11 Burst results for "Royal Caribbean Norwegian"
Bloomberg Radio New York
"royal caribbean norwegian" Discussed on Bloomberg Radio New York
"&P up 16%, and not just TEC. Take a look at, say, Carnival, Royal Caribbean, Norwegian, the cruise lines. Service sector. Flying. Resorts. Take a look at what's happening with home builders. Up 40 percent year to date on the S &P. It's huge. It's huge. How's that working out? It's great. She's got an entire room. It's a Bloomberg room with three terminals. And Milady coming up very shortly. Looking forward to that conversation. TK, these are big, moves big here today. And this Federal Reserve is starting to talk about more hikes. It wraps around the non -call of the last six we months begin as Q3 here in earnest on this Wednesday. And that is the recession call. I wonder what the disinflation does to recession calls around the world. What does it do to China? What does it do to a beleaguered United Kingdom except I'm told London's booming? We have a recession in manufacturing. We don't have a recession in services. How those two converge is a big debate. Mislaf Robert JP Morgan, together with Marko Kalanovic over the last couple of months, they think services converges down to manufacturing. That ultimately you get the broadest line down. Other people say the same thing. Ed Hyman in this hour. Global Wall Street stay with us. We're thinking 8 17 18. We're trying to drag him in to Edward Hyman. We're trying to track him in early. You know, he's great. We should. Well, I'll explain who he is later. But what you need to know if you're not part of Global Wall Street is Ed Hyman is who the adults lean forward to. And he's been with guys your at JP Morgan looking for disinflation. We get some services data a little bit later this week. Get a ton of jobs data to AVP jobless claims jolts payrolls on Friday. All of that going into next week. CPI next week, Tom JP Morgan earnings to so bank earnings and earnings more broadly kick off in the next week or so while you're away the theme that I had with what's brammo with brammo. You know, it's been a whirlwind here. Grifield saved the day. We had to talk crypto. We don't have to talk crypto with Maletti, do we? No, we don't. think I and wants to talk about crypto. Anyways, Brammo is gung ho on the earnings season. I believe she will come back for it. And it's amazing how I don't know what's going to happen with revenue dynamics and earning dynamics. Forget about the banks across everything. Yeah, I just don't know. I can't believe we're in July already, Tom. Did we do a data check? Let's get to Equity Futures right now on the S &P. We're negative by 0 .5%. Touch softer. Not a big deal. Yield to touch higher. a basis By point, Tom, 386 .64 on a 10 -year. A lot of focus on the front end of the curve. We've added more weight into that, a bigger yield, a higher yield over the last couple of weeks. 492 on a 2 -year. We're down a couple of basis points there, but certainly repriced higher. If you think about where this 2 -year's been, and I can work it out on a Bloomberg for you very quickly, we were north of 5 % in early March going into the SVB fiasco. We dropped as low as 275 over the last 12 months. That's the 52 -week low, Tom, back 12 months ago. But following SVB, we dropped to about 350 at the lows following the bank malaise, and we've added 100 basis points plus back into the 2 -year, 140 basis points. The 2 -year's extraordinary. I'm going to bounce it off 105 basis points, 2 -10 vanilla spread. We're out to 110, John, even around it up 111 basis points, 1 .11 percentage points difference year with the 2 and a 10 -year. I don't know how normal business gets done with that, John. I just, you know... Do you actually think that makes a difference? Do you think people are sitting there saying that and they're saying, you know, I'm not going to do XYZ because of that? I think in business investment it makes a difference because of the oddities here, and it's the bet of not what the 2 -year will do, but what the 10 -year will do. I don't hear much talk about will the 2 -year yield come plunging down. I think Tom said 3 % in the last hour. He said you can come down to 3, but that's it. Calling it a different kind What of cycle. we're going to do is recalibrate here on Q3, and we can do this on value, a beaten -up phrase Thanks for joining us today with Ann Mileti, Global Investments Head of Active Equity at Allspring. And of course this is the entire strong excellence and wisdom out of the last number of decades in her Wisconsin. Ann Mileti, thank you so much. The first six months of the year, let's move on. How do you recalibrate here the value proposition? Well, Tom, you know, it's an interesting time because no one expected what happened in the first half. And so I would say, look, at Allspring, we are looking forward and thinking where investors should be. And we're sober about the future knowing that there's signals a lot of that signal a possible recession. That being said, we also know that on the equity side, what's important is the time you spend in the market and not trying to time the market. History suggests that if you stay in the market through cycles, you're going to do great. And that's what we're telling our investors. So we're trying to be tactical around what we invest in and really think about stock selection. There's all of sorts research that says mid -cap, cycle after cycle are a place to be. Okay, I'll buy your idea that mid -caps, not large caps of the glory 20 stocks is a place to be. But on an innovation basis, are there Apple computers within mid -caps? Well, as you know, Tom, Apple, Nvidia, all of those stocks started off as mid cap companies. And so what we like to do is try to find the innovators, the winners, the big companies that are going to be the next big cycle players. And there's a lot of those in mid the cap space. That's why it's so interesting to us, especially with the risk reward where it's at today, where you've had those really large cap names. And again, it's really just a couple, a handful of really large cap names that have accelerated and are trading at really high multiples. And so, you the know, risk reward may be less favorable, then you can buy some of those mid cap names, much lower multiples, still great opportunities out there. And these big moves elsewhere, we've talked about them through this morning, we've discussed them over the last several weeks, the cruise operators, the cruise lines just absolutely flying, the home builders on the S &P 500. What are you telling clients about some of those moves? They're monster moves here in just like six months, home builders up by 40 something percent. What is that all about? A lot of it has been about supply and demand. Jonathan, as you guys know, you talk about this of all the time, travel demand has come back really strong. Housing demand is despite still out what we there all see with interest rates, there's a shortage of housing. And so housing supply is low, demand is strong. And so it's not too shocking to see that demand and those home builders are still doing pretty well even in this type of economy. But I think there's the balancing act that we have to play. Again, those names have seen really good concerns.
