18 Burst results for "B. M. O. Capital"

"bmo  capital" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:27 min | Last week

"bmo capital" Discussed on Bloomberg Radio New York

"The Bloomberg interactive broker studios This is Bloomberg daybreak as we relate the April consumer price index Now due out in just a little more than two and a half hours time we're joined now by Jennifer Lee senior economist at BMO capital markets Jennifer it's always great to speak with you looking at the eco screen on the Bloomberg terminal economists are calling for 8.1% year over year but that's lower than the prior month Have we reached peak inflation in your view Good morning Let's hope we are at peak inflation But I don't think we're quite there yet These are both basically more technical improvements I think We're looking for the past number of months have seen some sizable month to month increases So we're looking for like a more modest .3 .4% increase in the headline this morning But just due to a drop in car prices in April a lot less than what we saw in March As an example but this is just this is will be just the beginning And it's like fed chair Powell said during his press conference last week that he will need a lot more evidence to see that inflation has either peaked or flattened out Cleveland said semester I think she was on the waters yesterday Also saying that she needs to see some compelling moves and quote before she considers taking a rest Yeah and she was speaking with us yesterday on Bloomberg radio and television saying that she wouldn't take a 75 basis point rate hike off the table sometime this year Is that what it's going to take something like an even more aggressive move from the fed to rein in these price pressures Just looking at what's happening now I think they might have to It's not our base case I mean we've got I mean fits your pal basically said and most of the other FOMC members have also said that it makes sense that two 50 basis point rate hikes over the next two meetings would hopefully do something to curb inflation But just the way it's going right now with job growth is still very very strong It's a very I think we can not write off the possibility that a 75 basis point where you hike might be needed Just looking into what feeds a CPI what do you see as causing the sharpest price pressures that we could see in the headline number It's still going to be cars and energy but food is also ranking up there as well And that's the scary part of all of this is that it's not just one component It's not You can't just strip out the food and energy and say well at least core is rising moderately It's almost everything clothing medical care recreational stuff All sorts of things that are causing the entire spectrum I think of prices to rise And that's why we've got core APIs also heading up there join the headline at the highest level And decades And this is what causes this is what makes defense job even more challenging You can't just knock one peg down and everything will fall will fall along with it It has to be broad based hits to I think to inflation to get inflation towards back down towards 2% So are you seeing us in an inflation spiral right now and what's behind it I don't want to see spiral because the fed chair also said that he hasn't seen a wage price spiral yet So this week I think it's yesterday the dock workers at the western ports They started their talks That's going to be very interesting to see how that pans out because obviously the more they want a new contract with higher wages And that's something that is going to also feed into higher higher inflation as well But right now we haven't seen it completely but obviously everyone has just given the labor market A lot of the employees are asking for more And at least the companies kind of afford to give us two parts out but it's also going to come out at different forms like in benefits as well More vacations So I don't think right now we are going to see we are seeing a price spiral But again it's something that wouldn't completely rule out But this is why the fed has to act more aggressively now rather than later And then we get those numbers coming out 8 30 a.m. Wall Street time Jennifer Lee senior economist BMO capital markets good to get your insights ahead of the release of that data Thank you Karen All right Nathan thank you 5 53 on Wall Street time for the Bloomberg law report unless you get to the legal stories we're watching this morning from Bloomberg's Jeff Bellinger.

BMO capital markets Jennifer Bloomberg radio Jennifer Lee Bloomberg fed FOMC Powell Cleveland BMO capital Karen Nathan Jeff Bellinger
"bmo  capital" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:24 min | 2 weeks ago

"bmo capital" Discussed on Bloomberg Radio New York

"Ukrainian forces say they repelled Russian attacks in the east and recaptured some territory even as Moscow moved to obstruct the flow of western weapons to Ukraine by bombarding rail stations and other supply line targets across the country Heavy fighting also raged at the steel mill in mariupol that represented the last stronghold of Ukrainian resistance in the ruined southern port city In baseball the Yankees 11 game winning streak came to an end the pinstripes lost to the Blue Jays to one that mets lost along with the Red Sox nationals a's and giants the Orioles one In the NHL playoffs the rangers play game two of their series against the penguins New York is coming off a game one triple overtime loss The bruins lost to the hurricanes 5 two Carolina now leads the series two games to zip Global news 24 hours a day on air and on Bloomberg quick tank powered by more than 2700 journalists and analysts and more than a 120 countries Michael Barr this is Bloomberg Nathan hope that rangers goalie is rested Thank you Michael It is coming up to 5 20 on Wall Street live from the Bloomberg interactive broker studios This is a Bloomberg daybreak No rest for the markets after digesting the fed's 50 basis point move and plans for more Let's bring in Jennifer Lee senior economist at BMO capital markets as we continue to get reaction to the fed decision Jennifer good morning the fed delivered what the market was looking for but we'll multiple 50 basis points what inflation needs Good morning I think what he said which was 50 basis points on the table over the next couple of meetings My favorite word is this reasonable I can't see a 75 basis point rate hike right now I don't think I ever took one seriously as definitely not for yesterday And if I may if I may by the way just tell you what my conspiracy theorists I always thinking well first I thought unanimous even mister James let's not rule out a 75 basis point rate hike because it's not my base case at this point in bullard So the conspiracy theorists to me was thinking did they parade them out recently over the last week And sort of plant the idea of 75 basis points into the market's head and then go ahead and only and I say only using my air quotes here All they raised 50 basis points and sort of beating expectations and thus sparking the rally what you saw in the stock market So that's what I was thinking but I think 50 basis points over the next couple of meetings I think at a minimum What's it going to do for growth to have front loaded hikes like this It is going to have it already is starting to have that wanted effect That aimed that goal which is to curb demand He's already said in previous press conferences and interviews that raising rates is not going to make supply chains clear up It won't make widgets being produced any faster or being shipped across the sea from faster But it will be able to cool demand down enough to ease the pressure on supply chain So I think that's what the intended effect will be Chairman Powell said that 75 basis points is something they're not actively considering just to bring it back to that Do we need to parse what actively means I think he is not ignored He's keeping all of his options open I think every single central banker out there is These days they're going to have to because no one knows what lies around the corner especially with inflation still remaining very very high supply chains again no signs of easing meaningfully any time soon He's already brought up the fact that the Ukraine war And the China lockdowns are going to add to that inflation pressure and by using those two factors I think that sort of had to suspect basically that it is possible I wouldn't write it off but I wouldn't completely ignore it but it's something that's not on the radar but it could be beeping around in the background Is there some debate for you about whether fed policy is part of what's feeding into the inflationary pressures Besides supply chains the war in Ukraine and other exogenous factors is fed policy itself part of what's happening here That's a good question I think it probably was just given the fact that the took a little while longer to move I'll put up politely To raise rates by continuing last year to call it transitory and he's admitted in a given kudos for that He's admitted that if we knew it now we knew that what we knew now they would have gone a lot earlier So I think that probably contributed somewhat to this higher rate of inflation So now they're working to sort of rate that wrong or make up for lost time And sort of set up for more aggressive moves like the two at least the two 50 basis point moves in the next couple of meetings About 30 seconds left here Tighter fed going to mean for the job market We have of course the April jobs report coming out tomorrow Does it have any impact The April report on what the fed does from here I think it already is starting to we are looking forward about 380,000 for April possibly some down slide It's just given from what we saw ADP is always kind of wonky But even the other ones like this So I think I've been saying this for months now All the strong demand for jobs is just not sustainable He was talking about nearly two jobs for every unemployed person yesterday But I think as the economy slows demand is going to cool which is again the point of tighter monetary policy you are going to start seeing that pullback in job demand So I hope that anyone who is out in the fine lines and have multiple job offers I think they've got to get back into that game Great to have you with us this morning Jennifer Thanks so much Jennifer Lee senior economist at BMO capital markets with reaction after the feds 50 basis point increase keeping 75 off the table sparked a rally now futures are pulling back some We have S&P futures down 30 points Down futures down a 183 NASDAQ futures are lower by a 108 points Your listening to Bloomberg daybreak.

