Great to see you. Thanks for having me ted line as you go from 34. 50 to 35. 25 its on the back of what you have coined the epicenter stocks why today to raise your target i think were nearing a really important level a lot of guys are saying this is a sign of a renewed bull market. I think we should be constructive on an all time break out. I think the upside, which is why were raising our target will come from the epicenter. These go back to their february highs. That adds 150 points to the market add to that to are we are today and that gets 35. 25. You said today was going to be the day for this. What you coined monsterous rally. Theres no real indication, tom, that growth is ready to give up its leadership role, is there . No. People have been successful sticking with the Growth Stocks. I think it will tough to give that up plus they are still cheap against bond proxies the epicenter, these companies have rationalized costs. They are making this at 30 of their sales. We get a reco
A personal level and i was unable to live there much im going to. Want to know their story to my great stirrer fighting country local information for margarets. Chinese own ticktock pulls it out from hong kong can a social media sensation escape the crossfire as the rivalry between china and the us. Also on the show and new developments in the facebook ad caught will talk to us from our new York Financial correspondent. And we follow the fortunes of a Migrant Worker in germany was caught up in the largest outbreak of covert 19 in the country so far. Hello and welcome to the show im Stephen Beardsley and this is your Business Update to talk has moved its app from hong kong joining other Tech Companies that are seeking to protect users there from china strict new security law a social media sensation is owned by a Chinese Company and is now in the crosshairs of the u. S. Government secretary of state mike pump aoe even said tuesday that banning the app in the u. S. Is a possibility. Whil
They align with the current nationwide campaign for police reform. And he goes a step further on the, police accountability. It works to to certify officers for serious misconduct. Right now california doesnt have that in place. His recommendations come less than 24 hours after Police Unions put out a fullpage ad on sunday calling for Police Reforms and rooting out racist Police Officers. Unfortunately there is racism in our communities. The first step is to admit we have racist Police Officers working in our profession and how do we prevent them from going from department to department. It would basically list people that have gross misconduct whether it is racism, biases, just dont have the temperament to do the job so they dont go from agency to agency. He says that he appreciates the union speaking out and his recommendations are similar. He is urging local Law Enforcement agencies to adopt practices before sb 820 would require them to maintain those policies pick lets see if we ca
Results. Julia ba Julia Boorstin is in los angeles and very volatile in the afterhours session. Melissa, great to have you back netflix adding 15. 7 million subscribers and thats about double what analysts expected. The company also forecasting the addition of 7. 5 million subscribers in the Second Quarter and thats more than 3 million more than analyst predictions for that Ceo Reed Hastings saying there are three main effects of coronavirus. In addition to subscriber growth temporarily accelerating due to home confinement and he says that International Revenue will be lower than previous forecast due to the dollars sharp rise and he also says due to production shutdowns and spending on contact will be delayed. Hastings also expects viewing to decline and subscriber growths it decelerate as home confinement ends and as for the impact of netflix does expect some delays and they do expect secondquarter content to be modestly impacted. Since we have a Large Library with thousands of title
The kospi back online after being shut yesterday. We know that president moon securing a big win, capitalizing on success and containing the pandemic. 100 taste 103 seats in parliament, ending a bull market yesterday. Ahead of the earnings later today, the first earnings since the pandemic started. So a gauge of how the Tech Industry is doing. Lets flip the page and take a look at currencies right now. The dollar index up, surging the most in weeks. Weaker today. A question of why that haven like the yen is currently down. On risk aversion and the plunge and ore prices adding to the conscience. Today, almostbers 6000 jobs created. Expectations were for a drop of 30,000. Parttime jobs pretty much responsible for the jobs added. One. Ooking at the rishaad data from the u. S. , retail sales and production numbers not for the faint hearted, cratering in march. Saying businesses are increasingly concerned about even weaker conditions ahead. Kathleen hays has been looking at wall all these f