Bloomberg Radio New York
"royal caribbean norwegian" Discussed on Bloomberg Radio New York
"Of a percent at 1870 even per ounce the dollar yen one 29 94 The Euro a dollar 5 51 the British pound a dollar 25 36 That is a Bloomberg business flash Bloomberg markets is on now Paul Sweeney and the person who needs no calculator to do 9 figure division that would be pretty Gupta Absolutely Elbow promising hopefully not under delivering All right let's get a look at these markets here I got kind of a little bit of green on the screen not going to oversell it I think the markets are just kind of a lot of investors are sitting on the sidelines waiting for the FOMC meeting manana Let's check in with Jess meant an Bloomberg equities report Jess what are you looking at this morning It seems like stocks are struggling for direction like you mentioned the start of the fed's two day meeting which starts today and obviously tomorrow we will get that fed statement at 2 p.m. eastern followed by statements from Jerome Powell a half hour later And it's interesting just looking in general There seems to be a lack of consensus from strategists on the street as far as how to play what's going on in the stock market So if you look at Marco colonic over at JPMorgan and his team they're thinking that sentiment is reached extremes and that potentially now we would see this market rebound but then on the other side of that if you have Michael Wilson at Morgan Stanley suggesting that we have further downside to go even as low as 3800 And so you can see where there's these discrepancies here in the market and trying to bet on what exactly is the trajectory moving forward when you have all of these different issues going on in the market especially just how aggressive the Federal Reserve could potentially be with this 50 basis points hike and then obviously what's going to happen with their balance sheet runoff I love that you mentioned everything we're worried about but there is this division in terms of even some of the biggest Wall Street strategist JPMorgan versus Morgan Stanley right now I have to ask about valuations because this to me is the story Sure we're talking about the fed and the uncertainty and all that jazz But we have to talk about whether the market or investors actually care about what a company's worth or is this purely about riding the wave of worry essentially we're seeing from Ukraine China name your poison or pick your poison You and I were talking about the energy sector last week in particular about how what is that An inflation hedge Is it value Is it defensive And something that came up with some conversations with strategists they felt like energy almost stole the show from banks and cyclicals because in some ways banks could potentially be an inflation hedge but investors instead moved aggressively toward energy Obviously what's going on with inflation in the war overseas stoking that But if you're looking at those valuations energy still under own And undervalued And that's something that even Marco clone of its team pointed out in their note yesterday as something that they still see that potential in the energy sector And people can debate more about that But if you're looking at valuations things have come down but even just in general where the S&P 500 is down for the year I mean it's still a little bit under on average what a pullback would be typically that's around 13 14% And it seems like it would be a lot more painful but looking at those valuations it seems like strategists think we still have a lot further to go When you're just looking under the surface and looking specifically at the technicals Yeah interesting yet you mentioned energy and I know we have Saul Warren Buffett announced over the weekend that he increasing his stake in Chevron You know I'm kind of surprised given that China is in various levels of shutdown that WTI crude oil still a 105 bucks a barrel I kind of thought it would have pulled back and I'm so glad I'm not an energy trader 'cause I would lose my shirt like every other day trading this stuff But they say that's the high stakes situation It is a high school And I know a couple oil traders and they're really good at what they do But it's just it seems like the energy trade from what I hear from fund managers still has room to go Right in its only encompasses about roughly 4% of the overall S&P 500 So since it's doing so well it just doesn't it's not going to move the needle when you're thinking about say technology Having a bigger movement there But when it comes to the sentiment indicators it's almost like you have these sentiments so extreme looking at the latest AAII survey the highest looking at bearishness since 2009 But when you're looking at the client flows say particularly from Bank of America they had their latest data come out this morning It's not necessarily