35 Burst results for "Karen Moskow"
Bloomberg Radio New York
"karen moskow" Discussed on Bloomberg Radio New York
"In a 6 55 on Wall Street, I'm Karen Moskow, and futures are starting to extend their declines. We check the markets all day long here on Bloomberg, S&P futures down, a tenth of a percent on 5 points, down futures down two tenths for center 51 points, announced a futures are down about a tenth of a percent now or 7 points. The Dax in Germany is little change ten year treasury of 6 30 seconds. You have 3.92%, yield on the two year 4.85%. Nymex crude oil down one and a half percent on a dollar 16 at $78 52 cents a barrel. Comic school that'll change in 1853 70 ounce. The Euro one 6 four 5 against the dollar British found 1.1999 and again at one 36.16. Looking at Bitcoin down half a percent at $22,380. That's a Bloomberg business flash, Nathan. All right, Karen, thanks. It is 6 56 on Wall Street. It's time to take a look at stock some of the names moving in the pre market Bloomberg radio and TV markets correspondent critic Gupta is with us this morning the movement in the futures contract security has been kind of meh. What are you looking at this morning? Yeah, well, a couple of moves and under the hood as well. But some pretty big ones as well. I want to start with apple here, which I believe you guys mentioned earlier worth hitting again. AAPL is your ticker hybrid, about 1% in the pre market. This comes up for Goldman Sachs initiates coverage with a buy rating. There are thesis here is that the growing installed base of users helps the apple as a service opportunity. Now remember, apple doesn't just make a lot of their funds or a lot of their profits. They should say from just selling iPhones or selling macbooks or whatever, it'll sell, it makes a lot of profits from the genius bar coming in, getting things kind of tweaked or looked at or taken care of AppleCare, for example, is another way, in addition to all of their services that you get through the App Store, things like that. And the commissions they get there. So this is kind of interesting that they're pivoting Apple almost as from a simply hard software company to perhaps a little bit more. Anyways, giving those shares a bit of a boost this morning up 1.1%, AAPL. The other way I want to keep an eye on here, sticking with sort of the tech team is silvergate SI this, of course, the crypto payment network, moody's
Bloomberg Radio New York
"karen moskow" Discussed on Bloomberg Radio New York
"This is a Bloomberg business flash. And at 6 40 on Wall Street, good morning, I'm Karen Moskow and futures are lower this morning. Let's go to the first word breaking news desk for today's morning call. Here's Bill maloney Bill good morning. Well, we'll check in with Bill that'll later S&P futures again lower down a third of a percent out of about 15 points down features are down a quarter percent or 79 points and a NASDAQ futures are down half percent or 57 points that Dax in Germany. It's up four tenths of a percent. Ten year treasury up one 32nd, you have 3.73% that yield on the two year 4.60%. Nymex crude oil is down three quarters of a percent down 60 cents at $78 46 cents a barrel. Go make school down 1.1% or $19 60 cents in 1845 AD an ounce. The Euro one 7 two two against a dollar, British pound 1.2081, and the yen is at one 33.35, we take a look at Bitcoin. It's up 1% this morning. It's at almost $22,500. And that's a Bloomberg business flash. Now here's Michael Barr with more on what's going on around the world. Michael. Karen defying all odds, two more people were pulled alive from the rubble in turkey. It has been more than a week since the region was struck by a devastating earthquake killing tens of thousands. It's a surprise move that will reverberate across UK politics. Scottish first minister Nicola Sturgeon resigned after more than 8 years as head of the country's government. Lufthansa has grounded all of its flights because of company computer issues, according to a person familiar with the matter, the airline's IT issues were likely caused by Deutsche telecom cutting a broadband cable. In the NBA, the Celtics and warriors lost the wizards won in the NHL, the Devils won islanders lost in the shootout bruins one in OT capitals lost. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. I'm Michael Barr, this is Bloomberg, Karen. All right, Michael Barr, thank
Bloomberg Radio New York
"karen moskow" Discussed on Bloomberg Radio New York
"Nathan Hager. And I'm Karen Moskow in U.S. stock index futures are lower as we begin a new month on Wall Street. We check the markets all day long here on Bloomberg with S&P futures down a third of a percent or 14 points, Dow futures down a third of a percent or 125 points, and NASDAQ futures down a quarter percent or a 29 points, Nathan. Karen, we begin with today's highly anticipated decision from the Federal Reserve, a 25 point basis rate hike is expected. But what will the messaging sound like from fed chair Jay Powell? We get a preview from Bloomberg economics correspondent Michael McKee. Investors generally think the Central Bank will raise rates a quarter percentage point now and again in March, but then stop by November futures markets say they'll be cutting rates. That's not a good look for Powell and company who worry inflation isn't beaten yet, and with China reopening could flare again. So expect the fed's statement and Powell and his news conference to recognize the outlook has improved, but push back on any thought that means a change in policy yet. Michael McKee, Bloomberg daybreak. All right, Mike, thanks for joining us for live coverage of that fed decision starting at one 30 p.m. eastern with a special edition of Bloomberg surveillance. Well, ahead of that decision, Nathan as we said stock futures are lower and that's after a month that saw the S&P 500 game 6% caterina simonetti, senior vice president and Morgan Stanley private wealth says the fed is not the most important thing for the markets right now. We think that there is a lot more volatility ahead and in our view the story for 23 is not the story of the fed or inflation. This is the story about the earnings and specifically earnings revision. Katarina simonetti had Morgan Stanley wealth used last month's stock rally as premature optimism. While earnings are disappointing this morning, Karen snap has forecast its first ever quarterly revenue decline. We get the story from Bloomberg's Charlie pellet. The company cites a flurry of changes to SnapChat's advertising products that may be disruptive to the social media apps business. Snap is making changes, focused on its direct response business, adds the prompt users to take an immediate action like buying a product or signing up for an email list. Snap along with competitors like meta platforms Facebook and alphabet's Google are also still grappling with a change to iPhone privacy policies from Apple that made it more difficult to personalize and track the success of ads on their apps. In New York, Charlie pellet, Bloomberg daybreak. All right, Shirley, thank you, snap shares down more than 14% in early trading, and there's some other stocks on the move this morning, including Advanced Micro Devices at more than 3%. The chip maker gave a better than feared sales forecast for the first quarter and shares of Electronic Arts down more than 10%. The video game maker gave a disappointing outlook thanks to a 6 week delay releasing a highly anticipated Star Wars game. And the earnings continue to roll in today, Karen, with more than two dozen companies in the S&P 500 reporting, meta platforms headlines today's list, we get a preview from Bloomberg's Tom busby. While the big focus for investors today not so much plans for and costs related to its ambitious metaverse initiative, but on advertising revenue on Facebook and Instagram, analysts predict a sales decline of 6% that would be the third decrease in as many quarters. Look for earnings per share of $2 26 cents, revenues of $31.65 billion. Tom busby, Bloomberg, daybreak. All right, Tom, thanks. So the fallout continues from last month's malfunction at the New York Stock Exchange. Investors are trying to recoup their losses, but it might not be easy. Let's get the details live with Bloomberg Steve rapoport, Steve good morning. Good morning, Karen and Nathan. Losses from that Wall Street snafu could amount to millions of dollars with thousands of claims piling up, the stock exchange sets aside half a mil each month to cover unexpected disruptions, people familiar with the matter, say the claims will likely exceed that amount, under NYSE rules yesterday was the deadline to evaluate the claims and decide how much to pay. The exchange blames human error for the malfunction that canceled thousands of transactions affecting hundreds of securities, live in New York, I'm Steve rappaport, Bloomberg, daybreak. Thank you, Steve. And India today, the sell off in a Donnie stock continues as a Donny enterprise's plunges by 30%, all ten of the stocks tied to billionaire Gautam Adani are slumping today. The sell off is now reached more than $80 billion across the group's equities that's after short seller Hindenburg issued a report accusing a Donnie of inflating revenue. Well, back here in the U.S., Nathan politics in focus, President Biden and House speaker Kevin McCarthy are set to meet at The White House to discuss raising the dance limit. We get a preview from Amy Morris and our Bloomberg 99 one newsroom in Washington. A White House memo says the president will pose two questions to McCarthy, including quote, will the speaker commit to the bedrock principle that the United States will never default on its financial obligations. The president will also ask when will House Republicans release their budget, with details on what budget cuts, the GOP wants in exchange for raising the debt ceiling. McCarthy dismissed the memo as political games, President Biden has repeatedly said he would not negotiate over raising the death limit. In Washington, I'm Amy Morris Bloomberg daybreak. Thank you, Amy. Let's turn to the 2024 presidential race now and more signs of a slow start for Donald Trump the latest filings show the former president has raised less than $10 million since he announced his third presidential run in November. Well, at the same time, Nathan the Republican presidential field is about to get bigger, a source tells Bloomberg news that former South Carolina governor Nikki Haley plans to announce she's running for president two weeks from today. Haley served as former president Trump's ambassador to the United Nations. Straight ahead, your latest local headlines plus a check of sports and this is Bloomberg
