Do not finish higher. Facebook and google, alphabet really bracing for antitrust probes. You can see the shares down 1. 8 . Allon, netflix and alphabet lower. The overhang of big tech being regulated has weighed on this. Lets put this into the weekly. Something did happy, the faang the closing back. Back to 2015 and a high of 2018, the complex rising 170 . Incan see from 2018 stuck this range, the facebook social media rose, the regulation fears, now down 10 from the recent highs of big spreads for what the s p 500 is doing. These have got to get on board if the s p 500 will continue climbing. This chart is not so bullish or bearish. It is stuck sideways so it will be interesting to watch. That has notething been stuck sideways is the bond market. I want to bring it back to that space because when you have conversations about the slides we have seen in yields, many bring up supply and demand dynamics. The idea that there are so many negative yielding bonds overseas that if investors ar
Shrinking, they make a key decision on stimulus. The European Central bank has one way to go and that is lower when it comes to rates. , how fasts reports and furious. We have been successful. The teflon company. , the weeks top interviews. Small probability it could be dangerous. What is happening is not entirely driven by brexit. It is all straight ahead on bloomberg best. Hello and welcome. This is bloomberg best, your weekly review of the most important Business News and interviews from Bloomberg Television around the world. Lets start with the day by day look at the top headlines. Monday, optimism grows on signals that the u. S. And china might be preparing to restart trade talks. Could beiations restarting soon after a number of goodwill gestures by beijing over the weekend. That is according to chinese media. Looks likeare seeing , they are about to start buying again, soybeans and possibly some pork and other agriculture commodities. That is goodwill measures if you will, but w
Create hes taking a lot of heat. This is an unquestioned big victory. This was a 2. 6 billion score. Take a look at this name. They first got into it in september of 2011. They built the stake over a course of a month or so with prices ranging at about 63 with the average price 55. After putting new direct orreor the board and being involved with that, they began selling stock 6 million shares in late 2013 at about 142 a share so theyre up about 90. Two more sales in the years that followed at a higher price range and then the 9. 8 million share yesterday. They made most of their profits, roughly 2 billion on the stocks performance but they also benefitted from a currency hedge. They will use the proceeds of the sale to make one or more new investments in the main Fund Although not necessarily through a special vehicle. The timing couldnt be better. The fund is down about 19 through july thanks in large part to the awful performance of val ent pharmaceuticals and then theres herbalife.
Im francine lacqua. Were just getting some breaking news. This is the i. F. O. Just breaking in line with expectations. The expectations for the future are a little bit higher. Germany is strong. They are certainly outdoing french. You look at the p. M. I. Numbers. Not difficult. You got some 47s from france and mid 50s from germany. Another piece of fairly strong data, pretty much in line with expect aations. A little bit of weakness maybe at the fringes but nevertheless germany still showing signs of strength. We have a guest hose for you this hour, jim oneill. A columnist for bloomberg view. Very Quick Reaction on this i. F. O. Number. Going strong. Actually the latest i. P. Numbers were not so great in germany. The surveys are strong. The Current Assessment is it is not the first time Current Assessment disappoints. It has gone on for a long time. Kind of boring. Lets move on. Our markets editor, manus cranny has more on how prepared the markets are for a possible december taper. P
Morning. Semiconductors outperforming and Cloud Computing etf on best had its best days since early august meanwhile, faang, amazon, the largest megacap winner, but dee, this is a rally of the fisty. Affirm and peloton up 12 and affirm and shopify and bitcoin above 20k, up 3 no question that whats leading this is the stuff that investors, over the past couple of months, several weeks have gotten very queasy about yeah. Those macro themes is what youre pointing to the riskier rally, the unprofitable and the rally of the growth and whatever you want to call it and its beaten down names and the macro backdrop and you have the tenyear yield 3. 6 and the twoyear getting close to 3. 4 and carl, the fed isnt quite focused on inflation as much as it is the job market for the next moves some positive signs and remember they werent as bad as some were expecting and there was a relief rally and she continues on the dip so well see what she has to say about it bank of australia hiking not as much.