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Fresh update on "dave wilson" discussed on Bloomberg Markets
"Tucker just to reiterate the headlines coming out. The CDC is loosening up recommendations for people who have been vaccinated. Basically, you can go meet your friends inside without masks on. This is the key moment that a lot of people are waiting for. We're gonna be getting more from that in just a few moments will be bring that to you live. The CDC had will be speaking or shell Wolinsky and we will be taking those comments right now. Let's get a sense on the small cap world. Dave Wilson joining us right now, of course, outperforming as has been there want So far. You're the date outperforming up about one and three quarters of a percent. What's the story here? Yeah. I mean, you're talking about a full percentage point more gain for the Russell 2000 and the s and P 500 at the moment. And yes, that has been typical of this year. The rustle of 13% so far, while the S and P. 500 only hired by 3.1%. The smaller companies, bigger gays and how how is Dad adds up Russell's biggest advanced balls to MBA who's ticker is M B I. The municipal bond insurer has climbed 29% after investors recommended this stock on Twitter and on the website seeking Alfa. I terrorist. Take her I T eyes up. 15%, the maker of roadway systems, began a review strategic adoptions after rejecting a takeover offer last week. An Indian event. Take her. I am VT. Is also up. 15%, the drug developers majority owner, Rob Roy, even systems right with science is my mistake disclosed plans to make an offer to buy out other shareholders. Now, The Russell steepest drop belongs to Selina Therapeutics. Ticker s L and O. That drug developer has tumbled 43 a half percent, U. S. Regulators told Selene. Oh, it has to do another study ever proposed treatment for a genetic disorder and an APP to spy. Oh, ticker. A N A. B has fallen 34 a half percent. The drug developers proposed treatment for a rare skin disorder. Failed in the mid stage study. Mark Stocks editor Dave Wilson, Thank you so much. We appreciate that look at small cap stocks again. Green on the screen, led by those small captors is JJ just reported. Right now, let's bring it Gina Martin Adams, chief equity strategist for Bloomberg Intelligence, joining us on the phone. Gina again another good day in the market here, although as rates rise, you know, summer getting concerned that that might be a challenge for the equity markets. How are you kind of putting that argument together? Which way? Yeah, I think that there is a contingent of folks that are a little bit concerned about rates rising. I'm not as concerned because I think that the offset to rates rising is much faster than expected. Growth into 2021, u know analysts are rapidly adjusting forward. And upward their revenue growth estimates. We're now looking at close to 10% revenue growth for the index after above average. Already, revenue growth was recorded in the fourth quarter. Think the fiscal spending package on Lee amplifies the likelihood for us to see a much faster than expected recovery and that and combined with the tremendous amount of cash that's just Sitting on household balance sheets after they got paid out by the federal government twice over the course of the last year would suggest to me that there's ample room for for upside. Should we continue to see gross out, perform? Gina, You've now this so kudos to you for getting it right again and again with respect to your optimism about us equities at a time when they have outperformed, and they've continued to go gangbusters. There is a question, though. Equities air, not a monolith. And you have, of course. Small caps, which continue to outperform is Dave was just outlining, and then you have large caps. Oh, I'm sorry. That's watching quick. We're gonna come right back to you wrote real quickly. But first right now, let's go down. And to the CDC Director Rochelle Walensky speaking right now to the press. You can see that. There is a leveling off of the decline and the most recent seven day average of deaths is slightly lower than 2000 deaths per day. These numbers show us that the pandemic still remains a very serious situation, with the most communities continuing to have high levels of covert 19 transmission. You're watching these data closely to see where the pandemic will had in the coming days. But I'm also hopeful. As of today, 59 million people in the United States have received at least one dose of covert 19 vaccine and approximately 31 million, or 9.2% of the U. S population is fully vaccinated. Putting us on a strong path to eventually and this pandemic. And as you just heard, we're now vaccinating more than two million people her day. We've been through a lot this past year, and with more and more people getting vaccinated each day, we are starting to turn a corner. And it's more Americans are vaccinated. A growing body of evidence now tells us that there are some activities that fully vaccinated people can resume at low risk to themselves. This is why today, CBC is releasing its initial guidance for the public that for the first time lays out some of the activities considered safe for those who are fully vaccinated. When I say fully vaccinated, I mean people who are two weeks after their second dose of either the visor Madonna vaccines. Or two weeks after a single dose of the Johnson and Johnson vaccine. Before I talk about the specific recommendations. I want to underscore a few important points. First robots. Clinical trial data demonstrate the current cove in 19 vaccines are highly effective at protecting vaccinated people. Against severe illness, hospitalization or death from covert 19. However, there is still a small risk that vaccinated people could become infected with milder or asymptomatic disease and potentially even transmit the virus to others who are not vaccinated. Understanding the size of this risk and vaccinated people and to the risk of transmitting the virus to others, who are not vaccinated is an ongoing area of research. Second. It's important to note that this is initial guidance. The science of covert 19 is complex and our understanding of the virus continues to rapidly evolve. Recommendations issued today are just a first step as more people get vaccinated and the science and evidence expands. And as the disease dynamics of this country changed, we will continue to update this guidance. Importantly, our guns must be must balance the risk to people who have been fully vaccinated the risks to those who have not yet received a vaccine and the impact on the larger community transmission of covert 19 with when we thought what we all recognize to be the overall benefits of resuming everyday activities and getting back to something. To some of the things we love in life. It's against this backdrop and the current state of the pandemic that we have developed these new recommendations with today's initial guidance, it's important to note that we're focusing on activities. Fully vaccinated people can resume in private settings such as their homes under two scenarios. The first scenario is fully vaccinated people visiting with other fully vaccinated people in this slide, these individuals are represented by solid green circles. In this scenario. CDC recommends that's fully vaccinated. People can visit with other fully vaccinated people in small gatherings indoors without wearing masks or physical distancing. Remember here? We're talking about private settings where everyone is vaccinated. So what does this mean? If you and a friend or you and a family member are both vaccinated, you can have dinner together wearing masks without distancing..
"dave wilson" Discussed on Bloomberg Radio New York
"Well, it is bringing Dave Wilson sometimes he gets a little music introduction. Sometimes we just delay it for effect. Dave, How are you? I'm good. Thanks. Here in New Jersey. The snow seems to have stopped for the moment. Definitely quite noticeable, though. Around mid day, right? Yeah, absolutely. You know, it's also noticeable. Tech stocks selling off a little bit more than the broader market. Yeah, I mean, Tesla's certainly jumps out. It's down more than 5% of the moment you talk about, you know, A volatile company, though, was certainly Teslik qualifies on and you look across the group. I mean, really big tech in general, mostly lower Facebook. The exception. It's up 2/10 of a percent the moment Hi, Charlie. Pellet mentioned the travel stocks doing especially well. I mean, you've got some deal making based gain in the S and P 500 blowing two peoples united Financial or based up in Connecticut on anti banks, buying them for $7.6 billion in stock. So you know you're gonna understand that gain. Uh, Yeah, Discovery, which has two classes of shares in the S and P. 500, both of them among the 10 best performers in the index on the day, thanks to Ernie's that went over well. And you know that they're following the example of a lot of other media companies and moving into streaming. They started service called Discovery Plus last month, and you know they're talking about how it Z. Increase the number of what they call directed Consumer subscribers. So you know you're talking cable and streaming. They had about five million Daniel last year. By the end of this month. They're looking at 12 Million, so that just how streaming is affecting the equation for them and the bed performer among discoveries to questions up 9.7% the moment so Those numbers really going over? Well, hey, Dave, but start a little more into what's moving energy. Woz energy is leading the pack up more than 4% Take us into the trade that's happening there. Well, e mean, we've seen energy stocks be relatively volatile Overtime to especially over the last week, right? Yeah. I mean, there's been so much back and forth. You know, it's been mostly down if you look back over the past several years. You know, a bit of a recovery more recently, and yeah, every energy stock in the S and P 500 has gained of more than 1% of the moment. Best performer. I'm literally just picking out here. Marathon oil up about 11% that that's certainly get your attention. Not that I could really find much in the way specific news. But you know, you think about what's going on the oil markets. You do have that connection and, you know, crude up about 3% in New York trading. So, you know, certainly providing some lift to the energy shares here. I do wonder, though, how much of the energy trade will ultimately be transitory and transitory could be a few weeks a month. It could be a few months or less. I just wonder because of what's happening. Certainly with the weather and what we've seen in Texas and so on. I just wonder Dave, What are you hearing? Well, you know, you have that going on. It's one piece of the puzzle, but another pieces. You know, you're you gotta figure in the effect of the pandemic. I mean, people aren't necessarily traveling even in their cars or their planes or whatever the way they had been. You've got a certain amount of optimism. At this point, Charlie Pope mentioned what's going on with the travel stocks so Some anticipation of recovery. And if that happens, we're broadly in the economy. I mean, that certainly means more demand for energy. So you know, I mean, you wonder how much that is already in the price of crude and therefore in energy stocks, But at least that's something going forward that may influence the equation in terms of this group. Well, but, you know, I guess I get to there was I felt like we had kind of oversupply for such a long time. And is it just a case of people are off line. There's not so much production happening because of weather because of the shutdown because of Cove it and then what's that gets online? Does the energy market kind of does equilibrium? Kind of comeback? Well, you've always got that sort of back and forth between supply and demand. Of course. You know you could go back to last April when we were talking about crude being below zero, and you know it's been, you know, sort of slow and steady over time, But you've seen the price pick up in the last four months or so s it's not like you know everything be shut down last week or whatever. It is really kind of the whole story here by any means. And it really is a matter of, you know, or are people kind of looking too far ahead in terms of recovery and demand along with the economy? Me? That's certainly something you have to look at. There is part of me that thinks that once things come back at it just gonna come roaring back because I just think people they're so fed up. You're speaking for me. Right now, you know where it's like. I was telling a friend. It's like ground Hog day every day for me, really is that over the weekend Like we really have nothing to look forward to everything we had a week. It's kind of the same choices like Got that Got that Got that and it's not having that aspect of your life. It's It's really kind of rough. Yeah, it is. And look, you know, I'm grateful for what I've got. Exactly. I was just going to say, you know, we have a lot to be grateful for us as a zoo. This has been such a challenging time for so many in ourselves included, but but at the same time, I think there is this feeling right now. Here we are, in the middle of February hold outside, and a lot of people are thinking. Wow, It's been almost a year that we've been Attempting to live this new kind of new normal day will send. You'll be back a little later on with your stock and chart of the day, you know, Having said that, Tim you brought up was in the Wall Street Journal. There was an op ed about you know things going back to normal. Maybe by April. Yeah, that was look. We asked our doctor from Johns Hopkins University. Early trade gave Kallen ah, colleague of the doctor who wrote this op Ed. I got a lot of lot of attention over the weekend because it said April was when we will reach herd immunity. And Dr Collins saying on quick take earlier today hate that is not a timeline I agree with. I don't agree with the data that he used, but it's interesting to he talks a lot about natural immunity like there's things. This is why, when we get these stories, these headlines, whether it's about the vaccine or about what's happening in terms of immunity that we really understand what's going on because there's lots of data points. In fact, we're going to get into a business week story. That is just about that. And one person while working at home in his parents, maybe basement maybe not figured out stuff. Yeah, I love it. Actually, Vance is joining us in the twenties. Seven year old who became a covert 19 data superstar and listen, We're gonna do a lot on technology. We've got the CFO of Twilio. We've got James Check Mark, who knows so much about the technology world, So we've got a lot, including China. Moving to cash. This society. I love this column By Andy Brown. In the meantime, let's do the Blue Bar Business Week by the day. What number Tim that tells us a lot 210 million. Not everyone is complaining about the power outages in Texas. The energy crisis delivered a $210 million windfall from Macquarie. Thanks the gyrations in power and gas. Prices that fetched it higher prices for immediate delivery more of the bank's customers ship to gas chip to gas to the state from other parts of the country. That's according to a person familiar any crisis. Anything that ever happens in the world? There's winners and losers always aren't lots. Tolo. Come on this Monday. First of the Let's get a check on world the national news over to Nancy Lions in DC in Venice. Carol President Joe Biden says his administration is seeking to help small businesses by giving them exclusive access to the paycheck protection program for two weeks. The director of his National Economic.
Amazon stock rose 2% in Wednesday's premarket
"Stepping down as CEO of Amazon, ushering in a new New time for the e commerce and tech giant equity futures. They point to a mixed opening. With the tech heavy NASDAQ leading the way in positive territory. Volatility pulls back the vics is just above. 24 right here. Treasury yields they push higher with a 10 year at 1.12% on the commodities front. Deputy I inches higher north of $55 a barrel Bitcoin. Higher once again now $36,600 per coin. Let's call it. Let's get some more color on the premarket equity trading with Bloomberg stocks editor Dave Wilson David he looking at well, since you mentioned Amazon, Paul, we must will start their shares her up 2% Aziz. The management transition begins at the online retailer basis is going to be succeeded by Andy Jassy, who runs the Cloud computer unit. Amazon Web services. Bezos will be executive chairman should point out to Amazon's fourth quarter results, beat analyst average estimates and Bloomberg survey.
