40 Burst results for "Bloomberg Radio"
Bloomberg Radio New York - Recording Feed
Monitor Show 16:00 11-14-2023 16:00
"Download the DraftKings Sportsbook app now and use code IHART. New customers can get $150 instantly in bonus bets for betting just $5 on basketball. Only on DraftKings Sportsbook with code IHART. The crown is yours. Gambling problem? Call 1 -800 -GAMBLER or visit 1 -800 -GAMBLER .net. 21 and over. Age varies by jurisdiction. Void in Ontario. Bonus bets expire 168 hours after issuance. See sportsbook .draftkings .com slash basketball terms for eligibility and deposit restrictions, terms and responsible gaming resources. Some of the softness that you are seeing in a lot of the manufacturing chemicals and manufacturing products here, and that's a sign here that we could see some more broader economic softness overall. Alright, see lubricants. They're important. Let's be careful, Carol. Let's walk through the numbers here on this Tuesday afternoon. A good day all around with the Dow Jones Industrial Average up almost 500 points, or about 1 .4 % here on the day. The S &P 500 higher by about 84 points, just a smid shy of that 4 ,500 level that it did trade above. It's going to close right around 4 ,495 and change here. That's higher by about 1 .9 % here on the day, best day for the S &P. Going back to January and the NASDAQ up about 2 % or 326 points above that 14 ,000 level. But we've got to talk about the Russell 2000, guys, because it was a phenomenal day for the Russell. A 5 .4 % gain on that index. Not only is that the best day going back to November of last year, but when you talk about the outperformance relative to the rest of the market here, and this has really been the bugaboo for so long, Carol, the idea that the Russell, the small caps, even the mid caps were not keeping pace with some of those outsize gains we had earlier this year, well, at least for today, those names are getting into the spotlight. Yeah, very, very telling. You've now got the Russell in the green year to date. It's up just about 2 % here. I just want to say, if you look at the S &P 500 remain, I mean, really broad based, and we know this, right? We've got almost roughly about 466 names to the upside today.
BTV Simulcast
Fresh update on "bloomberg radio" discussed on BTV Simulcast
"World's most prominent voices. There's a reasonable probability of a soft landing. Bloomberg Wall Street Week. Subscribe today on Apple and Spotify and everywhere you get your podcasts. Bloomberg Radio. Context changes everything. The Bloomberg Business of Sports Podcast. Where the money is flowing inside around sports the globe. Balance of power in F1 might be shifting. We take a look at mixed martial arts. Who is the next U .S. emerging rugby star? Michael Barr, Scarlett Fu, and Damien Sessauer take you outside the decisions that power this multi -billion dollar industry. We talk tech and golf. Bloomberg Business of Sports. Subscribe today on Apple, Spotify, and everywhere you get your podcasts. Bloomberg
Bloomberg Radio New York - Recording Feed
Monitor Show 15:00 11-14-2023 15:00
"I don't like you, because you can prescribe yourself. Oh, wait a minute. They're going to get up again. Hold the mic. You have time. This is what the American people are seeing today instead of an effort to fund the government, which apparently also will happen before this day is over. Yeah, about an hour and a half, Joe. 420. Is there another one? There was a third one, right? That's the vote. Yeah. We'll talk about it on Balance of Power later. Meet Kayleigh and I, Balance of Power, Bloomberg TV, five o 'clock, because Bloomberg Business Week starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act, this is Bloomberg Radio. This is Bloomberg Business Week, insight 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 Karol Masur and Tim Stenebeck on Bloomberg Radio. And a very good afternoon, everybody, live from the Bloomberg Interactive Brokers Studio on YouTube and Bloomberg Originals, Karol Masur, Tim Stenebeck, Tuesday, November 14th. Everything is totally awesome. Yeah. I mean, as long as CPI comes in just a tenth of a percentage point below what analysts had expected, Karol. But everybody was expecting another maybe, you know. Then it's all good. I know. It's all good. Hey, listen, check it out. I mean, S &P 500 rally on track for its tenth day to close above its 200 -day moving average markets and a Fed that could be possibly, maybe, let's ask, Alice in Wonderland could be done. I don't know. But it's top of mind this Tuesday. We're going to get into the trade in just a moment. One thing, though, Tim, worrying global investors or has certainly been on the minds of U .S. investors, maybe everybody, is U .S. bonds and the U .S. fiscal house specifically. So on that, we are expecting a U .S. house vote on a temporary funding plan later today. Folks, we're not done yet.
BTV Simulcast
Fresh update on "bloomberg radio" discussed on BTV Simulcast
"Challenges across industries and geographies. Bloomberg's ever expanding technology data news and media services foster innovation, empower clients and offer nearly limitless opportunities for career growth. Bloomberg Visit .com slash careers today to view our current job opportunities. Bloomberg LP is an opportunity employer. The address once again is Bloomberg .com slash careers. This is Caroline and I'm Ed Ludlow. Join us for Bloomberg Technology, a daily podcast focusing exclusively on technology, innovation and the future of business. We bring you the latest headlines from text top companies and conversations with the industry's biggest decision makers. We will have to show our own productivity gains. Privacy is a hugely important issue for us. We have been investing in AI for a really long time. Bloomberg Technology. Subscribe on Apple, Spotify and wherever else you get your podcasts. Bloomberg Radio. Context changes everything. The global leader in business and financial news is now live on YouTube. Is this accounting achievement? This is brilliant. Watch Bloomberg Radio all day. The autocracy of market movers. Let's get to it. For market news, conversation and insight from Bloomberg's signature radio shows, surveillance markets, sound on business week. We've got a rally in stocks. Oxus is a market that's much more bullish. Bloomberg Radio. Watch us every business day. Live on YouTube. Search Bloomberg Global News. Bloomberg Radio. Context changes everything. what The new Binance CEO, Richard Tang, says he's in no rush to reshape the company's top leadership team. He told us more about how the company plans to move on from its legal troubles after the
Bloomberg Radio New York - Recording Feed
Monitor Show 14:00 11-14-2023 14:00
"Business stories aren't just about business, they're also about policy, politics, finance, and more. With Bloomberg, you stay informed on global coverage that connects the dots. The Bloomberg mobile app now features Apple CarPlay and Android Auto, so you can get the latest live radio, podcasts, and audio articles in the car. Download the Bloomberg mobile app now to get started. Find it in the Apple App Store or on Google Play. Bloomberg in -car apps are sponsored by Interactive Brokers. All right, fascinating conversation there, courtesy our colleague, Shonali Basak, with CEO Ken Griffin from Citadel in Miami. I'm Joe Matthew in Washington, alongside Kaylee Lines, and this is Bloomberg Sound On, starting a bit late today. I guess it's the fastest hour in politics once again. Kaylee, it's great to see you. I could listen to him all day, whether you agree with him or not, he just has a way of kind of capturing you with the way he speaks. We covered a lot of ground there and was steeped in politics for a lot of the conversation as well. Yeah, a lot of fiscal questions. Of course, as we're having this funding debate here in Washington, Ken Griffin essentially saying that if you look at the market, it is telling us that we cannot run annual fiscal deficits in the magnitude that we're running. Then he went on to say that, look, we're in an election year, however, so it's very unlikely that fiscal policy is actually going to tighten because that's just politically really difficult. And of course, that's on the domestic side. He had a lot to say on geopolitics as well, Joe. That's for sure. We got into China, as you would expect. I was kind of taken by the Nikki Haley conversation. He sounds like he's warming up to the former governor of South Carolina, but we'll talk a lot more about it as we make our way through the day here on Bloomberg and through this hour with myself and Kaylee, because we've got news here, Kaylee, in just a couple of hours, there's going to be a vote on the house.
Bloomberg Radio New York - Recording Feed
Fresh update on "bloomberg radio" discussed on Bloomberg Radio New York - Recording Feed
"Interactive Brokers charges USD margin loan rates from 5.83% to 6.83% rated the lowest margin fees by stockbrokers.com. Their clients can also earn extra income by lending their fully paid shares of stock. Join Interactive Brokers clients from 200 plus countries and territories to invest in stocks, options, futures, funds and bonds on 150 global markets. Great subject to change. Learn more at ibkr.com slash compare.This is public daybreak, Middle East and Africa. Our top stories this morning. Down under the wire, Israel and Hamas agreed to extend their truce as they exchanged more captive. One of China's largest investment banks is warning its analysts against making any bearish calls and to avoid showing off their lavish lifestyle. Oil trading lower ahead of today's OPEC plus meeting. The group continues talks to resolve a deadlock on production quarter. Plus, the South African reserve bank says lenders have suffered amid high interest rates and announces plans to raise capital buffers. More on that later this hour. It is a busy morning for us here, but it is just past nine a.m. across the Emirates seven a.m. in Johannesburg. I'm Jennifer's office. And I'm using community in right here alongside you. I want to get straight to the Fed being maybe in a sweet spot, and that's helped the bond market, hasn't it? Let's take a look at the cross asset pulse on the S and P 500, meaning we are currently called a little bit higher, about a tenth of 1% U.S. tenure yields are at 427 and then the euro dollar.
