Alley were seeing more push and pull this morning in this case the dow and the s p are green. Were getting decent bounces in names related to travel. Of course the covid cases out of florida at 11,000 plus is not good, but it has been off set by the data out of gilead lets talk about where were going in the coming weeks. You have been riding names like facebook and alphabet and is any of that betting tired the nasdaq 100 has bet the s p for ten straight months. At this point i think the s p this year is down 1 and the value index was down we started our careers at the same time. We saw the tech bubble we saw how bifurcated it can get. We saw how they still have value. Other companies doing exceptionally well it is not available compared to what we see in other sectors what is an example of that . Lets take leer if your family owned the business, you would say we made a billion and a half dollars a couple years ago and a few years from now we will again, but the market is offering to bu
A ceo of ak to security firm. And lyft, peloton, all went public. We will have a recap of it all. Tesla shares said a new record high, 420. Elon musk claimed tesla would go private last year. Earlier today, he tweeted the stock price is so high, lol. Our bloomberg reporter. What is driving it for tesla this time around . Allrter the momentum is about china, taylor. One . 4t, tesla group billion from financing and local banks and much welcome cash injection. That built momentum from last week, where in november, new vehicle registrations for tesla in china hit a five month. Youll remember those vehicles are subject to a 25 import duty. If tesla can get that shanghai run up and running, they can offer vehicles that are more competitive priced, and the unit costs will be lower. They will be able to get deeper into the market in china. That is really where recent momentum has been driving the stock for tesla. Taylor i want to come and show a chart i am showing here inside my terminal. It i
Security firm proofpoint. And 2019 ushered in some of the biggest tech ipos ever, as pinterest, peloton, uber, and lyft all went public. Wework, however, stumbled to debut. We will have a recap of it all. First, to our top story. Tesla shares set a new record high and reached that infamous 420 mark. You will remember 420 was the price ceo elon musk claimed tesla would go private at last year. Earlier today, musk tweeted, woah, the stock price is so high. Lol. Joining us to discuss is our Bloomberg News reporter, ed ludlow. Another day, another record high. What is driving it for tesla this time around . Reporter the momentum is all about china, taylor. Overnight, tesla secured 1. 4 billion in financing from local banks and much welcomed cash injection. That built momentum from last week, where in november, new vehicle registrations for tesla in china hit a five month high. Youll remember those vehicles are subject to a 25 import duty. The logic follows that if tesla get the plant can s
Goldman sack listed the worlds most owned stocks. Lets say being original not really a thing on wall street right now. Worldwide exchange begins right now. Good morning and welcome wherever in the world you may be watching here is a shot of capitol hill more on what is expected coming up first a look at the markets an your money here are how things are looking the dow coming off its record close of the year. We could be lucky 13 dow futures are up right now speaking of the number 23. Did you know the average gain of a stock on the s p 500 this year is indeed 23 . Thats right and 63 stocks on the s p 500 have gained more than 50 this year those are some big numbers in the bond market, no real change around the world, a lot of green on the screen. With the early tradein europe, we are seeing higher markets there as wells all the major markets are up the cac and the dax in germany are each up 10 . The german dax is up 13 in 90 days all the major Global Markets particularly in europe are d
Francine welcome to bloomberg surveillance. Green on the screen for european equities, but we are headed for the first weekly loss in six. U. S. Futures are struggling for direction, along with the 10 year yield after we saw stocks as the marketsy assessed the risk around the political situation in the u. S. Table taking ahead, dropping below 1. 23. Previously, one of the more hawkish members saying that rate cuts might be needed even with a brexit deal. Coming up, we speak to commerzbank ceo Stefan Engels after they have revamped their strategy. But now, lets get first word news in new york. The bank of england may have to cut rates you but if the u. K. Avoids a no deal brexit. The comments are a sharp departure. He previously was considered the most hawkish member of the Monetary Policy committee his argument is brexit uncertainty will continue to depress growth. Thats even if the exit is delayed or canceled her the u. S. Federal reserve is looking at a possible shift to its inflatio