Sevenweek win streak and tech is the secondworst performer in the s p. Joining us for the hour, Barbara Duran from bda capital is here at post 9, talking more about a market that happens to be happy as long as trade tensions are not escalated, pretty much right . That is for sure. And i think a lot is being discounted in the market in terms of global recovery, the fed is on hold, but watching careful. And we have yet to see the effect of the Interest Rates next year. But trade, i think, its what people are expecting is that therell be no more bad news i think hoping for something more, like a rollback of tariffs would be a bit much. This seems to have morphed into a geopolitical technological fliskt i think the downside is limited also for those same reasons, plus people are defensively postured and so on but i think what its going to take is next year, having to see what the earnings are going to be and thats a possibility is the market even considering that possibility is that priced
Related charge but excluding items earnings still beat the street cisco looks to s s to repatria billion in overseas assets ubers ceo plans to expand the Ride Hailing Service beyond cars he says uber is to cars what amazon is to book stores he believes uber could be a marketplace for other forms of transportation, including public buses and bike sharing programs. I was with him in davos, he was sharing this idea that you would take an uber to a train, and then get off the train an then get on a plane an then get on the plane, get in a car, he would do the whole thing thats the idea. Uber eats, the leasing program, were those side shows to this idea that could you plug into the new york city mta Public Transportation system so if youre in an outer borough, the uber gets you, brings you to the subway, the subway takes you, you get off, maybe theres an uber pool that takes you to the office is this before or after flying cars . This would be before flying cars i think this is not complete
Asia, that bears close watching. Business week has been writing about the debt pile up in china. Everybody has been watching this. China has been doing something to get rid of debt . Joel this is called the year of the dog. What we will be talking about is deleveraging. The debt pile up in china is enormous. Theres been a number of people. For years, people have been calling for, something is going to give. It will be bad for the global economy. All eyes on this in general. Where our story picks up on that is talking about, the number is 30 trillion. Thats how much we are talking about here. Its massive. The number of people actually pick up is 259 of gdp. What do you do about that . The message about deleveraging is what this will be all about. Julia still providing credit to companies that they are not concerned about, but they are also cracking down on big corporates that have been spending. Its not even called corporate. Its conglomerates. Is one thats making news now. Its going of
Carol we are here with the editorinchief of Bloomberg Businessweek joel weber. Lets start with remarks in asia, that bears close watching. Businessweek has been writing about the debt pile up in china. China has been doing something to get rid of that. Joel this is called the year the dog. What we will be talking about is deleveraging. The debt pile up in china is enormous. Theres been a number of people the further away you get from china, the more bearish you get on china, apparently, but for years, people have been calling for something is going to give. It will be bad for the global economy. All eyes on this in general. Where our story picks up on that is talking about, the number is 30 trillion. Thats how much we are talking about here. Its massive. The number people pick up on is 2. 5 gdp. What do you do about that . President xi this year will be about deleveraging, which is what this is about. Julia still providing credit to companies that they are not concerned about, but they
Businessweek joel weber. Lets start with remarks in asia, that bears close watching. Businessweek has been writing about the debt pile up in china. China has been doing something to get rid of that. Joel this is called the year the dog. What we will be talking about is deleveraging. The debt pile up in china is enormous. Theres been a number of people the further away you get from china, the more bearish you get on china, apparently, but for years, people have been calling for something is going to give. It will be bad for the global economy. All eyes on this in general. Where our story picks up on that is talking about, the number is 30 trillion. Thats how much we are talking about here. Its massive. The number people pick up on is 2. 5 gdp. What do you do about that . President xi this year will be about deleveraging, which is what this is about. Julia still providing credit to companies that they are not concerned about, but they are also cracking down on big corporates that have be