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July 16, 2024
Painting a rosier picture of economic fundamentals. Joining us is david zervos, looking sharp with the new haircut. David, what do you make of the fact that we have bounced back pretty nicely . Yesterdays reversal and some followthrough today what does that tell you . I think the trade tensions are definitely a story summer liquidity is the story. It was a pretty aggressive 200point plus move in the s p and the interesting thing from the price action for me is the rate market. The rate market ha...
July 16, 2024
Th dollar in more than a decade. Most european markets were down 2 . Hong kong was dow 3 and then it was time for wall street to get to work, and it wasnt pretty. When you have names like apple down 5 , boeing down 2. 5 you know youre going to be in for a rough time, andxa thatsly what happened today. Here are the final numbers with the dow down 767 points just about 3 . It had been down nearly 1,000 at one time. The nasdaq was hit the hardest off 278. About 3. 5 s and the dropped by 87. It was ...
July 16, 2024
Manipulator. China has been taking steps to shore up the movement. Stocks in europe flat. They were lower early on. Scene to be stabling. Less of aa little bit move then yesterday. Excellence. En par view ofp, we get the Anthony Scaramucci. We will ask him about markets and the Trump Administration at 5 30 p. M. London time. The new york city, here is viviana hurtado. Viviana the yield on benchmark 10 year treasuries falling earlier to a level not seen since before the 2016 president ial electio...
July 16, 2024
Is looking to perform, so that has the stock nice and higher today. Of most him course of Molson Coors Brewing is leaving, the ceo be replaced by of miller coors. We want to know if the fomc can thread the needle . What does he need to get done today . Guest the first thing is 25 basis points. Everybody knows that if he doesnt cut 25, hes got a credibility problem in the markets. 25 is done. I think youd like to do 50. He and others have given indication that if youre going to do something at th...
July 16, 2024
Welcome to bloomberg surveillance. I am in zurich speaking to the leadership of Credit Suisse. Lets check in on the markets. , the share price may give a bit of a lift to the markets. But the main news we are watching out for is what is going on with the fed and whether jay powell can do something that will surprise the markets. For the moment, it seems like a 25 basis point cut is already priced in. Later on, we are expecting data out of europe. Im looking at what is going on with the u. S. 10 ...
July 16, 2024
Thatdominated yesterdays action, that along with chinas currency move. Overnight Chinas Central Bank setting the yuan mid point firmer than many expected. That happened at 9 00. We saw a turnaround in u. S. Equity futures which were down overnight as much as 600 points at the lows. Right now a positive open across the board. S p looking to be up by 11 points dow jones up by 102. The nasdaq looking to recoup 44 points as for u. S. Treasury yields, we saw a 2016 low also. We had the tenyear note a...
July 16, 2024
Imprisonment of the doctor who worked with the cia in pakistan to help locate osama bin laden. That doctor has been imprisoned and that has report that is reportedly set to come up between President Trump and the Prime Minister. David we will be coming back to the white house as things develop in the conversations between the president and the Prime Minister. We want to go to bill and talk about iran. The tensions do not seem to diminish over the weekend. Bill not at all. Theresa mays National S...
June 30, 2024
Attorney general Jeff Sessions, one of the speakers at the National Lawyers society federalist meeting in washington. Later there will be a keynote speech by white House Counsel gahn. D mc live coverage, here on cspan. [applause] host good afternoon, ladies and gentlemen. It is a great pleasure to be with you and to look at this overflow audience here. Particularly, its an honor to me to introduce a gentleman. Hat i have known for long time hes a good friend and certainly a person i have great a...
June 30, 2024
Good afternoon, everyone. My name is wayne abernathy, executive Vice President for Financial Institutions policy at the american bankers association. Here in the Federalist Society, i am the chairman of the Financial Services Practice Group, who is sponsoring this session today, financial administrationhe Administrative State. We very much appreciate you being here to listen from our very experienced, distinguished, and insightful panel. If you happen to be interested in the work of a Financial ...
June 30, 2024
Good afternoon, everyone. My name is wayne abernathy, executive Vice President for Financial Institutions policy at the american bankers association. Here in the Federalist Society, i am the chairman of the Financial Services Practice Group, who is sponsoring this session today, Financial Regulation of the Administration Administrative state. That is a longterm or a very topic. We very much appreciate you being here to listen from our very experienced, distinguished, and insightful panel. If you...