17 Burst results for "Daniel Morris"

"daniel morris" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:49 min | 4 d ago

"daniel morris" Discussed on Bloomberg Radio New York

"Necessarily see a broad threat to equities because the outlook is still positive We are still recovering In fact some rates are falling So it is a good environment Maybe not quite as good as we had hoped And I think we're going to see more differentiation now at a sector level than we necessarily saw previously Okay you mentioned tech there at the start and looking at the eels too and they're on their way up The ten year one 60 the impact there for tech Which when nearly been interested over the last couple of weeks when we had the November fed assumed the last fed meeting We saw it as a hawker surprise similar to the June meeting we saw the increase in expectations for fed funds and that led to an increase in real yields and we think that's what drove the initial sell off in technology and gross talks more broadly which changed a bit more recently is actually you've seen real yield stabilized arguably fall and it's been inflation expectations now that are going up So that's going to be less of a threat directly through technology if really you'll stabilize But given that at the same time expectations for fed funds are still rising It does feed a bit into the stagflation narrative that if real yields are not rising as much it may simply be because growth expectations are falling So certainly quite different dynamic from the reflation narrative that we had in the first quarter And we're going to start off with of course the bank earnings We get those starting tomorrow with net interest margins improving what's your outlook for the banks What about 45 seconds here Well generally if you have writing rates irrespective of whether comes from real yields from inflation expectations it's good for the financial sector We do have an overweight intermittent asset funds for European banks So generally speaking do see for the financial sector some support given the rate outlook The rates outlook with respect to the Federal Reserve of course we've got priced in the tapering at this point What's your expectation for when we're going to see hikes Well that's certainly the key question in the markets It's going to start focusing that probably more in the first quarter because we don't think it really can happen until after the summer the message is unclear that tapeworms cut it in First that should be in the summer then we'll talk about hikes And there's a lot of water to go into the bridge between now and then so we don't want to speculate too much It's just going to depend on what happens on the pandemic front whether or not we do see more sustained inflationary pressure on what the fed needs to react to that Dan always a pleasure Daniel Morris chief market strategist at BNP Paribas asset management this morning with this and ahead of the cash open on Wall Street the futures have turned higher Just slightly down futures of 17 right now The S&P E mini futures they are up three points and the NASDAQ futures 26 points higher Ten year yield.

Federal Reserve Daniel Morris BNP Paribas asset Dan S
"daniel morris" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:07 min | 4 d ago

"daniel morris" Discussed on Bloomberg Radio New York

"A weekend of major disruptions both Southwest Airlines and the pilot union deny reports of a sick out the protest the company's COVID-19 vaccine requirement for all employees Las Vegas Raiders head coach John Gruden has stepped down following emails containing racists homophobic and misogynistic comments In Monday Night Football the ravens beat the colts in overtime 31 25 Major League Baseball the Red Sox advanced to the AL championship series by knocking out the league's best team in the division series Tampa Bay Boston one 6 5 to win the series three games to one The Giants have a two games to one lead in their NLD San Francisco shut out the Dodgers one zip Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in more than a 120 countries on Michael Barr this is Bloomberg John Michael thank you It is coming up on 5 20 on Wall Street We're live from the Bloomberg interactive broker studios This is Bloomberg daybreak Another brick in the wall of worry Investors spreading that rising energy costs are going to keep inflation elevated Let's get you set up for the trading day right now with Daniel Morris chief market strategist at BNP Paribas asset management I guess the ultimate fear seems to be rising prices and slower growth What kind of threat is that from where you sit Well certainly it's going to be the key thing that investors are going to be looking at when we go into the earnings season If you think back when we had the initial increase in near term inflation expectations and then those started to roll over as we initially believe this transitory narrative Even though they've come down a bit from the initial highs they stayed at relatively elevated levels So clearly less temporary than we had hoped for And now we're going to want to see how much impact has that had on profitability for corporations So I think one reason we're seeing so much volatility in the markets is it's going to be I guess as it always is very news dependent And if we get guidance from companies more concerns about the outlook about margins I think we're likely to see for the weakness in the markets but if on the other hand we get the message that they're able to pass through some of the price increases generally speaking at least for profitability that's going to be supportive Well what's your view or a company what's the impact on margins do you suppose It depends a lot on the sectors if you number one look at how equities have performed when you've had this margin squeeze It really depends sometimes equities suffers Sometimes they go up and it depends a lot of course what the broad broader growth environment is What you see more though is better and worse performance depending on the sector So number one you see technology holds up well when you're in this type of environment which really shouldn't be surprising because with the high margins even if they are squeezed a little bit it's not going to make that much difference for profitability You also see industrials You see materials better than other sectors in terms of the ability to pass through those price increases.

COVID Las Vegas Raiders John Gruden Tampa Bay Boston Michael Barr Bloomberg Daniel Morris Southwest Airlines John Michael ravens colts Major League Red Sox Dodgers BNP Paribas Giants Baseball AL Football San Francisco
"daniel morris" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:56 min | 4 months ago

