Ideas. The Investment Committee is ready to go. The Halftime Report starts right now. It is did to hais good to hh us joe terranovterranova joins us lets kick it off with stocks. Record highs for the major averages, volatility, the lowest since the summer the question now does it clear the decks for a major move higher by the end of the year, josh brown, that question goes to you first hey, judge, how is it going how are you heres the big picture. Take the s p and the dow out of it look at the etf for atwx, global stocks without the United States in it, or look at the efa index, theyre both hanging at new highs. That is something that not a lot of people expected going into this year. There was a conversation about how the trade war would be damaging to europe and brexit would be damaging to britain what if i told you german stock market is up 25 year to date, japan is up 17 , the United Kingdom is up 28 . You wouldnt have expected those things to be happening that back drop is importa
Chancellor Angela Merkels government will demand the u. K. Pay for the privilege of its banks having access to e. U. Markets after it leaves the bloc, according to officials from two key german departments. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Crumpton. This is bloomberg. Vonnie it is noon in new york, 5 00 p. M. In london, and 1 00 a. M. In hong kong. I am vonnie quinn. Shery i am shery ahn. Markets. Bloomberg from bloomberg World Headquarters in new york city, here are the top stories that we are following. The state of American Business will speak with u. S. Chamber of Congress President and ceo tom donahue. What he sees as the top challenge facing the Business Community. Another market bombshell, or potentially from china. They may pull back holdings of u. S. Debt. Ofld this be the beginning the end of the bull market for bonds . Ford in the hot seat. It has become the latest carmaker to be accused of diesel emis
To come from. Cook as he with stakes out New Territory for the companys future, from t. V. To first newpples product category in years, a Smart Speaker called homepod. A direct challenge to amazon and google. On this edition of Bloomberg Apple c. E. O. Tim cook. Tim, thank you so much for joining us. Its really a pleasure to be here. Again. T to see you unbelievable to be here obviously. Newets start with the smart smeerk. Smeerk Smart Speaker. Should people buy it, over amazon echo or google home, at price . Weve tried to build something that is a breakthrough speaker first. D. N. A. , deep in our dating back from itunes and ipods, so we wanted something one, sounded unbelievable. Of of course it does a lot other things, right . And all those are important as well. Reallywanted a highquality audio experience as well. You are very focused on how this could reinvent music in the home. What about these other things . Phone be able to make a call, call a car, order groceries . Theres a lo
Potentially selling treasuries but more about inflation showing up in the u. S. , the risk that keeps most Market Participants awake at night. I think for the treasury market, it is far more important what the actions are coming out of europe and japan. You have not only the fed unwinding its balance sheet, we have the ecb slowing purchases, we have seen from the boj that they are making changes, which we extrapolate, slow purchases as well. The fed is poised to take its off the scale, and poised to stop manipulating the 10year treasury. 14 trillion worth of bonds bought by Central Banks in the past four to five years that appears to be close to an end. The bond market is not dead, it is just dealing in a bearish trend that a lot of people in the market havent seen before. They have to learn how to do it. We have put in a structure, secular low in yields, 130, 140 on the 10year. But i think to say we are in a bond bear market is still premature. Jonathan joining me is Matthew Hornbach,
The risk that keeps most Market Participants awake at night. I think for the treasury market, it is far more important what the actions are coming out of europe and japan. You have not only the fed unwinding its balance sheet, we have the ecb slowing purchases, we have seen from the boj that they are making changes, which we extrapolate, slow purchases as well. The fed is poised to take its thumb off the scale, and poised to stop manipulating the 10year treasury. 14 trillion worth of bonds bought by Central Banks in the past four to five years that appears to be close to an end. The bond market is not dead, it is just dealing in a bearish trend that a lot of people in the market havent seen before. They have to learn how to do it. We have put in a structure, secular low in yields, 130, 140 on the 10year. But i think to say we are in a bond bear market is still premature. Jonathan joining me is Matthew Hornbach, priya misra, and michael buchanan. The bond bull, were you shaking this wee