Bloomberg Radio New York - Recording Feed
Monitor Show 13:00 11-14-2023 13:00
"Business stories aren't just about business, they're also about policy, politics, finance, and more. With Bloomberg, you stay informed on global coverage that connects the dots. The Bloomberg mobile app now features Apple CarPlay and Android Auto, so you can get the latest live radio, podcasts, and audio articles in the car. Download the Bloomberg mobile app now to get started. Find it in the Apple App Store or on Google Play. Bloomberg in -car apps are sponsored by Interactive Brokers. May here, is that something that is a January event or, I mean, some people have even suggested this could go as late as April 30th. Well, yeah, you might be referring to that 1 % across the board cut that would take effect. That's a motivator potentially to get something done. It's just really hard to tell because the speaker is so new and there's still so much discord within the Republican conference. There's just no appetite to see the government shut down here. Everyone's kind of looking at what everybody else is doing. Paul, look, there's the matter of the Senate. I don't want people to believe that this is a done deal. This could still totally go off the rails. The Senate has its own continuing resolution and it's pretty different from the House's. If they want to go into conference committee and drag this thing out, we would probably shut down for a couple of days. If the Senate says, okay, you know what? We're just going to put a stamp on whatever you guys do in the House and that appears to be where we're going, then this will once again see a shutdown averted. But look, we need a budget for more than a month around here. And that's going to be difficult to do. We've got the matter of Israel and Ukraine as well. Yeah, billions, tens of billions in funding the White House asked for. There's no path for either of those. Paul, I'm wondering if we're going to go into the new year without that money being resolved. Yeah, that's a that's a key one of the many challenges here. All right, let's switch gears a little bit to think about foreign policy. President Biden heading out to San Francisco. He's going to sit down with President Biden.
The Big Take
Fresh update on "bloomberg radio" discussed on The Big Take
"Is wellness made easy. Walgreens Vaccines subject to availability. State age and health related restrictions may apply. Global Leader in Business and Financial News is now live on YouTube. Is this a crowning achievement? This is brilliant. Watch Bloomberg Radio all day. Is it exactly what the Fed wants to see? For Market News, Conversation and insight from Bloomberg's signature radio shows, surveillance, markets, sound on and business week. We've got a rally in stocks. This is a market that's much more bullish. Bloomberg Radio. Watch us every business day live on YouTube. Search Bloomberg Global News. Bloomberg Radio. Context changes everything. This is the Bloomberg Real Estate Report brought to you by realtors, leading with expertise, following a ethics. code of That's the realtor difference. Well, guess where more people are moving to than from these days. You could have Nashville to that list again for the first time since 2021. Redfin also says Nashville was the ninth top migration destination in the nation in October, especially with all the people moving from Los Angeles to Nashville. Affordability and also jobs a factor for
Bloomberg Radio New York - Recording Feed
Monitor Show 12:00 11-14-2023 12:00
"Business stories aren't just about business, they're also about policy, politics, finance, and more. With Bloomberg, you stay informed on global coverage that connects the dots. The Bloomberg mobile app now features Apple CarPlay and Android Auto, so you can get the latest live radio, podcasts, and audio articles in the car. Download the Bloomberg mobile app now to get started. Find it in the Apple App Store or on Google Play. Bloomberg in -car apps are sponsored by Interactive Brokers. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Markets with Paul Sweeney and Matt Miller. Why were the economists so wrong? What are the economists getting wrong? Isn't this a slam dunk time to buy U .S. treasuries? Soft landing, hard landing, no landing. I don't know. True. What the heck does that mean? I don't know. Breaking Market News. An insight from Bloomberg experts. We're going to be in an environment with higher rates for longer. The five day in office work week is effectively dead. It's definitely a good sign that we're not ready to land this economy just yet. This is Bloomberg Markets with Paul Sweeney and Matt Miller on Bloomberg Radio. All right, coming up in this hour, we're going to break down those Home Depot earnings. We do that with Drew Redding. He's a research analyst, covers all the builders and all that adjacent stuff where Bloomberg Intelligence. Plus, we're going to have our C -suite conversation today with Jerome Silvain, CFO at Dexcom. Talk about that company, its initiatives in healthcare, specifically for diabetes. Dude, they've done well, even in the face, at least yesterday, in the face of the Ozempic results. I thought it was really interesting that that stock was able to rally. They were up almost 5 % yesterday.
The Big Take
Fresh update on "bloomberg radio" discussed on The Big Take
"The tie -up would likely face antitrust hurdles. In Washington, and Kate's Bloomberg Radio. Let's check the markets. The Hang Seng Index is trading up about two -tenths of one percent. Thirty -four points higher. The CSI 300 is up a quarter of one percent. The Nikkei is trading flat. A dollar yen, 147 .10. And the yield on the ten -year U .S. Treasury, 4 six percent. Global news 24 hours a day and whenever you want it with Bloomberg News Now. This is Bloomberg. You're listening to Take the Big Podcast on Bloomberg Radio. I'm Rosalind Matheson. Today we're talking about the latest developments in the war between Israel and Hamas. We're coming on right the air now with breaking news from the Middle East. Hamas has just released 13 Israeli hostages, including two Israeli Americans. They have agreed to a two -day extension. This is coming from the Qatari Minister of Foreign Affairs. I'm your host, Rosalind Matheson. Today on The Big Take, Bloomberg's Israel bureau chief, Ethan Bronner, and journalist, Fadwa Hodali, join me for an update on the Israel -Hamas war, including the temporary truce, the release of hostages and prisoners, and what the international community thinks about the conflict almost two months on. Ethan Fadwa, and thank you for joining me for this conversation. It comes almost eight weeks into the war between Israel and Hamas, and of course, with a short -lived truce coming into effect. Ethan, could you just bring our
Bloomberg Radio New York - Recording Feed
Monitor Show 07:00 11-14-2023 07:00
"Interactive brokers clients earn up to 4 .83 percent on their uninvested instantly available USD cash balances. Rate subject to change. Visit ibkr .com slash interest rates to learn more. Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. We're expecting a gross slowdown pretty much like the rest of Wall Street at this point. We're not talking about a recession anymore, we're talking about a very soft landing. It's going to be pretty fine if we're going to be between one and two percent GDP growth. There's so much yield enhancement in this market that it's suppressing volatility even on the equity level. We're not in a recession. Look around, the economy is still growing. This is Bloomberg Surveillance with Tom Kean, Jonathan Ferro and Lisa Abramowitz. Your trading week begins this morning. Life from New York City. Good morning, good morning. For our audience worldwide, this is Bloomberg Surveillance on TV and radio. Alongside Tom Kean and Lisa Abramowitz, I'm Jonathan Ferro. Your equity market positive by 0 .1 percent on the S &P 500. Ninety minutes away, TK, from US inflation. The inflation report critical. I'm going to go to the ten year yield just simply as the benchmark off of a difficult auction last week. Thank you, Bramo. For that, the two standard deviation study, the trading envelope, John, is going to bring that yield down to 4 .46 percent if you get a move within a trend. Right now in two basis points, 4 .62 percent. That gives you an idea of the potential we can have of an 8 .30 shock. We've got to do a few things this morning. You take the economic data, push it through the Federal Reserve. What does it mean for them? Work out what it means for financial markets and then get to politics. This from Politico this morning, some private polling presented to the Politico.
Bloomberg Radio New York - Recording Feed
Monitor Show 06:00 11-14-2023 06:00
"Investment advisors, switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria.
