Darn stupid lately. Maybe President Trumps thrusts have thrown investors off their game. But im becoming increasingly aware information not being valued accurately day after day. Its a big factor in the rally. Dow up 8 points. S p back slid 0. 09 . Nasdaq declined 0. 08 which can only be regarded frankly as a successful consolidation of the recent run. Take last night. Take cisco, the giant networking equipment maker, morphing from a hardware to a software company. It reports revenues that look anemic, and the stock gets banged down instantly. Im sitting there, having done a ton of homework for tonights interview with the ceo, and i can see from the deferred revenues the real number, the real metric that matters in a software company, that its actually a much better than expected quarter, especially when you compare it to the previous one. Im aghast that once the stock does tick down, the journalists are out in full force. Theyre justifying debt klein in a selffulfilling miasma of repo
Were still in rarefied air at these levels with the market well above where it was right after the election, and yet i keep hearing about the day of reckoning thats coming. Im not sure about that day. However, i have to tell you when i look at whats happening with individual companies, not the overall market, i see a game plan next week that most likely will face its roughest test even as i doubt it will produce enough grift for the bears to get the kind of selloff theyre praying for. What makes me so concerned about next week . Retail. Next week the retailers report, and i think well blanche when we see these numbers, especially given their stocks have had a bit of a run going into these quarters. Lets start with two retailers we hear from on Tuesday Morning, home depot and macys. Their stocks have been on different trajectories. Home depot is ameteoroloong the retailers in the world but this stock has had a pattern. It runs hard into the quarter. Then it reports fabulous results and
A very good morning from me, today. Youre too tall today. Youre taller than me. Go down. I have to put mine up. Lets take a look at global markets. I dont like this at all. So he can get over his complex. U. S. Equity futures starting off the week here. Lets just show you, a shortened holiday trading week, four days ahead of good friday. Here we are starting on a higher note. Dow futures up 17 points, s p up almost 3 and nasdaq futures up about 6 points as for the treasury note, yeah, i story of lower yield. Buying of treasuries, well have more on that story this morning. But theyre taking the opposite way, potentially risk is back on. But the tenyear on friday did hit a low, 1. 26 it dipped below 1. 23. That was more for geopolitical concerns buying of sa safe have than reaction to syria. Also that reaction to the jobs report and that was a big headline miss in terms of payrolls even though the Unemployment Rate of 4. 5 is the lowest since 2007. And to the note on that topic, saying t
Airstrikes inside aleppo. It could allow civilians to escape to safer zones. In the meantime, the u. S. Will relay satellite images from rebelhelp parts of aleppo showing damage believed to because by airstrikes. Emily i am emily chang and this is the newly named Bloomberg Technology. Tech is global and so are we. Were bringing you the stories that matter most from San Francisco to shenzhen, tel aviv, and more. We would like to and but you to Bloomberg Technology and say farewell to bloomberg west. It is been one year since jack dorsey returned to the helm at twitter. He is one of bloombergs biggest shareholders. Chris sacca tells us what he thinks of the right hell ares prospect ride hailers prospects in and i feel. In an ipo. First to our lead. It is one year since jack dorsey came back to twitter as ceo. Twitter shares are nearly 12 below where they were a year ago and investors fear check mercy may not deliver on the turnaround he needs. Disney and google have been cited as entrust
Particular vehicle will take flight. Tests expected to be anything but routine, as this feature is supposed to save future passengers on board the new shepherd, if, in fact, the vehicle fails during its climb to space. Another part of the i think were getting a 90second delay, but its another comment. Sara eisen is with me here on post 9. Its about commercial interests in space and how that coupled with technology, commerce is moving all of this into a completely new era. Right. So, blue origin is the private space Flight Company of jeff baseo bezos, which he likes to talk about and wrote about this shepherd launch in a recent blog post. Its a safety test, as you mentioned. There is no crew on board. And its a question as to whether this works, of course. You mentioned four successful suborbital test flights, this particular new shepherd. And if this one succeeds, he does say they will retire it. It will have deserved its retirement. So, apparently, after 45 seconds of flight, when its