18 Burst results for "Charlie Pallett"
Bloomberg Radio New York
"charlie pallett" Discussed on Bloomberg Radio New York
"And I'm cur in Moscow, U.S. stock index futures are lower this morning. We check the markets all day long year on Bloomberg, S&P futures down at ten points or a quarter percent down futures little changed, and NASDAQ features down half percent or 59 points, ten year treasury down 1430 seconds yield 3.54% Nathan. Karen, let's begin with an earnings disappointment from Intel, the shares are down more than 9% after the downbeat results. And we get the latest live from Bloomberg Steve rappaport. Good morning, Steve. Good morning, Nathan and Karen, Intel's out with a forecast that's one of the worst in the chip maker's history, predicting a gross margin of 37% for this quarter, despite that outlook, CEO pat gelsinger says the company remains focused on the big picture. I want to remind everyone that we are on a multiyear journey. We remain focused on the things that are within our control as we navigate short term headwinds while executing to our long-term strategy. Gelsinger adding, he thinks momentum will stabilize this year, live from New York, I'm Steve rappaport, Bloomberg daybreak. All right, Steve, thank you while disappointing earnings are also taking a toll on Hasbro this morning shares the toy maker or down more than 5% and Bloomberg's Charlie pellet reports that Hasbro is cutting 15% of its workforce. That's 11,000 jobs and it comes after a disappointing holiday shopping season. The company also projected it will fall short of fourth quarter adjusted profit estimates. The company said while its digital gaming business, including Dungeons and Dragons and magic the gathering performed well, its traditional toy business faltered changes to its business plan are expected to result in charges of about $300 million as part of the changes president Eric nyman is leaving the company. In New York, Charlie pallett Bloomberg daybreak. All right, Charlie, thanks. Another corporate story this morning centers on Bed Bath & Beyond the struggling retailers moving closer to bankruptcy and we get more from Bloomberg stuck prisoner. In a filing on Thursday, the retailer said it received a default notice from JPMorgan Chase after breaching the terms of its credit line, but Bed Bath & Beyond warned it didn't have enough funds. The company listed around $2.1 billion of obligations it owed as of November, one analyst said the likelihood of a bankruptcy filing within the next 30 days is relatively high. Earlier Bloomberg reported the company has begun speaking with potential lenders on funding the firm during bankruptcy proceedings. In New York, I'm Doug prisoner Bloomberg daybreak. All right, Doug, thank you. Turning to the markets now, U.S. futures are lower as we close out the trading week. At the same time, the S&P 500 is coming off its highest close since early December. Patrick Paul free is senior equity strategist at Credit Suisse. I think the equity picture right here actually looks pretty good. I mean, we've seen the market rally almost 11% since the end of September. We're up four and a half percent year to date. And really that's in response to the fact that we are having interest rates come in credit spreads are narrowing in the vix is falling. That is a good backdrop for risk. And credit. Senior equity strategist Patrick Paul free is also watching the fed. He sees two more rate hikes coming from the Central Bank followed by a pause. Well, key inflation report for the fed comes out this morning, Karen, December's personal consumption expenditure prices, forecast to be unchanged, while the core rate rises three tenths. We get more on the upcoming inflation report from Bloomberg economics correspondent Michael McKee. The data should continue a string of good news on inflation, falling energy prices and holiday discounts to clear merchandise will put downward pressure on the fed's favorite price index. And the year over year change in both headline PCE and core are likely to come in softer than fed officials had forecast. The income and spending numbers may not be as cheerful with incomes barely rising and spending set to drop, retail sales were down in December. The report will tell us whether that meant more was spent on services or whether consumers simply pulled back. Michael McKee, Bloomberg daybreak. Michael, thank you, turning to Washington. There may be some movement in the fight over the death ceiling. Bloomberg news has learned House Republicans are considering a short term increase until September 30th. That would allow more time to negotiate with Democrats, so it's not clear whether they're open to it. Republican congressman dusty Johnson of South Dakota says this issue will get resolved. What we're getting is a credit card Bill and it is a whopper. And I get it. We have to pay the credit card Bill. We absolutely should not default in our debt. But when a company gets that credit card Bill show up in the mail, it is exactly the right time for that. I'm going to sit down and have a family conversation about how do they get the spending under control. Congressman dusty Johnson, spoke with our Washington correspondent Joe Matthew on Bloomberg sound on, catch the show a weekdays at 5 p.m. eastern on Bloomberg radio or subscribe to the Bloomberg sound on podcast. Turning to geopolitics Karen, the U.S. is limiting China's access to advanced semiconductor equipment, and now Japan and the Netherlands are poised to do the same. Bloomberg daybreak Asia anchor Brian Curtis has more from Hong Kong. Sources say the three countries are on the verge of forging a powerful alliance. It will undercut China's ambitions to build its own ship capabilities. Bloomberg's Edwin Chan says it would be a black eye for China. This would be a significant victory for the Biden administration. It's something that the U.S. could not have done alone contained China's ship ambitions if key allies such as the Netherlands in Japan refused to participate. The talks could conclude as soon as today. In Hong Kong Brian Curtis Bloomberg day right. All right, thank you. It is currently we're watching futures this morning, S&P futures lower, down to tenths of a percent or 8 points right now, down futures are little change at NASDAQ futures are down four tenths of a percent or 52 points and straight ahead, we have your latest local headlines plus a check of sports and this is Bloomberg.
