35 Burst results for "Dave Wilson"

"dave wilson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:28 min | 8 months ago

"dave wilson" Discussed on Bloomberg Radio New York

"Texas intermediate crude oil is down 8 tenths of a percent of 80 to 94 a barrel Collects gold is little changed at 1863 20 announced the ballerina one 1396 The Euro dollar 1443 in the British pound of dollar 33 98 It's a Bloomberg business flash Bloomberg markets continues now Taylor ridge and Matt Miller All right thanks very much Greg Jarrett Now we do have as I said Kirk Seaver's here He's the chief executive officer of NXP Semiconductors and we're going to get to him momentarily I didn't forget about you Dave I just wanted to remind our listeners to stay tuned if they want to hear the chips part of the ships and chips But Dave Wilson is also here and he's going to give us a look at some of the small caps Well we're seeing declines not much of a loss but nonetheless the rest of 2000 index down in tenth percent while the S&P 500 is higher by four tenths of a percent The three worst performers in the Russell are all Dan about 43% with talking about a curious medical ticker if I be It's a hard device maker whose third quarter results were disappointing on chorus ticker OCR Cancer drug developer coming out with initial study data that clearly wasn't too well received and team incorporated ticker T isi This is a maintenance provider Their third quarter results came up short of estimates and they said they may not be able to continue as a going concern Biggest gain in the S&P 500 KAR sushi USA ticker K URS up at the moment 24% after reporting fiscal fourth quarter results would be estimates and exponential fitness ticker XPO F up 18% of the gym on a raised this year's forecast after third quarter results be estimates All right Dave thank you very much Dave Wilson there looking at this small cap Stocks Now let's get to the chip maker I'm just excited because Kurt sievers is here in studio with us And because they deliver chips to some really important products they deliver chips to Apple for example which I think we all love and use They deliver chips to Robert Bosch which helps make the ABS and all the sensors that I need to run my motorcycles Kurt talk to us about what the supply chain bottleneck looks like right now in terms of your industry In terms of your company Yeah so first of all thanks for having me today I love to speak about the supply chain because in a way we look at this from a demand perspective which is outstanding So the supply chain is still such that the demand is outstripping supply capability So while we are growing this year like 29% year over year we are still supply limited In our earnings call last week we also informed more specifically that we continue to be limited from a supply perspective in Q four And I think at least in parts of the business this is going to continue probably through the most part of next year It's interesting I know we're want to get to some of the supply outlooks but from a demand perspective as well analysts are saying the year 2024 revenue projections still look conservative Just given the demand from automotive math's a big fan of automotive industrial is that really the segments that you see carrying us through this big demand cycle Yeah you got to think about NXT in such a way that about three quarters of our overall revenue which is $11 billion this year is going into automotive industrial And it is going to be Borg Warner to Bosch BMW Exactly All ending up in cars but we are shipping to tier one suppliers like the ones you just mentioned That business is just booming like I've never seen it before in the past 25 years To give you a feel our automotive revenue this year which is half of NXP they grow about 45% year over year Now you will say well that's a weak compare because last year because of the pandemic everything was low anyway But it's also 30% above 2019 So even if you compare to a pre-pandemic year from a car production perspective we ship 30% more And it's still indeed not enough as you said Now why is that It's just an explosion of content increase One reason is electric cars I mean we all see that there's really a sharp rise of the rate of electric cars We think it's going to be almost 20% of the car production this year globally is going to be either hybrid or fully electric which is a big number I mean it's becoming material And that matters to us because they have about twice the semiconductor content to a combustion engine car So this is where the trip demand is coming I mean I was talking with Claudio Dominic Holi recently who's the CEO of Ducati And he was telling me the chip content is increasing at such a rate that sometimes there are parts he's not even aware need chips for example the headlights in his motorcycles now need chips because they're controlling the LED beams to turn in before you turn a corner So it's amazing the amount of content that's going in when is that stop What's the terminal rate there I don't see a stop at all because all the big mega trends which are driving innovation and automotive and those are electrification Autonomy think about the whole idea of the autonomous cars and safer cars so all these assistant systems which are actually protecting you from bad accidents And to connected car the whole idea that your car is actually getting software updates over the air or that your car can be can.

Dave Wilson Taylor ridge Greg Jarrett Kirk Seaver NXP Semiconductors Kurt sievers Matt Miller Dave Robert Bosch Borg Warner Bosch BMW Russell Texas
"dave wilson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:52 min | 9 months ago

"dave wilson" Discussed on Bloomberg Radio New York

"It's Bloomberg business Weeks instead of back in Carroll master live in the Bloomberg interactive broker studios also with us right now Dave Wilson because in just a couple of minutes Carol I was afraid you were going to bring him in I'm not going to bring him in I know where we get it We got a formula I'm just getting ready I'm mentally prepared I don't want to freak out red in the control room Don't worry Rhett They're like what is he doing We're not ready for him But we are ready for Charlie pellet Hey Charlie Here's what's going on We have got the Dow The S&P nez deck all advancing We are looking at records right now Just like Dave Wilson is we're looking at a record for the Dow up 55 points up two tenths of 1% S&P up 20 are about 5 tenths of 1% NASDAQ pushing higher off 142 up by 9 tenths 1% worth recapping the year to date numbers because the S&P so far this year are by 21.5% we've got the Dow So far for the year up 16.7% NASDAQ composite index up by 18.2% today As stack up by 1% S&P up now by 5 tenths of 1% the Dow off by two tenths of 1% Stocks are higher as traders gear up for a string of earnings reports from tech heavyweights including Facebook after the bell Facebook shares right now up 1.3% but investors are also keeping in mind inflation concerns and rising COVID-19 risks Madrano meanwhile says its vaccine did show a strong immune response in younger children and a late stage clinical trial paving the way for submission to regulators for clearance in those between the ages of 6 and 12 Madonna shares right now are a 6.2% Well what about the messaging out of Washington especially ahead of those vaccinations for children doctor Joshua sharfstein is vice dean of Johns Hopkins Bloomberg school of public health In general I think it would probably be helpful to be talking a little bit ahead about what things are coming And I think they've done a little better job of that as the pediatric vaccine is approached Look what I think is gonna be really important is explaining not just the decision for the pediatric vaccine but how additional data will be quickly gathered so that people who are reluctant initially are able to get questions answered Doctor sharpstein but the Johns Hopkins Bloomberg school of public health which is supported by Michael Arthur founder of Bloomberg LP and Bloomberg philanthropies checking some of the vaccine stocks that we check every week Pfizer down three tenths of 1% have strum and partner BioNTech up 4.9% those of the ADRs ADRs of AstraZeneca they're flat on the day right now unchanged Moderna up by 6.3% J&J Johnson & Johnson are by one tenth of 1% Recapping S&P up 21 points up 5 tenths of 1% I'm Charlie Pablo and that is a Bloomberg business flash Thank.

