30 Burst results for "Nathan Karen"
Bloomberg Radio New York - Recording Feed
Monitor Show 05:00 11-14-2023 05:00
"Investment Advisors switch to interactive brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at IBKR dot com slash RIA. This is Bloomberg Radio. From the Bloomberg Interactive Brokers studios, this is Bloomberg Daybreak for Tuesday, November 14th. And Israel ramps up its ground war against Hamas. That's as Israel supporters come out in force with a march in Washington. A critical 24 hours as Congress tries to avert a government shutdown. And Joe Biden and Xi Jinping are set to announce a deal to crack down on fentanyl. Donald Trump Jr.'s testimony on the witness stand and his family civil fraud case. Plus, the Supreme Court put in place its first formal code of ethics. I'm Michael Barr. More ahead. I'm John Stash, Aaron Swartz. The Knicks lost in Boston, the Islanders lost in Edmonton Monday Night Football. The Broncos upset the bill. That's all straight ahead on Bloomberg Daybreak on Bloomberg 1130 New York, Bloomberg 99 1 Washington, D .C., Bloomberg 106 1 Boston, Bloomberg 960 San Francisco, Sirius XM 121 and around the world on Bloomberg Radio dot com and via the Bloomberg Business Act. Good morning. I'm Nathan Hager and I'm Karen Moscow and U .S. stock index futures are higher this morning. S &P futures up two tenths of a percent, about nine points. Dow futures up a tenth of a percent or 40 points. NASDAQ futures up three tenths of a percent or 44 points. Ten year Treasury yield four point six one percent. Nathan, Karen, let's get you caught up on what's happening in the Middle East. The focus is turning to hospitals in Gaza, where Israel accuses Hamas of housing command centers and weapons. President Biden says the Al -Shifa hospital.
Bloomberg Daybreak
Fresh update on "nathan karen" discussed on Bloomberg Daybreak
"San Francisco, Sirius XM 121 and around the world on Bloombergradio .com and via the Bloomberg Business Act. Good morning, I'm Nathan Hager. And I'm Karen Moskow Now in U .S. stock index futures, our little change this morning. Down futures are up a tenth of a percent, while stock futures are down a tenth of a percent and the 10 -year Treasury yield 4 .32 percent. Nathan. Karen, we begin with major developments in the Middle East. Israel has resumed airstrikes in Gaza just minutes after a week -long truce expired. We get the latest from Bloomberg's entity squazing in Tel Aviv. Truth wasn't extended at 7 a .m. local time. some There rocket were warnings missiles being fired into Israel just before that ended and Israel
Bloomberg Radio New York - Recording Feed
Monitor Show 05:00 11-13-2023 05:00
"Financial advisors, are you looking to add or switch custodians? Are you going independent? Interactive Brokers provides lowest cost trading and turnkey custody solutions for all size firms. Trade globally from a single integrated master account with no ticket charges, no custody fees, no minimums, and no tech platform or reporting fees. Plus, IBKR has no advisory team or prop trading group to compete with you for your clients. Switch to the custody solutions that work for you at IBKR .com slash RIA. In sports, the Jets lost in Las Vegas, the Giants blown out in Dallas, home wins with the Knicks, Nets, and Rangers. Good morning, I'm Nathan Hager. And I'm Karen Moskow, and S &P futures are lower this morning, down a quarter percent or 10 points, down futures that'll change, NASDAQ futures down three tenths of a percent or 48 points, and the 10 -year Treasury yields 4 .62 percent. Nathan. Karen, we'll have more on the markets in a moment, but let's get the latest developments on the war in the Middle East. The U .S. has conducted airstrikes in eastern Syria on targets linked to Iran. Those strikes come as talks intensify.
Bloomberg Daybreak
Fresh update on "nathan karen" discussed on Bloomberg Daybreak
"We The That's officially Cowboys know beat all It what's the straight Seahawks, ahead looks in Manhattan's like the on Knicks Judgment congestion won, Bloomberg Day the Nets pricing on Daybreak lost, whether plan. Long on Island the Devils Bloomberg and I'm Congressman Islanders Michael Varn. Santos Washington, 1130 both More won ahead. will in overtime. be New expelled. York, I'm D John Stashow Plus, Bloomberg on sports. .C. we Bloomberg 106 1 Boston Bloomberg 960 San Cisco Sirius XM 121 and around the world on Bloombergradio .com and via the Bloomberg Business app. Good morning, I'm Nathan Hager. And I'm Karen Moscow and U .S. stock index futures are higher this morning. S &P futures up a a tenth of percent, about five points. Dow futures up two tenths of a percent or 65 points. NASDAQ futures are little changed and the yield on the 10 -year Treasury 4 .31 percent. Nathan? Karen, we begin this morning with major developments in the Middle East. Israel has resumed airstrikes in Gaza minutes after the expiration of a week -long truce with Hamas. We get the latest from Bloomberg's Anthony Squazian in Tel Aviv. Truth extended at 7 a .m. local time. There were some rocket warnings missiles being fired into Israel just before that ended and Israel responded immediately and it looks like we're back to fully fledged conflict right now reports with of airstrikes in Gaza, many different parts of Gaza and it does seem that the relative calm of the last seven days is well and truly over. Bloomberg's Anthony Squazian in Tel Aviv says Prime Minister Benjamin Netanyahu and other Israeli politicians had consistently said the war would resume at some stage and the truce would not become permanent. Well Nathan, Secretary of State Antony Blinken was in Tel Aviv when the fighting started yesterday. He said that Israel must defend itself within the confines of international law. The way Israel defends itself matters. It's imperative that Israel act in accordance with international humanitarian law and the laws of war, even when confronting a terrorist group that respects neither. And Secretary Antony Blinken was speaking before the latest escalation. Hamas and other Islamist groups are still thought to be holding around 130 people captive in Gaza. Turning back to politics in the U .S., Karen, there's been a debate between a Republican who's running for President and a Democrat who says not. he's Florida Governor Ron DeSantis squared off last night with California Governor Gavin Newsom. This is a slick, slippery politician whose state is failing. People are leaving his state. Governor DeSantis went after Newsom and California over immigration, high taxes and crime. Governor Newsom touted the statehouse's message of Bidenomics. Three point nine percent unemployment, the lowest black unemployment in American history, the lowest unemployment for Hispanics in American history, the lowest unemployment for women in 70 years, the lowest black poverty rates in history. And the Fox News debate comes as DeSantis struggles to gain ground on Republican front runner Donald Trump in 2024. It also allowed Newsom to air his presidential ambitions for twenty twenty eight. Well, Nathan, let's turn to the markets now. Stocks begin December after notching one of the biggest November rallies on record. Let me get more from Bloomberg's Shirley Pellet. After the month's three trillion dollar surge, the S &P 500 is now just five percent away from its all time high. The gauge climbed over eight percent in November, a feat achieved fewer than 10 times for that month since 1928, according to data compiled by Bloomberg. It was also the gauge's best since July of twenty twenty two in New York. Charlie Pellet, Bloomberg Radio. And Charlie was also a profitable month for bond investors. In fact, treasuries had their best month since the 1980s. We get more on that from Bloomberg's John Tucker. And Nathan, the boon to bonds comes from signs the economy and inflation are slowing and the Fed is done hiking interest rates. Traders are even betting on the first Fed rate cut in May. Bloomberg economics sees the Fed cutting rates one hundred twenty five basis points next year. Bloomberg The U .S. aggregate index returned four and a half percent in November. That price up and yield down spurred has an everything rally from stocks to crypto currencies. Does it continue? Listen closely today as Fed chair Jerome Powell speaks at Spelman College in Atlanta. And if he sounds even a little hawkish, November's rally may turn into the winter of our discontent. I'm John Tucker Bloomberg Radio. All right, John, John. thank you. Well, the Federal Reserve's top bank watchdog wants lenders to be more comfortable turning to the central bank's discount window. Michael Barr, the Fed's vice chair for supervision, touted the backstop an as important tool for financial stability and monetary policy. The discount window provides ready access to funding that can help banks manage their liquidity risks. The ability to access funding at predictable a rate through the discount window should figure importantly into banks' liquidity risk management plans under a range of scenarios. And the Fed's Michael Barr added that it was important that lenders have range a of options for accessing liquidity. Check some corporate news now, Karen. After two years of lays and production snags, Tesla has finally handed the first Cybertrucks over to customers, Tesla CEO Elon Musk says it has an extra safety feature. Why did you make it bulletproof? I'm like, Why not? How tough is your truck? Bulletproof, says. he Elon Musk says the cheapest version of Cybertruck will cost just under $61 ,000. That's more than percent 50 over the price Musk floated when he announced the vehicle in 2019. Well, Nathan, Disney has restored its dividend. The entertainment giant declared a dividend of 30 cents a share for the second half of its fiscal year. Disney had pledged to restore the payout, which was halted during the pandemic. Disney has been under pressure to improve its performance and restore its dividend by activist investor Nelson Peltz, who is seeking board seats at the company. Well, speaking of under pressure, Karen, take a look at Dell shares. They are down nearly 6 percent in early trading. The company reported revenue that declined more than expected, and it continues to see sluggish corporate demand for personal computers. Well, S &P futures are higher this morning, up a tenth of a percent, up four points down futures, up two tenths of a percent sixty or one points in ASDAG futures. They're little change. The DAX in Germany is up seven tenths of a percent. Ten year treasury at four thirty seconds, you know, four point three one percent in the yield on the two year is at four point six six percent. Straight ahead, we have more global headlines, plus a check of sports. And this is Bloomberg. And with those global headlines and a look at what's happening in New York as well, we welcome Bloomberg's Michael Barr. Good morning, Michael. morning, Good Nathan. Representative George Santos will confront a third effort to expel him from the House today. The first term Long Island Republican could well become just the sixth member of the House to be ousted by colleagues. In modern times, Congress has never expelled a member who wasn't convicted of a crime. Sensing the vote could likely be his last. Santos speaking on the House floor is not going away quietly. Every member expelled in history of this institution has been convicted of crimes or turncoats Confederate guilty of treason. Neither of those applied to me, but here we are. Fellow New York Republican Nicholas Lalotta, also speaking on
Bloomberg Radio New York - Recording Feed
Monitor Show 05:00 11-09-2023 05:00
"Interactive Brokers clients earn up to 4 .83 % on their uninvested, instantly available U .S .D. cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. And the Bloomberg Business Act. This is Bloomberg Radio. From the Bloomberg Interactive Brokers Studios, this is Bloomberg Daybreak for Thursday, November 9th. Coming up today. The U .S. carries out an airstrike in eastern Syria. We hear from Hillary Clinton about the Middle East conflict. Foreign policy takes center stage in the latest Republican presidential debate. Hollywood actors reach a deal with the studios to end their strike. And Disney shares rally following its earnings report. New York Mayor Adams addresses crime and the controversy over his campaign fundraiser. Plus, the Census Bureau says the U .S. population will likely shrink by 2100. I'm Michael Barr. More ahead. I'm John Stashow and sports. The Knicks beat the Spurs. The Nets beat the Clippers. And the Giants are turning to a rookie quarterback. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington, D .C. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 121. And around the world on BloombergRadio .com and via the Bloomberg Business Act. Good morning. I'm Nathan Hager. And I'm Karen Moscow. Futures are little changed this morning and the yield on the 10 -year treasury 4 .53 percent. Nathan. Karen, we begin with the latest developments in the war in the Middle East. The Pentagon says the U .S. has carried out an airstrike on a weapons warehouse in eastern Syria. Defense Secretary Lloyd Austin says the self -defense strike was in retaliation for attacks on American forces in Iraq and Syria. Meanwhile, Israel says some 50 ,000 men have been killed.
