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Into a frenzy. We want to show confidence. We want to show strength. We want to show strength as a nation and that is what i have done. And we have done very well. Mark the president also told woodward the virus is more deadly than the flu. In february and march, mr. Trump said publicly that the u. S. Had the virus under control. He repeatedly compared it to the flu and said it could they do way. Meantime, democratic president ial nominee joe biden says the president is responsible for the deaths of tens of thousands of americans from coronavirus. Campaigning in michigan, mr. Biden said the president failed to do his job on purpose. It is another sign of life returning to normal in new york city, Governor Andrew Cuomo says restaurants in manhattan can reopen for Indoor Dining september 30, capacity limited to 25 . Governor cuomo says the city will dispatch hundreds of i ....
Because there is some, not a lot but some cautious optimism starting to trickle out around both the markets because they ended their day and they ended their week higher as well. Perhaps some hope on the horizon about america getting healthy and getting working again. But tim seymour with 22 million filing for jobless benefits in just the last three weeks wiping out a decade of job gains, no doubt some very hard Economic Times for millions of people still to come. Is there really any good reason for markets to be rising like they have been i think its a liquidity squeeze. Its been a skepticism trade that has squeezed markets higher it has been a combination of the Federal Reserve expanding its Balance Sheet to 6. 1 trillion. Its been all of this well ahead of the recession frankly its been a dynamic where i think the pos ....
The a few metric i call ou iphone revenue better than expected at 33. 4 billiondollar. Ive nef due 7 a sequential improvement q 23 down 12 . Mac revenue a bit lighter than but wearables home and accessories better than expected at 6. 5 billion and Services Revenue up 18 . Also better than expected. 12. 5 billion the q 1 forecast, mel, apple a. M. Guiding between 85. 5 and 89. 5 the street at 87 billion one of the metric i call out china revenue down 2 . A sequential improvement in q 3. Down about 4 before i did have the chance to catch you have with tim cook we talked about trends and themes. One the competition in video streaming. Apple tv plus launching friday we now know that hbo max launches at 15. Apple tv plus at 5. I asked cook, is that hard and fast is that going to shift the cook telling me you know 5 is where we start but we will see what the future holds. I dont want to lock oh ourselves into one side or the other. We ....
There. Im trying to figure out whether the trade or the adp number has been the biggest catalyst of the action we seen so far. Volume is pretty good in europe. Cyclicals,ating into banks, rotating out of more defensive names. The pound is trading higher. Weve almost completely seentripped what weve since Boris Johnson became Prime Minister. The real action is what is happening in the bond market right now and treasuries. To 58 from 74 from 74 to 58. That is a huge move. Vonnie those talks to begin again, china and the u. S. Planning to have facetoface negotiations to end the tariff war in washington next month. Skepticism remains on both sides that any substantive progress can be made. Lets welcome bloomberg trade reporter shawn donnan from washington. Is there anything to suggest this particular announcement shouldnt cause us to roll our eyes today . Shawn its good that theyv ....
Launch is the next leg of the rally all about the fed . I think it has been all about the fed. Tariffs were maybe 20 of the story. I think for me its about the fed. The fed is in the back pocket of the market the tariff story can only get better from here yes its about the fed higher markets from here Going Forward. Why can the tariff story only get better from here we factored in the negativity on the tariff headlines. Weve already seen those at worst, right or you dont agree. I do tell you what i think youre right in terms of headlines, mark. Its digested months and months and years of headlines what we dont have is ceos and the real impact. When you throw the trade war into a war, leading indicators have been moving lower in the last 18 months you can make an argument this trade war has done things to ceos and businesses and earnings that we still havent seen yet in terms of a market event i can agree with what steve said where ....