31 Burst results for "Invesco"
Equity shot: What's going on with Tesla's stock price?
"An equity shot is when something happens that we get really really excited about and then we realized which taken off of slack and put it on to the podcast. Today we're going back to the very beginning of the show. We're talking about Tesla which she asks. I know it's not a private company. But if you go back episode one of equity. We're talking about Tesla reason too much of money because fascinating firm. I Have Danny Crichton with me. Danny how are you? I'm doing good although I think we should call it an equity shot. It's more like an equity joint because I am so high on this high stock price. The I did not see that joke coming. But I'll take it. You'll unless of course famously. Smokey joint on some podcast. I forget what it was called. But we're here today because Tesla share price is up yet again looking like it's going to close at an all time record. High currently above nine twentieth share up over seven percent amd we're going to go through the kind of bullish take care the bearish take care. What's going on and I'll talk a little bit about the fundamentals behind the company and how they've really honestly improved so any rate time ready as we said before the show if you go back in time to roughly. I think it was last June. You could buy Tesla for about one hundred. Eighty five dollars shares magically masterfully. They're up to nearly a thousand dollars a share and you know when you think about Tesla and its financial improvements over the last couple years. It's had some but certainly not to the extent of rescinded share price. Changing my impression is that there's enthusiasm going on here. That may not be tied to fundamentals with autism. It's all multiple expansion here so I think people are getting really excited about the potential electric cars. Certainly not as in the United States but around the world to for instance I think Singapore just last week said that they wanted to be the first country to only have electric vehicles. Mean like the next decade or two right. So there's these huge initiatives around electric cars and then you've got batteries. You've got a lot of the supply. Didn't stuff that that Tesla's in and then you have just the general called marketing stick. I mean I think we we used to follow invidia. Quite a bit early is to focus on. Invidia quit a bit and retail shares stocks called a Robin Hood share right. Everyone who has a Robin Hood account is like following video news day to day and I think that that's been replaced by Tesla Tesla for sure. Amd will also hot for a long time back. In the CRYPTO currency boom. There's been a lot of companies that are kind of come and gone but I think Tesla's probably the kind of the granddaddy of them all from that perspective but more data about the trading world. This isn't actually Tesla's all time intraday high it. My research holds up that was actually back in February fourth when Tesla had an insane range of eight hundred and thirty three dollars a share to nine hundred sixty eight I think kind of sets the stage for understanding Tesla's price movements which is at their wild and they seem to be based on competing warring religious cults people that are obsessed with Tesla and the future of battery tech and electric cars and getting off a fossil fuels and you know loving Elon. Musk and then people who care more about fundamentals even as Tesla's windmills have honestly improved over the last eighteen months quite a lot. You know absolutely and I. It's crazy is if you look at it. Post Two thousand thirteen from twenty thirteen to twenty nineteen that the stock was essentially flat. I mean they're gonNA has ups and downs and typical gyrations but it was sort of a a wait-and-see stock I mean what's grits. Nuts is just in the last couple of months like four months. It's gone from a low of just below two hundred dollars a share to now we're looking at it as a recording it at two. I'm sorry nine twenty eight and so I mean we're looking at a four X. in three month return profile. I mean look we talk about South Thank Vision Fund on equity all the time but this this is sort of what they were looking for right. It's like literally it's not even a private company. It's a public company. Just bought again with Robin Hood. I don't think you can actually open a Robin Hood Account. Though the hundred billion in cash that would play break. Something in the Robin Hood Landscape but just put this in perspective. Everybody of what we're kind of thinking about. We pulled up. Tesla's financials and so we're going to bore you with a couple of numbers and then we're GonNa talk about what can driving hand today's movement but the reason why this price movement feels so fantastic and so fascinating to watch is because even though Tesla has improved. It's it's profitability. It's cash position it's cash flow. It hasn't grown that much. And if you go back in time looking at the year ending. December twenty eighteen Tesla had total revenues of twenty one. Point five billion give or take and if you look at this last year it was twenty four point six so some growth to be clear but certainly not a lot and in q four q four. Eighteen Tesla had seven point two million in revenue and Q. Four of nineteen seven point four so just Mata Games of growth and improve profitability. Is the difference here so it could be a mixed shift in what they're selling. It could be optimism about the battery market. And there's a lot of possibilities driving this boom. I Tesla but I'm curious Danny. What is your favorite of the various hypotheses that are bouncing around? I think it's a huge expectation around future product lines right so if you look at the units delivered by Tesla over the last two years being Tesla really has expanded writer was just a couple of years. Ago Is under twenty five thousand units a quarter in Q. Four twenty nine thousand dollars. According to Teesta it was well over one hundred thousand one hundred. Fifteen thousand units were delivered quarter. So it has. It has sold more cars. You know four or five act so that that's part of the number here but I think you start to look at like cyber truck which is entering a much more higher margin part of the vehicle market in the mid to large size semi trucks. And the I think the challenges is like. There's there's this gap of like you know. Yes there were one hundred thousand or have cyber trucks were supposedly preordered Alex nor is a fifty eight billion based on how many tweets stupidity excitement. Yes yes but you know the challenges that those were not full deposits right like there are no cars to be sold and they're not going to be cars to be sold for a long period of time and so. I think there's just this huge which we saw the same thing with Softbank. Which is there's this huge prediction of like well look assuming everything goes right over the next four to five years then we will buy into the valuation as if everything was being sold in two thousand twenty three. Unfortunately there's so much risk coming up. I mean it was crazy to me. Is we talking about apple and Amazon? A bunch of others AIRBNB who've been suffering from chronic virus but tesla's a huge Chinese market. I mean we were talking about the Shanghai gigafactory or gigafactory for their new battery which just launched what two three months ago and is now sort of been hit? Hard by by the virus. What what other issues art is Tesla? GonNa come up within the next couple of years that that to me is a huge open question. Well the operating points pretty good if you look back. Tesla's latest earnings investor presentation for example You go to page eighteen following along at home. They show have a rolling twelve month delivery number and in Q. Four trailing twelve months of deliveries reached over three hundred fifty thousand for Unit. So they have always a hit material scale global scale. And so when you bring up these new models to me. They've actually proven their ability to do that. And at increase scale and all that a similar level of quality which means that they can watch model. Why cyber truck that really fast roadster that they showed for four minutes and never did anything with put that out please? I want to go bankrupt. So tell me one she please does. I want to stay married. That's more I hear. The roadster does super well New England winters. Yeah it's designed actually for Rhode Island's a narrow cobbled streets and I think the cyber trucks tank like atmosphere is what you're looking for for Rhode Island. Well especially the kids. I'll need those unbreakable windows. Okay but going back to today and what's driving this one day shift and Tesla's stock price drove us. Mad is looking at what's going on. There was a new analyst. Note coming out. Invesco strategist Tim. Horace Bra talked a lot. About how the Fed's decision learned. The quantity was helping drive momentum stocks of which is of course one. Alex Potter an analyst with the Piper Sandler raised his price target for Tesla to above nine hundred bucks a share. A little late given that already is but hey you know better late than having a one hundred ninety nine target which is what seen in business and then of course. There's also some rumors going around that In China to tinkering with a new kind of cobalt free battery which is supposed to be important. Even though I will admit I was a chemistry. So a couple of things confluence that I've picked up Enthusiasm momentum and this is the best for the Washington this is like the old bitcoin. We seventeen when bitcoin was hot. And you can watch it every day and it was fun. That's Tesla's stock today. I don't know what that means for the company but I'm having a hell of a time just watching this stuff happened absolutely and I think I think another statistic I would use