Joel weber. A solitary figure on the cover this week, chairman jay powell. We often try to take something complicated and simple it down. The cover is an expression of that this week. Jay powell, fed chair, probably the most important person in the world of finance. He heads the Financial Institution that is probably the most important anywhere in the world and for a year now, hes been the target of trumps twitter ire, because trump wants lower rates, lower rates, and jay powell has basically been a stoic figure through all of that. Carol we believe this is an independent organization and for the first time, we are wondering is it going to remain independent . And can they continue to fend off the executive branchs desire for lower rates . We will see what happens this next week with rate cuts. The market basically thinks there will be a rate cut. The bigger story is one we wanted to ask to dig into, which is for a year now, weve lived through the tension between trump and powell, more
Businessweeks editorinchief, joel weber. We begin with jay powell. Joel take something complicated and this still it down to its most simple form. Istill it down to its most simple form. The cover is an expression of that this week. Jay powell, fed chair, probably the most important person in the world of finance. He heads the Financial Institution that is probably the most important anywhere in the world and for a year now, hes been the target of trumps friend are ire, because trump wants lower rates, lower rates, and jay powell has basically been a stoic figure through all of that. Carol we believe this is an independent organization, and for the first time we are wondering is it going to remain independent . And can they continue to fend off the executive branchs desire for lower rates . Right . We will see what happens this next week with rate cuts. The market basically thinks there will be a rate cut. The bigger story is one we wanted to ask to dig into, which is for a year now we
His actions during the war of the 1990s. He was ejected from the when he said everything they say is a lie. He was sentenced to prison. It you are watching bloomberg technology. This is bloomberg. Im Alisa Parenti. Emily this is bloomberg technology. Our continued coverage of uber, the company concealing a massive data breach. After delete the information and keep quiet. How this can impact efforts around the world. Russian election meddling on social media. It have seen the as an face book wants to tell you which you follow. Earliestcebooks investors sell off all of his remaining shares. Why he is selling now. Racing from one disaster to the next leading to boycotts, lawsuits, criminal the ceo executive was supposed to market the beginning of a new chapter. He continues funding more horrors at every turn. News that we broken uber concealed a massive cyber attack that exposed personal data on 57 million customers and drivers globally. Blumberg is this week businessweeks matt, and we ha
The white house is disputing a claim from a democratic senator that trump Economic Advisor gary cohn fake a bad reception to get off the phone with the president. Tom carper says he was in a meeting with cohn when it happened. The white house says the story is completely false. A former bosnian serb general rajko melodic was convicted for his actions during the war of the 1990s. He was ejected from the courtroom when he said everything they say is a lie. He was sentenced to prison. You are watching bloomberg technology. This is bloomberg. Im alisa parenti. Emily this is bloomberg technology. Our continued coverage of uber, the company concealing a massive data breach. After delete the information and keep quiet. How this can impact efforts around the world. Russian election meddling on social media. One of facebooks earliest investors sells off all of his remaining shares. Why he is selling now. Uber has been racing from one disaster to the next leading to boycotts, lawsuits, criminal
Conversation does not have tapes of his conversation with james comey. An earlier trump tweet suggested they exist. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Parenti and this is bloomberg. Bloomberg technology is next. Emily i am emily chang. This is bloomberg technology. Drone diplomacy at the white house. Highlights from President Trumps meetings with tech executives and their advice for him to come. Plus, a new era at uber. The final moments leading up to Travis Kalanicks resignation. Who was responsible for the oust, and why. Preparing to go public, we are at the internet conference in berlin with one of the biggest investors. First, to our lead. President trump continues to welcome u. S. Tech leaders this week to the white house as part of an initiative to get the government equipped with the latest technology. Todays meeting was around emerging Technology Like drones and the internet of things. Among attendees, outg