We got this weak Gross Domestic Product number, just 1. 6 growth anemic and a surging inflation number connected to the gdp up 3. 7 . Bad combo. Which is why the dow tumbled 375 points s p lost. 46 . Nasdaq dropped. 64 . Ive got to tell you it was much uglier at one point today. The dow was down almost double where it went out. As we heard all day about the Slower Growth and higher inflation and that meant the dreaded term stagflation and that environment is toxic for stocks the house of pain on top of that one of the markets greatest leaders Meta Platforms got crushed today. I mean, just annihilated not because of its earnings which were stellar but because it committed a huge amount of spending most of it directed toward generative Artificial Intelligence whats bad for the meta goose, though, is good for the nvidia and broadcom gander, which is up 29 points and 37 points respectively as theyre going to get a huge chunk of Capital Expenditure budget i still believe in meta, more on th
Marc benioff on success in the cloud, unicorns, and more. It is time the corporations had to their core value system the word quality. It is all straight ahead on bloomberg best. Yvonne hello, i am vyonne man, welcome to bloomberg best. The weekly look at the most important news, analysis, and interviews from Bloomberg Television around the world. We begin with a significant decline in the price of oil, which is where we start our review in the weeks top headlines. We start with oil, the big story, down the most in seven years. Investors are worried that oversupply will Carry Forward after opec abandoned to limit prices. David covers oil from our bureau in houston. Lets go back to that decision. So much as it was a decision by consensus. It is every member of opec for himself. Give us some sense of what saudi arabia is trying to do . A lot of people think that they are going after shale. They are going after the competition in the market with the shale producers here in the u. S. The c
Cloud, unicorns and more. , it is time the corporations had to their core value system the word quality. It is all straight ahead on bloomberg best. Yvonne hello, i am a vyonne man, welcome to bloomberg best. The weekly look at the most important news, analysis, and interviews from Bloomberg Television around the world. We begin with a significant decline in the price of oil, which is where we start our review in the weeks line. Headline. We start with oil, the big story, down the most in seven years. Investors are worried that oversupply will Carry Forward after opec abandoned to limit prices. David covers oil from our bureau in houston. Lets go back to that decision. So much as it was a decision by consensus. It is every member of opec for himself. Give us some sense of what saudi arabia is trying to do . A lot of people think that they are going after shale. They are going after the competition in the market with the shale producers here in the u. S. The crazy thing about that is th
Marc benioff on success in the cloud, unicorns, and more. It is time the corporations had to their core value system the word quality. It is all straight ahead on bloomberg best. Yvonne hello, i am vyonne man, welcome to bloomberg best. The weekly look at the most important news, analysis, and interviews from Bloomberg Television around the world. We begin with a significant decline in the price of oil, which is where we start our review in the weeks top headlines. We start with oil, the big story, down the most in seven years. Investors are worried that oversupply will Carry Forward after opec abandoned to limit prices. David covers oil from our bureau in houston. Lets go back to that decision. So much as it was a decision by consensus. It is every member of opec for himself. Give us some sense of what saudi arabia is trying to do . A lot of people think that they are going after shale. They are going after the competition in the market with the shale producers here in the u. S. The c
It is time the corporations had to their core value system the word quality. It is all straight ahead on bloomberg best. Yvonne hello, i am a vyonne man, welcome to bloomberg best. The weekly look at the most important news, analysis, and interviews from Bloomberg Television around the world. We begin with a significant decline in the price of oil, which is where we start our review in the weeks headline. We start with oil, the big story, down the most in seven years. Investors are worried that oversupply will Carry Forward after opec abandoned to limit prices. David covers oil from our bureau in houston. Lets go back to that decision. So much as it was a decision by consensus. It is every member of opec for himself. Give us some sense of what saudi arabia is trying to do . A lot of people think that they are going after shale. They are going after the competition in the market with the shale producers here in the u. S. The crazy thing about that is the shale can respond very quickly t