Pound is down today, and the ruble is under pressure. Angela merkel, the german chancellor, appears to be leaking nord stream 2 with the poisoning of alexey navalny. Some suggesting that maybe we could see that project halted or not used, but currently the link between the two providing some consternation in moscow. The u. K. Is preparing for brexit talks to fail and planning new legislation to potentially override parts of the Withdrawal Agreement, as the u. K. Foreign secretary dominic raab calls for a moment of reckoning. It is a week up call for the eu side. Weve got to a position where there are only two points really holding us back, but we cant accept that the eu will control our laws. That is the reason we are leaving. No other country goes into trade organizations into trade negotiations on that basis. Guy is Boris Johnson now basically signaling that he is prepared to accept a no deal brexit . Hes basically sent out on emailed today saying there needs to be in agreement our e
Now looking at none to one. This is bloomberg surveillance with jonathan ferro, Lisa Abramowicz, and annmarie hordern. Jonathan live from new york city, good morning, good morning. For our audience worldwide, this is bloomberg surveillance with Lisa Abramowicz and annmarie hordern, i am jonathan ferro. We got to begin with this name. Apple. The latest reporting from our colleagues at bloomberg. Apple canceling a decadelong effort to build an electric car. Lisa a decade ago it was building a car would be the next vr headset, the next artificial realitytype of experience. It turns out it is a bad business to build cars. Its a Good Business to say we have something with ai in whatever form it is and it will transform your life. That will gain more traction. Jonathan there is information what theyre moving away from, moving into, and how the market responded. The stock rallied which tells you everything you need to know. Apple imagined the car being priced around 100 k but executives were
Interesting to watch after the inflation print. We are standing around 4. 62, and moving one basis point lower. We were at 4. 60 today and you have seen moves of more than 10 basis points this week. We started above 4. 70. Bitcoin above 62,000 darling towards record highs. We were only thousands of dollars away and it has been quite parabolic. Some midday movers on the equity fund ash equity side. We are looking at good news and bad news. Snowflake is falling by the most ever by delivering a disappointing Sales Forecast, and then announcing their ceo is stepping down from the role. We are watching shares at best buy rising on an up earnings outlook and now up more than 3. 6 . The company has been struggling with soft demand and seeing the biggest gain since may of 2000 after the meat producer announced its biggest earningspershare meet since 2013. Bath and body works falling after disappointing sales and profit views in the current quarter, even as results from the Holiday Quarter beat
Be tested here, right . Sure are, right . I mean, weve been overbought in this market really since early february. I think that really we needed the catalyst. I think between the manufacturing numbers we started with and then on top of that oil and then we have gold prices up and then, you know, we have an economy that is strong. And i think the narrative around how many times the fed is going to cut rates or lack of is really going to cause the market to rethink certain sectors and certain securities that were really banking on rates cutting to make them go higher for the rest of the year. I think were at a crossroads. You know, josh, chris ferrone, the title is raising our guard. He says the push in yields right back to the key 4. 5 level is important. The persistence from gold, were inclined to tactically raise our guard particularly given a play sent sentiment backdrop. Do you agree with that . I do. You know, last week last week there had been some really classic indicators that t
Bearish strategist has finally capitulated. It is nvidias week. Four analysts upping their targets ahead of results on wednesday. And apple reportedly edly slash iphone prices to count huawei. A historic week for stocks, jim. We got to 40k, we hosted 11 on the vix, but just barely, but we did. People are stalki talking ab stock market. For the long time, they talked about my tomatoes. And then say, wow, what is that about . People who have not been in. People who are thinking, is it too late . I try to present a constructive view. But its gotten in peoples minds, carl, and also numbers from gallop last week who said 62 of the people are back. Someone in their house owns stocks. Thats up from 52. Which was interesting. 52 was the low, which is just when the dow got back to where it was before 2007. So, you had 2007, people got back to even and they left. And now genz, gen x back. Millennials back. Boomers i think just blown out and dont rely. And its quite encouraging, because if we can