on this front. Which would take into account allow this news which is the percentage of Tesla's shares held by institutions? Actually pretty low. I it's fifty five percent. Suit is a COP apple obviously pretty well known company at sixty three percent right and in many cases those institutions held for a long time so Tesla's largest shareholder baillie Gifford. We interviewed a Charles Plowden. Who HEADS UP THE PRIVATE MARKETS? Investing at Baillie Gifford for extra credit last year and they've been the company for more than a decade of our call and part of what I think the magic is for Tesla is you have this base of very long-term acid holders who believe in the company and have been holding a long period of time. And then you have this controversy in the retail market of people. Saying we'll do. Do I see two thousand going even higher right? And so the the debate between long and short ends up driving so much attention to the shares. That it's the dinner party stock conversation that you're hearing on. God's a bit of a carnival atmosphere to it you know Elon. Musk And grinds Elon. Musk and Joe Rogan Elon. Musk and this and that I mean he's become a celebrity in such a way that it's rare to see and the ruggedly buttoned up world of business. I mean I mean not to bring up. We were just you know owners Lee. Belykh Adam Newman had a touch of the celebrity to him in the semi that you must does. Though a fraction of what you Llaneras and normally we see people when they become wealthy and powerful retreat into their shells but like the Google founders. And how they kind of step back from the public light incrementally and now entirely from their company. Ilan doesn't give it you know dealing with throw. A rocket is truck and shutters. Window will just do it again. I mean talk a bow different. And that's that's the that's entertainment on a more serious note before we go to any One other thing we didn't touch on that could be driving enthusiasm. Sentiment and share price. Surges is Tesla's solar panel stuff. And I say stop because I'm reading today. That the solar roof that they brought out years ago and never really. Kinda put on the market is ramping up. And so we're seeing Tesla differentiate not in the automotive space but also outside of that in the in the ultrasound generation and storage space which some people believe could be a huge growth opportunity for the company. And I don't know how you feel about Ciller but I think that's probably true I think is probably the economics have gotten a better for solar and I again. I I think the magic of the share today is do you believe in each of the expansion opportunities for each of these different business lines and I think I think when you let me give you a comparison. Bordier a Canadian company who used to make snow. Mobiles expanded into planes trains jets and all kinds of other categories over the last couple years just this morning announced it was selling off its trained business to Allston French large Train manufacturer and really it was a story. overexpansion right. Here's a company that sort of got out of what it knew what to do. It got into jets trains and get it all these different spaces and so the question is do you believe in the musk magid. I mean that's sort of the bet that everyone has to believe in which is look. It's not just going from model to model three. It's not just going to cyber track. Meets still car at the end of day. Now you're getting into solar panels. Now you're getting into battery construction for not just homes but also at like a nation state scale kind of battery technology and I all. These are just technical. Risk that up like every single one of these is a completely new product. So I think you know. That's the bet that everyone has to make and that's why it's so exciting. Yeah Yeah Yeah. I totally agree with that but the all throughout there is that incomes tesla. It feels less of a musk better than it used to be. Because the company no longer bleeds so much cash at once. You stop bleeding. Cash and can begin to generate material consistent operating cash flow and free cash flow and more strict metric. You're willing Rome destiny and you have more space to make mistakes before it. Always only Tesla was on a tightrope if they missed this launch. That factory blew up. That tech. Didn't sell whatever that was. GonNa be the end of the company. They made a series of all. In bets of your poker player. Was My impression watching the company for years now with trailing operating cash flow positively and free casual Timothy. The company's kind of okay generated over the last four quarters over a billion dollars in free cash flow and just I believe did a placement of shares for a couple of billion at very high share price which is super smart. You know getting anymore taught so you know the first thing that we learned on this show was Jason Lincoln telling us that Elon. Musk is better at raising money than anyone else in the history of the world. He's that he's able to go out there and get cash and here again. He's doing it twice once running the company last and two from the share price surge. So Tesla is in the best shape it's ever been. I don't know if it's worth nine hundred twenty dollars. But the days of four twentieth funding secured certainly are behind us. And Danny. I'll give you the last word. I think the thing to pay attention to again as I think mosques the magic here but it goes beyond that I I do think marketing if you look at GM Ford you know. The large automobile manufacturers a huge part of their cost structure is marketing right. Like the amount of money you see it when you watch The Super Bowl. You'll see this when you watch different kinds of sports games. There's massive marketing budgets to push cars off the dealership at Tesla. Has this magic with a person who basically gets free advertising every single day on the business pages on the front cover of magazines or seeing must. You're seeing Tesla. All that is free business and so again you have cool cars. You have great marketing. You're not paying for any of it. You have free cash flow. It's clearly a more stable coming in. There was a couple of years ago. And there's this huge kind of expansion opportunities on the horizon coming up. You know that all up together I understand the lungs. I also understand the shorts but I guess we'll sort of see where it all comes together in the next couple weeks. Yeah and by the good call on the importance of free marketing. For Tesla as we're sitting here squeezing an extra equity episode just fine on Tesla because we found so entertaining so it's not nefarious per se is just if you care about financial markets and companies and growth. You can't not be watching
U.S. stocks finish at records as trade optimism buoys markets
"For more now on the impact of trade on the broader markets were joined by casino Hooper invesco chief global market strategist the casino last week so the elimination or the three directions of many many risks to the global economy and many concerns for business for investors are we now though in danger of peak optimism given that we're at records all over the place I think we are in danger of peak optimism because we do not have a phase one trade deal signed and there's still some things that can go wrong we also don't have as much clarity on breaks it certainly the U. K. Alexian has moved us closer that but there's still some risks there as well so I think there's this general euphoria because economic policy uncertainty has come down but I do think it could lead to a frothy markets' that could be made vulnerable if something goes wrong what can go wrong though is it safe to say that we're in the clear at least until the end of the year I think we are but we will want to see when that phase one trade deal is signed and there could be some issues as we move forward keep in mind that China has historically been very reluctant to be pinned down to exact purchases and we heard that the details are very murky around that I think that that's one area where we could see friction arise between the US
"invesco" Discussed on Bloomberg Radio New York
"Learn more visit invesco dot com slash together invesco distributors incorporated influential conversations from Bloomberg television here's Sherrie Iran trump administration has been looking at Chinese tag as a national security threat for some time now and it's focused on companies like highway is eighteen and take talk to that and I knew you US agency has a sixty million dollar budget to help developing countries and businesses find alternatives to companies like Huawei and ZTE joining us now from Washington is Robert Strayer the state department deputy Assistant Secretary for cyber and international communications and information policy ambassador thank you so much for your time today now in this latest approach seems to be the carrot approach where you're trying to convince these developing nations to stay away from cheaper Chinese tech is this enough knowledge men the perhaps the stick is not working for some time we've sought to work with developing countries to ensure that they can have reliable and secure communications technology so this isn't a different approach to the matter independently we're also working with partners allies to educate them about the risks of five G. that there could be the potential for vendors of five G. to be in control of another governments that would require them to take actions that are not in their citizens interests next to take of the case in countries like China where there's no independent judiciary a rule of law for a company to object to be made to take actions in line with their intelligence and security services here more interviews like this one on Bloomberg television streaming live on Bloomberg dot com and on the Bloomberg mobile.
