Another record. Bitcoin reaching a new high above 71,000 this morning. Look at the move. It has been a staggering move. 71,758 as we speak and climbing. Crypto adjacent names, coinbase, et cetera, seeing gains. There is three days after ethereum breached the 4,000 mark. Look at the crypto stocks. Trading higher this morning. Early this morning, i should say. Coinbase and robinhood. We will talk to Michael Saylor at 8 30 a. M. Today. We will ask why invest in the proxy when you can invest easily in the etf now . Thats one of the big shifts. Hes a brave man. He is a brave man. Buying more bitcoin. That would be his argument. He is a levered bet on crypto. The stock is a leveraged bet on crypto and bitcoin in a way that you could go leverage. Aside from the Software Business. That is not part of the deal. Have you heard about coinbase and what goes on there . The zero balances on the high volume base . I have been looking at it. Whats going on . I have seen it. That number is nice. It goe
Plan enters a crucial week. Can the president get a policy win before the year is out . 4 00 a. M. T 00 a. M. , if you are in london. I am tracy alloway. We are at the start of another trading week here in the uae. Let us take a look at how u. S. Markets closed on friday. It was not a bad day for u. S. Equities. With the spx closing up about five points, helped by u. S. Retailers. It was black friday in the u. S. We saw the Retail Stocks push the index up, including macys. Macys is the sixth best performer i on friday. Amazon was the second best. Let us talk about the dollar because the dollar continues to slide. Since been sliding wednesday, now at its lowest level since eight weeks. He opposite story for the euro the euro now at the strongest in about two months. It looks like germany might be able to get past the political impact we were discussing last week. Fascinating moves. Here are some other Asset Classes we have been having our eyes on. Take a look at u. S. 10 year. 34, modes
The week began with the region coming to terms with the worst assaults in egypts history after an attack in northern sinai hundred people dead. I spoke with a Senior Executive officer. What if it is an Inflection Point . Shocking event in terms of the nature of it and the death count that has come out of it. The thing you have to remember is that egypt has gone through a whole series of things on the political side, security side, as well as markets. Now we should view it as an isolated event and see where things go. Asisi came out strongly and said they will clamp down hard. We will see where things progress before jumping to too many conclusions. Yousef the question becomes how should investors look at it. You are saying look at it as an isolated event. I went back to the last terror event. Egyptian assets remain strong. Its quite interesting. If you look at it and go back a year, you almost have to view this as the timeline situation. They year back, very few Foreign Investors had a
Burst . But first, coming to terms with an attack in egypt that left 300 people dead. I spoke with the Senior Executive officer at emirates. It is a truly shocking event. I think the thing you have to remember is egypt has gone through a series of reforms on the political side as well as market side, so for now, i think we should view it as an isolated event and see where it goes. They will clamp down hard on this. I think we should take a moment and see where things progress before jumping to too many conclusions. The question becomes how how investors should look at the story. 2015, stock market sold off. Your appetite for egyptian assets remains firm. It is an interesting one. If you look at it and go back a year, you almost have to view this as a timeline situation, a year back, very few Foreign Investors had an appetite for egypt. The security situation was a bit of a mess. Last october or just over your a year go, 20 billion dollars. Today, they are 36 billion. Half of it has bee
Ver, onetime Bitcoin Jesus. Hes here to tell us why this is just the beginning of the rise of bitcoin cash. And were going to switch the bug. Switch it from bitcoin to bitcoin cash the newlyadded coin has been extremely volatile since being added to the platform. Its a crazy bitcoin world out there. Were going really large tonight here on fast. First we start with the tax cut. What all of wall street has been waiting for, as both chambers of Congress Pass the bill and President Trump took a victory lap at the white house ylan mui is in d. C. With the details. Reporter melissa, it was a washington love fest there at the white house, with many people thinking that republicans wouldnt actually get this done before christmas but the party rallied around this bill. They put aside some of the infighting that had plagued the gop earlier in this year to stand behind the president its been an amazing experience i have to tell you hasnt been done in 34 years but actually really hasnt been done,