17 Burst results for "Sali Bloomberg"
Bloomberg Radio New York
"sali bloomberg" Discussed on Bloomberg Radio New York
"Check the markets every 15 minutes during the trading day on Bloomberg S&P futures are down 34 points, Dow futures down 205 NASDAQ futures are lower by a 112 points. The Dax in Germany, down 9 tenths percent, ten year treasury is up one 32nd, the yield 3.67%, Amy? Nathan, we begin with unrest in China protests are spreading after COVID rules were blamed for hampering rescue efforts when a fire broke out in an apartment block, killing ten people, we get more from Bloomberg news managing editor Emma O'Brien. You saw wolf started as vigils and pushed back against this horrific fire in a ranchi in northwest China in an apartment block that people believe was locked down due to COVID controls. Peaceful vigils sort of morphing into wider protests against people not wanting to be taken away and took quarantine cats. People pushing back against PCR testing, tussling with COVID workers and in some cases pushing down testing boots in various cities. This is spreading across different stratos of society and does show no signs of abating. Bloomberg's Emma O'Brien says these protests mark the most significant challenges to Communist Party rule since the Tiananmen Square crisis more than 30 years ago. In the unrest in China's rippling through global markets, Amy stocks in Shenzhen and Hong Kong fell more than 1% overnight. We get the recap from Bloomberg's Juliet Sally in Singapore, good morning Juliet. Good morning, Nathan and Amy, Chinese shares listed in Hong Kong led the declines in the region while those on the mainland also came under pressure. The onshore on dropped as much as 1% against the greenback before trimming some of those losses, brought us stocks in Taiwan were hurt by the ruling party's resounding defeat in Ireland wide local elections. And elsewhere win Macau and MGM China surge, leading gains among the 6 Macau casino operators that were awarded new licenses to continue running their business in the gambling hub. In Singapore, Juliet sali, Bloomberg daybreak. Thank you, Juliet, the rare protests in China are prompting investors to rethink bets on the country after jumping back in on hopes of a reopening. Mark Mobius, the founder of Mobius Capital Partners tells Bloomberg he does not expect those demonstrations to end peacefully. It's clear to me that as she can not tolerate any protests. So there will be a very tough crackdown on any protesters. More people will be arrested and they will probably go further in terms of control. Those comments from Mark Mobius come as Goldman Sachs economists say they now see some chance of a disorderly exit from COVID zero in China. And now Amy, doctor Anthony Fauci is making the rare move of publicly criticizing China's COVID zero policy. We get that part of the story from Bloomberg's Ed Baxter. Doctor Fauci says he's been puzzled all along about China's overall COVID strategy. It seems that in China, it was just a very, very strict, extraordinary lockdown where you lock people in the house, but without any seemingly endgame to it. And Doctor Fauci and NBC has heard on Bloomberg says he also doesn't understand why China relied on vaccines solely manufactured in China. In San Francisco, I'm Ed Baxter Bloomberg daybreak. Thank you, Ed, the turmoil in China is having an impact on Apple and production capacity for its flagship product. Let's get the latest now live with Bloomberg Steve rappaport. Good morning, Steve. Good morning, Amy and Nathan. Apple is looking at a shortfall of nearly 6 million iPhone pro units this year because of problems at a key manufacturing hub. The plant has been plagued by lockdowns and worker unrest following violent protests against pandemic restrictions, thousands of workers fled in October, the people who replaced them quickly rebelled against pay and quarantine rules. The facility operated by Foxconn technology group produces some of apple's most in demand handsets, apple and Foxconn reportedly expect to make a production losses next year. Live in New York, I'm Steve rappaport, Bloomberg daybreak. All right, Steve, thanks. These protests are also having an effect on commodities, oil is trading at its lowest level in almost a year. Checking prices now nymex crude is lower by 3.1% down $2 34 cents at $73 94 cents a barrel. Brent is lower by 3.1% at $81 even. It's going to be a busy week for U.S. economic data capped by the monthly jobs report for November, Bloomberg's Vinny del giudice reports. Economists say December payroll growth will probably fall short of November's gain at 261,000 U.S. unemployment could match or top November 3.7% as technology firms cut jobs and rising interest rates trim the economy's growth rate. Meantime, the Federal Reserve will release its base book economic survey, which will provide anecdotal reports on U.S. business activity, including hiring. Among other reports this week, the ISM's factory and exit keep parameter of the American manufacturing outlook. Vinny del giudice Bloomberg daybreak. Thanks for having the biggest event on this week's economic calendar comes Wednesday. That's when fed chair J Powell delivers a speech in Washington. Powell is expected to set the stage for slowing interest rate hikes at the same time he'll remind Americans that the fight against inflation will run into next year
Bloomberg Radio New York
"sali bloomberg" Discussed on Bloomberg Radio New York
"Very, very probably do it again, okay? His former adviser, Kellyanne Conway says she expects Trump to announce soon likely after Tuesday's elections. The rally was billed as an event supporting Republican senator chuck grassley, and other endorsed candidates. It also happens to be the state that holds the first presidential caucuses. Trump is also scheduled to hold rallies in Pennsylvania, Florida, and Ohio. In Washington, I'm Amy Morris Bloomberg daybreak. All right, Amy, thank you while we turn back to the markets now, stocks in Asia rose overnight as Chinese tech shares rebounded more than 10%. We get the recap from Bloomberg's Juliet Sally in Singapore. Good morning, Juliet. Good morning, Nathan and Karen the MSCI Asia Pacific index headed for its biggest weekly jump since July as Chinese assets rallied amid investor speculation Beijing may roll back its COVID zero policy. Chinese stocks listed in Hong Kong had their best week since 2011. The offshore yuan jumped more than 1% against the dollar, but Japanese shares were a dragon Asia as investors in Tokyo played catch up after Thursday's holiday. In Singapore, Juliet sali, Bloomberg daybreak. Juliet, thanks in Europe, Britain's headed for a deep recession that could lead to more than a half million people losing their jobs. That was the Bank of England's message yesterday, as it raised interest rates by 75 basis points to a 14 year high of 3%. BOE governor Andrew Bailey's defending the rate hike. The fact that we've done 75 today, nobody should read into it. That's the new norm. I don't think people should surprise when they see that we in the fed are looking at things through slightly different lenses. Bank of England governor Andrew Bailey made the comments in an interview with Bloomberg's francine LaCroix here more of that conversation a little later in the program. Well, back here in the U.S., Nathan, New York City's new pay transparency in law has a blind spot, Wall Street bonuses, the new law requires local employers to make a best estimate of their salary range and job postings. The idea is it'll give candidates a stronger hand in negotiating compensation. But bonuses are exempt from the law, even though they make up the bulk of Wall Street pay. All right, let's look at some stocks that may be on the move on Wall Street today, Karen. Right now shares of Starbucks are up more than two and a half percent in early trading. The company reported sales that exceeded expectations. PayPal shares are down 7% the payment platform trimmed its forecast for annual revenue made a slowdown in spending growth and shares of block are higher by 14% the company formerly known as square reported revenue above analyst estimates. Futures are higher ahead of the jobs report S&P futures up 16 points NASDAQ futures up 59. Straight ahead your latest local headlines and a check of sports. This is Bloomberg. And it's south 5 O 7 on Wall Street where 53° in Central Park got an accident northbound New Jersey turnpike before exit 11, more coming up in traffic first Michael Barr's here with what else is going on in New York and around the world good Friday morning Michael. Good morning, Nathan, the NYPD says a man with more than a dozen prior arrests has been taken into custody for allegedly raping a woman on a jogging path along the Hudson River in Manhattan's lower west side yesterday. The victim was able to flag down another jogger for help after the incident. She was bleeding on her arms and she wasn't wearing any shoes, her clothes were kind of torn up, but I could tell that they were workout clothes. Police say after the attack, the suspect Carl faner took the victim's wallet and was arrested at a Target Store using the victim's card. The midterm elections will be held this Tuesday across the country with many tight races that will decide the balance of power in Congress. Republican congressman Andy Barr of Kentucky. People are ready for a big change. I anticipate a red tidal wave election. Not just here in Kentucky, but around the country and battleground districts for the control of the Congress. I anticipate not only the voters will make a change in the majority and put Republicans in charge. But it's going to be a big win. Congressman Barr on Bloomberg's balance of power. The race in Pennsylvania is being watched very closely as Democrat John fetterman and Republican memorize are neck and neck, according to the latest polls, it could determine the control of the U.S. Senate. Meanwhile, Oprah Winfrey, who helped make Doctor Oz a household name on TV, says she is backing federman in the race. The race for New York's 18th congressional district is also being watched. Democratic congressman pat Ryan is up against New York Republican assemblyman Colin Schmidt, Ryan talked about abortion and the Supreme Court overturning roe V wade. Unequivocally, it is one of the, it's not the only issue, of course, but it is one of the most salient issues that people are rightly outraged that fellow Americans fundamental rights and freedoms were ripped away. Colin Schmidt, the issues that are playing out here are the economy and crime, that is the main two issues there are almost tied in importance to the voters when we hear about it. Schmidt and Ryan spoke on sound on, which airs at 5 p.m. on Bloomberg. Governor Phil Murphy says authorities are closely monitoring a credible threat to New Jersey, synagogues, no word on what information officials had received. Global news, 24
