Of those involved in made several arrests. The largescale protest is also planned for new years day. Global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. I Mark Crumpton. This is bloomberg. Scarlet i am scarlet fu. Taylor this is Bloomberg Markets the close. Arlet forget call and think oil. President trump set up polymeric trade deal is done, sending crude lower. Cofounder Travis Kalanick steps down. We have all of that and more coming up. Taylor first i want to get a look at the markets. The tech sector, i know i am in San Francisco and you think it is all i can talk about but i continue to be astounded by the tech market. It is a big out performer. Today not a ton of movement but on the year it is the winner. Tesla about 420 a share. In my world, another day, another record for shares of tesla. I know you are also taking a look at the 10 year. We were talking about this global bonds selloff, the ri
Yearoveryear number of six point 3 . Kind of a mixed bag with regard to some of the key headline embraced. Key headline numbers. Inflation and a Housing Department that seems to be chugging along. Guy the real number that stands out throughout the day is the capital goods number. Quite soft. Months this time really picking up. That is a sign of strength coming out of the u. S. Economy but i dont think people had anticipated and thats probably why we have seen yields rising at the front end today. These numbers confirm for the inflation story is going. Weve been hearing from the fed time and again they want to get back to target. They want to get some of these Inflation Numbers a little bit higher. Capital goods numbers drawing a lot of attention across the numbers. Start with the durable goods report and those capital goods numbers. Mark the numbers have been bad all year. In the month of october they decided they needed to go out and spend some money that thats good news for the econo
If you are looking for leadership in the market, you are going to find it in real estate. That is not necessarily encouraging. Secondbest performing sector is consumer discretionary. This is typical this time of year. You see a lot of retailers being bid up ahead of the black friday shopping season. You are also seeing a lot of the big retailers and apparel makers getting bids higher here. Then we take a look at treasuries. Third straight day weve seen a bid going back into treasuries. A lot of this is actually a little more on the short end of the curve. Seeing a lot more bids in the twoyear space rather than the 10. That is creating steepening, but still, the flattening over the past six or seven weeks still pretty dramatic. Gold rebounding off its lows for the day. It had been down. A lot of bearish notes coming out saying that the gold rally may finally have run out of steam. We got some data out of china showing purchases there, imports into the country have fallen. We also had so
Afghanistan. Both sides want a ceasefire. We areake a look at how shaping up for trading on the final trading day of the week in asia. We do have one market up and running, new zealand, trading for about an hour now, currently higher by 0. 5 , continuing to hover around record highs for the index. Sydney is poised to open higher as well. Futures currently up by 0. 4 . Different story elsewhere in asia. Y akei futures, weaker b little more than 0. 4 . The kospi is looking flat as well. We are expecting a fair bit of data out of japan and south korea today. We will break that as we get it. We will provide analysis as well. Lets get a little more on the markets now. Theinued speculation that reserve bank of australia will be delivering more stimulus. Shares have hit another record. We have the final policy decision for the rba due next week. Our next guest says it is three rate cuts in six months that will supercharge the markets. The chief Market Strategist of investment joins us now of
Balloons increasing 26 to just a little less than 1 trillion. Joining us for the hour is chris verona, Strategas Research partners here we are, we can see it, we can taste it, a new record high and everyone is really calm around hiere. The lack of euphoria is telling. Theres this great divide between perception and reality what are the headlines impeachment, recession, china, pmi under 50 but the reality is, signs of cylicality are starting to show up in every corner of the globe. You see it with semis and with trucking stocks, german dax is at a 52week high, the banks are acting better. I think the tone of the market is so different than what the tone of the front page of the paper says every day and i think thats bullish great to have chris with us for the whole first hour of the show, particularly given that we might have that record alltime closing high for the s p 500 the key level to keep an eye on, by the way, 3025. 9. We are at 3022 at the moment lets focus in on the big storie