Bloomberg Radio New York
"charlie pallett" Discussed on Bloomberg Radio New York
"From Bloomberg world headquarters, I'm Charlie pallett stocks rose in a broad based rally today the S&P 500 had its biggest one day gain this month, albeit in thin holiday trading, S&P up 66 points higher by 1.8% clawing back all of the losses suffered in the previous two days. The Dow was up 345 up 1% NASDAQ up 264 points today up by 2.6% that has stacked 100 index up two and a half percent, Russell 2000 up 2.6%. Ten year yield 3.82% and the two year 4.36%. Spot gold at 1814, the ounce, so while West Texas enemy crude was down 7 tenths of 1%, 78 40 for a barrel of WTI again recapping, stocks higher today with the S&P up 66, a gain of 1.7%. I'm Charlie Palatin, that is a Bloomberg business flash. You're listening to Bloomberg sound on on Bloomberg radio. I'm Madison mills in for Joe Matthew. Congress gets back to work on January 3rd next week that holiday really did fly by for everybody. So what's at the top of their to do list? Joining us to discuss is U.S. representative Brendan Doyle from Pennsylvania, Brendan, thank you so much for being here representative. We're going to get to congressman George Santos news, but I want to start on your priorities, particularly as part of the House ways and means committee. That committee voting to release Trump's taxes. I got to wonder, are you concerned at all about counter investigations? Republicans going after Democrats in the same way, moving forward. Well, first it's great to be with you. As a member of the House ways and means committee, I did vote to release those tax returns. There has been sort of a threat from the other side that this would create a new precedent. That's just not so for two reasons. First, every president since Nixon has voluntarily released their tax returns every single year. So Trump was pretty much a unique situation. If Republicans are threatening to say release Joe Biden's tax returns, well, great. They're already public. People can check them online. The second thing is let's not forget the courts four different times found in our favor, including the United States Supreme Court trust in late November. They found that we had a legislative purpose in going after these tax returns. And sure enough, look at what we found. I mean, already the two reports, one of which was the joint committee on taxation, they did report on the returns. And they show that, in fact, it is good news that we expose this because the IRS was not doing what they were supposed to do. They were not doing the annual audits of the president's taxes, which they're supposed to do by law. It sounds like you have a clear picture on that, but I wonder how you're feeling about other issues that are going to come up in the House ways and means committee, especially as Republicans take control. What do you think is the single biggest legislative issue heading into 2023? That you and your Republican colleagues across the aisle might struggle to find consensus on. Well, as you mentioned, and we talked about a number of the ways in the committee, but I'm also the incoming ranking member of the House budget committee. And as I look at 2023 and especially if I were to look at what I'd be most concerned about, it is the fact that Republicans from Kevin McCarthy to John thune, the Senate to every single one who's currently running for budget committee chair. They have all said that they will refuse to raise the debt ceiling unless Democrats given the certain demands about cutting social security and cutting Medicare. This is dangerous rhetoric. We came very close in 2011. I wasn't here at the time, but certainly we'll all recall that then the Tea Party Congress that swept in after the November 2010 elections, they went about almost not raising the debt ceiling. The United States came very close to defaulting on our debt for the first time in U.S. history, which would have had a cataclysmic effect, not just in the American economy, but the worldwide economy. So that's an issue. I've been active on it for years attempting to reform the way in which we raise the debt ceiling. This issue is going to be front and center in my committee and for me personally. I do believe based on current projections. Secretary Yellen will have to use what are called extraordinary measures in the first quarter because of our bumping up against the debt ceiling and then certainly by late summer Congress will have to act. Yeah, the debt ceiling is a big issue. We follow it very closely. Here at Bloomberg, but I do want to talk about Ukraine funding. I wonder, is there potentially a danger of us draining funding and investment for something like Ukraine? Are you concerned about that? Or do you think that potentially zelensky's visit mitigated any concerns from Republicans about diving deep into that funding? Well, as president zelensky said in his speech and I was present for it in the House chamber, this is not charity. This is in American interest that we are aiding Ukraine in this fight. The United States has proudly led the free world ever since the end of World War II in standing up to first Soviet and now Russian aggression. If we were to turn our backs