It boils down to a simple question, are we set up for a yearend rally or not . I think thats what our viewers want to know more than anything else. I think its possibly. A tug of war between high Interest Rates, geopolitical tensions, valuations that are high, and an economy thats strong, earnings are delivering and a consumer thats remaining resilient. I certainly think thats a possible outcome. Lets remember, if we rallied back to those july highs valuation becomes an issue again especially if its driven by the stocks that the magnificent 7 and rates have stayed higher, you have those same tensions at that point. When we look over the last two years, scott, markets havent gone anywhere, since june, markets havent gone anywhere, but were seeing a loft opportunity you underneath the surface because of the narrowest of these stocks, so i think the answer is yes, you have to be a lot more selective. 11 of the s p 500 reporting this year, netflix and tesla, those are critical. Yields are
Good morning for our audience worldwide, this is bloomberg surveillance on tv and radio alongside tom keene and lisa abramowicz, im jonathan ferro. Just about positive on the s p 500. Tom not your father strike. When i saw it, they nailed it about the 10 00 p. M. Stock. This is an original strike going back over to uaw history, back to 1958. Into real challenges before world war ii. It is an original strike, a selective strike, that is what is new. Jonathan gm said they offered unprecedented package. From ford, the union made little movement. Rambo, we have not heard from this white house, have we . We are waiting for a statement from the president. Lisa hit the he did speak with the leaders and auto manufacturers. What did he tell them at a time where his policy is contradictory . In one hand hes pushing for electric pickles and a lot of the vehicles are pushing back on yet they are helping some of the auto manufacturing with those. On the other hand, it is it is the most prounion in
european stocks recouping some of the losses. markets trying to focus on the containment effort of the strict rules preventing unfair competition. coronavirus. prime minister boris johnson this is what gold is doing. rejecting the demands and insists the u.k. will thrive dropping 1567. with or without a trade deal. 10 year yield at 1.57. , theg up right here powered by more than 2700 journalists and analysts. this is bloomberg. francine: thank you. forecast of slower growth in asia. we will speak to the chief executive at 10:30 a.m. u.k. time. now we are just getting some let s get to the first word news news out of opec plus. in new york city. we begin with breaking news russia is ready to take part in this opec plus agreement if a this morning. meeting is called. bloomberg has learned the iowa democratic party is postponing this according to the kremlin. we will have plenty more on the the release of caucus results after inconsistencies in story throughout the day. one of
I dont know what that is. Wow. Santa claus is coming down the chimney early. Its not me maybe they signed that bill its an alert. Lets begin with this debate on shares of facebook, okay. Up 50 , as we said they are down just a little bit today. Moffat nathanson conclude in all things media they wonder whether theres much left in this stock. Sorry i think there is a lot left. Thats me, judge i think there are potential bumps in the road and we know what most of those are european concerns about security and privacy. I think thats among the biggest concerns youd have. Regulatory . Yes. Regulatory out of europe. Look, they say the bear case has become clear they say core facebook may have run out of room to increase its ad load and losing users from young demos. And yet they will see Revenue Growth of 30 and margins go higher they have instagram so they are actually addressing the younger crowd. Havent even monetized oculus or wha tsa pp i dont think it repeats 50 year over year i still t
A massive loss and that stork is do sto down almost a percent. Phil lebeau is gearing up for the tesla call which starts in 30 minutes and well check in with him a little bit later and we have David Garrity manning the red phone for the Conference Call. Well hear his instant reaction later. First, we cake it off with Julia Boorstin who just spoke with Sheryl Sandberg moments ago. I just got off the phone with Sheryl Sandberg and we spoke after the earnings crossed and she wanted to talk about what drove the costs to better than expected revenue and earnings. The brands are moving to facebook and mobile. Advertisers are moving dollars over to reach them. Heres what she said about growth outside of facebooks core app. Instagram is a growing part of our business. We have now 8 million business profiles on instagram that are Small Businesses and were seeing a lot of usage and we are casting ads and stories. Messenger is really in a much earlier stage and something that we are really focuse