Bloomberg Radio New York - Recording Feed
Monitor Show 05:00 11-14-2023 05:00
"Investment Advisors switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at IBKR dot com slash RIA. This is Bloomberg Radio. From the Bloomberg Interactive Brokers studios, this is Bloomberg Daybreak for Tuesday, November 14th. And Israel ramps up its ground war against Hamas. That's as Israel supporters come out in force with a march in Washington. A critical 24 hours as Congress tries to avert a government shutdown. And Joe Biden and Xi Jinping are set to announce a deal to crack down on fentanyl. Donald Trump Jr.'s testimony on the witness stand and his family civil fraud case. Plus, the Supreme Court put in place its first formal code of ethics. I'm Michael Barr. More ahead. I'm John Stash, Aaron Swartz. The Knicks lost in Boston, the Islanders lost in Edmonton Monday Night Football. The Broncos upset the bill. That's all straight ahead on Bloomberg Daybreak on Bloomberg 1130 New York, Bloomberg 99 1 Washington, D .C., Bloomberg 106 1 Boston, Bloomberg 960 San Francisco, Sirius XM 121 and around the world on Bloomberg Radio dot com and via the Bloomberg Business Act. Good morning. I'm Nathan Hager and I'm Karen Moscow and U .S. stock index futures are higher this morning. S &P futures up two tenths of a percent, about nine points. Dow futures up a tenth of a percent or 40 points. NASDAQ futures up three tenths of a percent or 44 points. Ten year Treasury yield four point six one percent. Nathan, Karen, let's get you caught up on what's happening in the Middle East. The focus is turning to hospitals in Gaza, where Israel accuses Hamas of housing command centers and weapons. President Biden says the Al -Shifa hospital.
Bloomberg Radio New York - Recording Feed
Monitor Show 00:00 11-14-2023 00:00
"Interactive brokers' clients earn up to 4 .83 % on their uninvested, instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more.
Bloomberg Radio New York - Recording Feed
Monitor Show 23:00 11-14-2023 23:00
"Investment advisors switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria.
Bloomberg Radio New York - Recording Feed
Monitor Show 19:00 11-14-2023 19:00
"The media alone can't ease the tensions that come from the debate surrounding the issues we deal with every day. However, we can create spaces where people can freely kick the tires of their preconceived notions. I'm Tim O 'Brien, and I'm the Senior Executive Editor at Bloomberg Opinion. On our platform, we ask tough questions and solve complex problems with the facts in mind. Because context changes how you see things and how you change things. Context changes everything. Start exploring our opinion coverage and more at Bloomberg .com.
Bloomberg Radio New York - Recording Feed
Monitor Show 18:00 11-13-2023 18:00
"The media alone can't ease the tensions that come from the debate surrounding the issues we deal with every day. However, we can create spaces where people can freely kick the tires of their preconceived notions. I'm Tim O 'Brien, and I'm the senior executive editor at Bloomberg Opinion. On our platform, we ask tough questions and solve complex problems with the facts in mind. Because context changes how you see things and how you change things. Context changes everything. Start exploring our opinion coverage and more at Bloomberg .com.
Bloomberg Radio New York - Recording Feed
Monitor Show 16:00 11-13-2023 16:00
"Investment Advisors, switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. Dean, we're talking what, 3 .3 % year over year here, 0 .3 % on a month -to -month basis here, and that's relatively in line with where we've been now for the last couple of months. I'm not sure if those numbers get hit right on the nose, I'm not sure it really changes the narrative at all. All right, we're getting the closing bells here in New York on this Monday afternoon here, and once again, a low volume day leading to what is two relatively unchanged markets. The Dow Jones Industrial Average is in the green on the day, but only by about a tenth of a percent, higher by roughly 49 points and change as we wait for these numbers to settle. The S &P 500 lower by about 3 to 4 points, or about a tenth of a percent, while the NASDAQ composite is going to finish the day lower by roughly 30 points, or about two tenths of a percent. And the Russell 2000 really emblematic here of just how tepid the price action was, unchanged on the day at 17 ,000 and change. All right, so tepid on the price action, you look at the S &P a little changed here lower. If you dig a little bit deeper though, a little bit of a negative tone in terms of the individual names, 307 to the downside, losing some ground in the Monday trade. Katie, 194 to the downside, so a little bit of a, like I said, a negative slant to unchanged in today's trade. Yeah, and you take a look at some of the industry groups, there's a lot of green, a lot of red, so it all washes out to about neutral, but you take a look at what did well today, and it's the autos group, but we know a lot of that is coming from Tesla, but nonetheless, that group higher by about 3 .6 percent. Healthcare equipment and services also having a good day, so too is energy. So those are your bright spots. You take a look at the bottom of the list, what isn't doing too well today from an industry group perspective. You have retail, real estate, you have tech hardware, and you have utilities leading losses.
Bloomberg Radio New York - Recording Feed
Monitor Show 15:00 11-13-2023 15:00
"Investment Advisors. Switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. When we come back here, I'm Joe Matthew in Washington along with Kaley Lyons. We'll meet you a little bit later on Balance of Power on Bloomberg TV at five o 'clock Washington time. Because Bloomberg Business Week starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Business Week. Insight 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 Caro Masser and Tim Stenebeck on Bloomberg Radio. And a very good afternoon everybody. Live from the Bloomberg Interactive Brokers Studio. Streaming on YouTube and of course streaming on Bloomberg Originals. You are listening and watching Bloomberg Business Week. Caro Masser along with Tim Stenebeck. She's back. Delighted chores over the last four days. A little bit of spring fall, winter cleaning. Okay, so not as exciting as, you know, going on some international adventure for two days. No, I did not do that. And everyone's like, I thought you were on vacation. I'm like, no. Hey, Headline Just Crossing. I want to bring it to you. Starbucks Union says November 16th strike to hit hundreds of stores. So they are planning a work stoppage for November 16th. So we talk about this the year of many things, but it does feel very much like the year of unionized workers. And kind of some strength once again to the U .S. labor organizations here. Yeah, just in the last few minutes when this news broke, Starbucks shares taking a leg lower. Down about eight tenths of one percent, Carole. Thank God something's moving because Tim walked in. He's like, man, this.
Bloomberg Radio New York - Recording Feed
Monitor Show 14:00 11-13-2023 14:00
"Interactive brokers' clients earn up to 4 .83 % on their uninvested, instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. It's going to be gone soon. And yes, Cinnamon Toast. No flip flops. Crunch. No flip flops. Jeannie Shansano and Rick Davis. God, it's only Monday. We've got a lot to cover this week. Hour two of sound on starts right now. Bloomberg Sound On. Politics, policy, and perspective. From DC's top names. The Rosh Hashanah Caucus is at war with itself. Members of Congress would have a press conference every day if somebody would cover them. There is bipartisan support for Israel. This is one of the big ones. We only see once every decade or two decades in the Middle East. Bloomberg Sound On with Joe Matthew and Kaylee Lyons on Bloomberg Radio. Tim Scott is out of the race, but will it matter for anyone else? Welcome to hour two of Sound On as the senator from South Carolina ends his campaign for president over the weekend, leaving us to wonder where his money will go and his supporters, for that matter, even as polling shows Donald Trump holding a commanding lead over the field. We'll talk about it in just a moment with Kyle Kondik of Sabato's Crystal Ball at the University of Virginia Center for Politics. What they must be talking about there today. It will soon be.
Bloomberg Radio New York - Recording Feed
Monitor Show 13:00 11-13-2023 13:00
"Interactive brokers' clients earn up to 4 .83 % on their uninvested, instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more.
Bloomberg Radio New York - Recording Feed
Monitor Show 12:00 11-13-2023 12:00
"Interactive brokers clients earn up to 4 .83 percent on their uninvested instantly available USD cash balances. Rate subject to change. Visit ibkr .com slash interest rates to learn more.
Bloomberg Radio New York - Recording Feed
Monitor Show 07:00 11-13-2023 07:00
"Financial advisors, are you looking to add or switch custodians? Are you going independent? Interactive Brokers provides lowest cost trading and turnkey custody solutions for all size firms. Trade globally from a single integrated master account with no ticket charges, no custody fees, no minimums, and no tech platform or reporting fees. Plus, IBKR has no advisory team or prop trading group to compete with you for your clients. Switch to the custody solutions that work for you at IBKR .com slash RIA. Let's get your week started. Live from New York City this morning, good morning, good morning. For our audience worldwide, this is Bloomberg's surveillance on TV and radio. Alongside Tom Kean and Lisa Brambits, I'm Jonathan Ferro. Your equity market's slightly negative on the S &P 500. After two weeks of gains on the S &P, squeezed one out last week, TK, it is outlook season on Wall Street to kick off this week. It is, the outlooks change, we'll get to that in a moment, but huge news flow this week, including CPI and retail sales, it's not the snoozefest last week. Well, you wonder how the equity markets will react. Ed Yardeni's out front, the bull, and Dr. Yardeni framing out a stunning 5 ,400 by the end of next year. I believe my Amy Wu Silverman Masters, that's up 22%. We'll get to Amy in just a moment, TK. I think this is actually an interesting week we've got in store here. We've got a lot of FedSpeak, some really interesting data points, two really important ones, and I know you'll give us the calendar in just a moment, Lisa. On top of that, you've got this meeting between...
