reckoning for companies around the world. google is now the target of multiple lawsuits at the u.s. states and federal governments. experts say that the burdens of truth are high. what are the chances that the world s largest search engine could be broken up? the popular dating app bumble joins the ipo craze. first, lawmakers are still wrangling over a stimulus bill and talks are likely to continue into the weekend. cases of covid-19 are spiking across the country. anifornia has just issued emergency alert, urging bay area residents to stay at home. this has triggered a mandatory shelter-in-place. i went to get straight to bloomberg s abigail doolittle to marcus through the market moves of the day. rbc, all eyes are on the stimulus. abigail: all eyes are on the stimulus. a technical, from standpoint, today, is something called a quadruple witching day. the expiration of a lot of different futures and options creates extra volatility. this creates a ton of volatility. most of
technicals. we see the heart of the range over the last year between 2600 and at 2800 where the sellers have pushed in with a few exceptions, obviously. both sides got a little overexcited. 20 800 was rejected, but we are also looking at what is called an outside candle, suggesting more volatility is ahead. importantly, the reason 2800 itself turned out to be the magic that in, there s more nuanced level, sophisticated oflers waiting for the idea selling the news. breaking the near-term uptrend, suggesting we could just drop back down for 2600. supporting the idea is that we are rounding down from overbought levels. more volatility could be ahead for stocks. reports fourth-quarter earnings come on tuesday they already announced holiday holiday sales were positive. it would be the seventh straight quarter of sales growth for target and we look at the blue line on that chart. that is gross margin and it is falling. investment in the business as well as rising freight and wage
ceo jeff bezos to offer a day care benefit in the latest round of employee activism. another twist in the huawei zika. the cfo has filed a lawsuit against canadian authorities, claiming she was illegally detained. the company could be gearing up to sue the united states as well. she was arrested in december after request from the u.s. government. canada has agreed to the u.s. request for an extradition hearing. a spring in selina wang in san francisco let s ring in selina wang. what is the latest behind this new lawsuit? but she has sued canada, saying and unlawfully detained searched her. it s an interesting case because they are saying that when she was in vancouver, they should have immediately arrested her so she would have been rented legal privileges. she is alleging that canada used the guise of a customs border patrol searching as a way to detain her and unlawfully searched her. that is the latest. the big news is that chinese government is saying the two canadian m
think it is in scale of what you would expect. there is a degree of caution when i m talking to clients that they would like to participate in this rally, but there is a creeping feeling that this is we one final blow off before start to see a slowdown in 2020. meaning you want people to they may be ok sacrificing a little bit of upside with some downside protection. us the feeling creeping in. joe: what is your perspective when you talk about how people are positioned. it feels like 2016. i vividly remember coming out of that correction in early 2016. the recession was coming. same stuff we heard in the fourth quarter, we have dug our way back out. we continuously in this cycle failed to of knowledge of couple of things. the crash and oil prices is always stabilizing for economic growth in the u.s., and we are experiencing that now. marketsin equity relieves any sort of exuberance in the equity markets. we have to knowledge that. i would have the fed, which is saying we go
you say things have not really aanged enough to derail fed-hiking path. we are seeing a little bit more downside once again, so we will see how that plays out for india. should be pretty positive. we are looking ahead to, of .ourse, that dollar weakness continue to see strength coming rupee.e ruby it has been holding at the same level for some time. yields lower by three basis points. could be a pretty decent day for mumbai here today. absolutely. we are live at the conference with jpmorgan here in the city. that is exactly where i am in the moment. we will be talking about internet stocks in particular, getting reaction to the earnings . looking at that, looking also at the likes of alibaba, baidu, and getting views as to what happens next with this burgeoning sector , this behemoths of companies in china. me coming up will be alex yao of jpmorgan. join me for that and more. nellis get first word news with paul allen in sydney. thanks. theresa may claiming victory