40 Burst results for "Charlie Pellet"
Bloomberg Radio New York - Recording Feed
Monitor Show 15:00 09-19-2023 15:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. 35 laying in a field. There goes a hundred million dollars. That's right. A rounding error at the Pentagon. Thanks for the time, Kaley. We'll meet you back here tomorrow. I'm Joe Matthew in Washington. Bloomberg Business Week starts right now. Live from the Bloomberg Interactive Brokers Studio, we're streaming on YouTube. And on Bloomberg Originals, it's Tuesday, September 19th, 2023. I'm Tim Stenebeck here. Terrell Masser will be joining me shortly here in Hurstead for just a few minutes. We got Charlie Pellet. Hey, Charlie. Hello there and good afternoon. We're looking at a down market right now, but I tell you, we have got a lot coming up right here on Bloomberg Business Week. Not only are we covering the markets, but also too, we've got a conversation about the new world order, the new economic world order, what a Bloomberg economics analysis of foreign direct investment tells us about the geopolitical bets that companies are making. Yeah, that's right. It's today's The Big Take. You can read that story on the Bloomberg Terminal at Bloomberg .com slash The Big Take. Charlie, you mentioned that stocks are falling, bond yields are higher. This on the eve of the Federal Reserve decision, we've got higher oil prices too, Brent topping $95 a barrel. That adds to the concern that interest rates are going to be higher for longer to prevent a flare up of inflation.
Bloomberg Businessweek
Fresh update on "charlie pellet" discussed on Bloomberg Businessweek
"P .m. Eastern on Bloomberg TV and on the Bloomberg app and Bloomberg .com and download The Circuit companion podcast wherever you get your podcasts. Markets, headlines and breaking news 24 hours a day at Bloomberg .com. On Bloomberg television and the Bloomberg Business app. This is a Bloomberg Business Flash. Yes, reporting on Wall Street. We do check markets all day long here at Bloomberg. We begin with a developing story headline right now on the Bloomberg professional service. The Molson Coors beverage company has authorized a $2 billion share buyback program. Molson Coors, which has the ticker TAP, it is down now by 1 .6%. And now let's head right over to the first word breaking news desk for today's afternoon call. Here is Bill Maloney. And good afternoon, are the Charlie. U .S. stocks under pressure from the start as yields continue their move higher. Dow is currently down 80 points as a beast dropped 67 and NASDAQ is lower by 2 .2%. The U .S. Ten year old is now at 4 .81%. Gold is down for oil trading in the green and Bitcoin is market is down by 1 .6%. Among the main 11 SB sectors, only utilities were in the green and leaders upside to the in the Dow. Walgreens and Boeing while American Express, Microsoft and Home Depot each fell 3 % and led to the downside. In deal news, Eli Loley agreed to pay 1 .4 billion for cancer drug maker point bio pharma. And in other news, the Wall Street Journal report that Amazon allegedly used an algorithm to raise prices. Wrapping things up, McCormick dropped to its lowest since 2020 after sales and profit in the U S. I've squawked SQ you a on your Bloomberg Journal. I'm Charlie Pellet that is a Bloomberg Business Flash. I'm running a call. I turn on the radio. How about you let me drive?
Bloomberg Radio New York - Recording Feed
Monitor Show 13:00 09-17-2023 13:00
"Interactive brokers' clients earn up to USD 4 .83 % on their uninvested, instantly available cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. This is Master's in Business on Bloomberg Radio. I'm Barry Ritholtz. Stay with us for today's top stories and global business headlines. They're coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is a Bloomberg Money Minute. Amid a pop in inflation, online prices are continuing a steady decline. They've fallen for 12 straight months and in August they fell by the most since April 2020. Alex Tenzi wrote the story for Bloomberg News and he says the price of goods sold online fell 3 .2 % in August from a year ago. There's a lot of excess inventory out there and competition is fierce for sales. Also helping lower prices and improvement in supply chains. There's no longer these delays at the ports. So all these companies are trying to move the product. So the best way to do that is to lower the price. The latest numbers come from software company Adobe which says there is progress on supermarket inflation. Year over year, food prices are still up 5%. That said, prices fell in August, month over month. Appliance prices were down 7 .3 % while computers were down 14 .2%. I'm Charlie Pellet, Bloomberg Radio. This is the story of a very special woman. Just a few knew about her superpowers. In a matter of seconds, she turned herself into a great mathematician. She masqueraded as a regular person at work but as a superhero at home. Everyone knows her as Gabriella.
Sound ON
Fresh update on "charlie pellet" discussed on Sound ON
"Slow the currency slide certainly Wall Street keeping an eye major on developments on Capitol Hill today with House Speaker Kevin McCarthy's job on a knife's edge Republican Congressman Ben Klein represents Virginia's 6th District. He was interviewed moments ago right here on sound off well it's a it's definitely a historic day this motion to vacate hasn't been used in hundred about years a so it's going to be an interesting day and we'll see how things sort themselves out and you can hear more of that conversation on the sound on podcast you can download it wherever you get get your podcast and of course stay with Bloomberg radio and sound on for the very latest out of Washington again recapping stocks lower S &P down 53 right now drop there of 1 .2 percent I'm Charlie pellet that is a Bloomberg Business Flash.
Bloomberg Radio New York - Recording Feed
Monitor Show 12:00 09-12-2023 12:00
"With Bloomberg, you get the story behind the story. The story behind the global birth rate. Behind your EV batteries environmental impact. Behind sand. Yeah, sand. You get context. And context changes everything. Go to Bloomberg .com to get context. 24 that's according to ESPN. So I don't know somebody's on the hook for that 75 large. Yeah, but anyway, just a terrible, terrible story there. You feel terrible for him and for Jets nation as well. All right, we're gonna have more coming up. This is Bloomberg. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This Bloomberg is Markets with Paul Sweeney and Matt Miller. We got a lot of green on the screen here, but the volume is light. We constantly underestimate the strength of the U .S. consumer. This is a market that's much more optimistic or bullish than maybe the central bankers are. Breaking market news and insight from Bloomberg experts. There's still some concern out there in the market that there is room for things to deteriorate a little bit more than what they're indicating. As small and medium sized businesses struggle, they don't present as much competition. The supply chain has still got dislocations globally and here in the U .S. This is Bloomberg Markets with Paul Sweeney and Matt Miller on Bloomberg Radio. All right. Coming up in this hour, we're going to talk to cruising business. The CEO of Viking Cruise is going to join us via Zoom, so that'll be very cool. We're going to get a preview of what we're going to hear out of Cupertino from Anurag Rana, Bloomberg Intelligence, then Adam Koons, Portfolio Manager, Winthrop Capital Management. I am going to talk to them, not we. I am going to talk to him about the markets coming up and what he's expecting with the CPI stuff. So that'll be a fascinating discussion. That's because I split early. That's because you split early to go do your TV thing. That's okay. Charlie Pellet though, he stays with us. He's got his news for us.