mariupol fed Michael Barr Bloomberg Nathan Bloomberg rangers Ukraine mister James Jennifer Lee BMO capital markets Chairman Powell Blue Jays Orioles bruins penguins mets Red Sox Moscow hurricanes Yankees
"bmo  capital" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:45 min | 2 months ago

"bmo capital" Discussed on Bloomberg Radio New York

"Markets All right coming up it is fed day We're going to get a preview in this half hour from Jennifer Lee senior economist and managing director with BMO capital markets Plus a lot of news flow coming out of China as it relates to the regulations of financial markets and companies And we have China news I say let's get the leading voice in all things China That would be Leland Miller CEO I'm trying to base international He's going to join us to give us the latest from trying to but first Let's go to Greg Jarrett and Getty Bloomberg business flash Great Just got a hot headline here Paul crude oil inventories are up 4.35 million barrels according to the EIA and West Texas intermediate is down about 1.3% more on that coming up It's stocks are up after the Kremlin hinted that progress in peace talks with Ukraine adding to positive sentiment stoked by China's vow to stabilize its markets treasuries in the dollar retreated before the Federal Reserve policy decision today which you will hear here on Bloomberg radio S&P 500 is up 1.9% of 80,000 up 1.4% of 457 NASDAQ's up 2.9% of 376 the ten year is down 8 30 seconds The yield 2.17% West Texas intermediate is now down 1.3% at 95 17 a barrel comics gold is down 1.1% in 1909 20 announced the dollar Ann one 1832 the Euro A dollar ten 25 the British found the dollar 31 O 8 Starbucks says CEO Kevin Johnson plans to retire next month and chairman emeritus Howard Schultz will return his interim CEO retaking the range of the company he grew from a local coffee roaster into global phenomenon Almost 8% now Starbucks stock That is a Bloomberg business flash Bloomberg markets continues now Paul Sweeney And Matt Miller All right Greg.

BMO capital markets Plus China Leland Miller Greg Jarrett Getty Bloomberg Jennifer Lee West Texas Bloomberg radio S EIA Ukraine Federal Reserve Kevin Johnson Starbucks
"bmo  capital" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:49 min | 3 months ago

"bmo capital" Discussed on Bloomberg Radio New York

"IBKR dot com slash GA Well let's have a little bit of a check of the pulse of these markets and no better to do that with than Bloomberg stock Chris If you haven't been for of course Amazon and Google parent Alphabet we would have had also a negative story for the S&P 500 You're quite right about that rich I think that a lot of the price action today those centers on the minutes of the last fed meeting and they really failed to add much beyond the hawkish pivot the fed is already taken right So we have the two year treasury note which arguably is the most sensitive to imminent moves from the fed Today it actually was down in yield terms by about four basis points So we were talking with Ian lindgren over at BMO capital markets today He told us the minutes were actually a little Duffy versus market expectations That's why the front end rallied So why dovish Well no discussion of a half point hike in interest rates that seems to be off the table at least for now and little surprise from the tone on a balance sheet plans will have a closer look at the fed story momentarily So in the equity space the Dow today down two tenths of 1% We did have the S&P higher by a tenth of 1% NASDAQ comp down just a tenth of 1% Heavy news flow after the bell Brian mentioned in video we'll look at that more closely momentarily We also heard from Cisco quarterly results above expectations and the company is boosting the size of its stock buyback program by 15 billion shares are up two and a half percent right now We'll take another look at markets for you in about 15 minutes Brian All right well the minute of the fed meeting show officials are poised to raise rates soon They did view high inflation as having the potential to justify a faster pace of tightening Chris brightman's CEO and the CIO of research affiliates and he questions whether the fed will be able to raise rates enough We're running a 7 and a half percent inflation The market pricing in the bond market suggests that the fed is going to be able to tighten by call it 6 25 basis point moves If we're starting pretty close to zero we're talking about getting to one and a half percent fed funds rate Defies logic how you take nominal interest rates to one and a half percent when you're running 7 and a half percent inflation And that's going to cure the inflation problem And there's going to be no more tightening necessary The fed also said that it does expect to begin the process of reducing its balance sheet after it has begun raising rates And we're looking after the ballot to Nvidia reporting results above estimate sales regime what just over 7 and a half $1 billion 7.6 billion to be precise in the fourth quarter earnings coming in at $1.3 a share One to the 30th year both ahead of analysts forecasts but the market was underwhelmed Perhaps it's due to a miss on margins adjusted gross margins were 67% of the last quarter and looking at what just a slightly higher figure than that of 67.1% Dan is senior portfolio manager Senators trust he says the market had high hopes for Nvidia Because we know that AMD reported a couple of weeks ago We know that GCP also had a good number with alphabet We would look for those numbers to roll into a good solid data center number for Nvidia The issue I think a trade to the very high valuation It's kind of in that 50 60 times earnings handle So there's just not a lot of room for margin It's kind of execute on everything It's got a bead on everything and it's like it could do good and it's not good enough Just taking a look at the shares of Nvidia here at the moment in the after hours Last time I checked they were trading down 2% In fact they've improved a bit They're 1.6% to the downside in the late U.S. session 5 minutes past the hour time for news.

fed Ian lindgren bell Brian BMO capital markets Chris brightman CIO of research affiliates treasury Amazon Nvidia Chris Google S Cisco
"bmo  capital" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:49 min | 3 months ago

