12 Burst results for "Kristina Hooper"
Bloomberg Radio New York
"kristina hooper" Discussed on Bloomberg Radio New York
"Week in a row that is the longest winning streak since January of 2005 for her take on what we are seeing in the markets we welcome back now Christina Hooper she is in Vesco global market strategy Christina always great to have you with us so what did you make of this week it doesn't seem to be in one straight line at the moment well David I think this was really a story of bad news is good news good news is bad news and this week it was good data that raised fears that the Fed may have to continue hiking rates and that's really all it was to it but actually if we go through the data not everything was that that positive right yes everyone seized on the ISM services but actually the S &P services wasn't as good if we look at initial jobless claims yes they're lower get you know below us we've seen and in a while and it's been on a trend for a few weeks but other readings suggest more tepid labor market right what we saw from jolt the survey last week so I think markets have been concerned because of a few data points but I've always stressed that not every data point is going to perfectly support the narrative of a trend but we are very much in that disinflationary trend disinflation are we on our route to two percent and if so how long to is it going take us to get there I do believe that and I'm happy you asked that because the Chicago Fed economist just put out a paper arguing that we are actually on that path and that we will get to 2 % inflation now now it will take some time to get there but that's okay because again typically we see a trend between when monetary policy is enacted and when it shows up in the economy. What does this say to investors what do you do in this sort of world of as you say bumpy landing there's going to be some uncertainty even if it's not going to go off a cliff. What does an investor do? Well investors have to understand that there are going to be shifts in leadership because markets are uncertain right now we have a lot of fear right now but once we get clarity that the Fed really has ended its rate hike cycle that's when markets can look ahead and start to discount in economic recovery so that would mean being positioned more in in cyclicals more in smaller caps but also looking outside the US international is going to be a lot more attractive as the US dollar weakens and while it has been strong I do believe that we will see it start to weaken once we have that clarity that the Fed has stopped hiking rates. I was briefly worried about my president did go up this week certainly that's a concern but it takes time to filter into the rest to make it into core so if this is a relatively short burst I'm not that concerned about Is the Fed going to be concerned? I don't think so because the Fed's looking at a mosaic of data and again this is about a very strong disinflationary trend that I think they can see and that was supported by what we heard anecdotally in the Federal Reserve Beige book this week. Kristina it's always such a treat to have you here thank you so much that's Kristina Hooper of Invesco. The Department of Artificial Intelligence poses all sorts of opportunities and risks for investors the world over and one of the founders of DeepMind that's the AI startup now part of Google has written a book the coming wave technology power in the 21st century's greatest dilemma in which he sets out the wonderful opportunities as well as the terrifying threats posed by AI and the need for nation -states develop structures to contain this powerful new technology. At this moment we have to be optimistic and encouraging of the nation -state this is a moment when the state has to adapt and evolve just as we all have to evolve to these new technologies there's no way to put the genie back in the bottle this really is happening so the art is going to be around shaping it in public the interest and making sure that our democratic governments remain in control the historian Neil Ferguson has written not just about economics and money but also about the politics of disaster in his book doom he is a senior fellow at the hoover institution as well as a bloomberg opinion contributor and we're welcome now back to wall street week so neil thanks for so much being with us i know you've read the book because you call it dazzling in a column as you wrote for bloomberg here uh... give us your biggest takeaway from this book why do you say something that no one can afford not well to moustafa read salim knows what he's talking about he was really present at the creation of the big a high breakthroughs of recent years one of the founders of deep mind which has been a key pioneer in the field and so he comes to the subject with the really almost rivaled but expertise he was there in the room when they built uh... a eyes that could be world champions at chess and then it goes uh... so i i respect him as true authority in the subject not everybody who writes about the eyes nearly as well the rest as moustafa is and so when he says we have a problem and it's a problem that today's nation states are really well set up to deal with i think we should all listen uh... because i don't find it plausible than just letting it read as some people uh... would advocate is prudent given the potentially very dangerous things that they are is capable of doing as you say you know he really sets out wonderful things and dangerous things at the same time uh... you are a story and of course and one of the things that mister salomon talks about is the need for what he calls containment and he admits that that sort of sounds like george ends proposal for doing so the union as you look back in history are there analogies are always rough they're always imperfect but but have there been times when we could get our arms around some potentially dangerous new technology and really control well you see the interesting thing about the book is that it has lots historical analogies i mean the wilder enthusiasm for a i will tell you that it's some combination of fire the wheel electrification uh... and nuclear weapons uh... but what was stuff uh... uh... zeros