40 Burst results for "One Percent"
Monitor Show 16:00 10-02-2023 16:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context, and context changes everything. Go to Bloomberg .com to get context. All about the US recession being more likely than a soft landing. So we spoke to Anna Wong about that, and then we just spoke to Lisa Erickson over at US Bank Wealth Management, who said the consumer is hanging in there, the consumer is hanging in there. So, you know, what's going on? But hanging in there, I don't know, you want a strong consumer, you don't want one hanging by, you know, basically their fingertips off the cliff, which is what it sounds like. A lot of people think that where we're at right now, and I guess we're going to find out in a big way, Tim, over the next couple months here as we head into the US holiday seasons. Let's get to walk you through some of the numbers here with the Dow Jones Industrial Average, going to finish the day in the red, down about two -tenths of a percent. Meanwhile, the S &P 500, which was down more than six -tenths of a percent at one point, Actually inching back into the green here at the close, only higher by less than one point here, but I guess some people will take that here. The NASDAQ composite doing a little bit better, up about seven -tenths of a percent here on the day. The NASDAQ 100 up eight -tenths of a percent, but the big laggard on the day was the Russell 2000, which was right around down about two percent at its lowest point on the day. It's going to close here, Carol, down one point six percent. Yeah, and down for the year. It's down about one -quarter of one percent. So very telling in terms of those domestic companies here in the United States. And almost down ten percent from that year -to -day high. Yeah, significant, right? And I think that we're getting a lot of market conversations around that trade in particular and what it forecast. Katie, hey, the S &P 500, not as negative as it looked certainly earlier in the day, as Romain pointed out, but still 391 names to the downside, Katie, 112 actually eking out some gains here. Yeah, and you're taking a look at the industry groups here. There's definitely more red than green. If we think about what did well, though, media and entertainment stocks.
Fresh update on "one percent" discussed on Bloomberg Markets
"In America's labor market, which has been instrumental in providing support for battered by doubt. The government issues official payroll data Friday. Vinnie del Judice Bloomburg Radio. Thanks, Vinnie. The FDA grants Novavax emergency use authorization for its updated covid -19 shot. Shares of Novavax currently down more than six percent. Rival Moderna up less than a half a percent and Pfizer down more than one percent. And that's a Bloomberg Business Flash. I'm Steve Rappaport back to Bloomberg Markets right here on Bloomberg Radio. All right, Steve, thank We you so much. appreciate it. Matt Miller, Paul Sweeney live here in our Bloomberg Interactive Broker Studio. We're streaming live on YouTube so you can go check us out there. Our
A highlight from The 4 MAIN REASONS This Bitcoin PUMP Will Continue!
"The market is absolutely pumping. You got Bitcoin at $28 ,400. And I guess the big question that everybody's asking right now is, is this another one of those fake pumps? Is this a real pump? Is it going to continue? That's what everybody's asking right now. And I think that's what today has actually got to be about. We're going to ask ourselves the question whether this is another fake pump or whether this pump is going to continue. And if it is going to continue, when will it stop? And if you want to understand whether this pump is going to continue, you need to understand the pump. In order to respect the pump, you need to understand the pump. So today, what we're going to do is we're going to understand what's happening. Where is this pump coming from? And when we understand the pump, we will understand whether this pump is going to continue or not. So that's what today's about. Let's do it. So nice to be back. So nice to be back when the bubbles look like this. You've got to ruin up 12 points. Josh, why does it say Sheldon is live? Ryan is live. So you've got to ruin up twelve point nine five percent that I've got some room in my portfolio. Two dollars sixteen. You've got roll. But look at Robert. Fourteen point four cents. I did tell you guys the other day to buy Robert at I think it was twelve cents. You got BSB up seventeen point one percent. You got Solana up. You got render up. We're going to go through all of the old coins today. What an amazing, amazing, amazing day when that when the bubbles are green. So we're going to do we're going to go through the pump today. We're going to start understanding what this pump is actually about. Why is this market going? And I think when you understand this pump, then you'll understand whether or not the pump is going to continue. I think that's what we need to come out of the show today. We need to understand whether this pump is going to continue or not. So listen, if you are new to the channel, quickly, quickly, quickly, subscribe, subscribe, subscribe to the channel. I know we are over six hundred and fifty thousand subscribers. I don't know why you guys are showing a subscriber account for Banta Plus. We'll talk about Banta Plus. The scarecrows are off form today. Can we get the Banta Plus subscriber count off our screen here today, guys? We're going to talk about that at the end of the show. If we get one thousand five hundred likes, if we can get to one thousand five hundred likes by the end of the show, then we'll take a live trade here on the show. I'm going to show you a live trade that I'm actually going to be taking with you guys in the BitGet competition, because remember now we're in the BitGet competition. I know we've got about three hundred people on my team with Annie, but we haven't taken any trades. The competition only started yesterday. Today, if we get to one thousand five hundred likes, then we're going to do a live trade right here. You're going to see exactly what it is that I'm going to trade. So if you are here, let's get the show on the road. Tell me that you're present. Iris, if you're present, let me know. Ryan John, if you're present, let me know. Moonbird, if you're present, let me know. Kalen, Luke Sniper, if you're present, let me know. Let's get some some energy going up here on a day where the bubbles look like this. Not often we get the bubbles. Let's just quickly go to the one hour. See on the one hour, you can see the momentum is actually continuing. You've got to roll it up six point two percent in the last hour.
Fresh update on "one percent" discussed on Bloomberg Daybreak
"But this really is one of those moments I'd like to get your thoughts first on just the fact that Speaker McCarthy is out after such a limited amount of time sure sure Nathan good morning a couple of things one there's kind of the Washington small ball and I don't mean to disparage anybody that's involved in this but the there's kind of the you know the the back and forth about what happens next and we'll talk about that you know the bigger markets concern is that it's more I think it's markets negative because it makes more intractable the two intertwined political crisis we see in Washington now first the bar bipartisan inability to work reliably fund the government I think that becomes tougher now and I've I've a government shutdown in mid -november up at up eighty to percent and secondly the bipartisan inability to address the out -of -control fiscal situation think this is embedding in world markets increasingly the view that the US is unable to address spending debt and deficits I think that's all bad does this move further entrenched the four factions that you talked about so many times or could we see more bipartisanship come out of this just because fight at this point well I think thank you for remembering the factions the the up factions I think still exist I think what ends up happening is just part of is this that the centrists in both parties become a little bit more empowered that's probably non consensus in the political world but the you know the centrists always are the ones who drive spending deals and there's a net you know now they have an extra rationale to do so they want to make sure that they they have the place functioning that the government's funded that priorities their funded and a funded government helps them best politically they frankly are centrists and a lot of them are in the Republicans for example a lot of them are in you know marginal Biden districts so that helps them as well the big problem is going to be of course how long this lack of speaker goes on in the house and I know that the interim speaker Mr. McHenry would like to have a speaker election next Wednesday. I think he's right to want to place a timeline on it and do it fairly quickly but at the same time there's no guarantee that the Warren Republicans are going to be able to coalesce around a candidate. Yeah we should talk about who some of these potential candidates are that are going to try to find some coalescence. We've heard Steve Scalise the House Majority Leader is already trying to bandy about where the interest lies for him. Who could we see potentially find some consensus around a potential speakership candidate? Well you know Mr. Scalise course of would want to move up. Mr. Emmer the Majority Whip would want to move up. There's a variety of other candidates out there. I also wouldn't recommend listeners to a good article that you all have on your site this morning about the different candidates. I also wouldn't rule out Mr. McHenry continuing because he's one of the few people in the body right now that is trusted by both sides and could be relied upon to drive bargains and drive process in the House to to keep try the spending bills moving and that sort of thing, but to drive compromise as well and that's no small thing. McHenry I think very much does not want this position. And I mean that sincerely. He actually doesn't want to be speaker. But neither did Paul Ryan and look what happened to him. So it's entirely possible. Just 30 seconds left Terry. What could Kevin McCarthy have done differently to keep his job? McHenry Nothing. Honestly, I don't think that's the case. You've got a situation where have he could the shut government down and kept his job, I suppose. But then the greater good would not have been served. And yeah, he could have chosen to be completely partisan instead of mostly partisan, but but the country's better off that he didn't, I think. Good to have you with us Terry. This morning after we what saw in Washington DC with Speaker McCarthy ousted the first speaker to lose his job in US history. Terry Haines, founder of Pangea Policy with that analysis this morning. Again, Terry, thank you for this. Futures trading mostly flat now. S &P futures are down three points. Dow futures up seven. Nasdaq futures down 29 points. That's a drop of two tenths of one percent. Ten year treasuries down three thirty seconds. Now four point eight one percent yield. Get instant. Together we have the opportunity to build a more sustainable and inclusive future. At the Bloomberg New Economy Forum we help make this possibility a reality by cultivating new connections among global leaders that transcend geographies, ideologies. Because when global leaders work together, the outcomes benefit all of us. Learn more at Bloomberg .com. The story. get You the story behind the story. How your EV's battery may not be as green as it seems. Why a decrease in global birth rates could send countries scrambling to increase immigration. You get context. Context changes how you see things. How you change things. Because context
A highlight from How Rebecca Alvarez Story Built a Sexual Wellness Brand
"Ladies, gentlemen, welcome to the colorful world of Skittles. Skittles brings you a jolt of five fruity flavors in every bite, giving you the chance to taste the rainbow like never before. Break free from the ordinary day -to -day with the help of Skittles chewy candy. Skittles is a must in my candy jar, movie snack, even my secret to an afternoon pick -me -up. And I don't even care who knows it. Add a splash of joy to your day with Skittles. There's nothing better than fruity fun that tickles your taste buds. Taste the rainbow. I've been wanting to talk with Rebecca Albera's story for a while. She is an award -winning entrepreneur, sexologist, and intimate product developer. Three titles that do not often go together. But I'm glad we waited for this moment when, like many of my very favorite conversations, we find Rebecca and her company Bloomy, a wellness brand focused on clean, intimate care essentials, at an inflection point, asking the very familiar question, will what got us here get us to where we want to go next? Rebecca, finally, thank you so much for being here. Thank you so much for having me. I'm glad it worked. I'm so happy to have this conversation. Rebecca, among the things you say about intimacy is that so much of the root of intimacy is unlearning bad sex ed. What was the bad sex ed that you grew up with? My bad sex ed was actually no sex ed to start with. I definitely saw love, and my parents modeled that so well. But in terms of, like, in my community, in my school, did we have sex education? Not really, because it was abstinence -only education in high school. It's wild that someone goes from growing up in an environment that is abstinence -only to, I mean, by the time you are in college, you're very clear that you want to study sex and sexuality. I sit at the intersection of so many things, being Latina, a woman. I was a single mom at that time. I just felt like I could relate to so many people's intimacy journeys. And I wanted to create the spaces where we could talk about it. I didn't know exactly what it was going to look like. But yes, in college, I tell this story, you know, I was apprehensive about sexuality because my first year in college, I was actually assaulted. And I ended up transferring home. I ended up at Cal, a very liberal, very progressive school where I could take so many wonderful classes that were holistic, and I shared with people that it was very healing for me. I had great therapy. I had great all of that. But the education, it just transformed my life. When did it become clear to you that you are an entrepreneur? To be honest, I feel like I've always known this since I was little. I had that spirit of, oh, that should be a business. And why don't we have a solution? I would just see things differently than like the cousins I grew up with, I think. They would joke and say, why do you always have so many ideas? Why are you always so bossy? But it was just little. I was little and I was like taking initiative to create things. Talk me through the evolution of Blumey, because as I understand it, the original idea was a multi -brand marketplace. How did it morph from that concept to a place for education, advice on intimacy with a line of sexual wellness products? I had been in the industry for 10 years. I was working as a consultant for startups, helping them with their product development. And I was coaching both singles and couples, learning so much about intimacy challenges, intimacy goals, and really helping people in a lot of different ways, where at the end of so many of my sessions, my clients wanted solutions. They wanted the book, the product, the toy, the whatever it was. And so I would manually send this to them. I started creating a list, but it was a little bit like it was a lot of work on my end to always curate. And so what I did is I said, I'm just going to put these products that I recommend that are clean, because it's very important that these products be healthy, especially for these areas of the body, put them all on a page. And that was the beginning of Bloomie, where I had multiple brands. They were my favorite clean brands that I would recommend in the category. And then when I developed our first product with our team, it was called Bloomie Arousal Oil. We still sell it. It's a bestseller. That was just the beginning of a pivot for us. And that's why we fundraised and why we ended up really focusing on Bloomie's products, making solutions for products that I wish I had 10 years ago. The question I'm about to ask you seems particularly relevant given the timing of your and my conversation, but I want to take us back to April 2022. Your line is set to debut at Target and your funding falls short. How does that happen? Funding for women of color entrepreneurs is severely lower than what it should be. There is less than one percent of funding that is going to entrepreneurs of color and Latina founders. So I never use that as an excuse. But when I went out and I fundraised, I did everything by the book. I trained, I did accelerators, I did boot camps. I had a cis white male co -founder. I had everything you're supposed to, and I'm using quotes, to have. And we fell short. We wanted to raise two million. We raised one million. So what did I do? I ended up seeing that there is no standard for my industry. This is new. Intimacy companies were not being venture backed at that time. And I just realized I'm going to have to do things differently. So we crowd raised. We basically opened up part of our round to the community where they could invest one hundred or two hundred dollars minimum. We raised almost a million dollars that way, two different times. And then we also I took out personal loans. We had a few angels give us personal loans. I took out a line of credit. Like I did everything to make sure that we could have sufficient capital to meet the demands of going into retail. And even with that, I'll say when founders ask me, what does it take to go into retail? It's so big of a question. I want to sit down and go through things with people. But you have to estimate how much you're going to need to be on shelf, stay on shelf. That's even harder. Mark it and to not plan to be profitable right away.
Fresh update on "one percent" discussed on Bloomberg Daybreak Europe
"Terms of u s features we're looking at a weaker open e -minis down a quarter of one percent as that features down by four tenths of one percent really what has been weighing on the appetite for risk assets has been what's been going on in bond markets where we've seen yields going higher once again we went briefly uh... just a couple about an hour or so ago above five percent on the thirty -year yields so the bonds sell off continuing and yields at the long end in particular going higher we continue to see that now but that yield just down dropping from above five percent to four point nine three is where we trade uh... we are seeing the two year yield although moving in the other direction five point one four four is where we trade so that yields a little bit lower this morning oil prices are a little weaker ninety twenty four on brent down three quarters of one percent the dollar got a boost from those higher yields but but has since paired those gains pretty flat actually on the dollar this morning at the yen the dollar against the yen in focus of course because of what what seemed to many to have been intervention from the ministry of finance although unconfirmed one four eight ninety four is where we trade away from that one fifty level and euro dollar is at one oh four eighty four uh that is up a tenth of a percent that's your blimp bag business flash anna thank you well let's go back now to manchester in the conservative party conference rishi sunak set to make one of perhaps the most important speeches of his career as prime minister at the conference later this is the event has been overshadowed over a looming announcement around the hs two rail a link and particularly the element of it between birmingham and manchester let's go to caroline hepker has been at following the conference for us all week here on bloomberg radio caroline good morning to you what are the key things we're out for when rishi sunak speaks later good morning steven this could be the biggest speech of rishi next so career and there'll be a lot of attention paid on how it is received in the hall you know will there be focus on the the prime minister's own life story his values and plans can he reset the party given the weight of
Monitor Show 13:00 09-29-2023 13:00
"When professional soccer player Marcus Rashford injured his shoulder he turned to Resil's virtual reality training program to help him maintain his skills and return to the field with confidence. Learn more at meta .com slash metaverse impact. On tenth of one percent, Nasdaq up three tenths of one percent. Sound on with Joe Matthew from Washington DC. That starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. Now from our nation's capital, this is Bloomberg Sound On. We're talking about red and blue division within states. How busy is Donald Trump's legal team gonna be? Is the economy stupid? Is that actually what will decide this race? Bloomberg Sound On. Politics, policy and perspective from DC's top names. Federal spending combined with too lax monetary policy has produced this 40 year high on inflation. China policy is driven basically by domestic politics. American families are finding themselves further behind the eight ball. To get anything done in this Congress, it's gonna have to be done in a bipartisan way. Bloomberg Sound On with Joe Matthew on Bloomberg Radio. The government shuts down tomorrow. The auto workers strike is expanding and Senator Dianne Feinstein has died. Welcome to the fastest show in politics. With three major political stories developing today, we're gonna spend the next two hours learning more. Beginning with our conversation with Congresswoman Haley Stevens. The Democrat from Michigan has been on the picket line and is in the midst of the budget debate right now. Joins us live from the Capitol in just a moment. We seek analysis from our political panel. Bloomberg politics contributor, Democratic analyst, Jeannie Chan.
