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Jul 30, 2024
07/24
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let's go straight to abigail doolittle who has our latest movers. abigail: lots of movers to come here. throughout the shares of jetblue up 15%. at the highs, the stock up 23%. the best day since 2020. that is the degree of piety -- of buying power -- 6%. put up a mixed quarter. missed sales estimates. organic growth the lowest, slowest i should say in six quarters. they are unable to raise prices a ton. it suggests there is an intolerance on the part of consumers for higher prices. inflation we have been wondering about for a while. merck down 10%. the worst day since november of 2021. the worst day going back to 2008. they cut their full-year guide with the company highlighting china weakness. taking a look at crowdstrike because the weakness extends. since the failed upgrade, the debacle, the stock down 42%. 12 of it coming today. this after delta hired a prominent attorney to seek possible compensation for the outage that affected them and delayed so many flights. microsoft of course, the outage having to do with microsoft windows. today microso
let's go straight to abigail doolittle who has our latest movers. abigail: lots of movers to come here. throughout the shares of jetblue up 15%. at the highs, the stock up 23%. the best day since 2020. that is the degree of piety -- of buying power -- 6%. put up a mixed quarter. missed sales estimates. organic growth the lowest, slowest i should say in six quarters. they are unable to raise prices a ton. it suggests there is an intolerance on the part of consumers for higher prices. inflation...
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Jul 24, 2024
07/24
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we go to abigail doolittle. abigail: the nasdaq 100 and s&p 500 at session lows.he s&p 500 down 1.5% so continuing last week's weakness. some of this has to do with uncertainty around alexion 2024. if we look at some of the other indexes the nasdaq 100 this index now i believe on pace for a third down week in a row down 2.3%. you can see small-cap outperforming but still down 3/10 of 1%. take a look at this nasdaq 100 fix at a 21 handle a big spread to the s&p 500 vix at 16, both of these indexes measure uncertainty so uncertainty rising for the factor such a big spread suggests there could be more volatility as a likes of apple, microsoft, tesla and google are falling on the day. making it a bit of a risk off day we do have the two year yield down 10 basis points nearly out of 439 that tells you investors are going towards bonds. we have all kinds of breakdowns on various indexes. let's take another look at the chip index because nvidia and broadcom to the bigger drags on the day. this is the 50 day moving average and today we are gapping below it. that tells you
we go to abigail doolittle. abigail: the nasdaq 100 and s&p 500 at session lows.he s&p 500 down 1.5% so continuing last week's weakness. some of this has to do with uncertainty around alexion 2024. if we look at some of the other indexes the nasdaq 100 this index now i believe on pace for a third down week in a row down 2.3%. you can see small-cap outperforming but still down 3/10 of 1%. take a look at this nasdaq 100 fix at a 21 handle a big spread to the s&p 500 vix at 16, both of...
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Jul 25, 2024
07/24
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we will get a further look at the market with abigail doolittle. abigail: the nasdaq 100 down 1.7 percent after yesterday having its worst day since 2022. the big movement from a micro level. nvidia. arond the time of the up and down slightly. at session was down almost 7%. we are seeing a rebound out .5%. what makes this interesting is the stock is well below a key support level of 118. so long as it stays below when 18 it suggests investors are awaiting the quarterly report. but at the end of august. thre's quite a bit of waiting to see whether or not they can beat and boost any -- in a big way if that ai story is there. there is a little bit of a bull bear battle beneath the surface. tesla up 3%. after following -- fallen yesterday on a somewhat mixed quarter, probably ok for the quarter about a about 3%. surface now up 14%, strong quarter, good outlook. green shoots for genai. microsoft to the downside. one reason stocks are flying higher. still a bit of a drag. broadcom encouragingly joining nvidia trading to the upside. from a macro level, so
we will get a further look at the market with abigail doolittle. abigail: the nasdaq 100 down 1.7 percent after yesterday having its worst day since 2022. the big movement from a micro level. nvidia. arond the time of the up and down slightly. at session was down almost 7%. we are seeing a rebound out .5%. what makes this interesting is the stock is well below a key support level of 118. so long as it stays below when 18 it suggests investors are awaiting the quarterly report. but at the end of...
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Jul 22, 2024
07/24
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we will do that with abigail doolittle. abigail: in contrast to the last week, we had the big tech trade working out. this could be some reflection of this reset 2024 presidential election because of course last week one reason big tech was falling was the idea that if donald trump was elected, their administration could potentially be negative protect. we don't know those policies at all, but piper center saying they might put up another big bank beat. tesla, microsoft, apple, lots of green on the screen. we have shares of reddit trading higher as they have struck a deal to team up with the nfl and nba to boost revenue. up about 3% right now. up more than 90% since its march ipo. finally, it is not all great. we have the indexes off of their highs. the s&p 500 up half of a percent. it had been up 1%. they missed estimates as fewer people upgraded their wireless equipment, and priced to perfection, the stock into today still up about 40%. into today, up 40% on the october lows. surprised to perfection, they did not deliver
we will do that with abigail doolittle. abigail: in contrast to the last week, we had the big tech trade working out. this could be some reflection of this reset 2024 presidential election because of course last week one reason big tech was falling was the idea that if donald trump was elected, their administration could potentially be negative protect. we don't know those policies at all, but piper center saying they might put up another big bank beat. tesla, microsoft, apple, lots of green on...
