21 Burst results for "Jim Paulsen"
Bloomberg Radio New York
"jim paulsen" Discussed on Bloomberg Radio New York
"In honor of the 40th anniversary of what's love got to do with it, Mattel announced they'll be creating an official Tina Turner Barbie doll. The doll will be part of the company's music series and features Turner in the iconic black mini dress, Jean jacket, and tights that she wore in the music video for what's love got to do with it. I'm Trey Thomas. Bravo Khan is returning to New York City this weekend. The event for super fans is running now through the 16th at the javits center, according to the network, there will be interactive experiences live performances along with bravo stars. Fans will also be able to see Real Housewives of New Jersey favorite Teresa giudice. Bravo Khan was postponed the past two years due to COVID. I'm Brian schuch. And I'm Charlie pellet. At Bloomberg world, headquarters. A losing week for the U.S. stock market, a down Friday after a report showed U.S. year ahead inflation expectations rose for the first time in 7 months. Emily Roland is co chief investment strategist at John Hancock investment management. There's certainly been a lot for markets to digest this week in today as well. And I think inflation dynamics really are front and center inflation, of course, has been sort of enemy number one as far as the backup and rates as far as the fed hawkishness. And then it is just not going away. Emily Roland of John Hancock. At the Luthor group, chief investment strategist Jim Paulsen says this may be the time to start buying stocks. Bear markets don't generally end under conditions that make a lot of sense. Usually the news is horrifically bad you feel helpless and there's no solution to the problems you face. And then the market starts going up for no reason whatsoever. Jim Paulson of the Luthor group. A survey from the University of Michigan says consumers expect prices will climb 5.1% over the next year up from 4.7% in September. Jo Ann Shu is director of surveys at the University of Michigan. People are still feeling the bite of inflation. Higher income people are now really starting to feel concerns about their asset values and the improvement that we saw before. It has been really tentative. Joanne Shue of the University of Michigan News Corp. is confirming it will explore a combination with Fox corp. Stock's law, S&P down 86 down 2.4% the Dow down 403 down 1.3% NASDAQ down 327 down 3.1%. 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
Bloomberg Radio New York
"jim paulsen" Discussed on Bloomberg Radio New York
"Inflation expectations were on the rise. The tech heavy NASDAQ plunged 3% in volatile trading to end the week. The mayor of Raleigh, North Carolina is calling for more action to address gun violence after a deadly mass shooting in her city. Lisa Taylor has more. 5 people were killed, including an off duty police officer, mayor Mary Anne Baldwin said we must stop mindless violence in the country and address gun violence. A 15 year old boy is accused of the shootings, the suspect was arrested and transferred to a hospital in critical condition. A federal judge is allowing those enrolled in the DACA program to renew their two year protections from deportation and keep their work permits that keeps the status quo while a court case plays out. It's a sigh of relief for those known as dreamers who were brought to the country illegally as children. However, new applications won't be approved, claiming a crime may have been committed prosecutors who argued the Parkland Florida school shooter case want an investigation into the allegations made by the lone juror who voted against the death sentence. She alleges she was threatened by another juror. Whatever legal process they have, I think they should use it because I do think it was a miscarriage of justice. Florida governor Ron DeSantis believes this is the perfect example of a death penalty case. He's also concerned this case took nearly 5 years so he's considering reforming the system so it supports crime victims, not just the ones that commit them. The race to replace Ohio senator rob Portman is neck and neck, recent polls show less than a 1% spread between democratic candidate Tim Ryan and his Republican challenger JD Vance. That's within the margin of error making the race too close to call. Next month, Ohio Senate race is being closely watched by Americans because it's one of just a few that will decide which political party controls the U.S. Senate in 2023. I'm Brian shook. Hearing aids will be sold over the counter starting on Monday without a fitting from a doctor. It's seen as a positive move from those in the audiology industry. Jackie Clark at the University of Texas says consumers still need to do their homework, but wider availability will benefit many suffering from hearing loss. A big deal has just been announced in this supermarket business. Rory O'Neill reports Kroger and Albertsons are merging to create a national supermarket chain operating in 48 states. The $24 billion deal emerges Ohio based Kroger and Idaho based Albertsons, creating a company with nearly 5000 stores and more than 700,000 employees. Kroger says it will invest more than a $1 billion upgrading albertson stores and spend another billion on increased pay and improved benefits for employees. I'm Rory O'Neill. A pretty good golfer in Arkansas is suing after a country club refused to give him the really good prize it promised Michael kasner reports moralton country club east of Little Rock posted on Facebook hole in one on number ten gets you the keys to the F one 50 thanks to Jay Hodge Ford of moralton, while after Austin clay get paid the $375 entry fee and scored a hole in one on the tenth hole last Saturday, he expected to drive home in his new truck, but the country club and the car dealership are refusing to hand over the keys so clay gett is suing them both. In the Facebook post last month, the country club set the dealership as giving us a truck to give away. The dealership now says the truck at the golf course was for display only, and the country club promoted it as a prize without the Ford dealers consent. I'm Michael kassner. The richest man in the world is now selling perfume, but he isn't calling the scent Musk, Tesla SpaceX and boring company CEO Elon Musk is marketing a perfume called burnt hair. Mosque announced on Tuesday that it's available on his tunnel drilling company's website for a $100. I'm Brian shook. And I'm Charlie pellet, at Bloomberg world, headquarters. A losing week for the U.S. stock market, a down Friday after a report showed U.S. year ahead inflation expectations rose for the first time in 7 months. Emily Roland is co chief investment strategist at John Hancock investment management. There's certainly been a lot for markets to digest this week in today as well. And I think inflation dynamics really are front and center inflation, of course, has been sort of enemy number one as far as the backup and race as far as the fed hawkishness. And then it is just not going away. Emily Roland of John Hancock. At the Luthor group, chief investment strategist Jim Paulsen says this may be the time to start buying stocks. Bear markets don't generally end under conditions that make a lot of sense. Usually the news is horrifically bad you feel helpless and there's no solution to the problems you face. And then the market starts going up for no reason whatsoever. Jim Paulson of the Luthor group. A survey from the University of Michigan says consumers expect prices will climb 5.1% over the next year up from 4.7% in September. Jo Ann Shu is director of surveys at the University of Michigan. People are still feeling the bite of inflation. Higher income people are now really starting to feel concerns about their asset values and the improvement that we saw before. It has been really tentative. Joanne Shue of the University of Michigan News Corp. is confirming it will explore a combination with Fox corp. Stock's law, S&P down 86 down 2.4% the Dow down 403 1.3% NASDAQ down 327 down 3.1%. 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. This is Bloomberg best. Bloomberg radio is everywhere. Always accurate and precise. Bloomberg really one of the places that's
Bloomberg Radio New York
"jim paulsen" Discussed on Bloomberg Radio New York