"bmo capital" Discussed on Bloomberg Radio New York

"Subscribers is fantastic Relative to one of the mega cats we're talking about and it doesn't move the needle So I think it's exactly your point Peloton dropped the price of their bike pretty heavily and did not see a surge in demand What that means is there's not a high price elasticity So I think that what we are seeing is COVID was a pull forward of demand not an expansion of it And at the end of the day peloton is a fantastic company for a very niche insulated group of people And that people has been phenomenal It's been bigger It's grown faster et cetera But that doesn't make it on the same plane as some of these mega caps in the world Mark what's your sense of a size of a deal if this happens and the likelihood of something actually happening Yeah I mean at this point I don't think it's very likely obviously peloton reports earnings tomorrow so it's possible that peloton lawyers and lawyers for potential acquirers are going to work through the night and into the morning tomorrow in the afternoon to try to get something done But at this point it seems like things have only started moving in recent days very quickly Obviously with peloton hiring advisers and some of the potential acquirers hiring advisers to investigate a potential deal in terms of what it would be priced at I mean obviously peloton would want to come in above its market cap which is now below $10 billion I agree There's probably a better world for peloton here if they started to sort of raise their prices a little bit try to expand their product portfolio and try to stick this out independently There is no absolute natural fit for peloton I think of one of the mega caps or one of the larger companies I think it does fit in terms of what we've talked about I do think Nike is the best fit of the three But I'm not sure something gets done by tomorrow I mean if a deal doesn't happen where does that leave peloton Listen we have an underperform on the stock like the products but I think that right now this company is going through a reset How many growth stories do we know once they become restructuring stories It's not normally a fixed issue in the quarter I think that right now there's a process I think they're making healthy decisions healthy decisions aren't necessarily the bullish decisions for the short term So I think that the reality is they need to look inward if they need to fix this cost structure And then we can evaluate what the company is worth from here but especially after today I mean we have an underperform on the stock All right Mark I do want to ask you about another story you're reporting on and that is apple's big event coming up on March 8th You're reporting that they're working on a low cost iPhone and iPad What can you tell us So this will be an event currently planned for Tuesday march 8th one of their virtual launches This will be the probably the least significant in the smallest one of the year This will be for a new iPhone SE and a new iPad air the big upgrade coming to both will be 5G those products are stuck on chips from 2020 and earlier lower end four G processors This will be a 5G upgrade So look out for that All right Mark gurman Bloomberg and Simeon Siegel BMO capital markets thank you both for breaking all that down Meantime toshiba has scrapped a plan to divide into three companies that was criticized by activist investors Instead the Japanese tech giant will split in two and sell noncore assets to shiba says that'll be cheaper and smoother than the original plan Coming up Peter Thiel doesn't want his political values to distract from meta So he's stepping down from the company's board all the details Next this is Bloomberg You know the difference between your bank and the banking business The need chief executive will take the bank in a.

COVID Nike Mark gurman Bloomberg Simeon Siegel BMO capital apple toshiba shiba Peter Thiel Bloomberg
"bmo  capital" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:05 min | 4 months ago

"bmo capital" Discussed on Bloomberg Radio New York

"Show Clean your Windows Brutal Future's up ten Advancing two tenths of 1% on the NASDAQ up about a tenth of 1% on the Russell up a third and yesterday session that banks did nicely through the Y in the bond market Switch at the board and get to the bond market twos ten to 30s You can slice and dice this any which way you want Yields higher Twos and 5s highs we have not seen going back to 20 20 or 5 year yield pushing out You're two year old pushing higher by two basis points Just short of 80 this morning through 80 yesterday briefly on tens right now One 65 77 and with those high yields we've seen some dollar strength out there to kick off 22 particularly against the Japanese yen Switch up the board and finish on this one Dolly yen right now one 1627 of 8 tenths of 1% on that currency pair That right there Tom Keene is yen weakness That right there are levels We have not seen since early 2017 It's been 5 years Tom since we've seen that kind of level on Dolly Ann Really important to see do it yet out there of the folks This is how we live On TV you can see this on radio It's a little bit hard to see but we'll give it a shot on radio This is the Bloomberg on a cell phone And this is how we do this remote And this is our lifesaver John and I live on this It Davos just to give you one idea with Lisa but there it is a 30 year yield to a 2.04 percent We're going to drive for that conversation now We're thrilled to bring you Ian lingan noted for a hugely precise note each day at BMO capital markets Ian Thank you so much for starting our 2022 And why don't you give us a primer right now Ian on the uncertainty of a terminal rate Let's start with how far out is your study of the terminal rate Is it out 7 years or do you have to bring it in Well I think that this is a pivotal time for the conversation about the terminal rate The fed has given us rough guidance that it will be two and a half percent But there's two distinct counts There's a camp on one side that says there's no way we're going to be able to sustainably see policy rates above one 75 but on the flip side there's a group of investors that feels very strongly that we're going to see need to see at least 3% during this cycle Maybe even three and a half And that really does hit the 5 year sector of the curve And that's why as you pointed out earlier we're continuing to see underperformance of 5s and increasingly the two year sector as we move closer and closer to that first rate hike of the cycle which without question it will be this year's business And it will really redefine expectations for the outright level of rates over the next year or so Muhammad Ali and writing in the Financial Times John I know you saw that from doctor Arian mixing up here the interest rate dynamic with inflation and of course the fed policy Part of that Ian and your world is with a vengeance the foreigners show up to buy price moving price up and yield back down to the foreigners come in again and buy U.S. paper Without question there will be overseas sponsorship for treasuries The biggest unknown at this moment and what we as a market are grappling with is at what level does dip buying become attractive The point about the underperformance of the yen versus the dollar and just overall dollar strength puts U.S. treasuries into a particular light if you're a foreign investor Moreover if you have relatively contained inflation expectations which generally speaking given where we are in the cycle one could argue it becomes a real yield story and what struck me about yesterday's sell off that was so important was that the bulk of the price action occurred in real yields not in break-even So this is a growth story and not an inflation one at this point So Ian let's fast forward to the end of the year we'll really guilt still be negative 1% Will they be negative three quarters of a percent Or will they actually be even positive as people reassess what the fed's policy will be I don't think that we're going to see positive ten year real yields this year but we're not going to be at negative a hundred basis points by the end of the year We'll be a lot closer to zero And that will be a function of two things One it will be an increase in nominal rates but also inflation and inflation expectations are going to be contained further as the fed starts its tightening campaign I do wonder given the fact that so many people are bullish in whether this kind of goes against that because a lot of what's been driven the sort of Tina there is no alternative trade has been these negative real yields I know you focus on rates but does this raise some questions for you when you talk to all of your colleagues who are all bulled up on risk Well it certainly does because as the fed starts to take away some of the accommodative.

Tom Keene Dolly Ann Ian lingan BMO capital fed Bloomberg John Lisa Tom Muhammad Ali Ian let Financial Times U.S. Ian Tina
Costco is testing out curbside pickup for groceries

Rush Limbaugh

00:36 sec | 1 year ago

Costco is testing out curbside pickup for groceries

"Another retailer launching new pickup options. Costco has started curbside pickup for the first time. The test market is Albuquerque where three locations air trying it, the company says. So far it's going well. People are ordering more than expected, and now Costco is trying to figure out how to be more efficient at it. Analysts it BMO Capital markets see the possibility For a super premium sized pickup membership, which could be huge for Costco. Costco's competitors. BJ's wholesale successfully launched curbside pickup last year and has continued to invest in the

Costco Bmo Capital Albuquerque BJ
"bmo  capital" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:22 min | 1 year ago