in on that is uh... the analogy with the cold war and i was tempted to suggest he might turn out to be the robert oppenheimer of AI because he observes that there were problems posed when nuclear fission was developed destructive use uh... atomic bombs and potentially very productive use uh... source as a of energy and uh... he shows some of the challenges of regulating this new technology suggest ways in which we might proceed today uh... for example he suggests that there should be arms control talks on AI between the united states and china which are the only two superpowers really developing AI on a massive scale okay thank you so much you know really appreciate your insights as neil ferguson of the hoover institution coming up private equity doing well by doing good we talk with KKR Global Co -Head of Private Equity Pete Stavros and Kathy Bauhaus, CEO of a company he has invested in to explore the world of employee ownership thank you that's coming up on latest the sound on podcast i talk with Bob McNally from rapidan energy group about the trajectory of oil prices and the potential liability for joe biden .com wants to see the whites of the eyes of stock draws and they are seeing those now and so we're moving higher and we think there's higher to go still i would be well into the nineties wouldn't be surprised at all if it touches a hundred end of crude price gasoline prices natural average you'll get back to closer
Bloomberg Radio New York
"kristina hooper" Discussed on Bloomberg Radio New York
"The voiceless will finally have a voice. This great nation can now live up to its core principle. That all are created equal. Not born equal created equal. And a good part of American business was quick to respond with companies like Amazon, Apple, Disney and JPMorgan, pledging to do all that they could to support their employees getting abortions in states that still permit them. Here to sort through it all with us, our Jim McDonald, Northern Trust chief investment strategist. And Kristina hooper, chief global strategist at invesco. So welcome Jim and Christina, great to have you here. Christina, let me start with you on what happened with bond yields because they had been really ramping up they've been a lot of volatility. They settled down a bit today this week. Is that because of a fear of a recession? I do think that it is what we're seeing is concerns about at least a slowdown. I don't know if it's exactly a recession. I would argue that we'll still be able to avoid a recession in the United States. And one could argue that that's what the bond market is telling us. So Joe isn't that exactly what the fed wants is a slowdown, maybe short of a recession. Absolutely. And so I think the softest and commodity prices in recent days has also contributed to the moderation and bond yields. And the fed is tightened financial conditions dramatically and all you have to do is look at what's happened to mortgage rates and the impact and the housing market that they have is starting to have to understand that the fed's impact is already starting to make a difference. Well, I wonder Christina, we got University of Michigan consumer sentiment numbers out on Friday. And they came off a little bit actually on the longer term 5 to ten year expectation of that inflation. Are we starting to see some effect of the fed do you think? I do think we are. I mean, what we're also just starting to see a reflection of some commodity prices, energy prices, easing a bit in the last several weeks. So I think that is reflected in it. I mean, Jay Powell will even said in that FOMC press conference that there is a pretty strong correlation between energy prices headline CPI essentially and inflation expectations for consumers. Jim, how much did the concern about inflation actually comes right off of energy? Just straight off energy. I think it's extremely high. I think if you look at the correlation between gas prices and the Michigan survey, it's really high. It's the most visible demonstration of what energy costs are to the consumer. And so I think it's going to be a critical point to inflation expectations and bond yields over the next year that we see at least a flattening, if not some moderation in gasoline prices. Okay, Christina hooper of invesco and Jim McDowell of Northern Trust will stay with us as we take a look at the markets at what they did to us last week as opposed to what they
Bloomberg Radio New York - Recording Feed
"kristina hooper" Discussed on Bloomberg Radio New York - Recording Feed
"We used to take our freedom of movement for granted not anymore. It's not just if it will work for the airline and its natural. Feel grateful for the things that kept you going. Does america have a chance to lose our advantage. Can we get to her community fast enough so that will be in good shape but really we. Were just doing our jobs. Oxford university is starting to study on patients who've recovered from covet bloomberg radio the bloomberg business app and bloombergradio dot com bloomberg. The world is listening hours a day at bloomberg dot com the bloomberg business and at bloomberg dictate. This is bloomberg radio. This is bloomberg markets with paul sweeney and met miller kind of view the volatility in the marketplace. Here everyone's focused on the vaccine. Rollout top at he's across industries trying to show up there balance sheets these equity indexes. Just keep going up breaking market news and insight from bloomberg experts the strong dollar policy. I think a lot of rhetoric of all the dislocations. There's always relative value that you could be doing. This year. Is how hot to go if he uncertainty. I think that is really grouping everyone. This is bloomberg markets with bowls. Weenie and matt miller on bloomberg radio good wednesday morning from the bloomberg interactive brokers studio in new york city and points beyond. Maybe in london town will find out soon enough. We're gonna talk cyclical stocks coming up a chance. Finucane he's a cio of ox bow advisers. Get his thoughts there. Plus kristina hooper. Good friend of ours. She's a chief. Global market strategist at invesco. Get her thoughts on this economy with the delta variant and what she is doing in markets today but..
