Markets. Theyre striing to close out a stellar month in green we are looking like that ham, but u off the session highs. The dow was up now up about oh, about a fifth of a percent its the ipo of the day. More on that one coming up 40 . Shares of consolation brands we have an exclusive with the ceo straight ahead thanks. We begin this hour with a trade war. President trump getting ready for a face fo face meeting with president xi in a few hours. Kayla is live at the g20 summit in o saka, japan, with the latest kayla. Kelly, that 90minute meeting is taking place 209 days after these two leaders last met at the summit in argentina and white house officials are exp t expecting a similar outcome. A cease fire of sorts. Although aqui knowledged the situation is trickier. China has walked back some principles that had been ironed out and the white house has introduced some of its own hard line policies in the meantime. So that makes the situation tricky, but none the less, any cease fire thi
Rising still posing an alltime high and the nasdaq advancing how is that we could rally so hard much better than this close . Closing figures . On generally good news and then lose our momentum. At one point we were flat lining for advancing the final hour of the day. I think we got dragged down by the very same force that allowed the averages to rocket higher than the first half of this year dow gaining 14 . S p polling 47 and the nasdaq going up 21 and that forced skepticism the market is full of skeptics its full of bears who sometimes masquerade as bulls. And their doubt is the fuel that lets us go higher. Bull markets thrive on disbelief. The moment everyone believes in the bull, the rally is over because there is no one left to buy. Let me explain first this weekend President Trump declared a truce in the trade war with china and i phrase it that way because it was so onesided president xi didnt seem to give up everything but if trump is willing to ratchet down the tensions, im n
might be moving higher today is because of the positive reports out of china that the tesla plant in shanghai has reopened and has resumed production we say these reports because this is according to local media. we have not heard confirmation from tesla itself. unis une says workers er ers we entering wearing masks to start production carl mentioned the volume last week, 172 million shares, way, way, way above normal. now to that exclusive data it has to do with the battery cost for tesla and other automakers as they re building electric vehicles. look how much it s come down for tesla. this is according to paired energy research advisers they basically look down battery, look at the battery pack, the management system and they say tesla is now down to $156 per kilowatt hour that s at least $45 to $55 above all other automaker who is do not use the same type of battery pack according to sam jaffe with karen energy research, this is an advantage that tesla is using and will u
Staff john kelly said the president will be briefed today on the democratic rebuttal of the gop memo alleging bias that at the fbi and doj. Trump has the document, but has reportedly not read it. He has until friday to block the release. And an infrastructure proposal next monday, hoping to generate 1. 5 trillion in ending on spending on roads, bridges, airports, and other public works. Only 200 billion would come from the federal government. And the pentagon says the war in afghanistan is costing u. S. Taxpayers 45 billion a year. Lawmakers grilled the Trump Administration today. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Cory i am emily chang. This is bloomberg technology. Afterhours trading soaring as much as 30 after smashing estimates in the fourth order. We will break down the companys first earnings victory since it went public. And the take on the gender dynamic in Silicon Valley. My conversation
Its been building for a long time. Relations with russia ice over. Theres a low level between our two countries. The worlds two most Nuclear Powers cannot have this kind of relationship. The one thing you can be sure about the russians is they are never up to any good and theyre not our friends. The u. S. Needs friends and alleys. The United States gets the best allies. I said it was obsolete. Its no longer obsolete. More geopolitical trust between china and north korea. China is north koreas man ally and trump needs chinas help to diffuse the situation. Bullets fire and a little girl is almost caught in the cross fire. Were lucky she didnt get hurt worse. Comedian Charlie Murphy died of leukemia. He was best known for his appearances on the Dave Chapelles show. Workers got traffic just in the nick of time. All that the cubs are showing off their world series claim. I feel like and all that matters. Theres no job that will humble you like the White House Press secretary. Is there anyth