Close today . You can take microsoft first, and whether its a referendum on tech itself . I think microsoft could be. I believe that one of the things we have accepted is a way from apple i listened to the great report on jamf, the new ipo from carl and jon. You have apple news that its doing very well, and that was, and then microsoft, and then we have this chasm before a lot of other companies. We feel that kind of covers everything microsoft does a lot of stayathome microsoft has the lawsuit filed against thoem against slack but most important, microsofts azure has been growing endlessly and fabulously a lot of people think faster than Microsoft Web services. If that continues, i think the stock goes higher. Pete, if this report comes in well, people will say thats why all that money had flown into tech to begin with thats why the mark is where it is if this number doesnt come up to snuff, people will say i told you, these stocks went too far too fast, and microsoft is case study nu
Protesters call on President Trump to support their democracy drive. And Boris Johnson pushes ahead with his brexit campaign. Eu Officials Say talks in brussels have been farcical in useless. Kathleen lets look at how u. S. Stocks ended on friday. Mixed across the board. If you put it together, basically the stoxx ended st ocks ended up. The s p 500 gaining nearly 3 10 of 1 . Dowdow up 59 points and the the nasdaq down. There was the negative news for facebook. It was nevertheless all about , temporaryte jobs jobs. Less than 100,000 strong for government jobs. Hourly earnings, wages, at 3. 2 yearoveryear. At the end of the day, jay powell himself, the fed chair in his speech, said he is concerned about Global Developments and you can see stocks ending on the upside. Futures pointing to a gain in u. S. Stocks, but how are things looking in asia . Selina after u. S. Stocks barely eke dow gains on friday, were seeing the futures market point to a muted and mixed open here. Negative data o
Quickly. Kamala harris is rising fast. Can the frontrunner rise above the fray . All that and more on making money. Charles it could be the largest trade deal ever. Those words coming from President Trump as we close in on an agreement from but of course a lot of work remains to be done like dealing with huawei. Edward lawrence live from the white house with more. Edward . Reporter the president shocked many china experts that American Companies would be allowed to sell their technology back to huawei again. Huawei will stay on the entity list. What is going to happen the Commerce Department will add or issue temporary licenses to allow companies to sell their products to the telecommunications giant. A source close to the talks says this process already started. For example, google has one of the licenses. It can offer all of its products to huawei again. He is still going to be tougher on china and tougher on huawei than anyone else in history. Furthermore if you look at the substanc
Sold the qs which i find interesting. And last week you said that you are longer now than i you can remember so why did you trim alphabet i add significantly to alphabet in the 130s when all the genesis and noise came out and i thought it was a Short Term Impact and there was no there there. So i took the opportunity to really super ssize the position and now cutting it back to normal size. It is still one of high larger positions. But i dont think that it was prudent. So really risk manager and in terms of the qs, im short the qs as a heenlg because i have no idea what the Inflation Numbers will be. So i sold the position i had after eight days of market straight up, i would have sold them anyway. Because they are always a trade. They are just to express a near term view. So my near term view is just risk management. I have so much beta in the portfolio through the big names that i thought it was prudent to put a little hedge on it im thinking like you look at meta month to date, up 8
Later this week . Saudi arabia bombs the yo , a countrytal already in crisis. It is 8 00 a. M. Across the emirates. This is Bloomberg Markets middle east. I am Tracy Alloway in dubai. Stocks from tokyo to hong kong all trading down. Them as ci asiapacific index is in the green, but that masks underlying weakness in the tech stocks because of the u. S. People having time to digest the tax reform passed by the senate late friday and finding some unpleasant surprises, and that fed into u. S. Markets yesterday. At the s p 500. A roller coaster ride relatively speaking. It was up, then down, down by. 1 . Fang down 2. 1 , the biggest tech stocks. 10 year yields ticking up stillly, so that thesis intact. Bloomberg dollar index sliding. Lets look at the region. We did have some big middle east news. Ae markets have not had formerto react to the yemeni president s killing. There was a hope that qatar might see some developments when it comes to the blockade issue. Meanwhile, take a look at turk