27 Burst results for "Bloomberg Quick"
Bloomberg Radio New York
"bloomberg quick" Discussed on Bloomberg Radio New York
"Bloomberg quick tape. This is a Bloomberg business flash. Market feeling a little different today about the COVID situation on the mainland yesterday we were talking about the three deaths reported over the weekend. And it caused a little bit of consternation in equity markets, particularly if you look at what happened in Hong Kong, the hang sang at one point yesterday was down by more than 3%. We finished weaker yesterday by about 1.9%. Today, the decline is a very modest with only about two tenths of 1% being lost. The currency market different story here where we have the offshore yuan strengthening against the dollar by around three tenths of 1%. 7 spot one 5 90 against the greenback, the dollar right now week, but bear in mind the dollar did rally quite a bit in the New York session. We had a Bloomberg dollar spot index jumping about 7 tenths of 1%. It seems the market would favor the haven trade because of the concern about the potential for China to tighten COVID restrictions given what I just described over the weekend with those COVID related deaths. If you look at what's going on right now in Tokyo, the nikkei rising by around 9 tenths of 1% were about 40 minutes or so away from the lunch break in Japan, the yen is stronger here at one 41 88 stronger against the dollar by around to two tenths of 1%. Crude oil right now, catching a bid WTI was very little changed in New York. We had Saudi Arabia denying a report in The Wall Street Journal earlier that OPEC is planning to increase production by around 500,000 barrels per day when it meets next week. Now this move, interestingly, if it were to come to pass, would come a day before the EU is set to impose an embargo on Russian crude oil, where trading January crude now is the most active contract up about four tenths of 1% at 80 33. We'll take another look at market action in about 15 minutes. Head Baxter has a look at global news headlines next, Eddie. All right, thank you very much, Doug. You're focusing on the three deaths when you're absolutely right over the weekend in China, which is
Bloomberg Radio New York
"bloomberg quick" Discussed on Bloomberg Radio New York
"Daly yen, one 45, 40 weaker by about ten or one tenth of 1%. Global news 24 hours a day live and on Bloomberg quick take brought to you by 2700 journalists in a 120 countries. In Hong Kong this is Bloomberg intelligence. We're really getting into now the streamings arms race. The issues looking at that and saying we can really build a nice new trial show. In the research and data on 2000 companies and 130 industry. The dollar is the dominant content and the planet. I think the acquisition is an alternative progression of what Microsoft can do with this technology going forward. Bloomberg intelligence with LX steel and Paul Sweeney on Bloomberg radio. Over the next hour, we are going to dig inside the big business stories impacting Wall Street and the global markets. Each and every week, we provide in depth research and data on some of the 2000 companies and 130 industries our analysts cover worldwide. Today we're going to take a look at credit from business development companies to high grades worst year ever. Plus healthcare isn't immune from climate change risk. But first, let's talk about the broader market for a second. It's been a really whippy, crazy couple weeks. What does that mean for the landscape of ETFs? There's a lot to dig through in this, so we want to get to Bloomberg intelligence senior ETF analyst Eric balchunas. I'm just curious did broad stroke this, Eric. How are ETFs handling this massive volatility that we're seeing particularly when it comes to the bond market? Oh man, it's rough. So you look at most people are just buying treasuries or in particular the short end of the curve. So we call them cash like ETFs. They're taking like $38 billion this year. Treasuries overall treasury ETFs taking a $100 billion. They're all record is like 60 billion. So we're like way beyond the annual record. It's pretty ridiculous. This is part of what my manager calls the Terra trade, which is replaced Tina, which is there is a reasonable alternative to stocks. Which is basically that these treasuries now yield something. So you get more deal there, plus you are able to hide out a little bit until something is working in the equity market. So on one hand, treasury ETFs have been the big winner this year and floating rate as well. But on the other, a lot of people have come out of Bond mutual funds. They have seen 328 billion in outflows, which is a lot. Part of that is they tend to have older investors in those and I think some of them might just be done. They're not going to wait around till the fed's doing its damage. They're just taking their money out, possibly, you know, putting in the savings savings account or something for a while. But that's not a good sign because there's more money coming out of Bond mutual funds than are going into bond ETFs, meaning there's a net drain and suppression suppressive force on the bond market will be at the funds world. But that's generally the state. I would say, honestly, the Bond side has it the worst of anybody this year. So is there a sense just historical analysis Eric? The ETF fund flows, are they just concurrent with the market? Or do they lead or lag at all? It's a good question, occasionally they can be a little bit forward you can use them as an indicator, leading indicator, but mostly I think what they do is they just sort of take you into the mindset of the investor and a lot of times what I try to do is talk to people in person or on social media and I call that anecdotal data. And then I sometimes look at the flows and I find they line up a lot. And so I think the flows just give you some hard data to put next to what we all are experiencing and seeing and thinking, that's generally what they do. They also sometimes can do things like, for example, this is a really interesting year where the dollar is strong, right? So currency hedged ETFs should be getting a lot of clothes, but they're not. On the flip side, low ball is getting a lot of clothes. Those are two trades that worked in the past. The currency hedge people are not coming back in. For some reason, they're just done with that trade forever, I guess. Whereas low ball is getting a second bite at the apple. Remember, low ball was big, 5, 6 years ago. And then growth took over. Now it's popular again. So those are also some other things we can look at. We can gauge the marketplace and find out which types of strategies investors come back to after they protect themselves. And so it is interesting also just to find out what works in the fund marketplace. As well as seeing what kind of sensitive people are doing. And one of the things we do is we separate the ETFs into ETFs used by buy and hold investors like Vanguard and Schwab and ETFs by traders, like spy