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Apr 9, 2024
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katie: currently higher by about .7%. holding onto the gains in a market that actually is taking a bit of a nosedive at the moment. take a look at the s&p 500. i double checked this a few times. take a look at where we are trading, down .8%, big flip from where we were an hour ago. it is the same thing when you look at the nasdaq 100, off .7% as well. small caps and outperformer now but still down as well, .4%. risk appetite appears to turn on a dime here. coming up on "bloomberg technology," trust machines will join with caroline hyde. that does it for "bloomberg markets." in katie greifeld, and this is bloomberg. ♪ >> from the heart of where innovation, money, and power collide in silicon valley and beyond, this is "bloomberg technology" with caroline hyde and ed ludlow. caroline: i'm caroline hyde i bloomberg world headquarters in new york. ed ludlow, he's off. this is "bloomberg technology." google unveils a host of updates to its ai products. we will break down what came from the company's cloud computing conferenc
katie: currently higher by about .7%. holding onto the gains in a market that actually is taking a bit of a nosedive at the moment. take a look at the s&p 500. i double checked this a few times. take a look at where we are trading, down .8%, big flip from where we were an hour ago. it is the same thing when you look at the nasdaq 100, off .7% as well. small caps and outperformer now but still down as well, .4%. risk appetite appears to turn on a dime here. coming up on "bloomberg...
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Apr 23, 2024
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katie: shares up 12.5%. different with what is going on with pepsi and weakness specifically in north america. emily: more are facing higher inflation and probably turning to other alternatives. you look at the north american food and drinks division, they sold fewer goods by volume compared with a year earlier. drink volumes were down 5% in the region. the eps and revenue beat estimates put feels like shareholders are more focused on the volume decline. they had a recall for quicker food spec in january. i was not aware of this and i do eat a lot of oatmeal. cereal bars and snacks, a risk of salmonella and seeing quaker oats revenue fell 24% in the quarter after the recall. katie: a great round up. coming up on this program, tough times for tesla. we will explore what investors will be watching after the ev maker reports after the bell. this is bloomberg. ♪ katie: tesla investors on edge ahead of this afternoon's earnings call because shares of the ev giant have plummeted over 40% this year and are in the
katie: shares up 12.5%. different with what is going on with pepsi and weakness specifically in north america. emily: more are facing higher inflation and probably turning to other alternatives. you look at the north american food and drinks division, they sold fewer goods by volume compared with a year earlier. drink volumes were down 5% in the region. the eps and revenue beat estimates put feels like shareholders are more focused on the volume decline. they had a recall for quicker food spec...
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Apr 22, 2024
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katie: i am katie greifeld. take a look at markets. a lot of green on the screen. currently into the tune of .5%. higher by about 6% to 7%. a really big week of earnings. currently higher by 1% at this moment because right now there is a lot of enthusiasm heading into a blockbuster week. abigail: more than $16 trillion worth of market cap to report. it will be significant as well. we have a lot of the big tech names reporting which is one reason why it is so significant. let's take a look at some of the names reporting this week. boeing, meta and alphabet -- there will not be a two week. it is not so pretty. tesla down over the last month alone. news out over the weekend with more price cuts in china. looking at big growth for next quarter. they are looking at a decent game -- gain. these names have really been to a certain degree since -- until the last few weeks. katie: let's turn to stephanie. joining the onset. great to have you. abigail was just talking and three straight weeks of losses for the s&p 500. we have not seen that in quite a while. the busiest week
katie: i am katie greifeld. take a look at markets. a lot of green on the screen. currently into the tune of .5%. higher by about 6% to 7%. a really big week of earnings. currently higher by 1% at this moment because right now there is a lot of enthusiasm heading into a blockbuster week. abigail: more than $16 trillion worth of market cap to report. it will be significant as well. we have a lot of the big tech names reporting which is one reason why it is so significant. let's take a look at...
