Big buy call on a burger joint you know there it is. Its yours mystery chart we start with a developing story on uber and lyft both stocks shooting higher after a Big Court Win in california deirdre bosa has more. Reporter until just a few hours ago it looked as those california riders and drivers would wake up tomorrow to a ride sharing blackout the court blinked, granting youtuber and ly e er uber and ln extension to continue to operate with drivers as independent contractors despite new regulation it is a win for uber and lyft in the shortterm it suggests that their threats to shut down service in california over the last week worked just hours before the extension, lyft told its drivers and riders it would be suspending services at midnight because the change would necessitate an overhaul of their entire Business Model and wasnt a switch they could flip overnight. In reality the writing has been on the wall for years. Uber and lyft used a tactic theyve used in other markets to avoi
The likes of which they have not seen since 1933, in the midst of a downturn for the month, the likes of which we have not seen since 2008 here we find ourselves this morning looking at a market that will open lower. Your thoughts . You go up 19. 9 in the s p, you can have two thoughts. One is that was the greatest bull market ever the other is, boy, is this market dysfunctional were not moving the way we should theres very little volume yesterday the machines took the dow up 500 points in the last 20 minutes. Im keying on oil. I think oil is something that the algorithms are keying in i wish there wasnt algorithmic trading, but its here to stay the quants are in charge you know, lets bring back the smith corona typewriter. The quants are in charge, they took it up and now theyll cashier the market and cash it in lets come back to oil for a second it does get lost sometimes in all of the volatility were seeing and our focus on the economic crisis, on the Health Crisis, on the equity ma
Roku tumbling on a downgrade, wells fargo, deere also getting undercut. The Investment Committee is ready to go, Halftime Report starts right now it is good to have you with us on this monday, our Investment Committee joe chernova, jim lachb that will, Jenny Harrington is the ceo and portfolio manager, rob seechum is back, one of forbes top 100 financial advisories stocks are on pace for the best year since 2013. Tech, small caps also posting their best month since the summer, we enter december with a lot of momentum, derailed for the moment by an ism manufacturing report that throws into question that the industrial economy is bottoming and a headline from wilbur ross that says tariffs will be increased if there is no deal by december 15th. Thank you very little. Yeah, well, we came in position we strong and aggressive for further appreciation, but you have to Pay Attention on a day like today to your point when you get the ism manufacturing, it reverses a lot of the optimism we were
Now looking at none to one. This is bloomberg surveillance with jonathan ferro, Lisa Abramowicz, and annmarie hordern. Jonathan live from new york city, good morning, good morning. For our audience worldwide, this is bloomberg surveillance with Lisa Abramowicz and annmarie hordern, i am jonathan ferro. We got to begin with this name. Apple. The latest reporting from our colleagues at bloomberg. Apple canceling a decadelong effort to build an electric car. Lisa a decade ago it was building a car would be the next vr headset, the next artificial realitytype of experience. It turns out it is a bad business to build cars. Its a Good Business to say we have something with ai in whatever form it is and it will transform your life. That will gain more traction. Jonathan there is information what theyre moving away from, moving into, and how the market responded. The stock rallied which tells you everything you need to know. Apple imagined the car being priced around 100 k but executives were
Third down. Al the tackle, austin howard. Cris a little flinch by howard. And babe jackson reacted. And thats going to be the first flinch. Al back to the 19. Ten penalties tonight. Against oakland. Its fourth down and six. The crowd, stamping its feet. Fourman rush. Down the left sideline. Batted away. Incomplete. Terrance mitchell. Big night for him. Intended for roberts. That takes us to the twominute warning the and gives kansas city the ball with 1 56 left in this holiday, get an amazing deal on americas most awarded brand, during the ford year end event. Ford, the brand with the most 5star ratings. The highest owner loyalty. And awardwinning value from kelley blue book. Giving drivers what matters most. Thats how you become americas bestselling brand. Shop now during the ford year end event. Get a thousand dollars ford smart bonus cash on select models, on top of all other great offers. See your local ford dealer today. . . . . . . . . . . What about this guy . This guys. Been th