tv Whatd You Miss Bloomberg November 15, 2019 4:00pm-5:00pm EST
we went down, and then there was a slingshot up in the first quarter of this year. obviously the pace of gains have been a little more gradual. caroline: today, they seem pretty happy, .75% higher on the s&p 500, managed to finally break that 3100 mark. 3120, it is very close. caroline: yeah, this is a very positive i've -- joe: yeah, this is a very positive vibe to end the market. russell lagging a little bit, but everything else pretty good. lisa: you saw the accelerate into the close, closing at session highs, really, even though there was not really much by way of news to generate this. the general bias, it confirms what we have been saying, the bias is for the rally for u.s. equities -- caroline: and volume is not bad, up 13% on the nasdaq and the dow.
set for the s&p 500. joe: there you go. caroline: abigail, what are you watching? abigail: you know, caroline, across asset classes, the technicals for the s&p 500 are fairly constructive. it is worth noting we also have a rally for haven bonds. take a look at this, the 10-year yield shedding 11 basis points on the week. this is the biggest rally for bonds going back to the first year of october. haven bond rally in, and that has influenced dissector blog competition, putting aside the big rally we saw today for health care, the best sectors, on the week, real estate and utilities, those are of course rate sensitive. dividends look more attractive. on the flipside side of this, take a look at two of the worst sectors or one of the worst sectors of the week, the financials, and the kbw bank index underperforming, taylor. it will be interesting if that continues this week.
and seems as though the defensive sectors are actually doing quite well. taylor: well, abigail, we talked about how the last decade has been the most unloved bull market really going on here. it is interesting because according to a report from richard bernstein advisors, they said it is not the case that investors are euphoric on the markets when you include venture capital private equity. they take a look at the index inside my terminal, and that is charted in white, relative to the s&p 500, which is blue. if you include private equity and venture capital and along with stocks, the flurry is in the market, as you can see, that has increased more than a leventhal took the s&p 500 started rising back in march of 2019. that is more than twice the s&p 500's total return for the period. some of the private venture capital euphoria is back in the market, mike. euphoria on myt mind as well. the stocks have been grinding higher for a good six weeks now. today we did under what is
officially considered overbought territory, at least until put into a popular momentum indicator known as the 14-day relative strength index. high above that official overbought level of $70, not exactly a death knell for the rally. you would expect a lot of technicians, bullish as long as the momentum keep going and that rsi keeps getting higher and high. periods of the market in 2017, 2018, it stayed above that for extended period, even reached as high as 87 in january 2018. if you look, it has had a hard time staying above that $70 level this year. in fact today, we are about $73, which is the highest it has been since late april, and that is right before a dip of about 7% in the s&p 500. of course there is no guarantee that history will repeat itself, but caroline, it would not be
too surprising to see the market sort of take a breather next all of thisdigests momentum that has led up to it. lisa: mike, thank you so much, a lot of people accuse me of looking like scarlet. [laughter] our: i want to bring back guests, anthony of a mayor price financial, -- of ameriprise financial, and of course our own cameron crise. anthony, when do you start selling? i would love to get into the euphoria everyone is talking about. anthony: yeah, i think investors should have a pretty good path to the rest of the year, as long as the fundamental of the macro backdrop does not change a whole lot. i think the markets can grind a lot higher. you guys mentioned rsi. if you look at the advanced line in the s&p 500, that has been a good barometer, a good a leading indicator of where prices move for the s&p 500. it has generally led market higher when we have been in a
downturn, and as the advanced decline line is more high, it is rising more each day than falling, and as it has gotten better in the market, markets have gravitated higher. i think if you see the rally kind of peter out a little bit, more stocks start to decline on a daily basis versus going up, i think you get a little more concerned about this rally. but the fundamental and macro backdrop seem ok for the rest of the year. i think markets will continue to grind a little bit higher for the rest of 2019. joe: there has definitely been this narrative that one thing driving the market higher is dropping the global data, green shoots, whatever you want to call that. the data does not look that great. cameron: no. joe: we got a fleet of data this morning that was not amazing. global numbers, japan, china,