Dave Wilson Charlie pellet Madrano Rhett Carroll Joshua sharfstein Carol Johns Hopkins Bloomberg school Facebook Charlie Doctor sharpstein Madonna S Michael Arthur
"dave wilson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:56 min | 9 months ago

"dave wilson" Discussed on Bloomberg Radio New York

"After Andrew Thomas for Sunday's game with Carolina he'll miss at least two more games after that He's got an injured ankle John stache I want Bloomberg sports sneaky All right John thanks 6 37 on Wall Street time now to take a look at stocks some of the names moving in the pre market with Bloomberg stocks editor Dave Wilson Dave what's going on with Netflix this morning Of course after earnings Absolutely Nathan the shares are down two and a half percent in early trading The streaming video services third quarter results lack what endless called big surprises Revenue match endless average estimate in a Bloomberg survey though earnings came out ahead And Netflix had an unexpected cash outflow Put that all together Deutsche Bank cut its rating on Netflix to hold Micron Technology down 1% The membership maker outline plans to spend a $150 billion during the next decade on research development and production plants Mike Ron said the budget exceeds earlier levels and it's hoping for U.S. government help to be able to make those chips here in America Also seeing some negative news this morning for one of the vaccine makers Novavax down almost 21% in early trading The COVID-19 vaccine developers facing delays with its shot because of production issues According to Politico the report cited unnamed people with knowledge of the matter Turning back to earnings You can have anthem up half a percent need health insurance raised its fiscal year earnings forecast They have third quarter profit and remnants of past Hassan's United Airlines up one and a half percent The carrier had a narrower third quarter loss in higher revenue than analysts expected Omnicom Group though down one and a half percent the advertising agency owner's third quarter revenue only matched the average estimate though earnings top projections Trade desk up one and a half percent The online marketing service unveiled a global partnership with Chinese smartphone maker Xiaomi Terms.

Netflix John stache John thanks Bloomberg stocks Dave Wilson Dave Bloomberg Andrew Thomas Mike Ron Novavax Micron Technology Carolina Deutsche Bank U.S. government Politico America
"dave wilson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:15 min | 9 months ago

"dave wilson" Discussed on Bloomberg Radio New York

"Our Bloomberg sports leader All right John thanks 6 37 on Wall Street time to take a look at stock some of the names moving in the pre market and the calm before the September payrolls report Bloomberg stocks editor Dave Wilson is with this morning Dave some moves among vaccine makers That's right Nathan more specifically COVID-19 vaccine developers novavax is up one and a half percent in early trading The company signed a $372 million contract for Poland's maybe on to produce the shot the agreement begins next year and runs at least through 2025 and starts up 12% This company's developing a COVID vaccine tablet and release data from a study led by duke university The results showed the pill reduced the virus is spread enhanced now the study was published in something called bio Rx IV which said it wasn't peer reviewed Okay So you're watching crypto stocks as well Absolutely because they're higher after Bitcoin briefly top $56,000 for the first time since May The exchange owner coinbase global up 1% the Bitcoin investor Michael strategy of 3% and bit digital up four and a half percent Fasten all that one and a half percent And the industrial distributor is set to kick off the S&P 500s third quarter earnings season on Tuesday Results are due the next day from JPMorgan BlackRock and Delta Air Lines Couple of insurers to watch and early trading I haven't seen much movement in the shares nonetheless Chub agreed to buy life accident and supplemental insurance units in the Asia Pacific region from Cigna for 5 and three quarter $1 billion The sale is part of cygnus shift toward focusing on health insurance some analyst calls of note Union Pacific up 1% the railroad is basically the equivalent of buy from neutral JPMorgan J.B. Hunt though down 3% JPMorgan cut its rating on the trucking company to the equivalent of self from neutral JPMorgan also weighing in on a satellite broadcaster Sirius X and it's down 2% after being lower to neutral from the equivalent of buying I should know Bloomberg radio provides programming to serious XM on channel one 19 You have Otis worldwide off 1% the elevator maker received the equivalent of a cell recommendation in new coverage at Wells Fargo The firm also gave sell equivalent ratings to three more industrial companies Dover Rockwell Automation and train technologies An allergy Therapeutics down 38 and a half percent U.S. regulators ordered a halt to the company's research on a blood cancer therapy algae and set a chromosomal abnormality was detected in one patient now the whole also is weighing on our genes peers Mac site down 9 and a half percent and select this down 20% Some big moves there from Bloomberg's stock senator Dave Wilson and as we take a look at stocks as a whole ahead of the Friday morning open future starting to move higher just a bit with S&P futures up four down futures up 47 NASDAQ futures up 5 points This is Bloomberg What With early paycheck you can get your direct deposit up.

John thanks Bloomberg novavax Michael strategy Dave Wilson JPMorgan BlackRock note Union Pacific Bitcoin JPMorgan J.B. Hunt JPMorgan duke university
Tech Stocks Sink in Early Trading as Bond Yields Climb Again

Bloomberg Markets

02:16 min | 1 year ago

Tech Stocks Sink in Early Trading as Bond Yields Climb Again

"Let's get over to Dave Wilson. Right now. He is in the studio with a look at stocks. Dave We're not seeing a lot of movement on the index is, but what do you see under the hood? Well, I mean, you've kind of got big tack on one side and big banks on the other. That's how things are kind of lining up in early trading. So you look at what's lower in the S and P 500. You see technology Chris Apple Microsoft fitting in their communications services, Google's owner, alphabet as well as Facebook, and then that consumer discretionary category where you find Amazon dot com and Tesla's so you know, that's one side of the coin. The other side's what's going on with the banks. You know, we're seeing Bond yields move up and bank stocks kind of going along for the ride, and we should point out yesterday. KBW Bank Index, which tracks 24, the largest U. S. Lenders, broke a record that had stood since February. 2007. So it's like the banks are finally getting out from under the shadow of the financial crisis. If you look at their share prices, and by the way that KBW index is up 2% today, and we're seeing gains of on that magnitude from JP Morgan Bank of America, Citigroup, Wells Fargo and Maura's, So you know, it looks like You know, we kind of got, you know, the kind of classic on the one hand on the other going on in early trading. And what you get out of that, in terms of the broader market is not a whole lot of direction mean some weakness, But you know, the S and P 500 actually coming off its early lows at the moment. Have to have a guess. What we've seen today is another example of that trade We've seen recently. You know what bond prices trade off interest rates push higher, and that brings the NASDAQ down with it. We're seeing that again today. Oh, yeah. I mean, that's you know, sort of how things are lining up at the moment on them beyond that, though, I mean, you look at utilities in real estate, you talk about the areas most sensitive to higher rates. They're actually up a bit. In early trading. You look at their S and P index is higher by three tents for percent. So you know that's kind of uninterested contrast and you know, they kind of puts them in the metal, arguably between big tank and big banks and big tech

Chris Apple Dave Wilson Kbw Bank Index KBW Jp Morgan Bank Of America Tesla Dave Amazon Microsoft Maura Citigroup Facebook Wells Fargo Google
Amazon stock rose 2% in Wednesday's premarket

Bloomberg Surveillance

01:05 min | 1 year ago

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.

