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BLOOMBERG Bloomberg Surveillance July 11, 2024

Tom keane taking one final day off. This market ripping through the month of november, adding weight to the rally this december. Lisa up 1 on what . Nothing it seems ahead of this testimony with chairman powell and secretary ma nuche chin. Lisa tom keen is so upset hes still in triple leverage all cash funds had he to take the time out to start his own Cooking Channel on twitter which is what he seems to be doing over the past few days. There is a question how much good news is baked in. We have...
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BLOOMBERG Bloomberg Markets European Close July 11, 2024

Is come down really sharply on the brexit news. Walk johnson prepared to away. The pound is plummeting on the back of that. We recovered a little bit, but still down. 9 . 1. 12. E sterling is at in europe, the equities are rolling over, the euro stoxx the euro stoxx down. We have money moving back into of bonds, in the same in the United States. Lets talk about brexit. Prime minister Boris Johnson and the European Commission prime minister, set to start a crucial phone call starting about now. C...
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BLOOMBERG Bloomberg Surveillance July 11, 2024

Behind, but what is important is the symbols along the way, and the number one symbol is the most unloved bull market since time began. You do measure the wall of cash on the sideline. How does that feel this dow 30,000 morning . Left out,very lonely, isolated, and i imagine some of it has capitulated. We talked about a tugofwar at the start of this month when we got deposited vaccine news. Overwhelmingly now, this market is looking through the nearterm risks into year end. I had a conversation ...
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BLOOMBERG Bloomberg Surveillance July 11, 2024

The influencer jon ferro for you on Bloomberg Radio, bloomberg television. Got all of this going on this morning. I want to do the markets to start our simulcast in this hour. We will do the data check as we talk here. Spx up 0. 7 , and once again, the nasdaq less. Is the trend in place . Jonathan the trend is in place, and the small caps outperform. Many people, and the words of jonathan callup, willing to look of Jonathan Golub, willing to look at the forward outlook. Tom we are getting into a...
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BLOOMBERG Bloomberg Surveillance July 11, 2024

Thank you for being with us on this simulcast, Bloomberg Radio, Bloomberg Television worldwide. Tremendous news flow wrapped around the details of a worsening pandemic worldwide, and indeed across this nation. Also looking at markets off the faxing news, futures up 10, dow futures up the vaccine news, futures up 10, dow futures up. New low on the vix as well. Looking at the calendar, everybody is recalibrating. Weve got a major house recalibration of the equity markets out moment ago. Jonathan a...
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BLOOMBERG Bloomberg Surveillance July 11, 2024

Thrilled you are with us on Bloomberg Radio and bloomberg television. It was not the surprise of moderna on the ratios. It was the surprise of how well they are able to get the vaccine out. That lifts markets up. Is a correlated left pop it is a correlated lift. Jonathan maybe the message is dont bet against human ingenuity. Keep the faith and the science. Last week it was pfizer. This morning, moderna. The efficacy rate, 94. 5 . It is where the rally is that gets peoples attention. It is not th...
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BLOOMBERG Bloomberg Surveillance July 11, 2024

Ofto see geoffrey yu there bny mellon in our opening. With the new slow out of washington, how to get ready for ferro, do you think the secretary of treasury will be watching mr. Powells press conference . Jonathan i hope they speak before the press conference. These two need to get on the same side. It is not good to wake up ever to see the chairman of the Federal Reserve and treasury secretary on different pages on an Emergency Program that, lets be clear, has really helped keep financial cond...
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BLOOMBERG Bloomberg Surveillance July 11, 2024

The shift we saw in washington yesterday about 4 00 p. M. We dont need to be on this all day. Every other network is going to cover it up and sideways come but this this is original actions by a president of the United States, really reminiscent of what we saw in 1876. It is a story our Washington Team will cover. This election of 2020 continues. Jonathan that tuesday night still continues in some ways. The news of the last 15 minutes is on the vexing front. Pfizer on the vaccine front. Pfizer s...
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BLOOMBERG Bloomberg Surveillance July 12, 2024

A little bit more u. K. What weve got today, Kevin Cirilli, our chief washington correspondent, makes clear when he is on after midnight, we are not going to know many of these outcomes. Jonathan we do better because it is shorter and it is cheaper. We hope wednesday morning we have a result. This market fears this could drag out for a long time. Sea, wem sea to shining are having a vote occur right now. We see a number of institutions already. How about the bank of America Stadium in the caroli...
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BLOOMBERG Bloomberg Surveillance July 12, 2024

Within the perfect Indian Summer of new york, we see a nation counting every vote. Is 2. 5 . Within the counting of votes is the new slow bouncing off of this political moment. Ive got eight ways to go in this opening, and i am going to go jon ferro where you have been, which is the renminbi just moving to new strengths moments ago. Jonathan dollar weakness has got to be the story. We talked about this through the morning. The counting continues. This race is too close to call. This market, the ...
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