Run continues. 111 s p new highs today as we watchaction in technology. Despite some downgrades and plenty of commentary from henl fu hedge fund managers. Alphabet becoming the fourth firm to reach a trillion dollars. The five Top Tech Companies account for 70 of the s p and worth 5 trillion combined happy friday, gent, go tshggente you. Good to see you barry, you had moves in markets, bull markets of the 90s compared to bull markets of the 20s you said we have not hit the blow off top but were on our way. If you look at the exponential trends, a curve increasing at an increasing rate that characterized the 1920s bull market. It characterized the 1990s this one has been more linear and it doesnt have the upward sloping curve since the 2009 low. So i find it hard to believe that weve seen the top because we have not entered that parabolic move how would you know when were close . Well, youll see the parabolic move that will be the first thing euphoria, a lot less doubt in the market i h
Renewed china trade optimism set to fuel further gains of the open retails big week and the tariff impact into the holidays. Best buy, dicks, dollar tree, abercrombie among the retailers reporting today. And ford challenging tesla to a apples to apples tug of war between pickups and elon musk says bring it on three major indices saw record closes, top trade negotiators from the u. S. And China Holding a phone call earlier this morning the two sides continue to work toward a phase one trade agreement. Trade rep lighthizer, mnuchin, both participated in that call and both sides agree to remain in contact over remaining issues on twitter, you said the phone call last night was very important in terms of furthering a deal yeah. It is real ive been skeptical. This was a real call phase one probably happens Financial Services get opened up president may believe that intellectual property is for real that instead of just a soybean buy, a promise to they would respect intellectual property. Do
Joining us is mark mahney and mark blacklength. Mark, we have covered some of the sources of worry in the earlier hours. I think i saw you cut your target about 100 bucks is that right . Yeah, thats right. Look whats the thinking yeah. Were going to buy this dip. You are getting close to a trough multiple on amazon. Its around 15 tyimes cash flow you are close to a bottom. This oneday investment thats depressing margins near term, this is the kind of investment you should expect out of amazon. Its the investment you should want out of amazon it will get harder for anybody to compete with amazon in terms of that level of delivery. The one real thing to focus on i dont think the call did enough justice to this is that aws business. Amazon, they are pivoting or adding they are going after the enterprise they are under pressure near term i think people are worried about the percentage slowdown in Revenue Growth focus on the dollar of growth year over year thats accelerating. That tells you
Designeds a mobile app to share content with friends, but it looks a lot like snapchat messaging. We have the details. First, our top story. Foras bad news, good news tesla after thirdquarter delivery numbers. Cars. Ivered 97,000 elon musk had hiked the idea of reaching 100,000. Tesla shares sank. Analyst looksc ahead to earnings following the delivery numbers. We have them falling short of guidance. Even if you look at the production levels, there was some record production levels, 96,000 some odd units they would need to be a significant increase in that. I think there is hope the shanghai factory will be able to come online, but we remain skeptical. Taylor with more, i want to bring in orton johnson, and also and also iohnson, reporter. We talked about the delivery numbers. Im curious about that composition mix. What do you make of the different models and the price differential . The model three was 82 of deliveries. Three,reat for the model but it is a concern because the margins
Introduces a mobile app designed to share content with friends, but it looks a lot like snapchat messaging. We have the details. First, our top story. It was bad news, good news for tesla after thirdquarter delivery numbers. It delivered 97,000 cars. Elon musk had hiked the idea of reaching 100,000. Tesla shares sank. Earlier, an rbc analyst looks ahead to earnings following the delivery numbers. We have them falling short of guidance. Even if you look at the production levels, there was some record production levels, 96,000 some odd units they would need to be a significant increase in that. I think there is hope the shanghai factory will be able to come online, but we remain skeptical. Taylor with more, i want to bring in gordon johnson, and let me start with you. We talked about the delivery numbers. Im curious about that composition mix. What do you make of the different models and the price differential . The model 3 was 82 of deliveries. It is great for the model three, but it is