definitely not amazing. is it at the numbers have gotten ahead of themselves? is there a disconnect? or is it that's people were so negative before that mediocre data is enough? cameron: i think over the last three months, you have had yields around the world -- yeah, they have risen over the last six weeks or whatever, but you compare where we were six months ago, yields are still a heck of a lot lower. in the tactical timeframe, the perception of liquidity and the perception of interest rates, yeah, is a primary explanatory variable for the market, and what we are seeing is an extension in the multiple of the market here and elsewhere, because, as you say, growth is pretty mediocre. on the fourth quarter, we are looking at something barely above positive in the united states. earnings on an economy-wide level had not really moved in four years, even though for the s&p, they are kind of flatlining
for the moment. so it is all about the multiple, and the multiple is about interest rates and the perception of liquidity. right now, that looks pretty good. caroline: anthony, not looking only good in the u.s. but potentially around the world. japan has been on a tear in the last month or so, europe starting to outperform. where do you see perhaps the money flowing going into the end of 2019, 2020? do we finally get a story of international markets outperforming? anthony: that is exactly what you are seeing right now. you see the breadth and the stoxxipation going across and international investments, europe, japan, and arguably come of those economies are much more sensitive to what is happening in u.s.-china trade than the u.s. you see this risk-on behavior start to extend to some of those areas like europe, so japan, asia, germany, all of these markets have seen a rebound over recent weeks. i think the fundamental backdrop
there is still questionable. you have monetary policy extended all the way, as accommodative as can be. you still have slow growth. as long as trade tensions remain unresolved, we are susceptible to these headlines. i think diversification and being in international markets makes sense right now, but we are still advising our clients to really have a u.s. tilt in their portfolio toward year end. lisa: cameron, people say you buy plus -- bypass guidelines. is that a myth? cameron: it depends on perception. the bank of america-merrill lynch, they suggested that it is substantially reduce the amount of cash that they have got. i think individual investors, if you look into, like, ubs or asset managers for high net worth individuals, individuals tend to have a lot of cash still, but who is more likely to
trade tomorrow? it is the professional investor. from that perspective, there has been quite a bit of deployment into the market. so the marginal punter, as it were, i think has been active in buying into the market. joe: i want to get into trade row quickly. markets got a bit of a lift on these fresh comments from kudlow, implying that a deal was close. that kind of contradicted some of the headlines we got earlier this week about the stumbling blocks. why is the market or why does the markets seem to react positively to any comment about a deal being close, when we have gotten comments about deals being close forever? why is that something that people believe? or why are people desiring to take that seriously? anthony: we have been here before, right? we have seen comments from mr. kudlow for the last year, talking about positive aspects of the trade deal. i think from the markets
perspective, it does not want to see the december tariffs be put on plays, and it does not want to see the tariffs increase, so any headlines that suggest we are getting a signed phase one deal or we are extending, kicking the can down the road, i think that is a positive for the market. you have already seen investment across businesses decline. confidence across businesses decline. we are entering 2020. i think, from a perspective of just trade tensions escalate, it gets harder for the u.s. to kind of process that, particularly as we move into an election cycle. i believe that the market is sniffing out a potential phase one deal that does not really do much for the whole trade and economic situation between the u.s. and china, but it just delays further tariffs, and i think as long as we can get, then the market will be ok with that. caroline: anthony figurelli, great to have you with us, ameriprise financial global markets, and cameron crise, great to have you with us.
