i am alisa parenti and this is bloomberg. emily: i am emily chang and this is "bloomberg technology." coming up, s&p 500 on a six-week winning streak. tech helping to ignite the boom. is it sustainable? we will identify potential eadwinds on the horizon. tech ipo's are back on the menu southeast asia's most valuable startup leading the charge in ew york. tech earnings on tap with major players lining up reports for next week. we will preview the biggest companies. u.s. stocks closed out friday's session at record highs, new record highs, the fourth straight positively for the nasdaq. what can slow down the gains? michael regan and david kirkpatrick joining us from new york. michael, does the tech rally have room to run? >> i think if you look at the forecast growth rates for your main tech companies, they are so strong that the valuations almost seem reasonable in most cases. i like to look at the peg ratio which compares the p/e ratio to the long-term forecast earnings growth. if you look at anyone from facebook to apple, go

alisa: i am a alisa parenti in washington you are watching , "bloomberg technology." let's start with a check of "first word news." president trump has signed an executive order to start unwinding the health care law, making lower premium plans a widely available and allowing consumers to buy plans across state lines. it may not happen in time for 2019. his chief of staff john kelly says he is not leaving his job anytime soon. >> i am not quitting today. believe i do not think i , am being fired today. alisa: president trump has introduced his pick for homeland security secretary. kristen nielsen is deputy chief of staff under kelly. the house has passed a $36.5 billion hurricane aid package. $16 billion will pay for flood insurance claims and emergency aid to help her to rico. florida and texas have requested about $40 billion. the death toll from wildfires raging in california is now 26. officials expect that to rise. more than 8000 firefighters are battling the blaze is with additional manpower and equipment on the way. global news 24 hours a day, powered by more t

♪ alisa: i'm alisa parenti from washington, and you are watching "bloomberg technology."et's start with a check of "first word news." president trump is expected to try to sell his tax plan in pennsylvania. he will say the typical american household would get a $4000 pay raise from the planned legislation. trump's own economic advisor has said this benefit would materialize over four years or on an annual basis would be closer to $500. you can watch the speech right here at 5:45 p.m. new york time here it -- new york time. president and mrs. trump welcomed the canadian prime minister and his wife at the white house today. the meeting comes at the start of a new round of nafta talks. president trump has threatened to withdraw from the accord unless the u.s. gets a better deal. house speaker paul ryan is taking a hands-off approach in the escalating feud between president trump and tennessee republican senator bob corker. ryan was questioned today about the war of words between the two in recent days. speaker ryan: i think it's just talk it out amongst yourselves. my advice

alisa: i am alisa parenti in washington, you are watching "bloomberg technology." let's start with a check of your first word news. president trump today declared the opioid crisis a national emergency. pres. trump: i will be looking at the federal government bringing lawsuits against bad actors. what they have and what they are doing against our people has been unheard of. we will be doing major lawsuits against people and companies that are hurting our people. alisa: the white house says today's house passage of a $4 trillion budget was necessary for a tax overhaul and sets the stage to give americans economic relief. the vote will make it easier for republicans to get there tax reform plan through congress. the house also overwhelmingly approved bipartisan legislation today to impose new sanctions on iran. the bill looks to penalize tehran for long-range ballistic missiles but keeps the nuclear accord largely intact. theening this hour, government is expected to release the final batch of files linked to the assassination of president john f. kennedy today. this

i am alisa parenti. this is bloomberg.bloomberg technology" is next. ♪ ♪ cory: i am cory johnson in for emily chang. this is "bloomberg technology." u.s. payrolls fall but wages soar. the future of employment with the head of talent at linkedin. high hopes tesla's solar power could help the island recover from the storm. new reports about swelling in the iphone 8 battery. we dig into how big the problem could be for apple. the u.s. september jobs report showed payrolls declined for the first time since 2010, but it is all about hurricanes that hit the u.s. without that the labor market maybe did not look so bad. maybe because people with low wages could not go to work or overtime. labor participation rate rising to the high since 2014. the director of the national economic council spoke to bloomberg from the white house. he said the u.s. can increase this figure by luring more businesses to the country. >> when you lower the tax rate, we make ourselves more competitive. we make it that businesses want to locate in the unit