Bloomberg Radio New York
"bloomberg radio" Discussed on Bloomberg Radio New York
"Celtics trail the 76ers in the Atlantic by a game as Philly Detroit beat while the Wizards lost to the Hornets the Knicks were off they host Charlotte on Sunday followed by Brooklyn hosting Washington on the frozen floor the Devils were doubled up at home by the Washington Capitals four to two as life without former number one overall in his offensive prowess Jack Hughes continues to drag on New Jersey fell in the hole early trailing three nothing after two periods Timo Myers and Dawson Mercer scored too little too late on this one the Washington star Evgeny Kuznetsov notched his second and the grade eight Alex Ovechkin with his seventh assist college football we're in the final quarter of the season some big ranked matchups on Saturday number three Michigan visits 10th ranked Penn State number five Washington hosts ranked Utah and it's Florida State in Miami also a classic Brown takes on Columbia locally Army kicks off the day with Holy Cross and Rutgers travels to Iowa in the NFL the Giants are in Dallas face a of five and three Cowboys on Sunday Jets visit the desert to take on the Las Vegas Raiders that game according to the experts is a pick them with your Bloomberg sports update I'm Rob Buschka this is a Bloomberg money minute the Hollywood Actors strike is over but studios have been forced to reschedule films disrupted by the walkout Sony and Disney have delayed films Paramount is delaying the release of several of its mission impossible series mission impossible dead reckoning part two is set to open in theaters on May 23rd 2025 yes it is the delay the of eighth the title in the mission impossible franchise which stars Tom Cruise trips parent Paramount global of an important release next year well you're sorry and I'm sorry for movie theaters it's much worse it means struggling with a shrinking slate of big pictures in 2024 the good news it's back to work for movie but television moves faster than movies which once filming and still face a long editing and promotional process you mean it'll be difficult very well this is not mission difficult I'm Ed Corey, Bloomberg Radio Bloomberg Radio on demand on latest the edition of Bloomberg Intelligence podcast a conversation with BI's Andreas thrown on the expansion of EV charging in the US I think at this point it is cheaper to refuel a any V relative to a internal combustion engine for sure but it does depend on where you do that right there are the affluent areas in this country where the cost may be very fueling comparable to up with gasoline so the cost advantage to any
Bloomberg Radio New York
"bloomberg radio" Discussed on Bloomberg Radio New York
"Boston. I'm Anne moss too, Bloomberg radio. Economic growth and earnings are in focus in the week ahead, Bloomberg's kiran Moscow has more. We get a look at fourth quarter gross domestic product on Thursday, along with her reports on new home sales, durable goods orders, and the weekly report on initial jobless claims. On Friday, it's personal income and spending pending home sales and consumer sentiment. Microsoft, Tesla and Chevron are among companies scheduled to report earnings in the week ahead. Karen Moscow, Bloomberg radio. It's still a good time for Americans to switch jobs. Bloomberg's Charlie pellet explains. Workers who jumped ship to a new employer late last year got bigger salary bumps than they did in early 2022, according to a survey by job search website zip recruiter and it underscores that demand for labor remains strong, despite waves of layoffs in industries like technology and finance. About two thirds of those who got a raise by changing employers in the fourth quarter of the year saw their paychecks climb by at least 11% compared with less than half in the first quarter. Charlie palette Bloomberg radio global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Suzanne Al Palmer. This is Bloomberg. This is Bloomberg Wall Street week. We turn our attention to the markets this week. U.S. CPI members reinforcing concerns about inflation. The financial stories that shape our world. A really different reaction to mark more indications of just how hot the U.S. economy really is. Zoo the eyes are the most influential voices. Larry summers, the former treasury secretary Catherine Keating, CEO of BNY mullin Sam zell, Sharon, and founder of equity group investments. Bloomberg Wall Street week with David Weston from Bloomberg radio. Inflation, a slowing economy, a climate on the brink, and a new world order in the making, but the great and the good still find room for optimism as they gather in Switzerland. This is a special Davos edition of Wall Street week. I'm David Westin. This week, we talk with the leaders of global Wall Street about the economy and business. There's clear evidence inflation has, in fact, peaked in is coming down. It's a funny thing when people say inflation has peaked. Inflation is just going to grow slower. And why the big issues like inequality and climate and geopolitics matter for both of those. We are trying to address the misconceptions. A transition has to always be fair and just. The world's got a number of major transitions that we're going through. Our focus is trying to move the noise out of the way and actually roll up our dreams and get on with the hard work. And we speak to our special contributor Larry summers on the potential for default on the U.S. debt. This is potential tragedy as far as. It would be catastrophic and inconceivable for the United States to default. Every winter, pandemic permitting, global Wall Street makes the trek took the Swiss Alps for the World Economic Forum. An organization started 42 years ago by Swiss engineer and economist Klaus Schwab. To gather leaders of business, government, and academia to as he put it, improve the state of the world. He spoke at the beginning of the conference about some of the thorniest issues today. Of
Bloomberg Radio New York
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"This is Bloomberg surveillance. There are a lot of real fundamental issues that are going to be pulling down inflation. The next quarter or two, we stay in this nominal GDP dwarfing real GDP environment. Driven by still elevated inflation. You can't ignore the shorter term data. You have to take it all into account. I think we see equities down in the near term, possibly recovering towards the end of the year. What's different this time, I think, is that if we have a recession, it's going to be a fed induced recession. Bloomberg surveillance with Tom Keene and Paul sweet on Bloomberg radio. Good Wednesday morning from the Bloomberg interactive broker studio in New York City to our worldwide audience equity futures point to a higher open this morning to vix is just below 23 yields pullback, ten year treasury, yielding about 3.67% on the commodities front WTI crude oil's lower just about $75 a barrel. Gold, boy, it continues to move higher, really trading aggressively offensive low over a couple of weeks ago. Now trades about 1800, $60 an ounce and Bitcoin. It even finds a bit out there and now trades it just below $17,000. Per token. I like to get some more color on some of the pre market equity trading Bloomberg markets corresponding critic Gupta, but I'm not sure he's been able to log in yet. I have been able to so you did the finger strategy. I did the lick the fingers. So for Bloomberg, for people who don't have a boomer terminal, we have to do the fingerprint thing to kind of log in. It's a security thing. And sometimes it doesn't work. So everybody who has a Bloomberg terminal knows to work around is you got to lick your finger. You got to lick your finger. Now will not do that. She will not lick her finger, so therefore she often has trouble logging in but your player. Yeah, I basically took one for the team and licked my finger and logged in and it worked out great. All right, what do you got for us? Well, we should start talking about Salesforce here. CRM is the taker and I would argue the big story of the morning. It is actually higher and this is coming on some I wouldn't say not so great news when it comes to the personal element or the jobs element. They're announcing a 10% workforce cut in addition to reducing some of their real estate holdings as well. So CRM is the ticker shares are about 5% in the pre market now. Typically, when you have that kind of workforce cut, it's supposed to be a negative for the stock, but this is actually a positive and you see this with a lot of the tech names because it means they're cutting back on some of their spending. So it's viewed as a positive for the balance sheet for the investment thesis, nevertheless, CRM, which by the way, huge doubt component. It's replaced ExxonMobil. After right before Exxon ripped like 80%. Yeah, so I wonder if that switch is going to happen again. So anyways, CRM up about 5% in the pre market. We should also talk about Microsoft because we're talking about tech companies and specifically cloud as well. Microsoft shares are actually down MSFT's your ticker down about 3% this morning coming off of a downgrade and a pretty brutal one out of UBS. Downgrading the company to a neutral from a buy on concern that the Asia cloud computing service get this is going to see steep growth deceleration that could be worse than expected. Wow, I haven't seen that call in ever. I don't think. Yeah, it's a pretty scathing review from UBS and one that's really punishing the shares this morning on a day, by the way, where the market is broadly up. So to see Microsoft really suffering down now, 3.2% falling as we speak is a pretty big deal. We also talk about this Chinese ADRs Paul, one of your favorites, Alibaba, BA, BA. Now we know a lot of these Chinese ADRs are actually higher across the board, but this is coming off of not COVID, but an idea that ants approved fundraising plan from the Chinese government is sending some speculation that perhaps that regulatory clamp down that scent, the entire Chinese ADR complex down, but what's the 80% in 2021? And then you have that additional fall in 2022. Well, maybe that is easing a little bit. So you do see the likes of Alibaba and their peers up to the tune about 7%. All right, good stuff. What's interesting? Yeah. No? I always follow. We are going to there's a lot of tech moves. The Apple move. I mean, who makes it bearish column, the cloud computing? I don't think I'd ever seen it. I've never seen that. No. I mean, it's just up up, up, up. But notice they also said neutral. They haven't said cell yet. Well, that's you think it's headed that way? No, that's if you're on a hold as a cell. Yeah. I'm in the camp with mister Sweeney. Really? Trying to preserve their investment banking neutral. Neutral. That's right. It was a Tom lehrer son from that from you. Years ago, good morning everyone. Impulse medium time came back together again. A good and beautiful thing