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Apr 19, 2024
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katie: yeah, definitely. to that point, what are you telling clients right now when they are asking for advice? what are you actually saying? andy: there are two really big factors that have had an impact over the course of the last few years, both of which were touched on a few minutes ago. the first is the pandemic. that was a shock to the system, and we had to immediately rethink the way we utilized our real estate. it also elevated commercial real estate in the minds of many corporate executives. it used to be something that was of interest, but now it was of primary interest and a key talking point. the second is the swift increase in interest rates, which had an impact on the investor side, as well as the cap expand on the occupier side. -- the capex spend on the occupier side. we are still in a journey on both of those factors. the return to office side, tenant demand drives the value proposition in the real estate lifecycle. the u.s. is a little behind globally, where asia-pacific and europe, middle e
katie: yeah, definitely. to that point, what are you telling clients right now when they are asking for advice? what are you actually saying? andy: there are two really big factors that have had an impact over the course of the last few years, both of which were touched on a few minutes ago. the first is the pandemic. that was a shock to the system, and we had to immediately rethink the way we utilized our real estate. it also elevated commercial real estate in the minds of many corporate...
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Apr 2, 2024
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katie: let's do both. jim: we would like to open 75 this year and north of 100 year, which is two per week. we believe we have wide space north of another 2000 opportunities in the u.s., not including international sites. katie: you will have to tell us how that's going. let's talk about one of the hottest topics of this year and last year. that is weight loss drugs. the ozempic effect has been felt by almost every industry, whether you are in snack food, clothing. how is it being felt in the fitness industry? jim: i don't know that we have the full gravity of it yet. i think it is starting to get some traction around it. we are open to everybody wherever they are in their fitness journey. if this gets more people considering exercise as part of the multifaceted approach -- i don't think it is just an injection. it is not just a diet. you have to exercise. the drug does have a muscle wasting affect. we are happy to hear that doctors are encouraging people to get into the gym before they start glp-1s and co
katie: let's do both. jim: we would like to open 75 this year and north of 100 year, which is two per week. we believe we have wide space north of another 2000 opportunities in the u.s., not including international sites. katie: you will have to tell us how that's going. let's talk about one of the hottest topics of this year and last year. that is weight loss drugs. the ozempic effect has been felt by almost every industry, whether you are in snack food, clothing. how is it being felt in the...
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Apr 16, 2024
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katie: appreciate your reporting. let's be joined by lori calvasina of rbc capital markets, head of u.s. equity strategy. i'm so excited you're here because a selloff in the bond market, when it comes to the equity market, you cannot ignore it anymore. you write that generally you think higher inflation and fears over higher interest rates are good for the mega cap growth stocks. i'm excited about that because that is a little bit un intuitive. we have been told higher rates are bad for big tech. now you see the opposite dynamic at play here. >> what they are also saying is that broader rotation trade that the crosscurrents are very complex. one of the things we have noticed, and this is what that was alluding to, if you look at the post sbb environment, a very short term relationship for about the past year, is that 10-year treasury yield moving up, then we have been seeing any kind of mega cap growth cohort you can come up with. we use the top 10 names in the s&p, and those traits have basically been alive with move
katie: appreciate your reporting. let's be joined by lori calvasina of rbc capital markets, head of u.s. equity strategy. i'm so excited you're here because a selloff in the bond market, when it comes to the equity market, you cannot ignore it anymore. you write that generally you think higher inflation and fears over higher interest rates are good for the mega cap growth stocks. i'm excited about that because that is a little bit un intuitive. we have been told higher rates are bad for big...
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Apr 11, 2024
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katie: it has been staggering to watch. there are other funds that are trying to do this currently and in the past, to bring the private equity startups to the public. you had the ark venture fund. what differentiates d xyz. >> when we were creating d xyz is thinking about how we create a product that anyone can access from the comfort of their brokerage account that has the protections and liquidity of the public markets. the challenge with the pre-existing funds that a been out there is they don't actually have intraday liquidity so people can't buy and sell when they need to and participate like they are used to in public markets. katie: you have a lot of volatility but you also have a huge premium. there is a lot of focus on that premium. your last calculated net asset value was $4.84. shares currently are trading above $50. you have $54 million of assets in a market cap of around $600 million. does that concern you at all? >> this is a discovery process. we've only been in the market for two weeks over time, the market
katie: it has been staggering to watch. there are other funds that are trying to do this currently and in the past, to bring the private equity startups to the public. you had the ark venture fund. what differentiates d xyz. >> when we were creating d xyz is thinking about how we create a product that anyone can access from the comfort of their brokerage account that has the protections and liquidity of the public markets. the challenge with the pre-existing funds that a been out there is...