Bloomberg Radio New York
"karen moskow" Discussed on Bloomberg Radio New York
"And I'm Karen Moskow, U.S. stock index futures are lower after the best two day rally since November for the tech heavy NASDAQ 100 and treasury yields are falling for the first day and four. Check the markets all day long here on Bloomberg, S&P futures down to tenths of a percent or 9 points now features down to tenths of a percent or 67 points, and NASDAQ futures down a third of a percent or 40 points a deck's in Germany is down three tenths of a percent. Ten year treasury of four 30 seconds yield 3.49%, the yield on the two year 4.21%. 9 X crude oil is done tenth of a percent or ten cents at $81 52 cents a barrel. Comex gold up half percent or $9 90 cents in 1955 30 and ounce. The Euro one O 8 6 one against a dollar British pound 1.2311, the NF one 30.16 and Bitcoin is down a quarter percent. It's at $22,900. And today we are watching for reports on manufacturing and services PMI, they're at a 9 45 Wall Street time, and a busy day for earnings Microsoft among the companies scheduled to report. Now, to Bloomberg business flash, now here's Michael Barr with more on what's going on around the world, Michael. Thank you very much, Karen, 7 people were killed in two related shooting jazz today and a coastal community south of San Francisco, the Sal Mateo county sheriff's office says the suspected gunman 67 year old Chun Li zhao is in custody. It marks California's third mass killing in 8 days. Poland today officially requested permission from Germany to transfer its leopard to tanks to Ukraine. It comes as Germany's defense minister said today that allies could start training Ukrainian forces on the tanks. Ukraine has been pleading for western tanks to help it push back against Russia's invasion. In the NHL rangers won the islanders lost in the NBA, the Celtics lost. Global news 24 hours a day on air and on Bloomberg
Bloomberg Radio New York
"karen moskow" Discussed on Bloomberg Radio New York
"Good morning, I'm Nathan Hager. And I'm Karen Moskow in U.S. stock index futures are little changed this morning. We check the markets all day long here on Bloomberg with S&P and Dow futures that'll change NASDAQ futures are lower down a quarter percent or 27 points. The Dax in Germany is up about two tenths of a percent. Ten year treasury down 5 30 seconds, yield 3.45% they yield on the two year 4.12% and nymex crude oil is up 1%. It is $79, 17 cents a barrel of 78 cents, Nathan. Okay, Karen, we'll get back to the markets in a minute, but we begin with a growing political and now legal issue for President Biden. Attorney general Merrick Garland has named a special counsel after two sets of classified documents were found in one of the president's offices, and now inside his garage, President Biden says he has been cooperating fully. The Department of Justice was immediately notified. And the lawyers arranged for the Department of Justice to take possession of the document. So you're going to see, we're going to see all this unfold the President Biden says he does take classified documents seriously. New York law professor Rebecca Roy, he says, this puts the president in a difficult position. None of this is good, and it should be troubling. And it should be troubling to Americans regardless of your political affiliation. No president, no former vice president should be taking classified documents and putting in them someplace, keeping them someplace like a garage, even if that garage is locked. New York law schools Rebecca Roy fee spoke with our Washington correspondent Joe Matthew on Bloomberg sound on, catch the show weekdays at 5 p.m. eastern on Bloomberg radio or download sound on wherever you get your podcasts. Meantime, Nathan geopolitics is in focus for President Biden today. He is meeting with Japanese prime minister fumio kushida at The White House. Bloomberg's at Baxter reports, there is expected to be an update on the nation's global security agreement. Both sides have already said that the alliance has never been stronger, but National Security Council spokesman John Kirby says threats from Russia and China are causing the agreements to be updated. We modernizing alliance by announcing that attacks two from and within space could lead to the invocation of article 5 of the U.S. Japan security treaty. Kirby says Japan is stepping up. Its commitment to the alliance, and it will pay huge dividends. In San Francisco, I'm at Baxter Bloomberg daybreak. Thanks, Ed. We turn back to markets. Now, earnings for big banks kick off this morning, JPMorgan, Citigroup Bank of America and Wells Fargo all report quarterly results. And we get a preview with Bloomberg's Charlie wells. There have been so many pressures for these large American banks, there's the concern about a potential recession that we've been debating about for the past few weeks. There have been issues with a slowdown in deal making that is really hurt fees. It's looking like at some of these major banks investment banking revenue for the fourth quarter could be down about 51% and overall profits at these large banks are looking like in the fourth quarter they could be down about 15%. Bloomberg's Charlie wells says the outlook from bank CEOs may draw more attention this morning than the actual numbers. Unless we await those results in Nathan, global stocks are heading for a healthy gain this week. They're growing optimism that easing inflation will lead to less aggressive rate hikes. Here's Philadelphia fed president Patrick harker. In my view, the days of us raising them 75 basis points at a time are surely passed. In my view, types of 25 basis points will be appropriate going forward. Philadelphia fed president Patrick harker made the comments after yesterday's consumer price data which showed inflation continued to slow in December. And we may get more clues Karen on the direction of interest rates when a couple of fed officials speak again today. New York fed president John Williams, Minneapolis fed president Neil kashkari and Philadelphia fed president Patrick harker will all speak at separate events today. Well, in the UK, Nathan the British economy and expected they grew in November. Let's go to London and get the latest with Bloomberg daybreak, Europe banker, Stephen Carroll, Stephen good morning. Good morning, Cara than Nathan. The UK economy may avoid tumbling into recession for a little longer thanks to November's surprise, .1% growth in GDP, consumer facing services helping to boost out button in particular, spending on hospitality during the World Cup, strikes though affected activity in the postal and railway industries, the figures may strengthen calls for further interest rate rises from the Bank of England as inflation in the UK remains near the highest level in four decades in London. I'm Stephen Carroll, Bloomberg daybreak. Steven, thanks, staying in Europe, Sweden's inflation rate reached double digits for the first time in more than three decades in December. Inflation rose by an annual rate of 10.2% last month that was higher than expected. Well, back here in the U.S., Nathan, we're seeing a big pay cut for one of the country's premiere executives. Apple's CEO Tim Cook will see his total compensation decline this year, and we get more from Bloomberg's Doug prisoner. Apple cited investor feedback, as well as a request from cook himself, the pay reduction will be more than 40% this year to $49 million, and most of that will take the form of stock grants. Apple has drawn criticism about cook's previous $99 million compensation package from groups such as institutional shareholder services. The advisory firm said half of the rewards didn't depend on performance criteria like the company's share price. Last year, a majority of Apple shareholders voted to approve cook's package in New York, I'm Doug prisoner Bloomberg daybreak. Okay, Doug, thank you and in China today news that government entities are set to take so called golden shares in units of Alibaba and Tencent. That suggests Beijing is moving to ensure greater control over key players in the Internet arena, the shares could let officials influence the industry over the long term. S&P futures are down two points down futures up 25 NASDAQ futures are down 29 points. Straight ahead, your latest local headlines and a check of sports. This is Bloomberg.
