At the Capital Exchange event this morning making a ton of news. Closing the deal. Ibms 34 billion acquisition of red hat has closed both ceos will be with us in just a moment. As we said, pepsi beats the street, strong snack and beverage sales backs the 2019 forecast Hugh Johnston will join us straight ahead. Futures lower ahead of tomorrows capitol hill testimony by fed chair powell. Moments ago at the Capital Exchange event in washington, larry kudlow offered his views on the fed to our kelly evans. Take a listen. Price signals suggest as they have all year going back to last autumn that last policy move in december was unnecessary and i think they could take it back. Price level stability, steady dollar, is what the fed should aim for in my view among the things he said, defended a rate cut this month, said no effort to remove powell at the president time. Mnuchin, lighthizer may go to china. Larry is the happy warrior in this era everything he said made me feel better, made the ma
Companys ceo as it also gets ready to report after the bell speaking of earnings, it is the busiest week of Quarterly Results, nearly onethird of the s p 500 and 20 of the dow are reporting. F apple and amazon lead the way this week. Lets begin with tesla, rallying in the premarket today, following musks visit to china. The company, winning approval to roll out its full selfdriving technology in that country, jim. This is a partnership with baidu, being called a watershed moment for fsd you need to have i remember when i rode in a waymo, which is googles product, you had to have the google map you just need this infrastructure in order to be able to make it. It was obviously being withheld. Is it worth 22 points . I think that people were short tesla, betting there had to be more lets say, more earnings problems i mean, theres an evercore piece, lowering price target, that was probably prechina. But david, there is a sense among the companies that make selfdriving that theres this holy
Consensus, 18. 2, 18. 2. Meantime were watching the month of december and stocks heading into the premarket. A month of gains, of course, for the First Time Since the month of may. Year to date the s p up in positive territory while the russell and the dow are in the red. Interestingly, jim, down for the first time in the past ten years. Thats surprising. I would think the people trying to make contributions for the 401 k would get started. I find that someone who regularly contributed soon has to start taking out. Whoa. Whoa. Its a natural thing. So i find that to be somewhat unnerving given the fact that when are people going to put their money in . Yeah. People are going to Start Playing the yearend target game. There i love. There are a few sessions to go. I love this period because there are anointed stocks. I talked about this last night. Ive been trying to flush out my list. Youve got to own this stock. A great piece this morning by paul vogel at barclays who talked about fang a
Said to leapfrog apple and become the worlds most valuable company. It is their first Earnings Report under the new structure. Headlines,ok at the powered by over 2400 journalists in 150 bureaus around the world. A quick look at the market. We have hong kong and china close to the lunch break. This is how they were trading a mixed bag. This is a picture for singapore, tokyo, and mumbai. Its time now for bloomberg west. Emily im emily chang, and this is bloomberg west. Coming up, leapfrogging apple is the worlds most powerful company, topping investments and letting investors take their first peek. Will our data centers of the future be lining the ocean floor . We will talk to microsoft about the first server pod underwater. Now to our lead. Alphabet surging in afterhours trading, up as much as 9. 4 , surpassing apple as the worlds most valuable company in extended trading. After the company top there estimates, fourthquarter revenue passed on to partners and rose 19 to 17. 3 billion. U
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