Fresh update on "one percent" discussed on Bloomberg Daybreak Europe
"Got 840 am I'm created Gupta we check markets the all day long at bloomberg we start with the bond market here where you are seeing a sell -off afloat around the world. Take a look at treasury markets 496 on the 30 -year yield in the US go further into the curve a 10 -year yield 483 hitting higher by about four basis points there at the front end not much action the two -year yield hitting about 515 we'll call it so again some major steepening in a already inverted twos tens and two 30s curve I might add like I said the sell -off goes global take a look at the German 10 -year boond we are seeing a yield about 299 retreating slightly from about 3 % on that yield the UK gilt at the 10 -year mark 4 0 .63 % the equity market no exception seeing red across the screen with euro stocks 600 really low at the moment really taking a hit down about five half a percent excuse me five tenths of one percent if you will kind of bouncing around you'll get features as well down about five tenths of one percent down by the same margin that is your macro story quick check on the movers here Sandoz the spin -off of Novartis trading at about higher by a tens of one percent about 24 swiss francs per shares and higher also in things private movement about 77 lower for sas this comes after they reach a deal is expected to wipe out the shareholders so a real run for the exits there that is your bloomberg business flash kriti let's get more details now on what's moving those markets as well we've got alexandra given over with us his his fund manager
"one percent" Discussed on Bloomberg Radio New York
"Back with us to talk all about on supporting low -to -moderate income communities with health care workers. First up let's get a check on the day's trade and top business. There's a lot going on on this Thursday. Absolutely right about that Carol Carol. Mestra. I'm keeping an eye on Nike. A little bit ahead of the game here. Excited because Nike shares now pushing higher. They're up by the end. Sudden jump higher in the after hours. We're watching Nike for you. Nike though did come out with numbers delighted that analysts. In fact it reported a drop in its stockpile of inventory, a sign that the company is making progress in moving out older merchandise for newer more profitable items. Again, after hours, cannot ignore the move and Nike shares up now by just about 3 .9%. It was an update for the Dow, the S &P and NASDAQ. Yes, it was a choppy session. We did have the S &P rebounding nearing after oversold territory. Treasury yields fell while Fed chair Jay Powell sidestepped investor concerns over the outlook for interest rates. Tenure yield 4 .57 % with a two year that's yielding 5 .05%. Spot gold at the 18 .64 of the ounce while West Texas Intermedia crude was down 2 .1%, 91 .71 a barrel for WTI. S &P up 25, closing just below 4300, 4299 on the S &P up six tenths of one percent. The Dow up 116 up four tenths of one percent. The NASDAQ composite index up today by eight tenths of one percent, higher by 108 points. As for the market backdrop, Arbor Rinehart is senior portfolio manager at Voya Investment Management. We think that this is still a continued up leg in a bull market. We think it's taking a breather. We think that bond yields are being pinned because the Fed is talking tough at this point and the market realizes that. But we do think inflation is rolling over. We think there are lead indicators that show us that wages are rolling over as well. And those things should be able to alleviate some of the higher for longer. And the Fed should
Fresh update on "one percent" discussed on Bloomberg Daybreak Europe
"Pain there as well and i should very quickly mentioned staggering moves in dollar yen that's where the biggest reaction is 148 .97 on dollar yen when it comes to the european equity markets you are seeing the euro stocks 50 under some pressures well down about four tenths of one percent what's the 100 positively in the green but only mildly only hired by one tenth of one percent that's your bloomberg business flash now rishi sinak faces one of the most important speeches of his career as prime minister later at the conservative party conference our caroline hepker is there for us this morning in manchester caroline good morning good morning steven thank you so much yes it is the biggest speech of rishi next career what song's going to be played when he comes on stage how long is the standing ovation going to be remember of course that the grassroots
Monitor Show 15:00 09-27-2023 15:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. We're working on it. Funding the government? Not so much. Kaylee, I'll meet you on Balance of Power. I'm Joe Matthew in Washington. Bloomberg Business Week starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Business Week. Insight from the reporters and editors who bring you America's most trusted business magazine plus global business, finance and tech news as it happens. Bloomberg Business Week with Carole Masur and Tim Stenebeck on Bloomberg Radio. And a very good afternoon, everybody, live from the Bloomberg Interactive Brokers Studio streaming on YouTube and of course on Bloomberg Originals. It is Wednesday, September 27th. Happy hump day, Tim. Happy hump day. It is September 27th. I feel like I'm finally awake and alive. Well, it takes a couple of days for us to come out of our whatever we did over the weekend. Hey, stocks bouncing around a little bit. We're actually seeing the S &P 500 flat right now. The Nasdaq is actually higher. The Dow down by two tenths of one percent. The Dow, we should note, is below its 200 day moving average. Carole, you're bearing the lead. You know that. What am I bearing? Tom Brady and Snoop, I watched this. I watched this live. Mark Zuckerberg taking the stage at the Facebook developers conference in California. And Tom Brady, Paris Hilton, they're all your A .I .s. Whatever happened to the metaverse? I thought that was the big thing. Well, they did unveil a new Oculus Quest three. Yeah, but you know, it's going to cost more money. You know what? Yeah, they're playing in the metaverse. All right. We're going to get to all of this in just a moment.
"one percent" Discussed on Bloomberg Radio New York
"Of six tenths of one percent down industrials down 244 decline of seven tenths a nasdaq lower by 74 a drop there of six tenths of one percent tenure yield 4 .62 percent with a two -year 5 .14 percent spot gold down $26 a ounce to 1874 lower now by 1 .4 percent west texas intermediate crude up 3 .6 percent 93 .65 a barrel on west texas intermediate crude as for the overall market backdrop Tony Dwyer is chief market that are just at can't -accord genuity our view is that you get three you get three parts of this cycle you get good news is bad news because it means a tighter Fed that was 2022 then you get bad news good is news because it means the Fed's done and rates can stabilize but ultimately the real time to buy the time to be aggressive is when bad news becomes bad news and I think we're starting to see the beginning of that with some of consumer the data and you can hear more of that conversation on the surveillance podcast you can download it wherever you get your podcasts again recapping stocks lower with the S &P down 25 down now by about six tenths of one percent I'm Charlie pellet that is a Bloomberg Business Flash all right thank you so much Charlie pellet in New York join us on YouTube if you're not already enjoying this on the radio I guess you'd need to be if you could hear me go to YouTube and search Bloomberg Global News our cameras are lit in studio as we say good day to Bloomberg's Kaylee lines just back from Capitol Hill that felt very formal but good day to you Kaylee you've been rubbing elbows with lawmakers
Monitor Show 07:00 09-27-2023 07:00
"Do you need to communicate and collaborate from anywhere? Vonage does that. With one streamlined app you get full features that work on desktop or mobile wherever you go. Join video meetings and calls, respond to messages, and work from home, in the office, or on the road. You can even capture conversations on the go because the Vonage mobile app can integrate with your CRM. Now your small business can communicate like a big enterprise. See more of what Vonage can do for a lot of the stock market. There's some recognition by the Fed that if you tighten financial conditions much more you're going to do real damage to the economy. The Fed might hold here for a while but it's very difficult to see why they'd want to go a lot higher from here. Fed's retaining its optionality it's not saying we're definitively moving higher and it's certainly not saying seven percent. It's just hard to see what the positive catalyst is for markets today. This is Bloomberg Surveillance with Tom Kean, Jonathan Ferro, and Lisa Abramowitz. Pouring freezing cold water over this summer's happy talk. Live from New York City this morning. Good morning, good morning. This is Bloomberg Surveillance on TV and radio alongside Tom Kean and Lisa Abramowitz. I'm Jonathan Ferro. Your equity market is trying to bounce up by a third of one percent on the S &P. Yesterday at the close the lowest since June on the S &P on Nasdaq this morning. Tom in the FX market, the Euro 105, Dolly Yen pushing 150. Those are the major pairs but you can look at all the granularity of the foreign exchange market and see the trauma that's out there. It's not a soft landing, it's a abruptness here and the adverb I'm using is suddenly there's all sorts of suddenly. Kawa, you weren't here. Luke Kawa of UBS. What did Luke say? Luke nailed it. He said he went all Newtonian on us on Monday. He's talking first derivative, second derivative and the second derivative the accelerated force is in place on this Wednesday. At some point Lisa this treasury market sell -off becomes self -limiting because of the pain it inflicts elsewhere.
"one percent" Discussed on Bloomberg Radio New York
"For the full conversation head over to the Bloomberg talks podcast you can find it wherever you get your podcast. S &P futures are up three -tenths of one percent, Dow futures up two -tenths of one percent, and Nasdaq futures are a quarter percent higher. This is Bloomberg. you've heard the phrase that to you let need customers switch to a voice call without leaving your app and then use AI to answer their questions instantly over the phone. Vonage does that. With Vonage voice API you get click to call connectivity in your app or website and you can connect to customer data to provide more personalized service. Create custom AI voice experiences even if you're not a developer. If you want more people talking about your business get Vonage Voice API at Vonage dot com. When you get your news from Bloomberg you don't just get the story, you get story behind the story. How your EVs battery may not be as green as it seems. Why a decrease in global birth rates could send countries scrambling to increase immigration. You get context and context changes how you see things, how you change things because context changes everything. Go to Bloomberg dot com to get context. Together we have the opportunity to build a more sustainable and inclusive future. At the Bloomberg New Economy Forum we help make this possibility a reality by cultivating new connections among global leaders that transcend geographies, industries and ideologies. Because when global leaders work together the outcomes benefit all of us. Learn more at bloombergneweconomy .com The voice of the world. with Warren Buffett. I get that that might go on my tombstone. There's actually more than one of them. Writing on Star Wars was crazy fun. The voices of experience tell their stories on here's in business. When I got hired
Monitor Show 16:00 09-26-2023 16:00
"Right now, aviation companies like Lufthansa Technik are using virtual reality training to help their mechanics practice crucial engine maintenance skills, helping them prepare for real repairs. Learn more at meta .com slash metaverse impact. Go back 230 years of history, four and a half percent on the 10 year treasury yield. That's the average. So there you go. Yeah. 200 years? That's interesting because Katie keeps bringing this up. And what's great about it is there's, I don't think there's any way for us to actually check anyone's this because data goes back 200 and something from Taylor something years here. All right, guys, we've got a lot to talk about here. I want to start off with the Dow Jones Industrial Average. It is down about 389 points, around thirty three thousand and six hundred points down about one percent here on the day, but more importantly, a close back below its 200 day moving average. The first time that that's happened for the Dow Jones Industrial Average since May. The S &P 500 lower by about sixty four points or about one and a half percent. It is close getting closer to that 200 day moving average, but we should point out it is now on the precipice of being an oversold territory when it comes to the RSI. The NASDAQ composite down more than 200 points or one point six percent. And the Russell 2000 going to finish lower on the day by about twenty three points or one point three percent. All right. Digging a little bit deeper into the big cap names, the S &P 500. We've got the S &P 500, as you said, remain broad based in terms of selling some four hundred and fifty five names to the downside. Katie, forty six to the upside to unchanged. So really a risk off day. And unless my eyes deceive me, you take a look at the industry groups. Every single one is down. We're talking about twenty four industry groups. Hopefully we'll show them soon. Every single industry in the red bear telecom was your relative best bet, but still down two tenths of a percent. And then you go down the list, some of the biggest loser, there's tech hardware.
A highlight from Episode 123 - Sept. 25th, 2023 - 2 Many Toos
"Yes, indeed, yes, indeed, yes, indeed. DJ Intense here from On The Record Podcast. I'm your host for the most. And to my left of me, I am Walt. What's up, Walt? I'm pretty good for the most part. I slept in today. I also linked up with my guy, Louis P. Shout out to Louis P. Big shout out to Louis P. Can't wait to get him on the podcast for an interview, one of these days. Definitely need that. Or just a joint venture. Yup, friend of the show. You know what I'm saying? You can, you know, we'll do an episode with them and then they can do an episode with us. That's perfect. That works. We need to do more of that, for sure. We went to go see, it was me, some other mutual friends that you're familiar with. We went to go see Expendables 4. Oh, really? Big shout out to 50 Cent, huh? Yup. No, no, no. Big shout out to Fifth. There's one thing I can say about 50 and stuff like that, regardless of all his antics, shenanigans, real life situations that made him who he is. He's always been professional in all aspects and willing to do the work and endorse whatever his he is tied to brand wise. So I respect him a lot. And, you know, inspired by a lot of his own, what he's done so far. And he's super smart. Very, very, very, very intelligent in a lot of different areas. Excuse me. I find it unique with 50 Cent or just unique in general with all these movies coming out promotional. It's terrible because the sag are still striking right now. Yeah. So it's a it's a it's a tough situation because because on one hand, you know, I just want, you know, these productions to keep putting out high quality stuff. But on the other hand, they got to be fair to their workers. Exactly. You can't just be having like, you know, like like three fourths of the pie. And in this twenty five percent is split among like 100 ,000 people. Exactly. That's that's that's ridiculous. Not at all. And we never see out of those out of those 100 ,000 people, maybe only one percent getting the top earnings. Yeah, man. The rest is fighting for scraps. Absolutely. So because you're in a you're already in a business where it's high risk, high reward on both ends. Yeah. The actor, the studios and all that stuff like that. The writers and the producers and the directors behind the scenes and the costume designers, editors. It's just so many. And we're never talking about just simple, you know, regular editing as far as script. Why about video editing? Then you have the guy, people who do the coloring for videos. It's a very, you know, strenuous process of how to actually put a movie out, the editing of the group behind it, get the color scheme right, the right focus going, the right cut scene, the right angles. Just imagine who oversees all those emails and all them up and have to check them constantly and stuff like that. It's just man. Yeah, a lot of manpower. Oh, absolutely. OK, was it a good movie? It was it was a bit it was a bit underwhelming. I think it had some really good moments and stuff like that. But listen, I get I get what you're saying. It's just like it is. I'm not I'm not asking for no Oscar worthy performance or anything like that. I don't I don't expect to get that out of those type of movies. And I'm not sure I'm not sure a movie like that would ever fit whatever fit like their criteria where you win like those big awards and stuff like that. But I will say out of out of but I will say I've seen enough action movies where I could be like, yo, it's kind of this. This could have been a lot better given given like, OK, I will say this could be a lot better given all the action movies I've seen in recent times, like like one of the one of the action movies that I like a lot. And I think it's a really good look for him is the redemption movies with Chris Hemsworth on Netflix. Who's in that? I'm the guy who played Thor. Oh, OK. Yeah. Yeah, I like those movies. He has to have two outs so far. And they've been good and stuff like that. I don't know how how much further they're going to keep on going with it. But it's just like you've seen enough action movies and you know enough about everybody's, you know, resume in that field to be like, OK, this could have been a whole lot, whole lot better and stuff like that. Wait, was Chris Hemsworth in The Expendables? No, I was just making an example of like, you know, a dude who's done action films. That's not, you know, that's a bit different what he's accustomed to do it. But it's still really good. When I look at Expendables, I think of like, oh, what was it? It was Action Bronson, Charles Bronson, those movies. It was a death, death, death wish, death, death wish, right? Back in the day, early 80s, 90s. I think I know what you might be talking about. Well, you know, it was just it's like a.
