That you were giving bad dad jokes in honor of fathers day i hope that you had a very good fathers day. I hope that mat did as well all the invites. We were waiting we had the drinks ready, the smores ready, the whole operation. Did i mess up your address or something . There was nothing at that location it was like. Its hard to find on google the google maps they send you a little bit of an awkward direction. Its the wrong address. Like the phone numbers that i used to try to get. Exactly must have written the number down wrong lets start with markets this morning. The major averages are coming off their fourth week of gains the last five weeks. This is something that we have been watching closely. If you have been watching the markets the dow is more than 10 from the all time high the nasdaq as joe mentioned was closed up for six sessions in a row on friday and the nasdaq at this point is less than 2 from its all time highs we are been watching these very closely. Theyre the only ind
Any moment. I want to bring in our Bloomberg Markets reporter, taylor riggs. Walk us through the equity markets. Pricing seemed to deteriorate toward the close. Taylor so much volatility today, on days you would typically see from earnings. Companies reporting like caterpillar, 3m, really thinking that the worst is not as bad as it seems. All of that, like you mentioned, really deteriorating into the close. A lot of that had to do with Consumer Confidence data, showing that levels are down to the lowest since 2014. The russell 2000, 1 of the bright spots in an otherwise pretty negative day. Continued talks about states separating from the federal government and trying to reopen on their own time, a lot of these smallcap stocks are the performers today as we continue to get these talks about reopening the economy. Crude is another big story we are following today. All over the place today. Positive, negative, positive territory. About 3 act ending up higher or so. You did have some nega
Good jobs number, decent ism bob pisani has more. We are starting to break the new narrative out there that were going to have a slowdown in 2020. Remember, the recession narrative have gone away, worries of three, four, five months ago, no more. Gdp is 1 to 2 now economic numbers are starting to suggest maybe the slowdown narrative is not a good narrative any more were taking the edge off the slowdown narrative thats why things are moving up. We not only have a strong jobs market, markedly strong revisions people werent anticipating then weak manufacturing. But new orders were generally good still 49, above expectations thats what youre looking for, new orders stock market is a discounting mechanism for future stream of earnings represented by the new orders ism not getting worse, thats the key. Heres what you need to think about. What will it take to move the market higher, another 5 to 10 . Three things very important. First off, see bond yields move up more. Good sign of modest ref
And three cameras. Details on those devices and more like the apple watch series five. And we get an exclusive check in with linkedin ceo. His thoughts on the Company Three years after microsoft acquired the website. We begin with one of our top stories this week. Wednesday thatd the ceo is taking a leave of absence for health reasons. Move alongse the with Quarterly Earnings a day earlier than results were scheduled to be released. Whatompany did not specify issues he faces or how long believe will be, but the executive chairman released a statement saying quote oracle an extremely capable ceo cfo and a deep team of executives with long tenure. We will cover marks responsibilities during his absence with support from the rest of our strong management team. Discuss, i spoke with a Bloomberg Intelligence Senior Analyst and our Global Executive editor tom giles. As far as believe, there have been signs that he may not be unwell. What was not expected was the announcement to come today. A
If not yesterday, what takes us there . Well, you know, to put it in context, end of last year, i thought we were well oversold. Recession fears were overdone at the end of the year. Our narrative has been a tale of two halves rally first half, selloff second half. Why . China trade and optics around it were a big reason for rally in the first half alongside the fed pivot towards a more dovish stance i think the fed, short of new qe into the end of the year has limited ammunition to prevent what i think is a normal cycle slowdown and i think the optics certainly around trade with china have deteriorated frankly, the reason why the yuan above 7 is so important is it shows that trade wars become currency wars if theyre prolonged and trade wars, by the way, are neither good nor are they easy to win keith, you seem to think that the next round of tariffs actually is going to have less of an impact, if i read you correctly, than the first round did, though Small Business has been struggling