predictability. strong winds blanket the bay haze fromdark, thick wildfires throughout the state, rolling blackouts as firefighters prevent more fires from breaking out amid extreme weather conditions. joining us now in new york city, bloomberg s abigail doolittle. i hope you have clearer skies than we do today. i want to talk about the tech rebound, the biggest rebound after the worst stretch since march. saying: you nailed it the only certainty is volatility. that is going to continue, it seems the worst stretch since march, and then today, the best day for the nasdaq 100 going back to april 29. the big question is whether it will last. will investors continue buying the dip, knowing what they know about options volatility going into august? you jump in that huge down. apple and tesla, certainly a good day for each. apple, down 4%, excuse me up 4% today after dropping more than 10% over a few days. nothing changed in that story. that tells you the degree of hesitancy, uncer
thanks very much welcome, everybody, to power lunch. i m tyler mathisen kelly will unijoin us in a minu. nasdaq on for the last week in the last nine. rallying up 6% this week alone bullish new callout today and speak with the analysts who made it minutes from now. check the british pound. a little bit weaker against the dollar there you see it british parliament rejected a second vote on brexit as kelly was just speaking a moment or so ago with wilf. let s hear what willem has reporter: that was not a binding vote that was not entirely off the table but those campaigning for a second referendum earlier today said they did not want mps to vote at this moment in time and we saw one of the main opposition parties actually abstain from that vote since then, we ve seen the members of parliament narrowly vote against it, having control of that process. lost by two votes. a couple more votes coming up. one will seek to push theresa may s deal off the table and not voted on in th
the dow, the s&p 500, and the nasdaq all closing at their highest level since december 3rd. take a look at markets in china, hong kong, and taiwan and sourkt they re all closed for the lunar new year, but japan s nikkei fell by .2%. you can see there was a decline of about 40 points to 20,84. you are talking about the ftse, up by 1.25%. the dax up by 1.1%, and then the cac up almost almost 1%. finally, take a look at treasury yields you are going to see that the ten-year right now is yielding 2.734% okay. alphabet out with quarterly results, and the company reported a big jump in quarterly revenues that s the good news shares were under some pressure this morning after the tech giant revealed it went on a big spending spree last quarters costs rose for data centers, hardware, and head count you are looking at that stock down a little over 2.5%. i don t understand the concern about spending for things like data centers head count. maybe if you were looking at some of the e
down sharply on this news. japan remains closed today for a holiday. the hang seng down by 2.75%. the shanghai off by 1.1% if you look at early trading in europe, at this hour, red arrows across the board the cac in france down by 1.8% the ftse down by over 1% the dax down by a third of a percentage point look at treasury yields outside of equities, still a risk-off trade ten-year treasury yield backed off. it s below 2.70. it s 2.66% that s as low as it s been since late january so essentially across the world yields coming in people backing away from risk. also noting the two-year note down below 2.5 2.49 obviously people kind of going for that safety trade. also actually echoed in currencies, if you look. the dollar index is not moving much you will see the yen is rallying dollar down against the yen. that s also pretty much typical safe haven trade otherwise not dramatic moves dollar up against the pound. it s the yen that s telling you that basically people are not int
ceos about what is going on, the outlook, what is on their minds. and their thoughts on 2019. whether or not we are hearing recession talk. all of that to come on bloomberg businessweek. it is time for a bloomberg business news flash. thanks. i m uma pemmaraju with your bloomberg business flash. elon musk asking a judge to throw out a lawsuit by a man who he calls a pedophile on twitter. musk is saying it was an over-the-top tinseled. no reasonable person would take it seriously. he criticized his offer of a mini submarine to help extract the boys as a pr stunt prompting musk to insult him online. the u.s. federal trade commission filed suit against qualcomm, the chipmaker is getting its chance to square the record. a ten-day jury trial begins next week over claims that qualcomm is abusing its strength in the market for smartphone components. to prove thell try company has forced apple and others to pay inflated license fees. u.s. chain restaurants have had a tough year