showing up that kind of bearish trend So say last week their clients were net buyers of U.S. equities for the third consecutive week and they were the biggest inflows since early December at 5 and a half $1 billion And in particular there were record inflows if they're looking at Staples and then healthcare but technology did see begin to see some inflows there for the first time since November So you think those positive signs for technology but still people in investors they're putting that money in those more defensive oriented names So as long as that continue that's going to really challenge having the longevity of a rally it could potentially be more shorter term counter trend rallies All right I've got a question Either of you have you ever taken a cruise I have not Okay But I know what you're going to say One of my favorite stocks is caramel cruise line just because to me it just represents the reopening Are you taking a trade I'm not a cruiser I admit it I'm sitting there in port I see this huge cruise ship come in and all these ants come off the not for me but people love it And carnival reports today that their entire fleet of 23 cruise ships is at sea To me that's it baby We're back Yeah it's huge And I wonder how much of that is going to be followed by the other players right Royal Caribbean Norwegian cruise lines but it has been two years and I am wonder I'm Paul You've talked about this Their business model is really interesting here But I wonder how long that can really last once you start to see hypothetically port shutdowns I know it's interesting I'm looking at the ANR function analyst recommendations for carnival cruise lines 6 buys 9 holds and four cells the street has no idea what to do with this sector with this kind of company I guess you have the good news is demand coming back on the top line But you've got a big cost there called fuel And labor And that's probably causing some margin concerns for a lot of these companies So it's a question how do you balance that top line story which looks so good with maybe the cost and margin story Right and especially looking at that latest employment cost index that came out on Friday the highest on record You're starting to see where those inflationary pressures are the most prominent and especially when it comes to those labor costs and particularly wages there And so when you're thinking about maybe a goods versus services story particularly when I've talked to strategists they still think if you're on the services side you're going to benefit probably more quickly than say if you're on the good side of things and still or dealing with those lingering concerns about supply constraints Yeah and we see the labor numbers coming in later this week It's a question Can you get people to actually get back into the workforce So that will be interesting So that's why we'll have the FOMC meeting tomorrow then labor stuff later in the week Bloomberg will be all over that stuff Just meant to thanks so much Bloomberg equities reporter Right now let's head down to Washington D.C..
Bloomberg Radio New York
"royal caribbean norwegian" Discussed on Bloomberg Radio New York
"Come down But it's pretty clear that the core level of inflation being driven by wages which after all the dominant costs for business is now well above target levels And we're not going to see credible inflation at 2% until there's some cooling there Now a programming note Wall Street week will air tonight at 6 p.m. Eastern Time We'll be joined by Larry summers You just saw Glenn Hubbard Katie Cox Frank Peters and David rubinstein Coming up Jared burnstein about those job numbers coming to us from The White House And this is balance of power on Bloomberg television and on radio This is a Bloomberg plenty of minutes two years of pandemic have given the world a severe case of collective cabin fever and something that will drive masses to book cabins on cruise ships Advisory firm Stifel sites booking data from cruise operators and travel agents to conclude that the industry will have a strong snapback from COVID including the industries association with the early spread of the virus starting the second half of this year Traders are buying in shares of royal Caribbean Norwegian and carnival a rising as much as 5% So how's the job market doing these days The Labor Department's monthly survey of employers finds only 199,000 jobs added to the economy last month That is worse than forecast but labor survey of U.S. households finds the unemployment rate dropped to 3.9% in December and that's better than forecast At low unemployment rate is helping convince many on Wall Street that the case for the fed to hike interest rates has just been strengthened right now the Dow is gaining a quarter percent NASDAQ though losing half a percent S&P 500 down a tenth and a Bloomberg radio Burden LLP.