Plans for new U.S.-China trade talks boost stock indexes
"Minute stocks posted solid gains for a second day in a row the news that the US and China plan to hold talks in Washington next month spark new investor optimism about the trade war the Dow Jones industrials gained three hundred seventy three points or one point four percent the nasdaq closed one hundred forty points or one and three quarters percent higher the S. and P. five hundred rose thirty eight points or one point three percent Brian Levitt of invesco talked about the positive mood on Wall Street the fed has backed off US in China or green to me is this great policy backdrop no but things moderately improving yeah and that's why the markets are responding to this lululemon Athletica posted stronger than expected quarterly results after the bell the athletic wear maker boosted its guidance for
Dow closes up over 370 points on rising trade optimism
"What stocks posted solid gains for a second day in a row the news that the U. S. and China plan to hold talks in Washington next month spark new investor optimism about the trade war the Dow Jones industrials gained three hundred seventy three points or one point four percent the nasdaq closed one hundred forty points or one and three quarters percent higher the S. and P. five hundred rose thirty eight points or one point three percent Brian Levin of invesco talk about the positive mood on Wall Street the fed has backed off U. S. and China are agreeing to meet is this great policy backdrop no but things spin moderately improving yeah and that's why the markets are
"invesco" Discussed on P&L With Pimm Fox and Lisa Abramowicz
"Well it certainly was a news filled afternoon yesterday with the Fed cutting rates by twenty five basis points and then the uh-huh q. and A. in presentation by Chairman POW which caused some uncertainty with many investors in the marketplace to try to make sense of it we welcome our next guest. Kristina Hooper <hes> Christina's chief global market strategist for invesco of based here in York Christina you joining us here on Bloomberg Interactive Brokers Studio. It's great to see you. What were your takeaways aways yesterday from yesterday's testimony in a and all that well there are few key takeaways? Paul first of all it seems that the narrative is is that the last rate hike of two thousand eighteen was a mistake and we're giving that back but that it doesn't necessarily mean we're going to see any series of rate cuts from here. Maybe one more but Jay Powell was very clear in suggesting that this is an adjustment again not a trend and so that speaks volumes but it does also caused confusion in markets. I think the other key takeaway was that the Fed is confused infused because there are so many different data points swirling around that suggest different things the dichotomy in the U._S. economy strengthened the consumer strengthened lengthened services but of course weakness in manufacturing which really mirrors what we're seeing globally <hes> also just in general we're seeing strong strong domestic economy for the most part but we have to worry about trade wars and really there is no playbook for trade wars so a lot of people said that the Federal Reserve disappointed markets yesterday. You did see a sell off in equities bit of a so often bonds today. We're seeing bonds rally and we're seeing two year yields builds come in <hes> the most in a couple of weeks. I'm trying to figure this out why well I think there's always that visceral knee jerk reaction and then markets take time to digest information so they didn't necessarily get what they wanted. From the press conference. They seem to get what they wanted on it from the actual decision but stocks started to go down when the press conference occurred and so it seems as though they were left feeling a little empty because Jay Powell owl insisted that this is more of an adjustment rather than a Trent Eisley. This feels like a relationship you know they wanted to hear. What's what's the future it well. It is a relationship and luckily though I'm Jay Powell has colleagues on the Fed and so most likely we're going to see vice chair clarity. Come out and clean up some of the comments and comfort markets. I'm this is a relationship so Christina is. Is there anything that happened yesterday or that will change how you guys view. The marketplace may be allocating some capital for the remainder of the year. Anything changed from yesterday. Nothing really changes but it does suggest that we're likely to see more dollar strength and that really the. Fed has has paved the way for other central banks to start getting more comma date so <hes> on the margins though a really N- not a lot of change <hes> just I would expect that stronger dollar I would expect <hes> something of a tilt towards <hes> <hes> risk assets performing well in an environment where the Fed stands ready to be more comedy if it needs to. I'm certainly ending balance-sheet normalization. A bit early was a nod to the doves <hes> so I think this is an environment that all else being equal favors risk assets. What about emerging markets given the fact that you're expecting expecting the dollar to strengthen so emerging markets could <hes> do well in this environment in that the Fed has removed on one one key headwind which is balanced normalization <hes> recall that was creating something of liquidity suck for emerging market so I think that actually this could good pave the way for four emerging markets to perform better so another news item that seems a narrative that seems to be have been addressed? It's a little bit this week as trade. It appears that you know what the U._S. trade delegation going and then coming back from Shanghai that it appears that while there doesn't look like there's going it'd be a deal immediately. At least there's just kick this can down the road and maybe this might even be a post twenty twenty election. Is that scenario from a trade perspective enough enough for the markets right now. I think it's enough. I think what we need to do though is watch for any signs of a deterioration in the relationship but luckily clearly I think markets have begun to manage their own expectations with us. I think there was way too much optimism. I've always been a real pessimist when when it comes to the U. S. China trade situation. I think now markets have come to again. It's another relationship have come to accept <hes> diminished expectations nations for what could happen between the U._S. and China however if we see more tariffs than I do think that will send stocks lower and really shake confidence so we we have the market on the couch speaking with therapist right now. I do want to know a lot of people were talking about Jay Powell and that his performance was not great. Do you agree no actually <hes> what I would say. Is that <hes> you know quite often. It is hard to articulate violate a decision <hes> particularly one in which <hes> there are so many factors at play. I actually felt for him. <hes> I certainly think Janet Yellen Ellen probably would have done more in the way of preparation and would have been very very scripted in her comments to make sure there was nothing off handed that was mentioned but when you think about <hes> Jay Powell he did try to articulate the kind of conflicts the Fed had in terms of what's looking positive and what's looking negative and also I think he really stood up for fed independence as well by making that day but he of course he does. I mean he's going to say yeah. Actually we're GONNA cave to what the President says Lisa. Nothing is a given environment so I actually do think that he had to to stand up up and say that and he did and I think he was quite clear. <hes> not giving in he could have been much easier for him to say you know to to really we say nothing about this but he tried to make sure it was viewed as an adjustment because he doesn't. WanNa look like he's kowtowing to the White House. Christina's about thirty seconds left up. We're about halfway through through the earnings season. What have you seen anything unusual. <hes> I've seen again that phenomenon that managing expectations can be a very good thing because while <hes> earnings thanks <hes> estimates were lowered now they're coming in meeting expectations or in some cases beating them in that has created something of a positive sentiment and markets Kristina Hooper. Thank you so much. We love having you on. Thank you thank you. Christina Hooper is chief global market strategist for INVESCO.
"invesco" Discussed on Animal Spirits Podcast
"Today's animal spirits is brought to you by invesco welcome to animal spirits show about marcus white ten investing joined michael bat nick ebay carlson is they talked about with their rating writing an watching michael nick and then carlson worker rituals wealth management all opinions expressed by michael and then or any podcast guests are solely their own opinions and do not reflect the opinion of results wealth management this podcast is transformational purposes only and should not be relied upon for investment decisions clients health management naming paint petition to new security asking this podcast so better shut down vinci martell who is a senior strategist investment solutions for invesco to talk about alison comes out of the way early we're on the right guard survey podcast however this is not just any survey this is real they did it just say do you like factors do you like this where you investing what they did was they sat with over how many of us there's been three hundred face to face interviews across europe north america and asia how long do these last he said name after quite quite a long time right at least in our peace yes so they have and they've been doing this for i think this is there a number of years they've been doing this for a few years three years so the data here the data's good let's just get out of the way the data is good we have to admit sometimes surveys are are useful in the great thing about this one was so much a factor investing these days is in the theoretical in here's how we should think about in here's how investors should use optimize factors to create portfolios that blah blah blah but vincent and his team looked at what investors are actually doing the factors and how institutions were actually using them and so i thought that was very helpful in terms of looking at things taking it out of the textbook rather the theory in putting it into reality like here's some people actually think about things in these are institutions that control a lot of money in so they're gonna have a big say in what happens with a lot of these things in terms of how they succeed or fail a lot of the debate over the last years in factor investing or one of the debates is whether or not people should contractors and and people have done exhaustive intensive research and it's funny that people just looking at the at the data could come to two very different conclusions sort of funny how that works but he said you know what who cares what the data says whether you should you shouldn't one you should when you should've the fact of the matter is people are timing factors so maybe let's look at how and when their timing them as opposed to the theoretical should they should have 'cause they are ben i know that i know that you've been taught me factors left and right last week you would have shut up about about a month and yes i'm a i'm a momentum predator with moment and factors so they looked at five big themes that came about from their study of all these investors in the biggest one for me in the one that we spend the most time i'm talking about were the fact that implementation bears are falling away and so it's just much easier to adopt factor investing for institutional or individual investors and it's also easier for fun from coming in create these funds in what that means well what is what does that mean what exactly you're talking about just the the fact that it's so much easier and how that changes the potential historical premiums people using their back tests in were how well it's just easier to create these things back in the day or it just wasn't cost effective to create create momentum portfolio where you had a term for turn the portfolio over say even once a month because it would have been far too you know constantly do it now you could do it where you have free trade or really low cost trades and it's easy to do much more efficiently so there's that side of things but then there's also the fact there's just more competition in back in the day when we run all these back tests on this stuff people were actually implementing it portfolios using quantitative solutions and doing them in a systematic way what they are now so now we like people look back in time to deconstruct what buffett was doing her what's the