on Ukraine, it would be a great mistake. It would only encourage Putin to start further wars in Europe. I'm very proud of the fact that so far, support for helping Ukraine has been bipartisan, especially in the Senate. Obviously on the house side, you do have a vocal minority of House Republicans that have been against supporting aid to Ukraine. My concern is as we get into next year that if Kevin McCarthy somehow holds on by his fingernails being speaker, he will be so beholden to the ultra maga extremists like Marjorie Taylor Greene that, in fact, he may be looking at a way out in terms of supporting Ukraine. So cautiously optimistic, however, there are the potential problem spots in the year ahead. All right, congressman Boyle, we got to talk about George Santos here before we let you go. Are you planning to object to seating George Santos on January 3rd? Well, first I've been away from the news for the last few hours, so I don't know if George Santos has claimed to be yet another ethnicity or another religion. Since it seems every few hours, there's something new coming out about the talented mister Santos. I think the real question here is what will Republican conference leader Kevin McCarthy do? He has been totally silent. Typically when although there is not really been a situation as dramatic as Santos, but in other instances in which you've had members of the House, they misbehaving. It's typically disciplined on your own side. You have seen a few congressional Republicans speak out stating the obvious that this is beyond the pale. It demands an investigation. Kevin McCarthy has been totally silent. Is he so desperate and craven to become speaker that he will just silently accept Santos vote and really not say anything about this complete fraud? Well, congressional leaders in the past have asked for ethics inquiries when issues of credibility like this have come up. If you had to grade Kevin McCarthy's response to this so far, what letter grade would you give him? Well, it's either an incomplete or an F, it's been completely nothing. He hasn't said one word, it's quite embarrassing, actually. And when you look at the Republican majority, it's very thin, it's the exact same slim majority that we Democrats have for the last few years. As you look into as you look ahead to years and you consider so many Republicans will be running such as first term members and challenging districts, I can't imagine they feel great about the fact that they have a Republican leader who can't even do the right thing and stand up and speak out against Santos. I got to wonder on Santos too whether and what his committee assignments might look like. What do you think about that? Well, at this point, I think mister Santos probably should worry a little bit more about the criminal investigations that are happening now in New York into him as well as potential further investigations. I'm very curious to find out how exactly his campaign was funded, how he went from a net worth of about $5000 to a few million to the point that he could loan his campaign three quarters of a $1 million. He has a lot of questions to answer. If you want to my free advice, worrying about his committee assignments should be last on his list. Congressman Brendan Boyle really appreciate you joining us and having that candid conversation with us about the next session and of course your thoughts on congressman Santos really appreciate it. We're going to continue to cover all of this right here on sound on. I'm Madison mills. This
Bloomberg Radio New York
"charlie pallett" Discussed on Bloomberg Radio New York
"From Bloomberg world, headquarters, I'm Charlie pallett harder than expected PPI, U.S. stocks are trading mix. We've got the download, the S&P up barely NASDAQ in the green higher by 19 now up by about two tenths of 1%. Bottom line here, stocks are facing a lot of instability with traders weighing mixed economic numbers, amid bets they will not be enough to deter the Federal Reserve from reducing the pace of tightening next week as recently signaled. S&P 500 wavering is an unexpected drop in short term inflation expectations, tempers worries with a hotter than expected PPI report this morning. The S&P up now by one point the Dow is down 43 a drop there of one tenth of 1% as stack the composite index up 20 points up by about two tenths of 1%. The NASDAQ 100 index up by three tenths of 1% under retreat today for the Russell 2000 down by four tenths of 1%. The tenure yield 3.56%, the two year yield 4.30%, spot gold up $9 ounce, 1798 up by 5 tenths of 1%, West Texas intermediate crude oil down 5 tenths of 1%, 71 O 6 for a barrel of WTI. Among the day's economic reports, the University of Michigan's consumer sentiment index rose in early December on a somewhat improved inflation outlook, consumers now see prices rising 4.6% over the next year, less than the prior tally. Joanne Shue is head of consumer surveys at the University of Michigan. So the
Bloomberg Radio New York
"charlie pallett" Discussed on Bloomberg Radio New York
