40 Burst results for "West Texas Intermediate"
Bloomberg Radio New York - Recording Feed
Monitor Show 15:00 11-06-2023 15:00
"Pop culture is something that touches everyone. It's how we fill our leisure time and how we enjoy ourselves, particularly when you're talking about the famous people and big personalities in entertainment and tech. There tends to be a need to sensationalize, but what I enjoy is explaining to people how the things that they love get made, come to be, and how people make money off of it. I'm Lucas Shaw, and I cover the business of pop culture for Bloomberg. My job is to uncover how entertainment is changing and explain what that means for you, because context changes everything. Hello, Bloomberg World Headquarters. I'm Charlie Pellet. At 3 o 'clock on Wall Street, we'll move into the final hour of trading with the Dow. The S &P NezStack now in the green. Building on last week's surge has been a choppy trading day, with the S &P higher by 3 points right now at 4 ,361. That is a gain of about one -tenth of 1%. We've got the Dow up 16 points, up by about one -tenth of 1%, with the NezStack higher by 23 points, up two -tenths of 1%, the NezStack 100 index up 32. That is a gain of two -tenths of 1%. Small cap shares, though, hard hit today. We've got the Russell 2000 down by 1 .25%. Ten -year yield, 4 .66%, with a two -year now yielding 4 .93%. Spot gold down $14 a ounce to 1980, drop there of six -tenths of 1%. And West Texas, intermediate crude up eight -tenths of 1%, 81 .13 for a barrel of WTI.
Bloomberg Businessweek
Fresh update on "west texas intermediate" discussed on Bloomberg Businessweek
".25 % with a two -year 4 .64%. S &P today down four points a drop of just about one tenth of one percent. The Dow up 13 gain there of just about one tenth percent. of one Nasdaq composite index down 23 drop there of two tenths of one percent. Russell 2000 index today of small -cap shares up by about six tenths of one percent. Spot gold at 44 the ounce West Texas intermediate crude up 1 .9 % 7786 a barrel. GM shares moved higher today GM rallied by 9 .4 % of is boosting its by dividend 33 % and repurchasing 10 billion of shares its biggest ever buyback Some of the other stories were following for you. Indeed the online job search company is canceling the monthly mental health days introduced during the pandemic joining a growing number of firms paring back benefits they rushed
Bloomberg Radio New York - Recording Feed
Monitor Show 16:00 10-25-2023 16:00
"Pop culture is something that touches everyone. It's how we fill our leisure time and how we enjoy ourselves, particularly when you're talking about the famous people and big personalities in entertainment and tech. There tends to be a need to sensationalize, but what I enjoy is explaining to people how the things that they love get made, come to be, and how people make money off of it. I'm Lucas Shaw, and I cover the business of pop culture for Bloomberg. My job is to uncover how entertainment is changing and explain what that means for you, because context changes everything. 100 index at the closing bell right now, down 61 points, a drop now of 1 .4%. 10 -year yield, 4 .93%, with a two -year that's yielding, 5 .11%. Spot gold up $9 .50 an ounce to $19 .80. That is a gain of 5 .1 % while West Texas Intermediate Crude is up 1 .8%, 85 .26. Here you have the applause of the New York Stock Exchange, as we wrap up the trading day. Boeing meanwhile, member of the Dow, lowering its annual target for 737 aircraft deliveries as the American planemaker grapples with quality shortfalls afflicting its top -selling model. Boeing shares lower now by 2 .5%. Again recapping S &P 500 index, ending the day lower by 61 points, a decline of 1 .4%, 10 -year 4 .94%, I'm Charlie Pellet. That is a Bloomberg Business Flash.
Bloomberg Businessweek
Fresh update on "west texas intermediate" discussed on Bloomberg Businessweek
"The software The giant's cost -cutting campaign. San Francisco -based Salesforce shares after hours. They're up now by 7 0 Snowflake .1%. out of San Mateo also in the Bay Area delivered a profit sales outlook for current the quarter that beat expectations fueling hope that revenue has stabilized after the software maker We're in state dramatic slowdown in growth during the past year. After hours we got Snowflake moving higher now by The Dow finished higher today up 13 points well off session highs of 35 the ,430 S &P though gave up earlier gains moving lower by 4 points to 45 .50 a drop of about one -tenth of 1 % but as stack composite index was down 21 points drop to there of two -tenths of 1 % 10 -year yield 4 .25 % with a two -year that's yielding 4 0 .63 % spot gold today up three and a half dollars the ounce to 2044 gain there of just about two -tenths of 1 % West Texas intermediate crude up 1 .6 % 766 a barrel on WTI Bitcoin down five -tenths of 1 % back below 38 thousand bitcoin at 37 ,761 so again recapping the Dow higher S &P
Bloomberg Radio New York - Recording Feed
Monitor Show 16:00 09-01-2023 16:00
"And the unemployment number went up, 3 .5 to 3 .8, which means people are coming back into the labor force. Why is that good? It's going to keep wage growth down if more people get off the sidelines. Also, of course, there was 110 ,000 jobs revised down. And you can hear more of that conversation on the Bloomberg Businessweek podcast. You can download it wherever you get your podcasts. So, on Wall Street, it is looking now like a mixed close, with the S &P 500 index up 7 points, a gain of 0 .02%. There you have it, sound of the closing bell at the New York Stock Exchange, and it is on to the weekend, on to a long holiday weekend for a lot of people. We've got the Dow up 119, higher by 0 .03%, Nasdaq, as we recap here, down 3 points, lower close for Nasdaq, Nasdaq 100 index down 10 points, drop there of 0 .01%. Spot gold, little changed, up 0 .45 cents a ounce to 1940, and West Texas Intermediate crude up 2 .7%, 85 .90 for a barrel of WTI. So, on this first trading day of September, the S &P 500 index ends the day at 45 .15. I'm Charlie Pellett, and that is a Bloomberg Business Flash. We are under some incredible blue skies right now. I love Tom Petty. I know. I know. Such a loss. I know. But great music that we get to share with. I share it with my younger daughter. You're going to share it with your kids, I bet. We already are sharing Tom Petty and a lot of play music from back in the day with our kids. We've got a record player. Don't play Barney, guys. I mean, there's much better music to raise your kids on.
