18 Burst results for "Dominion Bank"

"dominion bank" Discussed on TuneInPOC

TuneInPOC

08:07 min | Last month

"dominion bank" Discussed on TuneInPOC

"The reforms being proposed. Looking to the rest of what's happening in Washington, of course, the focus is going to be on the January 6th commemorations. But we could be right back into focusing on the pandemic tomorrow with President Biden's vaccine mandates heading to the Supreme Court. Is it the Supreme Court's going to hear arguments on Friday for two different administration rules both dealing with vaccines? One is requiring that companies with more than a hundred workers require those workers vaccinated or regularly tested as the second one requires workers for facilities receiving government healthcare funding to make sure that they are vaccinated. Both of these could involve millions of millions of workers could wind up impacting the percentage of people in this country who are vaccinated currently after years only at 62%. Lots of questions about exactly how the court is going to rule. We've seen them in the past knocked down things like the eviction moratorium that the Biden administration put in place say that that was overreach. At the same point, we've seen them sort of uphold some vaccine mandates at the local level against potential religious objections. So I think it remains to be seen exactly what the outcome is going to be. But this is our case that's been expedited and certainly one that's going to be watched closely. Now we got news from the Supreme Court yesterday that all 9 justices have received their booster shots. I wonder if it would be too much of a stretch to say whether that could imply where this case could be going. I mean, it's definitely an interesting detail. Of course, as judges, they are supposed to be keeping their personal opinions and preferences out of this to focus on the law and what's there. And this is the Supreme Court that does translate conservative at that part of that means that the court's not particularly inclined to be granting the U.S. government powers that it doesn't have. And this would ultimately be implemented through the Department of Labor through osha as a safety standard. And it's really a question whether or not the law allows us to do this. All right, Bloomberg government reporter Emily Wilkins with us this morning from the nation's capital where, as we've been reporting, the focus is going to be on the commemorations marking one year since the riot, the insurrection at the U.S. capitol. Stay with Bloomberg radio throughout the day. We're going to be bringing you President Biden's remarks from Capitol Hill. There are scheduled for 9 a.m. Wall Street time. We will have live coverage of the president's speech that at that moment right here on Bloomberg radio. And of course, you can read more about all that's happening in the nation's capital. On Bloomberg dot com or on the Bloomberg terminal and listen to Bloomberg radio in Washington at Bloomberg 99 one. And one O 5.7 FM HD two. Looking ahead to the market open, we're seeing mixed action in the futures contracts with S&P futures down a point right now. Dow futures up 70. NASDAQ futures are lower by 70 points. The ten year treasury is down 8 30 seconds. The yield 1.73% yield on the two year .85%. Nymex crude is up 1.2% or 95 cents at 78 81 a barrel. Comics gold down a percent and a half down $27 40 cents at 1797 70 announced Bitcoin, 42,000 $870. Bloomberg surveillance up next for Karen Moscow. I'm Nathan Hager and this is Bloomberg. Influential conversations from Bloomberg television. Here's Anna Edwards. Joining us now with the market's perspective. Toronto dominion bank senior European rates strategist, aputure really good to speak to you. We've been talking a little bit about what's been driving yields higher. And it's interesting in the context of all the concern that all the things that could be holding us back, all the things that could be worrying us around the omicron variant. Maybe the market is looking through that. But mark making the point to me earlier that the steeper curves that we're seeing, I'm thinking here about treasuries, but perhaps it applies in other places as well. The steeper curves is not a sign of a huge amount of optimism. It's about technicals. It's about corporate issuance, and it's also about fear around inflation. What do you put the higher yield environment down to? The entire environment is more like a seasonal driven where we see every year we started in the financial optimism and we have extreme high levels of supply coming across for whether we are looking for AGVs or we are looking at corporate supplies. So that is definitely adding to the seeking bias that we are seeing in curves across countries. And also given the fiber in December, we didn't have central banks actually addressing the end of their policies. And I think right now markets have started to reflect that. And that's where you are seeing markets reassessing the letters that people call. Here, more conversations like this one on Bloomberg television, streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings. Broadcasting 20 four hours a day at Bloomberg dot com on the Bloomberg business app. And at Bloomberg quick take. This is Bloomberg radio. The good news for investors is this bull market probably does have some legs. The fed and the power put are very real. The rotation and reflation trade it is an invite to repeated whipsaw. There will be much more pressure and much more focus on active management as the type of return potential comes down a bit. We're going to need someone to actually be making decisions if you want to navigate what could be a very treacherous 2022. This is Bloomberg surveillance with Tom Keene, Jonathan farrow, and Lisa Abraham always. A warm welcome to 2022 from New York City for our audience worldwide. Good morning, good morning. This is Bloomberg surveillance live on TV and radio alongside Tom Keane and Lisa Abraham, it's I'm Jonathan farrow. Your NASDAQ lower again, Dan 67 on the NASDAQ 100. Tom Keane, Dan full tenths of 1%. Marcus on the move and it's really on to me the equity markets today, John. It's much more the bond market. I think we need scope and scale, John on the real yield. This is the ten year inflation adjusted yield from the deaf John. You do this because of your property Friday afternoons at one ish Jewish p.m., negative 1.20, and we've leaped left China out to where we are now negative 0.83 in pandemic level beginning advent Valentine's Day of 2020 is a negative 0.60. How far we've come, how fast. It's Valentine's Day, your marker for all of this, Tom. 14th, going through the bond market. And this as well. Negative 83 from negative one point something, we move 20 basis points and we move quickly. The move that's quick is the issue here to me. The idea that we've got a speed of pace and it seems to have momentum where all of a sudden the real yields are becoming much less negative and as George Sarah bellows have Deutsche Bank said this morning, this really holds the key to risk appetite this year. If the fed does double down on reducing the balance sheet, does want to your point from earlier in the show, John, does want to disrupt markets a little bit more just to tighten financial conditions enough to be a transmission into the economy, or Marcus prepared for that. I don't know, and Lisa, before we run away from this, I think we've got to go back to a question you and I talked about in the previous hour. What did we hear yesterday that we did not hit on December 15th? Why was this reaction in this market so much more violent than what we saw a month ago? The detail about the balance sheet reduction that they could move sooner and that they could move more quickly in terms of reducing the overall size, the pool of assets that they hold on their books was notable and was significant and it indicated a more widespread belief that they needed to move toward this type of policy sooner rather than just a number of outliers like Jim bullard. And shout out to people like Muhammad Al Arian Tom who came on in the summer of last year and said, let's

Bloomberg President Biden Supreme Court Biden administration Bloomberg government Emily Wilkins Karen Moscow Nathan Hager Lisa Abraham Jonathan farrow Anna Edwards Toronto dominion bank Tom Keane
"dominion bank" Discussed on TuneInPOC