Amazon Bloomberg Stocks Dave Wilson David Treasury Andy Jassy Aziz Paul Bezos Bloomberg
Fed Holds Policy Steady as Economy Stumbles

Bloomberg Businessweek

02:51 min | 1 year ago

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

FED Kathleen Hays Cetera Bloomberg News Kathleen Dave Wilson Jay Powell Bloomberg News New York City New Jersey President Clinton Loretta Kansas City Cleveland Janet Yellen J. Pollock
Springtails: Nothing to be afraid of

On The Ledge

05:49 min | 1 year ago

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

Keeler David Attenborough Sir David Detroit UK Dave Wilson Dave
Carnival shares rise even as cruise company warns of ‘material’ COVID-19 impact

Bloomberg Markets

02:44 min | 2 years ago

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 Caribbeans Calvin Klein Tommy Hilfiger China Bluemix LOS PVH Bloomberg
"dave wilson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:19 min | 2 years ago

"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.

Dave Wilson Bloomberg interactive brokers ten percent fifteen percent nine percent six years
Markets provide an unambiguous signal that investors expect recession

Politics, Policy, Power and Law

02:40 min | 3 years ago

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

Dodd Chris Dodd One Percent Thirty Percent Eight Percent Seven Percent Twelve Months Four Percent Nine Percent Six Percent One Week Ten Year Two Year
Global stocks eke out gains on flickering trade hopes

Bloomberg Businessweek

06:41 min | 3 years ago

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

Markets Editor Dave Wilson Editor Joe Weisenthal NBA Five Percent Four Billion Dollar Three Four Percent Twenty Percent Sixty Percent Seven Inches Ten Year
Online sales grow 25.7% at Dick's Sporting Goods in Q2

Bloomberg Surveillance

00:57 sec | 3 years ago

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

Dave Wilson Nordstrom Dick BJ Bloomberg Senator Brighton Nine Percent Ten Percent
"dave wilson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:46 min | 3 years ago

"dave wilson" Discussed on Bloomberg Radio New York

"Market drivers report we check in with Bloomberg's Dave Wilson with a look at American depository receipts Dave thanks bye baby ours are higher than not quite as much as US shares the S. and P. eighty are indexes up one percent and the S. and P. five hundred up one and a half percent China's JD dot com has jumped to twelve point eight percent the online retailer has unexpected second quarter profit thanks to promotions in a recovery in consumer spending revenue beat analysts' average estimate a Bloomberg survey and their biggest rival I would Baba group holdings also higher by about four percent margin time AG eighty ours are up after plunging yesterday on primary election results bunco B. B. V. A. Argentina has rebounded nine point six percent telecom house in Argentina has risen eight point six percent Germany's Henckels phone seven point one percent the household product maker posted a second quarter profit the trail estimates and cut its full year revenue forecasts and gold money and yours are mostly lower as the precious metal retreats from a six year high south Africa's angle gold a Shanti is down three point two percent it's a bonding gold who dropped six percent Bob thank you David and recapping stocks in the grain the S. and P. five hundred up one and a half percent and that's your Bloomberg business flush thanks Bob president trump is softening his position is trade war with China by delaying until mid December the ten percent tariffs on some Chinese products on many holiday shopping list before boarding a helicopter this afternoon trump said he's not ready to make a deal with China by John at four twenty five thirty years nobody we have no choice but to do what we're doing it's working out very well as you know.

Bloomberg Dave Wilson US China Baba group holdings Argentina Germany south Africa David John Bob president six percent one percent four twenty five thirty years eight percent
Verizon, Apple And Qualcomm discussed on Bloomberg Daybreak Weekend

Bloomberg Daybreak Weekend

02:09 min | 3 years ago

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

Verizon Apple Qualcomm Intel Bloomberg Dave Wilson Five G
"dave wilson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:52 min | 3 years ago

"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 seventy seven million dollar twenty seven percent fifty two percent twenty four hours eleven percent thousand yards twenty percent one percent five years
"dave wilson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:34 min | 3 years ago

"dave wilson" Discussed on Bloomberg Radio New York

"Driver's report with Dave Wilson, and Dave who's taken it on the chin today in the SNP. Well, it's a specially the communication services companies Greg. And that's alphabet the owner of Google. We've reported on the possibility of an antitrust investigation being open and Facebook, potentially another candidate also lower and response. In terms of what's up commodity producers Rama terrible. Airasia companies individual stocks, you actually have five up in the S and P five hundred for every two that are down. It just shows you how much weight alphabet and Facebook or putting on the market at this point, the s&p five hundred Sharpe's GameBoy wants the nectar therapeutics, the drug developer's up twelve and a half percent after providing an update on cancer treatment to study over the weekend nectars working on therapy to be used with Bristol Myers, Squibb drug up deebo Advanced Micro Devices has risen three point two percent the semiconductor maker agreed to license. Graphics chip designs to South Korea's Samsung electronics for use smartphones and tablets now the SNP by one hundred steepest drop belongs to send team down nine and a half percent. Humana said it won't pursue a deal for the health insurer, which is buying. Well care health plans for fifteen billion dollars. We reported in may that activist investors had purchased stakes and seventeen and one of the company that consider Sally itself and court Teva has fallen seven point three percent. The seed and crap. Chemical company is lower on its first day of trading after being spun off from DuPont. The split completed a three way break up after DOW Chemical and DuPont merge in twenty seventeen and we should note shares of the new DuPont at the moment. I mean they're higher they're up by nine percent. Greg. Thank you for that. We just getting word across the Bloomberg terminal of the Woodford equity income. Mhm fund with suspending dealing in shares city. Wire goes further to report that dealing in Woodford equity income has been suspended with immediate effect. And until further notice, we've had our Bloomberg business flash. We've had the market driver's report with Dave Wilson. And now we're onto politics policy power in law. All right. Thank you, Greg. And we've been watching the tensions between the US and Mexico. Remember, President Trump announcing he'd be imposing tariffs on imports from Mexico. Well, the president says the Mexican government is sending a delegation to Washington this week, sending a big delegation,.

