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Apr 14, 2021
04/21
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i see it anecdotally in new york. who is not buying a new car? jonathan: the traffic has returned to new york in a big way. we have to talk about capacity. capacity will return through the summer. that is what we have to see, the supply-side respond in a big way. alongside tom keene and lisa abramowicz, i'm jonathan ferro. earnings season in america. coming up on the banks, gerard cassidy. and we will catch up with jill carey hall of bank of america and pgim's greg peters. this is bloomberg. ritika: with the verse were news, i am ritika gupta. egypt has seized the giant container ship that blocked the suez canal. egyptian authorities are seeking more than $900 million in compensation. the ship insurer for third-party losses said claims of damages is largely unsupported. warren buffett, amazon, and blackrock are amongst the hundreds of companies and executives uniting to oppose limits on voting. they signed on to a letter denouncing any discriminatory legislation, making it harder for people to vote. republicans have been trying to enact new elect
i see it anecdotally in new york. who is not buying a new car? jonathan: the traffic has returned to new york in a big way. we have to talk about capacity. capacity will return through the summer. that is what we have to see, the supply-side respond in a big way. alongside tom keene and lisa abramowicz, i'm jonathan ferro. earnings season in america. coming up on the banks, gerard cassidy. and we will catch up with jill carey hall of bank of america and pgim's greg peters. this is bloomberg....
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Apr 6, 2021
04/21
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the argument from those supporting higher taxes in new york are that no one lives in new york for tax reasons. it is for the culture and the excitement of living in the city. by this time, it feels like -- but this time, they are determined to meet wealthier individuals. when you have remote work, there are alternatives. lisa: let's talk about the tax plan that biden has put out there. a report talking about how big tech companies and pharmaceutical firms would bear the brunt of the tax heights -- tax hikes. can you talk about how this will get pushed through with the aspects that will close loopholes? martin: the idea is that intangible assets like intellectual-property and artificial intelligence are easily moved. if they want to close those loopholes, the pharmaceutical and technology industries are going to be proportionately more affected. the question is how this is going to play out in congress. last night, the senate parliamentarian issued a ruling that makes it somewhat easier for the biden administration to make some of these changes in the tax laws. it will be complicated,
the argument from those supporting higher taxes in new york are that no one lives in new york for tax reasons. it is for the culture and the excitement of living in the city. by this time, it feels like -- but this time, they are determined to meet wealthier individuals. when you have remote work, there are alternatives. lisa: let's talk about the tax plan that biden has put out there. a report talking about how big tech companies and pharmaceutical firms would bear the brunt of the tax heights...
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Apr 26, 2021
04/21
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as you mentioned, chuck schumer is from new york. new york is the center of the financial industry and capital gains doubling is something his constituency is not going to be in favor of. tom: he has a romance about unions, romance about scranton, pennsylvania. they are worried about 2022. who is is core constituency? marty: you make a great point. it has gotten diluted over the years. whether he can maintain the position in the face of joe biden's agenda is something we will find out. jonathan: good to catch up, as always. lindsey graham on fox news sunday, there is a deal to be done on infrastructure without a corporate tax hike. he believes it pays for itself over time. tom: this is really important in terms of the politics. can we pay for this over time? decades and decades and decades. jonathan: the most important point is that the unified response of the electorate around the previous spending bill was pretty strong. it is not this time around. if the president moves the goalpost away from uniting the country, what does he do n
as you mentioned, chuck schumer is from new york. new york is the center of the financial industry and capital gains doubling is something his constituency is not going to be in favor of. tom: he has a romance about unions, romance about scranton, pennsylvania. they are worried about 2022. who is is core constituency? marty: you make a great point. it has gotten diluted over the years. whether he can maintain the position in the face of joe biden's agenda is something we will find out....
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Apr 26, 2021
04/21
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from new york city, for our audience worldwide, good morning. what a week ahead on "bloomberg surveillance." live on tv and radio, alongside tom keene and lisa abramowicz, i'm jonathan ferro. equity viewers lower by five points on the s&p 500. the chairman this wednesday, the president in front of congress. tom: to me, what is so important here is what has not moved. you see that peter tchir is to come with us. we will talk about the real yield which really hasn't moved as much. this off the aberdeen uproar, where they change their name. the real yield at a -0.76, a key story is it hasn't moved. jonathan: yields are higher. i am with you on the real yield side of things. peter tchir expecting persistent higher inflation read over the next year. look out for that conversation in a couple of minutes. standard life aberdeen with this press release. standard life aberdeen today announced its intention to change its name to aberdeen prc. it will be a digitally enabled brand that will also be used for all of the company's client facing businesses glob
from new york city, for our audience worldwide, good morning. what a week ahead on "bloomberg surveillance." live on tv and radio, alongside tom keene and lisa abramowicz, i'm jonathan ferro. equity viewers lower by five points on the s&p 500. the chairman this wednesday, the president in front of congress. tom: to me, what is so important here is what has not moved. you see that peter tchir is to come with us. we will talk about the real yield which really hasn't moved as much....
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Apr 28, 2021
04/21
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they are from new york, from new jersey. it has really hurt their constituents, and they are saying they won't pass a final package unless that is removed. you have not seen president biden touch that a lot. it does bring in revenue to the federal government. it does tax the wealthy. those are both things the administration is looking for right now. but the proposal that president biden comes up with is going to go to the house, and we have already heard from lawmakers who say they will be changing aspects of that proposal. top appropriate or, very past -- top appropriator, very powerful, resident delauro -- powerful, presented of delauro. they say they want to do with health care, the high cost of prescription drugs. we are going to see president biden's proposal come out tonight, but we are also aware that on both sides of the democratic spectrum, they aren't 100% on board with this plan, and they want to make sure that changes occur as it goes through the legislative process. jonathan: lisa has a lot of questions on that,
they are from new york, from new jersey. it has really hurt their constituents, and they are saying they won't pass a final package unless that is removed. you have not seen president biden touch that a lot. it does bring in revenue to the federal government. it does tax the wealthy. those are both things the administration is looking for right now. but the proposal that president biden comes up with is going to go to the house, and we have already heard from lawmakers who say they will be...
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Apr 30, 2021
04/21
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from new york city, this is "bloomberg surveillance." ♪ ritika: with the first word news, i'm ritika gupta. by september or october, president biden is likely to see some version of his $4 trillion a comic plan passed in congress. the president has two major tasks. he has to keep democrats from splitting the party and keep fending off her public attempt to portray the planets radical. democrats can use senate rules to bypass republican opposition to most of the plan. fallout from the latest tensions between the u.s. and russia. the u.s. embassy in moscow says it will slash visa and consulate services following a russian ban on hiring global staff. services will be reduced to a minimum. russia imposed a new limit after the u.s. announced new sanctions and expelled 10 russian diplomat. euro area economy split into a double-dip recession at the start of the year. coronavirus lockdowns kept businesses closed and consumers were reluctant to spend. output in the 19 nation euro area was down 0.6% in the first quarter. it fell nearly three times that rate in germany. meanwhile, the u.s. post
from new york city, this is "bloomberg surveillance." ♪ ritika: with the first word news, i'm ritika gupta. by september or october, president biden is likely to see some version of his $4 trillion a comic plan passed in congress. the president has two major tasks. he has to keep democrats from splitting the party and keep fending off her public attempt to portray the planets radical. democrats can use senate rules to bypass republican opposition to most of the plan. fallout from...
