Lose a key vote in the house of lords. Good morning. This is bloomberg surveillance. We have a packed show. Theres quite a lot of movement on the markets. This is a picture for your data. We are getting eurozone manufacturing pmi. This is for the month of february. They are rising to 55. 4. Anything above 50 means they are expanding, but it is a slight miss compared to what economists had been expecting. Im looking at euro. We are seeing a little pressure on euro. We have a market expert to give us all his thoughts on whether it is linked to some of the political turmoil we may see in france. Eurozone manufacturing pmi, 55. 4 for february. Onto your markets and without a doubt, everyone is looking at , hisdonald trump has said softer tone masking a little bit of difficulty for his agenda in congress. This is what investors are trying to look at. They are looking at donald trump, but they are really looking at the wirp function on the bloomberg terminal. Were looking at fed moves. The g
Markets and new polls and an interest editorial in the uk and jack ma takes the stage at alibabas investor meeting in china gives an upbeat view for the year ahead. Stocks trying to recover from the first three session losing streak in almost a month. A lot of cross currents. The german 10year, it finally got there. Yeah. I mean look, when i read the commentary about the eu, germany, brexit, its almost like youre starting to think like are these people really thinking its september 1, 1938, talking about munich and chamberlain going there and not being stiffed by the fascist. The commentary is outramgs you and insane and inflamed. Its about the eu, about a country that could leave the eu. Its about not knowing what will happen after. Its about safety everywhere. But its about something im not saying im an american first here and that this is 1938 and the u. S. And roosevelt sends a letter to chamberlain maybe this thing and talk to hitler listen i think maybe this is a out of control.
Lets put on the fang trade. I think each of these companies specifically scott had something idiosyncratic and important an its own road map that sparked interest beyond just the last 90 days. Doc, facebook crushed it. Alphabet, mobile search driving. Amazon, the obvious thing, plus the cloud. These are not small revenue numbers were talking about here, judge. When looking at alphabet or google, up 25 year over year, the revenue side. This is a huge amount of revenue. This isnt like, you know, some of the stocks we talk about that, oh, it was 100 million and they beat by 1. 2 million dollars. No. These are in the billions. This is like appleesque kinds of numbers, and as people come on the air and like to say, the law of large numbers says they cant keep doing yes, they can, and yes, they did. And take a look at amazon. One important point on that, jon. We used to talk about these names, reverently, we would say, these are the companies that are going to figure out the future, and you
No word yet on whether she plans to turn herself in. Secretary of state kerry and Russian Foreign minister lavrov will meet in geneva to discuss a possible syria deal. Russia is a key ally of alassad andhar the u. S. Supports rebels trying to overthrow the syrian president. The International Olympic he is promising all cooperation with brazilian authorities a ticket scalping investigation targeting one of its top executives. Irelands Olympic Committee chief is one of 10 people charged. The openingmissed of the paralympics in rio, where police plan to interview him. Global news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. I mark crumpton. This is bloomberg. Bloomberg west is next. I am emily chang and this is bloomberg west. Apple unveils the iphone 7 and a revamped watch. Will the operate night sales growth new lineup reignite sales growth . For 4sells to tpg billion as intel sharpens its focus on a leaner data center business. Hp enterprise
And fed chair janet yellen said caution and rising rates is warranted raising rates, i should say and take a look at the riskon moves. Biotech and small caps seeing huge gains on the day so with free money seemingly now forever, what do you do with your portfolio now. Tim, why dont you kick it off. Mere mortals dont mess with Central Banks, thats the message and what janet yellen said not only are we worried about whats going on around the world we might be worried about u. S. Corporate profits, good idea and were worried about that as well and when you get down to it the pressure that comes off the dollar, brian has an interesting chart later hon in the show and things that were sold off on the back of a strong dollar, and i would argue that started back in july of 2014. They are things that can continue to rally, but, im not someone thats saying you should chase into this rally right here. In fact, i think weve had a 14 run off the floor on the s p. Not advocating jumping in and buyi