Dave Wilson Facebook Bloomberg Greg DuPont Teva President Trump Mexico Google Samsung electronics developer DOW Chemical Advanced Micro Devices Woodford Humana Airasia
"dave wilson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:40 min | 3 years ago

"dave wilson" Discussed on Bloomberg Radio New York

"Receipts. And here is Dave Wilson. Thanks, charlie. Eighty yards are lower, though, not quite as much as you as shares the S and P, DR index is down eight tenths of a percent in the s&p five hundred slower by one percent. The UK's Tesco has lost five and a half percent in US trading. The supermarket chain is lower after reports from research firms, Kanter and Nielsen showed growth in UK, grocery spending has slowed during the past month. China's Neo is falling seven and a half percent. The electric car maker second quarter sales forecast trillion was lowest estimate in a Bloomberg survey. Neo was lowered to of south neutral, at Bank of America, Merrill, Lynch and Israel's Teva pharmaceuticals down one percent. It's traded today. It's lowest price since two thousand the drug among defendants in opioid lawsuits, and has been named in the suit over alleged generic drug price-fixing now Ireland's Amarin has risen more than twelve and a half percent. The drug makeover receiving priority review of its US application for expanded use of the cholesterol treatment, the CPA Amarin is seeking to gain clearance, where the drug as cardiovascular medicine, Charlie, and we thank you very much. Dave. Wilson tracking those American depositary receipts. So, again, recapping here equities, Laura, across the board, a sell off again, on this Wednesday here with the SNP down twenty nine that's a drop of one point one percent. I'm Charlie pelletan. That is a Bloomberg business flash. Thank you, Charlie in his first public statements in the Russian vestich in began special. Counsel Robert Muller says Russia's efforts to interfere in the two thousand sixteen elections should be of concern to every American speaking at the Justice department Muller, also said, charging President Trump with any crime was not an option because of Justice department guidelines, if we had had competent that the president clearly did not commit a crime. We would have said, so. We did not, however make determination as to whether the president did commit a crime, the introduction to the volume two of our report explains that decision. Curing us is Stephen Dennis. Bloomberg news congressional reporter Steven. It's been over an hour since Muller made his statement. What's been the reaction? Yeah, it has sort of gotten some of the democratic candidates for president to now. Call for impeachment proceedings noting that Muller said that he was unable to decide whether or not was able to charge the president under the guidelines. And basically, he even alluded to the fact that there are there's an other option for holding a president accountable, and that other option, which he didn't name, of course, is impeachment. Now where we're not seeing any Republicans join on that bandwagon. We're still at a single Republican, Justin a mosh of Michigan who says they should have started impeachment proceedings. And we're seeing other allies of the president people like Lindsey Graham, the Senate Judiciary chairman, saying that for him, it's over time to move on things that he's been saying before, and of course, the, the Trump campaign and the Trump administration basically saying the president was already exonerated. It's been time to move on. And Muller is since residing in moving back into private life that the congress should move on as well. But I don't think it's going to be very easy for Nancy Pelosi to sort of quell. What is a growing group of House Democrats who want to investigate and and do it now? Robert Muller said the report is my testimony. And he made clear several times that he does not want to testify in that he will have anything to add to the Muller report, but will that stop Democrats from asking for him to testify from even subpoenaing him has, for example, Jerry Nadler, the head of the House Judiciary, committee said anything. Yeah, he didn't in his statement. He didn't say, whether he would subpoena Muller. He's previously said he would consider doing so there are a number of House Democrats who want him to testify. And I think that the odds are still pretty good that he will testify didn't say they wouldn't. He said, if he wouldn't tell congress anything different than than is in his report. But, you know, there's a lot of Democrats who feel like the American public hasn't been educated about what's in the report and were misled by the attorney general William bar in his previous statements about the report so have. Just having Muller there and sort of repeating things that are damaging to the president, and that four hundred and forty eight page report is something that I think a lot of Democrats want to see happen. Now, what Robert Muller made clear as well is the election interference. And he said, at the end that this is something he thinks all Americans should be watching. Is that leading to more calls for, for looking at the integrity of elections coming up? Yeah, you're seeing a lot of Senate Democrats, particularly highlighting that piece of it. They want by partisan action on election security, and they also want the president to acknowledge that this happened and say he's going to direct his government to protect the elections in the future. And, and it's, it's basically if you take a twenty thousand feet view it this Muller is, is kind of implying going out the president for calling everything. Hoax. He's saying sweeping and coordinated attack. And that's very different from how the president himself talks about it. It's also clear that Muller and bar have a big disagreement on the question of whether the president should be exonerated or not bar exonerated. The president said there was no obstruction or there was not a crime and Muller again today said that, you know, he couldn't say that and he would have if he could have, and that I think, is something that you're going to see Democrats continue to be sort of lining up behind Muller and saying, look at this evidence and Republicans in their statements are largely hang their hat on bars exoneration from, you know, a while back. All right. Thank you so much. Stephen that Stephen Dennis. Bloomberg news congressional reporter coming up on Bloomberg politics policy, power in law, we're going to be looking at cyber intrusions and what.

Robert Muller president Bloomberg Charlie pelletan Muller department Muller Dave Wilson US Stephen Dennis congress UK China reporter Tesco Nielsen Neo Nancy Pelosi Kanter
"dave wilson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:38 min | 3 years ago

"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 Allan Parsons Bloomberg Bloomberg interactive brokers Carol Massar US Email Ned Davis assistant engineer Boston five percent three days
"dave wilson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:36 min | 3 years ago

"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..

