1. 2 billion google does have the option of appealing the decision the stock, as you can see, down by 1. 25 this is something weve known was in the works and coming, but this is a larnlgs flge number tt your head around it makes me wonder, too, two sectors were not seen as virtuous, financial and energy in the new administration they are more virtuous or more part of the solution. Technology theres more questions about it, not just abroad but also in the United States about its power privacy issues. Concerns with Law Enforcement when they want the encryption codes. For some people, when amazon bought whole foods, they were like, wow, kale by robot im out. This is too much. I think these issues have been brewing for a long time but its also part of the political zeitgeist were in in terms of who has the power, who is wielding it. Tetechnology is a sector has been winning and the less firt wo virtuous have been losing. Im overweight financials, industrials. The sector that performed sinc
Lets begin with a new record for stocks a monster number mcdonalds there is your dow 21,635 a gain of better than 122. Joe, which do you fine tyou fin impressive i find it all impressive. Yields are rising, oil is rising you are seeing a significant short squeeze in oil not to be dismissed. So okay, you wake up this morning and you want to be one of those people selling out of google, rotating there is plenty of places to go. Financials, bank of America Morgan stanley above 48 banks are having a good day about that. And after last week, we were kind of a little bit uncomfortable about where banks were going to be going on the backs of earning but industrials is strong. A lot of optimism. So what stands out, cat highest since march 2012, mcdonalds, dupont all time high so many names. United technologies good earnings a good outlook in general, what were supposed to be a fully invested here and riding this rally on the other hand, and i said this last week, you have to keep an eye for th
Bonds during the whole foods takeover in a bid to dominate grocery sector. A very good morning. Welcome to bloomberg daybreak european open. I am anna edwards. Manus i am manus cranny. Carlsberg delivering the organic volume declined by 2 . They are being hit by russia downsizing. They see the full year is a positive impact, a positive translation impact on 50 50 million danish krone. The organic beer volume drops by 2 . The estimate was for 3. 85. They are warning that the organic volume is down by 2 . That in part being hit by russia. Sales numbers missed the estimates, 31. 70 7 million. 31 point youre looking at ab inbev. That is who you have got to go up against even though you have got decent recovery in europe. We are spending more. Anna lets go around to other corporate earnings. The insurance sector, firsthalf net income 25. 4 million francs. Any good position to achieve their fullyear target. Recently we heard from the ceo after some illness. Swiss life will be restrained on a
Najarian lets begin with a look at the major averages boy, what a different story it is at this very moment s p and nasdaq are positive. The Dow Jones Industrial average, knocking on the same door, as well. Josh, this is a far different story from how it looked a half an hour ago. Yeah. This is what its come to this is the big pivot, scott hes pivoting were looking at the future of employment for certain people in the white house, is now the main driver for stocks like, intraday in late august, when all the real money is out at gurneys, you know, yes. But bigger picture, like, i dont feel like this is really changing peoples positioning, whether or not Goldman Sachs is going to win out over the clan inside the white house like, i dont i really dont feel like the position has changed that much. Lets keep in mind, though, s p was 2. 7 off the high this morning at its lowest levels, but russell was 7 off the high. So if you really want to gauge sentiment and you really want to get a good
Sizzle. It may have been due in part to comments made last night by the president. He says hes ready to shut down the government unless Congress Passes funding for a border wall with mexico. One analyst called the comments unsettli tt n that theyre not good for the investing environment. The deadline to pass a spending moisture is at the end of next month, while at the same time lawmakers face a deadline to raise the nations debt limit. Thats a much more serious issue for the market. Today the agency said the countrys aaa rating is at risk. The dow is down to 28,812, the nasdaq lost 19,000, the s p lost 8. Attention today also turned to jackson hole, wyoming where central bankers are getting ready to meet later this week. And the gathering comes at a critical time for investors. We explain. Reporter it was a quiet day, but the trading action could pick up later this week when the Federal Reserve meets with global central bankers for their annual jackson hole symposium. The focus will b