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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 23, 2024
04/24
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i'm katie greifeld in new york. welcome to "bloomberg markets." we have good news. stocks, s&p 500 up .7% so far. if these gains hold that would be the second straight day of wins for the s&p 500 which feels like hasn't happened in a while. big tech, the nasdaq 100 currently higher to the tune of .9% but as we know, everything can change tonight when we hear from tesla, kicking off a big week of earnings. i did want to check in with the bond market. it yields were at higher but now moving lower, the 10 year yield lower by two basis points, very quiet day so far. we will see if that holds. from the bond market to airlines , jetblue's nosedive's with revenue said to fall more than anticipated this year thanks to bloated capacity in latin america. last month jetblue laid out plans to drop routes and we have the details. it is pretty brutal. at one point falling by the most since 2020. brooke: this has been the story of the past year for jetblue that they just had too much capacity and is way out of whack with what the underlying trends are and were chasing growth and i
i'm katie greifeld in new york. welcome to "bloomberg markets." we have good news. stocks, s&p 500 up .7% so far. if these gains hold that would be the second straight day of wins for the s&p 500 which feels like hasn't happened in a while. big tech, the nasdaq 100 currently higher to the tune of .9% but as we know, everything can change tonight when we hear from tesla, kicking off a big week of earnings. i did want to check in with the bond market. it yields were at higher...
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Apr 29, 2024
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i'm katie greifeld, in new york. welcome to bloomberg markets. it's not exactly the big riproaring rally that we saw last week at the end of the week, but take a look at the s&p 500 and it's green right now, currently up .3%. the nasdaq 100 with mild gains, i would call them, up .2 percent. a different story if you take a look at the philadelphia semiconductor index, up .4%. in video this morning is down, so maybe that is weighing on the broader index right now, and we will of course get into some semiconductor earnings this week. before we get there, let's start with tesla. it's going heiner -- higher after elon musk paid a trip to china. receiving tentative clearance for driver assistance software in the world's biggest auto market. crank joins us now with the details. how much work is tentative doing in that sentence for approval? >> we know that there are some conditions that tesla is going to need to meet to bring this to market and that they were able to check some of those boxes while musk paid beijing a visit on sunday. what we don't know
i'm katie greifeld, in new york. welcome to bloomberg markets. it's not exactly the big riproaring rally that we saw last week at the end of the week, but take a look at the s&p 500 and it's green right now, currently up .3%. the nasdaq 100 with mild gains, i would call them, up .2 percent. a different story if you take a look at the philadelphia semiconductor index, up .4%. in video this morning is down, so maybe that is weighing on the broader index right now, and we will of course get...
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Apr 2, 2024
04/24
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i'm katie greifeld in new york, welcome to bloomberg markets. there is a lot of red on the screen behind me. you can see the s&p 500 off by 1%. it does not help tesla absolutely dropping like a stone this morning which we will get to. even worse if you look at the nasdaq 100. your big tech benchmark off by 1.4%. all the while you have a selloff in the bond market as well. you can see the 10 year treasury up eight basis points. we are just about at 440, the highest level of 2024. we have some breaking employment data in the form of jolt. mike mckee is here to break it down. michael: if you want support for the idea the fed will be on hold longer. this is february data. the number of job openings actually rose in february according to the bls in part because the number in january was revised down so what we end up with is 8 million, 756,000 job openings in february compared with 8,748,000 in january. the initial report was 8863. it's a revision that makes the number higher. the quit rate is unchanged. 2.2% which is been the same for about four mon
i'm katie greifeld in new york, welcome to bloomberg markets. there is a lot of red on the screen behind me. you can see the s&p 500 off by 1%. it does not help tesla absolutely dropping like a stone this morning which we will get to. even worse if you look at the nasdaq 100. your big tech benchmark off by 1.4%. all the while you have a selloff in the bond market as well. you can see the 10 year treasury up eight basis points. we are just about at 440, the highest level of 2024. we have...
