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FBC Barrons Roundtable July 13, 2024

Barrons virtual round table, ben, weve been talking for weeks about how the market is rallying, seeming to ignore the horrible economic news. But this past week investors seemed to notice. Yeah. This was the week that we learned big tech cant hold the market up forever. For a while now, the datas been terrible, but the markets just kept going up on the backs of apple and amazon and microsoft, stocks like that. But this week began with rising tensions for china, and that should really hurt these stocks. When they started to fall, so did the rest of the market. And this week weve been getting some really, really bad data. If you look at the jobless claims, another 2. 6 million or so. Retail sales were awful. Those were released on friday. And Industrial Production is terrible. Just really terrible news thats coming out. And investors are really getting on edge over whether congress is going to be able to come together and del ....

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BLOOMBERG Bloomberg Daybreak Americas July 13, 2024

Money away for loan loss reserves. Alison Williams Joins me now. What were some of your takeaways. [no audio] actually, we are still working on her audio, so lets go to Annmarie Hordern first. Part of what we heard was from fatih birol of the iea talking about how bad demand would be, despite any production deal. Annmarie some seriously drastic headlines out of the iea. The other part is what they are talking about what this means for storage. It is testing the logistic capacity to the limit. On the demand side, they see april serious demand destruction, down 29 Million Barrels a day. For the year, what that means is 9. 3 Million Barrels a day, the worst we have ever seen on record in terms of demand. What the opec cuts probably did was maybe pull us back a litt ....

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BLOOMBERG Bloomberg Surveillance July 13, 2024

I am nejra to pitch. Nejra cehic. I the stoxx 600 in europe up almost 3 . Pushing to a higher open is in todays session. Nasdaq all higher by more than 2 . The question is whether this is a polish signal in equities or just a blip in a downward trend. Around the 75 handle, moving higher by seven basic basis points. You are seeing the broad dollar weakness. Bloomberg dollar index, out performers and underperformers against it, even though they are stronger, signals from the rba and of course in japan, record stimulus. Talking about a state of emergency, reflection and deflation, the yen up on some optimism on talks from opecplus and producers. Lets get to bloomberg first word news with Viviana Hurtado in new york. Hey, viviana. Viviana our biggest story is Boris Johnson being in intensive care after he was hospitalized over the weekend after his coronavirus symptoms worsen. Fo ....

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CSPAN2 Illinois Gov. Pritzker Holds Coronavirus Briefing July 13, 2024

Illinois governor gave an update on the States Coronavirus pandemic. He was joined by his sister former commerce secretary who spoke about efforts to raise money in her capacity as chair of the illinois covid19 relief fund. We will also hear from senator richard durbin. Good afternoon to everybody who is here in the room and our teleworking reporters and those joining us on television, radio or streaming service. I want to thank again the reporters and press working so hard to cover the vital stories of this pandemic. More than ever, people need clear, factual information to rely upon. I want to thank the Illinois Broadcasters Association and tv and radio stations all across the state that are joining forces today to come back hunger and shortages during this crisis. One of our hardest working Agency ....

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BLOOMBERG Bloomberg Markets European Open July 13, 2024

Go higher. The crash stride an hour away. Lets get your top headlines off the bloomberg terminal. China p. M. I. Data Beat Estimates but it is a mixed picture for asian stocks and u. S. Futures turned in the case negative. The w. H. O. Said the coronavirus outbreak in europe may be approaching its peak but across the atlantic new york city reports a 16 increase in deaths in just six hours. Plus lenders from howards bank to unicredit halts dividends at the request of the b. B. C. Well speak with the chair to have Advisory Board in just over an hour. We do see futures positive here. Certainly in germany. 3 4 of a percent. Up on the dax futures. U. S. Futures we pointed out are down right now. Of course that can change. Volatility is the name of the game these days but we see a little bit of a split in terms over the risk indicators. Anna, what do you see from your g. M. M. . An ....

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