Why they like facebook and apple. Legal and legislative hurdles continue for technology, especially overseas apps. We hear from senator Marsha Blackburn and how much more needs to be done. We begin with tesla. Stock has been on a runaway rally. We saw shares of breach the ceos 420 of 420. An analyst joined meet to discuss whether the turnaround is working. If you look back at the last six months, it has been massively impressive what musk has been able to do in terms of turning this around from a demand and profitability perspective. Base case, 370. Is 580300. You could start to see the stock go much higher. Bull case, 580 to 600. A lot of that really rests on china. Taylor dan, ive spoken to a few neutral bearish analysts who really are concerned about demand in china. Do you have any sense of what could be a bear case if something were to happen, may be the economy starts to slow . What would need to happen for you to turn more bearish . If i look at the work we have , andin asia on
A good line of students. With exclusive. The must see concerning barclays culture to ensure a. Place to be curious minds. Do it yourself networkers. So subscribing and dont miss out. If theyre going to con im a heads into 20 twentieths record setting pace for december completes the longest ever period of growth in the us and the 1st ever calendar decade without a recession. Also coming up a landmark ruling in France Telecom company is guilty of driving its employees to suicide. And with the rise of ecommerce still bad news for south africas would seem that. This is your Business Report im stephen bears in berlin thanks for watching. Its a 1st in u. S. History the economy has expanded for 126 consecutive months and that also means its the 1st time the country has recorded an entire calendar decade without a recession but both milestones were reported today by the National Bureau of Economic Research to be fair the expansion began at a very low point the end of the Great Recession and it
What is next for him in the company . Text regulation, legal and legislative hurdles continue, especially for overseas apps. We will hear on how much more needs to be done. Action,arket specifically in the tech sector. The nasdaq closed above 9000. It has returned more than 35 this year and is on track for its best year since 2013. One of the best performers has been apple. It is one of the best performers in the s p 500 on a point basis. On as outperformed percentage basis. Another high, another day, another record at tesla, 430 a share. Tesla and elon musk have defied the shorts. We will have more on the record coming up. First, i want to look at the 2019 story of uber. The company went public in the spring, but has faced legal hurdles. Some battles were over its International Expansion plans, with london stripping the company of its license. Another issue, whether drivers are employees or contract workers. This week, we covered the man who cofounded the company, Travis Kalanick, and
Through a revolution what will 2020 bring and what names should you buy were going to begin with todays markets and bob pisani at the New York Stock Exchange. Happy new year. Listen, joe, we are way off of our lows lets take a look at the major average. All three of them still down, yet things are moving in the right direction. Apple turned positive. Nasdaq down here today dow industrials, youll see theyre down 95. S p we were 3216 was the low there. Take a look at the s p 500 essentially the lows were at 10 00 a. M. And buying came in. Its not heavy buying. The volume is about average for a day. But remember, this is supposed to be a very light volume week, so even average volume is better than normal. What has been weak in the market were way overbought, so big momentum names would be selling off. So semiconductors, Home Builders have been really strong, tesla is weak. Master card and visa, big momentum names, all of this makes a little bit of sense when youve had the price runups wh
Uber and lyft went on public with much fanfare. What does 2020 have been store . The s p 500 returning 46 so far this year. The last time we saw these gains was 2009 with the index returned 60 . The breakdown for what is driving this is michael regan. What is fueling this massive rally . Mike mostly chipmakers. Lam research. There has been talk about this rotation out of growth into value. Sells whatcell happened. It wasnt a great year for growth for most chip stocks. It is about the next big thing. What are the next big things . 5g, a lot of chips needed for that. Is in early stages. Machine learning, ai, there is a lot of optimism tilted around these innovations. The Cloud Computing arena has still not completely matured. The next big thing used to be social media, google, facebook, and those have matured to some degree. People are looking forward to that next big bump up in Tech Innovation we will see in 5g and iot and on and on and on. Taylor i want to look at this chart im showing