Bloomberg Radio New York - Recording Feed
Fresh update on "nathan karen" discussed on Bloomberg Radio New York - Recording Feed
"Interactive Brokers clients earn up to 4.83% on their uninvested, instantly available USD cash balances. Rates subject to change. Visit ibkr.com slash interest rates to learn more.This is Bloomberg Radio. From the Bloomberg Interactive Brokers Studios, this is Bloomberg Daybreak for Friday, December 1st. We are in Tel Aviv with the latest. Stocks begin a new month after posting their best November in decades. Investors wait to see if Fed Chair Jay Powell offers more clues on interest rates. And after years of delays, Tesla finally hands the first Cybertrucks to customers. Looks like Judgment Day on whether Long Island Congressman Santos will be expelled. Plus, we officially know what's in Manhattan's congestion pricing plan. I'm Michael Barr. More ahead. I'm John Stasch here on sports. The Cowboys beat the Seahawks. The Knicks won. The Nets lost. The Devils and Islanders both won in overtime. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York. Bloomberg 99.1 Washington, D.C. Bloomberg 106.1 Boston. Bloomberg 960 San Francisco. Sirius XM 121. And around the world on BloombergRadio.com and via the Bloomberg Business App. Good morning. I'm Nathan Hager. And I'm Karen Moscow. And U.S. stock index futures are higher this morning. S &P futures up a tenth of a percent, about 5 points. Dow futures up two-tenths of a percent, or 65 points. NASDAQ futures are little changed. And the yield on the 10-year treasury, 4.31 percent. Nathan. Karen, we begin this morning with major developments in the Middle East. Israel has resumed airstrikes in Gaza minutes after the expiration of a week-long truce with Hamas. We get the latest from Bloomberg's...
Bloomberg Radio New York - Recording Feed
Monitor Show 05:00 11-08-2023 05:00
"Interactive Brokers clients earn up to 4 .83 % on their uninvested, instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. And the Bloomberg Business Act. This is Bloomberg Radio. From the Bloomberg Interactive Brokers studios, this is Bloomberg Daybreak for Wednesday, November 8th. Ohio becomes the latest state to put abortion rights in its constitution. And Democrats deny Glenn Youngkin a conservative majority in Virginia. More election results just ahead. Republicans hold their third presidential debate tonight, minus Donald Trump. And Israel says its troops have entered the heart of Gaza's main city. A look at local election results in the tri -state area and history was made in Rhode Island and Philadelphia. I'm Michael Barr. More ahead. I'm John Stashauer in sports. The Rangers continue their red -hot start. Losses for the Devils and Islanders. A season -opening win for St. John. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington, D .C. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 121. And around the world on BloombergRadio .com and via the Bloomberg Business Act. Good morning. I'm Nathan Hager. And I'm Karen Moskow. And U .S. stock index futures are little changed this morning. S &P futures and Dow futures both little changed. NASDAQ futures down a tenth of a percent or about 17 points. And the 10 -year Treasury yields 4 .57 percent. Nathan. Karen, we will have more on the markets in a moment. But we begin with last night's election results and a major victory for abortion rights in Ohio. Voters approved Issue 1, which enshrines the right to abortion.
Bloomberg Radio New York - Recording Feed
Monitor Show 05:00 11-07-2023 05:00
"Interactive Brokers clients earn up to 4 .83 % on their uninvested, instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. From the Bloomberg Interactive Brokers studios, this is Bloomberg Daybreak for Tuesday, November 7th. Coming up today, Israel's war with Hamas reaches the one -month mark with little sign of slowdown in the fighting. Fireworks on the stand as Donald Trump spars with a New York judge in his civil fraud trial. UBS rallies after the Swiss bank's earnings report. And former Wall Street darling WeWork files for bankruptcy. A look at the election races in the tri -state area as voters head to the polls across the nation today. Plus, the Hollywood actor's strike continues. I'm Michael Barr. More ahead. I'm John Stasch, Aaron Swartz. Losses for the Jets and Nets. A win for the Knicks and the Mets have their new manager. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington, D .C. Bloomberg 106 .1 Boston. Bloomberg San 960 Francisco. Sirius XM 119. And around the world on BloombergRadio .com and via the Bloomberg Business App. Good morning, I'm Nathan Hager. And I'm Karen Moskow. And U .S. stock index futures are lower. S &P futures down three tenths of a percent or 13 points. Down futures down three tenths of a percent or 98 points. NASDAQ futures down three tenths of a percent or 41 points. Ten -year Treasury yelled 4 .61 percent. Nathan? Karen, we begin with the war in the Middle East. Today marks one month since the Hamas attack in southern Israel that set off the conflict. Now the Hamas -run health ministry in Gaza is setting off.
Bloomberg Radio New York - Recording Feed
Monitor Show 05:00 11-06-2023 05:00
"Investment Advisors. Switch to Interactive Brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. From the Bloomberg Interactive Brokers Studios, this is Bloomberg Daybreak for Monday, November 6th. Coming up today. Israeli troops encircle Gaza City and say they've seized the Hamas base. We bring you the latest from Israel. Diplomatic efforts continue as Secretary of State Antony Blinken visits Turkey and Baghdad. Donald Trump takes the stand today at his civil trial in New York. And Warren Buffett hoards cash in Berkshire Hathaway's latest quarterly report. President Biden announces money for the long -awaited Gateway Project. Plus, check your children's fruit pouches. Here's a recall. I'm Mikey Barr. More ahead. I'm John Stash, Aaron Swartz. Another rough day for the Giants. Blown out by the Raiders. Daniel Jones injured again. The Jets tonight host the Chargers. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington, D .C. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 119. And around the world on BloombergRadio .com and via the Bloomberg Business App. Good morning. I'm Nathan Hager. And I'm Karen Moskow. And U .S. stock index futures are higher. S &P futures up to tenths of a percent, about 8 points. Dow futures, little change. Nasdaq futures have a quarter percent, or 37 points. And the 10 -year Treasury yield, 4 .58 percent. Nathan? Karen, we begin with the latest on the war. Israel's military says its ground forces have now encircled Gaza City and taken control of a Hamas base. We get more from Bloomberg's Paul Wallace. They stepped up.
Bloomberg Radio New York - Recording Feed
Monitor Show 05:00 11-03-2023 05:00
"Interactive Brokers clients earn up to 4 .83 % on their uninvested, instantly available USD cash balances. Rates subject to change. Visit ibkr .com slash interest rates to learn more. This is Bloomberg Radio. From the Bloomberg Interactive Brokers Studios, this is Bloomberg Daybreak for Friday, November 3rd. Coming up today. Sam Bankman -Fried is convicted of all counts in his fraud trial team coverage, straight ahead. Secretary of State Antony Blinken arrives in Israel as the ground war intensifies. Investors take a bite out of Apple stock after earnings disappoint. And Wall Street awaits the October jobs report. The FBI raids the home of New York Mayor Adam's chief campaign fundraiser. Plus, a former governor of New Jersey wants to run for mayor of Jersey City. I'm Michael Barr. More ahead. I'm John Stasch, I run sports. The Steelers beat the Titans. Wins for the Rangers, Islanders, and Devils. The Knicks and Nets have road games tonight. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington D .C. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 119. And around the world on BloombergRadio .com and via the Bloomberg Business App. I'm Stephen Carroll on Bloomberg DAB Radio in London. We've been reporting on profits plunging at French bank Société Générale as wrong -way hedges. 10 % this morning, down about 7 points, and the yield on the 10 -year treasury 4 .66%. Nathan? Karen, we'll have much more on the markets as well as Apple's disappointing earnings, the jobs report, and the war in Israel in just a minute. But we begin with a guilty verdict for Sam Bankman -Fried. It took a jury less than 5 hours to convict the FTX co -founder of 7 counts of fraud in Canada.
Bloomberg Radio New York - Recording Feed
Monitor Show 05:00 11-02-2023 05:00
"Investment Advisors. Switch to Interactive Brokers for lowest cost global trading and turnkey custody solutions. No ticket charges and no conflicts of your interests at ibkr .com slash ria. And the Bloomberg Business Act. This is Bloomberg Radio. From the Bloomberg Interactive Brokers Studios, this is Bloomberg Daybreak for Thursday, November 2nd. More US citizens as President Biden calls for a pause in fighting with Israel. Jay Powell hints that the Fed could be done with the most aggressive tightening cycle in four decades. George Santos survives a vote to expel him from the House. And Apple gets set to report earnings today. More unrest at New York colleges as the Middle East crisis continues. Plus a firestorm on Capitol Hill as Senator Tuberville plots military confirmations. I'm Michael Barr. More ahead. I'm John Stashour in sports. The Texas Rangers World Series champions for the first time. The Knicks lost to the Cavs. The Nets won in Miami. That's all straight ahead on Bloomberg Daybreak. On Bloomberg 1130 New York. Bloomberg 99 .1 Washington D .C. Bloomberg 106 .1 Boston. Bloomberg 960 San Francisco. Sirius XM 119. And around the world on BloombergRadio .com and via the Bloomberg Business Act. Good morning. I'm Nathan Hager. And I'm Karen Moscow. And U .S. stock index futures are higher this morning. S &P futures up half percent. Dow futures up three -tenths of a percent. NASDAQ futures up six -tenths of a percent. And the 10 -year Treasury yield 4 .71 percent. Nathan. Karen, we begin with the latest developments in the Middle East. President Biden says Israel and Hamas should pause fighting to allow time to free more people from the Gaza Strip. Speaking in Minnesota, the president responded to a protester.
