5 Burst results for "Danka Covid"
Bloomberg Radio New York
"danka covid" Discussed on Bloomberg Radio New York
"Now the latest news from New York City and around the world, here's Michael Barr. Tom Lisa John still recovering from severe flooding residents of Jackson Mississippi now face little to no water pressure in their homes after the city's main treatment of facility failed yesterday. Governor Tate Reeves is now declared a state of emergency for Jackson's 180,000 residents, stayed health officer doctor Daniel. Brings no longer place to toilets, which is impacting individual sanitation in our homes and our institutions and certainly in our educational facilities, which is going to impact the ability of our students to be attending school. Doctor redney says the water is not safe to drink. Officials in Pakistan say it could take years to recover from this summer's devastating flooding, one of the worst climate catastrophes the country says it has faced in decades. At least a thousand people have been killed and thousands more are stranded. Shandana gulzar Khan is a member of Pakistan's parliament. We haven't had floods of this magnitude of scales in the last 30 years. At this point in time, we have unconfirmed deaths of between 1216 hundred people. They have drowned. Of course, these numbers have to be verified later on. Injured numbers are countless. Parliament member Khan says a third of the country is now underwater with millions of homes damaged or destroyed. President Biden is on the road today traveling to Pennsylvania during remarks today on police funding and crime and Wilkes Barry. President Biden will launch a fresh attack on Republicans, king in on some who called to defund the FBI and the wake of the raid on former president Trump's Mar-a-Lago estate this month. The president will, according to his press secretary, corrine John Pierre, flipped the script on those GOP lawmakers. He will say that you can't propose the funding. The FBI or defund the mob that's the capital and attacks. And the salted police officers on January 6th and pre and be pro police. Press secretary Karen Jean Pierre, retirement will have to wait at the U.S. open Serena Williams advanced after her first round win last night over danka COVID. Live from the Bloomberg interactive broker studios, this is global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than a 120
Bloomberg Radio New York
"danka covid" Discussed on Bloomberg Radio New York
"Of the challenges facing the ECB? There may be a case for continuing to raise rates even if you get into a recessionary environment. Do you believe in the determination of these officials at the European Central Bank to look through this slow and growth picture? They are more sensitive to growth and to fearing to slow growth off completely than you'd have in the United States. I would say, but we're also dealing with a number of countries in Europe which have a historical sensitivity towards inflation. So I think where we were with the United States a few months ago where we expected more on the rate hike faster in order for them to revise down faster and which mister Powell apparently is not going to do. I would expect that our thinking on Europe for the market is in a similar position now for Europe. Raise packs a little bit more faster now in order to have an ability to do something if the situation becomes more tricky to manage. Earlier. Here, more conversations like this one on Bloomberg television, streaming live on Bloomberg dot com and on the Bloomberg mobile app. Or check your local cable listings. Markets, headlines, and breaking news, 24 hours a day. At Bloomberg dot com, the Bloomberg business app and at Bloomberg quick take. This is a Bloomberg business flash. And I'm carrying mosquito and we continue to watch shares of Twitter this morning there down almost two and a half percent in early trading. This is Elon Musk sent a letter to the social media company highlighting additional reasons to terminate a merger agreement, Tesla shares meanwhile, are rising this morning up more than 2%. Futures on the rise this morning as well, S&P futures have 35 points down futures up 224. NASDAQ futures have 146 and we check the markets every 15 minutes throughout the trading day on Bloomberg. Ten year treasury up ten 30 seconds yield 3.06% they yield on the two year 3.40%. Nymex crude oils down 1.6% on a dollar 55 at $95 46 cents a barrel. Comic school got a quarter percent or $4 30 cents a 1745 40 ounce. The Euro is at 1.0042 against a dollar British pound 1.1728, and the yen one 38.31 and Bitcoin is up 1.3% at $20,450. That's a Bloomberg business flush. Now here's Michael Barr with more on what's going on around the world. Michael. Karen, thank you very much, Ukrainian forces launched ground assaults in the curse on region of southern Ukraine. It comes as inspectors head to the nuclear plant in the northeast from the latest offensive. President Joe Biden plans to deliver a prime time speech Thursday in Philadelphia. The sailing Republicans for what he regards as their threats to U.S. rights and freedom. Retirement will have to wait at the U.S. open Serena Williams advanced after her first round win last night over danka COVID in baseball, the Yankees lost to the angels four three, but Aaron judge hit his 50th home run of the season, judge became one of ten players major league history with multiple 50 Homer seasons. The Red Sox and giants lost. Global news, 24 hours a day, on air, and on Bloomberg quick tank, powered by more than 2700 journalists, analysts, more than a 120 countries. Michael Barr, this is Bloomberg Nathan. Thanks, Michael. It is 6 19 on Wall Street live from the Bloomberg interactive broker studios. This is Bloomberg daybreak. We're pleased to be joined this morning by Mark vitner senior economist at Wells Fargo as we continue to kind of assess the market reaction to fed chair Jay Powell's hawkish tone at the end of last week at the Jackson hole economic symposium. Mark good morning, do you think the market has fully priced in what fed chair pal had to say about higher for longer interest rates? Well, I think we're