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Good to be back with you. You did mention very important piece, which is davids piece and hes a friend of the show. Talking last night i was reading it and thinking can we really go higher he has a piece that says we will blast higher that will be something that i think a lot of people would be suspect, little critical of because were going right into the election he doesnt seem to mind that davids work is high quality and i just really think that he is just saying, it is time. And wouldnt that be something if we have a big, big move here. Its fascinating. He does say, jim, as you point out, the election does remain a risk but 3,600 year end and 3,800 in 12 months is a 6 gain and earnings estimate, jim, for next year 170. I mean, i remember when they thought 150 might be a risk. I just have to tell you, i wish everyone could get goldmans research i was fortunate enough to get that piece because it is a very logical piece because how there are many parts of the economy that are good. Th ....
1. 13 . Wowza. They jeweled that nasdaq they reacting to a glut of ipos. On the investment publics back. I take no joy in this but i told you so all year i predicted the ipo cycle would end with a whimper and now its here. Busted deals like peloton. On the heels of smile direct and lyft and uber. Boo theyre booing, becoming the norm there is a big reason why it keeps getting hammered especially the turbocharged Growth Stocks. Did you see them today kind of to the point the president i hope follows through to block more chinese iphonipos no, no, aagh i dont chatter about limitations by the president causing the market to get hit because anything thats not flat out suggesting compromise indicates that were much furthe further away from a trade deal than the bull has hoped. As someone who wants the chinese to play fair, i think a ban on chinese ipos would be a blessing its not whats in the cards, i can tell turns out talk is really ab ....
Uncalled a critical moment for the region. Stocks in asia rising as investors await the results of diplomatic efforts that may help contain the israelhamas war. Gold is moving lower. Vladimir putin arrived in china on a Rare International trip for talks with xi jinping as the u. S. Presses beijing to reduce tensions in the middle east. Let me bring you breaking news the corporate space. We are getting numbers out of ericsson. The Swedish Telecom maker has Third Quarter net sales come in at 64. 47, will call it 5 billion swedish krona. He got perhaps a number that they already announced a 5. 2 drop previously with 64. 5 billion what they announced last week. This is a drop on the 60 billion a year earlier. You are seeing headlines come around their adjusted gross margin. It is 39. 2 . The ebitda margin dropped as well ....
Kriti good morning. Welcome to bloomberg daybreak europe. Im kriti gupta in london. Israel tells the you and the palestinians in northern gaza need to move south within 24 hours. Residents are bracing for a ground offensive. The u. S. And qatar agree to hold off distributing 6 billion in iranian oil revenue. Iran is warning to a new front mate open is really if its really where crimes continue. Global stocks are under pressure as treasury yields surge around the world. Lets get a check on markets because the geopolitical situation is evolving quickly. When you look at the markets, they have their eye on the inflation data in the u. S. Yesterday. That is crucial in terms of market trade. Euro stoxx 50 futures down 0. 3 the surge in bond yields is starting to see pain in the markets. I thought we were done with the higher bond market story which weighed on the valuations and profits of big Corporate Companies in the u. S. And e ....
Tom good morning. This is bloomberg daybreak europe, im Tom Mackenzie in london. Stocks in asia slide following a sluggish u. S. Session. The dollar rallies and the yen drops. Minneapolis fed president Neel Kashkari says rates will likely be on hold for an extended period. The Israeli Military edges further into rafah. Buys a biden pauses shipment of bombs to israel on fears the idf could deploy them in the densely populated city. Xi jinping welcomed with open arms in serbia. The chinese president looking to bolster support in eastern europe. From geopolitics to the earnings story and the lines from the brewer ab inbev with a beat in the First Quarter in terms of organic earnings, up 5. 4 percent, an increase versus the estimates of 2. 75 , so in terms of organic adj ....