Bloomberg Federal Reserve President Trump president US China Dave Wilson New York John Williams Ralph Lauren Halliburton Angie analyst Trump Twitter Saudi Aramco Saudi Arabia Cowan
"dave wilson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:38 min | 3 years ago

"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 heart valve Mick Jagger editor US piper Jaffray Leonova depression New York Medicare Bloomberg Quine Pence Virginia Italy MorningStar Jacksonville President twenty eight percent
"dave wilson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:08 min | 3 years ago

"dave wilson" Discussed on Bloomberg Radio New York

"Bloomberg stocks, Dave Wilson. Thank you so much even in any range-bound market. We've seen over the past couple of days debut, always fine. Where the action is. Thank you. Going back down to Washington DC, President Trump intends to nominate Alison Herron Lee of Colorado to serve at the securities and Exchange Commission Lee democrat would fill the seat already vacated by CARA Stein, restoring the five member commission to full strength. She would serve a five-year term that expires on June fifth two thousand twenty two devastate into this story a little bit. We welcome. As we always do every week, Arthur Levitt, former chairman of the securities and Exchange Commission. So Arthur, thank you so much for joining us. Again, what are your thoughts on this new nominated nominee? I it's good. And I think it's unique in recent years, almost without exception every new presidential nomination as been a member of the staff of the House Financial Services committee or the Senate banking committee, and with that came political agenda if you. You came out of a staff position for a Republican or democratic member of any of those critical committees, you can do embrace the same philosophy that your former boss embraced and. Generally, speaking, the commissioners that came from the offices of politicians either democratic or Republican. Were less creative and open in their approach and sensitive to the possibilities of. Starting out on new ground, and perhaps even embracing investor initiatives and calling for public meetings. Investors things of that kind were not generally embraced by former Senate or house staffer. So I applaud this appointment as being a really good and constructive one. I look forward to hearing more from the new Commissioner, so are is your expectation. That miss Lee will be confirmed. Yes. Absolutely. That name would not have appeared at not already that it with. Both Republicans and Democrats are is this a Trump SEC. He has his tone, and he's implied that in part of that imputed that under different divisions bodies institutions is it a Trump SEC in two thousand nineteen. That's that's a great question. Tom. I've asked myself the same question, and I think because of the strength of the chairman of the SEC Trump has a lot of confidence in it's not a Trump SEC. And the appointments I think have been sound and good appointments not leaning too far left or too far. Right. Right. So if it is a Trump at C C, it's a darn good SEC in my book. Right. And it's it's even better because of the personal skills of the chairman I've been trotting out history. Arthur you, and I are the only ones that remember LBJ after the assassination of John F Kennedy had to jump start the economy and William mcchesney Martin was running the fed and LBJ said come on you gotta get on board and they'll Martin get onboard. He he didn't want to push towards an inflationary America's is a generalization. And once again, we've got chairman Powell with is independence question is the president. Maybe look for alternative prince Arthur Levitt replacing Sherman Paul, but tell us about your Washington years, Arthur and the independence of the fed. Well, my Washington years were blessed because my President Bill Clinton. Allowed me the freedom that all independent he should have. But rarely do have. And I was able to initiate programs and bark and bark upon initiatives that few chairman wherever able to because the president allowed me to do pretty much anything I wanted to even with respect to the appointments of commissioners. The president was willing to listen to my recommendations and often embrace them. So that's not usual. Usually there is tension writing the White House and commissioners and certainly the chair, but this particular chair that sitting in the seat today is strong in his own right. And because of that, I think the president has a lot of respect for him and his leaving the commission alone allowing him to set his own agenda. Thank you so much. The former chairman. The Securities Exchange Commission. Let's go to the gossip of the pages at London, Paul, sweetie. You are expert on this. And this is of course, the divine actress Helen Mirren, she is front of the papers this morning is she went after net flicks over this Titanic battle of traditional movie going in that flicks. I know Mr. Spielberg spokes talked about this. Well, yes, explained to me mortals, like me why Helen Mirren is using four letter words and said he Spielberg's upset I think they want to preserve a lot of what has been the traditional mystique of soda feature filmmaking, which is it's meant to be enjoyed within the theater, it's a communal experience. And that's kind of what they want to preserve as opposed to the Netflix experiences, which it's really just a one to one relationship you're sitting down and just kind of tuning into Netflix, watch it what you want when you want where you want it. And so I think it's a little bit of pushback from some folks in Hollywood. No, we need to preserve some of what made feature film making great go run a museum, isn't exactly isn't this distribution question. It really is. Really what it is. It's a personal choice issue. How do people wanna consume content? It is much different today than it was before. And that's kind of what there's a push pull coming up Paul sweeping. I review the value. The economic power of Cinerama stay with us. This is Bloomberg. Good morning. Let's get some national headlines right now with Michael Barr. Michael, thank you very much. Thank its own. Preliminary findings around on the crash of the airline's flight that killed one hundred fifty seven people if the OPN officials say the pilots flying Ethiopian Airlines flight three oh to repeatedly performed all of the.

chairman Arthur Levitt president Sherman Paul President Trump Bloomberg Alison Herron Lee Securities Exchange Commission Helen Mirren SEC Washington Exchange Commission Michael Barr White House fed Netflix William mcchesney Martin Ethiopian Airlines Dave Wilson CARA Stein
Dave Wilson, Sarah And Bloomberg discussed on Bloomberg Daybreak Weekend

Bloomberg Daybreak Weekend

04:16 min | 3 years ago

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 Sarah Bloomberg Sara Pontic Reporter Twenty Percent Ten Years Four Hundred Seventeen Percent Two Twenty Percent Ten Fifteen Years Ten Year
"dave wilson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:57 min | 3 years ago

