In japan and india in the u. S. Hope for moderate fed leadership mr. Powell and the arrival of a tax bill. Here in the United States, stocks also opened at historic highs. It helps tech had a monstrous month in okay. S p up 2. 3 october. Its all lopsided gains, though. Technology was up nearly 8 and its worse than that really five stocks are most of the gain, facebook, amazon, apple, google, microsoft accounted for half of the 2. 3 gain without these five stocks, s p would only be up about 1 . Sarah, thats the amazing thing about market cap weighted indexes. When the biggest names all of a sudden just move together, they move all of the indexes along. Without them s p would only be up about 1 . Sarah, back to you. That helps explain it bob, thank you for more on the markets, lets bring in our own mike santoli. Starting off november after the best month for stocks since back in february and it kicks off with another bang here. Interesting theres first of the month effect in some months.
Finance minister thomas is to reform the countrys pension system. Brazil is in its worst recession since the 1930s. Im mark crumpton. Bloomberg west is next. Brad im brad stone and for emily chang. This is bloomberg west. Coming up, apple drops a billion dollar, investing in one of ubers rivals. What this means for apples Current Mission and its relationship with the Chinese Government. Pods a stepic closer to becoming reality . We have the details. Tesla shifts reduction into ludicrous mode as ceo elon musk promises to deliver half a million cars by 2018. Can he get there . We will discuss. But first to our lead apple dropping 1 billion on ubers rival in china and its a big deal for several reasons. This is one of apples biggest deals ever, second only to its acquisition of beats in 2014. It also came in just teed of president of the company met tim cook only about a month ago. And it could be a public show of goodwill to the Chinese Government. We will discuss what edge this didi in
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