This morning of course, our last trading day of the year. Speaking of 2017, it has been a blowout year for technology. The nasdaq gaining roughly 30 the index on pace for its sixth straight positive year in a row, the fifth time since 1980. Bertha coombs is at the nasdaq and she has more for us. Bertha david, as mark twain put it, history doesnt repeat, but it often rhymes, and thats certainly true with the nasdaq 100. The big caps up for the ninth Straight Year in a row, the longest annual streak for the index since the big tech breakout of the 1990s. These four mega caps, you know them, apple, microsoft, amazon, theyve made the biggest impact in terms of the upside gains for the s p 500, overall market, and when you add in alphabet, they actually account for twothirds of the nasdaq 100s 15point gain this year microsoft benefiting from its shift to Cloud Technologies is up for the sixth Straight Year, thats its best straight winning streak since the launch of windows in the mid 90s, a
We see little bit of a lack of direction when it comes to stop. The stoxx 600 is pretty much flat, moving sideways. There has been quite a lot of movement in the u. S. 10 year yields. This week we have been looking for the 3 mark. We have not gotten there yet. Investors are trying to figure out exactly the Monetary Policy. And you have a little bit of movement in the euro sck. In the meantime, you can see the andmberg dollar index coming up, we talk brexit and trade. Later, david bloom from hsbc gives us his forecast. E talk gun0 p. M. , w control. Now, lets get straight to the bloomberg first word news with nejra cehic. Nejra theresa may held an eight hour brexit session in an attempt to win anonymous backing for her divorce plan. She went to give european rules in many areas, while breaking away partially or fully with others. The European Commission preempted the meeting by saying what it has heard of her plan will not work. Former Trump Campaign chairman Paul Manafort and onetime a
Most accomplished Public Servants in their respective nations as well as two of the most astute analytical observers of the middle east and its prospects. I live in abu dhabi right now and ill tell you it has been a challenging year for businesses in the region, for political folks, for government entities, and if you if you look at it in a snapshot, you paint a picture of all sorts of challenges and obstacles, many of which we are discussing at this conference. Parsons has been in this region for 60 years. Theres 4,500 of us over there right now. I think we tend to take perhaps a longer term view or open a little bit about whats going on in the region. If you do that, i think you can find some signs of promise. I think if you actually examine some of the structural developments under way, theres reason for optimism. I see promise in the embrace of Smart Technology throughout that region. And if you doubt me, go visit dubai and see what theyre doing in terms of integrating digital tech
It is about Central Banks this week. Julie it is. We are not seeing much activity. There is earnings still in a number of various deal agreements happening today. Oving the s p slightly lower. A big finish for the nasdaq on the strength of tech earnings. We mentioned a number of deal targeted Companies Moving today. Lets move them. Being targeted by lennar. A 27 premium. Gy is selling itself to the largest tech generator in texas. This is a medical deal here, based in france, it trades here in the u. S. For 3. 9 billion in cash. Radiopharmaceutical company. Finally, capello education. Apella education it has 80,000 students across the United States. We are also watching apple and the usual apple ripple effect. Delivery times for the iphone x stretching to six weeks in the United States. That implies there is Strong Demand for them. We had that big finish for the banks friday. Momentum helped by apple is continuing to some degree today. Mark after the monday session risingup for that af
Estimates, revenue from this widely held stock also fell short of expectations. And this comes despite big blockbusters at the Box Office Like the force awakens and zootopia. Disney earned 1. 36 a share, below the 1. 40 that analysts expected. Revenue of 13 billion was higher than last year but wall street was looking for even more. And that along with lower ad sales in disneys Media Business weighed on shares. Julia boorstin has more on disneys disappointing quarter. Reporter disney shares falling in afterhours trading on earnings that were short of wall street estimates for the first time in years. Still adjusted earnings per share grew 11 on standout gross from the movie studio growing its revenue 22 and its operating income 27 from the year ago quarter on blockbusters the force awakens and zootopia. Ceo bob iger kicking off the thannings call by talking about the h films. There seem to be concerns about the Media Networks division including espn, its revenue is flat in the quarter,