Ginsburg made the political picture in washington significantly more complicated with some analysts saying the odds of another round of stimulus before the election falling sharply. Bank stocks are getting crushed today as well amid new report about major firms dealing in suspicious funds well have more on that in just a bit. We have 59 munz left left to goy volatile session still make for the worst day in a while. Percentage terms, were down 2. 2 as we stand ahead will be all over the selloff in the final hour of trade. Billionaire investor Mike Novogratz will join us with his take on todays plunge and whether he is buying any of the dips after three straight lease losing weeks and well speak with john kerry in an exclusive interview. Well get his take on the Supreme Court, on stimulus, on the election and that final month run in of campaigning which, of course, he knows so much about lets focus in on the big stories were watching on a very busy day of news mike san toll toli is track
Hedge. Our next guest says that apple, netflix, and facebook are recession resistant. Were joined by steve malonovich first. Its been up and down m micron had a tough number. But tech is holding in yeah. I wonder i mean, where do you think how would you characterize sentiment right now if not on tech than on faang alone . We actually did a survey earlier in the week. And on tech overall, investors are moderately bullish for the quarter and next year. However, theyre much more balanced on faang. Obviously with the regulation concerns there, there are some worries about faang. For the most part, the big cap tech names are holding in. I got a question for you on sometimes faang member apple whose headline is out about them this morning suggesting that iphone 11 demand is better than expected but ive got two buckets of concern about apple. Im hoping you can adjust. On the near term side, it has to do with supply because of the looming threat of tariffs december 15th. Might apple be orderin
It. Good afternoon. We begin with fox market alert. As we kick off the final hour of trade as investors expressed concerns over inflation, cautious ahead of the fed meeting and markets pricing in 99 chance of a pause. Traders will be listening to fed chair Jerome Powells press conference, with any hint of a rate caught timeline. Dont hold your breath on it. What else is driving the declines . Big tech is another one taking a breather under pressure for rising bond yields. Microsoft, amazon, salesforce, cisco, ibm, all those names are lower at this hour. Microsoft down 2 . Lets look at the Creative Software player adobe, on the nasdaq and s p after providing week quarterly revenue guidance. That will always do it, stock down 14 or close to it. Adobe taking a bit of a beating today. With todays retreat, the s p and nasdaq dipped into negative territory. Look at the dow, pretty much on the even line, it will be negative for the week and the s p down slightly. What is going on . Lets get s
Institutional investors. Black rock, hamilton, and others. Black rock, hamilton, and others. Matt thanks to an amazingly generous policy, here at bloomberg lp i have been on paternity leave for the past six months. I thought it would be interesting to look at what fidler has done over that same time. No surprise, it has absolutely soared. Up 70 . I get a lot of fun for that. But, there is an l. Trading volume as well. At least in terms of name, symbol, logo. Crypto token and the Company Going from nearly zero to almost two cents. Thats a lot. Sonali it is. We will discuss it with a reporter who reported on this. What happened this week . The names the same but are not actually affiliated with the projects or companies. In that case, if you were looking at the gmc token you just had on screen, even if you bought right before the token jumped when the tweeter came out monday you would still be up compared to what people are getting in shares. Matt it seems to be worth more than it should
John considering ge does business in every country on the planet. Jeff people see globalization from 30,000 feet dont know how globalization works. John and immelt even talked about his own future. Have you thought about life after ge . John all that and all that and more coming up in my conversation with jeff immelt. Trumps ban on people from some muslim countries being able to visit your head office. What is your reaction to it . Jeff i sent something out to all of our employees because we have a lot of people who live outside of the United States and they are afraid of what is going on. We speak out to say, gosh, we understand that safety is really important. But we also want to be able to be but we also want to be able to work with the people of ge, and still travel in and out of the United States. And we dont want to lose our contact us with customers around the world that want to buy products, not just from ge but boeing, caterpillar, u. S. Manufacturers. Again, we set our peace