"Com the Bloomberg business and at Bloomberg quick take. This is a Bloomberg business line. From Bloomberg world, Hank waters, I'm Charlie pallett Federal Reserve bank of Cleveland president Loretta masters, says while she is encouraged by October's that of an expected inflation report, she remains more concerned the Central Bank could fail to sufficiently tighten monetary policy. Stocks are spiking by the most in two years on CPI relief. Right now we have got the S&P up by a 164 points. That is a gain of 4.4%. We're close to session eyes. The Dow off now by 882 points up 2.7% that has stacked composite index rallying 660 22 points up 622 points higher right now by 6%. Bitcoin up 10.3%, 17,365 now on Bitcoin, the ten year yield 3.84% with a two year 4.32%. Gold up two and a half percent rallying $43 yards to 1749, while West Texas and immediate crude oil is up 1.1%, 86, 81 a barrel on WTI. Kathy Woods flagship fund is on pace to have its best day on record as risky assets bounce following a softer than expected inflation report, the ark innovation ETF AR KK on the ticker, up now by 12.3%. I'm Charlie Palatin, that is a Bloomberg business
Bloomberg Radio New York
"charlie pallett" Discussed on Bloomberg Radio New York
"From Bloomberg world, headquarters, I'm Charlie pallett stocks lower now ahead of tomorrow morning's jobs report this following yesterday's route that was driven by fears that a deeper recession could be in store with the fed expected to hold rates at a higher level for a longer period to tame inflation. S&P 500 Index has trimmed much of a slide that was at one point down one and a half percent. Right now the S&P is down 14 points to drop there of four tenths of 1%. The Dow lower by 15 choppy session there down less than one tenth of 1%, and we have got the NASDAQ composite index down 85 points down 8 tenths of 1% of the stack 100 index is down by 1%. The ten year now yielding 4.13%, the two year 4.70%. Spot gold down $6 the ounce to 1628 dropped their four tenths of 1% while West Texas and media crude is down 1.2%, 88, 98 barrels. So again, recapping the Dow, the S&P NASDAQ all trading lower right now. Peloton interactive delivered a weaker forecast for the current period than Wall Street had been expecting and today we do have peloton shares right now as we check the Bloomberg we've got peloton shares trading up by 1.7%. I'm Charlie palette, and that is a Bloomberg business flash. Bloomberg opinion informed perspectives and expert data driven commentary on breaking news. It is time now for Bloomberg opinion. Welcome today, columnist Faye flam, who has a column on the Bloomberg today about COVID and in case you thought we were okay
Bloomberg Radio New York
"charlie pallett" Discussed on Bloomberg Radio New York
"Quick tape. This is a Bloomberg business flash. From Bloomberg world headquarters I'm Charlie pallett the largest American barge operator Ingram barge has declared a force majeure on the Mississippi River, the U.S. Army Corps of engineers says low water levels have significantly delayed river traffic. The Mississippi is crucial to transporting grains, soy and corn and the situation comes in the middle of the critical U.S. harvest. Stocks came back lower after a bounce that started around noon in New York and was attributed to a big option trade the Dow, the S&P and NASDAQ all declined today. We did see the S&P 500 Index fall by 7 points down two tenths of 1%, snapping that big, monster two day rally. The Dow lower by 42 points down one tenth of 1% NASDAQ down 28, a drop there of three tenths of 1%. Ten year yield 3.75% the two year year old 4.13% spot gold down 5 tenths of 1%, 17 16 the ounce and West Texas intermediate crude up 1.7%, 88 a barrel on WTI. Bottom line here, poker face for the U.S. stock market the Dow, the S&P and NASDAQ all lower S&P down 7, reversing course down two tenths. I'm Charlie Palatin. That is a Bloomberg business flash. No wind before the wind water yes indeed. Look, Kenny Rogers for you. But yes, you need to know when to fold them and that's what we're talking about with
Bloomberg Radio New York
"charlie pallett" Discussed on Bloomberg Radio New York
"Bloomberg quick take. This is a Bloomberg business live. From Bloomberg world, headquarters, I'm Charlie pallett's CPI Tuesday steep losses for the U.S. stock market right to the numbers because we have got the Dow close to session lows down 880 points right now a drop of 2.7%. The S&P is down a 124 that is a drop of just over 3%. Now stack down now by 480 a decline of 3.9%. Ten year yield 3.43% the two year yield 3.75%. Spot gold is tumbling $19 the ounce to 1705 down 1.1%, Bitcoin today is tumbling 7.4%, 20,751, while West Texas enemy crude oil is down 2.3% to 85 75 a barrel. Stocks extended losses treasury yield spiked higher across the board after hotter than expected inflation data fueled bets on jumbo rate hikes by the Federal Reserve next week. Lara reim is chief economist at FS investments and right here on the balance of power with David Weston, she characterized today's CPI report like this. It's whack a mole at this point. Every time you see one area of deflation or inflation sort of start to back down or cool a whole nother area heats up. So today's inflation data fueling bets for a jumbo rate hike by the Federal Reserve next week. Again, the S&P is down a 127 points down now by 3.1%, ten