Is always one step away from the slaughterhouse, include thing one. Every day is the last day of the bull its been that way for as long as ive been following the stock market its going to stay that way. Just a fact of life. Like when you get a daily today that repels the averages from double digit gains, dow dipping 62 points, s p declining, nasdaq losing 0. 82 youre going to hear that the bull has died of xexhaustion after a hard, long run the bull welcome the bear. So tonight lets deconstruct the latest in a long line of bovine oh witbituaries to put it in perspective. That way we can understand how it can be resuscitated every time since ive gotten in the Money Management business, bulls die all the time they rarely stay dead for that long first, as i always tell you, if you want to know the key to the stock market, you have to know the key to the bond market, which is the benchmark tenyear treasury i hate bonds theyre so boring, arent they you buy them, you get your money back in t
People to focus on stocks, not policy. I found the change truly refreshing, even if today was a pretty blah session, dow inching up three points, s p spansing 0. 05 , nasdaq rising 0. 16 . N next week, im sure well be looking for it to go right back into that trump prism as hes pledged to talk more about trade which is code for buy american. Well have to look out for anything that could scream trade war. Were also going to need to Pay Attention to the possibility of a rate hike this month, something i think well take as a given after we see the labor departments nonfarm payroll report next friday. I dont mean to jump the queue of the calendar here but friday is the most important day next week because believe it or not, we actually need to see a strong jobs number. Why . Because so many financials, the banks, the insurers, so many of them have rallied so hard in anticipation of a march rate hike that if we get the weak number that might discourage the fed from taking action, it could c
Compared to a year ago for the third time in a row. Apple did Beat Estimates on the top and the bottom lines, thanks to betterthanexpected iphone sales. Looking ahead, tim cook says apple is returning to growth, issued a bullish Holiday Outlook and commented on the companys product pipeline, including autos. Take a listen. Were always looking at new things, and the car space in general is an area that its clear that theres a lot of technologies that will either become available or will be able to revolutionize the car experience. So, its interesting from that point of view, but certainly nothing to announce today. All right, so, jason, is he being unfairly criticized by the do i have to wake up . Is it tim cook speaking again . Its like your uncle putting you to sleep every time. He says so much of nothing when he speaks. Listen, you want to talk about the cars or the phone first . Lets do the phone. I think we need to touch on the phone. Yeah, because the phone, obviously, we all know
Dissension within the gop, trump said he is not ready to endorse House Speaker paul ryan or senator john mccain. New york congressman Richard Hanna is the first house member to announce support for hillary clinton. In an oped, the retiring that donaldwrites trump is unfit to serve our party and cannot lead this country. Italy says it will evaluate any use of the sicilian airbase to launch strikes against the Islamic State stronghold in libya. Italy agreed to let armed u. S. Drones to take off, but only to defend American Forces targeting extremists. Global news 24 hours day powered by more than 2600 journalists and analysts in more than 120 countries. Im mark crumpton. Emily im emily chang and this is bloomberg west. The latest inbit the tech parade. Plus, tech megamergers maybe you keep rolling in. And, instagram takes a page or maybe a whole chapter from the snapchat playbook. Are the latest product changes enough to take on the disappearing competition . First to our lead, investors
Islamic state. Italy agreed to let armed u. S. Drones to take off, but only to defend American Forces targeting extremists. Day powered24 hours by 2600 journalists and analysts in more than 120 countries. Im mark crumpton. Emily im emily chang and this is bloomberg west. Coming up, fit at the latest in the tech parade. A of trackers may be gaining traction. Tech made tech megamergers maybe you rolling in. And instagram takes a page or maybe a whole chapter from the snap chat labor. Changeslatest product enough to take on the competition . First two are lead investors liking fit it and sc posts earnings. To 586 growing up 46 billion from a year earlier, suggesting new fitness trackers are getting a leg up. Gross merchandise sales, the value of the goods that passed through the forms increased to 670 million. So are things turning around for the stock market rookies that went public last year. Here with me to digest is cory johnson and the cofounder of Elevation Partners and my guest on