Be a total touchdown for investors. Start off today with a alltime high at apple. The stock up 80 in the past year the do you buy this ahead of the report tim, youre shaking your head. I barely got the question out of my mouth the. It was really more just the extraordinary move here, and there were a couple of upgrades and theres a sense here that actually sell side consensus is like the relative to the buy side who is probably 10 higher both on revs and eps the multiple on a forward 12month is now 3 is times, and and, yet, look, i think theres a lot of levers for the company to pull here, and i dont think they really care about pulling levers but the Services Revenue is really, you know, settled into this high teens growth rate. The app store apparently is going to do 20 billion calendar Fourth Quarter which is going to be up 45 or so so these are the drivers to me. If you think that this has been a full transition to really a servicesbased earnings profile even though we know its sti
Reflationary trade push commodities and smallcap higher, treasury markets are not playing along with the bet on u. S. Economies. By theeing held back feds outside presence. We get a clearer guidance at the fed meeting wednesday . We will debate that. Joe, what is abundantly clear, with the twoyear yields near record lows and the risk off feeling, the market does not want to fight the fed, even if they believe in a recovery. Joe i think thats exactly right. One of the key dynamics with this market today, notwithstanding, is that even with strong signs of an ongoing recovery and an incredible risk on move in stocks and industrial commodities, 10 year yields have not been inching higher the way people would have expected in this type of environment and today falling back down. We could not even break one, we again. Low. 9 ifaine but watch this space you do get the economic recovery, then a lot of Market Participants are counting on for next year, maybe we might see inflation . Joe maybe.
University, so you dont learn all the tough lessons of trading the hard way. President trump pushing republicans to do a bigger stimulus pack on toe help struggling families to help boost the economy. Will lawmakers listen . I will ask senator kevin cramer coming up. All that and much more own making money. Charles oops, it happened again. Yesterday the market surged as the Federal Reserve wrapped up. From would be whether wobbly to fullblown swoon. In this is not the first time it played out. When there are more winners than losers, happies because of the waiting system but it often triggers more selling and cause investors to sit on their hands. How do you buy stocks when the overall market is down but not really down . Ipo mania. Everyone is asking is it sucking some of the oxygen out of the rest of the market . The singlefamily housing boom, does it continue or too late to leverage your portfolio to this phenomena. We have a lot to cover. I want to bring in jared levy, paul schatz
The u. S. And china may Start Talking trade again. Beijing says the phase one progress review should happen soon. Alibaba offered more signs of chinas strengthening rebound. Shares jumped last quarter. The company says it is no threat to National Security. Lets take a look at our final friday session in asia. Sophie kamaruddin is half in hong kong. Green for are seeing asian futures on friday, this after the wobble we saw. We are keeping an eye on names like panasonic. We are keeping and i on a theme in japan, showing the dominance of quality stocks versus their value peers may have a bumpy road ahead. Torall, we could be looking end the week on a risk on note. Watching the terminal, we are looking to see if asia will track. Joint the slot punch joins the slump on softer chip prices. With that risk, the big jump in taiwans july export orders may be too backwards looking. Offer a more timely check. On the tech front, alibabas results showed improving Chinese Consumer sentiment. Shery he
Even home depot, which was great, is lower, as the whats next is the question that we have. With stacy witless, fw retailer advisors president. Also night one of the Democratic National convention saw democrats ripping it up President Trump with tough words from former First Lady Michelle Obama and bernie sanders. Let me be as honest and clear as i possibly can donald trump the wrong president for our country. He has had more than enough time to prove that he can do the job, but he is clearly in over his head. He cannot meet this moment. He simply cannot be who we need him to be for us. But let us be clear. If donald trump is reelected, all the progress we have made will be in jeopardy. And its most basic. This election is about preserving our democracy. Alix joining me now for more is wendy jennison, Bloomberg Politics editor. What was your biggest pic for tonight and how does that set us up for the dnc tonight . The biggest takeaway from last night was the effectiveness of Michelle O