"dave wilson" Discussed on Bloomberg Radio New York

"Dave Wilson. And Dave looking at the pie chart consumer Staples. In the red is most of that due to the Kraft Heinz situation, absolutely, Greg. I mean, you're seeing food stocks down across the board in response to what crafts had to say late yesterday more on that in a moment. We should point out though, that nine of the eleven main industry groups in the S and P five hundred or higher consumer Staples, an exception along with the nationals in terms of individual shares, you have more than four up in the S and P five hundred for every one that's down. The index is biggest game belongs to into it up. Six and a half percent. The maker of turbo tax in quick books. Software posted fiscal second quarter earnings beat analysts average estimates. The Bloomberg survey into it came out ahead, even though a partial US government shutdown slowed the start of income. Come tax season. Newmont Mining has risen four point eight percent. Canada's Barrick Gold center to study whether to make an all stock takeover offer for the US metal producer. Now. The two companies were close to a merger back in twenty fourteen before talks collapsed. Craft highs by far the biggest decline in the S and P five hundred it's down twenty seven and a half percent. The food maker took a fifteen point four billion dollars right down to the fourth quarter results before the charge trailed estimates crafts slashed its dividend by thirty six percent, and the company said US regulators issued a subpoena in an accounting probe. Now as far as the other food stocks. Go Campbell Soup down eight and a half percent jammed smucker lower by about four percent general mills Kellog and canal GRA all down about four percent at the moment. Greg. They Dave Bloomberg's Dave Wilson. With this hour's market drivers report. Now, we're onto politics policy, power and law. Thank you. Greg and trade talks with China continue the US trying to forge a preliminary deal with its biggest economic rival before tariffs on some Chinese imports more than double next month. Now as recently as last week, President Trump signal. That he would be meeting with China's leader if the negotiating team runs in the sticking points at some point, I expect to meet with president Xi whoever lottery spec for like a lot and making the parts of the deal that the group is able to make now let's talk about this with Bloomberg treasury reporters Selena most with us now in our Bloomberg ninety nine one newsroom here in Washington. DC at the studios, rather, the okay, the president in just a few hours is going to be meeting with the vice premier of China is this a sign that these talks are going well or that they have hit a sticking point. Or is it impossible to tell. Where are we honestly it is really impossible to tell. But I think my hunch is that they are going. Well. President gee from China sent Lia the vice premier and he named him his special envoy to the US for this trip in China. Chinese media are kind of taking note of the language that's being used around her and his authority when he comes here to negotiate to offer concessions, possibly what we are hearing is that so far that the two teams are preparing a series of memorandum of understanding Emo use that would cover tariff barriers currency, agriculture intellectual property and a few other things. But I think the deal just will not be made until Trump Angie, either on the phone or are in a room together. That is the the firm sense that I'm getting from the inside the markets and investors like the fact that the two sides are still talking absolutely any kind of sign of progress of talking of a possible deal in the works. Phone lines are open doors are open to each other is definitely positive news to the markets and Trump Bloomberg broke broker story last month that Trump and it still holds true today. My sources are telling me the same thing today that President Donald Trump wants to buoy stock markets. This is obvious. I don't even tell you sources are telling me the Dow is leading economic indicator. If that his his trade some of his trade negotiators are trying to explain to him that a deal with China any deal with China where the trade war is there's a truce or things just start to calm down. Or ratcheted down will be good for markets. And he has heard that message. All right. So they have until March. I will they make that deadline. What happens if they don't make that deadline? Are you hearing that we could see that deadline be extended? It could definitely be an extended this. The thing Trump said earlier this week or last week it's all running together that that March. I is not a magical date. He said, and he gave us the date, and we became obsessed with it because the administration was obsessed with it saying, this is the date. This is the date and all of a sudden hearing that it could be extended now that is not the preference of the of the US side to extend it, but he did say explicitly that if it looks like they're edging closer to a deal around March first. Then let's extended just to kind of get to the finish line. And you don't have to remind us that. Was it this week last week? It's already together. My goodness. It's a it's a constant stream of comments, Twitter tweets, and and. We might get you know, television cameras in the Oval Office today with the president. Absolutely. There's a meeting at two thirty. The key thing that I'm looking for is to here on enforcement of any kind of deal. How transparent are these talks? I mean, I know that they're holding their cards close to the vest. And I understand why. But I'm wondering at some point they're going to have to present. Here's our parameters. Here's our mile posts. Here's what we are hoping to attain Amy. It depends on how you define transparent. Okay. We see people going in and out of buildings and hotels when either the US teamers in Beijing. And the Beijing team is here in DC. We are hearing a little bit affair about amount enough to break news from our own inside sources. So there's that transparency, but there is no transparency on either side by design. There's no public statements. No, joint statements except to say it was very productive meeting. And we're going to look at this five topics that we've been working on for more than decade, but there is Twitter to anyway, we do want a dimension that obviously that there are still these very tough issues that the two sides have to try to compromise on her agree on, including the enforcement part, Trent technology transfer part, the the IP issues. Yes, I is a big one, and they're all they're very tough issues. These are long held policies in China. That's so far it looks like they've used the tactic of just waiting for the democracy to hand them a different US president to Ryan. The clock with okay, we're gonna continue to watch it with you. Soleil emotion. Covering treasury for Bloomberg news. Thank you slay. And the president is supposed to join in those talks a couple of hours from now that twelve thirty to thirty Wall Street time just ahead on Bloomberg politics policy. Power law North Korea's Kim Jong UN has a game plan ahead of next week's summit. There's another deadline for you get the president alone. But first we check the latest world and national headlines with Bloomberg's Bob moon. Thank you house. Democrats have introduced a resolution to block the national emergency declaration that President Donald Trump issued to fund his long-sought border wall. House speaker Nancy Pelosi immediately announced the vote will come Tuesday. The move starts the clock on a constitutional clash between Trump and Democrats and the GOP run Senate may adopted as well despite Trump's opposition Pelosi says it's a matter of the separation of powers, the president does violence to our constitution, and therefore to our democracy. Should the measure attract enough Republican support in the Senate? It could result in President Trump's first veto heightened tensions in Venezuela left. One woman dead and a dozen injured near the border with Brazil today, it marked the first deadly clash related to the opposition's plan to deliver humanitarian aid the President Nicolas Maduro has vowed not to accept a grandfather's concern has led to the closure of a fraternity at Louisiana state university after he noticed bruises and other injuries on his grandsons body. The grandson belongs to the delta Kappa Epsilon fraternity at LSU he denied that the injuries were from hazing. But the grandfather knew better because he pledged UK e five decades ago, he contacted the national office which closed down the LSU chapter east Baton Rouge district attorney Hillar Moore praised the move. You would think that people would have heeded that warning that bad things can happen. When you folks as Louisiana legislature pass, tough new penalties. Hazing after the death of a fly. Delta Theta.

president President Donald Trump US China Bloomberg Trump Bloomberg Greg Dave Wilson Dave Bloomberg Trump Angie DC Dave Newmont Mining Kraft Heinz smucker Louisiana Beijing Barrick Gold
"dave wilson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:14 min | 3 years ago

"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 Bloomberg IBM TSA Florida Comcast Tampa markets editor Charlie Joe Weisenthal Proctor editor New York
"dave wilson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:53 min | 3 years ago