"bmo capital" Discussed on Bloomberg Radio New York

"Pony up here. Where's your yield call where it begins to affect us to four decimal points. We will get the we will see a correction in equities. The closer we get to 1 50 tens, but I don't think that we get all the way there. I suspected he sell up stalls between 1 35 and 1 45. And great to catch up to get your thoughts on this show. Thank you, sir. The linen there. BMO Capital Markets want to revisit story The last 24 hours, AMC Entertainment come again on borrowing $900 million and a CEO coming out and saying he'll get through it. How did they do it? Tom? Using Lou's conditions, the Federal Reserve keeping this credit market wide open. That was the objective. We've gone back and back and forth on this, and I know I've repeated a million times. But the policy objective was to divorce the economic conditions from the financial conditions. They've been successful, but here's the number one question when I sat down around this table yesterday had this conversation quickly with Lisa before we went to where, Because We told you ever talk to me? You and I don't. I know on one of the first things, Lisa said To me, it's okay. What happens next? What is the business look like and I choked up a 50 to $100 for tickets. Get back into the cinema. But let's be real about it. The capital structures of these businesses look like and what's the tolerance of the global economy to higher interest rates? For all the talk that we get to 1 52% to 50? If we go there on Treasuries? What does credit look like? What happens to these businesses that barred all this money over the last 12 months just to survive? How did they grow into those capital structures? Lisa, and there's that there's this model look like and this is the big question, right? I mean, if you have this much debt doesn't that slow growth? Because if you have a company, not only that has this overhang of that dead, But AMC who's going back to the movie theaters are movie is going to be the same when you have Netflix when you've got Disney. Plus, are we gonna have the same business model? Or is this an existential question of what that will look like going forward? I don't know, And it's the same with the crew. No, this this laser is the danger of low interest rates. The danger of zombie companies is that your tolerance for higher interest rates just gets lower and lower and lower. And we do this every single crisis, Tom. So what happens is you can't try to keep everyone alive. You don't keep the best companies thriving. You just keep everyone Taken along. It's the trap of low interest rates. I think we're in it right now. And every time someone comes on the show and talks about higher interest rates, the one question we need to watch repeatedly is okay. What's the tolerance of this global economy? Now? The higher interest rates is it lower or higher than it was before the crisis? And you've got to say arguably, it is much much lower. You know, I just was looking at AMC. John. And I mean, the f A screen in the Bloomberg is a train wreck is well, I just wonder what the underlying is to get that deal done. If it's real estate lease is or what I would Lisa. I just You know what I observed. John is my kids have broken the movie theater habit. It's like gone. It used to be there. And it's going. I imagine it would come back. But whether it comes back at this point time is a moot point. The most important thing is that they've taken on so much debt. I'd give function in this environment After 6% of this happy talk is things get better. They will, things will get better. But can they tolerate higher interest rates? I don't think they can John to take that and build on it. There is an idea of lower rates being good for stocks being good for risk assets. If we get into a situation against consensus were yields go lower because of disappointments in the economy. You do have to wonder whether that challenges equities in the equity story if it's not being driven by the Federal Reserve. It was actually be driven by weakness. Right low rates Valuation story just reinforces the psychology of the moment. Okay. I think the biggest threat right now is we all get caught in this trap that we just think low rates means bigger returns in risk assets. Allow me to introduce you to Europe. Allow me to introduce you to Japan, where race has been low for decades. It's not Sufficient. It's no it hasn't been enough in those geography is and it's not necessarily going to be enough in the United States as well. I mean, this is the big question in time. I think that this is something that a lot of people are looking at, as everyone prices in reflation, and it was we look at the debt that's being raised, do you? That's been a record January so far, Tom for junk bond sales in the United States, We have gotten record in I po and equity add on fundraising. There's so much cash that's been raised for companies that have to face off with some real questions about what they will look like post pandemic. Breath That felt good. I think I'm just folks. You gotta understand. I'm in a hermetically sealed room. Erica's here and I really don't get along and in the gloom level there. You guys are just killing me. You know, we rub enough for me. Of course I'd be distracted me. Riley Connors was punishing month you would give it give you that. I'll give you that, John. You're bullish in London. Even more bullish Capri. Now you're Will Abramowitz and it's like the gloom. It's a Simon gloom Here. Read a Bloomberg headline on the blade back just quickly. This one's for Lisa s and P Global put in most major all cos they're Ugo. You speak in the Dow goes up. I speak of negative watches. Just Like that coming up a little bit later. Looking forward to this. I'm at Chief Economist Get a golden after on Bloomberg TV 9 40 Eastern life around the world for our audience worldwide on Bloomberg TV and Radio. This is Bloomberg surveillance. Now, with the latest.

Lisa s John AMC Entertainment Bloomberg Tom Federal Reserve BMO Capital Markets Bloomberg TV United States CEO Europe Lou Netflix Disney Capri Chief Economist Riley Connors
"bmo  capital" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:09 min | 1 year ago

"bmo capital" Discussed on Bloomberg Radio New York

"Market, the 10 years, yielding about one point 10% on the commodities front. Wt I crude oil is trading about $52 a barrel while gold pulls back to $1840 announced Bitcoin up again, 3% to $38,500 to get more color. On those equity markets. Such check in with Bloomberg Stock Senator Dave Wilson Day What you looking at? I'm looking at the first day of fourth quarter Rory's reports for starters and the reactions kind of mixed at this point. Yeah, you have got BlackRock shares down 3.5%, even though the money managers earnings revenue and assets beat analysts average estimates in a Bloomberg survey. I'm tired of that. The company said it would seek intimate and increase this month. You know, maybe it's a case where you know the shares had run up, and they're just kind of pulling back now. The earnings around because Black Rock was up 138% through yesterday from a low in March, which is really quite a move. Uh Delta Airlines so up 3% Cary reaffirmed to projection that cash outflows will end in the spring, fourth quarter results showed Delta went through $12 million a day that was actually less and the company expected revenue beat Analystsprojections. There's also first Republic in the S and P 500 like Black Rock and Delta. It's up 1% the private banks, fourth quarter profit topped estimates as revenue surpassed a billion dollars for the first time. And since we're talking finance, you gotta mention a firm holdings up. 3.5%, the online provider of consumer loans is higher after almost doubling yesterday in its first day of trading, the search followed a $1.2 billion initial public offering. You're also seeing follow through an Intel up 2.5%, the chipmaker's rising for second day after replacing CEO Bob Swan, with software maker VM, where CEO Pat Gal singer now Intel is race equivalent by from hold at BMO Capital Markets Cowan and Morgan Stanley after the management changed DuPont talking analyst down 2%. Ladies on the chemical company were lower. JP Morgan and Germany's DZ Bank..

analyst Delta Airlines Bloomberg Intel Black Rock JP Morgan BMO Capital Markets Cowan CEO Bob Swan DZ Bank Rory Morgan Stanley CEO BlackRock Dave Wilson Pat Gal Senator Germany Analystsprojections
"bmo  capital" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:52 min | 1 year ago

