Do you dunk the entire covid cohort or stick with it on a dow when the rose 183 and the nasdaq gained 1. 8 the reaction to zoom Video Communications after it reported a good quarter that wasnt quite good enough for wall street. This company practically sin none mouse with the new normal and look ban on 2020 as the year of zoom so when you see it down 15 its alarming. You got to wonder what that means for the rest of the stayathome stocks. The answer, nothing. Just because zooms insanely high growth is decelerating that doesnt mean the trend is over in fact, id argue it never had gone away because this year has shown us millions of jobs can be done better from home. No need for that central office. Why go to meetings to negotiate or sign documents when you do everything over the web and save millions, maybe ten, maybe hundreds of millions in travel, hotel, dinners, zoom, i mean thats how the 39 billion s p global ihs market deal was consummated as we heard from Doug Pederson on mad mone
[no audio] year. The start of the he will give us a report card on how Remote Learning is going across the nation. Of ceo says he is sick talking about microsoft. He joins us to talk about salesforce and the deal and plans to spell dispel the myth the competition had anything to do with it. Reiterating the new stayathome order in the San Francisco bay area taking effect january sunday through january 4. It is different from intensive care thresholds. Businesses will be taking a hit with new restrictions and workers still looking for relief from washington. There were good signs today that lped smooth thehe markets. It meansoolittle, closing all dining and gatherings with anyone outside your home through the holidays. As a San Francisco resident, this will be happening as of sunday. Are you seeing any moves in the market . Abigail there are small declines in s p 500 futures, very small moves off the record high of the day. I am sorry for the difficulty you and family and friends might b
Welcome to squawk box. Im Andrew Ross Sorkin along with joe and melissa lee, becky is off the s p looking to open about 12 points higher. Well explain why some of this is happening and lets show you treasury yields as well the ten year note right now looking at 0. 931 . But maybe a little bit of an explanation coming up here, melissa . Yeah, some optimism Mitch Mcconnell said that compromised deal was within reach and well get a live report from washington at 6 30 a. M. And we heard it before, but it seems like btoth sides are comig a little closer. On a much lower number. And im just thinking about, i dont know, andrew, what did we do to deserve this i mean we are living right or i mean, who ushered in the new week on squawk box on monday who is helping us usher out the week that was on squawk box . A monday and a friday. Is this46 w was this planne melissa, what did we do to deserve this not wouldby not by me how long has it been, stimulus vaccine i guess the election, although we do
The ones that go up all the time and barely ever go down on rare occasion when theres a marketwide pullback like we had this morning s p edging up, nasdaq gaining 3. 7 from a very ugly opening. You have to buy these up stocks. Buy, buy, buy, buy, buy hanover fist. In a market like this one that has a hard time staying down to begin with, even with a weak jobs number or a president that seems determined to overturn the election, hes not going anywhere, the up stocks just wont quit back at my hedge fund where i compounded 14 for 14 years id sit down with my staff and say, okay, give me your best stocks, the up stocks, the ones that never seem to go down. I want the unstoppable ones. I dont even want to know what they do, i just want them the staff would be incredulous there would always be a young whipper snapper saying, whats an up stock . Thats not our usual methodology. I adopted a no more mr. Nice guy attitude, like id ever been nice so i just demanded they give me their up stocks or
Little point in continuing to talk. Global news, 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. Im karina mitchell. This is bloomberg. Rishaad carrie lam with a lengthy policy address on wednesday. She laid out her vision for greater integration with the mainland. Benefiting from its proximity to the mainland and longstanding support, hong kongs Economic Development will be given new impetus. The key is to somehow open up the border with china, because we are part of china, and the homecoming hong kong economy was not just set for domestic consumption. It was really set for 1. 4 billion people across the border. In any case, most of the key Investment Decisions will be driven by how china is operating and the Big Companies in hong kong are all chinese oriented. So i dont really think a policy address will be of that much difference to investors as it might be elsewhere. Stephen engle has been covering