And it would obviously be fairly strong gains the week after the weakness we saw in the Broader Markets last week. Not a lot of individual news this morning, jim. But always curious as to what caught your attention. Oil at 40 makes people feel, wait a second, maybe the economy is not so bad. Maybe thats the v. We have of course an apple price target boost a couple of Companies Reported that were not disastrous thats regarded as being positive and the day traders, they dont stop at one point today, were going to have to talk about them because of a tragic instance that happened. Ive been seeing that in my twitter feed as well i think cnbc has done some reporting on that in terms of robin hood very unfortunate and well talk about that and well talk about your friend who i know you follow closely, but back to the Broader Market and back to something we spent a lot of time talking about over these last few years which is china trade. Bloomberg is reporting that they will accelerate its agr
Through 1. 55 , is back at 1. 56 . The dollar continues to strengthen as well. We are very close to the 100 mark for the dollar index. The your a particular the euro a particular feature of that. Story. Ple the big hsbc also worth focusing on, down by 6 today. The new strategy doesnt seem to be finding favor with investors. It is around 28 points off the ftse 100. Gives you idea of the skate and weight and of the of hsbc. Coronavirus certainly present when it comes to the coronavirus story. 1. 07 handle we had a one dollar zero seven cents level we had a 1. 07 level if you minutes ago. Vonnie apple saying work is starting to resume around china, but experiencing a slower to normal return a slower return to normal condition than expected. For more, we are joined by steven milunovich, Wolfe Research managing director, over the phone. Almost 50 of factory workers are not at work in china, so this statement, even though it came from apple and is providing a drag on stocks today, could almo
What they have to say about what elon musk is doing right and wrong. Facebook and apple are poised to post earnings wednesday. More on what wall street wants to hear. First to our top stories. Shares of amd fluctuating in afterhours trading. Earnings met analyst expectations for both the top and bottom line. That includes thousand in mind revenue forecast. Suggesting the number two maker of computer processors is getting on intel. Gaining on intel. Lets talk a little bit about the share price reaction following afterhours trading. A little light. 50 million. The stock was down than up and down. Down then up then down. Gross talking about 50 growth from a year ago. That is not bad. I hope that people hope for more when they put so much to work in the stock. They have put a lot of money to work. I am coming into a chart that shows the stock is already up about 14 yeartodate. How much of this was expectations early and high . How much was good news from the company we got today . It is th
They have to say about what elon musk is doing right and wrong. And facebook and Apple Employee post facebook and apple earnings. More on what wall street wants to hear. And a chipmaker reported thirdquarter earnings that met top and bottom my expectations, including inline fourthquarter revenue forecasts, suggesting the number two maker of computer processors is gaining on rival intel. Covers this for us. Falling in after hours trading. With the former guidance a little bit light . Ian about 50 million, but nothing to panic about. The stock was up. Also, with the forecast, there or thereabouts, we are talking about growth from one year ago, so that is obviously not bad. To workut so much money in the stock, and they did not get any upside. Taylor well, and they have put a lot of money to work. My bloomberg terminal showing it is up about 14 yeartodate. How much of this was expectations really high, and how much was good news from the company we got today . Perfect mixture of people ge
Money,. And with retail earning season about to kick off, we start off with potential to believe the death of the consumer has been greatly exaggerated. Bank of america upgrading the discretionary sector an overweight from an underweight, laying out a host of reasons growing hopes for a soft landing, no recession means more consumption, they say. Plus, consumers biggest debt burden, their mortgage, are in fixed low rates. So, not subject to moves and bond yields. Analysts highlighting rising real wages and earnings beats in the discretionary sector should this signal we are in for strong reports next week guy, maybe were just too worried about the consumer, everything is just fine in consumerland. I wake up for it, mel i know. I understand why theres reason for optimism without question u. S. Consumer will always spend if nothing bad is going on and i always view it through the lens of the stock market when theres an event in the stock market to the downside, thats when Consumer Behavi