"daniel morris" Discussed on Bloomberg Radio New York

"Today, and Bloomberg calm on the Bloomberg business at hand at Bloomberg. Quick. Take this. He's Bloomberg Radio. E way are gonna be shocked at some of the inflation use over the next few months. We look at the economic data on a daily basis and so far so good. And so what we've got is just a great re shuffling. I think inflation commodities I see inflation in some supply chains and some goods. There's no generalized increasing inflation, monetary and fiscal policy have adjusted all those demographic headwinds thesis. His Bloomberg surveillance with Tom Keene, Jonathan Farrell and Lisa a Brahma Ways. Good morning, everyone. China's unfair ELISA Brahmas in time, Kina simulcast Bloomberg Radio Bloomberg television and it is an interesting day deep into the month of June. John Farrow, 6:57 A.m. We'II. Scream inflation 1 60 right now on tens. Tillman after Q one Things have been pretty calm through Q two. With the exception of that huge downside surprise on payrolls. I think I was the only day we had a massive break out of the recent range. Tom on a 10 year yield on we've asked repeatedly through this morning is the calm of Q to the calm after the Q one storm of the calm before the Q three storm. People. The federals Irv set to really formalize an evolution of the language in the next couple of meetings. It'll be interesting to see what happens to this bond market when the Taper becomes a little bit more formal. No brainer with the visibility yesterday, but you get a lot of different fed speak out there. We get easy be speak as well, John. I would suggest the central bankers of running his blind his way are we just don't know. Where we are. Come September or December. It's been interesting. Tell Mrs the different responses. The different reactions we've had from various central banks and authentic best compare and contrast, right now is, say, the Bank of Canada compared to say, the federals off or, for that matter, the Bank of England, reducing the pace of asset purchases. Well, even if they keep the overall envelope unchanged. We've had different responses. Different reaction functions from frameworks for thinking about incoming data. It makes Effects market, I think maybe not now, but in the future, just a little bit more interested in our Eric Hertzberg folks out of Toronto yesterday, talking about the disappointment in Canadian GDP, I mean, Lisa, it's still out there. There's optimism of a boom optimism of auto sales today that will see before the big jobs report on Friday. And yet they're these whispers of disappointment of underperformance. Well, the big conundrum here is there is so much cash out there. The Federal Reserve buying up $120 billion Bonds every month. This is basically printing money. Fiscal stimulus. Monetary stimulus. This cash is being seen flashing around a bank. They don't know what to do with it, And it's going into financial markets were not yet seeing people spend their savings to the extent that people want to see. And the question is, will they begin to do so? As we get further into post pandemic lunchtime? Cue the 10 year Yield back under 1 62 4 digits 1.5977. John, I need your observation. On the pandemic in America versus what I see in the in the United Kingdom. I am absolutely baffled by the debate in the United Kingdom given I believe we saw zero death yesterday. There is some concern around variant. Some concern that does not exist here, Tom For that reason, they're a little bit more Heston about continuing the process of opening things up. But for the people of the U. K, the feeling is exactly the same. I think, as many people in the United States Let's get back to business. Let's get moving again. Real determination there. I tried to be a sophisticated on this. You know, my knowledge of the tarts and all that, and I'll tell you, John. I'm absolutely stunned by what I see there in the debate channel. It's stunning with the day to check out, Take the equity market. Get your knowledge of the two of you. Well, yeah, there's that as well features up to we get green on the screen, and that's important. It is a better tape than two hours ago. But what I would suggest is the vics 16 out to the angst of an 18. And we're back to 17.90. Role on the vics. I'm gonna call it one big church. There's a quiet head the S and P 542 100 up around about two points this morning Yields come again Almost the basis point that you want 59 handle Tom 59 94 on tens and a euro. Just a bit weaker euro dollar 1, 21 84. I'm gonna frame it up, but I would point out China Thought leaders routinely quote the Dow Jones Industrial today. Today. Can you name a thought leader that I'd love to hear Thomas Kean? Fantastic. That lady there is to beat up on thought leaders because all three of us were like, Yeah, right. We thinking you're Jurgen, who was not a thought leader. He owns the high ground the commanding heights and oil and was just brilliant there on Brent, It's $71.7. Barrel. We're gonna pieces together. Looking forward with well, investment. Daniel Morris joins us being P. Perry, Bob right now. And asset management. Genya Morris. What have you changed in the last seven days? What has been the distinction of your call over the last seven days? Well, I'd like to say we've had data that would allow us to make a big change over the last week, but I think that would have been premature. That would have been a mistake. I think we're really waiting on the nonfarm nonfarm payrolls data on Friday. That's going to be a key data point. There's a lot of questions about the outlook for the U. S economy about the rates about Fed policy. On. I think, given what happened last month with that huge disappointment with April data, we need to get a confirmation that that really is interline dynamic, or it just turned out to have been a bunch of noise. And we don't know yet attend. That takes a point of Friday. What questions exactly can't answer, which is that one data point this Friday. Well, let's start with the Fed. I mean, the Fed has said for a while now number one, of course, that this inflationary surge is temporary. We believe that the market bleeds that but that the timing of them to begin to talk about tapering and then do the tapering and then raise rates depends on the recovery in the labor market, and the data that we got last week told us that that's going to take a lot longer than we had thought. We need to get an idea of what this feat of that recovery is to then start to price in when the Fed will actually move, and then that, of course, is gonna have a big impact on these. But don't Dan to John's point here. The idea of one data point being determinative in any way, given the fact that there's been so much noise that we got that incredible disappointment last month. And that Fed officials have said that they're going to be there going to be patient. They're gonna look through any noise. What does one data point give you that you could extrapolate out from? Is there something specific within it? Well, you're absolutely right that way. Don't want to focus. You know so much about how it is the labor mark that the really keen on in terms of the timing of their next policy moves and then number two that the member last month was just so shockingly bad. I mean, instead of a million jobs that we had anticipated, you got 260 some 1000. That's not a small miss s. So we want to see just where we are calibrating. You're right. It's It's not going to tell us everything that's gonna happen over the next couple quarters, but I think it is gonna be a turning point. And once I wanna go back to the giant of investment, Philip Caray, who lived a century, of course, associate ID with pioneer funds of Boston, and he always talked about the bright lights of inflation. Are we back where inflation can assist? To a better nominal GDP, which assist a better business enthusiasm, which assists the stock market. Uh, I think our view is that after we're through the distortions that have come out because of the lockdowns and then really distortions from all the physical stimulus That we're going to be in a place that's not radically different from where we started out, You know, certainly In terms of inflation, you know we're going to be back to honestly conceivably the feds still missing. It's 2% inflation target. We can talk about what this all means for the long term growth within the U. S economy. You know, certainly big issue now, and we're looking at ways to hedge your portfolios against this near term inflation risk, But a year from now, I frankly don't think we're gonna be talking about much more about inflation. And more respect in the office. It seems down. Talk to us about London now is that it passes it back again. Well, I think the real interesting contrast you have here eyes that if you look at retail mobility if you're out on the equivalent of Fifth Avenue in London on Oxford Street, you'd say it's all it's all normal People not worry mass shops very active. If you look at sales nearly back to pre pandemic levels, If you go into business centers, I'm in the city right now in the center of London. Streets still pretty empty, Very light traffic. So big disconnect between where people are living and working so to speak right now in the business center, So there's still some room to go here..