A highlight from 1410: Bitcoin Will Hit $10,000,000 Per Coin - Binance CEO CZ
"In today's show, I'll be breaking down the latest technical analysis. And also I'm going to be sharing with you a 48 ,700 Bitcoin price target, pre halving according to a top analyst. Also did you know it was exactly six years ago today, China tried and failed to ban Bitcoin for the second time and ever since the Bitcoin price action is up 600 % and the mining hash rate is back at all time highs. Also quitting Max Kaiser, Bukele has restored the human rights to 7 million Salvadorians that have been taken away by murderous runts, the British and American state, a 93 % approval rating tells the story of the most popular leader in the world. And now Bukele -nomics is being copied around the world as a blueprint for freedom and justice preach. Also in today's show, Mt. Gox repayments delayed yet again. Creditors are waiting on Bitcoin, Bitcoin cash and Yen payments until next year in 2024. We'll also be discussing, according to this latest report, Coinbase currently holds 5 % of the entire Bitcoin supply in existence. That's right. While Coinbase holds 25 billion in BTC, the exchange only owns around 200 million in Bitcoin and its wallets. We'll also be discussing the catalyst, which will catapult the Bitcoin price action. According to skybridge capitals, Anthony Scaramucci will also be discussing the latest with the Binance CEO CZ setting the record straight on $250 million loan claims. That's right. The US court had recently denied an inspection plea by the SEC. I'll be breaking down this latest FUD and speaking of CZ, the Binance CEO predicts the Bitcoin price will reach $10 million per coin. In fact, a couple of years back in an interview, he said, if all of the major institutions allocate 1 % Bitcoin, we're going to see 1000 X or more growth of the Bitcoin price. And if you run the math, 1000 times today's price action is 26 to $27 million per BTC. We'll also be taking a look at the overall crypto market, all this plus so much more in today's show. Yo what's good crypto fam. This is first and foremost, a video show. So if you want the full premium experience with video, visit my YouTube channel at crypto news alerts .net. Again, that's crypto news alerts .net and welcome everyone just joining us. This is podcast episode number 1410. I'm your host JV and today is September 23rd, 2023. So welcome to another sat stacking Saturday. Let's kick it off with our market watch as we do here each and every day, seven days a week. We can see Bitcoin back in the green trading above 26 .6 and we also have ether back in the green trading at roughly $1 ,600. The market cap is sitting at 1 .06 trillion with roughly 17 billion in volume. In the past 24 hours, we've got Bitcoin dominance at 49 .1 % and the ether dominance at 18 .2 % as Bitcoin continues outpacing Ethereum and checking out the top 100 crypto gainers of the past 24 hours, we've got theta lead in the pack up 7 % trading just under 64 cents followed by rocket pool up 4 % trading at $21 .63, followed by chain link up 4 % trading at $7 .18 and checking out the top 100 crypto gainers of the past week, we have WeMix leading this pack up 15%. We have PLS up 8 .2 % and XRD up 11, I mean 7 .4 % and checking out the crypto greed and fear index, we're currently rated a 47, which is neutral. Yesterday was a 43 in fear, last week also a 43 and last month a 41 in fear. So there you have it. How many of you have been stacking M -Sats and taking advantage of the recent dip in dollar cost averaging? Let me know. And how many of you are anticipating Bitcoin price action to maybe dip a little further south before packing some new positions? Let me know how you feel with the current status. And also just quick reminder, we're almost at the end of September historically, September is the worst month out of the entire year for the Bitcoin price action, but it's always followed by up tober, which is historically one of the most bullish months for Bitcoin. So we only have another week until we get out of September. So we'll see how this is likely to play out. Let's break down today's Bitcoin technical analysis. Bitcoin failed to reclaim 27 ,000, though we came close. It stalled at 26 ,500 as of right now. Meanwhile, the altcoins are in no better shape with minor losses coming from most of the larger cap ones. With Chainlink, the only one with a notable price increase. So last week was expectedly less volatile, aside from the brief spike on Saturday that pushed Bitcoin then to the multi -day peak of 26 ,400. But after failing to continue upwards, Bitcoin retraced at 26 ,000 and spent the rest of the weekend there. Then Monday didn't start all that positively either, but finished the way. Bitcoin went on the offensive and soared above 27 ,000 for the first time in weeks, but then shortly dumped after. But the bulls kept the pressure on and pushed Bitcoin to a new 20 -day peak at 27 ,500 on Tuesday. The next few days were rather calm with Bitcoin maintaining 27 G's, even after the US Fed's decision to stop raising the interest rates. Yet Bitcoin's momentum disappeared by Friday as it fell to 26 ,400. It even tried to bounce off the end of the day, but failed and currently stands at 26 ,500. Its market cap is south of 520 billion, while its dominance over the alts still just inches shy of 49%. So there you have it. And as we mentioned a little earlier, the altcoins, a lot of them are also in the red with the exception of Chainlink, which seems to be outpacing the rest of the major alts. Now for a prediction from Titan of Crypto, here's what he shared on X. Bitcoin 48 ,700 before the halving rocket ship to the moon. You might want to bookmark this one. Fam, never in history the halving occurred without Bitcoin reaching the 78 .6 % Fibonacci retracement level. So first off, first cycle price reached this four months before the halving, and the second cycle it was two months before, and then on the third cycle it was 12 months before. The next halving is now roughly six months away. Bitcoin might reach the 78 .6 % Fibonacci level within this period as it currently lies at 48 ,700, but the million dollar question remains, will this time be different? So as we enter this fourth halving, let me know where you feel the Bitcoin price action is likely to hit before we have liftoff. I mean, obviously that would be a bullish scenario setting us up for a perfect price discovery in 2024 post halving. So I cannot wait. I hope the analyst is right. And if you didn't know, it was exactly six years ago. China tried and failed to ban Bitcoin for the second time because guess what? You can't ban Bitcoin. You can try. Good luck with that. And ever since the price action on the King Crypto is up 600 % and the mining hash rate continues to hit all time highs. And as you know, hash rate is a good indicator for the strength of the network, meaning the market cap is just north of only $500 billion. And as Max points out here, referring to Bukele, he has restored the human rights of 7 million Salvadorans that have been taken away by murderous runts. The British and American state, a 93 % approval rating tells the story, the most popular leader in the world. And now Bukele Nomics is being copied around the world as a blueprint for freedom and justice. Massive shout out to Najib Bukele and the people of El Salvador. Which country do you feel is likely to adopt Bitcoin as a legal tender next? Let me know your honest thoughts in the comments below. I feel it's going to be another Latin American country. I'd say a great candidate for that is Argentina, which has hundreds of millions of people. We have Javier Malay, the pro presidential candidate. There is a 70 % chance plus that he is elected as the president. And we already know the likelihood he could make Bitcoin a legal tender, especially being orange -pilled by Max Keiser, who is the senior Bitcoin advisor for President Bukele. As Max has already announced, he can't wait to touch down in Buenos Aires to orange pill Javier Malay. Then we also have Mexico. We have people like Ricardo Salinas, the third richest man in Mexico, very pro Bitcoin, claiming Bitcoin has been his best investment ever because, again, Max orange -pilled him back in 2014. Then we have Brazil and so many other countries that make Bitcoin a potential to become legal tender. And we all know that's going to be a game changer. And that's just another catalyst on top of the Bitcoin halving scheduled in six months in 2024, plus the approval of a spot Bitcoin ETF in the United States. So can you say fireworks lays ahead? Let's go. Now let's discuss the latest more bullish news, meaning Mt. Gox is going to be delaying these payments, which means no crypto is going to be dumped onto the open market anytime soon, which again is good for the hodlers. Check it out. Now we got Nobuaki, the Mt. Gox trustee in charge of the funds owed to the exchange creditors, updated the public on September 21st, two days ago, according to the trustee, because of the lengthy discussions with specific payment providers, he could not make the October 31st deadline. That was the initial deadline, fam. And because of this reason, the repayments will start next year. And so they say, quitting him here. Therefore, with the permission of the Tokyo district court, the rehabilitation trustee changed the deadline of the base repayment, the early lump sum repayment and the intermediate repayment from October 31st, 2023 Japan time to October 31st, 2024 Japan time, respectively. By the letter of the Kobashi details, the Mt. Gox creditors waited nine years for payments. Good Lord. Currently, they're owed one hundred and forty one thousand six hundred and eighty six BTC plus one hundred and forty two thousand eight hundred and forty six Bitcoin cash and sixty nine is that billion yen. Good Lord. I'd love to know what that equates to in dollars anyways, though the delay has been extended. The creditors who have completed their claims might receive the payment by year's end, quoting them again. Rehabilitation creditors who have provided the necessary info to the rehabilitation trustee will see the payments made in a sequence as early as the end of this year, according to the letter. However, this schedule could change. Kobashi also said that due to the high volume of inquiries regarding the process, the rehabilitation team might not respond promptly. Well, that doesn't sound so promising, but I guess it's a good sign that most of this cash is not going to be dumped off any time soon, as there's a lot of FUD that's always circulating. The Mt. Gox, you know, sell off is going to crash the entire market. I think that is very unlikely and is nothing more than FUD. And again, we're gearing up for the most bullish sentiment in the four year cyclical cycle amongst us in twenty twenty four. So versus being in fear, I would be very optimistic about what's to come for the king crypto and the crypto market as a whole. But what are your thoughts, fam? Let me know in the comments right down below. Now let's discuss the largest crypto exchange in the United States. Clearly, it is Coinbase. The CEO is Brian Armstrong. But did you know, according to this latest report, they currently control and own over five percent of the Bitcoin in circulation. That's pretty hefty. And let's break this one down. And how many of you have used the Coinbase crypto exchange before? Let me know in the comments below. Here we go. Blockchain intelligence platform ARKAM recently identified the crypto exchange Coinbase holds almost one million Bitcoin in its wallets like, whoa, the coins are worth more than twenty five billion dollars at the current prices. Now, according to ARKAM, the exchanges holdings amount to almost five percent of all the existing Bitcoin. ARKAM said Coinbase holds a total of nine hundred forty seven thousand seven hundred and fifty five BTC. And at the moment, Bitcoin circulating supply is around nineteen million four hundred ninety three thousand five hundred thirty seven, according to coin info on CoinGecko. And as ARKAM shared here on X, ARKAM now identified twenty five billion of Bitcoin's Coinbase reserves with one million, approximately Bitcoin on chain. This makes Coinbase the largest Bitcoin entity in the world on ARKAM, with almost five percent of all the Bitcoin in existence, almost as much as Satoshi Nakamoto. Crazy, right? Furthermore, ARKAM noted that it has tagged and identified thirty six million Bitcoin deposits and holding addresses used by the exchange. And according to ARKAM, Coinbase's largest cold wallet holds around ten thousand BTC. And based on the exchanges financial reports, the intelligence company believes that Coinbase has more Bitcoin than are yet labeled and could not be identified. And while Coinbase holds over twenty five billion worth of Bitcoin in its wallets, the exchange only owns around ten thousand of all the Bitcoin in which it holds, which is roughly two hundred million dollars, according to the recent data. Meanwhile, community members express varying reactions to the news about the amount of Bitcoin on the centralized exchange in which they hold. Some believe it's a sign to withdraw their Bitcoin from the exchanges, warning hodlers not to wait until the exchanges start to halt withdrawals. Others say that since there are legitimate concerns over cold wallets, there is no good way to store your assets. I'd like to chime in real quick. Obviously, if it's not your keys, it's not your coins. So while a custodian such as Coinbase can hold your crypto, you've got to also note that it's not yours. So if something were to happen, hypothetically, like we've seen with FTX and the collapse last year, then not your keys, not your coins, they don't belong to you at the end of the day. So you've got to start to weigh the risk reward with having a custodian such as Coinbase or a centralized exchange hold your coins versus taking the responsibility for yourself and learning how to self custody your own crypto and call storage such as with a Bitcoin cold wallet, such as a treasure. So I just wanted to point that out. There's no right or wrong way to hold your crypto. You've got to do what's in your best interest, of course. So, you know, I mean, just want to keep it real at the end of the day. So check it when it comes to Bitcoin ownership by companies, business intelligence for MicroStrategy still owns most Bitcoin. I believe it's over one hundred and fifty two thousand eight hundred BTC, to be exact, worth over four billion dollars at the time of this recording, making them the largest publicly traded company to have Bitcoin on their balance sheet. Now, another major company that controls over six hundred thousand BTC is Grayscale in their GBTC product, the Grayscale Bitcoin Trust, which they just recently had a lawsuit against the SEC with the plan to convert their trust into a spot Bitcoin ETF. So considering they already control the underlying asset in the sum of over six hundred thousand BTC makes them a pretty strong contender. Wouldn't you agree? Let me know your thoughts, fam. And now let's break down our next story of the day and discuss the Bitcoin price likely to catapult along with the altcoin to coin to SkyBridge Capital, Anthony Scaramucci. Let's break this down. Shout out to the Mooch, SkyBridge Capital founder Scaramucci is detailing how one catalyst could have a bullish impact on Bitcoin, as well as the alt. In an interview with the Wolf of Wall Street, Scott Melker Scaramucci says that a spot Bitcoin ETF could be approved in the first quarter of twenty twenty four, which seems to be a ninety five percent likelihood, according to top ETF analyst at Bloomberg, Eric Balchunes. So according to SkyBridge Capital founder, the approval of the spot Bitcoin ETF and the Bitcoin halving, which is expected to occur in April of twenty twenty four, could combine to ignite a crypto bull market. No, it's not. It could combine. It will combine. Just saying. Quitting him here as Wall Street or products on Wall Street are sold, they are not bought. And so there is going to be tens of thousands, if not one hundred thousand plus people at these Wall Street firms selling these products to their traditional investors. So people that are in Bitcoin understand the finite supply of Bitcoin, right? We all know there's a finite limited supply, 21 million, and they understand the nature and the quality the Bitcoin has. This will push Bitcoin up. Of course, it will have a dramatically positive effect on the altcoin market because it will lead to more capital into digital properties so people can think whatever they want. They can think short term about the near term volatility of Bitcoin. But these macro positive factors are overwhelming. And according to Scaramucci, the potential approval of a spot Bitcoin ETF filed by giant asset managers such as BlackRock, who controls over 10 trillion in assets under management and Fidelity, that controls over four and a half trillion in assets under management, can see Bitcoin increasing its market cap by roughly 24 times from the current level. We'll send it. Let's go quoting the Mooch here. It is important that now the largest asset manager in the world who started out with some level of skepticism related to digital assets and Bitcoin is now willing to adopt Bitcoin. I mean, I guess they mean BlackRock is willing to adopt Bitcoin, but even more important than that, they're willing to explain to their clients. I think BlackRock now has 13 trillion dollars in assets under management. So for them, seven trillion for Fidelity. While these numbers are higher than I even imagine, while their clients need exposure to digital property like Bitcoin. And so we have a five hundred billion dollar plus market for Bitcoin. So you and I know gold is at 12 trillion ish, depending on where it's trading. But yes, 12 trillion. There is no reason why Bitcoin couldn't get gold. So there you have it. And to watch this video interview he did with Scott Melker entitled 37000 Bitcoin. Can it skyrocket 35 percent? Check the show notes below the video in the description. And I think we all could agree it's only a matter of time before Bitcoin returns to price discovery mode, virtually meaning entering new all time highs. My personal prediction is sometime in 2024, considering the two biggest catalysts, which we just covered, the Bitcoin halving and Bitcoin ETF approval, which we know is going to be a given, especially considering the SEC is not going to be able to push it back and push back that deadline any longer because, you know, they just they have been pushing it back now for 10 years while they continue to approve futures ETFs, which can allow them to spoof and manipulate the market, which is all by design. At the end of the day, there's not new under the sun and three things cannot be long hidden. The sun, the moon and the truth. But just saying. Anyways, fam, now let's discuss the ongoing fight against CZ, the finance CEO with this 250 million dollar loan. And then I'll be breaking down his 10 million dollar price prediction and in fact sharing a transcription of him claiming that Bitcoin can thousand X from the current price, which would ultimately mean not 10 million, but we're talking twenty six to twenty seven million dollars per coin. Let's break this down. So here we go. First, with the FUD, the Binance CEO, CZ Shangping Zhao had refuted a recent report alleging that he received the 250 million dollar loan from BAM Management, the company that serves as the holding entity for Binance US. Now, how many of you have used Binance US or Binance before as the exchange? Let me know, fam. The development comes amidst Binance's struggles with plunging trading volume as the world's largest crypto exchange faces mounting lawsuits and increased scrutiny, regulatory which seems to all be by design by the SEC and the regulators. Right. The report published by Decrypt September 19th drew its conclusions from court documents associated with the ongoing lawsuit involving Binance and the United States. SEC, according to the news agency's interpretation, the Binance US legal representatives asserted in the documents that BAM Management US Holdings had issued a quarter billion dollar convertible note to CZ back in December. CZ, however, challenged the accuracy of the report when he tweeted the following. The amount of wrong information is just they got the direction wrong. I loaned 250 million dollars to BAM a while back, not the other way around, and have not taken it back. The Binance CEO clarified that the loan arrangement was, in fact, the opposite of what was reported in the post. The exec explained that he had extended a 250 million dollar loan to BAM Management and asserted that he had not yet received the payment. So there's nothing new under the sun. Just more FUD, it seems like, fam. The legal battle has taken a toll on Binance US, which saw a flurry of employee departures. The US SEC alleged that Binance was not cooperating in the ongoing probe and even claimed that BAM refused to make essential witnesses available for deposition. Concerns were also raised on CEFFU, which happens to be a custody service offered by Binance's international arm, Binance Holdings Ltd. The SEC's filing claimed that the platform appeared to be in violation of a previous agreement designed to prevent the transfer of the assets abroad. And despite the scathing attacks by the financial regulator, Binance scored a small win this week. The SEC's motion to approve an inspection into Binance US was denied by the USDC District Judge, Zia Farokhia. So there you have it. I mean, the ongoing FUD will more than likely continue, as obviously Binance is the largest crypto exchange in the world and regulators seem to have a problem with them and want to go after them for whatever apparent reason. So, like I said, hopefully in the end, you know, truth is revealed and the real story versus all the FUD and, you know, the manipulation of the price action and all the shenanigans we continue to witness in the market. And with that being shared, now let's dive into the Binance CEO, CZ and his 10 million dollar price prediction, as well as him predicting that Bitcoin price action could even a thousand X from here, sending the Bitcoin price parabolic to 26 or even 27 million dollars per coin. Let's break this baby down, shall we? Here we go. JV, have you ever heard of him? A crypto YouTube influencer from Crypto News Alerts remembered CZ's prediction. You're damn right I did. The Bitcoin would reach 10 million per coin. JV referred to the statement in a recent video uploaded on YouTube where he analyzes various aspects of the Bitcoin market development. Now, JV looked back at CZ's Bitcoin prediction while analyzing the Bitcoin CEO's recent Twitter comments. And in a Q &A session on July 5th, CZ addressed several issues, including Binance's reaction to the ongoing regulatory scrutiny. He also spoke about the rising interest of institutional investors in crypto currencies, as well as the proposed BlackRock spot Bitcoin ETF. CZ made the 10 million dollar price prediction back in 2021. In fact, I have the article already pulled up and I'm going to be reading word for word what he shared. Following MicroStrategy's announcement, allocating Bitcoin for the corporate strategy, CZ based his analysis on the possibility of several corporate companies, major institutions across the world, allocating just one percent of their corporate treasury into Bitcoin. And according to CZ, that would lead to a thousand X growth in the value of BTC. JV highlighted CZ's welcoming approach to institutional investors in the Bitcoin ecosystem, and CZ noted that advantages in traditional finance firms they bring to the crypto industry, despite concerns about their intentions clashing with Bitcoin's decentralized nature. And according to JV, CZ identified two key factors driving Binance's strategy for the next 18 months. They include the upcoming Bitcoin halving event now less than six months out, as well as, you know, we could be seeing a Bitcoin ETF here in the near future. The Bitcoin community expects the next halving to occur in April of 2024. Now quoting CZ word for word from the initial interview he made on Bloomberg Radio predicting a potential 1000 X increase in the Bitcoin price action. So here's what he had to say. Right now, I think only 11 companies again, this is right around the time that MicroStrategy announced putting Bitcoin on its balance sheet. They announced having allocating some talking about Bitcoin, like usually less than one percent of their corporate treasury to Bitcoin. And we think that it is most likely what caused the initial price rise. I think MicroStrategy's Michael Saylor started it first, but there are six hundred and fifty thousand companies in the world, like relatively established companies in the world, and their treasury is huge. Preach. So if all of them talking about these major institutions only allocated just one percent to Bitcoin, we are going to see, I don't know, 1000 X more growth in the Bitcoin price. And if they allocate more than one percent, then it's going to be even bigger. So I think people don't quite get the magnitude of the wave that is about to hit us. Now, let's run that math one more time. Fam, today's price is roughly twenty six thousand five hundred times that by one thousand. He's talking about a twenty six and a half million dollar Bitcoin price action. The potential if they only put one percent of their strategic reserves into Bitcoin, you do the math. If it's five X and five percent, what are we talking? One hundred and twenty million dollar Bitcoin price. Just saying this is coming from CZ, the world's richest man in crypto. So very powerful words indeed. Let's get back to this prediction of what he shared. So the finance CEO estimates that the flagship crypto can go up anywhere from nineteen hundred percent to twenty thousand percent from the current price levels from the time he made the prediction. And he goes on to share with price predictions. It is really, really difficult. I think it can go to, I don't know, one million dollars, ten million dollars. It is very hard to tell. And again, if we literally did a thousand X from today's price, we're talking twenty six and a half million per BTZ. So CZ also reveals that the exchange is onboarding new users as an at an unprecedented sustained rate during the bull run, outpacing its user growth during the twenty seventeen bull run. So again, this was during the twenty twenty one bull run. Here's what he had to share. Just to give people the idea, in twenty seventeen, when Bitcoin hit the peak of about 20 G's, we were seeing three hundred thousand new registered users per day. And that only happened for a couple of days. And that kind of trailed off and became slower. Now we're seeing sustained new user registrations above the peak and sustained like for over two to three months. So could you imagine running the world's largest crypto exchange and having over three hundred thousand new registered users every single day for like 90 days straight? That is insanity. And that's the previous market. I think twenty twenty four is likely going to outpace the previous market as Bitcoin becomes a common household name and as Bitcoin game theory continues in full effect. You have presidential candidates making Bitcoin a big determining factor. We have people like Ron DeSantis, Kennedy Jr., Javier Malay over in Argentina. So naturally, it's just going to create more commotion and positive catalysts for Bitcoin as we move forward into twenty twenty four. So, I mean, fireworks are ahead. Let me know how you feel. We're likely to finish out this year by December of twenty twenty three. Where do you feel the Bitcoin price action is likely to be? And don't forget to check out CryptoNewsAlerts .net for the full premium experience with video and to participate in the live Q &A. And I look forward to seeing you on tomorrow's episode. HODL.