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Apr 9, 2024
04/24
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i'm katie greifeld, in new york. welcome to "bloomberg markets." green on the screen, another quiet day, the s&p 500 currently higher by .1%. i said it was quiet. take a look at the nasdaq 100, up .2%. .3 percent, even. small caps, not exactly leading, but not a laggard, either. in some ways, it really feels like the trading week starts tomorrow with the march cpi reading. joining us for more is bloomberg's mike mckee. how consequential are these numbers? mike: they will have a lot of impact, particularly the markets . this is the last cpi they will get before the beating, it will definitely figure into their thinking. it could make the case that the folks at state street are trying to make, the economy is weaker than they thought. they won't cut 50 basis points unless we get a big drop in inflation and inflation is expected to drop, but only a bit. the headline and the core are forecast to drop to 3/10 for the month, sending the core down on a year-over-year basis. the headline, driven by base and energy, is supposed to rise, not something that wo
i'm katie greifeld, in new york. welcome to "bloomberg markets." green on the screen, another quiet day, the s&p 500 currently higher by .1%. i said it was quiet. take a look at the nasdaq 100, up .2%. .3 percent, even. small caps, not exactly leading, but not a laggard, either. in some ways, it really feels like the trading week starts tomorrow with the march cpi reading. joining us for more is bloomberg's mike mckee. how consequential are these numbers? mike: they will have a...
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Apr 18, 2024
04/24
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i am katie greifeld in new york. take a look at markets at the moment. it is an interesting but quiet day in market. slightly higher. i emphasize slightly. about .1%. the nasdaq 100 currently off to the tune of .2%. take a look at small caps. currently at about .2%. we will see how long that can hold. the chipmaker delivering a better-than-expected revenue outlook on a high demand from expecting it to grow this quarter. and love though joins us with the details. take a look at what is going on with smartphones and pcs. ed: down more than 5%. there were a lot of notable milestones that make us think. to explain that basically, they actually manufacture this my conductors. 50% revenue growth. you are right about the topline growth overall. the most in over a year. the market really seizes on that number. when they saving are going to commit to this, it gives you confidence that they see markets that are growing. the downside is that there is the weakness. it is a pocket where we are still seeing slow growth. even if aia is fantastical. katie: that is what
i am katie greifeld in new york. take a look at markets at the moment. it is an interesting but quiet day in market. slightly higher. i emphasize slightly. about .1%. the nasdaq 100 currently off to the tune of .2%. take a look at small caps. currently at about .2%. we will see how long that can hold. the chipmaker delivering a better-than-expected revenue outlook on a high demand from expecting it to grow this quarter. and love though joins us with the details. take a look at what is going on...
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Apr 26, 2024
04/24
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i am katie greifeld in new york. welcome to "bloomberg markets." we are charging to the finish line this friday. the s&p 500 is higher by .9%. matching my shirt. if you look at the nasdaq 100, big tech is up 1.4%. we got some earnings last night, and they were pretty good. look at the bond market. it is interesting. you have the 10 year yield lower rate by six basis points, even though the core pce price index, the fed's preferred gauge of underlying u.s. inflation, was rising at the quickest pace in quite a while and actually beating expectations. bloomberg's mike mckee joins us to break it down. walk me through this market reaction. michael: the market reaction is interesting. we are at status quo after the pce numbers on wednesday. we just got some interesting information from the university of michigan's survey that shows people think that inflation is still going up on a one-year basis, up to 3.2% from 3.1%. the fed is not going to like that. no change in the five to 10 year inflation at 3%. consumer sentiment is down more than anticipated. 79
i am katie greifeld in new york. welcome to "bloomberg markets." we are charging to the finish line this friday. the s&p 500 is higher by .9%. matching my shirt. if you look at the nasdaq 100, big tech is up 1.4%. we got some earnings last night, and they were pretty good. look at the bond market. it is interesting. you have the 10 year yield lower rate by six basis points, even though the core pce price index, the fed's preferred gauge of underlying u.s. inflation, was rising at...
