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July 16, 2024
First time since the lockdown in march. Michael mckee joins me now. What was your biggest take away . Michael if you are going to manage the virus better than the United States and their economies are opening up faster and stronger, which seems to be the case looking at the pmis. We got manufacturing and we got services, and all the Major Economies in europe are in an expansion. The move in italy particularly notable, above 50. Some down from preliminary expert, estimates, what they are the comp...
July 16, 2024
The data in terms of the jobs 5. 3 million in may, up from four. 99 the previous month. This is very backward looking data. I dont think the market will pay much attention to it, but slightly or positive, slightly more jobs out there then maybe the market was anticipating. Really may data, Rearview Mirror stuff. We will be discussing Global Growth as well as what the countries can do to fix the fiscal stimulus and how to help unemployment coming up and about a halfhour. The stocks are losing the...
July 16, 2024
About 800 points on the dow. Youre still looking at a loss of greater than 5 a huge story today the crude oil crush as the saudis initiate a price war. We should think about it in terms of the speed and velocity of decline the s p the is down about 17 . We hear about the news with are the russians and saudi arabia. The problem i have is you have a very healthy patient being the market now it appears to be in intensive care we dont seem to have any doctors around to treat them in intense iive car...
July 3, 2024
Major market opens. Vonnie good evening from new york. The top stories this hour u. S. Markets barely move as we await lots of catalysts including the instacart pricing. The chevron ceo said we may reach 100 a barrel in oil. Haidi a rare meeting with foreign banks and companies. Vonnie instacart set to plan ipo pricing of at least 30 a share. Lets get a quick check on wall street and see where futures are trading. Looks like we are moving higher but that is after a lackluster day. A no luster da...
July 3, 2024
Scenario. We will speak with bruce richards, Marathon Asset Management chairman and ceo. We are going to speak to the mercedesbenz ceo on the state of the auto industry. Welcome to bloomberg markets. There is a knot of news flow but equities going equity equities going absolutely nowhere. Guy you must have read those headlines with a spring in your step. Alix if we are looking at a new range, 80100, that also might be a little different, but different for who . Investors or the fed . Guy im wond...
June 29, 2024
Seventh straight session. Dropping triple digits today. For the year the dow is actually down the better part of 3 . S p 500 is still positive for 2015. But its broken a technical level, slipping below the 200day moving average. Twice in the summer it has bounced on that. Will it do that from here . The dollar hit highs not seen since april, but if im looking at the screen to the right of me correctly, it is raised those gains and now in negative territory for the session overall. Despite that, ...
June 29, 2024
China is now falling back on its major levers to stem their biggest decline since 1996. The shanghai comp positive dropped 7 overnight before policy moves took place. They came in after hours. The besthat some of minds have been saying about china. I tell people be cautious because i dont think china can come up that easily with a solution overnight. Complicated situation and Financial Markets is not the first thing on the radar screen. Thats why this market is trying to find its own level and i...
June 27, 2024
Commodities, the south american nation having success . We will speak to the incoming codirector of their central bank. Lets look at where european equities are trading right now. And a 30 minutes until the close with a lift in european shares,he stoxx 600 up to 3 10 of 1 outperforming our commodity producers and oil, and gas shares. Stoxx 600 Energy Shares heading for the highest close since january. Tracking what we have seen with oil price. Earlier, wti and brent almost 1. 5 , those gains hav...
June 23, 2024
Selloff coming out of the united states. This mixill throw into as well what has come out and the last hour from carl icahn. Interesting to see him backing trump. Inis a guy well followed terms of his views around the markets and have Central Banks and governments influence those markets. This is what he had to say in the video he released about the low rate environment. Why should they raise rates . It is almost a rhetorical question. There are so many reasons. Low rates are almost by definitio...
June 23, 2024
Profits. Signed, sealed and delivered. Shares in japan post surge higher on the first day of trade in the Worlds Largest ipo of the year. Good wednesday morning. Lets get to break news before we get into the rest of the program. We have euro zone, the september composite pmi above the boom bust line of 50 so were looking at a lead of 53. 6. When it comes to the forecast, which would be october, were looking at an improvement of 50 for the euro, still trading below 110 versus the u. S. Dollar. No...