Week, it is like inversion wednesday is here. Are things different this time around, pete, because this time stocks barely reacted. Granted, it was fleeting but we are ever so close to the inversion. Thats true but the reaction i think does speak something about whats going on in the market right now, and i would also add volume yesterday, volume today, at least in the derivatives world, has been absolutely depressed. Steve can talk about the nyc, but we are seeing volumes that were unbelievable. We are talking about 7 million per day over average is what weve been seeing over the last eight or ten days. So it is amazing how much volume we are seeing. With that volume it gets interesting, but the last two days, the light volume is concerning it is almost as if everybody said, you know what . Maybe well take the last week of august off. We will pull back a little bit, off of all of this maybe the inversions are not as dramatic. I would have thought that the inversions, the reaction to t
Seasonality or much ado about nothing. Here is a good thing we get a chance to ask some of the best in the business this hour. All hail the new king, nvidia. Wait until you hear what one wall street legend sold to load up on the new king of all stocks. Plus well look at the true state of the economy and the consumer. How much longer can we keep pulling this off . You do not want to miss my takeaway on the homeless crisis should have america hanging its head in shame. All that and so much more on making money. Charles we should have had those trumpets they play, right . Because all hell, is official coronation, the new king of the stock market, nvidia. 36 buy recommendations on it. There were 31. Folks are loading up on this stock. Its really, really crazy. Here is the thing, seven overweights. Used to be three. One firm holding out right now, just one firm with an underweight rating on it. Obviously no firms have a sell signal on it. Here is the thing, wall street was waiting for a cha
Good morning. This is bloomberg daybreak europe. Im lizzie burden in london. And these are the stories that set your agenda. Surprise cut. Chinas central bank unexpectedly cuts its key lending rate by the most since 2020, as Industrial Production, retail sales and fixed assets data all miss estimates. Asia markets are mixed. Donald trump is indicted in atlanta over alleged efforts to undo his 2020 election defeat in georgia, adding a fourth criminal case against the former president. Plus, what Warren Buffett is buying and selling. Well bring you the latest 13 f filings as hedge funds look to gain from the hype over artificial intelligence. Well, good morning. Welcome to tuesday. And it might be august, but its a busy one. Youve got traders betting that the fed is going to keep rates higher for longer. So treasury yields have been steadying in early trading in asia. But you did see the ten year yield climb to its highest since november yesterday. The two year yield, which of course is
Lunch. First, a check on these markets, though, the dow is up 0. 6 lee munson thinking 5400 is next for the s p 500. Take a look at shares of sinclair sources are telling cnbc that the Media Company is looking to sell more than 30 of its 185 owned or operated o o broadcast stations, those shares up nearly 15 . Were carefully watching consumers. Several Food Companies reporting results. Cheesecake factory beat on earnings Krispy Kremes heartshaped doughnuts was the bigger day of selling. I have to admit, since they are started selling in grocery stores, my waistline has increased. This new ad for its brandnew i pads, it shows musical instrument, lit wally getting crushed, seemingly showing you can do all of those things on a new slimmer, thinner ipad, but many are saying that the i up and down and apple are crushing Something Else, and that is humanity. Steve kovach is here with the story. This is kind of polarizing, mostly because of the reaction i saw the ad i immediately didnt think,
And it is the biggest gaming event of the year. We will take you e3 in l. A. But first, to our lead, after years of speculation, apple is finally lifting the hood on its car ambitions focusing on the , technology that makes autonomous driving possible. For the first time ever, apple ceo tim cook spoke about apples car ambitions in an inclusive interview, and also discussed the companys outlook on china. Take a listen. Tim china, for us, we make our decisions for the longterm, and so we are not investing for next quarter or next year. We are thinking about many, many years out, and as i stand back and look at china, i see megatrends there that make china an incredible market. I dont just mean a market to sell in. I also mean a market for Application Developers. We have 1. 5 million Application Developers in china now, probably closer to 2 million now. So it is an incredible marketplace for talent and in terms of the size of the marketplace. So, the shortterm kinds of economic moves up a