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How fast this economy will recover. We debate that today with our Investment Committee its good to have everybody with us josh, is that what this is is this a reality check of sorts on where we truly are and how long this recovery will take hold then we have this massive count r trend rally where it was just the opposite i think that was important for the market to have that catch up in a lot of the names that have been so substantially trashed, maybe big moves to the upside. See some excitement about companies that arent based in coopertino and thats fine again, the prevailing trend, the real trend is taking hold again today. Even the stay at home stocks are rallying again it almost feels like its blue team, red team lets say blue team is where people have really made the most money and then red team makes money occasion mally when they do those counter trend trades. I do think we had a two month bubble in day trading activ ....
We are 30 minutes into the u. S. Trading days. Julie hyman is to it breaking economic data. Is on consumer confidence, coming in ahead of estimates. The Confidence Index rising to about. 9 versus 125. 9, quattro points better than estimated by economists. In addition, we have the Chicago Purchasing Managers index higher than estimated at 66. 6. Very little change at this point in time, the nasdaq gaining a not muchre but movement. Lets go to a there is movement deal talk and earnings. We have a lot to talk about. Rockwell automation gassing up big as shares of Emerson Electric fall. Emerson has offered to acquire Rockwell Automation, trying to become one of the largest providers of equipment and software to make factories more efficient. They r ....
President trump says the resignation of highprofile democratic lobbyist tony podesta is bigger news than the manafort indictment. Podesta is stepping down from his powerhouse firm after coming under investigation. Another highprofile elected republican official plans to bow out after his current term. Texas house representative jeb says he will not take the election next year. Because called serving the u. S. Congress the greatest privilege of his life. Global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. This is bloomberg. Emily im emily chang, and this is bloomberg technology. Coming up, capitol hill mea culpa. Facebook and twitter and google testimonies in washington. Lawyers from each tech giant answer questions on what one senator calls the National Security question of the 21st century. Plus, apple and qualcomms legal battle takes another nasty turn. We consider the bee ....
Polluting companies. The separatist leader has been summoned to court on suspicion of sedition, which could see him jailed for 30 years. Hes currently in brussels saying he wants to plead catalonias case to e. U. Leaders. He said he would only return to spain madrid guarantees him a fair trial. Global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. This is bloomberg. ,ake a look now at the markets trading just getting underway in hong kong and china. The markets generally starting the month on a positive note, and a look at tokyo, sydney, and singapore. This is bloomberg. Im emily chang in this is bloomberg technology. A deep dive on facebook, google, and twitter, testimony in washington. Each tech giant answer questions on what general called the National Security question of the 21st century. Plus apple and qualcomms legal battle takes another nasty turn. We consider the be ....