Bloomberg Businessweek
Fresh update on "west texas intermediate" discussed on Bloomberg Businessweek
"By 10th of 1 % as stack composite index in the red. It is down 15 drop there of 1 10th of percent of perhaps the key takeaway 38 minutes to go ahead of the closing bell. The S and P little change down by one point. We've got the Russell 2000 though surging eight tenths of 1 % an update across the board there for small cap shares. 10 -year yield 4 .26 % right now on the you 10 were the two -year the shielding 4 .64 % gold up three and a half dollars the ounce to or up two tenths of 1 % West Texas intermediate crude up 2 % now $77 .97 a barrel. Sources tell Bloomberg, Cigna Group and Humana are in talks about a potential cash and stock combination. To create another giant in the health insurance industry. A combination
Bloomberg Radio New York
"west texas intermediate" Discussed on Bloomberg Radio New York
"321 on wall street we do check markets all day long here at bloomberg apple shares up now by 1 .8 sources tell bloomberg apple is testing the use of 3d printers to produce a steel chassis that's used by some of its upcoming watches it would represent a major change to how apple manufactures products we have got stocks advancing with the s &p up 60 now at 45 13 back above 40 4 500 with the s &p up by about four tenths of one percent s &p by the way up for a fourth straight day the s &p again up by 0 .35 percent the dow up 35 points higher by about one tenth of one percent has stacked the composite index up now by 63 points up by about 0 .5 percent ten year yield 4 .11 percent with a two -year that's yielding 4 .89 percent spot all the little change to up by about two point three percent right now at six at a six dollars twenty four cents a ounce to 1943 west texas intermediate accrued up six tenths of one percent 81 63 a barrel jobs front and center as wall street looks ahead to claims data tomorrow morning and of course the all -important jobs report on friday today we got a dp data showing american businesses added jobs at the slowest pace in five months in august reaction to the a dp report from kelsey barrell fixed income portfolio manager at j .p morgan investment management the hiring rate is down to the lowest level since january of 2018 so not just back to 2019 levels but actually weaker than that and this is really what we've been anticipating within our call expecting that the labor market was weakening beneath the surface that we would see it more explicitly in the line data as the year progressed
Sound ON
Fresh update on "west texas intermediate" discussed on Sound ON
"Says economic activity slowed in recent weeks as consumers pulled back on spending money and exhibited more caution toward household costs. Vinnie Del, Judice Bloomberg Radio and again we've got the ten year yielding four point two six percent. General Motors boosting its dividend by thirty three percent and repurchasing ten billion of shares biggest ever buyback plan GM shares surging on that news up now by ten percent gold up six and a half dollars the ounce to twenty forty seven up three tenths of one percent west texas intermediate crude up one point eight percent now seventy seven sixty nine a barrel. Recapping a wall street rally underway with the S &P up another ten up two tenths of one percent. I'm Charlie Pellet that is a Bloomberg Business Flash. You're
Bloomberg Radio New York
"west texas intermediate" Discussed on Bloomberg Radio New York
"Underway on Wall Street to wrap up the trading week with the S&P right now at 4200 up 1.2%, ten year yield 3.79%, two year yield 4.56%. Briefly, crude oil topic we were just talking about on sound on a 1% West Texas intermediate crude 72 55 a barrel. I'm Charlie paladin. That is a Bloomberg business flash. Charlie, thanks. Welcome to our two of Bloomberg sound on, we're live from Washington where there's not a lot of people left. But very high anticipation about what might happen next. Kaylee lines is with us. I have to admit, drive it in this morning. I thought it was Sunday, as I mentioned earlier to congressman Brian steil, who was with us, everybody's kind of gone here. Capitol Hill is a ghost town. The only people left are the ones who matter. It's eerily quiet, Joe. I just wonder if this is the calm before a storm or calm leading to sunshine in the form of a debt ceiling deal. When all the fish go away, the fish suddenly disappear and know the sharks are coming. I don't know. Look, we're getting some pretty good headlines here. We're trying to be very careful. Senator John ossoff was really slowing me down on the optimism talk because really people do not know what's going on inside that room. We do want to acknowledge that. But the headlines we do have would suggest we might be on the verge of something and it looks like one of the chief negotiators in the Republican side just gave us an update. Yeah, congressman Garrett graves who, of course, along with the House financial services chair Patrick mchenry have really been running point for speaker McCarthy in the talks. I don't know that I would say that these are overly positive, graves is saying that we've made progress, but major issues remain, and he says work requirements are among the outstanding issues, and we know that that has really been a sticking point for Democrats, Joe. They do not want work requirements, stricter work requirements attached to anything, even though President Biden has indicated he would be open to it maybe, just not when it comes to Medicaid and any health related benefits. And this is where it becomes, you know, depending on the fine tuning and the actual contents of this deal, where it becomes difficult to figure out the math of actually working it through the house. Absolutely. So that's been a real sticking point. And we've heard this over the course of the week with a number of progressive lawmakers who have joined us Kayleigh. Just not going to go there when it comes to additional work requirements. We've spoken to them here on sound on and on balance of power. Bloomberg TV. On the other side of this, it's looking like the freedom caucus will not get the budget cuts that they wanted and chip Roy was near meltdown on the House floor over this yesterday. When it comes down to game time, and it's game time right now. When it comes down to game time, are we going to use the power of the purse to defend the American people against the onslaught of
Bloomberg Markets
Fresh "West Texas Intermediate" from Bloomberg Markets
"The two -year is yielding 4 percent. S &P up 10. That is a gain of two tenths of one percent. Dow industrials up 82 now also up by two tenths of one percent. Nasdaq up by two tenths of one percent as well. The big story though the Russell 2000 surging emerging now by 1 .1 percent. Small cap shares certainly outperforming today. We have got spot Black gold higher now by three dollars the ounce after yesterday's surge at 2043. there A of one tenth of one percent while West Texas Intermediate crude is up 1 .6 percent 76 77 .62 for barrel of WTI. Tesla shares up by eight tenths of one percent. shares Shares are advancing in the run -up to its Cybertruck delivery event. Tesla designed its stainless steel Cybertruck to be be something special. It is the first vehicle for the masses that does not require paint. No easy feat recall you the only other company to come close was DeLorean and it sold
Bloomberg Radio New York
"west texas intermediate" Discussed on Bloomberg Radio New York
"It is 1140 on Wall Street, we check markets all day long at Bloomberg, we've got stocks now trading mix, chompy session with the Dow higher now by two points, little change there. We've got the S&P down 8, a decline of two tenths of 1%. Now the stack remains lower down 16 points to drop there of one tenth of 1%. Stocks are sliding with a debt deal still elusive ten year yield 3.73% the two year, 4.39%, gold at 1965 the arms down $6 a drop of three tenths of 1% and West Texas intermediate crude oil rallying 2% now 73 48 a barrel. In economic news, new home sales in the U.S. unexpectedly rose to a more than one year high, business activity also grew in May by the most in over a year, as for the inflation backdrop, torsten slot as chief economist at Apollo global management. What we do know is that the fed is very, very keen on getting inflation down from 5% to 2%, and as long as that's the case, the fit will continue to step on the brakes. The fed will continue to slow down earnings growth and the fable continues to slow down hiring. Apple has signed a new multiyear multi-billion dollar deal with Broadcom to develop 5G radio frequency components. Apple shares their down 8 tenths of 1%, Broadcom up by two and a half percent recapping stocks lower across the board right now, the down just turning negative. We've got the S&P down 8, drop there of two tenths of 1%. I'm Charlie Palatin that is a Bloomberg business flash. Try the pellet Thank you so much. We appreciate that. All right, just commodities. Let's talk commodities here. Bloomberg commodity index over to trailing 12 months is off 26%. I
Bloomberg Radio New York
"west texas intermediate" Discussed on Bloomberg Radio New York
