Roared 9 higher today, helping to prop up the Dow Jones Industrial average although not enough to keep it in the black. The dow ultimately dipping 40 points, s p declining 0. 14 , nasdaq slipping 0. 09 partially because of the rancor of last nights debate. Ill have more to say about the debates impact on the market later in the show. For now, i want to talk about how stock picking is the opposite of politics. If you change your mind in politics, you get eviscerated. But if you dont periodically change your mind in the stock market, your portfolio gets eviscerated. Im hardly the first person to point out this need for flexibility. Im taking my cue from the late, great economist john maynard keynes, who when asked why he flipflopped on a issue allegedly responded, when the facts change, i change my mind. What do you do, sir . I say allegedly because the story is apocryphal, but the sentiment certainly rings true. For example, until last nights been a serial guide downer, almost every qua
Our road map begins with a tweet storm from president elect trump weighing in on trade and china. Italian Prime Minister renzi says hell step down after losing that key referendum vote. And rbc suggests an espn spinoff could create value for disney. More on that coming up this hour. First up, president elect sounding off on twitter from everything from china to ta wan to taxes businesses moving from the u. S. To china. Did china ask us if it was okay to devalue their currency making it hard for our companies to compete, the u. S. Doesnt tax them or to build a massive military complex in the middle of the South China Sea . I dont think so. Jim, this was the talk of the weekend. As it should be. I think that one of the things thats happened is that were used to a very formal way things are done. First you hear about a call from taiwan. Obviously its not supposed to be taken in the old regime. And then youre supposed to if you do take it minimize it. But this was maximizing it. I think tr
A bid from the 2020 one, leaving los angeles, paris, and budapest in the running. Emily this is bloomberg west. Does qualcomm want a piece of the self driving revolution . What could turn the chipmaker into a car industry contender. Plus, will salesforce stop a deal from happening . And questions lingering about an upgrade to american voting technology, whether ballot Box Technology is already out of date. First, qualcomm said to be in nxp. To acquire reports following the busy year industry. The chip we crunched the numbers and you can see that record high activity. Here to break it down is ian king. First of all, how likely does it sound that this type could happen . Reporter as you mentioned, this is something that is being speculated about for some time. Although targets have been speculated upon as well, what is driving that is the fact that qualcomm did not participate in the record year last year it still has more than 30 billion in cash now. Does the deal makes sense . Reporter
The engineer has been released from the hospital and will be interviewed. A Cambridge University study shows the use of body cameras good lead to a sea change in modern policing. 93 decrease in the number of complaints made against police when they are using the devices. In southeastern china, dozens of people remain missing and hundreds were evacuated halloween a landslide following a landslide. Rome city council has back to the mayors decision to reject a bid for the 2024 olympics. That leaves paris, los angeles and budapest in the running for the games. This is bloomberg. Bloomberg west is next. Emily i have emily chang, and this is bloomberg west. Coming up does qualcomm want a , piece of the self driving revolution . Details on a deal that could turn the chipmaker into a car industry contender. After losing out to microsoft and linkedin will salesforce , stop it from happening . We look at the complaints with eu regulators. And questions still linger about an upgrade to american v
Credit suisse upping iphone estimates and earnings. Wells fargo being investigated by federal prosecutors. The latest on the controversy facing the company and what its ceo told jim earlier this week. If you want to watch nfl football tonight. Apple shares aiming for fourth straight day of gains up more than 9 so tar this week. Company announcing initial quantities of the iphone 7 plus have sold out worldwide ahead of tomorrows debut in stores. The same goes for the smaller iphone 7s in jet black. Also Credit Suisse boosting estimates for both this year and next. Its led the dow for two straight days. After all that misery having been added in march of last year. Tim cook came on mad money when the stock was at 93 and said, listen, its not the end of the world. Nobody believed him. Said it was a desperate act. 20 points later doesnt seem all that desperate. I think that whats selling we all have our checks with these. We know sprint came out very publicly. We know t tmobile came out pu