"bmo capital" Discussed on Bloomberg Radio New York

"T makes research breakthroughs and his rank is one of the nation's most research intensive universities by Carnegie Classifications. Boarding Jayanti that you slash are one stocks have pulled back from records as investors cast a wary eye on a batch of data that, as Bonnie just said, suggests a possible slowdown in economic growth. Treasury bench tire, Brian Belski, BMO Capital Markets chief investment strategist, tells Bloomberg 2021 will not be the end of volatility. I think where most people have it wrong for 2020 war is this automatic transition? Back to normalcy. I just don't think it's gonna be that easy of 2020 taught us anything. We're still gonna have fits and starts Momenta Mladic driven market Look at the month of November alone. In terms of this binary decision to buy cyclicals and value stocks again. This is clearly just X, trying to add under exposure. Those areas that have been underperforming. We check the markets every 15 minutes, the S and P is down 4/10 of a percent down 13. The Dow's down 6/10 percent down 170. The NASDAQ is up 1/10 of a percent of 10. The 10 year is up by 30. Seconds to your 300.86%, West Texas Intermediate crude continues to go up. It's up 8/10 of a percent of 45 29 a barrel comics. Gold is up a quarter of a percent at 18 15 20 announced the Valerie Ann 104 34, the euro dollar 1905 and the British pound a dollar 33 61. That's a Bloomberg business Flash. Bloomberg markets is underway now Bonnie Quinn and fall swinging Right there. Thank you so much. We appreciate that market drivers is brought to you by Commonwealth supporting more than 2000 independent financial advisers with the solutions they need to grow a thriving business coming off. So where you grow? Visit commonwealth dot com to learn more well after hitting record highs yesterday in the S and P and Dow getting a little bit of a pullback here before Thanksgiving. That's where the action is. You could do that this morning with a good friend. Pretty Gupta from Bloomberg News. Pretty what you looking at here in this Thanksgiving Eve morning trade. Well, Good morning, Paul. Of course, we have seen a little bit of a pullback in the stock market. Just of course, after hitting those record highs in the averages yesterday, you are starting to see a little bit of a fade here in the data, though we had the NASDAQ In the green slightly about about 0.1%, and I'm hesitant to say it's firmly in the green. She kind of seeing the NASDAQ kind of go back and forth here, but it's really the economic data. That's kind of throwing a few punches here. This idea that even with all this vaccine optimism, maybe the near term outlook This isn't that great and even Treasury yields. Not that optimistic just yet. So that's really what I'm watching. What about volume is typically pretty low volume before Thanksgiving. You might have thought there'd be more today, given all the news in the last few days about potential Cabinet appointments and so on. Absolutely volume extremely low today. I mean, the only lower day volume we're going to get is that is Friday, right after Thanksgiving. So of course, some of these page you're seeing in the market could just be simply a function of those kind of low volumes, low liquidity out here. But still, the economic data seems to be moving. Ah, good chunk of the price action this morning, but of course, volatility. Will increase a little bit when you start to see a volume drops, so that's really what I'm watching Funny. So pretty. It's some I guess what we've seen really over the last several weeks. Maybe really, you know, since September's been that rotation trade seems to be working here where investors are, you know, betting on some economic growth on the other side of this pandemic, and maybe Increasing. Positioning there to cyclical names may be getting out of some of those growth. The names have been such good winners that really was apparent yesterday. At least it absolutely was. And this is, of course, coming after three vaccine Mondays, and I have to admit full on that first vaccine Monday the Fizer news, the first trading session after Joe Biden was declared the winner by by media You really saw this cyclical trade out performing? I was very skeptical about it because you saw the likes of some of these big oil companies trading 20% higher on just one day, So that was really Ah, big question mark for me, but it kind of seems like the fundamentals have really shifted to the point where that's cyclical rally. It's no longer a one day or one week trying, you're seeing for three straight weeks. The question, though, is Can the economic activity really stay stable until we get the vaccine? Or do we start to see that double dip recession vibe? And that's really what markets are watching. Right now. It's not so much what news is coming in 2021, but the overall trajectory whether that's in the economic data, or I'll also add corporate earnings because, of course you're seeing a lot of those movers really trade on the idea that they're 2021 fiscal forecast is much higher than anticipated. So just to recap. This morning, we got durable goods holding up. And in fact, the previous month, September's durable goods orders were advised hires. That's good sign. But then, of course, you had the job of pains. Not so good personal income, terrible personal spending, though holding up so it's a real mixed bag. What are traders anticipating hearing from the everyone see later on we'll, of course, there's not gonna be any surprise here. There's going rates are probably expected to stay on on pause for for a while. You're going to see language around that, But you're also expecting this to see what kind of recovery they're expecting. I remember Chairman Powell and Madame Lagarde had both talked about this was a says the vaccine use had been Declare that the vaccine in the first half 2021 was largely priced into their forecasts of what they are more concerned about is once again this economic activity, and I think traders air really going to see or really going toe wonder to what extent that makes an impact. Is it just simply a near term problem through the end of the year that we can kind of look past? Or is this going to create that long term damage? That's a really great phrase. That Chairman Powell likes to use a lot. What does the long term scarring look like? What is the long term structural changes look like, and hopefully we'll see some language around that, and that may influence some of the positioning coming out of this Thanksgiving holiday. So pretty. I think I.

Bloomberg Bonnie Quinn BMO Capital Markets Chairman Powell Momenta Mladic Carnegie Classifications Brian Belski Bloomberg News Joe Biden Valerie Ann Dow West Texas Intermediate Treasury Gupta Paul
"bmo  capital" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:55 min | 1 year ago

