Stay updated with breaking news from Stronger customer. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
You can be seated at the witness table. I want to introduce mr. Mike bowen. Mr. Bowen is the executive vice ameritech,f prestige which is americas largest medical surgical mask maker. Your story is a very powerful one. To my colleagues, mr. Bowen has wins i think, really he an award for tenacity, because over three president ial administrations, he has been banging on the door warning, asking for, pointing out the america has a dangerous dependence on Foreign Countries for products that we need here at home. So this is very important testimony and we welcome you. We thank you for traveling to be with us today with all the extenuating circumstances to travel. We are very grateful to you. So you are not recognized for your statement now recognized for your statement. And then you will hear from the members. I am sure both your statement will provoke questions and that you will get good ones from both sides of the aisle. I should ....
Canary islands in spain, allowing firefighters to make headway in battling the massive firefighters. Fires. Emergency workers evacuated more than 9000 people. The fire, described as a monster, began on saturday. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. York, it is 1 00 in new 6 00 in london, 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories we are following. Show me the slow down. Boston fed president Eric Rosengren says it is not up to the fed to make up for weakness in other economies. We will look at sentiment heading into this weeks jackson hole symposium. Watchdogs are rolling out the long ....
Two fatal accidents. European markets are open and they have opened up in positive territory. Its been another big week of global trade tensions and brexit worries, so well talk through it all with newsnights economics editor, ben chu. Quietly, ever so effectively, microsoft is winning the corporate cloud game. But in an age where brands like apple and google dominate, we want to know do you still use microsoft at home as well as work . Get in touch with us using the hashtag bbcbizlive. Hello and welcome to business live. We start with the only one tech giant that is valued at more than a trillion dollars. Its not amazon or apple, but microsoft. And it has just proved again why it is the worlds most valuable publicly traded company. Injust three months, this giant brought in almost 34 billion in revenue. About the same amount as the value of cypruss entire economy. And unlike a number of the tech giants, this company is actually making money. In fact, 13 billion of profits. How . Offic ....
By 0. 2 percent on the s p 500 following the biggest we of gains on the s p. Happy talk begins in september with goldman cutting the recession chances to 15 after week of decent data to keep this fed on the sidelines. Jonathan Good Research over the weekend and goldman leads the way with that lesser call on recession. It buttresses against a china basically in policy chaos. To the global town, im unsure of where we go other than Jerome Powell has a spirited leadership on Economic Growth. Jonathan later, as good as it gets. Tom hes still bullish. It is as good as it gets in the nuance here is that we peel away and maybe we get lesser and then he goes to a soft landing but i dont know what that means. Soft landing bramo comes back from her sabbatical. Jonathan she returns less bearish from vacation. Lisa first of all, nobod ....
Nonfarm labor report. Were so obsessed with what the big picture data might mean to the fed that it even controls the action during the single most important week of the earnings calendar. Fortunately today it went our way with the dow gaining 322 points, s p climbing. 91 and nasdaq jumping 1. 51 but i think thats because we can breathe a sigh of relief the fed meeting is behind us why do we have to hope tomorrow will bring a weak employment number with fewer jobs added, more modest wage growth . Because after todays beautiful absence of what we call macro numbers the fed obsession will start anew should they have left the door open for a raise should we have signaled a cut . Its all we talk about think about what happened yesterday and today. Lets start with the a. M. Before the fed meeting broke up we had a not so hot market it was pretty ugly we were down because people were worried the fed chief jay powell might lower the boom on the stock market by saying something hawkish. There ....