Bloomberg Markets
Fresh update on "charlie pellet" discussed on Bloomberg Markets
"Investors is the strength of the consumer and whether that strength can continue into the fourth quarter Jack Ablin is a chief investment officer at crescent capital and on surveillance this morning with our Paul Sweeney he told us he is starting see to cracks in the consumer. I do think that with excess savings down with some of this federal loan debt out there you know we're already starting to see trends spending trends in foreign travel for example which I kind of view the ultimate discretionary item starting to taper off a little bit and you can hear more on that conversation on the surveillance podcast you can download it wherever you get your gas and Macy's is going to be opening 30 new small format stores by the fall of 2025 as it works to expand its presence outside of traditional malls. Macy's shares down 1 .1 percent today among some other department store retailers we've got Target up by nine tenths of one percent Kohl's down 1 .8 percent. I'm Charlie Pellet and that is a Bloomberg Business Flash. Alright thank you very much Charlie Pellet we appreciate that Molly Smith Paul Sweeney live here in our Bloomberg Interactive Broker Studio. We're also streaming live on YouTube so you can head over to youtube .com and search Bloomberg Radio. Tough day out there in the markets as Charlie was just just reporting lots of red out there let's see where we get some action on some of the individual names we'll check in with Bailey Lipschult he covers all the markets for Bloomberg News. Yeah Paul the vibes as the kids would say are off three all major averages down more than 1 .3 % the Dow erasing gains for the year this coming after yesterday we saw the Russell 2000 erase gains for the year at the equal weighted
Bloomberg Radio New York - Recording Feed
Monitor Show 12:00 09-11-2023 12:00
"Except for instead of training your model to help you with Yahtzee or when it's Scrabble, they're training their model to help their self -driving technology. And these analysts are saying that this dojo could do for Tesla what Amazon Web Services did to Amazon and their e -commerce business, so an interesting way to think about that. We're gonna have more coming up. This is Bloomberg. All right, coming up in this hour, we're gonna check in with Phil Orlando. He's the chief equity strategist at Federated Hermes. Get his thoughts on these markets, and we're gonna break down that consumer M &A trade jam -smucker and hosted deal. We're gonna break that down with a Bloomberg Intelligence analyst. We're gonna speak with Meghan Clark, and she's gonna join us here in the studio. She's the CEO of Croteo. She's gonna join to discuss her company, which is a publicly traded company in the ad tech space. So we're gonna break all that down in the upcoming hour, and we're gonna stay on top of where these markets are. Right now, let's go to news with Mr. Charlie Pellet for the Bloomberg Business Report. Thank you very much, and here's what's going on.
Bloomberg Markets
Fresh update on "charlie pellet" discussed on Bloomberg Markets
"This Markets. This With Paul is is Sweeney a market Bloomberg and Matt Radio. Miller. We got that's There's a lot of much green still on more some the screen optimistic concern deteriorate here, out but the or a there volume little bullish in bit the more is market than than light. maybe what We that This the they're constantly there central is indicating. is bankers room are. Bloomberg for Breaking As small things and to medium sized businesses struggle they don't present as as much competition. The supply chain has still got dislocations globally and here in the US. This is Bloomberg Markets. With Paul Sweeney and Matt Miller. On Bloomberg Radio. coming up in this hour we're gonna check in with Kaylee Lines of Bloomberg Television. She's down in the Manhattan courthouse. Sam Bankman freed his trial begins today so she'll have the latest reporting there. I think they are looking for some jurors there. Plus Josh Joseph CEO of Big Plan Holdings discusses the outlook for the cannabis industry. And then we're gonna check in with Natalie Trevithick. Head of investment -grade credit strategy at paid and regal and see where there's some opportunities in the credit markets out there. in If fact we are higher for longer with this Federal Reserve. Let's kick things off as we do in this hour with Charlie Pellet. Thank you very much, Paul Sweeney. Lots of moving parts. We are looking at a down market today with the Dow, the S &P and NASDAQ all declining. In fact right now we are very close to session lows on the S &P 500 index right to the numbers with the S &P now down 59 points
Bloomberg Radio New York - Recording Feed
Monitor Show 13:00 09-10-2023 13:00
"Interactive Brokers clients earn up to USD 4 .83 % on their uninvested, instantly available cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. Paris Wold is my producer. Attica Valbron is my project manager. Sean Russo is my director of research. I'm Barry Ritholtz. You've been listening to Masters in Business on Bloomberg Radio. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is a Bloomberg Money Minute. It's not just about equal pay. Lawmakers in several states are now telling companies to be transparent about opportunities for promotion. This is the same way wage transparency happened. It starts in Colorado and then it spread to California and Washington and New York City and later this month, New York State. Jeff Green wrote the story for Bloomberg News. The idea is that when you're going to promote somebody into a new job, that that will be available for everyone who's in the company to be aware of. The new rules aim to discourage what's known as the shoulder tap. Somebody will be thinking about somebody for a job. They'll come up to them and say, hey, are you interested in this promotion? And that's maybe no one else is even aware this is going on and the promotion happens and you find out in a memo that you have a new boss. Disparate levels of promotion are seen as one of the key factors explaining why women still earn only about 80 cents on the dollar compared to men. I'm Charlie Pellet, Bloomberg Radio. You took the first step and quit smoking, but even former smokers may still be at risk for lung cancer. That's why SavedByTheScan .org wants you to know about a new low -dose CT scan that can detect lung cancer early. It takes only 60 seconds.
Bloomberg Daybreak Europe
Fresh update on "charlie pellet" discussed on Bloomberg Daybreak Europe
"Fallen deeper into negative territory a sign that interest rates rates have once again become a determinant of stock performance at Bank of America however Savita Subramanian thinks equity markets can still thrive if rates remain elevated the S &P five hundred index log back -to -back drops in August and September pairing some of its double gained -digit this gain year in New York Charlie pellet Bloomberg radio to bring you the latest on television and has been asked about the HS2 rail link yet again the Prime Minister still refusing to announce any decision about whether or not the northern leg from into Manchester has.
Bloomberg Radio New York - Recording Feed
Monitor Show 12:00 09-01-2023 12:00
"I mean, eventually at some point there will be a recession, whether or not it's in the... And that will shift the dynamics there to where people will be coming to the office. Not saying that it is coming soon, but eventually in a business cycle it will happen and people will have to start coming up. I just want to put out the warning out there if you're near the link and don't pull over because I'm coming. I have to say that quickly, John Tucker unfortunately is leaving us, but it's been a pleasure. Simone Foxman's coming up next with us, so everybody stay tuned, but thank you for doing the last two hours. That was great. That was a lot of fun. There's still some concern out there in the market that there is room for things to deteriorate a little bit more than what they're indicating. As small and medium -sized businesses struggle, they don't present as much competition. The supply chain has still got dislocations globally and here in the U .S. This is Bloomberg Markets with Paul Sweeney and Matt Miller on Bloomberg Radio. Jasmine and Simone Foxman here in the Bloomberg Interactive Broker Studio. She's back. She was here a couple of hours ago, so she's up next with us for the next hour. Of course, as we know, Matt Miller, Paul Sweeney do both have the day off, so stick with us over our final hour for Bloomberg Markets. We have Jennifer Lee of Bloomberg Intelligence joining us to talk about the FTC settlement on the Amgen Horizon deal. Also, Eddie van der Walt from Bloomberg News. On latest with the jobs data and Martha Heller from Heller Search Associates on the outlook for tech hiring. But first, let's get a Business Flash with Charlie Pellet. Thank you very much. Yes.
Bloomberg Radio New York - Recording Feed
Monitor Show 16:00 08-31-2023 16:00
"Here to date we do have the S &P 500 index up 17 % as we wrap up the trading month of August. To put that in context, NASDAQ up 34 .2 % and the NASDAQ 100 index higher by 41 .2 % year to date. The Dow by comparison up now by just about 4 .8 % in the year to date column. S &P 500 index at the bell closing lower down 0 .4 % tenure yield 4 .09 % we've got the 2 -year yielding 4 .86 % on the 2 -year and spot gold lower today by 0 .1 % in 1940. West Texas Intermedia crude up 2 .4 % 83 .56 % so again recapping a move lower as we wrap up the trading month of August. Next it is on to September we'll see in September with the S &P today down 7 points a drop there of 0 .2 % I'm Charlie Pellet and that is a Bloomberg Business Flash. All right Charlie thank you so much Charlie Pellet there back at Bloomberg headquarters in midtown Manhattan. I'm Carol Masler along with my co -host Tim Stanavick we're live at the US Open in Flushing Meadows New York on YouTube and Bloomberg Originals. Hey coming up in this hour we're going to talk a little bit about artificial intelligence you've heard of it right? You've heard of it yeah. The question is, is it about to replace my job? Listen we're going to talk to Noah Seiken over at IBM he's VP of sports and entertainment partnerships at IBM and yeah they're using AI to do commentary on some of the matches right working on it? Can they do the can they do the John McEnroe stuff though that's what I'm wondering. Nobody could be or maybe they could be I don't remember that deep thought remember the deep fake story? Yeah that's true. All right also coming up Bloomberg's Janet Lauren she's always at the US Open always keeping us up to date too and all things to have to do with the world and big money of higher education finance.