"invesco" Discussed on P&L With Pimm Fox and Lisa Abramowicz
"Well, US equity indices are very close to retaining the all time high levels, as global trade tensions recede. At least temporarily you get a sense of where we moved to next or we go to next with the markets. We welcome. Kristina Hooper Christina is chief global market strategist for Invesco. She joins us live from the Phoenix convention center at the Mellon, Pershing insight conference, Christina, thanks so much for being with us. It really does appear that certainly one of the main drivers for investors sentiment is trade is that your sense? Absolutely. And what I would say, more specifically economic policy uncertainty created by the current tariff situation and the threats of more tariffs. So right now, we're looking at markets that are broadly expecting rate cuts and I put that plural before the end of this year. Pimco came out that there could be a fifty base. Point rate cut Inge ally. If economic conditions deteriorate. Do you agree with that assessment? I think that is extremely unlikely. I think the fed wants to certainly be very careful and thoughtful about any rate cuts at mix. And so what we're more likely to see is communication around standing ready to ease but I would be very, very surprised to see a fifty basis point rate cut in one fell swoop. So I guess Christina, one of the things that at least an I discuss back and forth is what does or what do multiple rate cuts? Tell us does it really suggest that this economy, perhaps, is weaker than maybe the markets are discounting. Well, it really all depends on how the fed frames this, because keep in mind. We've heard a lot of chatter from fed members over the last several months around inflation, targeting, and the idea that we could potentially see the fed changing its inflation, target, raising it so to speak. That would mean that. Essentially, the fed could cut rates without any change in economic conditions, and it would be a really easy way to ease without causing alarm. So if the fed does not cut rates, what happens to equity markets. If the fed does not cut rates. It's all about the language. It's all about what we see in the announcement, if they take out the patient language. I think that will matter a lot to markets and won't cause any kind of sell off because I don't know if we're going to see any rate cut in June. But it's all about the language and perhaps what we see in the dot plot, but I mean, for example, because right now markets, if you look at fed funds futures contracts, they are pricing in two and a half rate cuts by December. Let's say the Federal Reserve signals or just doesn't cut rates at all or cuts rates. Once I mean, does that does that spur a big selloff? It all depends on how this plays out, right, because we can see fed funds futures change quite. Rapidly and so- expectations might change by the end of the year. But let's assume in that scenario that fed funds expectations remain the same fed funds futures remained the same in that kind of kind of environment. We would likely see disappointment in markets at least temporarily, so Christina one thing that I guess, that Leeson I hearing more and more from economists and from strategists that appear on our show, is the, you know, the expectation that twenty twenty maybe mid twenty twenty quite likely to see a recession is that something you think is reasonable. Well, we're certainly following closely, but from our perspective where we stand today. We don't think that a recession is the base case for twenty twenty now a lot can happen between now and then and some of it is certainly dependent upon trade policy and where that goes, but it seems as though major central banks stand ready to provide accommodation. We've already seen financial conditions ease in just the last few weeks and I would suggest. Best that this is going to be an environment, where once again, central banks step in and save the day, we could certainly see a deceleration in growth. But at this stage, it seems unlikely that we actually see a recession by mid twenty twenty Christina. Are you seeing your clients making big allocation shifts at this point, we are not clients understand? And what we stress is taking that long term perspective. Now that doesn't mean there aren't small tactical shifts. And I certainly think that what we're likely to see going forward is continued focus on a growth tilt within US equities. And I'm hoping that will also see something of a tilt towards more income producing asset classes, given that we're likely to be in a lower for longer environment. You're talking bonds. Well, not necessarily high yield bond specifically, but an array of higher yielding asset classes, that would include high yield bonds, a Muniz including higher yielding Muniz, but also convertible bonds as well as. Dividend paying stocks. Sometimes they get overlooked. And I think many of them have been overlooked in the recent rally, so Christina we are more than ten years into this economic cycle. So as you think about where you're allocating money, and the equity markets are there certain sectors that just given where we are in a cycle appeal more to you than some others. Well, we see this cycle continuing, although of course decelerating, and so that would suggest an over waiting towards the growth style in this kind of environment. And so I would favor technology and to a certain extent healthcare names, as being quite attractive. Now, of course that doesn't mean there aren't headwinds for those sectors. I'm particular tech is likely to face more regulation, but this is more of you know a two year to three year outlook. And right now, tech looks attractive, despite some of the headwinds we could say so I just am curious given the fact that you're bullish on risk assets over the. Near to long-term or certainly the even the near term. Do you think that treasury yields are too low ten year yields right now? Two point one percent. And if so how much could they rise? Well, treasury yields are definitely low a relative to where they have been. But that doesn't mean that that's going to change. And what it does mean though is that it makes equities look, more attractive. It makes dividend paying stocks look, more attractive. So I think we could continue in this situation for awhile because I think the bond market is accurately reflecting the fear in the market that we're not seeing being reflected in stocks, Christina has the global trade tensions escalated of some trade tensions. Is that caused you to rethink maybe your allocation to emerging markets is just too risky to, to maybe be a little bit too aggressive there. Well, what it's encouraging us to do. And what we've what we've been advocating for some times to be very discerning and emerging markets. There's no reason to change your overall waiting to emerging markets, but. It's important to be selective within emerging markets focusing on those areas that are actually benefiting from what's going on in, in the larger macro environment, including trade wars, as well as the fed, turning more, comma date, so I would favor in general Asia, EM in this environment. Kristina hooper. Thank you so much as always for being with us, we love getting your insights, Kristina Hooper is chief global market strategist at Invesco.
"invesco" Discussed on 600 WREC
"The US Invesco reaching a deal to avoid the import penalties. Mexico will send troops to its southern border to derail the migrant caravans and Mexico's US ambassador. Martha Barcena says both countries will work to eliminate the need for the caravan United States and Mexico. We need in working with regional and international partners to build a more prosperous insecure Central America to address underlying causes of migration, so that seasons of the region can deal better lives for themselves, and their families at their country, and home of origin. President Trump tweeting because of that deal those threatened tariffs or indefinitely suspended FOX's Sean Lynch you'll reports on congressional reaction. Joni Ernst, the chair of the Senate agricultural committee says her constituents in Iowa are quote, breathing a sigh of relief because they won't feel the pinch of new tariff. But democratic presidential candidate Bego work. In a statement, late Friday says Donald Trump trying to be both the artist who created this problem in the first place and the firefighter who wants credit for addressing it, while the White House stopped short of calling it a win Republican leader, Kevin Brady of the House Ways and means committee, congratulated the president calling it a strong win for Texas and America. Mexico's deputy foreign minister twitting that the agreement makes the ratification process for the new US Mexico, Canada trade deal stronger than ever. So northern California residents are about to lose power Pacific Gas and electric, using its newly granted a thirty to cut the electricity to areas in danger of wildfires, they could decide to power down thousands of customers and Napa Solano, and yellow counties. West of Sacramento is forecast to be a hot dry, windy weekend, there that area includes paradise California virtually wiped out by wildfire last year..
Mexico-US tariffs will harm both countries, warn officials
"All right. Well before we begin a new week how did last week and well, not so good. I think it was Thursday night is I was getting ready to retire for the evening. Here comes the tweet and the tweet was the or it was a. A breaking news item that President Trump now threatening to institute new tariffs on goods from Mexico. Right. And that did not help the market at all on Friday, which is already dealing with China walking away from the table and a big chill big standoff. Going along between these two global giants. Well, one analyst said this newest terror threat on Mexico. Here's what Christina Hooper chief global market strategist at Invesco had to say about it. She said markets were already freaking out over existing tour tariffs, and we've just thrown guests Alina. She said gas, but also you gasoline on the
"invesco" Discussed on Animal Spirits Podcast
"And that was like the canary in the coal mine, which obviously you in hindsight turns out to have been ridiculous, but one a week into this interview with Nick, and we'll be back after that. With some more commentary. Today. We're talking Nikolas senior equity ETF strategist for Invesco, and we're gonna focus the bulk of our attention on the low volatility factor and specifically Invesco fund with ticker SP LV, the low volatility fund, so Nick real broadly explained to us and the viewers and the listeners what is the low volatility premium, and why should it offer premature investors? Let me start broadly here. The low volatility factor is actually an anomaly that turns modern finance kind of on its head because it says that there is no linear relationship between risk and reward. And that dynamic is very contrary to kind of what you learn when you're in in finance class, so cap cap them doesn't work. It does hold it. Stop the process. It. It does hold between asset classes like stocks. Bonds commodities real estate, but within an asset class like large-cap stocks or small-cap stocks you'll find that lower stocks actually outperform, which is literally the opposite of what it says. Yes, the return of stock in this theory should be a function of its beta and higher beta stocks should have higher returns. And we know that to not be the case, and we know that not to be very flushed out empirically..