and the queues. And what those flows show at this tell us this year is that the trading crowd is in a constant tug of war. There's like big inflows into spy and the cues and then big outflows. And they net out to zero every month. So that's interesting. The Vanguard Schwab lane, they have been taking in money as usual. So I like to separate them out because as long as the Vanguard bid is there, at least somebody's buying, right? That's a pretty good sign. But the trading crowd has been split. They sometimes come in hard and hot and think there's going to be a rally. And then a lot of times they're burned. They get out quickly. And so those flows have been sort of their net zero, but a lot has gone into that net zero number. So when it comes to, say, you mentioned the vanguards, et cetera. From where the active actively managed ETFs, like how are they doing? How are they holding up? Well, there's all kinds, right? So the Cathy wood active, not good. That's a growth on trade. Everybody's following that. I will say, though, and I think we called this, the flows out of are not really there. They're like, she's holding her own asset wise. But the performance is bad. So she hasn't gotten a ton of new investors, which would make sense. Now, over on the Bond side, there are short duration active bond funds that are doing good. Is the JPMorgan one, which basically says, look, we'll keep the duration under a year, but we'll go and try to get you a little more yield than a money market fund. That's a popular area for active. It has been in the past and remains this year. And then, you know, I kind of consider smart beta to be active. That's like ETFs that just buy value stocks or low vol stocks, as I mentioned earlier. And those have taken in a $100 billion this year. So in many ways, active over the past ten years has gone from a discretionary manager who picks stocks as they feel like it. What they've done is they turned that into indexes. So like a value manager might have a metric system where they use, I don't know, price the book, a couple other metrics to determine what they like and a value stock. They just design indexes like that. So those which we call smart bay have taken it a 100 billion. So I like to say active is not dead. It's evolving and it's going to different places. Eric, awesome stuff. Love talking to you, Eric bell tuna's Bloomberg intelligence analyst. Coming up on the program, winter is looking good for large airlines. We'll explain why. We're listening to Bloomberg intelligence on Bloomberg radio, providing in depth research and data in 2000 companies and a 130 industries. You can access Bloomberg intelligence through BI go on the terminal. I'm Alex Steele. And I'm Paul Sweeney. It's 13 minutes past the hour, and this is Bloomberg.
Bloomberg Radio New York
"bloomberg quick" Discussed on Bloomberg Radio New York
"Bloomberg quick tape. This is a Bloomberg business flash. And I'm John Tucker, the Bloomberg newsroom with this Bloomberg business flash, the major average is little change right now the role in the green who did have a lot of weak data today that included New York manufacturing and the Chinese economy, that's all heightened concerns about the outlook for global growth just maybe the fed is gone too far, at least that's the speculation from some treasury prices gaining with the dollar, commodities from oil to iron ore, they are a tumble after that weak Chinese data today as we look at treasuries the inversion continues on negative 41 basis point difference between twos and tens. The tens of two 77, the two year yield right now at three 19, and of course a nightmare crude West Texas that is down 4% right now, $88, 46 cents a barrel. Down Jones Industrial average, up 72 points right now, that's up two tenths of a percent where 33,834. The S&P 500 is 5 points higher. That's up about a tenth of a percent at 42 85, and the NASDAQ could composite index is 49 points higher at 13,096 that's up about four tenths of 8%. But check the markets for you every 15 minutes during the trading day right here on Bloomberg radio. I'm John Tucker. That's your Bloomberg business flash, Matt and
Bloomberg Radio New York
"bloomberg quick" Discussed on Bloomberg Radio New York
"Carol masher and Bloomberg quick takes Tim Steiner from Bloomberg radio. Well, our next guest we last caught up with back in June and so much has happened since then, including key tax climate and healthcare policies, which Democrats call the largest investment in fighting climate change ever made in the United States. Shares in the alternative energy space rallied on the news this week. That includes the stock of plug power, which is up more than a 100% since mid may. Andy marsh is the president and CEO plug power, and Bloomberg markets Mike Regan and I talked with him about the potential impact of new congressional climate and alternative energy initiatives. We began though with the company's earnings release out this past week. The market was excited about plug for a few reasons. We have an electrolyzer business which takes green electricity to produce green hydrogen before even the announcements of the production tax credit for green hydrogen. We have seen bookings 50% higher for the year and we expected for the whole year. We've done 1.5 gigawatts that excite the market. I think the second item that excites the market is that our path to $3 billion in 2025 and 17% OI, even becomes brighter when you include the production tax credit that was passed. And I think on top of that, we were able to reiterate guidance for this year. And I think that made investors comfortable with the direction the company has taken. Andy, I'm wondering, is there any visibility on when you think plug power will turn to profitability either on a quarterly annual basis next few years or any sense on that? Sure. Our CFO is very clear in pronouncing that the company would be profitable in 2024. What's the take to get there? What is it just a matter of reducing R&D? And that sort of thing and seeing some of these projects just start to bring in the revenue? I would never reduce R&D. This industry is just starting, Mike. Yes. Where it's coming from is to build out of our green hydrogen network across United States. We have first mover advantage. We'll have 500 times deployed per day by 2025 in the states, 70 tons by the end of this year. It dramatically impacts our cost of fuel, which really is one of the big items in keeping us from being profitable. And we're becoming vertically integrated to make sure that we're providing it to ourselves cost effectively. And that's really one of the big items that changes how we can come statement. How do you, in terms of hydrogen and how much does it continue to be a part of our energy society? Hydrogen ultimately and Carol, these are not my numbers. These are numbers like your organization, Bloomberg. I think it will be 20% of world synergy by 20 by 2050. It's growing from growing from now. If you take a look at Walmart, where