Bit of the rising yield. 65 basis points on the 10year. Throughout the day, i think my theme has been trained to gauge investor sentiment. Maintains, stocks can these high levels. If you go up to 1 or one and a quarter, he has to massively rethink his price target. Then you get to the relative trade. Of course, earnings yield lower than the 10 year treasury at the moment. But if it starts to climb a little bit, how does that affect the relative value . Caroline we have had that sort of worry. Mike wilkins at Morgan Stanley also saying, we are worried about rates going higher and what that would mean for stocks. Whiting is still with us. This week, we get a little bit of messaging out of the fed. Are you expecting to hear anything out of powell or any of the other members that would give you a better assessment of where Monetary Policy might go . Steven it is possible. Chairman powell has been relatively quiet about healthy Federal Reserve might adjust its framework for achieving its in
Well break down the numbers later, we are closing out our series on the cannabis craze with a deep dive into green thumb. We start off with a big developing story at apple as that stock hits a fresh alltime high epic gains after apple removes fortnite from the app store. Epic blasting apple. Take a look. We shall prevail. Lets get more on this developing story jewuli julia . Epic is taking legal action after apple after apple removed fortnite from the app store. Emmick posting this individ g epic posting this video with the hashtag free fortnite. Apple saying that epic has benefitted from the App Store Ecosystem for a decade saying their business interests now lead them to push for a special arrangement and not change the facts these guidelines could level the Playing Field for all developers and make the store safe for all users epic says it isnt seeking monetary compensation but injunctive relief to allow fair competition in these two key markets that directly affect hundreds of mill
You could have picked any number of days to make this kind of call. Why was today the day you did it the stocks had a tremendous run, as you just we wanted to get through earnings to make sure our thesis didnt change. Our price target was 900 coming out of earnings and our perspective is the stock seems to be trading in the 1500 range which we find very difficult to justify unless we really make huge assumptions at this point were not comfortable making those assumptions. You admit today that trying to call the direction of the stock could be a fools game tesla shares are positive. Why bother trying to make call like this in this kind of a market its really not a call that the stock will go down in the next month or two. As anna agnalyst we set ratings. Objectively when we look at various scenarios for the stock and say what do we think is realistic price target based on those assumptions its 900. Its just a disconnect we move to an underperformer equivalent of a sell rating. Look, its
Billion market mystery thats how much facebook added in market cap today. The reason not entirely clear many pointing to the launch of reels, the answer to tiktok. We should point out that news was out yesterday morning. Facebook shares today surged 6 to a new alltime high so guy, whats your take on this move well, i have no idea why it moved like this. Id be lying if i said i had an answer i will give credit to karen because shes been on this something we said, you go back to the middle of june. I remember this when rei, north face, patagonia came out and said they were pulling their ads for a month. I remember saying youve got to pull the rip cord on this. Theyre the first but theyre not going to be the last that proved to be correct. On june 26th, the stock traded down to 207, cratered and then closed higher on the day something we said is and ill say it again, theres nothing about facebook i like in terms of the platform and ill continue to say that this reversal tells you all you
News, negotiators for britain and the European Union say there is still a long way to go in brexit talks. To two sides are trying secure a new trade deal before the end of the year two avoid a no deal scenario. It is negotiator said clear and agreement will not be reached this month. This week again, you did not show willingness to break the deadlock. The time for answers is quickly running out. Officials had hoped to see significant progress this week after last months call between Boris Johnson and the eu leadership. Global news 24 hours a day, onair, and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. Vonnie it is 1 00 p. M. In new york, 6 00 p. M. In london, and 1 00 a. M. In hong kong. Welcome to Bloomberg Markets. Im vonnie quinn. Here are the top stories we are following from around the world. U. S. Jobless claims rise for the First Time Since march. The data putting a halt to the rally in