Mount Etna-linked quake sends scared Italian villagers onto streets
"News ram now. It's time for money. News on KYW an update on Wall Street Wednesday. Now, here's a preview of Thursday's markets. The Labor Department's weekly tally of first time claims for unemployment benefits will be out before the markets opened this morning. Economists surveyed by Bloomberg say, there may have been a small uptick in new filings last week the Conference Board's December reading on consumer confidence will be outright after the start of trading. The recent stock market turmoil continues to keep investors on edge. Kristina Hooper of Invesco tells Bloomberg radio there is no way to make an informed guess about Wall Street's direction from day to day areas. Absolutely, no, telling what the market will too. And that's largely because this is being driven not just by economic data. In fact, I would argue that the greater driver. Of the stock market. Downturn has been geopolitical events Hooper says there are buying opportunities for people with longer time horizons, but stocks could pull back some more before moving higher with money news from Bloomberg on KYW. I'm Jeff Bellinger.
"invesco" Discussed on Bloomberg Radio New York
"Instead mcgurk will leave at the end of this month. I'm Evan Haning. And I'm Susanna Palmer from Bloomberg world headquarters. White House press secretary Sarah Sanders, tells Bloomberg she doesn't know of a plan to fire Federal Reserve chairman Jerome Powell this. As key lawmakers and market strategists have urged President Donald Trump, not to dismiss the US central Bank. Chief Bloomberg has learned and reported today that President Trump has discussed firing Powell many times in the past few days as his frustration with the central banker intensified following this week's interest rate increases and months of stock market losses. Most investors saw the prospect of dumping Powell as ill advised, and they said it could spur more selling and a stock market that just had its worst week in almost a decade Kristina Hooper chief global market strategist for Invesco says, quote, we'd see a strong negative reaction in markets. If the president did in fact, fire Powell since that sends a message that the fed is no longer independent or a political. And if you can't stomach the volatility in stocks crude oil won't be any better crew. Investors are reacting to a possible glut by sending crude lower west Texas intermediate last quoted at forty five fifty nine of barrel. The story from Bloomberg's Charlie Pellett traders and investors are concerned that weakening economic growth and surging US supply will lead to a surplus next year overwhelming OPEC's efforts to stabilize the market future. Sank eleven percent this week in New York. The most since January twenty sixteen investors remain skeptical that cuts agreed to by OPEC and ital- is are sufficient to avert a looming oil glut, Charlie Pellett, Bloomberg radio. On place. Investors are finding some safety is the treasury market. Yield on the ten year note was last quoted at two point seven nine percent. Global news twenty four hours a day on air and it ticked back on Twitter. Powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Susanna Palmer. This is Bloomberg. I'm Barry ritholtz. You're listening to masters in business on Bloomberg radio. My special.
"invesco" Discussed on Bloomberg Radio New York
"Forty five the Bloomberg consumer comfort index than ten factory orders and durable goods orders as well. As a report on the service industry. That's a Bloomberg business flash. Now, here's Michael Barr with more on what's going on around the world. Good morning. Michael. Good morning. Karen? The body of former president George H W Bush is back in Houston, Texas after yesterday state funeral at the National Cathedral in Washington. Another funeral service will be held this morning for friends and family members before the forty first president is laid to rest of this presidential library, six US senators introduced a non-binding resolution that asserts Saudi Crown prince Mohammad bin Salman was complicit in the murder of columnists Jamal kashogi. The proposed resolution says prince Mohammed was in control of security forces at the time of kashogi is murder and that the Senate as a high level of confidence that the prince was complicit in the killing in the NBA. The nets lost to the funder. One fourteen one twelve the warriors and wizards were. Winners. Global news twenty four hours a day on air tick tock on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg. Nathan. Hi, michael. Thank you. It is five nineteen on Wall Street and live from the Bloomberg interactive brokers studios. This is Bloomberg daybreak and we're joined on this Thursday morning by Kristina Hooper chief global market strategist at Invesco. Thanks as always for joining us is Karen mentioned equity markets are deep in the red this morning, obviously, the arrest of Weiwei's chief financial officer is top of mind. But if that's what's sparking the selloff here. That's a heck of a move on the news well because it has a deeper meaning, right? We had hoped for some kind of at least short-term leisure Lucien to the growing trade tensions. And this just signals that the gloves are off. And that in fact, this could get a lot worse. Much more quickly at the same time though. We did hear from a spokesman for. For the Chinese government saying that they're full of confidence that a trade pact is possible within the ninety day window. They're talking about agriculture energy cars. I mean, doesn't that give something of a counterpoint to what's going on in Canada? There is certainly a glimmer of hope perhaps a few glimmers of hope, but the reality is that the market reacted overreacted to news that there was much more progress made in the trade deals, then there was and so that outsized reaction was that accompanied by a outside reaction to the downside. When we heard that things didn't get as far as was expected. And then of course, this just as a lot of pressure downward pressure on stocks because it sets us back a few steps. Yeah. I mean, that's a that's a great point. You're making it. It does seem as though the markets have really been whipsawed by all the back and forth news, depending on who. You're listening to in the trade dispute, how do investor sort of find clarity amid all this. What I think investors need to focus on it are those actual material developments as opposed to hearing the rhetoric around the trade situation. Yes this hallway arrest is concerning. But the reality is we haven't actually seen any kind of application of additional cares. So we can't panic based on what we've heard that far. We also can't overreact positively based on what we've heard this far, but we can use these wild swings and market moves to offer opportunities for entry points for those who don't have enough exposure perhaps to certain areas of the market. So where do you see some of those buying opportunities perhaps? Well, certainly US tech has taken the chin at times. And so that offers opportunities as well as Chinese technology beyond that, though, this is just an opportunity as we end two thousand eighteen. To get our ducks in a row to be well diversified within equities within fixed income and have adequate exposure to alternatives. And so this is a more comprehensive and broader opportunity than just picking up selloffs in the stock market amid all this. What's your outlook for twenty nineteen our trade tensions still going to be in the fortieth thing? Absolutely think we're in store for a bumpy ride. Because we know this situation is not going to be easily resolved, and that we're going to continue to be in a scenario where we take one step forward. And then we take one step or even perhaps two steps back. So that's gonna add to ball. But actually, the overarching force really increasing volatility and lowering correlations is going to be continued removal of said support that normalization process is going to normalize capital markets. Now, that's not a bad thing. But investors are in accustomed to the kind of volatility we had pre two thousand seven of the little correlations. We had I do believe that opens up opportunities though. And in fact, that's where returns will come from in two thousand nineteen we're likely to see modest asset class returns. And it's that alpha that should help investors increase their returns in our last thirty seconds here. Cristina de that returned to normalization is going to come sooner than the fed has signalled up to now. I don't think. So I think this is going to be a gradual process, and certainly encouraged by the feds reiteration that it remains data dependent. And so I'm like vigilant like guard it will sit on the sidelines and watch the data and at times may pull back from normalization because the data doesn't look as good. So I think that that should remain a comfort to markets, and certainly is to me. All right. We'll hold onto the dramamine amid the choppy seas Kristina Hooper chief global market strategist at Invesco. Thanks as always for the insights and taking a look at the markets at the moment, they continue to.