Bloomberg Radio New York
"sali bloomberg" Discussed on Bloomberg Radio New York
"Lower by a 114 points, the ten year treasury is down 8 30 seconds the yield on the benchmark 3.74% Amy. Nathan, it is all about the markets this morning, the S&P 500 on track for a second straight weekly loss. Yesterday it closed at the lowest level since June, ten year treasury yields are trading near its highest level in a decade. The two year rate is climbing for 11 straight Sessions now, Ryan Dietrich is chief market strategist at the Carson group. September is the worst month of the year when your week heading into it like down 15% for the year like we were this year, September is a really, really rough and can be dicey. So sure, the fed matters. We're not ignoring that. But the stage was set, honestly, for some person who potential weakness, cars and group chief market strategist Ryan Dietrich says the S&P 500 is just two and a half percent above the low set in June. And there could be even more pain ahead Amy one Wall Street firm says the selling is still not over. Let's get the story from Bloomberg's Lisa Matteo. Goldman Sachs is slashing its yearend target for the S&P 500 Index to 3600 from 4300 that implies a 4.2% drop from yesterday's close. Goldman says a dramatic shift in the outlook for interest rates moving higher will weigh on valuations for equities, the higher interest rate scenario in Goldman's valuation model supports a price earnings multiple of 15 times compared with 18 times previously. Goldman said the risks to its latest forecast are still skewed to the downside because of the rising odds of recession, a scenario that would reduce corporate earnings and widen the yield gap. However, the bank's strategists say a yearend rally to 4300 is possible if inflation shows clear signs of easing. In New York, Lisa Matteo, Bloomberg daybreak. Thank you, Lisa, meantime, cash is king Bank of America strategists say investors are flogging to cash and shunning almost every other asset class, as they turn the most pessimistic since the global financial crisis. The bank says cash had inflows of $30 billion this week while global equity funds saw outflows of $7.8 billion. We saw more equity losses in Asia overnight, Amy, stocks in Hong Kong led the declines. Let's get the details from Bloomberg's Juliet Sally in Singapore. The MSCI Asia Pacific index posted its 6 weekly decline the longer streak since May, equities were down Friday in Hong Kong, China, Australia, and South Korea, Japan, was closed for a holiday. Aussie bond yield spiked the two year up by as much as 28 basis points the highest since April 2012, and the offshore yuan continued to hold past 7 to the dollar despite the PBOC setting a stronger one fix for a record 22nd day. In Singapore, Juliet sali, Bloomberg daybreak. The sell off is also continuing in Europe where the region is poised for another weekly loss for stocks. Let's get the details with Bloomberg's view and pots in London, good morning Ewan. European stocks declining today at the end of a week that made very clear that central banks are not done yet. You have 6000 now down one percentage points with energy shares leading losses. Adding to that decline, not for the first time, Credit Suisse shares slumping to a record low today. That's after the troubled Swiss bank was forced to deny a report that it's considering exiting the U.S. market and banking also in focus in the UK government's mini budget today. The cap on bankers bonuses inherited from the European Union is to be scrapped. A planned increase in corporation tax also to be scrapped and the top rate of income tax that is going as well in London and mu and pots Bloomberg daybreak. You and thanks higher interest rates around the world have oil on track for a fourth weekly decline, crude is poised for its first quarterly loss in more than two years as concerns about a global economic slowdown way on demand, checking prices down, nymex crews down 2.2% or a dollar 85 at 81 64 cents a barrel, Brent is down 2% at $88 65 cents. But Nathan, those losses for oil may be short lived, some of the Wall Street's biggest banks see crude rebounding in the fourth quarter JPMorgan Chase forecasting Brent crude at $101 a barrel, the final three months of the year. Goldman Sachs is targeting $125. Brent trading around $90 today analysts say low inventory and sustained demand will keep prices elevated despite concerns of a global slowdown. We have COVID news out of Asia this morning, Amy Hong Kong is announcing plans to cut pandemic prescription restrictions, sorry, scrapping hotel quarantines for inbound travelers starting Monday. Those flying to the city will no longer need to take a PCR test before departing, instead they can take a rapid test. They will still need to take PCR tests upon arrival though. Let's turn to corporate news now, Boeing is in focus. The company agreeing to settle an SEC investigation into safety issues on its 7 37 max planes. We get details from Bloomberg's Jeff Bellinger. Boeing has agreed to pay $200 million to settle SEC allegations that the company and former CEO Dennis mullenberg failed to disclose issues with the 7 37 max jetliner. Mullenburg will pay $1 million as part of the agreement, regulators say Boeing and mullenburg did not reveal safety problems with the 7 37 max, which was involved in two crashes that killed 346 people. The twin tragedies prompted one of the longest groundings in aviation history. Boeing previously paid a $243 million fine as part of a two and a half $1 billion settlement with the U.S. Justice Department to end a criminal investigation. That was in January of 2021. Jeff Bellinger, Bloomberg daybreak. Jeff, thanks, FedEx is cutting costs and increasing rates the giant package carriers looking for as much as $2.7 billion in savings to deal with slowing demand and a tight labor market. Last week, FedEx shares suffered their worst day in 40 years after the company pointed out worsening economic conditions. S&P futures are down 31 points down futures down 229 NASDAQ futures down a 113. Local headlines said a check of sports next. This is Bloomberg
Bloomberg Radio New York
"sali bloomberg" Discussed on Bloomberg Radio New York
"Knock your next futures are little change this morning. We are coming up to 6 O one on Wall Street I mean, check the markets every 15 minutes throughout the trading day on Bloomberg. Again, futures are that'll change. The decks in Germany is down about a tenth of a percent. Ten year treasury up 7 30 seconds. You have 3.23% and the yield on the two year 3.43% and nymex crude oil is down half percent at $81 53 cents a barrel, Nathan. Karen, we begin overseas this morning, the European Central Bank is getting ready for its first monetary policy meeting since July and economists expect the ECB to deliver a rate hike as high as 75 basis points. Bloomberg Stephen Carroll joins us with more from London. Good morning, Stephen. Good morning, Nathan and Karen yes 50 or 75 basis points that scene as the choice on the table for the ECB markets leaning towards a jumbo hike if confirmed it will be the first 75 basis point increase for the bank since 1999. Back then, Euro notes and coins weren't even in circulation. Policy makers want to get a grip on inflation that's running at a record 9.1% add to that rising fears of a recession, a weak Euro trading below parity with the dollar adding to those woes as European countries pay more for imported oil and gas that's priced in dollars. I'm Stephen Carroll Bloomberg daybreak. Right, Stephen, thank you, back here in the U.S. will be watching comments from Federal Reserve chair Jay Powell, a scheduled to take part in a moderated discussion hosted by the Cato institute this morning. Stick with us for live coverage of his remarks starting around 9 a.m. Wall Street time on Bloomberg radio and television. Yeah, markets will be following those remarks closely, Karen, after the release of the fed's beige book yesterday, a regional survey indicated weak prospects for economic expansion. Ryan lament is adviser to the board of directors at the currency capital. He says markets are pricing in interest rate hikes, but may not be taking quantitative tightening into account. Aggressive QT is actually doing what they say, they were going to do, which is reduce their balance sheets by $47 billion a month or double that. And they have not done so. So yes, risky assets are not pricing this because the fed has shown that it is not doing it. And maybe it will not do it. More aggressive given the geopolitics. This might create not a hard landing, but an actual crash. Ryan LeMond was security capital says investors should tread carefully as the fed reduces its balance sheet. Meantime, Nathan Goldman Sachs is lifting his forecast for the pace of interest rate hike, the bank now expects the fed to hike by 75 basis points this month and 50 basis points in November. The bank is also forecasting a 25 basis point move in December. All right, let's turn to the market action. Now, beginning in Asia, stocks in the region rebounded from two year lows overnight, bonds climbed after Australia's Central Bank signal to potential end to big interest rate hikes. Bloomberg's Juliet Sally joins us with the details from Singapore. Good morning, Juliet. Good morning, Nathan and Karen the regional index rose around 1% led by gains in Japan and Australia, Aussie stocks were bid along with bonds after RBA governor Lowe indicated the case for slower monetary tightening is getting stronger as borrowing costs climb, the Aussie was the weakest G ten performer, and the offshore yuan remained out of pressure despite the PBOC setting a stronger than expected fix for a 12th day, in Singapore, Juliet sali, Bloomberg daybreak. Thank you