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Apr 23, 2021
04/21
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york, new jersey. this really gives people who want to get a bigger deduction more leverage to say we will pay a little bit higher rates, but we really want this deduction back. tom: our justin fox has a wonderful and comprehensive essay out on the confusion over our tax policy. do you presume that the politicians in washington are clear thinking, or are they going to be confused as they get to the first tuesday of november over this issue? lara: i think it is fair to say on most issues, people -- laura: i think it is fair to say on most issues, people are more confused than not. but new york, gratz said that this s. -- new york democrats said that the people getting hurt by this s.a.l.t. tax are the middle class. this has been obscured in the data, but there's a very clear effect, and that is some than they will have to contend with as they continue to push for this. the politics are very tricky. lisa: what is the analogous historical period for these taxes? is there a time in history where we saw tho
york, new jersey. this really gives people who want to get a bigger deduction more leverage to say we will pay a little bit higher rates, but we really want this deduction back. tom: our justin fox has a wonderful and comprehensive essay out on the confusion over our tax policy. do you presume that the politicians in washington are clear thinking, or are they going to be confused as they get to the first tuesday of november over this issue? lara: i think it is fair to say on most issues, people...
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Apr 20, 2021
04/21
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[laughter] from new york city, beautiful new york city, down 41 on the s&p. this is bloomberg. ritika: with the first word news, i'm ritika gupta. day two of deliberations in the minneapolis murder trial that sparked a nationwide debate over police use of force. jerry is defying the fate on derek chauvin, the former police officer accused of killing a black man, george floyd, during an arrest. prosecutors say he violated department policy. chauvin's lawyer says the video does not tell the whole story. tobacco stocks plunged after a report that the biden adminstration is considering a move to lower the nicotine content of cigarettes to make them nonaddictive. marlborough's producer altria lost $6 billion in value yesterday. in congress, a rare show of bipartisan support for a piece of legislation. the house easily passed a bill that would give state authorized marijuana businesses easier access to banking services. under current federal law, banks that provide service to marijuana businesses can be penalized. doge driving highercoin -- doge coin driving higher sunday through mon
[laughter] from new york city, beautiful new york city, down 41 on the s&p. this is bloomberg. ritika: with the first word news, i'm ritika gupta. day two of deliberations in the minneapolis murder trial that sparked a nationwide debate over police use of force. jerry is defying the fate on derek chauvin, the former police officer accused of killing a black man, george floyd, during an arrest. prosecutors say he violated department policy. chauvin's lawyer says the video does not tell the...
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Apr 16, 2021
04/21
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new york city today, isn't it just beautiful? just beautiful? ♪ jonathan: it is 7:30 in new york city. for our audience worldwide, good morning. lisa abramowicz and me today. tom keene will be back on monday. i'm jonathan ferro. futures at record highs against a year-over-year number. first quarter net interest income, $2.03 billion. for the wealth management side of the business, net revenue, six point billion dollars cash net revenue, $6.0 billion. -- net revenue, 6.0 billion dollars. the numbers just incredible. morgan stanley saying they are resuming their share buyback program in the first quarter of 2021. another bank delivering some really nice numbers. lisa: i am curious how people are going to try to poke holes in this. the share is up more than 1%. the idea of 64% increase year-over-year, it wasn't like the first quarter was that terrible for the banks, but it just highlights how amazing it has been in 2021. jonathan: it is an upside surprise on morgan stanley numbers this morning. on the capital return program, resuming the share bu
new york city today, isn't it just beautiful? just beautiful? ♪ jonathan: it is 7:30 in new york city. for our audience worldwide, good morning. lisa abramowicz and me today. tom keene will be back on monday. i'm jonathan ferro. futures at record highs against a year-over-year number. first quarter net interest income, $2.03 billion. for the wealth management side of the business, net revenue, six point billion dollars cash net revenue, $6.0 billion. -- net revenue, 6.0 billion dollars. the...
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Apr 19, 2021
04/21
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a new poll thinks -- says half of new york photos -- half of new york voters think andrew cuomo should remain. more than half of those polls think the democrat should not run for reelection next year. his standard has sunk to the lowest point since 2011. shares of peloton are lower. consumers warned to stop using the company's treadmill if there are young children or pets at home. the consumer product safety commission is investigating debts related to the machine -- deaths related to the machine. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ >> i would be very surprised if we do not have a resumption in some form by friday. a decision will almost certainly be made by friday. i do not anticipate they will want to stretch it out longer. tom: dr. fauci on face the nation. hugely successful on bloomberg radio. all of a sudden we have -- enduring success for bloomberg. face the nation and dr. fauci. not only the conversation of the day on vaccination
a new poll thinks -- says half of new york photos -- half of new york voters think andrew cuomo should remain. more than half of those polls think the democrat should not run for reelection next year. his standard has sunk to the lowest point since 2011. shares of peloton are lower. consumers warned to stop using the company's treadmill if there are young children or pets at home. the consumer product safety commission is investigating debts related to the machine -- deaths related to the...
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Apr 19, 2021
04/21
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from new york city, it is beautiful in new york once again . this is bloomberg. ♪ jon: from new york city to her audience worldwide, good morning. alongside tom keene, lisa abramowicz, i am jonathan ferro. in the equity market, we pull back from record highs. similar story in the nasdaq. no real drama in the equity market. this is what we look like, story of last week. yields coming in by eight basis points. despite having better-than-expected retail sales and higher than anticipated inflation. yield down to basis points from 1.74 from the end of march. the euro dollar up .4%. a stronger euro. we capitulate and we move. goldman looking at 125, up from 121 previously. tom: dxy 91.94. right now on monday, as we look at sport -- the sport of economics is led by michael spence from stanford university. professor spence, thrilled to have you with us. we see a white house looking for wage lift and one of the great thinkings, including what we saw from jamie dimon's letter was the ability to get wage growth in america. how do you get wage growth giv
from new york city, it is beautiful in new york once again . this is bloomberg. ♪ jon: from new york city to her audience worldwide, good morning. alongside tom keene, lisa abramowicz, i am jonathan ferro. in the equity market, we pull back from record highs. similar story in the nasdaq. no real drama in the equity market. this is what we look like, story of last week. yields coming in by eight basis points. despite having better-than-expected retail sales and higher than anticipated...
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Apr 29, 2021
04/21
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bill de blasio on ms and bc, saying that new york city willfully -- on msnbc, saying that new york city will fully reopen on july 1. unclear what that means. things are getting back to business. tom: you mentioned it earlier as you interpolated the vaccine news in germany. i'm sorry, it is a bundle of worldwide good news. jonathan: a record day of vaccinations in germany north of one million. anything north of one million is the equivalent of doing 4 million vaccinations here in america. that is a fantastic number. we are clearly heading in the right direction now. euro-dollar got the scent of that a number of weeks go. tom: the stark reality here of the fancy nest of finance and markets and all the -- all that we do on "bloomberg surveillance " is the reality of what you heard from the president last night. a huge part of the public does not care about price target upgrades to apple. lisa: one thing joe biden was talking about is that the pandemic hit the lowest income earners the hardest and actually allowed savings to grow pretty substantially among the highest earners. what i though
bill de blasio on ms and bc, saying that new york city willfully -- on msnbc, saying that new york city will fully reopen on july 1. unclear what that means. things are getting back to business. tom: you mentioned it earlier as you interpolated the vaccine news in germany. i'm sorry, it is a bundle of worldwide good news. jonathan: a record day of vaccinations in germany north of one million. anything north of one million is the equivalent of doing 4 million vaccinations here in america. that...