i am alisa parenti.his is bloomberg. ♪ alisa: "bloomberg technology" is next. ♪ emily: i am emily chang, and this is bloomberg technology. coming up, a new twist in the investigation into election interference. this time, the trail does not lead to russia. how facebook and google are implicated in anti-refugee campaigns in u.s. battleground states. plus, we have more coverage of the wsjd conference. conversation with david marcus about their big plans to take on vendmo. after a summer of disappointment in the box office disney doubles , down on fantasy. why they believe the superhero showdown and musical animation and the force will pack theaters this fall. financial execs around the world are bearish on humans fearing , robots will eliminate jobs on the trading floor. a dozen executives and consultants in charge of deploying technology for bloomberg said automation will take over tasks currently performed by humans. a consulting firm has already predicted ai may wipe out 230,000 financial jobs by 2035.

alisa: i'm alisa parenti in washington, and you are watching "bloomberg technology." let's start with a check of your "first word news." president trump told people in las vegas today the nation stands firmly behind them. he praised first responders for their courage as the deadliest mass shooting in u.s. history unfolded. trump and first lady melania met with victims and responders to the attack. president trump says he has total confidence in secretary of state rex tillerson. he called those reports made up, and tillerson denied he ever considered quitting. the senate intelligence committee is investigating russian interference in the u.s. and tillerson denied he ever election and has not reached a conclusion. that is according to the committee chair and the vice chair. they also warn tougher measures needed to be taken ahead of the 2018 election. white house budget director mick they also warn tougher measures mulvaney says there will not be a federal bailout for puerto rico, even after president trump mentioned wiping out that red ink as part of hurricane recovery

♪ alisa: i'm alisa parenti. you are watching "bloomberg technology."resident donald trump visited storm ravaged puerto rico today, shook hands with the san juan mayor he insulted on twitter, relief costs could strain the and remarked relief costs could strain the federal budget. his visit was to show his commitment to rebuild the island that remains short on food, water, medicine, and other supplies nearly two weeks after hurricane maria. defense secretary jim mattis told lawmakers that it is in the u.s.'s strategic interest to remain in the iran nuclear deal that president trump has said he would like to scrap. mr. trump called the agreement "an embarrassment to the u.s." in mexico city, three more people have been confirmed dead, bringing the death toll of last month's magnitude 7.1 quake to 366. nearly 2/3 of the deaths were in the capital city. the quake occurred september 19. the first lawsuits have been filed against the trump administration's new travel ban. it is filed by a coalition of advocates that argue that restricting travel or citizens o

i'm alisa parenti. this is bloomberg. ♪ emily: this is "bloomberg technology." i'm emily chang.ithe live in los angeles a fantastic lineup of guests, including mark cuban, walter isaacson, and the discovery ceo. uber'sst, over -- first, board room holds a crucial meeting. here with the latest details on what exactly went down and what it means for the world's biggest maxtup, we are joined by check in of "bloomberg businessweek pickup -- businessweek." what do we know so far about what happened? >> i'm sure they would much rather be at the conference with you. they are fighting over what governance looks like and whether they can pass this softbank deal start moving forward with that. the goal is to put the two together in a single vote, reform governance and expand the board, and start moving on this essentially $10 billion share purchase from softbank and others. it looks like something is likely to pass. i think the actual terms are being negotiated. the movement to one share, one vote and other reforms seem likely at this point. it is a matter of the exact terminology and pro