Fed Holds Policy Steady as Economy Stumbles
"Learn a bit more about what we got from the Fed, joining us. Kathleen Hays, Global economics and policy editor at Bloomberg News. She's here in our New York City bureau, along with Dave Wilson, stock cetera Bloomberg News on the remote access from New Jersey. So Kathleen, I feel like steady, she goes, We know pretty much what we expected from the Fed what we expected, and that's going to be very reassuring to the markets. Because there has been there been comments made in the last say two or three months by a handful of Fed officials that depending on the economy, they could see that that's starting to taper its bond purchases in the second half of this year. So what they said today I think, Let me grab another headline here. That is very important. The Fed repeats. His policy statement that it's buys its its bond buys will continue until quote substantial further progress and I'll add to that headline has been made because this is language. They've added recently to underscore that they want to see not just the moderating economy and job market they mentioned which were what you were just reading from the headlines. They want to see not just inflation, starting to move higher. They want to see inflation at 2% and above. They want to see Ah lot better job growth. They want to see claims coming down and Kathleen. They're willing to let it run a little bit of hot. We've heard this a lot from Jay Powell and company that because because they want to see and make sure that the economy gets back on a firm, two things here number one you got left around. Hot, I think is the idea to ever even have a chance in wrecked and you know where. To get inflation above 2% H e double toothpicks is there you go, baby. And then the second thing is, you know something they even added. It's a small thing, but it means a lot. I think when they said that the economy's path will depend significantly, they said, not just on the crown of fire itself, but also on progress with inoculations. That's another word for vaccinations, right? So they're very hopeful as many people are that the vaccine rollout will go quickly. When I spoke to Lord investors, President Clinton Kansas City Fed A couple Excuse me. Cleveland Fed Sorry, Loretta story yesterday on straight there you go on now two powerful women there don't want that. They're fed banks mixed up. But she said she thinks by the third quarter will have not full vaccination, but so much of the population will have it that that's why we're going to start seeing a really strong rebound. To the economy at the press conference, J pal, That's where two be listening for I think one more interesting thing I've been thinking about the last couple of days. If we start seeing that strong rebound, and there's all this like another, maybe $2 trillion of stimulus being debated, you know, one of you will have in the middle here is Janet Yellen and she has said Right now, you gotta act big. You gotta act now. But I think this is a very interesting question that Republicans will probably raise. Look over getting ready for a big rebound. Do we really need to spend that much now? I hope that's another question. A J. Pollock. It's asked today
Springtails: Nothing to be afraid of
"The first thing to say about spring tells is that probably not something. The yoga sports on the lease of your plants. They like moist places. And that means you most want you to see them on the surface of your soil particularly if you've just watered or perhaps if you lift up apart and look underneath inside a cashpoint possibly you will see lots of little creatures roaming about. They're about the size of a full stop and there are hundreds if not thousands of species. I think there's about two hundred and fifty different species of spring tail here in the uk so as well as into the in your house plant pots. You might also find them outside. You'll compost heap or in part of dump leaves on the characteristic that gives them their name is their ability to spring. But don't get them confused with fleas. They are different creatures. And do not have the capacity to blunt. You or your pets or indeed. You'll houseplants these are really agent creatures. Apparently there are fossil's of spring tales. Going back to four hundred million years ago the know insects they are heck supports which means they've got six legs. I've said that detroit officials while that means they feed on any kind of decaying matter in the soil. They also feed on fungi and algae and that sort of thing so they serve a wonderful purpose in breaking down organic matter. The thing that makes the spring tale jump is called for keeler earned it is of wishbone shaped appendage kind of detail that sits underneath the spring tales belly and when it's surprised for example by you lifting up the port where. It's been hiding this little spring flicks up and propels the spring tail into the air. And apparently this leap is the equivalent of me jumping over. The eiffel tower says pretty impressive. I'll link in the show notes to a wonderful video. Featuring sir david at bra or should i say our lord. God david attenborough talking about spring tales. The column bola class as they unknown and showing how they actually go about springing. It's really amazing to watch. They also have an amazing cheap on the head which they use to moisture is their body basically they have to stay moist in order to survive and most patches of ground on all seven continents of the world will contain about one hundred thousand spring tales per square meter wells' so they are everywhere and there isn't really any great reason for concern if you see and the old spring tail in your soil or under your parts. Because they're gonna go somewhere moist. They are breaking down organic matter. It may be a sign that you're a little bit to dump if maybe you're seeing spring tales in the soil of say cacti and succulents but if you seeing them in the soil of the plants in you've just watered or you're lifting up a part there some there it's really not something to worry yourself about. Just take a look at those tells on wonder at how amazing they are. The other thing to note is that they do mainly wonder about that. Jump everywhere so if you see some small creatures about the size of a full stopped moving around not necessarily jumping the could very well still be spring tails but if you disturb them you may find that one or two will jump and the color very say anything from very dark gray to white to brown. But as i say. The main indication is their location if they are in that soil and they're not doing anything with these. If your plot unusually the location of the creature gives you a really good indication of what it is if it's white and fluffy and in the crevices of your succulent than it's probably a mealy bug if it's a white and fluffy and it's in the roots of your plant while check it carefully. Because it could be micro rizal. Fungi strands but it could also be mealy bugs again. Your hand lenses really useful here. If it's something on the back of your leaves are white grainy stuff. That's probably the shed skins of your spider mites. If you've got really good vision or use a hand lens you should be able to see the brown crab like spider mites wandering around aphids. Well they usually tackle the new soft growth on plants often find them on. Flower stems or on new growth of leaves and thrifts well. They don't look that much different than spring tails but they are bigger and generally you'll find them wondering about your plant leaves as opposed to on the soil and if he wants to get a closer look at the spring tales in your life. Then dave wilson has written an excellent book called the garden jungle or gardening to save the planet which i highly recommend has a good technique to suggest for gathering some up. Dave suggests that you get some compost or leaf mold or indeed the material that's in your plant pots and put it into a funnel under warm lamp sick that funnel on top of some kind of container and the spring tails will head away from the heat and into the container and then you can take a closer look at them a fun activity if you have kids or grandkids to entertain this festive season
"dave wilson" Discussed on The Q&A with Jeff Goldsmith
"You were going to have a revenge machine. Like why don't we LEAN INVITE? They would look at what's successful films in the eighties nineties of land into it's just put down his head that seemed to work so it was. Mansa sort of invoke a lot of that same cinematic language in the beginning of the far also. What were some of the challenges and difficulties it so much as a filmmaker that you that gets left behind. I feel like when you just have to get what you need to get on day and like like you know. It's it's I don't WanNa say I'm unhappy about it. I'm not I'm very proud of very happy. However like there was all sorts of things that I I I would have preferred to have like a big disparity between those two cinematic so that you literally felt like wait. What the fuck just happened to the movie? I was watching fifteen fifteen fifteen minutes right Because they would have been wildly different one would have been filmed in a virtual environment brandon. The other would have been completely You know Is the real story telling so there was a lot like that? Unfortunately didn't get to do. They met there was. How do we gauge? How long we want that to be I we just for what felt right and want kidding. Any walk to the test screening. So that makes sense you. It's what's an early idea that you had to discard something that you really wanted to do. But you couldn't afford or you didn't have the time to shoot but maybe for a couple of weeks in your process you're like Oh yeah. This is going to be a great sequence. Something that was there were a couple of things. One is like forever like sort of created the fact that we had like more repetition Mobile Groundhog Day. More behind the curtain. More seeing why some of the characters were frustrated with repetition in the process. If you look at sort of tomorrow like win cruises go like it's just such a fun autumn film but it's also informative and and we basically just didn't have the days to get that to get that done because I felt like when you get to see when you when you realize manipulative and u any sort of get to flip the point of view and see what they see to me is the the best time to understand all the other characters unfortunately was just not something we could make would in the days we have and then I would say on the other side of it. There was some fun. Great little moments with like attack Eric and some of the other tax where they would comment on the dial in the first fifteen minutes. There was this whole scene between the where one of the female technicians is changing the dialogue. And and and he's like what the hell she's like. It's it's twenty man like he needs to sort of empathize with her invalidate her emotions. And like what the hell are you talking about but I just put it back away was like so because I you know there was always this fear that like people wouldn't understand like Nah I get that that's you know it's cheesy. It's meant to be and it was a way to understand the bills Fun I would say by far the biggest thing regret I have is that we weren't able to get a peek more behind the curtain. Understand the other characters more. I thought raise a character you know showed a lot of vulnerability so I could see in diesel really being attracted to it. Wou- we're some of your more interesting discussions about kind of exploring the character with them. Because I know it's really important before you shoot of course while you're shooting to do that but it was. It was good to see him. Stretch in some some kind of different territory here. In which for as much as there is in the beginning of the movie you see how damaged his as he actually unravels throughout the rest of the movie and kind of gives up his fears by the end when he just goes into a full attack on the people. That did this to write. It was definitely the very first conversation we like I had been was Adler and It was all about that Mike. How so Zander and COM. These are sort of ready off strong alphabet characters but I think the common trait that they all have. Is there always one step ahead of everybody else? I just when you think it's all gone to shit but they have a plan that is ahead of everyone else's and you'll characters the complete opposite in this felt like in the beginning and little in the. Us are trying to catch up with being manipulated and figure everything out. And I think that was appealing to him. and I will say this If we talked about this before but he's eight year old son was with him on the day. It was the LA fires. And I think part of the allure was his. His twin twin brother who sees eight eight year old son will both fans of the comic like so there was this. I think that was very appealing to him. Too hot sort of spanned the generations but as a cat. Yes I think I think there was definitely an appeal to to explore something that he doesn't use be sort of get to do with those other films. Hello I'm jumping in really quick to remind you to check out back story magazine. It's my passion project. You could find it at backstory dot net and. It'll be really short about it if you've ever been on the fence about supporting this magazine like that dog barking in the background while. I hope you choose. That now is the time because I want to keep supporting our excellent entertainment. Writers Are Amazing Art Director. And of course our editors as well so your support is crucial now more than ever. We've been updating our Oscar issue issue forty one we put TV shows in. They're like better. Call Saul Upload Tales from the loop. We have an even devs.
Carnival shares rise even as cruise company warns of ‘material’ COVID-19 impact
"Reporting cannot keep a good market down at the nasdaq up a half a percentage point to doubt nine tenths of one percent and nasdaq up a half a percent to see where the action is underneath the hood return to bluemix accented or Dave Wilson they will look at this morning well what's interesting about today is you you get companies talking about the effect of the corona virus on their business and their shares go walk and he'll look at carnival look at the cruise lines more generally carnival saying that canceled voyages in Los bookings because the corona virus will have a material impact on results no material that sort of standard accounting terms when you got to talk about what's going on and yet the shares are higher by close to three percent wrote Caribbeans up Norwegian cruise line is up another one is PVH I mean that's Calvin Klein Tommy Hilfiger or and you know they had to close some stores in China no surprise a lot of companies have they also get some of their apparel from China so you know when you put it all together they're real farming their earnings forecasts for one's really now it's an estimate for their latest fiscal year and you know they haven't really kind of express a lot of concern about what's ahead so you see PVH shares among the top performers the S. and P. five hundred or a five point seven percent so really looks like one of those days where corona virus at the very least we seize into the background as an issue for companies when it comes to work doing business or perhaps people are just getting a firmer sense of just how vast the liability will be I mean perhaps this is just an issue of perhaps stocks would be even higher and much higher at that if it weren't for the corona virus worry are we getting any sense of of how much of a dampening effect it's had even as we reach new highs well at this point it's kind of hard to see how much of an affect there might even be in the he'll look at how we're doing this year you know you see the S. and P. five hundred up close to four and a half percent the nasdaq higher by almost eight percent today I'd say I just you you can set price alerts on your Bloomberg terminal is set up to with them that are going to be Sir interesting milestones thirty thousand for the Dow industrials it's a twenty nine five hundred almost at this point and ten thousand for the nasdaq composite which it is just below ninety seven hundred right now it just goes to show you you know as this advance keeps calling it almost eleven years into a ball market and me here you're definitely up against some
"dave wilson" Discussed on Bloomberg Radio New York
"In here is Dave Wilson thanks Charlie eighty yards are falling more than U. S. shares the S. and P. ADR index is down one point seven percent in the S. and P. five hundred floor by one point four percent China's looking coffee has fallen fourteen and a half percent in US trading short selling research firm Muddy Waters said it's betting against the coffee shop chain the firm cited a report from an unnamed source that describe what can as a fundamentally broken business Japan's coast sales lost eight point four percent the cosmetics maker cut its fiscal year earnings and sales estimates because of a slump tied to the corona virus among other concerns in south Africa's sass all drop nine point one percent the oil and chemicals producer lowered the projected fiscal year earnings from a chemical plant in Lake Charles Louisiana the reduction stemmed from an ex lotion and fire at the facility a week ago the UK's Aston Martin is risen eight and a half percent the luxury carmaker agreed to sell a minority stake for six hundred and fifty six million dollars to the billionaire Lawrence stroll who will become chairman Aston Martin needs the money to ease that burden and to start building its first sport utility vehicle Charlie family thank you very much Dave Wilson following those American depositary receipts recapping stocks Laura some Pete on forty seven down one point three percent I'm Charlie palette and that is a Bloomberg business slash we have by far the world's record trade relationship the world of politics the money they need to run for a few days for breaks the markets we want inspiration is five Allen's of western Bloomberg radio today may be the day the Senate decides on impeachment today was the day for secretary of state.