getting there. We probably still have a little ways to go. I think folks are underestimating how much more the fed is going to have to do to bring inflation down. They don't have to do it all at once. And I think that everybody's got hung up on whether they're going to be a 50 or 75 in September. And the real question is, do they go to 4% or are they going to have to go higher than 4%? And how long are they going to have to hold interest rates that high? And I think the message from Jackson always we're not quite sure ourselves. But it's probably going to be for a little bit higher than four. And don't count on break cuts next year. And so rates are going to be a little higher for a little longer. And I don't think that's fully priced yet. Why do you think the fed has to see to get to a point where it can say that we can at least start slowing down the pace of rate hikes? Well, I think they have to have a better idea that the economy's momentum has slowed in the way that aggregate demand is going to cool off inflation. And I think we're making progress on that. And a lot of people are probably scratching their heads and say, wait a minute, we had two declines in GDP in the first quarter and second quarter. Isn't that enough? And those declines are a little illusory. I think that we're going to see later in September and September 29th. We get to benchmark revisions. The GDP growth was actually positive in the first two quarters of the year. So that we are losing momentum, but we're coming from a bit more strength than people have counted for Canada. The employment numbers have been real strong. We still see a lot of pressure on wages. So we probably need to see a definitive rollover in wages. Before the set is going to feel that they can at the end and their rate hikes is within sight. And then we need to see some improvement on the supply side, which the fed has less control over. In terms of supply chain bottlenecks and sitting aggregate production pick up in the U.S. and that that's going to be longer. That imbalance seems like it's going to carry well over into 2023. Fed chair pal did put a lot of emphasis on the tightness of the labor market and his speech on Friday. Do you think we're going to start to see some signs of that rollover in wage price pressure in the print that we get on Friday? We're not looking for it there. Although I do think that we're topping out for looking for about a half a percentage point increase in average earlier earnings and we should be up about 5.3% year to year. It's probably too soon, although we are seeing some improvement. Anybody who's taken Uber or Lyft will see that there has been a notable increase in drivers coming back. And so I think that's one of those real life things that I think has some carry over into the broader economy. I do think people are coming back in the workforce. It may be though that they're coming back because they're getting squeezed by higher food dinner two prices and they need a little bit more income.
Bloomberg Radio New York
"danka covid" Discussed on Bloomberg Radio New York
"On around the world, Michael. Thank you very much, Karen, Ukraine's military says it is advancing in Russian held territory just north of the Crimea Peninsula. It comes as the International Atomic Energy Agency heads to the Russian occupied nuclear power plant to the northeast in Ukraine. Tony ornato, the senior Secret Service official whose name was at the center of controversy during the January 6th hearings has retired. At the U.S. open, hold on retirement, Serena Williams advanced after her first round win last night over danka COVID in baseball, the Yankees lost to the angels four three, but Aaron judge. Hit his 50th home run of the season, judge became only one of ten players in MLB history to have multiple 50 Homer seasons. The Red Sox giants lost. Global news, 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts more than a 120 countries. Michael Barr, this is Bloomberg Nathan. And it's not even September yet. Thank you, Michael. It is 5 49 on Wall Street live for the Bloomberg interactive broker studios. This is Bloomberg day break. Let's jump into these markets. Now, SD dweck joins us, chief investment officer at Flo bank. Good morning. We're seeing futures rise after the two day slide following Jackson hole. Do you buy this dip? Good morning. I think I would. You know, there's a lot of talk about this fed pivot that wasn't happening, but I don't think we were ever going to get an actual pivot. The market wasn't expecting the fed to start cutting now or to stop hiking. The fed is clearly past the most aggressive part of its tightening cycle, we're probably going to get 50 basis points unless we get a really bad inflation number for August, which indicators don't seem to be pointing that way. And then we'll have a couple more 25 basis points, but we're moving into the end of the tightening cycle. And I think the fed needed to re anchor those medium to long-term expectations, reaffirm it was going to keep fighting inflation because it felt the market maybe got a little too complacent over the summer. But I don't think this speech should be that much of a surprise and change the perspectives and you can see you didn't see that much of a move in the bond market. You're getting right into the heart of the debate, aren't you? Whether the fed is going to pivot, I guess, to slower rate hikes. Dig a little deeper into your call here. Why do you think the fed is going to start slowing down next month? We saw in the July minute that they know it takes three to 6 months for the rate hikes to feed through into the economy. We started to see a couple of data points showing that growth is gradually slowing, although not yet so much in the labor market, of course. And we're continuing to get these disinflation indicators. Hopefully, August comes in lower than July. And again, most of these indicators are pointing that way. One month doesn't make a trend but two, three, four months in a row, if this continues into the end of the year, that gives a little confidence that inflation is coming down and they need to let the