Bloomberg Radio New York
"nathan karen" Discussed on Bloomberg Radio New York
"Markets every 15 minutes throughout the trading day on Bloomberg Right now western P futures down 12 points now features down a 104 NASDAQ futures down 48 and the ten year treasury of 6 30 seconds yield three 1% Nathan Karen will have more on the markets in just a minute First we want to get you the latest on the future of Boris Johnson The UK prime minister has managed to cling to power Let's go live to London and get the very latest from Bloomberg's UN pots Good morning Good morning Nathan and Karen Win for Boris Johnson in a vote among lawmakers in his own Conservative Party the UK prime minister has secured the numbers to remain as leader but more than 40% of his colleagues indicated they had no confidence in his leadership That was a worse result than that suffered by his predecessor Theresa May under official party rules he can not now be challenged again for another 12 months but rules can be changed and many expect leadership questions to continue In London I'm your own part spin back day break All right you win thank you Now the latest on the war Russia has banned dozens of U.S. officials from entering the country we get details from Bloomberg's Amy Morris and our 99 one newsroom in Washington Treasury secretary Janet Yellen and BlackRock's Larry Fink are among the 61 U.S. officials and executives indefinitely banned by Russia retaliation for what it called constantly expanding sanctions against its citizens This as Ukraine is in talks with the United Nations to craft a deal between turkey and Moscow to restart shipments of grain from ports blocked by Russia Meanwhile shortly after the UK joined the U.S. in pledging to send longer range missiles to Ukraine Russia's president Putin threatened to strike new targets if those weapons are delivered In Washington I'm Amy Morris Bloomberg daybreak Amy thank you turning to U.S. politics It is a primary election Super Tuesday 7 states led by California and New Jersey are heading to the polls for the busiest day of voting before the general election in November Claremont McKenna college political scientist Jack pitney has more on a major theme playing out in California Crime and homelessness If you talk to anybody who has recently visited Los Angeles they'll be shocked at the homeless encampments all over the city It's a huge humanitarian problem and one that the city government has not been able to manage very effectively Claremont McKenna's Jack pitney says it is affecting the democratic race for Los Angeles mayor pitting congresswoman Karen Bass against tough on crime billionaire Rick Caruso It is also feeling the race for attorney general in California two Republicans and a Republican turned independent are running to unseat democratic incumbent rob banta As for congressional races Republican David valadao is facing a tough primary challenge He was one of the ten House Republicans who voted to impeach former president Donald Trump last year Well in New Jersey Nathan Republican contenders are hoping to crack the state's blue wall in today's primary and Bloomberg's Michael Barr has the latest Today's primary has a field of 35 GOP candidates many online with former president Trump However the governor's seat and the legislature are controlled by Democrats and the party holds ten of the 12 congressional seats One race to keep an eye on is New Jersey's third district Jim owner Ian Smith who refused and ordered to close his business during the pandemic is among three Republicans running against Democrat Andy Kim The third district is a politically divided area that voted for Trump by a narrow margin in the 2020 election In New York Michael Barr Bloomberg daybreak Okay Michael thanks In corporate news deal or no deal Looks like Elon Musk's buyers remorse will not get him out of his acquisition of Twitter Let's get more on that line from Bloomberg's renita young renita Good morning Nathan Elon Musk is reviving his argument that Twitter has a serious bot problem and he's threatening to walk away from the deal if the social media giant does not do more to prove that its users are real people But Bloomberg sources say behind the scenes the deal is still proceeding Twitter thinks it's in the best interest of all shareholders and wants the quiet to close the transaction And it's possible that Twitter could try to sue Musk to complete the deal if he tries to walk away Live in New York I'm Renee young Bloomberg daybreak All right we need to thank you Apple out with new software and services at its worldwide developers conference fresh features include an updated iPhone lock screen multitasking for the iPad in a pay later service that brings apples into the finance industry We discussed the move with creative strategies president Carolina milanesi from the event in California I think the core of it is that it's going to be so much easier for people to use Apple Pay to just use that as a default versus using the plethora of other options that you have in the market It's about integration is about taking away every little bit of friction that you have in the experience Creative strategies president Carolina Bologna expects apple's new pay later features to be helpful for both small businesses and consumers Turning to the economy Karen JPMorgan Chase chief economist Bruce kasman says there's little chance a recession is imminent I think what we're going to see is growth continue to be on the softer side but growth continue to show resilience We don't see a near term recession we see a global economy which actually does okay in the second half of the year with the U.S. slowing And the rest of the world doing somewhat better JPMorgan Chase chief economist Bruce kasman comments differ from his boss Jamie Dimon Last week diamond said investors should be ready for an economic hurricane As tighter monetary policy inflation and Russia's invasion of Ukraine pose ongoing risks And futures are lower this morning S&P futures down 17 points down futures down a 132 and NASDAQ futures down 68 ten year treasury up 6 30 seconds to yield 3.01% in the yield on the two year 2.71% and straight ahead your latest local headlines plus a check of sports and this is Bloomberg.
Bloomberg Radio New York
"nathan karen" Discussed on Bloomberg Radio New York
"The markets every 15 minutes throughout the trading day on Bloomberg I guess in P futures down 64 points down features down 409 and asda futures down 243 ten year treasury down 1630 seconds yield 3.19% and a yield on the two year 2.70% and nimesh crude oil is falling down 1.8% Nathan Karen looks like more of the same as we enter this new trading week Stocks slumping in the dollar is trading at a two year high as the fed's aggressive tightening path and China's COVID lockdowns hit the economic outlook Steve Brown is senior portfolio manager at American century investment management The fed's going to continue to raise rates to get the results they want And I think one of the after effects of their rate hikes will be a slowdown in GDP in the second half of the year in the United States as well as a reduction in earnings estimates for many companies within the S&P 500 American century Steve Brown notes the S&P 500s coming off its 5th straight weekly drop That's the longest losing streak since 2011 While Nathan there was heavy selling in Asia overnight Japan's nikkei dropped two and a half percent while stocks in Hong Kong plunged 3.8% We get the recap from Bloomberg's Juliet Sally in Singapore good morning Juliet Good morning Karen Chan is unsure yuan slid past 6.7 to the dollar for the first time since 2020 amid data showing stagnating imports in the slowest export growth in dollar terms since the pandemic premier lika Chung warned about the employment situation as Beijing and Shanghai Titan virus cubs sending stocks lower Australia's dollar slumped against the greenback testing 70 U.S. cents Indonesian stocks fell the most since November 2020 as markets reopened after the weeklong aid holiday in Singapore Juliette sali Bloomberg daybreak All right Julia thank you We now turn to the war in Europe As Russia's invasion of Ukraine enters its tenth week president Vladimir Putin is presiding over his annual display of military might on Moscow's red square Let's get the very latest from Bloomberg's Ewan Potts Good morning Ewan Good morning Nathan Russia's president has justified his war in Ukraine as a battle comparable to the fight against Nazi Germany as Putin's faltering ten week old military action rumbles on He's been speaking at Russia's annual victory day celebration on Moscow's red square This year's display included 11,000 troops and weaponry including tanks air defense systems and nuclear missile launches This year foreign leaders were not invited in London I'm your impart Bloomberg daybreak All right you and thank you Beck here in the U.S. the government is adding more sanctions on Russia including a ban on American accounting and consulting firms and Bloomberg states Baxter has the story The measures also include new export controls on industrial goods limits on three of Russia's top state controlled TV stations and additional Visa restrictions Now the accounting part imposes the first sanctions on Gazprom bank encompassing 27 sanctions It is a first there because the U.S. was afraid of disrupting oil shipments but now that the G 7 has approved cutting those shipments it decided to go ahead In San Francisco I met Baxter Bloomberg daybreak All right Ed thank you President Biden is also working on his political agenda back home He is about to make high-speed Internet more widely available across the United States even for households that normally can't afford it Amy Morris has details from our Bloomberg 99 one newsroom in Washington It is part of the infrastructure law that passed last year 20 Internet providers including AT&T Comcast and Verizon agreed to offer high-speed connections at essentially no cost to millions of low income households Sources tell Bloomberg news some companies will drop the prices of existing plans others will raise their speed The companies were offered anything and they won't get additional government funding The government is also launching a website called get Internet dot gov to get more people involved in the program President Biden will formally announce the plan today In Washington I made me more as Bloomberg daybreak All right Amy thank you while staying in Washington now It looks like the U.S. government had a record tax hall this spring Some of the credit goes to the surge in individual stock trading by Americans According to Treasury Department data tax collection since it started the fiscal year in October are running at a record high of some 43% over the same period in 2019 That's surpassed Wall Street and is helping to shrink the budget deficit Well tax collections go up Karen So does the price of gas In fact the average price of regular grade gasoline jumped 15 cents over the past two weeks to $4 and 38 cents per gallon industry analyst lundberg says that's a dollar 36 higher than it was a year ago nationwide the average the highest average price for regular grade is in the San Francisco Bay Area 5 85 a gallon All right Nathan well another former Trump administration official is telling all about the inner workings of The White House Former defense secretary Mark Esper said he prevented a dangerous things from happening during his time at The Pentagon like attacking Venezuela and blockading Cuba Esper says president Trump even suggested military action closer to home The president pulls me aside on at least a couple occasions and suggests that maybe we have the U.S. Military shoot missiles into Mexico Shoot missiles into Mexico for what He would say to go after the cartels Former defense secretary Mark Esper tells CBS 60 minutes the former president told him no one would know the attack came from the U.S. Trump responded to Esper's claim in a statement writing quote no comment Listeners in the Washington area can hear 60 minutes every Sunday Night at ten on Bloomberg 99 one And a programming note this morning Karen please join us on.
Bloomberg Radio New York
"nathan karen" Discussed on Bloomberg Radio New York
"Good Friday morning I'm Nathan Hager And I'm Karen Moscow U.S. stock index futures are lower this morning We're coming up to 5 O one on Wall Street and we check the markets every 15 minutes throughout the trading day on Bloomberg S&P futures down 23 points this morning down futures downs 80 and NASDAQ futures down 112 the ten year treasury down 6 30 seconds yields 2.84% and the yield on the two year 2.64% and nix crude oil is up 8 tenths of a percent Nathan Karen we begin this morning with market reaction to the latest slew of earnings Apple shares are down more than 2% in early trading record setting earnings are being overshadowed by the iPhone makers forecast Apple predicts supply constraints will cost four to $8 billion in revenue during the current quarter CEO Tim Cook addressed the issue on the company's conference call I want to acknowledge the challenges we are seeing from supply chain disruptions driven by both COVID and silicon shortages to the devastation from the war in Ukraine We are not immune to these challenges Apple CEO Tim Cook also announced $90 billion in new stock buybacks Well shares of Amazon are down 8 and a half percent this morning Nathan the ecommerce giants says it lost money during the first quarter and may see another loss in the current period Amazon's cloud services division AWS continue to impress but a hiring and warehouse building binge during the pandemic weighed on the bottom line punam goyle covers Amazon for Bloomberg intelligence For a long time AWS has been able to offset the weaker retail business but it's not enough with growth slowing on the top line across the online business across the rising just too fast for them to earn those higher costs Bloomberg intelligence analyst punam goyle says for the first time ever Amazon recorded back to back quarters of less than 10% revenue growth Let's say check out some other stocks on the move this morning Karen Shares of Intel are down 3% The chipmaker gave disappointing sales and profit forecasts indicating weaker demand and Robinhood shares are down nearly 11% The financial upstart says first quarter revenue tumbled 43% We wrap up a busy week for earnings with big oil and focus Nathan ExxonMobil reports this morning a preview from Bloomberg's Tom busby After Russia's invasion of Ukraine sent crude prices surging over the past two months along with global demand its boom times right now for the nation's biggest oil producers and because of that ExxonMobil is expected to post its biggest quarterly profit in more than a decade Investors will be looking for guidance on increased crude production and possibly more share buybacks and higher dividends I'm Tom busby Bloomberg daybreak All right Tom thank you Earning so far have not turned around market sentiment In fact the S&P 500 enters the final trading day of April on track for the worst month since the pandemic bear market more from Bloomberg's Charlie pellet The S&P is showing a month to date loss of 5.4% by comparison this month NASDAQ is down 9 and a half percent while the Dow is down 2.2% Volatility has been a persistent feature in markets all year with investors on edge over China's struggle to suppress COVID Russia's war in Ukraine and worries that Central Bank tightening may tip the U.S. economy into a recession In New York Charlie pellet Bloomberg daybreak Very Charlie thank you Melania It's a different story for a stocks today Chinese technology shares jumped after new policy promises from the country's top leaders to bolster the economy and markets Let's get the recap from Bloomberg's Juliet Sally in Singapore Good morning Juliet Good morning Karen the MSCI Asia Pacific index rose for a third time this week with Tencent and Alibaba among the biggest gainers the Hangzhou tech index soared more than 10% rebounding from earlier losses as the country vowed to support healthy growth of platform companies Shortly before the measures were unveiled Chinese tech stocks reversed earlier losses as traders speculated about a possible relaxation of the yearlong regulatory clampdown and China's yuan strengthened a little during the day's trade but is poised for a record monthly drop as the economy suffers from lockdowns resulting from the nation's COVID zero policy In Sydney Juliet sali Bloomberg daybreak Julia thanks for finding out more details this morning on how Elon Musk is financing his Twitter takeover Let's get the latest live from Bloomberg's we need a young good morning granita Good morning Nathan Wall Street suspected Elon Musk would have to sell some stock to cover the $21 billion equity portion of his deal to buy Twitter Now a filing shows Musk offloaded about $4 billion worth of Tesla stock Shortly after those filings were made public Musk tweeted that no further Tesla sales were planned Meantime Bloomberg sources say before the deal was announced Musk floated the idea of cutting jobs and costs at Twitter on calls with bankers must also discussed ideas to monetize the platform to boost cash flow including a potential subscription service to drive recurring revenue live in New York I'm ranita young Bloomberg daybreak All right ready to thank you Well let's shift gears now and get to the latest on Ukraine Russian missile struck Kyiv overnight but the battle for Donbass is still Russia's strategic focus Meantime here in the U.S. President Biden is asking Congress for $33 billion in aid to Ukraine but the road to approval won't be easy Bloomberg said Baxter has the story The Ukraine part has broad support across Congress but it risks getting snarled in his ask for COVID funding and immigration The Senate could vote on the emergency spending next week but the house will be on recess So Congress could finish by the week of May 9 and send it to the president but if Democrats insist on attaching long stalled funding for vaccinations and immigration costs it could be delayed indefinitely Biden did urge Democrats to pass them together In San Francisco I met Baxter Bloomberg daybreak All right Ed thanks S&P futures now down 25 points down futures down 95 NASDAQ futures lower by a 112 the ten year treasury yield two 8 four straight ahead your latest local headlines and a check of sports This is Bloomberg It's now 5 O 7.