Trump's legal team is preparing answers to Mueller over collusion questions
"Five hundred forty six points more than two percent twenty five thousand fifty two the NASDAQ closed ninety two points lower a loss of one under quarter percent, the S and P five hundred lost fifty seven points or two percent. Kristina Hooper of Invesco tells Bloomberg radio she thinks this will pass I would
"invesco" Discussed on BizTalk Radio
"Out yesterday. And what do I know from freon gas to see, oh, I don't know this stuff. Probably take it to the Cadillac dealership. I got this ancient Escalade that I love. One hundred twenty five thousand miles on it. And I'm sure the average Joe on the street can go buy some canister something screw it in air conditioning works fine. I'll take it. The dealership. No cost me two hundred bucks. Which I think is why in many instances if you have good advice as it relates to your own financial plan. Can teach you how to screw in the canisters. Get your air conditioning back on. Anyway, that's one of the issues. We'll talk about how the advisor plays a role on certainly that emails coming up as well. Raylucia dot com. Click on the ask Ray button. L U C. I A dot com on that same subject. There was another study done. Take a look at who. Actually, did it Invesco. There you go. Invesco survey investors and advisors before. And after the February selloff. And be interesting to see how both responded, I think both were a little bit off base to be honest with you when I get to that. But I start today with this Ron Paul's back in the news, not rand he's in the news almost daily, and I can never figure out where rand Paul's coming from half the time. He's speaking against Trump and half the time. He's with Trump. But his dad Ron Paul the famous libertarian. Just said the other day, July twenty eighteen July fifteen July. Yeah. July fifteen twenty eight teams not too long ago. He says this quote, this is the biggest bubble in the history of mankind, and it's going to burst. Okay. Ron Paul is added again, the biggest bubble in the history of mankind. And it's going to burst. So I look back in a my archives. Twenty one June twenty fifteen here we go three years ago. Ron Paul economy will soon have day of reckoning when you'll see the very very big crash. I didn't go back farther than that. But I I'm sure we could. Because he's been saying it for a long time. Now, I'm not a dumb guy. There's all kinds of people that are very, very smart. That have been predicting a massive market crash for years. Harry dent, the famous economist and several others. But allow me to remind everybody that was in two thousand fifteen. And over the course of the next two years. The market went up forty percent. Or close to it. So in other words, the market could suffer a forty percent decline. And still probably be ahead of where Ron Paul was. When he first announced this very very big day of reckoning. And it makes the point that I have made for years on this program. And that is for individuals with a strategy in mind. He shouldn't have to worry about market crashes. You just have to know that stocks are a very long-term investment. Sometimes over short terms, they do very well. And those are the lucky people. But you and I don't have that kind of luck. And so therefore we have to assume that on the day we invest in the stock market it's going down, and it may stay down for a while. And we've got a manage our behavior. And that brings me to what I think maybe one of the most important discussions we've ever had. And that is in investing. It is keyed to be aware of your bias. We all have them and eliminating the biases that we have is nearly impossible. We're just not wired that way, and so we have to through education yet ourselves up to the point where we understand what our failings may be because of what we've been taught. Who we listen to who we hang out with? I know this to be a fact because I have some very very very close friends some are way off in the right wing and some are way off in the left wing. And I get emails from them on a daily basis because I am somewhere in the middle. But I'd be friend everyone. I don't really have animus toward anyone regardless of political or religious or whatever beliefs. Even though I have my own strong, religious and political beliefs. Can I say like this guy struck I leave my bias? He's at the door. I don't know. But bias has been in the news a lot lately, hasn't it? So behavioral finance, which is the study of how economics and psychology intersect. Has been a growing field. And the behavioral sciences. Help us to recognize where our natural biases are let me go through a few of them. This was written by Elaine. Schroeder not too long ago. On CNBC. And it's excellent. I the hot hand fallacy. This is the notion that because one has had a string of successes here. She is more likely to have continued success. For example, one study found that casino gamblers. That more after winning because they believe that their chance of winning again was greater than before. We all know that's not true..
China Seeks Economic Boost as Trade Spat Grows
"And now onto money. Watch, the, flood, of, corporate, earnings reports will continue today Amazon McDonald's Bristol Myers Squibb and Beazer. Homes are among the companies scheduled to. Open their books Kristina Hooper of Invesco tells, Bloomberg radio investors are paying less attention to. Trade, issues certainly Trump trade in the minds of investors However I would argue that that, may be a mistake because trade to. Have a very very significant impact on the overall economy Hooper. Is worried the current trade tensions could escalate the World Trade Organization opens a general council meeting today. To discuss the trade conflict between the US and China the. Commerce Department will report on June orders for durable goods before the markets opened this morning reports on wholesale inventories and housing. Vacancies will be out right after the start of trading we also get the weekly, updates on new unemployment claims consumer Comfort mortgage interest rates and natural gas supplies Jeff Bellinger Bloomberg radio China's economy. Is slowing down even, before the effects of trade tensions kick in that could. Be, bad, news, even, in, the US I'm Geoff Colvin a fortune magazine with the fortune business. Update China is the world's second largest. Economy after the US and it grows much, faster than our economy with the result that. China, alone generates as much as one third of the world's economic growth the government has, been trying to slow down growth in. A controlled way but now some analysts say the escalating trade. War with the US could slow the growth much more than planned new tariffs could disrupt the global. Supply chains of many American companies and the effects of slower. Chinese growth would reverberate more broadly around the world affecting companies everywhere including in the US business is far more global than. Ever and no company is immune to what's happening on the Other side of the world I'm Geoff Colvin and, now page from the diary of Flo dear diary there's something about protecting people's homes through progressive that inspires me 'cause I just had an. Idea for a book well it was originally an idea for a movie. Based on a play inspired by.
As the EU and US meet for trade talks, are the markets overly optimistic?
"Steady as she goes. European, stocks are steady on earnings after a positive session in Asia never. Mind all that. Other static, which. I now by Kristina. Hooper chief global market strategist for Invesco Christina good morning welcome in our faces at this moment is, this. Meeting today between, President Donald Trump and the European Commission chief. But it seems investors are deter To stay focused on, the fundamentals do earnings Trump trade Earning certainly Trump trade in the minds of investors However I would argue that that may be a mistake Why is that Well because trade could, have a very very significant impact on. The overall, economy I mean let's face it if we start to see any kind of amplify -cation of what we've already seen that could be extremely problematic in a number. Of different ways I would point, first and, foremost of course to the kind of, lack of confidence, lack of, visibility economic policy uncertainty as, an enormous problem something that really camps down, on business investment and we're already hearing about it through fed contacts as well as the Federal. Reserve beige book this, is. A problem yes but as, as I noted the market seemed to. Disagree with you most to group of ten currencies are steady is as traders await developments from this. US, EU meeting well because there's this expectation that none of this will actually. Come to fruition Even though some already has I also. Think a lot of, what's. Causing markets to ignore this, is that there's no frame of reference. Last time we went through a serious economic impact from tariffs you could argue not many of us. Who, are alive so where does that leave the Federal Reserve do you think That leaves the Federal Reserve. In a precarious place but, we know what Sharon Powell's outlook is which is if it's not showing up in the data I'm not doing anything, about it and so even though we're hearing that. There's been a, big increase in economic policy uncertainty and that some businesses have already scaled back or postponed business investment it is. Business as usual and that's really the problem is that we know these risks are lurking there once it. Shows up in the data, it could be too late windows Wall Street factory in. This pause this business that you're talking about Wall Street starts to. Factor it in when it shows, up in the data but even then I think there's going to be focus on whatever is positive that's. Going on right now it's earnings and of course that's a. Very important factor shaping the outlook for stocks but I. Would argue that earnings are in the rear? View window and So what we need to really do is look ahead and, see what the future might bring and so, that's why the earnings calls are important because we want, to hear from companies now thus. Far FX has been a bigger area of focus for as a p. five hundred, companies, but that makes sense I do believe though that tariffs are an. Issue and we're going to, hear that more and more of those people who's fond of asking what could possibly go wrong but let's say it, goes right isn't isn't the market correct for for. Sort of anticipating, based on the facts rather than the potential if it goes right absolutely but I think there's a much smaller. Chance of it going right then going wrong already we've seen more terrorists come to fruition than the market. Expected and so the market, has reacted in a very short term way but on. Its blinders and gone back to focus on positive but the reality is That. If things get worse than it looks as though the Trump. Administration is very much focused on amplifying I'm straight telenovela and so, it could get a lot worse
Cisco stocks tumble after Amazon competitor reports
"One the ports americans worries over global trade greatly accelerated thirty eight percent of consumers potential negative from tariffs that's up from twenty one percent in june any del giudice bloomberg radio as for trade tariffs and the interest rate environment kevin holt is senior portfolio manager at invesco advisers if this trade issue resolves itself and the terrorists don't going to place longer term you're going to see the year pop over three percent the markets have become much more comfortable with what the feds doing shares of cisco systems tumbled after reports amazon is considering becoming a competitor dragging down networking equipment companies cisco was down four point one percent the dow the sp nasdaq all moved higher s and p five hundred index up three points to twenty eight one up one tenth of one percent dow industrial's up ninety four four tenths of one percent nasdaq at a record up two points to seventy eight twenty five a gain of less than one tenth of one percent global news twenty four hours a day on air and at tick tock on twitter power by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm charlie pellett this is bloomberg politics a pretty interesting fight within the republican party itself policy currently there aren't really federal regulations in place power the white house has an issue stephen on the bill just yet beltway news insight and analysis this does seem like an unconventional reality from bloomberg politics a kind of radical agenda that breaks with democratic tradition and bloomberg government heated rhetoric in washington and nationwide this is politics policy and power with amy morris and peter barnes on bloomberg radio.
