Yet today with the stock breaking out to new yearly highs, its time to talk about why we stayed the course. This is important and not just because apple, the Largest Company in the world, can actually help power the entire market upward as it did today, with the dow gaining 178 points, s p declining, and the nasdaq falling 1. 47 . We have to analyze my apple call because all the years ive been in this business and, man, ive been in it a long time ive rarely ever gotten so many it than i did for my dont trade it, own it mantra when apple shares got hammered after the march quarter. I was widely seen as being sentimental at best and at worst down right stupid and arrogant and ignorant. After all, hadnt the facts changed . Wasnt the growth gone . Despite the widespread hate for apple and its stock, including its socalled bullish analyst whos are mostly negative anyway, i thought otherwise. Nothing really had changed aside from the fact that it had gotten much cheaper than it should have b
Postbrexit world. We will look at the chinese owner of the waldorf astoria. You can let us know what you think of todays stories by following me on twitter. Dont forget to include trendingbusiness. The china and hong kong markets underweight in 30 minutes. Here is david with a look at what is happening so far this morning. We will be watching to see if hong kong continues this worldbeating rally, one of the cheapest across the world if not major markets. Quick and fast, thats where we are at the moment. A look at what is happening across asia right now. We are looking mostly at gains. We are pushing towards new oneyear highs. Malaysia, doing enough to offset the nikkei 225. Dollaryenn to strengthening. Morgan stanley, 101. 35. Brothers, 101. 37. That weng ominous given are pushing towards session lows. Have a look at australia. Gdp in 30 minutes. I rally a cross mining stocks, especially gold a rally across mining stocks, especially gold. Slight pullback in the price. 12 out of 15 lead
Starting in shanghai. Pbocdnt get some news of injecting 340 billion yen into the system. The parity weaker for a third day. Rebound, half hour away from the lunch break. That therts from tokyo government is considering an extra budget, boosting its budget by 45 billion. That is boosting some equities today. The yen has been gyrating all morning. We are seeing some strength, 100 1207 112. 07. The last time we saw that trade around that level was september 2014. It is and just think to market and look here, but if the fed forgoes a rate hike in march, then the bank of japan cant be aggressive about further easing. The dollar really facing a big turn around here, the u. S. Can no longer tolerate the stronger dollar and shifting to a weaker dollar policy. Up to now the dollar has been lenient to the currency weakness when it comes to europe and japan, but the dollaryen still strengthening today. Rishaad talking about japan, sharps board ending a meeting, no decision revealed. They are con
London. Because we aret have one ofand we the biggest in europe and the Largest Hotel operator. Withuch has this delivered 244 million . Miss is a little bit of a against estimates. Ceo has been in the post and they have been revamping instead of cutting costs in china. It is taking on some the upscale brands and requires a Hotel Reservation services. That is the background. We have a host of other reports. Lets talk about the markets. The markets have risen for three straight days. Before we went on the christmas holidays, i want to show you the breakdown of the relationship and this is the ironclad thetionship and they are euro stoxx 50 and they are all at a panic in correlation with the fever pitch and the 15 year high is dropping. Sync, asfalling out of you said. During the panic, they had been moving in sync and they are reducing among the assets. Is thes been happening four days do not make a year. It is four days of hope. Lets check in on the risk and see what is happening in ma
Rhetoric and the uncertain outcome is hurting the american economy. Mitsubishi motors fears the end admitting it has been falsifying field data for 25 years. Regulators want answers. , andw me on twitter include trendingbusiness. Inna and hong kong markets 30 minutes, but singapore, taiwan, and malaysia have come online. Good morning. Investors cautious ahead of the central bank meetings. Session, starting to pick up on gains in the u. S. And european markets overnight. Some downside when it comes to technology, those Apple Earnings missing expectations. Risk aversion staying put in the asia session ahead of that trifecta of central bank meetings. The strait times index down three tens of 1 . Namese way down by tech taiwan weighed down by tech names. The malaysian markets are down 2 10 of 1 . Comes tode when it australian stocks, a rebound in crude oil and other energy names , basic miners doing well today, up three tens of 1 , weakness out of kiwi stocks ahead of the decision tomorrow