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Apr 12, 2021
04/21
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jonathan: from new york city, good morning. alongside lisa abramowicz and tom keene, m jonathan ferro. record highs on the s&p close friday. a big week ahead. earnings and america start wednesday from j.p. morgan. this is "bloomberg surveillance ." ♪ want to save hundreds on your wireless bill? with xfinity mobile, you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network? sure thing! and with fast, nationwide 5g included - at no extra cost? we've got you covered. so join the carrier rated #1 in customer satisfaction... ...and learn how much you can save at xfinitymobile.com/mysavings. jonathan: from new york city, this is "bloomberg surveillance ." check on the price action this monday morning. s&p 500 futures down a little bit, off by 2/10 of 1%. the nasdaq off by 1/3 of 1%. the russell down on the week, off by almost 0.5 of 1%. michael wilson talking about the underperformance of the russell compared to the s&p 500. since small caps pete last week, eigh
jonathan: from new york city, good morning. alongside lisa abramowicz and tom keene, m jonathan ferro. record highs on the s&p close friday. a big week ahead. earnings and america start wednesday from j.p. morgan. this is "bloomberg surveillance ." ♪ want to save hundreds on your wireless bill? with xfinity mobile, you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network? sure thing! and with fast,...
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Apr 29, 2021
04/21
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a headline crossing the bloomberg from new york city mayor bill de blasio, saying that new york city will fully reopen on july 1. but trying to get around what this actually means. he says he expects broadway to return to full strength in september. so are we opening -- are we reopening parts of the economy, keeping other parts until september? tom: i would say there is some confusion about this. but the confusion was there yesterday as well. we are all stumbling forward. lisa, i'm going to go to you on this. the school thing in september is really the transient point. lisa: how much is this going to hinge on vaccinations of 12 to 15-year-olds, even younger individuals? the idea that kids will be able to go back to school in person in full in september. tom: i know we've got to get back to semiconductors here, but dr. levy at children's hospital in boston was heated that we need a research regime before we get vaccinations under 16 years old. jonathan: we need a little more clarity on a whole range of issues. when we get those details, we will bring them to you. across the bloomberg
a headline crossing the bloomberg from new york city mayor bill de blasio, saying that new york city will fully reopen on july 1. but trying to get around what this actually means. he says he expects broadway to return to full strength in september. so are we opening -- are we reopening parts of the economy, keeping other parts until september? tom: i would say there is some confusion about this. but the confusion was there yesterday as well. we are all stumbling forward. lisa, i'm going to go...
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Apr 13, 2021
04/21
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this coming from "the new york times" in the last minute or so. a quick look at the price action off the back of that headline, equities are lower. a mild move on the s&p 500, down by about 0.2% so far. as we take in the reporting, and i will repeat that, the united states to call for a pause on the j&j vaccine after clotting cases, that is according to "the new york times." tom: we will see it from everybody today. another headline coming out of the joint cdc and fda statement on this. what i would go to is whether it is this or astrazeneca or everything else, it is a measure, and i don't want to editorialize here, of statistical perfection. as the pros we talked to well know, there are standard ranges. errors are allowed, but how much? jonathan: i think we need the official response from the administration. the cdc to convene a meeting wednesday to further review these cases. this is important. we have seen it play out around the astrazeneca vaccine in europe as well. the good news for america right now is that we still have the pfizer/biontech
this coming from "the new york times" in the last minute or so. a quick look at the price action off the back of that headline, equities are lower. a mild move on the s&p 500, down by about 0.2% so far. as we take in the reporting, and i will repeat that, the united states to call for a pause on the j&j vaccine after clotting cases, that is according to "the new york times." tom: we will see it from everybody today. another headline coming out of the joint cdc and...
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Apr 14, 2021
04/21
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from new york city this morning, good morning. on radio come on tv, with futures positive -- on radio, on tv, with futures positive, this is "bloomberg surveillance." ♪ it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity makes moving easy. go online to transfer your services in about a minute. get started today. ♪ >> there's a high bar to meet for earnings, but i think there's some decent potential for some pockets of outperformance. >>>> i think the dividend buybacks story is going to be important for the banks going forward. >> after the shutdown we had, we were just going to end up with readings of inflation. >> i think for markets, it is 2022 inflation that is more important. >> everything would follow would suggest every bit of inflation is being passed through, a
from new york city this morning, good morning. on radio come on tv, with futures positive -- on radio, on tv, with futures positive, this is "bloomberg surveillance." ♪ it's moving day. and while her friends are doing the heavy lifting, jess is busy moving her xfinity internet and tv services. it only takes about a minute. wait, a minute? but what have you been doing for the last two hours? ...delegating? oh, good one. move your xfinity services without breaking a sweat. xfinity...
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Apr 5, 2021
04/21
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new york state with the highest tax rate in the nation. is this a template for other states to do the same? emily: i think it is something we are going to see play out. one of the big news stories were individuals moving away from new york city and other high cost cities to cheaper and more affordable areas. i think this is one of those things that we are going to see how it plays out. is this something that is eventually going to benefit new york as a whole or something that will drive investment away? tom: thank you so much. greatly appreciate it. i want to digress here and go to housing. absolutely stunning, the haves frenzy and real estate. it seems to be everywhere that if you have got money, you are buying a house. lisa: there was a story in the journal yesterday about how big institutions are increasingly investing in real estate. how does a young couple afford a home if they are competing -- if there competing buyers a private equity firm or some sort of foundation? this is a real issue especially as people contemplate how far this
new york state with the highest tax rate in the nation. is this a template for other states to do the same? emily: i think it is something we are going to see play out. one of the big news stories were individuals moving away from new york city and other high cost cities to cheaper and more affordable areas. i think this is one of those things that we are going to see how it plays out. is this something that is eventually going to benefit new york as a whole or something that will drive...
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Apr 1, 2021
04/21
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from vaccine -- from new york this morning, good morning. picking off the second quarter with equities higher. up .9% on the nasdaq 100. yields are coming in a couple of basis points on tens. keeping an eye on the equity markets. had a sneak peek at 4k on the s&p 500. want to bring you a break and had lines from pfizer. they released a long time follow-up from the phase 3 tile -- trial. the effort confirming there is no serious safety concerns and the shot is more than 91% effective after six months. let me read that line again. the pfizer shot more than 91% effective after six months. tom: we have a great booking team that magically mass -- matches our bookings to breaking headlines. we have the perfect guests right now to talk about this and all of us dealing with what should we do, what should our behavior be in the coming months. amber's expert on what we call risk behavior. she is knee-deep and what we do with our behavior given medical crisis. thank you so much for joining us. we are changing our behavior now and pros like you are worr
from vaccine -- from new york this morning, good morning. picking off the second quarter with equities higher. up .9% on the nasdaq 100. yields are coming in a couple of basis points on tens. keeping an eye on the equity markets. had a sneak peek at 4k on the s&p 500. want to bring you a break and had lines from pfizer. they released a long time follow-up from the phase 3 tile -- trial. the effort confirming there is no serious safety concerns and the shot is more than 91% effective after...
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Apr 16, 2021
04/21
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from new york city, good morning. the week is not over yet. jp morgan numbers coming in about an hour. a look into the fed's next meeting. a bid date -- a debate potentially around tapering in the future. i find it fascinating we are already there. up on the first quarter after a couple of weeks of data, we are already having this discussion. i find that unreal. yields unchanged after a big rally this week. in the equity market, all-time highs on the s&p 500. from new york, this is bloomberg. ♪ ritika: there was a mass shooting last night at a fedex facility in indianapolis. eight people were killed and four others were wounded. authorities say the shooter killed himself. it is located near the indianapolis airport. it is not clear if the shooter worked there. in china, there has never been an economic rebound like this. gdp road -- gdp rose a record percentage. china's economy has improved slightly from the first quarter of 2020. consumer spending lacked during the early stages of recovery picked up in the first quarter. in hong kong, jimmy
from new york city, good morning. the week is not over yet. jp morgan numbers coming in about an hour. a look into the fed's next meeting. a bid date -- a debate potentially around tapering in the future. i find it fascinating we are already there. up on the first quarter after a couple of weeks of data, we are already having this discussion. i find that unreal. yields unchanged after a big rally this week. in the equity market, all-time highs on the s&p 500. from new york, this is...