Bloomberg Radio New York - Recording Feed
Monitor Show 12:00 08-29-2023 12:00
"On the other side of the coast. Last time I went to San Francisco, I did some Zillow -looking. It was rough. I was like, wow, I don't know that I could afford that. I'm going to stay in my rent -stabilized apartment. Even though I currently don't have cooking gas, it's a long story, but I could hang on to this one for the cheaper rent. Well, maybe you should put your money in stocks. We're watching the S &P up over 1 % today, the Nasdaq up 1 .5%. More markets starts right now. It's an insight from Bloomberg experts. There's still some concern out there in the market that there is room for things to deteriorate a little bit more than what they're indicating. As small and medium -sized businesses struggle, they don't present as much competition. The supply chain has still got dislocations globally and here in the U .S. This is Bloomberg Markets with Paul Sweeney and Matt Miller on Bloomberg Radio. Jess Mitten and Simone Foxman here in the Bloomberg Interactive Brokers Studio. Matt Miller and Paul Sweeney, of course, have the day off, but stick with us for our final hour of Bloomberg Markets. Coming up, we do have Fernando Valli of Bloomberg Intelligence to talk with us about the impact of possible strikes at Chevron in Australia, Molly Basel of CoreLogic on the latest findings in the CoreLogic Kay Shiller Home Price Index, and Sandy Villari, Portfolio Manager at Villari & Co. to chat with us about his stock picks and the outlook for global markets. But first, let's get a business fast with Charlie Pellet of Bloomberg News. Thank you very much, and here's what's going on. We have got the...
Bloomberg Radio New York - Recording Feed
Monitor Show 13:00 08-20-2023 13:00
"Follow all of the Bloomberg family of podcasts on Twitter at podcast. I would be remiss if I did not thank the crack team that helps put these conversations together. My audio engineer is Justin Milner. My producer is Paris Wald. My project manager is Atika Valbron. My researcher is Sean Russo. I'm Barry Rituls. You've been listening to Masters in Business on Bloomberg Radio. Broadcasting 24 hours a day at bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is a Bloomberg Money Minute. Gasoline prices have been on the rise and motorists will likely be paying even more. We expect to see energy prices, particularly oil prices, continue to head of U .S. energy for the global accounting firm KPMG and she says there are a number of reasons contributing to the higher costs. OPEC agreed to extend their production cuts through the end of 2024. That was originally through 2023. And closer to home, you cannot ignore the threat of severe weather. We're coming into peak hurricane season in the Gulf Coast and 15 percent of the U .S. production is dependent on production out of the Gulf Coast. So we've got some uncertainty there. All of this against the backdrop of world oil demand that surged to a record in June. I'm Charlie Pellet, Bloomberg Radio. This is the story of a very special woman. Just a few knew about her superpowers. In a matter of seconds, she turned herself into a great mathematician. She masqueraded as a regular person at work, but as a superhero at home. Everyone knows her as Gabriella.
Bloomberg Radio New York - Recording Feed
Monitor Show 13:00 08-18-2023 13:00
"Percent slump from the same period last year, that's according to data compiled by Bloomberg. And again, it's become much more of a political issue here in the U .S., whereas when I talked to Tim Craig, head of Bloomberg Intelligence in London, he says ESG investing is more popular than ever in Europe, particularly in the Nordic region. But maybe it's frothier there as a result. Maybe it is. Maybe it is. So essentially, we'll continue to follow the ESG aspect of investing. It's a big part of the market. Sound on with Joe Matthew. It's coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Politics, policy and perspective from D .C.'s top names. While the GOP may hate Joe Biden, they don't hate him enough to interrupt this economic growth. In Georgia, they say elections are run clean. We ran a clean election and Donald Trump can go get indicted. Bloomberg Sound on with Joe Matthew on Bloomberg Radio. And welcome to Bloomberg Sound on. I'm Amy Morris in for Joe Matthew, alongside Bloomberg congressional reporter Billy House on this Friday afternoon. First things first, we're going to check the markets with Bloomberg's Charlie Pellet. Hi, Charlie. We do have the Dow holding on to a 14 point gain right now. S &P, NezStack, they are both in the red NezStack 100 index lower as well. Right now, we have got NezStack down by 54 points, down four tenths of one percent. That's the composite index, the NezStack 100 index down 60, also a drop of four tenths of one percent.
Bloomberg Radio New York - Recording Feed
Monitor Show 13:00 08-06-2023 13:00
"Of 10 % happier. If you enjoyed this conversation, well, be sure and check out any of our 500 previous such discussions that we've held over the past eight and a half years. You can find those at YouTube, Spotify, Apple, iTunes, wherever you find your favorite podcasts. This is Masters in Business on Bloomberg Radio. I'm Barry Ritholtz. Stay with us for today's top stories and global business headlines. They're coming up right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is a Bloomberg Money Minute. Homeowners are staying put, making the hunt for an affordable house tougher than ever. Never before have home hunters been faced with so few choices to choose from. Paulina Cacero wrote the story for Bloomberg News. It's not just that. They're also faced with massive affordability issues, both in terms of home prices and financing. Mortgage rates and borrowing costs to buy a home have doubled at the fastest clip in a decade, and home values have ballooned during the pandemic buying frenzy. And then there are homeowners who would like to sell but are reluctant to do so because they're sitting on a super low mortgage rate. People who would potentially list their homes and add to the market are also looking for a place to move. And so that's where we're really seeing this gridlock in the housing market. According to Credit Karma, among homeowners who say they plan to sell in the next three years, 67 % would be willing to wait until mortgage rates drop. I'm Charlie Pellet, Bloomberg Radio. Sometimes it seems the crises just keep coming for children. COVID, war, drought and famine. They can seem downright relentless. But you know what? So can our...