TuneInPOC

07:45 min | Last month

"dominion bank" Discussed on TuneInPOC

"I got to push that blue button. Is it your first day? It is. And you have to push the blue button to get sound coming through and Tom king taught me that. But anyway, come here, we're going to talk a little energy, see what's going on with the build back better plan. Plus CJ fellini managing partner at no yak capital and CEO of gateway garage partners to talk about real estate investment, supply chain FinTech, all the good stories for 2022. But first, let's get a great Jared a Bloomberg news and see if he pushes his glue button on. We'll get a bloomer business flash. We'll see mine's clear and it turns green. It's the red button that I favored because when the Red Buttons on, that means I don't have to talk. But the S&P is weaker right now, the sell off in tech is extending. It extended to Asia as a matter of fact earlier, but mostly spared Europe the stock Europe 600 index traded near a record while the gauge of Chinese names listed in Hong Kong fell to a 6 year law maybe because they're cutting off flights from everywhere, just about. Tencent was also under pressure after pairing its tech investments mid Beijing's regulatory crackdown. S and P is down two tens of percent down 7, the Dow is up two tenths of a percent of 69. And the NASDAQ is down 9 tenths of a percent at a 133 at the ten year is down 8 30 seconds the year 1.67%. West Texas intermediate crude is up 1.6% is 78, 21 a barrel comics gold is up one half of 1% at 8 23 20 and ounce. The valerian one 1594 the Euro bell of £1327 a dollar 35 to 66. A source is telling us that Toronto dominion bank is the latest financial institution looking to tap the red hot U.S. corporate bond market as companies look to borrow before, yields rise further. The lender is selling bonds in as many as 5 parts. The source tells us the longest portion of the offering a ten year security may yield between .95% and 1% above treasuries. That's a Bloomberg business flash Bloomberg markets continues now. Taylor Riggs and pulsing. All right, blue button pushed. We are on the air. I'm looking at WTI crude oil, up another 1.6% at a $78 25 cents a barrel. I really gets my attention here. Markets obviously discounting supply demand dynamics there, but oil pushing higher here on presumably expectations of a reopening global economy. On the other side of this append epidemic, but this really interesting to focus on. Right now, let's just check in with Leslie buyer. She is CEO of energy workforce and technology council. Leslie, my Friends down in Houston, they're very happy with oil prices here pushing $80 a barrel. What's your call on kind of the global energy markets here? Is this kind of a level we're going to see for some time? We certainly hope so, Paul, we're really looking at the latest omicron demand crunch of something that's going to be hopefully and contained to the first quarter, looking like markets will be stable again than for the rest of the year. I'm really seeing some positive signs for that. So it does make us happy during Houston to see some stability in the market. So I'm pretty bullish on that. It's interesting though, you know, I think in the past, the U.S. oil producers would have been tempted at 77, $80 a barrel, but they've been so focused as Paul has been educating me on free cash flow and fiscal conservatism, if you will. Do you see that continuing or do at some level these prices get really tempting? I think you're exactly right, Taylor, there's a lot more capital discipline within the industry, especially with the publicly traded companies. I mean, they are required at this point to return to have some positive cash flow, some free cash flow returns. Money back to investors. But we are still seeing production growth. We have demand for energy certainly for U.S. LNG that we see needed so significantly right now in Europe and Asia. And so that production is going to continue to grow. You'll see it primarily in the privately held companies. They don't have the same constraints and the issues with access to capital. So you're going to see a lot of growth there with a privately held company. But the publicly traded ones certainly are looking more at being having more disciplined fiscally. What are the folks in the oil patch doing in terms of labor? Because we've seen it across the economy. So many parts of the economy finding it very difficult to find the labor and I would think that might also be an issue in the energy patch as well. It's true. Paul, we are really needing to hang on to our workforce and we're experiencing the same issues across the country as many other industries. However, the energy industry, unlike others, we have got to have the talent that is going to bring the technology and innovation for lower carbon energy production and we are in a war for that talent right now. The industry, as you well know, is not perceived in the best light. And so it's on us to really talk about what we do within oil and gas to produce it more cleanly, more efficiently and in a safe way. And what natural gas really can do to assist with climate challenges, especially as we export that to our allies. Let's talk about that a little bit more. I think we've been watching the European gas market and been shocked by the prices and maybe the frustration that we know that we want to pivot to cleaner energy, but the way in which we do so has to be reliable and we've seen that market may be a little bit disrupted because of the wonkiness of that transition. How do you ensure a smoother transition here in the U.S.? That's right. What you have to do is to look at the reality that the energy transition absolutely is in play and it's coming. But anyone who thinks that we can immediately transition off of oil and natural gas shows a fundamental, unappreciative of the just the dynamics and the scale and complexity of the global energy system. There are geopolitical constraints and we can talk about OPEC and how they regulate the market. We need to talk about U.S. LNG and how important that is to our national security. But what we've seen in Europe is a rush to move too quickly into not focus on using fossil fuels more cleanly and using them as a reliable affordable fuel source. And now we're not achieving climate goals over there by having to go back to coal fired power plants. Coal fire plants are still being built every day in China and in India and we see some places in Europe having to go back to that. We need to rely on U.S. LNG and that is cleaner and better for the U.S.. Leslie, thank you so much for joining us, giving us the latest view on the global energy space. Leslie Bayer, CEO. Of energy workforce and technology council talking about global energy and again, WTI crude oil, $78 a barrel pushing up to that $80 level again. I'll put another 1.5% today. So when you're talking commodities like oil, it is supply. It is demand and OPEC and the U.S. shale producers are holding that supply pretty steady and presumably demand going

CJ fellini yak capital gateway garage partners FinTech Toronto dominion bank Europe Taylor Riggs energy workforce and technolog Tom king U.S. Leslie Tencent Bloomberg news
"dominion bank" Discussed on TuneInPOC

TuneInPOC

09:43 min | Last month

"dominion bank" Discussed on TuneInPOC

"Routing and access to their powerful trader workstation web mobile and API trading platforms. Joint clients from over 200 countries and territories to invest globally in stocks, options futures four X bonds and funds from a single integrated account at the lowest cost at IBKR dot com. You're never completely ready to adopt a teen. Her late nights, writing English papers. Are your teens music taste? For dinners, where they talk more on their phone than with you. For the first time, they call you mom. You're never completely ready to adopt a teen, and you can't imagine the reward. To learn more about adopting a teen, visit adopt U.S. kids dot org. Brought to you by the U.S. Department of Health and Human Services, adopt U.S. kids and the ad council. Influential conversations from Bloomberg television. Here's Anna Edwards. Joining us now with the market's perspective. Toronto dominion bank senior European rates strategist, who's a really good to speak to you. We've been talking a little bit about what's been driving yields higher. And it's interesting in the context of all the concern that all the things that could be holding us back, all the things that could be worrying us around the omicron variant. Maybe the market is looking through that. But mark making the point to me earlier that the steeper curves that we're seeing, I'm thinking here about treasuries, but perhaps it applies in other places as well. The steeper curves is not a sign of a huge amount of optimism. It's about technicals. It's about corporate issuance and it's also about fear around inflation. What do you put the higher yield environment down to? The entire unit volume is more like a seasonal driven very few every year we started of the financial optimism and we have seen high levels of supply coming across for whether we are looking for we are looking at corporate supply. So that is definitely adding to the shipping bias that we are seeing in curves across countries. And also given the 500 in December, we did have central banks actually addressing the end of their policy and I think right now markets have started to reflect that. And that's where you are seeing market reassessing relevance that people go. Here, more conversations like this one on Bloomberg television, streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings. Okay. Markets, headlines and breaking news 24 hours a day at Bluebird dot com, the Bloomberg business app and both quick take. This is a Bloomberg business flash. Probably big European headquarters in London and Caroline Hepburn with this Bloomberg radio business flash. So the markets are squarely focused on the FOMC minutes that showed officials want to start balance sheet run off sooner than had been expected. Overnight swaps markets now betting 80% on a 25 basis point interest rate rise in the U.S. in March, three hikes now seen from the fed this year. What has that done? It has led to a sell off, particularly in tech stocks, but more broadly, the S&P 500 Index slumped 1.9% of the closed the biggest drop in more than a month, the NASDAQ tumbled, 3.1%, and now futures are very much in the red, dropping 2.1% for the Euro stocks 50 future so Europe really playing catch up with the Wall Street story S and B 500 evenly futures currently down half of 1%. U.S. benchmark yields are rising steadily but surely one spot 7 three three on the ten year are by two and a half basis points right now. You have a bid for the dollar up by a tenth of 1% on the Bloomberg dollar spot index in the yen trading at one 1587, also stronger two tenths of 1%. In markets in Asia, pretty much all in the red MSCI age of Pacific index down by 1.6% Nick 82 5 down 2.8%. Oil prices this morning are trading down by 9 tenths of 1% $7 14 for doti crude futures and Bitcoin also now down 1% $43,160. That's a Bloomberg radio business flash that is the angle with more and what's going on around the world hylian. Caroline good morning and thank you. North Korea says it tests by the hypersonic missile yesterday as it continues to develop nuclear capable weapons, state media say the missile precisely hit a target 700 kilometers away, adding that it was the second successful test in September, the test came days after leader Kim Jong-un indicated nuclear talks with the U.S. were a low priority for Pyongyang. Now Italy is to make jabs compulsory for people over 50 and will further reduce one unvaccinated people can do. That's after COVID cases rose to record levels. Meanwhile, president Macron is under pressure after France suffered Europe's highest ever daily COVID count. Yesterday, with more than 320,000 cases, and finally, this month's Grammy Awards show has been postponed because of surging coronavirus cases over in the U.S., organizers of music's biggest night of the year say the omicron variant means there are simply just too many risks. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries, and Leon guerin's, this is Bloomberg, Tom. Leon, thank you. Okay, the contrast between the UK and Europe's handling of the surge in COVID cases and the response in Asia is growing starker here, Boris Johnson is betting the UK can ride out the omicron wave without tightening restrictions and is in fact easing, testing rules. Meanwhile, Hong Kong is imposing strict new virus control measures and China is enforcing strict lockdowns to keep outbreaks under control and while the latest Tai Chi PMI index shows China's services sector expanded in December concerns our mounting over the impact of COVID curbs on that country's economy to discuss all of this were joined by our north Asia correspondent in Hong Kong, Stephen engel, good morning, Stephen good afternoon for you. How does China and Hong Kong's approach to the virus then contrast with what we're seeing here in the UK and more broadly in Europe? Well, I think he just laid it out. Tom, good morning to you. Look, Hong Kong, I can speak on behalf of Hong Kong because I live here. They want nothing to do with omicron. Their COVID zero policy, which is mimicking, of course, China's COVID zero policies has kept delta, the delta variant pretty much at bay, and we've been able to go about our daily lives. For better part of the last year, without much worry, of course, we wear masks around the city and this and that. But the social distancing requirements that we've seen around the world in the Europe and of course in the United States haven't really materialized here in Hong Kong. But you know what, they don't, like I said, they don't want to have anything to do with omicron. We had 38 COVID cases reported yesterday, 34 of them were imported. And we also had the first local case this week that officials can't trace to its source and unvaccinated man believed to have the omicron variant. So ahead of the lunar new year holiday, which begins in three weeks, there imposing these new restrictions banning dining in after 6 p.m., closing bars and gyms, crowded social venues, canceling large scale events. They're halting flights from 8 countries, including the UK and the United States for two weeks then they'll revisit it. Yeah, what is the cost of this then? I know lots of people who've had COVID over the Christmas and festive break. Are the strict curbs weighing on recovery in China in Hong Kong? Well, first of all, in Hong Kong, they're in a tricky situation because yes, we have not had big outbreaks, but this city has a low vaccination rate relative to other developed economies. One of the lowest in the developed economy world, 62% of this population have double vaccinations. And just 22% of the over 80 population is vaccinated. So they're really concerned that omicron could really spread like wildfire here in particular because the sinovac vaccine, which about half of those who are vaccinated the year have received and has not proven to be as effective as BioNTech or other mRNA vaccines. Against omicron, they're really worried. So there is going to be a hit on GDP. There is going to be hit on consumption if it goes beyond those two weeks. That, according to Bank of America, report that I got in my inbox this morning, China, how much time do we have to talk about that? I mean, I think oil demand already showing that it's plummeting. IHS market has further lowered its projection for first quarter oil demand in the world's biggest importer of crude by 420,000 barrels a day. People aren't moving about in Xian. They're locked up in their homes essentially. And also ahead of this lunar new year holiday, the NDRC, the top planning body in China, is urging people don't travel very far. This lunar new year holiday. Gosh, I mean, it's quite a contrast, isn't it? What an experiment that we're all going through. Steven, thanks so much for your time. Stephen engel there, north for Asia correspondent in Hong Kong. Just describing the differences in life and also in the economic consequences of the COVID pandemic. Yeah, absolutely. Huge divergence between what we're seeing in China, Hong Kong versus what we're seeing here in the UK and other jurisdictions, of course, largely in the west. Okay, let's get an update of what is coming up on the show on day break Europe. Is Boris Johnson, the UK prime minister, of course, getting the balance right with his approach, talking about that divergence to omicron and

