Is falling, so does the s p. Caroline Second Quarter is beating on an adjusted earnings per share basis. Revenue, also a beat. The chipmaker is accelerating the product transition, they say. Revenue, 75lyear million dollars. We are managing to get some clarity from businesses in terms of forwardlooking guidance. Romaine hersheys was one of the big over today, up 6 . Even if the guidance does not necessarily meet expectations, the idea that they have some clarity definitely emboldens some folks. Of course, intel right now down about 4 . A lot of folks looking deeper into these numbers and apparently you are as well. Taylor key headline, that they will be accelerating the product transition. That is what they need to do to remain competitive against amd. I know that analysts, particular where looking to see how you maintain that competitiveness. A lot that could be within that 10 nanometer product transition. We also know that apple has been announcing their own chips, potentially hurtin
Years before resigning to join the trump justice department. He was forced out after his refusal from investigating russian meddling in the 2016 election. That is our first word news. Im Mark Crumpton. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 1 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. Here are the top stories we are following from around the world. Schools across the United States prepare for students to return in some form in the fall. Ill be speaking with authority else goes in garcia, the president of the National Education association, representing 3 million Public Education professionals. We will also be speaking with 2u inc. s chip pot check. Position be taking a on how to stop the administration from enforcing those visa rules that would Bar International students. Also discussing the ramifications of colleges going online. Shares of ncino surging today, 71. The ipo was priced at 31. I will speak with the companys ceo about its
Only in credit, investment grade, high yield. That you go to the dow, which has typically been the laggard. Some of the big winners, caterpillar, home depot, boeing, classic industrial procyclical trade that our guest was referring to earlier. To more, i want to go back our guest from market field asset management. How do you make days like today when everything is positive, it seems like we are in the all clear, yet we know that might not be the case. Curious on days like today how much of this comes from a procyclical trade overseas in china relative to perhaps any optimism here in the u. S. Chinas stock has been on a tear. Ish of that you think filtering back through sentiment here in the u. S. Not that much. Today came after yesterday. We started off in the morning and fell like a rock in the afternoon. I dont actually think people are paying that much attention to china yet. I think they will be. I think the easy money to be made this year has been on technology, on stayathome, wo
Or the rest of the world. With Earnings Seasons coming up and a few key Economic Data points later this month, how confident are you in the economic recovery . Great setink we had a of economic figures really since midmay through june when the reopening story was gaining the most momentum. Reports,o great jobs pmi, sales, housing data, all to the upside. Economic price indices we follow are in the u. S. Now at alltime highs. That being said, i think we may have a time of slowing in perhaps in the weeks ahead as Economic Data plays catchup with what we are seeing in the country with a slower reopening broadly. So the job state of this past month captured the time from midmay to midjune. The next jobs report will capture midjune to mid july, when we started seeing thoses likes and those spikes and a pause in the reopening. As you mentioned, we also had earnings starting in earnest next week july 15. From an earnings perspective for two to we are seeing downward for q2, we are seeing a do
Million, representing more than a quarter of all cases globally. I want to bring in our Bloomberg Markets reporter, who has been on top of all of this action. What did you notice today, with more record highs it is the usual suspects that continue to lead the way. A story of tech outperformance again. Boarde higher across the when it comes to major averages, but the outperformance came from the nasdaq. A record high. It was up by more than 1. 5 . I want to highlight that even though tech stocks and stocks wasdly were higher, so gold. It has been the highest since 2011. 1800 an ounce. That creates safer assets. The tone is not all risk on. The tech has been a safety trade. They are benefiting from a world staying at home. Todays session was the largest of the large that were leading the way. Apple, amazon, facebook, all contributing the most to todays rally and all four of them closing at record highs today. From a valuation perspective, how overvalued does the tech market look . We are