What do you think is going to be one of the major issues that the Incoming Biden Administration may face . Kyle one thing the Biden Administration early on will figure out what they have to do with is they are inheriting at least a google antitrust lawsuit from the doj. And, you know, there is speculation about how politically motivated it may have been, but nevertheless the actual text of this thing is fairly narrow and fairly focused on issues that democrats have raised as well about the market power of google. They will have to decide, okay almost certainly they will continue to litigate this, but do we want to expand this . Do we want to try and rope in some state attorneys general who are also investigating google . The trump doj has the support of a group of ags, but they are all republicans. Democrats are looking at this stuff too. How expensive do we want to go on antitrust . Host do you think it will be more expensive than under a Trump Administration . Kyle that is the expect
And solid numbers in tech are not enough to keep investors from selling, dragging down u. S. Equity futures. Good morning. Over the past 45 minutes, we have seen a leg lower across equity futures as well as across the msci asia pacific, even though yesterday wall street did close higher, it was a relatively flat close in europe. S p 500 futures down 0. 9 , and the nasdaq 100 futures extending the losses past 2 this morning. Clearly the stabilization yesterday has not been enough. It has been a difficult week in the markets. The tech overnight did not meet expectations. Apple down more than 4 in afterhours trading. It was about expenses and costs for apple in china. Twitter extending losses more than 17 in overnight trading. For investors. Alphabet, one bright spot in big tech, up or than 6 . U. S. 10 year yields at 80 basis points. This was the close yesterday for the german bund market as well as the 10 year italian btps. Christine lagarde gave a clear signal more stimulus is on the w
Will take good care of you may sometimes be one fever took hold on the west coast of congo in 2700 stores made big promises, but years later, reality looks very different from shoes. Good Drinking Water shortage. High unemployment, nothing to god. No stream of black gold. Oil starts december 4th on d. W. Is china cracking down on its tech giants . Beijing dangles its antitrust laws are big players like alibaba in 10 sets. And markets react harshly. Also on the show will visit one of chinas most popular tech firms, ride sharing app, g. T. True, saying, and take a ride in its new autonomous car, just outside shanghai. I mean, a group of berlin tech workers joining together to promote diversity in a sector that tends to look pretty marginal flow. And welcome to the show. Im Stephen Beardsley in berlin. Its good to have you with us. And shares of ali baba and 10 cent fell sharply on wednesday. It by concerns of a new anti trust legislation by the chinese government. Beijing has published t
Hello and welcome to the show. Im Stephen Beardsley in berlin. Its good to have you with us. The shares of alibaba and 10 cent fell sharply on wednesday. Hit by concerns of a new anti trust legislation by the chinese government. Beijing has published a 1st draft of the monopolistic rules aimed at the countrys tech giants. Well, they are not accused of any wrongdoing. Investors fear that new rules could impact their growth in the future. Alibaba shares were down more than 8 percent on the day. That on the same date announced record turnover from its singles day sales promotion. Beijings actions come on the heels of growing regulatory action elsewhere against tech. The u. S. Justice department suing google for antitrust violations last month and European Commission filing antitrust charges against amazon. On monday. Lets go now to our financial correspondent in frankfurt, chelsey de laney. I do not believe that is jealousy. Maybe we can get chelsea up. Theres jealousy. Good morning, josi
Market another major selloff on wall street. Stocks temably tumbling s p tumbling but check out what happened on the year this has only happened 17 times before going back to 1962. Brian kelly, what does this tell you about the market well, it tells me we are in for some tough sledding, a lot of turbulence. What is interesting, that bonds and stocks did Different Things than they should have done there are a lot of people in the market, when stocks are down and bonds are supposed to be up. They used that as part of their port foal yoan when things get out of whack, they have to balance that. This feels like the end of february, beginning of march gold didnt do well, bonds didnt do well the only class that was up was bitcoin. That seems to be a safe haven. Jeff, what did you make of that when we talk about safe havens, it is not necessarily negative health care outperformed and utilities outperformed so it was the usual suspects but tech not being a safe haven, that speaks to the statis