As the action ultimately turned negative today down. S p declining. 80 and believe it tech and 234nasdaq plunging 1. 6. This month the market is led by the covid winners, the names that do fine when the economy is frozen those are not the stocks that lead us higher when times are good but as we saw today, covid plays could lead lower when the economy is improving are we finally emerging from the trough lets consider the case here first, you need to know. Were in a dangerous place its dangerous to be where we are because you can never tell if the economy is really at an Inflection Point until after and even if it is, covid stocks make up the average and drag down everything were now in the third day of this rotation with the Fastest Growing covid winners, industrials, travelers, retail these groups struggled to find their footing because they are covid losers but now in the morning today but the last two days, they are on fire i mean, did they give up the ghost at the end of the day . I
Close in 2020. Big day yesterday. Autonomous chaos meanwhile. Seattle looking to dismantle the capitol hill occupied protests as new one pops up in washington, d. C. Plus, back to the ball game, Major League Baseball looks to assure season this year but the players still need to get on board. More on sports talk, stay with us next hour tennis pro joining me live to talk about future of u. S. Open and new bourbon venture. We will talk with one ceo who kept employees on the payroll and bringing new ones on, mornings with maria is live right now. Maria european markets are seeing uptick this morning. The ftse 100 up 65, cac quarante in paris up 72 and dax index in germany high by 76. In asia green across the board. The japanese nikkei average overnight up half of 1 . Now the top stories that we are watching this morning. Major unrest on nations capitol as protestors attempt to create what they are calling a black house autonomous zone right outside of the white house with large garbage ca
But a new target seems to be its retail customers. First, to our top story. That is last year, tim cook stunned investors when my company readjusted its forecast due to struggles in china. What a difference a year makes. Official Government Data shows the apple smartphone shipments in china grew 19 yearoveryear in december. That marked a big jump from previous months. It is particularly remarkable when shipments of phones of all brands were down 14 in the same period in china. For more, i want to bring in our reporter. Are you surprised by the amount of bullishness we have on apple and the iphone shipments in china . Certainly in china, that number is a surprise. Engine broad bush push in china to have consumers by phones instead of iphones. Has of the trade tension come down in recent months. Maybe that has something to do with it. I think more to the point, a device like the iphone 11 is a little cheaper, the battery life is very long. The photos you can take are better than the prev
For sirera iara eisen. What recession a better than expected jobs report started the morning with an optimistic tone china says it has reached a consensus with the u. S. In this weeks trade talks and exxon ticking higher along with industrials and financials. And in just a few minutes, the actor who plays logan roy on hbos secession will join us on the cutthroat world of media competition. Hes going to be right here at post 9 joining us for the hour is kara fineman. Here we are sitting basically at the highs of the session i found it really interesting that yesterday the markets got pretty derailed by worries that the trade talks werent going so well today we have an agreement of principle and we really didnt move so much we have that other data out today, so its hard to really parse what to me, this kind of day seemed pretty goldilocks. You had a really good jobs number in the morning, right you had progress on china. Although ive got to say, im skeptical on every update that we get a
In the markets, we are seeing equities a little bit softer across the board. S p features down by about 0. 2 . Tech leading the declines lower in europe. Dollar seeing a stronger ish. Been about the reversal of the trends. Will that continue, or is today just a pause in this new shift in paradigm, as you have yields up by about one basis point . Time now for global exchange, where we bring you todays market moving news from all around the world. Soining us now is bloomberg and the karen bloombergs enda curran and michael mckee. An joins us from hong kong. Removed theave quota you need on stocks and bonds to buy in china. It is not necessarily going to be an immediate game changer. This is all about the narrative around china gradually opening up and trying to get the yuan used more globally. At the same time, it is an example of how china is incrementally littering on some of its pledges. Global message to the Financial Markets them china is open for business, and this would certainly