year, 3.43% to your worth repeating 3.75%. DraftKings will be the exclusive pre game and in game odds provider for Amazon.com's Thursday Night Football game, the sports betting company said a signed a multiyear agreement with Amazon that also includes same game parlays that will be available on the DraftKings sports book app. Today we're seeing DraftKings shares down 4% Amazon down 5.3%. One O two on Wall Street time now for the market drivers report with a focus on American depository receipts, here she is Abigail Doolittle. Thanks Charlie and similar to U.S. equities. Lots of red and selling for the major ADRs that we cover here, given that the higher than expected CPI is the impetus for the sell off as you really outlined. Rates rising on the idea that the fed will have to continue to hike rates higher aggressively. We're seeing tech sell off the most for ADR's valuation becomes richer on the prospect of those higher rates. So SAP, the German software ADR, it's down nearly 3% ASML, the chipmaker base in the Netherlands, this ADR is down 5% as European communications and networking ADRs are down more than 2%, turning to China, the familiar ADRs are down
Bloomberg Radio New York
"charlie pallett" Discussed on Bloomberg Radio New York
"Bloomberg world headquarters, I'm Charlie pallett right now. We do have stocks trading a little change. The Dow has turned around since our last update up 24 points now up by about one tenth of 1%. S&P down 11 lower by three tenths of 1%, and as a stack down 62 drop there are 5 tenths of 1% as stack 100 index down 8 tenths, Russell 2000 up by 7 tenths of 1%. The ten year yield now 2.82% two year 3.22%, gold is down 9 tenths of 1%, 1774, the ounce, while West Texas intermediate crude is up 8 ten to 1%, 89, 25 a barrel treasury sank after data showed a booming labor market that might prompt the Federal Reserve to raise rates sharply at its next meeting now at one point the S&P was down 1.1% as investors speculated the threat of recession has receded enough that corporate earnings can remain robust. Great sensitive sectors such as big tech, also retreated. But right now we've got the S&P lower by 11 down three tenths of 1% and again as we recap that ten year yield 2.82%. I'm Charlie peloton that is a Bloomberg business flash. Bloomberg opinion informed perspectives and expert data driven commentary on breaking news. It is time now for Bloomberg opinion and welcome today, senior markets editor John authors who has a column that answers one of the pressing questions from me in the 7 years I've been at Bloomberg, which is what is BOE stand for. I had thought it was Bank
Bloomberg Radio New York
"charlie pallett" Discussed on Bloomberg Radio New York
"Is a Bloomberg business launch. From Bloomberg world headquarters, I'm Charlie pallett semtech is going to acquire Sierra wireless for $31 a share in an all cash transaction representing a total enterprise value of about $1.2 billion. Lots of after the bow news today PayPal Holdings hits stock up 11% after saying it expects to record $900 million in savings this year from cost cutting, which have included laying off workers and shuttering offices, the company also announced that activist investor Elliott investment management is now one of its largest shareholders. Airbnb said revenue in the current quarter will be the highest in its history allowing the home rental company to start a $2 billion share repurchase program but after ours, Airbnb is down now by about 5%. Stocks fell after Federal Reserve officials signaled the Central Bank is still intent on raising rates until inflation is under control. Nancy Pelosi's trip to Taiwan also weighing on investor sentiment. S&P down 27 down 7 tenths, the Dow dropped 402 down 1.2% as stacked down 20 a decline of two tenths of 1%. Ten year old 2.70% spot gold 1760 the ounce, West Texas intermediate crude up 6 tenths of 1%, 94 42 a barrel. I'm Charlie pellet, and that is a Bloomberg business flash. This is Bloomberg sound on on Bloomberg radio. It's from the kofte playbook, I can only assume, or was that Kofi. I never quite got it right from the former president. Endorsing Eric without a last name, even though there are two Eric's running in the Republican primary
Bloomberg Radio New York
"charlie pallett" Discussed on Bloomberg Radio New York
"From Bloomberg world, headquarters, I'm Charlie pallett Pinterest shares surging after ours up by about 20% after reporting resilient sales and user numbers and Eliot investment management confirmed its stake as the companies top shareholders saying it approved of the company's leadership. Equities snapped a three day rally today as investors digested hawkish comments from Federal Reserve officials and data showed slowing growth in the manufacturing sector, a down day for the Dow, the S&P and NASDAQ to kick off the new trading month, S&P was down 11 down three tenths of 1% the Dow down 46 down one tenth of 1% NASDAQ down 21, a drop of two tenths of 1%. Ten year yield 2.58%, the two year yield, 2.89%, spot gold, 1772, the ounce, while West Texas intermediate crew dropped 4.8% today 93 89 a barrel. Recapping S&P down 11 choppy session dropped a day of three tenths of 1%. I'm Charlie Palatin that is a Bloomberg business flash. You're listening to Bloomberg sound on with Joe Matthew on Bloomberg radio. The target has been named President Biden will tell the nation tonight in an address at 7 30 p.m. Washington time. But a successful U.S. counter terrorism operation was carried out over the weekend in Afghanistan. The Associated Press says that target was Ayman Al zawahiri, the terrorist known for being