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Apr 17, 2024
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katie: you talked about investors. where are you right now when it comes to expanding your business? you have 40 employees or so are you trying to raise more money? marshall: we are. we are releasing a newer product that bridges the gap between oil and fuel-based heating to electrified heating in a manner that works how the building operates and transitions. katie: we spend a lot of time on codices but what other products do you have currently? marshall: one of the things -- i am an enormous nerd and environmentalist and i care about decarbonizing everything but especially buildings. there are significant barriers to electrification's. in europe. if i have a furnace or boiler and i won't do anything with it until it dies. it usually dies in the winter and people almost always replace it with the same system. how do you do that in new york city where they have a hundred families that they have to keep heated? we employ a low-cost heat pump without waiting for the motor to die in the technology and installation is paid f
katie: you talked about investors. where are you right now when it comes to expanding your business? you have 40 employees or so are you trying to raise more money? marshall: we are. we are releasing a newer product that bridges the gap between oil and fuel-based heating to electrified heating in a manner that works how the building operates and transitions. katie: we spend a lot of time on codices but what other products do you have currently? marshall: one of the things -- i am an enormous...
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Apr 30, 2024
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i am katie greifeld in new york. welcome to "bloomberg markets," and it feels like a week is just getting started with amazon after the bell tonight and the fan tomorrow. take a look at how markets are feeling heading into those events. not too great at the moment. the s&p 500 off by 0.2%. same thing if you look at the nasdaq, off 0.2% when it comes to the big tech names. the bond market, we are back in selloff mode with the 10-year treasury yield higher by five basis points. we are getting closer to 4.7% on your 10-year treasury yield, and one of the reasons why has to do with numbers we got at 8:30 a.m. of course, the eci. i can imagine that eci print was good news for the fed. >> not good news for the fed. a big drop in consumer confidence from a revised 103.1 down to a 97 for the headline number. the present situation is a big drop from 146.8 to 142.9. a drop in expectations to 66.4 from 74.0. of course, we have to check out the jobs, plentiful jobs hard to get situation because that is a good measure of what we
i am katie greifeld in new york. welcome to "bloomberg markets," and it feels like a week is just getting started with amazon after the bell tonight and the fan tomorrow. take a look at how markets are feeling heading into those events. not too great at the moment. the s&p 500 off by 0.2%. same thing if you look at the nasdaq, off 0.2% when it comes to the big tech names. the bond market, we are back in selloff mode with the 10-year treasury yield higher by five basis points. we...
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Apr 26, 2024
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katie: wrap it together. what does this mean when you think about the fed meeting next weekend beyond? michael: not much for the fed meeting except it will shape what jay powell says in his news conference as he tries to give the markets a picture of what they may do. it will basically be on hold at this point. we do know that the markets have now priced november back in. why? i don't know, but november is now seen as the first month for rate cuts. yesterday it went to december. the aspect of the thing is the political aspect. this is 2024, presidential election year. if people aren't feeling good about the economy, what is it mean for the election? that is a question we will be asking for some time. the white is democrats and the yellow is republicans. that just flips no matter whether republicans are in or democrats are in. if you like the party you will think the economy is good. the blue line is what matters, independents. how do they see the economy going forward? that is something we can keep an eye on
katie: wrap it together. what does this mean when you think about the fed meeting next weekend beyond? michael: not much for the fed meeting except it will shape what jay powell says in his news conference as he tries to give the markets a picture of what they may do. it will basically be on hold at this point. we do know that the markets have now priced november back in. why? i don't know, but november is now seen as the first month for rate cuts. yesterday it went to december. the aspect of...