while we're keeping an eye on the yen this morning. It had big swings overnight, weaker than stronger. Now weaker again, there are reports that officials in Japan are meeting for the first time since June to discuss the situation. Checking the yen right now is at one 43.87 against a dollar. Who's staying overseas Karen, we have a big move in geopolitics, the U.S. is warning about Chinese threats to Taiwan, White House national security adviser Jake Sullivan says the U.S. is working to alter policy toward the island in light of threats from Beijing. I think it remains a distinct threat that there could be a military contingency around Taiwan. And the People's Republic of China has actually stated his official policy that it is not taking the invasion of Taiwan off the table that that remains one of the potential options for the reunification of Taiwan. National security adviser Jake Sullivan spoke on the David Rubenstein show peer to peer conversations, catch the program later this month on Bloomberg television. It's coming up September 21st at 9 p.m. eastern. Meantime, Nathan, the U.S. is also taking aim at China on the economic front, The White House is hosting the first gathering of Asian nations over an economic agreement that aims to counter Beijing's rising influence in the region. It comes as Chinese president Xi Jinping prepares to meet Russian president Vladimir Putin in person for the first time since Moscow invaded Ukraine. Bloomberg Stephen engel in Hong Kong says the agreement is unusually structured. It's a non traditional trade agreement that the United States and the Biden administration has come up with and has brought in a 13 other countries in the Asia Pacific and they're going to be meeting in Los Angeles in the inaugural meeting. It's going to be a couple of days. It's not really a traditional FTA free trade agreement. It is not like TPP. It's not really aimed at cutting tariffs. And Bloomberg Stephen engel says critics of the agreement argue it's too vague and want more details. All the while in China care in the city of Chengdu is extending a weeklong lockdown in most areas after an increase in COVID cases, Chengdu is home to 21 million people. It's the biggest city to shut since Shanghai's two month lockdown earlier this year. Authorities will continue mass testing and are pledging to eliminate community spread of the virus within a week. And finally, Nathan, let's talk oil, crudest slumped to an 8 month low as investors assess global demand amid China lockdowns at an economic slowdown. Why should I just intermediate pushback toward $83 a barrel after collapsing by almost 6% on Wednesday? The biggest loss since mid July, checking prices right now, my next crude oil is down half percent or 40 cents at $81 55 cents a barrel, Brent is down four 10% at $87, 61 cents. Futures again, well, they're starting to show some declines here, S&P futures down around three points. Now, futures down 19 NASDAQ futures down 11. Straight
Bloomberg Radio New York
"sali bloomberg" Discussed on Bloomberg Radio New York
"Sustain a bull run in the months ahead. When it comes to the fed minutes, John Wall Street focused on Central Bank officials discussing the need to eventually dial back the pace of interest rate hikes. Eric lund principal economist with the conference board says the important takeaway is that the fed will remain data dependent in its approach. We are all kind of figured they're going to at some point have to dial back the pace of the increases. It's a matter of what rate and when. So with the next meeting, a little over a month off. We still have about quite a bit of data points that are going to be coming out between now and then we're going to have to watch. Eric lund with a conference board says if inflation continues to fall, the fed will be well positioned to ease rate hikes. And Karen will also be watching for more economic data today at 8 30 Wall Street time, the Labor Department releases the latest figures on jobless claims. Economists predict a new high for the year with claims rising to 264,000. We are also going to get existing home sales for the month of July, the national association of realtors releases those figures at ten. While turning overseas now John stocks in Asia fell overnight as further downgrades to China's growth outlook soured sentiment, Bloomberg's Juliet Sally joins us from Singapore with the latest good morning Juliet. Good morning John and Karen Goldman Sachs lowered its projection for China's GDP to 3% from 3.3% citing weaker than expected July economic data, as well as near term energy constraints, Nomura slashed their forecast to 2.8 from 3.3%. The Bloomberg median forecast from economists is now at 3.9%. Stocks fell in Japan, China, and Hong Kong, and the Aussie was low for a fourth session after almost 41,000 jobs were lost in the nation last month versus expectations of a 25,000 job gain. In Singapore, Juliet sali Bloomberg daybreak. All right, thanks, Julie. Attentions with China remained front and center. The U.S. and Taiwan are sent to short a start formal negotiations on a bilateral trade agreement. Let's get more from Bloomberg's head Baxter. This is the next step in what has become a very heated and very sensitive issue for China. The statement says the two have already started formal negotiations, but the first sit down round will begin in early fall. They say it will cover trade facilitation, regulatory practices, and a corruption standards and deepening agriculture trade among others. The statement says it will promote innovation and will deepen the relationship. In San Francisco, I met Baxter Bloomberg daybreak. Right, Ed, thank you. We turn to corporate news now where news from Apple is front and center. The company is aiming to unveil this new iPhone next month and Bloomberg's ready to young joints us live with the details we need a good morning. Good morning Karen Bloomberg sources say apple's big reveal of the iPhone 14 is expected to come on September 7th. The flagship product generates more than half of apple's sales and the update comes at a time when smartphone sales more broadly have started to slump as consumers cope with inflation and a shaky economy. The launch kicks off a busy fall product season for the tech giant, which will include multiple new Macs, low end and high end iPads, and three Apple watch models. Live in New York, I'm Rene young Bloomberg daybreak. Thanks sticking with corporate news, Walmart, CBS, and Walgreens are getting hit with a big fine. The pharmacy chains were ordered to pay a total of $650 million over failure to properly monitor opioid prescriptions in Ohio. It's the drug industry's latest setback and litigation over the painkillers. Well, in the earnings front, John Cisco Systems came out with results that beat estimates shares are up four and a half percent in early trading after the company gave a bullish forecast and to get more from Bloomberg's Charlie pellet. Cisco is the biggest maker of machines that run the Internet and corporate computer networks it said revenue will grow two to 4% in the fiscal first quarter from a year earlier, analysts had predicted that sales will be roughly flat from a year ago when revenue was $12.9 billion for fiscal 2023 the company expects sales to expand as much as 6% the outlook suggests Cisco can weather a shaky economy and tech spending slowdown helped by better access to supply. In New York, Charlie palette Bloomberg daybreak. All right, thanks, Charlie. Bed Bath & Beyond another stock on the move this morning, the shares right now in the pre market down over 12% is a big investor sours on the stock. Ryan Cohen's RC venture says, filing that it might sell as much as 7.7 million shares of bed bath beyond, RC, the retailer's second largest shareholder after BlackRock. Well, on the flip side, John shares of Bluebird bio are up about 11% in early trading. The company's gene therapy for a rare blood disorder was cleared by U.S. regulators, Bloomberg said it plans to charge $2.8 million for the first ever one time treatment. And coming up today, more earnings on the docket this morning retail in focus once again, we're going to get results from BJ's Kohl's and Estee Lauder. Right now, down future is up two points. This is Bloomberg. As 5 O 7 on Wall Street, time to bring in Michael Barr with more with what else is going on in New York and around the world
Bloomberg Radio New York
"sali bloomberg" Discussed on Bloomberg Radio New York
"Recession at about 50% Likely of this stage to go into a deeper lung recession It's possible we go into recession obviously Probably 50 50 odds now But that's okay Morgan Stanley CEO James Gorman spoke yesterday at the Morgan Stanley U.S. financials payments and CRE conference At overseas stocks in Europe treading water not bouncing back from yesterday's losses to the stocks Europe 600 index right now is down four points Overnight in Asia equities followed U.S. stocks lower and Bloomberg's Julie at Sally joins us with the latest from Singapore Juliette good morning Good morning John and Nathan the MSCI Asia Pacific index film more than one and a half percentage today with bosses from Japan to China and Hong Kong all in the red Australia underperformed as that market played catch up following a public holiday Monday The ASX 200 was down more than 5% during the day's trade its worst session in more than two years Short dated bonds across the region's slump while the bank of Japan boosted Bond purchase operations to keep yields in check In Singapore Juliet sali Bloomberg daybreak Juliet has been a wild ride for risk assets Just look at crypto Bitcoin fell 15% yesterday perhaps no sector seen a sell off sharper than digital currencies Right now Bitcoin is trading at about $22,200 And oil trading near $122 a barrel is investors way a tight supply outlook It comes as The White House plans for President Biden to visit Saudi Arabia next month The administration won't press the kingdom to increase production it says but S&P Global vice chair Dan Jurgen says oil will be on the agenda It's hard to believe that he would be going to Saudi Arabia if it wasn't for oil I think he'd be just calm They'll start to put more oil into the market They've done a little bit more The thing is that there isn't much more oil in Saudi Arabia and the UAE to really significantly change the market S&P vice chair Dan Jurgen speaking to David west on a Bloomberg's balance of power catch that program noon Wall Street time a Bloomberg radio and TV All right let's turn to corporate news now John and talk about Twitter Elon Musk is set to address staff at the social media company directly this week Bloomberg junior young joins us live with what we know about that so far We need a good morning Good morning Nathan Bloomberg sources say this will be the first time Elon Musk addresses Twitter employees since agreeing to buy the company for $44 billion And Musk will take questions as the Thursday morning virtual meeting Now the company has been in a chaotic state since the deal was announced back in April And many employees are not happy with Musk He's been critical of the company in questions the amount of spam accounts Meantime Twitter's CEO has announced a series of cost cutting measures since the deal came together Live in New York I'm renita young Bloomberg daybreak All right thanks to ahead of the cash flow put on Wall Street Dow futures right now 72 points higher That's up two tenths of a percent The S&P futures of 12 and the NASDAQ came in the futures right now after yesterday's massive sell off 63 points higher as we look at yields right now the ten year three 31 that is down four basis points You're listening to Bloomberg daybreak And it's now 6 O 7 on Wall Street Time to bring.