i'm alisa parenti. this is bloomberg. ♪ ♪ emily: i am emily chang and this is tech.. -- bloomberg technology. ton the public can expect see more than 3000 russian linked ads. my wide ranging exclusive interviews with executives. what they had to say about amazon's $4 billion windfall. china officially demands a piece of its biggest tech company. we will put the potential power grab under the microscope. facebook ceo says the company absolutely supports public release of 3000 ads during the presidential election. she says it's is up to congress to decide the appropriate time to do so. me with --d.c. to meet with ceos. >> we are giving them our peace. they can understand the whole picture. what i reiterated in those meetings is that we think it is important they get the whole picture and they explain that. emily: joining me now is the founder of google ventures. youh, i want to talk to first. what is your strategy here? she has been over communicating in this whole ordeal. they want to make the point that

i am alisa parenti, and this is bloomberg. ♪ emily: i am emily chang.his is "bloomberg technology." coming up, amazon's triumphant third quarter. beat across the board and shredded estimates and expectations. alphabet putting up the third-quarter numbers and driving to an all-time high. we will look at today's earnings reports. snapchat make fake news disappear. it is the only prominent social network that has not been negatively affected by the russian scandal. to our lead -- amazon tops analysts' estimates, showing investors it can run grocery stores. and invest in markets all while selling products online and managing and expenses. for the first time, amazon is incorporating whole foods into the mix. chainocery store generates $27 million in operating income in a period which includes about a month of sales. joining us to discuss these is bloombergmore technology's olivia zaleski. to start with you. what are you see and when it strength?evenue hames: hat's off to jeff bezos. even when you strip out whole foods, it is a three-point acceleration, so ev

i am alisa parenti. this is bloomberg, "bloomberg technology" is next. ♪ emily: i am emily chang and this is "bloomberg technology." the iphone x hits preorder markets this friday, but there may not be enough models to go around by christmas. why shipments are reportedly cut and the potential implications for apple's bottom line. airbnb's unexpected vacancy. the china ceo walks away after just four months of the helm. what it means for the home sharer's future in beijing. and the first steps to increase advertising accountability begins on capitol hill. first, with the release of the iphone x around the corner, nikkei reporting initial shipments expected to total 20 million units of iphones this year. originally they forecasted 40 million. apple has struggled to fix a lead screen, 3-d sensors. what exactly is going on behind the scenes and what is it mean for the release and apple's upcoming earning report? i want to bring in cory johnson and alex webb, who covers apple for us. what we believe to be true

>> i'm a alisa parenti from washington and you are watching "bloomberg technology." spain's central government in madrid has fired the catalan government and dissolved its parliament. that is after the declaration of independence. spain's government was granted the authority as part of emergency measures. it is calling for a new regional election. press secretary sarah sanders says the white house supports the spanish government's constitutional measures. state department spokeswoman heather says both nato allies cooperate closely to advance shared security and economic priority. the state department published a list of businesses and individuals at risk for u.s. sanctions because of links to russia. nearly a month after that list was due. the penalties were required by sanctions bill congress passed in july. another high-profile republican retirement could be on the horizon. "the atlantic" reports orrin hatch is telling friends he plans to retire at the end of his term. "the atlantic" also reports mitt romney plans to run if hatch steps down. global news 24 hours a

on the alisa parenti. this is bloomberg. bloomberg technology is next. emily: coming up, apple's most advanced handset hits stores next week. what the success of the iphone x could rise in fall on its ambitious key feature. the new facial recognition technology set the gold standard for the industry? we'll explore. amazon gets a spare key. a new delivery feature that lets couriers income even when there is nobody home. a new price system in the pipeline to better navigate the highs and lows of the u.s. box office. how regal entertainment plans to rip the script on how viewers pay. first, to our lead. interest continues to grow over the iphone x as the countdown to his november 3 release begins. this is one of the most ambitious devices apple has ever brought to market. the technology posed several challenges, however, from facial recognition to 3-d features. alex len has been covering what's been going on behind closed doors and whether the tech jan will be ready to get the phone in the hands of consumers next week. alex jones joins us right now. you hav