Jonathan Farrell Genya Morris Tom Keene John Farrow Philip Caray United States Thomas Kean United Kingdom Friday Lisa Toronto John December April Oxford Street Daniel Morris Eric Hertzberg Today September Bloomberg
"daniel morris" Discussed on WTVN

WTVN

03:22 min | 6 months ago

"daniel morris" Discussed on WTVN

"Cases today, experts saying they think those are undercounts vice president Kamila Harris. Defending the U. S is new travel ban on India, which goes into effect May 4th are worried. No question. People are worried India is experiencing an explosion of covert cases and deaths. The White House and Pentagon sending critical aid is the country's health care system reaches the brink of collapse. In the meantime, the White House says it's following advice from the CDC. Restrict most travel from the country. The World Health Organization says India accounted for more than a third of all globally, reported Cove in 19 cases last week. And remember ABC News Washington Face masked will be required a little while longer on transportation systems. Airports, railroads bus is set to expire in May, the requirements lasting to September 13th. On one mode Rail, one of its biggest fans and a longtime Amtrak commuter, now president Biden celebrating Amtrak's 50th birthday, saying his infrastructure proposals include expansions and improvements. All homegrown American tax dollars are going to be used by American products to create American jobs. President Philadelphia for the Real party. At least five Americans were among the dead in that Israeli stampede at a religious event. The U. S Embassy is still working to name all of the Americans among the dozens killed and injured. One victim has been identified as Daniel Morris of Bergenfield, New Jersey, He was 19 years old. There's been an outpouring of grief from around the world after one of Israel's deadliest accidents. Panic spread among the crowd celebrating a popular religious festival, sparking a stampede out of a narrow exit president Biden said in a statement. The U. S will offer assistance, sharing his quote, profound condolences. Connor Finnegan, ABC NEWS Washington Listening to ABC News News radio. 6 10 W. T V, and A federal judge issued a preliminary injunction today that limits Columbus police officer's actions and it all follows Last summer's protests. Under that ruling, policeman no longer allowed to use nonlethal force, including tear gas, pepper spray flash bang grenades, rubber bullets, body slams and pushing and pulling, among others on nonviolent protesters. This pertains to win. Protesters are blocking the sidewalks or the streets and not committing physical or violent damage. The judge started his 88 page ruling, saying quote This case is the sad tale of police officers closed with the awesome power of state run amok. These also comes his mayor, Anja Ginther invited the U. S. Department of Justice to look into the Columbus Division of Police. So far, the city says it has not heard back as to whether the Department of Justice will be sending investigators here to look into Columbus police the city telling me that the DOJ acknowledged receipt of the mayor and city Attorney's letter yesterday but has not indicated what their decision will be. ABC SIXES Tom Bosco In that letter, the mayor says he is receiving fierce opposition specifically from the F O P to some of the changes the city has tried to implement within the department. The funeral service was held today for 16 year old Mukai, a Bryant. She was shot and killed by a Columbus police officer on April 20th body camera video shows she was holding a knife and appeared to be lunging at another woman when she was shot, But some in the community say her death could have been prevented. A soulful funeral service.

Connor Finnegan Daniel Morris May 4th Anja Ginther Tom Bosco April 20th Pentagon 19 cases September 13th U. S. Department of Justice 88 page May Columbus Division of Police Kamila Harris U. S Embassy CDC ABC NEWS last week World Health Organization 50th birthday
"daniel morris" Discussed on WHAS 840 AM

WHAS 840 AM

02:35 min | 6 months ago

"daniel morris" Discussed on WHAS 840 AM

"Each day and nearly 400,000 new cases today, experts saying they think those are undercounts vice president Kamila Harris. Defending the U. S is new travel ban on India, which goes into effect may 4th worry no question. People are worried India is experiencing an explosion of covert cases and deaths. The White House and Pentagon sending critical aid is the country's health care system reaches the brink of collapse. In the meantime, the White House says, it's fine. Following advice from the CDC to restrict most travel from the country. The World Health Organization says India accounted for more than a third of all globally, reported Cove in 19 cases last week. And remember ABC News Washington This masked will be required a little while longer on transportation systems. Airports, railroads bus is set to expire in May, the requirements lasting to September 13th. On one mode Rail, one of its biggest fans and a longtime Amtrak commuter, now president Biden celebrating and tracks 50th birthday, saying his infrastructure proposals include expansions and improvements, all homegrown American tax dollars are going to be used by American products to create American jobs. President Philadelphia for the Real party. At least five Americans were among the dead in that Israeli stampede at a religious event. The U. S Embassy is still working to name all of the Americans among the dozens killed and injured. One victim has been identified as Daniel Morris of Bergenfield, New Jersey, He was 19 years old. There's been an outpouring of grief from around the world after one of Israel's deadliest accidents. Panic spread among the crowd celebrating a popular religious festival, sparking a stampede out of a narrow exit president Biden said in a statement. The U. S will offer assistance sharing these quote, profound condolences. Counterfeit again. ABC NEWS Washington Listening to ABC News But this'd NewsRadio wait. 40. Wh Yes, Your news Now Today's Coben 19 reports show 723 new cases in Kentucky. Along with four duly reported death. The positivity rate is 3.22%. The governor's office says 1.7 billion Kentucky INS have received at least one dose of Kobe vaccine. Churchill Downs opened its gates to race fans on this Kentucky Oaks Day, a far cry from last year when there were no fans allowed because of covert 19. You know, there's just nothing like it to see a crowd and to be around people is Unbelievable. There is limited attendance.

Daniel Morris 3.22% 19 cases Kentucky 1.7 billion Pentagon September 13th last year 723 new cases May 50th birthday CDC last week U. S Embassy Kamila Harris One victim World Health Organization ABC News Bergenfield, New Jersey White House
"daniel morris" Discussed on News Radio 1190 KEX

News Radio 1190 KEX

01:38 min | 6 months ago

"daniel morris" Discussed on News Radio 1190 KEX

"India, which goes into effect May 4th people are worried. No question. People are worried India is experiencing an explosion of covert cases and deaths. The White House and Pentagon sending critical aid is the country's health care system reaches the brink of collapse. In the meantime, the White House says it's following advice from the CDC to restrict most travel from the country. The World Health Organization says India accounted for more than a third of all globally, reported Cove in 19 cases last week. And remember, ABC News Washington Face masked will be required a little while longer on transportation systems, airports, railroads, bus is set to expire and may the requirements lasting to September 13th. On one mode Rail, one of its biggest fans and a longtime Amtrak commuter. Now President Biden celebrating Amtrak's 50th birthday saying is infrastructure proposals include expansions and improvements. All homegrown American tax dollars are going to be used by American products to create American jobs. President Philadelphia for the Real party. At least five Americans were among the dead in that Israeli stampede at a religious event to US Embassy is still working to name all of the Americans among the dozens killed and injured. One victim has been identified as Daniel Morris of Bergenfield, New Jersey, He was 19 years old. There's been an outpouring of grief from around the world after one of Israel's deadliest accidents. Panic spread among the crowd celebrating a popular religious festival, sparking a stampede out of a narrow exit president Biden said in a statement. The U. S will offer assistance, sharing his quote, profound condolences. Connor Finnegan. ABC NEWS Washington Listening to ABC News,.

