This year. It has been on a tear, and we will, of course, continue and watch and see what the major indices do today we begin with twitter and that massive security hack pressuring that stock this morning. It is off the lows, though, up about 1. 5 that attack targeted some of the companys highest profile users including elon musk, former president barack obama, and others joiningi joining us now is robert hirsovek good morning. Good morning, everyone. They say it was a coordinated social engineering attack that successfully targeted some of our employees who had access to tools. What this said to me is this was a con more than it was a particularly sophisticated technical attack, and im reminded all of twitters employees are working from home. I mean is this the first red flag of working from home . Its the first one thats made so much media i can tell you from personal experience we do a lot of Cyber Security, manage a lot of corporations were seeing a growth in phishing like weve nev
Somebody to sell if you go back to our march survey, what we saw was that the level of bullishness on the stock market was one of the highest readings we had in the history of our survey. That told us things were scary in terms of fundamentalings and news flow. They sort of knew inherently this was that point in time was the right time to buy the market they stepped in to help contribute to the rally. Now what we see its not that everybody is bearish the bearishness is starting to pick up where where we were last quarter and the bulls have fallen down sharply. Now, what is extremely in our survey is the percent who say valuations are expensive and that hit a new survey high whats that telling me as the tape weakens here, the news flow deteriorat deteriorates im talking to Institutional Investors that are not inclined to support this market the way they were in march i take it as a bearish read. Less about the level and shift in sentiment were starting to see and the reasons for the shi
Season just step away from the roulette wheel because if you try to trade around the quarterly reports, you are going to get singed, if not burned after a record day, where the dow gained 27 points hallelujah s p climbed 2 , nasdaq inched up 0. 17 . That was easy earnings season is devastating for traders. No if you want to invest in a stock before reports and buy things if the stock gets hit thats another thing but trading no thanks. I didnt always feel this way. My Old Hedge Fund i used to place heavy bets on what would happen before it happened. I had as much legal information as i could get my hands on and always thought i had an opportunity to make a good call ahead of time but that was before regulation fd when the government leveled the playing field. When i was running you could meet with execs with small Interest Groups other people didnt want access or privy to that is illegal. These days everyone has access to the same information at the same time. I think thats fabulous. No
Pompeo,ia director mike but tillerson and President Trump deny reports. Emily this is bloomberg technology. Coming up, bitcoins have to the mainstream. U. S. Regulators have cleared the theto allow future specs on company. We will discuss legitimacy of cryptocurrency. Plus, taking stock of uber. Joining us now, poly Chain Capital cost ceo. Ceo. Ly Chain Capitals great to have you here on the show. What a week it was. I imagine it has been crazy for you as well. I imagine it has been a crazy week and here for everyone in the cryptocurrency space. Massive. It gives access to anyone who wants to have access to bitcoin without actually having to hold bitcoins. It also means it opens new Financial Products so people can shorten it and that against the. Rice for a first time i think there is an increasing understanding that this is a massive technology, perhaps larger than anything weve seen since the creation of the internet itself, and its important we create careful, pragmatic regulation
Alleging Sexual Harassment by congressman john conyers says her client is expected to testify next week before the house ethics committee. House democrats have called on the 88yearold conyers to step down. s Attorney Says he will decide whether to resign within days. In a meeting with libyas prime minister, Rex Tillerson dismiss reports the white house plans to have him removed. Is laughable. Official said the plan is to replace him with cia director mike pompeo. Global news 24 hours a day powered by our 2400 journalists in more than 150 news bureaus around the world. This is bloomberg. Emily i am emily chang and this is bloomberg technology. Coming up, bitcoins have to the mainstream. U. S. Regulators have cleared the way to allow future specs on the feature exchange operators. We will discuss legitimacy of cryptocurrency. Plus, taking stock of uber. But will put the companys financials under the microscope after it burns through more than 1 billion in the last quarter. Hister stands