Bloomberg Radio New York
"nathan karen" Discussed on Bloomberg Radio New York
"Futures are higher this morning 6 O one on Wall Street and we check the markets every 15 minutes and while it's a trading day on Bloomberg S&P futures have 29 points down futures up a 183 NASDAQ futures have 125 ten year treasury down ten 30 seconds yields 2.87% and they yield on a two year 2.61% And I'm executed oil is up 8 10% or 79 cents at a $102 97 cents a barrel Nathan Karen will have more on markets in a minute but first it may be a major development in the war in Ukraine Russian president Vladimir Putin says his forces have taken the key port city of Mary pole We get the latest now from Bloomberg's Amy Morris in our 99 one newsroom in Washington Russia's defense minister says more than 2000 Ukrainian troops remain holed up in the city Putin is calling on them to surrender This as the U.S. imposed fresh sanctions on Russia while preparing to send another $800 million in weapons to Ukraine Treasury secretary Janet Yellen and others walked out of a group of 20 meeting as Russian officials began addressing the gathering Russia meanwhile test fired a new intercontinental ballistic missile but Pentagon press secretary John Kirby says Russia told the U.S. about that test ahead of time and he doesn't consider it a threat In Washington I made me Morris Bloomberg daybreak Thank you for turning to the pandemic now The Florida court ruling that put a stop to bash mandates in the air will be appealed at Bloomberg said Baxter has the story The CDC has come out saying that current conditions warrant the mask mandate remain in place The wording it is CDC's continuing assessment that at this time in order requiring masking in the indoor transportation corridor remains necessary for the public health CDC believes this is a lawful order well within CDC's legal authority to protect public health Now remember the Biden administration has said that if the CDC made that determination it would appeal The DoJ has said it is ready to move forward In San Francisco I met Baxter Bloomberg daybreak All right and thank you In China president Xi Jinping is defending his country's reliance on lockdowns to fight the pandemic despite mounting economic woes We need to work together to defend people's lives and health Safety and health are the prerequisite for human development and progress speaking through an interpreter Chinese president Xi Jinping reaffirmed the underlying goal is to minimize deaths While turning to markets now Nathan shares a Tesla up almost 7% in early trading following a strong earnings report from Elon Musk's electric vehicle giant They get the latest live from Bloomberg so we need a young good morning Renee Good morning Karen Tesla's reporting a record profit for Q one boosted by strong demand for its electric vehicles and despite industry wide supply chain challenges for key components like semiconductors and higher prices CEO Elon Musk says Tesla should be able to make up for any production shortfalls So to help mitigate the effect of all that the company has been raising vehicle prices and must predict Tesla is on track to expand production to more than 1.5 million vehicles this year that's compared with about 936,000 deliveries last year live in New York I'm renita young Bloomberg day break All right we need a thank you We're also watching shares of United Airlines there up nearly 8% as Bloomberg's Charlie pellet reports the carrier expects to be profitable this year CEO Scott Kirby says the demand environment is the strongest it has been in his 30 years in the industry United joins rival delta in projecting a return to profitability even as the industry grapples with dramatically higher fuel costs carriers had been hopeful this year would mark a rebound from the pandemic slump before the rising expenses and a brief surge in the COVID-19 omicron variant disrupted operations in recent months In New York Charlie palette Bloomberg day break Very Charlie thank you while we are seeing the fallout continue this morning from the massive sell off in Netflix shares billionaire investor Bill ackman lost more than $430 million on a three month bet on the streaming company Ackman's Pershing square capital management sold this Netflix steak after the company reported an unexpected drop in customers shares plunged 35% yesterday and right now shares are down another 8 10% in early trading Turning to the economy Karen J Powell will have one of the final words on Central Bank policy outlook before the fed enters its traditional blackout period Powell speaks later today before an International Monetary Fund panel the fed's next policy decision comes on May 4th Meanwhile Nathan San Francisco fed president Mary Daly is speaking out on the future of interest rate she says the Central Bank should raise rates to neutral by the end of the year Moving purposefully to a more neutral stance that does not stimulate the economy that is clearly demonstrated it can self sustain is a top priority And this is where the question of timing comes in How quickly should we get there So accounting for the risks of being too fast or too slow I see an expeditious march to neutral by the end of the year as the prudent path And San Francisco fed president Mary Daly made the comments at an economic conference in Las Vegas Well despite the rise in inflation and interest rate hikes Karen Bank of America CEO Brian moynihan says the consumer is holding up well They have more money to spend and they aren't borrowing on their lines the credit card bouncers still 20 billion off All that says there's a lot of dry powder on the consumer side So that's the tension So that's the good news I don't know what they say and worry about but I can tell you on a given day they're spending money and engaging in economy Bank of America's CEO Brian moynihan made the comments in an interview with Bloomberg's David Weston Just watching this red headline cross the Bloomberg terminal China is said to delay its deity probe result after officials object will be following that for you through the morning Right now S&P futures are up 30 points Dow futures up a 191 NASDAQ futures are higher by 130 points Straight ahead your latest local headlines plus a check of sports This is Bloomberg It's now 6 O 7 on Wall Street 47° in Central Park still dealing with that overturned tractor trailer on the New Jersey turnpike We'll get to the details and traffic First Michael Barr with more on what's going on in New York.
Bloomberg Radio New York
"nathan karen" Discussed on Bloomberg Radio New York
"Now S&P futures are again little change down futures Are up 31 now and NASDAQ futures up 21 The Dax in Germany is little change Ten year treasury that will change as well 2.69% And they yield on the two year is a 2.34% Nathan Karen will have more on markets in just a minute but first the suspected shooter in the Brooklyn subway is set to appear in court today Bloomberg's Michael Barr joins us live with the very latest good morning Michael Good morning Nathan the man accused of being the gunman who shot ten people and wounded others in a Brooklyn subway station was arrested in Manhattan yesterday mayor Eric Adams New York is we got we got it Police responded to a tip that the 62 year old was Adam McDonald's in Manhattan's east village James allegedly fired a 9 millimeter Glock handgun at least 33 times in the Manhattan bound end drain James with addresses in Philadelphia and the Milwaukee area will make an initial court appearance on terrorism charges in federal court in Brooklyn U.S. attorney Brian peace And if convicted he will face a sentence of up to life imprisonment U.S. attorney peace says the government will prove that James traveled across state lines in order to commit the offense In New York Michael Barr Bloomberg daybreak Karen All right Michael Barra thank you while the subway is shooting is prompted questions on how Frank James might be prosecuted in this case David Schwartz is a former Brooklyn prosecutor and partner at gertsman Schwartz The federal terrorism charge there'll be attempted murder charges on the state level There will be state charges I believe federal charges the federal case will come first And former Brooklyn prosecutor David Schwartz spoke with our Washington correspondent Joe Matthew on Bloomberg sound on catch the program weekdays at 5 p.m. eastern on Bloomberg radio All right let's get to the latest on the war in Ukraine Karen Russia continues to reposition for new attacks in the east and south The mayor of Mary pole says more than 20,000 people have been killed in the weeks long siege of his city And now President Biden has announced $800 million in new military aid for Ukraine Bloomberg's head Baxter has the story The package includes artillery ammunition and White House spokeswoman Jen Psaki says helicopters It was unclear for a while From their side whether they wanted additional helicopters we have provided them helicopters in the past And today they make clear they wanted them in So we said great Their helicopters in the package So the new shipment marks a shift toward more offensive weapons prior shipments had been defensive systems In San Francisco I met Baxter Bloomberg daybreak All right Ed thank you While turning to the markets now bank earnings continue with Goldman Sachs Morgan Stanley Citigroup and Wells Fargo all reporting this morning we get a preview from Bloomberg Ali basic After JPMorgan reported earnings it turns out that trading did not fall as much as expected That should bode well for Goldman Sachs and Morgan Stanley which have a greater percentage of their earnings tied to trading businesses The consumer is also in pretty strong shape but there are some businesses that are not growing very quickly as rates start to rise That will be of importance for Wells Fargo as it reports earnings today And for Citigroup there will be questions around the Russia exposure and whether the bank has to take losses tied to the country For Bloomberg daybreak Thank you And we get another snapshot this morning on the health of the U.S. economy with the march reading on retail sales Here are the preview is Bloomberg's Michael McKee March was a month of skyrocketing gasoline prices so dollars collected its service stations should lead the forecast gains But that may mean less spent on other categories a Chicago fed index that tracks retail sales suggests factor out gasoline and autos and march retail sales may have declined significantly To get a clearer picture of American spending will also have to factor out inflation which is at its highest since 1981 given the fed is expected to raise interest rates aggressively to bring inflation down some retail strength would reassure policymakers the economy isn't about to go into recession Michael McKee Bloomberg daybreak All right Michael thank you Please join Mike later this morning on Bloomberg surveillance when he speaks live with New York fed president John Williams It's coming up at 8 45 a.m. Wall Street time on both Bloomberg radio and television Of course taming inflation is front and center for the fed Karen and treasury secretary Janet Yellen says the Central Bank does have a tough balancing act ahead but it can be done They will try to maintain strong labor markets while bringing inflation down but and it has been done in the past It's not an impossible combination but it will require skill wind also good luck Janet Yellen says she'll convene a meeting of top international financial officials next week to address a global food security crisis stemming from record prices We'll never see Nathan we get a policy decision from the European Central Bank this morning economists say the ECB will almost certainly stand pat they'll likely prioritize the fight against inflation over which to the economy caused by the war in Ukraine Meantime Karen inflation may soon have you paying higher prices at Amazon joining us here live to explain that as Bloomberg's running a young good morning granita Good morning Nathan Amazon merchants were already grappling with cost related fee hikes that took effect in January and averaged 5% And now Bloomberg news has learned Amazon is adding a 5% fuel and inflation fee on merchants that use its shipping services That's putting pressure on sellers to raise prices It's scheduled to kick in on April 28th Amazon joins a range of companies who've had to take action to offset.