Connor Finnegan Daniel Morris 19 cases September 13th Pentagon World Health Organization last week President Biden May 4th CDC ABC News One victim 50th birthday Bergenfield, New Jersey Amtrak ABC NEWS 19 years old one Cove Israel
"daniel morris" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:13 min | 11 months ago

"daniel morris" Discussed on Bloomberg Radio New York

"Some were successful. The FBI and homeland Security, warned Cos. Earlier this year that hackers would try to steal the virus research. I'm disappearing. And I'm Susanna Palmer in the Bloomberg News Room. We're keeping a close eye this weekend on the Corona virus infection rate. In New York City Mayor Bill de Blasio said New York City parents should be prepared for schools to end in person classes as soon as Monday have an alternative plan. For beginning as early as Monday for whatever will help them get through this month. If school is not open DiBlasio they're speaking on W N. Y. C. Mayor has said that school doors will shut when the city is positive. Covert test rated 3% 7 Day Rolling average has climbed to 2.83% from less than 2% at the beginning of the month. Governor Andrew Cuomo has put more restrictions into place to stem the tide of new cases, starting with a 10 PM statewide curfew that went into effect last night. It applies to bars, gyms and restaurants. But there's also a limit to indoor gatherings. No more than 10. People are allowed to gather inside. Even if it is a private home. Local governments are responsible for enforcement. As we've been reporting, we're hearing former Federal Reserve chair Janet Yellen is under consideration to be president elect Joe Biden's Treasury secretary. Other names being floated include Fed Governor Layla Brainerd and former Fed vice chair Roger Ferguson. Yes and P 500 closed at a record yesterday. This as optimism grew among investors that are coming vaccine for Corona virus will help end shutdowns. And there are a lot of positives right now for stocks to move up, says Daniel Morris, senior investment strategist at BNP Para ba Asset Management, Reasonably supportive environment for risk assets. Don't forget all the central bank's support. We still expect he had some sort of fiscal stimulus. The vaccine will come so all the things they're saying in six months in a year. Really think should be better. And I think that's the perspective you should have. When you think about when you want to enter the market. Global news 24 hours a day on air and on Bloomberg Quick take powered by more than 2700, journalists and analysts in more than 120 countries. I'm Susanna Palmer, This is Bloomberg. This is the business.

Bloomberg Susanna Palmer New York City Governor Andrew Cuomo Federal Reserve Governor Layla Brainerd FBI BNP Para ba Asset Management Bill de Blasio Daniel Morris homeland Security Joe Biden vice chair Janet Yellen Roger Ferguson president
"daniel morris" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:53 min | 1 year ago

"daniel morris" Discussed on Bloomberg Radio New York

"O'clock in the morning and add them to the list. Okay. Thie president claimed fraud in the election without providing evidence and said he'll petition the Supreme Court to stop counting ballots. In the Senate Republicans are holding on to their majority. Mitch McConnell won reelection in Kentucky. Other GOP winners include Lindsey Graham in South Carolina, Joni Ernst in Iowa. John Cornyn, Texas, Roger Marshall and Kansas. Steve Daines in Montana. And in Alabama, Tommy Tub, Erbil defeated Democratic incumbent Doug Jones. At the same time, Susan Collins, a maid and Thom Tillis of North Carolina, are holding on to early leads. On the Democratic side. John Hickenlooper defeated GOP Senator Cory Gardner and Colorado, Mark Kelly beat Republican incumbent Martha McSally in Arizona right now results point to a narrowly divided Senate. With Republicans maintaining control and the House. It looks like Democrats will maintain control, though they lost some seats. The results keep Democrats in power but fall short of expectations for an expanded majority that gives Nancy Pelosi less room to maneuver in her next term. As speaker of the House. The U. S futures have been up and down overnight is traders look to make sense of where things stand, Jeffrey, you is a senior strategy. Just it being why melon some degree of uncertainty. That was one of the scenarios. Abby. That was not the course scenario heading into this. But once again, the polls have bean somewhat off the mark, and the people will just have to adjust. According me, s O called blue wave had largely been priced in. Now investors are adjusting. Daniel Morris, his chief strategist at BNP Paribas Asset Management, were likely to have gridlock in Washington. Neither party is going to be able to dominate both the presidency and the Congress. You're not going to see significant legislative initiatives. Likely they're not. And that means that the underlying fundamentals of the economy that they're going to determine where markets go from here. We're looking at where they're going. Now We're seeing the biggest move in Treasuries. Yields are tumbling across the board. The 10 year is its.

Senate GOP Mitch McConnell John Cornyn Steve Daines John Hickenlooper Thom Tillis BNP Paribas Asset Management Joni Ernst Nancy Pelosi Susan Collins Lindsey Graham Supreme Court Cory Gardner Treasuries fraud Roger Marshall president Tommy Tub North Carolina
"daniel morris" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:31 min | 1 year ago