big, big rate hikes that they did in the second and third quarter have an impact on growth, bring demand down slowly and let that feed through into next year. I'm sure by now you've heard the comments to our odd lots podcast here on Bloomberg news from Minneapolis fed president Neil kashkari saying that he was pretty happy with the market reaction following chairman Powell's speech on Friday. He says it's a sign that the message from Powell on higher for longer rates was received by markets is the market sending a different message here. I told that, again, if you look at the bond market, you had a more of a reaction before the speech than after the terminal rate didn't change so much. The odds of 75 basis points versus 50 for September went up, but they've sort of retreated already since. I think the fed also wanted to send a message that the rate cut expectations that were coming in sort of earlier and earlier in 2023 weren't going to happen. So I'm not sure it was so much about September or into the end of the year. I think it was a view that they are going to get restrictive as we've already known and they're going to stay restrictive for longer. And even if growth slows, it's kind of what they're hoping for. So they're not going to jump in at the first sign of a disappointing non farm payrolls number or a softer PMI number. They're going to stay tighter for longer. So given all that you're saying here, SD in our last minute or so, how are you advising your clients to add to risk? Are you making a certain recommendations on sectors or styles through the rest of this year? Well, we think that technology is going to resume its outperformance in the coming months and lead the market higher into the end of the year. Now, it doesn't mean we don't get more speed bumps like we did just now. And September for sure can be tricky, at least at some point during the month. So there's certainly no all clearer signal, but some of these more some of the cyclical sectors should start to recover if growth holds up. And again, I think technology growth and earnings are going to continue to support the sector, and that will help lead the market higher. Great to get your thoughts this morning, SD, thanks for this. Really appreciate you joining us. That's SD dweck. Chief investment officer at Flo bank. Karen. All right, Nathan. 53 on Wall Street time for the Bloomberg law report, let's get to the legal stories we're watching this morning from Bloomberg's Jeff Bellinger
Bloomberg Radio New York
"danka covid" Discussed on Bloomberg Radio New York
"Of sport from around the world Here's Dan Schwartzman Thanks Brian At the Australian open two C Daniel Medvedev needing four sets of hands to the third round over Nick Kyrgyz while 11 see Yannick sinner moves on and straight sets coming up later tonight 7 seeded Matteo baritone is in action against 31st seat Carlos alcaraz Looking at the women's draw 17 seat Emma ratana is beating three sets by danka COVID niche while 14 seats Simona Halep advances in straight sets Later the night four seed Barbara krejcikova 15 Maria sakari and 8 seated Paolo badosa played third round matches Barcelona has been worn by the professional footballers association in Spain that their treatment of winger osmani deadly could be illegal The club has told the 24 year old he needs to leave by the end of the month after down below did not agree to a new contract to stay at the club past June Then he was also drawn from today's Copa del Rey match against Athletic Bilbao Liverpool advances to the final of the carabao cup with a two millisecond leg win over arsenal at Emirates as Diogo Jota scores a race to win two nil agad The reds will next face Chelsea in the final on February 27th at Wembley Meanwhile Real Madrid comes back from a gold deficit extra time to be an LG two to one to move on to the court of finals of the Copa del Rey while Barcelona is knocked out of the tournament three to two extra time as the political vow advances to the quarters In Italy Rome advancing to the quarterfinals that Copa battalion with a three to one win over leche I'm Dan Schwartzman that your Bloomberg world sports update Markets headlines and breaking news 24 hours a day At Bloomberg dot com the Bloomberg business app and at Bloomberg quick take this is a Bloomberg business flash Hi everybody 13 minutes before the top of the hour We update markets every 15 minutes on Bloomberg radio I'm Brian Curtis in the Bloomberg interactive brokers studio in Los Angeles U.S. equity futures are now down about 8 tenths of a percent so it looks like the sell off may continue All the markets in the Asia Pacific are trading lower at the moment led by pretty steep losses in Sydney now the SX 200 down 1.9% in EK off 1.4% We've seen an aggressive sell off in tech shares particularly on Wall Street the NASDAQ tumbled another 1.3% the NASDAQ now in correction mode We also have the topics which has corrected 10% or so Some of the other markets that are trading lower the tax index in Taiwan is off 1.4% the cost of trading down 1.1% We did have some positive economic news trading news out of South Korea this morning The first 20 days exports of the month up 22% first 20 days of imports rising 38.4% mixed economic data in Japan consumer prices failing to accelerate toward the bank of Japan's target in December consumer prices excluding fresh food rose at 0.5% in December from a year earlier analysts were looking for a gain of 0.6% On the earnings side Netflix disappointed losing 20% in after hours the company had its forecast for new subscribers surprisingly low at 2.5 million subs for this first quarter of the year it actually added 8.28 million subscribers in the fourth quarter of last year so that was indeed a disappointment You'll own the ten year treasury 1.76% Bonds up yields down today and that is a Bloomberg business flash It's 12 minutes before the top of the list get a news update with Ed Baxter Ed All right thank you Brian the South Korea president Moon Jae-in's approval rating has fallen one percentage point to 41% This is Gallup polling Biden administration says it is monitoring real-time.
