Plus, infamous short seller andrew has a new target. Why he thinks the bitcoin is one of the most dangerous trades in the market apple making it official sending out invites for the big iphone 8 unveiling with the stock up 10 just in the last month, will it be a news event we start off with drugs and money. Health care, the best forming record, now the second biggest sector of the s p 500. Big pharma, and big biotech, check out moves in the names like pfizer, bristolmyers, eli lily, plus gilead continue their run. So is health care where you want to be right now . Which is the better bet . Big pharma or big biotech . I got myself in trouble last time no, no, i permit you to answer the question open its a is it a plug . Yes i think we sell. Biotech over regular tech. Its proven to be right at least for 24 hours but weve got to whittle it down ill play the whittle it down game with you. At this point in the cycle, i would go big cap pharma. Not to suggest that biotech is done by any stre
Football but i take it way too seriously to go by that fictional rubric tonight after another decent day for the averages, s p fansi fansing. 57 a new alltime high for the nasdaq its time for me to show my reality, not fantasy, but reality stock team in my head last night, while i was busily putting together what could be a championship ski daddy ski team which competes in the mad money slump, i am hoping after being bounced in the semis last year, to go back to my dynamic form i know i have the makings of a strong squad all there on twitter to see. But this is cramerica. Not slump a decka. Even though we all know better to draft in the first round, unless theyre tom brady, we all know that apple is the tom brady of stocks. An ageless, unstoppable force. The rap against apple is its just mobile. Apple is the greatest Consumer Product of alltime, as i look at brady as the greatest quarterback of alltime. Even though tim cook went to auburn while brady was a walk on at michigan, cook is
This morning at 8 30 payroll fell hard. Average Hourly Earnings rose. 5 month over month strongest game numbers caused a lot of he scratching, made me want to buy the higher stocks as if the payroll indicated a slow down which we know is not the case because of the hurricanes. The averages got digged before bouncing bag s p decline, nasdaq closing up point 07 . Am nim for facebook, amazon and Apple Company formally known as google im trying to attach this, i got to attach this, im blaming etfs again. Last night costco reported a number that looked terrific on the surface, stock wen after afterwards the competition of amazon chls just too more for costco the take that led to amazon stock roaring hir hire higher and it along with net felixs led this whole cohurt up ward. Its now including other cloud based name like service now and workday. Does this make any sense you know what, i dont even know any. Heres why i asked, the highest value stock now making the big loops. So, im begging you
Theresa may says a cyber attack that is crippled some u. K. Hospitals is part of a wider international attack. May said there is no evidence patient data has been compromised. Hospitals have been hit by a socalled ran somewhere attack that shuts wards and closes emergency rooms, bringing treatment to a halt. Demanding payment for the data to be released. Similar attacks were thwarted in spain and in other countries. Alking about expanding the laptop ban on planes headed to america. That restriction is ready in place for travel from some middle eastern and african airports. They could be used to hide bombs. A new outbreak of ebola has been declared in the democratic republic of congo. They see ebola is suspected in the deaths of three people. There are nine possible cases of the disease. That sweptutbreak through in 2014 killed more than 11,000 peopl mobile news 24 hours a day powered by more than 2600 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg.
The lowest since october of 15. The road map begins with a rough week for retail. Nordstrom and penney are down this morning. Nbcs lester holt sat down with President Trump and well bring you the highlights on russia and more and plus the tweet storm this morning, threatening former fbi director comey. Apple is taking aim at another all time high today and two analysts raising the price target. First up though, Government Data showing retail sales up 0. 4 in april. The strongest gain in four months and nordstrom beat on revenue and comps are down 0. 8. Penneys swinging to the surprise profit, but Revenue Misses on a 3. 5 decline in comps. Jc penney is going to give its all time low run for the money today. What can i say . Minus 3. 5 comps. They did talk about how march and april improved from february. Now, kohls said the same thing. There was a lot of etf selling yesterday. Really came off of macys. Ebitda, here 40 million down from 176 last year. Theres no growth and its really hard