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Apr 21, 2021
04/21
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from new york, this is bloomberg. >> with the first word news, i'm ritika gupta. derek chauvin will learn his fate in eight weeks. that's when a judge will sentence him for the murder of george floyd. he was convicted of second-degree murder and a number of lesser charges. he could get decades in prison. the u.s. reaching agreement on taxing big companies -- big tech companies is getting bogged down. the new rules would apply to any large company that exceeds certain numbers of annual revenue profit margins but amazon is a low-margin tech giant. other countries are balking at the idea, that could mean it would not be covered by the tax agreement. shares of -- fell after the japanese company set up a buyout. the board had urged caution saying they might not need -- it might not lead to a deal. bain capital is considering taking a private. apple has unveiled a faster ipad pro. it's a more powerful version of its pricier tablet aimed at workers and students learning to office -- returning to offices and schools. global news 24 hours a day on air and on bloomberg quic
from new york, this is bloomberg. >> with the first word news, i'm ritika gupta. derek chauvin will learn his fate in eight weeks. that's when a judge will sentence him for the murder of george floyd. he was convicted of second-degree murder and a number of lesser charges. he could get decades in prison. the u.s. reaching agreement on taxing big companies -- big tech companies is getting bogged down. the new rules would apply to any large company that exceeds certain numbers of annual...
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Apr 7, 2021
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around new york city. it has been replicated in other parts of the country. robinhood has been the signature anti-poverty action the financial community can claim a good deal of credit for helping to get started. tom: is wes moore electable? david: no african-american has been elected statewide in maryland other than as lieutenant governor on some other governors ticket. maryland is a democratic state and has a large black population , he would appeal to more than blacks. is a democrat and a lot of people are seeking the nomination. it is too early to say. he is certainly a strong, articulate candidate, no doubt about that. tom: i would love to see a david douma and stein 66 page annual letter. that would be great. jamie dimon out with a letter. he talks about fortitude as being part of leadership. what is the fortitude you have observed from wes moore? david: he has overcome real disadvantages. he was handcuffed by police when he was 11 or 12, sent to military academy. had real challenges as a youth, but
around new york city. it has been replicated in other parts of the country. robinhood has been the signature anti-poverty action the financial community can claim a good deal of credit for helping to get started. tom: is wes moore electable? david: no african-american has been elected statewide in maryland other than as lieutenant governor on some other governors ticket. maryland is a democratic state and has a large black population , he would appeal to more than blacks. is a democrat and a...
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Apr 19, 2021
04/21
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from new york city this morning, good morning. alongside tom keene and lisa abramowicz, i am jonathan ferro. futures, off 8%, 9% on the s&p 500. the euro-dollar, -- in the bond market, standdown moves the last week. yields in, yields unchanged. tom: a new weakness moments ago, to breach 91 would be a huge deal, to breach 90, down to an 89 level would be unimaginable. a briefing from emily wilkins, our bloomberg government reporter. the biden discussion we heard on friday, and the zeitgeist, it seems to be a resurgent state department. led by the biden administration and may be moving on from the trump years, as well. do you perceive washington is on a foreign policy mission and state department like before or is it something new? emily: with the state department, there was a big message sent when president biden asked him to head the secretary of state. there is a sense the two would be working closely. he would speak to individuals with the authority of president biden because the two of them are so closely together. the state de
from new york city this morning, good morning. alongside tom keene and lisa abramowicz, i am jonathan ferro. futures, off 8%, 9% on the s&p 500. the euro-dollar, -- in the bond market, standdown moves the last week. yields in, yields unchanged. tom: a new weakness moments ago, to breach 91 would be a huge deal, to breach 90, down to an 89 level would be unimaginable. a briefing from emily wilkins, our bloomberg government reporter. the biden discussion we heard on friday, and the zeitgeist,...
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Apr 23, 2021
04/21
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from new york city this morning, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. here's the price action. it is a proposal. liz ann sonders reemphasizing it is a proposal. this is a starting point. 4130 six on the s&p 500. up a little more than eight points, 0.2% on the s&p 500. yields higher to 1.5525%. bank of america saying follow the easter bunny. easter disruptions to retail spending. don't get distracted, lisa. lisa: after ken, the easter bunny? what do you expect? jonathan: an increase for the seven days ending april 17, fading as we work our way through the disruption of easter and those checks sent out, too. go to cash on 11.5% spending, tom. tom: i'm going to go to earnings and predict we see a real readjustment in equity strategy in the next three to four days. right now, emily wilkins to translate for us, bloomberg's capital gains tax reporter. to me, the most important person to watch is the gentleman from western massachusetts' first congressional district, richard neal. he is ways, he is m
from new york city this morning, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. here's the price action. it is a proposal. liz ann sonders reemphasizing it is a proposal. this is a starting point. 4130 six on the s&p 500. up a little more than eight points, 0.2% on the s&p 500. yields higher to 1.5525%. bank of america saying follow the easter bunny. easter disruptions to retail spending. don't get distracted, lisa. lisa: after ken, the easter bunny? what do...
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Apr 23, 2021
04/21
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from new york city this morning, good morning. alongside tom queen -- tom keene, lisa abramowicz, i'm jonathan ferro. we advance .25%. into the bond market, yields higher by five basis points. euro-dollar, firmer, stronger, higher by .3 3%, 120.56 -- 1.2056. this is bloomberg. ♪ >> with the first word news, i am karina mitchell. president biden proposes a capital gain tax almost twice as now. when you added an existing tax on investment income, those earning $1 million or more could pay 43.4%. the president wants to help pay for a raft of social spending to address long-standing inequality. russia is starting to withdraw thousands of troops from the ukrainian border today. ukraine says it welcomes the move and it reduces tension. western leaders: moscow to pull troops back. there were fears conflict would lead to new economic sanctions. it is day two of president biden's virtual climate summit. the goal is to send the message the u.s. is back at spreading the lead. many heads of state taking part had their own message for americ
from new york city this morning, good morning. alongside tom queen -- tom keene, lisa abramowicz, i'm jonathan ferro. we advance .25%. into the bond market, yields higher by five basis points. euro-dollar, firmer, stronger, higher by .3 3%, 120.56 -- 1.2056. this is bloomberg. ♪ >> with the first word news, i am karina mitchell. president biden proposes a capital gain tax almost twice as now. when you added an existing tax on investment income, those earning $1 million or more could pay...
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Apr 29, 2021
04/21
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the heat in new york city? just a blaze of summer. three different people talking about three different things. three anchors talking about three different things at the same time. tom: all listening to each other. jonathon: this is bloomberg. ♪ ritika: with the first word news, i am ritika gupta. president biden has claims that america is on the move again. he planned a tax hike on the wealthy to pay for plans to spend trillions on education and childcare and other democratic priorities. the president said his proposal would be a jobs maker, especially for those without college degrees, people who largely supported donald trump. legal experts say that federal groups will be on the cusp of bringing charges to rudy giuliani. this has been a long-running investigation into his working ukraine including attempts to bring josh to dig up dirt on june josh joe biden. shares of facebook rising. 48% at the social network. there was strong demand from other advertisers want sting -- wanting to grab attention from users. the average price ros
the heat in new york city? just a blaze of summer. three different people talking about three different things. three anchors talking about three different things at the same time. tom: all listening to each other. jonathon: this is bloomberg. ♪ ritika: with the first word news, i am ritika gupta. president biden has claims that america is on the move again. he planned a tax hike on the wealthy to pay for plans to spend trillions on education and childcare and other democratic priorities. the...