Bloomberg Radio New York
"royal caribbean norwegian" Discussed on Bloomberg Radio New York
"The Bloomberg business app and at Bloomberg quick take this is Bloomberg radio Come down to the close Bloomberg's comprehensive cross platform coverage ahead of the U.S. market close starts right now This is the countdown to the closed 60 minutes left in the trading day in the trading week Romain bostick sillier Taylor Riggs still here Kelly lies believe it or not hasn't left just yet joined right now by our colleagues to understand and Katie Griffith Carol master just couldn't hang for the final day here We do want to welcome in full our Bloomberg audiences across TV radio and YouTube as we count you down to the close here You're looking at S&P 500 right now Down about 5 tenths of a percent You're looking at a NASDAQ indication right now that is in the green and you're looking at a Russell 2000 that's in the green Katie Yeah it's hard to make heads or tails of this market though I'm gonna bring it up it's triple witching day comes once a quarter you have indexes rebalances options expiring You're seeing that in the volume I mean I'm looking at the S&P 500 volume is about 20% higher than the 20 day average So again it's playing out in weird ways If you look at that cross index picture Tim Yeah one thing that really jumps out to me in today's trade is not what's lower but what's higher when it comes to this especially consumer discretionary stocks I mean we're seeing headlines about New York reporting over 20,000 COVID-19 cases a brand new daily record but shares of royal Caribbean Norwegian cruise line holding company carnival cruise line MGM Expedia all higher on the day The better hospitalizations what are deaths Right it's a really good point And understanding too what we've been through as a country and as a city and that we have a good idea of actually how to handle it right Yeah And I think look I mean I think we have to be clear here that the main thing that's really been driving the markets this week has really been much more about monetary policy that macro picture when you look at the declines that we're seeing here on a weekly basis on the major indices here that's really reflective here of that pivot that we saw on the fed I don't know if you can put it up for our TV audiences here But right now you're looking at S&P 500 that's down about a percent here on the week You're looking for a NASDAQ down about two or so here on the week here So despite some of the daily moves including that 1% move higher on the Russell 2000 on this Friday that is still down about 1% on a weekly basis scaling Well and what's interesting remain is that on the headline level four tenths of a percent decline on the S&P 500 doesn't seem that dramatic but really the bulk of the equities within the index the members are lower today Most of the major industry groups are down lead lower by the cyclicals its energy financials industrials on the bottom Energy down two full percentage points The only sector that is actually in the green today What's that Is real estate up about half of 1% And what's interesting it's like okay you can talk about the bond proxies As much as you want one 40s where we are on the ten year Okay all right We talk about some of the individual movers here I mean look Apple you know we started this week We all had the champagne and the confetti out for that Of course that $3 trillion market cap It's not gonna get there this week One 72 right now and change is where apple is trading up about three tenths of a percent on the day U.S. steel down here one and a half percent They actually came out with an interesting forecast here projecting quarterly results that are actually going to be a little bit lower year And they talked a lot about that macro picture and some of the demand dynamics that have favored it here in 2021 saying that that's not necessarily going to see that type of strength in 2022 And how about this Darden restaurant Scott Caroline's not here She loves the Olive Garden I mean yeah you know what you're into that fettuccine Alfredo thing And look we saw the big rebound The comp sales were actually pretty good and even the forecast they gave was pretty good You're talking about 29% year over year growth year but still some concerns here about how that is going to continue They're also their CEO stepping down here And I don't know if you remember you guys remember that great starboard when starboard was sort of rattling the cages on Darden and they put out that 300 page report back in 2014 where they say all you gotta do is salt the salt the pasta It was amazing And that'll solve all your problems I mean fairness it was a lot It was a lot deeper than that but we should point out Eugene Lee That was the CEO of the starboard effectively put in place after they took over the board there He is stepping down here The president is going to take over unanswered basis Love the facts and the perspective that you bring Let me bring you some other facts of perspective And you know Katie this was interesting You talked about some of the volatility as of late I'm going to bring us back to technology as well as we're thinking about some of the open interests Remember open interesting does include calls and it does include puts as well So this is in a directionality bed but it is maybe perhaps a volatility bet and an interest that even though it doesn't necessarily mean that it goes higher And it really has been this focus on big tech tip and the.