"dave wilson" Discussed on Bloomberg Radio New York

"It's time to bring in Dave Wilson, Bloomberg stocks columnist and blogger mlive go on the Bloomberg remember to send Dave an Email at dwilson at Bloomberg dot net. Sign up for his daily free Email newsletter. Dave Wilson, shall we begin with the railroad industry? Sure, if you're so inclined, and then when you look at the main industry groups in the S and P five hundred they're all higher, even well Union Pacific is up nearly ten percent right now. Right. Knee industrial stocks leading the way. And of course, you know, you can fit Union Pacific into that category. So, you know, it's all about this concept that hunter Harrison brought to the industry, you know, how to be more efficient and it's played out across north. America. Canadian national is one of the railroads that he ran and the second in command there Jim VERA just came out of retirement to take over as the chief operating officer at Union Pacific, which has indeed adopted this strategy. So you're talking about you know, one man being worth something like ten billion dollars. When you look at the rise in Union Pacific's market value today. It's up nine point seven percent stock is right now. So it just goes to show you how valuable bringing in someone that worked directly with hunter Harrison can be for railroad. If we broaden out for a second because we are seeing a broad based rally and extensively this is. Because there is optimism around the US and China coming to sort of some sort of trade agreement is that really what's going on here. I mean are people really just getting hope from the idea that talks are happening? Well, I mean, there's no doubt there's part of the mix in that. We have seen a whole lot of back and forth. And no doubt. There's going to be a whole lot more back and forth before any kind of agreement emerges mean what you can save for the moment is that what you're looking at today is very much a continuation of what we had yesterday so broad-based advance ill with industry groups, pretty much participating mega said utilities, overcoming another decline in PG. And I couldn't help noticing after our discussion yesterday what happened to that company's debt rating. We can we talk about the oh, go ahead. Okay. So yesterday, we were talking about how it's kind of crazy that it's an investment grade rated company today. It is no longer an investment grade close as downgraded by what six notches, I believe I into Junkins putting it on watch for further downgrades bonds absolutely plunging right now. Although again as we talked about yesterday wasn't this obvious yesterday. I mean, honestly, and this sort of raises the question of beyond just a balanced. Cashflow issue. What other risks are there where people where you can have a company that just decides to file for bankruptcy. Even if this is for a political reason, the reality is often see isn't solvency true enough. But then there's the bigger question of, you know, to what extent might the state step in and help out the company what a thing for the brand. New governor Gavin Newsom to have to deal with these sworn in yesterday, and he's already got this issue stereo renting a face. So, you know, that's no doubt part of the thinking and the issue just to lay it out there. The issue is that wildfires in California northern California, specifically not only this year. But in previous years have created a large liability anywhere from twenty five to thirty billion dollars in that liability would necessarily be born by the company, but because of the size of the liability and the viability of the company the state as you just described may have. To play some kind of role in this exactly you to put those numbers in context, you're talking about P genie's market value as we speak is about nine billion. So you're talking about twenty two billion dollars of debt. So try to square that math here. Well, we'll put it all together. You can see the challenge that they're facing course. It's an exception at this point. It's not the rule. Right. And it is a regulated. I mean, it's a rate regulated company. So if you want to apply private industry metrics, you have a tough time because they can't just go out and raise rates in order to cover this liability now because it's all up to what the regulators will let them do. And of course, that plays into the whole question of what's this company going to look like going forward, given the extent of the liabilities stock traders care at all about President Trump's speech that we're going to hear about the wall. Well, it will be something to modern to pay attention to. But is it going to change things in any meaningful way? Perhaps. Not because you know, if it was really something that they were focusing on. You wouldn't see the kind of gains that you have today and really across the board gains. So that tells you at the very least what we've seen over the last couple of months in terms of share prices coming down has given some people enough of an incentive to step in and buy at this point that hey, they don't even have to wait for the fourth quarter results to show up from companies. They want to get ahead of you definitely have that going on here. He had a note today from Danaher, formerly the company of Larry Culpepper. Who is now the chief executive of GE Danaher saying that they look at fourth quarter earnings per share at or near the high end of their prior forecasts. And also General Electric shares moved higher once again up one and a quarter percent. Yeah. That'll be the real question is to what extent has the drop in share prices kind of justed for what may lie ahead. You know, because because Mike Wilson is strategist over more than standard was talking about how his idea that we're going to get an earnings recession this year couple of quarters of lower profit from the S and P five hundred is already built into share prices. So if indeed companies are able to deliver profit growth than you would think that there's room for them to rise. And that may well be playing out as we speak in terms of how stocks are doing. Dave Wilson, Bloomberg stocks editor columnist and blogger mlive go on the Bloomberg. Thank you so much for being with us a couple of other notes, Goldman Sachs putting out research. If they now see the peak of ten year treasury yields already having been made for the US, so definitely kind of a bearish view or a longer term growth. And also, we work. We didn't talk about we work. I love this. It's rebranding itself as the we company. Highlight. They're the real estate at SoftBank is not investing as much in them as they had previously expected bonds are completely falling bed right now. Anyway, let's head over door. Dan when studios in Washington.

Bloomberg Dave Wilson Union Pacific hunter Harrison US Gavin Newsom California Danaher America Goldman Sachs Jim VERA chief operating officer Mike Wilson SoftBank General Electric President Trump GE Danaher Dan
"dave wilson" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:27 min | 3 years ago

