Acceleration in investment since june as industrial output eats estimates beats estimates. Could a firmer recovery be underway . Treyew brexit e. U. Chief pulls no punches on his First Washington trip, cautioning President Trump about protectionism and shortterm thinking. We spoke about him exclusively on resetting relations. The objective of the visit is to try to reset the relationship,t ry to understand each other in relation at the moment and find Common Ground with the United States. We started on a positive note. Matt barclays is cutting around 100 senior jobs across corporate and Investment Bank as the lender looks to rein in costs. Morgan stanley plans to 80 dozens of staff at its wealth business in asia. Lets look first at futures. Even after the new record we hit yesterday, were looking at gains in futures, and fairly substantial gains at that. Dax futures up 0. 5 . U. S. Futures, not the same size but the same direction, green a rrows on the nasdaq, s p and dow jones futures
Automakers and electric Vehicle Market . We discuss that anymore plus, check on the markets because it is a down day. More volatility comes as the options expire. Nasdaq off by 1. 3 per year feeling the pain. So too is the nvidia. Tmc ask major suppliers to potentially delay shipment of equipment. With the seat with her or not bloomberg can conform those reports but the chip sector down by 2. 4 percent. Bitcoin on the downside. Individual movers i want to get to you because we have seen the likes of adobe underwhelming down by 3. 8 . The numbers come in line but not good enough and though they did see continued strength in the media business. Apple on the downside is we saw Strong Demand for the ipo 15, iphone 15. The comeback is here. This week was the biggest debut of the year. Speaking with the ceo rene husk who was confident in the outcome for his business. With a unique Business Model biggest is the ability to have a good vision in the future when people use our products. Relative
Again today. Dow advancing 70 points and the s p climbing whats going on here . Why the heck are Money Managers leaving the very best in order to pick at the raggedy rest . When i say nobody likes these stocks i say most of the bigtime Money Managers and an acts vift that we interviewed yesterday just didnt want to go to those areas. They didnt seem to like or trust these businesses. For example, bill akreman, smart guy, made companies with restaurants and railroads, said he fears buying into businesses that could be wiped out by a disruptive competitor virtually overnight. He likes Companies Like Warren Buffett describes a business that can be taken down from the proverbial better mousetrap. The Money Managers who repeatedly year after year have gone back to the stock because theyre cheap, have given in and surrendered and theyre not able to take the pain anymore. The house of pain too hard to analyze, and you what . These Money Managers might very well be right theoretically. I think
Warm wul come to Worldwide Exchange on cnbc update on the market picture this morning we had gapes last week, the seventh straight week of gains for the s p and the dow. The nasdaq led the week for returns up 1 , s p less than that, the dow up more like half a percent. The nasdaq needed a 2 gain on friday to take it into positive territory for the week for the whole and some of the tech earnings we discussed late last week the main driver, the alphabet, google, microsoft, for example. This morning we are mixed to low. The nasdaq holding on to slight gains but the dow down 32 points we did see yields rise above 2. 4 middle of the week, we were pushing close to 2. 5 2. 44 was the level we hit. We did come back by the end of the week and were just above that 2. 4 level this morning looking at asian equities, the nikkei having another stellar performance last week, up 2. 6 as you can see didnt quite go into the red today but still had a fantastic run of late 22,000 the level there. Hong ko
Business, microsoft going into the cloud. This week we are looking at more of the retail channel which is apple, which expectations are so low, could very well turn and stock is dirt, dirt cheap. Im looking at buy for the first time in a long time. Linkedin is also more on the retail channel, jobs and so forth. They are two different worlds of tech. That wont matter. Tech as an umbrella has been bad. You look at the performance last week, alphabet down six, ibm three, amazon three, Hp Enterprise down three as well. Does this turn this week or get wor worse . What we are seeing, we talk about rotations all the time. Maybe this is what we are seeing, rotation within tech. Microsoft up 24 in the last year, google up over 30 . When you look at intels numbers, this stock was trading in the very low, towards 30, actually right after earnings, then flipped around by the time we opened the following day after earnings. Stocks moving into positive territory and holding on to some of the gains.