is it going to be about the fed and yields . We have acres of fed speak. Is it about what happens in israel . We are all anticipating that we will see some sort of a Ground Invasion of gaza. Or will it be about earnings . So much going on this week, it is hard to pin down what the catalyst could be. Alix that is why i found the apple story so interesting overnight. We have not talked about china in a while. The china risk when it comes to certain sectors. Some that we know, some that we dont. How do you price that in . Guy you wonder if the earnings season means we will have to revisit this. We did this with the lvmh earningsn noticed a clear slow down. Why there is that slowdown remains an omen open question. You bring up apple which is fascinating. Reports that the latest iphone is not
Thoughts on apple and the hot investments that he missed. Its a merger monday. Comcast and charter, theyre not merging, dont worry. But they have an announcement. Kate spade and coach, yeah, they are. Plus other deals brewing. And france has decided what the new president means for the u. S. And the global economy. First up though, Warren Buffett sharing his latest views on investing this morning. This is what the oracle had to say to becky earlier this morning on squawk about stock valuations. The most important item over time in valuation is obviously Interest Rates. I mean, if Interest Rates are destined to be at very low levels, not necessarily as low as they are now, but very low compared to the 100 year averages or 50 year averages it makes in i stream of earnings from investments worth more money. Buffett said bonds is a terrible choice relative to stocks. Take a listen to that. Anybody that prefers bonds to stocks is making a big mistake. I have been saying that year after year
Met with the head of the naacp today. Thats after sessions suggested the Justice Department would limit federal investigations of troubled police departments. The naacp say sessions policy signals a troubling decline. Decline in the countrys commitment to civil rights. Vice president mike pence used his personal email as governor. Says theana star account last year was compromised by hackers. An aide said he almost did not deal with classified information. Global news 24 hours a day. I am alisa parenti. This is bloomberg. Bloomberg technology is next. Caroline i am caroline hyde. This is Bloomberg Technology live from new york. Coming up no risk, no reward. Vc bolted to the top tier after being the first to bet on snap. We speak with the managing director. It is her job to make sure they play by the rules. Does the e. U. Have it in for apple, facebook, and google . You will hear our exclusive interview with the eu competition commissioner margrethe vestager. Autodesks first report card
It closed at 17,959 points. The s p advancing 7. 7 . Did i just say 17,949 points on the dow . Holy cow. When i got into this racket, the dow was at 800. And to think i was told wed never get to 1,000 in my lifetime back then. Were just a stones throw from 18,000. How wrong were people . How wrong are people still . Typically, when you get terrific news for the u. S. Economy, like we got this morning, when we learned that our country created 321,000 jobs just last month. 321,000 jobs . That is much more than anyone expected. You usually get a momentary burstup in the wages. We did get the burst higher, but it wasnt followed by the typical wave of buyers remorse. Instead, we just got another rotation. This time out of the high yielders and defensive stocks that lag when the fed eventually starts tightening, and into the banks and companies that once again benefit from Lower Oil Prices, because oil just cant catch a bid. Its an amazing testament to this next man up market, that we could