retail roundup sales on gains in on automobiles are fewer, but weakness closing on furniture. we will look at the earnings outlook. and a music megastar has some words for the carlyle group. lisa: u.s. stocks rose to an all-time highs on the day as treasuries as lower. joining us for more is been eminence and katie, bloomberg news fx and race reporter. see really interesting to the race upset we are seeing. we are not necessarily seeing the same move in bonds. it seems like their euphoria in stocks is not hitting bond yields. where do you see that? ben: yes, it is cautioning, lisa. it is now finalized. guidance about it,
and that is probably why the stock market is up so much. it is basically euphoria about it, there is finally an agreement coming in writing, but the bond market is saying two things. one, we have a trade board that refuse to hand over the global economy that has really price down inflation, the price index is an example, relate negative inflationary pressure. then there is caution, well, we have phase one, but what is the next stage of phase two? and will this immediately lead to the discuss relation -- to the de-escalation of the trade war? joe: katie, obviously stocks are at record highs. we are not talking that much about weak data, things like that, but there are some areas of tension. one thing you have been having your eye on, especially over the last few days, is pressure rising for the hong kong dollar. what is going on there? katherine: it is interesting,
if you look at the stock market, the hong kong dollar is rally in. if you look under the hood a little bit, you see the spike, which goes to see how the hyper liquidity environment is right now. not many people want it so long, but a lot of people are trying to find their short position against the hong kong dollar. you typically see a spike toward year-end, but clearly it is higher now, so. there is something going on here. . caroline: a liquidity risks, how much is that from and you are paying attention to in the market, ben, and economists talk to this, deutsche bank looking at this. how much? ben: it is definitely a risk, and it is a recurrence, a yearly recurrence, and it has to do counterparties. that is happening every year. we have this uncertainty about the phase one deal about hong
kong. those see it in particular markets, foreign-exchange markets, weaker markets. it probably means that there is limited liquidity going into year end. the house we will see, not until probably early december, keeping in mind that on december 15, we have these tariffs still, the key tariffs that everyone is concerned about, will there be delays? lisa: all right, this is the really interesting contrast. you see the melt up in stocks, the shift to euphoria, but katie, you bring a good point, people in hong kong are expecting the euphoria to process. ben, if that doesn't escalate and you get basing intervening in some way -- pressure, will be because clearly there is a link between the trade deal in the actions of beijing, related to hong kong. we know there is a bill in the senate about pro-democracy in
hong kong. we know trump has been out on twitter, monitoring the movement of the hong kong border, etc., for the markets are focusing on it, and you will get liquidity coming to the markets faster, so, yes, it is a thing to watch. in 2016 whener chinese authorities devalued the yuan. it has been an major global markets for a while. obviously for years, people have unsuccessfully bets on something similar happening to the you hong kong dollar, some sort of de-pegging. remove her,as i can people have been unsuccessfully thinking this is going to happen, and they always fail. would that be a global event that goes beyond an isolated currency bet? katherine: you could also turn back to 2016 for a good example of what that might look like, when the swiss national bank had strength.
euro fell almost 40% against the swiss bank. joe: that was a crazy day. that was a crazy day. and given how committed the hong kong monetary authority has been to defending this peg, to see them reversed course and let it go or switch their peg to another currency, that would be absolutely huge, and we would really see a lot of people's money -- or make money -- because there are a select few who are betting that will happen. caroline: ben, how are you thinking people are positioned to make money in this current scenario as we are at record highs? we see a base rate for u.s. treasuries. ben: it is a tough question. it is a nice ride. if you are balanced, say the s&p, it works really well. lisa: it works. and for the past 30. [laughs] ben: right. a balanced portfolio is good, and it gets you to this environment, but the way to
think about it is that phase one represents 60% of the deal, president trump. if phase one really gets concluded, i think you can start calibrating about, as an investor, what will be the economic impact from here as we go into phase two, which will likely include lower tariffs over time? i think that you could adjust your balance portfolio to probably more risk-on exposure. i think that is the rate of returns from here. you have to counter the trade affects in the future, so phase one, phase two portfolio, you have to think about two more risk on exposure, if it is successful. joe: all right. great stuff. really appreciate your perspective. ben emmonds of medley global advisors and bloomberg's own katie groenefeld. jcpenney pulling off an earnings lead in the third quarter. we have got your retail roundup next. this is bloomberg. ♪ next. this is bloomberg. ♪
lisa: u.s. resale sales rebound in october, but it is a poor performance overall, even as jcpenney stores have a greater outlet. let's get a retail roundup, from suzanne, joining us from princeton, new jersey. punam, let's talk about the retail sales we got earlier. just how disappointing were they ? poonam: what we have seen and heard from the retailers is october had a nice pickup, from the cooler temperatures and the the report is, so actually more encouraging, also
