Pick up led light bulbs. Global news, 24 hours a day, powered by more than 2700 journalists and analysts in over 120 countries. This is bloomberg. Julia live from bloomberg World Headquarters in new york, im julia chatterley. Scarlet im scarlet fu. Joe im joe weisenthal. Equity is little changed in the dollar adds to its losses. Joe the question is, whatd you miss . Borish, we have peter the quite group chief strategist the quad group chief strategist joining us. Murkowskiator lisa has agreed to kill the obamacare individual mandate. What does that do enough to pass the measure . Issue guaranteed yes vote . And retailers pull out all the stops in an effort to survive. Friday will be a make or break day for struggling brick and mortar chains. We have breaking news. Broadcom is said to be considering a higher bid for qualcomm, according to reuters. This is just days after qualcomm rival broadcoms takeover bid. Make thee deal could Worlds Largest chipmaker. The original bid was valued at
Technology specifically. We have investors and traders coming back and attack after that rotation out of it, a couple of times notably in the past week, most recently yesterday. The dow, not much changed, hitting a bit lower. Thats a different picture than we saw yesterday. Heres another way to look at it. You can look at it as value versus growth in this market. Heres a way to compare. The s p 500 pure value index and the pure growth index. In the gap between the two in terms of their percentage performance. And what we saw yesterday was the gap between the two, value beating growth by the most since the election. Its come down a little bit today, but still beating it by a fairly wide margin. Since again reflective of this rotation that weve been seeing again out of technology and into financials has been the trade. In terms of other groups on the move today, we are watching telecom and a number of executives are presenting at ubs conference today. Sprint, one of the sprint comments c
The primary focus of u. S. National security. Record terry mathis says the u. S. Military must strengthen as he described the u. S. Eroded. Face threats from indigenous powers, nations that do seek to create a world consistent with their authoritarian models, pursuing Veto Authority over other nations decisions. Department Defense Strategy report released today at oh to these remarks, calling for increased and sustained investment in the military. Coalition talks have been started with Angela Merkels brought block. Party leaders are predicting a tight vote. Former caps on president n puigdemont said new technologies would allow him to govern from belgium. He has been there for nearly three months, avoiding arrest in spain over catalonias illegal secession attempt. Spains Central Government has vowed to block his reinstatement. In australia, a drone was sent out to sea to drop a flotation device for two teenagers who were caught in a riptide. Officials described it as the worlds first r
High for the day. We should not get too complacent. We have continued to see swings. If you look at the gains, they are pretty broadbased. Only energy is lower. That has been the Weakest Group throughout the day. Utilities recovering as we see a little bit of a back up and yields today. Tech shares also strongs. Also strong. If you take a look at the weekly performance, we are setting up for the best week for stocks overall in quite some time. For tech specifically, and the xlk, it could be the best week going back to 2011 with a 5 gain this week. That would be even bigger if you counted the rally which began last friday. Cisco is helping lead the technology gains. That company is trading at a 17year high. The company came up with revenue that rose for the first time in eight quarters. The forecast was also positive and the company said revenue in the current period will climb as much as 5 . We have seen other companies and related businesses also on the rise. On the call today, the ce
Seeing across Asset Classes that are seeing the stocks lower. It is the biggest oneday goinge for the s p 500 back to august. We saw that earlier in the week as well, and we are also seeing simultaneous at least 1 decline for each of the major averages. This has become increasingly uncommon until the past week or so, when we see volatility returned to the market. Scarlet mentioned what has happened on the week as well. As well,500 down and you have to go back to february 2016, or depending on the lowest today, maybe even january 2016 to find this kind of magnitude of a drop. It is being felt in a lot of different ways in the market today. We are watching media stocks among the groups that are selling off today. Are both trading lower, Discovery Communications as well. Analyst who covers media was on bloomberg earlier, and he says he believes the cbs ceo is reluctant to go ahead with some sort of combination between cbs and viacom, something that has been talked about recently. In other