Bloomberg Radio New York
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"Ice cream lovers are on a binge. Think about, you know, how people rush to comfort foods during the pandemic and ice cream was no exception. Bloomberg Chicago bureau chief ISIS almeida says consumers have been devouring so much chocolate ice cream that the biggest maker of bulk chocolate is now sweetening production. They've seen so much demand for chocolate going into ice cream that they decided that they will expand factory capacity by 15% in the next 18 to 20 months. Very care about is an Amy may not be familiar with, but you do know its customers from Nestlé to Hershey. The Swiss firm supplies ingredients used in about a quarter of every chocolate and cocoa product eaten in the world. Almeida says that kind of reach has insulated it from consumer inflation pressures. They're actually not seeing that much because they are able to swap the type of product that they deliver A new Canadian plant will play a large role in helping bury Taliban meet demand from the ice cream industry along with boosted capacity at other existing plants in the Americas. Gina survey, Bloomberg radio. What is dedication? The thing that drives me every day is a day is very we call them day to day for short. Every day he's hungry for something, whether it's attention, affection, knowledge, and there's this huge responsibility and making sure that when he's no longer under my wing, that he's a good person. I think the advice I would give is you don't need to know all the answers. The craziest thing was believing that your dad knew everything. So as a dad, you felt like you had to know everything. You had to get everything right. It's okay to make mistakes. As long as it's coming from love, then, you know, it kind of starts to work itself out. I want him to be able to
Bloomberg Radio New York
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"When will you be able to go to a meeting where nobody smells like hand sanitizer, who knows, but we can give you the latest business and financial news. Fragrance free. Plus tease out some of what you just said. Are there tools in the toolbox for the fed? Does that point to the need for continued monetary support? Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. You do realize the mark that this is having on a younger generation. Bloomberg, the world is listening. Start your market day with Bloomberg surveillance. The bond market, it's a really interesting soup game. Jonathan farrow and Lisa and Abramovich. Isn't your base case the worst case scenario for most? Finance can't be fun. Who's in the zoo guys? Which one of us? Bloomberg's surveillance must listen must watch. I think they made a great decision separated with your spouse. We did mornings at 7 eastern on Bloomberg radio and Bloomberg television. When you reorganize and declutter, we're probably the first thing you decide to keep. Is there any serious contemplation of sanctions against China detailed financial and business reporting? Tell us more about your customers and how they're doing now. Expert analysis. You're basically just changing a $5 bill into 5 ones. Definitely essential. Looking at a high yield, where does that take you these days? Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com, Bloomberg, the world is listening.
Bloomberg Radio New York
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"When will you be able to go to a meeting where nobody smells like hand sanitizer, who knows, but we can give you the latest business and financial news. Fragrance free. Plus tease out some of what you just said. Are there tools in the toolbox for the fed? Does that point to the need for continued monetary support? Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. You do realize the mark that this is having on a younger generation. Bloomberg, the world is listening. Start your market day with Bloomberg surveillance. The bond market, it's a really interesting soup game. Jonathan farrow and Lisa Abramovich. It's in your base case the worst case scenario for us. Who says finance can't be fun. Who's in the zoo, guys? Which one of us? Bloomberg's surveillance must listen must watch. I think they made a great decision, separately I suppose. Weekday mornings at 7 eastern on Bloomberg radio and Bloomberg television. When you reorganize and declutter, we're probably the first thing you decide to keep. Is there any serious contemplation of sanctions against China detailed financial and business reporting? Tell us more about your customers and how they're doing now. Expert analysis. You're basically just changing a $5 bill into 5 ones. Definitely essential. Looking at high yield, where does that take you these days? Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. Bloomberg, the world is listening. Let's get you a quick check on the latest business flash headlines from around the world. The Indian type in Gaza mandani has become the world's third richest person after his fortune surge to $137.4 billion. It's the first time an Asian person has made it into the top three of the Bloomberg billionaires index. Danny trails only Elon Musk
Bloomberg Radio New York
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"Is a Bloomberg money minute on the eve of the fed's annual policy retreat in Jackson hole Wyoming, officials are stressing the need to keep raising interest rates, but they're not saying by how much the cheer Jerome Powell will address the gathering tomorrow. Buyers stepped into the market, sending stocks higher, figuring that tough talk from Powell is already priced in, down industrials climbed 323, the S&P rose 58, the NASDAQ gained two O 8. The economy shrank in the second quarter, but not by as much as first thought. The government revised its gross domestic product reading to negative 6 tenths of 1%, up from -9 tenths. Dell Technologies is warning of tighter times ahead even as its latest quarterly results were in line with estimates. The PC maker says customers are becoming more pessimistic as the year progresses. It sees a major sales challenge in the second half. Lowry kofsky, Bloomberg radio. Not completing high school is more of a social thing than it was an academic thing. I came out in the 11th grade. Nobody was embracing you. The kids were cruel. It was very difficult to be gay. And even all these years have passed, I still had that longing to have my diploma. The hard part was determining that I was going to do it. But I definitely didn't do it alone. At age 30, with the help of her mentor, Carissa finished her high school diploma. I have a mentor, Maria. She convinced me to continue my education and finish what I started to get
Bloomberg Radio New York
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"A look at the markets as we do every 15 minutes for you on Bloomberg radio. We're off to a poor start with down a full tenth of 1% already at the start of European trading. Stocks dropping, the dollar close to a one month high, Bloomberg dollar spot index stronger three tenths of 1%, you had something of a sell off in Asia, the MSCI Asia Pacific index down around a full well, 6 tenths of 1%, in fact, Sterling also on the back of those terrible consumer confidence figures down at one 19 for cable to actually pulling back two tenths of 1%. The Euro trade at 1% on the nose, one spot zero zero 7 8, so down by a tenth of 1% looks as if parity again is back inside, gold down, oiled down, Bitcoin also taking an even bigger beating dropping more than 6%. U.S. stock futures also in the red 7 tenths of 1% lower for the NASDAQ. So that's a look at the data. Now, on to today's top stories and we'll start in the UK where retail sales rose in July confounding expectations with sales up .3% month on month. Analysts had expected sales to decline by .2%, but Britain's online stores drove an unexpected jump offsetting declines across much of the rest of the industry. Sales volumes for non store retailers which are predominantly web based rose 4.8% in the 8% in the month due in large part to a range of promotions. Okay, so good retail sales figures, but UK consumer confidence has fallen to a record low this month, as concerns about a recession increase and sowing inflation squeezes household finances G FK said that its gauge of confidence declined three points to -44, the lowest since records started in 1974, Bloomberg senior UK economist Dan Hansen says that there's no sign that things will improve anytime soon. I think the thing with JFK survey is you look over history that a level of about -30 is consistent with has been historically I should say consistent with the recession. So we're well below that and it doesn't make for easy reading and the tragic thing about all of this is that it's not over and towards the end of this year we're going to get another surge in energy prices and we're going to likely get another rise in energy bills again in January and possibly even in April. So this thing isn't going away anytime soon. It is really hitting all consumers very, very hard. Bloomberg senior UK con miss Dan Hansen speaking there, the figures reflect a yearlong surgeon inflation which hit a four decade high just earlier this week, 10.1% for last month, the Bank of England now expects price growth to top 13% in the current coming months. In the U.S., fed officials appear to be split when it comes to the size of a September rate hike. In an interview with The Wall Street Journal St. Louis president James bullard urged another 75 basis point move, but Kansas City's Esther George has struck a more cautious tone on hike, saying the fed has already done a lot. And Minneapolis fed president Neil kashkari says the challenge is not over. I don't think we're in a recession right now, but as we continue to raise rates as we continue to raise costs, so to speak of borrowing across the economy, it should be putting Tapping the brakes on the U.S. economy. And that makes it more likely that we would end up in a recession. Minneapolis fed president Neil kashkari