"This is a Bloomberg business flash. It's 5 21 on Wall Street. We do check markets all day long at Bloomberg, the Dow, the S&P and nez stack all rallied today, a jump in equities halted the S&P 500s longest losing streak since February, S&P up 75 for a gain of 1.85% today for the week, however. It turned out to be a down week with the S&P dropping 8 tenths of 1%. The Dow today of 546 was up 600 at one point, higher by 1.6%, NASDAQ up 269. That was a gain of 2.2%. As stack 100 index up 2.1%, Russell 2000 today up by 2.4%. Ten year yield 3.47%, two year, 3.91%, spot gold, 2016, the ounce, down 1.6%, West Texas intermediate crude surged 4%, 71 34 a barrel. An activist shareholder group is attempting a long shot bid to remove Warren Buffett as board chair at Berkshire Hathaway because of his ties to Bill Gates, whose charitable work has triggered criticism. It's a rare public rebuke for Buffett and the company with which he is synonymous. Today shares of Berkshire Hathaway the class B shares, the baby berkshires up by 1.2% again recapping, stocks rallied S&P up 75 up 1.8%. I'm Charlie palette that is a Bloomberg business flash. All right, Charlie, thank you so much. Do you want to get to today's Bloomberg big take? It starts this way. The high Arctic is an internationally neutral zone that has long kept away from geopolitics, but climate change has precipitated an unusual level of activity in the remote polar region as colliding strategic interests and melting ice Stan to reshape it profoundly. Hence, why Russia's next standoff with the west may just be in the resource rich terrain of the Arctic. Add this folks to your list of concerns. For more on this story, it's a most read on the Bloomberg as well as the Bluebird big take, which I recommend you to check out online because of its there's some great geographical or graphical components to it that go with it. Here to tell us about the story, we head to Bloomberg news Toronto bureau chief Danielle beaucoup. She is with us via Zoom in our Toronto bureau. Danielle, it is an incredible story. As I said among the most read, tell us, first of all, about this region and what's the hair and what everybody wants to go after. Yeah, I mean, there's a lot of layers to what's going on in the Arctic right now, Carol, but this particular story started with a question, which was who owns the North Pole. And the answer is kind of that it belongs to everybody and it belongs to no one. And there is good in that, and there's bad. It's good in a way because the fact that it doesn't belong to anyone offers some protection from exploitation from people going out and just kind of exploiting it for oil and gas and things like that that could have pretty big climate ramifications potentially. But it also means that all of the countries that share stewardship of it have to get along. They have to be able to collaborate. And since the Cold War, that hasn't really been a problem. But things that have been becoming much more tense since the annexation of the Crimea by Russia and obviously since the war in Ukraine. So now you've got this situation where you've got Russia the largest Arctic country and 7 others. And there's just a lot of questions about what that's going to mean for the future of the Arctic going forward. Walk us through then how this is now coming to a head when it comes to this standoff with Russia and how this affects what you're talking about. It's a very slow standoff. I have to say. Under international law. So it could take a while to resolve. But under the international law of the countries have economic rights to the seabed floor. And those rights can be extended out under the ocean for quite a ways depending where their continental shelves lie. And depending on the depth of the shelf, there's a bunch of legal criteria. But basically, Canada, Denmark and Russia all have their own opinions as to where their continental shelves lie. They all say they stretch to
Bloomberg Radio New York
"west texas intermediate" Discussed on Bloomberg Radio New York
"The two year 3.99%, S&P up 6 a gain of two tenths of 1%, the Dow up 194 of 5 out 6 tenths of 1%, NASDAQ down 55, a decline of 5 tenths of 1%. Spot gold 1956 the ounce West Texas intermediate crude up 5.1% today to 72 81 a barrel. After the close of trading, we learned that the lift is tapped David richer to be its new CEO, replacing cofounder Logan green, as the ride hailing company struggles to compete with bigger rival, Uber, technologies. Again, recapping stocks end up they mixed with the S&P today up 6 points a gain of two tenths of 1% of our up 6 tenths NASDAQ lower by 5 tenths of 1%. I'm Charlie palette. That is a Bloomberg business flash. All right, Charlie, thank you so much. Charlie pellet there. Carol master, along with Jess met and live in our Bloomberg interactive broker studio streaming on YouTube and Bloomberg originals. Well, earlier this month, our next guest opened her latest outpost right here in New York City up in Harlem, and in doing so, it was a bit of a homecoming of sorts for her. Her slutty vegan restaurants are said to be valued at a $100 million as she continues to expand and include restaurant tour Danny Myers enlightened hospitality investments and essence ventures, CEO rich Dennis new voice fund among its investors. So let's head to Atlanta where her company is based, pinky Cole is the founder and owner of slutty vegan restaurants. She joins us via Zoom. So nice to have you here with us. I was looking forward to this conversation. Tell us about your company. Thank you. Well, good. Great to have you here. Tell us about your company, the food that's on your menu. And what demand from your customers and from the growth of your business tells you about the vegan food world. I started this crazy. Uh, we got a little bit of frozen. In terms of zooms. So we're hoping we can work that out technically and get back to her. But the vegan business, the food business, the protein, plant based food business, is something we talk about a lot here. And so curious to get her perspective on it, could we certainly have seen a lot of investment dollars? Definitely to it. And certainly seen the public side, there are publicly held companies. There are private companies. They struggle a bit, though, since the industry, which is about a decade old. They have definitely and especially being us being here in New York. I feel like there's so many different options on the vegan side of things, but me being from Texas, I've definitely seen it expand in that state, especially in Austin and other areas, which has been interesting to see over the past decade as far as these different restaurants and just looking at their menu right now as far as the different burgers seek some of the names that dancehall Queen and some of these other ones. And it's really fun. And we'll ask her about it. I did a little bit of Googling before we finish. Do we have her yet? Not quite yet. But did some Googling into terms of her name and how it came to be. And hopefully we can get to her in just a moment to have her explain it. In the meantime, let's just remind you how we closed on this Monday. We did see stacks bouncing around a little bit, volatility, but what was really key is that it certainly felt like some calmness came back to the financial markets and certainly with the bank sector, which rallied, whether it was regionals, whether it was the big banks, they finished off their highs, but nonetheless, that provided support for the overall market. That to your note, yield popping above 4% right now we're looking at a two year that finished or trading at about 3.99. So just below it, but move up from what we saw last week. Right, and especially coming into today, getting some promising news with first citizens, SVB looking at what's happening as far as it purchasing all of those loans that are there. I know a lot of people were concerned as far as trying to figure out what parts of SVB or certain banks potentially going to try to buy, but then you came into this week, and then obviously the good news was for citizens. If you're looking to be more broadly though, the S&P 500 energy was the biggest gainer today up more than 2% of fortunately, if you're thinking more of the technology and growth side, tack down close to 1% communication services on that side too down about 1%. But obviously that having to tie into yields. All right, we do have our guests back with us. Let's get back to pinky Cole founder and owner of study vegan restaurants, pinky Sari. We're living in this technology world that most of the time works, but doesn't always. So tell me. Tell us about your company and the demand that you're seeing from your customer and your growth, what it tells you about the vegan food world. So I started this company in 2019. And I had no idea that I was building a $100 million brand. It went from a ghost kitchen to a food truck to now having almost ten locations in Atlanta, Birmingham, and now New York City. And what I realized is there was a market to help people to reimagine food in a way that they haven't seen it before. So of course we've had beyond meat, you know, disrupt the industry and possible foods to disrupt the industry, but now flooding vegan into the conversation has started to disrupt because there were so many people that were looking for plant based alternatives and wanted it in a way where it tasted good and you didn't have to compromise the things