Bloomberg Radio New York
"kristina hooper" Discussed on Bloomberg Radio New York
"News update. Attorney General Merrick Garland says it's now harder to protect the right of Americans to vote. But in recent years, the protections of federal voting rights law have been drastically weakened. Garland spoke at the Justice Department and said the right to vote is the cornerstone of American democracy. Police are identifying the gunman who authorities say killed a toddler and his grandmother before turning the gun on himself at a Florida grocery store Thursday. Investigators and Royal Palm Beach say 55 year old Timothy Wall was married for over 15 years before getting divorced in 2019. They also say he was financially troubled President Biden is returning $2 billion to the Defense Department money the president Trump diverted to help build a massive border wall. The White House Office of Management and Budget says only 52 miles of new Wall was actually constructed over four years. Costing roughly $46 million per mile before leaving office. Trump claimed 400 miles of border wall had been built. Corruption in Central America is just one of the many drivers of the latest surge in illegal immigration. Lisa Taylor reports swell. The Lehman with WalMart told Congress that those countries can go digital that will fight the crookedness. If we know that our suppliers will pay their taxes because they know that the tax authority gets a copy of the invoice electronically. Then we're able to make a commit. Meant to going much bigger. The Biden White House earlier unveiled $310 million in aid to Central America. The Border patrol encountered just over 180,000 people at the border last month, most of whom were single males from Guatemala, Honduras and El Salvador. I'm Lisa Taylor. The face mask mandate is being lifted for those who are fully vaccinated in the U. S. House Capital physician Brian Monahan said. The change in policy involves lawmakers and staff in the House chamber and committee rooms. At the close. The Dow Jones gained 13 points to 34 4 79, the S and P. 500 added 8 to 42 47 I'm Brian shook early voting in New York City's primary starts tomorrow, and Mayor Bill de Blasio is still undecided in the mayoral race, Scott Pringle reports after the Democratic debate Thursday night. The mayor on his radio show says he's watching carefully, but thinks he and the vast majority of New Yorkers will not decide on who to vote for until the last minute. Most of the mayoral candidates say they do not want. De Blasio is endorsement. Meanwhile, the mayor does not think the residency controversy over candidate Eric Adams, who owns places in Brooklyn and New Jersey, is an issue in the race. He's a New Yorker is served the city in many different capacities. Child labor is on the rise around the world for the first time since 2000 That's according to a report by UNICEF and the International Labour Organization It claims child labour worldwide has increased to 160 million, which is a jump of more than eight million Children over the last four years. The report found. Children ages 5 to 11 account for over half of those performing child labour. A Bitcoin conference in Miami may turn out to be a super spreader event for Covid 19. Rory O. Neill has more. The city of Miami is trying to position itself as the capital city of crypto currency. 12,000 People attended a Bitcoin conference there last week. And many are now being diagnosed with Covid 19. Many conference goers who since tested positive have been posting on Twitter, warning people they met to get themselves tested. The convention was billed as the biggest Bitcoin event in history. I'm Rory O Neill. There's new recorded music from the surviving members of Nirvana, but it's unlikely you'll ever hear it. That's what Dave Groll said While speaking to Howard Stern recently, he explained Chris Novoselic and touring guitarist Pat Smear get together every time they're in l A and when there are instruments around, they jam out. He noted that sometimes songs happened and they record them when they can, but there are no plans to release them. I'm Brian shook. And I'm Charlie Pellet at Bloomberg World Headquarters. An update on Wall Street the third winning week in a row for the S and P. 500 index Equities, eking out again and choppy trading as investors continue to assess the outlook for inflation and the path of Federal Reserve monetary policy. So where does this leave investors Alicia Levin as chief strategist at Bank of New York Mellon, You buy stocks. That's what you do now because a mild inflationary environment Is actually great for equities. It's great for businesses. It's great for wages, and you don't have a fed that's going to come and kill it all. So you got cyclicals going and you'll have tech going here. Lisa Levine of Bank of New York Mellon and Jill Carey Hall is director of US equity strategy at B of a securities. Now we're transitioning to environment where you know we could see peak stimulus. Quality value might be a better way to to invest at this point, and that's what we started to see play out in performance in recent months, so it's not necessarily the deep value and risk but higher quality that could not perform from here. Joel Carey Hall of B of a Securities and Wall Street's focus will be shifting to the Federal Reserve next week. As investors continue to assess the outlook for inflation. Kristina Hooper is chief global market strategist at Invesco, So it really doesn't matter if inflation is transitory or persistent. It matters what the Fed thinks about whether inflation as transitory or persistent, and that's what markets are finally getting Kristina Hooper at Invesco and Today we were getting a record with the S and P up 8 to 42 47 a gain of about 2/10 of 1%. Now eked out a 13 point gain up less than 1/10 of 1%. NASDAQ Up 49 higher by 490.35% Global News 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 Palette. This is Bloomberg. This is Bloomberg Wall Street Week..
