And our extended conversation , with the ceo of qualcomm. Why he thinks 5g will change the way we do business forever. It is starting to feel like the Holiday Season. Americans got out their wallets over the holiday weekend, spending more than 70 billion on shopping over that fourday period. Amazon is gearing up for the heavy spending month by heading back to basics, testing cheap warehouses. That will let merchants to store resources near amazon delivery locations. It will let merchants avoid storing their goods in amazons warehouse base where they pay premium prices. To discuss, we are joined by ysomberg technolog spencer. What do we know about the new Service Called storage and replenish . Spencer we know they are giving this a try in southern california. Highlighted it nicely. The problem with amazon this time of year is it is always a race to create capacity. It has these expensive automated facilities with conveyor belts, robots shuffling things around. Those facilities are expen
Years end after more than 30 years with the chicago pd. All eyes will be on china and madrid. Almost 200 countries will be there for the United Nations climate talks. China is in focus for several reasons as the largest investor of Renewable Power but also the worlds top carbon polluter. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. China is im Mark Crumpton. This is bloomberg. It is 1 00 in new york, 6 00 in london, 2 00 a. M. In hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories we are following on the bloomberg and around the world. Checking the pulse of americas factories, manufacturers feeling the pain as ism data contracts for the fourth straight month. U. S. Stocks in the red. The s p 500 heading for its biggest drop in two months, as President Trump says he is resuming steel and aluminum on brazil and argentina. On
Reporters. Taylor i will take a look at a chart here i am showing which is looking at the s p 500 for the month of december. I know it is only the first day of trading in december. We are off about 0. 8 . This comes after a very good november in which we had our best month since june. If you think about historically where we have been, december 2017, nothing really happened. December of 2018, a big bottoming out. The index lost more than 9 , bottoming out there on Christmas Eve before a big run up which led to the 25 gain or self we have seen gain or so we have seen this year. Is relatively muted. Still early days. We will have to see how the rest of the month unfolds. Called the skew index, the panic index. Last summer, well ahead of the Fourth Quarter volatility, the skew index in white here, highly elevated as the vix index. Stocks took a big nosedive in blue. The vix then caught up. This year, volatility relatively suppressed as the s p 500 going for near alltime highs. Since octob
Are feeling the pressure. Our extended conversation with the ceo of qualcomm. Why he thinks 5g will change the we forever. Americans got out their wallets over the holiday weekend, spending more than 70 billion on shopping over that fourday period. Basics, testing cheap warehouses which will storemerchants to resources near amazon delivery locations. It will let merchants avoid storing their goods in amazons warehouse base where they pay premium prices. We are joined by spencer. What do we know about the new Service Called storage and replenish . Know they are giving ins a try and a try southern california. Ontario, california. With amazon this time of year, it is always a race to create capacity. It has these expensive automated facilities with conveyor belts, robots. Those facilities are expensive so it is not smart to use them for storage. Amazon needs to supplement the Storage Capacity for those facilities with cheap, plain old warehouse is nearby. They are kind of scouring the cou
Streamers and those in competition with one another. 16. 5 percent taken off the growth of the stock this year. It had been a 400 growth rate. Not a huge amount, but a little bit of trepidation with disney getting in on streaming. Disney down 1. 6 . The market is dragging down with it. It had a great weekend with frozen 2. Disney to be happy about but the stock is lower. Guy in europe, we are at session lows. Stoxx 600 down by about 1. 5 . Every sector in negative territory. We are suffering from a compound, compounding factors. It started with decent data and the market went up, and then not then thegood and narrative has followed through. The u. S. Data not helping. Yields are eight basis points higher. A bid on the euro. Eurodollar, an incredibly tight range of the last month, but today up by around. 5 . The ecb president is speaking on Monetary Policy at the european parliament, saying the bank will be resolute in restoring price ability. And she also said an upcoming strategy revi