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Dow topping 28,000 today for First Time Since february. Its the value trade thats working. Is the rotation for real i think as long as you have confirmation in the bond market, you can believe in it but when that link breaks, the stocks the value stocks probably crash again. We witnessed an episode like this that happened from the middle of may through the middle of june. It was almost a full four weeks. It was violent to the upside value stocks, cyclicals, the quote reopen names Small Cap Value did incredibly well the Growth Stocks took a pause the high flyers corrected but when that ended, it didnt end gently you had crashes in the reopen stocks you had crashes in the value stocks both asbestbsolute and relative to growth its a Real Recovery if that link breaks a ....
Perceptions around what the boj will do in its today meeting which concludes next week. We are seeing firming continuing in the japanese currency. Yesterday we saw the country avoid a technical recession. Better than what economists had been expecting. Perhaps we could see a shift in march. It seems for a economists, by april. It depends on what comes out of the wage negotiations. That is something that could force the boj to end its negative interestrate policy this month if the numbers come in pretty strong. That is what local media is saying here. Negotiations wrap up wednesday and the first estimate on friday ahead of the wrapup of the meeting the following tuesday. That is the japan outlook. We had a drop in yesterdays session. Korea coming online looking better so far. Range bound. Doing better than wall street. U. S. Stocks we saw inching lower. It is the countdown to the u. S. Inflation print still expected to be in the 3 territory. Core reading, three point 7 according to our ....
Moon, super big and superbright. The first time in 15 years of bloomberg has synced up with a supermoon and a total lunar eclipse. Global news, 24 hours a day, powered by more than 2700 journalists and analysts. This is bloomberg. Emily im emily chang. This is bloomberg technology. Coming up, facebook, hit and miss. Our look at fourthquarter earnings for the social media giant and the most concerning metric or wall street. For wall street. How microsofts push into the blockchain and the cloud added to its bottom line added to the its bottom line this quarter. How microsofts push into the as Travis Kalanick and larry page get ready to testified. Facebook reports its fourthquarter earnings results. Here are the highlights. Revenue coming in at nearly 13 billion, beating the highest estimates from analysts. Monthly active users totaling 2. 1 3 billion, while daily active users came in at 1. 4 billion, slightly below forecast, one of ....
And cnn reports President Trump wanted to know where special counsel russia investigation was headed and asked if Deputy AttorneyRod Rosenstein was, quote, on my team. The top doj official in the russia investigation has sought trumps support in fighting off document demands. And the moon puts on a rare cosmic show today, a red blue moon, super big and superbright. The first time in 15 years a blue moon has synced up with a supermoon and a total lunar eclipse. Global news, 24 hours a day, powered by more than 2700 journalists and analysts. This is bloomberg. Emily im emily chang. This is bloomberg technology. Coming up, facebook, hit and miss. Our look at fourthquarter earnings for the social media giant and the most concerning metric for wall street. Plus, microsoft earnings also on cap. On tap. How microsofts push i ....
Apple Head Quarters for the details. Josh. Reporter i did, melissa, just speak to tim cook. Let me give his rundown. As for the iphone, he said they couldnt be more excited about the demand theyre seeing for those new models, the 7, and 7plus. He pointed out the demand continues to outstrip supply, specifically for the 7 plus. I did ask him about competition. I was interested in his reaction to, of course, samsung and that really unprecedented blunder with the note 7. Cook telling me too soon right now to really identify how much of an opportunity that is for apple. He, of course, said they do welcome all switchers. He is ramping up supply of the iphone 7 plus. He said. But thats not in a reaction to samsung. Thats simply trying to meet demand. I think you also hear a lot of investors have questions about Greater China. You did see revenue fall about 30 . Cook, in his explanati ....