"bmo capital" Discussed on Bloomberg Radio New York

"But that's not what we're most likely to see where most likely to see asset price inflation, commodity price inflation and as the dollar comes under even more pressure. Imported price inflation and the Fed. They don't risk their credibility by not responding to that, however, to your point I think that does put upward pressure on the yoke Herb. We see a bit of a steepening bias in the year ahead and the Fed has plenty of time to respond, given their new framework, and that year over year change in core inflation on an average basis so they can retain credibility and stay sidelined. You saying that this new framework just reinforces their commitment to loose a financial conditions. For all the talk about broadening out this recovery lifting gold boats, is it still just about financial conditions? It does come down to lower for longer in emphasis on financial conditions as a way of pushing down the unemployment rate. The feds targets are their objectives in their projections for the unemployment rate has it and at 4% by the end of 2000 and 23, that's a big change from what we used to think of. As the natural rate for unemployment. This market's got it right then Ian outside of the bond market right now, this market's got it right in your mind. I would argue that the market is Rising in the realities of very low real yield environment for very long time, and that's good for asked for risk assets. That's good for consumption, especially on the back of the vaccine. Optimism we can. We can be in a world where this disconnect between equity valuations and And you are fields persist for a very long time. You've also wanted ton awards, like five years in a row for technical analysis. You're on the edge of Chris Verone in that regard. I want to talk to you about the fact is when trends move when they started usually out of catharsis. Don't see catharsis in the bond market or frankly, and many other markets except maybe Bitcoin right now, when you look at the technical charts of bonds notes Bill's yield Do you see emotion that makes a trend move. At this moment from a technical perspective. The biggest thing that we're looking at is what's the pain trade? Where are the positions and what we see is that there are a lot of people Very short in the longer into the curve. And so that bet that rates are going to steadily rise is very consensus. And for me, at least that suggests that any time we do see a re steepening effort on the part of the U occur that will lead to short covering and that will be bought the flip side being If we grind even lower, you'll see people just capitulate. So if rape crimes lower that could even further bull flatten the curve. All right, Let's talk about that. What could prompt that? In other words, what's the trigger here? I would say that you either don't have the feds shift of bond buying appropriately priced in so the way an extension being undervalued at this point, and then in that eventuality on the US called the 16th of December, people wake up and they say, Oh, yeah, we're not going to sleep in as we initially anticipated, and that's where you get that covering and that pain trade really take hold. And in the flip side is we are trading two different macro narratives at this moment, one the short term ramifications for the real economy from extended shutdowns, higher covert 19 case counts and the other being a vaccine that will bring us back to some version of normal by the second half of next year. What happens if the Short term downside is more dramatic than we're currently anticipating. I think that's where you get that full flattening that exists exacerbates the pain train. Was certainly hardly anyone trading the former story a lot of money on the latter in great to catch up in Lincoln there. BMO Capital Markets Tom on the asymmetrical risk profiles of the Treasury market right now, at least in his mind. There was no question about it. And the I like the word asymmetrical there, John. Because to me, it can cut both ways. I mean, we're not supposed to give an opinion on this. I don't have a clue what yields going to do. But I do agree that all of this public policy is dampening is you and I heard from Bob prints and Davos. I mean, that's clearly we've seen since Dabo's Prince was dead on about that. Well, I think this belief is widely shared. Lee said that if you would start to push higher feds in the game, it's going to put a lid on it. A lot of people share that view. I also think, though, that a lot of people share the view. That's opposite of what you and was saying, which is not the feds. Intervention is keeping yields lower. It's the fact that growth is going nowhere and the overhang of dead is going to keep growth very slow for the foreseeable future. And the question is how dissonant is that view with the high equity prices? It seemed to only grind higher, John Lisa Graham. It's doom Blue Day before Thanksgiving. It's almost like being black show Lulu. She always rely on their rules. E love to Lula. Eggs, chili, a little trees. Oh, I'm not so it's kind of guy. Really gloom. Just no knife. Like the spice things up a little bit past the mashed potatoes. Okay, Nice. Some cases. If the Pilgrim's words gloomy as you they would have never gotten on the boat, the Nina the beach sick to Maria Callas. You cooked the wrong bird. Now,.

Fed John Lisa Graham BMO Capital Markets US Maria Callas Chris Verone rape Ian Bill Davos Bob Treasury Dabo Pilgrim Lincoln Lula Lee
"bmo  capital" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:20 min | 1 year ago

"bmo capital" Discussed on Bloomberg Radio New York

"The US Treasury yields are slightly higher with a 10 years about 0.79%. On the commodities front. W T I oil it is higher now trades above $40 per barrel and gold is up modestly at about $1920 an ounce. Let's get some more color on the equity markets with Bloomberg stocks editor Dave Wilson Day What you looking at this morning? Well, you mentioned that NASDAQ slower Pole on one reason. Apple off half a percent in early trading. The iPhone maker stop selling headphones and wireless speakers made by others as it prepares to unveil new audio products Now Cos affected by Apple's move our Laura's well. Switzerland's logic Tech International is down 6% in US training. And so no space here in us is off 5% inventing, although higher by 1.5% CEO Jensen Wang outlined the chipmaker strategy yesterday in a speech at its annual Technology conference in response. Alice raise share price estimates at BMO Capital Markets J. P. Morgan Oppenheimer and Wedbush Fighters up one half percent. European Union regulators started an early review of a covert 19 vaccine that the drug maker is developing with Germany's bio in tech. The move may speed up the decision making and approval process. How violent tech is higher by 9% in US trading Alexey on pharmaceuticals up 2.5%. The drug made plans to raise this year's revenue forecast by more than $200 million when it post third quarter results now then increased work out to about 3.5% election. Also four case annual sales growth of atleast 10% 2025 beyond a couple of analyst calls of note Kage ends up 2%, the provider of covert 19 tests received a buy rating at Bank of America, which had been neutral in the stock and advance all the parts of 2.5%. The retailer was raised equipment by from neutral at J. P. Morgan paychecks hired by about half a percent. The payroll processors, earnings and revenue for the fiscal first quarter. Beat the average analyst estimates in a Bloomberg survey and alter Ricks up 24%. The company makes data analysis software. They raised their third quarter revenue estimates by about 12% and named director Mark Anderson to succeed cofounder Dean Stecher as CEO. I advance one biotherapeutics, on the other hand down 22 a half percent. The jug of Ember said It doesn't expect a foul for US approval of a cancer therapy this year. I haven't said it has yet to agree with regulators on tools for gauging the drug's effectiveness and we have a blank cheque deal of the day, Social capital headed Sofia three They agreed to buy a startup health insurer clothe her health investments. The deal values clover at $3.7 billion, including debt and the social capital headed Cynthia three. Is down, 10 half. Where is this? Heading? This is all original. I don't get it. I'm sure 42.85% of our listeners Don't get David and Paul, Where is this unique? Disclosure process Having Well, I mean, we've just seen a whole lot of these blank check Cos special purpose acquisition cos their spats being set up this year. You've got a record pace in terms of the amount that's been raised. And so you've got all these companies that are coming public. Like I said, This is number three for this particular group. Now the first social capital headed Sofia. But Virgin Galactic the second one is buying a realestate. Ah related company called Open Door, So you know they keep going back to the well, they keep finding targets. David. Thank you so much really appreciate the bluebird surveillance this morning. Punch about Conan Resident advisor Reassurance tax adapt to a new playing field in position your firm for growth, the business advisors from Cone resident they will help you move forward Visit Cone, Resnick. Dot com Features up seven Paul tell must talk about the Supreme Court of the United States. Today. It's the first day of the new term so that and they've got a lot of work ahead of them some big high profile cases, But probably the bigger issue is actually getting 1/9 member of to name to the court, and that is going to be a big big issue a political issue. Help us walk through everything. Otis. We welcome Kimberly Robinson's Gutenberg Law. Supreme Court reporter Kimberly Thanks so much for joining us here. Let's start with the actual composition of the court. Talk to us about how in this world of covert and covert cases in Hitting the White House and certain members of this Senate Congress. How will this confirmation proceed? What's the latest? Woke from the latest is really exactly what we've been hearing for the last two weeks. Republicans announced just yesterday that they plan to move forward with any Tony Barrett's confirmation hearing starting on October 12th. So it's full steam ahead. Despite the fact that we've seen two members of the Senate Judiciary Committee test positive for Cove it that's not going to affect these hearings were here. What are the Democrats sing as to these hearings and the timetable for the confirmation? Well, Democrats are saying that you know, not only said this wait until after the presidential election like he was saying in 2016, but that this covert situation makes things all the more important that they hold off on these hearings. The Senate Judiciary Committee, however, has been holding a remote hearings or Judges throughout this covert crisis. That's what Republicans say they're going to continue to do with the Supreme Court nomination March 20 for Washingtonpost, the senator from Ohio Rob Portman, along with Senator Durbin of Illinois, saying, We've got to do virtual. We're not going to get into the theater of the movie Lincoln that Daniel Day Lewis vehicle or anything we learned in history where Senators come out of their deathbed to vote..

