Tom it is a mugshot of in yield and it is very technically elegant. Dean curnutt to start is strong in the 6 00. He will talk about that. A massive correlation in currency markets. Jonathan yields of, dollar stronger . Tom dollar stronger but it is the way the dollar is stronger. Maybe the japanese are fighting to keep the yen off of 1. 50. The answer is markets are moving. Tom can this equity markets jonathan can this equity market lived with it . Equities could work in a hybrid environment. The s p 500 returned 15 every year from 1985 to 2005. When will rates were 2. 5 , can we live with these rates . Lisa this is a key question. You are saying an increasing number of analysts come out and capitulate, whether it is Morgan Stanley or goldman sachs. Yesterday, tech stocks outperformed. Where is it going to hurt . It is counterintuitive. Jonathan manufacturing is getting better, not worse. Payrolls on friday. Tom the numbers are getting better. Lisa on one hand you could say you are see
Positive by 0. 5 . It is all about the calendar this week, all about the tech earnings. Tuesday, tomorrow, tesla. Wednesday, meta. Thursday, google and microsoft. Lisa its going to be interesting to see whether even a beat is a disappointment to market because so far that has been the tone. Weve gotten the biggest selloff going back to late 2022. Have we already priced out that potential disappointment set out for a positive upside surprise, or is this a pivot point at a time and a lot of uncertainty . Jonathan lets talk about tesla. Downline 2. 4 this morning. More than 40 yeartodate and we start this week with another round of price cuts. Annmarie a string of bad news is coming to tesla and some tomorrow they are supposed report first revenue decline in four years. A challenging Earnings Call for elon musk. Not just the cuts. Across the board, china, europe and the u. S. , but also the job cuts. The fact that they are trying to basically pin the future on this robotaxi that remains a
Dont let that fool you. It has been a great year for the stock market. Some of the best gains since 2013. Lets dive into individual movers. When we talk about the year, it was the year of ipos. I want to break down the best and the worst ipos for you. We will start with the winner, roku. Up 273 . It opened for this year price of 14. We are now at 38 a share. Quite a big gain. What was not a good ipo was blue apron. Off about 59 this year. It ipod on june 28 at 10 a share. Now at around five dollars a share. That is where we are in terms of ipos. There are some individual movers today, some winners and some losers. I will focus on the losers. One of them is apple. Thats why the nasdaq is the worst performer of the major averages. Apple is off about one half of 1 . They apologized to customers. We saw this headlines this morning for changing software that reduced the performance of older iphones. Apple said it did not intentionally made to shorten the life of those, so it is offering bat
Betsy devos says her agency has launched an investigation and will hold Michigan State University Accountable for any violation of federal law. Nassar works for Michigan State and u. S. Gymnastics. Usa gymnastics. The Athletic Director has stepped down. An outbreak of the flu continues to spread across the country for a Third Straight week. The cdc says so far hawaii has been the only state to be spared. As many as 37 children have reportedly died. The spokeswoman for the cdc says the flu season still has not peaked. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti, and this is bloomberg. Emily i am emily chang and this is Bloomberg Technology. Coming up u. S. Stocks smash , records across the board to close the week with tech shares leading the charge. We have the latest. Plus, michael dalloways options with an ipo on the table. Why the man with the largest leveraged buyout in tech history is rethinking the c
Halt brexit payments at the European Union backs a trade they believe withholding billions from the eu could be necessary. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. Im courtney donohoe. This is bloomberg. Yorke it is noon in new and 1 00 a. M. In hong kong. Shery welcome to bloomberg markets. Vonnie here are the top stories on the bloomberg. U. S. Stocks are mixed today. Treasuries retracing now as a toing of auctions of be billion dollars gets underway 250 billion get underway. Pizza party. We speak with dominos ceo Patrick Doyle about the companys fourthquarter artificiald why intelligence may be taking a key role in their delivery strategy. Taylor riggs is with us. Taylor a bit of a mixed picture here. You have the dow jones off. 2 . The s p 500 up. 2 . Upeye is on the nasdaq, almost. 8 . Im thinking the qualcomm bid that was revised higher is pushing everyone else higher today. Whathing im looking at is not higher tod