Bloomberg Radio New York
"sali bloomberg" Discussed on Bloomberg Radio New York
"A new trading week at a 6 O one on Wall Street We check the markets every 15 minutes during the trading day on Bloomberg S&P futures are down 92 points Dow futures down 597 NASDAQ futures are lower by 351 points The ten year treasury is down 23 30 seconds the yield 3.24% John Now there's a global exodus from stocks and bonds this morning following Friday's 880 point drop in the Dow and the hotter than expected inflation reading this morning the U.S. two year and ten year yield curve inverted for a brief time The two year exceeding the ten year for the first time since early April which some do consider a recession warning The move comes as investors grow more concerned about high prices and the fed tightening Muhammad el Arian Allianz chief economic adviser and Bloomberg opinion columnist says things are getting harder for the fed I think you've got to be very modest about what we know about this inflation process And I fear that it's still going to get worse We may well get to 9% at this rate Muhammad el Arian was a guest on face the nation from CBS heard Sunday some Bloomberg radio He says the U.S. is now in a period of stagflation that warns that higher prices could tilt the U.S. economy into recession While June's two day FMC meeting begins tomorrow John and traders are betting the Federal Reserve will raise rates by 75 basis points at least once in its next three meetings but Neil Dada had of economic research at renaissance macro tells Bloomberg he does not expect fed chair Jay pal to raise them that high at this meeting I don't know that they'll go that much because I do think that 75 basis points kind of undercuts the guidance that they put in place at their last meeting And number two I think that would probably represent potentially a new pace of rate hikes at that point which would then I think shock the market Neil dutta of renaissance macro says he thinks the fed will still sound hawkish this week Join us for live coverage of Wednesday's fed decision a special edition of Bloomberg surveillance starts that day at one 30 p.m. Wall Street time on Bloomberg radio and television And as U.S. futures fall stocks in Europe also tumbling the stocks 600 is down 2.3% Overseas in Asia stocks also dropped ban yields surged while the Japanese yada reached the weakest level in 24 years Bloomberg's Juliet Sally joins us with the latest from Singapore The yen wakened to a 135 spot 19 against the dollar the lowest level since 1998 Japan's ten year bond yield rose above .25% breaching the upper end of the bank of Japan's policy band Equity shared more than two and a half percent across Asian markets the worst day in three months Tech shares in Hong Kong declined by almost 4% intraday weighing on the broader hang seng index in Singapore Juliet sali Bloomberg daybreak Okay Juliet thank you Bitcoin's feeling.
Bloomberg Radio New York
"sali bloomberg" Discussed on Bloomberg Radio New York
"Wall Street We checked the markets every 15 minutes throughout the trading day on Bloomberg S&P futures at 40 points down futures have 252 and NASDAQ futures up 161 The Dax in Germany is up 9 tenths of a percent The ten year treasury is down 7 30 seconds to yield is at 2.96% of the yield on the two year 2.68% Nathan Well Karen we are seeing this lift in markets as we begin a new trading week and helping to boost sentiment in Asia Beijing reopening further from COVID restrictions Let's get the recap from Bloomberg's Juliet Sally in Singapore good morning Juliet Good morning Nathan and Karen Japanese equities are raised earlier losses in tech shares rose in Hong Kong following the long weekend This after a gauge of Chinese companies traded in the U.S. had risen 2% over the two trading sessions at Hong Kong had been closed Stocks in Mainland China advanced as Beijing eased back COVID-19 restrictions also lifting the onshore yuan Australian stocks fell backing the trend ahead of an expected second consecutive interest rate increased Tuesday while Swiss bank UBS said buying the Aussie dollar is a phenomenal trade In Singapore Juliet sali Bloomberg daybreak All right Julia thank you for oil also on the Raj this morning approaching a $120 a barrel Saudi Arabia is signaling confidence and demand for oil The kingdom raised prices more than expected for Asian customers Began more from Bloomberg markets live editor Heather Burke Saudi Arabia is signaled confidence with the demand with this bigger than expected price increase if it's crude for Asia And overall we're seeing improving demand picture We're heading into peak summer driving season And also in China which is the top crude buyer bait they continue to ease COVID restrictions which should also help the demand side of oil I blow our markets live editor Heather Berg says oil has rallied almost 60% this year checking prices right now nymex crude oil A paid 10% or 91 cents at a $119 80 cents a barrel and Brent is up 8 10% at a $120 73 cents Well rising oil prices have certainly been a major factor in inflation increases Karen and now President Biden's commerce chief Gina raimondo says it may make sense to live tariffs on some imported products to help ease higher prices Steel and aluminum we've decided to keep some of those tariffs because we need to protect American workers and we need to protect our steel industry That's a matter of national security There are other products household goods bicycles et cetera And it may make sense Commerce secretary Gina romando made the comments on CNN over the weekend Bracing for a key report on inflation Nathan we get the story from Bloomberg's Vinny del giudice The Labor Department will issue mace consumer price index on Friday economists say that year over year inflation rate will continue near historic levels topping 8% a major driver in May record petroleum costs in addition to the sustained run up in other household Staples Also on this week's date agenda University of Michigan figures on consumer sentiment sentiment has been running low as the cost of living runs high They need to shoot ice Bloomberg daybreak All right Vinnie thank you as the fed remains focused on fighting inflation We are getting word from Goldman Sachs that the U.S. economy remains on a narrow path to a soft landing Let's get more on that line from Bloomberg's we need a young good morning granita Good morning Nathan Goldman says improving inflation numbers and other factors suggest that the fed may be able to pull off its aggressive rate hike plan without tipping the country into a recession Goldman economists say sequential core inflation appears to be slowing and pressures on the supply chain are improving even as signs of softening in the job market emerges Now the economists say while the deterioration and indicators like the first quarter's GDP contraction suggest near term recession risks has increased other measures show output is expanding Live in New York I'm ready to young Bloomberg daybreak We need to thank you at least a half a dozen central banks are expected to raise interest rates this week Meanwhile the European Central Bank is predicting to finally join the global tightening bandwagon with policymakers on Thursday expected to announce it and to bond purchases and formally begin the countdown to an increase in borrowing costs in July While staying in Europe Karen the future of Boris Johnson is in focus as he faces a leadership vote in his ruling Conservative Party Let's go to London and get the very latest with Bloomberg's UN pots Good morning Ewan Good morning Nathan and Karen after months of speculation at 8 a.m. outside the British House of parliament It was announced that the prime minister is to face a vote of confidence in his leadership This after more than 15% of lawmakers from Boris Johnson's own Conservative Party called for the vote the p.m.'s been under fire for a series of illegal gatherings a Downing Street during the COVID lockdowns The vote on Johnson's future will conclude at 8 p.m. London time and he needs the support of at least half of lawmakers to keep his position In London I'm Muhammad Bloomberg daybreak You and thank you back here in the U.S. President Biden will take executive action to boost the U.S. solar industry Bloomberg's Amy Morris has details from our 99 one newsroom in Washington Sources tell Bloomberg news the president plans to invoke the defense production act to provide support for U.S. made solar panels while announcing a two year halt on new solar tariffs Now that would allow domestic developers to use the foreign equipment while U.S. manufacturing ramps up The White House is also set to use the federal government's purchasing power to help support American clean energy manufacturers The announcement could come as early as today In Washington I'm Amy Morris Bloomberg daybreak Okay Amy thank you And Starbucks is looking at external candidates.
