Maria good thursday morning. Thank you for joining us. I am maria bartiromo, thursday march 7. Your top stories, 6 00 a. M. On the east coast. Market searching for direction ahead of Federal Reserve chairman jay powell second day two of testimony, dow industrial of 29, nasdaq up 75, the market extending yesterdays rally after fed chair jay powell told the House Financial Services committee rate cuts are coming this year. Hell testify once again in front of the Senate Banking committee right now. We will preview this morning, the house dodging a partial Government Shutdown after 460 billion funding bill, more stress on the Banking Sector as the new York Community bancorp a new infusion of cash set to receive a billiondollar investment, everything you need to know about the regionals and the impact on the broader market. European markets are lower, take a look at the eurozone a mixed story with the cat caught up six attacks and accept sexiness and p100 in london is lower by 17, the Europ
Earnings tumbled 26 for Carlyle Group you you have exits and new deals slumping. From new york, i am alix steel. Welcome, everyone, to Bloomberg Markets. From where we are now to where we were in 2011, when we had the s p downgrade, the u. S. Is completely different. Sitting in the chair now, looking at market reaction, you can feel the difference. Guy absolutely. The market is struggling. They are saying, we already knew this. But does that mean you can ignore it . Im not sure that you can completely ignore it. I think theres an underlying message here. There are three factors used here, in terms of the downgrade. One of them is clearly that the government is going to continue to spend. We will have bigger deficits, higher debt to gdp. I think that will have this Going Forward for higher Asset Classes. Is it real assets, things like commodities . I think that is something that will maybe percolate for a well. Alix in the budget deficit we do have, has that helped us since covid extend
Comment for agenda and non agenda items. A speaker card must be turned in to staff in order to speak. Please write. If youre a student, please write student at the top of the card. Child care will be provided from 6 to 9 for childrens ages three through ten, and it is available just across the hall. And the Enrollment Center, for general information, an accessibility information Translation Services and the information to observe the meeting and participate virtually can all be found online for Public Comment. We have new protocols that are linked on our board of education web page at sfusd and provide more detail about Public Comment. Lets see. Already noticed that commissioner alexander or Vice President alexander will be participating remotely. And at this time, before the board goes into closed session, i call for any speakers to close session listed on the agenda for Public Comment. Should i pause here or are there any others online for sure . Okay there arent other people outside
Had an opportunity to i do not see him, but i right now he said he was running a little bit late, i wanted to, Public Comment this evening. Public comment on all items will be heard under section e. Public comment. This includes Public Comment for agenda and non agenda items. A speaker card must be turned in to staff in order to speak. Please write. If youre a student, please write student at the top of the card. Child care will be provided from 6 to 9 for childrens ages three through ten, and it is available just across the hall. And the Enrollment Center, for general information, an accessibility information Translation Services and the information to observe the meeting and participate virtually can all be found online for Public Comment. We have new protocols that are linked on our board of education web page at sfusd and provide more detail about Public Comment. Lets see. Already noticed that commissioner alexander or Vice President alexander will be participating remotely. And at
Good morning and welcome back to bloomberg daybreak europe. I am kriti gupta in london. Tension simmer in the israelhamas war as President Bidens visit fails to win over arab leaders. The area signaling full backing when it comes to israel. The u. K. Prime minister begins his middle east war today as well. A selloff is underway in asian equities. Turmoil in the middle east combined with hawkish comments from the new york fed chief pressuring sentiment across the board. We will dive into the details. Earnings season is underway. Tesla reporting on earnings miss as elon musk dials back growth expectations. On the other hand, netflix soaring after hours in the u. S. Session following a pretty big boost to. Subscriber numbers we will hit the major european numbers as well throughout the hour. Theres a lot of crosscurrents to really kind of work our way throughout. I want to start with the broader picture and talk about futures trading. Risk sentiment is sour over in asia. Its not exactly g