Gaining. It is time to admit that conventional wisdom has been wrong every step of the way. In this market, patience is not a virtue discipline cluster of fortune. Buying the most obvious stock, well, that has been a strategy that was easy i struggle about how this is possible i am not used to a mark that reward investors being late to the party. We found out moderna has a vaccine that may work better than pfizer. Thats getting off the table we got uncontrol spread over america. And mayors and governors refused to shutdown the bars and restaurants. Those are the main places we are getting infected no, it is at home, jim this pandemic is steam rolling us the prospect of a vaccine keeps on plotting it and shutting everything down. I am sure you are wondering, given the numbers that we see, how is that possible first every now and then there were moments that well stood on our head. Time like these is not sell. You must be willing to suspend judgment how far stocks can reasonably go. Than
Is this a turning point for yields around the world. Well get fed minutes later on today. Road map begins with retail earnings, target and lowes soaring in the premarket on their results bucking the downward trend in retail. One week since the dows 800 point drop were close to recovering the losses well take a look at the wild ride over the last week. And what you can expect next. As the september 1st tariffs aapproach, well take a look at the companies that may be in your portfolio with the most exposure first up, target set to open at all time high, lowes surging on the better than expected quarterly earnings, revenues and comps. Digital sales drove more than half of the growth in q2 comps lowes reporting positive comps in all of their geographic regions in the United States and outpacing depot for the second consecutive quarter. We got to focus on execution. And risk taking. Both Marvin Ellison at lowes and Brian Cornell at target took big risks. Some people say they blew up the way
With new trade data, exports rose in july and imports up 11 . The nikkei was down by 0. 3 but you did see gains in the hang seng and shanghai composite. In europe, early trading, youre going to see right now, things are pretty flat. Harder to think of things being flatter than this. The dax, cac, and the ftse, slightly gaining crude oil prices down by 19 cents. This morning, rebounding, wti up by 50 centers. Developing overnight, mr. Wonderful called it early yesterday, google firing the engineer yesterday the engineers tenpage manifesto has asserted that women have biological differences that prevent them from being as successful as women in tech. Google did not confirm the firing Software Engineer james demore said he had been dismissed for, quote, perpetuating gender stereotypes. And yesterday, the google kraef su Ceo Sundar Pichai said that the tech crossed and uber telling the employees that Travis Kalanick is not returning theyre intending on hiring a world class leader to lead t
I didnt think about it with the tie. Do you have an orange tie . I do own an orange tie. But you never wear it. I never wear it. Are those pumpkins from last year . No. Those are not. Okay. Can you imagine we had things made exactly like us. I have pictures of those. Those arent actually us, are they, andrew . Remember in the past our face has been on them. Our face has been on them. But not these. I apologize, we are going to talk about the markets. We have breaking news the tell you about, we talked about it a little on friday, but now its official. General electric and baker hughes are merging their operations. Now there was a lot of conversation about whether ge was effectively going to be selling its business. We talked about whether this was all happening at the wrong time. This is now what is happening. They are merging the oil and gas operations into a new company that both companies will effectively own. They are looking to get 1. 6 billion in synergies annually out of this tr
Membership in the eu. Rival camps are running neck and neck. Israeli Prime Minister Benjamin Netanyahu and u. S. Secretary of state john kerry are scheduled to meet in rome on sunday. From bloomberg world headquarters, im mark crumpton. Westmberg Max Bloomberg is quote is next. Im emily chang and this is bloomberg west. We will examine the potential impacts of a brexit at tech industry. And must lays defense having a hard time selling his 3 billion proposal for a teslasolar city merger of we will break down why some investors are skeptical. The Global Entrepreneur conference kicks off. With john interviews kerry and reid hoffman, we will hear from steve case. But first to our lead. Britain is on the brink of a monumental decision about whether to remain in the European Union. Campaigners issued 11 hour appeals in the socalled Brexit Debate with the mayor of london calling up the fight of our lives. His predecessor calls it the last chance to take back control. Polls waver between a dea