Bloomberg Radio New York
"kristina hooper" Discussed on Bloomberg Radio New York
"To really report because we have the Lunar New Year holiday underway so no trading today in China, Taiwan, South Korea or Vietnam. Hong Kong will trade for a half session and Japan is closed for National Foundation Day. Right now in Sydney. The equity market little changed the ASX. 200 is weaker, but the decline here is less than 1/10 of 1%. I'm looking at a M P shares. This is Australia's oldest wealth manager. Creating weaker by more than 9%. Now this is after areas management walked away from my PO pro a proposed takeover of a MP, and this is the latest setback for a MP shareholders. They have kind of been long suffering. Still reeling from years of scandal. By the way, this deal was valued it around a 4.9 billion in New Zealand ends the next 50 right now weaker by about a half of 1%. I'm looking at futures for the Hang sang Trading off about 3/10 of 1%. As I mentioned Hong Kong will trade half day today and we'll get up and running. At the bottom of the hour. Right now we're looking at a little bit of dollar strength, not by much. The end steady at one of 4 60, the offshore Chinese currency, little weaker here at 6 43 22 against the dollar. Crude oil after rising in the New York session is retreating ever so slightly 58 30 on W T I N E Elektronik session and we have a 10 year Treasury, with the yield last quoted in New York and yield of 1.12%. Let's get an update on global news next Denise Pellegrini is in the Bloomberg newsroom. Denise. Well, thank you. Doug. Sources say that President Biden and China's leaders Shi Jin ping are either having or have just had their first conversation since Joe Biden became president. Button elected to talk to many allies in the region before reaching out to Beijing. Democratic impeachment managers have unveiled new violent video of January 6 events at the Capitol that says they tried to link former President Trump to the insurrection. Germany is extending some pandemic restrictions until March. It may ease them then, though, in the U. S. Stadiums and arenas will be allowed to open again here in New York later this month. Hong Kong plans to ease some restaurant restrictions after the Chinese New Year and porn biz KING Larry Flynt has died. He was 78 Flint built his hustler striptease bars into a multi billion dollar porn empire. Has laws against porn East in the 19 eighties, But then he faced increasing competition himself from Internet porn. Global news 24 hours a day on Erin on quick take by Bloomberg, powered by more than 2700. Journalists, and analysts had more than 120 countries. I'm dizzy spell a greedy This is bloomer, Juliette. Like so much today. So let's get back to Kristina Hooper, chief Global markets strategist at Invesco who joins us from Greenwich, and I wanted to get more of your thoughts on you were saying the dollar will move lower but what that means for e EMS? I know it here that you think Chinese equities are going to be an outperformer, which is kind of a common theme. But where else are you looking in AM assets, particularly as we see. I guess an uneven handle here on the vaccine and the virus itself. Sure so I would expect that We're going to see a lot of differentiation in terms of GM performance and I would favor Asian equities, not just China, although I'm very excited about China, but I'm also very positive on Korea. Um, Vietnam. Um, there are actually a number of countries but I think has done a very good job. Managing Coben 19 are already and embarking on a recovery. But for even those that that haven't think they're likely to benefit from a strong global recovery, So that's an exciting area. What I worry more about our E M countries that are unlikely to have access to, uh, broad vaccinations until much later. I mean, we're hearing estimates that it might not happen till 2023 for some countries, which would really be Leia recovery. And a number of these countries there once that hasn't done well, managing covert 19, so I think we need to be very, very discerning when we look at the M space, but there's an awful lot of opportunity and certainly dollar weakness will help all of them. We wonder whether not China with the strengthen its economy and finally seeing Peopie, I perk up a little bit with it. Not that means that we talked a little bit about inflation earlier, but Just to push this point that perhaps perhaps China will go back to what it used to do for a time, which was to affect Western markets. And in this case, maybe export a little inflation. Your thoughts. I just don't see it because I don't see that. Being as a key driver of inflation mean what we're looking at, Especially if we're looking at the United States, for example, is a very significant amount of labor market slack, and typically, it's unit labor costs that are the key driver for inflation. We also have some other trends in place long term trends. Like demographics that are going to play a role and served tea to tamp down a rise in inflation. I also think 11 thing that one factor that we haven't really thought about a lot is the potential for an increase in capital spending. Now we expected more cap expending, or many expected more Catholic spending as a result of the 2017 Tax reform Act and in the United States, But it didn't really come and that was largely attributed to U S China trade policy, creating so much volatility that that it resulted in economic policy uncertainty. I think that goes away and I think we see a nice nice pickup in CAF extending largely focused on technology which improves productivity which can be AH, force that tamps down inflation. What about the structural changes that may never come back after the pandemic? As we start to hear Cos say this in some of their earnings we heard Uber, for example, saying business travel could take years to recover. Well, That is certainly certainly a concern. I think there are some trends that are going to take years to resume and and business travel could be one of those. Certainly, certainly that is a very you know very possible going forward. That's an area. I suppose that hasn't really re pounded yet. Airlines travel companies in such we talked a little bit about some some good targeting here in the next year, in the any thoughts or in any targets there. Know enough, not specifically. But you know what I would say in general is that we would have to expect the unexpected in the coming year. We just don't know exactly how this recovery is going to shape up exactly. But we do know that once we have Broad distribution of the vaccines. We're likely to see a strong recovery. But again, I would focus on consumer discretionary is the area where where we see that Christina. Thank you, as always feel inside. Kristina Hooper, chief global market strategist at Invesco on the line from Greenwich. Cancino shares rising 8% in pre market in Hong Kong After Mexico approved their vaccine, they already hit a record yesterday. This is Bloomberg. Those parties invites you to try the new fiery famous star sizzling char broiled burger bliss dripping with creamy, zesty, fiery sauce. Join us for the new, fiery famous star on Lee at Hardee's Feed Your happy available for a limited time to participate in Artie's Restaurant..
