Thinks peloton is not just a fad. That bullish sentiment coming up. First, we begin with a continued dominance of tech in the u. S. Market. Stocks upadmit, the 1. 7 , nasdaq up more than 1 . Is something bigger going on . It feels like 2019. This unstoppable rally keeps going. It does not feel like a relief rally, because yesterday after the signing of the trade deal, it was just the stocks that trumped 1 . The other averages posted average highs, s p 500 and dow. Typically a relief rally would come after a big selloff from the major averages. It feels a little bit more like perhaps the early stages of euphoria within the bubble paradigm. That starts with capitulation, then with dislocation into the economic face and then phase and then euphoria. Does that match the fundamentals . Trading at ant, greater than 20 times forward pe. As you note last year, earnings fell by double digits. They are expected to fall for the Fourth Quarter and the First Quarter of 2020. By the end of the year,
Some of the other Asset Classes are moving on a bit of news. Sterling falling, erasing the gains we saw for the currency before the general election. Going below 1. 31. The thai baht is one of the strongest currencies in this part of the world, Interest Rate. Bit later coming out Oil Inventory story, that is not the oil price but we have 60 or thereabouts. That is reflective of a growth in u. S. Inventory. Bitcoin, continuing to be there even though it is higher. A report says the cryptocurrency perhaps peaked two years ago and on top of that we have a lot of rivals out there. There is a crypto scam in china which is seeing unwinding of the action. That is where we are from these Asset Classes. What else is going on . Lets join su keenan. Japan and the latest economic data, japanese exports fell for a 12th straight month in november. Aat confirms little sign of pickup despite indications the slump in Global Manufacturing may have bottomed. The value of shipments abroad fell just under
Can netflix latest bet be enough to turn around the stock weve certainly seen Stranger Things it is friday, september 27 Worldwide Exchange starts now. Good morning, good afternoon, good evening im Brian Sullivan our motto is always, you can have your cake and eat it too. Some of this years moat notable ipos and performance since debuts smile direct down 44 . Lyft, and uper down, slack, down peloton is down. Not a pretty picture something well be talking about. More on that coming up that is just a small slice ofov overall market futures gaining steam. They are up 70 points. We say we are within 2 . We are the dow is 1. 8 from alltime highs. Eight of the dow 30 have hit one year, multiyear or alltime highs this month eight of 30 hitting that high in the bad month of september we are seeing a mixed trade in asia shanghai up, japan fell. 7 . Rosier in european markets europe kind of plugging along. They are gaining. 4,. 5. Now to the place that is driving the news that is driving stocks,
Likely to affect every sector of german life from manufacturing to housing and transportation meeting emissions targets will be a mammoth undertaking just look at that germanys Energy Sector is the countrys chief contributor to Greenhouse Gas emissions producing 311000000 tons a Manufacturing Sector is also high on the list with 196000000 tons of harmful emissions there followed closely by the transportation sector housing and Industrial Buildings as well as the Agricultural Sector so pretty much all industries crucial to our way of life simply producing too much Greenhouse Gas emissions something has got to give questionis what well for more im joined now by far my hes chief analyst at a solve a call and invest good to have you with us so germany needs to cut its levels of Greenhouse Gas emissions in half by 2030 who is going to pay for it. Well let me start with as one basic idea its a big risk the world in germany and europe is running was the Global Warming but the tosca is to make
This is not a bad thing. No, this is not the wrong thing to do. , but it isying that important to lower the rates to he alsoe growth mark says President Trump has toned down his rhetoric against mexicans. Were killed by afghan and International Coalition forces in afghanistan in the first half of this year than by the taliban and other militants, thats according to a new report from the united nations. Insurgents often hide amongst civilians. The report says one in three casualties was caused by Ground Combat and if it i roadside bombs. A fifth the by roadside bombs. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 in new york, 6 00 in london, 1 00 a. M. In hong kong. Im shery ahn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories on the bloomberg and around the world we are following. Knee deep in earning