Bloomberg Radio New York
"charlie pallett" Discussed on Bloomberg Radio New York
"At Bloomberg quick tape. This is a Bloomberg business flash. From Bloomberg world headquarters, I'm Charlie pallett meta platform shares now down by 2.8% after ours, meta, which runs Facebook and Instagram, reported its first ever quarterly sales decline, citing advertisers shrinking budgets. Stocks rallied today treasury yields fell with the dollar on a fed Wednesday as Jay Powell said the Federal Reserve will slow the pace of rate increases at one point, while adding that officials will refrain from offering clear guidance on the magnitude of their next move, about 85% of S&P 500 companies advanced today the S&P up one O two up 2.6%. The Dow was up 436 by 1.4% NASDAQ up 469, a gain of 4.1%. Ten year yield 2.78%, the two year yield 2.99% got a spot gold, 1734 the ounce, West Texas and immediate crude up 2.4%, 97, a 26 a barrel on WTI. Again recapping ten new yield 2.78%, S&P advanced 102 points today up 2.6%. I'm Charlie that is a Bloomberg business flash. This is Bloomberg. Sound on with Joe Matthew on Bloomberg radio. We've been talking about the chip act now for 18 months. I've been saying over a year, I actually looked at that today 18 months in the making. So I guess we can call it history, being made, the yeas are 64, the nays are 33 and the
Bloomberg Radio New York
"charlie pallett" Discussed on Bloomberg Radio New York
"From Bloomberg's world headquarters, I'm Charlie pallett, President Biden says he expects to speak to Chinese leader Xi Jinping within the next ten days, a rare discussion between the two men, Biden made the comment while speaking to reporters after a trip to Massachusetts to discuss his climate agenda. Tesla shares higher after ours up by 1% Tesla reported second quarter earnings that did beat Wall Street estimates. It was an update for the Dow, the S&P and nez stack today with the S&P gaining 23 points higher by about 6 tenths of 1% of volatile session, the Dow is up 47 up by about one tenth of 1%, NASDAQ up 184 by 1.6%. Ten year yield 3.01%. Today we had gold, little change, 1696 ounce, West Texas and immediate crew down 1.9% one O two 26 a barrel and as the nation swelters natural gas surged 10.2% to $8 per million BTUs. Recapping stocks higher, S&P up 23 up by 6 tenths of 1%, now back to sound on with Joe Matthew. I know a lot about wind. I know a lot about wind. And it doesn't blow. You can forget about television for that night. Darling, I want to watch television. I'm sorry. The wind isn't blowing. And they say the noise causes cancer. You tell me that one, okay? You know, the thing makes it so if you have a windmill anywhere near your house, congratulations. Your house just went down 75% in value. You know, we have a world, right? So the world is tiny compared to the universe. Tremendous if you're into this tremendous fumes, gases are spewing into the atmosphere. And then all of a sudden it stops the wind and the televisions go off. And your wives and husbands say darling, I want to watch Donald Trump on television tonight. But the wind stopped blowing and I can't watch. There's no electricity in the house, darling. You forget what a routine he had. I mean, this is like every time he spoke, he got the rap on windmills, and I just thought, my goodness, if we're talking about Joe Biden, laying down new initiatives
Bloomberg Radio New York
"charlie pallett" Discussed on Bloomberg Radio New York
"We're on Bloomberg world headquarters I'm Charlie pallett repeating our top story federal judge in Florida has voided the national mask mandate covering airplanes and other public transportation as exceeding the authority of U.S. health officials Today's decision by U.S. district judge Catherine kemball mazal in Tampa also says the Centers for Disease Control and Prevention improperly failed to justify its decision and did not follow proper rulemaking Stocks are trading higher right now In fact best level of the session stocks are racing in earlier drop light trading treasuries ticking lore as investors focus on corporate results and prospects for faster policy tightening by the Federal Reserve Among those corporate reports this morning we heard from Bank of America it shares up now by 4.3% S&P up ten a gain of two tenths of 1% for Dao's advancing 79 points also up two tenths of 1% as stack up 5 and a half points right now up by less than one tenth of 1% The ten year yield now 2.86% spot gold virtually flat on the day up 50 cents the ounce right now to 1978 while West Texas and media crude rallying above $109 a barrel again up by 2.4% Brent the global benchmark at one 1457 up now by 2.6% Recapping stocks higher S&P up ten points right now of two tenths of 1% I'm Charlie palette that David Weston is a Bloomberg business flash Thank.