United States Supreme Court Bloomberg Senate Judiciary Committee analyst Sofia CEO Apple David BMO Capital Markets Paul European Union Switzerland Virgin Galactic senator
"bmo  capital" Discussed on WLS-AM 890

WLS-AM 890

01:53 min | 1 year ago

"bmo capital" Discussed on WLS-AM 890

"Willy Wilson to Senate Candidate on connected to Chicago tonight at seven. Here on 8 90. W. L s welcome back to the wreck Cattleman show in the last couple of weeks. I ask you to consider the possibility that the government might make mandatory You get the covert vaccine or that the government prohibits you from going into the public view. Don't lot of people got upset with me over that suggestion. Well, guess what. The government right now is ordering people who don't wear masks to dig graves for people who've died of covert 19. No, not the U. S. Government, the government of Indonesia. I would never happen here. What it So okay. Our government wouldn't require you to get vaccinated. But what about your boss? Can companies require their employees to get vaccinated Hospitals already do If you work there, you've got to get the flu shot. Will other employers require you to get vaccinated? There's no law that prevents them from doing this. Your employer has the legal right to require you to be vaccinated. You have a religious objection. You might be accommodated under the Civil Rights Act. If you have a medical excuse, you could be accommodated under the Americans with Disabilities Act. But other than that employers have a legal right. To make you get vaccinated. The question now becomes Our employers likely to do it. Well, it might be social pressure or competitive pressure that Spurs them to do that down. Bar just went to every major bank in America. Bank of America, BMO Capital one Chase, Citibank, 5th 3rd, PNC, RBC Scotiabank Son Trust, US Bank and Wells Fargo. 33,000 bank branches across North America on what they discovered is that tellers of only three banks, Bank of America Chase and Citibank warm asks 100% of the time. If customers demand better safety. Imagine a bank running an ad campaign that says Hey, your.

U. S. Government Bank of America US Bank Willy Wilson America North America Senate Chicago flu Citibank Scotiabank Son Trust Indonesia PNC Spurs RBC BMO Capital Chase Wells Fargo.
"bmo  capital" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

03:38 min | 1 year ago

"bmo capital" Discussed on WBZ NewsRadio 1030

"And outdoor events. We also want to help restaurants use their space is more effectively. Bars remain closed in Massachusetts restaurants with bar seeding may now use those spaces for food service with the right distance measures in place. Boston Mayor Marty Walsh says his city will not be joining the rest of the state unseating guidelines, The governor announced that the maximum per table could go to 10. We're keeping the maximum table in the city of Boston at six. The city of Worcester will also be taking similar precautions. President Trump says confirmation of his Supreme Court nominee Amy Cockney, Barrett will go quickly. The president, speaking about the process in a Sunday press conference, She's one of our nation's most brilliant legal minds and I think she'll do very well. We're moving along very quickly. Tremendous unity in the Republican Party. It's the consequence of winning elections, which we did for substantially. Meanwhile, Democratic nominee Joe Biden is imploring the Senate to delay voting on her nomination until after the November 3rd election. To quote let the people decide. Also happening Sunday evening, a bombshell report from The New York Times as the newspaper says it's published its first in a Siri's of stories revealing President Trump's long concealed tax returns. ABC is Mark Malard reports. The New York Times says it's examined decades worth of President Trump's taxes and says they ultimately show that quote Mr Trump has been more successful at playing a business mogul, then being one in real life, The report says. President Trump paid no federal income taxes in 10 of the last 15 years, largely because his losses were so much more than what he took in Time's also says looming over the president as he seeks reelection is an ongoing IRS audit as well as $300 million in loans that will come due in the next four years. Margaret Malard ABC News and at that press conference on Sunday, The president was asked about the report, which he called quote fake news, adding that his financial disclosures would paint a more accurate figure of his finances. It will be revealed is going to come out But after the auditors after the I'm being They doing their assessment. We've been negotiating for a long time and coming up more reaction from lawmakers on the nomination of Amy Cockney Barrett to the Supreme Court what both sides of the aisle are saying stocks are coming off 1/4 consecutive losing week for the S and P, though the market headed into the weekend with a big game on Friday. Bargain hunting overshadowed continued uncertainty about a new economic stimulus programme and chief strategist Brian Belski over it. BMO Capital Markets says the market's September downturn shit really come as no surprise to anybody. September's the most volatile month of the year, the most negative of the year and third quarters, the most negative a quarter of the year. It all leads to a very positive fourth quarter. Historically, the SNP string of weekly losses is its longest since August of last year. The labor market will be in focus this week as investors The way the government September jobs report on Friday. Economists are forecasting another 850,000 jobs added for the month and a slightly lower unemployment rate of 8.2% earlier in the week, We'll see a report on home prices from S and P And a revised reading on second quarter growth Domestic product. I'm Denise Pelligrini. Bloomberg Business Son. W. B Z Boston's NewsRadio covering Brockton. Still weak Field Somerville Way Know where you Live? W B z Boston's NewsRadio ATTENTION SS I and other.

President Trump Amy Cockney Barrett president Boston Supreme Court Massachusetts Republican Party Joe Biden Marty Walsh Worcester BMO Capital Markets ABC Amy Cockney Denise Pelligrini Senate The New York Times Bloomberg Margaret Malard chief strategist
"bmo  capital" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:00 min | 1 year ago

"bmo capital" Discussed on Bloomberg Radio New York

"I'm Charlie Pellet at Bloomberg World. Hank Waters on up Friday with Tech companies leading gains in the S and P 500 as the NASDAQ 100 Index jumped 2.3%. Stocks climbed as dip buyers appeared after this week's market slide, Tempering a cloudy outlook for a US stimulus package. Brian Belski is chief investment strategist that BMO Capital Markets markets are volatile again, and people seem to forget that September's the most volatile month of the year, the most negative of the year. And third quarters, the most negative the quarter of the year. It all leads to a very positive fourth quarter. Historically, if you look at prices going back to 1945. As for the economic backdrop, Evan Brown is head of multi assets strategy of cubes. Asset management. There is kind of still this, this underlying resilient but I think in the case of the economy will remain in place as long as we're taking targeted restrictions, as opposed to Severe March April style lock down and with only a few trading days left in the third quarter. What about the growth outlook? Steven Stanley is chief economist at Amherst. Pierpont Securities. I'm up around 35% Onda consistent kind of been steadily moving in that direction, but the rebound was was faster. And more vigorous than initially expected, so the numbers are definitely going to be pretty strong for Q three. With deadlines looming, the U. S. Is fighting to impose President Trump's ban on the viral video sharing APP. TIC TAC, A federal judge in Washington has scheduled a Sunday morning hearing on TIC Tac's request Toe halt the ban hours before it's set to go into effect. S and P Up. 51 up. 1.6%, the Dow Advanced 358 points off 1.3% Now stack up 241 a gain of 2.3%. Global news 24 hours a day on air and on Bloomberg. Quick, Take power by more than 2700, journalists and analysts in more than 120 countries. I'm Charlie Pellet. This is Bloomberg. Face is balance.

