Florida sees its biggest oneday rise, some of hollywoods biggest names test positive. And chinasotest crackdown in hong kong seem to have spurred a reaction at the ballot box, voters have turned out in the hundreds of thousands. Lets look at how the week is setting up in asia. A pretty positive lead, asian stocks will keep the rally going. About half a percent after the u. S. Stock rally extended that weekly gain on friday. The s p 500 outperforming the nasdaq for the first time in two weeks. That bifurcation will continue. Nikkei futures up 0. 3 . Trading in chicago after a three i Third Straight weekly decline, continued concerns about another wave of virus cases in tokyo and elsewhere in japan. 1 ney futures setting up for 1. 6 higher. New zealand, blue signals when it comes to trading kiwi stocks after that threeday selloff, up 0. 7 . The level of Foreign Investors piling into the kiwi market suggests we will see further outside with that golden cross, crossing the 200 day dma patt
Speaks to bloomberg about the path ahead. What we are talking about now is taking it into a whole other class of objection to what the president has done. Kailey results from some of the worlds biggest tech companies. This is a year where apple is rebuilding confidence. Nothing really hurts facebook these days. Kailey plus, Sheryl Sandberg discusses bloombergs stance on political advertising. We believe in Free Expression. We believe in political speech. Kailey that is all straight ahead on bloomberg best. Kailey hello, and welcome. This is bloomberg best , your weekly review of the lets start with a look at the headlines. As the week began, a deadline for reaching the brexit deal was still looming. The eu had not announced whether it would approve an extension beyond thursday, but monday, they announced a decision that triggered another phrase of parliamentary maneuvering. Extension granted. The eu is agreeing to a threemonth delay for brexit. That will take us to january 31. Because
Tax reform in particular im not so sure about that. A lot of the analysis being done by various independent institutes have found that the impact on u. S. Gdp growth next year will be fairly minimal. Talking about maybe 0. 2 , 0. 3 whether the reduction in the Corporate Tax rate increases, helps to increase investment is a moot point certainly Many American corporates are cash rich we know over the last couple of years theyve been using that cash to buy back their shares, which helped to elevate u. S. Equities its helpful make no bones about it but whether it can help sustain sort of growth rates that President Trump is looking for, 3 , 4 , its interesting to note the 3 actual outturns surprised many market economists whether that can sustain momentum going into 2018 is questionable you think optimism not so much political posturing definitely yes i think equity markets like any tax reduction. Theyll hope that any Corporate Tax rate cut finds its way into dividend increases but were en
Do you believe this accurately reflect the government goals . Yes or no. I believe it accurately reflects some peoples attitudes, but i dont know if it is possible for iran to do that. I think israel has enormous capacity, obviously. I didnt ask for all that. I just ask if you have a judgment. It is not an implementable policy by iran. Less than two weeks their code weeks ago the ayatollah letter rallied it was legally consummated by chance of death to america and death to israel. Do you believe that was frequently punctuated by chance chants of death to america. I see no evidence that they have a policy that is able to think that against us. Iran is the worlds foremost sponsor of terrorism, do you believe that . Yes. And they will use the weapons made available to kill americans and israelis . They may, and we have as you note as you know responded to that since 1979. We have put sanctions in place specifically because of their support for terror. I understand that. You answered my qu
Only about 30 points away from 18,000 . I think you know, everybody all last week, all we talked about what was coming up on the weekend in terms of energy. Energy is still the same range its been for awhile. We started to adjust the range up 37 to 42. Whats most important right now is the financials. They have been lagging. What will they do when we finally get to the financials. We have jpmorgan and bank of america. The numbers arent great. We know that. The bar is set extremely low but look at the performance. Look to see whos performing best. Its the beta names. Citi, bank of america. So far they have had the best results in terms of the Stock Movement when you look at where jam jamie dimon started to buy that stock. Look at the performance you get out of the beta names that trade well underneath book value. Nasdaq almost 50 points, only about 50 points away from 5,000, by the way. Not 5,000. Give me the nasdaq, please. So i dont misspeak again. Oh, yeah. About 5,000. Youre in the