Bloomberg Radio New York
"charlie pallett" Discussed on Bloomberg Radio New York
"12 Bloomberg world headquarters I'm Charlie pallett sources tell Bloomberg Twitter's board is considering adopting a measure that would protect the company from hostile acquisition bids following billionaire Elon Musk's unwelcome offer to take the company private Those sources say one of the options under consideration is adopting a so called poison pill known as a shareholder rights plan Those people ask not to be identified Twitter shares today did fall by 1.7% Stocks lower treasury yields climbed on speculation the fed will be boosting weights aggressively to contend with decades high inflation the S&P down 54 a drop of 1.2% on the week the S&P was down 2.4% The Dow today down a 113 down three tenths NASDAQ today down 292 down 2.1% Ten year yield 2.82% spot gold at 1973 the ounce crude rallied 2.6% today West Texas intermediate crude now at one O 6 95 a barrel up to date by $2 and 70 cents I'm Charlie peloton That is a Bloomberg business flash You're listening to Bloomberg sound on with Joe Matthew on Bloomberg radio So who will the U.S. send to Ukraine and how far into the country will they go We saw Boris Johnson walking around key a couple of days ago and been a lot of questions about whether President Biden should do the same No trips are planned at this time The White House tells us Thanks for being with us on the fastest hour in politics I'm Joe Matthew in Washington lucky to continue our conversation with ambassador Thomas Pickering That idea ambassador thanks again for standing by for me The president talked to Bloomberg's Jenny Leonard the tarmac at joint base Andrews and he said yeah we're going to be deciding right now whether we should send an official Does that tickle the diplomat inside of you Is that a good idea I think it's always a good idea to make sure that friends and allies particularly in Ukraine which is now under massive attack and by the way doing very well Russian cruiser that they hit in the Black Sea has sunk apparently Is very very important to do that and sending somebody of significant to president Biden reinforces that particular set of relationships and can once again chicken with president zelensky who's I think Ben almost in daily telephone contact with President Biden It seems like it's been awfully close to that Should we be setting up shop in lviv right now Is there something to be said for going to the capitol The French have just announced they're going back to Keith That's kind of interesting That's kind of a forward that's kind of advanced I would hope that we would be in the vive even on a temporary basis but I know how difficult it is to run an embassy on a temporary basis and to run it in a place that's pretty far from the capital But there may be things that we can do in the vive including Visa issuance but that's not a high priority We can do that outside as well where the refugee community is mainly relocated So it's important for us to think about the political aspects of that in terms of the same that would be true where we send a senior official of the government close to president Putin Ambassador we're sending another sure we're sending another $800 million in military gear to Ukraine That brings us close to about two and a half billion from what I'm reading Why did we wait to send the heavy artillery Do you see that as rational move based on a shifting strategy or should we have sent all this stuff in the outset Well normally the Ukrainians are apparently practiced on the standard Russian field piece the 130 millimeter and there's a 152 millimeter self propelled gun that they know about And having people switch over to our one 5 5s which is what I have heard we're sending means that a certain amount of training has to be done certain amount of accommodation to that Now how many Ukrainians were available for training and where and when and how much money was available and was the initial parsing out of the money and the things that made the most sense including javelins and the sling drones and the Shoulder fired stinger missiles That may well have been a joint agreement between the two sides normally we do have that And what they thought they needed first was hopefully what we sent if it was available in our supply system to be able to do that Fascinating when you look at the shopping list here ambassador it includes as well helicopters and some pretty good stuff here 11 MI 17 helicopters that also they know how to fly What's the difference What's the difference between sending those and the MiG fighter jets after we spent so much time arguing about them I think that the story on the MiG fighter jets was interesting A number of senior American military officials retired Made the point that they thought that the MiG 29s from Poland were probably at the end of their service life And one even said maybe the best thing to do is to break them up for spare parts to keep the Ukrainian MiG 29s flying You may have been some shortage of pilot personnel on the Ukrainian side I don't know I mean we'd have to answer those kinds of questions to get a really good answer to the tough question that you asked It's a viable question There's nothing wrong with that But normally these things are based on certain factors that have to do with the military effectiveness and how and in what way.
