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Counts of the indictment against the menendez. Toy have the opportunity retry the men. The Trump Administration is considering having Mick Mulvaney serve as interim head of the Consumer Financial protection bureau. That is according to people familiar with the matter. Would stepced he down from the post later this month under a federal vacancies law. The president can replace an outgoing director temporarily from another person who has already won senate approval. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti, this is bloomberg. Bloomberg technology is next. Emily i am emily chang and this is bloomberg technology. Coming up, u. S. Tax reform clears a big hurdle as the house passes its version of the bill. We will discuss what comes n ....
Now theyre back downtown for the start of squawk alley. Hi, karm all right seem yashgs thank you very much. Good morning it is 8 00 a. M. In newport, oregon the First North American city in the path to have days total eclipse. Its 11 00 a. M. On wall street squawk alley is live. Good mo. Welcome to squawk alley. Were at post 9 on the New York Stock Exchange jon fortt has the morning off. The dow is down off the lows we did see some pressure this morning, particularly on stocks in the nasdaq continuing to underperform that index coming off a four week losing streak mid morning here, sarah, we won wondered whether we would test the lows the vix didnt manage to spike. That made somebody moderate selling pressure after two weeks of decline a lot of people also talking about the rustle 2000 index of small caps underforemaning down four straight weeks in a row. Now a ....
The air and b b ceo talks to us about entrepreneur sugar on the role and is backing up Hillary Clinton. One of the biggest deals and tech history, the microsoft acquisition of linkiedin. We caught up with reid hoffman and has to one convince them to backup the deal. The first month we launched it, when i was talking to my cofounders. Hat will be the dream thing we do a lot of things on news and these are considered thoughtful conversations. Text backing, some of which will be very useful. Artificial intelligence, cover your assistance you should learn this, look at this. We dont have that. Microsoft has great technology. Ourl, what should her internet play be, being productive . That is linkedin. You have a very natural synergy. It has been emotional for him. This is your baby. You have been building it for so long. What was alike emotionally for making that decision and letting it go . I have always let go. The mission matters. ....
Benefits tremendously from having secure democratic market economic space from having countries that are willing to go with us to kosovo, bosnia, afghanistan. When we see a need for u. S. Intervention in the world, the only countries that have reliably been willing to do that have been our nato allies. And they bring genuinely military capability. It is still substantial compared to anything else that is available so we derive a lot of benefit. Mary from coronado, california on the democratic line, go ahead. Caller i was just listening about nato and the map and we are the biggest country. We are the leaders of the world so is in it, that is why we put more money into it . Others are smaller countries and they might not have as much money as the United States. Terms, thebsolute u. S. Is always going to be putting in the highest number of dollars but what we are looking at is percentages. If the u. S. Is putting in a certain percent ....
Devastating setback. At a rally in san jose this morning families of undocumented workers made their message clear. Their hopes are dashed and their hearts are broken. There are no words to express how deeply disappointed my entire community is. How much relief this would have had on everyone. Doppler, pres. Obamas immigration plan couldve helped as many as 5 million unauthorized immigrants, sparing parents immigrants, sparing parents of citizens from deportation granting them work for mets. But a deadlock Supreme Court means a Lower Court Ruling to block the measure will stand. This will not keep most of our undocumented community in the dark. The case originated out of texas and the Texas Attorney general released a statement saying its proof that one person even a president cannot unilaterally change the law. Repub ....