Pretty amazing considering everything we got going on, not a lot happening for the major averages. Mixed trading action, similar to yesterday. The nasdaq off of its lows. If it finishes down today, it will be the first today slide in the week. Two day slide in a week. Lets take a look at the big earnings movers and the reason why the nasdaq is down a bit more than the s p 500. We are looking at tesla, facebook and semantic symantic. Tesla down sharply, down 5 on the model three update. Elon musk says they will be making 5000 cars per week in march. That is pushing that out three months, causing questions from investors. Plunging 9. 5 . They cut the fullyear view. They need to move more toward the cloud. Heres one winner, alibaba up 1. 7 . Thes beat by 6 Chinese Consumer is very strong. Lets see how alibaba is performing relative to the u. S. Internet companies. On the bottom, we have all the saying stocks, up between 25 and 50 . Alibaba up there in white, up more than 100 , tencent rig
The deduction for state income tax, thats a very big deal, look like its gone. Deduction for property tax, probably stays. Middle america gets help and so does business and 1 does not. Apples profit after facebook, amazon and microsoft, warning, dont disappoint, investors would slam apple and maybe the rest of the market too. It was the profits, huge number, 575 billion. Thats how much the value of stocks went up in october. Wow, indeed, ashley. Thats how a rally translates into dollars and cents. And then theres the federal [laughter] stuart i knew it was coming. Federal reserve, a new chair to be announced today. We are told it would be jarome powell, thats the judge, by the way, the most powerful banker of the world. We will leave it at this, powell raises Interest Rates slowly. Got it. [laughter] stuart done. Varney company is about to begin. Because of the sanchez success. Here is a ground ball, right side could do it. The Houston Astros are world champions. Stuart there you have
Congress. My name is sandy, ill be chairing this discussion. As many of you know, chinas 19th Party Congress wrapped up last week in beijing. For those who follow china, a Party Congress year is like game of thrones and awards season rolled into one. This is how i describe to nonchina friends, detailed profile, whos who and how they are connected top up everywhere. Everyone makes predictions how they will make it on the committee, the pinnacle of power in china. This Years Congress was really all about one man. That man was general secretary xi jinping. Prior to the congress, questions surrounding xis strength dominated debates among china watchers. For some analysts, any doubt about xis strength was put to rest when they amend, xi jinping chinese characteristics for a new era. Xi is the First Chinese leader to have his name enshrined in the constitution while still it alive since mao. Ive been reading headlines xi is now the strongest chinese leader in his since mao, perhaps even stro
Getting hit. The worst more than 1 . Lets dive into that. Charted the ratio of small caps to large caps. Outperformedvely but take a look at today. You have this big decline here as it sinks lower than the large caps today. Were back to our lows. We are looking for that Senate Tax Bill to come thursday. Lets look at individual stock movers. We are a month out. I am looking here at kohls and target. They have started those promotions already. Expectamerican consumers to do a majority of their shopping friday. The season is lasting longer. You have to make up for that in volume offset that pressure. Some retailers trading lower. Malle looking at the rates. They are trending higher on takeover speculation. Bloomberg regional mall index. Perhaps some good news here. Flex financials are under pressure at the moment. We are seeing bond yields decline for the fifth straight session. Just something to continue to watch after we solve that threshold kids at 2. 3 . Thatongtime bull markets led i
Air force did not report about Devin Patrick kelley, who assaulted his thenwife and stepson while serving as an arab and. Defense secretary jim mattis as directed the Inspector General to review the circumstances of the kelly case. Election day could test the political influence of President Trump. Showrginia, polls democratic Lieutenant Governor edge overs a slight and gillespie, an adviser to former president bush. In new jersey, the democratic challenger to Lieutenant Governor kim kuan by all is expected to win large margin. In london, british lawmakers will be allowed to see Brexit Impact studies within three weeks. Last week, it was called on that the Government Research be showed to members of the brexit committee. 24 hours a day, powered by more than 27 hundred journalists and analysts in over 120, over 120 countries. Julie live from bloomberg World Headquarters in new york, im julie hyman come in for julia chatterley. Scarlet im scarlet fu. Joe im joe weisenthal. Have turnedsto