Bloomberg Radio New York
"west texas intermediate" Discussed on Bloomberg Radio New York
"Markets for that. We turn to Charlie Keller. Hi, thank you very much, Joe Matthew, the Dow, the FMA stack holding on to gains, but the key takeaway here we are well off session highs. 7 point events right now for the S&P at 4053. That is a gain of two tenths of 1%. The Dow up 32 now up one tenth of 1% as stack up 23, a gain of two tenths of 1%. There is speculation that the recent rebound might be getting overdone amid looming economic risks, tenure yield 3.98% with the two year 4.89%. Spot gold down $10 the ounce right now gold is an 1846 ounce down by about 6 tenths of 1%, West Texas intermediate crude oil up 6 tenths of 1%, 80 17 for a barrel of West Texas intermediate crude. There is positive news about international trade from the high seas to railroad yards and freight terminals and with that story here's Bloomberg's vineyard down giudice. The global supply chain is untangled, returning the status quo almost three years after the pandemic struck. That's the latest in the Federal Reserve and New York fed supply chain index for February. Less shipping congestion and easing a part shortages and a slowdown in consumer demand of all figured into the equation. Good news for Main Street. Vinny del giudice Bloomberg radio speaking of supply chains Norfolk Southern plans to add additional trackside heat detectors and explore the use of newer types of sensors as the railroad aims to improve the safety of its operations following a derailment last month that spilled toxic chemicals in Ohio. Tesla is reducing prices of its more expensive models again days after Elon Musk had cuts earlier this year had peaked interest in the company's electric vehicles Tesla shares down now by 1.95%. Recapping stocks holding on to gains with the S&P up two tenths, the tenure yield 3.98%. I'm Charlie palette that is a Bloomberg business flash. Charlie, thanks we'll check back with Charlie little bit later on this hour and see how markets are faring as we get a little bit closer to the bell. Still recovering from cpac weekend, where Donald Trump vowed that the Republican Party
Bloomberg Radio New York
"west texas intermediate" Discussed on Bloomberg Radio New York
"Still down by 2.2%, but as that composite index down 356 points, that is a drop right now of 3.2%. Again, the ten year yielding 3.44% spot gold down $29 the ounce to 1778 down 1.6%, West Texas intermediate crew down 1.4% WTI 76 22 a barrel. The value of overall retail purchases dropped 0.6% last month after rising 1.3% in October, and national director of retail services at colliers international, and she told us this morning on Bloomberg television and radio that she is optimistic about the final few weeks of December. We're actually looking at a pretty good I would say first test to the holiday season where the retail sector has cleared some hurdles. It's still looking positive. Maybe not for the month of November, but it still should be a pretty solid holiday season, even though consumers are going to be mindful of how they're spending where they're spending because we still see increases in pricing, especially on the grocery sector. Among the names reporting after the close of trading today, Adobe down now by 4% and new core the largest American steel maker is warning shareholders at recession concerns could impact demand as it looks ahead into the new year. New core shares down by 8.9%. I'm Charlie Palatin that is a Bloomberg business flash. I turn on the radio. Yeah, but you let me drive. Oh, no. No, no, no. Honey, please. I'll do the bride. Drive old. Excuse me, I want to drive. Just drive, baby. Just a question to try. Can we charge if this is the drive to the close? We'll try this on. On Bloomberg radio. And let's go now for our market drivers. It's time for the drive to the close with Brian Frank portfolio manager at Frank Capital Partners who joins us through zoom from key Biscayne, Florida. Brian, thank you so much for taking the time to speak with us today. I'm looking at the markets I
Bloomberg Radio New York
"west texas intermediate" Discussed on Bloomberg Radio New York
"From Bloomberg's world headquarters I'm Charlie peloton up a Wednesday on Wall Street today tech companies led the gains bond traders pairing aggressive aggressive bets on fed rate hikes amidst speculation inflation maybe near a peak S&P halted a three day dropdown up a 49 points today by 1.1% the Dow up 344 up by 1% NASDAQ up 272 higher by 2% that all the S&P nesta call closing at or near very close to session highs Ten year yield 2.68% spot gold at 1977 the ounce while West Texas intermediate crude oil rally 3.6% one O four 25 a barrel on WTI Amazon.com is levying a 5% fuel and inflation fee on online merchants abuse its shipping services This according to documents reviewed by Bloomberg it is a first for the company Amazon up today by about 3.1% Recapping stocks higher S&P up 49 up 1.1% I'm Charlie powder that is a Bloomberg business flash You're listening to Bloomberg sound on with Joe Matthew on Bloomberg radio A 21 year old man from Syria says he helped with the apprehension of Frank James Natalie Wong has the story on the terminal His name Zach dahan was working security for a shop near saint mark's place first avenue the East Village saw somebody walk by on the cameras who looked a lot like the photos that we had seen.
Bloomberg Radio New York
"west texas intermediate" Discussed on Bloomberg Radio New York
"Down three 30 seconds the yield 2.4% West Texas intermediate crudes back up by 4% at one O 8 44 barrel comics gold is up over 1% in 1938 even for ounce the dollar Yan is a one 21 90 The Euro dollar 1160 the British founded about 31 68 If you use corn for anything start watching the price takes more fertilizer to grow corn than soybeans fertilizer prices are soaring so farmers are planting more soybeans my question is can you buy soybeans on the cob and put butter on them I mean that's what I want this coming summer Absolutely didn't think so As a Bloomberg business flash Bloomberg markets is on with Paul Sweeney who likes his corn on the cob and Taylor Riggs I don't know soybeans We have sweet Jersey corn That's a thing Wow And it's darn good You drive down to the shore you stop but some of these roadside stands and get some corn bring it back home and it's good stuff in the summer again The great state of New Jersey It is the garden state It is the guarded state because I'm going to remind you all about that Exactly All right let's see We got red and green on this screen here on this Wednesday early morning trading Let's check in with Abigail do a little Bloomberg markets reporter AbbVie What are you looking at Yeah relatively small moves here for stock indexes It feels as though investors are feeling their way out It wouldn't be surprising to see bigger moves to either side right now You know we're in this risk on patch The last couple of weeks the S&P 500 up about 12% so just a modest break You know it's interesting though those deescalation hopes have faded So of course we have oil higher a number of the stocks with more Russia Ukraine exposure are lower and oil higher seems to be bringing the entire commodity complex up helping out that Bloomberg dollar index down half a percent In fact that's got to be I'm going to put this in right now I think that's got to be the second down day in a row And basically a 1% decline for the dollar let's see I think over the last two days yeah so that's actually and that's the worst slide for the dollar since November of 2020 So that as I'm working through it probably stands out the most I want to talk about some of these declines our great producer Dan Curtis He was also my former boss put out sort of a really interesting tidbit that if we get declines in the S&P today and tomorrow it'll be within the first quarter the biggest daily drops we've had since 1984 At that year you have 38 declines And yet Abigail we're only 4% off from some of the record highs that we've had within the S&P What is that telling you That's a great question And it brings to mind two points which is when a year ago or two years ago when the Russell 2000 was 40% extended over to 200 day moving average that was the most in history The last time it had been over extended it was 1983 and then it snapped down in 1984 So there's a similarity there And then in terms of being just 4% below that all time high I can't help but think of 2008 because one part of 2008 that a lot of people don't remember is the volatility in January and February March was about flat then there were some nice rebound rally in April and May I don't know if it was within 4% of the all time high but it was a rally and then down So you know there are some people saying that this is a bear market rally that they're some of the most tremendous However who knows Maybe we do a run at the all time high and then you know there's going to be more of a pain trade because there's so many people not believing this particular rally All right here's my stock story of the day and it's an honor of Matt Miller Volkswagen Has chosen lead banks for planned listing of sports carmaker Porsche And what could be Europe's biggest initial public.
