Waiting new tariffs on 3 billion of experts waiting germany, france. The nasdaq is falling. Abigail doolittle has been watching this. Why the sudden drop . Up. Ail reality is catching its has been disbelief for many market watchers as stocks have climbed. The nasdaq just yesterday at an alltime high even as we have had disappointing economic data. And more recently news around the virus hotspots in the u. S. Today the information coming out hitting stocks. The s p 500, the nasdaq down. It is a continuation of the big selloff we had two weeks ago. Volatility showing up in other asset classes. Bonds themselves rallying. It was a true risk off day. Virus fears weighing on stocks but another factor, the nasdaq 100, i was talking about an alltime high, it is amazing how far it has gone, climbing the wall of worry, now a bit of a pause if the bulls are lucky or if it is a steep uptrend, you could keep it parabolic. For physics that cannot hold. You could see potentially a bad decline. Hopefu
Various governors about how and when to reopen the economy. Jobless claims we are expecting would bring the total over the last four weeks to 22 . Economists say that 20 employment at the peak is a realistic scenario for the united states. Sarah ponczek, talk to us about the rally today and how big a parnas tech have to play . Sarah tech really has played a very large part in the rally. You mentioned the s p up 3 . Your techheavy nasdaq, up 4. 3 . Google, microsoft, all of them at more than 4 . Yesterday, we saw the s p fall 1 while the techheavy nasdaq rose 1 . That is a discrepancy we have not seen in the history of the benchmarks. Aureen moore, tech is seen as safe haven play. You can look at these discrepancies to see how important not just tech but really these large mega cap names have been playing in the rally. Equal weighted version of the nasdaq. Amazon, microsoft, still down 7 on the year. Cap, where they really do rule the game, now less than half a percentage point away fro
Estimates by about 0. 30. Revenue was also better than estimated, and they see revenue up, so that stock jumping in the premarket. Time now for global exchange, where we bring you todays market moving news from around the world. From hong kong to brussels, des moines, iowa and new york, our bloomberg forces are on the ground with the latest top stories. Chinese growth and imports beat expectations. With us from hong kong is in the curran. Is enda walk us through the numbers. Numbers. Ty good a couple of factors behind these good trade numbers, sentiment was much better in the month of december and late last year in advance of the trade agreement that is going to be signed this week. There was an element of front running of the orders because in Chinese New Year falls january. A base effect gives the numbers a bit of a polish, but also importantly, china found new markets even as it suffered from tariffs on its goods going into , and even into europe. Nd Southeast Asia total chinese exp
Alphabet. We will have details. Wework went from one of the most anticipated ipos to a floundering Coworking Company just trying to survive. We will look at what it faces in the new year. But first, our top story. Bloomberg was the first to report the iphone maker has a secret team working on a satellite technology, striving to find new ways to beam data directly to its devices. This is all according to people familiar with the matter. The company has about a dozen engineers from the aerospace satellite, and antenna Design Industries working on the project with the goal of deploying their results within five years. For more, i want to bring in bloomberg technologys mark gurman. What do we know so far . It is topsecret. It is operating like a startup in apple. It has the right funding. It has the ear of tim cook. It has a bunch of Aerospace Engineers and executives working on a plan to let iphones and other apple devices receive their data directly from apple developed antenna towers, s
In 2018, a group of female Venture Capitalists banded together to found all raise with the goal to change the face of those investing in Tech Startups and the people who build them. It is the industry thats changing the world faster than any other, yet it is also one of the most dominated by men. Joining me today on bloomberg , aileen lee, founder of Cowboy Ventures, kirsten green Founding Partner of forerunner ventures, and maha ibrahim, general partner at ataan ventures, all partners all raise. Emily in april of 2018, you all were on the cover of forbes magazine. This is space normally reserved for men, normally reserved for male billionaires, and this is the first time, as i understand it, that a group of women was on the cover. When you saw this, how did it make you feel . We were all in awe. This was the culmination of months of work, and frankly, at this point, in decades in the background conversations, and wondering whether or not our industry was finally going to be as diverse