. ♪ alisa: i'm alisa parenti. you are watching "bloomberg technology."p visited storm ravaged puerto rico today, shook hands with the san juan mayor he insulted on twitter, relief costs could strain the and remarked relief costs could strain the federal budget. his visit was to show his commitment to rebuild the island that remains short on food, water, medicine, and other supplies nearly two weeks after hurricane maria. defense secretary jim mattis told lawmakers that it is in the u.s.'s strategic interest to remain in the iran nuclear deal that president trump has said he would like to scrap. mr. trump called the agreemet

i am alisa parenti. this is bloomberg. "bloomberg technology" is next. ♪ ♪ emily: i am emily chang and this is "bloomberg technology." coming up, oracle opens up adding new features to take on amazon in the cloud. we will discuss the potential competitive advantage with the c.e.o. a new status update pledging more cleanup. the social network is adding over 1000 ad reviewers in the wake of the congressional investigation into russia's involvement in the 2016 u.s. election. the big vote at uber on what could be the largest private stock sale in history. we will discuss the potential $10 billion deal and the race to keep travis kalanick in check. oracle is taking the fight to amazon. larry ellison is calling the new database service a revolutionary technology will take the cloud computing business to the next level. new features will improve speed, efficiency, and pricing. oracle sales tied to the new cloud technology rose more than 20% in the last quarter and made up more than 16% of overall revenue. cory johnson caught up w

alisa: i am alisa parenti from washington. you are watching "bloomberg technology." president trump says the united nations has tremendous potential that has not been used over the years as much as it should be. the president spoke during a meeting at the white house with the u.n. secretary general today. mr. trump also praised his leadership in the organization. damage estimates from california wildfires are rising. officials said today 7700 buildings have been destroyed by the blaze. the number has gone up as they assess damage from the series of fires that broke out earlier this month. the fires have killed 42 people and caused more than $1 billion

i am alisa parenti. this is bloomberg. ♪ emily: i am emily chang and this is "bloomberg technology." its 22nd quarter of declining revenue. but there are great spots in the picture. the breakdown today's earnings report. the inside track on travis kalanick's future and uber's dump the year. my exclusive interview with arianna huffington here at the tech conference in laguna beach, california. vte double down in the race to launch america's first smartphone-tablet buy in. we discuss strategy and the technology behind the multiple smartphones. strong earnings report. ibm sales beat estimates, sending shares higher in u.s. trading. the tech giant's positive results lifted by growth from software projects -- products. joining us, forrester vice president, andrew bartel's. the 22nd quarter of revenue decline in a row, when can ibm take this cycle? getting close to turning the quarter. i would say sometime in 2018 is when it is likely to grow revenue again. 45% of its revenues are coming through strategic init

. >> i am alisa parenti in washington and you are watching "bloomberg technology." the washington post reports president trump plans on decertifying the iran deal next week. that could pass the issue to congress for a 60 day review. the move could lead to resumption of u.s. sanctions against iran. police in las vegas say mass shooter stephen paddock did not plan on killing himself following his deadly rampage. investigators say they found a note but would not reveal its content. 58 people were killed and hundreds were wounded. in the meantime the nra says the , bump stock device the biggest shooter used, turning weapons and automatic weapons, should be "subject to additional regulations." the nra says officials should review whether the devices comply with federal law. the district of columbia decided not to appeal a ruling regarding -- ruling, striking down part of its gun laws. the law had required a valid reason to carry a gun, but that was ruled unconstitutional. u.s. attorney general jeff sessions is revising a bush-era crime-fighting strategy. it sends certain

i'm a alisa parenti. this is bloomberg. ♪ emily: i'm emily chang, and this is "bloomberg technology." netflix's record third-quarter, and this -- third quarter, investors focusing on subscribers. plus china sets the stage to reset its political agenda with the tech sector under the microscope. we but the censorship and regulation laws and perspective ahead of a 90's congress of the chinese communist party. s become aoviepas victim of its own success? the ceo begs to differ. first, netflix reported a blockbuster third quarter, the company blowing past the company blowing past domestic and international subscriber growth targets and beating revenue, surpassing expected subscriber encouraging sign for investors since netflix recently announced its first price hike since 2015. joining us to discuss our bloomberg reporter lucas shaw and forrester principal analyst jim nail. what is your headline take away here? guest: like you say, blockbuster quarter. there have been many questions over the last few quarters

fits like a glove from up above, together together together together together ♪ alisa: i am a alisa parentire watching , "bloomberg technology." let's start with a check of "first word news." president trump has signed an executive order to start unwinding the health care law, making lower premium plans a widely available and allowing consumers to buy plans across state lines. it may not happen in time for 2019. his chief of staff john kelly says he is not leaving his job anytime soon. >> i am not quitting today. believe i do not think i , am being fired today. alisa: president trump has introduced his pick for homeland security secretary.

