Chips made by their own engineers. Apple integrating hardware and software together is what makes our bankrupt so great. Having a world dallas silicon design team is a game changer. For apple, analysts say the transition should be a significant benefitbecause it gives the company that much more control over its hardware and it should translate to improved performance and performance. There is a broader insurgency because there are rivalries. Josh, that is a great set up today to bring in our next guest. Talking about apple, google ad revenue, good morning, dick, good to sue yee you how are you . Good, how are you good. Apple, it is amazing we didnt get any grand announcements, but the platform gets more vertical and stickier and i guess that is leading to the alltime highs. What do you think . Yeah, the hardware news was surprising to me i think it is worse news for intel than it is good news for apple. It was just surprising when people are trying to focus more on their Core Competenc
Relatively quiet day in the treasury market. This will be the last day of trading for the week here in the u. S. Because of the good friday holiday tomorrow. The s p 500, on the biggest gain since 1974 on a weekly basis. Every week, there is some sort of superlative like that. Any gain today would have resulted in building on the onemonth high we posted yesterday. What is interesting is that volume is somewhat higher than yesterday. Quite a bit higher. S p, 30 40 nd higher than yesterday. I think a lot of people are going to be sitting on their hands next week as they wait for the earnings season to begin. Just to get some kind of read from the ceos and maybe the tone of how they present their outlook. Romaine good point. Next week will be a busy week. Ameripriseing by, financial strategist anthony saglimbene. Thank you for being with us. Inn you look at the rally the equity markets, you look at this idea that you have a lot of folks looking at valuation, aying that it is sort of oncei
Im nejra cehic in london. Overall, the stoxx 600 in the red today. We had some Real Movement on u. S. Futures overnight, flirting around the flatline. We see a little bit of optimism come through on u. S. Futures after the s p 500 briefly rose over 20 . D yieldsthe 10 year bun and other core yields slide in europe. Some Dollar Strength. It is moving higher against all g10. The aussie underperforming. Oil bouncing back after two days of declines. Lets get the bloomberg first word news with Viviana Hurtado in new york. Viviana we begin with Prime Minister boris johnson. He remains in intensive care. Dominic raab is trying to reassure britains fight against coronavirus is under control. The u. K. Is heading to the peak of its outbreak. The government has been criticized over its handling of the crisis. Saying he isb confident the Prime Minister will pull through because he is a fighter. Theark and austria became first European Countries to loosen restrictions. Sources telling us selective
Its like social distancing Counter Measures like shutdowns the toll could go fall but modeled the worst Case Scenario of 1500000 to 2200000 deaths so what were going to see and thats weve got to brace ourselves in the next several days to a week or so were going to continue to see things go up we cannot be discouraged by that because the mitigation is actually working and will work. A somber President Trump said the mitigation measures were a matter of life and death i want every american to be prepared for the hard days that lie ahead were going to go through a very tough 2 weeks. And then hopefully as the experts are predicting as i think a lot of us are predicting after having studied it so hard you can start seeing some related the end of the tunnel but this is going to be a very painful very very painful to excess in the city at the epicenter of the pandemic the rate of infection continues to rise the number of hospital admissions in new york city increased by 12 percent in the la
Tested more than any other country by far not even close and tested accurately meanwhile the u. S. Federal reserve has made new unemployment estimates rob reynolds has more on that from los angeles. So theres some pretty bad news from the u. S. Central bank the Federal Reserve saying that 47000000 americans could wind up jobless and the Unemployment Rate could reach as high as 32 percent President Trump said that at the end of this pandemic prices the u. S. Economy will come back the governor of florida says he doesnt want a cruise ship with coronavirus patients on board to dock that 4 people have died and dozens of sick on board these on dime cruise liner its heading towards florida to possibly through the panama canal passengers showing those symptoms were removed and taken to zaandam sister ship the most of them and again i got in miami says that u. S. Authorities may allow the boat to dock elsewhere. Theyve been on this cruise ship since the beginning of the month they began in poi