Bloomberg U.S. Hong Kong U.S. Department of Health and Anna Edwards Toronto dominion bank Caroline Hepburn Europe China Bloomberg television
"dominion bank" Discussed on TuneInPOC

TuneInPOC

08:06 min | Last month

"dominion bank" Discussed on TuneInPOC

"Jewish communal fund. I recommend that JCF to my clients to my colleagues to really anyone who asks a question about charitable giving because it's convenient. It allows you the maximum tax deductions permitted by law, and it just makes your life easier organized and simple. Another aspect for clients and for other colleagues who don't want their identities to be known or don't want to talk about the property that they're giving away to charity. I found JCS confidentiality. It's aggregate reporting to be very attractive to people. JCF can help you and your clients organize your charitable giving. With a donor advised fund, a fund can be established with a tax deductible contribution of $5000 or more. Contributions to JCF qualify for the highest tax deduction allowed by law, visit JCF and Y dot org or call 212-752-8277. With three bright minds thinking of questions. How far apart are the two Americas right now? Someone's bound to ask the one you most want answered. What defines that as the year goes on? Tom Keene, Jonathan farrow and Lisa Abramovich. How do you explain the fact that you have not seen a cheer from equity traders? Bloomberg surveillance. Will that occur within market stability? Weekday mornings at 7 eastern on Bloomberg radio, the Bloomberg business app and Bloomberg radio dot com. Portfolio analysts powered by interactive brokers help sophisticated investors understand the health of their complete financial portfolio, portfolio analyst is free and easy to use personal finance software that creates a consolidated view of banking, brokerage and credit card accounts. Compare your consolidated portfolio against more than 200 benchmarks or create customized benchmarks for analyzing performance. Calculate time and money weighted rates of return and use portfolio analysts for forecasting. Sign up for free at portfolio analyst dot com. Influential conversations from Bloomberg television. Here's Anna Edwards. Joining us now with the market's perspective. Toronto dominion bank senior European rates strategist, aputure really good to speak to you. We've been talking a little bit about what's been driving yields higher. And it's interesting in the context of all the concern that all the things that could be holding us back, all the things that could be worrying us around the omicron variant. Maybe the market is looking through that. But mark making the point to me earlier that the steeper curves that we're seeing, I'm thinking here about treasuries, but perhaps it applies in other places as well. The steeper curves is not a sign of a huge amount of optimism. It's about technicals. It's about corporate issues, and it's also about fear around inflation. What do you put the higher yield environment down to? The entire environment is more like a seasonal driven very see every year we started in the financial optimism and we have extreme high levels of supply coming across board whether we are looking for AGVs or we are looking at corporate supply. So that is definitely adding to the seeking bias that we are seeing in curves across countries. And also given the fact that in December, we didn't have central banks actually addressing the end of their policy and I think right now markets have started to reflect that. And that's where you are seeing markets reassessing the levels that people go. Here, more conversations like this one on Bloomberg television, streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings. Markets, headlines, and breaking news 24 hours a day. At Bloomberg dot com, the Bloomberg business app and at Bloomberg quick tape. This is a Bloomberg business launch. And I'm Karen Moscow, seeing a little improvement in futures this morning, NASDAQ futures still lower, but trimming declines down about 13 points S&P futures. Little changed in down futures are up 41 now. The decks in Germany is down about 1%. The ten year treasury down 7 30 seconds yield 1.73%. They yield on the two year .85%. Nymex crude oil is up 6 tenths percent or 44 cents at $78, 31 cents a barrel. Com X gold down 1.7% on $30 90 cents, a 1794 announce. The Euro 1.1318 against the dollar British pound 1.3527 and the ends at one 15.87 and Bitcoin this morning moving lower at $42,700. That's a Bloomberg business flash. Now here's Michael Barr with more on what's going on around the world. Michael good morning. Good morning, Karen. Chicago public schools classes are canceled again today after the teachers union and CPS officials failed to reach a deal. The union voted to switch to remote learning until January 18th due to COVID, but city officials maintain in person learning remains essential to student success. Russia pledged to send troops to quell deadly protests in Kazakhstan. Police say dozens of anti government protesters were killed by security forces and officers were killed after Kazakhstan's president ordered an operation to put down the demonstrations. Australian open champion Novak Djokovic has been denied entry into Australia. Federal officials overruled a state vaccine exemption for the tennis star that sparked a national uproar. In the NBA, Kyrie Irving made his return as the Nats down the pacers one 29 one 21. The Celtics wizards and warriors all lost. Global news, 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts more than a 120 countries, Michael Barr, this is Bloomberg Nathan. Michael, thank you. It's 5 19 on Wall Street live from the Bloomberg interactive broker studios. This is Bloomberg daybreak on this January 6th, 2022. A year to the day of a dark moment in this country, the deadly capital insurrection, one year ago today, President Biden plans to mark this anniversary with a new push for voting rights and a blistering critique, a former president Donald Trump. For more, we're joined by Greg valier, chief U.S. policy strategist at AGF investments. Greg, thanks for being with us on this morning. As we reflect on what was a very dark day for this country, the polarization doesn't seem to have gone away over the last year, has anything changed since January 6th. Well, regrettably, Nathan, no, I don't think a lot has changed. Trump still has tremendous support within his own party. He gets to choose who are the nominees and a lot of key races. I do think this committee investigating the riot may come up with some proposals like changing the electoral vote count. Maybe even referring this to the Justice Department for prosecution. But at the same time, I don't think that there will be dramatic changes coming out of this very ugly, ugly day. From what we understand from The White House, President Biden, when he speaks later this morning from the U.S. capitol is going to point the finger at former president Trump calling him singularly responsible for what happened on January 6th. What could a pivot back to focusing on former president Trump mean for this current presidency? Well, this current president is in real trouble. Probably going to lose the house in the fall. Under fire for his handling of very confusing rhetoric on COVID under fire for inflation under fire for immigration, urban crime, you name it. So the Democrats need, I think, something to rally around. And there is that three hour period, Nathan. During the riot where Donald Trump apparently just watched television happily looking at the rioters thinking that maybe there was still a chance he could retain the presidency. There's a lot of emails that would confirm that and I think that the Democrats will try to get those