Bloomberg Radio New York
"royal caribbean norwegian" Discussed on Bloomberg Radio New York
"Knicks host the suns tonight Phoenix coming in winners of 14 straight games the nets will host the suns tomorrow night I'm Scott sighting bird with Bloomberg sports All right Scott thanks a lot And it is now 6 37 on Wall Street And it's time to take a look at stocks some of the names that are moving in the pre market and for that were joined by Bloomberg stocks editor Dave Wilson pretty safe to say totally risk off in today's market Absolutely John and you just go right to the travel stocks which are tumbling as the emergence of a new coronavirus variant in South Africa triggers bans on travelers from that country and its neighbors That may be just for starters The cruise lines are being especially hard hit in early trading You look across carnival royal Caribbean Norwegian all down at least 9% The airlines delta's down 8% and its peers have comparable losses Boeing plane maker down 6 and a half percent as well You look at car rentals You see Hertz Global Holdings down ten and a half percent In hotels Marriott International down 6% in casinos Las Vegas Sands down 6 and a half percent In online travel Expedia Group down 7 and a half percent It's safe to say we're seeing comparable losses for all of those companies peers here John Yeah and as you see this variant in South Africa there's concern that maybe everything's going to pull back in So as a result of that commodity prices with respect to oil they are lower Absolutely and we're seeing energy stocks follow right along You look at ExxonMobil it's down 5 and a half percent Chevron down four and a half percent Occidental Petroleum down 7 and a half percent And then you look at other stocks that have benefited from which might call the reopening trade and they're falling as well Ride hailing services Uber's off four and a half percent lift down 5% The movie theater owner AMC entertainment off 6% Department store change especially Macy's down 6% in early trading And then on the other hand the makers of COVID-19 vaccines are higher You got Pfizer up 6% It's German partner BioNTech rising 7 and a half percent in U.S. trading Modern is up 8 and a half percent Novavax is up 5% And then you have all these stay at home stocks as they've come to be known and they are doing well too Notably Zoom video up 9 and a half percent Now the video conferencing company had fallen 17% this week in response to disappointing earnings You look at the exercise bike maker peloton interactive It's up 7% The telemedicine provider telethon health of 5% The food delivery service DoorDash of 5% And you can kind of go on from there But I'll leave you with one more John There's a bit of a COVID story here but something more Didi global the Chinese ride hailing service down four and a half percent People familiar with the matter said Chinese authorities asked DD to give up its U.S. listening Remember DD just went public here in the U.S. and June by selling American depositary receipts and then promptly became the target of a data security investigation What's volume going to be like today about 30 seconds and does that exaggerate gains or losses in this case They're certainly that potential because post holiday trading tends to be relatively slow and you get people rushing to sell a rushing to buy depending on what stock you're talking about in light of this new coronavirus variant And you may well see some outsized moves in fact you're seeing them already you know trading Bloomberg stocks editor Dave Wilson Dave thanks a lot I appreciate it Dow futures 814.
Bloomberg Radio New York
"royal caribbean norwegian" Discussed on Bloomberg Radio New York
"Investigating and looking at it closely but he was hit with a lot of big comments and she just really said remain that this is just not what the fed needed at this moment No questions about credibility All right we're gonna get back to this breaking news Robert capellan of course the Dallas fed president set to retire on October 8th You want to wrap up the closing bells here as you hear in the and see in the background the Dow Jones Industrial Average when the finish higher actually by about two tenths of a percent The S&P down by about three tenths of a percent The NASDAQ composite right now down about 5 tenths of a percent The NASDAQ 100 we should point out down about 8 tenths of a percent That's just cyclical rotation Nowhere else gonna be found of course with the Russell 2000 up about 1.46% here on the day That's about 33 points here And we should point out that the outperformance that we're seeing on the Russell at one point on the day at least on an intraday basis it was the biggest outperformance that we had seen going back to march here I think that's been peeled back just a little bit here I'll double check that just to get you the right superlative here But that is the narrative here right now that we've been seeing here Of course that rise in bond yields feeding right now girl into everything happening in the equity market Don't want to steal anybody's thunder but Tim and I were talking to that It is all about the bond market and to see those treasury yields and I think it's interesting with the backdrop of Robert caplan retiring as Eric Rosen Graham and you do wonder about the composition of the fed going forward and whether that how that changes maybe Taylor potentially fed things Yeah we've killer comments from Mike Mickey earlier I know that we're going to get him back on the show soon to talk about that composition Carol that you mentioned but in the meantime you do steal my thunder but I forgive you because it was a big Bond day and you really see that play out within the sectors for the radio audience We take a look at the sector winners this actor losers within the S&P 500 It is energy banks autos and materials How much of all of this is because yields are rising You're getting a yield curve steepening And so you're up 7 tenths of 1% to actually three and a half percent for some of the energy companies We migrate downward to some of the worst performers on the day and yes it is a Bond story Carol with utilities to some of the worst performers real estate you're off one to almost 2% as typically romaine those declined when yields are rising All right we're gonna get back to the gainers and decline us but we do want to weave back into that news with Robert capellan Of course the Dallas fed president