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Only up a point. The 10year yield at 51 basis points. Jersey talking about a range of 40 and 80 for the next two months. Now that we have broken through 54, he says that was an important level. Ralph lauren, one of the stories of the day. That stock down 6. 25 . Argentina has reached an agreement in principle with a key group of creditors to restructure 65 billion worth of debt, after a third default this century, the ninth overall. Robert koenigsberger, cio of gramercy funds, who had a seat at the table, joins us now. Headlines crossing about half an hour ago saying there was an agreement in principle. Few to us about the last hours, couple of days, how it all materialized. Robert good afternoon and thank you for having me. April, itoke last in seemed like an agreement would be too difficult, that the two sides were too far apart and with hardened positions. Over the past couple of months, obviously, past couple of days, those positions became less hardened, and logic prevailed. Winwi ....
Investors to take risk even with the pullback, dow slipping 130 points and nasdaq losing. 27 and what a week. We almost went to war and then we didnt go to war. We almost didnt get a trade deal and it is coming next wednesday. And then this morning we were worried the Labor Department report might come into too hot and they might mouth off about inflation and a bunch of governors speaking next week and that could have gotten ugly and how about a goldilocks job number, one that was not too hot, not too cold. You get that ive got to tell you, we created good jobs but we had sub 3 wage gain so the the feds should not be worried it could have been a lot worse since some of the shortfall related to a companys specific problems at boeing that just said the former ceo is not going to get severance the labor report was one reason to buy stocks and that is what happened this morning for even the most raging bulls either ran out of capita ....
First, our top story, google agreeing to buy fitbit for 2. 1 billion in cash. The fitness tracking Device Company jumped on the news. I am joined by garrett divina. What does fitbit know about hardware and software and health that google doesnt . Gerrit a good question. Google has been rumored about talking about a smartwatch. But the operating system has been a collapsed and is not as has been eclipsed by competitors. And is not as popular as android. What they are doing is saying lets buy fitbit and build our business from that. Taylor fitbit is seeing its third annual year of sales decline. Why is it an attractive choice . Gerrit its one of the few choices, im not sure attractiveness is what is going on. As you said, they have been in decline, they struggled as apple came out with the apple watch and can do things a lot of fitbit devices cannot. The price was a premium for fitbit that it is still cheaper than when it went publi ....
Record, but some workers are not celebrating. Beyond. Ity and Richard BransonsVirgin Galactic could be the first Space Tourism business to go public. We will analyze demand. The first, top stories. Alphabet earnings. The report was impacted by heavy investment in googles Cloud Computing business. Google has been Building Data centers and hiring sales people that runsoud Unit Services over the internet. , our correspondent from bloomberg intelligence. Cloud is all the rage, potential for future growth. What did you make of it . Like you said, they are spending. They are showing results. What we are seeing for the next centerhey will take the focus and you ....