Bloomberg Radio New York
"kristina hooper" Discussed on Bloomberg Radio New York
"Tears to your eyes that was overwhelmingly distressing on an emotional and former president Trump also facing a possible investigation. On another front, the DEA in Georgia has opened a criminal investigation into attempts to influence 2020 election results. Trump's phone, called a state officials could be a part of that investigation. New Jersey Governor Phil Murphy in quarantine after covered 19 exposure, CDC Director Rochelle Walensky recommending you wear a cloth mask over the medical one. To slow the spread of covert 19 mask should have two or more layers completely. Cover your nose and mouth and fit snugly against Germans and the sides of your face. Meantime, New York planning to reopen large venues and stadiums in two weeks Jeep, putting the brakes on a Bruce Springsteen commercial. Afterward, he's facing a drunk driving charge in New Jersey. Important, this king Larry Flynt has died. He was 78. He died of heart failure. He parlayed his hustler striptease bars into a multi million dollar porn empire. Globally is 24 hours a day on errand on quick take by Bloomberg powered by more than 2700, journalists and analysts in more than 120 countries. I'm to dispel a Grady This is Bloomberg. Bryant. Denise. Thank you very much. Let's get to our guest. Kristina Hooper, chief global market strategist at Invesco. Kristina. Investors are nervous, You know, with stocks at these kinds of levels of Nervous, not only about valuations, but they're nervous about the debt, build up the nervous about the possibility of inflation and about perhaps the Fed, changing course and And bring everything crashing down. So it's very interesting to listen to Jerome Powell today. I thought he turned back most of the of the questions about all these concerns pretty well. I don't know where you want to start, but it seems like what he said about inflation was probably Pretty pretty aligned with what you're thinking. Absolutely. And I think we've heard from Jay Powell again and again on this topic when what he is really signaling is that the Fed is going to be extremely extremely patient and that even if it does see signs of inflation, it will treat them as largely transitory s O. So I think that the key message here is that you're not going to see the Fed move any time soon. If we do see A spike in inflation. What is going to be disturbing to markets is not going to be disturbing to the fact So with that in mind how much left of room left? Is there in that reflation trade? I think there's definitely some very significant room in the reflation trade on DWIs. Good reason. I don't think the Fed is going to be holding us back any time soon. So we do see the central banks have have leveled off in terms of the of the monetary support that they're providing. You know, the sort of curve as kind of rolled over a little bit, But that may be fine if you get If you get the economy recovering and providing all that stimulus that comes from much higher global growth is do you see that happening? Absolutely now it will occur in in different economies at different times. We're already seeing a stronger economic recovery in China. Some of the Asian countries because they've been able to manage covert 19 better off course, we won't see a truly row best economic recovery until we get that broad distribution of vaccines, which again will be a timing issue, some economies will get that before others. But I do see it a strong recovery in the future. How do you see the dollar move then from here? Do you see it? Making this comeback? Or does this slide that we've been seeing of late? Continue. I think we will see the dollar moved very modestly Lower. Um, nothing dramatic, but in general trending lower, uh, slightly Let's convert some of this thinking some of your positivity on where you find value because there's a lot of sectors here in the market that have had a very, very substantial bounce. Where do you see areas that can see some gains going forward. I think there's a lot of opportunity and consumer discretionary. That's me is perhaps the most exciting play on this economic recovery because, unlike the recovery following the global financial crisis, which was largely a jobless recovery, this is very likely to be a job full recovery. That, combined with more fiscal stimulus means that there will be more money in consumer's pockets, especially given that household savings levels are higher for for many Americans, so that sunny spells more discretionary spending that there's a lot of pent up demand that that could benefit. The consumer discretionary space. All right. Cristina will continue in a moment. We just want to update our listeners on markets. Latest market action, I'll be it limited today here in Asia. Kristina Hooper is chief.