resigning the statement out right now by the Dallas fed rob Kaplan says it was a great honor to serve He also addresses some of the issues with regards to his trades He said during my tenure I have adhered to all Federal Reserve ethical standards and policies My securities investing activities and disclosures at bank compliance rules and standards That is an exact quote from there in this statement of course he goes on to talk about some of the other things he did and during his tenure there but again once again here the big news here Robert capellan of the Dallas fed stepping down today we're learning this just hours after we learned that Eric Rosen Graham at the Boston fed would also leave his position 9 months earlier than planned And to be fair and to maybe mirror what we heard from fed chief Jay Powell is you don't want to get ahead of any kind of investigation into whether or not anything was untoward if you will And so again you do have Kaplan saying those trading meet the feds ethical standards And I just want to follow that And just a real quickly Carol they do actually say in the statement here that quote rob made the decision to retire as president and CEO of the bank effect of October 8th to eliminate any distractions to the Federal Reserve system surrounding his personal investment activities So unlike Eric Ross grant who resigned citing health conditions this statement does seem to be tied directly to the controversy over some of his financial holdings Rather quick and swift right And certainly you could imagine maybe potentially some of the conversations certainly since that last fed meeting and all of the questioning by the reporters in that room with or at least virtually with fed chief Jay Powell All right let's get to some of the gainers if we may Taylor mentioning energy yes indeed front and center just pick a bunch of names Cabot oil and gas was among your top performers in the S&P with West Texas topping 75 crude prices really on a tear highest level in nearly three years But other names Occidental Petroleum also among the gainers in today's session capital oil and gas up 8 and a half percent carnival continues its move It is up four days trading days in a largest global cruise company royal Caribbean Norwegian also saw moves to the upside We know they set sail from the port of LA on Friday afternoon first time since last year And last week we got the news that they're set to deploy 52 ships on the seas by the end of fiscal 2021 Continuing really that move opening when it comes to the cruise industry Just quickly nettie's that stock up about three and a quarter percent Chinese gaming company other Chinese companies we saw higher today We saw China's embattled tech tycoons basically lining up to pledge their support to president Xi and his common prosperity policy and market roiling regulatory onslaught We saw that happening And so we did see some bounce back to him in some of those Chinese tech names So you got the gainers I got a couple decliners at least Let's talk Amazon This is a big one It's been we've been talking about it all day A price target cut at Morgan Stanley The bank said the profits could get hit as a result of rising headcount and rising wages Where have we heard that story before the bank lowered its price target to $4100 from $4300 it does put it below the average analyst target of 41 57 Wells Fargo also finished the day lower but coming off those lows after we learned that Wells Fargo had reached a settlement with the U.S. Justice Department and then Netflix eking out just ever so much of a gain of 401 hundreds of 1% It did fall earlier in the day Bank of America wasn't very impressed about Netflix's global fan event and event that is supposed to tailor to provide detail on upcoming content I mean so many choices for consumers right now I'm gonna make this shore We do yields as we do every day because I know we want to get back to some of the breaking news but Carol this really does highlight perhaps is we're talking about yields falling two basis points at least on the ten year as of the fed meeting last Wednesday since their since then it has been a rate of change kind of day Thursday Friday Monday We're up 16 18 basis points on the day Today further migration higher in yield approaching one 49 one 50 on the ten year All right everybody And we're gonna have more coverage on the fed certainly in light of that news about Robert Kaplan retiring as the Dallas fed president That's happening in October 8th and just coming on the heels of Eric Rosenberg and getting that news as well and talking about that today All right that's going to do it for beyond the bell On Bloomberg radio Bloomberg TV and on YouTube join us again tomorrow same time same place fed coverage continuing.
Bloomberg Radio New York
"royal caribbean norwegian" Discussed on Bloomberg Radio New York
"John Tucker with our Bloomberg business, flashier green on the screen, but definitely not as strong as we saw in the futures market. Get some more color on what we're seeing here. In this opening with Bloomberg stocks editor Dave Wilson Day what he got? Yeah, that's really kind of a mixed bag. At this point, you can argue some of the more economically sensitive areas of market moving higher industrial stocks. Or less the best performers among the 11 main industry groups in the S and P. 500, though energy shares the worst performers and you seeing declines among some of the other, more defensive kind of areas of the market, notably utilities. Beyond that, I mean, you dig into the individual stocks and what really jumps out. It's what's going on with the travel shares, you know, specifically United Airlines up 4.6% biggest gain the S and P. 500, the carrier forecast a smaller decline a revenue gauge this quarter than it did just a month ago. And they're talking about an adjusted profit before some items next quarter. You put that all together united of is up 4.9% You look down the list the best performers and yes, and people have heard you see American Delta Southwest. And then the cruise line's carnival, Royal Caribbean Norwegian on MGM resorts wire out and put it all together. It's definitely a positive day for those kinds of stocks. All about the reopening, and we have blowing a little bit further journalist also doing while they have 1.5% today, dear, also doing well up one half percent today. These are companies that had great earnings last week. What's driving them further