Drive this stock for the next end years . And bitcoin is back crypto currency. What is behind the big move in bitcoin. But first we start with goliath versus goliath the battle between two behemoths taking place today amazon taking target at walmart. It offers free delivery for pride members, but walmart has long offered Home Delivery on certain prescription products. This is the latest in the growing turf war between the giants guy, walmart, amazon, who do you have dom, its great to have you this is the big show, like the masters for you. It is like you playing golf against joe kernan they are glued to their television trying to figure out what is going on in this game of would you rather, i would rather walmart i think the stock sold off for two reasons. There was an inventory build, up about 5 i think the street looked at that and said maybe margins in the next quarter wont be great, and wont get guidance amazon, by comparison, you had a september 2 high in october 34. 50 and novemb
Pretty true to form on this thanksgiving hence to be a positive bias. But nothing out of the mode for a moment here. And that was a few days ago. You know, not necessarily you might think so you kind of just, you know, get ab early slate there was a definite persistence to the quarterly strength. There is a dynamic though. Once it gets overbought, once sentiment gets overoptimistic as arguably it is right now, usually you can see the multiple times in recent years when the Fourth Quarter just melted up. And at some point nifrt few months of the next year, usually you have a little bit of a recession. Mike, see you soon. Malls may look a lot different compared to a normal black friday Bertha Coombs is live in new jersey with a closer look at whether people are showing up to shop in person at all. They are. Some people have shown up. Were coming off a record thanksgiving in terms of online sales with so many Stores Closed but today we found some folks lining up for door busters this morn
Good morning on Bloomberg Radio, good morning on bloomberg television. Too much to talk about. You hear it within those voices, that maybe it is the morning after, and the vaccine is really not out there. Now we get into a churn of the immediate news. Jonathan it is a tugofwar between the forward outlook looking better and the nearterm outlook looking worse. A real divergence between the two. How policymakers navigate the former will allow markets to keep the help about the latter. That is the hope for the market. First half of the week about cyclical appetite. 500 downhalf, the s p 0. 6 and nasdaq futures just about positive on the day. Tom we are going to roll the data check here through because it is a mess this morning. I just saw a 93 print on dollar. That speaks to the resiliency of dollar. Weve had a weaker dollar, but we just seem to come back when the uncertainty reigns. Lisa that seems to be the theme with all of the uncertainty on the dollar. When there is a risk off feel, p
The u. K. Government sets up discussions with industry as brexit disruption closes in. Negotiations with the eu are set to crash through an informal deadline this weekend. Good morning. Just over an hour to go until the start of cash equity trading. Let have a look at where we are on the futures picture. Futures in europe looked to be a little bit to the downside. Lets break into the futures to talk about whats going on with the u. K. Economy growing in the Third Quarter from the previous quarter. Growing by 1. 1 in the month of september. The estimate was 1. 5. We were hearing that from our colleagues moments ago. They were talking about the estimates for september and the First Quarter. The number i have penciled in from them was 1. 5 gain in gdp for september. It is a little bit below that. The broad theme is the same. That 1. 1 in september adding to strong rebound numbers earlier on in the Third Quarter. The Third Quarter comes up by 15. 5 . That could be a smashing of a record in
Emergency use with ely lilly filing for its drug. Hi, everybody the dow and s p 500 are falling. The nasdaq is imagining to stay in the green on the day and for the week lets go to bob pisani for more. Bob . We are turning around and that is a very good thing given all the uncertainty. A little bit of a down day for energy, banks and industrials. Theres your cyclical group. Theyre generally up on the week theyre up today but down big on the week th this is that churning new high list, pretty much the same list. Not expanding much the same names are on the new high list, target, l brands, colgate freeport stability again, no the bad given all of the uncertainty boeings down today, its been up on the week thats what churn is where are we for the markets the important thing is right now were really focused on the spring reopening rare than the covid winter narrative thats because these selloffs ant getting any traction at all. Theres not a lot of volume, not a lot of panic, just churning.