we announced a 30 tons per day green hydrogen agreement with them, that is helping them in their path to reduce their carbon footprint by one gigaton. So the real work is happening now and certainly the bill that senator Schumer and senator Manchin were instrumental in having passed will just accelerate this move in the world to agree economy. Andy, I wanted to ask you about that. How does hydrogen in general and plug powers specifically sort of fit into this inflation reduction act, which has so many perks for green energy. And on top of that, is there a risk in the midterms of some of that being undone? Well, I think that I'm going to answer your last question first. When there was an investment tax credit for fuel cells, actually the House bill had more Republican co signers in democratic cosigners. I've met with people like senator Cassidy from Louisiana. They are strong supporters of hydrogen. This act that book it's obviously center Schumer mansion who are both huge supporters has a $3 production tax credit for green hydrogen, which makes hydrogen from
Bloomberg Radio New York
"bloomberg quick" Discussed on Bloomberg Radio New York
"Bloomberg businessweek with Carol masher and Bloomberg quick takes Tim spinoff from Bloomberg radio. Grassroots boycotts and epic banking scandal and over leveraged housing developers are stoking concerns that China may be on the verge of a Lehman Brothers moment. In a story you'll find in the finance section of the magazine this week, bankers at 5 local lenders are accused of stealing billions of dollars from depositors. Businessweek markets and finance editor Patrick Nier is here to explain the crisis in confidence and the dynamics of China's rural lending system. It's actually very similar to I think things we might know of here where you have these kind of networks of local banks that are there to kind of plow money into the countryside and businesses that have kind of historically not had enough capital. Editing this story, I was really reminded of analogs to the savings and loan business here in the United States. A long time ago, very, very similar kind of situation in a lot of ways. And what some of these rural lenders were doing was they were offering people higher rates to attract deposits and some alleged bad actors got involved in this. There was a company that had a major shareholder in 5 of these rural lenders. There was essentially a scam and then that created really a mass movement of depositors demanding their money back. Penn, talked was about the trust factor here because if you need to make a lending system work at the core of it is you need that trust factor. What is at stake here when it comes to whether or not this is a system that can get recovered? Yeah, I mean, I think this is actually a broader issue in China generally. You know, this is one of a couple stories that we've been monitoring. We've also been monitoring this boycott on mortgages. Now this is a different situation, but it involves developers who've built houses that they're not delivering. So you've had a lot of consumers who've in They China were who've met really gotten with a push for,, you you know know,, there give were kind of violent clashes with security forces. I understand a lot of them were sort of clean clothes. And it looked pretty bad. And now we're kind of seeing that here are the authorities they're coming in, they're saying, you know, we're going to step in and we're going to make depositors whole and we're going to crack down on this real lending system that we had earlier kind of loosened up on in order to make capital more available. And this is that kind of seesawing that from here in New York as I edit these stories and I see them that you really see out of China is this there's both this kind of tight control and then a kind of a freewheeling consumer finance sector and authorities are always kind of trying to find like the balancing point for this. And when it doesn't work, things happen on the streets. That consumer finance is actually so crucial here because I mean didn't China have and correct me if I'm wrong pat, but didn't China have in 2015 this massive kind of retail trading boom that it never quite recovered from, I want to say, I want to say a lot of Chinese stocks are owned by the Chinese consumers. So to see it, once again, become a consumer lending story. I think it's pretty interesting when it comes to how developed Chinese markets are actually getting. Yeah, and you know, we've also seen all these issues with like wealth management products that have been heavily sold and then maybe turned out to be riskier than people thought. And then you've seen China kind of trying to decide what it wants to do with these companies that these big tech companies that have IPO Ed and suddenly start to look like both separate power centers as large companies can be, but also maybe are taking on new financial risks that the regulators are trying to get their hands around. I mean, at one point, there was an online lender through a phone app that I think was like the largest money market fund in the world. And so you have this really kind of protean dynamic consumer sector. Sometimes with a lot of envelopes being pushed, combined with state that both really wants to encourage investment, but also has its eye on social control. And then you see things kind of happen in terms of protests. Well, pat, speaking of social control, the story that you edited in the current issue of the upcoming instructions say a Bloomberg businessweek magazine, it ends with COVID zero. So we got to talk a little bit about what's going on with COVID zero. And not necessarily an update, but the weight that it's happening on the economy right now. Not just from the perspective of economic growth or lack thereof, but from the perspective of politically. And what it means for China's future in terms of leadership. Yeah, I mean, I'll be careful here because I'm not an expert on what's happening with COVID zero in China. But I do think that there is this kind of overall overlay of on top of all of this. You have the fact that China has been very strict in its COVID controls and that's creating a lot of social pressures and also constraints constraints on business. I mean, it's one of the people we talk to. It's like all this stuff is another risk getting baked into a big risk cake. In China. I mean, that big risk kick is the exact I want to say disincentive for a lot of western investors to hop back into China, this story isn't exactly supportive of that, is it? No, you know, it's tricky though. It's hard to get a view from this in some ways from outside. You know, we've seen all of these problems with evergrande unfolding last year and you look at it and you think like, well, is this China's layman moment? And then things seem to kind of move a little bit slowly after things start to look bad. And then somehow these stories kind of keep coming back. So you sort of wonder is this going to be going to go very slowly and then all of a sudden? That was Patrick neer business week's markets and finance editor with a story from the magazine. You can find it online on the terminal and on newsstands now. Our thanks to Bloomberg's creedy Gupta for joining us there as well