Bloomberg Radio New York
"west texas intermediate" Discussed on Bloomberg Radio New York
"App in Bloomberg radio dot com This is Bloomberg businessweek Yeah this is Bloomberg business week Carol master along with Tim stenog on this Tuesday Have you ever wondered where a plastic bag goes when you recycle it I think about everything in terms of recycling I do too Well fortunately we have a great team here at Bloomberg and also they're equipped with some tracking devices that allow us to know where a plastic bag goes after its recycled in the UK It's a long journey That's gonna be our teas right All right we're gonna get to that story It's among our most read and it is the Bloomberg big take today but first up let's get back to the markets and a check on your top business stories Hey Charlie Well hello there are lots going on great article by the way I read that this morning when I was reading it I couldn't stop reading from beginning to end lots of great graphics lots of great visuals for our Bloomberg customers The Dow the S&P NASDAQ are all pushing higher S&P up 39 up by about 9 tenths of 1% We've got the Dow rally 217 up 6 tenths of 1% right now NASDAQ up 214 up by one and a half percent Stocks hire amid optimism for progress in talks between Russia and Ukraine benchmark treasury yields retreated with a key segment of the curve inverting for the first time since 2019 We're talking twos tens ten year yield right now 2.38% two year old right now 2.37% Spot gold down three tenths of 1% 1917 the outs West Texas intermediate crude tumbling 2.1% one O three 77 a barrel and a barrel of Brent down 2.4% one O 9 75 Johnson & Johnson says it has suspended supply of its personal care products in Russia due to the increasing scale of the humanitarian crisis We've heard from many companies who have said they are quitting Russia because of the invasion of Ukraine but how is that affecting big pension managers and their holdings Karen Frank is senior manager director of managing director of equities for the Ontario teachers pension plan We have had some portfolio companies who've made those decisions They closed down factories We absolutely support In fact agitate for those outcomes And I believe it's the right thing for our stakeholders We're of values and principle based institution We think that those actions are very aligned with what the teachers of Ontario would expect of us and behavior wise U.S. regulators have cleared second booster doses of COVID-19 vaccine from Moderna and the partnership of Pfizer and BioNTech for adults 50 and older Right now we have got Pfizer shares down by 1% its German partner BioNTech its ADR is up by 4% Moderna out of Cambridge Massachusetts up now by four and a half percent I'm Charlie palace That is a Bloomberg business flash All right Charlie Reddit we read it It is among the most read on the Bloomberg It's also the Bloomberg.
Bloomberg Radio New York
"west texas intermediate" Discussed on Bloomberg Radio New York
"Year yield 2.12% spot gold up 9 tenths of 1% 1962 the ounce while West Texas intermediate crude is down 3.1% one 1141 a barrel on WTI Sources tell Bloomberg apple is working on a subscription service for the iPhone and other hardware products a move that could make device ownership similar to paying a monthly app fee Apple shares up right now by 1.9% Recapping stocks higher S&P up 1.2% I'm Charlie peloton That is all Bloomberg business flash Thank you so much for that update Charlie pellet It's three 48 on Wall Street The following is an editorial from Bloomberg opinion Russia has been hit with unprecedented global sanctions in response to its invasion of Ukraine but couldn't the Russian government use cryptocurrencies to Dodge those penalties It's a reasonable concern But if Russia were to try it might be unpleasantly surprised It turns out crypto isn't as attractive for money laundering as it used to be Unlike a banknote a crypto token retains the digital fingerprints of everyone who has ever held it and law enforcement agencies are constantly getting better at linking those digital fingerprints to people Still policymakers can do more to prevent sanctions evasion For example by demanding token exchanges and decentralized crypto platforms report suspicious transactions shoring up the system would make life harder for all sorts of financial criminals It's an opportunity the U.S. and other governments shouldn't pass up This editorial was written by the Bloomberg opinion editorial board I'm David shipley For more Bloomberg opinion please go to Bloomberg dot com slash go on the Bloomberg terminal These has been Bloomberg opinion Now but you let me drive Oh no No no no I need please Out of the driving drive on I want to drive It's a good question for drivers This is the drive to the clubs On Bloomberg radio All right everybody just about ten minutes left in the trading session on this Thursday on this Friday's eve and we're singing an uptick We've been seeing some buying into the close as Charlie mentioned pretty much at our best levels of the session in Tim Once again we're seeing some tech app performance here Help us make sense of.
Bloomberg Radio New York
"west texas intermediate" Discussed on Bloomberg Radio New York
"Markets Plus Marion Brown president of Southern California gas company We're going to talk about the energy market gas supplies amid the Russia Ukraine where all that's coming up first let's check in with Greg Jarrett and get a blueberry business flesh right Paul Wall Street is following European stocks down as oil prices climb ahead of the EU meeting to debate further sanctions against Russia Now this is raising some expectations of sustained global inflation and central banks responding with higher rates The S&P is down four tenths of a percent down 20 the Dow is down 6 tenths percent down 202 and the NASDAQ is down one half of 1% down 66 The ten year is up 6 30 seconds the yield is 2.36% West Texas intermediate crude is now at four and a half percent at one 1413 a barrel Comics goes up four tenths of a percent in 1935 20 announced the dollar yen one 2090 the Euro a dollar 9 78 and the British found a dollar 31 92 GameStop is rallying after chairman Ryan Cohen bought a 100,000 shares in the video game retailer boosting his stake to 11.9% blessed you forgot Cohen who founded the pet supply startup Chewy is a major investor and activist right now GameStop is up 14% That's a Bloomberg business flash Bloomberg markets continues now Paul Sweeney and Taylor Riggs All right great Jared Thank you so much We appreciate that Well we've got a Federal Reserve which has pivoted noticeably to a more hawkish viewer talking about potentially 7 to 8 right.
Bloomberg Radio New York
"west texas intermediate" Discussed on Bloomberg Radio New York
"Signature panels in place everyone's back from the weekend Bloomberg politics contributors Jeannie chanson and Rick Davis are here for the hour But first another rough ride today on Wall Street I heard a lot of superlatives from Charlie palette How did Anne Charlie I tell you it was a down day across the board Joe but just about every report I'm doing if you run the GIP chart of the S&P 500 Index on the Bloomberg just about every time I came on today I said worst level of the day and that's right where we closed the Dow the S&P Ned stack all down today with the S&P falling 128 points down 3% The download today by 797 points down 2.4% and as stack lore by 482 for the NASDAQ composite index I dropped a day of 3.6% Key takeaway from this update S&P sank almost 3% for its worst day since October 2020 by the way year to date The S&P now down by the 11.8% Energy the major story today West Texas intermediate crude off another 3.2% one 1940 apparel S&P down 3% as I mentioned lower by 128 points Investors are flooding commodity exchange traded funds with cash on signs of shortages for energy metals and grains will spark hefty returns commodity ETFs for injected with more than four and a half $1 billion last week an inflow that would normally be seen over the course of a month I'm Charlie peloton show Matthew is a Bloomberg business flash Thank you And to check to make sure these weren't typos a $119 a barrel and that was far from the high we saw today but the big headline politically No announcements on banning Russian oil.