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Apr 1, 2024
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katie: thank you so much. coming up, we will take a look at operation challenges following the collapse of the francis scott key bridge. we will speak to the ceo of supply chain management company exeger next. this is bloomberg. ♪ how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. ♪ ♪ ♪ ♪ ♪ ♪ give into the rhythm of the islands and delight in a caribbean state of mind. visit sandals.com or call 1-800 sandals. >> you are looking at a live shot of the principal room. coming up, michaelkirban joins us at 2:30 p.m. new york time. this is bloomberg. ♪ katie: it's time for our daily wall street week segment. ports along the east coast or modifying operations to absorb cargo diverted from the baltimore harbor. for more in the aftermath of the francis scott key bridge collapse, brenton daniels and david westin join us now. it's a co
katie: thank you so much. coming up, we will take a look at operation challenges following the collapse of the francis scott key bridge. we will speak to the ceo of supply chain management company exeger next. this is bloomberg. ♪ how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. ♪ ♪ ♪ ♪ ♪ ♪ give into the...
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Apr 29, 2024
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katie: interesting. stephan: yes, it is interesting, but we also see that things change and see that we don't need to decide a lot in the three months. we have today for the future. we have more time to decide what to do next, stay hybrid or well electric. katie: a few things i want to get into there, so let's talk about the fourth model. what could that look like? are we talking about another suv or a four-door sedan? stephan: looking into the lineup of a super sports car company, you have the pure super sports cars and for us we have also the first suv in the 80's, lm 002. it came naturally. what's missing in a lineup like ours, because of our dna, was a coop, two plus two, but with a modern interpretation that has more ground clearance. in a four seater, something that we are forward to and i think it will be successful. katie: definitely going to stay tuned there, that sounds really interesting. let's talk more about the timeline for fully electric. when it comes to the hybrids, you have taken a very
katie: interesting. stephan: yes, it is interesting, but we also see that things change and see that we don't need to decide a lot in the three months. we have today for the future. we have more time to decide what to do next, stay hybrid or well electric. katie: a few things i want to get into there, so let's talk about the fourth model. what could that look like? are we talking about another suv or a four-door sedan? stephan: looking into the lineup of a super sports car company, you have the...
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Apr 15, 2024
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katie: shares down almost 4%. the fact that you have seen this rally broadening out, maybe that is not as painful to the s&p 500 as it would have been about a year ago at this time. but apple, when it comes to apple, china has been the bear case for a while. >> and we are seeing the worst shipment numbers for the iphone since the pandemic. this along with tesla, two of the maybe not so magnificent seven companies, underwhelming so far year today. another negative headline we have, seeing a number of updates related to the barricades, related to competition in china and maybe consumers pulling back. maybe this really does hinge on that market over in china and the ability for iphone and apple to kind of combat some of these rivals. we are seeing their data jumping . what is going on? >> is down about 15%. this is not anything really new. this is totally normal. this basically is step one of two for insider shares to at least potentially be able to be traded. they headline risk, people panic, that is ashley not the
katie: shares down almost 4%. the fact that you have seen this rally broadening out, maybe that is not as painful to the s&p 500 as it would have been about a year ago at this time. but apple, when it comes to apple, china has been the bear case for a while. >> and we are seeing the worst shipment numbers for the iphone since the pandemic. this along with tesla, two of the maybe not so magnificent seven companies, underwhelming so far year today. another negative headline we have,...
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Apr 24, 2024
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katie: a lot to work through. you mentioned spirit. we heard from dave calhoun earlier this morning saying that the spirit aerosystems deal it's still on. is that the right move forward? sheila: i think it is. they are fix ago lot. the new c.e.o. has done a lot to fix spirit. one of the -- one of our suggestions is if you do take spirit in house, there needs to be a green field or big automation overhall at spirit. we estimate that will cost boeing 2003 $1 billion to $1.5 billion. in addition to spirit's takeout price. it's not just taking spirit in house. it's giving it -- eating cap x to automated systems. katie: when it comes to boeing we have been referring to the new c.e.o. all the new c.e.o. will have to do. we don't know who that is. we know that david calhoun is stepping down at the end of the year. had you a note out where you had a list of recommendations that you would give whoever the new c.e.o. is. after hearing what we heard this morning, what advice would be first on your list to the new c.e.o.? sheila: the first is walk
katie: a lot to work through. you mentioned spirit. we heard from dave calhoun earlier this morning saying that the spirit aerosystems deal it's still on. is that the right move forward? sheila: i think it is. they are fix ago lot. the new c.e.o. has done a lot to fix spirit. one of the -- one of our suggestions is if you do take spirit in house, there needs to be a green field or big automation overhall at spirit. we estimate that will cost boeing 2003 $1 billion to $1.5 billion. in addition...
