Electric vehicle stocks are scorching, oil stocks are gushing. To chase or not to chase, thats do question ill be the question ill be asking some of the best. We are waiting for the paddenning of the thanksgiving pardoning of the thanksgiving turkey or turkeys. All that and so much more on making money. Charles the broad market propelled out of the gate powered by continued excitement over that midday announcement yesterday that janet yellen will be heading the Treasury Department. Then theres also the transition of power at the white house and continued strong corporate earnings. Wall street professionals find themselves chasing a train long after its left the station. Remember, they were complaining about this or that. Blackrock, in fact, says its now overweight u. S. Stocks with 40 technology and Communication Services alone, only 11 in european stocks. While theyre not really the worst problems like buying stocks or holding during those violent selloffs, chasing bigtime rallies is
On the dow. Stocks now on pace to finish the week in the red. Those big name tech stocks we follow so closely every day, down again. We have news of a possible delay of the new iphone and apple was responsible for yesterdays market selloff as well. News on the virus. President trump says now is not the time to be holding a big event in florida, canceling the jacksonville portion of the Republican Convention. The rnc will join us in the 11 00 hour to talk about that. To chicago, where two Christopher Columbus statues came down overnight. Just as a way to appease the protesters. We will see what tom homan has to say about that in our next hour. But lets end on a positive note, shall we . It is feedback friday. Always fun. Theres stu smiling. Yes, baseball is back. Dr. Anthony fauci throwing out the first pitch of the baseball season. It wasnt great. You could say he flattened the curve with that one. Whoa. Just outside. The ceo of fox sports and Keith Hernandez joins us on baseballs retu
I am Katie Greifeld in new york welcome to Bloomberg Markets on this friday. You take a look at where the s p 500 stands in trading. Its a red day so far. You can see the s p 500 off about. 6 , slightly worse if you take a look at big tech. The nasdaq 100 off by about. 9 . All the while you can see the volatility rising a little bit if you take a look at the vix. Of course, still at pretty depressed levels, under 15 but getting closer and closer. Im thrilled to say we have a great guest on these markets. We are joined by rob arnott, Research Affiliates founder. Good to see you. Rob good to see you. Katie lets talk about nvidia because you warned in september you saw a big market delusion in nvidia. It was a great company, he wrote, but christ beyond profession perfection but christ beyond if it was perfection that it was priced for then, what now . Rob beyond perfection. Rather than singling out a single stock, its interesting to note that back in 2018, we developed a definition for th
The nasdaq a little more than 1 away from the alltime high. For scott we have a development on the proposed ceasefire between israel and hamas. And israeli official says the proposal that hamas has agreed to is not the framework it was agreed upon with mediators. Israel is examining the proposal and will respond. What we heard earlier is that an official said they would accept a ceasefire ahead of israel attacking the stronghold of rough. They issued evacuation orders. Weve heard in the past that you have egypt and qatar trying to get to a ceasefire agreement. Hamas has announced and accepted the proposal on the table but the proposal that theyve agreed to is not accepted to israel. We will follow the details on the situation. A key question on stocks is if they can get to record highs. And who better to emulate than Warren Buffett. In honor of his annual shareholder meeting, this will be a brookshire addition. With us is the chief investment officer. Up first, apple, it showed the val
Maybe nearing a deal to acquire time warner. The two sides are in advanced talks and the deal can happen within days. At t is down about 3. 5. He is literally working the phones as we speak. Internet companies you probably know this suffering two waves of Cyber Attacks. The socalled denial of service tax affecting sites like amazon, twitter, spotify and several others. Feel like the internet was going through molass s. Today we will talk to security expert on who may be behind the attacks. Sales force backing away from buying twitter. Does it have its eye on any other company . Marc benioff will join us. Mcdonalds meng thaem. Courtney reagan is at the mcdonalds trading post right there. So you know Ronald Mcdonald may be in hiding because of the clown thing. Shares up about 3. 4 here today at post five. Responsible for about 24 points on the Dow Jones Industrial average. We had earnings beating expectations both below a year ago levels. Strong global same store sales up 3. 5 . That is