Bloomberg television Tom Keene Jonathan farrow Lisa Abramovich Bloomberg radio Anna Edwards Toronto dominion bank Michael Barr JCS Karen Moscow
"dominion bank" Discussed on TuneInPOC

TuneInPOC

01:45 min | Last month

"dominion bank" Discussed on TuneInPOC

"Edwards. Joining us now with the market's perspective. Toronto dominion bank senior European rates strategist, who's a really good to speak to you. We've been talking a little bit about what's been driving yields higher. And it's interesting in the context of all the concern that all the things that could be holding us back, all the things that could be worrying us around the omicron variant. Maybe the market is looking through that. But mark making the point to me earlier that the steeper curves that we're seeing, I'm thinking here about treasuries, but perhaps it applies in other places as well. The steeper curves is not a sign of a huge amount of optimism. It's about technicals. It's about corporate issues, and it's also about fear around inflation. What do you put the higher yield environment down to? The entire unit environment is more like a seasonal driven we see every year we started in the financial optimism and we have extreme high levels of supply coming across for whether we are looking for us or we are looking at corporate supplies. So that is definitely adding to the seeking bias that we are seeing in curves across countries. And also, given the fact that in December, we did have central banks actually addressing the end of their policies and I think right now markets have started to reflect that. And that's where you are seeing market reassessing relevance that people go. Here, more conversations like this one on Bloomberg television, streaming live on Bloomberg dot com and on the Bloomberg mobile app. Or check your local cable listings. Markets, headlines and breaking news 24 hours a day at Bloomberg dot com the Bloomberg business app and blooper quick take. This is a Bloomberg business flash.

Toronto dominion bank Edwards mark Bloomberg
"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:31 min | 4 months ago

"dominion bank" Discussed on Bloomberg Radio New York

"There's not much of a surprise with respect to what the fed is going to do. So I have 75 or a hundred They had the opportunity several weeks ago to go the hundred basis point option, but they quickly swatted that one away. 75 basis point hike is more than priced. If I take chair Powell seriously, the fed clearly has to fight inflation. Whatever it takes to bring inflation down. Some of this is messaging. Whether they like it or not, whether markets like it or not. Jerome Powell has made that very clear. What is going to be far more interesting is what the fed, what Powell says about what the future path of rates looks like. Key focus, I think, is going to be on the signaling for the upcoming meetings, less board guidance or more uncertainty. We're not expecting big forward guidance from the fed. We are 15 minutes away from that fed decision. And here is your price section of the equity market. Good afternoon to you. The S&P 500 positive by 1.3%, the NASDAQ 100 positive by 2.6%, the bottom for the year intraday, the day after on the NASDAQ after the last fed meeting. Just think about that. The day after the last fed meeting in the bond market, the highs on twos and tens, the day before the last fed meeting. So since then, we've been talking about peak fed hawkishness. We've been fading a lot of that story and we've been buying into this equity market. It was on a ten year now, two 76 48. The higher the year very close to three 50, the higher the year on a two year three 45, we've come all the way back in just north of 3%. But we've done much more work on the ten year. So you've got that inversion led by that drop in a ten year yield. That's now negative 30 basis points. And our guest in just a moment is looking for maybe negative 40 and a whole lot more. I wanted to check in on Euro dollar. The wide pretty clear, because the last time the ECB met, they threw in the towel on forward guidance. You wrote a dollar one O one 29 and I wondered someone that means for the forward guidance from this fed today as they set us up for September. Jonathan outside baseball, but dollar yen I want to notice weaker across the morning across the arc of the day as well. Yen gave way about three hours ago. It's 8 K the cameraman has walked away from me. So I'm going to walk away from you as well. Okay, well, that happens because you don't see afternoon in the morning and we're like, you know, we're doing a fed meeting here with some terrific guests. I'm not going to go into the logarithm right now of how you do this chart, but all you need to know is the chart of the year, it is the first and second derivative of curve inversion Priya. We've seen it once, maybe twice in 30 years. Let's start with the why. Why are we seeing the rapidity of curve inversion in 2022? You know, thanks for having me. I think it's because the market is pricing in slowing of growth and the fed that's indicating that inflation is much too high and they have a single mandate right now. And so I think that front end is just going to struggle to price in a lot of cuts. There's a different threshold for the fed to stop hiking to start cutting. And so I think that even if we start pricing in the end of the hiking cycle, three 75 or 4% is as we believe. It's hard to think that the fed is going to turn on and cut right away. But the long end, that's the safest part out there, because I think growth is going to slow down those rail rates are very high. And that's where I think investors are flocking because we're seeing growth slowing down and this fed. I think is responding to realized inflation. And I think that's the issue right now. We'll keep keep in voting in our view. What does a mister curve inversion of negative 42 basis points mean to the Toronto dominion bank to the JPMorgan Michael for alles JPMorgan? What does that magnitude of inversion mean to our banks? So I'm not a bank analyst, but normally inversions are a signal of slowing economic activity in the long end. Over time, it's a function that fed policy might be too restrictive and that can slow things down. So I mean, I think it has broader economic implications, certainly negative four financials, because does it mean that the consumer starts to struggle? I think that's what it's reflecting. But the fed has no choice really, because inflation is much too high. And they've decided to be not forecast dependent. So they can't actually talk about lags, because I think they can't control large parts of inflation. And there are lags in terms of what they do today and when it impacts inflation. But they're responding to realized inflation and that's why they're going to keep going. And that code keeps inverting. And I think that means it's a dire economic outlook next year. Priya is forward guidance instead when it comes to the fed as well. I think, so I think we're so used to it. I think the fed can't help themselves either. I wish they would just acknowledge that there is no forward guidance. There's an inherent contradiction between being data dependent and giving forward guidance. So I think they should stop giving it. And just explain the reaction function. And then let the data do the work, let the market move based on data. You know, everyone's asking us, will the fed pivot today? Let the data pivot for the fed. When inflation starts to decelerate on a month of a month basis, I think the fed can slow down. They've reached neutral. So I do think they're going to start to slow down. But I don't think the end of the hiking cycle is near because those inflation readings are still much too high. I wish they wouldn't talk about September because whatever they say that there's a lot of data between now and September. And I think it's kind of pointless to give us that bike. But perhaps that's the case. But they might want to push back against some of the market expectations because it's actually ending up with an easing kind of quality on markets. And I do wonder about all the prognosticators now talking about the fed. Stopping the balance sheet roll off and actually sticking with the $9 trillion on their books as soon as next year, early next year as a way to sort of temper some of the rate hiking. Do you agree? No. So I think this is where that threshold question of the reaction function becomes important. They can stop hiking at 4%. We think close to year end, they stop the hiking cycle. And then they wait for inflation to get much closer to 2%, which we only think happens in the second half before they can respond by easing policy. When they do start to cut rates, I think they're going to stop QT. Because it's very hard to be tightening through one tool. The balance sheet and easing through the other tool. But that's not early next year. I really struggled with the market that's pricing and hikes until December and cuts from February. I mean, that assumes that inflation decelerates or the fed gives up on inflation. I think there's serious about both sides of the mandate also inflation right now. Pretty miserable and Michael Farley with us on radio and television worldwide. A most important indeed historic fed meeting 9 minutes away make it 8 minutes away here in a bit

fed Jerome Powell Powell Toronto dominion bank JPMorgan Michael alles JPMorgan ECB Jonathan baseball Priya Michael Farley
"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:49 min | 4 months ago

"dominion bank" Discussed on Bloomberg Radio New York

"Pressure. Brought to you by the American Heart Association American medical association and the ad council. Influential conversations from Bloomberg television. Here's Tom McKenzie. With puget comrade CNET European rate stratus at Toronto dominion bank puja good morning. Thank you for joining us. Amid the calls increasingly that there is going to be a recession stateside an unemployment rate of 3.6% and a further 372 plus thousand jobs added to the U.S. jobs market. Good morning, yet another very strong payroll number, as you said, there is no weakness that we saw. Yes, the participation rate is going slow, but it's not strong enough for fair to slow down right now. So as you mentioned in the news as well, markets are well priced for 75 basis points of hikes in the dry meeting and another 54 September. And I think that is the key message we also got from the minutes from cintra that price to Middle East till they're mandate. But again, markets are focusing on the recession part of it. We actually put 60% probability of recession in 2023. So we are still far back with respect to recession. 60% chance in 2023 of a U.S. recession. Yes. So we do think that indicators will start slowing down, but it's going to come in 2023. So which means that fed officials will start continuing their hiking cycles, continue to sound hawkish, and I think this week's CPI report is going to be a key driver for markets again. Here, more conversations like this one on Bloomberg television, streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings. I think that ultimately the price of oil or the fed or maybe the strong dollar will lead us into a recession and when