Charlie Pellet Bloomberg TIC Tac Bloomberg World Evan Brown BMO Capital Markets Brian Belski Hank Waters US Pierpont Securities chief economist Steven Stanley Trump President Amherst Washington
"bmo  capital" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:21 min | 2 years ago

"bmo capital" Discussed on Bloomberg Radio New York

"The deal's value, $11 billion multi plan is owned by private equity firm Hellman and Friedman, which will remain the largest shareholder in the combined company. Then they're spartan energy acquisition of 16%. Electric car developer Fisker is going public by merging with the Spack. By the way, the ticker SPF Q on this one deal value to $2.9 billion. Spartan Energy shares jumped last week by 45% on reports about this deal. We turned in that Flix up 3.5%. BMO Capital Markets raised 12 months share process mint for the video subscription service by 25% to $625. The new target, a second highest in the Bloomberg survey, the highest was actually set Friday by Goldman Sachs. $670. Just to put those numbers in perspective. You've got Netflix trading at the moment at $567.50. Perhaps it goes up 2.5%. The soft drink and snack maker second quarter Ortiz beat Analystsaverage estimate. The Bloomberg survey sales also surpassed projections as American stocked up on comfort foods there. Also stocking up on Herbalife's nutritional supplements as it happens over like nutrition shares, up 5% 2nd quarter sales volume points, up 12.4%. The fancies growth ever and Herbalife also offered to buy back as much as $750 million of stock, and I got one more for you. Paul Carnival of 2.5%. Steeple, said the Corona virus pandemic, maybe quote a net long term positive and quote for the cruise line owner, the firm said. Carnival World merge as a leaner and more efficient company. No way that's looking well ahead. But David, I hear you reporting on stacks and analysts tripping over themselves raising price targets. It gets a lot of folks a little nervous about where we are in this market here. Understandable. I mean, what really jumps out with these blank cheque deals when you've got Bill Ackman or pursing Square Capital going into the Spack area? Basically, you know, selling shares on a bet that some big name executive will be ableto find a deal. That's really what this is about, and so is playing out today with these two spaccia mean we've seen Other deals like this over time. It's a way to go public without even happened to bother with an initial public offering, and all the times expensive goes into it. It's proven to be a more popular Rick and no questions. Asked Bloomberg slacks. Editor Dave Wilson. Thank you so much. We appreciate that, Tom. I know this is right on your radar MSI across the Bloomberg Right now. Washington Redskins announced they are retiring Redskins name it and they'll be the Cleveland Indians. Why ous? Well, it's ah time marches on. Hi Mark. It's hugely debated for decades is going in the Atlanta Braves come out with a statement saying they're not changing their name. I did not see that, but they will look into the Tomahawk chop. Okay. Okay. What do you do the red sacks. That's when I get going in swinging the headlines there and of course, I heard radical group to say earlier this morning over trademark issues. They're not talking about What the name will be down or which Truman. Do we know what the name will be down the road? You have any idea which Truman's keeper he does not know. Boomer's surveillance.

Bloomberg Herbalife Atlanta Braves Truman Washington Redskins Spartan Energy BMO Capital Markets Hellman Bill Ackman Spack Paul Carnival Netflix Friedman Fisker Ortiz Steeple Square Capital
"bmo  capital" Discussed on KNST AM 790

KNST AM 790

01:44 min | 2 years ago

"bmo capital" Discussed on KNST AM 790

"Percent in January here's a look at how the major indices finish today the Dow Jones finished down three hundred fifty seven S. and P. five hundred finished on twenty five and the nasdaq finished up one point the ten year treasury closed down seventeen basis points yielding one point one three percent oil prices closed down two dollars and then at forty five oh nine a barrel and gold prices closed down sixty four dollars and then at fifteen seventy nine an ounce in the day stock news beyond the shares dropped sixteen percent after an unexpected loss last quarter this loss came as even as quarterly revenue tripled on a year over year basis an analyst at BMO capital markets name Disney his topic noting that the stock is increasingly baking more challenges already and that any near term weakness related to the crossfire should be viewed as a buying opportunity reporter for the groomer financial group or your money matters this is Dylan Greenberg on K. and S. T. from the treason will studio your local fiduciary dot com this is A. N. S. T. E. M. seven I. art radio station Zaidi who low risk Lisa Brady fox news the health and Human Services secretary says the corona virus risk to the average American remains low so we want to be transparent but we also don't want to hyperventilate because for the average American nothing is changed in their life and the seas are also pledging a full investigation into a whistleblower complaint that HHS employees didn't have proper gear or training when they were sent to to California military bases where Americans have been sent from infected areas president trump speaking moments ago a lot of things that happened it was very well organized we have great talent great doctors great great everyone this tremendous spirit he's heading to South Carolina for a rally tonight.

Disney president California HHS Lisa Brady Zaidi A. N. S. T. E. M. fiduciary S. T. BMO capital markets South Carolina secretary Dylan Greenberg reporter analyst
"bmo  capital" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:56 min | 2 years ago

"bmo capital" Discussed on Bloomberg Radio New York

"Distinctive voice okay I was still in fed what who is it just us see none of us know Neil Young o'neill yeah okay. Sargon and you know goes along with the chart because the headline the that I use is gone too far specifically looking at the relationship between the investments in value stocks and gross stuff you know Matthew the cheapest shares relative to sales and earnings and so on as opposed to the shares of faster growing companies and it's something that Brian belski who's the chief investment strategist at BMO capital markets wrote about yesterday and his latest report and the in the care he used to kind of show what's going on is you know you've got exchange traded funds that track the S. and P. five hundred and Russell one thousand value index and their growth stock counterparts and so what he did is just look at the amount of money in those funds so total assets and just compare the two and when you run those numbers you find out who was just a couple weeks ago that the value we T. S. were trailing by more than fifty and a half billion dollars the second widest gap going back to twenty thirteen the only one was wider just you know about thirty million more in July of last year and you know what else is interesting if you look at on a percentage basis it was about twenty three percent difference and we've seen three times since room twenty thirteen that right you've seen a bomb out you know that the gap between valuing growth that sets in the way Belsky characterize it in the end is that investors have become too under exposed to value stocks that's a quote there you want a more folks sent an email I guess the charges for this because with it and everything I do going forward the email address is D. Wilson at Bloomberg dot net that's D. Wilson at Bloomberg dot net I feel like the bell at the back and forth in a tug of war between value and growth it continues Dave Wilson thank you so much for this chart the data is going to be back a little bit later on when we talk about the movers and shakers and also. his stock of the day right now though it's time for check in well the national news headlines let's toss it over the ball Carol thank you Saudi Arabia says the weekend attacks on its major oil sites were unquestionably sponsored by Iran and a spokesman for the Saudi defense ministry says despite Iran's effort to make it appear so the attack did not originate from Yemen but from the opposite direction president trump said today he's decided to increase US sanctions on Iran and speaking to reporters in Los Angeles he was asked if military action is still possible we have something well do it without hesitation. publican senator Lindsey Graham says Iran needs to learn a hard lesson that can disrupt the world I think this is a moment of testing.

Iran Dave Wilson BMO capital markets Neil Young senator Lindsey Graham Saudi defense ministry US trump Saudi Arabia Los Angeles Yemen Brian belski Matthew Belsky Russell president Carol T. S. twenty three percent billion dollars