Power lunch starts right now good day welcome to power lunch lets get a check on the markets. The numbers are in the red all the averages are as investors try to digest mixed signals on the u. S. China trade talks but the indexes are off the lows the dow is down. The s p 500 call these numbers pretty flat except for the russell which is off about a half a percent we begin this hour with major deal news as Charles Scwab is in talks to buy Td Ameritrade could we be in for wave of deals that turn the disrupted back into disare you positive tors. For more on what led to the talks, let head to the New York Stock Exchange you have a combination of two big forces going on. First you have the synergy more importantly its about skill. Revenue per customer is dropping because commissions have gone do zero theres other reasons for this as well. The trend, for example, to low cost and a way from higher cost mutual funds and into etfs hurts anyone or collects revenue sharing from funds on their pla
Theyre probably going to settle around here. Next week. San francisco did dip to 55. I dont think theyll get throer than that. 62 is average for this time of year. The record high 76. Not that long ago 2005 and 41. 1983. The wind speeds are coming way down. 10 to 30. Thats the good news. Its still going to be an offshore direction for many here. An easterly or northerly component here. Coming off the Oakland Berkley hills and the big system is finally moving towards torrential rain. 1 to 3 of rain reported in and around there. 50s for a few including sfo and also for downtown San Francisco. Morgan hills. 30s in the santa cruise mountains and couper 6 02 sals here. Quiet or something new. Its okay. We do have a little bit of slow strafk traffic. I wanted to mention the traffic approaching the macarthur maze. Then you start the clock all over again. And we also see the south bay commute doing el w. Well talk about that a little bit this is interstate 880. 6 02 lets go back to the desk. T
Desk the bullish call on the machinery manufacturer why one says the environment is better than people think the Halftime Report begins right now. Even had time to put my name in there happy monday your Investment Committee today is joe, josh brown, stephen weiss. We have another very special guest with us on this monday lets begin with the markets and maybe the bold call by global cio scott minerd he says the s p 500 could rally another 15 this year. It could take the index just below 3500 that was take the dow to 31,000. Im only like 24 years old. Amazing you started when you were two. Youve been very right youre more of a bond guy. Why are you saying stocks can rally . We do more than stocks. We do macro also it also plays into each other here this rally, whether youre looking at bonds, stocks, high yield. Its all being driven by liquidsty. The central backs around the world have signalled they will step on the accelerator. They will dump a lot more money into the system. Everything
Second largest in california history. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im alisa parenti, this is bloomberg. Bloomberg technology with emily chang is next. Emily im emily chang and this is bloomberg technology. Coming up, well take a look at a big year in consumer tech. What worked, what did not and what is worth your money . Plus, we discussed facebooks role on the platform for clinical propaganda. Is the social network overstepping by helping controversy all World Leaders used the platform . Ham says the firm is a tech company at heart. Our exclusive interview. Advanceddeveloping an hard ponder. Is part of a broader push to turn what is a Luxury Fashion device into a serious medical device. 20 of the population will be using a wearable device by next year. That growth rate is slowing. Joining us from chicago, along with a bloomberg tech reporter who broke the story about apple. What exactly are they working on
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