Bloomberg Radio New York
"charlie pallett" Discussed on Bloomberg Radio New York
"Michael kassner And I'm Susanna Palmer in the Bloomberg newsroom No trading for the Russian stock exchange until at least the end of next week The bank of Russia extended a halt to stock trading on the Moscow exchange through at least march 18th The exchange has been closed since February 25th in one of the longest ever shutdowns for a market of the size of Russia's Fertilizer prices continue to surge this as supply upheaval from Russia leaves governments struggling to secure vital crop nutrients We get the story on that from Bloomberg's Charlie pellet It adds to concerns that record global food inflation will accelerate The green markets North American fertilizer index was up 16% Friday to a record prices for the widely used nutrient urea in New Orleans sword 22% also reaching a record and an index for potash in Brazil rocketed a record 34% Russia is a huge low cost exporter of every major kind of crop nutrient Charlie pallett Bloomberg radio Commodities are soaring as we've been saying And oil of course is among them Darwin Kung is portfolio manager and head of commodities at DWS investment management We do see the commodity oil price to be one 30 should the Russian barrels be displaced and not able to come back The latest report we've seen has about 10% of the Russian production about 700,000 barrels that's been rejected not been delivered in the current a month My next crude was last quoted at one O 9 33 a barrel The boys of summer are back but what about the girls of summer The Major League Baseball lockout had barely ended Thursday when mayor Eric Adams brought up equality in the sport The mayor applauded the end of the labor dispute before making a public pitch for women to play in the majors 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 Palmer This is Bloomberg Your listening to balance and power with David Westin on Bloomberg radio China could play a key role in resolving the crisis in Ukraine if it.
Bloomberg Radio New York
"charlie pallett" Discussed on Bloomberg Radio New York
"Those attending large gatherings will be required to show proof of a recent negative coronavirus test regardless of their vaccination status I'm Scott Carr And I'm Susanna Palmer in the Bloomberg news room mounting trash closed firehouses fewer police and ambulances on the street That's all a possibility that New York City is facing come Monday This as a COVID-19 vaccine mandate looms and thousands of municipal workers remain unwilling to get the shots Police officers firefighters garbage collectors and most other city workers faced a 5 p.m. Friday deadline to show proof that they'd gotten at least one dose of the COVID-19 vaccine Workers who don't comply will be put on unpaid leaves starting Monday Related companies lead developer of Manhattan's Hudson yards is taking over three lots in the area from former New York governor Eliot spitzer's company The story from Bloomberg's truly pellet Related bought a 99.9% stake in the sites of 5 11 west 35th 5 O 6 west 36 and 5 12 west of 36 for $77 million according to property records spitzer enterprises will keep the remaining interest The $25 billion Hudson yards project was transformed Manhattan's far west side with giant skyscrapers but have drawn major financial and technology giants KKR Wells Fargo securities and Facebook now known as meta are among companies with offices in the development Charlie pallett Bloomberg radio New York State is setting aside more money to help it weather tough times in the future.
Bloomberg Radio New York
"charlie pallett" Discussed on Bloomberg Radio New York
"And at Bloomberg quick take This is a Bloomberg business lash From Bloomberg world headquarters I'm Charlie pallett we begin with the developing stories some users of Facebook Instagram are experiencing issues with the services according to down detector citing almost 25,000 complaints as of two 57 p.m. Wall Street time earlier this week you recall Facebook social media properties offline for almost 6 hours Facebook shares right now They're up by about 7 tenths of 1% developing story again one Ricky and ion Right now though let's head right over to the first word breaking news desk for today's afternoon call Here he is Bill maloney And good afternoon Charlie you have stocks trading mixed in quiet trade with the Dow currently up 56 point Sessions up one point and NASDAQ is lower by 39 Theo is a ten year old at 1.6% gold is up to a point transports rise a 101 and Bitcoin is trading higher by 1% Among the main 11 SV sectors energy was the big winner today Real estate utilities were in the red and leaders of the upside in the Dow Chevron and IBM Walmart and Walgreens led to the downside In other news CNBC reported that SpaceX hit evaluation of a 100 billion and wrapping things up GM rose as much as 4.9% adding to yesterday's 4.7% gain Live from the first to break a news desk on film alone Okay we thank you very much Bill Have a great weekend and to hear live breaking news over your Bloomberg time squawk squ uah WK on your terminal I'm Charlie paladin is a Bloomberg business flash Thank you so.
Bloomberg Best
New York Auto Show is now fully canceled
"Organizers of the New York Auto Show who had postponed to August are now calling off the event for the year the story from Bloomberg Charlie Pallett mark Scheinberg president of the greater New York automobile dealers association said in a statement quote because of the uncertainty caused by the virus we feel it would not be prudent to continue with the twenty twenty show the move follows cancellations of the Geneva motor show and the north American international Auto Show in Detroit the New York show dates back to nineteen hundred and was set to host the debut of fifty models this