The land speed record with the british Bloodhound Team hoping to smash the Current Record of 763 miles per hour. Andrew harding was given exclusive access to the team on the salt flats of the Northern Cape of south africa. Well, the thing about the land speed record is it is the last of the amateur corinthian sports. It is done purely for the love, the fascination of it. Some people argue, well, the old cars are no more, but forget it is a car, we are pushing the boundaries of engineering to its absolute limit. Every day i go, why are we doing this . It may be the last land speed record as we know it. This is a story about stubbornness and ingenuity, and yes, about speed, too. It is the story of a quest to design and build the worlds fastest car, and then to find a place flat enough, long enough, to actually drive it. There are not many spots on this particular planet suitable for racing faster than the speed of sound. You cant just pick a straight stretch of road. At 500, 700, 900 mil
2019, the year in review. Im content moderation, acquisitions, data privacy to plans for cryptocurrency, facebook felt it all. What is there strategy going into 2020 . First to our top story. Shares of micron are up. This is after they reported betterthanexpected top and bottom line numbers for their fiscal firstquarter and the forecast strong numbers for the current quarter. Gross margin is something i have been eyeballing all day. They are coming in more than 27 . Ludlow is your to break in the numbers. What is your key takeaway from this report . At the optimism you see across wall street that the memory chip market is going to rebound. Probably at some point in the second half of next year. When we talk about dynamic random access memory, we are talking about the memory chips that go into computers. Trips tradesse like a commodity. They have been falling as new Technology Comes into the market and capacity comes in. Look at the blue line which is micron shares. They have been gaini
We will discuss why the chipmaker chose now to release the information. And automation transportation. A selfdriving semi makes its first crosscountry freight run. We will hear from the company who performed this feat. But first to our top story. Stocks barely moved on the day as investors continue to wait for news on the potential december 15 tariffs. On the year, it is a different picture. Joining me to talk about this years big gains for stocks and tech in particular is abigail doolittle. The tech sector up 40 this year. S p up only 25 or so. Why are traders looking past all the tech macro headwinds . Abigail great question. Maybe climbing that wall of worry. Those gains are simply extraordinary. The s p 500 up only 25 . But it pales in comparison relative to tech, up 40 as you mentioned. Hardware doing especially well. Techs best sector since 2009. That was coming out of the financial crisis. At that point, stocks were on a bargainbasement sale. That is the kind of buying we are se
We will get thoughts from gene munster. Hospitality disruptor. Shortterm holds that combine elements of hotels and apartments. Will hear from the ceo. But first to our top story. Tuesday ons on averages, but Something Interesting happened during the day. The s p 500 tech index closed down slightly. Is this a sign of trouble to come . Joining us to talk about what this means is bloombergs abigail doolittle. I want to take a look at a chart im showing in my terminal which highlights some of the profit taking. I am wondering if that is what happened today given the overbought levels on the tech sector. Abigail i think you are dead on with that, taylor. That is exact a what that represents, you little bit of profittaking. That stock up so much this year, and that is really what makes today so interesting, the nuances you were talking about, the nuances, each finishing at a record high. The stocks and chip index also finishing i record high. The reason that stands out is they are leading up
And our extended conversation , with the ceo of qualcomm. Why he thinks 5g will change the way we do business forever. It is starting to feel like the Holiday Season. Americans got out their wallets over the holiday weekend, spending more than 70 billion on shopping over that fourday period. Amazon is gearing up for the heavy spending month by heading back to basics, testing cheap warehouses. That will let merchants to store resources near amazon delivery locations. It will let merchants avoid storing their goods in amazons warehouse base where they pay premium prices. To discuss, we are joined by ysomberg technolog spencer. What do we know about the new Service Called storage and replenish . Spencer we know they are giving this a try in southern california. Highlighted it nicely. The problem with amazon this time of year is it is always a race to create capacity. It has these expensive automated facilities with conveyor belts, robots shuffling things around. Those facilities are expen