Nondisclosure agreements to join the android option. Some are calling the move another example of strongarming the competition. First, what a difference a day makes. Major markets have closed in the green after mondays recordbreaking losses. Tech can be partly to thank for the turnaround with apple, tesla, cisco leading gains. The s p closed up 1. 2 while the nasdaq closed up 1. 4 . Should take investors be popping the champagne just yet . Joining us to discuss, bloomberg Senior Editor michael regan. Should they . Ke they can at least breathe a little bit of a sigh of relief. Tech was the leader yesterday mainly because people saw that fix the chinese currency sunday night, monday morning china time. It was a dramatic move, the weakest fix for the currency on basis since 2015 and it allowed the currency to drift above that seven level compared to the u. S. Dollar. People thought that was a line in the sand. Fix, the peoples bank of china fixed the currency below seven. That is psycholo
And google gets an earful. The Search Engine rival blasts the company for requiring them to sign nondisclosure agreements to join the android option. Claims they are strongarming the competition. First to our top story. What a difference a day makes. Major markets have closed in the green after mondays recordbreaking losses. That follows increased trade tensions between the u. S. And china and the tech turnaround is partly due to apple, tesla, cisco leading gains. The s p closed up 1. 2 while the nasdaq closed up 1. 4 . But should tech investors be popping the champagne just yet . Joining us to discuss, bloomberg Senior Market editor michael regan. Should they . Mike i would not pop the champagne, but they can at least breathe a little bit of a sigh of relief. Tech was the leader on the downside yesterday, mainly because people saw that fix the chinese currency sunday night, monday morning china time. It was a dramatic move, the weakest fix for the currency on a percentage basis since
Plus alphabet and meta are in talks with Hollywood Studios. Canva takes on adobe users. Lets get a check on the markets. Lots of green on the screen. A nice way to end the week. The nasdaq tech heavy, the semiconductor index, both rebounding, moving higher after inflations expert patient Inflation Expectations data made us feel more comfortable with rate cuts. We are going to talk about this throughout the program. It is down one percentage point but on track to have its best week in a year. Lots to discuss with the potential of spot etfs with sonali basak. Lets go to the private markets. Bloomberg is reporting spacex is considering an offer that would value the company at 200 million. That is where a company allows staff, employees, and some early investors to sell the shares they already own, existing shares, to outside investors. The price is set by elon musk, the cfo, and a lead outside investor. We are hearing the price could be up to 110. You do the math and that would be a jump
All right, this is a shock or block week. But thisa note that suggests that these markets are moving high. Becausehave good reason earnings have been so impressive so far, really big ones dominating the agenda this week. Ish, we are looking at crucial levels when it comes to stocks in hong kong. Rishaad absolutely, looking at what happened with these shares, these Chinese Companies trading in hong kong. We want to bring up gb tv 9440. Investors bid for these underperformers. This is a third of the companies on the hang seng. They are racking up fresh one year the biggest proportions says that 2014 stock bubble. We are seeing some of those cheap banks red hot. These fresh highs are being hit last week. That is what we had at the moment. H, in terms of the other things on the agenda, we have yellens swansong and watching what the fed does. We are just watching what happens as jay powell takes over. The pmi is expected to hold steady. Lets look at markets because we did have u. S. Stocks
Start of the trading day. How are things now . S por the dow and the mostly unchanged. What is catching my eye is the nasdaq. A few things pushing the nasdaq higher. We have apple coming out september 12. Screens. Oled on a smaller version, we have some other biofarma appears peers. The transportation index outperforming the dow industrial. Let me touch on transportation. We will dig a little bit into that. We can see the s p index higher. Bonnie mentioned products in Corpus Christi and houston being shut down. Or haves our new mode of transportation would be in tracking. Airlines are getting canceled in houston, texas, and the surrounding area. Sticking with harvey, i want to look at gasoline over the last five days. This highlights a big jump. Today up 3. 4 . That is translating into higher prices at the pump. I mentioned the nasdaq and the biotech. My favorite this morning was gileads takeover. You are seeing some other Small Pharmaceutical Companies trading in sympathy a little bit