They will go through the issues and this is television where tone, style, emotion are very important. My opinion, bidens job to survive 90 minutes, holding his focus to making sure there are no serious gaffes. The president will no doubt attack his style but not come across as a bully he doesnt want to stir up the sympathy vote. Heres another opinion, and absolute catastrophe the media will declare biden the winner. Lets get to the market, pretty much on hold maybe waiting for the debate the dow is down 11 points, the nasdaq 1026, 25, s p down near two. Not Much Movement, Speaker Pelosi has proposed a 2. 2 trillion dollars stimulus plan and the house may vote on it, a key point in Sticking Point contains 436 billion for state and local government, the republicans do not want that, and 25 billion for the airlines, 30000 airline furloughs on thursday if they do not get the money. Today is the day when Amy Coney Barrett goes to capitol hill and between nine republican senato senators, tha
Were at post nine morgan and john have the morning off. Interesting setup here were approaching nasdaq 9 k very quickly tech, the best performing sector for the year hitting a fresh record high this morning joining us to day with his top picks in the sector for 2020 is our lead internet analyst. Mark, happy holidays good to see you. Good to see you, too. I want to get right to the large cap longs for next year. Uber is number one then you have two, three, four talk about it. Yeah. Im going to pitch it. Uber is the facebook its our facebook for 2020 it turned out of all the stocks, facebook is the best performer in 2019 because it whats so dislocated at the end of 2018. A lot of controversy around it i think thats exactly the setup or similar to the setup on uber now. We like it we think well see a clear path to profitability i think well see sustained growth in the ride sharing business and if they can fix that eats business, thats going to surge the outperformance and cause the outper
Politically, saying that you want to break up the companies feels nice, right . Its like, okay, there are issues lets just take a big hammer and go do it but i just think the reality is, we want to be we want to make sure that the things that we do actually address the problems. Well, joining us now here at post nine, bob pec, now chairman of Global Internet banking at barclays thanks for having me. Congrats on the new job excited to be there so lets talk about facebook and social media writ large. Because its interesting facebook has done okay over the last quarter i think theyre up Something Like 14 snap, meanwhile, which a lot of people had given up for dead, up more than 30 . So whats going on in the sector whos winning, whos not i think its important to level set the general markets. The s p is up about 17 give or take nasdaq is up about 20 , give or take yet the f. A. N. G. Names as a group are up about 20 give or take and i think yeartodate, snap is up 150 or so so youve seen St
From the end of the tuesday session. Stocks are rising today. Greece, luxembourg, norway, germany, all gaining. His are the currencies gaining against the dollar. We are seeing bond yields declining. Today. Shares jumping 6 easyjet predicting a gain in prices this winter after earlier forecasting had drops to the collapse arrivals as it moved some of its capacity in its biggest market. Pretax profit the year ending september 30, back in line with the guidance given in october. The glut of seating in european markets, easyjet shares rising. Itss recommending shareholders not to accept an offer from finish utility fordham. Its is the price just over 8 billion euros does not reflect the german utilitys true value. It would be the biggest acquisition in five years, and fordhams biggest acquisition ever. It would trickle triple their adding one of europes biggest trading applications to their own activities and expanding assets into the u. K. Unit per up 7 10 of 1 . Moving on to turkey, whi
Want to be. Auto stocks drive markets to the green after car sales hit a 5. 5 year high in june amid Strong Demand for luxury brands. Time for a change. Swatch has its best day in over two years as investors shrug off a 20 fall in profit focussing on the watch makers positive outlook. Greece passed the austerity measures required for a bailout. Tsipras urged lawmakers to approve reforms. 229 voted in favor of the bill. Chaos was outside parliament. Parts of the square were set ablaze as they chanted we have been betrayed. And anger inside parliament. Half of the no votes came from syriza as they condemned a very black day for democracy in europe. He wrote a scathing blog in which he likened the bailout to fiscal water boarding. No surprise that he would vote against that deal. He has been very outspoken. Yesterday we saw the deputy finance minister stepping down because he simply couldnt stand behind the deal. Whats so interesting here is that this vote went through because of support