i'm alisa parenti. this is bloomberg. "bloomberg technology" is next. ♪ johnson, in for emily chang. this is "bloomberg technology." more problems for over including -- for uber, including a criminal investigation. plus, amazon and microsoft taking the lead. we will hear from top executives at each firm. and a japanese billionaire and the founder of softbank, his first break and how he closed the investment of a lifetime with jack ma. first, our lede, the continuing saga of uber's legal troubles. the company facing two additional criminal investigations. eric newcomer uncovered the scope. he joins us now. when i saw the notes this morning, i'm like, really, haven't we done this already? i've got to think the legal department at uber is feeling the same way. eric: it takes a long time for things to wind their way through. we knew about three criminal probes before. we are recording two new ones. we are now up to five. cory: these are all federal? eric: yes. cory: why are there five? why isn't there one big one? eric: there

i am alisa parenti. this is bloomberg, and "bloomberg technology" is next. ♪ emily: i am emily chang, and this is "bloomberg technology." gets $1 billion in its war chest and a funding round with alphabet leading the charge. whether google parent is riding shotgun in the start of race against uber. says that apple slashes orders for the iphone 8 by half. we put the strategy of logic 2 smartphones weeks apart under the microscope. and the company continues to face a series of political and public setbacks. how the ceo's multitasking skills are being tested. gets investment of $11 billion and it comes from its biggest rival. alphabet's g unit is leading the investment. google ventures made a big investment in uber years back. waymo is embroiled in a bitter lawsuit with uber. joining us is our guest was for the hour, bob mcdonnell, president of technalysis research. thateported months ago this was possible are now it is official. what does this mean? >> it is amazing, the about-face on alphabet. they invest

honeywell, alisa: i am alisa parenti in washington, and you are watching "bloomberg technology.""first word" news. defending hisp is administration's response to hurricane maria and puerto rico, which he says this is a perfect 10 meeting good he held a meeting in the oval office with the puerto rico governor. white house chief of staff john kelly is hitting back against critics who say he was insensitive to the family of an army sergeant killed in niger. the president expressed his condolences "in the best way he could." florida democratic congresswoman has claimed of trump told the sergeant's widow that he knew what he signed up for. secretary of state rex tillerson says he will remain until use "no longer needed." tells bloomberg he is motivated to serve the country and the president and president trump has called reports of the disagreement fake news. former president george w. bush addressed a foreign in new york city -- forum in new york city on freedom and free markets and said that bigotry and white suem

i'm alisa parenti. this is bloomberg. "bloomberg technology" is next. cory: i'm cory johnson. this is "bloomberg technology." coming up, facebook, twitter, and google -- all under the spotlight as the senate continues to probe russia's influence in the election. what changes could be underway for tech giants. plus, google unveiling a generation -- a second generation of its most popular devices along with new gadgets, but can they catch up to apple? and a speaker company rolls out a voice-controlled the voice -- voice-controlled device. members ofr lede, the senate intelligence committee said they will not be releasing russian finance ads -- financed ads turned over to them by facebook. they issued a stark warning as well. >> the russian measures did not and on election day, -- did not end on election day, 2016. they were not only geared at the united states of america. we have seen russian measures take place in france. we have seen concerns raised in the netherlands. we've seen concerns raised in germany. and we need to be on guard. cory: senator warner also stressed three c

