Why Utility Companies are Paying For California's Wildfires
A firefighter hoses down a home's deck during the Skirball Fire in the Bel Air neighborhood of Los Angeles, California, U.S., on December 6, 2017.
Photographer: Patrick T. Fallon/BloombergOn What'd You Miss This Week, Scarlet Fu, Joe Weisenthal and Caroline Hyde spoke with Mark Kiesel, Chief Investment Officer for Global Credit at PIMCO, about a bold call from one of his colleagues. In an interview with Bloomberg, Dan Ivascyn, the CIO of PIMCO, said that global trade tensions may actually benefit the U.S. economy. Ivascyn explained that trade would be the "sand in the gears to slow things down a little bit" and keep the economy from running too hot. Kiesel, who oversees over $300 billion in assets, offered his take on how trade is weighing on investor sentiment and where yields go from here.
David Kirkpatrick, Techonomy Media CEO and the author of The Facebook Effect joined to discuss President Trump's latest battle against big tech. This time against Google. Kirkpatrick explained why there was no basis to the President's claims that the search engine was rigging their algorithm against him and where the theory originated from.