Bloomberg Radio New York
"bloomberg quick" Discussed on Bloomberg Radio New York
"And at Bloomberg quick take. This is Bloomberg radio. The news conference is expected at this hour following the police shooting of a black man in Ohio. Akron mayor Dan harrigan and police chief Steve milot are expected to speak about the shooting of 25 year old jaylen walker, walker was killed by officers Monday. They fired dozens of shots following a police chase, body cam footage of the shooting is also expected to be released today. Holiday travelers are dealing with more flight delays and cancellations just ahead of the 4th of July, flight aware says over 1400 flights have been delayed in the U.S. already today in more than 200 canceled airports in the New York area, Washington, D.C., Atlanta, and Chicago experiencing the most issues. In the case of drawn national attention, the man accused of shooting and killing his ex-girlfriend execution style on the upper east side of Manhattan is officially facing charges. Bob hower has more. Isaac R grove reportedly asked to meet up with Asia Johnson Wednesday, saying he had things for their three month old daughter. Instead, police believe the 22 year old shot the woman at point blank range while she was pushing a stroller with her child inside. The child wasn't hurt. Our groves being held without bail. The Florida purple alert plan is now in effect. State senator Lori Berman says it works like the amber and silver alerts, but this one is specifically for people 18 years and older, suffering from mental, cognitive, and or developmental disabilities. Often have disabilities that as part of their issues go wandering. And this alert will allow the police to immediately begin looking for those people. She says the idea came about after a constituent who was autistic and non verbal got lost and wandered into a Lake where he drowned. Many people reported seeing him walking around, but didn't know he needed help. Most of Yellowstone National Park is now open to the public after major flooding last month. Gates for the park's north loop reopened to visitors yesterday for the holiday weekend, the south loop reopened June 22nd. I'm Brad Siegel.
Bloomberg Radio New York
"bloomberg quick" Discussed on Bloomberg Radio New York
"At Bloomberg quick tape This is a Bloomberg business flash Well we've been going between games and losses for the entire session right now It's all about losses at a plunge of over 20% from the January peak yesterday Oracle has surged after its forecast suggested the effort to move its customers to the cloud is gaining momentum The S&P overall is down three tenths of a percent now down to ten The Dow is down four tenths of a percent down a 134 and the NASDAQ is down A tenth were set down 13 to ten year is down 1530 seconds with the yield of 3.41% West Texas intermediate crude is now up 1.9% at one 23 20 a barrel comics gold is down 9 tenths of a percent at 1815 60 announced the dollar Jan one 34 90 the Euro a dollar O four 12 and the British pound is currently at one 20 8 How about Elvis Presley Demand for Elvis themed weddings has bounced back in Las Vegas where I just happened to be yesterday fighting Yes last Friday afternoon The quirky chapels that hold them are on the hook apparently for a new extension Authentic brands the owner of the deceased rockstar's name and images and talks with several biggest wedding venues about imposing an angle fee of a few $100 for certificate of authenticity Is anybody out there have Elvis as their best man at their Las Vegas wedding Who got married in Vegas That's the Bloomberg business flash I didn't get married in Vegas It's time to offer up Bloomberg markets to.
Bloomberg Radio New York
"bloomberg quick" Discussed on Bloomberg Radio New York
"And at Bloomberg quick take This is a Bloomberg business lash Well stocks are down They say it's all about tech and the yield on U.S. ten years hovering near 1.65% after a private jobs reporting to get it More Americans are returning to the labor force giving traders conviction the Federal Reserve will raise rates three times this year Let's look at where the numbers stand at this most immediate moment The S&P is down a tenth of a percent down 5 the Dow is up over a tenth of a percent of 53 now of an Aztec three quarters of 1% Down a 118 ten years down 6 30 seconds the yield now stands at 1.67% West Texas intermediate crude oil is up 1.7% 78 27 a barrel comics golds up 6 tenths of a percent at 1825 ten announced with alian one 1584 the Euro one 1337 the British pound develop 35 63 BTC S a small NASDAQ listed blockchain tech focused company says it's the first to offer investors the option of receiving a dividend issued In Bitcoin the Silver Spring Maryland firm says investors will have the option to receive a cash dividend of a nickel a share or the Bitcoin equivalent based on the price on a given day the dividend will be payable march 17th by the way Bitcoin right now is up 6 tenths of a percent $46,500 That's a Bloomberg business flash Paul Sweeney and Taylor ridge continue now with Bloomberg markets All right great Jared Thank you.
Bloomberg Radio New York
"bloomberg quick" Discussed on Bloomberg Radio New York
"And at Bloomberg quick take This is a Bloomberg business flash It was a down tape for the equity market but on the positive side we finished way off the low point of the day In fact the S&P 500 seemed to have bounced off that 100 day moving average so that gave some in the market a sign for a little bit of optimism but there still remains a big cloud over the future of President Biden's economic agenda and also troubling signs where the coronavirus is concerned particularly in Europe where a couple of the biggest countries have now introduced more restrictions On the trading side volume was relatively light given the fact that it is a holiday shortened weekend When you have thin trading like this it tends to produce some exaggeration and price movement Nonetheless the Dow weaker today by 1.2% S&P 500 down about 1.1% NASDAQ composite dropping about 1.2% We heard from Nike after the bell second quarter revenue was above estimates those shares higher by more than two and a half percent in late trading and we also heard from Micron Technology with an upbeat forecast for the current quarter company manufacturers semiconductors and it shares right now higher by about 6.2% in late trading The ten year treasury last quoted in New York had a yield of 1.42% I'm Doug Chris and that is your Bloomberg business flesh You're listening to Bloomberg you sound on with Joe Matthew on Bloomberg radio Joe is out but I'm Emily Wilkins in with Jack Fitzpatrick We are going to be taking you all the way up to and weekend I believe and Christmas but.