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"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:57 min | 5 months ago

"dominion bank" Discussed on Bloomberg Radio New York

"Russian courtroom. The WNBA star was accused of having under a gram of cannabis oil in her luggage when she arrived in a Moscow airport back in February. Reiner plays for a Russian league during the WNBA's off season. New York is set to restrict the concealed carrying of firearms after the Supreme Court ruling last week that ended the state's law placing restrictions on carrying a concealed firearm outside of the home, governor Kathy hochul signed into law a new bill. The Supreme Court's decisions were certainly setbacks, but we view them as only temporary setbacks because I refuse, as I've said from day one, I refuse to surrender my right as governor to protect New Yorkers from gun violence or any other form of harm. The action now restricts concealed carry in places such as government buildings and schools. There is now a strict process to obtain a concealed carry permit and a list of sensitive places where firearm possession is illegal. Unvaccinated army National Guard and reserve members can't participate in drills. Brian shook reports. That's according to an announcement by the army. They must have an approved or pending exemption in order to take part in training that's federally funded. Thursday was the deadline for army service members to be vaccinated. I'm Brian shook. Steve and Tyler is out of rehab, TMZ says the Aerosmith singer was only supposed to spend 30 days in a rehabilitation facility, but actually stayed longer than that. Tyler had relapsed on pain medication following foot surgery when it was announced in May that Tyler was checking himself into rehab, the band canceled its residency at the park MGM in Las Vegas. I'm Julie Ryan. And I'm Susanna Palmer in the Bloomberg newsroom. Flight delays and cancellations are piling up this 4th of July weekend. The number of delays within into or out of the U.S. stands at just over 1800 today alone and of course lots of flights have been canceled too. Governor Kathy hochul signed new gun legislation, the bill hochul signed on Friday severely limits where guns can be carried and requires background checks to buy ammunition. It comes in response to a U.S. Supreme Court decision striking down New York's concealed carry law. It won't take effect until September. Alphabet's Google says it will automatically delete records of user visits to sensitive locations, including abortion clinics. We get more about that from Bloomberg's Denise Pellegrini. Susanna Google is responding to growing concerns that the data could be used to prosecute those seeking reproductive care and other personal services and Google says the location history feature on its services is turned off by default, but even if it's active, the company's policy starting in the coming weeks will be to rapidly delete records of visits to places that many people would prefer to keep private. Susanna, Bloomberg, Denise Pellegrini. Sources tell Bloomberg, Toronto dominion bank, the Canadian bank that's been expanding through acquisitions, is weighing a deal for the brokerage firm, Cowen, more from Bloomberg's Charlie pellet. Those sources say the Toronto based lender is working with advisers to study a possible transaction for cowan they say no final decision has been made and Toronto dominion could opt against pursuing a deal. Cow and shares have declined by about a third this year, valuing the New York based firm at about $667 million. Bloomberg's Charlie fell at global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Suzanne Palmer. This is Bloomberg. This is Bloomberg intelligence. The new tools that a metaverse can bring allows you to create more immersive content. To sell less oil, more electrons, research and data on 2000 companies and 130 industry. The supply chain breakdown is combining

Brian shook WNBA Kathy hochul Bloomberg Tyler Supreme Court Denise Pellegrini park MGM Julie Ryan Susanna Palmer Reiner Governor Kathy hochul bill hochul army New York army National Guard Moscow TMZ Google Toronto dominion bank
"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:58 min | 5 months ago

"dominion bank" Discussed on Bloomberg Radio New York

"Or American Airlines today are having trouble, roughly a quarter of American and 29% of Delta flights have been late in taking off. However, aviation consultant Mike Boyd said the number of travelers still doesn't top pre-pandemic numbers. We got to put things in context. We're not back to 2019 levels. We are this year going to end up about 832 million in plain passengers. That compares to 980 prior to this pandemic. So we're not back there. That makes the situation look even worse. Americans are still paying high costs for gas despite prices slightly falling, triple-A says the nationwide average price is four 84 a gallon. R. Kelly is being placed on suicide watch at the Brooklyn jail where he's currently being held, the convicted sexual predator was sentenced to 30 years in prison earlier this week. Kelly's lawyer claims he was put on suicide watch as punishment. I'm Brian schuch. And I'm Charlie pellet. That Bloomberg world headquarters. The Dow, the S&P and nesta all advanced today treasury surged after an ugly first half as weak economic data added to recession fears. Marta Norton is chief investment officer at Morningstar investment services. Right now, I think the consensus is saying that inflation is peaking, whether it's peaked now or whether it's going to peak soon. It's kind of running its course. And a recession is a risk, but it's a lower risk. And if we do see a recession, it's a more moderate recession. Marta Norton of Morningstar, at wealth, chief investment officer Patrick Armstrong says earnings will determine stock performance for the second half. If we get any semblance of guidance that's almost matched, I think that could set the stage for a rally. So I think it'll be better than the first half, but it's not going to be an easy step to have. Chlorine is Patrick Armstrong, travel demand is booming and airlines are hoping to prevent the chaos of previous weekends that saw canceled flights and staff shortages, savvy Sith is an airline analyst at Raymond James. The biggest bottleneck is on the pilot side. We've had a lot of pilot retirements during the pandemic. When you didn't know if you had was going to come back. And now that demand has come back really strong, you're trying to hire and put pilots in the as quickly as possible, but it is a longer time horizon. Savvy Seth of Raymond James airline stocks higher today, UAL up 2.9% American up three and a half percent. Sources tell Bloomberg, Toronto dominion bank, the Canadian bank that's been expanding through acquisitions, is weighing a deal for the brokerage firm, cowan. S&P up 40 points today up 1.1% of the Dow up 321 up 1.1% as well, NASDAQ up 99 a .9%. Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries. I'm Charlie palette. This is Bloomberg

Marta Norton Patrick Armstrong Brooklyn jail Brian schuch Charlie pellet Mike Boyd Morningstar investment service American Airlines R. Kelly Bloomberg Morningstar Kelly S Raymond James airline Raymond James Toronto dominion bank
"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:21 min | 10 months ago

"dominion bank" Discussed on Bloomberg Radio New York

"Danny burger Strategist at Toronto dominion bank And what happens if we get more geopolitical tension and treasuries become the acid of choice to seek a haven in Today tricky scenario especially after markets or position for very aggressive hikes I think if you do reach that situation we would see our markets actually reducing their prices of particularly a 50 basis point cycle and actually gradually down to 25 basis points Hike But I think I doubt that central banks want to let go that situation at March just given the fact that they have an expectation and they basically have created all this sense that they are going to act aggressively So I would expect markets definitely reducing the number of fights that are being priced for 2022 which is aggressive And in terms of the support I would expect more curves to just because I think we would need to see more push back from central banks so that markets can trust them that they don't start price so that they can reduce high prices We have not seen that yet Right now markets don't trust central banks And that's why I feel ten year part of the curve 30 are part of the most support and that's why you put people further flapping of the curve Here more conversations like this one on Bloomberg television streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings Earnings season continues The metaverse to Spotify to Qualcomm a meal They're sinking big time You can't do better Bloomberg breaks the numbers first Let's go is giving us downs outlook that beats estimates It's peloton Disney and Uber spies are also out with earnings And expert analysis you won't get anywhere else This is fascinating What is going wrong for meta that is going right for Twitter How much runway is left peloton really becoming a proxy for this pandemic I think there's tremendous opportunity Bloomberg television and radio the fastest numbers and analysis you trust If we impose some very heavy sanctions as I believe we're planning to do on the Russians with regards to international banking but most importantly with regards to north stream two and their ability to distribute fuel There's going to be some consequences.

