I wanted to start with comcast. What i loved is that it is kind Media Companydgy transforming. Isthe ceo, Tucker Roberts the guy leading the companys. Oray into esports they are doing it in philadelphia and they have built a single use stadium for esports which is a crazy way you can really double down and make a big that. The question is, will it really work . Ge betting onbout a new ceo. Market cap has been falling. This is the most Iconic American Company and it has hit every wrong on the way down when last year it even fell out of the dow. The ceo came out of retirement to save the company and the question is, can he do it . The ultimate ceo test. Islor another story that this weeks cover was interesting because when we talk about the trade fight, it is usually about technology or ip but this one is about the medical sector. Anderson, the place for cutting edge cancer research. Chinese researchers there, some , inhom are u. S. Citizens this ongoing trade conversation, it raises all
Of course nasdaq plunging 1. 76 . You have to be mindful we have to be on the lookout for whats called a whoosh or a crescendo of selling that causes a bottom. Usually intraday dont worry, im just putting you on notice. May not happen tomorrow, may not happen next week but it will happen if stocks keep going down like this and the bond market one day stabilizes and we are no longer fighting the darn fed, which we still are. One day that will occur. Not yet. But thats why you need to be ready with your Shopping List of damaged stocks, not damaged companies. Because theyre whats worth buyi buying on the way down you tend to forget about them while this carnage occurs i like to have objective my favorite is when they have down to up volume of 91. It means finally the bulls capitulate and theyve surrendered and therefore theres nobody left to sell which means youve got to do some buying. Now, todays a typically ugly day, not the kind where you get that whoosh bottom i like to look at count
Points are we seeing signs of a top well break down head winds. We have a 6 billion chip acquisition to tell you about this morning and what it means for other potential deals as well. And retailers gearing up for black friday but walmart gets slapped with a downgrade over at goldman today. We have the latest on the Retail Sector as we begin an abbreviated trading week due to the thanksgiving holiday, the dow and s p east in the midst of a twoweek losing streak na nasdaq coming off the Third Session and bit coin surges past the 8,000 mark over the weekend. I think the high 8101. 91 theres discussion whether or not it can hit 10k. I was thinking about zimbabwe, whoever has money may want to go to bitcoin. A chinese crackdown, they go to bitcoin. Venezuela, natural bitcoin because its defaulting on everything when you see defaults and people realize currency may be devalued, bit coin seems to be a Good Alternative jack dorsey this weekend disagreeing with sara fryer, the cfo of square. S
Carol welcome to bloomberg businessweek. Im carol massar. Julia and im julia chatterly, and were inside the magazines headquarters in new york. Carol in this weeks issue, what happened to americas most Iconic Company, ge . Julia the dangerous in the caribbean. Carol and taylor swift takes on the scalpers. Julia all that and more on businessweek. Carol we are here with the editorinchief of bloomberg businessweek, joel weber, talking about the olympics getting underway. This story looks at the unification front between north and south korea because of the games. North korea is making the most of this little opportunity. If there were an olympic medal for freestyle propaganda, they are getting it. Julia what are the south koreans getting out of this . They will march their sports stars under a unified flag with the north. That is a big statement. That is what this story is about. Why would you be willing to do this . That was the question we posed because we think this is going to be shor
And south korea because of the games. North korea is making the most of this little opportunity. If there were an olympic medal for freestyle propaganda, they are getting it. Julia what are the south koreans getting out of this . They will march their sports stars under a unified flag with the north. That is a big statement. That is what this story is about. Why would you be willing to do this . That was the question we posed because we think this is going to be shortlived. The games are going to happen and we will be right back to a different mood. Carol you have to think about it too, because it is a great sports story. Everyone likes to watch the Olympic Games, but it is also a financial story. South korea has paid billions in getting ready for these games. How do we make this a business story . There was a lot of Business Opportunity in this, and they are willing to put it all on the line with this decision. Carol it is kind of shocking, though. Go back a month. Thinking about the