Bloomberg Radio New York
"kristina hooper" Discussed on Bloomberg Radio New York
"S dollar policy. We know Friday not included in this that the dollar has been week. We had a pop in the greenback in the Friday session, but if the dollar remains in a weak position against the majors, I mean, does that fortify Your position with GM or or is it really not a factor? No, It certainly does fortified that that view and I believe that's what we're going to see. I think we're going to continue to see a weak U. S dollar this year not dramatically weaker from here, but certainly weaker modestly. What about when we look at the 10 year bond yield, as well because there's been a little bit of move in terms of taking out some of these resistance levels this year, and that's really being on the expected stimulus from the bottom administration. Where do you see yields go over 2021? I think you'll move higher but on Lee modestly, so I don't think we're going to see some kind of dramatic increase in yield this year on that's in keeping with my expectation that I don't think we see much in the way of inflation. Certainly it could rise from here. But again, I don't think we're gonna see the big spikes that many worry about. Well, here in the states earning season is underway. We heard from a few of the big banks last Friday. You've got Goldman Sachs and Bank of America tomorrow. That's Tuesday. US. Guidance is going to be a very important issue, not just for the banks, but for many companies overall. What do you expecting to hear about the future? I expect guidance to be relatively positive. I think that most companies of course this is this is dependent upon specific industries. But in a in a gross generalization, most companies are are looking ahead and expecting improvement over the course of 2021. We have a lot of visibility on this here because of vaccines being broadly distributed. This is very, very different than the global financial crisis. And I think that that is certainly factoring in tow. Positive sentiment right now. So you're saying positivity in emerging markets in Asia? And, of course, this rebound that we're looking on driven by vaccines? What about when it comes to the eurozone? There's still quite a few concerns about this area. You're looking at any markets that could under perform or out, perform here. Well, I would expect eurozone markets to perform well, Ah, evaluations are attractive there and and I think once we see that broad distribution of vaccine They will certainly participate in a strong economic recovery less positive on the UK just because there are a lot of issues that have come along with Brexit the soft Brexit that they that they just embarked on and and that could be that could create some significant headwinds early on and in 2021 set. The U. K behind other countries that have participating in the recovery very quickly. Kristina any chance that tax policy could be a disruptive for the American markets? Well, I do think we could see some down days for stocks on concerns of an increase in taxes. But, of course, that's likely to be outweighed by excitement about vaccine distribution and the potential for strong recovery so it could create some headwinds. But I don't think they would last very long. Christina. Thank you, As always, for your insights and happy New Year for could still say that 19 days in Kristina Hooper, Chief Global Market strategist and invest Go on the line for us from Greenwich, Connecticut. Here on Bloomberg. Daybreak Asia We are seeing the Nikkei 2 to 5 power head up by 1% the cost me now in positive territory in Australia's air. 6 200 up 1%. This is Bloomberg..
Bloomberg Radio New York
"kristina hooper" Discussed on Bloomberg Radio New York
"17 minutes. Policy. Always check the markets every 15 minutes here on Bloomberg. Daybreak Asia and we are seeing US futures rise by around a third of 1% following the Martin Luther King Jr holiday. We're seeing Asian stocks also mostly higher in early trade. After two sessions of losses, today's games really being powered by Australia and Japan, the 6 200 is up by 1% in the early session as his dedicate 2 to 5. Now a 28,530 points a bit of weakness in New Zealand. South Korea's Kospi is up by half of 1% retracing some off yesterday's losses. But Samsung shares still under pressure down another 1% today, falling for a third session. We heard that Air J. Wylie was jailed for 2.5 years for bribery, but some sanctions had also been under pressure. During the Monday session on a Reuters report. The Trump Administration has revoked licenses of some quality suppliers and also local news that the company is having difficulty producing smartphones due to a shortage of application process is when we look at currency markets city is broadly stronger against the dollar in the early sessions, a Australian dollar but about 2/10 of 1% 76.95. The Kiwi is holding at 71.2 within gold, a little weaker at 1837. U. S dollars. Announcing WT I crude is holding at $52.33 a barrel also awaiting a little bit of data out off Hong Kong today. The unemployment rate for December seasonally adjusted expected to come in at 6.4% Let's head over to San Francisco now for Global news with Baxter head All right. Thank you. Juliette. Hong Kong reports 107 new cases most since December 19 you sets a target of vaccinating 70% of the blocks population by the summer. UK will set up its mass vaccination program this week and is shutting its borders to anyone who hasn't tested negative says aims to start easing lockdowns By early March Singapore plans to vaccinate over 10,000 maritime workers by the end of the month. Ireland reports its fewest new cases since January. 