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Happen is yes, inflation is going to come down slowly. That deep inflation tail risk has been cut off. If we were to get inflation to a level or we have to respect that again, that becomes the real risk to the market. Inflation is sticking. Announcer this is bloomberg surveillance with jonathan ferro, several modes and annmarie hordern. Jonathan the third hour begins right now. Your equity market on the s p 500 just about positive after closing at alltime highs in yesterdays session and i climactic in so many ways. It is the calm after the storm that never came. Lisa that has been the story of the entire year. Everyone is calling for a storm, he could be a bubble, cant take it, and guess what, we are now north of 5200. The price target people upgraded to just a year ago. This train keeps moving. Jonathan i welcome it. Looking ahead to retail sales tomorrow, we are light on data this morning but tomorrow, looking to claims, the estimate so far in the survey that is barely moving from th ....
Im Katie Greifeld in new york. Take a look at markets this morning. Near alltime highs, but a little over today if you take a look at the s p 500, slightly in the red, down by about 0. 2 . Of course still above 5100. Look at the nasdaq 100. Losses getting a little more serious, down about 0. 8 . That follows a big update yesterday. You can see volatility rising a little bit. The vix still below 14, but inching higher and higher. Lets get to what is happening this hour. That is the house voting on a bill that would force chinese tiktok parent bytedance to sell it or face a ban in the usa. The company is planning a full legal fight if the bill becomes law. Junkie double o streams me from washington. Jackie double os davalos joins me from washington. Jackie as you know, the house or the senate have not found Common Ground to agree on almost anything except this bill. It is a bipa ....
Welcome to Bloomberg Markets. Before we get to that we have the bank of canada. Guy a bit of a nonevent. 5 matching. Im curious to see what ted macklin has to say though. He cannot make the same mistake he made in january. He cannot say we will pause, i think they will avoid that this time around. It will be interesting to see if the ecb and the bank of england make the same decision. How they are hawkish but keep pausing at the same time. We are near the top of the cycle on Interest Rate. But the sentiment is strong. Alix yields are popping lets get to that with michael mckee. Mike it matches the Third Quarter gdp. Services come in at 54. 5. That is up from 52. 7. New orders rise 50 75 57. 5 from 55. Unemployment rises but it is too late to use that in terms of forecasting the august payrolls but it it was 54. 7. Suppl ....
Industry. An uptick in investing and how etfs fit into retirement. I am katie greifeld. Welcome to bloomberg markets. Taking a look, the s p 500 currently up. 1 . A record high and all that strength is really coming from the tech sector. Specifically from nvidia. The nasdaq is higher by about. 5 . Take a look at the semiconductor index. Stocks are higher and it is all about nvidia blowing past expectations. Really delivering and showing growth. It is only just beginning. Joining us with the details, you and i were on, talking about paper scalars and that the base is starting to expand beyond. Walk us through that a bit more. Ed all of the big spending has not only not slow down but it is growing to new areas. Nvidia makes chips that can handle a lot of data processes but the first iteration was a very small number of plays. They would sell gp use. Microsoft, google cloud running very big data centers. When does it move beyond that . In the outlook for the second quarter, 20 8 billion p ....