Were always keeping an eye on tech. For example, apple share, can they stem what has been a sevenday slide . Chip stocks, though, continue to outperform. And the other big story, that weight loss boom and novo nordisk overtakes the market. Market reaction to the jobs number, not just the headline and the unemployment at 3. 9 but revisions taking about a third away the last couple of months. I think those of us who are used to the precision of Artificial Intelligence and generative a. I. Are just in shock that there could be a number thats this far off. This is the kind of thing that jensen huang could solve with his eyes closed. Why its so important, this takes away what was the hot number that made us a great threat and took away a spring rate cut. 3. 9. We know they remind me of the dow jones average. Very interesting headline, but its not really whats at the guts of this, but in a political year, what that says is, hey, look, the economy is slowing and maybe the fed should have pres
More and more analysts are becoming believers with these levels, should you join them . Well trade that stock coming up. We begin with two big tech topics steve kovac covering Apple Earnings and ayeamon javers in washington we have a historic case wrapping up steve, lets start with you. Reporter yeah, leslie, we have Apple Earnings coming at 4 30 p. M. Eastern. The real, top thing were looking at here is what does it look like over there in china . Were expecting overall revenue to be down about more than 4. 5 . A large part of that is because of these stung lruggles weve sn apple go through in china. Sales for iphones down 13 in the september quarter, and since then, loads of data showing iphone sales have been down as much as 19 . We see other rivals like huawei grow significantly huge competition there by the way, a lot of that data has caused some analysts to trim their estimates for the june quarter in addition to this disappointment theyre expecting in the Current Quarter the que
Doing which. And speaking of the consumer, the high end mostly holding up so far so good thats good news for taylor made, the company taking a big swing at athleisure. But we begin with todays markets and dom chu with the numbers. Its wait and see and you might suspect on a fed Rate Decision we are seeing a mixed market, but its fractional moves and not dramatically so one way or the other. Dow outpacing the broader market, up 93 points 37,908 the s p 500 down 16 points, about 1 3 of 1 . Even at the highs, we were down a modest three points and 22 at the lows so a wait and see type trading rake the nasdaq, 66 points to the downside for the nasdaq composite. 15,591 heres the current state of play for the macro market as we head into the big rate announcement later on, the twoyear note still above the 5 mark the tenyear note yield, 4. 655 there. Comex gold up to 2313 and bitcoin down below the 58,000 mark, down 4. 5 . And then the big cap tech trade, very much about earnings and the s p
Found both flight recorders from a crashed russian airliner. They continue to look for other debris and the remains of the 71 people on board. The passenger jet crashed sunday not long after taking off in moscow. Russian investigators say it was not terrorism. Global news 20 for hours a day powered by more than 2700 journalists and analysts in 120 countries. I am mark crumpton. This is bloomberg. Vonnie it is noon in new york and 5 00 p. M. In london and 1 00 a. M. In hong kong. I am vonnie quinn. Julie and i am julie hyman in for shery ahn. Welcome to Bloomberg Markets. Vonnie from bloomberg World Headquarters in new york, hero the top stories on the bloomberg and from around the world that we are following. Quite are hanging onto substantial gains as treasury turns lower and yields higher after the worst week in two years for u. S. Equities. Rebuilding bridges, roads, airports. President donald trump releases details from his longawaited infrastructure plan, promising at least 1. 5 t
President s 4. 4 trillion budget plan at at Senate Committee hearing. Wheel top intel officials including fbi director chrisway were talking tough over a hearing over alleged agency bias. And background check of rob porter. This as the Senate Immigration debate is struggling to get off the ground with only eight Business Days left to find a solution for daca. President trump warning there wont be another opportunity like this. But the president managing to bring both sides of the aisle together around the table for an open discussion on trade which were all able to see. Were covering it all for you, with an allstar panel. Guests this hour include alabama congressman mo brooks, Louie Gohmert of texas, the hills editorinchief, bob cusack and Lieutenant Colonel oliver north. He will talk about north koreas olympic charade. Melissa back to the markets. The dow closing higher for the third day in a row but it didnt start off that day this morning. Go straight to Nicole Petallides on the flo