Bloomberg Radio New York
"karen moskow" Discussed on Bloomberg Radio New York
"And I'm Karen Moskow equities trimming gangs ahead of the Federal Reserve's policy meeting a gauge of the dollar falling gold rising. We check the markets every 15 minutes throughout the trading day, on the Bloomberg, I guess in pea futures there, mostly higher up three points, Dow futures have sere as well, so little change NASDAQ futures up 18, the decks in Germany that will change as well. Ten year treasury that'll change yield four percent, yield on the two year 4.51%. Nymex crude oil is down a tenth of a percent on ten cents and $88 28 cents a barrel. Combat schooled up half percent or $8 20 cents at 1657 90 ounce. The Euro .9897 against a dollar British pound 1.1495, the yen had one 47.14 and Bitcoin this morning, little change at $20,500. That's a Bloomberg misses flash. Now here's Michael Barr with more on what's going on around the world, Michael. Karen, thank you very much. Senior Russian military leaders are said to have recently discussed the use of nuclear weapons on Ukraine. The New York Times reports that's according to senior American officials, U.S. officials say though they had not seen any evidence that Moscow is moving nuclear weapons into place. Brazilian president John Bolsonaro vowed to respect the constitution and authorize the government to start the political transition after his loss to Louis Ignacio Lula da Silva. In game three of the World Series, the Phillies shut out the Astros 7-Zip Philadelphia now leads the series two games to one. In the NBA, after the firing of head coach Steve Nash, the nets lost the bulls one O 8 99 the warriors lost. Global news, 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists analysts, more than a 120 countries. I'm Michael Barr and this is Bloomberg Nathan. Okay, Michael, thanks for coming up to 5 49 on Wall Street live from the Bloomberg interactive broker studios. This is Bloomberg daybreak and we are also coming up to a Federal Reserve decision out at 2 p.m. Wall Street time. Ahead of it, we are joined this morning by Annika Gupta director of macroeconomic research at wisdom tree so great to speak with you on a fed decision day on thanks for being with us. Is a 75 basis point move pretty much a done deal today or is there a potential chance for surprise to the up or down side to this afternoon? Well, in our view, Nathan, we do believe 75 is pretty much a done deal. I think it's too early to expect a major shift in stance from fed policy. You know, if we just reflect on what the fair share said in his last meeting in September, you know, they were looking at three key things to alter the pace of hikes or even to allow that pivot to take place. They wanted to see growth continuing to run below trend. They wanted to see movements in the labor market showing a return to a better balance between supply and demand, and the third one was a clear evidence inflation was moving back down to 2%. Now clearly, we did get growth a GDP growth for the U.S. was up 2.6% in Q three, but that was entirely due to a huge swing in net foreign trade. So overall, we'd see that the GDP trade was a third stage reading below the 1.8% median, FOMC projection. But as far as the labor market and the trajectory of inflation is concerned, we are nowhere near meeting the criteria that the fed has set out, and so that's precisely why we don't expect to see a bank shift in stance today. So you're not expecting much of a change in the language we hear from chairman Powell when he gives his news conference this afternoon. The idea of a fed pivot in your estimation is going to have to wait. Is that what I'm hearing? That's absolutely right. You know, he's definitely going to be pushed hard because obviously we're seeing more commentators sharing that view that the fed is now increasingly at a high risk of pushing the economy into a recession. Because they've given themselves very little room for maneuver. But they can't take a U turn on a statement that they've made just 6 weeks ago, because there has we aren't moving towards their creative as far as the labor market is concerned. Neither is the inflation trajectory moving anywhere close to the 2% level. And so something needs to change within these two key data metrics to allow them to even hint at a pivot at this point in time. What kind of market reaction do you expect to see then if we continue to get a hawkish stance from this fed? The thing is Nathan, if you just look at the way the market has been trading over the last few days, be it on news on coming out of China. News coming out of the UK and in the aftermath of the recent ECB meeting, it looks like the market is looking for a catalyst to fuel that bear market value. And even though there's a dearth of those capitalists available, the market is trying to push forward and I think that it's still going to be disappointed. So as far as market reaction today, if we do get a surprise and it's contrary to what we believe here, you will get you will get that rally continuing. But it will die out shortly after, because tomorrow we're going to have the key payroll data come in. And that's going to swing the market direction again in a totally different direction. And hence, I think the key thing to keep in mind today is, you know, you could get an extension of that bear market rally. But it's unlikely to last long. All right, maybe looking ahead to December already. Thanks for this sonic. A great having you with us this morning. I could go up to
Bloomberg Radio New York
"karen moskow" Discussed on Bloomberg Radio New York
"It's 5 30 on Wall Street. Good morning, I'm Nathan Hager. And I'm Karen Moskow, we are just about four hours away from the open of U.S. trading. Let's get you up to date on the news you need to know what this shower. We begin with an about face out of the UK, prime minister Liz truss and her administration are dropping a controversial tax cut, Chancellor quasi Quartet had come under fire for cutting taxes on the UK's highest earners. Bloomberg's Lizzie Burton has details from the Tory party's conference in Birmingham. He said that the 45 P rate cook was becoming a huge distraction from a set of strong policies. Of course, the government had also announced this massive energy bailout, so it was desperately trying to cling back to the political credit for that. He was asked what changed he said, we listened to people. We get it. He was asked, has he considered resigning? He said, not at all. The prime minister had thrown him under a bus yesterday blamed him for this top rate of tax cuts. So the question now is how much of the rest of the package can survive? Burden says the move may cool the political backlash, but there's still concern for markets and the pound and checking Sterling now. It's at 1.1201 against the dollar. In the meantime, Karen today kicks off the start of the fourth quarter for markets, U.S. stocks are coming off their third straight quarter of losses for the first time since 2009, LPL financials Quincy Crosby says there are still plenty of risks. We've seen the volatility index climb the vix because there's more uncertainty and certainty regarding how does the fed actually bring us to price stability without as the proverbial breaking something. Also, you know, we're going into third quarter earnings season and the questions are what are those companies saying not only their bottom line, but the margins, but what's the guidance? Quincy Crosby with LPL financial thinks stocks may go lower from here until they find a level that has discounted economic headwinds. Wall Street's biggest bears Nathan is staying bearish, Morgan Stanley, chief U.S. equity strategist Mike Wilson said a fed pivot is becoming likely as money supply falls, but still that move won't like concerns about earnings. He sees a bottom for the S&P 500 as low as 3000. In banking news, Karen shares of Credit Suisse are down nearly 7 and a half percent the Swiss banks finalizing plans that will likely see sweeping changes and could include cutting thousands of jobs over a number of years. Oil on the rise this morning, Nathan, there are indications that OPEC plus may slash production by more than a million barrels
Bloomberg Radio New York
"karen moskow" Discussed on Bloomberg Radio New York
"And I'm Karen Moskow, we are just about four hours away from the open of U.S. trading. You have to date in the news you need to know what this shower we begin with politics. Republican representative Liz Cheney losing her primary in Wyoming to Trump backed Harriet hegemon. Cheney voted to impeach former president Trump and co chairs the House select committee investigating the January 6th insurrection. She says Trump's fanning the flames of violence. Our nation is barreling once again towards crisis, lawlessness, and violence. Liz Cheney warned supporters that stolen election rhetoric could become normalized if former president Trump is not held accountable. And in Alaska, former governor Sarah Palin advanced the general election in November for the state's open the House seat and Alaska senator Lisa Murkowski and Trump backed challenger kellett Chewbacca earned two of these slots in the Senate race with results still being tabulated to determine the final two slots. Well, sticking with politics, John President Biden has signed the inflation reduction act into law, the landmark bill addresses tax climate and health policy, the measure garnered no GOP support from both chambers of Congress. And to markets now, Karen, where the S&P 500 posted a small gain yesterday. Now today, markets will be watching minutes from the fed due out at 2 p.m. Wall Street time, and U.S. retail sales data for July at 8 30 this morning, economists predict a gain of just one tenth of a percent for retail sales. Well, attorney to commodities John oil slide continues as traders weigh the prospects of a few key geopolitical factors right now West Texas screwed is this little change at $86 60 cents a barrel and Bloomberg need a young joins us live with this story ready to good morning. Good morning Karen, WTI futures dropped more than 3% yesterday, closing below $87 a barrel. They're also lower this morning as talks between Iran and the European Union signal progress toward a renewed nuclear deal that could open the door to crude shipments from the Islamic Republic. Market analysis says the potential for a deal creates a two way risk for the price of oil, but the primary driver of the current weakness is the threat of a global recession and a coronavirus lockdown in China, live in New York, I'm renita young Bloomberg daybreak. Ray native things overseas in the UK inflation hit a 40 year high today the July consumer price index rose 10.1% and Bloomberg Lizzie Burton says the date is likely to impact Bank of England policy. Bloomberg economics has changed its base case. It now sees 50 basis points in September following up on that jumbo hike in August. It's Bloomberg's Lizzie burden reporting from London saying rising food prices adding to the squeeze on UK consumers. Yeah, that brings us to 5 33 on Wall Street tend to bring in Michael Barr with more of what else is going on in New York and around the world. John, thank you very much, Rudy Giuliani