Bloomberg Radio New York
"nathan karen" Discussed on Bloomberg Radio New York
"And I'm Tara Moscow and U.S. stock index futures are little changed this morning heading into the holiday weekend We're coming up to 5 O one on Wall Street and we check the markets every 15 minutes throughout the trading day on Bloomberg In S&P and down futures our little change this morning NASDAQ futures are up 17 The Dax in Germany is up to tenths of a percent ten year treasury up 6 30 seconds 2.67% yield on the two year 2.33% Nathan Karen will have more on markets in just a minute first The suspected shooter in the Brooklyn subway is set to appear in court today Let's get the very latest live from Bloomberg's Michael Barr Good morning Michael Good morning Nathan The man accused of being the guy in my new shot ten people and wounded others in a Brooklyn subway station was arrested in Manhattan yesterday Mayor Eric Adams New York is we got we got it Police responded to a tip that the 62 year old was Adam McDonald's in Manhattan's east village James allegedly fired a 9 millimeter Glock handgun at least 33 times in the Manhattan bound end train James with addresses in Philadelphia and the Milwaukee area will make an initial court appearance on terrorism charges in federal court in Brooklyn U.S. attorney Brian peace And if convicted he will face a sentence of up to life imprisonment U.S. attorney Pete says the government will prove that James traveled across state lines in order to commit the offense In New York Michael bar Bloomberg daybreak Karen All right Michael thank you The subway shooting is prompted questions on how James might be prosecuted in this case David Schwartz is a former Brooklyn prosecutor at partner at gertz min Schwartz The federal terrorism charge there'll be attempted murder charges on the state level There will be state charges I believe federal charges the federal case will come first Former Brooklyn prosecutor David Schwartz spoke with our Washington correspondent Joe Matthew on Bloomberg sound on catch the program weekdays at 5 p.m. eastern on Bloomberg radio All right let's get to the latest on the war in Ukraine now Karen As Russia continues to reposition for new attacks in the east and south the mayor of Maria poll says more than 20,000 people have been killed in the weeks long siege of the city and now President Biden has announced $800 million in new military aid for Ukraine Bloomberg's head Baxter has the story The package includes artillery ammunition and White House spokeswoman Jen Psaki says helicopters It was unclear for a while From their side whether they wanted additional helicopters we have provided them helicopters in the past And today they made clear they wanted them in So we said great Their helicopters in the package So the new shipment marks a shift toward more offensive weapons prior shipments had been defensive systems In San Francisco I met Baxter Bloomberg daybreak Right thank you Turning to the markets now bank earnings continue with Goldman Sachs and Morgan Stanley Citigroup and Wells Fargo all reporting this morning and we get a preview from Bloomberg and Ali basic After JPMorgan reported earnings it turns out that trading did not fall as much as expected That should bode well for Goldman Sachs and Morgan Stanley which have a greater percentage of their earnings tied to trading businesses The consumer is also in pretty strong shape but there are some businesses that are not growing very quickly as rates start to rise That will be of importance for Wells Fargo as it reports earnings today And for Citigroup there will be questions around the Russia exposure and whether the bank has to take losses tied to the country For Bloomberg daybreak Okay shanali thank you We get another snapshot this morning on the health of the U.S. economy with the march reading on retail sales Here with a preview of that as Bloomberg's Michael McKee March was a month of skyrocketing gasoline prices so dollars collected its service stations should lead the forecast gains But that may mean less spent on other categories a Chicago fed index that tracks retail sales suggests factor out gasoline and autos and march retail sales may have declined significantly To get a clearer picture of American spending will also have to factor out inflation which is at its highest since 1981 given the fed is expected to raise interest rates aggressively to bring inflation down some retail strength would reassure policymakers the economy isn't about to go into recession Michael Bloomberg daybreak All right Mike thank you please join Michael later this morning on Bloomberg surveillance when he speaks live with New York fed president John Williams That's coming up at 8 45 a.m. Wall Street time on both Bloomberg radio and television Of course saming inflation is front and center for the fed Karen and treasury secretary Janet Yellen says the Central Bank has a tough balancing act ahead but it can be done They will try to maintain strong labor markets while bringing inflation down but and if it has been done in the past it's not an impossible combination but it will require skill wind also good luck Janet Yellen says she'll convene a meeting of top international financial officials next week to address a global food security crisis stemming from record prices Overseas Nathan we get a policy decision from the European Central Bank There's some morning economists say that ECB will almost certainly stand pad They'll likely prioritize the fight against inflation over risk to the economy caused by the war in Ukraine The meantime Karen inflation may soon have you paying higher prices at Amazon joining us here live to explain his Bloomberg's ranita young Good morning radio Good morning Nathan Amazon merchants were already grappling with cost related fee hikes that took effect in January and averaged 5% And now Bloomberg news has learned Amazon is adding a 5% fuel and inflation fee on merchants that use its shipping services That's putting pressure on sellers to raise prices It's scheduled to kick in on April 28th Amazon joins a range of companies who've had to take action to offset.
Bloomberg Radio New York
"nathan karen" Discussed on Bloomberg Radio New York
"And I'm Karen Moscow U.S. stock index futures are lower to start the week We're coming up to 6 O one up Wall Street I'm gonna check the markets every 15 minutes throughout the trading day on Bloomberg S&P futures down 13 points this morning Now future is down 117 and NASDAQ futures down 32 ten year treasury down three 30 seconds He has 1.92% and they yield on the two year 1.30% The Euro 1.1423 against the dollar Nathan Karen the drop in futures comes after another volatile week on Wall Street the tech heavy NASDAQ 100 index rose 1.3% while the Dow dropped a tenth of 1% We saw huge market swings tied to earnings SD dweck is chief investment officer at Flo bank We've seen that earnings across a lot of these big tech companies had a very big impact and we could see some huge diverging moves between a couple of names depending on how the earnings results were perceived in how the guidance was perceived So maybe more of a stock picker's market coming in the couple of months But generally speaking I do still think the tech is going to hold up and do quite well in 2022 Flow bank says do you like says Friday's jobs report solidified fed hikes over the next few meetings but the second half of the year is still unclear Well overseas Nathan a rally and Chinese shares have limited drop in Asian stocks Japan led declines in the region and we get the recap from Bloomberg's Juliet Sally and Singapore Good morning Julia Good morning Karen China's CSI 300 gained as much as 2.6% in its first trading session since the lunar new year break before pairing some of those gains It was still the best post lunar new year gain since 2019 Sentiment was boosted by that big jump we saw in Hong Kong on Friday and easing concerns about regulatory headwinds for the tech sector However tech players were sold off in Hong Kong Monday led by Alibaba this amid speculation SoftBank could be selling some of its shares The UK two two 5 closed lower by 7 tenths of 1% in Tokyo after posting its best weeks since October In Singapore Juliet saw a Bloomberg daybreak Okay Julian thank you Back here in the U.S. The White House is planning another push on its economic agenda President Biden's top advisers are hatching a plan to repackage the message Amy Morris has the details from our Bloomberg 99 one newsroom in Washington You'll hear less about inflation and the stalled build back better plan and more about wage growth union jobs and domestic manufacturing Sources tell Bloomberg that President Biden's advisers are resetting the president's approach Supply chain bottlenecks and partisan fighting over COVID vaccinations masks and testing will take a backseat to expanding the productive capacity of the economy This just months before the November midterms where Republican wins could doom any future White House initiatives In Washington I'm Amy Morris Bloomberg daybreak Amy thank you We also have news from the US Treasury secretary this morning Janet Yellen says she has no plans to leave the job anytime soon in an interview with Bloomberg Yellen said there's still a huge amount of important work to do The biggest win over ten years so far was a global agreement on corporate taxes but Congress has yet to endorse the plan The economic data are also in focus Karen On this week's agenda the spotlight shifts to inflation we get more from Bloomberg's Vinny del giudice The monthly employment report remarkably strongest behind us Thursday the government issues the January consumer price index the CPI has been soaring climbing 7% on a year over year basis in December That's the most in 39 years and January's index could run harder as pandemic related supply shortages persist in businesses passed along rising labor costs Also on this week's calendar December consumer credit which should settle back from a record November jump If any doubt judic daybreak Vinny thank you turning to corporate news now Shares a peloton up more than 22% in early trading That's due to speculation of a takeover but as Bloomberg's dug Krishna reports peloton could face challenges if the company tries to sell itself to a big tech firm Peloton finds itself a potential takeover target last Friday The Wall Street Journal reported Amazon is exploring a possible deal Analysts say Apple could be a buyer the FT reports Nike is also considering a bid and Disney has been mentioned as well But regulatory scrutiny could make a deal difficult tech firms are being probed for their reach and influence Recently the FTC suit to block the acquisition of arm limited by Nvidia In New York I'm Doug prisoner of Bloomberg daybreak Okay Doug thanks Spotify is also in the spotlight this morning The company's CEO is speaking out once again about podcaster Joe Rogan Let's get the details on that live from Bloomberg's journey to young Good morning Good morning Nathan Spotify CEO Daniel ek tells staff that he's deeply sorry for the impact of the controversy over Joe Rogan But he supports keeping Rogan's show on the platform Rogan's been under fire for repeatedly using racial slurs and spreading COVID misinformation on his podcast And while several episodes have been removed from Spotify the company's CEO says he does not believe silencing Rogan is the answer Instead he says Spotify will spend $100 million to amplify marginalized voices live in New York I'm ready to young Bloomberg day break Ready to thank you We turn to politics overseas now with the latest on UK prime minister Boris Johnson He's hoping for a reset after key members of his team walked out last week And we get the latest from London with Bloomberg's UN pods Good morning Ewan Good morning Carolina Nathan following the resignation of 5 aids in 24 hours last week the prime minister is moving quickly to rebuild his team including a new chief of staff One newspaper report though says that Boris Johnson supporters are readying for a confidence vote as soon as this week They're said to believe that between 35 and 45 lawmakers have submitted written requests for a vote 54 is the number needed to make it happen But those requests.
