At their highest level ever. But the best trade may be emerging far away. The eem is far outpacing the s p 500 over the last three months a nosedive in the dollar it is at its lowest level since april 18 is it time to rotate out of the u. S. And look abroad for the next big trade, tim . It seems like it could be a rerun of creating a globe. These are dynamics we havent seen in a long time. If you look at where the dollar is if you are investing in emerging markets, the currency is at least 50 of your return profile and high yielding currency is a driver of this reality but its the turkish and african moneys the blowoff top was around 51. 75. I think you have rates moving higher, but normalizing. Normal high rates for em arent good if you look at the source trade and things moving around the world, some of this is about a global recovery. In some sense at least, the u. S. Dollar and rates will stay lower for longer and thats fantastic for the rest of the world. We may be in the depths o
Thanks. The dow giving up its early gains. All three of the major averages are lower. Bob has more on these markets. Bob. Were threatening to go positive here late in the day. I want to show you though were down a bit, the sector lee leadership is still intact russell 2000, another good bay banks stronger and retail keeps going up i keep getting asked about this retail rally were seeing. We get these nice moves every day and some of the retailers, the macys, they are still 50 off of are they were in february these gains, yes, they are there but still big, big declines. New highs, were not seeing a lot of expansion waiting for break out is not really happening e bay and paypal, winnebego hit a new high thats interesting here. Lets talk about whats moving the market remember the buckets we keep talking about. The important thing is the reopening is still going well. The recent economic reports, the ism, the stimulus. Were hearing more from the ecb, more from u. S. , more from japan. Ther
Forward and this time at the most profitable u. S. Factory. It is thursday, october 12th, 2023. You are watching Worldwide Exchange here on cnbc. Good morning. Welcome to Worldwide Exchange. Im frank holland. Lets start off the hour with the check of u. S. Stock futures. You see here in the green across the board. The dow would open up 100 points higher. As always, we say its early. Dow and s p and nasdaq riding a fo fourday win streak and helping to drive the gains is big tech. Meta at a 22month high. Up more than 9 since the first alphabet sitting at the 18month high. That is up 8 . Nvidia and tesla and apple up this month. Apple up 5. 3 . Shaking off the pressure that we saw the stock under in recent weeks. All this could change as soon as today as investors await the cpi september report. Economists are expecting prices to rise 3. 6 year over year. A decline from last month. Excluding food and energy, core cpi, economists are expecting a 4. 3 gain year on year which is slightly dow
48 hours, beginning tomorrow. The Brazilian Parliament has in the older the Impeachment Vote against dilma rousseff. The papers from a Panamanian Company show the use of shell companies. Im mark crumpton. Bloomberg west is next. Emily im emily chang. This is a special edition of bloomberg west. We are in district hall. We will be spending the next three days diving in to the Tech Companies that call boston home. Now the city is getting another huge boost from ge as it relocates its headquarters from connecticut to bostons growing seaport district, not far from where we are now. How it shapes the mind of current tech leaders but the city is working to improve itself. First, i want to start with a look at Venture Capital and the funding environment because a number of top vcs are based here. Joining us, from mass challenge a notforprofit headquartered in boston our guest. They have raised 5 billion with over 500 million in revenue. And my cohost for the hour bijan gentlemen, thank you fo
Panamanianfrom a company show the use of michelle companies shell companies. Im mark crumpton. Bloomberg west is next. Emily im emily chang. This is a special edition of bloomberg west. We are in district tall. We will be spending the next to the techiving in companies that call boston home. Now the city is getting another huge boost from ge as it fromates its headquarters connecticut to bostons growing seaport district, not far from where we are now. Mind ofhapes the current tech leaders but the city is working to improve its elf. I want to start with a look at Venture Capital and the funding environment because a number of top vcs are based here. From nass challenge a notforprofit headquartered in boston our guest. 5 billion with over 500 million in revenue. And my cohost for the hour gentlemen, thank you for joining us. So, i will start with you. You have been on the show before. It is good to be in your neck of the woods. You guys invested in tech. What is it like to invest in when