there. Both bullard and George are voters this year on the rate setting fed committee. Meanwhile, layoffs are in the works at half of U.S. companies according to a new PWC survey, here's more on that from plebes Charlie pellet. Last month, PWC pulled more than 700 U.S. executives and board members across a range of industries, half of respondents said they are reducing headcount or plan to and 52% of implemented hiring freezes. More than four in ten are rescinding job offers and a similar amount are reducing or eliminating the sign on bonuses that have become common to attract talent in a tight job market. In New York, Charlie pellet Bloomberg daybreak Europe. Well, the PWC survey comes after jobs data last month showed U.S. employers added more than double the number of roles forecasts that nonfarm payrolls jumped 528,000 in July, the U.S. unemployment rate fell to three and a half percent matching a 5 decade low. To Indonesia wet, which is preparing for the G 20 summit in Bali this November, president Joker widodo has told Bloomberg that both Xi Jinping and Vladimir Putin are planning to attend. That is, despite calls to cancel Russia's invitation over the war in Ukraine. Jakoby, as he's known, spoke to Bloomberg's editor in chief John micklethwaite in west Java. I know that you have invited president Xi Jinping to come to the G 20. Has he has he said he will come here in November? Yeah. Xi Jinping will come. And president Putin. President Putin has also told me he will come. That was the Indonesian president joko widodo speaking to Bloomberg. The presence of Chinese leader Xi and Russia's Putin at the November meeting would set up a showdown with western leaders who were set to meet in person for the first time since Russia's invasion of Ukraine. Ukrainian president Vladimir zelensky is also expected to be in Bali. Okay, so an important G 20 meeting. Meanwhile, U.S. politics now, sections of the FBI affidavit used to secure a search warrant for former president Donald Trump's Mar-a-Lago home should be unsealed that according to a federal judge in Florida, Bloomberg's Ed Baxter has the details. The judges ordered the DoJ back to court next week with suggested redactions. One of the attorneys for media groups seeking the release of the document, Diana schulman says she feels good about the hearing. He understands that the public is going to
Bloomberg Radio New York
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"Eyes of experts gives you a better view. So let's talk about the paint trade and the Bloomberg, our market vision is 2020. I am shocked by the moves that we're seeing in the rights market. Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. Business, finance, and the latest news evicting world markets, powered by more than 2700 journalists and analysts in over a 120 countries. This is Bloomberg radio. Now, a global news update capitol police say an unidentified man killed himself after crashing his car into a vehicle barricade on Capitol Hill early Sunday morning. The vehicle went up in flames as the man exited. It was then that he fired several shots into the air at the man then shot himself as law enforcement approached the scene just after four in the morning. No one else was injured and investigation into the man's background is ongoing, but it doesn't appear that he was targeting any government officials. A U.S. congressional delegation is in Taiwan today the group led by democratic senator Ed Markey is expected to meet with senior Taiwan leaders, discussion topics will include regional security, global supply chains, climate change, and other issues of mutual interest. Show us the goods that's what representative Mike Turner is demanding of attorney general Merrick Garland after the FBI raid on former president Trump's home in Florida. But we want to know one what did the Department of Justice and the FBI tell the judge that they were going to find? And what did they find? The Ohio Republican appearing on CNN State of the Union. I'm Dina kodiak. You're listening to balance of power with David Westin on Bloomberg radio. Still to come this hour, how will the inflation reduction act affect the climate change fight? I ask former acting head
Bloomberg Radio New York
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"Bloomberg radio and television In the interest of transparency we should note that Michael Bloomberg the founder and majority owner of Bloomberg LP the parent company of Bloomberg radio is a donor to groups that support gun control Well another major story we're following this morning Nathan the house panel investigating last year's Capitol Hill insurrection is ready to take its findings public and Bloomberg's Amy Morris has details from our 99 one newsroom in Washington After nearly a year of investigation subpoenas and testimony the January 6th panel will lay out its findings for the public in a series of hearings starting next Thursday Most of their work has been behind closed doors but now members say the panel will present previously unseen material documenting what happened on January 6th and provide a summary of its findings The first of a series of public hearings is set for 8 o'clock Thursday night at prime time in the U.S. to give the investigation maximum exposure In Washington I'm Amy Morris Bloomberg daybreak All right Amy thank you also in Washington this morning we get the release of the May jobs report Economists predict 320,000 non farm payrolls were created last month Regardless Andrew husby U.S. and Canada economists for Bloomberg economics does not think the report will affect fed policy Early signs that labor demand is cooling but certainly there's nothing in this report that's going to shape the head off of tightening moves of at least 50 basis points in the next couple of meetings Andrew husby Bloomberg economics says look for that next half point rate hike at the fed's policy decision coming up June 15th Well the fed's major focus right now of course is curbing inflation and BlackRock chair and CEO Larry Fink is weighing in on the matter He tells Bloomberg the fed may not have the tools right now to deal with higher prices There's greater recognition that inflation.
Bloomberg Radio New York
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"Bloomberg quick takes Tim Steven on Bloomberg radio I don't think so Okay Yeah we got some time to hang I really did think Caroline's interview with the chairman and CEO of Macy's Jeff gan was really interesting And he did talk about the consumer feeling strong like she said she kind of hit a different income levels and that he wasn't worried about bad debt They weren't seeing anything really now but he is concerned maybe going forward I mean this is the thing These data points are all looking backwards many extent What we care about is kind of what people are saying about the outlook and what happens in terms of consumers keep spending going forward Is that demand there or does that start to come undone and then that will certainly play out into higher prices perhaps or lower prices and maybe bring down economic growth The inventory is that we've heard about And I want to go back to what Michael McKee talked about at the top of our show about an hour ago And he said some of the stuff that the fed wanted to see is starting to happen Quickly right Very quickly Yeah and it's because the market even though the fed is only raised interest rates twice 75 basis points what has happened is the market has raised interest rates more so So you're actually seeing pending home sales decline you're seeing a number of indicators slowing as well Pending new home existence Exactly So what's happening in the real estate market Yeah and I think that's a big one because you buy a house and you end up really spending money in so many different ways right You're filling it with stuff your hiring contractors you're doing different things It's just insurance like it plays out in so many different ways So I think that's a big metric that we need to keep an eye on I want to say with inventories what's interesting and that Macy's report too is some of our reporting has said that a lot of the retailers sometimes to get ahead of those snarled supply chains have been stocking up their inventories but the problem is is like Caroline said if you end up with the wrong goods that's not ideal Honestly That is going to cost you Yeah Exactly And we see that playing out All right folks let's get back to world of national news on this.
Bloomberg Radio New York
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"And at Bloomberg our market vision is 2020 I am shocked by the moves that we're seeing in the rights market Bloomberg radio the Bloomberg business have been Bloomberg radio dot com Business finance and the latest news evicting world markets powered by more than 2700 journalists and analysts in over a 120 countries This is Bloomberg radio Now a global news update this is a special report The Russian invasion of Ukraine President Biden is in Warsaw to talk with Poland's president about the flood of Ukrainian refugees entering the country He'll also deliver a speech in Poland today that The White House says will be a major address National security adviser Jake Sullivan says Biden's address will speak to the stakes of this moment as Russian forces attack Ukraine Refugees from Ukraine are arriving in Poland by the tens of thousands and traveling to Warsaw the mayor there says the city is doing everything it can I was services the services of the city are stretched because first of all we need to fight accommodation find accommodation for those people There are administrative burdens because we have to register them and give them a Polish identity number While the Polish capital has welcomed refugees the mayor says the city is at its limit and needs help Warsaw has taken on more refugees than any city in the world bumping the population up by 20% since the start of Russia's invasion 30 days ago I'm grad secret This is Bloomberg law with June brasso from Bloomberg radio Each day brings more death and destruction to Ukraine More innocent civilians killed more schools hospitals and apartment buildings destroyed Last week for the first time president Joe Biden called Russian president Vladimir Putin a war criminal and on Friday in Poland Biden reinforced that Devastation that is occurring at the hands of a man who quite frankly think is a war crime And I think it will meet the legal definition of that as.
