Also on the programme. Borisjohnson sticks with his pledge for a British Digital tax risking the ire of donald trump and possible tariffs. Showing big budget retail brands how its done one hardware shop in wales is proving a christmas advert doesnt have to cost the earth. Hello and welcome im Michelle Fleury in new york, Christian Fraser is in london. The nato chiefs had agonised over the celebrations for their 70th anniversary. Normally, as was the case with the 50th, it would have been held in washington, where the founding treaty was signed. But given Donald Trumps unpredictability and the obvious doubts he has shared about the alliance they decided to hold the summit in the uk. The actual anniversary was in april, attended only by Foreign Ministers nato worried what might happen if the leaders were brought together. And with some reason, the tensions were on full public display. There were the perennial disagreements over defence spending, Emmanuel Macron accused turkey of colludin
Compare it to. Reality check for the real real what a cnbc investigation uncovered sending the stock tumbling come on in the water fine. Dow and nasdaq soaring to alltime highs as treasury spreads hit the highest level since july is the bond market signaling its time to take off life jackets, jumping back into the record rally we mentioned the yield curve if you look to it 10year yield 1 the. 86 . German bunds back to alltime highs. Jp morgan to 130 all across the financials great gains we talked about it yesterday but ill say it again. Earning season a better than expected volatility is getting sucked out of the market right now. We were talking about 18s, 19s a couple weeks ago here we are in the 13 and a half to 14 and a half call at its you amazing how quick people digested whats going on in the options mechanic one area that i see more and more is Energy People going after some of these areas if you are looking at volatile names in there thats where we have seen it. Weve had 40 di
But a buy here and now does microsoft hold the key to new market high sns guy what do you say. First of all, you have to you know, we criticize dan on twitter. Really. He is criticized. Dan. Why. Why is he criticized on twitter. For being do youwers. But cant coined maga we can fire the graphic at the top of the show. Dan does know a lot. The maga trade. Yes. And look at the m. In maga as we know is microsoft so. Some hat. On straight valuation price to earnings its expensive look at the last quarter i mean, eps beat was significant. The revenue beat was amazing azure grew 64 year over year. Operating margins 230 basis points better year over year its hard to cast aspersions yes trading yall alltime high. People make a big deal of the 40 billion. I want 4 of the market cap, not insignificant. Answering the original question it can rally into earnings mr. Maga. What is a i. You from a trading standpoint, the stock broke out in early june about 130 basically trading between 130 and 140 s
Some level of that in the numbers. Its hard to say how much when the countries are meeting and talking, it is better than not cook telling me he sees no evidence that his products are being boycotted in china and that he has made no significant changes to his supply chain in response to potential new tariffs. We also talked about services up 18 when adjusted for currency in a onetime gain last year i asked cook about his new Video Streaming Service thats on the way and how he will judge its success by what metrics, cook saying the most important thing is one, the product, and two the number of subscribers and whether we are going to announce that or not, i dont know. We dont aspire to have the biggest audience working in cooks favor for these new services leveraging that massive install base or the number of active guys devices in peoples hands he says the active install base of iphones reached a new high. I asked cook about new regulatory scrutiny here in the u. S. He says he does not
Announces that the nsa director is retiring this spring. A expects trump to nominate successor in the senate will confirm his replacement. Global news 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. Im Alisa Parenti and this is bloomberg. Emily im emily chang. This is Bloomberg Technology. Amazon taking another big hardware leap, Virtual Reality glasses will be shown next week at it convention in las vegas. Uber ceo ise former selling some of his stake in the ridesharing startup. And a sensation over the last couple of weeks, can the Company Strike while the iron is hot with investors. The first ever pair of augmented reality glasses connected to alexa will be unveiled next week. Pairing up with the glasses developer to manufacture the device. In a statement the tech giant says it is excited about the possibility of bringing services to customers in a new way. Intel ceo sent me the first keynote and as we have been reporting a flaw in the desig