"There on the fed on the choices on the optionality, the degrees of freedom that any given Central Bank has he's been someone who says, look at inflation, here's what it could be interesting to see. If he visits Wall Street week this week and where professor summers is on the inflation report that we've seen, we're 12 minutes away from an incredibly important claims report, yes, PPI as well. I guess final demand PPI will be of interest, but claims to me is absolutely front and center. This is what we like to do. We are driven by the research of our guests. And when someone writes a piercing note, we say Michael purvis of tall back and we don't care that you're living large in Spain, we need to speak to you in the Spanish afternoon of a 4 p.m. with a sangria or a martini by his side, Michael pervis joins us on optimism on the market. Michael, I would predict every strategist, every market, savant has to come out this weekend and adjust. How did you adjust this morning? Well, look, I've been arguing that the recession economic contraction was really a pretty speculative argument that that was the argument that had been made pretty substantially. And this in the last two weeks, we've had the three most important economic data points, you know, the ISM, the services ISM, the non farm payroll, and then the inflation yesterday come in just the way you want them in terms of affirming that not necessarily in a high in place of negative growth or contractionary condition there. So when you look at positioning, Tom, and this is both treasury positioning and equity positioning. It is extremely barriers on both sides there, right? So the market is, there's a vacuum there. And when you have those three important data points line up, you're looking at Q two earnings that actually the beats on earnings from both evidence and earnings were better than the Q one D, you're looking at a situation where the market is going to move higher. So I have a tactical call up another 200 points to 4400 and my yearend call adjusted at 4500. I'm not saying we're completely out of the Woods, but I think the certainly for the near term water is going to move higher not lower. Michael, how much is your conviction right now underpinned by this idea that we just heard from Jim Paulsen, which is that we are at the beginning of an easing cycle that inflation is rolling off much more quickly than the fed is expecting and that they're going to have to catch up with the market. Look, I think there's sort of looking at the Euro dollar features curve and looking at the, I think it's 50 basis points right now, cuts next year. I think that's an aggressive assumption here, but from an how assets trade point of view, we see some stability where sort of peak hawkishness going from this fed pivot of just a year ago being categorically divers to now sort of categorically caucus, right? That's one of the most aggressive pivots that policy. You're going to have that asset prices disrupted. And we've had that, right? So I think right now, that is it. And so whether we get 50 basis points, 75 basis points or zero basis points in constant 23, I think as long as we can look at something that's resembling some sort of stability in the bond market, that's almost more important than what the average expectation for your dollars. Michael, how much do you take a look at this idea that you had the biggest increase in food prices going back to 1979, rents are surging. You see areas in nondiscretionary spending that are crimping the average American household balance sheet. And that has yet to fully play out. How do you factor that into your bullish thesis? Well, that's a very good, very fair point. And I do think there's very strong arguments for a lot of components of inflation to state higher, longer, right? But I think the question is, if the markets and the economy can sort of adjust to that, right? Then I think the paces of that sort of inflationary surges are going to be very different than what we've seen over the last 9 months, right? It's really the surge in the velocity of these inflation prints that have really disrupted the market. If we get to a point where we never get down to 2% and we're sort of adjusting to a new normal because of re global de globalization, we localization, higher food prices, energy supply that never really fully expand so that the oil gets down to 50 bucks again. Then I think you can look at a condition where those types of dynamics will play out in a much slower and basis and the economy can sort of adjust to them. But maybe the ten year doesn't go back to 2%. It may be that it's three to 4%, but if it stays there and then you can have the condition for risk assets to be supported. Is there going to be fundamental support though when we're thinking about earnings? Because as we talk about these inflationary pressures, there has been a lot of warning on the more bearish end of the spectrum from Mike Wilson, for example, about margin pressure coming on. And as I now look at an S&P 500 trading back at a multiple almost at 19 on forward earnings, when are we going to start to maybe have a problem with that denominator? Yeah, well, the earnings question, earnings, bottoms up consensus estimates compiled by Bloomberg are up about 6 and a half percent from the beginning of the year. That's unusual. Usually they go down to the year. And the Q two numbers have been generally pretty good. I think it's important to recognize that if you have a high inflationary environment without an economic major economic contraction, meaning PMIs in the 40s or 30s, right? You will have high earnings growth in the 1970s. You didn't have a great real GDP condition. You had this had a lot of inflation. But earnings growth was literally twice as high in the 1970s than it was in the 1960s when real GDP averaged like 4.3% for that decade there. And I think that's one of those things that high nominal GDP in wash away it actually helped margins for many companies, right? And certainly the top line is inflated by revenues as well. So you're not seeing a lot of margin depression. The other story, the market, again, I'm talking about the S&P 500 Index level, right? Obviously, there's a lot of specific sectors where there's a lot
Bloomberg Radio New York
"jim paulsen" Discussed on Bloomberg Radio New York
"Was temporarily on hold after learning that fake accounts make up nearly 5% of listed Twitter users The claim was made in a regulatory finding The Tesla and SpaceX CEO says he wants more details about that finding before completing his bid but maintains he's still committed to it This inspired a tweet from rapper Snoop Dogg who said he'd consider buying the platform if Musk doesn't A man is dead in South Florida after driving a ban through a gauge at a high school police spokesman Mike jackal says the man was shot Friday by a West Palm Beach police officer After the man ran into the auditorium at the Dreyfus school of the arts it's not known yet a suspect was armed no students were in the area The driver immediately got out of the van and became was acting erratically Running around the in session campus School staff and hobbies county school district officers acted immediately Police say the man ran over a palm tree and nearly over a maintenance worker in a golf cart the school was locked down for a time There was some type of fight that ensued Between the officers school staff and the suspect a West Palm Beach police officer discharged his weapon striking the suspect the incidents under investigation the officer who fired the fatal shot is on leave The price of gas is shooting toward four 50 a gallon triple-A reports the national average price for regular jumped two cents overnight to $4 43 cents marking the highest price ever for the fourth day in a row The majority of evacuations are over at the scene of a Southern California fire in Orange County orders remain for about 130 homes about 900 had been evacuated because of the coastal fire that 200 acre fire is now 25% contained It started Wednesday and destroyed 20 luxury homes on a ridge line overlooking the Pacific I'm Scott Carr And I'm Susanna Palmer in the Bloomberg newsroom The Supreme Court is widely expected to strike down a New York law that limits the ability to carry a gun outside the home Currently New Yorkers must demonstrate a special need for self protection in order to obtain a concealed carry permit Near Eric Adams says New Yorkers legally carrying guns will not deter crime or make the city safer There's a tendency that people believe that they got a gun why have it if I'm not using it That's just the mindset of carrying a gun We have to rid our streets of guns from good guys and bad guys Adams says if you have a bad day and you have a gun that can spell trouble Media reports quote officials are saying a riker's island corrections officer died after jumping off the verrazano bridge yesterday morning calling attention to the prison's ongoing staffing crisis Police said yesterday afternoon that Edward Roman jumped to his death on the Staten Island side of the bridge he was 38 India prohibited wheat exports that the world was counting on to his supply constraints sparked by the war in Ukraine saying that its own food security is under threat exports from India will still be allowed to countries that require wheat for food security needs and based on the requests of their governments all other new India shipments will be banned Stocks ended in other bumpy week with a gain Friday but not enough to keep the market from posting its 6th weekly drop in a row with the longest losing streak since 2011 Jim Paulsen chief investment strategist at Luthor whedon capital says inflation is a driver I think there's growing evidence that if peaked in March and it's going to continue to moderate as we go through the rest of this year And if we get this thing down to like 6% I think people are going to calm down a fair amount here For the week the S&P 500 fell 2.4% The Dow fell 2.1% the NASDAQ down 2.8% this week 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 Wall Street with alternate attention to the markets this week U.S. CPI members reinforcing concerns about inflation The financial stories that shape our.
