59 minutes we are session highs on the dow record highs on the nasdaq composite intraday and set for a record close coming up, the rebound for Airline Stocks has been fast and furious. Is there enough demand to justify the rise well get a firsthand look with robin hayes. Plus, a powerful email from a Goldman Sachs employee about equality in america made the rounds on wall street in the past few days. Well speak with freddererick ba that is coming up on the show. Lets focus in on the big stories were watching to day. Mike san thole and Brian Sullivan watching the Energy Sector which is helping lead the market gains today mike, lets kick things off with you. Yeah, well, this rally continues to impress not just in the magnitude of the gains since the march 23rd low but the persistence of it. Look at a two year chart this is really now a broad move. Up until around this point, you can say it was relatively narrow yes, some of beaten down stocks gained most. Mostst reas of the reason is th
I was a hostage. He is very keen to clear his name. Party on, elon. Tesla celebrates a milestone of its push into china. Huawei braces for another challenging year under u. S. Sanctions. We hope restrictions do not get worse, but if they do we have a plan b. Sebastian Alan Greenspan says the only way to curb deficits is to pull back benefits. We are trying to spend more than we have. Sebastian thats all straight ahead on bloomberg best. Sebastian hello and welcome. Im Sebastian Salek and this is bloomberg best, your weekly review of the most important Business News analysis and interviews. Lets start with a day by day look at the top headlines. The week began with markets reeling from a geopolitical shock, an attack that killed one of irans top military officials. The fallout of a top Iranian Military commander is widening. Lawmakers in iraq have voted to expel american troops. Iran says it will no longer abide by the Nuclear Deal Reached with major powers in 2015. President trump thre
The list and flat screen televisions this will take pressure off retailers ahead of the Christmas Holiday season still other product that will get hit. Only a little pressure. Because in the breakdown that some conducted for the items hit with tariffs on september 1st versus december 15th there are still tens of billions of dollars of foot wear and apparel categories that will be included in september 1st you have Musical Instruments, sporting goods, and a lot of food items that will be hit on september 1st. Musical instruments, is that a big market in the United States chinese made Musical Instruments . I dont know im happy that today youre serious today. It is a big show it is a big show. It is a big show every day thats the part that bothers me sometimes it is not. You say it is. Other times he says i will be honest with you. Im like really . Thats nice. In this one vignette you will be honest youre not always maybe honest but you say its a big show every day. You have backish today
Washington worries the manager of the Biggest Hedge Fund wrote a post saying im watching how conflict is being handled as a guide, im not encouraged the bridgewater founder was initially confident that President Trump could stimulate growth tru throuhrough tax refo dered deregulation well hear more from ray dalio next month when he joins the delivering alpha conference. A los angeles jury ordering Johnson Johnson to pay 417 million to a woman who claimed that the talc in the baby powder caused ovarian cancer. J j says it will appeal the ruling its the largest yet in lawsuits saying the company failed toed a quickly warn consumers about the cancer risk of its talcbased products Johnson Johnson faces 5,000 cases nationwide long long ago, the ceo of i think it was after ralph larsen i had read about this probably ten years ago. 5, 10 years ago. Sometimes the shape of a carcinogen im not slaying talc is a carcinogen there was scuttlebutt about this, at least ten years ago i have not touche