Monitor Show 16:00 09-22-2023 16:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context, and context changes everything. Go to Bloomberg .com to get context. If you're looking at the S &P 500 in particular on a quarterly basis, it's on pace for its first quarterly loss actually in a year, so next week will be the final week in the third quarter. Yeah, we should point out, of course, for the S &P 500, a down week to be sure, in fact, setting up here for what looks like it's going to be the worst week that we've seen in quite some time, erasing all of the gains for the month of September, erasing all of the gains that it had in the month of August, and erasing all of the gains that it had in the month of July. So this is a market that effectively has gone nowhere since that phenomenal run through the first six months, and now here on this Friday afternoon, here on September 22nd, the S &P 500 posting its worst weekly decline since March 10th, a two -tenths of a percent decline on the day, about a three percent decline on the week, the Dow Jones Industrial average down three -tenths of a percent here on the day, while the NASDAQ composite is going to finish fractionally lower by about a tenth of a percent, and the Russell 2000, that was your relative laggard here on the day, down three -tenths of a percent, setting up for what looks like it's going to be the fifth straight week of declines. Yeah, a little perspective in terms of where we are in 2023, you've still got a NASDAQ 100 that's up 34 percent, an S &P that's up about 12 percent, it is really the small -cap universe that continues to lag, Katie. It's just up, what, about, I don't know, eight -tenths of a percent here on the year. And if you take a look under the hood of some of these indexes, and you take a look in particular at the industry groups, there's a lot of red, there's not a lot of green for this Friday. You can see up at the top, you do have some of the chip makers, the semis, getting a little bit of love up by one percent or so. Then some of those tech hardware names also managing to stay green.
A highlight from Europe's Anti-Bitcoin Bill Reveals Plan to Stop Adoption | EP 829
"It's all going to zero against bitcoin it's going up for ever more you're against bitcoin you're against freedom yo welcome to simp with bitcoin live we're the number one source for the peaceful bitcoin revolution we will be your guide through the separation of money and state speaking of the separation of money and state interesting news coming out of Europe kind of not as bad as the proposed bill by Elizabeth Warren that we covered on one of simply bitcoins simply bitcoin lives episode this week but it's something very similar right this idea that every single transaction needs to be KY seed right and then I think that will inevitably lead to the any host unhosted wallet needs to be KY seed all right the the wording specifically in the Elizabeth Warren bill included any minor any validator any software wallet so you know it's just of course the powers that be that tremendously benefit from having a monopoly on the creation of money having controls on money of course to benefit themselves of course they're not going to be okay with this and this was the theory that was originally you know put out back in the 90s in the book the sovereign individual I'm going to read you guys a passage from that book because I think it correctly predicted exactly the reactions from governments I don't think governments have been able to they're not used to this environment where they have competition and most importantly not only do they have competition but they can't shut down the competition right because we remember we saw Facebook try to launch their own you know digital currency and they got shut down real quick the thing with Bitcoin right and Bitcoin only right because aetherium is inherently centralized meaning it will inevitably be co -opted so they have no choice but to ally with the state and they were in order to survive but with Bitcoin can't be stopped and because it can't be stopped it creates a forcing function in the long term as more and more individuals choose to opt out of inflationary money into deflationary money so yes of course times are changing but it's not only on the money front right we're not only living through the disintermediation of money but we're also living through the disintermediation of information and yesterday was a historic day I've never seen this in my life the UK Parliament sent Russell Brand an extremely popular independent content creator a letter to rumble we love rumble by the way we're on there subscribe to us on there and shout out to our rumble audience as well it's been growing by the day so we appreciate you all they sent a letter to rumble asking rumble to demonetize Russell Brand like YouTube did so we have governments that are directly asking platforms to demonetize content creators of which they don't did they don't agree with that is absolutely absurd and these are the same governments that want you to trust them with central bank digital currencies if they had central bank digital currencies in place they wouldn't even have to ask the platforms they could just flick the switch themselves so when we say Bitcoin or slavery or how beauty on said it and I'm starting to lean this way to Bitcoin or death we are not exaggerating and you have to choose what world do you want to live in in the future and most importantly what world do you want the future generations your children your children's children to live in so it's gonna be a great episode I'm really looking forward to it you have to stay on top of what's going on anyways we also we also have a very special treat for you guys we have the head of customer experience from foundation devices the maker of the passport hardware wallet and he's gonna do a live demo for us during the culture cement segment so I'm really really pumped about that let me bring up let me bring him up on stage Bitcoin Q &A you're quite well known on Bitcoin Twitter as well how you doing buddy yeah doing very well thank you very much for having me I'm psyched to shoot the shit with you guys this evening well even in my time but yeah certainly some interesting goings on especially around the Russell brand thing so I'm sure we'll be able to share some insights on that one but not a good look yeah I completely agree man it's it's some some interesting times we are living through people some people call it the fourth turning I don't know man but the phrase that sticks with me the most is weak men create hard times hard times create strong men strong strong men create good times we're definitely going through this era and then I think it was actually Vladimir Lenin that said the very very famous quote right where there are decades that nothing happened and then there are weeks that decades happen I think we're definitely living through this moment of time anyways no more delay let's bring up my legendary co -host not optimistic today no smile oh there's this smile sorry I was caught reading the channels optimistic fields how you doing bro well I am doing wonderful and I'm actually really excited for this culture segment today guys I got a sneak peek of the demo that we're going to see and I think there's gonna be awesome this might be a simply Bitcoin first for the live show but to the news stories and stuff it really just goes to show that if you speak the truth you are the enemy of the state and I think more and more and more people are waking up to this because they either continue to de -platform you from your banks or de -platform you from social media for saying what they don't want to be said you know for saying the quiet part out loud and you know this is why we do our show in a very particular way so that we can survive on YouTube but man it really just goes to show that the powers that be are completely terrified of people talking about the truth hence why you guys need to talk about it more and continue to spread that signal but it just goes to show that this is the the last I don't know the last gasp of the great Leviathan you know what's them saying like darker before the dawn like this is their last grasping at straws to control the truth and and I mean I've been saying for a while I think the monopoly on truth is slowly and dwindling they're going to try to make examples of this so you know just be prepared we know what's coming so protect yourselves protect your family and continue to spread the Bitcoin truth the Bitcoin signal actually just truth with a capital T I suppose anyways Niko let's let's get into this one let's get into this one let's get into the show man I'm really really excited alright guys let's get to the numbers we have a lot to talk about today and I'm super is your Bitcoin in cold storage really secure is your seed phrase really secure stamp seeds do -it -yourself kit has everything you need to hammer your seed words into commercial grade titanium plates instead of just writing them on paper don't store your generational wealth on paper papers prone to water damage fire damage you want to put your generational wealth on one of the strongest metals on planet earth titanium your words are actually stamped into this metal plate with this hammer and these letter stamps and once your words are in they aren't going anywhere no risk of the plate breaking apart and pieces falling everywhere titanium stamped seeds will survive nearly triple the heat produced by a house fire they're also crush proof waterproof non -corrosive and time proof all things that paper is not allowing you to huddle your Bitcoin with peace of mind for the long haul stamp your seed on stamp seed alright guys I literally made it super easy for you guys you can scan the QR code on your screen it will take you directly to stamp seed website you can get you could store your generational wealth on titanium so you don't have to explain to your children why you lost your Bitcoin because you stored it on paper you can use promo code simply get 15 % off anything on the stamp seed website at the time of recording the Bitcoin price is twenty six thousand five hundred and seventy sats per dollar three thousand seven hundred sixty four block height eight hundred eight thousand seven hundred twenty nine blocks to having thirty one thousand two hundred seventy one having estimate April 21st 2024 total lightning network capacity four thousand eight hundred fifty five Bitcoin capacity value one hundred twenty nine million US dollars realized monetary inflation one point seven five percent the market capitalization of Bitcoin currently sitting at five hundred and seventeen billion dollars Bitcoin versus gold market cap four point zero one percent in the grand scheme of things Bitcoin is still a baby if Bitcoin reaches not if when Bitcoin reaches the gold market cap that is five hundred thousand dollars per coin and I think that's just getting started anyways we played you guys a video yesterday of a member of the United Nations talking about how we are in an information war we played you guys the video and she was basically recommending that that that they no longer have people to call on on Twitter to censor information she was also saying how there's an army of people that are propagating United Nations approved information well you know she's she's talking about as if the information that's coming out of the United Nations is a matter of fact right she's talking about the problem of disinformation disinformation well my question to you guys is who gets to decide what is disinformation and what is information right well we advocate for on simply Bitcoin is individuals not central planners not governments using their own critical thinking abilities right to dictate okay this is a good idea this is a bad idea right this is how the American this how the American Constitution it's literally written like that that there's a reason that the First Amendment is the way it is right the government or Congress should make no law you know basically censoring or stopping the freedom of the speech of people right and they made it that way for a reason because if there is a central authority if there's a government that gets to dictate what information is true what information is not true history has shown that they'll use that power to protect their own political mode right so thank God for the internet thank God for technologies like Bitcoin thank God for technologies like Noster for example they can't do this anymore and because they're not able to do that they're freaking out number one and number two and number two it becomes a forcing function over a long period of time but that doesn't stop them from trying here is the former New Zealand Prime Minister at the United Nations saying that that words are weapons of war right weapons of war if so if you say something against the government that all of a sudden becomes a weapon of war and again this has escalated it is escalated to the point where the UK Parliament has asked rumble to demonetize Russell Brand who's a very popular content creator who goes against the legacy corporate media's narratives right and it kind of embarrasses them so what are they doing they're attacking his money they're saying rumble okay they can't they've tried to deplatform people before they've gotten a lot of pushback so what they do instead is that they attack his pocketbook obviously YouTube complied they demonetize Russell Brand's content but rumble said no we're not doing that so love that of rumble we're on rumble we support rumble that's awesome but another thing that I want to say is that the allegations against rubble Russell Brand are just that they are allegations they have not been proven so something that has not been proven is a justification to shut off someone's living that is insane anyways let's check out this letter and this is a letter by part by the UK Parliament the specifically the cultural culture media and sport committee to the CEO of rumble Chris Palavoski who says dear Chris I'm writing concerning the serious allegations regarding Russell Brand in the context of of his being a content provider on rumble for more than 1 .4 million followers the cultural the culture media and sports committee is raising questions with the broadcasters and production companies who previously employed mr. brand to examine both the culture of the industry in the past and whether that culture still prevails today however we are also looking at his use of social media including on rumble where he issued his preemptive response to the accusations made against him by the Sunday Times and Channel 4 his dispatches while we recognize that rumble is not the creator of the content published published by mr. brand we are concerned that he may be able to profit from his content on the platform did you hear what they said the government is concerned that Russell Brand might be able to profit from his content because there was some allegations made against him conveniently a lot of Russell Brand's content is criticisms of the government so I mean big coincidence I guess you would you could say we would be grateful if you could confirm whether mr. brand is able to monetize his content including his videos relating to the serious accusations against him is so we would like to know whether rumble intends to join ryu tube in suspending mr. brand's ability to earn money on the platform we would also like to know what rumble is doing to ensure that creators are not able to use the platform to undermine to undermine the welfare of victims of inappropriate and potential potentially illegal behavior so they asked rumble to demonetize a content creator an independent content creator that's the key word when we had Parker Lewis on the show and I was talking about the legacy corporate media he didn't say no Nico it's not the legacy corporate media it's the legacy government media so anyways why is this happening I think Jeff Booth said this perfectly we read this to you guys the other day and this all boils down to the money this is why we say as Bitcoiners fix the money fix the world here's Jeff Booth he says because broken money Elon Musk said how did most of the legacy media go from superheroes of free speech to supervillains of speech suppression and Jeff Booth says because broken money ensures the centralization of power by stealing the productivity through inflation that should flow to society in the form of lower prices then those enriched by that theft and subsequent power must control the messaging to keep it but it all it wasn't only Jeff Booth that said this here's an article from our friends over at Bitcoin magazine of nine Bukele the president of the country shining on the hill the Savior El Salvador the first country that made Bitcoin legal tender the beachhead for the Bitcoin movement around the world he goes on to say the most vocal detractors the ones who are afraid and pressuring us to reverse our decision are the world's most powerful elites and the people who work or benefit from them they used to own everything and in a way they still do the media the banks the NGOs international organizations and almost all the governments and corporations in the world and with that of course they own the armies the loans the money supply the credit ratings the narrative the propaganda the factories of food supply they control international trade and international law but their most powerful weapon is their control of the truth and they're willing to fight lie smear destroy confiscate print and do whatever it takes to maintain and increase their control over the truth and everything and everyone I think come from Nico or simply Bitcoin that came from the president of El Salvador name Bukele so what is happening here two things are happening here thing number one the internet has empowered individuals and those individuals can now use the internet to uh to grow these massive platforms themselves and because they're individuals they're a lot harder to co -opt and at the same time we are witnessing the distance remediation of money that internet has allowed Bitcoin and Bitcoin has empowered individuals to choose their own money too so government states NGOs international institutions right that have had this privilege of having not only having the monopoly in the control over money but also the monopoly in the control over information it's quickly diminishing in front of their eyes and of course that system is fighting back they can't take that they've been used to operating in a system where they've been able to control the narrative they've been able to control the truth and that is slipping through their fingers and they don't know what to do and that's why they're short -circuiting the way they are that's why we've gotten to a point where the UK Parliament is literally asking a platform to D monetize an independent content creator not to mention all the stuff that was revealed during the Twitter files where it was exposed that the US government even though that is explicitly against the US Constitution the government should not be censoring speech was asking Twitter to D platform D boost and censor certain speech and these are the same governments that also want you to trust them with central bank digital currencies and they expect you to believe that they're not going to use central bank digital currencies as a weapon as a forcing function in order to control your actions as a individual and this was all predicted I might add in the book the sovereign individual which we'll get to during the new segment but this is some crazy times now what can you do to protect yourself in this particular situation do your own research pick what information sources you choose you you want to choose I love Twitter because it's like a news aggregator and the the news that you know pops up pops up Noster is a great platform rumbles a great platform YouTube is is good to do your own research don't rely on a single information source and then most importantly the most empowering thing you could do is to opt out of state money opt into Bitcoin I think that's the most powerful thing you could do look the most important the most important vote you can make that voting for a Democrat or Republican it's not to say that it's not important to vote but the most powerful vote that you can do that will actually change things is voting with your wallet opt out and the way that you do that is you buy Bitcoin earn Bitcoin mine Bitcoin and take that said Bitcoin into self custody the moment you do that you're part of the peaceful Bitcoin revolution whether you are aware of it or not and that is how we win if enough people take self custody we win and there's nothing they could do about it speaking of self custody we have the head of customer experience with us today Bitcoin QA and you guys make it super fucking easy to take self custody with the hardware wallet that you guys make and not to mention the awesome application that you guys make so Bitcoin QA what's your take on this whole Russell brand stuff I can't believe we've reached this point if I would have been told this five five six years ago I would have said that's impossible there's no way that's that that's so ridiculous what's your take on all this yeah before I enter you I've just got to say that was one hell of a fucking monologue I take my half to you that was fantastic yeah kudos and yeah the whole Russell brand thing man just completely shocking another example yet another example of government overreach Russell brands been a thorn in the side of the UK government if you can't tell by the action by the way to anybody's listening that I'm from the UK and he's been a thorn in their side for years and he's a very well educated man he's very well spoken and he has drawn a lot of following by speaking out against money printing against government policy he was rabid about the whole covert thing pharmaceuticals getting rich because of you know yeah you know all of the corruption that went on over those couple of years and I see this recent letter as that them seeing the opportunity as they're into trying you know get one back on him you've touched on earlier that the fact that all of these are just allegations at the moment and the fact that they're going around trying to take money off him from you know he's not been convicted of anything at all that's not see won't be but right now they're just allegations and they're trying to take his money off him it's just completely shocking and they're just trying to lash out because he's been a pain in their ass royally for years so yeah I mean they're just they're just overreaching and leveraging their powers wherever they can just to kind of deep platform and then hurt his wallet as well unfortunately yeah 100 % they attack his money they attack and again like they attack his money and they're also like hey guys these CBDCs like we'll respect your privacy you could trust us what are you talking about anyways Opti what's your take well I actually I kind of want to ask Q &A question because there is some talk about this in the chat what's your thoughts on Russell Brand being like controlled demolition Q &A whoo how do you mean like basically that this is like an orchestrated attack you know once everyone's talking about this maybe Russell Brand isn't necessarily as much of a truth speaker as people are making him out to be like does he actually believe what he's saying or is this just kind of one of those things where you know you create a figure and then you kind of tear him down to discredit the whole movement in general the whole truth movement yeah possibly I think I think most of what he says is genuine he before he started doing all of the YouTube stuff like he was he was a you know some form of a celebrity he had a big following and could have monetized himself as a product in many many other ways by coming out and being as outspoken as he has against the the prickly topics of like money printing and you know COVID etc he must have known you know he's smart enough to know that would have been incredibly divisive to people that followed him so I lean towards the fact that he's genuine and the fact that they're probably gonna try and use him as a scapegoat to warn ward off other people that kind of speak out against any government policy etc etc yeah I'd agree I mean like especially considering what his status was it's hard to follow the incentives and be like yeah he's got a lot to gain from this when in reality he's on the verge of losing everything so I'd agree with you and then just kind of going back to the beginning of this rant and and people are saying epic daily Nico Jones rant today so good job Nico I like when Nico gets get animated remember growing up guys when I grew up I had a saying and I'm sure your mother told it to you as well and we all probably said it in kindergarten you know sticks and stones but words may never hurt me and now we grow up in a world where words are violence like what is going on guys and that's a convenient it's a convenient way I know Nico I was getting there I'm asking rhetorical questions on the show now okay I'm learning some Nico Jones tactics but as we know guys as we know guys you know if you can stop words from being said then you can stop thought and if you can stop thought then you can ultimately stop behavior and this is where they're going they want to ensure that you guys sell censors so that you guys don't lose everything and this is where we are guys that they are absolutely afraid of people speaking the truth they're absolutely afraid of the average person waking up and exposing all of their lives because that's all they have they have lies and favors and they have the monopoly on truth as we think now is more important than ever to speak your minds to make sure you're having these conversations to as the saying goes you know speak truth to power and all that good stuff because there's been a constant theme throughout 2023 or actually rather since 2020 basically is that if your voice is too big and you talk against the establishment then the powers that be will do anything they can to put you back in line and whether that means you know breaking your reputation taking all your money dragging you through the court of public opinion we know what their tactics are and if you're following along closely then you know what the playbook is and it's almost like they're doing the same thing over and over and over again but I think the silver lining of this is that it seems like their playbook isn't working as well as it used to which in some sense should be absolutely terrifying because then they're going to go to even more extremes and you know I'm not gonna say what everyone's thinking but it's gonna get crazy guys and so I think it's just becoming very very clear that as an individual just even a normal person that doesn't have a platform like you want to do whatever you can in your power to protect yourself and hence why we always say that it always boils down to the money guys so protect your money protect your livelihood by taking your Bitcoin into self -custody by saving in Bitcoin and because remember guys this is always about theft they want to take your wealth and put you back in your place and then distribute it and make everyone feel good and we're seeing this happen in real time and it isn't lost on me that this is done via a letter you know it's just like hey how nefarious can a letter be but if you're reading in between the lines then you know how nefarious this letter actually is and that this is a coordinated attack on someone that's talking against the establishment and if people like Russell Brand you know say what you want about him but if people like him can't speak about the truth and they also get run through the grinder like imagine what would happen to an average individual like there's no hope for us if people of that stature can't talk about what's actually going on in the world and hence why it's so important to continue to double down on independent content creation spreading the truth talking about all this stuff because this is all we have we have the truth on our side and as the saying goes you know the truth will set us free so just just don't be afraid you know be brave but also be smart out there and the best thing you can do is just protect yourself and protect your money protect your family and I think as more people do this then the world will slowly but surely start to fix itself anyways you know amen we'll see what happens amen preach brother all right everybody let's get to the news we got a lot to talk about today let's check it out no no no no no no before we do that before we do that I have to give a shout out to our awesome sponsor Bitcoin 2024 it's gonna be the largest Bitcoin conference on planet earth it's gonna be in Nashville Tennessee it's not gonna be in Miami this year July 25th through the 27th 2024 you definitely want to get your tickets quickly before the prices go up for a GA it's 349 for an industry pass it's 849 for a whale pass it's four thousand seven hundred forty nine Opti and I are gonna be there it's gonna be awesome check out Bitcoin 2024 in Nashville Tennessee the year of the having Opti and I are gonna be there some other simply Bitcoin members are gonna be there it's gonna be awesome use promo code simply to get a 10 % discount on the already discounted tickets to Bitcoin 2024 all right now let's hit the news the daily news I want to give a shout out to our sponsor foundation devices it's self -custody done right they built a premium grade hardware wallet called passport right here in the u .s.