Bloomberg Radio New York
"jim paulsen" Discussed on Bloomberg Radio New York
"Thursday Timmy what is it The velociraptor likes feces is arguably one of the world's most recognizable dinosaurs thanks largely to the movie Jurassic Park I'm Trey Thomas A couple in India is suing their son and his wife for not giving them a grandchild The couple's son has been married for 6 years and they filed the lawsuit earlier this month claiming mental harassment for the lack of grandchildren The lawsuit seeks $650,000 in compensation if a grandchild is not born within the next year The couple even said they would raise the child if their son and his wife were too busy with their careers I'm Brian shook And I'm Charlie pellet Bloomberg world headquarters Stocks came roaring back at the end of a nerve wracking week with the Dow the S and B and NASDAQ all rallying today Victoria Fernández is chief market strategist at crossmark global investments I'm not all in on the camp that we're having capitulation at this point in time or that we've hit a bottom I mean nobody calls that exactly but you look at the vix the vix is at a 30 And typically you don't see that capitulation until you get the vix around 40 Cross marks Victoria Fernández So another tumultuous week is behind us with one big topic on investors minds Jim Paulsen is chief investment strategist at Luthor weeden capital The fears we have today are tied to one thing really inflation That is the elephant in the room All the fears we have about high how high yields have to go how many times the fed's going to have to raise rates How much behind the curve they are whether they're going to have a policy blender ultimately a recession are tied to the inflation rate Jim Paulsen of Luthor whedon inflation is stomping on American consumer confidence as we hear from Bloomberg's Vinny del giudice The University.
Bloomberg Radio New York
"jim paulsen" Discussed on Bloomberg Radio New York
"Closing out another volatile week with a bit of a comeback Stocks jumped with the NASDAQ gaining nearly 4% as investors snapped up battered tech shares However the major averages still posted weekly losses of 2% or more due to the market's slide House speaker Nancy Pelosi says the nationwide baby formula shortage is unconscionable The California Democrat said the house plans to take up an emergency funding bill next week to address the ongoing shortage She said the emergency also serves as a reminder to invest in strengthening America's supply chains The White House is pushing Congress harder to authorize billions of dollars in additional COVID funding We are having bipartisan bicameral discussions about why we need this funding Press secretary Jen Psaki warned that some COVID programs may have to be shut down abruptly President Biden wants more than $20 billion to continue funding vaccines testing treatments and services I'm Brian chuck And I'm Charlie pellet At Bloomberg world headquarters Stocks came roaring back at the end of a nerve wracking week with the Dow the S and B and NASDAQ all rallying today Victoria Fernández is chief market strategist at crossmark global investments I'm not all in on the camp that we're having capitulation at this point in time or that we've hit a bottom I mean nobody calls that exactly but you look at the vix the vix is at a 30 And typically you don't see that capitulation until you get the vix around 40 Cross marks Victoria Fernández So another tumultuous week is behind us with one big topic on investors minds Jim Paulsen is chief investment strategist at luth old whedon capital The fears we have today are tied to one thing really inflation That is the elephant in the room All the fears we have about high how high yields have to go how many times the fed's going to have to raise rates How much behind the curve they are whether they're going to have a policy blender ultimately a recession are tied to the inflation rate Jim Paulson of Luthor whedon inflation is stomping on American consumer confidence as we hear from Bloomberg's vinyl Jude.
Bloomberg Radio New York
"jim paulsen" Discussed on Bloomberg Radio New York
"The garden state Shanghai officials aim to get to zero COVID cases outside lockdown by May 20th The city has been on lockdown battling China's worst outbreak since the beginning of the pandemic restrictions could be eased in this city of 26 million where extended lockdowns have caused citizens to experience food shortages and mental health challenges It's Friday the 13th and for some that's a frightening thought while New York City's mayor may not have much fear of the date Natalie migliori reports he does believe that Gracie mansion is haunted prompting New Yorkers to weigh in The country home built in 1799 became the mayor's residence in 1942 David thanks if there are any ghosts it would be the city's 99th mayor Laguardia Probably haunting the house making sure that the next mayors take care of the city But not every New Yorker is convinced like an ear Any old house will have some creaking at some point There are Adams isn't the first to suspect ghosts since former First Lady chirlane mccray said in 2017 that she also witnessed ghosts like activity I'm Natalie migliori Doctor Strange in the Multiverse of Madness is raking in large amounts of cash across the globe Disney announced the sequel film has surpassed $550 million globally since its release on May 6th The latest installment in the Marvel Cinematic Universe will face no major competition in theaters this weekend and is expected to bring in even more money I'm Brian shook And I'm Charlie pellet App Bloomberg world headquarters Stocks came roaring back at the end of a nerve wracking week with the Dow the S and B and NASDAQ all rallying today Victoria Fernández is chief market strategist at crossmark global investments I'm not all in on the camp that we're having capitulation at this point in time or that we've hit a bottom I mean nobody calls that exactly but you look at the vix the vix is at a 30 And typically you don't see that capitulation until you get the vix around 40 Cross marks Victoria Fernández So another tumultuous week is behind us with one big topic on investors minds Jim Paulsen is chief investment strategist at lethal whedon capital The fears we have today are tied to one thing really inflation That is the elephant in the room All the fears we have about high how high yields have to go how many times the fed's going to have to raise rates How much behind the curve they are whether they're going to have a policy blender ultimately a recession are tied to the inflation rate Jim Paulson of Luthor whedon inflation is.