"dave wilson" Discussed on KNSS
"KM SS I Dave Wilson on Facebook and Twitter continue to yank fake accounts and recently pulled down dozens of accounts that were part of a global networking of fakes that used artificial intelligence to push a pro trump political message the Wall Street journal saying that the company involved in the fake accounts operates out of Vietnam called the B. L. and the site reportedly is using artificial intelligence to generate photos to pass off the account is legit Facebook says the B. L. ran six hundred ten accounts eighty nine pages and a hundred fifty six groups as well as seventy two accounts on Instagram all in the accounts had more than fifty five million followers the B. L. was able to even further amplify their messages by spending more than nine million dollars on advertising on the platform this story is just another example in the ongoing cat and mouse game being played by online companies and bad actors trying to use the sites to spread misinformation expect these stories to become even more common as we enter twenty twenty and get closer to the presidential election in November with fox on tech Brett Larson fox news some twenty twenty Democrats running for president have trash talk to big tech but that is not costing them campaign cash because workers at some of the largest tech firms in Silicon Valley are donating millions to candidates like senator Bernie Sanders and senator Elizabeth Warren that are calling out their own tech bosses on the campaign trail for work gets to have a private dinner with the president small business owners don't get that kind of access dot company Amazon did not pay one nickel in federal income tax that is called a corrupt political system employees impacts associated with Facebook Google Amazon and apple have given over five point three million dollars to candidates this campaign season but that money overwhelmingly went to Democrats apple getting two point six million in campaign cash eighty three percent went to democratic candidates Facebook shelled out sixty nine percent of their donations to Democrats in Washington Hillary bond fox news this is Wichita's number one talk ninety seven and thirteen thirty AM as an right as we continue with Donald Trump junior number one New York times bestselling author is a brand new book out triggered I'll say this for all the time his forty nine year old son and I I love the I haven't taken a penny from China yeah even his own lawyer said well no he hasn't character and his equity sure yet which will be according to Peter Sweitzer you estimates over twenty million dollars so he's lying again I don't think there's been a dumber interview then the interview with hunter on GMA yeah hi do you have any experience in your brain no energy no oil no gas no why do you think they paid you millions of dollars I don't know you think maybe it's because her father is is in charge you a great policy yeah you know what probably yeah that's probably okay interview so they're on their team exactly to prep for this because he's been hiding for you know for the entire time of this whole thing began hiding what from the the person he knocked up did you discuss that in a hyper alimony or whatever it is but imagine he's but he had a week to prep for this interview to a home team source and that still be interview he get that still the answer that on that to me just told me that the entire thing is so much worse than anything because if that's the best they got that's the best answer they can come up with it means the all new it's just a big joke in because the media will never cover them because the media has decided to be the marketing wing of the Democratic Party because of all of those things they're just gonna say no worries Russian over the table you can do it again just lay low for a few weeks that's all that's going on in here it's it's truly disgrace in again I see I see from the American people as yet through the stuff that just people to come up the streets wherever I am in the country but honestly these days even in New York I I never had it like this in New York I've been in New York as well almost as long as you as long as he was born here I thank god I got out for a lot of years but honestly it knew you in the streets of New York every day if you get it I mean it is if I didn't know better and I know it's impossible mathematically although Rudy in a city of what nine million registered Democrats with very outnumber Republicans nine a one is the one but I will tell you I've never seen anything like it the people the disconnect between those at those people that are supposed to be the servants those that have done nothing those that are filled with psychotic rage the disconnect between them and their constituents it's never been like this you talk about trigger your best number one best seller New York times book they are triggered at the very name Donald J. trump well it was funny when we were out on you know even on the view of promoting triggered right you know that's an audience of a hundred and fifty not exactly a hometown crowd if they're going to give you a seat mate right so we even turn them when we started talking about some of the basics thank some of the basic things that does some of these left this the the the stances that they take that they can get away with whether it was you know we'll be with that nonsense defending child rapist Roman Polanski what it was that you even their own owning it sort of lost and I think that's what you're seeing on a large scale like even the people who are pretty liberal even the people who are and I don't want to sit Democrat because there's plenty of good Democrats they're hard working Americans they've been that way mostly frankly because their grandparents were Democrats their parents were Democrats those are the ones coming up to be like man this is the Democrat party has left me in there can be no more evidence than by the policies that you see the mainstream leading candidates culture and they don't want to risk I don't see any American walking into the voting booth on November third next year and saying you know what I'm gonna risk half million that were under risk my paycheck I'm gonna risk my job to give one of these lunatics a chance I just don't see it Sean they may tell you that in poll ling because they're so afraid to say what they actually think because of the media okay as that whisper vote but man you really gonna do it you can arrest your job you can arrest your four oh one K. get a just like I got a let's go but I will tell you who's actually delivering I don't see it the people get the last word don not a three hundred twenty six days people get to shock the world and I am counting down the days and I think it's going to happen but I take nothing for granted it's always the two minute drill you have no time out you down by six you get the hundred down to hit the field goal you win the game that's what I want to have happen and I pray does thank you Sir number one New York times bestselling author now Donald Trump junior eight hundred nine four one Shawn you wanna be a part of the program.
"dave wilson" Discussed on Bloomberg Radio New York
"Wilson Dave Wilson at back in our Bloomberg interactive brokers studio with both his chart in stock at the day let's start with the chart would be like in a day looking at the yields on stocks relative to bonds and it's something we talked about in the past focusing on the US but the city group was kind of taking a global perspective Robert Buckland who's there chief global equity strategist hired a comparison between M. S. C. I.'s broadest stock index call the all current three world index tracks about an emerging markets to sort of a global government bond index data really specify but for the purposes of the chart I use the Bloomberg Barclays global government index and what you find is that in the past year or so the the yield gap has come to favor stocks more more basically it's wine by about a percentage point and yeah as of mid week this week was about one point eight points in favor of stocks over bond so you know whatever you think of the valuation of shares on its own or some people figure there over valued at least by this comparison buckling says here they still look cheap stocks do relative to bonds worldwide so if you want to know more about this one sent me an email I get to the chart yes wish because with it and everything I do going forward the email address is D. Wilson at Bloomberg dot net that's D. Wilson at Bloomberg dot net some port I thing to our trade today the relative performance between bonds and stocks let's talk about your stock of the day to Kurt Davis eighty V. T. that's right advances distributor of semiconductors and other electronic components founded back in nineteen twenty one here in New York City based in Phoenix these days admin has been publicly traded since nineteen sixty the company's shares have a sense we spent the past. six years in a trading range though they did manage to set a record in December twenty sixteen Avnet moved toward the lower end of the range today after suffering a setback the company disclosed it'll be dropped as a distributor by the chip maker Texas Instruments by the end of next year now add that generates more revenue from Texas insurance products there from anyone else's account for about ten percent of sales during the fiscal year ended in June in Senegal best amid the profit and Avnet will drop as much as fifteen percent once that distribution deal lapses now the outlook sent admit shares to their biggest loss since November two thousand eight they fell almost nine percent on the day yeah it's still only up about ten percent which when you look at how the market is performing is not terrific Dave Wilson thank you so much good we can head for you I hope we'll check in with you on Monday all right coming up we take a look at the Colorado and Denver economies very interesting in terms of what we're seeing we get to that in just a moment first up the back to school news headlines about Carol house investigators want documents from vice president Mike pence that could shed light on whether he help president trump pressure Ukraine to investigate Jill Biden trump today claimed he was motivated not by politics but his focus on corruption he spoke to reporters outside the White House I don't care about politics politics.
Markets provide an unambiguous signal that investors expect recession
"Markets from members Dodd Chris Dodd yeah trade does remain the key focal point for markets Kevin this morning the White House said there have been calls between a trade negotiators for the US and China and then earlier president from saying we're doing very well on that front the latest round of terrorists from both sides due to be staggered beginning Sunday Bloomberg economics analyzed about seven hundred thousand data points for trade and it appears as though the U. S. is going to be the big loser in that act passed then or begs the question will there be a recession here in the U. S. fed bank of New York indicating there are more than a thirty percent odds right now that happening over the next twelve months look at the yield curve seems to confirm that notion we've got a U. S. ten year treasury at one forty six a two year now at one forty nine in spite of all this the equity market is trading higher energy shares moving to the upside today they're following the price of crude to the upside given a bigger than expected drawdown in U. S. crude inventories W. T. I. in New York trading up that fifty five ninety with a gain of about one point eight percent let's take a closer look at the equity trade Dave Wilson is here Hey Dave Hey Doug and looking at the eleven main industry groups in the S. and P. five hundred nine of them are higher utilities and technology of the exceptions in terms of individual shares there are more than four up in the S. and P. five hundred for everyone that's down the index's biggest game belongs to simmer rex energy up nine point four percent the show producers rising along with the point price of oil which reached a one week high in New York trading of data compiled by Bloomberg show similar acts as the indexes third smallest company by market value movie owned Cody is up four point six percent the cosmetics seller said expects this fiscal year to bring mid single digit percentage growth in earnings per share in higher free cash flow Cody's fourth quarter results were in line with estimates yes in the five hundred steepest drop belongs to auto desk down eight point nine percent the design software makers profit sales forecast for this quarter trailed analysts average estimates and Bloomberg survey on a test also cut projections for the full fiscal year and Johnson Johnson is drop one point seven percent movies indicated that the health care company could possibly lose its top credit rating of a double way moody's revise its J. J. outlook to negative while keeping its rating unchanged for now thanks to Bloomberg stay Wilson on the equity side we have the Dow up eight tenths of one percent S. and P. five hundred higher by about five tenths of one percent and in the nasdaq market the composite index is up four tenths of one
Global stocks eke out gains on flickering trade hopes
"But first let's set the business week and gender the boys are here Joe weisenthal markets editor for blood work and the co host of what you miss that's coming up at four PM all three time NBA TV and Dave Wilson are stocks editor the author of the chart and stock of the day with us throughout the show Joe want to start with you it obviously was a busy weekend yeah headline Weiss and so you come in on a day like today today you sort of see a more positive traits certainly more positive than what we saw on Friday what do you make of the news for what people were extremely confused this morning because there was trump saying that the Chinese had called him China didn't confirm that then someone who Chinese media figures at there there were calls but they're very low level of technical trunk came back and said they were the highest level by and large I don't think people really believe trump that being said the fact that he was saying it I think people interpreted to be a little bit he wants to get something done and I think it is there is a point of market volatility that curbs him and so you even so last night I thought was interesting he tweeted sick by the way when you look at my stock market performance you just heard from the election and not inauguration day which I read is him being a little anxious about the market volatility in remember on Friday during a selloff he joked about the volatility is like this is because I said the molten is jumping on the president's right which was funny but also kind of indicated that like I laughed but it was like I don't really care but then by Sunday night he was like and check kind of care and so there is a point where the stock market does sort of seem to curb his impulses a little bit so we're now we've not pull back about five percent more than five percent of the Dow and the S. and P. from their high stable so come on in on the trade what does it tell you kind of about the health of the market and how the market is reacting tweet by tweet if you well well I mean we're see what we've seen now for a couple weeks in August in training does tend to slow down you've you've gotten past the second quarter results there isn't much left as far as that's concerned you know the dollar store chains dollar general dollar tree and a few others this week but things are pretty well set as far as that goes analysts looking for third quarter decline in S. and P. five hundred profit we won't really get much were read on that for another month and a half or so the new growth that they're expecting contraction there as well not an outbreak contraction but slower growth you know more like three four percent so that's the backdrop and really I mean you just say get bounced around from day to day with with all the back and forth on trade and interest rates and whatever else you care to name but it doesn't necessarily suggest the market has a whole lot of direction here I will they say though I mean this is something I was talking about last week then you know you look at smaller companies and in effect they want for a bear market in the second half of last year and the S. and P. five hundred barely skirted one if you look at the twenty percent decline as sorry a reference point so you know what it is really hard to say definitively that we're still in a bull market here in what was seen lately calls into question even more and Joe we're gonna get into this later on in the show I mean what do you take away from the G. seven especially easy trying to assimilate everything that's coming into the news desk both from France from our colleagues and Washington and even from our colleagues around the world what what's been the sort of the big take away and leave out the tweets about the lives okay that's yeah you know there's a good good I think there's a few different things but I think as we've seen with previous sort of multi lateral meetings of heads of state it's always kind of like the trunk plus six show yeah right Hey is sort of how I think about it he tends to like you know he turns on the charm a little bit it's a weird Trumpy in Sharm that's not conventional yeah we always talk about how good his relationship is with though right and Trudeau intimate Cronin then you read these stories afterwards about how horrified right one was any so obviously we're we're the interesting thing about this one is all these other countries feel like they're kind of at the whim of his moves especially on the economy because everyone's gonna get affected Germany is affected by the trade war you heard Boris Johnson saying you know we would prefer trade peace to be honest even other heather ally so I think there is this sort of five right now where his actions particularly on the economy a really leaving them all feeling kind of a helpless and vulnerable and just sort of hoping he'll change course in some way but I don't know if that system well there's one thing that you need to know today at this Monday on it's been a busy Monday already day what would it be that's a heck of a question now let's say delay fresh off about deal making is alive and well yeah I like that I mean because you got this thirteen and point four billion dollar deal on the drug industry this arises treatment taz well owned by Celgene being solved and Jan so cell gene can combine with Bristol Myers and all the stocks are up to seven inches is looking like a win win win your time at some of the biggest gains in the S. and P. five hundred Celgene Bristol Myers ends and all of more than two and a half percent they can't say that for all the deals that are out there there are a couple you know smaller companies making transactions that are going over so well but you know you still got things going on couple little low energy company shall produces out of Colorado get together and their shares pop yes how about PVC energy which is up sixty percent S. R. C. energy up more than ten and a half percent so you still got that even at the time you know when you ordinarily would be thinking about the dog days of August yeah dog days indeed Joe weisenthal anything else top of mind for you for the to get on with your day you know I just there's a headline that just moved biggest monthly drop for ten year yields in slash house in fifteen it's so I think that's pretty pretty extraordinary way to put a cap on put a cap on what we've seen just this incredible bid it feels like it's slowing down a little bit but ma'am yeah that's not even over yet it's been it's been quite a few weeks sleeping I was sick from afar newspapers going online to do stuff all right why isn't all thank you so much they will send him back