"daniel morris" Discussed on Bloomberg Radio New York

"It's 5 19 on Wall Street live from the Bloomberg Interactive broker studios. This is Bloomberg Daybreak, and it looks like the Bulls air winning when it comes to the markets as we get this Suijk started. Daniel Morris joins us now senior investment strategist at BNP Paribas Asset Management. So nice to have you on with us A CZ we get this week started. Daniel And certainly a lot of headlines driving this current rally from Dealnews a flurry of that Teo Pfizer coming out with this aggressive timetable for coming up with a vaccine, perhaps by the end of next month. Eyes it just headline driven, or do you see something more significant driving this rally right now? Hopefully a bit of fundamentals and a bit of good headlines. I think you're right that the markets for the most part, certainly in the U. S. At least. This is a big contrast with Europe in the US focusing more on Mohr kind of on post Cove it if you will on the prospects for vaccine, you do not see declining infections, low death rates in the US and contrast to Europe, So I think that's part of the positive buzz that I think you have there. Secondarily. If you do look at earnings revisions that running about to tow one positive over negative in the US, you've got deal activity. I mean, all of that. I think it's certainly supportive. And then if we think about, you know the increase in significance of the elections between now and November, kind of most of those, certainly not all of the scenario you come up with. Probably still going to be supportive for equities. You're either going to see increased fiscal stimulus. If it's more towards the Democratic win, if it's more on the Republican side, other types of support tax cuts, so I think it's going to be a mood where the markets are looking for the good side of things is necessarily the bad. When you talk about looking toward post Co vid reality does that imply that maybe now is the time to start thinking about rotating out a tech into more value plays? I think there's two sides to that decision on the one half. Certainly we've already seen the correction that we've had in Tech that I think it's worth keeping in mind that a lot of that selloff has been concentrated in relatively few names. It's not. It certainly is broad base, but you don't see the percentage declines across all of technology as you do, and some of the more the hardware specific names. That said, if we've certainly seen the benefit of tech from the pandemic up to now, you would anticipate on the margin that to the degree you moved post pandemic, There's less emphasis on and investing, say, and infrastructure to support people working from home and so on. Yeah, you would think you would mention marginally less demand there and then rotating towards what we hoped to be Some tour of some type of normality in the future towards consumer discretionary traveled in leisure and so on. I think that flips It is what you see for value. Whether or not you're going to see is benefit increase in interest rates, and there, I think it becomes for challenging. On one hand, you do have the change in the Fed's framework, which there now expressively looking for above 2% inflation that should support inflation expectations that should benefit nominal yield. But at the same time, they're essentially telling you, we're going to keep policy rates, you know, you know near zero for a very, very long time. And so really rates are going to stay lower fall, and so it's really the net of those two that Dr Nominal yield And you need to have higher nominal yield. If you really want to see value in, particularly bank start out perform. Do you think we'll see more clarity from the Fed when they meet later this week on how they plan to boost inflation expectations..

US Daniel Morris Fed Bloomberg Interactive Europe BNP Paribas Asset Management Bloomberg Teo Pfizer post Cove Bulls Dealnews Mohr
"daniel morris" Discussed on WTVN

WTVN

01:54 min | 1 year ago

"daniel morris" Discussed on WTVN

"Missing one year old girl is safe this morning after being abducted from her mother overnight the amber alert went into effect around three AM according to east Cleveland police the girl was forcibly taken from her home by her father Isaac Francisco both were found without incident a few hours later and an amber alert has been lifted in Lisbon in columbiana county after a ten year old boy was missing he left his home around noon Saturday with two other boys and an unidentified man he has been found safe suspect is in custody after allegedly killed one man and fired a witness early yesterday morning in Columbus is hilltop area according to local police officers arrested thirty two year old Joshua Jennings after he shot thirty eight year old Daniel Morris around one AM Cleveland police are searching for the suspect who fired shots at officers in the warehouse district on Saturday the suspect was driving a gray Silverado there were eight shootings in the span of eight hours in Cleveland the state of Ohio is ending its easing up of how you could jobless benefits if you have been receiving unemployment benefits because you were laid off or furloughed during the pandemic but you've been called back to work the state of Ohio will now cut off your unemployment benefits there are a few exceptions those over the age sixty five can still collect jobless benefits along with those who have medical conditions or are caring for somebody with covert nineteen and you can't refuse to stay off the job if you can prove your employer is allowing health violations to take place at work I'm Tom Moore an eighty nine year old pilot survived a plane crash near Columbus Saturday night authorities say the crash happened just before seven PM in the area of route thirty seven and two oh four in Fairfield County troopers reported in nineteen sixty eight Cessna flown by Alan Dobler of Millersport was flying when an unknown mechanical issue causes plane to hit electrical wires and crashed in a cornfield I'm a C. Jepson news.

Isaac Francisco Lisbon columbiana county Columbus Joshua Jennings Daniel Morris Cleveland Ohio Tom Moore Alan Dobler Millersport Fairfield County C. Jepson
"daniel morris" Discussed on Newsradio 970 WFLA

Newsradio 970 WFLA

02:10 min | 2 years ago

"daniel morris" Discussed on Newsradio 970 WFLA

"Unaffected areas then dropped over time possible factors include access to healthcare and medications you're more about hurricanes and diabetes and are beyond the news podcast on the I heart radio app Gordan bird newsradio WFLA more red light cameras are coming to manatee county commissioners voted on Tuesday to put them up the two intersections where sheriff's office study determined crashes were rapidly on the rise commissioner misty is Sylvia supports the move these red light cameras do change our behavior definitely more cautious at the intersection and that's going to save lives and money officials say this is not to generate revenue but to cut down on crashes. land to improve Saint Pete Clearwater airport is on schedule after Pinellas county commissioners approved an FAA funding grant worth twenty million dollars airport director Thomas Jews very tells news channel eight the airport is seen explosive growth the money will be going towards of rehabilitating our primary or carry one way to ensure that we continue to maintain a safety factor in two thousand six the airport's main carrier a legions offered twelve destinations today the airline provides fifty five nonstop flights out of Saint Pete Clearwater it's five oh five eight newsradio WFLA this is a Bloomberg market minute the news on trade one from encouraging to negative Tuesday and that was before the latest political turmoil in Washington stocks ended lower Daniel Morris of BNP para Bartels Bloomberg investors have learned to live with volatility certainly when there's good news the market rallied on that we share with all of you see it but I think we're all quite aware at this point that even if there appears to be an agreement that can change the next day American and Chinese trade officials are scheduled to meet in Washington in October reports on sales of newly built homes and mortgage applications will put the housing sector in focus today Nike checked in after the bell reporting stronger than expected quarterly sales and earnings Cabey home and pier one imports release their quarterly results today Best Buy holds its investor meeting in New York today the consumer electronics retailer will detail a plan to branch out into healthcare.

diabetes Cabey Bartels Bloomberg Bloomberg director FAA Pinellas county commissioner manatee county Sylvia New York Best Buy bell Nike Washington Daniel Morris Saint Pete Clearwater Thomas Jews
"daniel morris" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:12 min | 2 years ago

