Before the American Express news broke, the dow was under a lot of pressure. That number came in line with expectations. It wasnt terrible. The fed rate hike could still nbt cards. The dow is down 85 points. We have someone who says the Current Employment report is not measuring jobs properly. Hell explain why next. Also, more on twitter. Its falling yet again today. That stock has been cut in half in just four months. Its now 1 away from the ipo price. Well look at whether investors should be cutting losses or holding out hope at this point. Crazy. And maximizing your airline miles. Wait until you meet the guy who has flown nearly five million miles for free. I love this story. Hes looking to make a business out of helping others do the same. Bill, we have to talk about he is taking advantage of the system or just finding out the way to benefit it. Its all legal much its all ethical. Hes just found a way to gain the system. Well tell you exactly how hes doing that if a little bit. Let
Traditionally, for stocks. Dow is usually down more than 1 on average does that hold true to form this time listen, i dont know if history is your guide on this. I think the relevance of whats going to happen here in september is really about the tremendous amount of obstacles that the market faces right now. And what do you do with that do you allocate new money . Do you expect a correction to be coming right now i think the best strategy, when you look, is to be defensive if hedge things out, if you have the ability to use options or the ability to access the volatility market, i think those are the right things to do because i think the certainty about september is that volatility is going to rise. Predicting which direction overall the market is going to go, i think, by the end of the month, that would be a fools game but im rather certain that volatility will be spiking interesting way you put it. A tremendous amount of obstacles, you say lets go down the list what are we most wor
Again. The california democrat taking to social media to say she is running for a fifth full term. Global news 24 hours a day, pourd by more than 2,700 journalists and analysts in more than 120 countries. This is bloomberg. Corey this is Bloomberg Technology. Coming up, russias google connection and googles russia connection. The Big Tech Company saying they took money from the kremlins hackers. Well discuss googles role in fake news. Plus, tech and taxes. Apple c. E. O. Meets with french p. M. In paris as they waive sweeping overhauls of digital platforms across europe. And a wide ranging interview with the former microsoft c. E. O. Steve ballmer. His thoughts on twitter, trump, immigration and his enduring legacy. But first, to our lead russia linked accounts used google to influence the 2016 u. S. President ial election. Google investigators found that nearly 5,000 dollars, theyre also investigating another 53,000 in ads spending coming from russia at large. First reported in the Wa
Are seriously injured in more than a dozen fast spreading wildfires in a north California Wine country. A fire official says at least 1500 structures are destroyed. And turkeys president says the washingtonspute that is having is very saddening. The dispute started after turkey arrested a national that worked in a u. S. Consulate. And senator feinstein is throwing her hat into the ring toin, the democrat taking social media to say she is running for a fifth term. Global news 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries around the world. This is bloomberg. Cory im cory johnson, in for emily chang. This is Bloomberg Technology. Coming up, russias google connection and googles russia connection. The Big Tech Company saying they took money from the kremlins sponsored hackers during last years president ial election. Well discuss googles role in fake news. Plus, tech and taxes. Apple ceo tim cook meets with macron in. Emmanuel paris as they waive sweep
Market out west, ethan kerzwhile and gene munster happy friday to everybody. Talk some markets and tech here. The nasdaq extending the win streak to ten for the First Time Since 2015 the index posted the 41st record close of the year. Last time the nasdaq had a win streak longer than 10 was a 12day streak back in july of 2009 what a week it has been for tech, gene we had s p 500 tech sector recovered that 2,000 record. We had the ad line, some argue, get a little extended here how are you feeling . Still feeling good about certain names. I think some names will be displaced. The quick ones that we think will be the winners, if you look around ai, robotics, ar, thats google, tesla, apple, those are great plays. The ones i dont feel good about are ones that had a great week like netflix so to answer your question, generally good but on a case by case. Ethan, how are you feeling about microsofts numbers last night . The stock was up sharply after hours until guidance came out. Onest thing