Online sales grow 25.7% at Dick's Sporting Goods in Q2
"As we end up the week on a Thursday SMP up six Dalip sixty four Bloomberg stock senator Dave Wilson joins us Brighton early day would be seen in the market pre market here well the one stock that jumps out in early trading is Nordstrom is higher by almost nine percent the department store chains earnings for the fiscal second quarter beat analysts' average estimate a Bloomberg survey the even those sales came up short Nordstrom benefited from efforts to cut costs you know another retail of the tune pretty well in early trading Dick's sporting goods up about seven and a half percent the retailer posted the fiscal second quarter profit revenue that beat as was and raised forecast for the full year and since we're talking retail retail we can throwing BJ's wholesale club up ten percent fiscal second quarter profit at the warehouse club chain top projects as though sales came up short for the first time since BJ's went public last year okay all
Verizon, Apple And Qualcomm discussed on Bloomberg Daybreak Weekend
"It's another big week for earnings as quarterly results rolling for apple Verizon and more let's turn to Bloomberg stock market columnist Dave Wilson Dave I saw a story that said apple suppliers see good things well how about that you know the possibility that the people are going to buy lots of smartphones it's certainly out there although the apple is pushing this whole transition in the services trying to go beyond the hardware business as much as they can you know because let's face it the you know a decade or more into the smartphone era it's like a harder sell especially with apple not having any new models at the moment you know maybe they'll have some in the next few months but even then you perhaps people we looking ahead toward the next generation of wireless technologies five G. service that is being developed at this point is as perhaps a a real catalyst for their sales so in the interim it is really about trying to build the business that they have at this point and and try to build up things like like a software and and and services you know and and really make money there five G. how does that affect Qualcomm well yeah it's a whole transition of course you know that company stands to benefit yeah as the systems get rolled out you need new equipment you know they're there it's certainly out there as a maker of chips for those systems one interesting point though there was a report the other day that apple was interested in Intel's smartphone modem chips business now you know it's just a few weeks ago that you know apple in qual com got over their issues related to patent licensing fees and here apple is looking at perhaps buying a company that's been a supplier like qual com so you do have to wonder how that will send him comes together in terms of where the business is headed from
"dave wilson" Discussed on Bloomberg Radio New York
"Dave Wilson is back he's got his stock of the day to each G. B. and we're talking about eagle Bangor that's right it's a holding company for eagle bank which has twenty offices in the Washington DC area company was founded in nineteen ninety seven went public in nineteen ninety eight the ticker is E. G. D. as eagle shares rose more than fourteen fall between two thousand eight twenty seventeen when they reached a record the stock to drop since then in the retreat xcelerated after second quarter results were released late yesterday eagles earnings trail analysts average estimate in a Bloomberg survey by the most in five years revenue came up short of projections in eagle disclose that it's under investigation by government agencies the probes involved the company's handling of related party transactions the retirements of officers and directors and ties with an unnamed local official no eagles founder Ron Paul not to be confused with the former congressman abruptly stepped down as CEO and chairman in March the company cited health issues this month the boards of the holding company and the bank were overhauled and for new directors were named the latest developments sent eagle shares to their biggest loss since the company went public they tumbled almost twenty seven percent it is pretty much well now the stock is down about twenty percent for the year so it was a it was not doing so great then and now it's doing even worse yeah absolutely Dave Wilson thanks so much just one when a moment to bring you because it just crossed Skechers one of the names that people watch closely in the athletic space their shares are up over eleven percent their third corps EPS view beating estimates for at the mid point so Skechers that sucks up fifty two percent on the year yes it's had quite a run he coming up we're gonna talk a bit more about those Microsoft results stock is up just about one percent here in the after hours it will break down the quarter what you need to know that's coming up next on Bloomberg radio first let's get to some world national headlines that we get about million head about Justin thank you the US navy shot an Iranian drone out of the sky today in the strait of formals president trump made the announcement at the White House saying the USS boxer an amphibious assault ship took defensive action when the drone came within a thousand yards of the American warship the United States reserves the right to defend our personnel facilities and interests and calls upon all nations to condemn Iran's attempts to disrupt freedom of navigation and global commerce president calls it the latest of many provocative and hostile actions by Iran a short time ago at the White House a short time earlier I should say the president was on the defensive falsely insisting he tried to stop his supporters at a North Carolina rally from chanting send her back after he suggested congresswoman eleven Omar should leave the country I wasn't happy with that message that they gave last night trump didn't specify how their chance differed from his own message suggesting his critics should go back to their home countries Jeffrey up steam got the judge's ruling today on his request to await his child sex trafficking trial under house arrest with electronic monitoring at his seventy seven million dollar man had mentioned the decision bail denied prosecutors argued have seen as a danger to the public attorney stand potter Jr who represents some of the alleged victims who spoke against abstains release says they're relieved we know them well their clients and we think that they did a very smart and brave thing and not easy but they did something important yes dean's been jailed since his arrest on July sixth global news twenty four hours a day on air and.
"dave wilson" Discussed on Bloomberg Radio New York
"No. This one. Dave Wilson, I knew you would okay. I'm glad you're not disappointed in me. Absolutely not. I will give you a hint. Outplay the band's namesake worked on the last two Beatles apples. The band's namesake worked. You gotta tell me it's the Allan Parsons. Oh, no kidding. There we go. That's interesting Parsons was assistant engineer on Abbey Road and let it. There you go. So what goes up must come down. This is a cautionary tale may be about the SNP exactly. You know, we've seen quite a rebound in the last three days and would have taken only one more day of declines, perhaps for the index to be off more than five percent from its peak, and so that sort of threshold got the attention of folks over at L, P L financial. And so they look back story going back to nineteen ninety using data from Ned Davis research to kind of get an idea of how common it is to see declines of five percent or more in the S and P five hundred. We haven't had one this year, and they went back to nineteen ninety and found that basically you have three a year. That's sort of have the numbers work at. Although the chart focuses in on the past decade really since the current bull market and US, stocks began, and you find that the last few years, you haven't seen a whole lot of volatility of this sort in twenty seventeen. There were no declines of five percent of more. That's how steadily stocks were moving up. You know, you go back and only twenty eight team was there a year that was above average in terms of those kinds of sways. So now the way the folks, L, P L figure it get ready for another decline that will surpass the five percent threshold, maybe more than that, but it's sort of how markets move. That's, that's the other past performances as a sign of what may lie ahead. If you want more folks them in Email gets you the chart destination that goes with it, and everything I do going forward, the Email addresses dwilson at Bloomberg dot net. That's dwilson Bloomberg dot net. Love the energy day. Dave Wilson all sorts of hand signals going on here in our Bloomberg interactive brokers studio. I think it's just because we're excited to talk to Carol Massar. She's in Boston. We can actually see you on one of our screens here care. You're a little chilly, right? All right. It's.
"dave wilson" Discussed on Bloomberg Radio New York
"Report with Dave Wilson, and Dave as I look at the pie chart for the SNP embezzle appear that there is some resolve in markets to push into the green. Absolutely. I mean, if you look at the eleven main industry groups in the S and P five hundred it's kind of like the mirror image of yesterday. They're all higher except for utilities in the biggest gains belong to technology. Stocks in terms of individuals shares basically have nine up in the S and P five hundred for every one that's down. Why the index is biggest gains belongs to electric arts up. Four percent. Why will take two interactive software reported fiscal fourth quarter results late yesterday and earnings beat the average analyst estimate in a Bloomberg survey, though sales missed projections. Angie, stocks are higher. After Saudi Arabia reported drone attacks on two pumping stations owned by state oil company Saudi Aramco, you have Marathon Oil up four point three percent. Apache up free point four percent and oil services company. Halliburton is up three point eight percent. The S and P by hundred steepest drop belongs to Ralph Lauren down five point one percent Sio. Patrice Bouvet told Bloomberg news that President Trump's plan tariff increase on Chinese imports. Men. Make the company sweaters polo shirts, and some footwear, more costly, higher tariffs or also an issue for the gap. It's down nine tenths of a percent Cowan's alva- chance at the power retailer may be among the first casualties of rising import costs. Ten estimated some chains earnings per share may fall it's much as thirty percent. Great. Well, thank you. Dave Wilson with this hour's market drivers report. Now, we're onto politics policy, power and law. All right. Thank you. Greg. President Trump is in a full on trade war with China and says that the country will be quote pumping money to offset tariffs when he's talking about China there. And once the Federal Reserve to do the same tweeting that if the Federal Reserve ever did a match it would be game over we win. That's a quote, New York fed president John Williams says the effects of US Harris on Chinese goods are already showing up an economic data. He spoke exclusively to Bloomberg radio and television today, we've already seen some effects. I think a little boost to inflation some. Subtractions maybe in growth, but those are relatively small so far now as these tariffs get larger assuming that happens. I think that will be bigger both boosting inflation in the next year and probably having some negative effects on growth fed, president Williams telling us that he doesn't see any reason to raise or cut interest rates at the moment. Bloomberg news economy reporter conscien- Dimitrova joining us now with more in our Bloomberg ninety nine one studio here in Washington DC. It's always great to have you on the show because you can make this make sense for hopefully, hopefully, now, let me just start with the fed because the president has been pushing the fed to reduce interest rates for months. He's been wanting to see cuts for how is this different. Yeah. Absolutely. And we saw that again as you mentioned on his Twitter account. I think the pressure is really on right now that he's putting pressure on the fed in order to cut interest rates because the thinking is that it'll juicy Konami. No, you cut rates you spur more corporate investment us per people to go out. And purchase goods. Unfortunately, the fed doesn't really work that way they make their own decision. Obviously, he's not going to be at the table. And we've heard from Powell numerous times at numerous press conferences that they are completely a political. They don't kind of factor that into their decision. Making in fact with the are looking at right now is a bunch of cross-currents. You have a pretty strong US economy really strong Lieber market leading not. But there are some negative things happening globally. Global growth is slowing these trade tensions actually being a big part of that as well as some some potential cracks, and sort of the US consumer some of those retail spending numbers we had so they're kind of digesting that this year, and they've really pledged to continue digesting that for at least the near term that obviously has changed in the last seven days, or at least markets think that's changed in the last seven days. And so Trump really using. As an opportunity to to continue putting that pressure on them. Yeah. You know, we really did get that message from John Williams up in the New York fed president up in New York when he was talking about this and their reaction to it. Which is we're not gonna cut we're not going to raise. We're just gonna hold steady and see how this works out. But you have a story on the Bloomberg terminal that moved this morning that says that economists do expect the trade war between the US and China to get worse before it gets better and predicting perhaps a deal by the end of the year. That's not next week. That's not next month. That's a long time from now when you look at what this is doing to the markets and everything else. Yeah. And we've still got a ways to go until that. Right. So we had about two thirds of communists who see the trade agreement between the US and China this year, but on the way to that a lot of them also expect majority also expect that there will be an additional twenty five percent tariff on on the remaining goods from China. Because remember we have the tariffs that were raised from ten to twenty five. Percents last week. But we also have this other threat kind of looming and Trump has a few days to decide on this until eighteen th but essentially, we might see an increase or addition, I should save tariffs on the rest of the basket of goods. And so we are really seeing that playing out, but they're also seeing both of these countries needing to find a solution to this and not just for fun. But because they need to get their Connie's going to avoid recession with which by the way that our word economists do expect this increased tension to raise the risk of a recession in the US. So that's another another thing. That's hanging over this thing, if another round of tariffs did take effect would that cause the fed to wanna move or is that impossible to say, that's a great question. And economists will tell you guessed a meeting where we're kind of shooting in the dark here because things seem to change on a daily basis. And so you can only really answer these surveys based on the last hour of tweets and news and Bloomberg headlines. And so what they told us is that they, you know, so two-thirds expect tariffs to be imposed additional tariffs to be imposed in second or third quarter. But the fed it's not so clear cut so less than half say that that this additional tariffs might prompt the fed to cut, but a full quarter of economists that we surveyed say that it'll have no discernible impacts. In other words, you add more tariffs. You could have a situation where he yes, you do have that price inflation you do have those price pressures. But remember, this is also going to impact consumer spending, and that's going to impact into gross domestic product growth. So you again, we end up in a situation where we have cross-currents and the fed just kind of sits on their hands. Okay. Gotcha. We're going to keep watching this with you Kaci Dmitri covers the economy for Bloomberg news. She's been watching this from the very beginning. She's got you back here. Just ahead on Bloomberg politics, policy, power and law. So what is the endgame with these tariffs or are the terrorists? The endgame. But first, we take the latest world and national headlines with Bloomberg spot known, Amy. Thank you, President Trump is dismissing as fake news..