"dave wilson" Discussed on Bloomberg Radio New York

"A look at some of the shares. Overseas trading here in the United States, the ADR's Dave Wilson, the market drivers. Dave. Hi, john. Yeah. Merican depositary. Receipts are rising along with US shares. Yes, NPR index is up three percent and the S and P by her is higher by three and a half percent. Journeys buyer has gained seven percents in US trading. A US district. Judge limited evidence to plaintiffs can present in cases, alleging the chemical makers weed killer roundup caused their cancers. Now buyer bought round up as part of a takeover of Monsanto last year. ADR's of steelmaker's are higher after a well received US employment report lifted commodity prices Luxembourg based arcelormittal has gained two arrests. Eight point two percent. Brazil CSM has risen six point two percent. And this has added nine and a half percent on the other hand while gold-mining ADR's lower along with the precious metals. Price. Canada's Goldcorp is down two point one percent in South Africa's AngloGold Ashanti has fallen three point eight percent in Germany's ProSieben sat one media has lost two point eight percent share price. That's for the media company will cut Morgan Stanley and a local firm independent research. Both firms cited concerned that the company's broadcast television business may falter John. Are you see folks Dave says at the right way buyer European? Leonard again up eighty-five points. The Dow up seven hundred ninety two points, NASDAQ right now up two hundred seventy six points. Dave, thanks a lot. And we check the markets for you. Every fifteen minutes of trading day right here on Bloomberg radio. I'm John Tucker. That is a Bloomberg business flash. Thank you. John Richardo Jetta is an army veteran and a West Virginia state Senator who lost his bid for US house seat in the midterms. He's one of the first Democrats to announce that he will definitely seek his party's nomination for president in twenty twenty and he joins us now. Welcome to the show. Thank you for having me. Well, why do you want to run for president in what will be such a crowded field with a lot of big names from the democratic orbit? Well, I think I differ in terms of a candidate than the people that are going to be in this crowded field. You know, when I was running for congress over the course of nineteen months, we received lots of phone calls, and and and things of that nature. Of people, you know, e mails letters that talking about the issues that they have in their areas and the problems that we face in southern West Virginia are the same problems that people face in Kentucky the same problems. They face in Flint, Michigan, the Bronx, New York south side of Chicago and even places like in the Silicon Valley. I mean, I recently went to Facebook headquarters is located and it amazed me where the working class citizens of Facebook. You know, they're sleeping in their shuttle buses at night because they can't afford to drive home to see their families because they live too far away because they cannot afford to live close in close proximity to where they work, and that's what's you know. It's just problems that are problems that are going on all across this country. And I think it's time for somebody. That's going to actually run for the presidency of the United States of America. That's going to put those issues, you know, up front for change you initially for while at least supported. President Trump for president in two thousand sixteen why? Well, I supported Bernie Sanders, and then it was stolen in West Virginia. And it wasn't just west. There was a few states that did that as well where they gave it to Hillary Clinton. Bernie Sanders want all fifty five counties in West Virginia. But at the end of the day, they gave it to Bernie Sanders to Hillary Clinton. Hillary Clinton was talking about job training in West Virginia of jobs that do not exist in West Virginia. So you get the training, and then you basically have to relocate your family to some other state, you know, as much as the things Donald Trump was saying that I definitely disagreed with and some of the disrespectful things that he was saying at the end of the day, I'm from Logan West Virginia, and I live in the coalfields. And when the coal industry is down everyone struggles people cannot afford to shop in mama Bob stores. So they shut down, you know, people can't afford to buy cars. People can't even afford took purchased and pay for funerals. It's cremations for everybody during these times, and Donald Trump was the one that was. Coming down there saying I'm gonna do everything in my power to keep you guys working. And has it has it really came through in most cases, it really has. There have been an uptick in coal. But you know, I I'm just going to tell you. It's nowhere near what people thought and since then we have seen nothing more than an absolute circus in Washington DC. And I think that it's time for us to change directions and start to look at things. It's going to help our people we just gave one point seven trillion dollar tax break to the top one percent and that money, right? There could have elevated every child in this country out of poverty for the next twenty years where our priorities. Senator Elizabeth Warren who announced a presidential exploratory committee has twelve and a half million dollars left over from her Senate campaign Senator Kirsten gillibrand has about ten and a half million. Are you going to be able to raise that kind of money to compete with these people? Well, you know, I don't think I need that much money to win a presidential campaign. I'm gonna do what I can I'm going to travel this country. I'm gonna drive across this country. There's not going to be a file for state in terms of the Jetta for president campaign. I'm going to go out there. I'm going to put boots on the ground. I want to meet with people. You know, I'm the guy that can relate to the working class citizens. They can't you know, they have no concept of what life is like to the average person out there. That's trying to put food on the table. You know, many of these people that right now are going to put their name in this hat to run for the presidency of the United States of America. They're going to sit there and they're going to say that they're going to fight the opioid epidemic the opioid epidemic. That has absolutely gave them a countless amounts of funding in terms of. Their their campaigns. Don't tell me you're going to fight the opioid epidemic. But yet you sit and profit from it unacceptable. I'm not scared to call these people out I'm different than any other person. That's gonna run you're not gonna find anybody. There's more fiercely supportive of labor than I am very very quickly. We've got less than a half minute here. I know your interest in West Virginia coal of but isn't that out of step with the Democratic Party in terms of trying to find alternative sources of energy? All I support the green new deal. I just want them jobs to come to West Virginia and Kentucky and places like that. Now. So we can start transitioning these coal miners. Don't walk in to a place like West Virginia and pull the plug and don't give those people the ability to continue feeding their families, WalMart and Dollar General are not going to suffice we deserve better. So let's bring those green new deal jobs to West Virginia to Kentucky to Flint, Michigan and places like that and start giving these people the ability to transition and feed their families. If we could do that. Then I am one hundred percent on board. Let's. Do it. Thank you for being here. That's Richardo Jeddah. He is running for president in twenty twenty and coming up on Bloomberg politics, policy, power and law. The federal courts will be running out of money next week. We'll find out what will happen. But first, let's.

West Virginia United States president President Trump Dave Wilson Hillary Clinton ADR Kentucky Bernie Sanders Bloomberg Logan West Virginia NPR America Michigan Facebook Monsanto John Richardo Jetta Senator Elizabeth Warren congress
Nvidia shares turn positive after Citron buys stock

Bloomberg Markets

00:59 min | 3 years ago

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 Oliver Apple Invidia Editor
Bloomberg, President and United States discussed on Kevin and Bean

Kevin and Bean

00:18 sec | 4 years ago

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

Bloomberg President Trump United States Tesla Pimm Fox Margaret Brennan Dave Wilson Bloomberg Mr John Tucker Washington Tim Armstrong Lisa Abramowicz Margaret Brett Kavanagh Nafta CEO New York Times Tom Keene Jared Kushner
Ulta shares hit 52-week high after retailer says Kylie Cosmetics in stores by the holidays

On Air with Ryan Seacrest

00:44 sec | 4 years ago

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

Kylie Jenner United States President Trump Dave Dave Wilson Bloomberg Bloomberg Ulta Kardashian Jenner Amazon Donald Trump Jenner Cosmetics Lululemon World Trade Organization Coca Cola Washington Post ABC Dave Wilson Senator John Mccain Apple
Bloomberg, Dave Wilson and Hewlett Packard Hewlett Packard Inc. discussed on Bloomberg Markets

Bloomberg Markets

01:29 min | 4 years ago

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

Bloomberg Dave Wilson Hewlett Packard Hewlett Packar China North Korea Canada President Trump Autodesk Global Macro Strategist Vince Cigna Editor Nafta Mike Pompeo Charlie Pellett UN
Sen. John McCain to stop medical treatment, family says

Bloomberg Markets

00:21 sec | 4 years ago

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

New York City Senator John Mccain Bloomberg Justin Fox Senator Wilson Bloomberg Russell Brain Cancer Dave Wilson Bloomberg York United States Editor Washington Greg Jarrett Lisa Abramowicz SNP John Senate Jaren
Kill quarterly reporting? Some investors ring alarm bells

Politics, Policy, Power and Law

03:31 min | 4 years ago

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

United States Bloomberg President Trump SEC Peggy Collins Tesla Dave Wilson Elon Musk Bank Of Canada Brazil James Gorman Team Leader Coca Cola Doug Adr Donald Trump Rio De Janeiro New York Times Bali Company
Turkey's Markets Plunge Into the Unknown After U.S. Sanctions

Bloomberg Markets

08:45 min | 4 years ago

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.

Apple Bloomberg United States Tesla Joe Weisenthal Dave Wilson Bloomberg Bank Of England Dave President Trump FED Editor United Kingdom Charlie Pellett David Wilson Dave Wilson
U.S. and Mexico Nearing Nafta Car Deal, Sources Say

Politics, Policy, Power and Law

08:14 min | 4 years ago

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,.

United States Mexico Canada Donald Trump Mexico Mexico Bloomberg Nafta Trump Administration President Trump FED Dave Wilson Gregor Bloomberg Sarah Charlie Pelletan Texas Google ADR Scott Pruitt Germany