Business. We hear what the ceo has to say about the future of the company. And amazon getting into the streaming music game with a new lower cost option. What that means for the industry and all the competition like spotify and apple. First up though the watch is onto see if the dow and s p can rebound from worst oneday performance in a month. Tuesday was even worse for the nasdaq down more than 1. 5 with microsoft among the biggest tech losers. Mike, were back to essentially the 100day semis didnt perform well, honeywell, dover, alcoa, what does this mean . Definitely a nasty oneday shake out. Brought you down to the bottom range weve been in really in months and to that average. Seems like there was all this disorder on the borders of the equity markets going on for awhile on the currency fronts, in Government Bond yields, theyve been moving much more dramatically than stocks recently. A lot of that finally spilled into the stock market yesterday. I feel like october came ten days la
In the United States and the hunt for yields continues. Staples, which hit a fresh high today, but are those socalled safety stocks now the ultimate danger trade . Take a look at that. The pes for the 2016 growth, which is practically anemic. Well, first of all, part of the problem here is were talking about staples. If youre talking about the head wins, if youre staples retarial, you want inflation. Thats going to add to your top line revenue sales. Their core group and the kour households, growth is not there and theres no inflation, so start with that foundation, which is not terribly good. Were in an environment where companies have very solid business models. And they have extraordinary yields. Why shouldnt they trade at a premium. When i look at where we are in the market cycle and if we are late economic cycle, joe yesterday for example, you should own these names and you should own them and you shouldnt be blindly just diving into them. There is relative value in this space. Ew
Bonds as we get q2 gdp this time tomorrow. Earnings, the busiest day of the season. Majors like facebook and ford on the move, dow chemical, inside look of the quarter from andrew. Hey, you get on to my cloud. Oracle buying netsuite for 9. 3 billion citing strats youlike synergies. The final day of the Democratic National convention ringing endorsements for Hillary Clinton from the president and Mike Bloomberg last night. The candidate takes the stage tonight and we will go live to philadelphia. First up, facebook with a massive earnings beat that has the stock set to hit alltime highs this morning. Eps 97 cents, beats by 15 cents, 6. 4 billion in revenue, monthly active users 1. 71 billion an mobile continues to grow, mobile ads 84 of the ads that facebook shows. Mark zuckerberg stressed video again and again on the call. Even turning a question about pokemon into an answer about video. Take a listen. One of the big themes were talking about here is becoming video first. Right. And as
A big reason why the dow sank, nasdaq claimed. 8 . The intense competition created by the sheer number of companies in business may be good for the consumer, good for you and me. We all benefit from corporations duking it out for our patronage. At the same time, this competition is an anathema to profits [ booing ] wh companies doing deals, even could argue the governments around the world have gotten tougher on mergers and a lot of stocks are pretty darn expensive versus their historic valuations. Let me take you through the Competitive Landscape sector by sector starting with the food group. The Food Companies have so little growth that the best ones like General Mills are hoping for flatter reits next year at best. Think about the fierce composition in space. Virtually every aisle of the supermarket. Does campbells soup need to be independent, does kelloggs stand alone . Up on hershey. Come. If they cant get their act together why doesnt mongolese buy the company . The supermarket a
A big reason why the dow sank, nasdaq claimed. 8 . The intense competition created by the sheer number of companies in business may be good for the consumer, good for you and me. We all benefit from corporations duking it out for our patronage. At the same time, this competition is an anathema to profits [ booing ] whis companies doing deals, even could argue the governments around the world have gotten tougher on mergers and a lot of stocks are pretty darn expensive versus their historic valuations. Let me take you through the Competitive Landscape sector by sector starting with the food group. The Food Companies have so little growth that the best ones like General Mills are hoping for flatter reits next year at best. Think about the fierce composition in space. Virtually every aisle of the supermarket. Does campbells soup need to be independent, does kelloggs stand alone . Up on hershey. Come. If they cant get their act together why doesnt mongolese buy the company . The supermarket