1. 9 trillion. Also some comments on timing. A a lot of comment from the white house. Tesla is the stock afterhours. Trying to eke out gains. Looks like it will. Ahead of Earnings Report we expect to come out during this hour. Well cover that. Analysts look for any sign that tesla meets delivery target fore2020. The number to watch is 500,000 vehicles. 500,000 on deliveries. Remember that when tesla comes out. Today our swing state economy series brings us to south st. Paul, minnesota. Weve been speaking to people on the ground as President Trump wants to flip this state red. He has less than two weeks to do so. Well hear about Business Owners and how the economy impacts the vote. Were ask our host, with a local business running here since the 1800s at the same location. How they weathered the pandemic and over times. They make fire hydrants and Fire Suppression equipment. Real interesting american company. Well talk a lot about that later in the hour. Fox Business Team coverage of our
Yesterdays speakers, maryland congressional candidate, kim klacik she is an internet superstar. All that on making money. Charles i think something profound happened to jer role powell during the two weeks when the Federal Reserve hiked rates, december 20th, 2019. It was the ninth Interest Rate hike of 2015 after essentially the fed went for seven years to zero percent. Powell was driven to some event days before christmas and hit a big pothole. As the driver looked to work out the flat tire, he saw a homeless woman panhandling money from complete strangers. He thought about his policies about runaway inflation that had yet to materialize. It was the old Federal Reserve playbook to slowdown the economy, something that hadnt reached the economy. January 4th, powell made comments not mention the plight of the women, he admitted to a epiphany. He changed course in history. I think he changed the course of the Federal Reserve, saying a strong jobs market, rising inflation does not rise con
Shanghai and tokyo were moderately lower the nikkei finished down by almost 0. 9 . The shanghai was down by twothirds of a percentage point. This comes as we were getting manufacturing data out of china showed theyre still contracting. It was better than anticipated the number was 49. 7. That was better than the 49. 6 anticipated. Still below 50 in hong kong, the hang seng was down 1. 3 . Trading was cut short there because of an impending tropical storm. Markets were normally close at 4 00 p. M. Were suspended for the second half of the day this morning there are a mixed picture. The dax is up. The cac is up slightly the ftse is down a bit finally look at whats happening here in the treasury markets the tenyear right now ahead of that fed meeting, 2. 054 lets look at whats happening with gold. That could be a mover after todays fed decision gold is up more than 10 in the last three months. Apple big number of the week and its our top corporate story. Earnings and revenue topped estima
Now street high. John correctly predicted the rally last year. Joining us at post nine. Great to have you with us. Great to be here, melissa. What was that moment when you said, i have to go to street high of 4900 it occurred a few weeks ago we held back, waited for Economic Data to cross the transom, whether it was last months jobs or the prior months jobs whether it was the continuing claims or whether it was initial claims, what have you. And then the gdp number, i think, really added to confirmation we saw last week that there is strength in this economy, that the fed has been remarkably sensitive even though on a nominal basis the hiking has been aggressive when you consider the inflation, dangers to free money of the system where bond issuers dont pay for the privilege of borrowing money. This is a normalization process. A big shock generationally to many people who were not in the markets in 2008 and may have been this high school are now in their 30s. But the reality is, for th
Powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Bloomberg technology is up next. Cory im cory johnson in for emily chang, and this is lumber Technology Bloomberg technology. After massive gains, can be tech continue its run . And President Trump resizes amazon on twitter. Should the tech giant be worried. And more from our best conversations of the year with candid discussions with c palmer and meg whitman. The sector outperforming the broader market, breaking records , up nearly 30 for the year i did not see the final numbers,. Pretty dam close to that it was a really amazing year. Just across the markets, i think. You have been investing in tech as long as i have known you. What a run. David it was a good run, but it. As a nasty close today in the scheme of things, i think what really distinguished tech was that growth was scarce and secular growth stories, as characterized by corey you mean topline growth in technology . David i mean