Bloomberg Radio New York
"charlie pellet" Discussed on Bloomberg Radio New York
"And I'm Charlie pellet, the app Bloomberg world headquarters. Light volume, but equities advanced as investors shrugged off Federal Reserve policymakers warnings that interest rates still need to head higher. Jim carren is chief fixed income strategist at Morgan Stanley investment management. This just means that the fed has more room and they feel emboldened to actually even be more aggressive in hike rates more as long as they have the cushion of financial asset prices to do it because their number one mission is to bring that inflation rate down towards target. Jim carren of Morgan Stanley investment management At city global wealth, David balin believes fed policy may be setting us up for a protracted recession. The fed has raised rates and is going to raise rates more looking at the data on inflation that is behind it, the leading the lagging indicators. That's what they're looking at. And as a result, they're going to have rates go too high, and they're going to keep them there for too long. Citigroup, David bell and Brent crude oil, the global benchmark end of the week below $88 a barrel amrita San is cofounder of energy aspects. No, I think there's a lot of confusion in the market right now, right? And yes, demand in China is weak and this is something we've been saying for some time. Don't get too excited by all the headlines coming out of China about reopening because that reopening isn't happening until April of next year. Amrita San of energy aspects West Texas intermediate crude end of the day down 1.8% just above $80 a barrel. Elizabeth Holmes has been ordered to spend more than 11 years in prison for fraudulently building her blood testing startup thoroughness into a $9 billion company that collapsed in scandal. S&P up 5 tenths of 1% today, the Dow up 6 tenths of 1% NASDAQ was hired by one point. 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 Charlie palette. This is Bloomberg
Bloomberg Radio New York
"charlie pellet" Discussed on Bloomberg Radio New York
"Are coming down. While campaigning for Democrats said as San Diego tech company, Biden said the economy continues to grow. Despite the jobs report exceeding expectations, the unemployment rate rose to 3.7%. Stocks are ending the week lower despite Friday's gains, all three major indexes rose more than 1% for the day and volatile trading concerns about future Federal Reserve rate hikes pressured markets. Tomorrow night's Powerball jackpot is now the biggest ever in the game's history, it's worth $1.6 billion the cash value of that is just over 780 million. There hasn't been a winner since early August when the jackpot was won in Pennsylvania. I'm Brian shook. And I'm Charlie pellet. That Bloomberg world headquarters. I'm on Friday, a losing week for the week, the S&P fell 3.3%, but today's stocks rose as traders weighed mixed jobs numbers while awaiting next week's inflation data for more clues as to when the fed will be able to slow down its pace of rate increases. Anastasia maroso is chief investment officer at I capital. What's clear is that the economy is weakening and you starting to see some parts of weakness in the labor market as well. I capitals at a station more so where does the jobs report leave the Federal Reserve? Randy krasner is a former fed governor now in economics professor at the booth school. The fed will be heartened that we're not seeing an acceleration in the wage in wage growth that it's still around 4.7% where it had been. But it is hoping that that is not going to rise and it's hoping that it may come down a bit as they try to bring inflation down. Randy krasner of the booth school, but Rick Reed or chief investment officer for fixed income at BlackRock financial management is concerned about policymakers going too far. Listen, I think the fed's got to be really careful about that comment about over typing. I don't think we've got to keep veering the vote from one side to the other side. They've moved a lot. I think quite frankly, I think the moves they've made have been brilliant this year. Going further to over tighten, I don't know. That one was, I thought a bit excessive. BlackRock's Rick reader sources tell Bloomberg apple is building an advertising network for live TV as part of its deal to stream Major League Soccer games next year. S&P up 50 up 1.4% the now up 402 up 1.3% NASDAQ up 1.3% as well. 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 Charlie palette. This is Bloomberg
Bloomberg Radio New York
"charlie pellet" Discussed on Bloomberg Radio New York
"Probably going to be a textbook case of crisis creation followed by crisis mismanagement. Trust fired parting, her long-standing ally on Friday to make another major U turn on her economic strategy and a desperate bid to keep her job. Shares of both Albertsons and Kroger declined on Friday on regulatory concerns would get more about that from Bloomberg's Charlie pellet. Albertsons down 8 and a half percent Kroger down 7.3% analyst few regulatory approval as a key concern after Kroger agreed by Albertsons in a deal with an enterprise value of $24.6 billion. Bloomberg's Charlie pellet, 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 Susanna Palmer. This is Bloomberg. You're listening to Bloomberg intelligence with Alex Steele and Paul Sweeney on Bloomberg radio. We'll be here each and every week at this time Tapping into our Bloomberg intelligence analyst covering some 2000 companies and 130 industries worldwide. So in case you didn't know, Ferrari has their latest SUV, I'm not gonna say the name, I'm gonna let the experts say the name. What do you think about that? How about this? Can I give a do it? Oh, and you have an accent going? All right, so pure sangue V12. That is the latest SUV from Ferrari. Most expensive, most profitable SUV on the market. That's according to Bloomberg analysis. But what's driving the data behind that luxury vehicle? We heard it join us as Michael dean Bloomberg intelligence senior European automotive analyst. Michael, did we get the name right, first of all? I think so. That was a pretty good attempt pure Shanghai. Yes. That's what I was thinking. NSU. Okay, so what's the data behind this vehicle at this point? Yeah, so it's a very important car for Ferrari. It's €390,000. So higher than we thought. It's a most expensive luxury SUV out there. They're probably going to set about 3000 units a year for about four years. So it's going to bring in about 4.4 billion of revenue. 2 billion of EBITDA and it's a car that's going to push the group's EBITDA to over €2 billion next year and help enhance the margin as well. So very important car for Ferrari. Who do they think is going to buy this thing? Well, so it's got a full year production run and they say they're pretty close to it being sold out. So they've got plenty of sellers. It's going to be female customers. So enhancing diversity of their brand. And yeah, it's pretty much sold out. So if you want to get one, you need to be quick. I got the strong dollar behind me. Does that help her? So then that point, it might make it cheaper for Paul to buy it now, but if you wanted to could he, not just from how much are they making, but a supply chain issue? Yes. So if you're quick enough, it's more of a backlog issue. And it's a big car as well. So analysts got to see it in July at the market today. It's a big SUV. So it's going to appeal to the U.S. market in particular. It's going to appeal to the Chinese market. So Chinese wealthy buyers prefer four doors. So it's the only four door Ferrari available. So given it's only 12,000 units globally over four years, there's going to be a huge amount of demand for this car. What other vehicle would this vehicle this Ferrari SUV compete against? Is there even a market here? Are they kind of defining a new market? The fastest growing luxury segment is the SUV segment. So you had originally been taken by Bentley, that's selling hugely well, probably at 7000 units this year. You've got the Lamborghini Euros. Again, very successful. 6000 units, you've now got Aston Martin where their DBX SUV and they've just launched a PBX 7 O 7. So it was the fastest SUV out there with the north 60 time in 3.3 seconds, but the Ferrari now matches that. And it's actually twice almost twice as expensive as the DBX. And the actual profitability of one pure sangui is equivalent to the base price of the TBX. So it's entering, as I say, the fastest growing market, you've also got the roll toy Cullinan out there. So it's a market they need to be in. You're so pretty, too. Honestly. They're just so pretty. Can you walk me through the whole EV non EV thing? I'm assuming all the new cars that these guys make have to be EVs, right? Yeah, so that's the powertrain for the people are saying. 6 months ago, there was disappointment because it's not going to be electrified. Really? No. Yeah, so it's a 6.5 liter V12. And luckily enough, when we had a couple of market stay in June, the company provided comfort that they are transitioning to bed. So they're going to have 5% of their sales by 2026, 20% by 2030. So that kind of satisfied investors that they are transitioning. But what it does because it's a pure V12, it's very, very profitable. And what Ferrari is trying to do and the other luxury carmakers excel as many B 12s as they can while a mission legislation allows you to. So I'm looking at this stock here down about 18% year to date. So doing better than the S&P 500 for example and I'm trying 12 month basis up a little bit, actually. But it's got a PE multiple of 37 38. That feels like a luxury multiple to me. Is that in fact how the market looks at it? Yeah. So certainly not at first. So this is interesting proportion, having initially been listed. So Ferrari wasn't at first given that luxury multiple, but over a couple of years, it was being compared to the likes of Hermes. And if it meets its target for 2026, it's going to have an ebit margin of about 40%. So that's getting very close to Hermes. And it shows on a 25% discount to the French company. So yes, it's very much valued as a luxury car company and the idea for their new 5 year plan is to get much closer to Hermes in terms of EBITDA margins. And that's huge. 40% EBITDA target. That's amazing. What do you think are going to be the headwinds to the company getting there? Yeah, so then a very good position because it's not just the pure soundwave, but the tuna, which they're next limited edition cart is completely sold out. Most of their vehicles in the current production run are sold out. So if we encircle recession, we've seen likely in a very good position, pricing wise as we've seen with the price with a choice anyway. They can charge whatever they like for some of these cards. Hey, Michael, really great perspective. We love having you on the show. Thanks so much, Michael dean. Bloomberg intelligence senior European automotive analyst. Coming up on the program, we talk bonds and why performance expectations are improving for the year ahead. You're listening to Bloomberg intelligence on Bloomberg radio providing in depth research and data in 2000 companies
