Ferro, Lisa Abramowicz and annmarie hordern. Lets get you to the weekend. Live from new york city this morning, good morning. This is bloomberg surveillance. Amh has started social be back on monday. Equity futures positive by 0. 7 . Alphabet and microsoft, they do not need rate cuts from the Federal Reserve. Alphabet we are talking about beats on the top and bottom line. Throwing a dividend an extra 70 billion Share Buyback. Lisa i was trying to put this into perspective because its one thing to see a random share gain 11 . Its another for it to be google. Those what 400 billion combined. Thats almost equal to walmart. Its basically to mcdonalds. Its unbelievable to see two names dominate in this way. Jonathan very happy with himself he will join us in about 10 minutes time. He says this is the mid 90s not the late 90s. For tech stocks. Lisa essentially this isnt just nice words about how Artificial Intelligence make robots cook our dinners for us this is about them expanding their Cl
Vaulting 1. 1 did feel better than the kind of run of the mill rally because it was as broadbased as you can get. And thats a terrific sign of staying power. But we had a real thicket to get through. Lets parse what happened today and figure out if the market can keep rebounding, because its not clear to me that it will. First we came in with minus 5. 46 , not as negative as it was a couple of days, but still a coiled spring. You know i fall the sbfs religiously. You have many down days, you can almost count on a bounce. I like to look at a years worth of the oscillator, we bounced on levels in august last year at almost the exact same readings, and then the market roared until this threeweek selloff. Its weird that the market can still bounce because it means there are rationality to things, but not every oversold bounce has staying power. In august and in early october did not in retrospect indicate a true bottom. Matter of the fact, things went right back to being awful. So maybe it
Here the dow fell 300 points on word of the attack, but we are modulating slightly. Treasury yields and crude as well oil prices in just a moment. Tenyear note at 4. 58 the expected run to safety. The question is is this performative to show we are retaliating. The reaction in the commodities market the initial reaction was steep and then we pared the gains. Crude is 82. 57 the story is in brent which surged above 90 a barrel. Were back below the level right now. As for gold, 2 2,395 that is unchanged. Bitcoin had the same reaction as we saw over the weekend with the initial strikes from iran. We had bitcoin now higher at 2. 4 64,882 as we await the halving which is expected over the weekend. Lets get a live report from raf sanchez in tel aviv. Raf, good morning. Reporter melissa, andrew, good morning for a week, the world has been waiting to see how israel would respond to the barrage of the iranian drones and missiles. We have an answer this morning and it doesnt appear at this momen
Despite posting a beat on the top and bottom line. Tesla is on pace for a sixth straight day of losses, now issuing some recalls for the cybertruck over faulty accelerator pedals lets begin with Market Reaction to israels retaliatory strike on iran, jim. So far, not a lot of signals that this is going to cause a conflagration. No. I talked last night about what we need on mad money, a crescendo of selling at 10 15, we thought we had that last night the fact that we now have decided that it wasnt important not we decided that it is less relevant, so weve come back up is, again, something i dont want to see. We have to have people decide that negatives are negatives, not that an avoidance of a negative is a positive so, i want to hear more from Richard Engel about israel, but the fact is that we were down so much, and then we come in, and then were up . What are we up for why are we up . How about flat how about down a little . We dont get that. So, it makes me suspicious of this opening
Yield curve beginning to stephen. Stephen. Steepen. They will be less foreign participation for treasuries. When you add in the 700 billion next year, we think that the rest of your recipe for a steeper curve. Is unlikely the curve ends steeper than it is currently . Unlessunlikely the fed starts the ease. Very unlikely scenario. Very much likely contining to flatten. Inflation maybe ticks up a little bit. The yield curve continues to flatten. Critically, it does not invert. Im worried about it, too. I think we need a watch it. She 10year treasury, high 230 is meaningful. The history of inversions is such that it is tending to be a reliable forward indicator of recession. Whatever you think about the way the world is supposed to work, it does not work that way in the last two weeks of the year. I think its a function of very Strong Equity markets. If they were to correct, they would go back down. I want to see them stay there after the first of the year. Jonathan joining me in new york