Bloomberg Radio New York
"bloomberg quick" Discussed on Bloomberg Radio New York
"Bloomberg quick take This is a Bloomberg business flash We're hearing from Nike after the bell the company reported revenue for the second quarter of 11.36 billion That was above estimates And if you look at the stock in late trading right now shares are higher by about two and a half percent Generally speaking the equity market was on the back foot today a lot of concerns here not the least of which the future of President Biden's economic agenda it's in doubt now after senator Manchin basically rejected the current build back better plan his package is worth roughly 2 trillion and bat Manchin's position essentially precipitated to move on the part of economist at Goldman Sachs to reduce their forecast for U.S. economic growth in the year ahead If there is a bright spot for the equity trade today it's that the S&P bounced off of that 100 day moving average Yes we were lower but off the session lows S&P today down about 1.2% The Dow weaker by more than 1.2% and the NASDAQ composite also off about death A little more than 1.2% But these small cap space was hard hit with the Russell 2000 today dropping about 1.6% Trading volume light we have a holiday shortened week We also had a big drop in crude oil today with WTI falling more than 3.7% We closed New York trading at 68 23 and in the bond market ten year treasury last quoted in the yield of 1.42% I'm Doug Chris and that is your Bloomberg business flash.
Bloomberg Radio New York
"bloomberg quick" Discussed on Bloomberg Radio New York
"Bloomberg quick take This is a Bloomberg business lash From Bloomberg world Hank waters I'm Charlie pelos choppy session We've got the Dow the S&P on the minus side And NASDAQ pushing higher volatility gripping markets investors bracing for a rebalancing of the S&P 500 and the expiration of equity derivatives stock moves being magnified by intense activity in options trading potentially making today one of the busiest days of the year Right to the numbers because we've got NASDAQ up 73 now a 5 out 5 tenths of 1% has been all over the place today lower last update but right now hire by 70 The S&P down 14 drop now of three tenths of 1% The Dow remains lower down 314 a drop there of just about 9 tenths of 1% The NASDAQ 100 index of two tenths of 1% the Russell 2000 up 1.4% ten year up one 32nd with a ten year yield right now 1.4% Gold up two tenths a 1% up two 85 ounce to 1802 and West Texas intermediate crude oil is down 2.4% 70 66 a barrel Airline stocks are all moving higher today but they have been under pressure amid rising COVID case counts and helene Becker senior research analyst at Cowen and company told us this morning on Bloomberg surveillance a lot of the bad news around the airlines has already been priced in We saw a record Thanksgiving traffic domestic leisure is above pre-pandemic levels Pricing is above fourth quarter 19 levels We are going to see very strong revenue This quarter And it's going to be partially offset by inflationary pressure and wages and fuel for sure But fuel costs aren't even as high as we thought they were going to be So they've come down a little bit Cowen's helene Becker among some of the airline names UAL up by 3% American Airlines group up 3.7% delta 3.2% southwest up by 1.2% Stocks mix S&P down three tenths I'm Charlie.
Bloomberg Radio New York
"bloomberg quick" Discussed on Bloomberg Radio New York
"Bloomberg quick take this is a Bloomberg business flash Mark of action likely to be dominated by the Federal Reserve and J Powell landing a bit of clarity out there certainly saying that they're going to be tightening their monetary policy without trying to derail economic growth We've got most Asian equity markets looking set to for gains following hot on the heels of what we saw on Wall Street that owned up Wednesday where we saw some solid gains looking at that Divers up every 1% S&P 500 one point six percent there as well in the NASDAQ putting in a good showing 2.1% to the upside Well here in Asia we at the moment just a little bit of weakness there for the Australian market because the ASX broadly unchanged but just down a fraction 73 23 there in Sydney looking into futures for the hang seng in Hong Kong and the nikkei in Tokyo Really at the moment of a mixed bag as it were looking perhaps at a steady start with creatures is climbing a little bit there as well There are concerns of course in China but more U.S. sanctions on companies We got at the same time tech shares doing well will that feed through and perhaps a stop by the overall declines possible for equity markets in this neck of the world Of course all down to the fed saying it will double the pace at which it tapers bond purchases to $30 billion a month and projected three quarter point interest rate increases next year And that is a look at markets Right let's get to some of those world news headlines Let's get strict in San Francisco during Ed backstage I wish China.
