City this morning, good morning. For our audience worldwide, this is bloomberg surveillance coming in to wednesday with the nasdaq at alltime highs. Equity futures just about positive. Your lineup looks a Little Something like this. Cpi data in america alongside u. S. Retail sales Neel Kashkari, nikki bowman with a lot to say about this inflation backdrop. If they really want to give some sort of hawkish message this market is not listening. They want to rally on the disinflationary pivot regardless of the data it gets. Fed chair powell yesterday coming out saying hes less confident in the disinflation narrative we are seeing near alltime highs in a massive rally in bonds. The consensus is overwhelming. I was going through the estimates. 68 estimates into the survey. 63 of them have put down 0. 3 percent for core cpi. Annmarie we also have retail sales which a lot of people are saying might be more important because we get three point whatever it is on cpi. The fed needs to see consist
Fighting continuing in israel today. President biden expected to speak shortly to pledge his support for israel. With the chaos in congress, what can the u. S. Actually do . What can they aprop pre yat . Nothing right now. And we are continuing to monitor the market reactions. Stocks continuing the Late Afternoon rally. Bond yields are falling. The dow was up half a percent, three quarters of a percent for the nasdaq and the s p up. A couple of individual names are in the hotels and travel and leisure broadly. Look at these increases. Hyatt up about 7 . Added to the s p mid cap it gives a boost because it goes into the index funds that managers have to buy. Truist also higher. The Company Reportedly in talks to sell the Insurance Business for 10 billion to stone point. This domscomes ahead of earning season. The human toll in the middle east continues to rise as the conflict enters its fourth day. President biden is expected to speak any moment now. So what kind of about what kind of r
All options are open. Opec and its allies say nothing is off the table when it comes to rebalancing the oil market. A. M. In dubai. Midday in hong kong. This is Bloomberg Markets middle east. Been, weekend has especially in the United States with the equity benchmarked indices hitting records. It is not so much that they are hitting records, but the pace it is being done. These are your friday closings for the s p 500. 7 for the dow jones. The nasdaq was up 4 10 of 1 . It was not all positive because General Electric tumbling after slashing the 2017 profit forecast. This goes to the story of optimism around what donald trump is doing in terms of possible tax reform and tax cut. U. S. Dollar reaching a threemonth high. Up 6 10 of 1 . In terms of other asset classes, we are carefully watching 10 year treasury yield approaching 2. 4 . The president was moving closer to selecting the next fed chief. We are getting more commentary of around john Jerome Powell and janet yellen. A couple of k
If brian were here, hed know that song i do not im Tyler Mathisen major averages in the green in this next, really, three hours left on this final trading day of the quarter and of the first half of the year the dow getting a boost from nikes rally on the backof its earnings beat out last evening check out whats moving right now. The dow industrials up a little bit. As you look at humana, Becton Dickinson all hitting new 52week highs. Its also the last trading day of the first half. Investors, so far this year, have seen some solid gains bob fisani is on the nyse floor. D dominic chu. Thanks, tyler take a look at the sectors here. The key point is were continuing to see mild resistance in technology for example, semiconductors are lagging a bit. Biotech, which is another Market Leader lagging a bit a lot of talk about this rotation going on. Look at the leaders in june. The big leaders have been tech, particularly Semiconductor Stocks utilities have done well as Interest Rates have sta
Largest topics, automation. How it is transforming the economy and the banking industry. We need to replace a lot of people who are filling the function of a computer. People should stop using their hands and eyes and use their brains. Value when much more we get computers to automate what we hope will be much more standardized business. Erik i continued that conversation. Some jobs will disappear, but more jobs will replace them. Back to you. Mark we will see you in a minute. We will look at where european equities are trading. It is all about theresa may today. The ftse down by 1. 2 . There is a reason why. Theling 2. 7 up against dollar. The biggest gain since 2008. Theresa may said that parliamentarians will get to vote on the final brexit deal. She is pulling britain out of the single market. She wants some part of the customs unity. Up u. K. Twoyear yield is today. Gold is gaining. It is all about theresa may today. There are big corporate stores. British American Tobacco shares