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"Shanghai damp and prospects for a reopening investors also appearing to be unimpressed by Premier Li's comments urging officials to use fiscal and monetary policies to stabilize employment and the economy Hong Kong shares came under pressure as the city and defend defend its currency for the first time since 2019 In Singapore Juliet sali Bloomberg daybreak All right Juliet thank you We're also seeing cryptocurrencies continue their sell off this morning and we get the latest on that live with Bloomberg's ranita young in New York good morning ready to good morning Karen the crypto market has lost more than $200 billion in wealth over the past 24 hours Bitcoin's trading at its lowest level since 2020 At one point this morning it touched just over 25,000 Right now it's trading at close to 28,000 It's been falling in conjunction with the regular market but the collapse of the Terra USD stablecoin is triggering a flight from many of the large digital tokens And backers of the coin are trying to raise about $1.5 billion to shore it up Stablecoins are key elements of the crypto market There were traders park funds as they move in and out of other tokens The total total value of all stablecoins is beyond $100 billion Live in New York I'm Renee young Bloomberg daybreak All right we need a thanks Let's turn to corporate earnings on Wall Street Now we've been watching shares of Disney this morning They're down more than 5% in early trading after the company reported subscriber gains for its flagship streaming service that beat estimates But it's also tempering its outlook for the year We get the details from Bloomberg's Charlie pellet Disney said it will trim spending on movies and TV shows on the conference call CEO bob chapek said Disney is lowering its projection for overall film and TV spending by $1 billion to 32 billion this year Disney did report better than expected growth in its flagship Disney+ streaming service while saying half of Disney+ subscribers are adults without kids In New York Charlie pallett Bloomberg daybreak All right Charlie thank you all on the economic front today We'll get another key reading on inflation that producer price index comes out at 8 30 a.m. Wall Street time and we get a preview from Bloomberg's Michael McKee Inflation isn't going away soon but it may ease a bit Producer prices are forecast to have increased more slowly in April following a stronger than expected gain the previous month while food prices continued to accelerate oil prices retreated in April supply chain snarls could worsen amid China's COVID lockdowns suggesting wholesale inflation will be slow to recede coming after a firm April CPI the PPI is unlikely to add much to market thinking about inflation or the fed's plans for raising rates Michael McKee Bloomberg daybreak Mike thanks as the fed fights inflation It's adding another new member to its ranks The Senate's added a third nominee of President Biden's to the fed board lawmakers confirmed economist Philip Jefferson as fed governor yesterday Today Senate Democrats expect to vote to confirm Jerome Powell to a second term as fed chair And in the markets this morning Nathan we're seeing the impact of the recent Bond sell off pimco saw clients pull more than $14 billion from its funds last quarter as investors fled fixed income securities amid rising interest rates Well stocks are what investors are fleeing from this morning Karen right now S&P futures are down 29 points Down futures down a 187 NASDAQ futures are lower by a 131 points The ten year treasury is up 25 30 seconds now the yield 2.82% and the yield on the two year almost 2.57% Just had your latest local headlines in the check of sports This is Bloomberg.
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"Shanghai damp and prospects for a reopening investors also appearing to be unimpressed by Premier Li's comments urging officials to use fiscal and monetary policies to stabilize employment and the economy Hong Kong shares came under pressure as the city intervened to defend its currency for the first time since 2019 in Singapore Juliet sali Bloomberg daybreak Julianne thank you Well we're also seeing cryptocurrencies continue their sell off this morning We get the latest on that live from Bloomberg's renita young in New York good morning Renee Good morning Karen Bitcoin is trading at its lowest level since 2020 At one point this morning it touched just over 25,000 And right now it's trading at close to 28,000 It's been falling in conjunction with the regular market but the collapse of the Terra USD stablecoin is triggering a flight from many of the large digital tokens And backers of the coin are trying to raise about $1.5 billion to shore up the token Stablecoins are key elements of the crypto market there were traders park funds as they move them in and out of other tokens The total value of all stablecoins is beyond $100 billion Live in New York I'm Renee young Bloomberg day break All right we need to thank you Let's turn to corporate earnings on Wall Street Now that's what's driving shares of Disney lower down to about 5% in early trading The company reported subscriber gains for its flagship streaming service those beat estimates but Disney's also tempering its outlook for the year We get the details on that from Bloomberg's Charlie pellet Disney said it will trim spending on movies and TV shows on the conference call CEO bob chapek said Disney is lowering its projection for overall film and TV spending by $1 billion to 32 billion this year Disney did report better than expected growth in its flagship Disney+ streaming service while saying half of Disney+ subscribers are adults without kids In New York Charlie pallett Bloomberg daybreak All right Charlie thank you Well on the economic front today we'll get another key reading on inflation the producer price index comes out at 8 30 a.m. Wall Street time and we get a preview from Bloomberg's Michael McKee Inflation isn't going away soon but it may ease a bit Producer prices are forecast to have increased more slowly in April following a stronger than expected gain the previous month while food prices continued to accelerate oil prices retreated in April supply chain snarls could worsen a mid China's COVID lockdowns suggesting wholesale inflation will be slow to recede coming after a firm April CPI the PPI is unlikely to add much to market thinking about inflation or the fed's plans for raising rates Michael the key Bloomberg daybreak All right Mike thanks As the fed fights inflation it's adding another member to its ranks The Senate has confirmed a third nominee of President Biden's to the fed board Lawmakers confirmed economist Philip Jefferson as fed governor yesterday Today Senate Democrats expect to vote on Jerome Powell's bid for a second term as Federal Reserve chair And in the markets this morning Nathan we're seeing the impact of the recent Bond sell off Pimco saw clients pull more than $14 billion from its funds last quarter as investors fled fixed income securities amid a rising interest rates The sell off in equities continues this morning Karen with S&P futures now down 28 points down futures down a 176 NASDAQ futures are lower by a 137 points the ten year treasury is up 23 30 seconds yield on the ten year 2.82% Straight ahead local headlines and a check of sports This is Bloomberg It's now 5 O 7 on Wall Street We're at 60° in Central Park So far so good on the roads Hope I'm not jinxing it Michael Barr.
