Useless . Congress back to work and a lot on the table tax refor, Harvey Relief and fast approaching debt ceiling. Will anything get done every building after Hurricane Harvey how much is it going to cost well ask a ceo of u. S. Concrete im Brian Sullivan power lunch begins right now welcome to power lunch, september is off to a shaky start. Stocks are at session lows, posting the biggest one day tumble since august. In the wake of the saber rattling, the dow plunging more than 200 points and oil soaring hitting the highest level in almost two weeks, gold hitting its highest level of the year as well United Technology down more than 3 , remember its a big yield deal news of the day agreed for 20 billion insmed, more than doubling, positive data on the experimental lung cancer drug. Tyler . Thank you very much good day, welcome. We are going to begin where all of the action is for us, and that is the markets. North koreas latest bomb test reverberating through the markets right now, tak
A group of industry stakeholders spoke and outlined recommendations for lawmakers. This is about two hours, 40 minutes. We will come to order. I recognize myself for five minutes. Opening statement. Todays hearing marks the health of subsidy public discussion on modernizing the Current System of the United States fda to review, approve and update. This hearing provides us in the American Public with the opportunity to better understand the fda regulatory frame work for overthecounter drugs and consider a proposal to reform the monograph system. I would like to commend all for their efforts in offering their insight to the committee. Theyve set a strong record of bipartisanship on Public Health issues such as 21st century cures, the fda reauthorization act and i hope to add to that record of success with todays hearing. Overthecounter drug products provide a wide variety of ailments. Pain relievers, eyedrops, cough drops as a firstline treatment option before going to see the dr. And ge
Zuckerberg and vanity fair. All of that ahead on bloomberg west. Host as gearing up to big event tomorrow and unveil a new version or versions of the iphone. Last year we saw the most significant redesign of the iphone since it came out in 2007, but were not asked that thing another major redesign this time. More like a minor upgrade. What exactly will we see . Director forrogram the Mobile Division and a senior wireless tech analyst. Thank you all for joining us. Everyone is so excited about tomorrow, even though it will be a minor of rate. Adam, i will start with you. What do we know about the new features of the phone . Adam it will look like the ones that are out there now. Part of the a pump cycle where apple focuses more on the software. You will get a better camera and processor and some other new features, but like you said, is not as big as an upgrade as last year when there was anticipation for the bigger screens. We saw a hugear upgrade cycle, 74. 5 million iphones shipped.
Welcome to Market Makers. I seem to have misplaced Stephanie Ruhle. Im terrified all by myself. Im going to kick it off with the top business stories of the morning. Sears is getting smaller and so are its losses. The retailer cut its losses by more than half in the fourth quarter. It has now lost money 11 quarters in a row. Eddie lampert has been shrinking the store base and separating units to generate cash. They want to form a Real Estate Investment trust to leaseback the stores. Firsttime jobless claims rose by the most in more than a year last week. It was well above the estimate. Inflation at the consumer level took a dive last month. Prices fell zero point 7 , probably due to Falling Energy prices. The cpi actually rose. The fcc is headed toward a landmark vote on regulating the internet. Regulators expect to adopt rules on Net Neutrality that would bar broadband providers from charging websites to deliver content more quickly. Large mobile phone carriers say the regulations wou
United states. A quick followup on africa. Ways and means has pointed out that there could be a problem between the u. S. And africa u. S. And the event e. U. If the u. S. Begins to get preferences in the african market. You chose a different path. Two quick questions. One, will you have some flexibility so you dont harm u. S. Exports and, two, have you given any thought to a common origin rule perhaps being part of epa where excuse me being part of ttip where the u. S. Recking nices african inputs the recognizes african inputs the same as export to the u. S. And vice versa so this wouldnt promote african participation in the Global Supply chain. And the third very quick is on g. I. S some are concerned youre use r using the lisbon agreement to make some progress. Perhaps that should be better left for the negotiation of the ttip in terms of this very controversial issue of geographical indications. Thank you very much. Thank you. That was a lot of questions. On tpa we are, of course,