today? Well, I mean, if you're positive on where travel is going specifically with the airlines, the bowling certainly stands to benefit from that in terms of demand for their planes, and you know they're really trying to revive the 7 37 Max Jen, among others on you know when you think about Dear the story. There has been what's happening in the commodity markets. I mean to the extent that grain prices are rising and other farm commodities That means you know the people who buy dears tractors and combines and other form equipment. They have more money to spend. So you know, that has the potential to lift sales down the line. We're talking about the reopening traders matches mentioned the flipside of that Dave is kind of the pandemic trade. I'm looking at one of my favorite pandemic stocks, which is pellet on because I kind of got into the whole pellet on thing over. What are you still doing? It are still riding what, like every day or no, No, no. Maybe 34 times a week. Really? Yeah, it happen. Our You know I could do it. I mean, she's I'm looking at that stock now. Yes, it's it's still double from where it was a year ago, but it's down 34% this year and you wonder for some of these pandemic stocks do they re trace back to where they were. Free pending order. They keep some of those gains his community because I'm looking at the A and R function for pellet on most of the annals 23 out of the 27 are still have a buy rating on it. Well, that doesn't necessarily mean that the pellet on is going to get all that much support because it comes answer. What does the business look like going forward and you have to remember. Politan specifically has had the issue with the treadmills they had to recall. You know a bunch of those products simply because you know they weren't safe. At least you know, there were issues that came up with them. So you know, put it all together. I mean, and you think about the state home stocks versus the going out stocks? Yeah, that's going to be a dynamic that really plays out over the next several months. As we get increasingly comfortable with traveling and decided we don't want to stay at home. We want to go out to you. We want to go out there constantly. I want to go out period, right? I have say that's probably true, right right off the bat. I mean, we just had a restaurants and bars open on Friday, and my wife and I went out every single day on Blanning going out again tonight. But in the long run pellet on, I mean, the treadmill issues got to get priced in, and they're not really about treadmills right there about the bike. Um, I think it's fascinating, Paul that you stuck with it and that so many people that I know have It's got to be. It's going to continue to be a growing business because more and more people are gonna get pulled in when they hear stories like yours. Yeah, I think so. You know what? What's difficult coming back to work, and I had this my third week back in the office Might schedules obviously thrown askew here. So if they figure out a new schedule for the telethon so, but s so that'll be an issue, but I think what it is it's it's similar to what we see with some of these Social networks. David's kind of the social aspect kind of sucks you in a little bit. It's not just the exercising. It's a social aspect that they've woven into that story. That seems to be one of the things that, you know, kind of minimizing turn if you will all about those video classes, and I'm sure that's the case. Not that I've ever been on a paella. Time was going to say We need to get you one, Dave. That's OK. I'm good with walking. Thank you very much, maybe an occasional run. And Dave, you're mentioning concerts. I'm starting to see more and more bands put Get on this schedule. Starting this. Summer. So I'm looking to stock like Live nation, the largest concert promoter in the world, Ondo Up 23% this year, so people are expecting, you know bands to hit the road and.
Bloomberg Radio New York
"royal caribbean norwegian" Discussed on Bloomberg Radio New York
"Record down 53 now Dropped their of 4/10 of 1%. So again, the S and P is down by one point, little changed the Dow up 72 That is a record of by 2/10 of 1% 10 year Yield. Now 1.28% Gold is down. 1.2% 17 90 60 ounce West Texas. Any media crewed up 8/10 of 1% 59 92 a barrel natural gas surging 7.7% Today, Nat Gas Now with 3 13 per million BTU again recapping stocks, little changed lower on the S and P down now by half a point. I'm Charlie fella. That is a Bloomberg business Flash. It is indeed Charlie Pellet. Thank you so much. You're listening to Bloomberg Business week. It is time now for the market drivers report. All right, let's bring in Bloomberg Stocks Editor Dave Wilson, Tracking the trade on this Tuesday. Feel like in some ways, Dave, if you kind of ignored some of the out liars, it's a continuation of the trade we got last week. Well, it is, to a large extent simply because if you're looking for direction, you really have to focus on individual stocks because you're not finding it. In the likes of the S and P 500. Now you know, if you go through the companies in the index, you see the travel stocks doing relatively well. The cruise line specifically Carnival Royal Caribbean Norwegian, all among the days five best performers in the S and P 500 on then the other side. You know some earnings that didn't go over so well. CVS health notably down 4.9% in the wake of their results. I mean, even though the fourth quarter numbers were better than analysts expected, based on the average estimates in the Bloomberg survey, nothing really new there in the sense that we've seen, you know, more than 80% of companies in the S and P 500 surpassing projections. For the third straight quarter and more often than not their shares fall after the results. So what's going on with CVS certainly has a lot of parallels in this earnings period. Okay. Oil rising above $60 a barrel for the first time energy stocks leading the pack in the S and P 500 higher by 2% financials, though not far behind, Take us into it. Well, I mean, you've seen the energy stocks do relatively well as oil has moved up, and you know today's serve a continuation of that. I mean with the financial companies, you really have to focus on what's going on with bond yields. You know, When you look at the yields on 10 year, Treasuries rising the way that they have You know it gets your attention, and it means that you know, there's more potential