leading into the holiday being more optimistic as they expect holiday sales to still be robust. joe: so there was weakness and some pretty key areas of discretionary spending, furniture, sporting goods, restaurants. sometimes i like looking at restaurants, because that is the ultimate discretionary purchase, but markets are not too worried about it at all. poonam: yeah, i am not so worried about it. you have to remember, october is the smallest month of the quarter for retailers, so it is not that big of a month. if you look at the consumer overall, confidence is high, interest rates are low, housing is good, so the consumer is in a pretty good spot. you will see share shifts where retailers who are doing well will continue to do well, and the ones that have struggled because of shared shifts, losses online as consumers' tastes change, they will struggle. caroline: it is the have and have-nots, whether it be gaps,
but every now and then, that little red light, performing better than expected, and jcpenney had it today. poonam: yeah, jcpenney had good results, and that was really driven by the margin, 180 basis points. but that said, top-down, 9.3%, and that is not that robust. in spite of all of that, i think what you saw today in the market was probably a little bit of short covering, underlying fundamentals on the top line still weak. i want to take, you into some of the retail data that we have gotten, which is apparel in particular. there seems to be a softening. i am wondering if that is an omen heading into december, especially of these tariffs do go into place. poonam: i think the tariffs probably do go into place, and if they do, the retailers probably do not have the andtite for everything, they also cannot pass the prices
to the consumer, so that is a wait and watch situation. if they do take prices up by retail, which we do not expect them to, at least on the apparel front, we will see a fallback and demand and a trade down. caroline: next week, we get a earnings from certain companies. we have got tj maxx, i mean, we have got the whole gambit of somewhat luxury all the way down to the cheaper price point. who will be the winners, do you think? poonam: i think the winners will be who they have been all along, the off-price retailers, tj maxx, burlington, ross, they will post outside same-store gains. department stores, we're seeing down, maybe up .5%. and thattill weak, trend likely continues as they struggle to drop traffic. lululemon is a retailer that we have seen post double-digit signature sales gain all year, and we expect that trend to continue. the athleisure trend will
continue. caroline: long leggings. poonam goyal, bloomberg intelligence. let's get a headline for you. a governor's report meeting that u.s. workers are failing to meet the skills needed in the economy. literacy, numeracy, and digital problem-solving -- 19% of those surveyed ranked the lowest levels for that problem-solving ability. thatberg has learned facing a security and permissions exchange inquiry. the real is set to be -- the review is set to be preliminary and will not lead to a case for the company, at $1.7 billion, but fell out favor with investors. i am talking about t-mobile ceo john leisure, who says he is not taking a job running wework. blue diamond has been sold for a measly $15 million. that is a big boost for petrol
am mark crumpton with first word news. as the former u.s. envoy to ukraine testified today, president trump denigrated her career on social media. he criticized her prior work in somalia and wrote ukrainian leaders spoke about her unfavorably. mr. trump called it his right to appoint ambassadors. asked the witness about the tweet. >> it is very intimidating. >> designed to intimidate. i can't speak to what the
president is trying to do. the effect is to be intimidated. mark: she also said she had asked the state department for a statement of support while fault stories were being spread about her work in ukraine. david hale told her that would not happen because the president might issue a tweet contradicting that. roger stone has been convicted of lying to congress, obstructing a probe, and witness tampering. the verdict comes after deliberations began yesterday. the case against stone included evidence that president trump knew about wikileaks plans to release emails damaging to his rival hillary clinton. prosecutors said stone lied to congress to protect the president. he will remain free pending sentences. he faces up to 20 years in prison. a question deflected
about what the u.s. would do if china cracks down harder on protesters in hong kong. speaking at rice university, he said he has pressed beijing and the demonstrators to engage in nonviolent discourse. >> not only the united states, the united kingdom, and how several countries have made clear our expectation about china with respect to the people of hong kong. that expectation is based on the commitment of the chinese government. theave said repeatedly to general secretary to honor that commitment. you promise to there would be one country, two systems. mark: matthew chung promised what he called more decisive measures to halt protest violence. the financial center faces another weekend of unrest after roadblocks,
vandalism, and marches. global news 24 hours a day on air and tictoc on twitter powered by 2700 journalists and 120 countries.r i am mark crumpton. this is bloomberg. joe: u.s. stocks rising today with the dow topping 20,000 for the first time. this euphoria came as the white house signaled a trade deal with china is within reach. larry kudlow telling reporters that we are coming down to the short strokes and in communication with beijing every day. that doesn't mean another breakdown won't be averted. sarah mcgregor joins us from l.a. with the latest. sarah, is there anything more believable about this comment then every other time we've been close to a deal? inah: what is more telling the comments were comments we
got from secretary ross who said until everything is agreed to, nothing is. that has been the case all along. there's no reason to believe anything is different this time around. a lot of this will come down to the final issues. there's a lot of reasons to believe the u.s. and china are far apart on some of these lower-level issues. t2 that is the tariff question. will they be rolled back? that will be the key for china. >> it is hard for me to wrap my head around the sticking points. i heard about soybeans as well as hog imports and enforcing the amount china says they are going to purchase. and then reports about phase ii of negotiations and how solidified the roadmap has to be. can you give us a sense of what we know that has been solidified? nail on theit the