"dave wilson" Discussed on Bloomberg Radio New York
"Mr. Wilson, Dave Wilson back with us stocks editor he's got his stock of the day. And it is it's a company with arguably a rock and roll tide. Here's the Rolling Stones Mick Jagger, just had heart valve replacement surgery here in New York and the stock of the day is a company that makes heart valve. I'm referring lievano create about three and a half years ago when US base cyber cyberman X merged with Italy sewing Leonova also makes heart lung machines and other products for cardiac surgery as well as nerve stimulation system for treating epilepsy and depression, leaving office, ticker is L I N the company shares pizza to record in September after more than tripling within two years. They later slumped as the Medicare program balked at paying for the company's depression treatment without further study Leonova slide accelerated today after the release of preliminary first-quarter results revenue trail analysts average estimate. In a Bloomberg survey. The company cited the Quine in heart valve sales and slow growth in the nerve stimulation business. They call it neuro modulation to give you the full jargon their analysts that need them in piper Jaffray came to leave in of his defense. Pence and MorningStar raised its rating the buy from hauled, nevertheless, the stock tumbled almost twenty eight percent the steepest decline since two thousand four back when it was cyber onyx. Very good one. I like that of the Mick Jagger connection tape Wilson, stocks editor have a lovely weekend. Who'd he like in the final four. I just wanna see some good games. That's it. You know when I went to the first two rounds down Jacksonville. That's all I wanted. And now that the big weekend is upon us. And we'll have a national championship by Monday night. I still wanna see some good games. Yeah. Well, I mean history. Recent history will say you're going to see some good games. There have been so many overtime so many one two and three point game. So interesting to see how that all plays out fences signal hit you like I did pick Virginia bracket my brackets been. So busted, it doesn't matter anymore. But the, you know, the sleepers really auburn's really interesting the way they're playing they are just a big. They've got to be the Cinderella team left. Right. Gotta be fun to watch. All right. Let's get a check on world and national headlines that we get abutment pickup punch. Ten Wilson has some moves like jacker? But that's another subject of these turned out to be. Be fighting words today from President.
Dave Wilson, Sarah And Bloomberg discussed on Bloomberg Daybreak Weekend
"Week this weekend marks the tenth anniversary of the start of the bull market for more or less. Welcome bloomberg. Stocks reporter Sara Pontic and Bloomberg stock market columnist. Dave Wilson and Sarah. Let's start with you about the ten year. Anniversary of is this gonna go on how much longer it's possible. We often hear that bull markets don't die of old age. And yes, the bull market will. Now, officially be ten years old. This is the oldest bull market. But we also often hear that it is not the strongest. It's not the most powerful if you look at their return or the price gain of the S and P five hundred I should say more than three hundred percents since the bottom line. However, if you look at the nineteen nineties we saw the bull market increased by four hundred seventeen percent at its peak. So some people look at back comparison and say as long as we don't have a recession as long as earnings don't fall off a cliff, then we could keep going, Dave. What about it is it possible that we could just sort of lumber along for a while? Anything's possible. The point about recession though as well taken. It's one thing that analysts appointed to over time. What kill the previous bull market back in the two thousands while peaked in October two thousand seven in by the end of that year, the economy was in recession. So you can look back over time and see similar sort of correlations. You might say between the state of the economy and the state of the stock market. So that becomes the issue in terms of trying to figure out where we go from here. Now, there's concern among analysts you may get an earnings recession two cores declines in profit for the S and P five hundred haven't heard as much though about the possibility of an economic recession, which does suggest at least that stocks have some room to keep rising here. Sarah. Normally we look ahead, but tell me some of the interesting highlights of the past ten years. So what is very interesting L P L research pointed this out is that if you look at this current bull market, it is actually the. Only one ever to exist with two twenty percent or more declines on an intraday basis. Now, of course, if that had been on a closing basis, then that would have been the end of the bull market, but we always had these bit of it intraday rally and that saved us because we never quite close twenty percent lower. So I thought that was very interesting back just because when people think about a bull market that has healthy corrections. We have had corrections of about twenty percent just when you go with the definition of a market having to close down twenty percent. We haven't quite hit that threshold. We should back up and say twenty percent is really a rule. That's not by any means, an absolute in fact, there are people who will tell you that the bull market rain right now, then actually starting two thousand nine because we have the decline in twenty eleven that was more than twenty percent on an intraday basis. You had a similar one in the fourth quarter last year when stocks hit bottom. On Christmas Eve. So you can talk about definitions all you want. You can say though, that, you know, over time we've seen stocks move higher refer to what they call secular bull markets, and we're not talking about secular versus religious here. We're talking about markets that go through cycles and nonetheless have a direction that can last ten fifteen years. And when you look at things from that perspective still a bull market for. Sure. We'll sarah. Would we talk about those little corrections that have happened along the way could that be the new normal that could possibly be the new normal? And some people also say that it is very possible that the high that we saw back in September could have been the end. Of course, we don't know that yet. There are many people who still are saying that we could easily take out those highs. But we are seeing a bit of a pause in the stock market rally. We did see that this past week. But many people do say look volatility is back vol. Until it is here to say, even though the vix has been very very muted this year. But the reality is that we will probably see more healthy corrections or more damaging corrections. If the fact of the matter is that September was
"dave wilson" Discussed on Bloomberg Radio New York
"Yeah. Happy to be back. Happy to have you back, although is down in much sunnier climes in Florida for the past few days. One unplanned, given all the travels and travails. Yeah. It did. Not look great up. Here. Airlines though and airports pretty packed. Pretty packed. The TSA was not as bad as I thought it might be my family had a different experience in the league Guardia last week. But I sailed through we sailed back three Tampa, no problem because they had come you sell through and your your family. You went to to we sort of what they went to. I went to terminal d and his bad. All right. Well, interesting stuff, you know, you went away for a few days, but we're still talking about the government shutdown. We're still talking about earnings. Of course, we're still kinda early in on the earning season. Yeah. We're still kind of lots of questions still about what's going on in the economy and the global economy, and it does feel like the market is still trying to figure all of this out. And it looks like a bit of a mix trade as you heard from Charlie. Let's get into what's happening in those markets. Weisenthal is here with us markets editor for Bloomberg. And Dave Wilson stocks editor for Bloomberg both with us here in our studio in New York. City Joe and to start with you. What's number one on your hit list in terms of market drivers today earnings? I think you Comcast mentioned Proctor and gamble. Nice numbers. Ibm? Obviously, nobody can remember the last time they were talking about IBM, right? A really good like the best in a decade the move. I forgot what mortgage family calling the quarter clean, which is you know, it's one of those things when you beat big. And then people say, there's all kinds of hair on the number in this case is it clean number. So I sort of perhaps gives people some optimism ahead of the onslaught of earnings that we're going to get next week, which is going to be insane. Not as negative especially these Tekere earnings of the next couple of weeks are important. And I think that right that sentiment was like, oh my God. They know everything's coming undone. And we wanna see what Texas Instruments after the bell going to be very big given how big the semiconductor sell off was Q four twenty eighteen Dave Wilson. What you're watching? I really just want to know..
"dave wilson" Discussed on Bloomberg Radio New York
"Well, Dave Wilson Dave Wilson for stocks editor columnist and blogger at mlive go on the Bloomberg walked into our Bloomberg interactive brokers studios, and he has on yet. Another phenomenal holiday tie. Dave Wilson your tie collection. Your holiday is strong. Thank you. Yeah. I mean, really it's like has like texture and it's in the shape of baubles on the greatest shake Christmas, ornaments fantastic. It's not your standard shape. No, Paul, sweetie. Ahead of North American research for Bloomberg intelligence joining me for the next two hours. So the markets are looking a little better today. Yeah. A little bit at a little bit of. Although that's seems to be rolling over a little bit. Then really hold its bid. Just the Shamin. You did get Nike's results that were pretty well received, and that's sort of helping things along just taking a look at that stock at the moment. You're seeing a gain of about eight and a half percent. Look at ESPN P five hundred and you see Nike right at the top of the list. In fact, the biggest gain in. It's not even close to right behind. It is foot locker one of its customers. Essentially see that connection being made that stock up more than four percent. Even carmax the very last company in the S and P five hundred to come out with an earnings report in twenty eighteen nothing scheduled next week. So you know, or New Year's Eve for that matter. So this is the final set a quarterly results. And even they're getting the benefit of the doubt. Because you know, if you looked at the top line wasn't so great sales actually fell for their used cars at the locations. Open more than a year in expecting that. And on the other hand earnings beat estimates. The stock's up more than two percent. So you know, you do have a couple of well-received results to kind of help things along that said really what's going on today? It's all about the. The quarterly expiration of stock index futures and options and also contracts on individual shares what they call the quadruple witching. So you'd get your burst of trading at the open another one at the close and in between. It's just sort of a matter of milling around you might say, can you say quadruple witching every time? Okay. But that's that's it for early. Do. We have any earnings David coming up between now, and you can imagine. Not for the s&p by under and look for small companies. We're done for the year. So we're on our own at this point. Yeah, exactly we're off. We're gonna go take off. Or maybe I'm just speaking. Well, the next year. I mean, the bigger question is what are gonna look like I mean, there is the intensification it'll get slower growth of only because the effects of last year's tax cuts kind of work their way through but how much of a slowing you going to get or are. In fact, you're going to get actual declines. People. I wonder prophets some of the strategies for saying. So there are definitely some open questions when it comes to companies performance here. I think that probably the most significant information, I mean aside from General Mattis decide to resign, which we look at into later entered the political uncertainty that that brings the China News overnight was a really big deal to me. The fact that China is clearly ready to inject quite a bit more stimulus into the economy next year, providing support for the world's second-biggest economy as it slows. I mean, this is like the upside surprise, right? I mean, this is potentially what could drive stocks higher than people expect and frankly caused the dollar to even strengthen more because it will weaken the UN. That's just my sense. Yeah. It's interesting. I think that was very important that news overnight. It's funny Nike even reported strong numbers out of China's. Well, so as you think about the laundry list of things that investors have to be concerned about and have been weighing on the market over the last couple of weeks. China is right near at the top. So that we can get any relief. There. And we'll have to see how these efforts to kind of bolster the Chinese economy sort of dovetail with what's happening on the trade front because China may be able to bring itself around the real question is how much of a benefit is they're going to be for US companies. I mean, given the issues in terms of Taras and everything else that has yet to be resolved. And it's been kicked down the road. If you months at least one big question that I have. So it seems like traders really don't care at all about the government shutdown and the partial government shutdown. They're we're gonna get probably later today. The next twelve hours. People don't really care if they don't have to go. Visit the national parks, although I've got to say they're beautiful. But the issue is is that it sets up a potentially very difficult snitch scenario heading into the early March debt ceiling debate, right? I mean, I guess that what are the potential consequences? Dave of a debt ceiling a protracted debt, ceiling gridlock. Boy, that's sort of a wide open. Question. Isn't other words, if we default on debt does that mean surging yields is that mean lower yields because of the uncertainty. Ause? I can't even think that far ahead at this point. There's so many questions, you know, what does the government look like do the Democrats actually have a chance of getting together with the Republicans in dealing with this issue. Or does it become another opportunity for what you might call grandstanding by certain politicians, always an opportunity for grandstanding exactly what is certainly brings into the marketplace is uncertainty as we all know, we've heard over and over again with the Mark I don't care if it's equities whatever asset class, you're talking about the market does not like uncertainty does not react well to uncertainty, and that would certainly inject a significant level of certainty into the market at least for the near term. What I'm wondering is what are the conviction traits right now? Good question. But I will tell you. I mean, I actually ran across a chart tell talking about what's going on with high yield spreads and surprise. You haven't mentioned that come on. Barclays tenure how yield index the wage jumps. That's right. Relative to treasury the most since twenty eleven. Yeah. Can you believe that if you've been following these Twitter feed? Yeah. Tension to a lot of people online. But of course, you have to bear in mind that there is a relationship between high yield and stocks. It's about as close as it gets if only because you're talking about relatively risky investments. And so you know, what are we seeing this quarter? We've seen stocks fall out of bed. And now we're seeing high yield spreads move higher. I mean, those two moves kind of are consistent with each other. So it becomes a question of how do they dovetail going into next year? Does the situation get worse? Do you see any kind of a reversal? I mean, these are the sort of issues. Investors are going to have to work through. And does it mean that anyone any company that needs to borrow money will have to pay up to such a degree that could affect their bottom line? And that is a really important question important thing to keep in mind. Dave Wilson with his phenomenal holiday tie collection. Thank you so much. Dave Wilson, Bloomberg stocks editor columnist and blogger at mlive go on the Bloomberg. And thank you for all that you do for us. Dave right now, let us head toward. Genuine studios in Washington DC, Nathan Hager with national.