Bloomberg Radio New York
"jim paulsen" Discussed on Bloomberg Radio New York
"It has been increasing over the past several weeks we've been seeing that At the same time the overall case numbers have been relatively stable with some increase in the last few days Officials say it does not appear the sub variant will cause more severe illness than omicron but believes it's more transmissible The city remains in what the health commissioner calls a low risk environment He says there are no further changes coming anytime soon to coronavirus restrictions Toyota is temporarily stopping operations at many of its plants across Japan This is due to the major earthquake that struck earlier this week and its impact on supply problems Come next week 18 production lines at 11 plants won't be in operation for three days A lost sheep is now 88 pounds lighter Mark Mayfield explains a hiker discovered the sheep on an Australian mountain and it had at least 6 years of wool on him After being contacted by the hiker an owner of a local animal sanctuary called an expert to shear the sheep The Shearer said the sheep's condition improved quickly once the wool had been removed The sheep who has since been named Alex in honor of the mountain that it was found on will continue to live at the sanctuary I'm Mark Mayfield a Wisconsin woman is hoping her four leaf clover collection will bring her more than just luck but Tina rye claims to have collected a four leaf clover for 258 straight days She's asking the Guinness Book of World Records to create a new category for her accomplishment Guinness told Reich she would have to pay for an adjudicator to visit her to verify her collection Reich said she collected one clover each day from March 22nd until December 4th last year I'm Brian shook And I'm Charlie pellet at Bloomberg world headquarters Stocks had their best week since 2020 for the week the S&P 500 Index advanced 6.2% NASDAQ this week up 8.2% Technology stocks led today's gains Jim Paulson is chief investment strategist at loof old whedon capital He says stocks are attractive In the combination of pessimism which is really elevated after about a year of going nowhere And with strong fundamentals I think is a buying opportunity for investors Jim Paulsen of Luthor whedon Wall Street is wrapping up a week in which we saw liftoff for the Federal Reserve Katie Kaminsky is chief research strategist at alpha simplex group Traditionally whenever the market has been faced with the rate hike we usually have sort of a sell off in some way So I was pretty impressed that the market was relatively calm this week about this decision but maybe that's because everybody knew it was coming Katie Kaminsky of alpha simplex Well as for the path of Federal Reserve rate hikes Patrick palfrey is senior equity strategist at Credit Suisse securities I think the question is how many hikes can they get in in 2023 as well And ultimately it appears that they're looking to do 7 potentially this year And then four potentially next year Patrick palfrey of Credit Suisse General Motors has bought out the SoftBank vision fund one stake in self-driving startup crews for $2.1 billion ending the Japanese investment firm stake in the business Stocks advanced today with the S&P rallying 51 points up 1.2% NASDAQ up 279 up by 2% The Dow Jones Industrial Average up 274 a gain of 8 tenths of 1% 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 This is Bloomberg best Bloomberg radio is everywhere I always accurate and precise We'll work really one of the places that's reporting facts Your communication capabilities are wonderful for our business I'm Ed Baxter And I did these Pellegrini on this weekend edition of Bloomberg best Russian contagion and a global default risk We're looking at something like the early 80s when we had dozens of defaults in a very short period of time It could happen here and it could happen now Do investors have false expectations about the fed The bond market and the stock market together are pricing kind of a magical scenario where the fed Titan's.
Bloomberg Radio New York
"jim paulsen" Discussed on Bloomberg Radio New York
"Bloomberg Business Act. This is Bloomberg Radio. Now, a global news update. The death toll from the Florida condo collapses now 86 as more bodies were discovered overnight. 43 people remain unaccounted for. This is the 17th day of recovery efforts at the site. Police are investigating a bomb threat at the Fort Lauderdale Hollywood International Airport. A bomb squad is sweeping the terminals. The airport says it's taking precautions by evacuating the two terminals. Protesters in Tokyo called for cancellation of the Olympics less than two weeks before the pandemic. Delayed summer games are set to begin in Japan. Japan is under a state of emergency because of Covid 19 health officials fear a surge in cases with arrival of athletes from other countries. Ashleigh Barty is winner of this year's Wimbledon women's championship. The number one overall seed, defeated Karolina Pliskova two sets to one to secure her second Grand Slam title. Parties. First Wimbledon title comes a month after removing herself from the French Open because of an injury. Critics are hammering President Biden's military withdrawal from Afghanistan. Senator Lindsey Graham tweeted president Biden may have set a deadline to end the war with Al Qaeda and Isis in Afghanistan. Unfortunately for us Al Qaeda and Isis don't have deadlines when it comes to attacking American interests. To be fair. It's the same kind of response Senator Graham had back when President Trump first made the announcement for the withdrawal in the summer of 29. Teams where the senator advised President Trump against pulling troops out of Afghanistan. Meanwhile, the Votevets account tweeted a different perspective. After Thursday's announcement, President Biden promised that he would be the president to end the 20 year war promise made promise kept. I'm Mike Bauer. More than 400,000 GM pickup trucks are being recalled because of faulty airbags. The recall is for 2015 and 2016 Chevy Silverado. And GMC Sierra models. I'm Cameron Fairchild. Caitlyn Jenner, candidate for governor in California, joins the governor's lawsuit over his party designation on the ballot. John Lowe. Bertini reports Caitlyn Jenner is joining Gavin Newsom's lawsuit against the secretary of state. This week, I filed a motion as an intervening party. The governor wants his Democratic Party affiliation added to the ballot, something his staff failed to do. Secretary of State Shirley Weber was appointed by Newsome. I want people to see what's happening up here in Sacramento. Corruption that's going on the lives that are being told up here, and I just wanted to be part of this lawsuit so that surely Weber doesn't fold. Despite recent polls, gender believe she is the leading challenger, a candidate with more name recognition. The Newsom says she'll be on the road in a campaign bus connecting with voters in the final months leading up to the September 14th recall election. Statues of two Confederate generals in the city of Charlottesville, Virginia, are being removed to city of Charlottesville first approved the removal of the statue shortly. After a 2017 white nationalist rally. A number of groups then filed lawsuits against the city to preserve the monuments. Late last month, Virginia State House voted to remove all Confederate artwork and statues from the state capital. The chamber had passed similar legislation last year, but it had stalled in the then Republican controlled state Senate. I'm Scott Carr, a five year old Virginia boy makes the discovery of a lifetime Xander book was searching for shark teeth in North Myrtle Beach with his father when he discovered what appears to be a megalodon tooth megalodon. Was an extinct species of shark that roamed the seas 2.5 million years ago. The boy's mom tells Wtvr that she posted a picture of the tooth to a fossil tooth group on Facebook. It's received hundreds of comments from people confirming it's a Meg, the average shark tooth Hunter says he hopes to turn the large find into a necklace. I'm rosacea Rivera Shark Week about to make it splash. Summertime tradition is back for its 33rd year on the Discovery Channel. It begins Sunday and runs for eight days. I'm Cameron Fairchild and I'm Susanna Palmer in the Bloomberg newsroom global finance chiefs are signaling an alarm over threats that could derail a fragile recovery this as they finished up a meeting that sought to start reshaping the post pandemic economic order. New variants of the coronavirus and an uneven piece of vaccination could undermine what's becoming a brightening outlook for the world economy. All that, according to communique, agreed to today by a group of 20 finance ministers at their gathering in Venice, Italy to billionaires are poised to fly to the edge of space this month, and the sniping is getting worse ahead of Virgin Galactic's take off tomorrow. More from Bloomberg's Charlie Pellet. Jeff possesses blue origin dismissed Virgin Galactic Holdings. Rocket powered spacecraft is nothing more than quote a high altitude airplane in a tweet blue origin, said the vehicle will not even break a widely recognized boundary of where space begins when it carries Virgin Galactic founder Richard Branson Olof Tomorrow. Blue Origin also says its new Shepard rocket will top the so called Carmen Line. 62 miles above the Earth when Bezoza flies on the company's first crewed mission on July 20th Charlie Palette Bloomberg radio, You can hear the lift off a Virgin Galactic live here on Bloomberg radio. Starting at 8 57. Tomorrow morning, big companies will start reporting their quarterly earnings next week, starting with the major banks such as JPMorgan Chase, Citigroup Bank of America and Wells Fargo. Jim Paulsen is chief investment strategist at Leuthold, Sweden, capital. What is really going to be important, I think is not even so much the raw numbers, although they'll help will be if if some of the CEOs are still have confident outlooks for the future. Global news 24 hours a day on air and on Bloomberg. Quick take powered by more than 2700 journalists and analysts and more than 120 countries. I'm Susanna Palmer, This is Bloomberg..
