Any new stimulus in sight. And that tiktok trade, you cant really trade it, can you, because its not a public company, but bytedance is formally seeking chinas approval for a deal with oracle and walmart, those are two publiclytraded companies. Yes, they are, jim lets talk markets lets start with that. You know, its funny, i dont know what you make of the pull back today, to the extent we are going to have one or what weve been seeing in apple lately. I keep wondering coming back to that softbank option purchase that we kind of we talked about it for a day or two and then we moved on. Right. You know, a number of people have come back on it with me, jim, and sort of said maybe it had a bigger impact than we realized in terms of the run up of some of these names. It did jack the market up in 1999 fashion which, you know, you know, led to 20002001 which was a disaster and it was frankly unnatural other than zoom almost every one of those stocks that they took up have been crushed apple t
We have seen some push pull here. Some of that weakness still russellg with the was 2000. 8 . 10year yields continuing to rise. Breaking out of what was earlier 82month trading range between 54 and 78 basis points. Now, incredible the break and we have seen the last two days. Further weakness in the bloomberg dollar index. We are back to weakness that we have not seen since march 11. You wonder how much of that is the feds continued stimulus into the markets. I want to talk about the data that make up this morning. U. S. Jobless data showed continuing claims failed to decline again and instead rose above the forecast of 20 million, to 21. 5 million. The market is reacting to the news as a cast doubt on the hopes of a strong economic rebound. For more, we are joined by nela richardson, edward jones senior strategist. This is one of the first times for the market that it is reacting to the poor Economic Data. Been in your opinion, has driving the weakness of today after what has been a s
Motorola unveil a that. We will take a close look at these devices ahead. There seems to be no end in sight to concerns over the coronavirus. The death toll continued to jump after the epicenter revised a method. Thousands of passengers have been quarantined on a cruise ship in yokohama. Demand dropped this quarter for the first time in more than a decade. For market reaction, paul allen and i spoke with victoria hernandez, chief Market Strategist at Global Market investment. We are watching the headline to see what is driving the market. One of the things we tell our clients is that we want to look through the headlines when it comes to investment and strategy. We want to take a longterm approach. Yes, theook day today, virus has caused volatility in the market. We saw that this morning when they reported the higher cases of virus in china. I think we have to look at it a little bit. The market came back and gained 50 what they lost. A lot of that because the increasing cases was due
Like never before. And, sonos sues google. System the custom sound company showing trademarks of a takeover . We will talk about the survivability of upstarts in the big tech era . Breaking news. U. S. Treasury has named no currency manipulators in its fx report, effectively taking china off of being a currency manipulator. Again, the u. S. Treasury has ine no currency manipulators its foreignexchange report. We know that china was put on that designation list in august, being removed today. I want to get back to our top story. It is all about earnings season here. To reportnks set earnings this week after having spent billions on technology in 2019. That could be bringing a big change to the bonus culture as traders are being forced to unlearn some of their most basic assumptions about making money. Us, our Bloomberg Finance reporter. What are we learning about unlearning the bonus culture on wall street . What we are unlearning is that bonuses or maybe a thing of the past. In the pas
We will talk to analyst Michael Levine as he boosts his price target. Mobility tech is all the rage and uber takes one more step to becoming a onestop shop for all of your transportation needs. Details on the uber bus. First to our top story, u. S. Stocks advance. Heavyweight Technology Companies led a rebound. 100 led by Companies Like salesforce in alphabet, fresh record highs. That means that the smallcap Technology Companies are looking relatively cheap on a valuation basis. Joining us, bloomberg across asset reporter sarah ponczek. Take a look at a chart i am showing on a forward basis, looking like some of these smallcap Tech Companies look cheap relative to some of those big things we cannot stop talking about. Sarah you are looking at the forward price to earnings ratio of the s p 500 versus the s p 600 for both technology sectors. The s p 600, as you can see, trading at a discount, at the lowest level since 2001. I will say that we posed this chart to Jonathan Golub of Credit