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"War ahead of the U.S. capitol attack, prosecutors in a trial of 5 members of the right wing militia showed the jury evidence of that language being used by Stuart Rhodes to his followers before last year's capitol riot. The number of insurance claims related to hurricane Ian is continuing to increase. Lisa Taylor reports the latest numbers from the Florida office of insurance regulation says more than 375,000 were filed as of yesterday, the total for estimated losses has reached more than 3 billion, which is already up from Wednesday's forecast, the state agency expects claims to continue to steadily rise as residents and businesses assess damages from the category four storm. Days before a fatal knife attack on the Las Vegas Strip a Los Angeles TV photojournalist reportedly interviewed the suspect, a photographer for NBC owned telemundo 52 is now airing a video reportedly showing the man pleading for help near LA city hall. I'm Brian shook. And I'm Charlie pellet. At Bloomberg world headquarters. Losses for the Dow, the S&P and NASDAQ on this jobs Friday, stock traders were hitting the sell button on hawkish fed bets. Data showed a hot labor market, and that will likely keep the Federal Reserve on its aggressive hiking trail. Stephanie Roth is senior markets economist at JPMorgan Chase Bank. With the unemployment rate falling, labor force participation rate ticking down. That was not what the fed wanted to see. And heading into this report, we saw uniformly from Fred presidents talking about a continued hawkish narrative, and this just feeds into that. Stephanie Roth of JPMorgan Chase, today's report keeps up the pressure on the Federal Reserve and it disappointed equity investors, Jeffrey Rosenberg is senior portfolio manager at BlackRock. I think this is a slight disappointment relative to hopes that this report would give a piece of evidence in favor of the camp that there's a slowdown and a pivot underway. BlackRock's Jeff Rosenberg will Wall Street's focus is about to shift to bank earnings with JPMorgan Citigroup and Morgan Stanley all scheduled to report next week, Jessica Bieber is portfolio manager at easterly investment partners. I think next week as we move into earnings, we'll start to hear more about 2023 and long-term plans. And I think that's ultimately going to help stocks in long run. Jessica Bieber of easterly investment partners. Tesla will be delivering its first semi trucks to PepsiCo in December. PepsiCo hopes to have the first 15 on the road by the end of the year. Stocks lower across the board S&P down 104 points down 2.8% again on the week up one and a half percent. The Dow down 630 down 2.1% as stacked down 420 down 3.8%. 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 Charlie palette this is Bloomberg
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"This is a Bloomberg business lash. From Bloomberg world headquarters, I'm Charlie pellet the Dow, the S&P nez stack all in the red this week's losses for the S&P now over 5% right now the S&P is down 57 drop there of a one and a half percent, stocks are extending their slump amid growing concern outsized Federal Reserve interest rate increases will crimp economic growth. We've got that fed meeting next week. Right now we have got the inverted two year or 3.87% of ten year, 3.44%, as I mentioned, the S&P down one and a half percent the Dow now lower by 360 down 1.2% NASDAQ down 206 a drop there of 1.8%. Spot gold up $10 to 1675 up 6 tenths of 1% and a move higher for crude oil WTI West Texas intermediate crude up 5 tenths of 1%, 85, 51 for a barrel of WTI. FedEx shares are plunging after last night's earnings warning. We do have FedEx shares down now by 22%, UPS shares trading lower by 4.9%. I'm Charlie Palatin that is a Bloomberg business flash. Bloomberg opinion informed perspectives and expert data driven commentary on breaking news. So it has a column on the Bloomberg specifically to addressing a new study on lung cancer that could
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"And is an animated anthology show that consists of stand-alone episodes containing different narratives and animation. I'm Brian shook. And I'm Charlie pellet, at Bloomberg world headquarters. Another up week for the S&P 500 Index a fourth straight week of gains, the longest such run since November, stocks ended the week on solid footing with traders assessing whether an inflation slowdown could soon make the Federal Reserve reduce the pace of its most aggressive tightening campaign in decades. Wrong temple is co head of multi asset at lazard asset management. I do still believe it's bear market rally, I mean, I could always be proven wrong. We always have that risk. But when I look at it, I think we need to wait for data next month. I expect CPI to come down again. I'm very interested to see the job numbers. They're mixed signals in the job market. Lazard's Ron temple, San Francisco fed president Mary Daly says the cooler inflation reading for July is welcome news, but the fight against fast price growth is far from over. So when I'm balancing the risks, I'm really balancing how quickly can we bring inflation down without tipping the labor market over and that's why 50 basis points makes sense to me right now. San Francisco fed president Mary Daly speaking with Bloomberg's Kathleen Hayes, and at clear harbor asset management, CEO Aaron kennan says the fed isn't done raising rates. Now I think the theta even at a human level feels sort of anchored to maintaining their sort of hawkish posture. So that they don't lose credibility. And that they can manage inflation expectations. Aaron kennan of clear harbor asset management. Peloton is cutting 800 jobs, hiking prices and shutting stores, peloton shares up 13.6%. The Dow up 424 points today up 1.3%, S&P up 72 up 1.7% NASDAQ up 267 up 2.1%. 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 Charlie pellet. This is Bloomberg
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"I'm Brian shook. And I'm Charlie pellet. At Bloomberg world headquarters. A third week of gains for both the S&P 500 Index and the NASDAQ composite index, stocks notched a weekly gain after a surprisingly strong jobs report, eased recession fears, but cleared the path for the Federal Reserve to raise rates sharply at its next meeting. Jeffrey Rosenberg is a senior portfolio manager at BlackRock financial management. The narrative going in here from the FOMC was the Powell pivot. And this is the payroll pushback. And the pushback is they're not going to be able to pivot as aggressively as the market was expecting. BlackRock's Jeff Rosenberg, but what about the economic outlook specifically the recession question? Jill Carey hall is U.S. equity strategist at B of a securities. You know, inflation has been very, very strong. And in our view, even though we may not be in a recession yet, the potential for that is still high. And in our economists are forecasting that we enter a recession. One that is mild by historical standards. B of a's Jill Carrie hall. Tesla shares tumbled today, Tesla will be doing their three for one stock split, Bloomberg's great Jared reports, it's all about attracting more retail investors. Charlie, the split will bring Tesla shares down to the $300 range, not affordable for most, but affordable for many. The four month lag between announcement and vote is proving to be beneficial, a rally in growth stocks has brought the NASDAQ 100 up nearly 20% from a June low. Charlie Bloomberg's Greg Jarrett Tesla today down 6.6%. The S&P fell 6 points down two tenths of 1% NASDAQ was down .5%, the Dow up 76.2%. Global news 24 is a day on air and on Bloomberg quick take power by more than 2700 journalists and analysts in more than 120 countries. I'm Charlie palette. This is Bloomberg
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"Was elected president. I'm Brian shook. And I'm Charlie pellet At Bloomberg world headquarters. After a horrific first half, the S&P 500 Index has wrapped up its best month since November of 2020, while the NASDAQ 100 index had its strongest performance since April of that same year. Tech led today's gains for the week, the S&P 500 Index was up by 4.3%. Today, the S&P gained 1.4%, Barbara and Bernard is chief investment officer of wind crest capital. Yeah, I think this is a bear market rally for sure and it's based on hope, not on free cash flow. Not on the free cash flow of the consumer and not on the free cash flow of the corporate. Barbara Ann Bernard of wincrest, so a busy week for earnings is behind us and markets are breathing a sigh of relief, and a station chamois is chief investment strategist at I capital. Everybody was expecting a pretty terrible earnings season and specifically we're expecting to guidance is going to be revised significantly down. And that's not been the case. Anastasia chamois of eye capital and speaking of earnings, Amazon delivered a blowout report and it delivered a strong sales forecast. Our own Sunday arm is an analyst with CFR. They have a huge third party seller business and they can rely on those third parties during these kind of times. And in fact, this quarter this past quarter, third party mix at a total unit sales was 57%, and that was the highest on record so that Amazon is relying a lot more on their third parties these days. Harun sandora, CFR, Amazon up today by 10.4%. Walmart is pitching refurbished goods to inflation squeezed shoppers. S&P up 57 points today up 1.4% the Dow up 315 up 1%, NASDAQ rallied 1.8%. 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 Charlie palette. This is Bloomberg