Monitor Show 16:00 09-19-2023 16:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context, and context changes everything. Go to Bloomberg .com to get context. Bloomberg economics, there's a lot of pessimism out there right now. Well, can I just on that point though, they also put out a note, her and one of her deputies saying that the last four recessions have all been preceded by this drumbeat of soft landings. That's what I'm saying. Yeah, you saw the same thing. Yeah, interesting report. If you have a Bloomberg terminal, I definitely urge you to check it out. The data that they put, kind of sobering here, given how much we talk about, oh, we might actually be out of the woods. We're all inclined to believe that soft landings in the cards. Yeah, absolutely. Here on this Tuesday afternoon, market's still in a bit of a holding pattern, fractional losses across the board with the Dow down about three tenths of a percent, the S &P and the NASDAQ each down about two tenths of a percent, while the Russell 2000 is going to be the narrow master if you are actually there down four tenths. I'm still hurting from that three box. I'm just going to say I'm a sensitive little gal. Hey, S &P 500, by the way, about one hundred ninety nine names to the upside, guys, a 302 to the downside. So we definitely are seeing more of a negative tone. But, you know, we're all kind of waiting for the Fed decision tomorrow. Yeah, the negative tone is really reflected in the sector performances, too. If you pull up the 24 industry groups of the S &P 500, let's start on the decliners. Retailers off by one and a quarter percent. You've got chip companies losing about nine tenths of one percent. Energy stocks down eight tenths of one percent, even though oil prices remain somewhat high at new 15 month highs. Keep in mind, energy was the best performer over the last three months. On the upside, those that are bucking the decline, insurance companies, autos and tech hardware are each up by at least half of one percent. All right. Interesting. All right. So that's your big look at the markets, the big major industry groups and face energy. Let's get to some of the individual gainers. It's number one in the S &P 500 and the.
Monitor Show 12:00 09-19-2023 12:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. Buy that? Yeah, maybe they planted trees. Yeah, okay. And then they flew here. S &P 500 off six -tenths of one percent, NASDAQ off seven -tenths of one percent, 10 -year treasury 4 .33 percent. This is Bloomberg. There's no concern out there in the market that there is room for things to deteriorate a little bit more than what they're indicating. As small and medium -sized businesses struggle, they don't present as much competition. The supply chain has still got dislocations globally and here in the U .S. This is Bloomberg Markets with Paul Sweeney and Matt Miller on Bloomberg Radio. All right, coming up in this hour, we are waiting for Ukrainian President Volodymyr Zelensky to speak at the United Nations. When he does, we will bring that to you live. We're also going to check in with Siobhan Sutton, senior investment director, sustainable impact investing research at Cambridge Associates. Talk all about that, the climate, because it is climate week. It is climate week. So we're down with that. And the Instacart IPO, eventually it's going to get priced. We're going to check in with Mandeep Singh. He's a technology analyst at Bloomberg Intelligence. Get his thoughts on this company as he compares it to some of its peers as we wait for the trading of that one. But right now, let's kick this hour off with Charlie.
Monitor Show 16:00 09-18-2023 16:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context, and context changes everything. Go to Bloomberg .com to get context. This is Thomas Martin, senior portfolio manager at Globalt Investments, and he was like four to five percent on the tenure, kind of makes sense. Yeah, a lot of people have been talking about that, particularly when you overlay it with the latest CPI data that we have, maybe this is the restrictive territory, maybe that's where we stay. The big question is can the market handle it? Not much going on today in the price action, unchanged relatively across the board, but the Dow Jones Industrial Average higher by roughly five points as we wait for these numbers to settle. The S &P higher by about three points, and the NASDAQ only higher by two. The Russell 2000, that is your relative under performer on the day, down about 13 points or seven tenths of a percent. Yeah, looking at the S &P 500, really kind of an even split, it's like investors are again ... Yeah, we didn't even need to show up to work today, Carol, we could have taken another day off. Hey, now you tell me, what's up with that, buddy? All right, when you look at volume, no surprise, I guess, that it's about 22 percent below the year -to -date average, so we are marking time as Carol put it. Let's take a look at the sector performances here. On the upside, you've got tech hardware, that's really Apple leading the way, insurance companies and energy as oil prices continue to move higher, making fresh 15 -month highs. On the downside, Tesla dragging down the auto companies by more than three percent, of course, GM and Ford also in the red, real estate investment trusts and telecom services all down by about eight tenths of one percent. All right, so let's get to some of the individual gainers. Apple was top among the names in the S &P 500 and NASDAQ 100 today, finishing with a gain of about 1 .7 percent, at its highs was up as much as two and a half percent. Mega caps, we did see in some of our write -throughs, kind of leading among the gainers today. Atlas commentary today, though, on Apple focusing on...
A highlight from 1256. $300 Billion Coming To Bitcoin ETF w/Mark Yusko
"All right, so welcome in today. We're going to be diving into topics around ETFs and also what is happening with the SEC in terms of their enforcement actions and some of the things they've been doing that could be causing a slowdown in innovation for blockchain. We'll break into all this good stuff today. I think you'll like it. My name is Paul Baron. Welcome back in to Tech Path. Joining me today is a regular guest, one that I think you guys all love, and that is Mr. Marc Usko coming in from Morgan Creek Capital. Great to have you on the show today. No, great to be with you, Paul, as always, and happy Friday. It's going to be a good one, Marc. Let's first of all get into a few things. I want to lead off the show with a tweet from James Seyfert, who is one of the Bloomberg analysts on ETFs. He does a really good breakdown. He's been on our show before. There's some dates to watch here. We've got middle of October, next major days to watch. October 16th with Global, and then also October 7th. And then you've got all these scenarios playing out right here with iShares, which of course is BlackRock. I'll zoom in on that a little bit so you guys can see it. Second deadline coming up on 10 -17, and then a slew right there on that same day. First of all, I want to get your opinion on, do you think that this October is when the SEC might actually give us an early Christmas present? Or are you just going to get pushed again? No, look, I'm 50 -50 at this point. So I do think more tricks than treats for anyone who's 10 -17 date. So any decision before that date, I think is a negative decision. I'm not sure it'll be an outright denial, but will definitely be an extension and a push. And then we come to the big dog. I believe, and I've said multiple times, that BlackRock will be the first one. I've actually been saying that for over a year. I actually might even go stronger and say, oh, that'll never happen. That would be too much corruption. Well, I'm just saying it's certainly possible. What's probably more likely is BlackRock first, and then a gap, and then some number of others. But the thing is, whoever's first is going to get the vast majority of assets. Vast majority. Well, first mover is always going to be taking. I mean, that's just like the gold ETF, kind of the same kind of scenario. Yeah. The gold ETF is an example with GLD. You had the Bitcoin futures ETF with Bitto getting 98 % and then a couple others getting like 1 % each. So that's just my belief. And I believe it's who you know in this game, not what you know. There are a lot of people who have should gotten approved. The Winklevoss twins were the first to apply. They should have gotten approved. There was no reason not to approve it other than, again, kind of the way the game is played and the people in charge want to be in charge. So any new disruptive players I think are unlikely. Cathie Wood partnered with one of our companies, portfolio Amun, to do 21 shares. That looked like a great application ding pushed out. I think Bitwise is a day ahead of iShares on 10 .16 as much as I would love it. Again, portfolio company, full disclosure. I would love for them to get approved. I just don't think it's going to happen. Again, I don't think it'll be denied. I just think they'll be pushed. And here's why I'm 50 -50, Paul, to answer the question. I think they could approve on the 17th, but I don't think they will. I think they'll push it into next year. So you push 90 days. That gets you into January. January 15th. Yeah. You could push again then into March, April. But that's it. Then you have to approve. Now, what's interesting is we have this little thing called the halving coming up in mid -April of 24. And so it would be an interesting alignment of stars. But I said, could they pull the trigger on BlackRock in a month? Yeah, they could. Yeah. All right. Well, with that and to your point, the third deadline, just so everybody can put it on your calendar out there, you've got January 15th for BlackRock and then moving in all the way into March, what we're going to discuss there. March would be an interesting timing. I think you're right, because obviously the halving right there on the cusp of that, along with maybe a little bit of lightening the load in terms of inflation, because I feel like we're going to continue to see some inflation hits through the end of the year. What is your thought on how the inflation numbers came in this week and how the Fed might react? I don't think the Fed cares about gasoline prices, quite honestly, Paul. All this little blip is gasoline prices, all of it. I think most of the other components were actually negative. And the gasoline prices are because Saudi has decided to go a different direction. We had a very hunky dory relationship with Saudi from 1973 till now. And that's clearly over, right? The big guy went over to Saudi right before the election last year and tried to get them to pump more to get oil prices down and gasoline prices down, because there's this inverse correlation between presidential popularity and gas prices. And they basically said pound sand. And so he came down, he came in and said, well, this is a convenient decision to get gasoline prices down. Guess what happened? Democrats did pretty well in the election. And because there's no way out for that now, though. I mean, there's no way. Now we have an empty SPR. And the thing is, we can't fill it up ourselves because, and again, not to get too technical, but there's, there's light sweet crude, which we produce and a number of other places, Nigeria and others produce. And then there's heavy sour crude, more sulfur content, because we cut this deal with the Saudis in the seventies, we built all of our refining inventory infrastructure, sorry, around processing heavy sour. Yeah. Well, here's the problem. If now Saudi is going to sell their heavy sour to China and Russia and other places, and we're not going to get as much of it, what are we going to do? Well, we've got to build new refineries or retrofit the refiner. It turns out no one wants a new refinery in their backyard. Yeah. I think I'm right. It's been like 30 years since we built a refinery. It turns out they spit out, you know, pollutants and things like that. So nobody really wants one around. We all like driving cars by the way. And and living our lives and, you know, Oh, well, you know, we can, we can stop using oil. No, we can't. Nothing you do every, I mean, everything you do every day, the vast majority of it is powered by oil and gas, the vast majority. And yeah, you say you could get an electric car, but where'd the steel in that car come from? Did they make a little electricity? No. How about the plastics? Nope. Oil. So it's just, it's kind of comical when I hear we're going to, you know, outlaw fossil fuels, but back to the inflation number I think this might not be temporary in the sense that Saudi announced, they're going to do a voluntary cut. Why? Cause they're just sticking the knife in a little bit deeper because they're like, all right guys, you said you were going to refill the SPR. You didn't do it. Oil prices were all the way down in the sixties. Could have easily done it for sure. Now oil prices are in the nineties. Yeah. We're going to hit a hundred bucks a barrel for sure. How does this, okay. So when you look at that Mark and you look at an election year coming in, you've got all this pressure from the macro side, including most likely jobs market getting a lot stiffer. Companies starting to really get some pressure on. We had bankruptcies at the highest point ever. We've had a very long period of time for independent companies. This does not look like a rosy picture. Where do you think we come out of this in relationship to the timing of the havening, a Bitcoin ETF, maybe into next summer? How far into 2024 do you think this happens? So I believe the ETF will be approved sometime around year end, whether it's in early January or December, sometime in that timeframe. And I think that will pave the way for a very large influx of capital. I know you've had Eric on the show about Eunice and he does this great work, right? I mean, there's 30 trillion with a T 30 trillion. Remember 1 trillion is a dollar every second for 31 ,710 years, but 30 trillion is going to come into, or that's the total amount of money managed by RIAAs and others that is not allowed at this point for whatever silly reason to own Bitcoin. And they can't own GBTC and they can't own Bitcoin miners and they've called a timeout. Well, once there's an ETF, particularly if it's an ETF that BlackRock runs, there are going to be no excuse and they're all going to have to approve it. Their clients have been asking for it. I would say I have a family harmony account at UBS. They let me buy what I want to buy. And they're like, no. So I think all that goes away. And I think Eric's number is, let's say one 10th of 1 % comes in. That's 30 billion. Well, but wait, 30 billion on 500 billion. That's not that much. Well, no, it's not 500 billion. 400 billion of the 500 billion of Bitcoin's market cap doesn't really trade. It's either locked up like the Satoshi wallet or the Winklevoss wallet or, you know, hodlers that just said, you know, take it out of my cold, dead hands. It's only about a hundred billion that is the free float to borrow a TradFi term. And so 30 billion on 100, that will move the price. But I don't think it's going to be 10 basis points. I think it's 1%. I think you have to do 1%. As a fiduciary, if you got, you know, 50 % in equities at some of the highest valuations in history, and you got another 30 % in bonds, which have had the first two negative years in the history of the bond market, 140 years of history, two negative years, looking pretty ugly. And you got this asset that is the best performing asset again, 11 of the 14 years that Bitcoin has been alive. It's been the best performing asset of all assets. It's the best performing asset then this year. Yeah. Eric hit on his prediction about 150 billion in terms of market impact. Do you like that number or do you think that he's still like it? Well, again, I think 150 billion would be half a percent, right? Instead of 10 basis points. And it looks like he's updated his, his thoughts. I'll go further and say 1 % seems more likely that'd be 300 billion, 300 billion on a hundred billion of free float price goes up a lot, a lot, a lot. And here's the, the interesting thing, Paul, is the way halvings work is the fair value increases. So we've got a tailwind that the fair value today based on Metcalfe's law model that Tim Peterson runs and that I think is fantastic, says that the fair value is somewhere in the low fifties, 52, 53, let's just call it 50. So at the halving, fair value doubles. What do you mean, Mark? What are you talking about? Well, think about it. The miners who secure the network, their costs are fixed, mining machines and electricity. So if their block rewards, the number of rewards that they're paid to secure the network gets cut in half and the price doesn't move, then they're out of business. So there's a built in mechanism to move the price higher, which is actually really interesting because that attracts attention because there's movement. And so long story short, fair value, every halving added has a zero. So we went from a hundred to a thousand, then we went from a thousand to 10 ,000. Now we go from 10 ,000 to a hundred thousand. So a fair value is a hundred thousand and we're trading at 26. It's a pretty rapid increase to fair value, I think, as investors buy things that are below fair value. But then what happens in the post fall halving, you get this parabolic blow off top. And in the previous cycle, fair value was around 30K. We got all the way to 69. That was because there was too much leverage and too much gambling and speculating. I don't think we go 2X this time or two and a half X this time. Could we get one and a half X? Sure. That gives about 150K, something like that. Yeah. Well, that is OK. So that's very intriguing. If you're if you're estimating this could be in the 300 billion dollar area, you know, for based on, you know, just the exposure to these funds and obviously how that might play out. How do you think retail response to this? Do you think retail is going to come in like a banshee coming in on this with a lot of now what would be legitimized ETFs? How do you think they play? Again, it's I've been saying this for five years. My hashtag get off zero zero is the wrong number, right? This is a truly unique diversifying asset that must be in everyone's portfolio. Doesn't have to be your whole portfolio. I never said that. It should be at least one percent.
A highlight from THOUGHTCRIME Ep. 13 Willard Romney's Revenge? Dems Legitimizing Prostitution? Oliver The Fake?