Cisco Drops on Speculation Amazon Entering Networking
"One the ports worries over global trade greatly accelerated thirty eight percent of consumer sip at ten negative from tariffs that's up from twenty one percent in june any del giudice bloomberg radio as for trade tariffs and the interest rate environment kevin holt is senior portfolio manager at invesco advisers if there's trade issue resolves itself and the terrorists don't go into place longer term you're going to see the tenure pop over three percent the markets have become much more comfortable with what the feds doing shares of cisco systems tumbled after reports amazon is considering becoming a competitor dragging down networking equipment companies cisco was down four point one percent the dow the sp nasdaq all moved higher s and p five hundred index up three points to twenty eight oh one one tenth of one percent dow industrial's up ninety four four tenths of one percent nasdaq at a record up two points to seventy eight twenty five a gain of less than one tenth of one percent global news twenty four hours a day on air and that kick talk on twitter power by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries i'm charlie pellett this is bloomberg this is bloomberg best bloomberg best is about the insight and the context get from our guest is a great way to catch up on some of the stories you might have missed on the bloomberg stories you're not going to find in any other news organization bloomberg best bloomberg's best stories of the week powered by twenty seven hundred journalists and analysts in more than one hundred twenty countries around the world i'm ed baxter june grasso i'm visited of bloomberg best former treasury secretary jack lew discusses his concerns for the us economy a lot of the issues that are being addressed through the trade war are actually going to hurt the us economy mark melody is on global trade outlook we are in uncharted waters was anthony scaramucci discusses the future of skybridge after a failed sale growing.
"invesco" Discussed on Capital Allocators
"Time are they're going to probably not right what's the institutional presence in the market is it something that you can quantify it's growing i would say ballpark might be the four hundred five hundred billion area invesco powershares does a good job of serving these folks on a regular basis and a couple of things that i can share with us the percentage or allocation that's gone into pure beta etf's continues to increase and really last couple years for the first time they've started implementing smart beta strategies a lot of institutions have and my big question was where that money come from did it come from money they're taking away from hedge funds some but they're actually shifting money from pure beta kappa it strategies as well so that makes a heck of a lot of sense what's happening with fees so we know in the index side all it's compression race to get to the lowest fee can being obviously is a big presence in the space as well what happens with the smart beta strategies well there's fee compression there too you can get a smart beta strategy goldman for nine basis points you have pure beta strategies now for four a lot of folks in the industry it's just going to go to zero because you can make a little bit on the spread and securities lending is now playing a bigger role so securities lending some areas can be two to three basis points and are you going to keep that yourself going to share with the shareholders there's a big debate about that but during bear markets there's even more demand for securities lending so that's something to kind of think about which might come into play in the future cease get distributed it's a great question because it's been very disruptive for the money management business much of the.
G7 allies confront Trump with trade numbers in tense G7 summit
"And now the kyw business report here's jeff bellinger bloomberg business president trump heads to quebec today for a two day summit with other g seven leaders and it is expected the trade will top the agenda american trading partners are upset over the new us tariffs on iron ore and aluminum the possibility of a trade war is a concern for wall street but kristina hooper of invesco tells bloomberg radio.
Toronto van rampage suspect Alek Minassian charged in court
"And air conditioning we're learning more about the twenty five year old driver who ran over pedestrians in toronto yesterday he appeared in court today is aaron katersky reports the canadian armed forces said van attack suspect alec minassian was a member for two months he did not complete basic training and asked to be released after sixteen days the nasdaq and was ordered held on ten counts of murder and thirteen counts of attempted murder following a brief court appearance one of his victims was identified as an marie d'amico who worked for us based invesco and volunteered at rogers cup tennis canada said it would honor her memory at this summer's tournament manashian showed little emotion during his brief appearance in court today though was father cried and looked stunned in the gallery called a gun owners in richland county today from authorities who say they are unwittingly providing many of the weapons fueling a sharp rise in gun violence in colombia sheriff leon lott says too many of them are leaving their guns and vehicles where they can be easily stolen when you get home at night don't leave your pistol in the car taking in the house you house we got these hoodlums out here around neighborhoods and they break in cars and they still to guns that's the source of most of the guns that we're seeing there being user being stolen columbia police in the richland county sheriff's office announcing a new joint campaign today to target gun violence which they say is often committed by the same people with the same guns police suspect the rain and unsafe driving attributed to a wreck west of shelby this morning that killed two young people twenty year old is a assignment in nineteen year old sarah smith were killed after their car drove off whittaker road crashed into a tree around four o'clock this morning elinor county woman facing fraud charges and maybe some bad karma for allegedly filing more than.
Trump eyes more tariffs on Chinese goods
"The track manufacturing and service sector activity government reports on durable goods orders and sales of new homes highlight the schedule for tomorrow kristina hooper of invesco tells bloomberg radio threats to impose more tariffs on chinese imports have made investors wary selected going forward because we know some industries are going to be impacted more by protectionism and we just don't know much about the trump administration plan going forward nike carnival in darden restaurants are among companies releasing quarterly results today and dunkin donuts says a new shop opening today in corona california is a next generation concept shop bloomberg money watch at twenty six and fifty six past every hour i'm jeff bellinger four ten ten wins.
"invesco" Discussed on Bloomberg Radio New York
"Of life we think invesco for their support support masters i look at this and against going back to the import of g everybody's gotta move faster today i mean i made a theme of this three four or five years ago davos were the new fiveyear plan is three years tiny alike flannery not specific to g e but in general corporate officers it's like a one year to your time horizon right it's true where it's it's harder to get investors to be patient for more than a couple of years because they're tamraz and a strong but on top of that the pace of the economy as a whole is also accelerating because if you fall asleep for one productcycle you can really lose your business and that was not true twenty or thirty years ago so too much less forgiving environment for companies you just can't make mistakes how close he watching what set unfolding in washington dc to present making his way back from asia over these next few hours he'll be agreed by some political controversy on capitol hill of course but also just the the latest on at his tax reform writing process how much does that matter to you how much as it mattered markets right now how all of this is sorted out here over these next few weeks of course it matters young if there is a tax cuts and it's really about tax cuts it we're talking now then in the short run people might think that that's good for corporations but that's a one time benefit if it if it materializes in the longer run a big tax cut means much bigger deficits and that will probably translate into not only more interest rate rises but actually the need over the next few years to have a tax hike to catch back up with his deficits so i think that there's a lot of concern about that getgetting getting i mentioned and it's not in people's radar screens yet but we are only about three weeks away kgb nathan and that that issue is going to be very narrowly and given the timing may very well interact with this whole tax cut discussion i think that that is going to be a very messy process different than it has been in the past and has become so when you're to these shortterm spending bills and debt shortterm increases of of.