head where the confusion lies right now. what are they agreeing to? is it just about farming purchases or is it going to have some commitment in it to address some of the ip theft and the core issues the trump administration started this trade war on to begin with. it would be hard to say they have tackled the issue or made headway if they have not addressed these key intellectual least in thees, at first round at this point. no one has laid out exactly what to expect from this deal. that might be an indication of leaving the bar low to get something they can agree to on paper. caroline: and the clock is ticking. is it still december 15 two not have an escalation in the trade war? sarah: absolutely. since the a putt -- the apex of
ismer, the new target december 15 because of these tariffs that are going to take place on the rest of the goods from china. that will be really important stuff like phone and tv. that is what everyone is looking ahead to right now. as of december 15, the trump administration has to say whether they will put them in place or not. deal,y do and there's no that will aggravate china. caroline: thank you. u.s.-china,h bridgewater has found relations between the countries could worsen and lead to a capital war. we spoke yesterday in new york. >> there is a trade war. there is a technology war. there is a geopolitical war. there could be capital wars. that is the nature of the environment. how that is approached is going
to determine what our futures are like. capital: the talks of wars have been ratcheting up, the worry about pension funds. this is something you heard from the hedge funds. bassett has been hammering on this a long time. so negative these days. >> he is, negative on the rise of social wars. 1931. joe: but he is really smart. much more successful than i am. >> i will say when you talk about capital wars, what are we talking about? investing dollars and the idea china has been winning that and that the u.s. government is trying to bring that back, stop investing in china. if you talk to the distressed debt investors, they are
planning big operations in china. u.s. banks too. joe: someone saved the problem is raising the value of the dollar. there's another argument that, please, send your money elsewhere. more of those luxury penthouses more affordable. joe: exactly. >> sticking in washington, president trump's personal lawyers being investigated for a slew of reasons regarding ukraine. for more on how it affects trump, let's bring in jordan sabian. trump's personal attorney, what is the latest? >> three u.s. officials have said he is being looked at for
possible campaign finance violations and also whether there was any bribery of foreign officials. this could touch on his activities in ukraine as well as his other dealings in foreign countries. if this investigation results in criminal charges against rudy giuliani, it opens up questions for president trump. giuliani saying he did everything he did in ukraine on behalf of trump as his personal lawyer. caroline: how easily can trump distance himself? what are the main concerns for trump when it comes to the impeachment? >> rudy giuliani is at the center of a lot of the issues in the trial. if you watch the hearing with the former ukraine ambassador, she said rudy giuliani was in the center of this plot to get
her out of office and he was helped by his former associates who have been arrested on comp pain -- campaign-finance violation. this all ties together. stance heicks by his was doing this on behalf of the president, the president will decide whether to stay loyal to giuliani or distance himself. some othertalk about developments in politics. elizabeth warren has made medicare for all a big part of her campaign. saying she would not pursue that until there was a public option available for three years. is this an acknowledgment how treacherous the politics are? particularly once senators are in a position where they might have to vote on something that overhauls the health care system, eliminating private health insurance. >> i think that could be part of
it. she wants to reassure people, this is going back to her proposal to pay for this plan. she's not going to raise taxes on the middle class to do it. insuranceour private is not going to go away on day one. it is also a message to insurance companies, we are not going to blow up your business on day one. it raises questions for them, if is thes a rollout, what future of those companies if all americans are going to be on government insurance in three years? how are employees going to stay afloat? it creates other issues. >> it seems like markets are taking anything she proposes, she is the front runner and will be the candidate. is that the view from the white house? >> the view from the white house contenders.e of two
public impeachment hearings. trump complained about stone, suggesting others deserve to be in prison. he includes hillary and that. on aberg.com has a story new breed of entrepreneurs trying to rid cheese of its rubbery reputation and getting in on ice cream, instead of adding flavors. they are pioneering a new way to make it. clothingorted 30% of is turned into wiping rags. decades before that, the ragstry -- billions of remain unknown. you can follow the stories at bloomberg.com and tictoc on twitter. joe: the chilean peso rowling the most in a decade on optimism
an agreement over a new constitution will help and protest that have threatened to upend the economy. the move comes after the currency hit its lowest level ever. joining us is sebastian boyd. thank you for joining us. what would be in this new constitution that could mollify some of the unrest we have seen? what is int so much it as what it is pure the current constitution was written during the dictatorship of pinochet which was brutal. it's not so much the content as the fact a new constitution will have more legitimacy. the hope is this will calm some of the protests.