Bloomberg Radio New York
"jim paulsen" Discussed on Bloomberg Radio New York
"Another body is being pulled from the rubble of the South Florida condo collapse. Miami Dade County Mayor Daniella Levine Cava says the death toll now stands at 79. Nearly half of the US population is fully vaccinated against the coronavirus. Brian Shook has more CDC numbers published Friday showed just under 48% have gotten all the necessary shots. 20 states have fully vaccinated more than half of their residents, while three states have fewer than 35% fully protected this as health officials push for more Americans to roll up their sleeves with the rise of the delta very in The CDC mentioned this week that Delta accounts for half of all new covid cases in the country. I'm Brian shook. The Biden administration is canceling $55.6 million in student loans for victims of fraud under President Biden. More than $1.5 billion in debt has been canceled for nearly 92,000 people. I'm Brad sequel and I'm Susanna Palmer in the Bloomberg newsroom The Cyberspace Administration of China has proposed a new rules that would require nearly all Chinese companies seeking to list in foreign countries such as the U. S to undergo a cyber security review. That's a move that would significantly tighten oversight over its Internet. Giants stocks had their third weekly gain. The S and P 500 rose to another record on Friday, led by banks and technology stocks. But some analysts are urging caution. Jim Paulsen is chief investment strategist at Leuthold Weeden Capital. You got Covid variant up scaring people. You You've got inflation surging here. You got fed talking, tapering. You got the M two money supply contracting. You got the stock market wondering what the bond market knows that stock investors don't so there's a lot of negative pressure. For the week, the S and P 500 rose 4/10 of 1%. The Dow Jones industrials up 2/10 of 1%, the NASDAQ rose 4/10 of 1% this week. NYPD officials teamed up with N. Y C district attorneys and federal officials Friday to announce an anti violence program to open 100 gyms throughout the city on Saturday nights. Is in an effort to find young people, a place where they could play sports and learn other skills more from Bloomberg's Denny's Pellegrini. It's being called Saturday Night lights and the sports spaces will be open in all five boroughs. This program is an expansion of an earlier smaller one started a few years ago by Manhattan, D. A. Cyrus Vance Jr to bring high quality sports activities to youth in Harlem. Children between the ages of 11.
Bloomberg Radio New York
"jim paulsen" Discussed on Bloomberg Radio New York
"Friday morning with wind speeds of 80 MPH. It traveled about a third of a mile in about one minute snapping and Uprooting several trees in the area. No injuries were reported. President Biden planning to send a strike force to Chicago to crack down on gun trafficking. Mayor Lori Lightfoot says she did not ask the president to send the national Guard to the city but agree that something must be done. The president's plan comes after Chicago experienced a holiday weekend last week with over 100 shootings. Officials in Charlottesville, Virginia. Plan to remove a couple of monuments today. Rebecca Hubbard reports the Robert E. Lee statue will come down and so will the statue of Thomas Stonewall Jackson. The Lee statue will come down more than five years after the City Council got a petition seeking its removal. Charlottesville is a city where the deadly unite the right rally took place in August of 2017, a man drove his car into the crowd during the event. Heather Heyer was killed and many others were injured. I'm Rebecca Hubbard, a report says The U. S. Is considering downsizing its embassy in Afghanistan has security concerns grow in the war torn country. The Wall Street Journal says thousands of American and foreign personnel at the U. S embassy could be moved out because the Taliban is claiming more control of the country. The Taliban is making quick advances. After President Biden said American forces would be out of Afghanistan by the end of the summer. I'm Brad Siegel. And I'm Susanna Palmer in the Bloomberg News Room. The cyberspace Administration of China has proposed a new rules that would require nearly all Chinese companies seeking to list in foreign countries such as the U. S to undergo a cyber security review. That's a move that would significantly tighten oversight over its Internet. Giants stocks had their third weekly gain. The S and P 500 rose to another record on Friday, led by banks and technology stocks. But some analysts are urging caution. Jim Paulsen is chief investment strategist at Leuthold Weeden Capital. You got Covid variant up scaring people. You You've got inflation surging here. You got fed talking. Taper. You got the M two money supply contracting. You got the stock market wondering what the bond market knows that stock investors don't so there's a lot of negative pressure. For the week, the S and P 500 rose 4/10 of 1%. The Dow Jones industrials up 2/10 of 1%, the NASDAQ rose 4/10 of 1% this week. NYPD officials teamed up with N. Y C district attorneys and federal officials Friday to announce an anti violence program to open 100 gyms throughout the city on Saturday nights. This in an effort to find young people a place where they could play sports and learn other skills more from Bloomberg. Stennis Pellegrini. It's being called Saturday Night lights and the sports spaces will be open in all five boroughs. This program is an expansion of an earlier smaller one started a few years ago by Manhattan, D. A. Cyrus Vance Jr. To bring high quality sports activities to youth. In Harlem. Children between the ages of 11 and 18 will be able to enjoy indoor sports, including basketball, soccer, volleyball, dance martial arts and more. Manhattan dot org. Has more information. Denise Pellegrini Bloomberg radio. Global news 24 hours a day on air and on Bloomberg..
Bloomberg Radio New York
"jim paulsen" Discussed on Bloomberg Radio New York
"I don't think Heineken cares if you drink it and dump it. Maybe they want you to pour it out. And then you say, Oh, no, I got to go get more. But that's that's uh, that's a crime as far as let's get the Bloomberg business Flash. Yes. Matt S and P 500 now Jones industrial average rising as if 100 little changed. Under President Biden took aim at tech companies by encouraging regulators to promote more competition. Now the financials are the best performing group and the broader index today. Of course, we have the banks reporting earnings for the second quarter a quarter starting Tuesday. It doesn't hurt that rates are hired. The only group that is in the red right now belongs to utilities. Jim Paulsen is chief investment strategist at Lou Fold Wheaton Capital. He says there are certainly no shortage of worries for investors at this point. You got covid variant up scaring people. You You've got inflation surging here. You got fed talking Taper. He got the M two money supply contracting. You got the stock market wondering what the bond market knows the stock investors don't so there's a lot of negative pressure. That's a big wall of worry and some data today, according to the Federal Reserve Bank of Chicago, U. S retail sales, excluding cars increased 8/10 of a percent in June from a month earlier, and plant half a percent. After adjusting for inflation. This is actually a new index s and P 533 points higher. Of 8/10 of a percent at 43 53. But as that composite index at 40 points 3/10 of a percent we're at 14,599 evidential Industrial Average of 375.1% higher At 34,802. We check the markets for you every 15 minutes during the trading day, right here on Bloomberg Radio. I'm John Tucker. And that is your Bloomberg business. Flash Paul Alright, John. Thank you so.