"invesco" Discussed on KTLK 1130 AM
"Five two eight one four fortyfour ten again nine five two eight one four forty four ten or economics hip 250 is sovereign just say ota you'll be directed is right there in bloomington on talk a little bit about you know i always like what how about following their heard your incompetence and and how the pros rows confidence but the pros are now is right so this christina hooper came or something pretty cool this week that i really like she's a global market strategist at invesco and she offered a note of caution citing a rise in the investors intelligence serve va that's abortionists register above the critical sixty level for three consecutive weeks a high bushes this record is viewed as a contrarian signal says with any indicator is not foolproof she says but it does suggest more caution and discernment inches investments it is a reminder that investors with longer longer time horizons typical need capital appreciation they need to keep in mind the importance of downside protection but let's get back to what investors intelligence survey is okay so basically eight w cohen january of 1963 he created it and it's been published every week since so cohen was surprised to find out that the news letter writers just like average investors and speculators were usually wrong at major turning points out coin found the best time to invest was not when most advisers were bullish but when they were bearish so base soglo is a contrarian indicator meaning guess what he go it's it's it's a shot at advisers because what what this is basically saying is we're going to invest opposite of what the pros thick well even warren buffett has his said you'll be greedy when others are fearful and fearful and others are greedy in.
"invesco" Discussed on Bloomberg Radio New York
"Invesco hennessy parody of varriale learn more at bloomberglivecom now the news president trump will begin his fivenation trip in japan sunday it's the longest trip to the region by an american president in a quartercentury of course pounded alexandra fielders is in tokyo this will also be a trick for him to spend a good deal of time with prime minister shinzo all day the to play round of golf together there are also scheduled to have a somewhat informal dinner with both of their wives in attendance before the war formal meetings take place on monday police in new york city say they're building a rape case against disgrace movie producer harvey weinstein chief of detectives bob says weinstein would have already been arrested if he was in new york we have an actual case so we're happy with where the investigations by now uh mr wife susan out of state we would need a rest want to arrest him so right now we're gathering or of president trump says the sentence of army deserter beaubourg dollars a completed told this race to the military and the nation he was not sentenced to prison i'm christopher cruise you're listening to bloomberg business week with carol massar and julia generally from bloomberg radio that same it would be the year ahead unless he filled view in on the companies were watching out for to make a big splash in 2018 dimitre cassini dis edited the story for us and she joins us now so dimitre in the year ahead fifty companies that were keeping an eye on tell us exactly how you had business we compiled the list and what you were looking out for well bloomberg has bloomberg intelligence.
"invesco" Discussed on KBNP AM 1410
"Very important quit rain is back you know it's pretty much where it was before the great recession as they call it two thousand eight two thousand nine there's enough people quitting i mean she views it as a sign of conflict insight you can just get up push back from your chair and tell the boss that i'm not gonna take it anymore i'm out of here so he had it quits rate is pretty high and that speaks to confidence don't forget these confidence surveys are pretty much skyhigh right now uh so you know confidence is not lacking in the economy so far how how wide is is the gap between those reads of confidence this off data and the the hard data and d do you expect there to be a narrowing of that of that gap gosh there's so many survey's out for a while consumer spending was doing quite well let's just in that third quarter here starting out with a weak note we'll see what happens next week for retail spending but consumer spending was completely normal in the second quarter consistent with good confidence it's just come off a little bit recently we'll see if it bounces back from them all right of their time ruin friday get ready for red searching for the worldwide big sec the beginning a baseball in the red sox yankees he's playing late near they got the schedule backed away has been for decades instead what we've seen the last couple of seasons bloomberg surveillance this morning is always brought to you by invesco for could sized marketed economic inside eight delivered year in bucks weekly count on invesco global market strategist christina hooper visit invesco dot com slash hooper.
"invesco" Discussed on KBNP AM 1410
"The sco invesco dot com slash and you as a little bit of stagflation out of the b oh you know it's really really interesting tape on it's six two two vote david gura the idea here truly of a modelled higher inflation and with the rules stagg element to girls into wage growth as well sterling one thirty one 64 really gives up the 132 ghost weaker sterling over the last two newts i've been dying to ask you this question we're on the edge check welsh all of a sudden everybody's talking about a lack of pricing power you basically arbitrage you look for value if look for stocks that aren't work and that the rebel line is price in quantity price and volume how does a lack of pricing power at the finish p is the revenue line how's it folded and your work is that a good thing or a bad thing in aggregate it's a bad thing and one of the things we we've noticed saying the industrial sector because who we had any number of companies report in the industrial segments reporting of the lost ten days or so is despite the uptick in certain commodities which would generate which are input costs for most industrial companies generally those things get passed too long in higher prices and over time reflect themselves in in in most a more stable margin profile for the underlying company and for an aggregate again abroad generalization but in aggregate the industrial companies showed very good volume but didn't raise prices here to offset the the rising raw material costs w we not we find that curious team for now either the ceos in aggregate are unwilling to to unsettle the the applecart maybe the they haven't seen in environment where they had commodity input prices go up and on nervous to raise prices worried about losing market share but but but these asio's needed start tilting two two two more being the investor and less of being the productivity manager lou.
"invesco" Discussed on Bloomberg Radio New York
"The sco invesco dot com slash and you as a little bit of stagflation out of the b oh you know it's been really really interesting tape on at six to two vote david gower the idea here truly of a modelled higher inflation with the rules stagg element to growth in wage growth as well sterling one thirty one 64 really gives up the 132 ghost weaker sterling over the last two needs i've been died ask you this question we're on the edge eject welsh all of a sudden everybody's talking about a lack of pricing power you basically arbitrage you look prevail you look for stocks in our work and that the revenue allied as price in quantity price and volume how does the latter pricing power at diminish p the revenue line how does it folded into your work is that a good thing or a bad thing in aggregate it's a bad thing and one of the things we we've noticed saying the industrial sector because we had any number of companies report in the industrial segments reporting of the lost ten days or so is despite the uptick in certain commodities which would generate which are input costs for most industrial companies generally those things get pasta along in higher prices and over time reflect themselves in in in most a more stable margin profile for the underlying company and for an aggregate again abroad generalization but in aggregate the industrial companies showed very good volume but didn't raise pricier to offset the the rising raw material costs we not we find that curious team for now either the ceos in aggregate are unwilling to to unsettle the the applecart maybe there they haven't seen in environment where have had commodity input prices go up on our nervous to raise prices worried about losing market share but but but these asio's need to start tilting two two two more being the investor and less of being the productivity manager for neutral injury may be is heard its vote given what can we can we learn about consumer staples with what's happened with that with whole foods here over these last couple of months and other iraq stating for whole fruits to do more to to to improve its business immigration earlier david on television mentioning.
"invesco" Discussed on WNYC 93.9 FM
"Most young people have early signs of their becoming too stressed say is among such twit last hair semenas mixed on julian on a slave that they can identify the early signs that you can distract him at that point guarantees healthy strategies at that point and they were much more effectively then and if you wait until invesco late and then not apples and say rationing isis brady release hope feels like it's burning if you hold ice tightly put it naturally do any damage as the ice melts the hill that stress melting away as well uh the young people deconflict ping lasting plans on their race still brighter neurons it has been a huge adjustment from me not just in rare a sponsor her cunning and not just reacting to seeing the cuts but also in just the way that apparent her i know that yelling is a trigger for her and so it makes our go inside herself and it makes her anxiety rise saw oh that's been the challenge because you know as the parent you still have to check behaviors though if you're not doing well and score if i have repeatedly told you to do the dishes than you don't do them then i need to come and tell you that you need to do these things and you need to get yourself together but at the same time doing in in a way that is still respectful without being to water down and that has been the hardest thing for me trying to continue to maintain a balance in trying to figure out where schuyler the person normal teenage behavior and her mental health issues all.