"Hey, feeling unsure about your finances these days? You're not alone. That's why Noble Gold Investments is here to help. Just hear it straight from the people who they've helped. The Noble crew walked me through everything with no stress. With their help, I could finally sleep easy at night. And now this month, Noble Gold Investments is handing out a free 5 -ounce silver America the Beautiful coin if you qualify for an IRA. Invest in gold and silver with Noble Gold Investments. Go to noblegoldinvestments .com right now. That is noblegoldinvestments .com right now. Hey, everybody. Happy Saturday. Thought Crimes. I joined late to this because I was at our Pastor Summit. But Andrew, Blake, and Jack carry the water for the first part of the episode. Talk about Mitt Romney. Talk about the Virginia Hooker. And then we also talk about Oliver Anthony, who I call a ginger Bernie Sanders with a banjo. Thought Crimes, where we say things that you're not even allowed to think in Western society. This is your warning. I'm just warning you that, yes, there is things in this episode that are not always appropriate for homeschoolers. Email us as always freedom at charliekirk .com and get involved with Turning Point USA at tpusa .com. That is tpusa .com. Buckle up, everybody. Here we go. Charlie, what you've done is incredible here. Maybe Charlie Kirk is on the college campuses. I want you to know we are lucky to have Charlie Kirk. Charlie Kirk's running the White House, folks. I want to thank Charlie. He's an incredible guy. His spirit, his love of this country. He's done an amazing job building one of the most powerful youth organizations ever created, Turning Point USA. We will not embrace the ideas that have destroyed countries, destroyed lives, and we are going to fight for freedom on campuses across the country. That's why we are here. Ladies and gentlemen, welcome to tonight's edition, this week's edition of Thought Crime. Are you ready to commit thought crime? Because we've got a lot. Let's go around the horn. I'm not even sure because we got a lot of craziness going on right now. Our gas prices are up almost a full dollar here since last week, almost. And I was in California about a week ago. And I think are you guys hitting about six, almost $6 a gallon right now? Yeah, we are. Yeah, it's about five. How do you do it? I mean, honestly, Santa Barbara is a small town, so we don't drive a whole bunch. We don't feel it as much as probably like, you know, our Los Angeles friends. But I mean, at the end of the day, I mean, California is and actually this, this includes Arizona, Nevada, I believe, Washington and Oregon are considered the same sort of gas island. So they are as it has to do with where the oil comes from. It has to do with where they're getting refined. California has all these special additives and regulations that the refineries, these these benchmarks that refineries need to hit. So it can only come from certain refineries. So it limits the supply even more. It's a whole problem. So Charlie will be here in a little bit. He's at the Pastor Summit right now. He's dealing with some stuff. He's taking care of business on assignment, of course, for Turning Point USA, the faith coalition. But we're here. We're going to hold down the fort until Charlie returns. So shoot us your emails freedom at Charlie kirk .com. Let's get into the first topic here. This one, I think we've all talked about it, but we haven't all mentioned it together. This one, the the revenge or should we say the elegy for Willard Romney? Willard Mitt Romney has announced he's quitting the Senate total rage quit right before the 2024 election. So he's going to serve out the remainder of his term. And of course, as befits his character, he's riding off into the sunset by having the globalists at the Atlantic publish a completely obnoxious passive aggressive interview, trashing his colleagues, trashing Trump, trashing the GOP base. So what is the final word on the GOP 2012 standard bearer, the man who was the nominee for president in 2012? And, Blake, I think you actually have an excerpt from the from this article that's by McKay Coppins in the Atlantic. Oh, well, yeah, exactly, Jack. It's it's amazing. So, of course, he's everything about Romney is, you know, the supposed like, you know, politeness and decorum and all the damage that Trump does to our democracy by being always the last Boy Scout. Yeah, yeah, the last Boy Scout. So naturally, what he does is he announces he's retiring. And then, you know, in perfect timing with it, McKay Coppins has this biography that he's putting out that's, you know, all about Romney and has all these like data points in it. And he's basically just like Romney doing like a drive by shooting on other members of the Republican Party as he leaves. Let's see, like one of the lines from it. This is a summary as Axios summarizes it helpfully for us. Romney shares a unique disgust for senators Josh Hawley of Missouri and Ted Cruz of Texas, who he thought were too smart to believe Trump won the 2020 election. But, quote, put politics above the interests of liberal democracy and the Constitution. And then the even wilder one is for Senator J .D. Vance of Ohio. He says, quote, I don't know that I can disrespect someone more than J .D. Vance. That is a direct quote from Senator Romney describing Senator Vance, who he still has to, you know, share a Senate chamber with for the next year before he actually quits. But, you know, J .D., I mean, can can someone explain what what what is J .D. Vance done in his time in the Senate that's been so ill reputable? It could. Does anyone have what when he went to East Palestine and it seems it seems his crime is that went on there? I'm trying to figure this out. It seems his crime is that, you know, J .D. Vance came out of Ohio. He went to Yale, I believe it was. And then he was in finance and was, you know, and then wrote his memoir, which was very well received. And he's this up and comer on the coast. And then I guess he moved back to Ohio, started doing too many appearances on Tucker Carlson tonight. And like, according to Romney, it was like the transformation was just was just too jarring, like it was too too much of a transformation for for Mr. Romney, who himself has basically transmuted into this like Democrat, I guess. But that doesn't count. This is an interesting this is an interesting take on on all of it. And Andrew, maybe you can give us a sense of it, because what I think that Romney is really upset about here is that he's considering J .D. Vance a class a class traitor. He's calling him a class traitor and saying, look, you're allowed to make money in finance. You're allowed to make go to Yale. You're allowed to go to the great schools. But the one thing and you're certainly allowed to run for the Senate. But the one thing you're not allowed to do is actually go out to the people of your state, listen to the their interests and listen to their issues and then grow and go and try to actually represent them in the United States Senate. This I is think class traitor. I think that's really smart framing, Jack, because at some level, a lot of this is much more about vibe. It's much more about what Mitt Romney thinks is classy versus gross or respectable versus, you know, essentially untoward and beyond the pale. Right. So it's all based on his own little framework of of class structure, of decorum, those sorts of things. So it says here in this, he says he was also highly critical of Senator J .D. Vance, Republican of Ohio, who reinvented his persona to become a Trump acolyte after publishing a bestselling memoir, Hillbilly Elegy about the working class that Romney loved. So Romney loved the book. So at some level, I think it was just like, so I love this book. And how can this kind of become like a Trump bootlicker? Go ahead. Right. So I can there's there and just real quickly, it's kind of like because in the book, J .D. Vance's conclusions, I would say I don't offer this as criticism. I just say it's sort of it's an evolution on J .D. Vance's part because he sort of just says in the book, well, that that sort of that blase classic Republican line of, you know, and everybody just needs to pull themselves up by their bootstraps. I can do it. So can you. And we should cut taxes for big businesses and the one percent pays most of the income tax and that that's kind of it. And then when he went to actually run for office and started really engaging with people politically, that's when he shifted, not socially. Right. But he shifted economically to become more of a populist. Blake, what you're saying? Well, what's so telling in this article is like some of the just a little specific anecdotes that it does pick. And I almost wonder if Coppins is like subtly trolling Romney. Apparently Romney lives by himself and his family in D .C. It mentions let me get let me get the line here. It talks about his his his pad that he lives in. And it says the place had not been Romney's first choice for Washington residents when he was elected in twenty eighteen. He'd had his eye on a newly remodeled condo at the Watergate with glittering views of the Potomac. His wife, Ann, fell in love with the place, but his soon to be staffers and colleagues warned him about the commute, which, by the way, it's like a mile and a half to the Capitol. So he grudgingly chose practicality over luxury and settled for the two point four million dollar townhouse instead. And then, of course, this is not good enough for for Ann. So she never visits him when he's in D .C. So it turns into a gross bachelor pad that has it mentions there's crumbs everywhere.
Monitor Show 16:00 09-13-2023 16:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context, and context changes everything. Go to Bloomberg .com to get context. As a knee -jerk reaction when oil prices go down, they all get sold off at the same time. Energy, by the way, the best performers over the past three months. Yeah, we'll see how things shake out, and I think to Simone's point, this is kind of a market, at least right now, kind of left to its own devices, at least until next Wednesday and maybe even beyond that, so we get to the next earnings season. As for the price action today, a mixed bag with the Dow Jones Industrial Average looking like it's going to close out the day lower by about two -tenths of a percent, roughly down about 70 points. Meanwhile, the S &P 500 moving in the opposite direction, but only modestly, higher by about five points or about a tenth of a percent. The NASDAQ composite higher on the day by about three -tenths of a percent, and the Russell 2000, that's your relative underperformer of the day. It's going to close lower by about eight -tenths of a percent. Now, despite the fact that the S &P 500 did close higher by more than one -tenth of one percent, Scarlett, you actually saw fewer stocks in there advance than decline, speaks to the, of course, market cap of the mega cap tech companies that, if they're not Apple, tended to move higher today, 202 stocks in the S &P 500 moving higher, 298 today moving lower. All right, let's take a look at how the S &P 500 ended the day among its 24 industry groups. Retailers are in the lead there, up one and a half percent. That's really Amazon lifting the group as a whole. Autos and components, GM, Ford, and Tesla rising, and utilities, still that defensive bent. We saw that yesterday as well. On the downside, tech hardware, that's HP and Apple dragging that group lower. Capital goods index is really 3M in Ingersoll Rand, and then you have real estate investment trust lower by eight -tenths of one percent. All right, I got some gainers for you on the day today. JB Hunt Transportation Services, Inc. moving higher today by more than four percent.
Monitor Show 15:00 09-13-2023 15:00
"With Bloomberg, you get the story behind the story, the story behind the global birth rate, behind your EV battery's environmental impact, behind sand, yeah, sand, you get context. And context changes everything. Go to Bloomberg .com to get context. The call on this day that military funding couldn't even get a debate in the house. We could be heading for a shutdown sooner than later. On to New York now. See you then. Bloomberg Business Week starts right now. Broadcasting 24 hours a day at Bloomberg .com and the Bloomberg Business Act. This is Bloomberg Radio. This is Bloomberg Business Week. Insight from the reporters and editors who bring you America's most trusted business magazine. Plus global business finance and tech news as it happens. Bloomberg Business Week with Caro Masser and Tim Stenebeck on Bloomberg Radio. Interactive Brokers Studios in New York. We're streaming on YouTube and Bloomberg Originals. It's Wednesday, September 13th, 2023. I'm Tim Stenebeck along with my co -host Bloomberg TV correspondent Simone Foxman in for Carole Masser once again this afternoon. Simone, good to have you back with us. Glad to be back. How are you? Happy CPI day. Happy CPI day. I mean, Mark, it's kind of yawning, right? Yeah, I think that's a really good way to describe it. We're seeing small moves from stocks, bonds, the dollar. We're actually seeing the Dow down about two tenths of one percent. The S &P 500 up fractionally, the NASDAQ up by more than two tenths of one percent. I really like how Chris Zaccarelli, chief investment officer at Independent Advisor Alliance summed it up to our Bloomberg news team earlier this morning. He said, inflation is high enough to keep the Fed still in play, but not hot enough for a shift away from the quote Fed is almost done narrative. So interesting. A shrug emoji.
"one percent" Discussed on WTOP
"Fell one percent news when the plumber heating and air the plumber you trusted for decades now offers fast reliable heating and cooling services throughout washington dc and maryland we're here for you when you need heating cooling and plumbing help fast keep your life moving with same -day emergency service seven days a week from lend the plumber heating and air just go you yes hi mac kinder to deputy chief operating officer with forcepoint federal forcepoint delivers mission critical high assurance cyber security solutions specifically designed for the u s federal government whether your agency is looking to start its zero trust journey implement our update across the main solution or protect your mission critical data i'm confident forcepoint has the expertise and solutions to help learn how forcepoint can help your agency with its cyber security challenge visit forcepoint dot w t l p at four forty two got to get rid of this old backstreet boys t -shirt tell me why because it stinks boys tell me why i've washed it so many times but the odor won't tell come out me tell why no you tell me why i can't get rid of this odor have you tried new downy this and she doesn't just cover up it helps remove them wow it worked guys downy rinse and refresh removes more odor in one wash than the leading value detergent in three by laundry products hello i'm josh mckenzie with atv gov we are leading government technology provider with a proven track record of delivering secure and reliable it solutions so let's talk microsoft surface it's purpose built to protect and deliver the premium windows experience with cutting edge sem enterprise management mode surface ensures fips 201 compliance and not only meets today's security demands but evolves to meet ever -changing zero trust requirements trust atp gov is your it solutions partner to stay ahead of the curve learn e gov dot com w t o p news so supreme court has voted this week criminalize abortion in the predominantly catholic country in a unanimous decision mexico's highest court said that legal system that penalizes abortion was unconstitutional decision means women across mexico will have access to abortion without the fear of being arrested it also means government hospitals cannot refuse to perform abortions the decision was immediately hailed by mexican groups fighting for reproductive rights adrian bard cbs news mexico city now this thursday morning to the latest in the war in ukraine secretary of state entity blinkin is in keev this week making after a surprise visit scheduled to be there for two days were told part of the reason why he's there is to unveil a package of assistance apparently to help ukraine and it's a difficult fight against russia speaking of which there was a deadly a russian attack this week w t l p national security correspondent jay jay green with more on that missile strike hit a really crowded market today in constantin yvka and that's in eastern dornesk at least seventeen people are dead thirty -two were injured there may be more deaths and injuries because in speaking a little earlier with ukraine and military source uh... they said that people were still buried under rubble ukraine and president volodymyr zelinski said on his telegram application today it was just a regular market shops a pharmacy and full of people he said who did nothing wrong and that this is a significant attack because it's the deadliest in recent months in ukraine even though rushes been striking almost daily using drones rockets and missiles and interestingly enough became as secretary of state entity blinkin visited keith and this is a message i'm told as well from russia and this this is also something i'm told that security for mister blinkin and everybody else from the u .s. delegation are paying very close attention to beauty of the national security correspondent jay jay you are listening to 103 .5 w t l p dot com when there's not enough coffee in all of washington to get you going got john and michelle mornings on w t o p news w italy p news is signaling that is moving away from heavy chinese investment
"one percent" Discussed on Bloomberg Radio New York
"921 here in London. I'm Anna Edwards. We check the markets all day long here at Bloomberg. European stocks are on the back foot this morning, down by seven tenths 1 of 1 % on the stock 600 the footsie down eight -tenths of a percent the cat carrond also down eight -tenths the tetradax a little better down by four -tenths of a percent in terms of sectors only two in positive territory Germany getting a boost from autos and parts which moves higher the telecom sector also just into positive territory some news float surrounding telefonica could be to blame there all other sectors in negative territory u .s futures are pointing a little lower e -minis down a quarter of one percent nasdaq futures down by four -tenths of one percent the euro is 107 .31 so up a tenth of a percent and all of these assets seem to be moved a little bit by our interview with class cannot of the ecb who was talking about how the might markets be underestimating the need for another hike from the ecb that seems to be getting attention this morning oil prices a are little weaker after that rally on the saudi arabian news 89 38 is where we trade down by four -tenths of one percent the dollar broadly pretty flat the ten -year yield pretty flat the two -year uh down a touch at 4 four percent this morning that is your bring back business flash thank you so much anna now the u ken has arrived in keith in a show of american support we learned that in the last few minutes the surprise visit comes as ukraine's armed forces continue a grinding counter offensive against entrenched russian positions joining us now is our emea news director ross mathison great to have you on the program ross blinken's trip it comes whilst he's on route to the group of 20 summit that's taking place in india where russia's invasion of its neighbor will surely be a major topic well that's right of course it comes ahead of that important meeting in india even though vladimir putin won't be there he's sending an invite and also uh... the chinese presidency ching peng won't be at the g_-twenty sending his premier instead so get you won't that really high level dialogue about ukraine obviously at that the point of antony blinken's trip to kiev is just sort of a public display of support for ukraine perhaps sending a message just as much to ukraine's other allies as to ukraine itself there's been that sense of creeping fatigue amongst some other countries about the war about the ongoing level of literary and economic support for ukraine and and the u .s. has really been making the point quite strongly that they need to keep backing ukraine into in its counter offensive which will possibly grind on for couple a of months yet and as this war potentially drags its way towards the second year so it's really about ukraine to allies in europe and elsewhere we really need to stay backing ukraine financially early sending more equipment of course we had news yesterday the potential loss of a challenger tank from the uk so ukraine is sustaining losses on the ground here so it's about both supporting ukraine within ukraine sending that message again to some of ukraine's friends around the world yes absolutely sending that message also perhaps coming with gifts is there a likelihood of additional support either aid or military support well that's very much expected each time that the u .s secretary of state has visited uh kiev since was his fourth visit i believe he's tended to announce uh new aid and that tends to be in the form of either just straight financial aid to ukraine because they've got to keep their economy going the lights on and the government funded in all of this but also sometimes specifics around certain kinds of military kit it looks like announcement we might get during this trip is probably going to be more just on the pure financial aid funding for ukraine again to keep its economy going to keep its government functioning there is that sort of separate question about further high -level military kit for ukraine we know that we're in the process of training uh pilots ukrainian on f -16 fighter jets there's still that call from ukraine for more and kit more and we saw that sort of bubble up as a bit of a tension point at the nato summit earlier in the year but it seems like this time he's coming bearing financial aid only there's been quite a debate and concern around this ongoing counter -offensive by ukrainian forces about whether it would be successful or not the narrative on is really that the ukrainian forces are gaining an advantage here what what is the latest around what's happening in ukraine yeah we're certainly seeing signs of some progress on the ground for ukraine in their counter -offensive they've managed to make some progress in certain areas in the south and they're now trying to sort of pierce a new area in in the south in particular their focus on this is really in southern ukraine less so eastern ukraine at the moment and we're seeing that also in the in the attacks that russia is doing on an almost daily basis on sort of infrastructure in ukraine southern the grain ports around odessa and so on pretty much daily attacks by drones and so on and and that's sort of their response to the fact that ukraine seems to be making some progress in villages in the south but of course we're talking very very slow going overall and we're again seeing those signs of perhaps of tension between ukraine and even the u .s on this where the u .s is saying we're trying to give you military advice from afar ukraine saying we're trying to do this the way that we feel we need to so certainly some signs of frustration perhaps even though it seems to be some progress in ukraine that it's still moving very very slowly hmm we started this conversation ross thinking about the g20 and the fact that anthony blincoln is on his on way his there if we if we take a moment to reflect on what we're set to establish at that g20 taking i mean it's place in india and our big take story today makes the point that this is this an is attempt by india to mark the moment of its arrival if you like modi wanting to stress that there's more to the world order than just the u .s. and china but you pointed out that we're going to be without some key players so should we sort expectations as a result it's a quite delicate meeting really for for modi to be hosting because of course india's take walked a line a bit on things including russia's invasion of ukraine not outright condemning still russia like china doing some business and trade with russia and modi to seems want to have a four in both camps on this he wants to be you know part of the global south representing that alternate power bloc but also drawing closer in some measures to the u .s. because india has own its tensions with china so this complicated chess board of global power dynamics at the moment that's going to be on display there when it comes to ukraine specifically though what we'll probably see is conversation given the presence of turkey and others in india around the future of the grain deal which is completely stark as you know the exporting ukrainian grain from its port so that's probably the main topic of conversation because again countries like india and global south when they talk about inflation access to food supply that's front of mind for them so if anything that's probably going to be the main thing they're going to try and seek progress on yeah uh italy um ross thank you so much for being with us we'll continue to track this story then ahead of the g20 summit that'll take place in india with narendra modi that is our emea news director os mathison interesting we've got some reporting out of india actually suggesting that india's top diplomat is playing down the absence the of chinese president xu xingping and the russian president vladimir putin at that g20 summit uh suggesting that that's that shouldn't detract from its importance these two world leaders are skipping this gathering but uh that the indian delegation still confident that their achievements can be can be found yep absolutely uh and moment in a we'll update you on the markets the rest of our top stories then beyond politics that's coming up next this is bloomberg daybreak europe until you get inflation down you can't end the misery for families the markets are in my view overly concerned about italian banks no government should do anything or be seen to do thing which legitimizes in any way putin's actions i would not be surprised if the second we get the temperature correction in global equity markets bloomberg daybreak europe on bloomberg radio 9 30 a .m here in the city of london you're listening to bloomberg daybreak europe i'm caroline head and i'm anna words so we check the markets all day long here at bloomberg although not doing particularly well in europe your socks 600 can't be down seven tenths of one percent six day of declines although goldman sachs trashes do see value and zillions in european stocks including uh strategies like sharon bell 5100 currently down nine of one percent u .s top futures also in the red nasdaq futures down
"one percent" Discussed on Bloomberg Radio New York