profit for banks, you know, in terms of their securities holdings, what they stand to earn on their loans. I mean, just, however, you look at it. It's definitely a plus for a whole lot of companies, which are really struggled with the fact that yields have been so low and so therefore rates have had to go with them. So You think you can understand why they're doing relatively well to, you know, set struggling Bitcoin hitting 50,000 going above it. It's now up roughly 67% this year, Tim. Wow. Wow, It's right on Lee bid February. It's still early, Dave. I don't know. How does this factor into the overall trade? Well, I would take a step back and say that it's really more of a manifestation of a speculative fervor that has really left its mark on stocks as well as crypto currencies. Other types of investments. I mean, you see it in the bond market where you know the yields on on high yield debt have come down to the lowest levels on record. S so that's definitely part of it. And then when you look at shares will be talking next hour about my chart of the day where you gotta look at the micro cap stocks for the biggest gains this year, and you know they're doing far better as a group than those in the Russell 2000. I mean, you haven't seen anything like what's been going on this year if you go back through the 15 year history. The Russell Micro Cap Index, so you know it's sort of consistent across markets. People are taken risk, and you know, it's showing up in a lot of ways. So how is that manifesting in the bond market today? Well, as far as today goes. I mean, you see the move away from Treasuries. Certainly that's showing up just looking at where the 10 year yield is at this point. You know what? 1.29%? You haven't seen the year like that in a while. Yeah, for sure. And you know, at the same time. I mean, you focus on what's going on in the corporate bond market, and people have been chasing yield there. I mean, to an extent that you haven't seen again. If you look at the high yield area, and certainly it shows up in investment grade corporate bonds as well, So you know, it's just kind of a different complexion. You might say to what's going on. In the markets at this point, well that reflation trade Treasury yields out of one year high. The other thing that caught my attention of the two of you noticed this SPAC story and it talked about waiter. Ink never had the resources of Grubhub and whoever eats and some others, but nonetheless, it went public through merger with blank check firm Land Cada Holdings, and if you remember they had two men for Tito behind it. They also had the CEO of Jeffrey's Financial. They raised a bunch of money. But not necessarily doing so well shares plummeting lot losing that 96% of its market value. I do wonder if we're starting to see kind of the separation between Sfax, maybe with some legs and some real business is behind it versus those that were just chasing money, Tim. Yeah, that's the big question. I mean, packs have been all the rage. It was like 2020 was the year of this back, but it's already shaping up to look like 2021. He's looking to just the same Dave. What do you think That's another manifestation of the wrist? We're talking about here. People willing to throw money at companies and and just hope that whoever runs them and come up with a deal that works. I mean, You're seeing a lot of the transactions that are happening involved in your serve more modern industries. You might say, think electric vehicles as an example. And you know, if you think about that area, particularly, you know they're going to be winners and losers down the line. It happens in every industry. It's really a matter of you know which companies are going to make it. And you know the fact that they're brought public by specs. It just kind of compounds the risk for investors that put their money into them. In 20 2240 Eights packs went public on U. S exchanges. They raised more than 83 billion this year on pace to set a new record with 143 stacks, raising more than $44 billion in IPO's. That's as of February 12, so we're not even close to being Doug's astonishing It is really it's It's blow away numbers. Dave Wilson, Thank you so much. They will be back a little later on with his chart and stock of the day. Let's talk about the Most of the show because we've got the new energy crisis. You guys were talking about it earlier on, quick take this was like our entire top of the show for 9 A.m...
Business Rockstars
Trump says top cruise ship companies stopping trips from US
"Four major cruise ship companies have chosen to spend trips from the rest for thirty days president trump tweeted that carnival royal Caribbean Norwegian and embassy cruises all agreed to the suspension the U. S. ban on travelers from twenty six European countries has now taken effect Canadian parliament has rushed through ratification of the new US Mexico Canada trade deal on Friday the action taken before their three week break this to help stop the spread of the
Mac and Gaydos
Trump says four cruise lines will suspend trips for 30 days
"Also today president trump tweeted that four major cruise ship companies have agreed to suspend trips from the US for thirty days effective at midnight trump said that carnival royal Caribbean Norwegian and M. S. C. cruises all agreed to the suspensions he said the cruise line industry is a great and important industry and it will be kept
WBZ Morning News
Royal Caribbean, Norwegian tighten coronavirus cruise precautions
"Unprecedented screening for the virus is now in effect for all passengers boarding U. S. cruise ship cruise lines leading from the US are now stepping up precautions I haven't seen in hand screening like this I mean we've had travel advisories of different things but not of this nature free to Cornelio owns mystic valley travel in Medford and says she's been warning our clients about what to expect on their upcoming vacations to popular destinations even a Caribbean travel we've had advisories as a matter of fact one came in today from princess cruises they will be enhanced screening when they get on board daily says cruise lines are also checking to see if anyone is travel to China recently if so they won't be allowed on the ships if it shows on their passport they will be denied boarding health officials say more than four hundred fifty people aboard the diamond princess cruise ship that has been docked in Japan have been diagnosed with corona