Nvidia shares turn positive after Citron buys stock
"Of conviction because if one short seller. Yes, I'll be at who has had a pretty good track record if one short seller. Recommends buying this? They've that sends a sock surging that much. It just show you how how sort of skittish people are just trying to find another stock making a move higher. I would add snap that is up about one and a quarter percent. Also, Salesforce dot com up one and a quarter percent joining Invidia, which as you said up a four and a half percent. Although if you take a look at the rest of the market for example, apple shares down three and a half percent. Now, really interesting to see sort of the volatility and to Dave's point earlier. Dave Wilson Oliver sacks editor and columnist. He was talking about how volumes have actually been very high today. So this is not coming on just volumes. Correct. Now, let's turn our attention to the world of emerging markets. And joining us now to help us understand whether they are an investment you want to participate in is
"dave wilson" Discussed on Bloomberg Radio New York
"Dave Wilson, Bloomberg stocks editor columnist and blogger at 'em live go on the Bloomberg. Our mark. Sort of disregarding yesterday's election as old news and just looking toward the fed this afternoon. Well, at the very least you have a perspective about what's coming, and it's not necessarily that. There's that much wrapped up in what the Fed's going to do today. I mean, it's pretty much given among investors at least that the fed will hold the line this time around on interest rates. The question is what happens next month. And that's where the back and forth comes in about you fed policy, and whether interest rates are going to move up too much too fast. I mean, that's a concern. It's been around it certainly been reinforced in the past few weeks, given the statements of the fed chairman Jay Powell and others about how they're looking at the economy. So today, you see the market kinda holding up and let's face it. The election. Results are passed. We've had the moves in individual stocks and groups tied into that. And so now, it's a matter of what happens going forward, and the fed is certainly a big part of that Dave Wilson and wonder if you could comment on the energy complex and the companies that are connected to it. Because we're seeing crude oil traded on the NYMEX trading around sixty dollars a barrel, and we've had a number of acquisitions in the last two weeks in.
"dave wilson" Discussed on Bloomberg Radio New York
"Receipts. And here is Dave Wilson. Thanks, charlie. ADR's are falling. Unlike US shares the S and P A D R index is down three tenths of a percent while the s&p five hundred's higher by four tenths of a percent. British American Tobacco was fallen three point three percent in a UK based rival imperial brands has declined six point seven percent in US trading. Charlie mentioned the efforts from US health officials to curtail underage electronic cigarette. Use also yesterday. US regulators had a presentation that showed they're committed to reducing nicotine levels. So that becomes a concern. For the cigarette makers Spain's Ibra Drollas has dropped three point seven percent utilities. ADR's spell after the country ended a green cent tax on natural gas. Consumed by power plant owners, blooberg tolerance said the move may hurt. He redraw them by reducing wholesale power prices. Now what China's tencent holdings rebound at five and a half percent eighty yards through the internet company dropped ten percent in the first four days of the week as ten cents put off an initial public offering what's online music unit and Argentine Bank ADR's are higher after the country's peso. So a one month high against the dollar Banco macro has gained seven point four percent. And the Bank of Francis unit of Spain's BB DA is a five point seven percent, Charlie. Aren't we? Thank you very much. Dave Wilson just getting the latest weekly. Recount numbers out of Baker Hughes always released on a Friday at about this time very closely followed by a lot of people in the oil industry the rig count up by eight to eight hundred sixty nine west Texas intermediate crude up two tenths of one percents. Seventy one twelve a barrel. Gold down three tenths of one percent, twelve twenty three ounce. I'm Charlie Pellett. And that is a Bloomberg business flash. All right, Charlie. Thank you yesterday. President Trump continued attacks against the Federal Reserve once again challenging the central bank's independence speaking in the Oval Office. The president blamed the recent market drop on fed policy. But I think the fed is far too stringent and making a mistake. And it's that right. And it's despite that we're doing very well. But it's not necessary in my opinion. And I think I know about it better than they do. Shannon, petty pieces of Bloomberg news White House reporter, she joins us now for more on this story from our by by phone and Shannon. Is anybody at the White House and the administration trying to walk this back? No, not at all. I mean, it's something that the president said a couple of times. Now, he before doing a rally earlier this week on Wednesday came over to reporters someone unprompted we ask about the stock market. And that's when he decided to go into this attack on the fed. So it was deliberate intentional. And then he repeated the remarks the next day Shannon of anything. The does this make the fed maybe push back a little well, I mean, traditionally the fed has been very, you know, I guess apolitical. You could say not known for responding, but this is sort of test that institutions never been under. And so I told there could be any sort of response at one point the president seemed to suggest that he wasn't going to fire Powell, but he can't so real raising the question of what control does he have? And in some cases, where he doesn't have. Control over situation. Like we've seen with the attorney general we could fire, but politically it would harm him. You know, if he can't remove someone or doesn't have control over an institution, Robert Moe's, another example than he just attacks them repeatedly. So that could be a pattern that we see play out here as well. Well, what are the politics of the president's tax on the fed? Well, I mean there is in this in his base. You know, this anti-establishment type wing that would like to see the fed abolish they'd like to see the IRS abolished in this very sort of libertarian part of his base that has been a talking point that's been under the surface where they they don't trust the fed. They don't think, you know, it's it should be, you know, I it should have any role in government or monetary policy. So I mean, it could potentially be playing to that wing. But also it provided a good explanation for this. You know, huge stock market dropped we saw that day. And instead of attributing that to his policies on trade concerned about those issues or other markets structural issues. He chose the fed as an excuse for why the stock market was going down since this presidential pressure began as chairman Powell or any other policymaker ahead. Anything? Directly to say about what the president has said. No, not really. I mean, certainly again, the feds and organizations that typically doesn't weigh in that much politics. So for the most part they've been staying out event. What to talk about your story about Donald Trump junior hitting the campaign trail this election season? Tell us about that. So he has become a very powerful surrogate out there for Republicans while he is controversial. And you know, draws a lot of criticism from Democrats from even moderates from members of the Republican party, even he is a big attraction. He's raised hundreds of thousands of dollars for candidates and some of the tightest race is out there, for example. He was just in Texas campaigning for Ted Cruz where he did five events in one day and raised almost half a million dollars for him. And you he brings a sort of star power that few people in the Republican party other than the president. And arguably, the vice president also have that can really draw out Trump's base of supporters and try and get them energized about this election, which for many Republicans isn't energizing or or motivating them as much as it is Democrats very quickly has he been able to not only energize. The base but brought in more money. Well, he certainly has. I mean, just a tally that we were able to put together came up that he has raised at least a million dollars since June for Republican candidates, and you know, in the big scheme of campaign dollars. That's not an enormous amount. But for one person to raise that is an especially in some of these tight races where there is a lot of democratic energy. He is a important tool to help offset or just serve counter that fundraising that's happening on the democratic side, Shannon, petty piece, Bloomberg news White House reporter, thank you for your time. Coming up on.
Bloomberg, President and United States discussed on Kevin and Bean
"It just don't know when it's going to blow up in Greeley about making money in the sense that many people think investment, I fear that we are starting a multi decade bear market in bonds. For more volatility in the markets. Probably maybe a healthy thing. Bloomberg surveillance. We've John and Pimm FOX on Bloomberg
Ulta shares hit 52-week high after retailer says Kylie Cosmetics in stores by the holidays
"Stocks columnist. Remember send Dave an Email at dwilson at Bloomberg dot net you, can sign, up for, his free Email newsletter Dave where do you want to begin Ulta beauty shares are up seven percent or maybe you wanna talk a little bit about apple they're one. And a quarter percent or gopher Lululemon perhaps Coca Cola you choose there are lots of choices you wanna talk about Kylie Jenner why not Kylie Jenner the cosmetics line hold. On a second Dave yes I want to. Hear you talk about Kylie Jenner, you follow. Jenner do you get tips. Heck no do you now. But it, be. Fun if I did clearly a lot of people do. Though because to Ulta beauty has
Bloomberg, Dave Wilson and Hewlett Packard Hewlett Packard Inc. discussed on Bloomberg Markets
"So joining us to break all of this down is Dave Wilson are stocks editor here at Bloomberg news. In Vince Cigna rela is our global macro Strategist for. The Bloomberg macro squawk Dave quickly I'm just going to start with you because we're looking at record. Highs on all of the majors I've seen here on the s. and p. the NASDAQ the Russell. What is behind this well you've got some well received earnings. Reports and you can look at the likes of Autodesk. Which does design software spunk accompanying I just like the name. There, the data analysis business in terms of, their software both these companies out with results late, yesterday Autodesk up fourteen percent spunk Up almost sixteen and a half percent and you can find enough of those kinds of stories. For stocks, to do well here and it's. A pretty broad based advance were seeing you look at. The eleven? Main industry groups in the s&p five hundred you see consumer Staples beverage tobacco little. Changed everything else, though is higher in terms of individual stocks you what could it four to, one gains, versus losses in the s. and p. five hundred so you, know people, just must be feeling good at the end of a an August week you know. As they look ahead to next week and a holiday weekend of, course we should point out that you really, did see. Starts stocks start to pick up once we heard from fed chair drone Powell out in Jackson Hole Wyoming people like what he had to say I guess
Sen. John McCain to stop medical treatment, family says
"Senator John McCain's. Family is saying that the Senator will discontinue medical treatment, this comes more than a year after he was diagnosed. With brain cancer the Arizona Senator has been battling the onus. For months and now just according to the McCain family. The Senator will discontinue
Kill quarterly reporting? Some investors ring alarm bells
"Earlier today President Trump. Tweeted that he's asked the SEC to study ending quarterly reporting. For US businesses to quote allow greater flexibility and. Save money Morgan Stanley CEO James Gorman voice support for the idea on Bloomberg today I think quarterly reporting and to Buddha plumbing I, think it's astronaut Everything links and by the way quotas come. Around with alarming frequency I've been, trying to get this. Thing to stop but at least you know this is one. Thing the Brits definitely have. Figured out, with the six months, reporting joining, me is Peggy Collins Bloomberg news US investing team leader so Peggy it seems, natural that corporations would welcome getting rid of two reports a year but what are, the? Dangers couple of the dangers are that investors have less transparency right so we've seen this in the news, of late with de LAN musk saying he might take tesla private and one, of the reactions that we've had from shareholders our shareholder activists are is that will you're not getting as, much information and in terms of what the company's earnings might be. What their executive pay is to influence whether you buy or sell, the other potential is that when companies are in the dark more there's, more potential, for them to do nefarious things such as insider trading for example and for it to be. Harder for people to spot or for companies to be More worried about doing it in the first place because they might get caught So what are? Some, of the less obvious advantages to corporations besides just not the extra work well. I think as you said the extra work and also costs for smaller companies and number of the clients that we've heard is that with all the regulation today and the requirements of from the SEC of reporting that if you're a smaller company, that's a big burden and therefore. There's more and more smaller companies that say I'm not going to go public I'm going. To stay private because I don't want to have to do all those things so that's one of. The things I think another point is that we've talked to some people today you said it could make financial. Analysts more popular valuable because they are supposed to be talking to, companies regularly and so if the public has information on a less frequent. Basis they, the financial analysts who put out reports. Could be become more important so. Peggy this was released by the White House I to clarify President Trump's tweet it says the president is interested in examining this issue on whether Sean Short term. Earnings reporting requirements for public companies reduce incentives for them to engage in long term investing in? The, United States a part of the administration's ongoing regulatory reform efforts so it put. It in that context does that give you more insight into what he's looking for something definitely the I've been hearing over the last few years covering a variety of investors and family offices that investing companies in the US that aren't public a, lot of family owned businesses across. The country and one of the things that we've heard repeatedly is that companies are saying. You know what if we're under this pressure every quarter to hit certain numbers in order for our. Shareholders and the stock price to be in the limelight in a good way that prevents us from sometimes putting. Money into research and development efforts that would actually benefit the company, over the longer term so I'm not going to go public I'm going. To take, some private investment money so that way. I can spend some more money. In the shorter term on the long term value of building another plan Or or doing some research on technology, for
Turkey's Markets Plunge Into the Unknown After U.S. Sanctions
