Woodward in march this was terribly deadly and contagious at the same time he was saying to the rest of us do not worry so much. Jeanne this is not the conversation the president wants to be having. Any top of the pandemic does not work for him politically. This is not what the campaign wants to be talking about. More importantly, we have a president on the record admitting he knows how devastating and deadly this is, and many months later you have 190,000 americans dead, many of whom have been sick and ill as a result of this, and you had the president , months after he told bob woodward how bad this was inviting people to places like tulsa and saying you do not have to worry about safety protocol, you do not have to worry about masking, you do not have to worry about social distancing. This is being drummed up by people who want to get me. When he is on the record with bob woodward he is saying the opposite. The president and his team have to explain why he is saying one thing privat
Steps. Morgan stanley and wells fargo join european lenders in pledging to preserve jobs during the crisis. Deutsche bank says it will pause future cuts amid its restructuring. Welcome to bloomberg daybreak europe. U. S. Futures on the back foot today after the best threeday gain in mere nine decades for the s p 500. The dow is technically in a bull market but it is 25 below the february 12 record. In terms of asia, a mixed picture. Following that emergency 75 basis point cut by the bank of india. A big drop in industrial profits in china. That is the news overnight out of asia. The 10year treasury yeild slipped five basis points. Risk off coming back into these markets after the powerful risk rally. We ask the question whether it is a bear market after the devastating rest jobless claims numbers, so weakness in the dollar. The dollar is hedging for its biggest retreat since 2009. Gold has its biggest weekly advance since 2008 after the effects of the funding squeeze and oil heading fo
That era would have been impactful. He was the guy who put their ideas into steve jobs pushing him through to make them products now at a point their products are less revolutionary and more evolutionary i know a servicedriven model less about every year some really slickly designed new hardware device. Five years ago the stock would have been down 5 on this news i think youll see a sort of muted reaction. Youre seeing it down only around is which i guess is surprising what im concerned about apple they would be some trade war dynamic but a competitor around 600,000 does that a iphone could do. The other part of this would be app store and do people need to go to the app store and talking about that Services Revenue to what extent are there alternatives out there if anything apple has been on a regulatory pressure for that very dynamic those are the things that have me the most worried. Dan pointed out no evolution under jony ive the last number of years and evolution people are talkin
Which is red again too. A few moments ago it was green. This is the big story. Questions about whether its topped, an unwind is coming. We havent seen you in a few weeks. Youve been trimming this name like many others. Yes. We owned this name for a long time. When a stock doubles a relatively big position in three months its prudent to trim. We trimmed. Its okay we still own the stock. It has the perfect set up right now. Buyers with a lot of cash flow, concentrated positions. Too little capacity, too much demand. We think it theres nothing to stop it in the near term. But from a longterm perspective its prudent to take profits we think. Price target to 1200 from 900. As the stock has elevated the chase has continued on the street. You keep getting price targets going up up and away. Im wondering how you view the stock, if you view that as a moment that was 100 higher on friday, and then the reversal, whether we need to Pay Attention to this stock more than any other in the market. Unf
Once again we seem to have a set up that lines up positively where we arent fighting the fed or the tape. Thats how we delve in. Nasdaq jumped 1. 14 . We all have our idols and one of mine was thats where i get the dont fight the fed, dont fight the tape phrase. I wish you could have met the humble man who taught a generation of people how to invest. He came on a show called wall street weekly, he would scribble down on a notepad. When he said, dont fight the fed, dont fight the tape, he meant at the Federal Reserve is raising interest rates, be careful. And you also need to be careful about corporate earnings, because they would bring in a lot of selling in the earnings were weak and then you would have to be more careful if you are fighting the fed and the tape. With the most recent data, we have enough weakness that we arent fighting the fed. They have no reason to tighten if the number. We have enough positive firepower that the bulls are not fighting the tape either. If anything,