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Apr 18, 2024
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katie: that is what is interesting here. ai saying that they are expecting to see a growth tailwind, but it is the smartphones and the pcs managing to overshadow ai. ed: nvidia is the market leader for high-powered cpus or accelerators. they use the latest in cutting edge technology, but apple is also a big chunk of the revenue, depending on any given quarter. it is because of the footprint of the iphone. that is where the weakness is right now. there is a holistic view of semi markets that you have to take. overall, this is a market where growth will not be as good as we thought. katie: we appreciate the context as always. take with us now. lead equity analyst. delighted to have you with us. this line catches my eye, that this earnings season is all about margin. how are you expecting that to fair? >> fundamentally, but we know is that there is a huge correlation with what margins do. for me, i think as much as there is a great deal to be excited about as we head into the earnings season, i do not think the margin pressures
katie: that is what is interesting here. ai saying that they are expecting to see a growth tailwind, but it is the smartphones and the pcs managing to overshadow ai. ed: nvidia is the market leader for high-powered cpus or accelerators. they use the latest in cutting edge technology, but apple is also a big chunk of the revenue, depending on any given quarter. it is because of the footprint of the iphone. that is where the weakness is right now. there is a holistic view of semi markets that you...
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Apr 25, 2024
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katie: thank you so much for that set up. let's keep the conversation going with the dow chairman and ceo joining us now. abigail ran us through the quarter that was. of course the chemical companies when you think of the inventory glut you guys were some of the first to feel and that filtered through a range of industrial companies, where are we in that cycle when it comes to demand may be starting to pick back up and what it means for inventories. >> great to be with you. that is a really good point. as we look back to mid 2022 coming off of a record peak in 21 we started to see a slowdown in the economy and there was a lot of discussion around d stocking. --de stocking. this quarter is the second consecutive quarter we've seen a volume growth. a 1% volume growth this quarter if you exclude hydrocarbon and energy sales, byproduct sales off that complex. you'd see 5% on street demand growth. that's pretty strong and with the guidance we gave for the second quarter which is about a $200 million improvement in the second quart
katie: thank you so much for that set up. let's keep the conversation going with the dow chairman and ceo joining us now. abigail ran us through the quarter that was. of course the chemical companies when you think of the inventory glut you guys were some of the first to feel and that filtered through a range of industrial companies, where are we in that cycle when it comes to demand may be starting to pick back up and what it means for inventories. >> great to be with you. that is a...
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Apr 10, 2024
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katie: there's a lot of right on the screen. big tech also down 1% after the cpi figures with 10 year. let's talk about that hot inflationary data slamming the door on the june fed pivot. across the board this came in higher than expectations? mike: both headline and core was up .4 which pushed up the year over year rate. a big disappointment to wall street. a disappointment to the fed. the fed has not moved its target rate since july of 2023. the inflation rate has stalled out. we have not seen inflation rise since then it has stayed roughly in the same place. it hasn't gone down and that is keeping the fed and investors unhappy even though the fed follows the pce numbers, these numbers matter to the market which banners to the fed. this means a big change in expectations. the market has priced out a june, july and september price cut and now we are back to a september rate cut but only to this year. will the fed ratify that? they don't produce a new dot plot until then but the may meeting is off the table. katie: were talking
katie: there's a lot of right on the screen. big tech also down 1% after the cpi figures with 10 year. let's talk about that hot inflationary data slamming the door on the june fed pivot. across the board this came in higher than expectations? mike: both headline and core was up .4 which pushed up the year over year rate. a big disappointment to wall street. a disappointment to the fed. the fed has not moved its target rate since july of 2023. the inflation rate has stalled out. we have not...