"It filed for bankruptcy protection from its creditors and Turkish markets plunging today deeper into the. Wild on president at. Sanctions imposed by the United States, its NATO ally of added to, the cross currents buffeting investors they of already, been despairing policymakers failure to contain inflation, and stem the slide in the lira under. Pressure from president one to bolster growth recapping. US equities, higher across the board with the s&p up. Fourteen of five tenths of one percent I'm Charlie Pellett and that is. A Bloomberg business flash Thank you very much Charlie Pellett art it's, time to bring in, Joe Weisenthal our markets editor for Bloomberg news, also co host of what you miss yes. Every weekday every trading, day three. Thirty PM Wall Street time, only on Bloomberg television and you can follow Joe on Twitter at the stalwart also joining us in studios Dave Wilson Bloomberg stocks editor and you can follow Dave on Twitter at the one Dave all, right Joe Weisenthal post Federal Reserve meeting no change in interest. Rates for the United States but a change of interest rates for. The United Kingdom from the Bank of England is, that relevant to what, you're, looking at today I mean the thing is about the Bank of England is that it really. Only affects the, UK when we talk about central banks Having an influence on global market is usually the via we and the b.. O. j. and the fed, but I still think it's interesting that the. Bank of England hiked not. Because it's gonna, have any ripple effects outside of outside. Of the market there but because for. Whatever reason central bankers seemed to really like hiking rates and the proof. Of, that is that it's hard to imagine that the UK's risk of overheating the economy decelerating they're facing a potentially big shock and they still went ahead with it anyway. But why, did they do it they do it because they were concerned about inflationary, pressures. Because of, the devaluation of the pound maybe it's very compelling there's like a little bit of, inflation but it's already trending down there was some point there was some talk before. That they needed to hike because they didn't hike? Some other, time they were expected to hike and now they need to show some credibility I don't really get that so you know I think central banker. Just like to hike they can? Okay we can pass on that I guess all right I really believe I've every let's bring. The one Dave in. Here David Wilson stocks editor for Bloomberg, news has the hike had. Any impact on the. Stock markets here in the states you wanna talk about what's going on in stocks look at. Across the pie you're looking, at apple and tesla right mean apple becoming. The first US could apple. And tesla again Yesterday was Day NASDAQ is up one and a. Quarter percent the NASDAQ is up more than ninety six, points? Today right and apple is read the forefront. Of that this is the first US company to cross a trillion dollars in. Market value and when you look at the way that the stock has, moved up it doesn't look like it's going to be a one, day wonder which is what. You saw November two thousand seven when petrochina's started trading in Shanghai and got above the trillion dollars four day while apple is the largest stock in, the? NASDAQ right, I mean it accounts for something like eight and a half percent of the total. NASDAQ waiting so when apple moves the NASDAQ's gonna, move well. That's true a bear. In mind you go back and look at how this stock. Has done it is been, up all but two years since two thousand three I mean it's not something. That just sort of happened all at once and you can argue whether, the reaction to the earnings that came out earlier this week me, justifies the latest move in. That said there were definitely some pluses in the numbers and we know that apple has a history of introducing models in September which is the last, month? Of their, fiscal year so that's something to look forward to and when you put it all. Together this history making day not only for apple, but also. For the US market. And you mentioned tesla certainly the story there is very different. This is a company that's, never made money a company that day Oh no it's not. I mean even Amazon, was in that situation once upon a. Time but taste certainly make a whole lot of money these days Years, later I mean you know you had to wait for it right yeah the point is though they've never made a profit they'd been using up cash, and you know this story is they didn't use up as. Much cast last quarter is analysts were looking for only seven hundred and forty million dollars and that. Was enough to send Tesla's shares on a roll so that's sort of where that company is. And musk is starting to sound more like a CEO not like he did three months ago when he was berating analysts on his quarterly conference call so you got. Tesla up fourteen and a half percent at the moment it it, does kind of show, you that, it, doesn't, take much. Sometimes to, get investors excited and when you get sort of a, few points to focus on you see the results Joe is Is apple. The best stock ever and his tesla are we being old fashioned in saying that test is. Gonna make money no I don't think we're being I mean I don't know what the best ever is I think there probably are stocks that have had better returns. In shorter periods of time Netflix comes to mind if we're just, thinking about the century, so far You know Apple's one trillion is a really high number Breathtaking story as for tesla look I think what got investors excited yesterday was partly the indication and the promise of positive, cash flow going forward and prophets that big said a they've had predictions in the past about this stuff that I think disappointed. Investors in the end and be they gotta, hit it and so I think that sort. Of shows you know. There is a limit to it quick question for you Joe Weisenthal you're going to. Buy any new apple, product that comes out in September you're on your phone you probably will because. I, think I'll be up for. A, new phone, at yeah you got an apple now yeah Yeah. Yeah No I have like the seven. Or, whatever no, Dave Wilson. Just curious I also had. The seven I was thinking about buying one, last year. Skipped it I'll think a whole lot hard harder about buying one this year Bob every I'm not even going. As, pigeons yeah I figured you it's tried. And true. My, friend, yeah But. It's Feed bill Rooftops still cheaper than I guess. It is thanks very much Joe Weisenthal co host of what Jim is check. It out, Bloomberg television three thirty PM Wall. Street time and, of course Dave Wilson Bloomberg stocks columnist David e dwilson Bloomberg. Dot net sign up for his daily free. Email newsletter now let's go to. Our ninety nine one studios in Washington DC where Martin dicara has world the, national headlines Martin thanks him happening. Right now top White House officials are describing plans to safeguard the midterm elections from. Foreign interference the administration's been criticized for not. Doing more stay tuned to Bloomberg radio for more on this. Developing story the, massive wildfire northern California grew overnight fueled, by wind the blaze in and around the city of reading now covers two hundred. Square miles Cal. Fire director Ken Pimlot says an army. Of firefighters thirteen thousand strong is working to contain it and other blazes across the state over twenty seven thousand Firefighters on the fire lines throughout the western United States so almost half of. Those are right here in California wildfires are also scorching hundreds of square miles. In Oregon, more than eleven hundred people likely. Died after hurricane, Maria hit Puerto Rico far more than the official death count. Of sixty four Penn State university study is. The second such review to make. Clear President Trump initially underestimated the tragedy when he compared it favorably to the, aftermath of Hurricane Katrina in two. Thousand five this new report suggests nearly seven hundred of the deaths occurred during two. Months when much of Puerto Rico had no. Electricity Republican hopes for a quick confirmation of supreme court nominee. Brett Cavanaugh might, be over the national archive says won't, be able to complete its review of nearly a million documents regarding Kavanagh's time in. The.
U.S. and Mexico Nearing Nafta Car Deal, Sources Say
"Bloomberg intelligence so the feds still. Talking about this too worried about how not to be The curve. Invert because that seems to be a signal for recession although the wags are. Very very long so it's not obvious, to me that a flat curve necessarily means recession but, the fed wants to avoid that and one. Of the things that they'll certainly, talk about at. The meeting is hey can we. When should we stop is going only once every quarter gonna invert the curve or not right now we have got the. Ten year, two point nine nine percent down nine thirty seconds gold is down. Five, tenths of, one, percent, twelve, eighteen, the. Ounce west Texas intermediate crude down one point three percent 67.90 for a barrel of WTI equities mixed s and p down four a drop of about. Two tenths of one percent NASDAQ higher by seventeen, up two, tenths of one percent Dow, industrials down sixty two points now a drop of two tenths of one percent tesla reports after the closing bell and tesla shares they're down now by five. Tenths of one percent one zero two on Wall Street. That means it is time now for the market driver's report with a focus On American depositary receipts. And here is Dave Wilson thanks Charlie eighty yards are fulling more than US, shares, the SNP? DR index is down six tenths of a percent he s and p five hundred hundreds. Only lower by two tenths of a percent Chinese search engine, provider by do as fallen six. Point nine percents in US trading in online. News organization called the intercept, reported. Google is putting together a, censored version of its service for China Google is. The main unit of alphabet and, that stock is higher in today's trading Germany's Infineon. Technologies has lost three point four percent people familiar with. The matter said the chipmaker howled. Early stage talks about buying Swiss rival s. t.. Microelectronics last year as tree micros ADR's by the, way little changed after rising as much as one. Point nine percent earlier Luxembourg's arcelormittal. Has gained three point two percent the steelmaker second quarter earnings and revenue beat Analysts average estimates in a Bloomberg survey arcelormittal was a, beneficiary of higher US DO. Prices. Tied to tariffs and India's Todd Motors is risen three point eight percent the automakers Jaguar Land Rover unit said. Expects new models and lowered Chinese tariffs to spur a second-half rebound in earnings and sales the unit had a loss of about two hundred, and seventy five million dollars last quarter Charlie and we thank you very. Much Dave Wilson tracking those American depositary receipts so again recapping here. Stocks mixed SNP down for a drop, of about two tenths of. One percent I'm, Charlie pelletan that is a Bloomberg business, flash all right Charlie thank you with midterm elections in the US coming in November and a new president in Mexico Mexico taking office in December the two countries are, nearing a deal on new rules for cars sold. Under NAFTA one. Of the major sticking points and, talks to. Revise the trade agreement speaking at a US S. chamber of commerce event this week commerce secretary Wilbur Ross discuss the progress or media close. To completion negotiations are with NAFTA particularly with Mexico we're very. Pleased that, the new. President in Mexico, wasted no, time at, all in pulling is new trade team sir McGregor is Bloomberg news economic policy team leader. She joins us now for more on this story from our Bloomberg ninety nine one studios, in, Washington DC so Sarah how would. The US and Mexico settle the their. Differences over, cars so that's the big question right now what what is in this deal you know. We're hearing that. That the US Mexico are getting. Closer to, some, sort of agreement on autos and there are so many contentious issues in these NAFTA talks but without. A doubt autos is. Probably going to be the hardest one for them to agree on so it is. Significant that if they are getting closer to some to some sort of idea of what they'd Want that basically the lion's share of the US trade deficit with Mexico is cars and we. All know by now that the, trade deficit is really big car parts right and car parts and we know that the trade, deficit, is. Trump's the, thorn in Trump's side when when he talks. About trade so it's really at the. Cracks of redoing this deal so it really can't be overstated how important it would be if Mexico and the, US can can find an, agreement on that but. The big question is where is candidate seems like the US and Mexico are sort of in the boardroom. Right now, at the negotiating table and Canada's in the waiting room and can? They even make deal over cars without. Involving Canada Mexico is the biggest? Source of, car imports to the US Canada's right behind it at number two so how how this practically, would happen it's not clear right now but it would be. Significant if there's some, progress so tell us what the sticking points have been in this area of. Automobiles and auto parts so the US at one point you know had said they want a significantly larger portion Parts of a car percentage of a car to be built from North American made. Parts so they wanted something, like seventy five percent from the current agreement was sixty two point five percent Mexico wanted a little bit lower lower than that and I think also. The US really wanted to make sure that these these parts? That basically the value of the car was coming from higher wage work Trump's biggest one of his. Biggest concerns has been US jobs going. To lower costs Mexico in, the automotive sector in the manufacturing sector and I. Think the US wanted to try and guarantee that higher wage labor was going to be an. Aspect of this agreement put into, writing now so that those jobs could be in America Do you have any idea why the Trump administration has shut Canada out of this out of these talks and are the Mexicans on board with keeping the Canadians out at this point Well I think big turning point was the election of the new president in Mexico to lie I Trump himself has said he's spoken with Anglo since he was elected. And it really seems like there's a priority right now in Mexico as well to get a deal before. This new president in this new administration in Mexico takes over on December first so I think that was a little bit of a more of a willing partner with Mexico right now and, also the US has been pretty vocal. About the fact that Canada has, sort of tried to tried to go a little bit around them to influence lawmakers in the US industry groups and and the US doesn't like that it, wants to negotiate with Canada and it thinks it's, sort of, a little bit of a, sneaky way that candidates taken. To try. And get its voice across by, talking to these congress people who are then trying to go to Trump you know complaining about. NAFTA and saying make a deal with Canada that's great and so I think you know there's there's kind of been a little bit of tension there between the Trump administration will pay Back there So what's next So you know still candidates says, and even, Mexico you know this is. A trilateral deal we want to try and keep this NAFTA as. A trilateral agreement so one element of this is that some people are thinking about is that the Trump administration would wanna get Mexico onboard with a. Deal over autos like I said earlier is a really tough a tough. Nut to crack and once he has Mexico on, board with it hoping to, draw in Canada, then, in say look we've we've agreed between the US and Mexico over one of the hardest, issues are, you you know put. It on them are you going to get on board with? This as, well you know there's some more talks that Mexican economy minister is going to be here later. In the weeks definitely going to find out whether they can. Actually achieve, that you know it's still very much a. Work in progress and I think from there we're gonna have to see what the strategy is from the US Mexican candidate to try and keep this deal together as a. Three, part deal Sarah thanks for bringing us up to speed on all. Of this ceremony, Gregor Bloomberg news economic. Policy team. Later thank you Coming up on Bloomberg politics policy power and law acting EPA chief Andrew Wheeler faces. His first congressional hearing and his first big test up on the hill. As he looks to continue Scott Pruitt's legacy but,.