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Apr 8, 2021
04/21
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from new york city, good morning. good to have the show back on its track with future slightly positive. this is "bloomberg." ♪ >> president biden says to .2 trillion dollar infrastructure plan is urgently needed to keep the u.s. competitive against china. the president because it the biggest jobs investment since world war ii. republicans have a number of objections also point being that corporate taxes would be raised to pay for the bill. bloomberg went the u.s. has a new proposal to try to reach a deal on global taxation. the plans as country should be able to text more corporate profits based on revenues within their own borders. the u.s. has resisted from other countries to limit to digital businesses such as google and amazon. the british government says it remains on course to meet its corunna vaccination target. -- corona vaccination target. after the astrazeneca vaccine was effectively ruled out for people under 30 stop regulators in the you casement seven and people month the 20 million who got the astros
from new york city, good morning. good to have the show back on its track with future slightly positive. this is "bloomberg." ♪ >> president biden says to .2 trillion dollar infrastructure plan is urgently needed to keep the u.s. competitive against china. the president because it the biggest jobs investment since world war ii. republicans have a number of objections also point being that corporate taxes would be raised to pay for the bill. bloomberg went the u.s. has a new...
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Apr 20, 2021
04/21
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from new york, this is bloomberg. ♪ ritika: with the first word news, ritika gupta. in minneapolis, the jury resumes today in the trial of derek chauvin. in closing arguments, his lawyer says the viral video of him kneeling on floyd's neck does not tell the whole story. prosecutors argue that chauvin violated department policy and training. tokyo will ask the japanese government to declare a state of emergency because of the coronavirus, according to a newspaper. authorities have been stepping up restrictions to consign a surge in infections just three months before the start of the summer olympics. in germany, armin laschet has won the battle to lead angela merkel's coalition in the november election. markus soeder conceded. armin laschet would be likely to continue merkel's centrist policies if he wins. johnson & johnson posted better-than-expected first-quarter results, plus the company raised financial guidance for this year despite the setbacks of the fallout of its coronavirus vaccine. they are awaiting word from regulators on whether use of its vaccine can res
from new york, this is bloomberg. ♪ ritika: with the first word news, ritika gupta. in minneapolis, the jury resumes today in the trial of derek chauvin. in closing arguments, his lawyer says the viral video of him kneeling on floyd's neck does not tell the whole story. prosecutors argue that chauvin violated department policy and training. tokyo will ask the japanese government to declare a state of emergency because of the coronavirus, according to a newspaper. authorities have been...
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Apr 13, 2021
04/21
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from new york city, for audience worldwide, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. waiting for economic data. here it is. michael: we do have some inflation, it comes in a little hotter than economists anticipated. the month of her month interest on the cpi is .6. the forecast was .5%. the core comes in .3%. the forecast was .2%. cpi headline number at 2.6%. core at 1.6%. the headline number is almost a full percent higher than in february. this is explained that in march last year prices just inflated. that is why we are seeing the -- jim vogel says maybe we are trying too hard to find a problem. that the markets already expect. tom: i will cut you off and go right where i was with jared bernstein. the problem is i've had three emails in the last 48 hours about a bag of groceries. what inflation are you reporting on that they are looking at in washington that is separate and distinct from what a bag of groceries is costing everybody right now? michael: we are looking at the headline numbers and that is wh
from new york city, for audience worldwide, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. waiting for economic data. here it is. michael: we do have some inflation, it comes in a little hotter than economists anticipated. the month of her month interest on the cpi is .6. the forecast was .5%. the core comes in .3%. the forecast was .2%. cpi headline number at 2.6%. core at 1.6%. the headline number is almost a full percent higher than in february. this is explained...
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Apr 22, 2021
04/21
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from new york city this morning, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. here's the price action. your equity market looks like this. on the s&p 500, down 0.1%. in the bond market, yields 1.5609%. euro-dollar advancing 0.2%. here's the announcement. the president will be speaking. . at about 42 minutes this coming from the -- speaking in about 42 minutes. this coming from the administration. the president to announce a new target in reducing greenhouse gas pollution for 2030. tom: the switch from trump to biden's extraordinary. maybe we have never seen it in the history of our pollution. but it is also the international set up as well. josh wingrove joins us come our white house correspondent, specifically on this speech. the president wrap this around a busted paris agreement which was 196 parties. which of those parties is the president speaking to this morning? josh: he's focusing on the big emitters, in particular we've got vladimir putin participating, and i think what we think they are goin
from new york city this morning, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. here's the price action. your equity market looks like this. on the s&p 500, down 0.1%. in the bond market, yields 1.5609%. euro-dollar advancing 0.2%. here's the announcement. the president will be speaking. . at about 42 minutes this coming from the -- speaking in about 42 minutes. this coming from the administration. the president to announce a new target in reducing greenhouse gas...
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Apr 21, 2021
04/21
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from new york city this morning, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. here's your price action this wednesday morning. on the s&p 500, down about three points, off about 0.1%. the nasdaq, the russell. the russell down more than 3% coming into wednesday. euro-dollar, $1.2006. let's just sit on that story. what a mess it has been. some of the tycoons of the business world have just made one of the biggest miscalculations perhaps in the history of sport, at least in the history of the business of sport. tom: i don't think that is off the mark. i'm not going to go back to world war ii, but certainly back to my youth. it has just been asked ordinary. why don't you bring it up with alix webb in london? he has observed it. maybe he has some wisdom we don't have. jonathan: alex, your take on the week so far? it felt like a month. alex: astonishing, the roller coaster we have been on. this is a huge effort from the big clubs to protect their revenues. on one side, clubs that are fan owned struggled to
from new york city this morning, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. here's your price action this wednesday morning. on the s&p 500, down about three points, off about 0.1%. the nasdaq, the russell. the russell down more than 3% coming into wednesday. euro-dollar, $1.2006. let's just sit on that story. what a mess it has been. some of the tycoons of the business world have just made one of the biggest miscalculations perhaps in the history of sport,...
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Apr 22, 2021
04/21
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from new york city this morning, good morning. this thursday morning, and ecb rate decision just around the corner. claims in america going into the equity futures is shaping up. slightly negative. in the bond market, yields high by almost a basis point. euro-dollar maintaining that 120 handle of 120.54. look at another 600 million hit off the back of the chaos. that is the story out of zurich. let's talk about a story in the united states. bank of america producing research this morning. it pays to be green. investors are on top of this in a much bigger way over the last couple of years. tom: a little perspective, i remember the first earth day. i was a senior in high school. it was a joke like really, you've got to be kidding me. the air pollution in this nation is dramatically better than it ever was. i use los angeles as a litmus paper. i remember unable to see the san gabriel mountains, unable to breathe in pasadena a million years ago. it is better right now. good morning to you. can the president legislate climate change? i
from new york city this morning, good morning. this thursday morning, and ecb rate decision just around the corner. claims in america going into the equity futures is shaping up. slightly negative. in the bond market, yields high by almost a basis point. euro-dollar maintaining that 120 handle of 120.54. look at another 600 million hit off the back of the chaos. that is the story out of zurich. let's talk about a story in the united states. bank of america producing research this morning. it...