Bloomberg Radio New York
"bloomberg quick" Discussed on Bloomberg Radio New York
"And at Bloomberg quick take This is a Bloomberg business lash From Bloomberg world Hank waters I'm Charlie Pelosi down Monday with a lot of the losses coming in the final few minutes of trading stocks closed at the lows of the session the S&P down 43 points a drop of 9 tenths of 1% The down 320 also down 9 tenths of 1% NASDAQ down 217 down 1.4% that has stacked 100 index dropped one and a half percent Today traders were weighing the potential impacts of less generous monetary settings amid coronavirus challenges and lofty equity valuations Ten year yield 1.41% spot gold at 1786 the onslaught West Texas intermediate crew dropped 5 tenths of 1% 71 29 a barrel Recapping stocks lower S&P down 43 a drop of 9 tenths of 1% I'm Charlie Pablo that is a Bloomberg business flash You're listening to Bloomberg sound on with Joe Matthew on Bloomberg radio After all the talk about Joe Manchin in the role he's played in this debate for months often controlling the narrative It seems to me that If the bill passes it build back better actually passes Congress President Biden should hold the signing ceremony on Joe Manchin's.
Bloomberg Radio New York
"bloomberg quick" Discussed on Bloomberg Radio New York
"At and at Bloomberg quick take He's a Bloomberg business lash Bloomberg world Hank waters I'm Charlie pellet final trading session of the week We are on track for the third week of games for the S&P 500 Index right now on the week up by one and a half percent Today however equities are falling after the chairman of the Federal Reserve Jay Powell signaled some concern about inflation Powell and remarks carried live on Bloomberg radio and television said global supply chain constraints and shortages that have led to elevated inflation are likely to last longer than previously expected likely well in to next year S&P down now by ten a drop of two tenths of 1% the Dow up 48 that Al Jones Industrial average up one tenth of 1% and as stack composite index down a 149 points down by 1% but as that 100 index also down by 1% Ten year yield 1.65% spot gold up 5 tenths of 1% 1792 the albums and West Texas and immediate crude oil up 1.3% 83 55 now for a barrel of West Texas enemy accrued A busy week for earnings is behind us we heard from a lot of big airlines this week including united American and southwest so what about the broader outlook for the industry Elaine Becker is an industry analyst with Cowen I think it's going to be a lot better than it is now We're still in that transition phase Which we expected would last I actually thought it would last three to 5 years and for domestic recovery Of course I wasn't counting on the government giving people a lot of money And I think the stimulus is obviously helped travel Usually if you have time you don't have money and if you have money you don't have time Sky west for the largest U.S. regional airlines suffered an internal technical issue that caused about 700 flight cancellations yesterday with additional operational issues spilling into today sky west shares a down 1.6% And that's a Bloomberg business flash This is Bloomberg businessweek Inside from the reporters and editors who bring you America's most trusted business magazine Plus global business finance and tech news as it happens Bloomberg business week with Carol messer and Bloomberg quick takes Tim's ten of it on Bloomberg radio All right here we go push the button red lights on We are going right It is for us Hey.
Bloomberg Radio New York
"bloomberg quick" Discussed on Bloomberg Radio New York
"Day at Bloomberg com. Bloomberg Business at and at Bloomberg, Quick Take is a Bloomberg Business Flash bomb. Bloomberg World Headquarters. I'm Charlie. Mixed messages on the recovery Stocks sold off down five days in a row. Now for the S and P 500 index today, the S and P dropped 34 points down 8/10 of Percent. The Dow down 271 also down 8/10 of 1%, while NASDAQ declined 132 points down by 9/10 of 1% Tender down 13 30 seconds. 10 Year Yield 1.34% Spot gold 4/10 of 1% Drop $7 accounts 17 87, West Texas and media crude down 2.3%. 69 72 barrel broad based losses. NASDAQ 100 Index Down 8/10 Russell 2000 Down 1% transports down by 5/10 of 1%. For the holiday shortened week. Yes, and he this week down 1.7% Apple Biggest decliner in the Dow apple today Down by 3.3%. I'm Charlie Callas Dash is a Bloomberg business Flash. Right? You're listening to Bloomberg Sound on with Matthew on Bloomberg Radio. Thanks for joining us for the fastest our in politics as we focus today, this eve of the anniversary. On what we've learned the past 20 years and how the threats against America are evolving..
Bloomberg Daybreak Europe
TEST 3 Been able to do without those three minds coming together and solving a problem <Advertisement>
"Been able to do without those three minds coming together and solving a problem is one rather than solving it in isolation and jit New Jersey Institute of Technology Learn MORE AT N J I t dot e d u Broadcasting 24 hours a day at Bloomberg Com on the Bloomberg business APP and at Bloomberg Quick Take This is Bloomberg Radio. This is Bloomberg. Daybreak Europe. We expect economic activity to accelerate in the second half of this year, you could probably waiting until the autumn for a potential first adjustment. The national approach has been working when it comes to restrictions, the warning that there can't be a national recovery without a London recovery. This relationship between the US and the UK it's
Bloomberg Daybreak Europe
TEST 2 Been able to do without those three minds coming together and solving a problem <Advertisement>
"Been able to do without those three minds coming together and solving a problem is one rather than solving it in isolation and jit New Jersey Institute of Technology Learn MORE AT N J I t dot e d u Broadcasting 24 hours a day at Bloomberg Com on the Bloomberg business APP and at Bloomberg Quick Take This is Bloomberg Radio. This is Bloomberg. Daybreak Europe. We expect economic activity to accelerate in the second half of this year, you could probably waiting until the autumn for a potential first adjustment. The national approach has been working when it comes to restrictions, the warning that there can't be a national recovery without a London recovery. This relationship between the US and the UK it's strong. It's got very, very deep roots. It'll stay strong. Bloomberg Daybreak Europe on Bloomberg Radio. Good morning from London. I'm Ana Edwards. And I'm Roger hearing in your listening to Daybreak. Europe live on London Digital radio, and we checked the markets for you every 15 minutes here on Bloomberg radio. So let's get straight to that, Shall we? European equity markets, then Roger up by 3/10 of 1%. Not so for the London market fairly flat, actually in London, but elsewhere. We're