Bloomberg Radio New York
"karen moskow" Discussed on Bloomberg Radio New York
"Good morning. I'm Nathan Hager. And I'm Karen Moskow. We are just about four hours away from the open of U.S. trading. Let's hit you up to date on the news you need to know what this shower will begin in the nation's capital where much of the focus will be today on former president Trump is returning for the first time since leaving office and the Federal Reserve's two day meetings kick off today. The Central Bank is set to raise rates as it looks to tamp down inflation. Well, U.S. futures are lower this morning Karen as markets get ready for the feds next move. Lisa Erickson, senior vice president with U.S. banks, says she's preaching caution on stocks. We are more defensive right now. Again, while in the near term, we see some of that underlying fundamental strength that we came into the year as preventing the worst case scenarios. Lisa Erickson with U.S. bank says the U.S. will narrowly avoid recession as inflation begins to recede. Well, turning to oil now, Nathan, crude is advancing for a second session signs of a tight marketer offsetting concerns about an economic slowdown and checking prices right now and I'm excrete oil at 1.7%. Up a dollar 63 at $98 30 cents a barrel Brent is up 1.4% at a $106, 63 cents. My corporate earnings are in focus as well Karen shares of Walmart are down almost 9% this morning after the company lowered its forecast for the second quarter. Bloomberg's ronita young joins us live with details good morning Renee. Good morning, Nathan. Analysts say Walmart's warning gives more insight into the health of the U.S. consumer. That's likely to signal more pain ahead for retail stocks as they take on food and gas inflation. Morgan Stanley cut its price target for Walmart and says it challenges the broker's view of the retail giant as a safe haven play. City analysts didn't think Walmart would be hit as hard as others. And say the news is a sign that marginally higher income consumers are feeling the pinch from inflation. But piper Sandler says it's too early to take a more constructive view on Walmart, so analysts, they are waiting on a more broad earnings reset industry wide. Live in New York, I'm ranita young Bloomberg daybreak. All right, we need to thank you over in Europe, UBS reported weaker than expected profit for the second quarter. The global market sell off kept wealthy clients on the sidelines as a Swiss bank saw outflows of $12 billion, and UBS shares are down more than 5 and a half percent. And we get earnings from Microsoft today. Here's Bloomberg's Jeff Bellinger. Bloomberg intelligence notes that half of Microsoft's total sales come from outside the U.S. that makes the software giant more susceptible to foreign exchange movements and the stronger dollar may have weighed on the company's bottom line. Sales of consumer PCs may have slowed, but BI expects to hear that overall sales increased 14%, Jeff Bellinger, Bloomberg daybreak
Bloomberg Radio New York
"karen moskow" Discussed on Bloomberg Radio New York
"And I'm Karen Moskow in U.S. stock index futures are lower the morning. We are coming up to 6 O one on Wall Street, and we check the markets every 15 minutes throughout the trading day on Bloomberg, S&P futures down 11 points, down futures down 53, NASDAQ futures down about the same that Dax in Germany is up to tenths of a percent. Ten year treasury up 6 30 seconds yield 2.97% in the yield on the two year 2.99%. Nymex crude oil is down half percent or 55 cents at a $102 18 cents a barrel, comic school down to 10% or $3, 90 cents, at 1735, 70 announced Nathan. Karen, we began with a violent attack in Japan, former prime minister Shinzo Abe has been assassinated shot during a campaign event. We get more from Bloomberg's Garrett reedy in Tokyo. The reaction from the people here would be, I think I would term it as shock. These kind of events are extremely rare. For this kind of thing to happen in a country where normally the politics are quite staid on where there really wasn't a lot of interest and stuff that's going on sometimes. Absolutely extraordinary. And of course, gun crime here is extremely rare. Bloomberg scared really reports from Tokyo that a 41 year old suspect is under arrest. He told police he wanted to kill Abe because he was frustrated with the former premier Abe died after being shot from about ten feet away with what appeared to be a homemade firearm. All right, Nathan, meantime in the UK, pressure is building on Boris Johnson to relinquish power sooner. His Conservative Party wants to speed up the contest to choose Johnson's successor by the end of the summer, Bloomberg's Lizzie burden reporting from Westminster has more. It's a wide open race. At the moment, the frontrunners are driven by those with military experience and credentials. So the defense secretary Ben Wallace, the former defense secretary penny Morgan, and also Tom tegan Hart, who's never held a senior cabinet position, but has served in the armed forces. Of course, because of the war in Ukraine, they are taking the spotlight, but we're also in the midst of a cost of living crisis here in the UK. So that lends the limelight to the former Chancellor Rishi sunak. And Bloomberg says he burden says Boris Johnson is hoping to stay on for at least three more months. Well, back here in the U.S., Karen relations with China are in focus, and today President Biden will hold a meeting to discuss possible reductions in U.S. tariffs on Chinese goods. Amy Morris has details from our Bloomberg 99 one newsroom in Washington. Sources tell Bloomberg news that today's meeting revolves around whether to remove some Trump era levies on $300 billion in Chinese imports, reducing those tariffs is seen as a potential weapon against inflation. Treasury secretary Janet Yellen and commerce secretary Gina raimondo have said that it could help, but ending tariffs on Chinese goods won't help Americans wear higher prices hurt the most. Food, fuel, and housing. Yellen, raimondo, and trade representative Catherine tye will not attend today's meeting. In Washington, I made me Morris Bloomberg daybreak. All right, Amy, thank you for turning to the economy now. We are less than two and a half hours away from the June jobs report, economists say payroll gains will slow after the fed raised interest rates. We get more from Bloomberg's Michael McKee. The consensus view is fed officials will be pleased by the June jobs report, hiring slowing but still strong, unemployment essentially unchanged and wage pressures easy. An on forecast result would likely leave Wall Street investors reasonably satisfied as well. The question is, what happens if we get an extremely strong or extremely weak report? The central bankers have suggested a strong report won't change their plans for what will likely be another three quarter percentage point increase at the end of the month, but expect volatility if weak numbers lead investors to increase bets on recession. Michael McKee, Bloomberg daybreak. All right, Mike, thanks. So two of the fed's most hawkish members are coming out to support big rate hikes. Here's fed governor Christopher Waller. I'm definitely in support of doing another 75 basis point high in July. Probably 50 in September and then after that, we can debate whether to go back down to 25. Fed governor Christopher Waller made those comments at an event hosted by the national association for business economics. St. Louis fed president Jim bullard also calling for a 75 point rate hike this month. If we don't get the inflation under control, inflation expectations could become unmoored and if that happened, then you get this long and complicated tangle like we did in the 70s. Both bullard and Waller are voting members of the federal open market committee this year. While turning to corporate news now, Nathan shares a Twitter down almost 4% in early trading, there's more concern that Elon Musk's proposed acquisition of the social media company is falling apart. We get the latest from Bloomberg's Chanel basic, who was at this week's tech conference in sun valley. Twitter CEO, CFO, and board chair are all here at a small meeting of elite investors. Now there's a concern that the deal for Elon Musk to buy Twitter may be in jeopardy as he's concerned about bots and has stopped talks with a key potential investor, according to The Washington Post. However, investors at sun valley also believe that Elon Musk may be looking to renegotiate the deal, especially given that Twitter stock price has fallen so far. I'm shanali basic, in sun valley for Bloomberg news. Ali basic in sun valley says Musk is slated to speak at the conference tomorrow. All right, we'll also watching shares of GameStop this morning. They are falling in early trading down more than 7% on a key executive departure. Let's get more on that live from Bloomberg's journey to Jung. Good morning Grenada. Good morning, Nathan. GameStop fired its CFO Mike recupero yesterday. He was one of the several Amazon employees that GameStop had recently hired, it was an effort to shift its focus from physical storefronts to ecommerce. But Bloomberg sources say recupero was fired because he was not hands on enough and treated GameStop as if it were Amazon. The current chief accounting officer will replace him. The company is attempting to turn around a business that's been hit by shifting gaming demands and a troubled market live in New York. I'm Rene young Bloomberg daybreak. Okay, renita, thank you straight ahead, we'll bring you your latest local headlines and a check of sports. This is Bloomberg.