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Apr 9, 2021
04/21
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from new york city on tv and radio, this is bloomberg. ritika: with the first word news, i am ritika gupta. he had no official role, but for more than 70 years he was one of the most influential members of the british royal family prince philip died today at windsor castle. he was 99. he was a penniless greek royal who married elizabeth in 1947 and helped modernize the british royal family and his politically incorrect statements both amused and appalled the nations at times. michigan is grappling with the coronavirus surge that has made it worst pies for covid in the u.s.. the state reported more than 8000 infections and 30 death on wednesday. it is now on pace to surpass its december record. on a per capita basis, michigan has the most coronavirus hospital patients. the u.k. will decide whether britons can resume taking international holidays. on may 17 countries will be rated turning -- rated according to the rest. it is too late to say which countries will get the green light. in vienna the chief negotiator of the nuclear talks says t
from new york city on tv and radio, this is bloomberg. ritika: with the first word news, i am ritika gupta. he had no official role, but for more than 70 years he was one of the most influential members of the british royal family prince philip died today at windsor castle. he was 99. he was a penniless greek royal who married elizabeth in 1947 and helped modernize the british royal family and his politically incorrect statements both amused and appalled the nations at times. michigan is...
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Apr 15, 2021
04/21
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from new york city this morning, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. equities are up nicely, up 0.4%. retail sales in america 15 minutes away -- in america 15 minutes away -- in america 50 minutes away. this is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta. in a phone call with vladimir putin, president biden warned he would defend u.s. interests. the next move could come as early as today. the biden adminstration is expected to impose sanctions on russia for alleged misconduct, including efforts to disrupt. . the u.s. presence will election a number of russian -- to disrupt the u.s. presidential election. a number of russian entities and individuals will be sanctioned. last week, the biden adminstration added seven chinese supercomputing firms to a blacklist. chinese automaker geely will use its electric car unit to take on tech giants like apple. both of them also want to enter the booming electric vehicle market. >> we were exactly created by this -- created for this, s
from new york city this morning, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. equities are up nicely, up 0.4%. retail sales in america 15 minutes away -- in america 15 minutes away -- in america 50 minutes away. this is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta. in a phone call with vladimir putin, president biden warned he would defend u.s. interests. the next move could come as early as today. the biden adminstration is expected to impose...
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Apr 27, 2021
04/21
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a beautiful new york city. this is bloomberg. ♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number... delete it. i'm deleting it. so, break free from the big three. xfinity internet customers, take the savings challenge at xfinitymobile.com/mysavings. or visit and xfinity store to learn how our switch squad makes it easy to switch and save hundreds. so many people are overweight now and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now there's golo. golo helps with insulin resistance, getting rid of sugar cravings, helps control stress and emotional eating and losing weight. go to golo.com and see how golo can change your life. th
a beautiful new york city. this is bloomberg. ♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number... delete it. i'm deleting it. so, break free from the big three. xfinity internet customers, take the savings challenge at xfinitymobile.com/mysavings. or visit and xfinity store to...
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Apr 8, 2021
04/21
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from new york city this morning, good morning. tom: you're the only one who did. [laughter] jonathan: tom, stay out of trouble. equities all-time highs on the s&p, up 15, 0.4%. this is "bloomberg surveillance. " ♪ ritika: with the first word news, i'm ritika gupta. a key democrat just made getting president biden's agenda through the senate more difficult. senator joe manchin of west virginia says he opposes scrapping the filibuster under any circumstance, writing in "the washington post." he says the law that requires 60 votes are most legislation is a critical to to represent less populous states. manchin effectively has a veto in the senate that is divided 50-50. the white house is considering whether to double the previous commitment to cut greenhouse gas emissions. the biden adminstration may propose to reduce emissions by 50% or more by the end of the decade. that would require rheumatic changes in the power of transportation and other sectors. a potential boycott of the winter olympics in beijing could be the next big battle with china. the u.s. isn't dis
from new york city this morning, good morning. tom: you're the only one who did. [laughter] jonathan: tom, stay out of trouble. equities all-time highs on the s&p, up 15, 0.4%. this is "bloomberg surveillance. " ♪ ritika: with the first word news, i'm ritika gupta. a key democrat just made getting president biden's agenda through the senate more difficult. senator joe manchin of west virginia says he opposes scrapping the filibuster under any circumstance, writing in "the...
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Apr 8, 2021
04/21
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from new york city this morning, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. tom, i did not miss that comment. [laughter] equities of 15 on the s&p. tom: he said, where's the guy with the british accent? [laughter] jonathan: let's not get into what mike said. in the bond market, yields come in a couple of basis points on tens. we are off the lows. big breath. let's start again. your equity market looking good. this is bloomberg. ♪ ritika: with the first word news, i'm ritika gupta. president joe biden today will announce he is taking executive action to tighten gun restrictions. one of those actions will be aimed at so-called ghost gun's. people buy kits that contain the components to build guns in as little as 30 minutes. they are called ghost gun's because they don't have serial numbers, so they can't be traced by the police. president biden says passing his 2.2 trillion dollar inference structure is urgently needed to keep the u.s. competitive with china. the president called the package the big
from new york city this morning, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. tom, i did not miss that comment. [laughter] equities of 15 on the s&p. tom: he said, where's the guy with the british accent? [laughter] jonathan: let's not get into what mike said. in the bond market, yields come in a couple of basis points on tens. we are off the lows. big breath. let's start again. your equity market looking good. this is bloomberg. ♪ ritika: with the first word...
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Apr 26, 2021
04/21
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tom: i saw small bank merger of new york and michigan. we see the continued battle over canadian pacific. w.r. grace taken out by standard industries. this is about cheap money. the gloom crew not seeing the action of corporations, whether apple or smaller companies. jonathan: it is quite u.s. specific. we came into 2021 talking about global synchronized growth area i think that is a nod towards what is happening at the moment, what has happened in europe in the first quarter, and towards a better than economy, certainly compared to where we were six months ago. tom: 6.9 zero on the vix. to make, what we see in the data check that has gone nowhere for weeks, what do you observe in the yield market? jonathan: you do the data check and i will disrupt it. get out of cash. euro, no one cares. [laughter] tom: there's your data check on radio and tv. . all we care about is getting to troy gayeski, including the bitcoin call. he is with skybridge, their co- chief investment officer. i'm reading that hedge funds are doing better. what is the link
tom: i saw small bank merger of new york and michigan. we see the continued battle over canadian pacific. w.r. grace taken out by standard industries. this is about cheap money. the gloom crew not seeing the action of corporations, whether apple or smaller companies. jonathan: it is quite u.s. specific. we came into 2021 talking about global synchronized growth area i think that is a nod towards what is happening at the moment, what has happened in europe in the first quarter, and towards a...
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Apr 14, 2021
04/21
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from new york city this morning, good morning. this is bloomberg. ♪ ♪ >> we bounce back from the kind of down we had, you're just going to end up with inflation. >> i just don't think you can make a case for much higher rates. >> the market focus is on the destination, and the path to get there is somewhat rocky. >> i think for markets, it is 2022 inflation that is more important. >> will the fed fight inflation, contain inflation as it rises, as the cycle continues? >> this is "bloomberg surveillance" with tom keene, jonathan ferro, and lisa abramowicz. jonathan: jp morgan down, goldman sachs up next. good morning. this is "bloomberg surveillance ," live on bloomberg tv and radio. alongside tom keene li
from new york city this morning, good morning. this is bloomberg. ♪ ♪ >> we bounce back from the kind of down we had, you're just going to end up with inflation. >> i just don't think you can make a case for much higher rates. >> the market focus is on the destination, and the path to get there is somewhat rocky. >> i think for markets, it is 2022 inflation that is more important. >> will the fed fight inflation, contain inflation as it rises, as the cycle...