1st U. S defense secretary says there is no indication of any internal threats to the Biden Harris inauguration. The White House, meanwhile, says no papers have been drawn for Donald Trump to pardon himself and China says it's already decided to sanction some U. S. Officials over involvement in Taiwan issue says Even with the changing administrations, it has not Named those officials in San Francisco. I'm Ed Baxter back to you, Jules. All right. Thanks so much, Ed. Let's get back to a guest now. Kristina Hooper, chief global market strategist at Invesco on the line from Greenwich, Connecticut. And Doug was talking about how we're watching that China GDP a daughter he yesterday which really propelled the China and Hong Kong markets, versus a downbeat day in the region and continue to show this story of the first in first out recovery story. Where are you looking for opportunity outside off the U. S. Well, it's definitely Asia emerging markets. I mean, that is a really exciting place. Not on Lee are valuations attractive relative to some developed markets like the US, But this is a region that, for the most part, has been able to manage the virus very, very well. Think of it this way. China, South Korea, Singapore So many countries in Asia I am really have a head start and have already begun. Torto sip eight in a more robust economic recovery because of their management of the virus, And of course, that will only continue as we get that broad distribution of vaccine tomorrow we're going to hear from a Fed chair or former Fed chair Janet Yellen, who is going to be Facing her confirmation hearing in the Senate in one of the topics she's likely to have to deal with his U..
Bloomberg Radio New York
"kristina hooper" Discussed on Bloomberg Radio New York
"Markets with Bonnie Quinn and Paul Sweetie on Bloomberg Radio. Continuing to keep an eye on the markets were gonna be speaking with new singer I P o reporter in just a few minutes and banker to the world Build roads will join on everything that's happening in Washington, D. C on day. Increasing coals for bill to invest outside of the United States is emerging markets begin to look attractive. Also the economy with Kristina Hooper of Invesco First a Bloomberg business flush with John Tucker, and the major indexes have been fluctuating between gains and losses in the S A. P. 500 Yep, seven of the 11 the industry groups that are high right now, a bit of a cyber relief on the part of investors after two Federal Reserve officials Pushed back on the possibility of tapering their bond purchases anytime soon, and that seems to have put a cap on bond yields. The idea of an equity bubble won't go away, but Tony Dwyer over a can accord, Genuity says. I am not to worry. There's this great fear in the marketplace that were similar to where we were in 2000 valuations or high equity offerings are historically high. On Dafoe Tech and mega cap stocks are leading the charge and people said she isn't it just like the bubble and it couldn't be further from the truth Right now. Oil fluctuating after almost reaching $54 a barrel combination have been in this to your poor, pointing to another decrease in stockpiles. Saudi Arabians output cuts And a weaker dollar all driving up a run up in energy prices. Right now we have West Texas intermediate crude some 14 cents of 53 35 barrel. As for the major indices down, Joseph Duster Leverage is 21 points higher. That is at 31,093 S and P 510 points higher. That's a quarter of a percent at 38 11. And as that composite index 18 points higher, That's up 6/10 of a percent at 13,150 to the 10 year yield. Right now, the benchmark it 1.1% We check the markets for you every 15 minutes during the trading our right here on Bloomberg Radio. I'm John Tucker. Dani is your Bloomberg business, Flash money and Paul John Tucker. Thank you so much..
Bloomberg Radio New York - Recording Feed
"kristina hooper" Discussed on Bloomberg Radio New York - Recording Feed
"Four hours a day at bloomberg dot com on the bloomberg business app and bloomberg quick tape. This is bloomberg radio bloomberg markets we by glenn and paul paul's we'll technology us out of this crisis. We don't know how many companies can accept people back on their roster. Bed seems to really flexed. Its muscles in virus breaking market news and insight from bloomberg experts to bring out that by the different paletti that takes trying but we're looking at a more damaging great does reshape the yield curve matter. We're looking at twenty twenty one early. Twenty twenty two were really feel for the forty four degrees bloomberg markets with vonnie quinn polls on bloomberg radio continuing to keep an eye on the markets. We're going to be speaking withdrew singer. Ipo reporter in just a few minutes and to the world bill roads join on everything. That's happening in washington. Dc and increasing. Kohl's reveal to invest outside of the united states as emerging markets. Begin to look attractive. Also the economy with kristina hooper of invesco. I a bloomberg business flash with john tucker injury indexes have been fluctuating between gains and losses of five hundred. Yep seven of the eleven industry groups that are high right now. A bit of a cyber relief. On the part of investors aptitude federal reserve officials pushed back on the possibility of tapering bond purchases. Anytime soon as seems to have put a cap on bond yields the idea of an equity bubble won't go away. But tony dwyer canaccord genuity says not to worry. There's this great fear in the marketplace that were similar to where we were in two thousand evaluations or high equity offerings..