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"Flash. Thank you so much for that update, Charlie pellet. A redhead crossing the Bloomberg terminal, Biden and China's Xi directed aides to plan in a person meeting an official saying that Biden did not discuss potential tariff steps with she and that they discussed concerns on unfair China economic practices. And so this is of course building on the meeting that we know that they had earlier today right now. Yes, this is the call. Yeah, exactly. So it's interesting to see that it's continuing on. All right, something we're monitoring certainly and we're monitoring as well also the markets will get to that in just a moment. It's three 49 on Wall Street. The following is an editorial from Bloomberg opinion. This editorial was written by the Bloomberg editorial board. In close to four years in office, Brazilian president jair Bolsonaro has done little to instill faith in his commitment to democracy. He's claimed only God could remove him from office, chipped away at checks and balances and repeatedly questioned Brazil's well established voting system. Whether such bluster could translate into a concerted effort to reject an unfavorable outcome in October's presidential election, remains to be seen. But the mere possibility of an electoral crisis in Latin America's biggest country is one that corporate leaders should use their clout to prevent. Business coalitions and lobby groups can make clear the lasting economic harm that would be caused by any violations of basic democratic rules. Some have already signed an open letter in defense of democracy. That makes sense. After all, companies would have nothing to gain from the unraveling of the world's fourth largest democracy. This editorial was written by the Bloomberg editorial board for more Bloomberg opinion. Please go to Bloomberg dot com slash opinion or go on the Bloomberg terminal. These has been Bloomberg opinion. I'll turn on the radio. Yeah, but you let me drive. Oh, no. No, no, no. Honey, please. I'll do the driving drive on. Excuse me, I want to drive. It's a good question for tribes. This is the drive to the clubs. On Bloomberg radio. This indeed everybody, we are just about 9 minutes away from the
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"The doctor that confirms you had the procedure and you'll get a free milkshake. I'm Brian shook. And I'm Charlie pellet. That Bloomberg world headquarters. A move higher for the Dow, the S&P and nez stack fireworks ahead of the 4th of July on Wall Street with a late day rebound. It was exacerbated by low volume ahead of Monday's holiday. Mike Wilson is chief U.S. equity strategist at Morgan Stanley and on this first trading day of the second half he's warning the bear market is not over yet. So we're just not done with this bear market. Yeah, the good news is we've been in for probably over close to a year for a lot of stocks. It's well advanced, but we just haven't had the concluding chapter yet. Morgan Stanley's Mike Wilson, investors are also assessing the outlook for corporate earnings given the inflation backdrop. Sarah watt houses senior economist at Wells Fargo Bank. So I think what we learned this week is that the consumer is on somewhat more fragile, but in so we're seeing cracks emerge in their spending patterns where they maybe don't quite have the fortitude to spend in this inflation environment than what was reported in recent data prints where we did see some pretty notable downward revisions. And I think overall we're looking at an economy losing momentum faster than what we anticipated. Sarah watt House of Wells Fargo Bank has for the interest rate outlook and the Federal Reserve, Leslie falconio is head of taxable fixed income at UBS global wealth management. But right now, the market is really corrected with a 3.35 March peak and then almost 60 basis points of easing in the second half. I mean, we still think the fed most likely do 75 in July, just as a precaution. We don't know really what's going to happen over the next several months. Leslie falconio of UBS global wealth, stocks rallied with the S&P up 40 points up 1.1% the Dow up 321 hired by 1.1% NASDAQ up 99 up .9%. 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 Charlie palette this is Bloomberg. Bloomberg wealth is brought to you by Meryl, a Bank of America company, visit Bank of America dot com slash marrow advice. Merrill Lynch pierce fenner and Smith incorporated registered broker dealer, registered investment adviser, member SIPC, a wholly owned subsidiary of Bank of America corp
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"Reversal for the U.S. stock market S&P now up 14 again there of three tenths of 1% I'm Charlie pellet that is a Bloomberg business flash All right Charlie thank you so much Carol master Tim stenbeck live at the milk and institute global conference And with us is our editor at large here at Bloomberg news and also the editorial director of Bloomberg new economy the one and only Eric schatzker Hello hello Hello You've been busy Sure I've been busy Yes I mean they put me to work So let's talk about the conversations Where do you want to start Well I started this morning with Mark Rowan who is the CEO of Apollo global management One of the largest managers of alternative assets The thing that makes Apollo interesting different from Blackstone different from Carlisle different from KKR pure firms if you like Yeah Is that the overwhelming percentage of its assets is in fixed income And not just fixed income you think fixed income you think bonds you think loans publicly traded loans No what they do is what we call private credit In fact they have what they call a yield business that has $360 billion of private credit And as a result of that they have a slightly different perspective on the world They don't get stressed out by days like the one we've seen transpire today in the stock market where the Dow is down 5 25 and then it's up 50 They can sleep through that stuff quite easily because they for the most part don't manage daily liquidity vehicles Right And his view is that the correction is not over The you know he sees what everybody sees right He's concerned about inflation is concerned about rates If you were in a again a daily liquidity vehicle or an individual bond or an individual loan You'd be more concerned about these things Because you have to take that daily hit if the market is weakening If you're in these vehicles the funds for example I don't have the vehicle sounds like it's a car It's a fun right Or a product Where you can't cash out immediately it's actually much easier to sleep at night both the managers and for the clients Because you can ride out these storms This is a storm of volatility that we're living through in the market And it's one of the reasons why the mood here at milken is in darker because most of the people here come out of the Mike milken drexel Burnham Lambert legacy and they are managers of private equity private credit Those are the people who can for the time being We see it with the guests that we talk to in private equity It's just a very different feel They're not stressed They aren't stressed As much Eric one of the most fascinating parts about the conversation that you had earlier with Mark Rowan was what he said happens over the next 5 years when it comes to retail investors And the idea that he thinks that within the next 5 years or 5 years from now we will see retail investor portfolios 50% made up of alternative investments because and a lot of this will be fixed income replacement These vehicles that I've been talking about because their belief well first of all they're designing products that will appeal to the retail investor Right now the retail investor only has access to products that resemble institutional products And the retail investors needs are different from the institutional investors needs So first it's about product development but secondly it's about the retail investor particularly at a time like this waking up to the reality that there's no point paying for public market liquidity if you don't need public market liquidity This is the same realization that institutional investors like pension funds and endowments came to over the past 30 years led by the now late David swensen from Yale who pioneered the endowment model If you don't need the money now why put it into a vehicle that gives you access to liquidity Now it doesn't make sense you're paying for something you don't need So are we going to look back at in ten years from now maybe even sooner that we're going to say okay this is the tipping point where all of a sudden the private markets and maybe it's already happened I've really taken over We've seen it in even an issuance to some extent right In terms of companies going most they don't have to So much of the credit creation is happening in private markets now Yes yes it is the evolution of a theme It's not like a switch flipped And all of a sudden we went from a world of public markets to a world of private markets As I say this has been slowly building It starts with the most sophisticated participants The Yale endowments for example the Harvard endowments The smart sovereign wealth funds like Norwegian sovereign wealth fund the singaporeans for example GIC they're coming on my panel later That perfect They figured this stuff out a long time ago And now the wisdom of that choice is becoming apparent to other people And this becomes more urgent for them if we're living through a time of high inflation rising rates declining equity valuations widening credit spreads where you're losing money Due to the fact that you're in a public market Eric we only have a minute left but I want to get to Citadel securities Ken Griffin yes Big takeaways from your discussion I must confess part of it happened while we were on Bloomberg radio So I didn't get to tune in Well I would say this Ken also says that well the sort of the macro headline out of the conversation is that this is the most uncertain period since 2008 And uncertainty doesn't necessarily mean things have a leg to go lower but it does mean more volatility You specifically as a concern Citadel he said these are the toughest four months since 2008 He said in fact when we got off the panel he told me he cracked three teeth Wow Because of the stress Yes Because of the stress And what an anecdote right He's waking up to the reality of crypto for a long time Ken was a skeptic And he's still skeptical on the usefulness of crypto and even blockchain Is it going to matter Is it going to change the world But they're building a business They're building a big market making in exchange business around crypto Fascinating conversation as always Well both of this conversations check them out on the Bloomberg terminal and of course our Eric Shatner here of Luke Thank you for having me You bet We appreciate it Let's get to world of national news and Nancy Lyons Hey Nancy Thanks Carol Some Ukrainians have made it safely out of a steel plant in Mario pole where they've been holed up for weeks Mariupol deputy mayor Sergei orlov says about a hundred people made it out on buses But he says the Russians resumed their attack shortly after that evacuation And even some sniper works on Ukrainian defenders who helped to eliminate citizens So it's not easy procedure Deputy mayor orlov.