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Apr 1, 2021
04/21
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from new york city this morning, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. your price action looks like this on the equity market. on the s&p we advanced 0.3%. that nasdaq up 0.9%. when i say people disagree with it, i am talking about economic circles. there was huge debate about the $1.9 trillion plan. larry summers spoke about it. some is very much on board with what we are seeing. tom: and of course, this is actually money applied, whether you agree or disagree. it is not like a check in the mail. this is money applied to different programs. so i think a different prism, a different analysis is in order. jonathan: i am pleased to say that back with this is jared bernstein, white house counsel of. you have to forgive me. -- council of economic advisers member. you have to forgive me. we were having a conversation about whether the last plan was too much. now we are having a conversation about whether this is too little. how does it get it done? jared: this is like the goldilocks of economic poli
from new york city this morning, good morning. alongside tom keene and lisa abramowicz, i'm jonathan ferro. your price action looks like this on the equity market. on the s&p we advanced 0.3%. that nasdaq up 0.9%. when i say people disagree with it, i am talking about economic circles. there was huge debate about the $1.9 trillion plan. larry summers spoke about it. some is very much on board with what we are seeing. tom: and of course, this is actually money applied, whether you agree or...
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Apr 20, 2021
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jonathan: from new york city this morning, good morning. here is the price action this tuesday morning. equity market down 21, a half of 1%. crude did have a 64 handle, back to 63.74. euros stronger, the dollar weaker. that has been the story recently, hasn't it? a slightly stronger euro. tom: the mix has changed here with the dollar weakness we see. we are back to -0.77. earnings in as well. a merger, dow jones reporting canadian national will go after kansas city southern. right now, our guest is from johns hopkins. the differential seems to be the u.k. doing well and the u.s. doing well. the news out of india and the philippines is absolutely grim. should we get used to this new polarity? >> definitely, most of us were expecting this to be the case as different countries have different vaccine rollout timescales. we have seen these more contagious variants take off in different countries. if you do not have the vaccine to stay ahead of them, you will go back to where you were. many countries are not going to have this controlled well int
jonathan: from new york city this morning, good morning. here is the price action this tuesday morning. equity market down 21, a half of 1%. crude did have a 64 handle, back to 63.74. euros stronger, the dollar weaker. that has been the story recently, hasn't it? a slightly stronger euro. tom: the mix has changed here with the dollar weakness we see. we are back to -0.77. earnings in as well. a merger, dow jones reporting canadian national will go after kansas city southern. right now, our...
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Apr 16, 2021
04/21
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from new york city, for our audience worldwide, good morning. this is "bloomberg surveillance ," live on tv and radio. alongside lisa abramowicz, i'm jonathan ferro. tom keene off today. morgan stanley the last big bank out of the gate today, and that is it. we wrap up the numbers, but another discussion about archegos. lisa: the question here, risk management. what are the practices entrenched in a bank, and what does that mean for potential execution going forward? it really is all forward-looking. that is what i expect on the questions in the call, what kind of risk management implementation they have. jonathan: here's the statement this morning. the current quarter includes a loss remitted to beschloss related to a -- includes a loss related to a single client. it is guess who? i think we know who. lisa: the question is, how anymore archegoses are there? is it idiosyncratic? drink. with these drink and games, are they always an excuse to drink? jonathan: always an excuse to drink. [laughter] i've got a good friend with a bowtie who's in bed
from new york city, for our audience worldwide, good morning. this is "bloomberg surveillance ," live on tv and radio. alongside lisa abramowicz, i'm jonathan ferro. tom keene off today. morgan stanley the last big bank out of the gate today, and that is it. we wrap up the numbers, but another discussion about archegos. lisa: the question here, risk management. what are the practices entrenched in a bank, and what does that mean for potential execution going forward? it really is all...
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Apr 27, 2021
04/21
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from a beautiful new york city, where the weather continues to warm up, i think it peaks tomorrow. we call it 27 degrees. what do you call that? tom: we call it transitory. jonathan: this is bloomberg. ritika: president biden's proposal to boost the capital gains tax would hit individuals earning $1 million and married couples jointly earning the same amount. the president is set to unveil his plan tomorrow. it would almost double the capital gains rate for some taxpayers. in china, bloomberg has learned that how wrong asset management has repaid an offer bond provided by the nations just state owned bank. it has more than $20 billion of offshore notes outstanding. general electric burned more cash than expected in the first quarter. ceo larry culp's turnaround push showed signs of improvement. ge earnings did beat estimates. still, they see a challenging environment for the crown jewel of ge's industrial business, ge aviation. u.s. companies faced soaring bills for all kind of materials they need to do business, and rising demand is helping them pass on those costs to customers. i
from a beautiful new york city, where the weather continues to warm up, i think it peaks tomorrow. we call it 27 degrees. what do you call that? tom: we call it transitory. jonathan: this is bloomberg. ritika: president biden's proposal to boost the capital gains tax would hit individuals earning $1 million and married couples jointly earning the same amount. the president is set to unveil his plan tomorrow. it would almost double the capital gains rate for some taxpayers. in china, bloomberg...
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Apr 13, 2021
04/21
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jon: from new york city this morning, i'm jonathan ferro. on bloomberg radio and tv through the next couple hours, on "bloomberg surveillance," the focus, cpi in america. the print is two hours away. this is bloomberg. ♪ matt: for our audience -- jon: for our audience worldwide, this is "bloomberg surveillance." s&p 500 futures, positive. the nasdaq had a bit of a rough time over the last couple days. down around 13 points, no drama. russell outperforming by little more than .1% after peaking in the middle of march. we pulled back by five percentage points since then, which into the bond market, that cyclical effort has stalled. 1.7 year -- 1.74 is where we peaked. right now, yields are up by a couple basis points. i think we get $24 billion of 30 year debt later as lisa indicated earlier in the program. a big conversation about inflation. what has happened to gold this year? inflation, inflation, cpi higher, higher, supply chain bottlenecks. gold on the year, down nine percentage points. bitcoin, record high, up 116% year to date. bank of
jon: from new york city this morning, i'm jonathan ferro. on bloomberg radio and tv through the next couple hours, on "bloomberg surveillance," the focus, cpi in america. the print is two hours away. this is bloomberg. ♪ matt: for our audience -- jon: for our audience worldwide, this is "bloomberg surveillance." s&p 500 futures, positive. the nasdaq had a bit of a rough time over the last couple days. down around 13 points, no drama. russell outperforming by little...
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Apr 1, 2021
04/21
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barry: being in new york here at the nasdaq today, the excitement is huge. the quarantine was just removed for new york state today, so you can just feel it in the energy this morning and the city. but overall, over the past month, we went cash positive at the beginning of march. that is just a reflect in of the demand that is out there. you think about the vaccine that is unlocking all of this demand. people got plenty of mone -- people have got plenty of money. that was before the $1400 coming in with the latest stimulus. so you've got plenty of money in people's pockets and a huge amount of demand to get out of your house and get going, so i think it's never been a better time to be in the airline business. lisa: you are talking about how other airlines have more debt per the dollar of their value that you do. how much do you expect prices to increase of these plane tickets, both among your competitors and for yourself? barry: i can't speak for what they are going to do with their prices, but obviously they have a lot more pressure if you have higher cost
barry: being in new york here at the nasdaq today, the excitement is huge. the quarantine was just removed for new york state today, so you can just feel it in the energy this morning and the city. but overall, over the past month, we went cash positive at the beginning of march. that is just a reflect in of the demand that is out there. you think about the vaccine that is unlocking all of this demand. people got plenty of mone -- people have got plenty of money. that was before the $1400...