i am alisa parenti. this is bloomberg. bloomberg technology is next. ♪ emily: i am emily chang and this is bloomberg technology. cisco increasing its footprint in the cloud and a deal to buy broadsoft. 10 days before the election testimony. a california house representative put silicon valley on notice. the congressman joins us this hour. the tech earnings story continues this week in full. we preview what to expect from amazon, alphabet, and twitter. m&a spree cisco's continues, snapping up broadsoft in a deal that expands the cisco's presence in software and the cloud, which has been a priority for the company and it caps off a busy year of deal making. it marks the ninth acquisition for cisco this year. for more reaction, we are joined by ed and corey in the studio. why is cisco buying broadsoft? cory: they were looking to acquire them. cisco is famous for this. it matches a lot of product areas where cisco already exists. that is software that is used for networks and communications platforms. they have a lot of the of

♪ alisa: i am alisa parenti in washington.aying that tehran is not living up to the spirit of the nuclear deal, president trump refuses to recertify the nuclear accord. he laid out the administration's new plan for iraq, which -- for a ron, which lays out a more strict stance on them. pledges his administrations both support for religious organizations, the first sitting president to address the values voters summit promising to return to traditional american values. he thousand to bring the national discourse. the former u.s. best start -- former u.s. ambassador reportedly discussed administration officials attempts to unmask the names of trump campaign manager's, inadvertently picking up on secret foreign communications. air quality in san francisco six to levels of smoke, smog choked beijing as a dozen wildfires blanketed the bay area. the concentration of dangerous particular matter was just a low beijing. global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. this is bl

. ♪ ♪ alisa: i'm alisa parenti from washington, and you are watching "bloomberg technology."a check of "first word news." president trump is expected to try to sell his tax plan in pennsylvania. he will say the typical american household would get a $4000 pay raise from the planned legislation. trump's own economic advisor has said this benefit would materialize over four years or on an annual basis would be closer to $500. you can watch the speech right here at 5:45 p.m. new york time here it -- new york time. president and mrs. trump welcomed the canadian prime mi

. ♪ alisa: i'm alisa parenti in washington and you are watching "bloomberg technology." elaborate on president trump's cryptic message last night when he called his photo op with military leaders "the calm before the storm." sarah sanders says trump is not looking to project details of military strategies. jeff sessions issued a memo to federal agencies advising them to follow 20 principles based on the d.o.j.'s interpretation of existing laws. among them that religious employers can discriminate in hiring. the trump administration plans to roll back the centerpiece of

. >> i am alisa parenti in washington and you are watching "bloomberg technology."resident trump plans on decertifying the iran deal next week. that could pass the issue to congress for a 60 day review. the move could lead to resumption of u.s. sanctions against iran. police in las vegas say mass shooter stephen paddock did not plan on killing himself following his deadly rampage. investigators say they found a note but would not reveal its content. 58 people were killed and hundreds were wounded. in the meantime the nra says the , bump stock

. ♪ alisa: i'm alisa parenti in washington, and you are watching "bloomberg technology."k of your "first word news." president trump told people in las vegas today the nation stands firmly behind them. he praised first responders for their courage as the deadliest mass shooting in u.s. history unfolded. trump and first lady melania met with victims and responders to the attack. president trump says he has total confidence in secretary of state rex tillerson. he called those reports made up, and tillerson denied he ever considered quitting. the senate intelligence committee is investigating russian interference in the u.s.

i'm alisa parenti. this is bloomberg. " bloomberg technology" is next. ♪ emily: i am emily chang, and this is "bloomberg technology." coming up, lyft gets $1 billion for its war chest in a funding round with alphabet leading the charge. why the google parent is riding shotgun with the startup in the race against uber. plus, apple's iphone plans come under scrutiny after a report says the company slashed orders for the iphone 8 by half. we put the strategy of launching two smartphones weeks apart under the microscope. google diplomacy, as the company continues to face a series of political and cultural setbacks. how the ceo's multitasking skills are being tested. but first, lyft gets new funding that values it at $11 billion and it is coming from an investor in its biggest rival. alphabet's capital g unit is leading the investment. $1 billionremember, alphabet's google ventures made a big investment in uber years back. waymo is embroiled in a bitter lawsuit with uber. joining us to discuss is our host fo

. >> i'm a alisa parenti from washington and you are watching "bloomberg technology."overnment in madrid has fired the catalan government and dissolved its parliament. that is after the declaration of independence. spain's government was granted the authority as part of emergency measures. it is calling for a new regional election. press secretary sarah sanders says the white house supports the spanish government's constitutional measures. state department spokeswoman heather says both nato allies cooperate closely to advance shared security and economic priority.