Bloomberg Radio New York
"charlie pellet" Discussed on Bloomberg Radio New York
"Special report the Russian invasion of Ukraine Cities across Poland are reporting their at capacity as Ukrainian refugees continue to pour in the mayor of Poland's second largest city Kraków is now asking for help to move refugees to less populous areas of the country A Ukrainian volunteer journalist says her parents chose not to evacuate the war torn country even though she did Elena de beco said although her parents are in the heavily shelled city of kharkiv she feels like they're safe where they're located My parents are still in parking They just made a decision to stay there because of many reasons but the main reason they stick last years old So it's quite difficult for them to change their daily routine and they decided to stay there Said her parents still have electricity gas and even Internet despite the city being bombarded by Russian forces This has been a special report I'm Brian schuch And I'm Charlie pellet at Bloomberg world headquarters It was the worst week for the U.S. stock market since January down this week by another 2.9% the second weekly decline in a row risk sentiment deteriorated after Ukraine's top diplomat said he did not see progress in talks with Russia As for the overall market backdrop Emily Roland is a strategist at JH investments We're looking at an environment which the fundamental backdrop remains decent here You know we've seen this negative price action play out We're at about a 12% or so decline from the peak in the market but that's really been based on fears of fed tightening geopolitical risks coming to the forefront Meanwhile earnings estimates continue to move higher here Emily Roland of JH investments now on the economic outlook could we see a recession Malcolm etheridge is executive vice president at CIC wealth We are starting to hear that our word recession thrown around more and more frequently which is a little bit concerning Frankly generally when we as a collective start to hear and think recession we begin doing irrational things with our money like selling out at the bottom of a market for example Malcolm ether of CIC wealth Federal Reserve policymakers will meet next week as for the path of how many rate increases to expect Michael Collins is senior portfolio manager at pgim fixed income So I think the risk now is actually more to the downside than the upside And I think that means the fed even though inflation is going to be really elevated and really sticky you know they really have to be careful here And they just can't over hike Michael Collins of P J MS and P down 55 down 1.3% today the Dow dropped 7 tenths of 1% Now 2.2% 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 Charlie pallet this is Bloomberg.
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"193 down by 6 tenths of 1% Ten Europe 1130 seconds ten year yield 1.83% spot gold up 1.6% 1842 the onsen crude pushing higher up at a 7 year high up by 1.3% 86 53 for a barrel of WTI Among the companies reporting earnings after the closing bell Alcoa united discover financial and Kinder Morgan Briefly sources tell Bloomberg PepsiCo and beyond meat are planning a vegan jerky snack This is the first product in their joint venture I'm Charlie pellet That is a Bloomberg business flash Thank you so much for that update Charlie pellet It's three 48 on Wall Street The following is an editorial from Bloomberg opinion The recent hostage crisis at a Texas synagogue is a reminder that anti semitism is a growing threat The idea that lawmakers would block any efforts to fight it is shameful Yet that's arguably what Senate Republicans are doing In July Joe Biden nominated the renowned Holocaust scholar Deborah lipstadt to helm the State Department's office for combating anti semitism Her nomination has remained stalled ever since Republicans on the foreign relations committee appear peaked by a tweet lip stat wrote in March criticizing a senator in their party But lip stant is no mere partisan having tried it lawmakers on the left as well as the right and no one doubts her qualifications an author of 6 books on anti semitism and the Holocaust She would bring unparalleled expertise and gravitas to the position Republicans have delayed long enough They should let lipstick nomination move to a vote This editorial was written by the Bloomberg opinion editorial board I'm David chipley For more Bloomberg opinion please go to Bloomberg dot com slash opinion or OPI go on the Bloomberg terminal This has been Bloomberg opinion.
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"charlie pellet" Discussed on Bloomberg Radio New York
"Is a Bloomberg business flash Thank you so much for that update Charlie pellet It's three 48 on Wall Street The following is an editorial from Bloomberg opinion In the years since the January 6th attack on the U.S. capitol the government has responded better than might have been expected Law enforcement agencies have charged at least 700 participants Congressional investigators have interviewed hundreds of witnesses In federal courts have resisted efforts by former president Donald Trump to deny Congress access to documents and testimony Such progress shows the resilience of America's democratic institutions It also underscores the need for the House select committee investigating the attack to quickly complete its inquiry Its chair representative Benny Thompson has said the panel only plans to release interim findings by the summer That risks extending the probe deep into 2022 The committee should instead complete its work and issue an unredacted public report well ahead of the November midterm elections The rest will be up to the voters This editorial was written by the Bloomberg opinion editorial board I'm David chipley For more Bloomberg opinion please go to Bloomberg dot com slash opinion or OPI and go on the Bloomberg terminal These has been Bloomberg opinion Yeah but you let me drive Oh no no no no This is not a toy Honey please I'll do the bride Drive on Smells great I want to try it It's a question for tribes This is the drive to the club On Bloomberg radio All right just about ten minutes left in today's trading session and.
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"charlie pellet" Discussed on Bloomberg Radio New York
"Bitcoin and what it's done over the last few weeks I can't tell you it's a value but I won't tell you that you should short it because it's likely to be higher in the coming months Minded went on to say that 70% of cryptocurrencies are garbage and will go away comparing the interest in cryptos to the dotcom boom of the late 1990s Meanwhile Bitcoin making a run at its record high of just what 65 or 65,000 dollars at the moment trading on actually we got Bitcoin on 64,194 Well after the bell we heard from Netflix the company posted its strongest subscriber growth of the year Now this reflects the popularity of squid game the breakout drama from South Korea Let's get more now from Bloomberg's Charlie pellet The company added 4.38 million subscribers in the third quarter exceeding projections of 3.72 million Netflix says it expects to sign up 8.5 million customers in the final three months of this year compared with Wall Street estimates of 8.32 million September's busy program slate changed the course of the year for Netflix about a 142 million member households started watching squid game making it the most viewed new show in Netflix history The company is on pace to add more than 18 million customers this year though that is the least since 2016 In New York Charlie pellet Bloomberg daybreak Asia All right just going three 15 in the afternoon in San Francisco.
Bloomberg Radio New York
"charlie pellet" Discussed on Bloomberg Radio New York
"A barrel on WTI So again recapping a Netflix beat SP up 33 up 7 tenths I'm Charlie pellet That is a Bloomberg business flash All right let's get to we've got a great guest And we're going to get a great perspective on what investors who have lots of money to put to work are most interested Let's get right to it with Julian Salisbury Global head of Goldman Sachs asset management with us on site at the milken global conference How are you Great thank you So the environment People eager to put money up a lot of things going on Look we are in a record fundraising environment a record capital deployment environment and a record environment for monetizations from the same portfolios So it's overwhelming the amount of money that is coming into the investment space at large If you look at alternatives just the top 5 listed alternative managers raised over a 153 billion last quarter 440 billion of dry powder That's two X the amount of dry powder that existed 5 years ago That being said what that may seem overwhelming and concerning to some extent the magnitude of the opportunity is also growing substantially if you look at explain that in terms of the options that are out there So first of all if you just look at M and a activity we just had a $1.6 trillion quarter of remedy The biggest quarter ever that's 5 consecutive quarters of north of a trillion I just did a panel with global heads of city and Deutsche and they said we're on track for like 4.1 globally and they think it could be 5 trillion And if you look at the share of that that's being prosecuted by sponsors I mean last year 31%.
