The u. S. And china. Here to break down the Market Action is abigail doolittle. The macro news earlier this morning seemed to be about rising trade tensions between the u. S. And china, but then stocks mostly ending in the green. On thisgoing afternoon . Abigail a really sleepy day overall. You have traders not at their desks, checking out just a little early despite the fact that we have macro news. Plus, it is a repeat of last year. At the end of the day, mixed action. But unlike yesterday, we actually had tech closing higher. The nasdaq 100 higher 0. 4 . The chip sector got hit yesterday, rebounded today. Also indicates that traders are brushing off macro concerns. Where we are seeing those concerns play out our for the china adr, the new york thing index, because baidu and alibaba are in there. And the Golden Dragon china etf, down 4 for another day. That is comprised of Chinese Companies in the u. S. , the fear that these companies will be delisted. This is an interesting dynamic
So call me at 1800cnbc how did we get up here with the s p 500 hitting alltime highs, dow hitting its high for the year after gaining 249 points today. S p climbed 4. 9 nasdaq rose. 80 and more importantly, does this market have what it takes to keep powering higher regardless of what happens with the president , with trade, with the Federal Reserve . Just looking at the fundamentals of individual companies which is what we do best in cramerica, i think its worth wondering what might happen if we stay on evq we need it know if the market has gotten too expensive, or if its got more room to run. Especially with oil having a monster runoff just today because of tension with iran so lets zoom in on the top ten performances in the Dow Jones Industrial average, 2019 see, this will help us put in context so we understand how we got up here and whether it is dangerous, whether its safe, whether it makes sense number one is microsoft. Its a trillion dollar household name with a stock thats up
Star wars becoming the high yeast grossing film of the box office. The force awaken broke the 16 billion. It made an additional 18 million overseas and it opens in china. Hong kong is closed for lunch. China now for the day because it exceeded the certain per september handle. Theres no more trading this thursday. Hang congress by 2. 39 . There we go. On the way down as well. Any nikkei. Time now for bloomberg west. Emily im emily chang. This is boomberg west. Potato chips and mitro chips. You can buy just about anything on amazon and that includes semiconductors. Colleague as, my orey johnson at the Consumer Electronics show. Were going to talk to selfdriving cars and the future of navigation as well. Emily an executive shuffle at Morgan Stanley. Hat could mean changes the c. E. O. s gormans succession. Eric, give us the rundown. The bottom line is this, james gorman is going to be the c. E. O. Of Morgan Stanley for longer than he initially planned. He will be though there for the nex
Consumers new to 10 billion creators our platform. The debate heats up as chinas growth cools down. How much of the worry about a hard landing . We have a colossal credit bubble in china you can look at topline gdp and conclude where china is going hard or soft. A sunny forecast and Bernie Sanders blast bankers. All straight ahead on bloomberg best. David hello, im david bureau. Welcome to bloomberg best. 2015 with the year of significant volatility in Global Markets and the 2016 trading year has begun the same. Our top story kicks off with a manic monday. A new year and a new roller coaster. Chinese markets trading has to be closed early because Circuit Breakers kicked in. The composite was down by more than 8 . We saw a 6. 85 drop in the shanghai composite. A lot of concern about the manufacturing data that came in weaker than has been estimated. Today was the first a result of Circuit Breakers pushed. Do you think the Circuit Breakers actually contributed to it . Some of the Market
But look in the mirror and hate yourself, not the people who are doing this work. It is the job of these senators to question policy but attacks are thats what you do instead of dealing with the policy issues. We have have a very distinguished member with us, a good friend of all of us, someone who deals seriously with policy issues and is joined us today and that would be january from illinois. Also i think today of most significance i believe is my role on the Intelligence Committee. All of us were given a briefing based on emerging information from the Intelligence Committee. Susan rice, i do susan rice went on television based on the information that was available at the time and the briefing that she was given information and intelligence that she had no part in collecting. The kind of statement that is anyone who had been given those briefings would have made in public. Obviously, this was on an unclassified buys sis but she was given information that she had that has subsequentl