Bloomberg Radio New York
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"I'm Scott Khan This is Bloomberg best on Bloomberg radio This is Bloomberg best I'm Ed Baxter And I'm Denise Pellegrini Denise Bill gross as you know is a cofounder of pimco and notably the author of I'm still standing An interesting to think about how he became known as the so called bam king to begin with And then what does he think about the bond market now Gross started his career at what became pimco later on in the vault operations there And here is what he told Bloomberg's Lisa abramo and Tom Keane about how he worked his way up and went to watch out for with bonds these days Let's listen to him Well we had a $1 billion portfolio Pacific mutual did It wasn't pimp go at the time And I just graduated from UCLA Anderson I had a master's degree I was clipping coupon So I'm not exactly in the mailroom clipping coupons And I said to myself wouldn't it be better to get out of the vault and into the sunshine and maybe you could trade these bonds you know back then there weren't computers IBM had a 360 et cetera but you couldn't really move them back and forth except physically And so most banks and most insurance companies didn't And so I thought that if I could take 5 million of that 1 billion portfolio and trade it and perform then we could get some clients and grow a little investment company called a little investment company that grew quite large Bill You talk also about your start just even with education with $200 sown into your pants going to Las Vegas gambling and getting $10,000 to pay for your college education Partly that gambling to the markets and how the game has changed How much has the game changed over your tenure Most states a lot Since when I started there weren't really liquid mortgage pass throughs This certainly wasn't interested in foreign bonds There weren't any tips inflation protected securities et cetera et cetera And so that and the evolution of financial futures which is probably the biggest change Introduce liquidity into the marketplace and it allowed for even a small firm at the time like pemco to basically trade and to make money Bill the reason why I ask is because we're in an era where a lot of people talk about the distortions in the Dubai markets by the Federal Reserve where the fed is prepared to start moving back from some of their support from their bond purchases How much can the bond market really give the same kinds of messages as it did back when you started out clipping coupons Well certainly not as much There's more involvement by almost all central banks despite the pullback that you mentioned And interest rates are so artificially low that it's hard for institutional investors for even individual and private investors to make much of a difference Central banks control the market I think they're terribly wrong in terms of what they've done stayed so low for so long and now we have inflation not necessarily because of those policies but probably in large part because of them And so it's just a difficult market You train anticipate the central banks which is relatively easy in the past few years because they haven't done anything But now they're about moving it's simply a question of what Powell and others do in terms of the policy rate Bill gross I've been out to Newport to see your Monroe trader on your desk of long ago and far away where you calculated convexity like no one that could do it And part of the as you mentioned the first mover advantage of pimco was intellect I want you to just speak about what you and doctor Aryan did When the two of you got together and put intellect first for a buy side house every single buy side shop had to react in pattern themselves against what you and Muhammad invented Tell us how you put intellect first at your pimp co Well we did build a small company that a larger company very smart people And it wasn't just myself and Muhammad Muhammad came much later Pimple was very much a success before Muhammad but Paul McCullough was very key in terms of fed policy and anticipating the Great Recession Chris Diana's was very important in terms of bringing financial futures to the company There were lots of others that were innovators that were mild risk takers and putting together a group of Bond kings and later queens was quite important Was a challenges that you had later in your career and I don't want to get into the soap opera of it But Bill gross were the challenges that you had like it's so many other shops due to the decline in profitability of the buy side It used to be a cozy job billiard show up for two hours then you can go pay cough golf trying to get your handicap up And that Bill the buy side every single buy side story is about lower and lower and lower revenue and squeezed margin Is that what you ran into later in your career That's what I was advocating in the bond market There was this extension of trading into ETFs and into vehicles that charged lower and lower and lower fees I sensed that as a trade as a sense of as a trend because simply as interest rates themselves lowered went down to 5 four three two one You know you couldn't charge 50 basis points on a 1% ten year treasury That's half of the half of the yield and it was almost an egregious type of situation And so fees became important It became important in terms of my leaving pimco because the surviving contingent basically wanted higher yield products hedge fund types of products and I wanted to stick to the old total return formula that had done so well The total return formula is in a very tenuous moment simply because of where yields are and where inflation is expected to be Some people consider Jeff gunlock successor when it comes to the bond king moniker You may disagree Others do the question I have is you agree with his prognostications of a 10% inflation rate this year and the likelihood that the fed is vastly behind the curve Will the ladder yes 10% inflation rate is problematic It depends of course on commodity prices oil prices And the wage follow on But I do think inflation will be in a four to 5% category for the next several years And does that validate a tenure at one 80 or 85 It does not Does it mean that there will be a huge amount of sellers because of the lack of fed buying Probably not As we've seen in the last few weeks treasuries are a safe haven much like gold And so investors are taking a 1.8%.
Bloomberg Radio New York
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"From Bloomberg radio Shares a petco Rowling this past week after the company revealed earnings beats on both the top and bottom line for the fourth quarter and it upped its full year outlook for adjusted earnings and revenues Okay we all know this Pets all the rage during the pandemic I know somebody sitting close to me right now who got a new doggie Got a new puppy You did How was your puppy done Really good Okay good Well it seems very well Really well yeah Well probably good and well If it's being trained well right Yes Well it does seem that the trend is continuing even as the threat of COVID wanes With more on how the business achieved a 7th consecutive quarter of double digit comp store sales growth We spoke with petco chairman and CEO of petco Ron Coughlin We made a big bet that we were going to develop an ecosystem of the full offering that pet parents won So we have our own vets We have grooming We have training We have supplies We have food and we do it in stores We also do it digitally And that was a big bet versus trying to be expert at one part of the thing which is what basically everyone else does In 54% of pet parents say that's what they want They want to partner to manage their pet lives I'm sure it's not easy for you I used to go to one place for a bit One place for a grooming one place for food My hunch is you probably do that right now Kind of still do Yeah But I do a lot online in terms of products And that simplifies my world Yeah but if you could do it all in one place and then that company knows you and knows your data and the groomer knows the same thing that the vet knows we take better care of you And so that strategy is working The second thing that's working is our omnichannel strategy 80% of our online orders get fulfilled through our pet care centers We call them micro distribution centers That means there's faster to the customer and lower cost Does that mean they walk into or no It's separate distribution centers So there's three Your local petco right It had three different versions One we might ship from that store to you if you ordered online Two you could same day delivery which you can't do online or three you might go in and pick it up if you're short on order Oh I need to get food on my way home and bopa is just like you order a head on your Starbucks as an example So that's really working for us And then our vet business is working And we had a big announcement last week We had a joint venture with a vet partner and we bought them out last week We announced it And so we're bringing 800 veterinary professionals into our system And one of the biggest questions I get from investors is can you hire enough vets You might have hired my vet who we loved and adored and who became part of a bigger practice and then is gone Our investors seeing the story though are the hearing this story because the stock is doing well today but it did hit a record low in late February It's down 30% from its highs of last year What are investors missing here Yeah I mean we got caught in some of the market downturn that happened And we just need to prove it over time And that's why I'm so proud of the 7 quarters of double digit growth with the margin expansion And also our bullishness was evidenced by our guide which was above consensus There were people who questioned whether we could grow in the second half of the year We did so at double digit rate there were people who questioned whether we can lap next year And we showed a big a nice guide going forward that people appreciate And I think that's why the stock is responding In addition to the fact that I think that there is a premium for companies that can execute in these times Whether it's the labor issues whether it's the different economic issues people who can execute or getting a premium right now What segment of your business sees the biggest growth Because she talked about a couple of different things And there's omnichannel There's digital There's in the store There's the vet services They're selling pets What is it What is it that really juices the top and bottom line and profitability I love all my kids But some I love a little bit more The truth is they're all growing But if you look at our digital business we grew a 143% on a two year basis We more than doubled our digital business in the last two years I mean that's astounding How often do you more than double a business that already had scale in two years We did a 25 last quarter So how much of revenues is digital Purely digital Yeah digital is between 15 and 20% And how much of somebody who is digital then walks in the store What are you looking for when you're omnichannel I was just talking to chipotle They're omnichannel right They have chipotle and your digital only and go to the store You can use the app There's all these different things How many how many people are going to the stores buying online You want somebody who's all in That's the way the world is going So if I go through the recent sequence 2000 happened and everyone went online right Even my father who loves going to stores all of a sudden became an online customer for the first time Then in 21 people thought maybe they won't come back They came back to our stores in droves And more and more it is this omnichannel customer We call it retail three where you really bring this promise on any channel that we've all been talking about for years together Not only for that experience but also as fulfillment centers You hear target talking about using their targets as fulfillment centers It's killer the strategy got me to go to a Target Store in a long time And we truly believe we're one of the retail three leaders in defining that.