President, President Trump and Iran discussed on Politics, Policy, Power and Law
"Right now we've got your, holy shares down. Six point three percents SNP up twenty a. Gain of seven tenths of. One percent Dow Industrial's up one hundred seventy one up seven. Tenths of one percent NASDAQ up sixty seven up nine tenths of one percents Tenure of, four thirty seconds yield two point nine five percent gold, is up three tenths of one percent and a, pullback, today for west Texas intermediate crude down. One point seven percents. Sixty eight ninety five for a barrel of WTI one oh two on Wall Street deputies it's time now for. The market, driver's, report and, as always at this time a focus on. American depositary. Receipts and here is Dave Wilson thanks Charlie eighty. Yards are rising though not as much as. You shares the SNP DR, index is up three tenths of a percent while the s. and p. five hundred higher by seven tenths of a percent, Japan Sony has risen three point four percents in US trading. Consumer electronics, makers earnings and, sales for its fiscal first quarter beat the average analyst estimates. In a, Bloomberg survey Sony race forecast for the fiscal, year reflecting robust sales of its PlayStation video game console the Saudi isn't. The only game company whose results were well received eighty hours of Japanese rival Nintendo of climbed three point nine percent Nintendo's profits Past the average estimate for. The eighth straight quarter thanks, to increase software sales online now Brazil's ITO on a Banco has. Fallen four point four percent the. Banks recurring profit for the second quarter came. Up short of the lowest analysts, estimate trading revenue fell seventy percent is Brazilian markets slumped in. Canada. Shop FIS lost four point one. Percent the developer of online stores said it seems slower growth in sales for the small businesses using its platform so-called gross merchandise volume decelerated for the third straight quarter Charlie. Now all right we think very, much Dave Wilson SNP down twenty drop again SNP up twenty seven tenths of one percent I'm. Charlie Pellett them that is a Bloomberg business, flash all right thank you Charlie a, week after President Trump warned Iran that continued threats. Would result in quote unquote consequences the likes of which future out history have ever suffered before the president told reporters at, a press, conference yesterday That he would be willing to meet with the Iranian president They wanna meet. Me anytime they. Want anytime they want good for the country. Good for them good for us and. Good for the world no preconditions, if they, wanna meet me. Mike Dorning is a Bloomberg news White House deputy. Team leader he joins us now for more on this story and now the secretary of state seems to be walking, back, the president's comments on no conditions for talking to Iran Mike What's the strategy here. Well this is President Trump showing his instincts I mean, he He believes. Two things one is that it's best to be. Strong and try to intimidate people and the other is that it's, okay to talk Pompeo has a. Little bit more of a conventional view of things but this is this is you we've seen this with, Trump again and again that he is. Willing to make threats beat the drum hard but then happy to talk with people? Is there any regret about walking away from the twenty fifteen nuclear deal with Iran is it looking better since the president may recognize after his experience? With North Korea that, it's not so easy to make a deal on nuclear weapons the White House says there's no regrets on walking. Away from the twenty? Fifteen, deal their their posture is certainly that. There's no, regrets And obviously there's a second element in the Iran deal which is The White House has has allied itself more clearly with Saudi Arabia than the Obama administration and this Saudis and Israel as have. An agenda that's larger than nuclear weapons here and they, want to Damage the Iranian power in the region their rivals of Iran in the region so they now have the, US allied with them In sort of trying to create more leverage and more stress on the Iranian. Regime the Trump administration feels like that's a good thing. That the Iranian, regime is under stress economically and politically at the moment, so it's the right moment to put leverage on them so that's a that's a. Slightly different goal than the Obama administration had which was primarily to ratchet down the idea, of nuclear weapons in the Middle East. Someone who, might be sitting at. The table to talk about Iran actually, might be is is the White House chief of staff John Kelly he's a former force he's a former retired retired four-star. General and now we have this reporting that he's? Agreed, to stay on through the twenty twenty presidential election at the president's request what can you tell, us about about all this well we've. Heard from two sources is that Trump actually ask Asked him, to commit to stay until twenty twenty four through a whole second tournament said he'd. Like to have them for the whole rest of his presidency even if it's two terms, and Kelly wisely set let's start with. The first, term and only commit. That far but it's an important indication. Because there have been persistent rumors that Kelly's in trouble that he's either gonna be fired or that he's going to quit. And this sends a signal to Washington that no? He's, going to remain there it creates a sense of stability At, the top of the White House which generally has. Seen quite a bit of turnover including the national security adviser, including secretary state and lots of lower level aid so it looks now if we take this if we take this and believe this that you have. Jared Ivanka and Kelly as long term people, at, the White House providing at. Least a little bit of stability And and was the. President do this because you know everything's good now because we also reported that you know the president's been mad at Kelly, on, and off for trying to control. Him, that stuff well I think. Part of it is that Kelly's learned that he can only, control access to the president so much and they've probably reached a motor supper Randy that's certainly definitely can't control his tweet and that's certainly what people tell us who are. Closely allied with both of them with Kellyanne with the, president that they're they're they understand each other more, personally now no one has, said this I suspect the fact that there was. A New York Times big story about charity, and Evonne over the weekend brought this issue somewhat to a head in the Trump world because it from that portrayal look, like they were eclipsing Kelly and this puts Kelly on public footing more equal to. The two of them great right Mike Dorning White House deputy team leader good stuff as. Always thank you well coming up on Bloomberg politics policy power and law US authorities decided to drop a high profile bond fraud, case but first let's check on the latest world and national headlines with Bloomberg's Nancy Lyons Nancy thanks Peter officials have.
"dave wilson" Discussed on Bloomberg Radio New York
"That has to do with inflation and prices because it seems like that is one of the sort of huge questions and that the fed is gonna face and if we don't have much inflation pickup then maybe the benign environment can continue next week isn't huge for data but we do have della said and richmond fed manufacturing report i'm very interested to see what they say about pricing power for the companies in those regions and that might give us a little bit of a hint of what the trends are saying and david likewise you what are you looking at are you talking about a benign environments i mean you saw the s and p five hundred go you know day after day with the move of less than half a percent back along as streak since november of last year so it's a matter of whether we're going to reestablish the kind of calm that marked last year's trading in stocks after having had a real dow the volatility starting in february i mean there all this anticipation that you know if you look at the vix index or any other indicating a kevin name you're going to see higher ratings this year and that's how it's going to play out and you know i'm just curious to see whether the recent calm holds up to any degree and you know out of that you get a market to kind of goes back even more than it already has to what we saw last year thanks to bloomberg's stock markets columnist dave wilson and joe weisenthal head of the americas newsdesk for bloomberg news coming up on bloomberg daybreak weekend a look at the week ahead in.
"dave wilson" Discussed on BizTalk Radio
"Kind of in an early springing movement right now there's a lot of things that people need to start doing when it comes to their fruit trees in a lot of things that people need to watch out for when it comes to the bridges right now and i know that we're going to cover those things but first off before we get into that i wanna make sure our listeners know about dave wilson fruit trees and about you and what you do there so we give a brief introduction of what you guys are working on a dave wilson well we'll hunger career one of the largest grower fruit and not in the united faith we grow of material or commercial agra all her farmers and we also grow material for backyard's growers that goal through um wholesale and retail nursery so you know we produce a real first selection of material you know both for agriculture and for ongrowers you know with different things in mind uh agriculture of course is looking for you know lots of fruit at one time so they can get their harvest than and get their crop to market where backyard growers are looking for excessive ripening varieties though they can have a little bit of fruit all the time instead of a lot of fruited anyone given time so you know we're always looking to uh introduce new varieties that are season extenders early varieties relate varieties of if they can incorporate those into multiple plantings than harvest throughout the season one of the other things that i think dave wilson is specialized in as well as the the flavor in the flavor combinations during the last time we had you on the show you guys have e fruit tree that was a cross between arm was a john there was little cherry berry join russia very was it across a jury claw metre yeah that's amazing incredible so not only is it you know successive ripening seasons but also laborer an varietal vetter kind of unique and different so a lot of oneself going on over there um we are in an early spring i'm sure you guys are also witnessing that up were you're at correct oh absolutely hit all even a northern california pierre foothills up there bring a is truly a month to fix week early though you know we're we're.
"dave wilson" Discussed on Bloomberg Radio New York
"Good morning dave wilson is in a house a dave wilson is in the house let us is that oh come on this is early rockabilly wanda jackson i picked it because actually got around to seeing this documentary last night which you can find online it's called the sweet lady with the nasty voice and bruce springsteen and his wife patty scout for both the they talk about going to see her oh yeah we as bridgeport new jersey in two thousand six of course i had to watch it but beyond that you know she just her day bowling alley a bowling alley asbury lanes absolutely but she just turned to eighty years old the other day so why not a little tribute decided that couldn't think of a good sought to play with the jarred so why not anyway detroit focuses on is the idea of perhaps changing one's view of the s p 500 michael purvis sued the chief global strategist wedeman company brought up the idea that the s p 500 and i'm quoting here has effectively become a wasi convertible bond now take a step back convertible dead the whole idea is you get paid interest over time and eventually you have something that can convert into equity and so therefore you benefit if the share price goes up obviously if you own the sp 500 you have that benefit the share price going up up front and then on top of that you have a dividend yield which is comparable to the yield on 10year treasury notes and that's really the main point purposes making your we're talking about the ten year whether it goes above two point four percent in stays there but now the s p 500's almost two percent and the gap is pretty close to what we've seen is an average throughout the entire bull market since march two thousand nine in the way purvis sees it so this comparison house explain why people would step in and buyers prices go down they just it it's an interesting sort of west in terms of how you think of stocks if you wanna war send me an email gets to the chart yes from nation that goes with it and everything i do going forward the email address is d wilson at bloomberg dot net that's t wilson bloomberg dot net all right good stuff as always david wilson bloomberg stocks columnist billionaire tom barrack through embattled film studio weinstein.
"dave wilson" Discussed on KBNP AM 1410
"Day even if i can bring you because that is just a great song gray fund tell bass unrest i love that song dave wilson bloomberg stocks cities while more now are you at all worked out later in the boots it sets up your charity the day case it's all about energy stock investors needing a rescue of sorts you look at what's going on this year and you really see that the group has taken a bit of a beating the sp 500 energy index down about thirteen and a half percent and contrast that with the sp 500 which is up almost ten and a half percent it you can see just how bad it's been or you can look at a ratio between the two and that's what the luke told groups jim paulsen their chief investment strategist did earlier in the week and he took a toll although return versions of the index's so dividends get taken into account in the ratio between the energy stocks and the sp 500 on that basis hit its lowest level since january two thousand four so you going back thirteen and a half years with that comparison so the question is what rask queues the energy stocks and by extension their investors and paulsen points to what's going on with the dollar which makes sense because after all you'd think about oil and other energy commodities their priced in dollars so stands to reason if the us currency is falling in value then well and and other roof forms of energy get cheaper and perhaps there's more demand in any case paulsen looked at the us dollar index and what the chart does is basically in verts that particular indicators so you know you get the idea of energy stocks going up when the dollar goes down and this dollar index dale close to ten percent for the year so he's looking at that and say this ought to be a plus for these stocks and detroit goes back to twenty tell you can see a fairly close relationship on that basis if you wanna know more faults send me email gets you the chart the explanation that goes with it and everything i do going forward the email address us is d wilson at bloomberg die net that's d wilson bloomberg that i think if it continues that weaker dollar is going to be an interesting story for.