and the nasdaq closed at a record high. russell, a lot of big movers were in that cap space. grubhub, weight watchers, club our you are getting more brass. we want to mention volume picked up dramatically in the dow. up 47%. the nasdaq up 20% as well. let us check in with our report just to see what they were monitoring. abigail, what are you watching? a stick with the theme that investors, traders too optimistic given the current context of the tensions in the middle east. evaluationp 500 self and the technical stretched this is a one year chart. what we have is the s&p 500 climbing relative to the 200 day moving average went it went above. it consolidates down toward the 200 day moving average. 9% above the average. not every day that we have all-time highs. missile attacks in the middle east but that is the case. highs in their. stretch conditions may consolidate a bit. taylor. i am taking a look at the similar thing p. a multiple basis. if you take a look at the chart
better than estimated. how would you characterize the recent data and the strength of the economy? win: i would say it s solid. we had some outliers, but you look at some models, the atlanta fed has growth somewhere around 2.3%. the new york fed now has some thing around 1.2%. i expect the truth is somewhere in between. i think we will avoid recession in 2020. that s what the yield curve is telling us. we went from an extended period of inverted yield last year to positive. i think markets feel pretty good. that said, we have a few hurdles out there. vonnie: iran the and one of them. how do you see this escalating tension, the tit-for-tat impacting markets, particularly currency markets? win: we started the year pretty much popping open champagne, hitting record highs in the equity market, but we got a serious dose of reality. a. trump has ignited situation in an already quite unstable region. iran has pledged retaliation. when, what, where, we don t know. that is not just ag
tens of thousands of protesters took to the streets in lebanon today to mark independence day. the unprecedented wave of national protests erupted five weeks ago, leading to the resignation of the prime minister on october 29. protesters waving lebanese flags packed central beirut where music blasted into the night. deeply divided politicians have yet to agree on a new government the united nations envoy for yemen says the momentum to end the country s war is building. aircraft its points to a nearly 80% drop in airstrikes nationwide in the last two weeks. and a cease-fire in a key port city as reason for optimism. griffiths told un security council members today that the slowing pet tempo of fighting could signal a move toward peace of the arab world s poorest country. global news 24 hours a day, on-air, and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i m mark crumpton. this is bloomberg. live from bloomberg world headqua
the aramco ipo will be a local event. the world s largest oil company has decided it will not market shares to american, canadian, european, or japanese investors. instead, they plan to rely on ultrarich saudi s, most of which have impressed to buy shares. regulationsosening to allow locals to buy more stock. global news 24 hours a day, on-air, and @tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. i m mark crumpton. this is bloomberg. 1:00 in new york,alysts in oves 6:00 in london, 2:00 a.m. in hong kong. i m vonnie quinn. welcome to bloomberg markets. from bloomberg world headquarters in new york, here are the top stories from around the world we are following. u.s. stocks in a range as investors weigh on trade update. president trump and secretary mnuchin meet with jay powell to talk about the u.s. economy. our conversation with u.k. leader jeremy corbyn. how he plans to nationalize key industries, should he win the general electi
critics say it is not enough. and chasing tesla. new luxury car seeks to overrun tesla. we will run down the features, including the price. slack chairs are plunging in after hours trading after the company gave its first earning report as a public company. while it beat analyst expectations for both second-quarter revenue and earnings, it projected slower sales growth for the second half of the year. aboutsaid revenue will be $154 million in the third quarter, signaling that strong competition may dent the software maker s rapid rise. shares are falling about 15% in the post-market, following the results that it s poised for a record low. joining me to discuss, nico and larry. great to have you. we ve had a few hours now to digest the earnings. give me some of the big concerns here. is the big concern that topline revenue growth? well, that s something i don t cover. i cover i work for technical professionals. i talk to the geek in the room, the i.t. professionals about