Good morning, everyone, the rise and rise of bitcoin continues since it easy to invest in etfs arrived, its gone straight up, today a new record high, 72000, it hit that mark, now its at 719. The having takes place next month, the supply of bitcoin and investors like you, new highs for bitcoin, round the subject of record look at gold getting close to 2000, 200 an ounce, how about that, bitcoin and gold leading the market this monday morning, as further the dow industrials down about 160 points of the opening bell, s p done 20, nasdaq and 95 take a look at nvidia, it is down this morning five hoppers on friday and down another 1 as of this monday, Interest Rates are steep but lower levels the yield on the ten year moving up a bit 4. 08 , the twoyear is now under 4. 5 . It just ticked about 4. 5 , 451 right now. Politics, biden apologizes to the undocumented community for using the word illegal to describe the alleged killer of lake and brightly, he went on to suggest that the migrants
Thank you. Did you see how i perked up, great stuff. Thank you so much. Im Ashley Webster in for liz claman. We begin with the fox market alert stocks mostly lowered to kick off the week. The s p 500 and the nasdaq extending last weeks decline really the market treading wa water, theyre down reversing course up 40 points or there about coming off the worst week since october, the s p 500 and nasdaq also went off the lows of the session of the sour but still on pace to post the backtoback losses. Investors are cautious ahead of key inflation data this week we have cpi tomorrow, ppi on thursday and as we know those are two important measures that the fed will watch very closely as it decides what to do with rates, lets talk about nvidia also under pressure after posting the biggest oneday loss since may that was on friday shares are up 75 this year. Nvidia leading the way in the a. I. World nvidia in the magnificent seven as well, j. P. Morgan today downplaying concerns over a bubble in
And the nasdaq tumbled 1. 05 , you need to understand this is a redistribution its not a bet on the future, its a wager that some earnings estimates are going higher while others just stay the same and judging by the intraday reversal, investors are starting to realize that we may be a little too enthusiastic about stocks in general. Even if some do deserve to be higher because of changes that are going to be made to taxes in this country today truly brought a bifurcation in stocks. The action was 100 about tax reform Domestic Companies get a big cut while more internationallyoriented Companies Like most of tech see much less of a benefit sure they can repatriate capital from overseas at a better rate, but the real benefits here are for the purely domestic players. Its Like Congress has waved the magic and with and every cable company, railroad, retailer, restaurant as well as a smattering of industrials that have great u. S. Exposure and that has radically raised earnings for 2018. No
A group of students who survived that School Shooting are on a 400 mile state trip to the capital to pressure lawmakers to change gun control laws. They plan to hold a rally and it will mark one week since that mass shooting in parkland, florida. A londonbased lawyer, alex van der zwaan, admitted he misled investigators about the last time he spoke with rick gates, a former associate of asked Trump Campaign chairman, paul manafort. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti. This is bloomberg. Bloomberg technology is next. Emily i am emily chang and this is Bloomberg Technology. Russian bots take on u. S. Gun control. Butia is in during it Twitter Campaign against america. Plus, walmart margins hit record lows. How investors are reacting. A potential gold mine for advertisers looking to cash in on the newest era of connected cars. But first, to our lead. Russian bots were caught following certain hashtag
Four executives calling their moves, quote, grandstanding. Weve got all the business bases covered for you. Congressman rodry davis sits on house transportation and Infrastructure Committee and jay timmons is the president of the National Association of manufacturers, theyre here on why this new executive order might be long overdue, and whether it really will fast track projects . Plus the white supremacist neonazi weekend protests in virginia reigniting the debate over hightechs responsibility to protect free speech but weed out bad actors. Niko malay of media and Public Policy on the new and dangerous frontier. On wall street, yesterdays best day of the summer, a distant memory as stocks struggled to stay above water. Above the 22,000 line by five measly points. Were watching it for you. Apple hitting a fresh high and dicks stumbled on the earnings warning track. Were less than an hour to the closing bell. Lets start the countdown. So as we mentioned, we are waiting on President Tru