Announcement that the u. S. Was delaying those tariffs. Joe hardware names, really good day. Caroline best buy, your best performer on the s p 500. Seemingly christmas is back on. Abigail, what are you watching . 500 in relation to its 50 Day Moving Average. Even today, we are still below that. That is fitting. The volatility we had in the early part of last year that was induced initially by the Solar Panel Tariffs put on by President Trump against china. Daying support on the 200 moving average. Longterm buyers stepping up. Fourth quarter, really ugly. Day,in may, below that 50 then a test of the 200 day. At this point, it looks like we still are probably going to test that 200 Day Moving Average and you could make the case that the s p 500 is confirmed for a bigger drop. Didstocks did search surge today but the yield curve was moving flatter and flatter. The spread between the twoyear and 10year treasury yield, it twod lower today to roughly basis points. Right there on the cusp of
semiautomatic rifles used in many mass shootings and raising the age to 21 to purchase those weapons even though the killer in uvalde, texas, was only 18 years old and wielded an ar-15 style weapon. why not raise the age to 21 for people buying semiautomatic rifles? we re talking about a lot of things, and what we re talking about most are background checks, juvenile records, the areas where we can get consensus. why don t you have agreementd greement on that. we have a lot of people in the discussion. we have to get 60 votes, hopefully we can get 5. why do people even need ar-15s? the challenge you have on that is there s 20 million of them in the country already. they are a sporting rifle. and it s something that a lot of people, for purposes of going out, target shooting. in my state, they use them to shoot prairie dogs and other types of varmint. i think there are legitimate reasons peep want to have them. what also might not we be included, expanding backgr
Rishaad tariffs on washing machines, the reaction reverberating this morning. Lets take a look at whats happening. It definitely doesnt favor u. S. Solar firms, chiefly. Lets have a look at this chart on the bloomberg. Yellow line showing what has been happening first with solar for the last year, about 104 moved to the upside. One of the Biggest Solar Companies in china showing a a whole but appears as pretty much flat in the last 12 months. This is after concrete evidence to support trade agencies finding chinese imports harm the domestic market in the u. S. , according to the u. S. Court of appeals for the federal circuit. As a result, we are seeing reaction to all this playing out. And saying what they feel about, saying they will put some tariffs on u. S. Imports as well. Haidi we are hearing from the sayinginistry in seoul, they requested from the wto to put a stop to the trade concessions to the u. S. Solar is one part, and washing machines are the other. Samsung stocks falling,
Package for elon musk if he hits some key benchmark netflix is opening at an all time high. Hastin hastings last night on the earnings call. As long as we are able to continue which we can measure in viewing hours and things like that and asking our customers to help us fund that at higher levels as reasonable if we want to gain relative values for the customers then we would not be changing prices domestic better, q 1 guidance is better. Margin growth, they give it to the critics who gave bright the hard time that was the best part of the call Pay Attention to google trends and rotten tomatoes. It was all about notion of commercials verses statistics. They use a nice blend of algorithm deciding whether you like it and decide whether it appeals to you and not to the mask concer towards the Conference Call, theyre talking about 5 millions to the max mere. One of the things thats incredible was they talked about bright. It did well in the u. S. But it is the rest of the world they have a
Bouncing back. This is Bloomberg Markets asia. Haidi the dollar demise. It any dollarid is looking for an excuse to take it lower and has been given the green light. We have these comments from the treasury secretary, and also essentially saying that a weaker dollar is good for the u. S. Economy and competitiveness. Interesting given the rhetoric coming out about china and south korea and taiwan over the past few years. Rishaad absolutely. How does it fair when it comes to individuals . Company earnings . We are in the midst of a stellar earnings season. The dollar does play into this. Here we go. The bottom half of this shows you what is been going on with earnings estimates. Of dollare a bit weakness. But generally speaking, we can still see a move to the upside. What it does tell us is that the percentage gains under the Asian Pacific index, that the bull market is not over. Actual Quarterly Earnings announced since december, and also more to the point, upgraded earnings assessments