The red. Does tech stage a rebound in october . You have huge positions in the faangs what do you think . What matters to me is sales growth they have it we have started on the digital journey. Not just in america. Everywhere, europe, asia, south america. Its a theme we have been tau g talking about for six months be p the idea it will go away after the pandemic is resoevveverreson ever that is, is ridiculous. Remembering apple or amazon over its journey had multiple 20, 30 corrections. You just got to take a deep breathe. It will come back. Did those stocks get too ahead of themselves . No. I think apple is unique. Every name has a different issue. Theres still a little bit of Consumer Electronics associated with apple this whole idea of stay at home stocks, st stocks we are going through a fundamental change in our economy. I want to own them now after the election, next year and the year after that were only in inning three look at nikes earnings. They are almost 33 direct to consum
Depressed demands. Rwe raises after a 2 million euro capital increase. Thank you very much from the bottom of my heart thank you all. It means the world to me and my family ill see you all on thursday thank you. Thank you. Thank you. Joe biden officially wins the nomination and vows to end the chaos of the Current Administration as he takes aim at President Trump a warm welcome to street signs. Lets take a look at european markets and how we stand the hour into the trading session. 6 representing losses for every region, every sector we are looking at gains overall. Gains across some of the regions at one point, nearly ever trading sector was moving higher fairly muted fed Meeting Minutes later today. Thank you youll be interested in this here i am at the wall having a look at the s p 500 and this movement weve seen in the equity markets even though people are concerned that we may not see a vshaped recovery when you look at what is happened with the s p 500 here, you get the sense tha
Abramowitz, Jonathan Ferro off. Anna edwards joining us with the london perspective. The vix, 21. 59. The marketrn to overall. Yields coming in two basis points on the 30 year bond. Bond with a0 year negative yield had record interest. That is how odd that is not in the textbooks. , with a lot of things that are not in the textbooks now. The extent to which Central Banks are manipulating markets, keeping yields low, keep borrowing costs for everyone low. There is nothing normal about what we are seeing here. Incredible movement on the equity market yesterday in the United States, getting back to valentines day levels. This is the strangest recession, heard in that clip at the top of the session. The fundamentals of the economy look so daunting, but is the equity market just doing its job discounting way into the future . Tom we will have to see. It is very important to understand yields have come back. Over to a lower yield regime. Anna edwards, you have the morning brief. Anna yes i d
With thetoday coronavirus fears, im taking a look at volatility. The vix has its biggest spike on a weekly basis going back to august. Mark sebastian said something that caught my attention. He thinks there is the possibility that monday could turn out to be similar to the black monday in august of 2015 when the dow at one point was dow 1000 points down 1000 points. There is a possible super spike in the making. There are lots of different ways to look at the vix. The point im making is we have higher lows going into what happened in 2008 back in 20142015. Ahead of the 2016 correction, we had a similar situation. Right now, we have higher lows telling you volatility is on the rise and we could see some sort of super spike. Taylor i wanted to fold in what you are talking about with Market Expectations given the coronavirus and growth expectations. This chart is all about those breakevens. Now down to 1. 6. 10year below that. This highlights the lack of inflation, the lack of growth expe
Based on the risk off the further markets. It is time now for global exchange. We will bring you todays market moving news from all around the world. Our bloomberg voices are on the ground with this mornings top stories. Where to begin in asia, the coronavirus continues to spread in china, with the number of confirmed cases climbing above 75,000. Engle. Me is Stephen Stephen for the second time in about a week, china has rejigged its methodology for how to classify confirmed cases of the coronavirus in china, that has led to this now becoming a bit of a global crisis. We are seeing more speculation that the data we are getting is we necessarily reliable, or are seeing a significant dropoff in the number of confirmed cases. In hubei province, just 349 new cases reported overnight. Is that because of the new methodology, or do they have the containment efforts under control . That is raising a lot of confusion and questions. Also, it adds to suspicion that officials in china may be prema