Bloomberg Radio New York
"west texas intermediate" Discussed on Bloomberg Radio New York
"Into rate hikes treasures are fluctuating Stephen Whiting a Citigroup private bank tells Bloomberg they expect high single digit income from equities next year I think that the chance that we actually get that that we actually deliver that will be much higher in dividend growth stocks for example in the healthcare sector in the Staples sector that had to absorb this terrible inflation in the past year Those are deeply underperformed They are more stable industries and they're not quite so hit by bicipital risk when we do have it Let's look at the numbers the S and ps up a tenth of a percent up for the Dow's down three tenths of a percent down a 125 And the NASDAQ's up a tenth of a percent of 19 The ten year is well it looks like it's a little changed right now The yield is 1.59% West Texas intermediate crude oil is up four tenths of a percent at 78 66 a barrel comics gold's down a half a percent of 1864 20 announced the dollar yen one 1446 The Euro dollar 1338 in the British pounds 1.34 6 7 Let's take a look at what's going on as far as spending is concerned Americans if you're poised to open their wallets this crucial holiday season which is an encouraging sign for department store chains that need a win Macy's posted stronger than expected results coals also posted sales to beat Wall Street expectations Macy's up 20% coales is up 9% That is a Bloomberg business flash Bloomberg markets is on false swe And Matt Miller Great Jared Thank you so much we appreciate that Matt I mean Greg just reported Macy's up 20% I can't remember the last time I saw that It's just extraordinary You remember the last time I went in there I know Look at.
Bloomberg Radio New York
"west texas intermediate" Discussed on Bloomberg Radio New York
"Indicated consumer prices accelerated at the fastest pace since 1990 adding the evidence of building inflationary pressures Risks are building for both stocks and bonds as persistent elevated inflation could force the fed to taper to more substantial rate or high interest rates faster than anticipated The S&P is down two tenths of a percent downtown The Dow is down a tenth of a percent down 56 and the NASDAQ's down 6 tenths percent down 88 The tenure is down 23 30 seconds The yield 1.52% West Texas intermediate crudes down two and a half percent at 82 O one of barrel while comics gold is up 1.3% At 1854 30 announced the dollar yen one 1397 the Euro dollar 1506 the pound 1.34 62 That's a Bloomberg business flash I'm Greg Jarrett Now more balance of power with David Weston on Bloomberg radio This is balance of power on Bloomberg television and radio I'm David Weston For Bloomberg first word news we go now to Mark crumpton David thank you The Biden administration is rushing doses of the Johnson & Johnson vaccine into conflict zones around the world Previously it was only available through official government programs The 300,000 doses will now help protect humanitarian and frontline workers worldwide in areas hit by conflict or natural disaster Almost a quarter of financial services firms are planning to cut their workforce in New York City in the next 5 years A survey by the partnership for New York City finds nearly 13% of employers in the city expect to reduce their workforces in coming years while roughly a third say their need for office space will decline China signals its unlikely to join a global pledge to cut methane emissions saying it's already doing enough A senior Chinese negotiator at the cop 26 climate talks accused the United States of asking nations to pledge to cut greenhouse gases without offering solutions on how to tackle the problem President Xi Jinping also failed to attend the conference a move criticized by President Biden Global news 24 hours a day on air and on Bloomberg quick take powered by more than 2700 journalists and analysts and over 120 countries I'm more crumpton This is Bloomberg David Thank you so much Mark The consumer price index for the United States for October jumped up an annual rate of 6.2% Well above the estimates for his analysis of what this tells us about the state of.
Bloomberg Radio New York
"west texas intermediate" Discussed on Bloomberg Radio New York
"Bloomberg quick take This is a Bloomberg business lash Stocks reach for records earning season is helping the counter concerns that elevated inflation and tightening monetary policy will slow the recovery from the pandemic Some 81% of S&P members have reported better than expected results so far though Citigroup has warned that profit growth may be close to peaking Let's look at these impressive numbers the S&P is up a half a percent up 23 The Dow is up three tenths of a percent of a 122 and the NASDAQ is up 6 tenths of a percent of 87 The ten year is little change The yield 1.63% West Texas intermediate crude is touching up 1% at 84 55 a barrel comics gold's down 9 tenths of a percent of 1790 40 an ounce The dollar yen one 1426 the Euro dollar 1586 the British founded 37 69 and uh oh for homebuilders high lumber prices are back even as the industry steps into what's normally a seasonal lull Prices are climbing a bit tight supplies and a pickup in home building Western Canada is seen as reduced output and the U.S. south is grappling with labor shortages The U.S. is also expected to double duties on a common Canadian wood next month adding the cost the rise signals that homebuyers guess that means you map will face elevated prices for longer That's a Bloomberg business flash Bloomberg markets continues now with Paul Sweeney and Matt Miller All right Greg Gary thank you so much We appreciate that Bloomberg markets Brought to you by Commonwealth supporting more than 2000 independent financial advisers with the solutions they need to grow with thriving business Commonwealth.
Bloomberg Radio New York
"west texas intermediate" Discussed on Bloomberg Radio New York
"West Texas intermediate crude up 1.1% 83 87 or barrel I'm Charlie pebble and that is our Bloomberg business flash All right Charlie thank you so much Well earlier this year engine number one took three board seats in Exxon to speed up the company's transition It's the small activist fund that is now got the world watch especially after taking on Exxon Joining us now is Jennifer grant yo chief executive officer of engine number one She's with us on site at the milk and institute global conference Give us your interpretation of your reaction to the conference this year because we're talking during the break And you use the phrase people are ready What are they ready for Yeah I mean we've set out with engine number one to do things in a different way And so instead of what we all think of as slightly older school ES and G people aren't sure if it works People aren't sure I think it returns We built engine number one to take the data the environmental or the climate or to governance data and use it to drive returns And so as I've watched and talked with lots of people over the last couple of days large pools of assets as well as younger people people are ready But they're ready because the performance is there or they're just ready because it's the right thing to do What is it They're ready They're ready to have impact in their investments but they're not willing to do it with giving up returns So the way they think about it is we care we care about people and wages and workers we care about climate but we need investors to do it for us in a way where we don't give up return So Jennifer is it harder though for a company that is delivering the returns to kind of get them to make the changes and investors or maybe not going to be so supported because they're like listen I like these returns So give me an idea Yeah we think it's all we think it's all about using the data on climate or environment people using it to drive returns over time So to take an example let's take General Motors So Mary Barr has gone up a great business She's a great CEO She's got a strong board But they can actually make more money.