. ♪ ♪ alisa: i am alisa parenti in washington. living up to the spirit of the nuclear deal, president trump refuses to recertify the nuclear accord. he laid out the administration's new plan for iraq, which -- for a ron, which lays out a more strict stance on them. pledges his administrations both support for religious organizations, the first sitting president to address the values voters summit promising to return to traditional american values.

alisa: i am alisa parenti, you are watching bloomberg technology.tart with a look at the first word news. the white house says president trump and puerto rico governor ricardo will meet at the white house tomorrow to discuss the recovery and rebuilding effort. much of the island remains without electricity several weeks after maria struck. attorney general jeff sessions says he will not be revealing confidential conversations he had with president trump. testifying before the senate judiciary committee, sessions said the president is entitled to have private conversations with cabinet secretaries. the committee intends to press him on

alisa: i am alisa parenti in washington and you are watching "bloomberg technology." killed and more than 500 wounded after a gunman in a las vegas casino hotel opened fire at an outdoor festival. some were hit by shrapnel. others were trampled in the panic. the gunman, identified as stephen craig paddock, had as many as 10 guns. this is the deadliest mass shooting in u.s. history. the shooter's home has been searched by investigators. local police say officers never had contact with him while he lived there. detectives are still trying to determine a motive. islamic state has claimed responsibility. but the f.b.i. says there is no evidence to support that. the white house has ruled out talks with north korea over its nuclear arsenal after secretary of state rex tillerson said washington and pyongyang had opened channels of communication. sarah sanders said now is not the time to talk. the supreme court kicked off its new year with justice neil gorsuch onboard three for his first full term. they are taki

. ♪ alisa: i am alisa parenti in washington, you are watching "bloomberg technology."rt with a check of your first word news. president trump today declared the opioid crisis a national emergency. pres. trump: i will be looking at the federal government bringing lawsuits against bad actors. what they have and what they are doing against our people has been unheard of. we will be doing major lawsuits against people and companies that are hurting our people. alisa: the white house says today's house passage of a $4 trillion budget was necessary for a tax overhaul and sets the stage to give americans economief

. ♪ alisa: i'm alisa parenti from washington, and you are watching "bloomberg technology."k of "first word news." president trump is expected to try to sell his tax plan in pennsylvania. typical american household would get a $4000 pay raise from the planned legislation. advisers have said this materialized -- would orerialize over four years on an annual basis would be closer to $500. president and mrs. trump welcomed the canadian prime minister and his wife at the white house today. the meeting comes at the start of a new round of nafta talks. threatenedrump has to withdraw from the accord unless the u.s. gets a better deal. house speaker paul ryan is taking a hands-off approach in the escalating feud between president trump and tennessee republican senator bob corker. ryan was questioned today about the war of words between the two in recent days. speaker ryan: i think it's just talk it out amongst yourselves. my advice is for these two gentlemen to sit down and talk through their issues.