"Of one percent and in sydney the a s x two hundred weaker by four tenths of one percent will take minutes it back to you with a look at global news headlines any alright thank you douglas cindy and prime minister narendra modis replaced the word india with an ancient sanskrit word uh... on the dinner reservations u s president joe biden attended the g_-twenty at this point that is a plan he's tested negative for covid u s remains committed to working with emerging markets and at the g_-twenty will show the world's powers can work together even in challenging times after two freezing incidents in the past two months senate minority leader mitch mcconnell has returned to the senate today job one keeping the government open in the face of the house right wing republicans efforts to close it hong kong's top court ordering the order in the government to establish laws recognizing same -sex partnerships representing one of the biggest victories yet for algae tq activists in hong kong and ricky tario former chair of the proud boys has been sentenced to twenty two years in prison for his role in the january sixth insurrection and the u .s department of justice has told judge a today that donald trump's daily statements about the election obstruction case in the jury poll in the nation's capital in san francisco i met baxter this is bloomberg our left sports and uh... bloomberg stand sportsman okay uh... the women have had their turn at the all -american match up and now it's the minister right yeah absolutely you are correct about that and uh... right now tendency tiafro francis and ben sheldon tied at two games apiece in that first set in a quarterfinal match when it moves on to the semis earlier it was to see novak jovovich knocking off american taylor fritz the ninth seat in straight set six one six four six four coco got the six seat elena ostapenko in straight set six love six two and it was ten c carolina muchova moving onto on the semis as well over thirtieth seat serrano sistia in straight sets alright big big news coming out of european football reports say the glazer family is not united believe all that it would be qatari billionaire sheikh yassine bin hamad altani would end up buying it somewhere in the vicinity of six billion pounds but on that news the valuation of manu on on the the stock exchange dropping by more than five hundred million pounds it's over six hundred twenty five million dollars
"one percent" Discussed on Bloomberg Radio New York
"Point one percent in fact well the dax and frankfurt stand by seven tenths all of the sectors on the stock 600 are in the it's those personal care drug and grocery stores the worst performing sector down by one point eight percent there was a downgrade as well of aholds dell hayes and which has been weighing on some of the big supermarket brands as well so that's part of the reason that sector is so far in the red we're looking at the likes of bnm for example down by six percent the worst performing share in the stock 600 at the moment but that is something that's affecting that broader sector as well interesting to look ahead to wall street futures as well today as we've got trading coming back after the labor day holiday so s &p minis our four tenths lower nasdaq features also four tenths lower the bloomberg dollar spot index though is four tenths of one percent stronger this morning that's leaving the euro trading at 107 .61 the pound four tenths weaker on cable at 73 125 worth keeping an eye too on what's been moving on the aussie dollar as well down by 1 .4 cent against the u .s. dollar after the reserve bank of australia held interest rates at its latest meeting 4 .1 percent is the cash rate they're seeing the direction change slightly on the bond markets in Europe now most of those yield trade moving not by very much in fact the 10 -year German bunch yield is at 2 .58 percent which is half a basis point higher that is your bloomberg radio business flash up next we are in search of legal trouble and cruising for bruising the paper review on bluebird daybreak news you know need to from today's papers time now for the paper review with lianne garrens on the financial times has the headline Apple and Microsoft clash with EU over gatekeeper
"one percent" Discussed on Bloomberg Radio New York
"Down by a third of one percent. FTSE 100 futures are half a percent lower. So are Cat Harris as well. That's mirroring some of the negative sentiment we've had on equity markets in Asia too. The Hang Seng down by two percent at the moment. The CSI 300 down by eight tenths of one percent. We had the weaker Caixin services PMI number for China as well causing some or adding some of that negative sentiment around on markets. We've also had the news from country guard that it did make its dollar coupon payments which there had been much focus on as it was in the grace period after having missed those payments just a couple of weeks ago. We're watching natural gas prices here in Europe as well after the news around the threat of strike action of Australian LNG facilities. That strike threat looming large now as we head towards a sort of partial action by workers later this week and what they're threatening is two weeks of rolling starting next week. Dutch natural gas TTF benchmark up by 1 .9 % this morning 34 euros 21 a megawatt hour that is far below where we were this time last year but still reflects the volatility we're continuing on to see the markets over fears of what that interruption to supply in Australia might mean for the rest of the world. on the currency markets the Aussie dollar now 1 .2 percent weaker against the US dollar after we had the RBA hold interest rates at its latest meeting holding the cash rate of 4 .1 % the Bloomberg dollar spot index is four tenths one of percent stronger the euro's three tenths weaker noting an interview by the ECB's chief economist Philip Lane offering a cautiously optimistic take on inflation saying slowing in goods and services gauges are welcome and that pressures will keep weakening he's been speaking to the Irish website the currency so the euro trading at 107 .63 against the the dollar pound also three tenths weaker 125 .83 on the bond markets we are seeing yields tick up across Europe the ten -year bond yields a basis point higher two point five nine percent the ten -year Treasury yield four basis points higher at four point two two percent that's your Bloomberg radio business flash Stephen thank you so much for that here in the UK hire for longer when it comes to UK UK interest rates mortgage affordability has crashed to levels last seen during the 2008 crisis and we also have the ONS revision in terms of the bounce back the of UK economy to think about why do I put these three things together because joining us now is Roger Lee who is head head of UK equity strategy ad investor good morning thanks so much for your time as we then look to the rest of this year the start of September you know we're back at school back in Parliament what is your view now in terms of the UK trajectory were you as surprised as the rest of us about the revision to economic growth that we saw from the ONS on Friday took a lot of people by surprise we bounce back from pandemic much more strongly than we had thought good morning and and thank you again for having me back yes it was remarkable wasn't it I mean I I was certainly surprised at it I don't recall many economists are talking that the ONS had significantly under called the GDP growth I mean it and significant it was wasn't it you know almost 2 % yeah percentage point a year now I mean to give the ONS some some benefit it was phenomenally difficult forecasting GDP growth during the pandemic and recovering from the pandemic most of the other European statistical agencies have have also had to revise growth upwards as well but it is really important I think I hope it hasn't affected foreign direct investment into the UK and and I I hope it hasn't affected inflows into UK equities though what has to suspect it might have done at the margins what does it make a difference to the view for UK assets here on out is there is going to be an investor repricing thinking well things are just bottles we thought they were I think the key in terms of UK assets going forward I'm afraid and and you know we talked about this last time is clearly monetary policy in the UK there is a very close correlation an inverse correlation between peak interest rates rates and the 250s performance which obviously is the sort of most representative UK PLC index as those peak interest rates rise the 250 falls and vice versa now if Hugh if pill you in his comments in South Africa at the end of last week that were fairly extensively reported I mean if if his view is the view of the NPC that rates have peaked then this does present a very attractive opportunity UK PLC because and the 250 in particular because the market is still looking for two additional rate rises in in the the UK 225 basis point rises by the end of the year and if they don't happen then and that should be positive for the UK and I think that's what that's what the markets hoping for I have to say the the curve didn't really react to his comments last week at all which is very interesting that you say that so you'd think that there's a possibility that there won't be those 225 basis point rate hikes I mean if if if if mr. pill I mean he is the chief economist yes he's a very senior figure on the MPC I mean if his words as reporters were what he intended to say then it would suggest that he is happy to see rates peak and now stay at this level for longer rather than I think you refer to it as the matter horn dinty of rates coming down rather more quickly if you if you extend further so if you take him at his word then the market is wrong in expecting two more rate rises now as you said as you pointed out I mean the market didn't really react to it on Friday so clearly there's some skepticism yeah he talks about it being table mounted half a longer and his words exactly sufficiently restricted for efficiently long to ensure that we have a lasting return to target but yes a very interesting Hugh pill chief economist his speech in Cape Town thank you so much for being with us Roger Lee is head of UK equity strategy at infestec up next in search of legal trouble and cruising for a bruising now the paper review on bluebird daybreak Europe the news you need to know from today's papers and the Angarins is with us for the details of those stories Leanne let's start in the financial times the headline Apple and Microsoft clash with EU over gatekeeper label for iMessage and Bing yes it Stephen that is basically what's going on so there is a bit of a fight at the moment and this is between a big tech and legislation Apple and Microsoft are battling with Brussels that some of those services are not popular enough to be gatekeepers and a new landmark EU legislation so the gatekeepers basically in a nutshell are the tech firms that will be targeted with these strict rules to ensure fair competition when the rules do come into force from March next year the dispute comes ahead of tomorrow's publication of the first list of services to be regulated by the Digital Markets Act which is designed
"one percent" Discussed on Bloomberg Radio New York
"By a tenth tenth of one percent uh... now just an even split of positive and negative sectors in europe basic resources the bass performing utilities are the worst performing to our top stories china's property developers face a cash crunch that's so big it equates to fifteen percent of the country's entire gdp plume economics is now warning that the sector is both too big to fail and too big to save with the possibility of sovereignty a crisis by the end of this year the bleak assessment comes as china's largest banks prepared to cut interest rates on existing mortgages and deposits in a bid to shore up the sagging economy dwyffel evans head of asia -pacific macro sashi at state street global markets says market participants are skeptical these little piecemeal policy shifts are probably very good in the short term for sentiment but they don't necessarily create this sort of surge in terms of the local economy so i don't think should we expect too much in terms of the underlying sort of growth impact dwyffel evans's comments on shaky investor confidence are underlined by the latest news from country garden the embattled property developer says that it's now aiming to issue more than thirty four million dollars of new shares as it tries to meet payment deadlines the u .s. commerce secretary says american businesses tell her china is increasingly becoming uninvestable speaking of during a visit to the country gina raimondo pointed to challenges including fines and ambiguity over china's new anti espionage law the former u .s. ambassador to china max baucus doesn't great i think uh... and a lot of businesses know that if they're smart if they were maintain their business relationships in in china they could probably work out a deal now is true that uh... it's the the climate in china's uh... is is makes it more difficult for u .s. but i would not say uninvestable i would just say it's the risks for a really max baucus's comments comments the u .k.'s foreign secretary james cleverly visits beijing cleverly is the most senior british politician to visit in six years and now says he wants to reset ties between the two countries s of hedge funds shorting treasury futures suggests more volatility could be ahead for the market the funds are now short on over six million ten -year note futures effectively a giant bet that yields will rise the surge in derivative positions may exacerbate volatility in the market has happened in previous cases when they were rapidly unwound us officials have unveiled their latest response to this year's bank turmoil with proposals to boost plan from the f d i c and the federal reserve aren't a sign of new stresses in the sector but an attempt to ensure lenders can be dissolved smoothly and quickly following any collapse the regulators also proposed the banks with as little as a hundred billion dollars in assets be required to issue enough long -term debt to cover capital losses
"one percent" Discussed on Bloomberg Radio New York
"Of one percent short while ago we had a strong fix from the PBOC in terms of the reference rate for the Chinese currency a friend of the program Ben Emmons was saying it's likely in response to that weak CPI data that we had yesterday because the Chinese government wants to portray the economy as not being weak by setting a stronger fix right now offshore stronger against the greenback by a tenth of one percent not much we're at 720 to 14 the reference rate was set at 715 76 so a we're ways away from that reference rate US Treasury yields very little change as we stand by for that CPI data due tomorrow morning in the u .s. 8 30 a .m. Wall Street time we've got a 10 -year Treasury at 4 .01 percent a two -year at 4 .81 percent we'll another take look at markets in 15 minutes head backsters next with a look at global news headlines Eddie all right thank you Douglas Ecuadorian presidential candidate Fernando Villa Vincencio has been assassinated six people have died more accounted for injured fill the hospitals on the west side of Maui Hawaiian Islands as a firestorm a Lahaina actually leveled a line of town flights at this point for essential personnel only in and out of the island South Korean authorities are warning the iPhone Kannon is on track to deliver an extremely powerful impact amid forecasts it will barrel up the country towards Seoul China warns Japan about statements regarding Taiwan it is looking as if prosecutors in Georgia are going to hand down a fourth indictment against Donald Trump this week meanwhile Republican Party makes moves to embrace mail in and early voting that is a 180 turnaround US President Joe
"one percent" Discussed on Bloomberg Radio New York
"Had one percent of the electorate and so there are more people that dislike donald trump and do not want him to be on a ballot then there is not and so look out i'm i'm i'm building a startup i'm running a startup right and and what do we know about startups that are successful to have a great product market fit and part of having a good product market fit is to know who your customers and who your customers aren't and and so that's what we're focused on and and i'm i'm here in new hampshire as we speak and it's about growing networks and nobody thought a black republican could win in the 72 percent latino district but i did because i showed up to places that people weren't expected and here's what people are frustrated even people that voted for donald trump twice they can i use all of these indictments and guess what they're not over right there's probably going to follow on indictments the doj is is going to put the screws to these six co -conspirators to try to get them to reveal more information you have the case in georgia there's more baggage to come and and we all know that because of this baggage we can't talk about issues right we can't talk about what's fit right in downgrading the the united states right steps or how is ai going to impact on every single industry we know that look i was on the board of open ai where the readers of chat gpt artificial intelligence is going to up in every single market not in ten years within two or three years the chinese government is trying to surpass the united states of america as a global superpower that's not my opinion that's what they say about themselves we all have the influence of de -dollarization and their attempts to that do i know but different people are on the fence but how do we make sure we prevent that these are well i love that because you know we like talking policy here on bloomberg and we always try this is uh... you know our effort with with every candidate and before i get a little bit deeper with that because i think you're pointing to a lot of the right topics that washington can't get its head around right now beginning with uh... ai my goodness if we ever see a bill on artificial intelligence uh... let's have a special about it but you know donald you see this two hours ago on uh... untruth social will hurt he writes a former republican congressman who couldn't get elected dogcatcher so he dropped out of the race constantly on fox spewing nonsense he say no wonder foxes ratings are going down the tubes uh... did your ears perk up with that happen you know when the front runners talking about you that's not a bad thing is not a bad thing you know you know you get under skin and you know i i had to remind him once he he called me and try to get me to patina get on a bill that was going to hurt uh... you know poor people in all folks it was going to take ninety billion dollars uh... outta outta outta care and medicaid and you know i had some i wasn't there and he freaks out starts yelling he's like i won your district i was like no no you didn't hillary clinton won my district and you know this notion that uh... look at the guys a bully uh... must've been fun you know it's the he's he's he's a bully he's a liar and he's only uh... running in order to stay out of prison and what's even crazier is that he's using in a hard -working americans dollars to fund his tough on his illegal bills right he's allegedly a billionaire but he can't pay his own legal bills and so this is the kind of stuff that people are are frustrated with there's a reason two -thirds of americans went neither uh... donald trump or joe biden on on the ballot and in any one of these charges and and i think the total charges right when it's is like in the seventies now uh... and and it is and it's going to be more anyone in the charges is is prison time and that means down from seventy eight years old he ain't going to be able to survive prison and so and this is what he cares about not the future of the country not the people that voted for him and definitely not not american so you can talk mass all he wants uh... but again for those who are listening if you want want to help make sure i i meet those requirements hurt for america dot com you can help me and set tell this to his well i can imagine uh... what it's like to be in this race right now uh... or to be even having this conversation in every interview that you're doing do you believe donald trump will go to prison well look at it so so that the person that uh... i don't know if you saw uh... bill bars comments about these basis right and and and bill is basically like these things are serious and and note the one i think is the most serious is is the well uh... though the one that's clear is tampering with evidence in the in the in the national security documents right right like look i'm not flying around on private planes right and and i'm i was on southwest airlines coming here to manchester and people are giving me the thumbs up and they're like hey thanks for being honest and i've been in some i've been in some some some cafes and and diners and and and and places here in new hampshire and people like hey we're glad i'm someone's someone's being honest and and look the the people i'm talking to right and and this is where and i bet you some of your listeners are only twenty three percent of americans vote in primaries that's the problem with our politics and that's split right down the middle between republican and democrats and that's why we only have elected officials speaking to the extreme edges if more people vote if that's seventy seven percent of folks that don't vote in primaries actually got involved then we would have better options in november and instead of voting for lesser the of two equals we can vote for someone that we care about and when you look at the generational defining challenges that we're facing we have some serious conversations that we need to have to ensure that this experiment called america last for another two hundred forty seven years and the only way we're going to solve these challenges is we do if it together we're better together and way more unites us and divides us and that's what the kind of leader that we need and so so that's why it's exciting to be in this race at this time to draw a short contrast between someone who has only cared about himself his entire life look I'm the only one in this race that's been shot at that people have chased or tried to blow up and that used to not be the case that to used be the the normal place but a guy like Donald Trump has ignored service and tried to get out of service and use his the silver spoon that he was born with in order to get out of those things and so I'm excited not gonna be here at this moment maybe you think he is that the purist never Trumper will hurt if you can still hear me thank you for joining today Republican presidential candidate former congressman from with Texas some very deliberate thoughts about the former president we'll see what our panel thinks about it next Joe Matthew this is Bloomberg. Bloomberg Radio on demand and in your podcast feed on the latest edition of the Bloomberg Daybreak US edition Richard Francis of Fitch ratings talked about what was behind the agency's US credit downgrade. The debt bubble has been rising rising quite significantly if you look at before the great financial crisis in 2007 debt to GDP was below 60 % now it's The 113 % is almost three times higher than the triple -a median and it's more than twice as high as the double -a median so you've had a sustained
"one percent" Discussed on Bloomberg Radio New York
"Six tenths of one percent the Nikkei in Tokyo's down by one point seven percent after another unscheduled intervention by the Bank of Japan and the bond markets there the ten -year JGB is now at two basis points higher 0 .64 percent after that latest action by the central bank there the yen is a tenth one of percent weaker on the Japanese yen spot index trading at 143 .48 and on elsewhere in Asian markets though we are seeing some strength return to the Hang Seng after the sell -off of recent days the Hang Seng is up by half of one percent this morning the CSI 300 is two -thirds of one percent higher today looking at European stock futures a mixed picture Euro stock 50 futures down a tenth of one percent FTSE 100 features are a tenth of one percent higher CAC and DAX features both down by a quarter of one percent S &P e -minis are flat on Wall Street and the ten -year Treasury yields is at 4 .13 percent up five basis points now to our top stories the CEO of the UK's largest renewable electricity company says that the government needs to reassure markets of its green It comes after Prime Minister Rishi Sunak committed to granting hundreds of new fossil fuel drilling The SSE CEO Anna Sir Phillips Davies told the Bloomberg UK politics podcast that green depends investment on the government's words is for them to reassure markets and make sure that there is a clear commitment to creating the industries that we've started creating so successfully in the UK Phillips Davies will oversee Dogger Bank going online today this is the UK's largest offshore wind farm which will power seven percent of the national grid when fully operational. More from that interview in just a moment. The Bank of England is expected to raise rates again later with the inflation recent slowdown giving policymakers the scope to scale back the size of rate hikes. Economists and investors are anticipating the benchmark lending rate will go up by at least a quarter point to five and a quarter percent but HSBC's global chief economist Janet Henry says they are sticking with the view that the central bank will hike by 50 basis points. Everyone got terribly excited by that last inflation release the fact that for the first time in five months UK inflation finally surprised on the downside but core inflation is still at 6 .9 % and we know that the economy is quite weak. housing The market has been softening. Private sector confidence is quite weak but the wage numbers are simply too high. They are still above 7 % and it's still that persistence side so that's why we're still sticking with our long -held view that it's 50 basis points. Janet Henry's hawkish view comes as the latest inflation and unemployment data showed easing pressure on prices will bring you the decision live here in Bloomberg at 12 London time with a press conference led by Governor Andrew Bailey a half hour later. Two former US Treasury secretaries have called for action to tackle the country's ballooning debt burden speaking just hours after Fitch stripped America of its triple -a credit rating. Hank Paulson and Timothy Geithner shared their thoughts with David Weston on Bloomberg's Wall Street Week and Hank Paulson didn't mince his words. Our fiscal trajectory concerning is but we are a rich country and we've got time to deal with it but we need to do some things in the next few years to change that trajectory and I think that's going to be very important to do that it's going to take doing things on both the spending side and the revenue side. Paulson's successor as Treasury Chief Timothy Geithner was asked by David Weston whether it would take a crisis before Washington did address its borrowing needs he answered quote I hope not and you can get that full conversation on the Wall Street week podcast available on Apple Spotify or wherever you listen. JP Morgan CEO Jamie Dimon says he's unhappy with plans for more stringent capital rules in the US. The comments come just days after US regulators released the long awaited proposals. Speaking to CNBC, Dimon said the measures will make mortgage and small business lending harder for banks. It's hugely disappointing. I think these rules are, are I mean I've always thought GCFI was a joke now we have operational risk capital which I think is equally bad based on models which kind of make no sense to me and if I was the Fed I'd be very careful about saying their models are perfect. Dimon went on to say that hedge funds and private equity firms are dancing in the streets over tightening regulations for banks. The proposal from regulators would require big US lenders to set aside more capital with the eight largest financial firms facing an increase of about 19%. Donald Trump is expected appear to in a Washington federal court today to face new charges that he conspired to obstruct the 2020 presidential election. This is the third criminal case against the former president as he seeks a new term in the White House. Speeds at NBC, Trump's lead lawyer John Lauro says that he believes the former president will win. They have to demonstrate beyond a reasonable doubt that number one, President Trump did not believe that all these similarities were true. And number two, that he did something to corruptly obstruct justice. And they can't that prove because everything he did was to get at the truth. John Lauro also says that he believes everything Trump did was to get at the truth. Treasuries are proving to be an increasingly effective hedge for stocks as the two move in tandem. Bond prices usually move in the opposite direction to the stock market but the two started to move in sync as the Fed raised rates aggressively.