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Apr 1, 2024
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katie: so no more baseball cards? >> no but there is still the idea that the idea of radical transparency when people want to talk to each other quite bluntly what they did or did not do correctly. katie: when it comes to the potential investors and investors currently with bridgewater, i imagine the turnaround performances top-of-the-line? >> they went through more than 10 years of pretty poor performance, one or 2% annualized. people really like bridgewater for its research and that's what has kept investors there. there comes up point and especially after last years losses which was one of their worst losses, people are really impatient. katie: it's a fantastic article and that is bloomberg's kathy burton talking about help bridgewater ceo turnaround hinges on wooing restless clients. looking at the markets, the s&p 500 is in the red, down about 0.3%. big tech is hanging on is the nasdaq 100 is up about 0.1% in the bond market is losses after what we saw this morning in terms of the manufacturing figures. yields ar
katie: so no more baseball cards? >> no but there is still the idea that the idea of radical transparency when people want to talk to each other quite bluntly what they did or did not do correctly. katie: when it comes to the potential investors and investors currently with bridgewater, i imagine the turnaround performances top-of-the-line? >> they went through more than 10 years of pretty poor performance, one or 2% annualized. people really like bridgewater for its research and...
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Apr 5, 2024
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katie: an impressive timetable. in the meantime, is there the possibility of accessing the port through another water channel or is this the only way in? craig: the primary focus is to get the water channel open. unfortunately, we have a ship and a bridge that has collapsed in the way. that will be priority number one and that is what they will try to do. they won't be able to remove all of the debris. i think they are trying to open a pathway to allow ships to pass. katie: the port of baltimore is known for vehicle and coal. baltimore is the second largest port for coal exports. northlake is the largest. it should theoretically benefit from this rerouted volume. does norfolk have the capacity to handle all of it? craig: it is an interesting question. 28% of all coal exports out of the united states have gone through baltimore. one of the things that happens to supply chains is that we have a lot of resources to move it. northlake should be able to handle it. one of the nice things is there is some flexibility in th
katie: an impressive timetable. in the meantime, is there the possibility of accessing the port through another water channel or is this the only way in? craig: the primary focus is to get the water channel open. unfortunately, we have a ship and a bridge that has collapsed in the way. that will be priority number one and that is what they will try to do. they won't be able to remove all of the debris. i think they are trying to open a pathway to allow ships to pass. katie: the port of...
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Apr 23, 2024
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can katie sleep over tonight? sure, honey! this generation is so dramatic! move with xfinity. >> from the world of politics to the world of business. this is balance of power. ♪ >> live from washington dc. lisa: joe:
can katie sleep over tonight? sure, honey! this generation is so dramatic! move with xfinity. >> from the world of politics to the world of business. this is balance of power. ♪ >> live from washington dc. lisa: joe:
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Apr 18, 2024
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can katie sleep over tonight? sure, honey! this generation is so dramatic! move with xfinity. sonali: this is "bloomberg markets," i'm sonali basak. let's get a check on the markets, the s&p 500 is up on the day and you are looking a .4% rise in the index. the nasdaq 100, up .2%. a bond selloff quickening just a bit with the two-year yield five basis points higher, off the highs of the week. remember, we were flirting with a 5% level. let's see where the week leaves us. 10-year yield, 464 on the day. bitcoin, the cryptocurrency moving higher on the week after some new lows over the weekend. 5% lower in the last six days, nearly. if you look at what we are leading up to hear, they have an event that every four years lowers the computing power that generates bitcoin and here is what recent guests on bloomberg had to say about it. >> every how we come up to one of these halvin he back to the fundamentals ofg events supply and demand. >> you are always weighing the growth narrative verse -- versus the long-term economics of the industry. >> bitcoin still has a lot of fast money in
can katie sleep over tonight? sure, honey! this generation is so dramatic! move with xfinity. sonali: this is "bloomberg markets," i'm sonali basak. let's get a check on the markets, the s&p 500 is up on the day and you are looking a .4% rise in the index. the nasdaq 100, up .2%. a bond selloff quickening just a bit with the two-year yield five basis points higher, off the highs of the week. remember, we were flirting with a 5% level. let's see where the week leaves us. 10-year...