Hours time. Lets get a check on where stocks are trading with abigail doolittle. We had a selloff yesterday but are recovering today. A nice rally for the major averages, the dow, s p 500, and the nasdaq are all higher. They had been on a pace for weekly decline, and now pacing for weekly gains. That is an impressive turnaround based on that betterthanexpected jobs report. Bloomberg did break the news that there are scheduled talks for a potential sale, and this chip designer has been up 8 , for his best date since 2012, now on pace for the best date since the beginning of the year. A Bloomberg Analyst told me moments ago that this is a pure play on i. T. Technology. The technology is the big winner today, with the nasdaq outperforming the other two indexes. Apple and microsoft gaining amid kleins yesterday declined yesterday, and Applied Materials receiving a top pick mention analysts raising their price target to 60. And lam research doing positively at Morgan Stanley. Quite a bullis
Hours time. Lets get a check on where stocks are trading with abigail doolittle. We had a selloff yesterday but are recovering today. A nice rally for the major averages, the dow, s p 500, and the nasdaq are all higher. They had been on a pace for weekly decline, and now pacing for weekly gains. That is an impressive turnaround based on that betterthanexpected jobs report. Bloomberg did break the news that there are scheduled talks for a potential sale, and this chip designer has been up 8 , for his best date since 2012, now on pace for the best date since the beginning of the year. A Bloomberg Analyst told me moments ago that this is a pure play on i. T. Technology. The technology is the big winner today, with the nasdaq outperforming the other two indexes. Apple and microsoft gaining amid kleins yesterday declined yesterday, and Applied Materials receiving a top pick mention analysts raising their price target to 60. And lam research doing positively at Morgan Stanley. Quite a bullis
Manus welcome to bloomberg daybreak europe. Energyue of renewable and writ energy, one of the most valuable companies on the german exchange. That income, 857 million euros. Outlook forhe 2017 the company. They dont see the uks retail during Generating Positive earnings. It is the valuable most valuable utility in germany. Will it become independent . These are the top lines concerning the 2017 outlook for this year. They dont see the u. K. Side of the business to let generating a process on the adjusted basis. Net income, 857 million euros. That is the press report as we close off a heavy week of reporting and the European Equity markets. Lets talk about global markets. This is a game of chicken. Potentiallyng at the situation developing into this generations cuban missile crisis. The president of the United States morning the north koreans that if they follow through with a missile threat, they will face Something Like they never thought possible. What is it going to markets . Have a
10 year. Lets get your earnings. Walmart coming out with earnings, secondquarter adjusted eps coming at 1. 08 above the estimate of 1. 07. Walmart seeing years adjusted 4. 40 to 4. 30. Nothing that stands out in terms of missing or beating estimates. In theown by about 1. 23 premarket. On the year, what a performance so far this year. Jonathan they have really come back david they have really come back. Jonathan up 17. 4 . David time now for the morning brief. We will be getting weekly u. S. Jobless claims and the Philadelphia Feds business outlook. Bill ackman will prevent his adp thesis, addressing questions from investors and analysts as he makes the case for improving the companys performance. We get u. S. Industrial production data for july and we hear from Robert Kaplan speaking time. As at 1 00 eastern all through the day, we are all going to be focused on washington and the aftermath of the collapse of the president s very is leadership councils. Kevin cirilli joins us with the
The month of december. That was the highest reading since february of 2011. So a bit of weakness in the month of january. Looking at the sub components, the ifo Current Conditions index is at 116. 9, bang in line with the forecast. But the headline index below expectations. The Expectations Index is at 103. Once again below forecasts. Louisa, yesterday we saw a mixed performance when it came to the pmis. The Services Number for germany was below what analysts had been anticipating. Manufacturing was stronger. Overall the Fourth Quarter in germany has seen a strong end to the year what were seeing in january is a more mixed performance but a continuation of that overall strongish trend. Some say theres the seasonal factor at play, i think it will be interesting to see how this data holds up, especially after some of the projection indexes on optimism given the huge changes were seeing in the states on policy. Whether or not that filters through. Glancing at European Markets, were higher