Mark Levin
When the Price of Oil Increases, the Price of Virtually Everything Increases
"U.S. crude oil price tops $80 a barrel the hyacinth 2014 West Texas intermediate crude futures topped $80 today for the first time since 2014 oil is up more than 60% for 2021 The Department of Energy is non media plans to take action to alleviate the price surge Well the Department of Energy can't do anything Except going to the emergency reserves which is not for this Now of course the administration blames the virus What would they do without the virus Oh they do that the virus They apparently don't like a free people Right They use the virus in a thousand different ways To fuel the iron fist But ladies and gentlemen you can now fill it at the pump Anybody who drives a vehicle Can not fill it at the pump but you're also going to feel it Those of us who live in cold areas during the winter When the cold weather comes but it's going to drive up the cost not just of homes and other facilities that you actually use crude oil Over natural gas but electricity Because natural gas is used to make electricity coal is used to make electricity And it's about time somebody figured that out because they see talking about getting rid of fossil fuels We get rid of fossil fuels You essentially going to get rid of most of electricity too I have an electrical car Yeah I got it Anyway so when the price of fuel increases the price of virtually everything increases
Mornings With Gail - 1310 KFKA
Oil Prices Extend Gains After OPEC+ Talks Fail
"Well it it's standoff. Interesting choice of words Let me explain. What's going on here to the best of my ability in april of last year opec and its allies who together are known as opec plus or cartel all forgot choice. Awards there yeah. Yeah opec plus reduced its oil production by ten million barrels a day to support prices as demand dropped through the floor. A man demand dropped because of the worldwide pandemic well with demand rising now this year. Prices have risen. Well well over fifty percent. I believe the latest number. I've seen as fifty seven percent and now in recent days in an effort to curb that spike in oil prices. The opec plus group began discussions just last week to raise production by four hundred thousand barrels a month from august through december that would raise production by two million barrels. Those talks fell apart over the weekend. The opec secretary general set only only. The date of the next meeting will be decided. In due course kind of the equivalent of exactly exactly and oil prices continued to rise west texas intermediate this morning at seventy four dollars. Seventy five cents. A barrel brent crude at seven the world benchmark brent crude at seventy six dollars and a penny of barrel oil prices have risen to a six-year high as gail said earlier and with that energy stocks including shares of like occidental pete and conaco phillips they are higher as
Bloomberg Markets
Stocks Waver in Wednesday Trading, Pausing Market Rally
"Stocks started the day off and then began to slide. Now they're fluctuating another sign that investors are taking a breather after pushing markets to record highs. Investors are betting President Biden's $1.9 trillion stimulus package will help bolster the economy while vaccinations help reduce covert 19 cases. Let's look at the S and P. It is down. Well, it's little changed down three that out. Jones Industrial average is up 1/10 of a percent of 30 and the NASDAQ is down 3/10 of a percent down 45. 10 Years up 4 30 seconds. The yield 1.14% West Texas Intermediate crude oil's up a half a percent of 58 68 of barrel Comex gold is down 1/10 of a percent 18 36 even per ounce. Dollar yen, one of 4 65 the year old dollar 21 34 on the British pound. Another 38 46, a key measure of prices paid by US consumers, was unchanged for January. This was the second straight month of such was the case, underscoring the pandemics lingering wish strain on inflation. That financial markets seat
Bloomberg Businessweek
Nasdaq closes down nearly 2% as tech sector weighs on stock market
"A sell off in some of the world's biggest technology companies weighed heavily on the equity market, dragging down stocks amid dimming prospects for fresh stimulus. Today. The S and P 500 Index dropped 29 points down 8/10 of 1% the Dow Down 105 down 4/10 NASDAQ tumbled 243 down 1.9% the NASDAQ 100 Index halting its winning streak down 2.1% tenured on 5 30 seconds 10 Year Yield 100.93% Hold down $31 the ounce down 1.7% 18 38 West Texas Intermediate Crude up 1/10 of 1% 45 66 a barrel Hypo Watch a Seat three. A. I think that's the software maker founded by former Oracle executive Tom Siebel up 120% of its trading debut from the price and it's $651 Million. AIPO and shares of unprofitable food delivery platform door Dash surged 85% in their trading debut today. And the latest sign of investor exuberance. And what has already been a record here for I pose again recapping equities lower with the S and P 500 Index down 29 down 8/10 of 1%. I'm Charlie Pellet that his a Bloomberg
Bloomberg Businessweek
Dow ends down over 167 points as stocks retreat from records
"Today on Wall Street stocks eased off their records as investor focus shifted to the surgeon cases. Along with new lockdown measures, including it'll annoy that overshadowed optimism that covert 19 vaccines will eventually and the pandemic s and P 500 index down 17 a drop Today of 5/10 of 1% the Dow Down 167 down 6/10 of 1% and NASDAQ fell 24 points lower by 2/10 of 1% Tenure up 14 30 seconds. 10 Year Yield 100.85% Gold down 4/10 of 1% 18 80, the on Sam, West Texas intermediate crude. Lower little changed out two cents. 41 32 a barrel. I'm Charlie Pellet.
Bloomberg Businessweek
Dow ends down over 160 points as stocks retreat from records
"Hank Waters, I'm Charlie Valadez, and he remains lower. The Dow was well, pulling back from records and as stank on the plus side now NASDAQ of 18 again thereof. Just about 1/10 of 1% stocks, easing off records with the Corona virus inside the S and P down five, a drop of 1/10 of 1%. The Dow is slumping 89 points lower by 3/10 of 1% should point out that NASDAQ has been swinging between gains and losses. NASDAQ 100 Index Up today by 1/10 of 1% for Russell 2000 up by 5/10 of 1%. 10 you up, 9 30 seconds 10 Year Yield 100.87% Gold Now down 2/10 of 1% 18 85 The aunts and West Texas intermediate crude down two cents little change their 41 31 barrel. I'm
Bloomberg Markets
Thursday's Bloomberg Business Flash
"Take This is a Bloomberg Business World Headquarters. I'm Charlie Pellet. Apple shares little changed after ours. Apple reported quarterly results that topped Wall Street estimates. The record sales of Maxim Services made up for a delayed iPhone 12 launch China revenue, however slumped. The company gave no forecast for the key holiday quarter. Amazon projected a steep jump in sales in the current quarter, topping analyst estimates. Amazon shares trading lower now by roughly 1% Facebook posted up better than projected gain in third quarter revenue, indicating that a major advertiser boycott of the social network had limited impact against the backdrop of a broader revival of spending on digital marketing. Facebook shares up now by roughly 1%. Also out after the closing bell alphabet. It returned to growth in the third quarter after a decline in the previous period. Alphabet chairs surging now by 7%. It was an update on Wall Street with the Dow, the S and P and NASDAQ all rebounding from yesterday's route s and P Up. 39 up. 1.2% the Dow off 139 5/10 of 1%. NASDAQ Up. 180 UP by 1.6% 10 Year Down 17 30 seconds 10 Year Yield 100.82% Gold down 5/10 of 1% 18 60 70 ounce West Texas Intermediate crew down 3.5%. 36 await a barrel. I'm Charlie Pellet. That is a Bloomberg business Flash.
Bloomberg Markets
Closing prices for crude oil, gold and other commodities
"S and P is up just about 1/10 of a percent of three. The Dow's down at something over seven down 30. The NASDAQ is up a half a percent of 50 for 10 years up for 30 seconds. He'll 300.78% West Texas Intermediate crude oil is up over 1% at 38 98 a barrel while Comex gold is Just over 1/10 of a percent of 1909 20 announced the dollar yen 104 60, the euro dollar 18 38 on the British pound Feller 30 36 home prices in 20 of the largest U. S. Cities are up Most in two years for August as well mortgage rate spurred competition for increasingly scarce supply of listens. The SNP corelogic Case Shiller index property values climbed 5.2%. A year ago.
