And imax kaiser this is the kaiser report the show that seeks to educate inform mesmerize still your crypto walls while your not watchin. While youre watching but unaware. Oh oh so you see what happened there max tuned in to the last episode his hands are in my shot but he tuned into the last episode and what he found was an explanation for why all his big question were missing at. Oh my god why did you do it to me so you know we have another Christmas Present over christmas and that was from donald trump and many people particularly in the markets anyway equity markets and the dow jones and the s. And p. Five hundred they had a very good christmas because techs phoria sparks stock buying panic dow does something it has never ever done before the dow closed at its seventieth record high of the year it has never done that before in its one hundred plus history just so you can see that number down months versus the number of months see down months or in red this is going back to zero abo
Today. We will be discussing this later on in the show. David lets head over to emma chandra with the first word news. Were moren there deaths overnight in antigovernment protests. Iranian state television reports that at least nine people were killed nationwide. A dozen had already died in demonstrations that began last week over the governments handling of the economy. The president has defended the right of people to protest. The u. S. Has confirmed that mike pence is delayed trip to the middle east is on for this month. Arab leaders denounced the u. S. For recognizing jerusalem as israels capital. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. Im emma chandra. This is bloomberg. Alix middle east still front and center. We thought we might have put that a little bit aside. Not so much. That for an exclusive discussion on the global risks shaping 2018 including those from the middle east we want to join Bloomberg Radio. Our collea
Wall street set to extend the rally across the open. Fang stocks to the all time highs and amazon getting a key upgrade. And target boosts its outlook, shares are popping 4 in premarket, reporting stronger than expected sales for the Holiday Season. And looking out for kids, apple responding to activist pressure, the iphone maker promises new features to make the devices safer for children. Stocks are looking to ramp up the gains for the new year and the s p and nasdaq in the midst of a five section win streak all indexes did hit record interday highs and new higher high for fang this time yesterday. What can i tell you were having now that fang the different components are outrunning the price targets now the analysts have a new reason to say im raising my price target amazon and its going up because of the holiday p shopping this is all that relative high spirits game little dangerous candidly because when does it end when someones price target is finally reached. Right now were in t
History. Stocks posted their fifth day of gains despite points toward a pick up of inflation. Stocks soarth. Dow jones industrial average advanced 306se points to c back above 25,000. Theasdaq added 112. And s p 500 was up 32. Just as theselloff happen at break neck speed so did theco ry. Mike santelli has a look at whether the bulls are back to stay. Is a five day rally in stocks moving a bit too fast or is this a recovery from t Market Correction . Conventional wall street holds that steep pullbacks usually take weeks or more to recover after an initial bounce. Thendex is slipping back to recent lows after a retest or a base building process. The pattern could unfold in coming weeks but the chance for a quicker rebound toward the late january highs cant be miss dismissed right now. The history says the fasr the drop the quicker it can be recouped. The recent tumble was the fastest from an alltime high in 80 years. There was also theeverse selling of funds on volatility being low. The
Facebook falls, users are spending 50 million hours a day lesson the social network and happy about it shares set to open at the record. Its a huge day for tech earnings, mike soeflft, alphabet and amazon, all on tap after the bell. Futures signal a sharply lower open obviously a whipsaw week so far. Facebook is the top story. Up in the premarket, the social network post better than expected forecasts and increase in ad sales despite the time spent by Users Falling by 50 million hours a day. Mark zuckerberg last night on the earnings call. The most important driver of our business has never been time spent by itself. Its the quality of the connection and thats why i believe this focus on meaningful social interaction is the right one. The first ever quarter on quarter dau decline in the u. S. And canada they say its not a trend. They say its not a trend i think youve got to believe. The market probably doesnt believe in them because this thing is selling at a multiple almost the market