Danny burger Toronto dominion bank Bloomberg Spotify Qualcomm Disney Twitter
"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:11 min | 11 months ago

"dominion bank" Discussed on Bloomberg Radio New York

"With the world's news morning Leanne Laura good morning and thank you The scale of damage caused by a massive underwater volcanic eruption in Tonga remains unclear with both Australia New Zealand sending surveillance aircraft to assess this situation The eruption on Saturday was so powerful was heard as far away as Alaska and triggered a tsunami that flooded coastlines from Japan to the United States Information on casualties in Tonga is still uncertain Now large door events can go ahead in Scotland again after a limit on the number of attendees was lifted It means sports stadiums can welcome back spectators but at least 50% of people will have to be asked to show a COVID path to get in from today booster vaccines are also required to make a pass valid and British tennis number one Cameron nori has crashed out of the Australian open in the very first round The number 12 seed was comfortably beaten by American rising star Sebastian corda and that was in straight sets and Rafa Nadal is through to round two Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts in both 120 countries and Leanne guerins This is Bloomberg And surely Leon will wait a few more in Australia but thank you so much for the update including all of the sports news too Global bond markets under pressure this morning after treasury sold off on Friday That's really the big market theme this morning U.S. ten year yields closed at the highest since before the pandemic last week that is 8 basis points one spot 7 8% on Friday Bloomberg consensus and the market now pricing in more than four fed rate hikes in 2022 Joining us now is put your camera who's seen a European rate strategist at Toronto dominion bank Put your welcome back to the program thanks for being with us Seems like markets woke up quite late day on Friday to the hawkish fed turn Yes markets are sharp for MLK day Today but global yields are very much under pressure How much higher do they go do you think Good morning Thank you so much for having me Definitely the care message could be one in 2020 We have given that we would see substantial tightening of centrist path policy across both And it's not only in fed We are basically pricing for basis points in hike by eukaryotic when they have told us they will not be hiking rates I think the global coordination will be so strong that we would see parish move to continue Engage for fed if we are true that we do get free to poorly type plus QT We do expect tenure treasures to hit the highs of 2.5 basis points by the end of 2022 Two 50 by the end of 2022 That is an interesting call on the U.S. ten year What would two 50 on the U.S. tenure by the end of 22 do for U.S. equities So that's today tricky one because what we have seen is when the treasury do hit the 2% 11 you do see financial conditions that are tightening And if that's the case it would be hard to see stocks to rally that So I think right now stocks can still have a good run just given the fact that there is a lot of liquidity impact on the less as compared to what we had expected We could see a strong in the beginning of the year But I think the more we see tightening in the second half of the year note that it won't be just fed but it will be the other Central Bank to That's where we could see stocks getting impacted And that also is the reason why we are not looking for 50 basis points hikes but from because I think they do need to keep they are aware of the fact that they don't want the financial condition to tighten too quickly Yeah This perhaps the suggestion from Bill ackman and others of a kind of shock and awe idea that you get 50 basis point rise from the fed in March Well in that case where does that leave in your view European rates And we've seen European rates following the U.S. but the ECB tried to hold off on the idea of tightening How fast a run up how fast do we get to zero for Germany yields Yes I think with ECB no matter what ECP space we have such as we said we have such a strong rate that it's hard to keep a urinary anchored if we do see fed hiking So we are looking for points to touch close to 0% by the end of this quarter And we are looking for positive to return in the U.S. space with both ending social 30 basis points by the end of the year Indeed we could see point outperforming treasuries but they can not be the baddest from treasury How are you thinking about peripheral bonds then We've seen a little bit of muted demand softer demand for Italian bonds in a more in a most recent auction Is there a concern we may get a blow out of spreads when it comes to the peripheral nations or is the ECB on hand to cap those yield still So the thing is that right now you can sort of concern regarding politics with it adding presidential elections on the retail as well as strategy addiction So yes that has been adding suspense and then class we did have a lot of issuance coming from ETB when it comes to syndication So I think that's where we did see a vigor auction But that has been markets are getting a bit nervous So you could see some widening and press But I still don't think there's a fundamental change in how these spreads just given the fact that from a credit perspective the periphery are doing really well The impact has been updated by so many of the agencies just because the economic outlook better So that's why we are not looking for a big collapse or association to have big widening moving best But yes some winding on packages have ending in March While on the idea of political uncertainty the prime minister in the UK is under pressure to resign How does that affect markets guilt Sterling the FTSE spreads right now Is it just a very short term issue Or is there a bigger concern Yes I think yes we are a lot of party lockdowns happening So I think markets right now are not reacting much to the fact that so far there doesn't seem much evidence that Boris Johnson would have to resign but clearly we are not watching very closely to get the acquired number of letters of no confidence in the prime minister that could actually lead to a vote But I think right now even the conservatives didn't get much time to figure this out And I think so far it doesn't seem that bodice is being the case But again this week is very important and especially given the fact that we do get the official inquiry reports to as well So I put you from the geopolitics of the UK or at least the domestic policies of the UK to the importance of the U.S. dollar Are we looking now at a sustained period of U.S. dollar weakness I think generally we could see a bit of choppy markets because we did see big reaction at the end of the year So I think where we are not what we are looking at is more of a dream training and some consolidation in over after the big position that would take it Okay interesting Also we expecting big bank earnings more than this week Goldman Sachs included and some of the big banks expected to hit the corporate bond market after they report their quarterly results So are you expecting a big sort of dump in terms of more short dated bonds I think what we have seen over the.

U.S. Tonga Leanne Laura Cameron nori Sebastian corda Rafa Nadal Leanne guerins Toronto dominion bank treasury ECB Australia Bill ackman tsunami Bloomberg Leon Alaska
"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:02 min | 11 months ago

"dominion bank" Discussed on Bloomberg Radio New York

"Your preferred radio app Okay the latest in global news here is Bloomberg's Liang guerins Tom good morning and thank you Here in England two teenagers from Manchester are being questioned by counter terrorism police in connection with a hostage situation at a synagogue in Texas Bloomberg's UN pots has more on the events that unfolded on Saturday The rest come after 44 year old male Faisal accretive is understood to have traveled to the U.S. from Blackburn two weeks ago He was shot there after holding four people against their will for ten hours They were all released safely and uninjured Details of the ages or genders of the pair arrested in south Manchester on Sunday evening have not been revealed foreign secretary this trust and U.S. president Joe Biden have described the incident as an act of terrorism In London I'm yum pots pinned by David Europe And on the news North Korea has fired another missile as the 2022 barrage continues the country has test launched two suspected ballistic missiles today in its fourth rocket volley this CM This is turning up the heat on U.S. president Joe Biden's administration South Korea's military said North Korea has fired what appeared to be two ballistic missiles towards the waters off the east coast Now U.S. president Joe Biden is set to meet a Japanese prime minister fumio kashida virtually this week Bloomberg's Isabel Reynolds says this comes after the spread of COVID stymied efforts to organize an in person summit A White House statement said the two would discuss issues including the free and open indo Pacific as well as climate change and COVID-19 in their video meeting on Friday The two leaders have so far met only briefly on the sidelines of the cop 26 climate summit and spoken once by phone since kishida took office in October His next chance to bond with Biden may be at a summit of the quad leaders which also include India and Australia In Tokyo Isabel Reynolds Bloomberg daybreak Europe And in France parliament has approved a bill to prohibit access to restaurants cafes and other public venues to unvaccinated citizens 16 years and older The country is switching to a new pass that requires vaccination instead of also allowing for negative tests Meanwhile Austria will impose fines on those without COVID-19 vaccinations from mid March after a transition phase that does start in February Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts symbol then 120 countries amnion guerins this is Bloomberg Caroline You so much Leanne guerin's there with the world news Now your sports update his Chris cave Liverpool manager Jürgen Klopp hinted a glimmer of hope remains in their quest for the Premier League title yesterday's three nil win over Brentford moved them back up to second 11 points behind leaders Manchester City with a game in hand West Ham's hopes of a top four finish were Delta blow as they lost three two at home to leads Rafa Benitez claims he needed to win people's hearts as well as football matches following his sacking by Everton He departs after 6 and a half months in charge with the team's 6 points clear of the relegation zone The Merseyside club are now on the lookout for a new manager having won just once in the Premier League since September Okay that is a roundup of your sport coming up on a day break Europe We're going to speak with puja kumra senior European rate strategist at Toronto dominion bank What an important day to speak to puja given what we're seeing in terms of the run up in yields stateside of course closed for Martin Luther King day but they got to around 1.78 was the last print And of course the years have been running up in Australia and Japan as well Yeah absolutely just looking at that ten year in Australia 1.925 and the pressure around the dollar on this and also for the ECB how quickly will the ECB have to move We had to comment over the weekend from ECB.