Bloomberg Radio New York
"karen moskow" Discussed on Bloomberg Radio New York
"Dot EDU. Influential conversations from Bloomberg television. Here's francine LaCroix. Joining us now is Peter Carlson. He's the chief executive officer of northvolt. Peter, thank you for joining us. Your company is doing some things that really are peaking the interest of the markets. How much do you want to grow northolt in the next three years? In the next three years, it's pretty much all about or scaling up in our big first Gigafactory up in northern Sweden in we left you. But with lead times of new factories, we're establishing management teams that will drive establishment of additional facilities. For example, the joint venture factory with Volvo car scene in Gothenburg that we aim to be stored production in 2025. What's your biggest challenge right now, Peter? Our biggest challenge here for a short term is just to keep focus on executing and getting products out and show our customers that we can deliver on time and here the focus is very much in our factory in which we call Norfolk aired up in we left you where we are starting to deliver to customers and now it's all about putting line by line up and running and getting the yields where they're supposed to be. Here more conversations like this one on Bloomberg television streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings. Markets, headlines and breaking news, 24 hours a day. At Bloomberg dot com, the Bloomberg business app and at Bloomberg quick tape. This is a Bloomberg business flash. And I'm Karen Moskow in futures are little change this morning to ten year treasury up 9 30 seconds to yell 2.77% and the yield on the two year 2.79% at 9 X crude
Bloomberg Radio New York
"karen moskow" Discussed on Bloomberg Radio New York
"Market day with Bloomberg surveillance Can we get back on script Who says finance can't be fun I can make sense this morning at all a sound like Tom king Bloomberg radio and Bloomberg television Markets headlines and breaking news 24 hours a day At Bloomberg dot com the Bloomberg business app and that Bloomberg quick tape This is a Bloomberg business flash And I'm Karen Moskow and stocks in Europe and U.S. stock index futures are pushing higher this morning after China's latest measure to bolster its economy injected a note of optimism at the end of another volatile week for global markets We check the markets every 15 minutes throughout the trading day On Bloomberg S&P futures up about 42 points down futures up 270 and NASDAQ futures have 177 The decks in Germany F 1.7% the ten year treasury down 6 30 seconds yields 2.85% yield on the two year 2.62% Nymex crude oil is down a third of a percent or 37 cents at a $111 84 cents a barrel Comex gold up about two tenths of a percent of two 70 cents at 1850 50 announced The Euro one O 5 8 one against a dollar British pound 1.2475 and the yen one 28.11 and Bitcoin this morning is up about tenth of a percent It's a $30,260 And that's a Bloomberg business flash Now here's Michael Barr with more on what's going on.
Bloomberg Radio New York
"karen moskow" Discussed on Bloomberg Radio New York
"Now more than half of enterprises think they need a complete supply chain revamp They're fed up with massive hits to revenue profits and reputation Thinking the same can help Hundreds of Fortune 500 and global 2000 enterprises count on gee software to transform their supply chains for greater agility and resilience with complete visibility and better control GE software strategy managed services Influential conversations from Bloomberg television Here's Manus cranny Let's get to the seat FO for us to bang it is Stefan Dora He joins us now Stefan thank you for joining Danny and I Do you expect the risk environment given the unknown knowns from the Russia Ukraine war Do you expect the overall risk environment to deteriorate And if so materially and therefore this conservative number of 13 basis points in the cost of risk and nonperforming loans will that materially increase There's two aspects to that The one is the more general situation and I mean one should expect expect a certain deterioration given all the crisis around us When it comes to air in particular we have the privilege that we are carrying forward a quite substantial level of provision still from the pandemic which will certainly help us a lot to mitigate the impact And we are guiding for the full year of 2022 for less than 20 basis points in risk cost which would still be a fantastic level Now let's see how the second and third round effects of the crisis really develop and we will be able to assess in more detail and much better throughout the year Let's hope the best but of course also prepare for adverse scenario Here more conversations like this one on Bloomberg television streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings Markets headlines and breaking news 24 hours a day At Bloomberg dot com the Bloomberg business app and at Bloomberg quick take This is a Bloomberg business flash And I'm Karen Moskow the dollar is steady this morning U.S. stock index futures Meanwhile our higher there are worries over high inflation tightening monetary policy in China's COVID lockdowns that are contributing to some investor caution this morning But again treasuries are moving higher and this was after April's slump which is among the worst since the pandemic royal markets in 2020 Right now S&P futures are up about 16 points down futures at 142 and NASDAQ futures up 48 We check the markets every 15 minutes throughout the trading day on Bloomberg and the Dax in Germany is down 1% Ten year treasury down one 32nd yield 2.93% they yield on the two year 2.72% 9 X screwed oil is down more than 3% on $3 25 cents at $101 44 cents a barrel That's a Bloomberg business flash Now here's Michael Barr with more on what's going on around the world Michael good morning Good morning Karen The evacuation has begun for civilians holed up at a steel plant in the Ukrainian city of mariupol after nearly two months under siege by Russian forces Local officials said people sheltering elsewhere in the city would also be allowed out today In a surprise visit to Ukraine House speaker Nancy Pelosi promised continued support today Pelosi met with Poland's president In the NBA playoffs the Celtics lost to the bucks one O one 89 in their opening game of their series The warriors beat the grizzlies one 17 one 16 in their game one In baseball the Yankees and mets won the Orioles beat the Red Sox 9 5 The nationals beat the Giants 11 5 the a's.
Bloomberg Radio New York
"karen moskow" Discussed on Bloomberg Radio New York
"On Wall Street Good morning I'm Nathan Hager And I'm Karen Moskow we are just about four hours away from the open of U.S. trading Let's get you up to date on the news you need to know what this hour beginning with day 16 of the war in Ukraine Sirens heard again in the capital Kyiv the mayor of the city says almost half of its citizens have fled since Russia's invasion began Cities in western Ukraine are now under attack too taking fire from a long distance strikes in the south the city of mariupol remains under siege the death toll there has reportedly passed 1300 Back in D.C. Karen President Biden is set to call for an end to normal trade relations with Russia Sources say the plans would allow for increased tariffs on Russian imports putting Moscow on par with Cuba and North Korea At the same time Nathan the Senate has passed a spending bill that includes security and humanitarian aid for Ukraine And we get the details live with Bloomberg's raita young good morning Renee Good morning Karen just over $13 billion of that package goes to Ukraine for a humanitarian and security aid for Democrats passing this bill in an era of hyper partisanship is a major achievement The government had been using Trump era program funding levels since the start of the fiscal year on October 1st And now domestic agencies will get a nearly 7% boost The spending bill now goes to President Biden's desk for his signature In New York I'm renita young Bloomberg daybreak Okay we need to thank you on Wall Street today the war in Ukraine has one firm cutting its forecast for U.S. growth Let's get that story live from Bloomberg's John Tucker John Nathan Goldman Sachs warns there is more than one in three chance the U.S. will slip into recession in the next year The firm is cutting growth forecasts because of the hit from rising oil prices and other impacts from Russia's war the revision comes the U.S. prices for everything from gas to food and housing jump to a 40 year high And that's even before Russia's invasion for this year of the firm predicts GDP will slow to 1.79% live in New York I'm John Tucker Bloomberg daybreak Right John thank you Meantime the corporate exodus from Russia continues JPMorgan is joining Goldman Sachs and winding down operations there Citigroup has yet to act but says it's also assessing operations in Russia Futures this morning are on the rise S&P futures up 23 points Dow futures of a 147 NASDAQ futures have 82 the ten year treasury little change yell at 1.98% and the yield on the two year 1.70% Nymex crude oil is up 2.7% of $2 86 cents at a $108 88 cents a barrel Straight ahead your latest local headlines plus a check of sports and this is Bloomberg 5 33 on Wall Street 40° in Central Park but jammed up on westbound LIE with a crash in Maurice avenue Michael Barr has more on what's going on in New York at around the world Michael Thank you very much Nathan New York mayor Eric Adams unveiled his economic development plan for the city Adam says it would usher in a new New York during his.
