Heading our way in an hour and crude inventories not long after that new record at the open but the selloff for tech stocks continues to weigh on the nasdaq and s p. Jack ma, the push to brick and mortar and why jeff bezos struggled in the Chinese Market. A turning point for snap, a key 2018 outlook upgrade shares are up in the premarket. Futures are pointing to a higher open after the record setting day for the dow and s p offset by the sell offin Technology Microsoft and amazon had the biggest impact on the nasdaq and optimism surrounding tax reform. We did manage to get the vote in the house to go to conference with a little bit of drama last night. Jim, you said the reversal yesterday, doesnt bode well well, look, i was doing my show and you posted a little squib about reversal and i did not realize how serious reversal was obviously its more serious for the but i find reversals catch people out of position when youre out of position, you scramble and start reaching for things you
Characters in a bid to have wider debate. Kathleen i dont care how many twitter characters you have come it would take a massive tweet to tweet out so much in Janet Yellens speech today. When you look at the citations, the charts, 20,000 pages. I think she had one message, the fed is going to hike again, even if inflation is below target. Yvonne pretty much. I wonder what the president thinks about that twitter development. But then again, you mentioned about janet yellen. She is onopart a twopart mission, normalizing the Balance Sheet. We saw the market move on this, futures up to 70 for december. Kathleen lets look at what the stock market it, rather muted, but everyone digesting what janet yellen said. You have the dow closed flat. 22,284. 0. 2 of500 gained about a point. The nasdaq up nine points to 6,380. Yvonne big movers were in the bond market, yields heading higher and the dollar. Lets see how things are faring in new zealand. Just getting underway in the last hour two hours,
Of financial sanctions passed congress with overwhelming support. Moscow hason says ordered a reduction in the number of u. S. Implements in russia. Im Alisa Parenti in bloomberg. Bloomberg technology, continues. Emily im emily chang and this is bloomberg technology. Cash stashapple continues to grow after a strong Third Quarter that beat revenue. That is before the launch of its anticipated iphone. I talked to tim cook about the quarter and his thoughts, coming up. Plus, sprint continues its quest for the right partner, and wall street may be buying in. They posted their first profit in three years, despite a Second Straight Quarter of subscriber losses. Ambitions. Rdware a device to bring their 2 billion friends even closer together using ai and a standalone speaker to challenge amazon and google are in the pipeline. We will discuss the Major Products from the lab. First, apple surpassing 1. 2 billion iphones eversole. Shares are popping in after hours trading. Thirdquarter revenue o
Of financial sanctions passed congress with overwhelming support. Moscow hason says ordered a reduction in the number of u. S. Implements in russia. Im Alisa Parenti in bloomberg. Bloomberg technology, continues. Emily im emily chang and this is bloomberg technology. Cash stashapple continues to grow after a strong Third Quarter that beat revenue. That is before the launch of its anticipated iphone. I talked to tim cook about the quarter and his thoughts, coming up. Plus, sprint continues its quest for the right partner, and wall street may be buying in. They posted their first profit in three years, despite a Second Straight Quarter of subscriber losses. Ambitions. Rdware a device to bring their 2 billion friends even closer together using ai and a standalone speaker to challenge amazon and google are in the pipeline. We will discuss the Major Products from the lab. First, apple surpassing 1. 2 billion iphones eversole. Shares are popping in after hours trading. Thirdquarter revenue o
Going at the moment. Off by 1 . Its all about the meeting between opec and their allies as to whether they can start to restrain supplies. Its time for your morning brief and a look ahead at the week. Nonopec members will discuss compliance with production cuts. Disney out after the close on tuesday. On wednesday, south african faces at Jacob Zuma Vote of noconfidence. Friday is u. S. Cpi data. The markets will be paying the most attention to those numbers on the heels of strong jobs numbers last friday in a continuing question of why we arent seeing more inflation. As you can see from this chart, the cost of protection inflation is largely down so far. Markets, two bond market tightens, black mark and blackrock and vanguard journey me now is paul richard. Welcome back to the program. Answer this quandary. Where is inflation . Shouldnt it be higher given all the other phenomena . Is hiding somewhere. I think vanguard and blackrock are right. It is coming. We just dont know when. You ca