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"Jim Forbes You're listening to Bloomberg opinion on Bloomberg radio I'm June grosso The jobs boom is leaving more men behind That's the title of the most recent column from Bloomberg opinions Allison schrager who says the key to getting men back in the workforce starts in high school So what do the stats show is happening during the recession as far as men leaving the workforce Well I mean that was the thing that I found most striking there wasn't necessarily a business cycle but longer term structural issue which is a lot of men had been leaving the labor force And it kind of interacts with the business cycle And that every recession a lot of men lose their jobs or leave their jobs and they just never come back And that happened with a Great Recession It happened with the recession in 2001 and it also has happened with the pandemic is that anyway unemployment is pretty low almost as low as it was before the pandemic labor force participation among men is still almost the whole point lower What men are most likely to drop out of the workforce Like I said I actually should say a whole point lower These are primates These are men age 25 to 54 So some people retire But primate is what you really want to worry about because these are people who should be working And what we're seeing is mostly men with a high school education or less tend to be the ones who leave and don't come back And has anyone analyzed the reasons why they might be dropping out Yeah I mean this has been a mystery that's been troubling our economist for a lot of years I mean the subsequent might be that if you don't have a lot of education it's a harder economy to make money in now I mean a lot of routine jobs are disappearing So it could be just harder to find a job Americans move less So if you're in a region that lost a lot of jobs to technology or globalization they might just not be jobs in your area It also could be impact of the opioid epidemic There's two theories there one is despair that you're so upset about not having a job that you're going to take opiates The other is that you end up with an opioid prescription and taking over your life So it means you have to be on disability and don't work There's also a rather intriguing theory which is we have better leisure options Like before what would you do if you're a home all day Now you can play video games or watch good TV So not getting a job is a little bit more compelling than it used to be How does it compare to women How often are women dropping out of the workforce I mean we see some with the pandemic as you would expect because of all the child care issues But women it's been an opposite trend For a lot of years women were entering the labor force as you'd expect with birth control more women's equality For years we had this trend of more women entering the labor force But as leveled off it hasn't gone down We don't see women leaving the labor force quite as much but we don't see the gains we are seeing that started in the 1960s So this dropout how does it affect families and how does it affect the economy as a whole Well I mean if you can imagine it's terrible But if you're from an economic perspective I mean this is a sizable population And the more people you have working and engaged with the economy the more the whole economy grows the more people benefit also socially it's very destructive This could be a reason although the causality is still uncertain about why there's less marriage about why families are less secure If you have a non working father the son is less likely to get education and work himself As I said the reason why I brought up the brothel in the beginning of this story was that I was just struck by how many women I met in the brothel came from families where none of the men worked or if they're a man who worked intended to be the grandfather and just you had this just women who lived in communities were very few men worked And I'm not saying that's why they ended up in the brothel But I think that's another example of how destructive this can be What kind of policies could change this Well you know I think it's a hard nut to crack It's hard to actually execute this A lot of the policies are around training I said if the problem is is that there's just not jobs that their skills and well let's give them the skills And so then we tend to turn to community college Although I think in a lot of ways the evidence for community college is not that compelling often because community college programs don't give people the skills they need There's high dropout rates And to some degree I think that's a bandaid for what's really broken which is not a great secondary school education So I think we could improve that Maybe offer more vocational programs instead of high school that used to be more of a thing It's still a thing but it's not as common as it used to be So I think that's a big thing and also I think making it easier to innocent a little unusual to encourage entrepreneurship I mean there's a lot of ways even if you don't have a lot of skills you can now work you can do various forms of gig works and platforms So we could do things to make that easier to get people more engaged in the labor force Thanks Allison That's Allison schrager columnist for Bloomberg opinion Let's turn now to something that motivates us all to work harder Bonuses But does it always Every employee welcomes their big annual checks but Bloomberg opinions Sarah green Carmichael says ones that are bigger than expected and bigger than those of their colleagues seem to have the biggest effect How.
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"Miller On Bloomberg radio All right coming up in this half hour We're going to take a look at the IPO slash back market for 2022 We go markets at or near all time highs Are we going to have another record year for new issuance in 2022 We'll check in on that Plus we're going to talk to doctor Andrew pecos He's a professor at Johns Hopkins University at the latest on the omnikron and these variants and these vaccines as well But first let's go to great Jared of Bloomberg news It's gonna bloom our business flashback Any opportunity to say spac on the radio the S&P is up while stocks in Europe are headed to a war headed toward a record of at light volume markets including the UK Japan and China are still closed for these holidays The yield on the U.S. ten year note was up 8 basis points to 1.59% Daniel alpert at Westwood capital tells Bloomberg inflation he thinks will fall off quickly I think at the end of this quarter supply chain backups and logistic problems are going to look like something that's been resolved for a long time It's going to be way in the rearview mirror The pandemic era of relief to consumers that caused the enormous spike in consumer demand is already petering out You look at the November personally coming out of these data from I guess two weeks ago And you can see it already Savings rates down below 7% Let's check these markets The S&P is up three tenths of a percent of 13 The dash up two tenths of a percent of 71 and the NASDAQ's up 8 tenths of a percent of a 132 the ten year is down 26 30 seconds the yield is now at 1.6 just happened West Texas intermediate crude is up a half a percent of 75 61 a barrel comics gold is down one and a half percent at $1800 90 cents per ounce The ten year all we already did the tenure of the yam is what I'm looking at one 1530 to the dollar the Euros 1294 the British founded dollar 34 49 That's a Bloomberg business flash Bloomberg markets.
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"To Bloomberg opinion on Bloomberg radio I'm June grosso Gas prices have been on the rise for months The Biden administration is getting political pressure from the prices and Americans are feeling it in their pockets Bloomberg opinion columnist Liam danning has written a lot about energy and commodities and writes that even though any price per gallon beginning with a three provokes panic It's not hitting many Americans as hard as it once did We hear talk about the price of gas how it's so high It's affecting President Biden's popularity even but you don't think it's as painful as it appears No I mean there's this sort of almost totemic quality to any gasoline price that begins with a three or it tends to send us all into a panic But as with the price of anything over time other things change around it People earn more money or they use the product in different ways And that's as true for gasoline as for anything else So I recently I looked at the price of gasoline not just as the headline price but relative to some other things And when you do that you see that actually it doesn't look as high as the attention would seem to warrant So you consider the Toyota rav four crossover SUV Tell us what you discovered Yes So what I was trying to do there was the factor in how the price of gasoline changes over time but so does the efficiency of the vehicles we buy And so does the amount of money that we earn on average per hour And I should say that everything we're talking about is based on averages So I recognize there are people for whom this is a bigger deal I look at the rav four which is a very common size SUV the base 2021 model runs about 27 and a half $1000 Gets about 31 miles the gallon or at least it's rated to get that Now if you went back 5 years ago it was cheaper about $24,000 But it only got 26 miles to the gallon Now having said that gasoline was also cheaper 5 years ago That was kind of back in the middle of the oil crash gasoline was about 25% cheaper It began with a two rather than a three However the average worker also earns more these days on average So I worked out that even though the rav four now costs more nominally and even though gasoline costs more definitely you can actually buy that rav four and run it for the first year working fewer hours than you did 5 years ago And I think that's an important point that people need to remember that although gasoline looks high on a headline basis it's actually pretty small in terms of people's incomes So for example if you look at like disposable personal income gasoline is about 2% of disposable personal income Go back to 2008 for example which is when oil prices hit their all time peak Gasoline was 4% of disposable income And that trendline has been going down and down and down for decades So I think it's important to remember that even though gasoline looks high compared to spending power it doesn't actually look that out aligned with where we were before the pandemic hit I love this line You wrote it's a product of almost mystical importance to the U.S. consumer And could that be because it's something as you're pumping gas you stare at the price and you do that a couple of times a week maybe And so it's a price that you know you really have sort of ingrained in your mind I mean look I haven't done this scientifically I'm pretty certain that if you went up to ten Americans and asked them what the price of gas was and what the price of a gallon of milk was they would get the gasoline price way more often than they get the milk price Because it's there all the time at the side of the road it's there whenever they fill up which is usually every few days or once a week whatever it is So it's just as I say although it's declining as a percentage of disposable personal income it tends to keep that fairly steady share of the American mind share if you will President Biden made a decision to release oil from the strategic petroleum reserve Was that more political decision than an economic decision Well I think it's hard to separate the two I think the way I would characterize it is it was designed to be a short term thing The general outlook for oil is that we're in a tight market right now which should loosen as we head into the first half of next year Partly because oil demand tends to drop in the first half anyway and because we've got new supply coming on I think what Biden had his eye on was that even though as I've laid out three 50 gasoline on average actually isn't that big of a deal because it tends to have a hold over the American voters mind because it's being constantly reinforced on TV and on those signs at the side of the road I think he felt the need to do something to break the momentum that we had seen in oil prices through September and October And I think he saw releasing the SPR barrels as a way of breaking that momentum and politically getting him through to January February when the broader dynamics in the oil market may be friendlier to him Thanks Liam That's Liam denning columnist for Bloomberg opinion Let's turn now to a place that might become the next Austin Texas Arkansas you heard that right Bloomberg opinion columnist Conor San says the state has some desirable traits that could make it one of the nation's next hotspots First of all explain for us how Austin became the place for college grads to go So I think it had some things working at its favor in terms of it was already college town at a state capital that had.