one of the key demands is a constitution written and created in a democracy. peso thatt just the is rallying. you are seeing bonds in the nation rally. 3.3%,ndering right now at whether you expect there to be a further rally given the fact chile has been a haven in latin america. sebastian: it has been traditionally. maybe not after this week. it has been intense. yield fell thehe most in a decade today. it rose the most in a decade earlier this week. some of ite losing safe haven appeal. i will be speaking to investors who are thinking they will be a high-yield going forward. we will see if the process of
introducetution will some risk. however, where the yields go in the near term depends on where the central bank is going. that is not easy to tell. we've got these protests. a lot of economic damage from this. we might be going into a recession. this quarter will be negative for growth. you think the central bank might be cutting. the currency has fallen. we will have to wait and see what the data tells us to know whether those factors will outweigh the lack of growth. caroline: we have seen turbulence across a number of latin american countries. did anyone see this coming in chile? sebastian: some people did. not that it was going to come now and with the intensity.
there has been to satisfaction -- dissatisfaction for a long time. this is an unequal society, a lot of cases of political corruption and business malpractice. not necessarily being punished. no one has gone to jail. popular anger. academics have been talking about chile as something that could blow up. i did not think anyone thought this year or this month. it is not completely out of the blue. caroline: great perspective from sebastian boyd. latest check on the business headlines. plans tor party nationalize the phone carrier bt. the effort would be financed in part with taxes on multinational companies such as amazon. shares of a scandinavian bank
held today. it has been contacted about a report on suspected money laundering. program claims to information that includes -- new york and vancouver are luxurytheir luster for home. property prices in those cities fell from a year ago. vancouver dropped 10%. among the reasons, trade war, taxes oneading to new the rich. that is your update. talking of how the world like stews -- likes to spend their money, it cheap coffee has forced some growers to exit the business. nowadays if you want a cup of premium roast, be prepared to pay for it.
paris tells.uxury you will be charged $15 for a latte. is one of romaine those people. i feel bad saying it when he's not here. espresso up in an household. you are cracking me out. i will say it does taste different when it is very good. i understand the allure of paying a good amount. what i don't understand is going to a corner store and paying six dollars for an average cup of coffee when you could get a much better cup. i am more particular about where i go. joe: i'm the opposite. caroline: you pay like four dollars. >> we get it for free. joe: one dollar, two dollars. that's it. >> man of the people, joe
>> private equity caught in the crosshairs of the campaign trail. now it has a chance to be a peace broker. taylor swift is asking for help or golfing the dispute with her former label big machine records. for more let's bring in a us from loso join angeles. it lay out what the issue is. swift was mad when scooter braun, a music manager,
had acquired big machine, her old label. she was signed there for her first several albums. ownwanted to buy back her catalog. the carlisle involvement is they helped finance the acquisition of big machine. taylor swift tweets yesterday that big machine and its supporters are not allowing her to perform her old songs at an upcoming award show, the american music awards. you would want to perform your biggest hits. she says big machine is telling her she could not play any of those and blocking some other things like use of her music in an upcoming documentary. she pleaded to her fans, hoping these people would rally to her defense and convince big machine to do otherwise. aremachine has said they not stopping her from
performing, but they did not really address whether she would be allowed to perform the old songs. people haveore heard about carlisle today than ever before. >> probably so. these arecurious, household names. this is their first introduction. how do they handle this? >> they have to please scooter who they invested with, their own investors, they are probably going to say nothing, which they have done so far. the head of consumer retail spoke to business insider after this deal and said stars are having much more of an impact on consumer in general. knowing that was part of the strategy in the first place. is an to go against that interesting tension. caroline: i wish we had longer
♪ taylor: i am taylor riggs in san francisco in for emily chang and this is "bloomberg technology." coming up in the next hour, fed scrutiny. we work faces possible rules violations. plus the multistate investigation into google's ad business extends to its android operations. we will have the latest. the week that was. disney's new strea