Rate decision. Apple also in focus as wall street reacts to its launch event, including a new iphone lineup. Meantime, china insists it has not issued a ban on the companys flagship product. Were going to get into all things a. I. With tech ceos meeting with lawmakers on capitol hill to what Salesforces Marc Benioff told jim about that technology. Lets begin with cpi. Obviously, core, bit of a disappointment to the bulls, jim. Gasoline is more than half of the headline, up 10. Car insurance, up 2. 5, but lodging away from home down 3. I was listening to Steve Liesman break it down, and i agree with what steve was saying, its just empirical. Theres nothing that says that gas and oil and have necessarily trickled into the rest of the combination. We do know ive been talking with major insurers who are using, believe it or not, Artificial Intelligence to actually get prices to where they are lower, and i wonder whether that wont filter in as part of a larger conversation about trying to g
Chinas Foreign Ministry addressing the recent headlines about restricting foreign branded mobile devices. In a regular briefing she said, quote, we notice thereve been many media reports about concerns over the apple phones. She said they have not issues laws and regulations to ban the purchase of apple or foreign branded phones, but purchases are what people are focusing on. They have restricted the use of iphones in government offices and plan to expand restrictions to state owned companies. That comes a day after apple unveiled its latest iphone models. Were going to have a lot more on that in a couple of minutes. The difference between use and purchase is a big difference. If you cant use it. Yeah. I think this is why they call it news. New overnight the European Commission has launched an investigation into subsidies given to electric vehicle makers in china, right . Thats sort of what we do. The president of the ecb announced it at her annual address at the universal parliament.
all-time highs for the dow and s&p within striking distance. but we have a tale of two tech movers. twitter shares are soaring on strong user numbers. peloton plummeting. no sleep as casper is set to make its debut here, pricing at the low endi, far from unicorn status. the february rally rolls on. the dow is on track to open at an all-time intraday high. china says it will cut tariffs on $75 billion on u.s. products in half, follows a similar move by the u.s. following the recent phase one signing. however, also being seen as a move to boost confidence amid the outbreak of the coronavirus and resulting economic impact. mnuchin is on tape saying the u.s. is probably not going to see 3% this year largely because of boeing, so a couple headwinds. yeah. look, these remarkable days i think have largely been china-related in a positive way. china seems to come in every day and do something china cutting v.a.t. the other day, injecting $75 billion, before that china injecti
let s look at what is happening trillion dollars in revenue and in the treasury market value growth opportunities going forward. the ring tone on my phone is we have seen the yields under elon musk saying boring bone pressure because of the coronavirus and what that means. headed questions are not cool the 10-year yield picking up a from the conference call several quarters ago when he was under a little bit we ll talk a little about lot of duress. it s called those times of his earnings shares of google parent slowing growth in ad business giving investors reasons to sell. breaking outnumbers for youtube and cloud businesses for the first time ads generating $15.5 billion and more than troubles $4.7 billion in the fourth i said i wasn t sure to be able quarter alone. to do it but i had great we ll dig into that this hour. confidence i could do it so i did it. let me ask you a question, those revenue numbers. have you ever doubted in the story along the way since you ha
the ten-year getting close to 1.6. and oil is increasing after a bear market on monday. stocks are set to open sharply higher as virus fears abate. china set to take additional steps to stabilize the economy. plus tesla shares skyrocketing jumping another 15% in morning. they re up more than 100% this year, buff course the question, is this meteor going to come back down to earth oo and the winner in iowa, democratic candidates remain in the dark about the timing of the iowa caucus results. we ll start with the markets as stocks set to extend yesterday s rally in a big way despite the concerns about the coronavirus. dow s on track to erase its year-to-date opens. w.h.o. says there s no evidence of mutation and you need close contact to contract the virus. i think this is unprecedented. china s injected i mean, this is just utmost fierce intervention i ve come across. but i think yesterday the cdc had a press conference. and it was a very good press conference. it was,