Bloomberg Radio New York
"jim paulsen" Discussed on Bloomberg Radio New York
"That's a 100 or S and P The Russell. If you want, you can have the Russell. If you want to. There's three choices there. I like the Russell right. That's the one I'd go with Go small cap stocks to feel in your mind. That's why the option. I'm feeling nice gym. It's gonna catch up. Jim Paulsen Little group chief investment strategist. Just that simple question gives you an idea, Tom of where people still stand on the equity market, which part of the equity market they like The small caps. Jim Paulsen to me, John. It masks the big issue, which is you've got to be in the market. Take Gina Martin Adams of Bloomberg intelligence with the mantra. Look, you've got to be in the market. How many people John aren't in this market, And that's the problem and how many people are worrying about being active when being passive yet to date remain. You've done okay? And the NASDAQ and the S and P and the equal weight the Russell take your pick. And I mean, you look at this morning, you look at futures this morning. It is Russell futures out front of pretty much everything else. And there was a lot of people saying that people were too quick to turn their back on some of the cyclical names. Some of those small cap names that maybe that was a little bit too premature. Maybe that bid comes back in. Maybe it's sustained. Maybe that brings us Back up to the levels that we were just said, I guess, well a week ago, the bond market in the driving seat yield set the town and yells this morning are higher. So take that and guess what's happening elsewhere, and you'll probably be right. Another thing we've got to do in the next 30 Minutes of this particular our get up to speed on that executive order from this White House. Tom and I mentioned a little bit earlier. We catch up with the labor market. Expert one of the best worldwide and we will do that with Danny Blanchflower, Dartmouth Next on this program, his book, The Wage Curve was definitive when it was published, and what's so cool about Professor Blanchflower? John? Is he has continued his research. He has been extremely productive in the last 24 months. Danny Blanchflower of Dartmouth joining us on this program next on radio on TV alongside Tom Kean. I'm Jonathan Farrow together this morning with remain Bostick, your Equity market. 43 30 on the S and P. Advancing 18 points. We advanced 4/10 of 1% bonds set the tone. What is the bond market? Now that you don't this morning to higher by five basis points, 1 33 94 from New York. This is blood back. Asset managers today. Tastes like heading out the door and driving into town. It tastes like grabbing snacks and a coke and singing as loud as you can. Today. Tastes like anything.
Bloomberg Radio New York
"jim paulsen" Discussed on Bloomberg Radio New York
"Up. We're gonna drive the conversation forward with a complete coverage of all the markets. Plus, we're gonna chat with Microsoft CEO Such in the deli. He speaks with bloomers. Emily Chang on antitrust litigation for Big Tech, a big big issue for investors in technology. Plus Jim Paulsen, he's a chief investment strategist at the Little Group will get his thoughts on the markets, but first It's got a great Jared Bloomberg News and get a Bloomberg business flesh right won't stocks and managed to reclaim all time highs after a weak inflation reading eased concerns that a proposed federal spending bill and near zero interest Grateful sparked destabilizing rises in prices. John Riding, Breen, Capital chief economic advisor, tells Bloomberg $1.9 trillion in stimulus sprayed into the economy. He thanks is too much and Way too hot. There is a risk that we are going to get an inflation problem. Probably not gonna see it today in the CPR report for January last a year and falls if the inflation pick up which we will see doesn't turn out to be transitory. Then the Fed faces say significant problem because in the end when inflation gets out of hand On the Fed has type that that's when the problems occur. We'll take a look at those consumer price numbers. But first, let's look at the markets. The SNP's up 4/10 of a percent of 16. The Dow is up 3/10 of 1% of 97 of the NASDAQ's up seven tens of percent up 92. 10 Years up 6 30 seconds with a yield of 1.13% West Texas Intermediate cruise, little changed at 58 37 a barrel comics gold's up 3/10 of a percent 18 43 even per ounce. Valerie in one of 4 64. The euro speller 21 27 of the breeze found that all of 38 45 that key measure of prices paid by US consumers was unchanged for January for a second straight month, underscoring the pandemics lingering restraint on inflation. The core Consumer Price index, which excludes volatile food and energy costs, increased 1.4% from last year. That is a Bloomberg business Flash. Bloomberg markets is underway now Funny Quentin Paul swinging Greg Dorit. Thank you so much. Let's bring in David Wilson Nora, number one that stocks person here and Bloomberg News, Dave, I want to ask you about the stock market because right now, Twitter is the best performer in the S and P 500, which itself is only up..
WBZ NewsRadio 1030
"jim paulsen" Discussed on WBZ NewsRadio 1030
"Here. Patriots fans going in with mixed feelings WBC's match Shearer reports from New Hampshire is pumped for the Super Bowl. Of course I am. Who's playing a good well, That would be the Kansas City Chiefs who are defending champs going up against the Tampa Bay Buccaneers, led by the greatest quarterback of all time. First of all, I'm rooting for Giselle. Okay. You mean Tom Brady's supermodel wife who's not even playing behind every successful man? There's you know, strong woman, and I think that's what gets him to be very good at playing fair enough. Meanwhile, Humphreys from Boston is also excited on like much of Pats Nation He's rooting for the go. Brady himself is a king. And when you're king, you got soldiers. You can't go wrong that Shearer WBZ WBZ. Oh my God! Are you guys looking for any news anchors skinning Boston's news radio. Ah, lot of protections being taken for the big game. That's not just covert ones. CBS NEWS National Security correspondent David Martin tells us how the U. S military is lending a hand restricted area. Or to turn to the Southwest. Heading it 230 air traffic control will try to contact you at least several attempts on radio to tell you that you're approaching unauthorized airspace. Lieutenant Colonel Alex Edwards explains what happens next. If the intruder doesn't heed the warning. You can expect to see a few fighters off your wings trying to convince you that you need to change the direction. True F fifteen's popping up in front of you is an unmistakable sign. You are in the wrong place at the wrong time. Yes, they will shoot you down if they have to. David Martin. CBS News, Washington officials say inmates at the ST Louis majority Missouri Jail set fires broke windows and threw things from Windows and the latest disturbance over conditions amid the covert pandemic. A spokesman for the city's mayor says dozens of law enforcement officers are working to bring the situation under control at the ST Louis City Justice Center, CBS reporter Julia every day. Scribes the scene. We have confirmed that Mayor Lyta Crewson and the city public safety director Jimmy Edwards are inside trying to negotiate with these prisoners. Now, this isn't least the third disturbance at the Justice Center since December. Right now there are no reports of any injuries, but there are several police cars on scene. Fire trucks. Around 115 inmates are involved. Officials describe the group as extremely violent and noncompliant. The disturbance began at around 3 A.m.. The second impeachment trial of former president Trump said to start next week, we've got the latest from Washington coming up at 5 45. Right now it's time for Bloomberg business. The dust has started to settle around Gamestop, AMC and other stocks that got so much social media attention in recent days. What Just happened? Was it really just a story of individual investors sticking it to the man by driving up the prices of stocks that Wall Street was something short? This is less e. Short squeeze in this an angry crowd in some regard, and Jim Paulsen with Leuthold Weeden Capital Management says it shows the power of technology when a few people talking to each other on reddit and cause this much volatility famed short seller Carson Block of Muddy Waters thinks it's a sign the financial system is broken. This is not the wisdom of crowds in terms of Trying to figure out which companies which on entrepreneurs can use capital efficiently. It's just a game and with many retail traders now sitting on deep losses in those means stocks, it may show that low to no cost stock trading platforms like Robin Hood. Do come with a hidden cost. I'm Nathan Hager Bloomberg business on WBZ. Boston's news radio. Winter has been here for a while, but the snow is just getting started on. Of course, we've been here all along with weather reports every 10 minutes, killing BZ. Boston's news radio. Microbe and 24 protects against staphylococcus areas and in terror back torero jeans bacteria but does not provide 24 hour protection against viruses. Every time you touch a surface, you leave behind bacteria to keep surfaces sanitized all day. Use microbe and 24 sanitizing spray spray on hard surfaces to kill 99.9% of viruses and bacteria, initially, including the virus that causes coded 19 once try microbe and 24 sanitizing spray is effective for 24 hours on bacteria when used as directed. Carmen Startup found an angel investor, but now they're asking for a miracle from her development team. Hello, this is Carmen. That's exciting news. I guess we covered on Charlie. It's time to hire. I need indeed, indeed,.
