We take a look at what a hard brexit might look like. President trumps political future among the topics front at center at bloombergs forum in new york. When you added together, i think what it leads to is not a recession, but a slow down growth globally, which is what we are experiencing. Carol more on that ahead. First up, here is editor joel weber on this weeks cover story. This is one of the hallmarks of businessweek, these strategy stories that we sometimes do. It is a look at how mcdonalds has been thriving for the past five years or so. Share price keeps going up under the ceo. In the past six months, he has really doubled down on tech. Carol that is something that i did not realize. He has made a bunch of acquisitions in ai, Voice Recognition technologies. Earlier this month was his latest. What we are seeing is mcdonalds transitioning from being a Fast Food Company to looking more and more like a tech company. There are cameras at drivethrough that can scan your license plate
Happen sooner than anyone thinks. Progress on a deal with japan. A limited agreement signed after washington withdrew the threat of imminent auto tariffs. The threat of impeachment hangs over the president. He releases the ukraine transcript which you thought had been cleared by the mueller report. Be hearing from plenty of big names from the Bloomberg Global Business Forum including michael corbat, steve schwarzman, and colombian president. Lets get a check of how markets are trading at the moment. We are seeing futures gaining. 3 after they had fallen towards that 56 a barrel level. We heard from saudi arabia that they are going to be ahead of schedule. The drone attacks on saudi arabia and facilities taking out 5 of global supply. We are seeing futures unchanged at the moment after the s p 500 ,ained ground on this session halting three sessions of declines. We saw optimism over trade deals. President trump being more positive over eight potential a potential trade deal with china,
House. Power lunch starts right now welcome everybody to power lunch. When i buy, it is the peak when i sell it is the bottom. Thats my life story stocks, they are down this hour. The dow and s p 500 both on trek for a second straight down week, but the nasdaq is on pace to finish the week higher watch the bond market, folks yields on the twoyear treasury note hitting the beginning of the financial crisis a 1. 71 . Check out the etf that tracks energy we are on pace now for the first week in more than a year big moves in retail to tell you about. Abercrombie fitch up 25 on earnings ross is up 10 footlocker up 25 on its earnings more on that ahead the death of retail may be exaggerated. Were watching apple, the tech giant delaying a key launch of a crucial holiday product. More on this coming up melissa . Ty, im melissa lee twentyfirst century fox is reporting that verizon is also reported in acquiring them disney was interested in buying assets now it is at 30 and changeup by 3. 7 . Ve
Points are we seeing signs of a top well break down head winds. We have a 6 billion chip acquisition to tell you about this morning and what it means for other potential deals as well. And retailers gearing up for black friday but walmart gets slapped with a downgrade over at goldman today. We have the latest on the Retail Sector as we begin an abbreviated trading week due to the thanksgiving holiday, the dow and s p east in the midst of a twoweek losing streak na nasdaq coming off the Third Session and bit coin surges past the 8,000 mark over the weekend. I think the high 8101. 91 theres discussion whether or not it can hit 10k. I was thinking about zimbabwe, whoever has money may want to go to bitcoin. A chinese crackdown, they go to bitcoin. Venezuela, natural bitcoin because its defaulting on everything when you see defaults and people realize currency may be devalued, bit coin seems to be a Good Alternative jack dorsey this weekend disagreeing with sara fryer, the cfo of square. S
A rally that gives building as the day goes on. Which has been a leader all day long, it is now better than 1 . 5 . Dow and as the snp it is commodities given. Driven. Todayals are also rising as the price of underlying commodities are going higher and technology and industrials contributing to gains. A pretty broadbased in utilities. Utilities are the only down right now. Lets take a look at the underlying commodities. You heard Daniel Juergens 50 forecast. Your hearing more strategists come out and raise their forecast for oil. Goldman sachs, they have the latest. The oil is going to a deficit sooner then they had predicted. Now 47 67 a barrel. As bigures not seeing again, but we will see inflows into gold. Lets look at copper. Gold is the best performer in the s p 500. It is raised to a 15 over cap one. Analysts are saying the company will make more moves to the. Ight side of the Balance Sheet those moves are coming soon. It has already been paring down its assets. An apple is a par