Bloomberg Radio New York
"nathan karen" Discussed on Bloomberg Radio New York
"Good morning I'm Nathan And I'm Karen Moscow U.S. future is looking at stage a comeback They're rebounding off the worst levels this morning and moving higher We're coming up to 5 O one on Wall Street and we check the markets every 15 minutes throughout the trading day on Bloomberg S&P futures have 5 points down futures up 6 NASDAQ futures up 54 The Dax in Germany is down four tenths of a percent and your treasury up 6 30 seconds yield 1.84% Nathan Karen stocks did sell off overnight after yesterday's hawkish tilt from the fed but U.S. futures are bouncing back from session lows J Powell signaled a march interest rate hike but also stoked speculation about more aggressive policy in the months ahead I think there's quite a bit of room to raise interest rates without threatening the labor market By so many measures historically tight labor market With a yield curve flattened on the heels of those comments from Jay Powell this morning two year yields are rising while tenants and 30s fall former fed vice chair Alan blinder expects a rate hike at every meeting this year Think about where we are now We're almost at a zero rate of four rate hike puts you just above 1% That's hardly a Central Bank that's trying to clamp down on its economy Former vice chair Alan blinder says the fed will continue to be data dependent on this morning money markets are now pricing 5 rate hikes from the fed this year Nathan U.S. stocks sank after the fed decision and that trend continued overnight with heavy selling in Asia We get the recap from Bloomberg's Juliet Sally in Singapore Good morning Julia Good morning Karen the MSCI Asia Pacific index posted its biggest drop since February to hold at 14 month lows as a number of indexes in the region teetered on or entered bear market and correction territory China's CSI 300 filled 20% from its February peak to enter a bear market South Korea's Cosby also entering a bear market Australia's ASX 200 was down 10% from its August peak to enter correction In Singapore Juliet sali Bloomberg daybreak All right Julian thank you So how much further is the Federal Reserve willing to let stocks slide We have a prediction from the world's biggest hedge fund Bloomberg's who need a young joins us live with the details Good morning Good morning Nathan It's the burning question of the moment for market watchers and Bridgewater associates co chief investment officer Greg Jensen says the fed could let stocks drop as much as 20% more That would put the S&P 500 below 3500 near its pre-pandemic level Justin says so far the decline over the past few weeks has been mostly healthy because it's deflated some of the bubbles like cryptocurrencies live in New York I'm ready to young Bloomberg daybreak Renee thank you Stocks are also under pressure this morning from earnings including disappointing results from Intel that ship makers out with a weak profit forecast for the current quarter and we get the story from.
Bloomberg Radio New York
"nathan karen" Discussed on Bloomberg Radio New York
"5 O one od Wall Street and we check the markets every 15 minutes throughout the trading day on Bloomberg S&P futures up 6 points Down futures up 38 NASDAQ futures F 31 the Dax in Germany's up 6 tenths of a percent Ten year treasury down two 30 seconds He has 1.74% and a yield on the two year .90% and 9 X crude oil is up a quarter percent Nathan Karen we're coming off the first gain for U.S. stocks in more than a week the rebound came after Jay Powell's confirmation hearing where the fed chair looked to reassure senators about the Central Bank's plans to tackle inflation If we see inflation persisting at high levels longer than expected then we will then if we have to raise interest rates more over time we will We will use our tools to get inflation back Powell told senators the fed is on course to start raising interest rates and reduce its $8.8 trillion balance sheet While Powell received a relatively warm reception from the Senate banking committee Nathan Arkansas Republican congressman French hill was glad to see a heavy focus on inflation This issue of getting inflation under control and taking action from a monetary policy is should be the principal issue not climate change not bank regulatory opinions but their monetary policy responsibilities Arkansas congressman French hill spoke with our Washington correspondent Joe Matthew on Bloomberg's sound on catch the program weekdays at 5 p.m. eastern on Bloomberg radio And inflation remains in the spotlight today Karen with government data on consumer prices due out this morning We get a preview from Bloomberg's Vinny del giudice Hang on to your hats again Bloomberg economics is forecasting a 7% inflation rate year over year in November at his 6.8% the most since 1982 when Paul Walker was stomping on the brakes at the Federal Reserve COVID-19 is still an issue today as it has been for too long years Bloomberg economics says I'm a cron related bottlenecks could add further upward pressure through the first quarter If any doubt judic Bloomberg day break All right Vinny thank you all prices were also front and center in Asia over now what data showing inflation in China eased into December and Bloomberg daybreak Asia anchor Brian Curtis has the details The producer price index rose 10.3% from a year earlier slowing from November's 12.9% It was well below forecast The government took measures to boost supplies of commodities and it cracked down on speculation and food prices fell Now the CPI increased one and a half percent that was lower than the projection of 1.7% Home acron is hitting the economy hard and these softer numbers might give the PBOC more scope for easing Brian Curtis Bloomberg daybreak Thanks Brian Let's turn to the pandemic now and a fresh focus on vaccines We told you yesterday that Pfizer and Moderna are working on shots to target the variant But it looks like doctor Anthony Fauci is not on board with that plan Bloomberg said Baxter has the story Doctor Fauci says he feels that time should be spent developing the vaccine that could protect against the umbrella of variants passed and to come and to the interim Who's this will play a major role in protecting our population at least from severe disease in the context of the ongoing massive surge of the Akron variant he says the third mRNA dose regimen seems to be working at preventing severe disease at this time In San Francisco I'm at Baxter Bloomberg daybreak Great thank you all important news this morning for those who have gotten Johnson & Johnson's vaccine We get the latest from Bloomberg's Renee young Karen the FDA is revising its fact sheet for J&J's COVID-19 shot It now warns of the risk of a rare bleeding disorder and it includes recommendations for giving J&J's vaccine to people with existing medical conditions The FDA told J&J that reports suggest an increased risk of the bleeding disorder during the 42 days after patients received their shot Symptoms include bruising or excessive or unusual bleeding This revision comes a month after the CDC recommended Moderna and Pfizer vaccines for adults over J&J's shot I'm ready to young Bloomberg day break All right we need to thank you In Europe today vaccines are also in focus There's a warning there about getting too many booster shots Let's go live to London and get that story from Bloomberg's UN pods Good morning Ewan Good morning Nathan and Karen European regulators say that frequent COVID booster shots could adversely affect the immune system and may not be feasible The European medicines agency is warning that repeat boosters every four months could eventually weaken the immune system and tire people out It says countries should leave more time between booster programs and save them for the onset of the cold and flu season in winter Live in London I'm your import spin by daybreak Right you and thank you and finally in corporate news this morning shares a Biogen down more than 9% in early trading the federal government is limiting coverage of Biogen's Alzheimer's treatment and we get more from Bloomberg's done prisoner Last June the FDA granted Biogen's drug at helm accelerated approval despite objections from FDA advisers.
Bloomberg Radio New York
"nathan karen" Discussed on Bloomberg Radio New York
"And U.S. futures are climbing this morning 6 O one on Wall Street and we check the markets every 15 minutes throughout the trading day on Bloomberg S&P future is up 32 points now future is up 218 NASDAQ futures up 125 The decks in Germany is at 1.7% Ten year treasury up 6 30 seconds yield 1.43% They yield on the two year .63% 9 X crude oil is up 1.2% up 82 cents at $71 69 cents a barrel and go make gold up 1.3% at 1787 40 an ounce Nathan Karen we begin this morning with the fed's latest policy decision a hawkish shift is underway to tackle the hottest inflation in a generation Cher Jay Powell announced key changes to the Central Bank's asset purchase program and laid out a road map for three rate hikes next year We are phasing out our purchases more rapidly because with elevated inflation pressures and a rapidly strengthening labor market the economy no longer needs increasing amounts of policy support Says the fed will end its bond buying program by mid march and could raise rates before the economy achieves full employment While Nathan reaction is pouring into the decision former New York fed president and Bloomberg economics senior adviser Bill Dudley calls the fed's outlook for inflation quote magical forecast They have the unemployment rate below their estimate of what's consistent with full planner for three whole years and inflation just magically melts away back towards their 2% objective In 2024 the median estimate of inflation is 2.1% That's within a whisker of their target even though they actually haven't made monetary policy tight at any time over this period And after yesterday's decision Bill Dudley thinks the fed could start raising rates as soon as March And now that we've heard from the fed Karen we get two more Central Bank decisions from across the pond at 7 a.m. it's the Bank of England followed by the European Central Bank at 7 45 a.m. Wall Street time Most economists predict the BOE will leave policy unchanged and the European Central Bank is expected to announce plans to end its pandemic related bond purchases Well Nathan financial markets appear to be reassured by the hawkish shift from the fed but Guggenheim chief investment officer Scott monard warrants they are not priced for the worst case scenario The number of triple C companies in the country and the amount of overleverage in companies that have weak balance sheets even modest increase in interest rates could be very damaging to them And then it's a domino effect The weak companies go first and then the other companies follow as the economy slows those companies cut back spending and reduce employment Guggenheim's Scott bonner says the fed is setting itself up for a recession as soon as 2023 Outside of inflation Karen we remain focused on the pandemic and the omicron variant Bloomberg's Renee young joins us live with the very latest Good morning Good morning Nathan U.S. COVID cases are coming in around 120,000 a day They're nearly back to a level not seen since September The spread is even quicker in the UK where officials expect a surge in hospitalizations over the holidays That's where a study today is painting a bleak picture on long COVID It shows about 7 in ten people in the UK hospitalized with the virus still face fatigue muscle pain and breathing difficulties a year after being discharged Meantime there's another study out of South Africa and vaccines It says two doses of the Pfizer vaccine plus a previous COVID-19 infection may give stronger protection against the omicron variant That points to concerns that low hospitalizations and deaths in South Africa may be due to a high level of prior infections Live in New York I'm Renee young Bloomberg daybreak All right ready to thank you doctor Anthony Fauci weighing it on vaccines and the variant The chief White House medical adviser says existing shots should work well against the new strain I'll boost the vaccine regimens work against imma crime At this point there is no need for a variant specific booster So far 240 million Americans have received at least one dose of a vaccine and that's nearly 93% of the adult population On the corporate front this morning here in Apple is reacting to the surge in COVID the iPhone makers now delaying its return to office plans indefinitely We get the details from Bloomberg's Charlie pellet There is now no firm deadline for a corporate return to the office Apple is facing a resurgence in COVID-19 cases along with a fast spreading new variant so it's delaying bringing back corporate staff It had planned to have them return by February 1st employees were informed of the move in a memo sent from CEO Tim Cook the lack of a firm date points to the struggle that companies are facing and trying to get their operations back to normal fellow tech giant Microsoft scrapped its return to work date in September In New York Charlie pellet Bloomberg daybreak Charlie thank you Well we have an upcoming Wall Street debut to tell you about this morning Reddit has filed for an initial public offering The social media platform that helped fuel this year's meme stock frenzy said the number of shares in proposed price range have yet to be determined The company was valued at $10 billion in a funding round this summer Novartis is trading higher this morning Karen The Swiss drug maker plans to buy back as much as $15 billion of shares with proceeds from the sale of its stake in Roche and that has Novartis shares up four and a half percent And Nathan the bosses cashing in this morning.
