Theres one stock that traders are piling into ahead of the event. Well give you the name. And then later, has the beer bubble finally burst well tell you whats taking the buzz out of brews in a very special report first, well start with the f. A. N. G. Resurgence. Facebook, amazon, netflix, google, all surging after a slow month. Nasdaq closed at a fresh record high today do you keep buying these stocks . If these names can get going again, just how high can the market go . What explains this we had all this good economic data, in theory rates should have been higher thats usually good for the deep cyclicals. Instead, it was good for f. A. N. G. s thats what was per president electing the fact that the Economic News was so good, people were buying f. A. N. G. Stocks in the past because that was the only place you could find growth. Now in theory you should be able to find growth elsewhere so why are these up . One reason might be people think the fed is going to stomp on the recovery t
A thank you to the religious conservatives who helped him get elected. The director of the antiNuclear Weapons campaign that one the nouvelle peace prize novell peace prize says we cannot threaten to slaughter hundreds of thousands of civilians in the name of security. Beatrice fan of the International Campaign to abolish Nuclear Weapons told reporters in geneva that the election of donald trump as president of the United States also sends a message. Ways forare no right the wrong weapons. If you are uncomfortable with the idea of donald trump having Nuclear Weapons he is able to launch, you are uncomfortable with Nuclear Weapons in general. I think that is really the message that we want to come across. Fihn said the award signs a needed light on the need for a world free of Nuclear Weapons. News powered by more than 2700 journalists and analysts in over 120 countries. I am mark crumpton. This is bloomberg. Julia live from bloomberg World Headquarters in new york joe i am joe weisenth
Switch shares up about 24 this afternoon. Well look at whether that treasury move could help juice the market for ipos coming up. Meanwhile, the new blade runner sequel hits theaters this weekend were going to look at whether this film can revitalize the struggling box office. Lot of fingers crossed in hollywood here as they bring Harrison Ford back one more time. Well see. Good luck. Hope it works. Lets begin today with a jobs report, though. Eyeopening number hs this morning. Our senior economics reports Steve Liesman joins us from austin with a breakdown of those numbers. Steve . Reporter yeah, bill, you had to cast your eyes down on this number here. But whats happening right now is people are really throwing out the weak number on the top line and looking to the details of the report and they find strength here. Let me show you what theyre talking about here the top line number minus 33,000 quite a bit below the 80,000 estimate you have the revisions to the prior months which were
And good morning and welcome to Worldwide Exchange. Im seema mody in for sara eisen. Im dominic chu futures are shaping up to be a little bit more on the mixed side of things right now we are seeing the s p opening up just about flat if Current Conditions hold. The dow jones off by 4 points and the nasdaq up by 7 overall if you take a look at the equity picture, we are still hovering near those record highs. As a reminder the u. S. Bond market is closed today in observance of the columbus holiday season. We will have a deeper dive first, to some breaking news out of washington overnight. President trump calling on congress to fund the border wall as part of any deal for the socalled d. R. E. A. M. Ers. Nbcs tracie potts live in washington with more on that good morning, tracie. Hey, seema. Good morning, everybody. It did happen within a matter of hours. Not too long ago President Trump laying out hiS Immigration agenda for Congress Already overnight. Democrats are saying this wont work
Both up this morning crude oil, it is still hanging in there right below that 50 mark, of course and theres brent crude as well. Lets get to the road map. It does start with that market coming off a record breaking rally. The question of course, will it continue and big changes at ge the new ceo making his mark on the company as a new investor joins the board. A nail in the could have infor tax reform a top gop senator warns that President Trump threatens world war iii. The markets looking to continue its record run with the dow and s p in the midst of a fourweek winning streak but Technology Closing on friday at the new record high. Bar beingiring a large selloffe trump dow rally ochb track to surpass the 23. 3 gain posted in the year following the election of George Herbert walker bush. One would imagine we will hear tweets or get tweets about that the minute it happens. It is a major accomplishment and were coming off another week where all three major averages closed up a percent a