Listen: Bloomberg, United States, Charlie Pellett discussed on Bloomberg Best
"And I'm Charlie Pellett at Bloomberg world headquarters, the US stock market is on a roll S and P five hundred index advancing for a fourth consecutive week. Both the Dow and NASDAQ of made it nine weeks in a row. Stocks rallied on signs of negotiators are making headway in talks between the US and China Laurie Calva CENA's head of US equity strategy at Rb see capital markets. Now, we're hearing a lot of optimism talked about in regards to trade specifically. But I don't think it's gotten excessive yet for the market as a whole, Dan Matthias is senior strategist for global rates and FX had vanguard financial advisers. I would say let's take the discussion a little bit broader this discussion about optimism or pessimism is really a discussion about global growth and global trade is just a proxy for global growth. Are we going to ruin global growth through a bad trade agreement and trained fights or global growth, somehow recover? Kraft Heinz plummeted the most on record day. After writing down the value of some of its best known brands by fifteen point four billion dollars. And acknowledgement that changing consumer tastes have destroyed the value of some of the companies, most iconic products can shea is senior food and beverage analyst at Bloomberg intelligence. They're clear signs here that management's focus on lifting and recently propping. The highest operating profit margins in the packaged food space has come at the expense of sustaining meaningful organic sales growth, essentially by underinvesting and brand building and product innovation craft Heinz shares plunged twenty seven point four percent. The Dow the NASDAQ all danced with the S and P five hundred index up seventeen up six tenths of one percent. Dow Industrial's up one hundred and Eighty-one up seven tenths NASDAQ up sixty seven a gain of nine tenths of one percent. Global news twenty four hours a day on air and tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Charlie Pellett. This is Bloomberg broadcasting."