"jeffries group" Discussed on Bloomberg Radio New York
"Sound on. China is no longer just an economic threat, it is now a political threat. Clearly the bed can not say that inflation is under control. Bloomberg sound on. Politics policy and perspective from D.C.'s top names. Ron DeSantis is very much keeping the gloves on. He's really denying Trump that mano a mano fight that Trump is begging for Kevin McCarthy is not going to get anything through without major democratic support. Otherwise, we're going to end up in a shutdown. Bloomberg sound on with Joe Matthew on Bloomberg radio. Who knew what and when? Welcome to the fastest show in politics as members of the House get their turn now and grilling the regulators that some say saved the banking system, others blamed for causing it. We're joined on this second day of bank hearings in Washington by John Rizzo, senior vice president at the Clyde group, former spokesman for the Treasury Department. Analysis from our panel, they're back today Bloomberg politics contributors Rick Davis and Jeannie Chan Zeno were with us for the hour, and later this standoff over the debt ceiling will step into the breach with congressman Nick lalota Republican from New York. First the markets, let's get up to date on things right now for that week turn to Charlie. I thank you very much, Joe Matthew hire across the board right now off session highs, but the S&P, looking at a 39 point gain right now, the S&P at 4010, up now by 1%. The Dow higher by 214 up by about 7 tenths of 1% and NASDAQ up 140. That is a game now of 1.2%. Ten year yield 3.56% of the two year four 6% spot gold down four tenths of 1%, 1965, the ounce, Bitcoin surging 3.3%, 28,200 on Bitcoin, West Texas intermediate crude up one tenth of 1%, 73 27 a barrel. Risk appetite continues to recover from turmoil in the banking sector, as investors turn their focus to data on the Federal Reserve's preferred measure inflation due out tomorrow morning. Samir samana is senior global market strategist at Wells Fargo investment institute. At the end of the day, as much as we would like for the fed's mandate to be leading credit, it's really unemployment and its inflation, right? Two of the most lagging variables. That is their mandate, whether we like it or not. And so if inflation starts to take back up, if wages start to tick back up, if the labor markets remains incredibly strong, and it does the fed say, we're going to kind of pause here just to kind of see how things play out. I think that's pretty unlikely. After earnings, Jeffries group up 1.1% after earnings Mike Ron technology rallying 6.2% and Lululemon athletica surging now by just about 12.9%. Among the names today reporting after the close of trading planet labs semtech and orange. I'm Charlie peloton that is a Bloomberg business flash. Charlie thanks. And thanks for being with us on Bloomberg