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"The markets every 15 minutes throughout the trading day on Bloomberg I guess in P futures down 64 points down features down 409 and asda futures down 243 ten year treasury down 1630 seconds yield 3.19% and a yield on the two year 2.70% and nimesh crude oil is falling down 1.8% Nathan Karen looks like more of the same as we enter this new trading week Stocks slumping in the dollar is trading at a two year high as the fed's aggressive tightening path and China's COVID lockdowns hit the economic outlook Steve Brown is senior portfolio manager at American century investment management The fed's going to continue to raise rates to get the results they want And I think one of the after effects of their rate hikes will be a slowdown in GDP in the second half of the year in the United States as well as a reduction in earnings estimates for many companies within the S&P 500 American century Steve Brown notes the S&P 500s coming off its 5th straight weekly drop That's the longest losing streak since 2011 While Nathan there was heavy selling in Asia overnight Japan's nikkei dropped two and a half percent while stocks in Hong Kong plunged 3.8% We get the recap from Bloomberg's Juliet Sally in Singapore good morning Juliet Good morning Karen Chan is unsure yuan slid past 6.7 to the dollar for the first time since 2020 amid data showing stagnating imports in the slowest export growth in dollar terms since the pandemic premier lika Chung warned about the employment situation as Beijing and Shanghai Titan virus cubs sending stocks lower Australia's dollar slumped against the greenback testing 70 U.S. cents Indonesian stocks fell the most since November 2020 as markets reopened after the weeklong aid holiday in Singapore Juliette sali Bloomberg daybreak All right Julia thank you We now turn to the war in Europe As Russia's invasion of Ukraine enters its tenth week president Vladimir Putin is presiding over his annual display of military might on Moscow's red square Let's get the very latest from Bloomberg's Ewan Potts Good morning Ewan Good morning Nathan Russia's president has justified his war in Ukraine as a battle comparable to the fight against Nazi Germany as Putin's faltering ten week old military action rumbles on He's been speaking at Russia's annual victory day celebration on Moscow's red square This year's display included 11,000 troops and weaponry including tanks air defense systems and nuclear missile launches This year foreign leaders were not invited in London I'm your impart Bloomberg daybreak All right you and thank you Beck here in the U.S. the government is adding more sanctions on Russia including a ban on American accounting and consulting firms and Bloomberg states Baxter has the story The measures also include new export controls on industrial goods limits on three of Russia's top state controlled TV stations and additional Visa restrictions Now the accounting part imposes the first sanctions on Gazprom bank encompassing 27 sanctions It is a first there because the U.S. was afraid of disrupting oil shipments but now that the G 7 has approved cutting those shipments it decided to go ahead In San Francisco I met Baxter Bloomberg daybreak All right Ed thank you President Biden is also working on his political agenda back home He is about to make high-speed Internet more widely available across the United States even for households that normally can't afford it Amy Morris has details from our Bloomberg 99 one newsroom in Washington It is part of the infrastructure law that passed last year 20 Internet providers including AT&T Comcast and Verizon agreed to offer high-speed connections at essentially no cost to millions of low income households Sources tell Bloomberg news some companies will drop the prices of existing plans others will raise their speed The companies were offered anything and they won't get additional government funding The government is also launching a website called get Internet dot gov to get more people involved in the program President Biden will formally announce the plan today In Washington I made me more as Bloomberg daybreak All right Amy thank you while staying in Washington now It looks like the U.S. government had a record tax hall this spring Some of the credit goes to the surge in individual stock trading by Americans According to Treasury Department data tax collection since it started the fiscal year in October are running at a record high of some 43% over the same period in 2019 That's surpassed Wall Street and is helping to shrink the budget deficit Well tax collections go up Karen So does the price of gas In fact the average price of regular grade gasoline jumped 15 cents over the past two weeks to $4 and 38 cents per gallon industry analyst lundberg says that's a dollar 36 higher than it was a year ago nationwide the average the highest average price for regular grade is in the San Francisco Bay Area 5 85 a gallon All right Nathan well another former Trump administration official is telling all about the inner workings of The White House Former defense secretary Mark Esper said he prevented a dangerous things from happening during his time at The Pentagon like attacking Venezuela and blockading Cuba Esper says president Trump even suggested military action closer to home The president pulls me aside on at least a couple occasions and suggests that maybe we have the U.S. Military shoot missiles into Mexico Shoot missiles into Mexico for what He would say to go after the cartels Former defense secretary Mark Esper tells CBS 60 minutes the former president told him no one would know the attack came from the U.S. Trump responded to Esper's claim in a statement writing quote no comment Listeners in the Washington area can hear 60 minutes every Sunday Night at ten on Bloomberg 99 one And a programming note this morning Karen please join us on.
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"Morning I'm Nathan Hager And I'm Karen Moscow U.S. stock index futures are falling this morning led by technology shares are coming up to 5 O one odd Wall Street and we check the markets every 15 minutes throughout the trading day on Bloomberg Right now S&P futures are down 56 points down futures down 372 NASDAQ futures are down 203 That's down 1.6% Ten year treasury down 1330 seconds yield 3.17% And the yield on the two year 2.72% Nathan Well Karen it sounds like more of the same as we enter a new trading week stock slumping the dollar is trading at a two year high as the fed's aggressive tightening path and China's COVID lockdowns hit the economic outlook Steve Brown is senior portfolio manager at American century investment management The fed's going to continue to raise rates to get the results they want And I think one of the after effects of their rate hikes will be a slowdown in GDP in the second half of the year in the United States as well as a reduction in earnings estimates for many companies within the S&P 500 American century Steve Brown notes the S&P 500s coming off its 5th straight weekly drop that is the longest losing streak since 2011 There is heavy selling in Asia overnight Nathan Japan's nikkei dropped two and a half percent while stocks in Hong Kong plunged 3.8% We get the recap from Bloomberg's Juliet Sally in Singapore good morning Juliet Good morning Karen Chan is unsure yuan slid past 6.7 to the dollar for the first time since 2020 amid data showing stagnating imports in the slowest export growth in dollar terms since the pandemic premier lika Chang warned about the employment situation as Beijing and Shanghai Taj and virus curbs sending stocks lower Australia's dollar slumped against the greenback testing 70 U.S. cents Indonesian stocks fell the most since November 2020 as markets reopened after the weeklong aid holiday in Singapore Juliette sali Bloomberg daybreak All right Juliet thanks We now turn to the war in Europe As Russia's invasion of Ukraine enters its tenth week president Vladimir Putin is presiding over his annual display of military might on Moscow's red square Let's get the very latest live with Bloomberg's you and Potts Good morning Ewan Good morning county Nathan Russia's president has justified his war in Ukraine as a battle comparable to the fight against Nazi Germany as Putin's faltering ten week old military action rumbles on He's been speaking at Russia's annual victory day celebration on Moscow's red square This year's display included 11,000 troops and weaponry including tanks air defense systems and nuclear missile launchers But this year foreign leaders were not invited in London I'm mu and pots Bloomberg daybreak You and thank you back here in the U.S. the government is adding more sanctions on Russia including a ban on American accounting and consulting firms and Bloomberg's and Baxter has that story The measures also include new export controls on industrial goods limits on three of Russia's top state controlled TV stations and additional Visa restrictions Now the accounting part imposes the first sanctions on Gazprom bank encompassing 27 sanctions It is a first there because the U.S. was afraid of disrupting oil shipments but now that the G 7 has approved cutting those shipments it decided to go ahead In San Francisco I met Baxter Bloomberg daybreak All right Ed thank you President Biden's also working on his political agenda back home He is about to make high-speed Internet more widely available across the United States even for households that normally can't afford it Amy Morris has more from our Bloomberg 99 one newsroom in Washington It is part of the infrastructure law that passed last year 20 Internet providers including AT&T Comcast and Verizon agreed to offer high-speed connections at essentially no cost to millions of low income households Sources tell Bloomberg news some companies will drop the prices of existing plans others will raise their speed The companies weren't offered anything and they won't get additional government funding The government is also launching a website called get Internet dot gov to get more people involved in the program President Biden will formally announce the plan today In Washington I'm Amy Morris Bloomberg daybreak All right Amy thank you about staying in Washington now It looks like the U.S. government had a record tax all this spring Some of the credit goes to the surge in individual stock trading by Americans according to Treasury Department data tax collection since the start of the fiscal year in October are running at a record high up some 43% over the same period in 2019 That surprised Wall Street and is helping to shrink the budget deficit While tax collections rise Karen so is the price of gas in fact the average price of regular grade gasoline jumped 15 cents over the past two weeks to $4 38 cents a gallon industry analyst trilby lundberg says that's a dollar 38 higher than it was a year ago Nationwide the highest average price for regular great gas is in the San Francisco Bay Area at 5 85 per gallon While Nathan another former Trump administration official is telling all about the inner workings of The White House former defense secretary Mark Esper says he prevented dangerous things from happening during his time at The Pentagon like attacking Venezuela and blockading Cuba Asper says president Trump even suggested military action closer to home The president pulls me aside on at least a couple occasions and suggests that maybe we have the U.S. Military shoot missiles into Mexico Shoot missiles into Mexico for what He would say to go after the cartels Former defense secretary Mark Esper tells CBS 60 minutes the former president told him no one would know the attack came from the U.S. Trump responded to Esper's claim in a statement writing quote no comment Listeners in the Washington area can hear 60 minutes every Sunday Night at ten on Bloomberg 99 one And a programming note across Bloomberg radio join us later this morning on Bloomberg.
