Up financial loans looking to extend the lockdown to may. Germany announces plans to let small shops reopen next week translator what we have achieved is an interim success no more. No less. I emphasize that it is a frag ill interim success this is an emergency like no other. She warns we could get further economic weakness if this virus takes a double trip around the world. The fund saying asian growth will grind to a stand still this year a look at the european stock market we are now into the trading session. Weve warmed up. The market is in much of the green. What we saw was a reversal of fortunes to the tune of 3. 25 fairly decent selling for the german stock market. These markets also bouncing. Investors still weighing on very negative data. Youve got a glow from the United States to markets well weather retail pressure. The ftse in italy holding on to the strongest gains 2. 3 higher and down about 4. 8 pes recovering about half of that territory. The French Market 1. 1 weve been
This stock hitting a century mark thats right, a 100year high for this company any guess sns send it on the twitter feed we reveal the answer later on in the program. All right. All that ahead but we begin right here with what some are worrying could be ipos gone whiled wild check out the morpt moves in the the recently public named np beyond meat, smile direct, ub err. Up double digits this year np smile direct up 34 uber up 17 beyond meat up 5 a and were only 9 trading days into 2020. Now many of the names are still well off the alltime or ipo highs. So is the recent rally too far too fast and if so which, guy adami of those names, if with with you nicked one of the names shone would you say this is the most worst and ee egregious example of momentum gone amuck. The most momentum gone amok beyond meat is fascinating to me it went from 75 to current levels in a straight line. But also off the 240 level we saw in july. I dont know if necessarily run amok they are well off the highs to
One is economic confrontation and the other is expanding domestic Political Partnership just to bring you some gdp data from determine any, the economy there for 2019 has grown 0. 6 thats the weakest sings back in 2013 in 2018, that was 1. 5 the Public Sector Budget Surplus was 1. 5 of gdp. Thats fall evan significantly from the 2018 number which was 1. 9 the forecast in line, 0. 6 was the forecast those are numbers from the german office. This is all about export economy here in germany. We are seeing trade war Overall Economic slow down challenges when it comes to auto sales all weighing on those gdp numbers which forms the backbone of that heavily focused number my colleague is in frankfurt this morning and can provide more context annetta. Reporter actually, that is bang in line with what we were expecting for 2019 from germany. What you are saying, those factors are still there. The trade war is not going away. The structural changes are not going away the question is whether the
Expected to be signed tomorrow headlines injecting uncertainty on existing tariffs and after hittinga new alltime high, apple is now the biggest drag on the dow. Well have much more on why later in the show. We are up 50 points on the dow steve grasso with us for the full hour. Steve, todays session yo yoing. The bottom line though is the deal should be signed tomorrow and the rest of it we kind of knew. It seems like the market is looking for a reason to sell off. You have bulls that want a better entry point, bears that want to push it down and any headline that allows them to do that, theyre going to roll with its about china today i think its going to be about earnings coming up if you really look at where we are in the s p, the 3300 level is pivotal and if you look at earnings, if we fall short, the market will tank and thats a big word tank is a big word. Its a big worry when you say wheres the market going or where do i think its going, i think it will be legitimate to say a 7 t
Black friday discounts in france, dozens of anticapitalist and environmental activist staged sit ins outside amazons french headquarters northwest of paris. They blocked two depots before being cleared out by police. Protesters have blamed the online giant for the introduction of black friday in france. They say it contributes to hurting the planet. Global news 24 hours a day, on air and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Am ritika gupta this is bloomberg. Romaine 12 00 and new york, 5 00 in london. Live from bloomberg world headquarters, i am romaine bostick. Taylor i am taylor riggs. This is Bloomberg Markets the close. Romaine London Bridge under lockdown. U. K. Police say a man has been shot after a terrorist incident. A mixed message from germany. Unemployment falls on a national audi, but daimler joins and bmw in announcing big job cuts. And we announce how private equity players are beating warren on the deal front. All t