Bloomberg Radio New York
"karen moskow" Discussed on Bloomberg Radio New York
"It's 5 30 on Wall Street Good morning I'm Nathan Hager And I'm Karen Moskow we're just about four hours away from the open of U.S. trading Let's get you up to date on the news you need to know what this shower beginning with the war in Ukraine The U.S. says Russian forces are intensifying their strikes on a capital city of Kyiv Ukrainian president volodymyr zelensky says his military will continue to defend their land We will not give up We will not lose We will fight till the end at sea in the air We will continue fighting for our land Whatever the cost we will fight in the forests in the field On the shores in the streets President zelensky says he will stay in Kyiv as long as is necessary to win the war Well back here in the U.S. Karen you president Joe Biden announced plans to curb brush and oil imports This is a step that we're taking to inflict further pain on Putin But there will be cost as well here in the United States I said I would level with the American people from the beginning And when I first spoke to this I said defending freedom is going to cost It's going to cost us as well Democrats in the House unveiled legislation to ban imports of Russian oil to vote on that measure is expected today Checking prices now they're actually moving lower with not excreted down 1.9% or $2 24 cents at a $121 46 cents a barrel Brent is down 1.4% at a $126 12 cents Well Nathan the list of companies suspending operations are pulling out of Russia keeps growing We get the latest live from Bloomberg's ready to young good morning Renee Good morning Karen iconic brands like Starbucks Coca-Cola and McDonald's are the latest to pull out of Russia The coffee chain's partner in the country is pausing operations and will give support to the nearly 2000 partners who depend on the company for their livelihood PayPal is also suspending business in Russia And PepsiCo said it'll stop soft drink sales in the country but will continue to sell daily essentials like baby formula and milk live in New York I'm renita young Bloomberg day break Okay we need to thanks the Russian rubles weakening sharply this morning before the war it was trading around 80 per dollar right now It's weakened to more than a 135 per dollar Well Nathan Bitcoin is surging It's jumped above 42,000 thanks to optimism about a U.S. overhaul of crypto oversight treasury secretary Janet Yellen calls an upcoming executive order from The White House quote historic She says it strikes the right balance between fostering innovation and addressing potential risk tied to cryptocurrencies and checking Bitcoin right now is at 42,900 $42,096 At a programming note for today join us about three hours from now for a conversation with Bill gross the former Bond Titan sits down for an interview on Bloomberg surveillance coming up at 8 30 a.m. Wall Street time This is Bloomberg daybreak And it's now 5 33 on Wall Street where at 40° in Central Park We'll tell you more about the lingering problems for New Jersey transit a few minutes First Michael Barr's here with what else is going on in New York and around the world Michael Thank you very much Nathan New Jersey governor Phil Murphy has proposed a $48.9 billion budget It boosts K through 12 funding redistributes nearly a $1 billion in property tax relief and raises overall spending by about 5% over last year's plan Murphy spoke in the assembly chamber the first time since the COVID pandemic We've been able to provide more relief and better opportunities for everybody else We've been able to better support our public schools We've been able to meet our full annual pension obligation You have a Murphy also talked about the war in Ukraine We will take whatever actions are needed to ensure New Jersey taxpayer dollars are not supporting Putin's unlawful invasion of Ukraine Murphy says they will take a look to see whether there are any Russian owned entities in their pension fund Florida's parental rights and education bill has passed in the state Senate and the governor says he will sign it The bill has been dubbed the don't say gay bill by LGBTQ activists which says lessons on quote sexual orientation or gender identity may not occur in kindergarten through grade three The first person to go on trial over charges stemming from the January 6th riot was found guilty of obstruction of Congress and other counts Texas militia group member guy rough it was convicted of all 5 counts brought against him in Washington following a 6 day trial Nicole claims the trial was just a way to scare others who stormed the capitol.
Bloomberg Radio New York
"karen moskow" Discussed on Bloomberg Radio New York
"It's 5 30 on Wall Street Good morning I'm Nathan Hager And I'm Karen Moskow we're just about four hours away from the open of U.S. trading Let's get you up to date on the news you need to know what this shower We begin with the latest developments on Ukraine The country plans to declare a nationwide state of emergency as tensions with Russia mount and President Biden says he is raising the number of military forces in the region We get the very latest from Bloomberg said Baxter President Biden says he has no plans to fight Russia militarily in Ukraine but the red line is at the boundaries of NATO countries I have authorized additional movements of U.S. forces and equipment Already stationed in Europe to strengthen our Baltic allies Estonia Latvia Lithuania Meanwhile the first sanctions White House spokeswoman Jen Psaki says are just the first step They're designed to have a squeezing impact over the course of time And we have many more escalatory steps that we could take And they say no future talks with Russia are planned In San Francisco I'm at Baxter Bloomberg daybreak All right Ed thank you President Biden's first round of sanctions on Russia hit the markets with a whimper global stocks are rising this morning after yesterday's slumps on the S&P 500 close in correction territory down 10% from its January highs So the next round of sanctions could bite a bit harder That's according to saxo bank chief investment officer Steen Jacobson The next step up from this will be very serious in terms of the issues of debt and the connection inside to Russia As someone who goes to Russia I know the Russians of course live with this but also know that the business people that I know and talk to in Russia are certainly impacted by this and feel this is a constraint on the way they do business Steve Jacobson at saxo bank says the Federal Reserve should still be the primary focus for markets right now On the earnings front this morning Nathan shares a Barclays up more than 2% the British bank posting its highest annual profit on record And we're also watching Apple shares in the pre market They're hired by nearly 1% Karen The iPhone maker dropped its mask requirement for customers at most U.S. retail stores That follows reduced COVID cases and changes in local mandates Apple staff will still be required to wear masks And in Hong Kong HSBC Citigroup and bank of China say they will temporarily close all of their retail branches on Saturdays beginning in March the move comes as Hong Kong scrambles to contain its worst outbreak of COVID And futures this morning are on the rise S&P futures up 33 points down futures have 219 NASDAQ futures have 155 ten year treasury down 8 30 seconds yield 1.96% and they yield on the two year 1.60% The.