Isabel Reynolds Joe Biden Liang guerins Tom Texas Bloomberg U.S. David Europe Bloomberg Manchester fumio kashida North Korea COVID indo Pacific kishida Blackburn Bloomberg Caroline Leanne guerin UN Chris cave Jürgen Klopp South Korea
"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:47 min | 11 months ago

"dominion bank" Discussed on Bloomberg Radio New York

"Ad council Influential conversations from Bloomberg television Here's Anna Edwards Joining us now with the market's perspective Toronto dominion bank senior European rates strategist Who's a really good to speak to you We've been talking a little bit about what's been driving yields higher And it's interesting in the context of all the concern that all the things that could be holding us back all the things that could be worrying us around the omicron variant Maybe the market is looking through that But mark making the point to me earlier that the steeper curves that we're seeing I'm thinking here about treasuries but perhaps it applies in other places as well The steeper curves is not a sign of a huge amount of optimism It's about technicals It's about corporate issues and it's also about fear around inflation What do you put the higher yield environment down to it At the time environment is more like a seasonal driven where we see every year we started in the financial optimism and we have extreme high levels of supply coming across both that we are looking for at EDD or we are looking at corporate supply So that is definitely adding to the sleeping bias that we are seeing in curves across country And also given the fact that in December we did have Central Bank action addressing the end of the policy And I think raised our markets have started to reflect that And that's where you are seeing market reassessing new levels that people go Here more conversations like this one on Bloomberg television streaming live on Bloomberg dot com and on the Bluebird mobile app or check your local cable listings Okay Markets headlines and breaking news 24 hours a day at flu burn dot com the Bluebird business app simply but quick take this is a Bloomberg business flash From Bloomberg's European headquarters in London and Caroline hepar with this Bloomberg radio business flash So the markets are squarely focused on the FOMC minutes that showed officials want to start balance sheet runoff sooner than had been expected Overnight swaps markets now betting 80% on a 25 basis point interest rate rise in the U.S. in March three hikes now seen from the fed this year What does that done It has led to a sell off particularly in tech stocks but more broadly the S&P 500 Index slumped 1.9% of the clothes the biggest drop in more than a month and NASDAQ tumbled 3.1% and now futures are very much in the red dropping 2.1% for the U.S. stocks 50 futures so Europe really playing catch up with the Wall Street story S&P 500 evenly features currently down half of 1% U.S. benchmark yields are rising steadily but surely one spot 7 three three on the ten year are by two and a half basis points right now You have a bid for the dollar up by a tenth of 1% on the Bloomberg dollar spot.

Bloomberg television Here Anna Edwards Bloomberg Caroline hepar Toronto Central Bank FOMC flu U.S. London Europe
"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:00 min | 11 months ago

"dominion bank" Discussed on Bloomberg Radio New York

"All right here we are coming up in this half hour I got to push that balloon button Is it your first day It is and you have to push the blue button to get sound coming through and Tom king taught me that If anybody come here we're going to talk a little energy see what's going on with the build back better plan Plus CJ fellini managing partner at no yak capital and CEO of gateway garage partners and talk about real estate investment supply chain thin tech all the good stories for 2022 But first let's go to great care to Bloomberg news and see if he pushes his button on I'll get a bloomer business flash Well she mines clear and it turns green It's the red button that I favor because when the Red Buttons on that means I don't have to talk But the S&P is weaker right now the sell off in tech is extending It extended to Asia as a matter of fact earlier but mostly spared Europe the stocks Europe 600 index traded near a record while the gauge of Chinese names listed in Hong Kong Felder 6 year low maybe because they're cutting off flights from everywhere just about Tencent was also under pressure after pairing its tech investments with Beijing's regulatory crackdown S&P is down two 10% down 7 the Dow is up two tenths of a percent of 69 and the NASDAQ is down 9 tenths percent at a 133 to ten years down 8 30 seconds the other 1.67% West Texas intermediate crude is up 1.6% at 78 21 or barrel comics gold is up one half of 1% at 8 23 20 an ounce The valiant one 1594 the Euro dollar of £1327 a dollar 35 66 A source is telling us that Toronto dominion bank is the latest financial institution looking to tap the red hot U.S. corporate bond market as companies look to borrow before yields rise further The lender is selling bonds in as many as 5 parts A source tells us the longest portion of the offering a ten year security may yield between .95% and 1% above treasuries That's a Bloomberg business flash Bloomberg markets continues now Taylor Riggs and Wall Street All right.

CJ fellini yak capital gateway garage partners Tom king Hong Kong Felder Bloomberg news Europe Tencent S Toronto dominion bank Asia West Texas Beijing U.S.
"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:00 min | 1 year ago

"dominion bank" Discussed on Bloomberg Radio New York

"Time because things have gone fairly well But if you look at the AAI I bullish summit survey It piqued your own may We kind of had all the meme stocks moving higher We had people trading on a daily basis We had optimism actually go above 50 which is kind of rare air during the past 13 years And it spent the next three or four months falling to I believe 22 in September It's starting to rise a bit again And I think people are going to get warmed up to the fact that the economy is still pushing along And that typically pulls markets with it and I don't expect this time to be any different When you talk to clients and they hear from asset manager after asset manager it's a stock picker's market What do you tell them Do you say look the index is doing pretty well It's supported by a number of different pillars or do you say yeah you should be very selective or you should just pay very big fees to somebody to invest your money on a level We attempt to pull both lovers So we attempt to add value through security selection and asset allocation So we are overweighted small caps for example And we certainly do try to tilt our portfolio towards those cyclical names that I mentioned in my opening comments Brent always fantastic to catch up with you sir Very calm and constructive on the outlook Brent surely there of Northwestern Mutual I mentioned this quote a little bit earlier on the program Allow me to do it again Year to date 88% of the S&P 500 members have experienced at least a 10% drawdown Meanwhile on a closing basis the index is only corrected by 5% That is a historical anomaly That from Morgan Stanley Tom Yeah 5% move That's been the maximum drawdown And we're almost within 1% of all time highs Yeah and that's a rotation story here but John I'm going to say it comes within the oddity of its natural disaster a global pandemic and part of it again is this overlay that did we see this 6 weeks ago This commodity lift Bart may look who's been around forever with the Toronto dominion bank of Canada running their important commodities just John He just recalibrates oil once again hired a $90 a barrel but he's very cautious on China growth and Johnny vamps it into the Beijing 2022 Winter Olympics where China's going to have to get their air pollution act together to have a good Olympics I've had the same thing So you know medals could come off the bid because it's a very sophisticated note from TD security Well at least right now metals have not come off the bed No and actually this goes into the oil story in the sense that it's getting more expensive to produce oil certainly in the shale patch When you talk about the fact that John you were saying OPEC can just bring more supply online But can they as quickly as they're saying because they've been raising production and not being able to meet it because there hasn't been investment in places like Nigeria et cetera that really are not able to meet the target So this really raises a question about how much supply can meet the demand on a sort of incremental marginal basis This always comes down to two places Saudi and Russia Those two places alone It's up to them Well it can do something big time when it comes to energy Yeah the question is then do they want to given the fact that they have a lot of political reasons perhaps not to And this administration and the policy's Tom they're caught up in the middle of it And I'm not advocating for a particular view here just stating a fact They're right in the middle of this with some of their own views This is the province of that more frankly his next note's going to be important on this of the lift up and then maybe the market recalibrates and when you come back down as one fond of hope $19 I mean can we just wrap that one up You buy a $19 cloth to clean the screen You're so happy I've come on I'm buying How much is the Mac The MacBook loaded about you're up to 4500 So next to 19 why not Is that the view It's the margin on a $19 club I know Tom Kane lacedaemon Futures are behalf of 1% The beast is a nightmare for parents Fanboy Yeah This is Bloomberg.

Tom Yeah Toronto dominion bank of Canad Johnny vamps John Brent Morgan Stanley China Winter Olympics Bart Beijing OPEC Olympics Nigeria Saudi
"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:15 min | 1 year ago

"dominion bank" Discussed on Bloomberg Radio New York

"Stake for $2.2 billion That's in cash from Saudi Prince. I've only been to last kingdom holding Just got ADM. Across the Emirates. I'm used to get mad at Dean into by Welcome to this Thursday show as we count down to some important monetary policy decisions specifically from the baby, But first, let's start off with what's happening with us Treasuries because we had an important 10 year auction overnight. HGTV go for our clients currently yields 1.33. This is your charge with your 50. 102 100 day moving average going into this traders are on edge. There's an angst around some of the risks as the US approaches the debt cap breach. Bank of America, saying that risk assets said not to care about the stresses around the debt limit, and I'll tell around two weeks before default date. I want to get to the cross Asset matrix for you A quick check on how we're training this minute on US equity futures after a dip in US shares overnight, currently called little bit lower again about 3/10 of 1%. Bank of America, highlighting that you know what? Look, we're forgetting about the equity rally here. That's powered the S and P five under well past Wall Street's year and forecaster dumping their diaries and P 500 call after some of the big jumps that we've seen, the Bloomberg dollar index gets a lift. Just barely above the flatline here. This is still a one week high, potentially a 50% retracement level. The late summer move that we've seen is what throughout the Dominion Bank saying and then Brent crude at $72.76 a barrel. Look out for those protests in Libya. That's something I'm watching potentially 800,000 barrels a day that could be at stake. Let's run you through some of the other market action in Asia specifically with Juliet, Sally. She joins us from Singapore jewels. Will you sit on the back of that oil movie? I think energy stocks looking pretty good. But the rest of the markets here in Asia falling for a second decision, and in fact, the regional benchmark index having its biggest fall in around three weeks, watching this big seller to coming through in the hang saying, Take index As you see the likes of Nitties intense and full after Chinese authorities summoned the gaming companies once again concerns about more restrictions in this space is saying that they should de emphasize Profits here, and that has prompted a slide in a lot of the tape players. The Cosby also under pressure as you see the likes of Cacau and Samsung falling. We're seeing the minors under pressure in Australia, too. Although city does say that they have upgraded Fortescue to ABI, they say the selloff they've seen in that stock is overdone. And once again we're watching China immigrant it shares have fallen to the lowest since July, 2015. Have punched as much as 11% in the morning session in Hong Kong, the ongoing concerns about the liabilities for Evergrande, But we heard from Jeffrey, speaking on Bloomberg Markets Asia earlier and they said there are actually more positives around this company. The negatives lately, but certainly a lot of concerns about the overall debt liability of 353 $105 billion In assets there, Yusuf. It's just astounding remarks. It's going to weigh on a lot of the conversations throughout the day. The story Thank you for the moment Jewels Juliet salary there. Let's also run you through the first world headlines from around the world for that we get out to someone Fox Mandala. Hey, Simone..