making some better gains on the major markets to the cat around up by 4/10 of a percent. This after tax up by an eight the first email also up by 2/10 of a percent, and, in fact, the IBEX now joining the footsie and being a little lackluster today, down by 1/10 of a percent over in Madrid, US futures point to something flats are positive up by around an 8% on E Minis, Dow futures and NASDAQ futures pointing higher by around 1/10 of a percent. The S E. Asia Pacific index entirely flat are not giving us a great deal of of momentum as we move into the European session but actually allowing the European session to reflect on to Sort of converging and divergent forces that we have driving things right now. On the one hand, there's a concern around clamp down on so called vice stocks in China that's weighing on the Hong Kong market. There's also concern about the spread of the delta variance in China, and we know the reaction function that that then could prompt from Chinese authorities. So there's concern about growth in China. All of that sounds pretty negative, but that rubs up against what's been a fairly solid earnings season. Four European corporate in a number of European companies upgrading their guidance. And even those in the sectors where they're concerned around Chip supply shortage the messages that they want to be able to produce more so there's a lot of positive narratives coming out of the earnings season. And that seems to be taking the limelight so European equity markets edging higher this morning at the oil price, recovering a little bit from some of its earlier weakness. 70 44 is where we trade on brands up 1/10 of a percent. The U. S 10 year yield. It was down as low as 1.13%, then moved a little higher on some comments that were perceived as a little more hawkish from Clara during the feds were 1 18 on the 10 year yield. Right now, the dollar flat to negative so down by around 10 per cent on the Dollar Index and the Bloomberg Dollar Index the pound little stronger on Bank of England today, Roger Well, speaking of the Bank of England, it is decision day today, and one question will be course which central banks going to be the first to the Taper Trigger? Will Bank of England policymakers seem likely to favour patients? Michael Saunders is set to be perhaps alone dissenting voice. They're calling for an immediate end to the bond buying program. Let's bring ourselves Up to speed because we can go straight to the bank outside the bank. In fact, Bloomberg's UK economy reporter Lizzie Burton joins us now, Lizzie Good morning and thanks for being with us. What are we expecting from the Bank of England today? The drugs are set to dominate. Today. We're expecting a unanimous vote to keep interest rates on hold at North 0.1% and I'm bond buying a 71 split with Michael Saunders. This time, as you say the sole dissenter in favor of ending stimulus early he'll take the hawkish man told that Chief
Bloomberg Radio New York
"bloomberg quick" Discussed on Bloomberg Radio New York
"At hand at Bloomberg Quick Tape this He's a Bloomberg business Flash Blumberg World Headquarters. I'm Charlie. We move into the final are trading on this Wednesday, June 2nd with the Dow, the S and P higher, no Stack and the NASDAQ 100 Index both lower. Right now, the S and P s up two points. Little change. That's the key takeaway in today's trading right now, off less than 1/10 of 1%, the Dow off 21 also up less than 1/10 of 1% as stack on the minus side now down 12 and drop their of 1/10 of 1% equities bareback earlier games has the tussle between economic optimism and inflation concern continued to play out in markets. Then you yield 1.58% gold up 4/10 of 1% 19 owes 70 ounce and west Texas intermediate crude Now up 1.5% W t. I is that 68 72 a barrel Federal Reserve says the labor market is on the mend. Does. Wall Street awaits this week's employment report and that story years? Bloomberg's video Down Jude Ice Economic Growth is perking up. Beige Book survey says businesses are hiring again amid optimism about the post paint Democrat Look, though, for now there aren't enough people to fill the gaps. But that's assessment. Such the stage for Friday's employment data and economists are forecasting Maze unemployment rate. Probably Defillo 6% Vinny Del Giudice Monberg radio. Movie theater chain, AMC Entertainment Holdings has announced that it will reward small time investors who have been instrumental in AM sees wild logic, defying a share rally this year with goodies such as special screenings and free popcorn. Okay, We've got AMC popping higher up now by 94%. So far this year stock is up by more than 2800%. Tesco shares. They are on track for their biggest decline in three weeks, sitting out the broader markets games today after evey sales showed the company lost global market share in April. Tesla, now lower by 3%. I'm Charlie Public. That is a Bloomberg business Flash. This'll is Bloomberg Business Week with Carol Measure, and Bloomberg Quick takes Tim's 10 of it on Bloomberg Radio Folks We'd like to do daily check on the virus and the vaccine rollout and one headline that just crossed catching our attention..
Bloomberg Radio New York
"bloomberg quick" Discussed on Bloomberg Radio New York
"And Bloomberg Quick takes Tim instead of it from Bloomberg radio. Okay, so before we were talking about the price of game stops stock every day, we were doing the same thing with Big Coin. Carol Remember, it ran up 305% in the last year, and it's a rally again this year. Yet Remember in December. It's like every day. It's like, okay, Here's where Bitcoin is. Here's where, you know, moved in the last day, and this week Elon musk support for Bitcoin and a record run up Andy Thor help take the market value of digital tokens to an all time high. Which is why one listener said to me, you have got to get on Michael Saylor, chairman, CEO and founder, MicroStrategy who has been as we know Tim buying a Bitcoin in the last year or so. He joined you. Along with Bloomberg Intelligence Commodity strategist Mike McGlone, who covers Bitcoin. Michael Saylor began by talking about his holdings and that buying spree We've invested all of our free cash and we've borrowed $650 million, so I don't know 200% of our balance sheet. Something like that, But But we're up about 1.2 billion since we started buying so So we have a lot of Bitcoin in terms of our strategy. We were buying it a 10,000. We're buying it at 11,000. We bought it. 19,000 and 21,000 and 31,000. I announced to the world that we bought our last batch of $10 million worth of 33,800. I think we'll be buying it forever. Forever. What? Where do you see it going? Quiet. Well, yeah, we know we do You like it? Where do you see the value going? We've had, you know, various guests come on, and Talk about a quarter of a million dollars. Where do you see it.
