getting a carry-on of this sanguine sentiment coming through from asia overnight, we had some exuberance yesterday after hitting fresh record highs. our hopes that we could get up three chris is tax reform surprise pre-christmas tax but are concerned about a partial government shutdown if a deal is not reached by next week. over all we are seeing a pickup in the markets. one thing we are watching his commodities. we of course have a situation where it has been a extraordinary bull run when it comes to commodities so far this year and a lot of it has in down demand in china continuing to pick up. we are going to be looking into the question of whether that will be coming to an end, ryan, given that we are seeing the housing demand pull off in china cool off and china. in north korea, sanguine reaction when it comes to the equities markets in asia. you can see on the chart, we ave had the increasingly repetitive indications that the missiles have gotten more advanced inca
that s what i keep thinking on a day like today stocks trashed a week ago, started rebounding like crazy. dow gaining, s&p advancing and nasdaq 0.54% makes you wonder about the market s rationality you re wondering, thinking is it even sane? for the most part nothing wrong with the stocks that. reporter: zbls. that were hammered in the selloff. but market is not crazy or irrational in reality traders tend to make wild overgenralizations, act fast mistake to assume they know what they re doing. in short the market is often wrong but we credit the action with being brilliant how wrong with the market be egregious examples tonight rotation out of technology that didn t make a lot of sense sales force.com. stood at $92 roared to $102 in earnings when the company reported, results superb, really stupendous, scrutinized them line by line and had such faith it was that good what happened to the stock got completely bushwhacked fell under $100 in a couple of days as part of the r
to create a cybersecurity giant. anna: welcome to the program. this is bloomberg markets: european open. this is daybreak: europe. of more thanwhen 1% and again we see it moving higher this morning. it s moving up by one and a half percent. it s gone over $65 for the first time in two and a half years as matt was saying in the headlines. it s the most important pipeline of the world shut down. msci asia-pacific there as well. we are waiting for clues from a host of central banks to wear policies going to shift. those low as we wait for news to come through. aren t expected to move very far very quickly today. first day of the two-day meeting of the fed will hold. stocksght we saw u.s. touching new highs. technology and media stocks in the front line there. the commodities sector very interesting because we saw goldman sachs talking about this. they are talking about qualities over goldman s. energy will raise driven by oil. also, bitcoin is not taking demand away from
adobe. and we re off to the races without any real worry about last minute status of darn tax bill which is looking more and more likely that it will become law next thing you know, the dow rockets 143 points nasdaq, .9%. nasdaq pole vaults up 1.17%. it is easy, isn t it look, we don t even know what is going to happen in washington. but as i told you last night, we re in the torpedos full speed ahead moment i am telling you, it s underrated by everybody. corporate earnings witness the pin action from costco and adobe so while the specter of washington haunts the market bad, they can t stop the averages from going higher will it continue since earnings are really in charge here despite you think it may be the tax cut, i went over the last day cut it, raise it it doesn t matter. what matters is earnings let s go right to next week s game plan. the big competition in stocks is bonds. let me put this scene setter here obviously on monday we want to see what happens to that tax b
scarlet: speaking of next year, reporters considered the future of investing. the availability of stocks to choose from to go long or short. realized whyhave should i pay for an active manager that is not beating the market? scarlet: while investors, ceos, and policymakers share their insights on the here and now. dealing with the technology shift is much easier than a business model shift. imf or believer in trade. i am a fair believer in trade. trade is good for both parties. we are beginning to see a return to stable markets. scarlet: it is all straight ahead on bloomberg best. scarlet: hello and welcome. i am scarlet fu. this is bloomberg best, your weekly review of the most important business news analysis and interviews from bloomberg television around the world. the week began with a big step for bitcoin as traders were able to buy and sell futures for the first time on sunday night. bitcoin has landed on wall street, literally with a bang. futures on t