"daniel morris" Discussed on Bloomberg Radio New York

"If you look at the bull markets a little bit of a different story being told here perhaps the a negative growth data around the PMR he's at that we had in Europe yesterday in Japan today yes there was a bright spot in the U. S. I. H. I. H. S. is being reflected in the ten year treasury yields that is down almost two basis points one seventy one handle the tiny bundle doesn't move a lot though that's negative fifty eight of the ten year guiltily to study on a fifty four handle the pre but dollar index also fed a steady in today's session because of some mixed signals are being sent in these markets taking a look at the oil price thought these a little bit weaker WTI down eight tenths of percent fifty eight for eighteen break creeks crew sixty four eighteen down nine tenths of a percent SO we'll see we'll a slight just a little bit in today's session on signs of the returning output from Saudi Aramco even as those doubts all the great that's a pretty big business what she's young parents with more what's going on around the world namely thank you here in the U. K. the prime minister's edging European leaders to recognize that he's compromised on brexit birthstone since appealing for them to meet him halfway in the divorce deal officials on both sides see. these you and talks as potentially make a break for securing an agreement find the brexit deadline the prime minister is also bracing for the Supreme Court decision on his suspension of parliament that's two at ten thirty AM U. K. sign president trump made a short an unexpected appearance at the UN climate change summit in New York well the distant business chiefs on discussing how to tackle climate change that's as public anger grows at the lack of action teenage active is great to tune but telling the summit they've ignored the issue for pharmacy long and finally there's nothing like a twenty point eight carat to blue diamond to help a struggling Mina Petra diamonds and at the gym and it's come in mine in South Africa famous for producing expensive stones including those in the British crown jewels well Patrick gave no full cost on the price blue gem quality stones are among the most valuable in the world label needs twenty four hours a day on there and it took took on Twitter by more than twenty seven hundred and there's some on this symbol the one hundred and twenty countries I'm young parents this is Bloomberg name a Leon thank you so much now coming up next our colleagues in the U. S. A. getting ready for Bloomberg daybreak in your class check in with Nathan hago good speech you Nathan so what's ahead for you well they're a good morning we're starting off this morning with the latest trade headlines China's new terror if waivers on some US soybean purchases seem to be giving markets something to smile about seeing a modest lifting U. S. futures of the same time treasuries are rising on the short end as well perhaps a sign of lingering growth concern particularly given the latest data out of Europe we're going to check in with Daniel Morris of BMP party box get his take on what's happening in markets this morning we are also awaiting that key decision from the U. K. Supreme Court on the suspension of parliament the pound is holding steady ahead of that we'll see how long that lasts after five thirty Wall Street time. and will tell you more about Facebook's latest M. in a move it is not an insult.

ten year twenty four hours eight carat
"daniel morris" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:03 min | 2 years ago

"daniel morris" Discussed on Bloomberg Radio New York

"Preview nail for bluebirds Charlie palette as we move into the trading month of September investor focus this week will remain very much on global trade tensions along with plenty of economic data and a smattering of earnings news Daniel Morris's senior investment strategist at B. M. P. potter bot asset management in London I think it's a focus for example on earnings expectations for you really see the divergence in the market again is between the technology sector and everything else. earnings expectations for tech continue to rise seconds on buying large dental recently well despite of the trade tensions and this week we will be hearing from software developer slack cyber security platform crowd strike and yoga wear maker lululemon Charlie Pellett Bloomberg daybreak it's six thirty eight on Wall Street the following is an editorial from Bloomberg opinion you can have too much of a good thing even as Germany proves financial self discipline with the economy on the verge of recession and growth in the euro area sputtering out strong fiscal stimulus is needed from Berlin but the government is running a budget surplus and talking only vaguely about additional spending at some point maybe should the need arise the need has already arisen German business confidence is slim to seven year low and the economy shrank in the second quarter output may fall again in the third meanwhile the country is so awash in savings that its cost of long term borrowing is negative lenders are willing to pay Berman to take their money Germany's government should set aside that snow bar when policy and come forward with new fiscal plans under conditions like these fear of public bar when is the opposite of prudent this editorial was written by the Bloomberg opinion editorial board I'm David Shipley for more Bloomberg opinion please go to Bloomberg dot com slash opinion or okay I can go on the Bloomberg terminal this has been Bloomberg opinion over gaping it editorials could be heard every weekday at this time six thirty nine on Wall Street time down to the bluebird re report and here's Bob moon critics call it a guidance document that lacks clear guidance graph what helps guidance that allows federal agencies not to consider the climate change impact of their decisions made untangle them in more lawsuits if they follow that advice environmental critics and industry supporters alike are concerned the guidance from the White House council on environmental quality may not be enough to shield federal agencies decisions on infrastructure in energy projects. from being reversed by the courts the questions come as federal judges across the country are increasingly scrutinizing environmental assessments for lack of analysis on climate change impacts the trump administration lost several cases in the past couple of years because it failed to consider the climate impacts of constructing pipelines issuing leases for oil and gas development and expanding coal mines environmentalists and policy makers say the guidance is so wonderful and and lacking in clarity is essentially lets each compliance officers have their own set of rules that's the Bloomberg green business report I'm Bob mon thanks Bob you're listening the Bloomberg.

seven year
"daniel morris" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:09 min | 2 years ago

"daniel morris" Discussed on Bloomberg Radio New York

"Eyes he felt like that in between starts you know he wasn't happy with what happened the last outing and it comes out today and steps of huge of a ten ten strikeouts and no walks ninety pitches seven innings he did everything we needed and once for JD Davis injected me also after the six straight home losses met to go on the road one three of four but the cubs won the masters of the four games out for a playoff spot with the departure Novak Djokovic Raphael the down that favored to win the US open he won last night in four sets over marriage election no doubt tomorrow faces Diego Schwartzman the one in four over the six seat Alexander of ever women's side Belinda benches upset the top seeded twenty give me a mail sack elastomeric and Taylor Townsend fell in three sets and that leaves Serena Williams as the lone American remaining on either side she plays her quarterfinal match tonight before Roger Federer plays his symbiotic in college football as they noted a. the Louisville thirty five seventy river gives you sports update I'm John stage at work done John thanks Wall Street returns to a holiday shortened work week with plenty to digest let's get a preview from Bloomberg's Charlie palette as we move into the trading month of September investor focus this week will remain very much on global trade tensions along with plenty of economic data and a smattering of earnings news Daniel Morris's senior investment strategist at B. M. P. part of our asset management in London I think if a focus for example on earnings expectations for you really see the divergence in the market again is between the technology sector and everything else. earnings expectations for tech continue to rise because by and large done recently well despite all the trade tensions and this week we will be hearing from software developer slacks cyber security platform crowd strike and yoga wear maker lululemon Charlie talent Bloomberg daybreak yeah the itself five thirty eight on Wall Street time for the tri state business report and for that we're joined live by Bloomberg's Joan Doniger Joe good morning good morning John a post Labor Day victory for editors and fact checkers it New Yorker magazine the Conde Nast publication will hire those subcontracted workers as direct employees now the change comes in the middle of ongoing contract negotiations with the newly unionized staff that the magazine Tiananmen advisers is expanding outside the US for the first time the wealth management firm has a venture now based in Zurich with Switzerland's Constantia partners the new venture will help determine target clients throughout the European Union in the Middle East what is the NFL mean to New Jersey the New York Post says the league's new season should give the state the title of sports betting capital of the nation nosing Las Vegas out of the way last year just months after sports betting became legal the state's total sports gambling handled through the NFL season came to one and a half billion dollars with the tri state business report I'm John Doniger John John thanks it's now five thirty nine of Wall Street and Bloomberg radio was on the air from San Francisco to New York London to Hong Kong let's check in with our global news team for some of the top stories her daughter three hundred affiliate radio stations.