Bloomberg Surveillance
Pfizer to supply U.S. with 100 million more vaccine doses
"With the U. S to provide millions of vaccine doses to Americans in the first half of next year. Wiser said it would supply the United States with enough Corona virus doses to vaccinate 100 million Americans. There are already millions of doses of the visor and now Madonna vaccines in circulation. At last check the U. S had vaccinated less than 700,000 people. Dina Brown University's school of public health doctor, She's John says That's something to keep an eye on over the next several weeks. I'm hoping that pace picks up this week and next, But if it doesn't I think we're gonna start getting concerned about whether we can get all these vaccines out to people. Quickly, you know or not. As for holiday traveled. The essay is screening more than four million people since Friday live from the Bloomberg Interactive Brokers Studios. This is global news 24 hours a day on the air and on Bloomberg Quick take power by more than 2700, journalists and analysts in more than 120 countries on Michael Barr, and this is Bloomberg.
Masters in Business
The Dow is up more than 200 points again as stocks re-rally late Friday
"In the S and P 500 rose three up for every to there were down. DowJones Industrial Average advanced on rallies and Nike, Tao and Caterpillar. The Dow was up. 131 points up 5/10 of 1% as skimpy little changed up one point up less than 1/10 of 1%. NASDAQ Down 66 a drop of 6/10 of 1% Global News 24 hours a day on air and on Bloomberg Quick, Take power by more than 2700 journalists and analysts and more than 120 countries. I'm Charlie Palace. This is Bloomberg
Fox News Sunday
TikTok to challenge Trump’s order to ban U.S. transactions
"To file a lawsuit against the Trump administration to challenge its executive order banning transactions with the video app in the US Tic Tac said yesterday. It strongly disagreed with the concerns that are raised by President Donald Trump and will challenge the executive order in court. Tic Tac's employees are also responding with a lawsuit against the proposed ban. And they're using a crowdfunding campaign to raise money for their legal expenses. Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700, journalists and analysts in more than 120 countries. I'm Susanna Palmer. This is
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"All of the world twenty-four hours a day and bloomberg.com on the Bloomberg business app and and Bloomberg quick take is Bloomberg Radio losing Bell. Wrong with the world headquarters on Charlotte, There was a down day on Wall Street Stock slumped Airlines and hotels particularly hard hit amid signs at World economy has a long way to go to get back on track down for the closing bell at the New York Stock Exchange almost four shares fell on the S&P 500 index for everyone the gained the tech-heavy NASDAQ gauges dropped off a record intraday high in the afternoon a losing session there at or near session lows has some peace about 34 points down 1.1% NASDAQ retreating from yesterday the record down eighty nine point to drop of nine tenths of 1% the downtown 396 points down one and a half percent lot of those losses really coming in the past fifteen minutes of trading the year of 12 30 seconds with the
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"All of the world twenty-four hours a day and bloomberg.com on the Bloomberg business app and Bloomberg quick take is Bloomberg Radio losing Bell. Wrong with the world headquarters on Charlotte, There was a down day on Wall Street Stock slumped Airlines and hotels particularly hard hit amid signs at World economy has a long way to go get back on track down for the closing bell at the New York Stock Exchange almost four shares fell on the S&P 500 index for everyone the gained the tech-heavy NASDAQ gauges dropped off a record intraday high in the afternoon a losing session there at
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"Hours a day and bloomberg.com on the Bloomberg business app and Bloomberg quick take is Bloomberg Radio losing Bell. Wrong with the world headquarters on Charlotte, There was a down day on Wall Street Stock slumped Airlines and hotels particularly hard hit amid signs at World economy has a long way to go get back on track
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"All of the world twenty-four hours a day and bloomberg.com on the Bloomberg business app and Bloomberg quick take is Bloomberg Radio losing Bell. Wrong with the world headquarters on Charlotte, There was a down day on Wall Street Stock slumped Airlines and hotels particularly hard hit amid
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"All of the world twenty-four hours a day and bloomberg.com on the Bloomberg business app and Bloomberg quick take is Bloomberg Radio losing Bell. Wrong with the world headquarters on Charlotte, There was a down day on Wall Street Stock slumped Airlines and hotels particularly hard hit amid signs at World economy has a long way to go get back on track down for the closing bell at the New York Stock Exchange almost four shares fell on the S&P 500 index for everyone the gained the tech-heavy NASDAQ gauges dropped off a record intraday high in the afternoon a losing session there at or near session lows has some peace about 34 points down 1.1% NASDAQ retreating from yesterday the record down eighty nine point to drop of nine tenths of 1% the downtown 396 points down one and a half percent lot of those losses really coming in the past fifteen minutes of trading the year of 12 30 seconds with the yield of .63% gold of twelve dollars an ounce of $0.07 1% $17.90 an ounce and West Texas intermediate crude down to 7:10 to 1% off.