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Apr 30, 2024
04/24
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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 17, 2024
04/24
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katie: i am katie greifeld. >> it feels like a regime change. katie: four straight days of losses. more than $12 trillion global etf industry. etf's play a growing role on exchanges. scarlet: we will
katie: i am katie greifeld. >> it feels like a regime change. katie: four straight days of losses. more than $12 trillion global etf industry. etf's play a growing role on exchanges. scarlet: we will
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Apr 8, 2024
04/24
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katie: i'm katie greifeld. scarlet: i missed the last one, so i am ready with my glasses. katie: while we still have you, let's get to the biggest stories in the more than $12 trillion global etf industry, and we start with bitcoin passing the $72,000 mark. scarlet: and we look at the michael keaton indicator tied to the nikkei index, which has some people hoping for an
katie: i'm katie greifeld. scarlet: i missed the last one, so i am ready with my glasses. katie: while we still have you, let's get to the biggest stories in the more than $12 trillion global etf industry, and we start with bitcoin passing the $72,000 mark. scarlet: and we look at the michael keaton indicator tied to the nikkei index, which has some people hoping for an
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Apr 25, 2024
04/24
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i'm katie greifeld in new york. welcome to bloomberg markets. it is a down day in the markets right now on this thursday. the s&p 500 currently off by about 1.5%, and the story only gets worse if you take a look at big tech, with the nasdaq currently off by about 1.7%. we know a lot of that is coming from meta reporting earnings last night. the stock is down double digits right now. that is what we are seeing in the stock market in addition to the economic data which we will get to in just a bit. you look at how it is filtering through the bond market. you have 10 year treasury yields higher by eight basis points. firmly above 4.7% for the first time since late last year. that is after u.s. economic growth. we learned that it slid to a nearly two-year low last quarter while inflation jumps. optimism for a soft landing. michael mckee joins us with the details. walk us through how painful that dynamic might be for the fed. slow growth, hot inflation. michael: the problem is that it is not necessarily slow growth. on a headline basis, it is. there
i'm katie greifeld in new york. welcome to bloomberg markets. it is a down day in the markets right now on this thursday. the s&p 500 currently off by about 1.5%, and the story only gets worse if you take a look at big tech, with the nasdaq currently off by about 1.7%. we know a lot of that is coming from meta reporting earnings last night. the stock is down double digits right now. that is what we are seeing in the stock market in addition to the economic data which we will get to in just...
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Apr 19, 2024
04/24
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i'm katie greifeld and this is bloomberg. ♪ >> from the heart of where money and power collide "bloomberg technology in silicon valley, this is "bloomberg technology -- collide, this is "bloomberg technology." with caroline hyde and ed ludlow. ed" i'm ed ludlow in san francisco. coming up, full market coverage is ahead as investors scale back on geopolitical concerns when stocks fall back on lowe's and netflix shares flow with plans to stop supporting subscriber numbers.
i'm katie greifeld and this is bloomberg. ♪ >> from the heart of where money and power collide "bloomberg technology in silicon valley, this is "bloomberg technology -- collide, this is "bloomberg technology." with caroline hyde and ed ludlow. ed" i'm ed ludlow in san francisco. coming up, full market coverage is ahead as investors scale back on geopolitical concerns when stocks fall back on lowe's and netflix shares flow with plans to stop supporting subscriber...
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Apr 16, 2024
04/24
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i am katie greifeld in new york. welcome to "bloomberg markets." when it comes to the s&p 500, building slightly on yesterday's losses. s&p 500 currently off about .1%. you did have a selloff yesterday. managed to open a little bit higher this morning. about 30 minutes in, those gains have dissipated. big tech, nasdaq 100 trying to say in the green, currently up about .1%, even though you have that selloff in the bond market continuing. the 10-year treasury yield higher by another seven basis points, rapidly approaching 4.70% on that benchmark 10-year yield. we will see if we get there today. first, let's talk about the last of the big bank earnings rolling out this morning. bank of america and morgan stanley topping estimates, with bank of america with one of their best first quarters on record. let's get more details. let's start with bank of america. what went right? >> net-net income finally beating expectations. we did not see the same for some large bank spirits are to meet there is not only a bit of a coup, they say they expect net interest
i am katie greifeld in new york. welcome to "bloomberg markets." when it comes to the s&p 500, building slightly on yesterday's losses. s&p 500 currently off about .1%. you did have a selloff yesterday. managed to open a little bit higher this morning. about 30 minutes in, those gains have dissipated. big tech, nasdaq 100 trying to say in the green, currently up about .1%, even though you have that selloff in the bond market continuing. the 10-year treasury yield higher by...
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Apr 24, 2024
04/24
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i'm katie greifeld and this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh when i was your age, we never had anything like this. what? wifi?hhhhhh wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi with wall-to-wall coverage on all your devices, even when everyone is online. maybe we'll even get married one day. i wonder what i will be doing? probably still living here with mom and dad. fast reliable speeds right where you need them. that's wall-to-wall wifi with xfinity. campaign against ukraine. they have killed tens of thousands of ukrainians. bond hospitals -- bombed hospitals, kindergartens, grain silos. tried to plunge ukraine into a cold and dark winter by striking their power grid. ukraine -
i'm katie greifeld and this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh when i was your age, we never had anything like this. what? wifi?hhhhhh wifi that works all over the house, even the basement. the basement. so i can finally...