And the nasdaq closed at a record high. Russell, a lot of big movers were in that cap space. Grubhub, Weight Watchers, club our you are getting more brass. We want to Mention Volume picked up dramatically in the dow. Up 47 . The nasdaq up 20 as well. Let us check in with our report just to see what they were monitoring. Abigail, what are you watching . A stick with the theme that investors, traders too optimistic given the current context of the tensions in the middle east. Evaluationp 500 self and the technical stretched this is a one year chart. What we have is the s p 500 climbing relative to the 200 Day Moving Average went it went above. It consolidates down toward the 200 Day Moving Average. 9 above the average. Not every day that we have alltime highs. Missile attacks in the middle east but that is the case. Highs in their. Stretch conditions may consolidate a bit. Taylor. I am taking a look at the similar thing p. A multiple basis. If you take a look at the chart Bleakley Adviso
Better than estimated. How would you characterize the recent data and the strength of the economy . Win i would say its solid. We had some outliers, but you look at some models, the atlanta fed has growth somewhere around 2. 3 . The new york fed now has some thing around 1. 2 . I expect the truth is somewhere in between. I think we will avoid recession in 2020. Thats what the yield curve is telling us. We went from an extended period of inverted yield last year to positive. I think markets feel pretty good. That said, we have a few hurdles out there. Vonnie iran the and one of them. How do you see this escalating tension, the titfortat impacting markets, particularly currency markets . Win we started the year pretty much popping open champagne, hitting record highs in the equity market, but we got a serious dose of reality. A. Trump has ignited situation in an already quite unstable region. Iran has pledged retaliation. When, what, where, we dont know. That is not just against u. S. It
An electric fever. Tesla is set to unveil its electric pickup truck. We will have the latest. First to our top story. Apple is overhauling how it tests software. Bloomberg has learned the system is changing after a swarm of bugs marred the latest iphone and ipad. The goal is to make it easier to spot problems earlier. This comes one day after President Trumps visit to apples austin, texas factory where ceo tim cook met the president to discuss keeping iphones free from tariffs. Lets bring in tom forte and Bloomberg Technologys mark. What do we know about the software change . Software has ios been bugging the past few years. What apple is doing is they are going to make it so engineers earlier in the process will determine what is buggy, what is working and what is not working in order to hopefully come up with a much more stable operating system when they ship each september. Taylor tom, i know that you cover the fundamentals of the business. In your opinion when you analyze the compa
Electric pickup truck. We will have the latest. First, to our top story. Apple is overhauling how it tests software. Bloomberg has learned the system is changing after a swarm of bugs marred the latest iphone and ipad. The goal is to make it easier to spot problems earlier. This comes one day after President Trumps visit to apples austin, texas factory where ceo tim cook met the president to discuss keeping iphones free from tariffs. Lets bring in tom forte and Bloomberg Technologys mark gurman. What do we know about the software change . Mark apples ios software has been bugging the past few years. What apple is doing is they are going to make it so engineers earlier in the process will determine what is buggy, what is working and what is not working in order to hopefully come up with a much more stable operating system when they ship each september. Taylor tom, i know that you cover the fundamentals of the business. In your opinion when you analyze the company, at what point do you h
Tens of thousands of protesters took to the streets in lebanon today to mark independence day. The unprecedented wave of National Protests erupted five weeks ago, leading to the resignation of the Prime Minister on october 29. Protesters waving lebanese flags packed central beirut where music blasted into the night. Deeply divided politicians have yet to agree on a new government the United Nations envoy for yemen says the momentum to end the countrys war is building. Aircraft its points to a nearly 80 drop in airstrikes nationwide in the last two weeks. And a ceasefire in a key port city as reason for optimism. Griffiths told Un Security Council members today that the slowing pet tempo of fighting could signal a move toward peace of the arab worlds poorest country. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Live from bloomberg world headquarters, im vonnie quin