Bloomberg Daybreak: Asia
Facebook Revenue Rises 48%, Driven by Higher-Priced Ads
"After the Bell Quarterly sales jumped 48% that number by the way, far above estimates the stock in late trading popped and let's get the story from Bloomberg's Charlie Pellet. Facebook saw strong demand from retailers and other advertisers seeking to grab attention from the social networks billions of users. Revenue climbed to $26.2 billion that dwarf the $23.7 billion average estimate of analysts, according to data compiled by Bloomberg. Facebook, also reported 2.85 billion monthly active users arise of 10%. Analysts projected 2.83 billion. Facebook, which also owns Instagram, and WHATS APP, has seen a surge in use of its platforms for at home entertainment on keeping up with loved ones. While people have been stuck in lockdown in New York, Charlie
Bloomberg Radio New York
"charlie pellet" Discussed on Bloomberg Radio New York
"Assessment roll released by the Department of Finance. The city has set a value of $1.3 trillion for its more than one million properties for the fiscal year beginning in July. Real estate taxes are the largest contributor to New York City's revenue and the primary source of funds that back it's approximately 40 billion of outstanding General obligation bonds. Charlie Pellet Bloomberg Radio. Apple has begun early work on an iPhone with a foldable screen, a potential rival to similar devices from Samsung and others. All that, according to a person familiar with the work, who asked not to be identified. Discussing private matters. Wall Street dropped again Friday to close out its first losing week in three this after reports showing the pandemic is deepening the hole for the economy as Washington prepares to throw it another lifeline. Dan Morris, chief market strategist at BNP Parable, as that management says the pandemic remains the biggest risk. Who gains on Wall Street. Unfortunately, we have plenty of distressing news there. So at some point, it accumulates sufficiently to the point where people start to rethink their forecast either burnings of her t v P. That could be something that would likely cause things to turn around at least briefly. S and P 500 fell 1.5% this week Global news 24 hours a day on air and on Bloomberg. Quick take powered by more than 2700 journalists and analysts and more than 120 countries. I'm Susanna Palmer. This is Bloomberg. This is the business of sports from Bloomberg Radio. Well, thanks.
Masters in Business
Oracle Moves Headquarters to Texas
"Moved its headquarters to Texas from its home state of California. More on that from Bloomberg's Charlie Pellet. Oracle says it will give employees more flexibility on where they do their jobs. In a regulatory filing, Oracle said the move to Austin from Redwood City quote means that many of our employees can choose their office location. As well as continued to work from home part time or all of the time. Charlie Pellet, Bloomberg Radio.
Bloomberg Businessweek
Nasdaq closes down nearly 2% as tech sector weighs on stock market
"A sell off in some of the world's biggest technology companies weighed heavily on the equity market, dragging down stocks amid dimming prospects for fresh stimulus. Today. The S and P 500 Index dropped 29 points down 8/10 of 1% the Dow Down 105 down 4/10 NASDAQ tumbled 243 down 1.9% the NASDAQ 100 Index halting its winning streak down 2.1% tenured on 5 30 seconds 10 Year Yield 100.93% Hold down $31 the ounce down 1.7% 18 38 West Texas Intermediate Crude up 1/10 of 1% 45 66 a barrel Hypo Watch a Seat three. A. I think that's the software maker founded by former Oracle executive Tom Siebel up 120% of its trading debut from the price and it's $651 Million. AIPO and shares of unprofitable food delivery platform door Dash surged 85% in their trading debut today. And the latest sign of investor exuberance. And what has already been a record here for I pose again recapping equities lower with the S and P 500 Index down 29 down 8/10 of 1%. I'm Charlie Pellet that his a Bloomberg
Bloomberg Daybreak
Toll Brothers' Home Sales Rise as Buyers Seek More Space
"The home builder reported better than expected order growth. Last quarter. Here with more is Bloomberg's Charlie Pellet. It is a sign that home buyers rushing to the suburbs join the pandemic are fueling a boom in luxury sales, the builder said. Purchase contracts for the three months through October jumped 68% from a year earlier to 3407. The average estimate of analysts surveyed by Bloomberg was 3237 orders were the highest for any quarter in the company's history. CEO Doug here, Lee said in a statement. Quote. We are currently experiencing the strongest housing market I have seen in my 30 years. A toll brothers Charlie fell it. Bloomberg Daybreak. All right,
Bloomberg Businessweek
Dow ends down over 167 points as stocks retreat from records
"Today on Wall Street stocks eased off their records as investor focus shifted to the surgeon cases. Along with new lockdown measures, including it'll annoy that overshadowed optimism that covert 19 vaccines will eventually and the pandemic s and P 500 index down 17 a drop Today of 5/10 of 1% the Dow Down 167 down 6/10 of 1% and NASDAQ fell 24 points lower by 2/10 of 1% Tenure up 14 30 seconds. 10 Year Yield 100.85% Gold down 4/10 of 1% 18 80, the on Sam, West Texas intermediate crude. Lower little changed out two cents. 41 32 a barrel. I'm Charlie Pellet.
Bloomberg Daybreak
Stocks making the biggest moves after hours: Alphabet, Twitter, Facebook, Apple, and Amazon
"Here's a Facebook are down two and a third percent. The social media company warns of significant uncertainty next year, citing unpredictable online spending trends and regulatory challenges. That's over shadowing third quarter results, which blew past estimates. Debra Aho Williamson is principal analyst Edie Marketer Facebook's audience and then the number of users is substantial. It's ad targeting is incredible advertisers at the same time they tell me that they are concerned about the atmosphere of Facebook. They also say pretty much in the same breath that they can't live without Facebook. Facebook said it saw an unusual decline in U. S and Canadian users in the quarter, though it did see growth overseas Shares of Twitter or down more than 16% in early trading. The company says it added a million new daily users in the third quarter. That was fewer than forecast dashing optimism that Twitter would reap benefits from a return of live sports and the coming election. On the flip side Shares of alphabet around more than 5.5% in the premarket. The parent company, a. Google returned to strong growth in the third quarter after a decline in the fryer period and here with more on the results, Bloomberg's Charlie Pellet, the quarter was fuelled by digital advertising that has rebounded along with the U. S economy. The Google parents reported third quarter revenue minus the cost of distribution deals for its search engine was up 15% to $38 billion. While that was slower than the pace of growth a year ago, it marked a turnaround from the previous quarters drop. YouTube, the fastest growing part of Google's at business brought in $5 billion.32 percent more than
Bloomberg Markets
Thursday's Bloomberg Business Flash
"Take This is a Bloomberg Business World Headquarters. I'm Charlie Pellet. Apple shares little changed after ours. Apple reported quarterly results that topped Wall Street estimates. The record sales of Maxim Services made up for a delayed iPhone 12 launch China revenue, however slumped. The company gave no forecast for the key holiday quarter. Amazon projected a steep jump in sales in the current quarter, topping analyst estimates. Amazon shares trading lower now by roughly 1% Facebook posted up better than projected gain in third quarter revenue, indicating that a major advertiser boycott of the social network had limited impact against the backdrop of a broader revival of spending on digital marketing. Facebook shares up now by roughly 1%. Also out after the closing bell alphabet. It returned to growth in the third quarter after a decline in the previous period. Alphabet chairs surging now by 7%. It was an update on Wall Street with the Dow, the S and P and NASDAQ all rebounding from yesterday's route s and P Up. 39 up. 1.2% the Dow off 139 5/10 of 1%. NASDAQ Up. 180 UP by 1.6% 10 Year Down 17 30 seconds 10 Year Yield 100.82% Gold down 5/10 of 1% 18 60 70 ounce West Texas Intermediate crew down 3.5%. 36 await a barrel. I'm Charlie Pellet. That is a Bloomberg business Flash.