"one percent" Discussed on Bloomberg Radio New York
"Sector, well day, that was my it's 200 take carnival, points on FedEx higher, it's Delta, all about six right well to we get American seven the closing tenths Airlines, bells thousand of a percent like here gain FedEx 378 in and even on New the change York day. in at about there, Dow Jones The S &P 49 Old Industrial right to now, Average 50 going points to right around higher finish the from 4 day where it was yesterday, a one percent gain on the day. The The composite NASDAQ higher by more than 200 points at 1 .7 percent, while the Russell 2000 is going to close out the day higher by about 1 .5 percent. All of the major indices right now are hitting what are going to be their highest levels excuse me the strongest day, I should say, going back to early June. Yeah, it does feel like some enthusiasm to say the least in the marketplace. You look at the S &P 500, look at the IMAP function on the Bloomberg, a lot of green and we're going to get into the groups in just a moment. But having said that, Matt, if I look at the S &P, you've got 414 names to the upside gaining ground on this Tuesday, 88 to the downside, one unchanged. So definitely overwhelming. Which one's your favorite one? I don't know, I have to think about that one. I like Newell Rubbermaid, like that's an old -time company, right? You and my wife. Tupperware company, right? Yeah, Tupperware. We got a lot of Tupperware at our house. All right, I'm taking a look at the groups and you can see that IT now is leading the way. It was of kind neck and neck up to the bell because Consumer Discretionary was also doing incredibly well. And Rubbermaid, as you pointed out, those a lot names. of In terms of percentage gains, we're really at the top. Royal Caribbean is Consumer Discretionary. Tesla is also in there. Pulte Group is in there. Amazon is in there. You would think that's a tech name, right? But Amazon .com is in the Consumer Discretionary Group. Of course, IT winning out at the end of the day. And I think it's interesting, Romain, you pointed this out earlier that energy wasn't a loser today, even though we saw oil prices come down. I will point out that if you looked at this GRR year to date, instead of on a one on a Monday basis, energy is clearly the biggest loser of all the groups. All right. So let's get to some of the individual gainers, if I may, in today's session. So we talked about Carnival. We've talked about the cruise lines really outperforming today. Carnival bounced back, really gaining back all of its lost ground yesterday after reported earnings. And even though they outperformed in terms of their results, investors were disappointed considering the run up that Carnival shares have had this year. But nonetheless, Carnival up 9 almost % in today's session. You had a lot of analysts also coming out increasing their price targets on the company, but the whole group was definitely having a bullish day. Let's get to Generac Holdings. This was your number two gainer in the S &P 500 just behind Carnival. That name up about 8 .8%. Texas anyone? Yeah, exactly. It's a portable generator seeing manufacturer demand for backup power jumping amid that heat wave scorching in Texas. So we just talked with somebody out of Houston saying everything seems to be working, but nonetheless, there is a lot of stress on the grid and so people are going to be tapping into their backup generator. So that one's certainly outperforming. It's up more than 40 % by the year. way this Charter Communications, don't know if you noticed, but number three gainer in the NASDAQ 100. Two -day rally of about 8 % up 5 % in today's session, heavier volume than usual. This is the White House said yesterday that it's going to allocate more than 42 billion to provide affordable and high speed internet access across the US by 2030. So we saw investors moving into that and some other names in that group. All right, I'll pick up the decliners here because Walgreens was the worst performer or in the S &P 500 lowering its full year guidance, saying that there is less demand for COVID vaccines and testing kits, which is reducing foot traffic while its transition to health care is taking longer than expected. CVS, course, which, of has moved faster than its rival to health care services, also falling in sympathy. Illumina, another big decliner, the gene sequencing company looking to cut one hundred million dollars in expenses by reducing headcount and its real estate footprint, especially at a campus in San Diego. And Thermo Fisher Scientific off by two point four percent. This is a company that makes scientific instruments and chemicals. And Barclays has its lowered price target to five hundred ninety from six hundred and ten dollars. The stock closing down two point four percent to a seven month low. Yeah, and I'll just add one more. Regeneron actually had an awful day, a worse day going back to March of 2020. And that was largely on some news across the wire just a little while ago with the FDA failing to win regulatory approval for one of its key eye medicines for macular degeneration. Let's take a quick look at what happened in the yield space because we did see a off sell there on the back of that better than expected economic data. Remember it wasn't just housing, it wasn't just consumer confidence. the Even some business of spending, the capital goods stuff actually came in a lot better than expected here. So there are a lot of signs here that maybe the economy is holding up here and that's causing a lot of shifts, not just in equities, but of course in the treasury space as well. Now in terms of managing the economy, maybe not into a recession, maybe slower growth at some point, but nonetheless keeping the economy and the momentum moving, I think we do have to watch any points data though when it comes to consumer spending because it's so important to the economy. Yeah, I mean the consumer is key, but I think a lot of the help he's getting is with the, as we were talking about, the 30 -year fixed -rate mortgage and then Torsten Slock sent out a chart today. By the way, I have a button on my Bloomberg for emails from Torsten Slock at Google Group because they're so helpful, showing that the quality of auto loans and the quality of mortgages that have been originated today and over the past year are so much better, such high quality compared to what we saw during the GFC, which is why we're not seeing the breakdown that we would have then. So regulations worked. Well, Or people, companies have learned their lessons. Yes, banks have learned their lessons. Exactly. You know, I was looking at the economic surprise index and I was talking earlier about how it's been a straight line up. It's gone up yet again because of the data dump that we got today and is now at its highest level since April
"one percent" Discussed on Bloomberg Radio New York
"Save by the scan .org is brought to you by the American Lung Association's Lung Force Initiative and the Ad Council. Markets headlines and Breaking news 24 hours a day at bloomberg .com on Bloomberg Television and the Bloomberg Business app. This is a It's 2 -21 on Wall Street. We do check markets all day long at Bloomberg with the Dow, the S &P, as and stack all lower today. In fact, stocks are on track for the worst weeks since March as anxiety Rows at central banks will have to ratchet rates higher to tamp down inflation. Treasuries led a rally in Bonds on bets of excessive tightening will bring on sharp economic downturns. Two year yield now at We've 10th percent right Two now, of got one the -year S percent. yield &P now actually 500 down at 89 4 Index The Dow down .75%, points down 172 24 for to NASDAQ, points. 43 The Dow, with that by is a the a way, 10 drop -year, .57, down of Nez five stack 3 seven .74%. down tenths tenths nine of of one one lower percent, percent. tenths by of one the Dow, Spot Gold up five dollars a ounce to 15 .19, a gain of three tenths of one percent, and West Texas Intermediate Crude Oil is down five tenths of one percent, 69 .17 a barrel. Bitcoin 31 ,027, up now by just about 2 percent. .9 Starbucks baristas at more than 150 stores across the country plan to strike over the next week in support of LGBTQ workers. Starbucks shares falling today by 2 .6 percent. I'm Charlie Pellett and that is a Bloomberg Business Flash. This is Bloomberg Sound On with Joe Matthew on
"one percent" Discussed on Bloomberg Radio New York
"Six tenths of one percent shares of food beverage and tobacco shares also seeing some small gains bottom of the basket though chemicals down by one and a half eight percent auto in parts down by six tenths and that news around lanczos being of course a big driver of the chemical story is that share is the worst performing on the stock 600 down by 16 percent today looking looking at Wall Street futures S &P even he's down by two tenths of one percent on that two -year gilt yield hanging on five point zero five 2 % so two basis points lower this morning and but only reversing some of the jump in yields that we saw up 14 basis basis point yesterday okay so those are the moves in markets now let's get to our top stories and we start with what's been driving the yield yield story on guilt Bloomberg economics now says that if it UK interest rates hit six percent it will slice two two percent of GDP a series of upside surprises on inflation and wage data have increased bets on a higher a terminal rate in recent weeks our UK correspondent Lizzie Burden says the Bank of England may feel they need to continue hiking to stop inflation becoming embedded if data do keep showing that inflation's raging more than it is going to be hard for policymakers to stop hiking so it's worrying for Rishi Sunak because not not only is his top priority to have inflation by the end of the year one of his other top five is to grow the economy Lizzie Burden also notes that Bloomberg economists aren't forecasting a terminal rate rate of six percent they're expecting rates to peak at five percent in August and a hold there until next spring new research suggests that years of under investment has left the uk with a 560 billion pound funding gap analysis by the IPPR says the UK is now at the bottom of a g7 league table for business investment their associate director for economy George Dibb says that Britain is increasingly falling behind its peers we think the UK is in serious need of industrial strategy and economic strategy even that really sets the direction of the country the last time time we were even average for business investment not exceptional but just average was 2005 the research from the IPPR is George Dibb and his colleague comes in the same day that the UK slid six places on the IMDs global competitiveness index both the US and China say talks during Secretary of State Anthony Blinken's trip to Beijing was successful but that major differences remain Bloomberg said Baxter has the story the dialogue went well enough that Blinken did meet with President Xi Jinping so communication lanes are more open but there remain differences and friction Blinken saying evening the economic playing field defending against harmful trade practices protecting and our critical technologies so that they aren't used against us and she threw a translator put in the onus on the US to improve things I hope that through this visit Mr. Mr. Secretary you will make more positive contributions to stabilizing China -US relations. Xi Monish Blinken not to interfere with China's internal affairs regarding Taiwan Blinken said the US reserves the right defend to Taiwan on the case of an attack. In San Francisco A deep -sea expedition to the Titanic has gone missing. The US Coast Guard are trying to find and rescue five crew members including the chairman of Action Aviation Hamish Harding who was on board. Guests reportedly pay ,000 $250 for the expedition to see the shipwreck of the Titanic, Rear Admiral John Moger says this search effort faces a number of complexities. The location of the search is approximately 900 miles east of Cape Cod in a water depth of roughly 13 ,000 feet. It is a remote area and it is a challenge to conduct a search in that remote area. The US Coast Guard says it received a call on Sunday from the submersibles command ship saying it had lost contact with the vessel. Coming up on the programme straight ahead on Daybreak Europe, we'll bring you our interview with the Qatar Airways CEO from the Paris Air Show. It's been four years without a Paris Air Show. We're back at Le Bourget. Guy Johnson has been on the ground for us talking executives to from the aviation sector, some of them worried about over expansion. We will get the thoughts of the Qatar Airways CEO will get his thoughts on why airfares will remain higher for longer. This is Blinkbag. One forty five over ninety two one eighty over one eleven. I had a heart attack and a cardiac breast and then a stroke. Your blood pressure numbers could change your life. Lowering your high blood pressure could save you from a heart attack or stroke. If you've stopped your treatment plan, restart it or talk to your doctor about creating one that works for better you. Start taking the right steps and manage your BP .org. Now I'm trying to get better, stronger than ever. Brought to you by the American Heart Association, American Medical Association, and the Ad Council. It's hard to keep up with ranking global business news. It was a mixed day here in the States. Volatility is sky -high. Our season reporters and anchors make it look easy. European stocks hit a fresh record. Bearers have basically been rendered obsolete. The right height dance is playing out in the belly of the curve. Are you worried about a wage price spiral? A lot of Wall Street just getting more and more cautious here. Bloomberg Radio, the Bloomberg Business App and BloombergRadio .com.
"one percent" Discussed on Bloomberg Radio New York
"Down eight tenths of one percent this morning MSCI Asia Pacific index also dropping six tenths of one percent in terms of other markets that are we looking at so the u .s. is closed for the Juneteenth holiday today so no cash treasuries no cash stocks are trading you do have your own power though giving his semi -annual report to Congress starting on Wednesday that will be absolutely crucial along with the Bank of England rate decision when marking into markets more rate hikes 30 basis points now the expectation also oil prices heading down this morning Brent crude futures dropping six tenths of one cent seven six dollars 16 the bow that is a look at your markets let's get to some other top stories this morning Caroline Caroline good morning and thank you Ukraine's bid to drive Russian forces out of the east and south of the country is continuing keeps troops captured a village on the zapper Asia front after days of fighting according to a Russian appointed official there was no comment from Ukrainian officials or its military however the country has claimed to hit on a significant ammunition depot in the son region defense ministry here in Britain said both sides are incurring huge casualties now US semiconductor giant Intel has agreed in principle to 25 billion dollar manufacturing plant in southern Israel prime minister Benjamin yet and Yahoo investment was unprecedented and the largest ever of an international company in Israel he also said this would go towards building a chip manufacturing plant that will use the most advanced apology in the world and here in the UK MPs
"one percent" Discussed on HeartLine Ministries
"Peter did it Policy women no. Let's get to the root of the problem you know. I'm not gonna go and talk to the lease of the least and expected to trickle up the peter. Because you know that wasn't going to have any effect let's go to the head guy talked to the head guy and get this straightened out now. Don't pass the buck. And of course you know we as a culture and society seemed like we love passing the buck. That's yeah the stewart somebody who's lesser and therefore we all have has done. Paul was that kind of guy policy. Kinda guy said look. I'm going to go to the head honcho. And i'm going to go talk to him and say look. This is wrong and that doing so. As a matter of honor it was a matter of respect. He was giving peter the opportunity the even though he did something wrong to save face for him to go and try to get what i would call a hypocrisy posse together to go to the the people that were lower. What would that have done. Ultimately all that would have done as it would brought division into church. People were left or or shouldn't say left. Peter but they would have felt. Peter was discredited no longer valuing and honoring that pillar that he was among the apostles and they would have come over and started following. Paul and not necessarily jesus and so by going to peter directly. Here's help them. Peter save face he was protecting the integrity of the gospel and the integrity of everything that jesus came to do by allowing peter. Dick you in reasoning with peter confronting him confronting peter for peter then to be able to go the people say you know what i messed up and al me and my son. We had a conversation back years ago and it really touched me because like dad. No one the most valuable things you ever taught me. And like what's that he said there's that there's there's more than one percent there this one specific day when you came to me and said you were.