Where the hype is too great like when a goat was riding a s surfboard with a gopro on his head nine years ago. It was about to reach the high 90s before falling to the single digit within a year and a half. But to put it in my terms it jumped the shark. The dui advanced 87. The nasdaq where all the stuff is jumped 1. 14 . Actually i have to tell you its a big reason im out in the sa salesforce conference billing itself as the Worlds Largest a. I. Fast tool. When will Companies Stop rolling out these stories to prop up stocks. When i saw the gopro on the surfboard i called the top and prepared to do the same thing with a. I. If i have to because the promotion machine may have gone haywire. When i heard about how cocacola is launching a new drink codeveloped with the y3000. Maybe it tastes great but when you see it hyped from cocacola maybe were on legitimate use cases because this is not a consumer or gented technology. Ill never argue with the ceo of nvidia. He was talking about how a.
Green, as the dow nears 24k. Well take a look at whats leading and bitcoin, well, guess what its seeing huge price swings. What is rocking that cryptocurrency and where will it be headed next amazon stock coming off the worst day in years, but the company, as you just heard, announcing a slew of new products and a plan to bring alexa into the workplace we are about 60 points from dow 24k. The blue chips and s p on track for an eighth consecutive monthly gain, heading into final trading session of the month, the dow leads the three major indices, up 2. 4 for for the month to date. Best gainers, walmarts up 12, nike, cisco, disney, depot its a good mixture i think a lot of it will affect some of this very good personal income, personal spending numbers, because youre hearing some major chains are people spent a lot of money it dovetails very well with what well talk about later, pvh, the strongest christmas in four years. Every one of those is also in some way or another shocking given t
This is Bloomberg Markets middle east. Im yousef gamal eldin. What a week we have had off the back of the fed decision, and a dozen Central Banks around the world. Here is how the u. S. Equity session closed off. The s p index, dow jones, nasdaq. This is on optimism about the proposed u. S. Tax overhaul. Theres also a lot more volatility, 74 higher volumes than the daily average. Theres another event feeding into this, quadruple switching. It happens every quarter, futures and options on indices and individual shares. Then the bloomberg dollar index, a story of a stronger dollar, up. 4 , a major move, a fresh session highend the fifth day of gains. The u. S. Dollar gaining compared to all of its peers save for the kiwi dollar, which led weekly gains. Lets crossover in show you the other key Asset Classes, relatively. U. S. 10 year uninspiring. Gold, up. 3 . But look, the reality is you have traders dumping bullish bets at the fastest pace in five months. Do people care about the dollar
Rodney has informed the gop leaders he opposes the bill. A u. S. Official tells the ap investigators are examining whether an amtrak engineer was distracted when the train derailed yesterday, killing three people and sending cars off an overpass. Investigators are looking into whether the engineer lost situational awareness. The Trump Administration is blaming north korean hackers of last years malware attack. Pyongyang has dismissed those allegations. Global news 24 hours a day, powered by 2700 journalists and analysts in more than 120 countries around the world. This is bloomberg and Bloomberg Technology is next. Emily im emily chang and this is Bloomberg Technology. After a killer year for tech stocks, will the sector become a victim of its own success . Ares to cryptocurrency fueling record gains of littleknown companies. We will discuss. Amazon can outdo its own monster year. While americas ecommerce came could be on track to becoming the first u. S. Retailer to sell 1 trillion wo
Reform plan will further spur growth forecast for the e commerce giant and shares of ge on the move jp morgan report seize a dividend cut as increasingly likely the Company Tells us it remains a top priority historic run in the markets includes the 47th record close of the year. Weve got black rocks larry fink talking about risks in the market earlier this morning on squawk. Lets be clear, the United States deserves a premium. Our companies are stronger they are better managed over across Many Industries so i actually believe the u. S. Deserves a premium to the other markets. Not just that, jim, says he wouldnt expect to see any major reversal in equities until sometime next year. I love the guy, what can i say . Every time i talk to him and see him, he has a sense of whats going on there are moments when hes pessimistic and not like hes permable, i like what he had to say and liked his quarter. I wrote a piece this morning for real money saying its events that i cant see and north kor