Bloomberg Radio New York
"nathan karen" Discussed on Bloomberg Radio New York
"On Wall Street and we check the markets every 15 minutes throughout the trading day on Bloomberg ten year treasury also higher up to 30 seconds He had 1.44% Yield on the two year .64% nymex crude oil is up 1% or 72 cents at $71 59 cents a barrel At 1.2% is at 1785 80 announced the Euro 1.1314 against the dollar the yen at one 14.14 Nathan Karen we begin with the latest policy decision from the Federal Reserve a hawkish shift is underway to tackle the hottest inflation in a generation chair Jay Powell announced key changes to the Central Bank's asset purchase program and laid out a road map for three rate hikes next year We are facing out our purchases more rapidly because with elevated inflation pressures and a rapidly strengthening labor market the economy no longer needs increasing amounts of policy support Says the fed will end its bond buying program by mid march and could raise rates before the economy achieves full employment While Nathan reaction is pouring into the decision former New York fed president and Bloomberg economic senior adviser Bill Dudley calls the fed's outlook for inflation quote a magical forecast They have the unemployment rate below their estimate of what's consistent with full planner for three whole years and inflation just magically melts away back towards their 2% objective In 2024 the median estimate of inflation is 2.1% That's within a whisker of their target even though they actually haven't made monetary policy tight at any time over this period After yesterday's decision Bill Dudley thinks the fed could start raising rates as soon as March And now that we've heard from the fed Karen we get two more Central Bank decisions from across the pond at 7 a.m. it's the Bank of England followed by the European Central Bank at 7 45 a.m. Wall Street time Most economists predict the BOE will leave policy unchanged in the European Central Bank is expected to announce plans to end its pandemic related bond purchases Nathan financial markets appear to be reassured by the hawkish shift from the fed but Guggenheim chief investment officer Scott monitored warrants they're not priced for the worst case scenario Companies in the country and the amount of overleverage in companies that have weak balance sheets even modest increase in interest rates could be very damaging to them And then it's a domino effect The weak companies go first and then the other companies call out as the economy slows those companies cut back spending and reduce employment Guggenheim Scott miner says the fed is setting itself up for a recession as soon as 2023 Outside of inflation Karen we remain focused on the pandemic and the omicron variant this morning Bloomberg's Renee young joins us live with the very latest Good morning Good morning Nathan U.S. COVID cases are coming in around 120,000 a day They're nearly back to a level of not seen since September and the spread is even quicker in the UK where officials expect a surge in hospitalizations over the holidays That's where a study today is painting a bleak picture on long COVID It shows about 7 in ten people in the UK hospitalized with the virus still face fatigue muscle pain and breathing difficulties a year after being discharged Meantime there's another study out of South Africa and vaccines It says two doses of the Pfizer vaccine plus a previous COVID-19 infection may give stronger protection against the omicron variant That points to concerns that low hospitalizations and deaths in South Africa may be due to a high level of prior infections Life in New York I'm Renee young Bloomberg daybreak All right Renee thank you doctor Anthony Fauci is weighing it on vaccines and the omicron variant that chief White House medical adviser says existing shots should work well against the new strain I'll boost the vaccine regimens work against a crime At this point there is no need for a variant specific booster So far 240 million Americans have received at least one dose of a vaccine that's nearly 93% of the adult population On the corporate front this morning Karen apple is reacting to the surge in COVID cases the iPhone maker is now delaying its return to office plans indefinitely We get the details from Bloomberg's Charlie pellet There is now no firm deadline for a corporate return to the office Apple is facing a resurgence in COVID-19 cases along with a fast spreading new variant so it's delaying bringing back corporate staff It had planned to have them return by February 1st employees were informed of the move in a memo sent from CEO Tim Cook the lack of a firm date points to the struggle that companies are facing and trying to get their operations back to normal fellow tech giant Microsoft scrapped its return to work date in September In New York Charlie pellet Bloomberg daybreak Charlie thank you We have an upcoming Wall Street debuted to tell you about this morning Reddit has filed for an initial public offering The social media platform that helped fuel this year's meme stock frenzy said the number of shares and proposed price range have yet to be determined It was valued at $10 billion in a funding round this summer In Novartis is trading higher this morning Karen the Swiss drug maker plans to buy back as much as $15 billion of shares with proceeds from the sale of its stake in rochet and has Novartis shares up 4% And of us is cashing in this morning Nathan Bruce Springsteen has sold this master's and music publishing to Sony Music and Sony Music publishing for a combined total around $500 million That's according to billboard which cites unidentified sources Springsteen has reported We've been in talks with Sony about the sale since at least in November And futures this morning are on the rise S&P futures have 25 points Dow futures have 172 and NASDAQ futures up 100 Straight ahead your latest local headlines Plus a check of sports And this is Bloomberg In south 5 O 7 on Wall Street we're at 54° in Central Park already dealing with a crash on the.
Bloomberg Radio New York
"nathan karen" Discussed on Bloomberg Radio New York
"S&P futures are little changed as we head into the final trading day of the week 5 O one on Wall Street I'm gonna check the markets every 15 minutes throughout the trading day on Bloomberg S&P futures are again little change Now features down 83 NASDAQ futures up 54 that decks in Germany is down about two tenths percent The cat in Paris is down three tenths percent in the footsie 100 down a quarter percent Ten year treasury up 9 30 seconds Yields 1.55% They yield on the two year .47% I'm executive as down 8 10% or 63 cents at 78.38 a barrel Nathan Karen we begin this morning on Capitol Hill where House Democrats are expected to pass President Biden's $1.6 trillion economic agenda today They wanted to vote on it last night but Republican leader Kevin McCarthy has been delaying that plan with a lengthy speech from the house floor that began in the evening hours and is still going I know some of you are mad at me think I spoke too long but I've had enough America has had enough The house is scheduled to resume work at 8 o'clock this morning following representative Kevin McCarthy's remarks Meantime the congressional budget office released its estimate for the cost of President Biden's plan It says it would add more than $360 billion to the deficit over the next decade The debt ceiling is also a front and center in Washington Nathan's Senate leaders meeting yesterday to figure out how to resolve the impasse ahead of a possible default next month Amy Morris says the latest from our Bloomberg 99 one newsroom in Washington Senate majority leader Chuck Schumer and minority leader Mitch McConnell talked about the need to boost the nation's debt ceiling sometime around mid December This just two days after treasury secretary Janet Yellen warned that the country risks default if Congress doesn't lift the limit by December 15th Republicans want Democrats to use a budget reconciliation process to raise the dead limit without GOP votes But Schumer insists any boost should be bipartisan After the meeting McConnell said they'd figure it out quote we always do In Washington I'm Annie Morris Bloomberg daybreak All right Amy thanks The fed is also in focus on Capitol Hill today There are new developments this morning over who will lead the Central Bank Let's get the latest live from Bloomberg's ready to young Good morning Good morning Nathan Two progressive democratic senators join Elizabeth Warren in saying they oppose renominating fed chair Jay Powell for a second term Jeff merkley of Oregon and Sheldon whitehouse of Rhode Island say Powell lacks a strong commitment to address the growing risks of climate change Fed governor lael brainard is more liberal on climate issues Meantime Bloomberg sources say democratic senator Joe Manchin is undecided about who would be best for the job He wants to meet with brainer didn't have a follow-up talk with Powell And The White House says President Biden will announce his choice to lead the U.S. Central Bank before Thanksgiving live in New York I'm ready to young Bloomberg daybreak All right ready to thank you about the fragile relationship between the U.S. and China is also in focus this morning It's dominated discussions at the Bloomberg new economy forum in Singapore this week Former Secretary of State Hillary Clinton is the latest to weigh in on the conflict Of course we have to cooperate We should cooperate on a range of issues but we also can not permit the kind of aggressive military build up the kind of efforts to dominate maritime navigation the intimidation of nations in the larger Asia Pacific region Hillary Clinton is predicting the Biden administration will remove some Trump era tariffs on China she's also commenting on cryptocurrencies saying they could loom large on the geopolitical stage What looks like a very interesting and somewhat exotic effort to literally mine new coins in order to trade with them has the potential for undermining currencies for undermining the role of the dollar as the reserve currency for destabilizing nations Clinton's remarks came from a panel at today's Bloomberg new economy forum and stay tuned for more of that conversation coming up in ten minutes from now Another former Secretary of State mentioned cryptocurrencies there Karen We should mention Bitcoin is down for a 6th straight session right now trading just shy of 57,000 U.S. futures meantime are mixed as we close out this trading week yesterday Big tech drove the S&P 500 to its 66th record close of the year This session could be more volatile though Options expire today They're forecast to be the second most in recent history Nathan we're watching shares of applying materials this morning down the most 5% the maker of machinery used to manufacture semiconductors delivered a downbeat forecast citing supply chain issues and we get that story from Bloomberg's Charlie pellet Production and shipment snags have created global shortages of key parts wreaking havoc on the chip industry and that has made it harder for Applied Materials to capitalize on surging demand In a statement CEO Gary Dickerson said the supply chain can not keep up and Applied Materials expect shortages of certain silicon components to persist in the near term In New York Charlie pellet Bloomberg daybreak Okay Charlie thanks Again futures are mixed as we head toward the Friday open S&P futures are down almost 5 points down futures down a 127 NASDAQ futures are higher by 57 points European stocks are moving lower this morning The ten year treasury is up ten 30 seconds the yield 1.54% yield on the two year right now .46% Straight ahead will bring a year latest local headlines and a check of sports This is Bloomberg It's 5 O 7 on Wall Street where 43° in Central.
Bloomberg Radio New York
"nathan karen" Discussed on Bloomberg Radio New York
"Moving higher this morning It is coming up to 5 O one od Wall Street and we check the markets every 15 minutes throughout the trading day on Bloomberg S&P futures Up about 17 points now future is up 52 NASDAQ futures up 99 The bond market is closed today in observance of the Veterans Day holiday Nymex crude oil is up 9 10% or 72 cents at 82.6 a barrel Nathan Karen as you mentioned the bond market is closed today but reaction does continue to pour in to yesterday's read on inflation The fastest price gains in three decades but October's annual inflation rate at 6.2% the highest since 1990 But San Francisco fed president Mary Daly says she still sees the trend as temporary Inflation is high higher its eye popping This is a transitory period That's what we believe That's what I think when I look out at the data but it's directly related to COVID And it's quicker we get through COVID the better off we're going to be as an economy On despite high inflation San Francisco fed president Mary Daly says it's too soon to judge if the Central Bank should move faster to Titan policy President Biden meanwhile says there is a way to curb inflation Nathan the president points to his infrastructure Bill as a fix for high prices This bill is going to reduce the cost of goods to consumers businesses and get people back to work Helping us build an economy from the bottom up in the middle out President Biden plans to sign his infrastructure Bill into law on Monday but many Republicans disagree with his assessment Marilyn congressman Eddie Harris as the legislation will not provide immediate relief for many Americans Everybody who goes to the store everybody who buys gas they know that inflation is here I think most people believe it's actually higher than 6% and 7% especially when they go to the store and they look for gasoline And I don't think the president's Bill I don't think his infrastructure Bill is going to do anything to make it better in the short run Marilyn Republican congressman Andy Harris spoke with our Washington correspondent Joe Matthew on Bloomberg sound on Catch the program weekdays at 5 p.m. eastern on Bloomberg radio As The White House looks to tame inflation Karen it is making tangible progress on another front the U.S. and China have come to an agreement to work together on climate change The deal comes just days before a summit between President Biden and Xi Jinping and we get the story from Bloomberg's at Baxter This comes as a bit of a surprise as the two have been trading body blows on everything they could get their hands on and China has been bucking coal goals but the statement has the two agreeing to boost their efforts to cut emissions including tackling methane and illegal deforestation U.S. climate czar John Kerry acknowledging differences but on climate cooperation.