Bloomberg Markets
Stock market news today: Dow, S&P waver on stimulus holdup, earnings
"Most stocks rose after the Trump administration resuscitated hopes for a spending package. Treasuries remained higher. 10 Year Yield 100.83% on this Friday the S and P up 12 closing at 34 65. That was a gain of 650.35%. Today, The Dow tumbled 27 points lower by 1/10 of 1% at the worst level but now have been down. 213 dropped their of 7/10 of 1% NASDAQ up 42 for the NASDAQ composite index. That was a game Just about 4/10 of 1% on the week as MP had a weekly loss of about 10.55% Bob Doll is chief equity strategist of Nuveen. He was our guest moments ago, right here on Bloomberg BusinessWeek. So the market is saying, and I think they're a lot of fundamentals to suggest. The largesse of policymakers, monetary and fiscal all around the world are going to provide us with some grist for the mill. If he will, economy is going to be okay now that's dependent on covert behaving itself with some point And eventually a vaccine. Intel after earnings dropped 10.6% today until slumped after a surprise drop in data center. Sales of tepid forecast added to concern that the company is losing its lead in computer chips. American Express is constituting program fell short in the third quarter. American Express shares shares today today down down by by 3.6%. 3.6%. Mattel Mattel rallied rallied after after third third quarter quarter results results shattered shattered expectations expectations Motel Motel up up today today by by 9.6% 9.6% rival rival Hasbro Hasbro Up Up by by 2.4%. 2.4%. So So again, again, recapping recapping turned turned out out to to be be a a mixed mixed day. day. The The down down lower lower SNP SNP NASDAQ NASDAQ Quoth Quoth Higher Higher Gold Gold Little Little Change Change Down Down 72 since the ounce at 1903, West Texas, Intermediate Crew down 2.2% re capping SNP up 12 gain of 4/10 of 1%.
Bloomberg Best
Tesla shares jump 5% after reporting fifth consecutive quarter of profits
"Up now by 3.5%. Tesler reported. 1/5 consecutive quarter of profits also says that Remains on track to deliver 500,000 cars in 2020 Chipotle Mexican Grill shares their tumbling 4% after ours. Third quarter sales beat analyst estimates, but shares move lower after the burrito chain said fees paid to a delivery partner. Eight into profitability. Stock slipped with the Dow, the S and P. NASDAQ all declining today in a volatile session, the White House and Democrats nearer than a deal but signaled it's unlikely to become law before the election as MP down seven A drop of 2/10 of 1% the Dow Down 97 a drop of four tents. NASDAQ Down 31 A drop of 3/10 of 1% Tender down 11 30 seconds. 10 Year. Yield 100.82% Now gold Up 11 cents at 1920 for the ounce. And West Texas Intermediate crude fell 4.1% $40 even on W T I So again recapping Tesla higher after ours up Now by 3.4% that out slump too tense. The
Bloomberg Markets
Nasdaq soars as tech stocks lead a market rally
"S and P and NASDAQ up the highest in almost six weeks amid a rally in tech companies, as Paul mentioned traders awaiting earnings from banks. And news on a fresh round of economic stimulus. Let's get right to the numbers because stocks are flying on this Monday here with the S and P up 67. That was a gain of just about 2%. Now of 316 up 1.1% in the year to date column on the Bloomberg looking at a Dow up so far this year by 1.3% To put that in context so year to date, the S and P ease up 9.7%. While NASDAQ is surging by 33% so far this year today, NASDAQ adding on another 353 points up by 3%. We've got gold down 4/10 of 1% lower by $8 an ounce of 1922 west Texas Intermediate Crew down 2.5% 39 59 Bottom line Text of the standouts Briefly apple up 6.6%. Amazon up 6% Twitter up now by 5.7%. I'm Charlie Pellet. That's of Bloomberg. Business Flash. All right, Charlie. Thank you. So
Bloomberg Businessweek
Stocks close higher, with the Dow up 328 points
"Be an update on Wall Street. But US stocks did finish well off session highs. The Dow the S and P and NASDAQ all advancing today as some P 500 index up 27 points up 8/10 of 1% at the best level, the S and B had been up 58 points off 1.7%. Tao finished higher by 329 points up. 1.2% NASDAQ Up 82 Again of 7/10 of 1% 10 Year Yield 100.68% Gold Down 7/10 of 1% 18 85 the ounce West Texas intermediate Crewed up 1.4% 39 84 barrel again recapping on the S and P 500 index up 27. Gain their 8/10 of 1%. I'm
Bloomberg Businessweek
September FOMC Meeting Preview: The Fed Waits for Congress to Act
"Focus will be shifting to the Federal Reserve and next week's Fed meeting, of course, complete coverage here on Bloomberg Radio. Andrew Sheets is chief cross assets strategist at Morgan Stanley in London. We can't simply coast on an expectation of The central banks will solve all problems and I think this is what makes the debate around US fiscal policy. So important is that I think we're facing a really key decision point. Or how the economic growth in the U S, like going forward, And we think that would matter for markets even if the head keeps policies, and he was interviewed this morning on Bloomberg Surveillance, the 10 year Yield 100.66% Gold down 3/10 of 1% 1940 ounce crude West Texas Intermediate Up 2/10 of 1% 37 39 a barrel
Bloomberg Businessweek
U.S. Tech Stocks Decline in Worst Week Since March: Markets Wrap
"US stocks ended up volatile session today. Major averages were mixed. Declines in tech shares continued after a five month rally came to a halt last week as 10 P 500 Index Little Change today up by one point, ending the week heading into the weekend of 33 40. By less than 1/10 of 1% s and P By the way, positive on the year by 3.4% the Dow Up 131 points up by 5/10 of 1% NASDAQ fell 66 points lower by 6/10 of 1% for the week. By the way, NASDAQ was down 4% Thie SNP this week Down, 2.5% Down down by 1.7% 10 Year Yield 100.66% Gold down 2/10 of 1% 1941 the arms. And West Texas Intermediate crude little changed 37 31 barrel. It was also a losing week for crude. W T I this week down by 6.1% recapping volatile Friday Be up a point by about 1/10 of 1%. I'm Charlie Pellet. That's a Bloomberg business
Bloomberg Markets
US stocks struggle higher as tumultuous week comes to close
"Dr. Trying for another comeback as a tumultuous week of big swings comes to a close. Analysts expect swings to continue to rattle markets for weeks, if not months, as investors with more clarity on several key issues. At the head of that list of uncertainties, for now, at least, is what to do with your big pick stocks. We checked the markets every 15 minutes of trading day on Bloomberg, Brady of the S and P is up 4/10 of a percent of 15. The Dow's up 7/10 of a percent up almost 200. The NASDAQ's Up 1/10 of a percent of 16 10. Years up. 3 30 seconds. The yield 300.66% West Texas Intermediate Crude is up 14% of 37 46 a barrel Comex gold is down 3% in 1957 80 an ounce A dollar yen 106 18 the euro dollar 18 35 in the British pound that all 27 88 US inflation quickened in August, driven by the sharpest monthly game in used vehicles. Since 1969 and consistent with the gradual pickup in prices is the economy recovers from the pandemic. We check the market since I say every 15 minutes at the trading day. That's your Bloomberg business Flash. I'm Gregg Jarrett.