No Agenda
"karen moskow" Discussed on No Agenda
"Here. And you've got that little mickey mouse through skype which is offer something weird but there you have it. We were all. The matrix is just reset everything we noticed that again with the cia fbi thing going back and forth at the end of these guys will give us something to talk about the battling each other. So let's stay with the cia for a moment or the nsa or the fbi. It doesn't matter but if you were to create the perfect opportunity to get people interested in the infrastructure. Bill have talking point about these stupid texans who can't keep their grid up it's russia. We heard it on the cbs broadcast report. Oh no russia did this. Russia hacked the meat plant russia at russia's doing all of these small companies they got. The cassandra it's russia. They're doing it and then all of a sudden what multiple cybersecurity experts confirming to. Cnbc this morning that all known websites associated with the hacking group are evil. Are in fact down this morning now. Okay so this is very important. News r. e. r. Evil is the so-called russian grew linked to the kremlin although cbs Sixty minutes pretty much said the russians. They were responsible for it and now all of a sudden their websites are down. Their websites are down either sites maintained by the hacking group which has been linked to russia in the dark web. They use these sites to communicate with their victims to publicize some of the material that they've stolen. All of those now are down. We are told by two high-ranking cybersecurity officials. Here's what you see if you try to go to an arguable site. Right now says a server with the specified host name could not be found. Try again this must be evidence of something going on. That is all the information that we have as of right now. We don't know exactly why these sites are all yes you do. You know exactly why those sites are down. You know why this op had to be completed. Go ahead read the script. We don't know exactly when this event began although all these sites have been active recently. What we do know is that president biden spoke of putin last week about cybersecurity ransomware attacks that have been hitting american companies and we do know that a senior administration official said this last week about the expectation that the united states might strike back the administration officials saying some of them that is the activities that the united states will take. We'll be manifest and visible. Some of them may not be but we expect those to take place in the days and weeks ahead. Oh so. This is really joe biden who warned vladimir putin iovine had. I'm gonna bust you up bro. You better stop. That are evil crap. You better stop. The ransomware worked this statement from senior administration official about activity from the united states. Expected to take place was friday. Today obviously is a couple of days later than that. So it's possible that what we're looking at here as a us retaliation but that's not certain it's also possible that there's russian law enforcement activity also possible that you get the point. The point is yeah we did it. America there's another thing that did not discussed within this blue report which is left out conveniently was was john kerry You got me on that one. Yeah because nobody talks about this. Also john kerry has just been in a three day as long. Wait three no three days. I'm sorry play. Npr report karen moskow. Voight john kerry was even as the earth is warming relations with russia. Remain in a deep freeze. So it is noteworthy that president clinton on foy john kerry was in moscow this week. The former secretary of state is the most senior administration official to visit russia since took office. Npr's lucian kim was the only us journalists will speak with carrie as he wrapped up three days of talks including a meeting with russian president. Vladimir putin lucienne is here now hey there hey three days of talks thinking. That's a long time in guys. Do we know what all he talked about. And with whom. Well kerry told me that his focus year was exclusively on fighting climate change specifically in implementing the paris agreement and also preparing for big climate summit in scotland this fall. Russia is a major contributor of greenhouse gases. So getting the kremlin on board is really important here During his visit carey spoke to a lot of kremlin officials including president putin himself. But you don't given. How much else is going on in. Us russian relations right now. I pressed him on whether he and putin spoke about more than just climate. We talked about the climate reductions and very brief but less substantive notation for both of us regarding the cyber situation at this point in time. Go into that at all here. Oh so you can very careful in choosing his words but cyber is the main issue right now. Following president biden summit with putin. Last month's there was another ransomware attack blamed on a russian cyber gang and this week that group suddenly went off line and nobody knows exactly why i brief but substantive notation okay will we will await details on. She married Debris weinstein this woman. Abreu those stops of no shopping brief. Say okay we will. We will await details on. Meanwhile carry moscow. Well from his days. As secretary of state he knows the kremlin may know him. What kind of reception did he receive. Go well let me tell you. If i was married till you i would have to slop. You just would make me so crazy. Divorce is imminent. So john kerry to it is def- it's funny. You brought that up because somebody sent me a clip of weinstein and his wife with a comment you know. Carry karoke kerry curry haste. This woman and i..
Bloomberg Surveillance
GE Capital, GE and Karen Moskow discussed on Bloomberg Surveillance
"Karen Moskow. We're watching shares of GE this morning up. Two point three percent. Apollo global management agreed to acquire about one billion dollars of equity investments in energy assets. From a unit of GE capital a deal that could pave the way for
Bloomberg Daybreak
Karen Moskow, Bob Moon and US discussed on Bloomberg Daybreak
"I'm Karen Moskow. I'm Bob moon. We're just about four hours away from the opening of US trading. Let's get you up to date on the news. You need to know at this hour. Stocks are rising around the world
Bloomberg Daybreak
Alibaba's Jack Ma says U.S.-China trade friction could last 20 years
"I'm Bob moon. And I'm Karen Moskow. We are just about four hours away from the opening of US trading. Let's get you up to date on the news. You need to know at this hour. Global markets are reacting to the latest esscalation of the U S China trade war with relative, calm, US futures. And European equities are higher after stocks in China. Gained nearly two percent today. This list moves on trade include the Trump administration. Imposing a ten percent tariff on two hundred billion dollars in Chinese goods next week. And then doubling that rate in two thousand nineteen and China's stands ready to respond. Bloomberg's Tom MacKenzie reports from Beijing
Kevin and Bean
Tesla, Jamie Butters and Chief Accounting Officer discussed on Kevin and Bean
"Nine. We are watching tesla this morning. It's down seven point eight percent in early trading. Its chief accounting officer giving notice he's resigning one month into the job citing the level of scrutiny on the electric car maker. Meanwhile, Tesla's HR chief also said she has not returning
Bloomberg Daybreak
Bloomberg, US and The Wall Street Journal discussed on Bloomberg Daybreak
"Good morning to you. I'm Bob moon. And I'm Karen Moskow. We are just about three hours away from the opening of US trading. Let's get you up to date on the news. You need to know at this shower. US futures are
Bloomberg Daybreak
Bloomberg, US and Del Giudice discussed on Bloomberg Daybreak
"Are lower has investors await the latest word on trade and key payroll data the Asia Pacific index fell for a seventh session that's its longest losing streak since
KDWN Programming
U.S. jobless claims fall to near 49-year low
"ADP releases its monthly report on hiring economists. Forecasts private payrolls increased by two hundred thousand in August and Bloomberg's Vinny Del Giudice has a preview in July. The ADP report posted a gain of two hundred nineteen thousand jobs, the most since February Bloomberg economic says we could see a pickup and factory hiring across the US the ADP along with today's weekly jobless claims at the state TRE Friday's monthly employment report. Economists say the economy probably added roughly one hundred ninety five thousand non-farm jobs in August that would be more than July. Vinny Del Giudice, Bloomberg
Bloomberg Daybreak
US, Vinny Del Giudice and President Donald Trump discussed on Bloomberg Daybreak
"Daybreak and it's five thirty on. Wall Street. Good morning I'm. Karen Moskow I'm. Bob moon we're just about four hours away from the opening of. US trading let's get you up to date on. The news you need to know what this
John McCain, Disney and Walt Disney World discussed on
"Eight ten The minimum wage, for workers at Walt Disney World. In Orlando Florida will be going up significantly Disney reached a tentative deal with unions to hike the minimum wage to fifteen dollars an hour by the year twenty twenty one. Which would increase starting wages by fifty percent
Bloomberg Businessweek
Sarah O'Brien Tesla, Bloomberg and Executive discussed on Bloomberg Businessweek
"Executive orders. Intended to make it easier to fire federal employees and. Cut back on. Collective bargaining correspondent Jan Johnson explains the president signed three. Executive orders in may that the administration said would give agencies greater freedom to cut loose federal workers. With poor
Bloomberg Daybreak
Bloomberg, US and President discussed on Bloomberg Daybreak
"Air John is set to speak speaking about ninety minutes for the first time since. The latest selloff began. Economists say US consumer prices probably edged. Higher in. July rising two. Tenths of a. Percent the government will issue the data at eight thirty this morning. Wall
Bloomberg Daybreak
Wall Street futures creep higher
"Futures this morning are moving higher s. And p futures up three points Dow futures up, eighteen NASDAQ futures up ten and, we check Check. The markets every fifteen. Minutes throughout. The trading day on Bloomberg Dax in Germany's up about half percent CAC in Paris down two tenths. Percent Footsie-100 down six tenths percent ten year treasury down three thirty seconds yield two point nine.