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"Since 2018 Chinese tech firms dropped the hang seng tech index heading for the lowest close since the inception of that gauge in 2020 Alibaba leading to clans they're following a Bloomberg report that authorities have begun another round of checks on its FinTech business arm Gold stocks were bid this amongst the search for havens and yields on benchmark Japanese and Australian debt film in Singapore Juliet sali Bloomberg daybreak Julia thank you The equity sell off will steepen if the situation in Ukraine worsens that's according to Goldman Sachs which says outright conflict in Ukraine coupled with punitive sanctions could push U.S. stocks down another 6% from Friday's close The bank predicts the worst equity losses in Europe and Japan Goldman says in a worst case scenario a 10% decline in Russia's currency would push oil up 13% and cause a 27 basis point decline in benchmark treasury yields And speaking of treasury's Nathan a long dated yields are little change now this morning geopolitics are the latest catalyst but the fed and commodity prices are also playing a role and we get more from Bloomberg's Joanna hostinger Right now we really have had this drop back in treasury yields But a lot of that is on the idea It could stop the fed from hiking as much You have haven demand that sort of thing But then you do have the commodity prices potentially seeing sustained increases If so a lot of the question then would be can the global economy handle it Will it really start to bite So if you start to get the inflation in addition to everything else it could be trouble But for now the markets are saying that treasury yields need to go lower Bloomberg's your White House and your C is a risk off sentiment across the board this morning right now ten year treasury yields are at 1.92% Well oil nickel and aluminum have been jumping Karen as traders weigh the risk of supply disruptions from potential sanctions against Russia European gas prices have surged more than 10% checking oil right now Brent crude is up two and three quarters percent at $98 two cents a barrel nymex crude is up 4.2% at 94 90 Gold is trading at 8 month high this morning checking gold on the comics It's at 1897 80 ounce Interest rates are also on the radar this morning Nathan fed governor Michelle Bowman suggests that a 50 basis point rate high could be on the table next month She told the conference in California it's too early to tell Bowman says she favors quote forceful action to quell high inflation Turning to the pandemic now Karen Hong Kong continues to battle rising COVID infections That has the city extending pandemic restrictions and other two months chief executive Carrie lam says virus curbs will be extended till late April And we're watching shares of Home Depot reported at just reported earnings shares are up 9 tenths of a percent in early trading and it reported fourth quarter comp sales that easily beat analysts estimates of 8.1% And this is Bloomberg Thanks Karen 6 O 7 on Wall Street time to bring in Michael Barr for a look at what's going on in New York and around the world Good morning Michael Good morning Nathan New York City has started its latest plan to tackle both crime.
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"And via the Bloomberg business app Good morning I'm Nathan Hager And I'm Karen Moscow and global stocks are tumbling this morning We're coming up to 5 O one on Wall Street and we check the markets every 15 minutes throughout the trading day on Bloomberg S&P futures down 47 points down futures down 328 NASDAQ futures down 177 the Dax in Germany is down 3.6% The ten year treasury of 9 30 seconds yield 1.90% they yield on the two year 1.50% and the Euro 1.1310 against the dollar Nathan Well carrying these dramatic moves in markets come as tensions build between Russia and Ukraine Moscow's military buildup near the border means this could be a decisive week in the conflict Amy Morris has the latest from our Bloomberg 99 one newsroom in Washington Vladimir Putin says the U.S. has failed to meet his demands the U.S. warns an invasion is imminent National security adviser Jake Sullivan told CBS's face the nation There's a possibility there will be a major military action very soon They could launch a military action essentially at any time They could do so this coming week But of course it still awaits the go order Sullivan says Putin could move before the Winter Olympics end February 20th President Biden spoke with Putin for a little more than an hour on Saturday with no real progress Russia repeatedly denies any intention of invading Ukraine In Washington I made me more as Bloomberg daybreak All right Amy thank you reaction pouring into the potential conflict over Ukraine Ariel Cohen a senior fellow at the Atlantic council says an invasion looks imminent We do not give Putin what he wants I think he will invade Ukraine He has an excuse His demands are impossible to fulfill such as rolling back NATO to the lines of 1997 And I think he deliberately demanded such harsh demands in order to have a pretext to cast those belly to invade Ukraine Ariel Cohen with the Atlantic council says Russia has denied plans to attack The White House's threatening sweeping sanctions in response to any incursion Well carrying these tensions over Ukraine have stocks selling off this morning overnight Stocks in Asia slid for a second session Let's get the recap from Bloomberg's Juliette Sally in Singapore Good morning Juliet Good morning Nathan and Karen the MSCI Asia Pacific index fell over 1% Japanese stocks among the worst performers as they played catch up following a three day weekend than a K two two 5 was down by 2.3% in Tokyo China's CSI 300 in the equity market in Hong Kong which is also facing a COVID outbreak traded in the red energy stock so buck the trend across the region climbing as oil added to an 8 week winning run and the bank of Japan intervened in the bond market to put a cap on ten year yields which had risen to a 6 year high by offering to buy an unlimited amount of 5 to ten year In Singapore Juliet sali Bloomberg daybreak Gilead thank you stocks in Europe this morning are under even more pressure Let's go live to London and get the latest with Bloomberg's Ewan paws Good morning Ewan Good morning Karen and Nathan you're up stock 600 plunging to a three week low today currently trading down 2.8% Every single sector in the red this morning would travel on leisure stocks and banks among the worst performers Companies exposure to Russia and Eastern Europe under pressure and clarion slumping today That's after the Swiss chemicals maker said it's launching a probe into possible accounting irregularities it's also delayed publishing its full year earnings Clarion shares down 18% live in London I'm you and Potts brimberg daybreak All right you and thanks for also seeing geopolitical tensions have an impact on energy markets at one point this morning crude rallied more than 1% to hit its highest level in 8 years checking prices now West Texas intermediate crude is little changed up a penny at 93.7 cents a barrel Brent is little changed as well at $94 40 cents Well Nathan Ukraine tensions are dealing another blow to markets that are already skittish about inflation and interest rates forecast call for as many as 7 rate hikes from the fed this year San Francisco fed president Mary Daly says the Central Bank needs to be measured in its approach What I would favor is moving in March and then watching measuring being very careful about what we see ahead of us And then taking the next interest rate increase when it seems the best place to do that And that could be in the next meeting or it could be a meeting away And San Francisco fed president Mary Daly made the comments on face the nation from CBS you can hear the program every Sunday right here on Bloomberg radio Look for more inflation data this week Karen and that could mean more unsettling numbers for the U.S. economy Bloomberg's vinyl giudice reports Economists say February's producer price index will remain elevated after January's increase at 9.7% the second highest since 2010 the supply chain is slowly untangling post pandemic higher labor costs reflection of worker shortages are also at play Data and January import prices are also forecast to remain elevated keeping pressure on consumer prices Any doubt should I Bloomberg daybreak If any thank you well as COVID cases ease across the country back to the office plans are coming back as it turns out a growing number of white collar workers do not want to return to the office full time We get the details live from Bloomberg's reneed a young good morning radiator Good morning Karen just 3% of white collar workers want to return to the office 5 days a week That's according to a poll by management consultancy advanced workplace associates which warns employees will quit if companies force them back full-time 86% of the 10,000 employees polled globally would work from home at least two days a week People from all age groups at a broad range of industries felt the same way and advanced workplace associates managing director Andrew mawson says bosses who are not sensitive to their employees needs will suffer accordingly Live in New York I'm ranita young Bloomberg daybreak Okay renita thanks Right now S&P futures are down 43.