Bloomberg Radio New York
"jim paulsen" Discussed on Bloomberg Radio New York
"Cleaner and greener Alabama police helped a man with a flat tire on Lee to arrest him after finding out he stole the vehicle they were working on. Officers say they saw the stranded driver this morning in mobile. They ran the car's vehicle information number and found out it was stolen. I'm Brian Show and I'm Charley Pell Attack. Bloomberg World Headquarters losing week losing day on Wall Street has day traders bids for a heavily shorted stocks fueled speculation hedge funds will need to reduce their market exposure. Chris Marangi is co chief investment officer at Gabelli Funds. I think we all know how this is gonna end much like home, but we know it's gonna end. They're probably gonna be a lot of pain for some people along the way, but it's probably going to end in tears for a lot of these retail investors and hedge funds. Indeed, another day of big moves for a lot of stocks popular in Internet chat rooms. Jim Paulsen is chief investment strategist at Leuthold. Weeden Capital. Just seems like you You can collude with Reddick platform on by acting in unison to target a specific security and move its price wherever you want to, with just a little bit of leverage. Um, I think that's a dest able izing force. I think it Z to me sounds a lot like market manipulation and probably needs to be regulated from markets to the economy and consumer confidence hit another bump in the road in late January. That story from Bloomberg's Vinny del Jude Ice. The University of Michigan's national consumer sentiment Index edged lower late in the month. Other sign consumers are weary is the pandemic drags on, Even so, vaccine slowing infections and new stimulus darks in Washington or for some reason for optimism, And yet the Federal Reserve continues to warn covert 19 post is considerable economic risk. Detailed you nice. Bloomberg Radio. The S and P 500 Index fell. 73 points down 1.9%, the Dow and S and P Now negative on the year the Dow down 620 down 2% NASDAQ also down by 2%. Global use 24 hours a day on air and on Bloomberg Quick, take power by more than 2700, journalists and analysts in more than 120 countries. I'm Charlie Pellet. This is Bloomberg. This is the business of sports. Where in the situation that we haven't dealt with, in modern times pandemic, you're really accelerated. The investments that we've been advocating for four years.
Bloomberg Radio New York
"jim paulsen" Discussed on Bloomberg Radio New York
"Goldman Sachs writing out of reported 500 Brazilian to Robin Hood to keep the game going. There is other news as well. John, What is your attention this morning? Let's get the breaking news in the last 60 seconds. Tom Johnson and Johnson. This is the one shot vaccine regime that we're all waiting for the results from the clinical trial. The vaccine is 66% effective in the global clinical trial. The Corona virus vaccine was found to be 72%. Effective in the United States. This would be a little bit more interesting. Too many people as well. Jane J. Shot 85%, effective overall in preventing severe covert 19 protection from severe disease consistent across Virus variants. That last point, Tom quite important, the headline though 66% effective in the global clinical trial. Yeah, very important. These percentages, folks, I believe we're going to hear our normal percentages versus a stunning M RNA percentages we saw from Fizer in Madonna. Dr facility is in the House on a Friday. Let's speak with Sam Fazeli truly expert on this it Bloomberg Intelligence sama my right that these percentage reports from Johnson and Johnson are what we've known over the decades of urology. Absolutely right. These are gator that we've all been waiting for Tom, obviously, because it's a scene that single shot an easy to transport. I think they know my feelings that people will be a little disappointed at the number. I think, folks, we're hoping around the 80% level in general, and that seems to be a little short of that. And off course, we do have a vaccine that also reported last night from Noble backs, which showed a 90% efficacy in the UK Um, Andre about a 60% efficacy in South Africa, which is quite similar to what these guys are showing in South Africa as well. So that's interesting to know. Um, Both vaccines are easy to, uh, Tonto, just refrigeration and I'm easy, Uh, statistics Sam, You said that people may be a little disappointed at the 66% number. We've all gotten spoiled by the idea of perhaps 80% 90 95% efficacy. And yet can you give us a sense of what this means In terms of how close we can get to herd immunity? Basically, does this get us there? This idea that this is more easily transportable and was only one shot even though it's only 66% efficacious, or are we gonna be further away? I think this is a This is a vaccine that will have meaningful utility thieves are again I just keep reminding everybody that the levels of 50% 60% that we were looking for Are your said, we've been spoiled by the fighting Ion. Take Madonna and now a rollback vaccine, But we have to also remember this is a single shot vaccine So they do have a two shot vaccine coming, But it doesn't sound like the data for that will come until The back end of the year on, But still, it would be a vaccine will be useful, given that it's significantly reduces the severity of disease. Sam. It's the end of January on linear basis when you look at the vaccinations in Britain in the United States and some of the more successful countries where we're going to be the end of February. I don't think we'd be much further than where we are today. I'm afraid, Tom, you know, we've got a situation Where this variant what's supposed to be something that we didn't have to worry about on Tao were starting to think that we need to worry about it. So That SSM that Zion I'm worried that things will actually be worse than where we are today. Send facility. Thank you. So much of the important announcement eagerly awaited on J and J and Johnson and Johnson of itself right now. Change Paulson with this Jim Paulsen of Leuthold Weeden Capital Management is we lay out on a Friday the path to February and, of course, the distractions of a short squeeze. Jim Paulsen, I would respectfully suggest you've seen this before. What is different this time with Robin Hood versus the other short squeezes you and I have enjoyed Oh, yeah. Well, I am I think that a couple things Tom hit me 11 is, I think it's another illustration of the impact that technology is having the power that technology could deliver. To a small cadre of people. We're certainly seeing that and companies like Facebook or Twitter, or even people on those platforms on the influence they could have, and now we're seeing it. In the financial markets. Um, I think I think that's sort of interesting. The social movement aspect is the course unique. This is less a Short squeeze into this an angry crowd in some regard, and I think more to the point it it just it seems like it's a dest able izing force more soul than in past short squeezes. Or there's just seems like you. You can collude with Reddick platform on by acting in unison. To target a specific security and move its price wherever you want to. With just a little bit of leverage. I think that's a dest able izing force. I think it Z. To me. Sounds a lot like market manipulation and probably needs to be regulated. The last point I'd say about it is, you know, like the other ones. This is gonna end badly and Probably eventually, greed is going to set in, even among the young Robin Hood traders. They're going to start to take some profits. And when that happens, the thing's going to come unravel like they have in the past and probably heard a lot of the same investors. We'll let the lawyers deal with.