Bloomberg Daybreak: Asia
Small-Business Owners Not Fazed by E-Commerce, Technology
"Online may have changed the landscape but most small. Business owners say they don't see, much competition from the big online retailers the latest quarterly Wells Fargo Gallup small business index finds eighty percent of small businesses responding to their. Company did not compete with Marge ecommerce companies retailers at the same time some small firms are continuing to increase their digital presence to compete in the increasingly digital marketplace while only quarter business owners. Say they currently conduct twenty five percent or more of their business online the number of respondents who expected to conduct at least. This much business online in. The next five years. Was thirty. Seven percent additionally more than half said They are at least somewhat likely to increase their online and social media marketing. Efforts over the next year Wells Fargo survey also found small business optimism at the highest level in the surveys fifteen year
Politics, Policy, Power and Law
S&P 500, Dow edge down as oil prices, trade worries weigh
"Minute. Wall Street has something of an energy problem. Today the Dow is down forty two, points the NASDAQ up for the SNP flat drop in crude oil prices is pressuring energy shares crude oil futures are falling two dollars fifty six cents to sixty six. Sixty one a barrel US oil and fuel, stockpiles hit a seven-month high and all of Wall Street is worried about an escalation in China US
Bloomberg Daybreak
Jeff Bellinger Bloomberg, Bloomberg and CBS discussed on Bloomberg Daybreak
"Nineteen and around the globe Bloomberg business app and bloombergradio dot com this, is Bloomberg daybreak morning at six thirty, on Wall Street I'm Nathan Hager and I'm, Karen Moskow we are just, about three hours away from the opening of. US trading let's get you, up to date. On the news you need to know at this hour fresh round of trade war. Fears has sending stock markets lower across the world the hardest hit Asia stocks in China and Hong Kong, fell more than two percent Turkey's lira tumbled past five per dollar to a, record low government, bonds and stocks also slumped after the US imposed unprecedented sanctions on Turkey, it's the Bank of England, stern following the fence, decision to stand Pat but unlike the central Bank economists are forecasting. The b. o.. EA, will raise As rates a, quarter of a point on the earnings front. Dow DuPont. Cigna, Aetna and. CBS. Lead four dozen companies in the. S. and, p. five hundred reporting results today. We get a CBS preview from Bloomberg's Jeff, Bellinger CBS started the year on a strong footing and Bloomberg intelligence says. The network likely build on that momentum in the second quarter. The networks earnings call could be especially. Newsworthy Fox News has reported that embattled CEO les Moonves plans to speak. On the call the CBS board this week decided. An outside council should look into charges, of sexual misconduct by moon Bess Jeff Bellinger Bloomberg daybreak Jeff thank you tesla. Shares are up more than eight and a half percent in early trading the electric car maker burning through less cash than analysts expected last, quarter in Europe BMW is down more, than two percent Chinese consumers held back buying, cars in the second quarter, is the German automaker finds itself in the. Crosshairs of a u. s., China trade spat. Shares in Barclays were initially high higher after reporting earnings should there now down one percent the bank beat on most key metrics including trading revenue french banks societa generale also beat earnings estimates but the stock is down two percent after posting a four percent decline in revenue from stock trading and prime services six thirty two on wall street time for the volatility index report the vix rose yesterday to close at thirteen fifteen separately in today's extended morning trading the vix is currently at fourteen thirty eight and that is this morning's volatility report and we are hearing from aetna this morning it reported a second quarter operating profit that beat analysts estimates revenue operating revenue looks like it just missed futures this morning are moving lower s and p futures are down eighteen points dow futures down one hundred seventy five nasdaq futures down at fifty five the dax in germany is down one point seven percent ten year treasury up seven thirty seconds yield two point nine eight percent yield on the two year two point six Six percent and nine x crude oil is down nine. Tenths percent or fifty nine cents. To sixty, seven seven a barrel the euro dollar sixteen fifteen straight ahead we. Have the latest world and national news and this is Bloomberg Darren.
Bloomberg Daybreak
India's Wipro first quarter profit beats estimates
"Karen Moskow we are just about three hours away from the opening of US. Trading let's get you up to. Date on the. News you need to know at this hour US futures are heading. Lower after President Trump said he's ready to Levy tariffs on as much as. Five hundred billion dollars worth of Chinese imports Mr. Trump made the remarks in a pre taped interview with, CNBC this morning European equity indexes are also falling following those remarks the dollar is also. Weakening after President Trump criticized Federal Reserve policy the president said yesterday. That he doesn't like. The central Bank raising interest rates Meanwhile that. You want is recovering. From. A steep decline amid speculation officials. Were seeking to. Stem the drop at the same time stocks in China's search effort report said regulators will loosen rules on the asset management industry cheers of banker. Soft are up three percent in early trading after the company. Reported earnings the top. Testaments we get more from Bloomberg's Charlie. Pellett sales and profit got a boost from customers signing up for more. Internet based storage processing and office productivity software surveys. Of customer chief information officers show an increase in companies signing up for or planning to, use Microsoft's cloud products revenue from cloud computing rose eighty nine percent in the quarter Charlie Pellett. Bloomberg daybreak thank you Charlie the other shoe is dropping four sketchers shareholders the. Footwork company has lost a quarter. Of its value. This morning amid concerns over slowing growth rising costs and lower than. Expected projections and we're watching GE earnings crossing the Bloomberg right now second quarter Adjusted profit beating analysts estimates revenue also. Beat shares are up eight tenths. Percent now about one percent in early trading Honeywell now. Crossing the Bloomberg second quarter adjusted profit. Also beating analysts estimates it boosted its forecast for the year. Bob and Italian bonds and stocks are lower following a report. That finance minister. Giovanni tria may be forced to step down the Italian treasury is now, pushing back against. That report though calling it quote, pure, invention and futures. This morning are moving lower, with us in p futures down eleven points Dow futures down. One hundred thirty two now and NASDAQ futures down ten the Dax in Germany is down nine tenths percent CAC in Paris down one percent and the footsie one hundred is down a third. Of a percent. Ten year. Treasury. Down to thirty seconds yield two point eight. Four percent yield on the two year two point five nine percent NYMEX crude oil up three, tenths percent or twenty one cents to, sixty nine sixty seven a barrel COMEX gold little changed at twelve Twenty-three ninety an ounce the euro a dollar, sixteen forty nine.
Bloomberg Daybreak
How billionaires are investing
"And other day another billionaires the. Number of billionaires increase the most ever last year with one, more minted, every two days Also saw their, wealth increased by seven hundred sixty two billion dollars over those twelve months so how are they investing well joining us, now is Ida Lou she city private banks ultra high net worth banking teams. And as global market manager for New. York Ida. Such a pleasure thanks for being here thank you for, having me it's a pleasure to be on. Alex, so you have is. Nice window into the ultra high net worth individuals what's their biggest. Question right now what's interesting because we've been advising our clients to go global build globally diverse portfolios and yet what. We're, seeing with US investors is a huge home bias philosopher investments are still US Centric and. In addition to that still a very high level of cash so post the. Financial crisis they had roughly twenty five percent of their assets in cash fast. Forward to today it's still twenty two, percent so very very high level. And as a, point of context if I. Wasn't investor and I sold at. The peak, of the market before the market crash and sat and cash every single asset class would have Outperformed by a large margin so. More the reason to put. The money, to work and. To diversify further geographically as
Bloomberg Surveillance
Moskow Goldman Sachs, Goldman Sachs and Johnson Johnson discussed on Bloomberg Surveillance
"Flash and I'm Karen, Moskow Goldman Sachs shipboard second-quarter fixed income sales and trading revenue that beat analysts estimates. Investment banking revenue also beating equity sales and trading revenue missed. And shares are down, about eight tenths of a percent Tom and John. Will have much more. On Goldman Sachs earnings in just a moment Johnson Johnson. Recording a twenty percent growth in its drug unit in the second quarter its shares are up half a. Percent right. Now the company did trim it's forecast for the year as a strong dollar hampered its growth and Netflix is down twelve and a half percent after it added far. Fewer subscribers and expected last quarter European stocks are moving. Lower along with s&p futures as investors prepare. To digest all these earnings as well as the latest clues from the Federal, Reserve on monetary policy we check the markets every fifteen minutes throughout the trading Day on Bloomberg guessing futures down three points Dow futures. Down Twenty-eight NASDAQ futures down for the, Dax, in Germany. Is down two tenths percent treasury at one thirty second, point eight, five percent yield on the two year two point. Five nine percent NYMEX crude oil is. Down less than a tenth of a percent down four. Cents to sixty eight oh three a barrel COMEX gold is up a tenth, of a percent..