. >> i am alisa parenti, you are watching bloomberg technology.rst word news. white house says president trump and puerto rico governor ricardo will meet at the white house tomorrow to discuss the recovery and rebuy -- rebuilding effort. much of the island remains without electricity several weeks after maria struck. jeff sessions says he will not be revealing confidential conversations he had with .resident trump testifying before the senate judiciary committee, sessions said the president is entitled to have private conversations with cabinet secretaries. the committee will press him on those conversations, particularly about the firing of james comey. a manhunt is underway for a gunman who opened fire at a maryland office park, killing three coworkers and wounding two others. he is identified as a 37-year-old. there is not a motive to the shooting. roger goodell believes all for theshould not stand national anthem. he said he did not commit to making it a rule

. ♪ alisa: i'm alisa parenti in washington, and you are watching "bloomberg technology."k of your "first word news." president trump told people in las vegas today the nation stands firmly behind them. he praised first responders for their courage as the deadliest mass shooting in u.s. history unfolded. trump and first lady melania met with victims and responders to the attack. president trump says he has total confidence in secretary of state rex tillerson. he called him -- up,alled those reports made and tillerson denied he ever considered quitting. the senate intelligence committee is investigating russian interference in the u.s. election and has not reached a conclusion. that is according to the committee chair and the vice chair. they also warn tougher measures are needed -- tougher measures needed to be taken ahead of the election. white house budget director mick mulvaney says there will not be a federal bailout puerto rico, even after president trump mentioned wiping out that red ink as part of hurricane recovery.

. ♪ alisa: i am alisa parenti from washington. you are watching "bloomberg technology."ed nations has to this potential but has not been used over the years as much as it should be. the president spoke during a meeting at the white house with the u.n. secretary general today. mr. trump also praised his leadership in the organization. damage estimates from california wildfires are rising. officials said today 7700 buildings have been destroyed by the blaze. the number has gone up as they assess damage from the series of fires that broke out earlier this month. the fires have killed 42 people and caused more than $1 billion worth of damage. yes house speaker paul ryan says the republican tax overall plan includes a fourth bracket for the wealthy. it has not been decided whether the top bracket will remain at the 39.6% rate. he says it will be finalized in a number of days. it has been one month since hurricane maria devastated puerto rico. only about 20% of people on the island have power. the governor is pledging to get that to 95% by the end of the

. ♪ alisa: i am alisa parenti from washington and you are watching "bloomberg technology." shore up obamacare markets. republican lamar alexander and democrat patty murray drafted the agreement. trump signed an executive order order blocking those payments just last week. the third time was not the charm for president trump's travel ban. a federal judge in hawaii has blocked the ban on grounds is still reflects anti-muslim hostility. earlier tries were rejected for the same reason. it could head back to the supreme court. negotiations over the future of nafta were extended into the first quarter of 2018 after canada and mexico rejected what they see as hard-line u.s. proposals. a fourth round of talks wrapped up in washington. nations are trying to find common ground on procurement. president trump will announce his fed chair nominee soon, maybe even before leaving for an early november trip to asia. the president is said to be working with a list of five

. ♪ alisa: i am alisa parenti in washington and you are watching bloomberg technology.can senator jeff flake said he will not seek reelection. senate floorn the he was highly critical of president trump and some within the executive branch. he accused president trump of undermining american democracy with his "flagrant disregard of truth and decency." the supreme court dismissed the remaining trumpet travel ban case before the justices. the president's four month worldwide ban on refugees also ended today. they will unveil new, tougher screening procedures in the coming days. congress has passed a $36.5 billion package for disaster aid for puerto rico and several states impacted by the hurricane season. nearly $577 million to address damaging wildfires in california. the nonpartisan government accountability office said the u.s. spent more than $350 billion over the last decade as a result of climate change. the

you can see the blue dots alisa: i am alisa parenti in washington and you are watching "bloomberg technologylaborate on president trump's cryptic message last night when he called his photo op with military leaders the calm before the storm. sarah sanders says trump is not looking to project details of military strategies. jeff sessions issued a memo to federal agencies advising them to follow 20 principles based on the d.o.j.'s interpretation of existing laws. among them that religious employers can discriminate in hiring. the trump administration plans to roll back the centerpiece of president obama's efforts to slow global warming. the e.p.a. says the real exceeded federal law by setting emission standards power plants could not reasonably meet. a u.s. soldier who went missing in niger has been found dead after an ambush by extremists during a joint patrol with local troops. the soldier was one of quattrone u.s. troops and four from niger