Marketplace with Kai Ryssdal
Market corrections: scary but also, in some cases, necessary
"Well here we are right day. Four of honestly. Who knows how many days of big scary corona virus induced drops in the stock market? Another twelve hundred points down on the. Dow today four and a half percent four and a half percent on the S. and P. Five hundred as well. It's jarring I know but context being everything to point here. One the economy which as we know is not the. Dow is at this moment strong and too painful. The weeks like this may be these kinds of drops corrections. They're called are actually normal and good marketplace's Sabrina short gets is going. Technically there's no official definition of a correction but most people will tell you it's a fall of ten percent or more from a high correction basically can arise literally out of the Blue John. Bollinger is president of Bollinger capital management. Some corrections can be predicted. There are hints out there for example in this there were as a lot of fear building up a about the corona virus. Now the fact that we call them corrections suggests that something needed to be corrected and sometimes it did. Excessive OPTIMISM CALL COMPLACENCY JIM. Paulsen is chief investment strategist at Duluth old group. You'd become too easy to make money for a while. And there's a resolve that investors give up the scrutiny of fundamentals. And just buy something because it's simply going up and they don't want to miss out corrections can clear out that kind of buzzed. Buying and make people pay closer attention to the underlying health of companies can also shake things up for example. If everyone is piled on like lemmings to a few tech stocks it can shake some investors often. A different group of stocks can become the popular ones as for what to do when one comes along. Here's Andrew Karoly professor of finance at Cornell for the average investor out there the first instinctive reaction I always recommend is to stay calm and try to understand it. Listen to the market experts but not necessarily to react and certainly not to react quickly. Maybe just wait for to pass. They always do eventually in New York. I'm suburban ashore for
Bloomberg Businessweek
US stocks rebound from coronavirus selloff
"U. S. stocks are rebounding from the worst week in six months as investors speculate efforts to contain the coronavirus will minimize lasting damage to the global economy Jim Paulsen is chief investment strategist at Leupold within capital management I do think that the way these things normally run is said that they're not the last four years typically and this is certainly creating a a major downward shock for China and Asia in general some shock at this point for the whole world but maybe it's just going to be a one quarter of
Motley Fool Answers
This is now the best bull market ever
"Best decade ever in it pretty much. I'd say it's pretty hard to argue that we're not so the current bull market has been extraordinary awhile back some point. Last year reached the achievement of being the longest bull market exceeding the bull market that went from ninety eighty nine to two thousand but it wasn't the highest returning bull market until recently at least according to the old group which is an investment research firm so as reported by CNBC. They say that the current bull market as of November. It reached a total return by this. I mean as five hundred a four hundred seventy two percents and its price and dividends that exceed the succeeds the previous record of the best bull markets as World War Two that was four hundred and fifty four percent which went from nineteen forty nine to one thousand nine hundred fifty five so it's pretty extraordinary. Jim Paulsen who is the chief. Investment strategist at the little group told hold. CNBC caught the most outstanding feature of the cycle since two thousand eight is always going to be fear. I referred to this cycle to some degree as the bearish bull market and I think that makes total little sense myself included as someone who's been through this can't keep on going and he pointed out that a lot of people that been that way they have kept sort of dry powder on the decide which has been part of what keeps fueling. This bear is bull market because more people say like okay. I'm GONNA miss out. And they keep putting some of this stuff. They had the side into the market. Now I should say that not. Everyone agrees that this is the longest bull market because you define a bull market has basically market goes up until it hits a twenty percent decline. There have been two points over the past decade where market did drop twenty percent on an intraday basis once in two thousand eleven and wants towards the end of next year but in both those instances says the market sort of picked up towards the end of the day so then a closing basis. The market was down by like one thousand nine point five percent But regardless of of what kind of aid you give to this bull market it has been extraordinary for stocks and it's been extraordinary for the economy because This is December birth. And I think we can pretty safely say. We're not going to hit recession in this month this month. Being the last of this decade so that will make this decade the first in the united the states when we have not had a recession at least going back to eighteen fifty s which is when they started keeping track of such things. So that's pretty good
Marketplace with Kai Ryssdal
Consumer Lending Powers Big-Bank Earnings
"We spend on this show as you know a fair amount of time parsing all the different economic indicators out there retail sales those jobs numbers trade figures home sales most of that data comes from government sources or trade groups but corporate earnings season gives us a chance to peek at the books of some of the biggest companies in our economy. Today it was all about banks with Goldman and sacks wells fargo and J. P. Morgan Chase reporting their latest prophets marketplace's Sabrina Bene- sure has more on what investors will be looking for. There are a lot of forces pulling at U._S.. Companies Right now on the one hand. You've got slower global growth. You've got trade issues on the other hand. There are positive things like the Fed might lower interest rates. The big question is how are companies coping with it all. Are we GONNA see generalized growth in here over. Are we going to see the companies are meeting lowered expectations in spite simply doing more with less Max Wolf is managing partner at financial consulting for multi variant companies can adapt they can cut costs. They can finesse their accounting. Some economists are worrying specifically about industrial firms BURBS IT produce things Steve Blitz is chief economist with T._e._S.. Lombard industrials include companies from Boeing to homebuilders because that's the area the macro data. That's curated the most and second quarter and so you WanNa see what's happening there. Meanwhile companies with international footprints will continue to tell us how the president's trade conflicts are trickling into the economy. Mark Leeman is president of J._N._p.. Securities he does not expect surprises. I think you're going to have another quarter of disappointment for the people who've been most afflicted by Diet. It's not solved and we need to get itself soon to help. The global economy and of course earnings reports are also windows into the minds of corporate leaders. Jim Paulsen is chief investment strategist at luth old group at the end of the day. Most important is going to be what does say. They're seeing for the rest of this year. One of the most important thing C._e._O.'s do during earnings reports is try to manage expectations and where they set that bar is where the market will try to go in New York. I'm Sabrina short for marketplace.