Was the introduction of the iphone, which literally changed the way we use devices with those multimedia functions, and it enabled and opened up several doors of opportunity for us to have this conversation today. But on a regulatory front, which is more in line with your question, in the 1980s, the fcc launched its first cell phone spectrum band. And through a series of those decisions, you know, based on that, we are now seeing and that launched this Global Mobile revolution. And of course revolutions often happen in different phases and different stages. So, now in terms of mobile revolution or evolution, were talking about the fifth phase in some ways, but not in all communities. And thats another topic for another time. But the fifth wave of evolution when it comes to mobile phones. And what we saw around the third wave or so is these devices becoming smaller, more nimble, less expensive, and more ubiquitous. So, you had the popup of a lot of these very accessible sites to buy the
Few sessions for tech stocks losing over a trillion dollars in value in just the last three days josh lipton is sorting through the carnage and has more josh thats right, jon bigtech names suffering big losses take another look here at apple, minhaj, amazon, alphabet, facebook and tesla just to put the plunge into perspective. The last three days essentially wiping out three weeks of gains. At the start of this year, these Six Companies were worth about 5 trillion. Their value then peaked at 8 trillion just last week. Now they lost about 1 trillion sounds like a lot, but also keep in mind, the remarkable runs these stocks have had. For example, apple is trading about 15 off its alltime high. Still up, though, about 60 so far this year. Same goes with amazon. Down about 6 so far this month, but the stock is still up more than 70 so far in 2020. Also, check out the smh, the etf that tracks the chips bouncing here this morning. Trading about 10 off its most recent high. Sector surge on th
Do you remember what the significance of that year was . I know you know but for those who dont, that was the introduction of the iphone which literally changed the way we use devices with those multimedia functions and enabled and opened up several doors of opportunity for us to have this conversation today but on a regulatory front which is more in line with your questions in the 1980s the sec launched its first cell phone spectrum van and through a series of those decisions, based on that, we are now seeing that launch this Global Mobile revolution. Of course, revolutions often happen in different phases and different stages so now in terms of mobile revolution or evolution we are talking about the fifth stage in some ways but not in all communities and that is another topic for another time but the fifth wave or evolution when it comes to mobile phones and what we saw around the third wave or so is these devices becoming smaller, more nimble, less expensive and more ubiquitous so y
That it would be premature to speculate on that possibility. That seems to be one of the factors driving the market today. That theositive news market believes it is going to get on the vaccine. That is why we are seeing the s p up. 6 . We have the euro trading higher. The dollar continues to move lower. We will talk more about bonds as well. Is the bund overvalued . Lets get back to that subject of the coronavirus pandemic. Many European Countries continue to report a surge in cases. Is the Bloomberg Intelligence director of research. We are starting to see a pickup in a number of cases around europe. Has europe missed his opportunity to control the virus . Many people were lauding it for having been able to do so. You have seen rules loosened over the summer we have seen rules loosened over the summer and cases are climbing back. Surprised. Ot if the authorities in charge are when we loosened the restrictions, when bars and clubs opened with very likely people who cannot control thei
Weight. These annual letters are going to be Agenda Setting for wall street. Earnings season kicks off with the biggest banks in the spotlight. Numbers we saw this morning in fixed income are staggering. Top executives from health care and Drug Companies spot key issues facing their industry. Biosimilars are an important part of the health care system. Technology is an enabler of innovation, accelerator of innovation. We are trying to bring down outofpocket costs for consumers. Even as equities climb to alltime highs, howard marks thinks it is not a great moment to be in the market. The odds are not, in my opinion, in the investors favor. It is all straight ahead on bloomberg best. Hello and welcome. I am juliette saly. This is bloomberg best, your weekly review of the most important Business News and interviews from Bloomberg Television around the world. Lets start with a day by day look at the top headlines. As the week began, tensions remained high in the middle east with irans gove