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Apr 12, 2021
04/21
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jonathan: what is the feeling now in new york city? everyone wants to come back tom: -- wants to come back. kyndral. lisa: can you imagine --. jonathan: they are thinking, no one will notice. there's the word there, kyndr al. coming up, greg valliere, agf investments chief u.s. policy strategist. equities down seven, down 0.2%, pulling back from record highs. this is bloomberg. tom: maybe kyndral can get naming rights to tottenham -- maybe kyndryl can get naming rights to tottenham. ritika: fed chair jerome powell told "60 minutes." at the coronavirus is still a threat. he said it would be smart for people to continue to visually distance and wear masks. more than dozen ceos is companies are desperate for chips -- ceos of companies that are desperate for chips went to the white house. border makers -- regulators have said that the first significant guidance for the financial tech company since it halted its ipo. the pboc also cited record competition and to discourage a monopoly. bloomberg has learned microsoft is set to buy nuance com
jonathan: what is the feeling now in new york city? everyone wants to come back tom: -- wants to come back. kyndral. lisa: can you imagine --. jonathan: they are thinking, no one will notice. there's the word there, kyndr al. coming up, greg valliere, agf investments chief u.s. policy strategist. equities down seven, down 0.2%, pulling back from record highs. this is bloomberg. tom: maybe kyndral can get naming rights to tottenham -- maybe kyndryl can get naming rights to tottenham. ritika: fed...
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Apr 28, 2021
04/21
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from new york city for our audience worldwide, good morning, good morning. the countdown to the opening bell starts right now. equity futures unchanged. investors preparing for chair powell. >> what does the fed do? >> the fed has telegraphed a do-nothing policy for the time being. >> since their last meeting. >> we are being bombarded with economic information. >> it is better than expected. >> if the data not only surprises to the upside, but persists in surprise to the upside -- >> the harder it will be to move off that. >> the fed will get what it wants. >> the fed will be more patient. >> that is part of the fed mantra right now. >>
from new york city for our audience worldwide, good morning, good morning. the countdown to the opening bell starts right now. equity futures unchanged. investors preparing for chair powell. >> what does the fed do? >> the fed has telegraphed a do-nothing policy for the time being. >> since their last meeting. >> we are being bombarded with economic information. >> it is better than expected. >> if the data not only surprises to the upside, but persists in...
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Apr 30, 2021
04/21
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new york city talking about full the reopening in july. the president coming out with some incremental guidance on what you can do if you have been vaccinated. let's bring in andrew pekosz, john hopkins school of public health professor. i will be careful with my words. do you think the current guidance for vaccinated people is a reflection of what the science tells us vaccinated people can do or is it out of ensuring compliance from the people who have not been vaccinated? andrew: it is certainly based on the science and terms of what we know vaccination will do for an individual. we now know based on a number of studies that vaccination will not only text from severe disease, it will protect from symptomatic disease and reduce transmission. getting vaccinated is going to have a major impact on the pandemic. we assumed it would and now we have the data to support that. these relaxations of the guidance of the public health restrictions for vaccinated individuals reflects the fact that if you get vaccinated, you pose less of a threat to th
new york city talking about full the reopening in july. the president coming out with some incremental guidance on what you can do if you have been vaccinated. let's bring in andrew pekosz, john hopkins school of public health professor. i will be careful with my words. do you think the current guidance for vaccinated people is a reflection of what the science tells us vaccinated people can do or is it out of ensuring compliance from the people who have not been vaccinated? andrew: it is...
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Apr 30, 2021
04/21
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from new york city, for our audience worldwide, good morning. this is "bloomberg surveillance ," live on tv and radio. tom keene back on monday. it has been a blowout week of earnings full of big tech players. the numbers are just phenomenal. lisa: which is the reason why our discussion has been price to perfection. i like this idea that perhaps you learn more from the stock' reactions to these earnings then from the earnings themselves. jonathan: and the numbers in the reaction have been mixed, but within the numbers come of the performance of the earnings has also been mixed. pull forward and pay back. where do we see that? arguably saw it in netflix. definitely saw it in pinterest. higher costs, 3m. a lot of companies talking about higher costs, but i think the standout story outside big tech has been risk. caterpillar, ford, big companies will struggle to meet demand because of a chip shortage. that's going to be a question we've got to ask a little bit more. we will see a big year. which companies can meet that demand? lisa: and which compa
from new york city, for our audience worldwide, good morning. this is "bloomberg surveillance ," live on tv and radio. tom keene back on monday. it has been a blowout week of earnings full of big tech players. the numbers are just phenomenal. lisa: which is the reason why our discussion has been price to perfection. i like this idea that perhaps you learn more from the stock' reactions to these earnings then from the earnings themselves. jonathan: and the numbers in the reaction have...
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Apr 7, 2021
04/21
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particularly in new york state, but beyond on a federal level. how is this affecting the investment strategies of those you work with? kristen: it is not priced into the market at all. this goes back to several years ago when we had the tax reform, we started monitoring the tax winners and tax losers in terms of the tax reform. looking at the reversion of that trade in terms of increasing the corporate tax rate, you haven't seen anything play out within the market. for people who are interested as these talks progress in terms of expressing a view from an entry point standpoint, that is pretty attractive. in terms of what it could mean from a personal standpoint and how you invest, putting it into context, when we did have those tax hikes, and we have to go back to 1993 and 1987, and of the impact on the overall market. it looks like on average it was five percentage points. in that sense, putting it into perspective of what the impact could be is helpful. the larger rate environment, we don't see a lot of trading or investment around that at thi
particularly in new york state, but beyond on a federal level. how is this affecting the investment strategies of those you work with? kristen: it is not priced into the market at all. this goes back to several years ago when we had the tax reform, we started monitoring the tax winners and tax losers in terms of the tax reform. looking at the reversion of that trade in terms of increasing the corporate tax rate, you haven't seen anything play out within the market. for people who are interested...
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Apr 12, 2021
04/21
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from new york city for our audience worldwide, good morning. this is "bloomberg surveillance ," live on bloomberg tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. later this week, we will see the data behind the boom. tom: an incredibly important moment for a guy who is usually really cautious and reticent. if we are like david kotok, it is loaded the boat monday. -- it is a load the boat monday. jonathan: a huge rip off the gains behind the vaccination news and the headlines we have seen over the last six months. it gets better and better. retail sales in america thursday, i mentioned bank of america earlier this morning, looking for 11.5%. then we actually start to see the numbers, two point 5%. many expect year on year for a cpi figure later this morning. tom: there's a study within the core academics, but one of the data points this morning, 41.1 two on spx futures. -- 41 12 on spx -- 4112 on spx futures. jonathan: here yar in the first quarter, it fears like -- it feels like year-end already. tom: the red sox are
from new york city for our audience worldwide, good morning. this is "bloomberg surveillance ," live on bloomberg tv and radio. alongside tom keene and lisa abramowicz, i'm jonathan ferro. later this week, we will see the data behind the boom. tom: an incredibly important moment for a guy who is usually really cautious and reticent. if we are like david kotok, it is loaded the boat monday. -- it is a load the boat monday. jonathan: a huge rip off the gains behind the vaccination news...