Bloomberg Radio New York
"nathan karen" Discussed on Bloomberg Radio New York
"Futures are little changed on this Wednesday morning It is 5 O one on Wall Street We check the markets every 15 minutes throughout the trading day on Bloomberg S&P futures that'll change down futures up 13 NASDAQ futures down 9 and Nathan Karen we begin this morning with word of a company makeover for Facebook The world's largest social media network is reportedly looking for a new name and we get the latest on this developing story live with Bloomberg's ready to go Good morning granita Good morning Nathan the verge reports that Facebook is planning a rebranding as it faces intense scrutiny over business practices CEO Mark Zuckerberg is expected to discuss the name change at Facebook's connect conference at the end of the month Now Zuckerberg reportedly thinks the key to Facebook's future lies with a metaverse concept that's the idea that users will live work and exercise inside a virtual universe The new company name will focus on that but the original Facebook app and service may remain the same in their branding live in New York I'm granita young Bloomberg day break All right we need to thank you while earnings are front and center this morning after strong results from Netflix the company came out with its best subscriber growth of the year Chief financial officer Spencer Newman says that's due in part to the popularity of squid game What we saw as the quarter continued it in September we saw acceleration in our growth which is what we had been hoping for and expecting but it was good to see as we got into the strength of our schedule Chief financial officer Spencer Newman says Netflix expects to sign up another 8 and a half million customers in the final three months of the year Karen Netflix's backtracking on earlier remarks backing Dave Chappelle co CEO Ted sarandos says he screwed up in defending the comedian's controversial special which offended some in the transgender community Sarandos tells The Wall Street Journal he should have instead quote led with humanity in those emails because some Netflix employees were hurting Well up next on the earnings front Nathan it's all about Tesla the electric carmaker is one of 40 major companies reporting today our investment CEO Cathy would remain bullish on Tesla especially Elon Musk's strategy on batteries Cylindrical batteries that he's been using relative to lithium ion pouch lower cost and will remain lower cost for at least three years we think which means that any other auto manufacturer who wants the same performance and the same range at the same price will have to lose money on every car sold Our investment CEO Cathy wood says her base case for Tesla's $3000 a share the stock closed yesterday at $864 It's now Karen Bitcoin Klein within $400 of its all time high overnight Right now it's hovering near 64,000 Following the debut of the first Bitcoin linked ETF Still Guggenheim chairman Scott minor has concerns he compares cryptocurrencies with the Internet bubble of the 90s.
Bloomberg Radio New York
"nathan karen" Discussed on Bloomberg Radio New York
"Moscow and U.S. futures are hired to start the week We're coming up to 5 O one on Wall Street and we check the markets every 15 minutes throughout the trading day on Bloomberg S&P futures up about 13 points Now futures of a 147 and NASDAQ futures up ten The Dax in Germany is up 9 tenths of a percent ten year treasury down 6 30 seconds You had 1.47% and the yield on the two year .28% 9 X crude oil is up one and a half percent Nathan Karen we begin in Washington this morning with new developments on President Biden's infrastructure package House speaker Nancy Pelosi has set a vote for Thursday on the bill Amy Morris reports from our Bloomberg 99 one newsroom in Washington Let me just say we're going to pass the bill this week Pelosi says lawmakers plan to pass the $550 billion infrastructure Bill and she signaled that that bigger package of spending and tax measures will be lowered from three and a half $1 trillion You know the budget can be passed a resolution calling for 3.5 trillion but it sounds like you acknowledge that the final number is going to be somewhat smaller than that Yeah I mean that seems self evident Well as he made the comments on ABC's this week which can be heard on Sundays on Bloomberg radio Divisions between progressive and moderate democratic factions have set up a showdown over the Biden economic agenda progressives are insisting on progress First on the bigger Bill which moderates have said has a price tag that is too high In Washington I'm Amy Morris Bloomberg daybreak All right Amy thank you turning to the pandemic now in a warning this morning from CDC director Rochelle Walensky she says parts of the U.S. health system are in Dire Straits We are working so hard in areas that have high levels of disease where they can't their healthcare systems are in Dire Straits that working to get assistance to them working to get those communities vaccinated because as I noted people who are not vaccinated are ten.
Bloomberg Radio New York
"nathan karen" Discussed on Bloomberg Radio New York
"S futures are higher ahead of the monthly payrolls reported his father went on Wall Street and check the markets every 15 minutes. Throughout the trading day on Bloomberg S and P Futures up, 13 points down Futures up 109 as day futures have 39 the decks in Germany is up a quarter percent 10 YEAR Treasury that'll change yield 1.13% healed on the two year 20.10%. Nymex crude oil is up one and a quarter percent. Or 69 cents, and 56 91 a barrel and Comex gold is up about 1%. Nathan Karen, We begin this morning with promising news on the vaccine front. Johnson and Johnson is asking US regulators to clear its experimental covert 19 shot for emergency use that could bring millions of doses to market as soon as this month. Sampras Elia, senior pharmaceutical analyst at Bloomberg Intelligence. We do have a vaccine here there is one shot, easy to store and ship on gave you very high level of protection against severe disease. So it's a very significant addition to our fight in the pandemic plans to make a recommendation on J and J's Emergencies request on February 26th. Meantime, in Washington, lawmakers are making changes to President Biden stimulus plan. They're looking to lower the income limit for those receiving direct payments. The move has bipartisan support. But when it comes to the overall approach to covert relief, Democrats are taking a unilateral approach and that's drawing criticism from Republicans. We spoke with GOP senator from Tennessee Marsha Blackburn. What are the Democrats to doing? They are trying to go it alone. They didn't want a pared down $600 billion package. They don't want to break it apart. So that we can target money that is needed to families..
Bloomberg Radio New York
"nathan karen" Discussed on Bloomberg Radio New York
"I go to s c i c com slash I AMs U. S futures rebounding from yesterday's losses, its father one on Wall Street, and check the markets every 15 minutes. Throughout the trading day on Bloomberg S and P Futures up, 11 points down futures up 72 NASDAQ futures up 54 the decks and Germany's up 1/10 of upper said 10 Year treasury Down to 30 Seconds you had 1.15% yield on the two year 20.14%. Nynex crude oil at 1.7%, or 91 says that $53.16 a barrel Nathan Karen, we begin on Capitol Hill, where the House will formally call on Vice President Mike Pence to invoke the 25th amendment removing president Trump from office. Sources say the attempt is dead on arrival before lawmakers move on to a second impeachment. Bloomberg's Josh Wingrove reports there several questions about how that will play out. If he went right over to the Senate, it could start the trial right away that could potentially run onto and through inauguration, which, of course, would get messy. President Trump's legal team is unclear. We think it will not include passable only the White House counsel. Of course, he will no longer be the White House counsel as of mid next week, so just a lot of moving pieces. But right now, the bottom line is the impeachment wheels are moving forward. How far forward that how quickly remain unclear, But it does not look like Trump will leave office before the 20th. Nearly every Democrat in the House is expressed support for impeachment, While many Republicans warn it will further divide the country. In the lead up to President elect Joe Biden's inauguration. The FBI is warning of nationwide demonstrations, including armed protesters. Amy Morris has the very latest from our Bloomberg 99. 1 newsroom in Washington The internal FBI bulletin warns of huge rallies starting this Sunday in all 50 state capitals and in Washington, D C. These demonstrations are expected to continue through Inauguration Day. Investigators believe at least some of the participants are part of extremist groups and plan to be armed President. Trump has also son an emergency declaration four D C authorizing the Department of Homeland Security and FEMA to work with the district from now until after the inauguration. In Washington I maybe Morris Bloomberg Daybreak. All right, Amy, thanks. Add another one to the list of White House defections. Acting Homeland Security Secretary Chad Wolf announced his resignation yesterday. That's adding to confusion around security preparations for the inauguration. Wolf says he'll be replaced by Pete Gaynor, who's currently head of FEMA. Major banks and corporations are also pulling away from the president after last week's deadly riot at the Capitol, and Bloomberg's John Tucker joins us with more in this live report, John Good morning, and Karen sources say Deutsche Bank has decided not to conduct any further business with the president in his company. The bank lent hundreds of millions to his company over the years. Signature bank is closing to the president's personal accounts. In a span of just a few days. Mr Trump has been rejected by Wall Street, Silicon Valley and Washington. We spoke with former HP CEO and Republican presidential candidate Carly Fiorina. His brand is toxic, and I think that will have real consequences for his businesses. Even as perhaps he continues to have support from some of the Republican Party and some in the nation and Republicans in Congress who tried to overturn Joe Bynes electoral victory are also feeling the heat corporations or value to pull campaign contributions. They include Blue Cross Blue Shield. Marriott International Dow Chemical, Goldman Sachs, an Airbnb just to name a few. John Tucker Bloomberg Daybreak. All right, John. Thank you. The fallout from last week's violence continues in big Tech. Today, Twitter has permanently banned more than 70,000. Q and on accounts. It's the latest move to restrict talk of violence after Apple, Google and Amazon removed parlor from their platforms. Joe Lieber covers US politics for Eurasia Group. I think this is really destabilizing for US politics generally. You're gonna have the big tech companies become the bad guys of the right. While the conservative voices are largely silent, participating in the debate at the choice of these concentrated economic platforms, Twitter says, accounts that post Q and on material will have limited visibility and won't be recommended to others by Twitter. Turning to the pandemic now yesterday, so the number of new cases and deaths ease a bit. That pace of hospitalizations in the Northeast is showing preliminary signs of easing. But White House coronavirus response coordinator Deborah Berke said the system remains under heavy pressure. When you look at what's happening with cases, hospitalizations and our fatality rates We need to increase our diligence right now. Over the over these next 4 to 6 weeks will we very critical. And Dr Burke says it's hard to be optimistic right now. She spoke with chief White House correspondent Kevin So really on Bloomberg Sound on heard weekdays at 5 P.m. Wall Street time on Bloomberg Radio President elect bite and received his second dose of fighters vaccine yesterday and took the moment to echo that concern from Dr Burke's. He also renewed a push for another stimulus package. Get worse. Important Spanish comes we can get somewhere We have to get those Some of my Republican colleagues about being able to move on second package sooner or later. The number of vaccine doses.
Bloomberg Daybreak
Walmart misses fourth-quarter earnings and guidance falls short of forecasts
"We are watching earnings from Walmart crossing the Bloomberg fourth quarter profit and revenue missing analyst estimates we'll have details straight ahead Nathan Karen thanks the economic hit from the corona virus is starting to affect corporate America now apple says its quarterly sales will miss forecasts as the outbreak hurts both supply and demand some analysts predict a quick rebound while others worry the effects could linger Dan knives as managing director of equity research at Wedbush securities we think it's more of an issue and you'll see significant rebounded unions temper turns iPhone demand which would also be across the supply chain side view more the timing issue rather than one that significantly then the man says factories in China getting back to work slower than expected while most of its retail stores in the country remain closed many Husayni senior analyst at Susquehanna financial the card is for pricing I think the number one question is more to do with not knowing what happens to the demand for these in demand destruction that is going to sustain for more than one or two quarters we could actually see more of a broad base to slow down tech stocks in Europe and Asia slid on the forecast from apple a flight to safety has the yield on thirty year treasuries below two percent its lowest level since September Alicia Garcia Herrera's chief Asia Pacific economist at the Texas your health effects because trying to is at the center of the supply chain frankly the stock market doesn't want to hear this news everybody's trying to cry and the fact that the supply chain constraints will affect them the stock market will react is just a question of time nasdaq futures are down seven tenths of one percent is apple ways on the index shares are down more than three percent in the
Bloomberg Daybreak
Big Day For The Fed And It’s Policy Decisions
"Nathan Karen it's a big day for the fed with a policy decision and more repo operations on the schedule we begin with a look at today's rate decision with Michael McKeon R. Bloomberg ninety nine one Washington newsroom it's not so much what they do as what they plan to do next a twenty five basis point rate cut is baked into the decision but is that the last of eight mid cycle correction as chairman Jay Powell put it in July or do trade in geo political uncertainty mean more cuts are likely it's a communication challenge for Powell get it wrong and yields and the dollar may rise offsetting the fed's easy one more issue does the fed need to change its balance sheet strategy given the backup in repo rates this week in Washington Michael the key Bloomberg