Bloomberg Radio New York
"danka covid" Discussed on Bloomberg Radio New York
"The hour now time for a check of sport from around the world Here's Dan Schwartzman Thanks Brian Liverpool advances to the final of the carabao cup with a two nil second leg win over arsenal of Emirates as Diogo Jota scores a brace to win two Niagara The reds will face Chelsea in the final on February 27th at Wembley Meanwhile Real Madrid comes back from a gold deficit extra time to beat LJ two to one as Los Blancos gets goals from his school in the 108th minute and need in his art in the 115th minute to move on to the quarterfinals of the Copa del Rey Also advancing to the quarters is Athletic Bilbao after knocking off Barcelona three to two In Italy Rome advances to the quarterfinals of the Copa Italia with a three to one win over leche At the Australian open two seat Daniel Medvedev needs four sets of hands to the third round over Nick Kyrgyz while 11 seeded Yannick sinner moves on in straight sets coming up later 7 seed Matteo bear tini isn't actually against 31st east Carlos alcaraz Looking at the women's draw 17 seat Emma radou is beaten in three sets by danka COVID niche while 14 seats Simona Halep advances in trade sets Tonight fourth seat Barbara Cred jacoba 5th see Maria sakari and AC depaul badosa play third round matches Lonzo balled the Chicago Bulls has decided to have arthroscopic surgery to repair a meniscus tear in his knee which will sideline the guard for 6 to 8 weeks Ball will travel to California in the next few days to have the procedure done On the season ball's averaging 13 points 5 and a half rebounds and 5 assists per game I'm Dan Schwartzman that your Bloomberg world sports update Markets headlines and breaking news 24 hours a day at Bloomberg dot com The Bloomberg business app and at Bloomberg quick take This is a Bloomberg business flash Chris cassettes are selling off let's begin with crude oil WTI down more than 3% right now We're trading 82 20 check that 95 and if you look at what's happening in the equity space in Tokyo for example the nikkei is being led lower by the energy group which is down nearly 4% right now for its part the nikkei is down about 1.9% Similar story in Hong Kong not in terms of magnitude but the fact that you have energy leading the way lower in Hong Kong the energy group is down about 1.3% and that is helping to lead the hang seng lower by about four tenths of 1% Now bear in mind we did have that enormous rally in Hong Kong yesterday again in the hang sing of about 3.4% A lot of support for property developers local media reporting that China is drafting rules to make it easier for property developers to access proceeds from pre sales of homes but we're still living under this cloud of uncertainty where high technology is concerned China's Communist Party said to be renewing its pledge to crack down on corruption state media saying the government is now targeting is already embattled tech sector On the Chinese mainland Shanghai composite off about a half of 1% He sold a Cosby down and now about 1.2% right now and in Sydney the ASX 200 is lower by about 1.7% We've got a stronger yen here one 13 80 against the greenback so the gain there is about three tenths of 1% a little bit of dollar weakness that seems to correlate with a move lower in U.S. interest rates a ten year treasury in yield terms now at one 76 in the Tokyo session so we're down nearly 4% after dropping more than 500 I'm sorry four basis points after dropping more than 5 basis points in the New York session We'll talk more about markets on the other side of the top of the hour Ed Baxter is next with a look at global news He's in the Bloomberg 9 60 newsroom in San Francisco Eddie All right thank you very much Douglas just reading a story up on the Bloomberg terminal China.