Have you spend any time with us and talk about stocks. Thanks for having me. And the markets and Everything Else in between steve weis and josh brown. Youll see them throughout the hour as well a great collection of investors on the stage stage behind us giving their views on the market which are at record highs as were sitting here having this conversation give us your view on where you see the markets and where they are now. If its justified or not in your mind. Well, define justified. Well, why to you think were here i think were here because basically the Central Banks have todaysy theres the general view that whats worked will continue to work Monetary Policy will stay easy, and and well live with the valuations, so i think that kind of sums up the way i think most investors think. Yeah, youre not saying, and maybe its purposefully, that theres any sort of credit due to the president or his expected agenda is that purposeful that you dont think that hes responsible at all for wher
Reason to spend four digits on this phone. Wait toe continue to release the presentation of the iphone 10 or iphone x. David kirkpatrick, lets ask about the architecture of these phones. Phil shiller the head of marketing at apple talking about abiotic infrastructure in this phone. The glass background, the sleekness. Does this Company Think about we care about such things . There aretrick things we care about. The a 11 chips that what we care about as long as they were great. We do care about if its ifing late in getting it is an organic light emitting diode, it will always be on without using battery. Matters tof change consumerist, it makes the phone easier to use. They havent had many things like that in recent years. I think this rain on the highend phone is going to be a game changer for them. David cory johnson, as we look at the iphone 8, iphone 8 plus showing off the look of those new phones, loop is similar question to you. How radical is the fact that we are getting new proc
Between boeing and canadas to protect jobs out of a plant in northern island. The government relies on both both parties to pass legislation. Boeing wants the u. S. To impose tariffs on planes. The United Nations says the number of refugees fleeing the about 370as spiked to thousand. The official estimate today is more than 50,000 higher than yesterdays. Thousands of muslims denied. Itizenship have fled on foot the u. S. Has condemned the violence in the u. N. Says flights have been arriving at nearby nations with supplies. Global news global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. I am Mark Crumpton. This is bloomberg. Were 30 minutes on the close of trading. Stocks continuing to act at records. The s p just shy. The question is whether you miss . Introducing the iphone 10. Tim cook and company betting that consumers will line up for a 1000 Something Else anticipated, in turn around strategy for goldmans trading business. The
All the major averages are in the green and hanging onto gains. We have seen price swings pickup. That was anticipated. September can be a volatile month. It is the most volatile month of the year by far if you look at the bloomberg. This is the average percentage change for the s p 500 did you can see september is the highest this year. It is still lower than december and last year. We have the biggest swings of the year, it is dwarfed by what we saw a year ago. We still have a few weeks ago in this month. It is the most volatile we have seen, not compared with any volatility thus far this year. We will keep an eye on that trade retail is relatively strong area that we are watching. The gap is leaving the game. The old navy unit is worth 30 more than the total Companies Enterprise value. He said the divisional margins are being disclosed for the first time. About 75 ofrating the profit. Also one, l brands are the rise. Macys and nordstrom are trading higher. The latest Johnson Redbook
Take a look at what is dragging on the transports. Its worth noting the major averages are on pace for weekly gains. The dow the best since the end of april. Relative to transports, weakness for shares of American Airlines come united, with a downgrade over and jpmorgan to neutral with analysts saying estimates seem unachievable. Royal caribbean down 1. 8 . This on a downgrade at credit suisse. Analyst cutting shares to a neutral, saying the outlook is uncertain. We had that terror attack in london. That could be impacting some of these stocks as well. At two otherlook big movers, oracle, fax. Oracle down 6 after they Beat Estimates for the quarter but it is that cloud outlook weighing. Fax down once again as senator Elizabeth Moran setting her sights on them, proposing legislation around the company today. Shares down once again. Overall, it has been a risk on week. This is an index of risk onrisk off. On the week, big risk on. Going into the weekend, on that terror attack in london,