billion dollars
"daniel morris" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:31 min | 2 years ago

"daniel morris" Discussed on Bloomberg Radio New York

"Secondly, if you couldn't do a fundamental change to the Chinese system, that's to take a lot more enforcement than what is involved here, and probably not something whatever the People's Congress passes, it's gonna take much effect. So so Daniel Morrison. What about assets what assets become more investable? If in fact, this deal does have we have to keep saying if because it's not done. Well, I think if you look at the reaction of the Chinese equity market so far this year clearly has been driven by an anticipation on some type of deal, and the fact that I think really what's come out over the weekend is probably for a lot of people better than they had expected. It wasn't clear that you wouldn't necessarily get much any reduction in existing tariffs on China. We'll have to see whether that exactly happens or not. But if you do get an actual reduction and outstanding tariffs, I think that's going to exceed expectations. And I think that's gonna give some more energy to the rally that China equity so far. So would you argue that EM in China are the biggest beneficiaries of that because we're removing a fab we might be removing trade a big headwinds for the overall market, particularly here in the US. But you think China is the best beneficiary simply because they're the ones that suffered by far the most as trade tensions went up China underperformed in the same way that when Trump would talk about terrorist for tariffs against Canada or Mexico. Those markets always underperformed relative to the US because without question. I'm more dependent on trade from America and vice versa. So conversely, if we do reduce tensions around trade China's disproportionately benefit, whereas the US marginally, it's helpful. But it's not really going to be the key thing. Driving the market. President Trump came to office being very explicit in the fact that he likes bilateral deals, not multilateral deals. What happened to the WTO and all this? If this goes forward where we talk about where's the WTO? What role they have the play in trade going forward? The idea is efficient to make multilateral deals rather than bilateral deals, which Trump is now seeing if you look how bad NAFTA zero point eight is versus TPP. It's better to make consistent deals across a bunch of people. The WTO continues to function as an important forum for talking about trade issues, and as an important dispute settlement mechanism as we just saw between China and the US on agriculture the other day, the real issue for WTO going forward is how much of this bilateral discussion of intellectual property between the US and China becomes a broader regime, and that could take place within the WTO that could take place with Japan and Europe joining with the US, but it's not clear where it goes from here. And that again is a lost opportunity by doing this bilaterally rather than at least plural lateral. Adam. What did we learn from this about how the US will deal in Japan? How the US will deal with Europe, for example, and the UK at some point. No. I think I think it's the right question going forward, and the unfortunate lesson is you're going to see I think blessings that Trump is gonna take is that he's verified in his belief in bilateral deals. US trade Representative is there continues to be incredibly distrustful the WTO because of an ideological bias. And so what you're going to have is again as with NAFTA rewrite as what US China's was Korea. Can you can get a lot of noise? A lot of a lot of uncertainty and not very much done at the end of the day, the UK in particular, however, being the weakest and the smallest they leave the which they probably will they're going to be most vulnerable. That was Daniel Morris of BNP pair of our asset.

US China WTO Trump Daniel Morrison Congress UK Europe Daniel Morris Adam Japan BNP America President Representative Canada Korea Mexico
"daniel morris" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:47 min | 2 years ago

"daniel morris" Discussed on Bloomberg Radio New York

"Still let's check the markets and some of today's top business stories. I'm Charlie Pellett down Monday's shares retreated. As investors sought details of a possible trade deal between the White House in China. Ross Kosta riches portfolio manager with the BlackRock global allocation team, we're trimming a bit. This has been extraordinarily rally seen the vix index. Go down non weeks in a row, we've seen you a sequiturs rally twenty percents off the bottom, and we haven't really seen much of a change in the underlying economic situation, the economy still decelerating, so we're taking the opportunity turmeric we holding bring it down a bit and Gerson distant fouled is co head of fixed income at alliance Bernstein, we think the growth picture the US is still pretty good despite what's going on. You know, global we focus so much on on tariffs and trade what we remain relatively close academy. Almost seventy percent of our economy is consumption and with unemployment is low as it is. There's no reason to go into recession. The US construction spending slowed in twenty eighteen ham with more. Here's Bloomberg's Vinny. Del Jude is it's the smallest increase in seven years. The value of construction put in place rose four point one percent in two thousand eighteen or one point three trillion dollars higher borrowing costs glut of apartments restrained. Residential construction factory construction was also down for December alone spending declined for the first time in three months down chewed ice. Bloomberg radio after the bell. We heard from Salesforce dot com. Shares are trading lower by roughly three percent, its fourth-quarter earnings per share and revenue did come in better than expected. But it is guiding lower for the first quarter of the Dow the s&p NASDAQ all lower today s and p downtown of drop of four tenths of one percent. Dow Industrial's down two hundred six down eight tenths of one percent. Nasdaq down seventeen a decline of two tenths of one percent. I'm Charlie Pellett. That's a Bloomberg business flash. Bloomberg best with that backstage. Stor continues. Markets are responding today to reports that the US and China, maybe near a trade deal. Bloomberg's Alix steel and David Westin spoke with Daniel Morris, BNP parabas asset management, senior investment strategist. And Adam Posen Peterson institute for international economics, president they discuss the possibility of a trade deal between China and the US and what it may mean for the US economy. I'll start with you. We're basically China will reduce tariffs on various farm products. Chemicals autos. They'll take away some foreign ownership restrictions with respect to some auto ventures things like that you've been a critic of how President Trump has been proceeding here that got this deal. Would it be a good thing? United states. It'd be better than having the ongoing terrorists intentions, David. If it can be sustained Washington has become a very China hawkish place. So I don't think this deal is going to satisfy anyone politically economically. It will have sacrificed several billion dollars in a lot of disruption in the US and a lot of missed investment for very little yield. So yeah, I think it's still a bad idea. Was just for a moment that the actual trade in goods issue. What if there's progress on intellectual property, and perhaps technology transfer is that a more fundamental change for the better? You're absolutely right. David that's much more fundamental issue. The tariffs are relatively small potatoes are small beans, and pork even though they heard people the intellectual property is the core issue. But it's not something that I think people are looking at properly and not the Trump administration on the one hand companies Molitor multinationals transfer parts of technology all the time to all kinds of countries. That's part of how business gets done. That's part of how development happens that's part of how markets grow. So it's in their own interest to do that. But Secondly, if you.