Bloomberg Radio New York
"kristina hooper" Discussed on Bloomberg Radio New York
"Furious over the last 48 hours. The capital assault on Wednesday, including from prominent members of the Trump administration, resigning is resolved and that included two members of his Cabinet. One of those who resigned was Mick Mulvaney. He's the former head of the Office of Management and Budget and former acting chief of staff to President Trump. He resigned his position as special envoy is in Northern Ireland We had of wide ranging conversation is today and I started out by asking him what really triggers residential right now. What was it steak? What was different yesterday was that people actually took it to heart in a way that manifested itself illegal activity and violently the illegal activity. That's where I think the underestimation Woz is that there really were. A lot of people in this country, You know, maybe not a lot. But that's certainly enough yesterday to break the law to try and frustrate our constitutional processes. That's shocking to me because the president walked into my office. Nice chief of staff and say, Hey, I'd like to do something illegal. We looked at him like he's nuts. We auto acquitted. He was serious about it, but that's we didn't really expect ordinary rank and file citizens to go. Yeah, it's a great idea for us. To go break into the capital with guns in some circumstances and tear the place up. That's not that's that's the disconnect. That's that's what's so wrong about yesterday and again. That's why I think you see the resignation today. Well, as you say, Mick, and I certainly agree with you. There's ah history, even a rich history in this country of demonstration, and it's in the First Amendment. After all. A petition for a redress of grievances into gather. There's no question about it. But in this instance we had the president States, saying that the process was illegitimate. Not just he disagreed with you. It was illegitimate. Doesn't that to some extent free people up to say? Well, listen, if they're not legitimately in authority. If they're not doing some legitimate then then all bets are off. Doesn't that actually change the discussion? I don't think it frees you up to do illegal activity you have you have the right to be angry, but not the right to be violent. Doesn't excuse the president. Don't get me wrong. I'm not trying to do that at all. But you don't get to say all the president told me Z legitimate. Therefore I'm right to go do this. No, You don't on dure. Not right to do that, And I who do hope all those folks of prosecutors. This was an act of sedition. I think I have been a long time. So I practice law, but I'm pretty sure that fits the definition of sedition on day should be held accountable. Look at Republicans. Have been been very vocal over the course of the last, you know, 68 months, 12 months about how much we despise the violence, The Black lives matter Movement, and yet yesterday we go out some of us And do the things they're probably even worse, you know. Setting fire to Minneapolis is one thing breaking into the capital is another, especially given the day and the importance of the day in the constitutional import. Of the day. So, like I said that it's the president's is not not faultless. There's no question, but just because the president tells you something doesn't make it right. That was part of my interview yesterday with former acting Trump Chief of staff Mick Mulvaney and programming. No Wall Street Week will air tonight at 6 P.m.. We will include former Treasury Secretary Larry Summers and Kristina Hooper of investigators. We try to wrap up our rather tumultuous and dramatic week, but nevertheless, the market's got past. Coming up. Balance of power continues on Bloomberg.
Bloomberg Radio New York
"kristina hooper" Discussed on Bloomberg Radio New York
"I am going to be counting on that and working to that in that spirit. Do you have any concerns about the moves that are afoot to try to get President Trump out of office before the inauguration? You've got in favor of that We heard from Nancy Pelosi, the speaker of the House We've heard from others, Chuck Schumer, whether it's the 25th amendment or impeachment. Is that a way to really put this behind us and go forward together? Well, I think that the question is, How do we demonstrate to ourselves to our country to the world that there are consequences in America when you challenge and you threaten the very foundations of our democracy, and that's what happened. On Wednesday, the president of the United States incited a mob to attack the legislative branch, and that's what they did. And if there are no consequences for that. Direct attack on our democracy, an attack on our public safety. I believe also on our national security if there are no consequences for that, how do you move forward? That is the spirit that drives me. It is not a question of sort of punishing Republican or Democrats and Republicans. It's about showing ourselves that you cannot with impunity. Attack the foundation of our democracy and just have nothing happened. Yeah, terribly important that there will be consequences. I suspect no matter what happens as a practical matter. Thank you. So very much. Always great to have you with us that center Tina Smith. She's Democrat from Minnesota and a program you know, now Wall Street Week airs tonight at 6 P.m.. We will have former Treasury Secretary Larry Summers and Kristina Hooper of Invesco among.