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"And Aztec futures down 91 The decks in Germany's down four tenths of a percent cack in Paris down 1% FTSE 100 down 7 tenths of a percent Ten year treasury up 7 30 seconds yield 2% yield on the two year 1.59% nymex crude oil is up 7 tenths percent or 68 cents at $90 55 cents a barrel combs gold down 6 tens percent or $10 30 cents at 1827 ten ounce the Euro 1.1396 against the dollar Nathan Well Karen the drop in futures follows yesterday's inflation fueled sell off We saw the NASDAQ 100 lead declines bonds were hit hard after the CPI report that showed inflation running at its highest pace in four decades Emily hill is a founding partner at bowersock Capital Partners I think there was a hope out there that inflation was moderating or at least an inflation was peaking And the numbers look like that is not the case So the market is now pricing in much higher likelihood of a 50 basis point increase in rates in March which I don't think is a huge surprise Emily hill with Bauer saw Capital Partners made the comments on Bloomberg businessweek catch the program weekdays at 2 p.m. eastern on Bloomberg radio On Nathan we also saw that selling in equities spill over to Asia overnight and we get the recap from Bloomberg Julian has Sally and Singapore Good morning Juliet Good morning Karen silver notes dropped in New Zealand and Australia where the three year yield hit its high since 2019 the MSCI Asia Pacific index Japan which was closed for a holiday dropped the most in two weeks dragged lower by tech stocks amid the rise in yields Elsewhere Chinese banks extended a record amount of loans in January providing a boost to a slowing economy $626 billion of new loans lent in the month being economists median estimate and the highest level in data going back to 1992 in Singapore Juliet sali Bloomberg daybreak Okay Juliet thanks This is all a response to higher interest rates and the call for more rate hikes this year is growing Bloomberg's running a young joins us live to pick up that angle of the story Good morning granita Good morning Nathan Goldman Sachs now sees the fed raising interest rates 7 times this year It's earlier prediction was 5 The bank expects the fed to lift rates by 25 basis points in each of its meetings this year to tame the hottest inflation in four decades Traders are also pricing in 7 fed hikes this year sending global bond yields soaring and data yesterday showed U.S. consumer prices posting the biggest jump since 1982 Live in New York I'm renita young Bloomberg daybreak I need a thank you There's also growing speculation the fed may opt for a 50 basis point rate hike at next month's meeting St. Louis fed president Jim bullard who votes on rates this year says he favors three hikes by July with one of them being a half point move Richmond fed president Thomas barkin is less convinced of the need for a dramatic increase Open to it conceptually Sure I mean there will be times where we'll need to do that There have been times in the past we have done Do I think there's a screaming need to do it right now I'd have to be convinced on that Richmond fed president Thomas Burke had made the comments at an event at the Stanford institute for economic policy research In the meantime Karen the fed's feeling pressure from Congress The top Republican on the Senate banking committee wants an overhaul of the Federal Reserve's regional bank system Senator pat toomey of Pennsylvania says the 12 regional banks reformed to manage economies in their districts but that's no longer the case.
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"The rally we saw last year LPL financial chief market strategist Ryan Dietrich made the comments on Bloomberg businessweek catch the program weekdays at 2 p.m. eastern on Bloomberg radio Beloved night Nathan we saw stocks in Asia follow Wall Street higher We get the recap from Bloomberg's Julia at Sully and Singapore Good morning Juliet Good morning Karen Chinese stocks advanced in afternoon trading tracking a rally in regional peers in a state backed funds intervention in the previous session allayed fears of a further route The smaller tech focused China's index also gained after entering a technical bear market in the previous session Meanwhile a rebound in Texas such as Alibaba boosted Hong Kong's market the hang sang index up more than 2% And the bank of Japan opted not to deviate from its panned quarterly bond purchases holding fire even as yields rose to 6 year highs in Singapore Juliet sali Bloomberg daybreak Okay Juliet thank you Earnings continue to be a focus on Wall Street this week Shares of Lyft are down more than 4% in early trading Revenue at the company beat estimates but riders fell short in the face of the variant We get the details from Bloomberg's Charlie pellet While Lyft was benefiting from higher prices because of a shortage of drivers it also reported fewer riders of an expected as a damp travel Revenue rose 70% from a year ago the company reported 18.7 million active riders in the quarter up 49% from a year earlier but still short of the 22.9 million in 2019 analysts were expecting 20 million In New York Charlie pellet Bloomberg daybreak Charlie thank you another stock we're keeping an eye on this morning is container store shares are down 25% after an earnings forecast that trailed estimates even before today's slump container stores stock was down 40% from its peak in March Karen we get earnings from 15 companies in the S&P 500 and Disney headlines the list Let's get a preview from Bloomberg's Tom busby Well the big focus for Disney's first quarter earnings today will be on subscriber growth at Disney+ it's streaming video service as more people shift to viewing movies and shows online Forecast call for just over a 125 million subscribers now a sizable increase thanks to colder winter.
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"Good morning I'm Nathan And I'm Karen Moscow U.S. future is looking at stage a comeback They're rebounding off the worst levels this morning and moving higher We're coming up to 5 O one on Wall Street and we check the markets every 15 minutes throughout the trading day on Bloomberg S&P futures have 5 points down futures up 6 NASDAQ futures up 54 The Dax in Germany is down four tenths of a percent and your treasury up 6 30 seconds yield 1.84% Nathan Karen stocks did sell off overnight after yesterday's hawkish tilt from the fed but U.S. futures are bouncing back from session lows J Powell signaled a march interest rate hike but also stoked speculation about more aggressive policy in the months ahead I think there's quite a bit of room to raise interest rates without threatening the labor market By so many measures historically tight labor market With a yield curve flattened on the heels of those comments from Jay Powell this morning two year yields are rising while tenants and 30s fall former fed vice chair Alan blinder expects a rate hike at every meeting this year Think about where we are now We're almost at a zero rate of four rate hike puts you just above 1% That's hardly a Central Bank that's trying to clamp down on its economy Former vice chair Alan blinder says the fed will continue to be data dependent on this morning money markets are now pricing 5 rate hikes from the fed this year Nathan U.S. stocks sank after the fed decision and that trend continued overnight with heavy selling in Asia We get the recap from Bloomberg's Juliet Sally in Singapore Good morning Julia Good morning Karen the MSCI Asia Pacific index posted its biggest drop since February to hold at 14 month lows as a number of indexes in the region teetered on or entered bear market and correction territory China's CSI 300 filled 20% from its February peak to enter a bear market South Korea's Cosby also entering a bear market Australia's ASX 200 was down 10% from its August peak to enter correction In Singapore Juliet sali Bloomberg daybreak All right Julian thank you So how much further is the Federal Reserve willing to let stocks slide We have a prediction from the world's biggest hedge fund Bloomberg's who need a young joins us live with the details Good morning Good morning Nathan It's the burning question of the moment for market watchers and Bridgewater associates co chief investment officer Greg Jensen says the fed could let stocks drop as much as 20% more That would put the S&P 500 below 3500 near its pre-pandemic level Justin says so far the decline over the past few weeks has been mostly healthy because it's deflated some of the bubbles like cryptocurrencies live in New York I'm ready to young Bloomberg daybreak Renee thank you Stocks are also under pressure this morning from earnings including disappointing results from Intel that ship makers out with a weak profit forecast for the current quarter and we get the story from.