Bloomberg United states China David Westin Charlie Pellett president Ross Kosta White House Salesforce Molitor multinationals Adam Posen Peterson institute BlackRock Dow Industrial alliance Bernstein portfolio manager Jude Gerson
"daniel morris" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:19 min | 3 years ago

"daniel morris" Discussed on Bloomberg Radio New York

"Now, here's Michael Barr with more on what's going on around the world. Michael good morning. Good morning. Darren there could be a breakthrough in negotiations to end the partial government shutdown. President Trump has invited congressional leaders from both parties to the White House setting the stage for the first meeting between top democratic and Republican leaders and the president today's meeting would include a briefing on border security, Kim, Jon used his New Year's address to issue appointed warning to President Trump saying North Korea would take a new path the nuclear talks if the US didn't relax economic sanctions in the NBA. The Knicks lost in the NHL. The Bruins one global news twenty four hours a day on air and a tick tock on Twitter powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg. Nathan. Thank you, Michael. We are live from the Bloomberg interactive brokers studios where it's five forty eight on Wall Street Daniel Morris joins us now from London. He's senior investment strategist at BNP pari bought asset management Daniel looks as though we're starting the new year, right? Where twenty. Eighteen left off. Are we running into the same walls of worry that investors had to deal with in the year gone by? Well, I think it's less today. What's going on? So far today that the attitude that we had last year, which is basically if there was any news kind of looking for the negative side of it as opposed to the positive is still in place. So for example, you know, the story is we've had two point in PM is out of China also manufacturing contraction for Italy. And so on which is all true. However, you want to look at the bright side to the degree. It's their services PM. I actually it's been improving in China and quite strong. And we shouldn't forget the services sector is the biggest part of the Chinese economy. So that's all set in the construction of the weakness you've seen manufacturing. I in Italy, for example, manufacturing PM, I even though it was full of fifty actually improved over the previous month. So there are there is just right now investors don't seem to want to pay attention to them. So how do investors take advantage of those positive sides such as they are? Well, that's a bit of a dilemma right now, if we look at so US equities in general, obviously, even with the decline that we've had you certainly can't say that they're cheap and absolute terms multiple forward. Multiples for the SNP bit below around fourteen to fifteen which is a little bit below the average discount in US equities right now. But not a very big one. And if you're looking for. To the market drive. It back up. I don't think you really see that environment right now. Where you would see opportunity simply from valuations point of view would be emerging markets. But I didn't get to bit early for that we know as much as a contraction in the manufacturing sector in China. The real issue remains trade. And even though we've got a should we say more positive signals out of the Trump administration? Currently we know that that can change in a tweet. And so until we get more clarification uncertainty there we think it's probably too early to move into emerging market. So we're more cautious mode right now. More neutral on equities are necessarily piling how much farther do you think equities have to fall? Well, so far we've had a bouncing around close to ten percent. We don't necessarily think they need to fall further. I mean, like, you said valuations think expectations also have normalized sentiment, you know. Hopefully, it's about as bad as it needs to get. And if anything that you want to look for the positive signal for the markets is that people are so negative, and it tends to be when tend to matab an extreme that you want to be moving in the other direction. So don't see a reason for a bigger more significant contraction US equities are still quite good. We don't want to lose sight of that. But we want to see that sentiment turn around or they start to turn around a really still it's a movement to change our allegations with valuations perhaps not as far down as might be expected. Does the fed need to have a feel for these markets despite the fundamentals? Well, that's always the question on one hand, they really shouldn't. So to speak. The market isn't always the best indicator. What's happening in the economy? They're thinking about the unemployment rate in about inflation, and what's happening with the Dow isn't necessarily impact that so directly and so immediately, but at the same time, certainly they're cognizant of it. There of what's going on with the dollar. They're aware of what happens to household west when the market fall. So yes, it's certainly something they're going to keep in mind. Even if they wouldn't say so supposedly may think that's one reason you are seeing a slightly more dovish tone for the fed over the last month or so because they are realizing it's not quite the barn burner sentiment that we had at the beginning of the year when we talked about overheating of the economy and an increase in inflation expectations. It's a little bit more typical to have that type of scenario line right now with that said, do you think that the fed will continue on its autopilot track with rate hikes and balance sheet unwind? Unbalanced sheet more than likely, I think would have to be pretty big determined. They Konami for them to change that on the interest rate hikes. I think they've signaled it's probably not so much pilot anymore. They're very much taking into the two issues. Data dependent. If inflation continues to this one in the US, which to be honest, he did last year even with Anna plummet rate where it is even with the growth rate in the economy where it is. If that continues it's going to become ever more difficult for them to justify the rate rate, passive they had laid out last year. So we're seeing some moderation in that. And really this is kind of innocence, the Goldilocks, we always wanted which means we have strong economic growth, we're still above potential above trend for the US economy without the increase in inflation. So that environment is still really quite good. Until if we do get that growth remained solid and inflation doesn't move up. That means they don't need to hike interest rates. So it's really actually pretty good environment for equities. Thanks for all this Daniel, really appreciated that was Daniel Morris. Joining us senior investment strategist at BNP party by asset management in London. Karen, all right. Nathan, thank you. It is coming up to five fifty four on Wall Street. It's time for the Bloomberg law report. Let's get to the legal stories. We're watching this morning Steve Potisk and the Bloomberg ninety nine one Washington newsroom. The band nirvana is suing Mark Jacobson.

US Michael Barr Daniel Morris Bloomberg fed China President Trump Nathan Italy London Bloomberg interactive brokers Knicks Twitter PM Darren president Bruins NBA