On you may have returned the ugly christmas sweater you got from your brotherinlaw you dont like but what if you could turn the ugly stock you would own the desk gives the names we will start with the nonstop on wall street the nasdaq hitting a milestone, crossing above 9,000 the first time ever. Records keep falling stocks keep climbing and fundamentals, tim serial dont seem to matter much. They dont. You can find an argument for valueses within megacap tech if you look at intel, sysco you cant make the argument with apple anymore. The interesting thing about the triple qs or the etf for the nasdaq 10 oh or lack at the nasdaq 100 we know that apple dominates this index and this is apple pick whatever point in the road you want in 2019, its 70 from june, its 50 from august, 50 for apple from august. And thats thats how you get to a nasdaq at alltime highs. Microsoft and apple leading the which. Today a little amazon for good luck but its lebron jamesly out of this. Which is amazing, da
World, from vienna to london, frankfurt to washington come our bloomberg roses are on the ground with all the top stories. In vienna, opec is said to reduce its target as a rock promises to comply. Joining me for more is bloombergs annmarie hordern. But do we know so far . Annmarie good morning. What we know is theyve agreed at the opec allies meeting today to cut by the hundred thousand barrels a day, but the devil is in the details. Brent and wti are both lower. This cut is basically cosmetic. We are still waiting for more details because it just brings the figures on paper to what theyve been producing throughout the year. Some members, including saudi arabia, have been cutting well below their target. That was the message from ben salman thisfrom bin morning, and his first meeting is energy minister. He said further compliance is needed. Everyone in the room knew he was talking about, even though he didnt name and shame. The message was simple. Stop cheating. Alix indeed. Thank you
Of to a good start on this tuesday. Negative atead is 1. 51 . Apparently Phillip Morris and ultra are going to try to get back together and altria are going to try to get back together. Phillip morris is down. Europe, a nice bounce with the stoxx 600 up 6 10 of 1 . The ftse maybe the best ib themer the ftse m best performer for individual indices. Weaker by 6 10nd of 1 . In a Bloomberg Opinion piece today, former new york fed president bill dudley calling President Trumps trade war with china a manufactured disaster in the making. The question for policymakers is e policy mitigate the damage or refuse to play along . Increasing the risk of a stateion, officials could officially that the central bank wont bail out an administration that keeps making bad decisions on trade policy, making it abundantly clear that trump will own the consequent is of his actions. We are joined by Michael Mckee, and it washington, d. C. Come a trade reporter shawn donnan. Michael, this is a very interesting
You. See. Albanias overarching National Goal is to join the European Union Prime Minister doesnt think the country is ready for membership partly because its Political Institutions are underdeveloped that has been on display in the past week as Political Parties have disagreed on when to hold local elections nationwide they were scheduled for june 30th the Opposition Democratic Party now wants that date pushed back and hasnt fielded mayoral candidates the ruling socialists already roma want to proceed regardless with the candidates theyve registered the deadlock has added to skepticism in the European Union about whether albania is ready to join today on talk to aljazeera the Prime Minister of albania eddy rob. Thank you for a minister from talking to today i want to start by asking you about the countrys european prospects which is the Major Political issue facing this country for many years now a few weeks ago the European Union held parliamentary elections across the continent and m
You know what its like. You have twins. Werent they born on the same day . They happened to be born on the same day. I think you mentioned that. You have to gear up for that stuff. You can see right now, a mixed picture for the futures. It looks like the dow futures are up by 26. The dow was up yesterday by 236 points yesterday. The s p was up by more than 1 . It closed at its 17th recordhigh of 2024. Again, it ooh is only march 13 ft. So thats pretty rapid success for all of those new highs. The nasdaq was up by 1. 5 . It reversed two days of declines. This came after the cpi number was a little hotter than anticipated. All in all people looked at it saying housing inflation was coming down to some extent and it with was good news. If you took out treasury yields, they were higher. They jumped on the cpi. The 2 yeee2years at 2. 6 . Alaskan airlines is confirming the plane that lost the door plug was actually scheduled to under go maintenance later that night. I roy. To get straight to