Simone Bank of America Jeffrey Asia $2.2 billion July, 2015 Hong Kong 50% Samsung Juliet Yusuf Libya Sally Australia 10 year Singapore 353 $105 billion Fox Mandala 1.33 one week
"dominion bank" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:33 min | 2 years ago

"dominion bank" Discussed on Bloomberg Radio New York

"Bloomberg Quick Take. This is a Bloomberg business Flash. President elects advisers originally told allies in Congress about the cost of a new stimulus package as stocks are up on news of further stimulus, the energy and industrial sectors lead the benchmark higher Dollar is holding a gain as US initial jobless claims last week rose to 965,000 compared with the estimate of about 800,000 Let's look and see where we are in the markets. Right now, the S and P is up 3/10 of a percent of 12. The Dow's up a half a percent of 148. The NASDAQ's Up a half a percent up 70 10 Years down 5 30 seconds with a yield of 1.1% West Texas intermediate codes. Little change that 50 to 93 of Barrel comics. Gold's down 7/10 of a percent. At 18 41 90 announced the dollar yen 104 11 the euro dollar 21 13, the British found a dollar 36 52 Wells Fargo's agreed to sell its Canadian direct equipment finance business now as CEO Charlie Sharp revamps the little Leaguers lender. That would be Charlie Sharp. Toronto Dominion Bank will purchase the unit, which has about $1.2 billion in assets right now, Wells Fargo's up 2.2%. That's a Bloomberg business Flash. I'm great, Jerry. You're listening to Bloomberg markets with Bonnie Quinn and polls Weenie on Bloomberg Radio. Another tough day for the jobs market. US. Jobless claims jumped by the most since March approaching one million, so it's a good time to hear from President elect Biden this evening as he.

Bloomberg Wells Fargo Charlie Sharp Bloomberg Radio President US Toronto Dominion Bank Biden Congress West Texas Jerry CEO Bonnie Quinn Weenie
Merger Monday, Bloomberg's Bid, Holiday Movie Recs

Squawk Pod

06:45 min | 3 years ago

Merger Monday, Bloomberg's Bid, Holiday Movie Recs

"Good morning everybody. Welcome to Squawk box here on. CNBC we are live from the Nasdaq market site. In Times Square becky quick along with Joe Kernan and Andrew. Ross sorkin first step on this morning's pod a couple of updates on stories we've had our eyes on or IRS's on if you get your squawk through ear buds instead of on a screen. Remember in October when French luxury conglomerate. LVMH made a bid for New York's iconic jeweler tiffany. Well they up the bed the very shiny prize a big deal. This morning of the world's largest luxury goods company has now confirmed his reached a deal to buy tiffany. This has been quite at some time in the making the price tag this time. One hundred thirty five dollars per share in cash sixteen point two billion dollars total the largest ever in the luxury sector the boards both companies approving that deal yesterday afternoon and the transaction expected to close in the middle of next year will mark the end of Tiffany's one hundred eighty two year history as a standalone brand and a little blue box isn't changing but it does reflect the changes to remain independent amid increasing consolidation across retail and adding tiffany's Eddie Murphy to the portfolio will strengthen. LVMH's position forcing watches jewelry. The group acquired Gary and back in two thousand eleven eleven like Lvmh t LVMH T- LVMH. What if I would pay? How much would that cost the figure out to add a t not to do you think they should? I think they should add T. You think it's that important. Is that valuable important as those ugly back and look but what is amazing is that they did get him up. I mean this one hundred thirty five dollar price tag came up from one hundred twenty dollars recall when when this when when they first went after him and the question I think we threw out. There was whether they'd get one hundred thirty five bucks one hundred at forty. They didn't push back if you go back. And Look at tiffany stock even two or three years ago where it was relative to where it is today so I I mean the interesting stuff therefore therefore baby gifts like a little spoon. Yes in general. I don't know it's like super retail. I think Chinese people love in China. It's big and Chinese on these sorts of come here it's really be in the United States. Just me personally. I you know when you go to forty seventh street. I'm sure not. I mean I would rather go down there. forty-two the haggle. Well just don't pay absolute top dollar for for stuff that everybody else has and another deal. We've been following following Charles Schwab effort to buy. Td Ameritrade as of this morning. That's done to Charles. Schwab Corporation is going to be acquiring. Td Ameritrade this is a story. We we first reported last week. Td Ameritrade is now naming Stephen Boyle as the interim president president and CEO suspending their CEO. Search because obviously this will be taken care of with with this deal. Charles Schwab is offering issue is going to be issuing one point eight three seven shares for every td ameritrade share. That's out there We'll continue to keep an eye on says Charles Schwab saying that. Toronto Dominion Bank's going to be holding about thirteen percent of a stake in the combined company. You could see right now. Charles Schwab shares which ran up last week on. This news are right now down by about twenty two cents to forty seven ninety eight so maintaining basically the gains that they had seen last week on this when it was first announced. Td Ameritrade shares at this point indicated by about two point three percent. That's a gain of a dollar thirteen to forty nine twenty six again after they saw gains last week as well. Charles Schwab saying that they see this deal being fifteen to twenty percent of creative give to the adjusted earnings per share in the third year in the third year of this deal Schwab right. It's going to be called Schwab. This sounds sounds like a fun thing though analysts have looked at this and said because they both have very strong trading platforms. That you won't see as much of the accretion in terms at the probably both the Charles Schwab and td Ameritrade plan trading trading platforms operating. Because they don't overlap. There's some things the. TD AMERITRADE has like options for insurance little bit stronger. Charles Schwab has a lot of things like People who will talk to you and guide you through these things because of that the probably see some analysts analysts speculating around forty percent in terms of the accretion that they can kind of combine and put these together with those both platforms need to advertise separately swap box. Random House expected to be where you will see some of the. Oh no no no I got a double double down on both platforms. They say anything. But I close with this point break- fees and I don't know I. I have not seen that to me though the two issues. That will be interesting a break-up fee whether you interesting because you think out trust issue not so much on the consumer side but potentially For for all of the investment advisers out there really I mean I think collectively collectively they have like sixty seventy percent. Would you say this is that works serious antics three so they are two things there. There may be a look. Get that and so you you care about that issue. The other issue would be about deposits that that used to stay at. Td Bank so td Ameritrade used to run all their deposits. It's into Toronto. Dominion Inter Dominion. That was actually a huge fee generator for TV bank. And so once. If you take those out I assume Schwab is going to keep those Deposits in their own bank effectively. What that does to? TD LONG-TERM SO. These are some of the questions that I think at least in baking world. They're they're probably so but I don't know I'm GONNA. We'll look great deal. That's good news for holiday. Travelers gas prices down this quarter of the lumber survey the national average falling four cents cents to two dollars and sixty six cents per gallon drop is likely due to an increase in supply now that several refinery repair projects have been completed. Also a word of warning warning triple as saying Wednesday is the worst day of this holiday week to travel with trips taking as much as four times long four times two hundred percent longer due to congestion I in some weather issues. That could be a little more difficult Wednesday out of on the East Coast here starting in Colorado and coming across do you. ooh The minivan. Yes sir. What about it? Is there a a hybrid model that you can buy make hybrid models. That'll make a cool or no. Let's give it up for just wondering why you haven't truck Tesla. Yeah that's what I was saying. Why why aren't you? Just springing brings for something electric because you need a minivan supplements. There's no electric minivans or there's no My mic one. Now they're not cheap anymore. Ah Minivans by themselves this is unlike so like so many of you. That don't walk the walk when you talk about other stuff. The vacuum cleaner in the minivan is more important than

Charles Schwab Td Ameritrade Lvmh Lvmh T- Lvmh Schwab Corporation Tiffany Td Bank Cnbc Toronto Times Square Ross Sorkin Dominion Bank Joe Kernan IRS China United States New York Inter Dominion