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Jul 26, 2024
07/24
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we have our own bloomberg's abigail doolittle.lled -- you have coined the term "prop tech." with does airbnb look like now? clelia: i think it was pretty nice and around the time that airbnb was being founded. there were companies like zillow, truly are, but the broader disruption of the real estate industry driving the most gdp across every economy in the world was really and it's very early days at that time. -- in its very early days at that time. this spring we had the co-ceo of picasso who i know that you know and there are other co-ceo's, the founder of zillow, he said that home sharing, the cochairing of homes is the american dream. do you agree? i love how you are nodding your head. it is hard to know if we agree with that also. do you think picasso could potentially be the next airbnb or zillow? scarlet: i think picasso -- clelia: i think picasso is allowing people in particular to share second homes. i do think we have an affordability crisis across this country and that different innovations that allow people to access
we have our own bloomberg's abigail doolittle.lled -- you have coined the term "prop tech." with does airbnb look like now? clelia: i think it was pretty nice and around the time that airbnb was being founded. there were companies like zillow, truly are, but the broader disruption of the real estate industry driving the most gdp across every economy in the world was really and it's very early days at that time. -- in its very early days at that time. this spring we had the co-ceo of...
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Jul 22, 2024
07/24
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kailey: abigail doolittle, thank you so much. this is something else we were discussing in our special coverage last night, thinking of the timeline. we are exactly four weeks out from the democratic convention in chicago beginning august 19, which is just weeks away from the fed's meeting in september in which the prevailing wisdom in the markets as they're getting ready to cut rates. something i kept asking, this has injected a whole other element of political uncertainty that was not there before for the federal reserve. if the race is updated in this way, does it change the calculation as to whether or not they want to cut rates before the election knowing everything could be even more highly politicized? most of the experts we spoke with yesterday said they don't think so but it is something to consider. joe: you will hear cries of politics being at play, especially if it is a member of this administration. a little bit different when he think of an outsider coming into the race. a lot of republicans see kamala harris as jus
kailey: abigail doolittle, thank you so much. this is something else we were discussing in our special coverage last night, thinking of the timeline. we are exactly four weeks out from the democratic convention in chicago beginning august 19, which is just weeks away from the fed's meeting in september in which the prevailing wisdom in the markets as they're getting ready to cut rates. something i kept asking, this has injected a whole other element of political uncertainty that was not there...
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Jul 24, 2024
07/24
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abigail: thanks for joining us. katie: our think the abigail doolittle and sonny kelce.mberg markets. this is bloomberg. ♪ the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the cell tower! i've tried everywhere else in the house! there's always a new excuse. well if we got xfinity you wouldn't have to mess around with the connection. therapy's tough, huh? -mmm. it's like a lot about me. [laughs] a home router should never be a home wrecker. oo this is a good book title. >> from the world of politics to the world of business, this is balance of power. live from washington, d.c. kailey: welcome to balance of power on bloomberg tv and radio. joe mathieu is off today. it is a busy day from here in washington, d.c. just about one hour from now, it is really prime minister be
abigail: thanks for joining us. katie: our think the abigail doolittle and sonny kelce.mberg markets. this is bloomberg. ♪ the moment i met him i knew he was my soulmate. "soulmates." soulmate! [giggles] why do you need me? [laughs sarcastically] but then we switched to t-mobile 5g home internet. and now his attention is spent elsewhere. but i'm thinking of her the whole time. that's so much worse. why is that thing in bed with you? this is where it gets the best signal from the...
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Jul 11, 2024
07/24
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abigail doolittle is here with samantha rudin earls. me start with abigail who has an overview for us on where the real estate market stands right now. abigail: one of the big stories is the pain that commercial real estate is in but not all sectors within commercial real estate. higher vacancies. this is weighing on some of the publicly traded office reits. big declines over the last five years as though publicly traded companies, investors have had to be pretty disciplined in taking losses. that is not true with other office buildings out there. we are all waiting for a move down for office properties but not a lot of activity in terms of trading. take a look at the delinquency we are seeing. a big piece of this is the wave of cmbs, 1.5 trillion by the end of next year. we had delinquencies on cmbs going up to 10% in 2011, 2012, and that we are creeping back up to 6%. it is not all painful. other sectors are good but the office part of it is bad enough that this week, jay powell addressed concerns around commercial real estate. >> thi
abigail doolittle is here with samantha rudin earls. me start with abigail who has an overview for us on where the real estate market stands right now. abigail: one of the big stories is the pain that commercial real estate is in but not all sectors within commercial real estate. higher vacancies. this is weighing on some of the publicly traded office reits. big declines over the last five years as though publicly traded companies, investors have had to be pretty disciplined in taking losses....
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Jul 1, 2024
07/24
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katie: abigail doolittle, thank you so much.movement under the surface, even though it seems the indexes are boring right now, that has been the story of the past several months as well. the ceo joins bloomberg at 11:30. that does it for "bloomberg markets." i am katie greifeld and this is bloomberg. ♪ creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. want to save on some of the biggest names in streaming on yo the network made for streaming? x marks the spot. now you can add the new xfinity streamsaver™ that includes netflix, peacock, and apple tv+. that's xfinity streamsaver™ for just $15 a month. all your favorites. all in one place. only from xfinity. for more watching and
katie: abigail doolittle, thank you so much.movement under the surface, even though it seems the indexes are boring right now, that has been the story of the past several months as well. the ceo joins bloomberg at 11:30. that does it for "bloomberg markets." i am katie greifeld and this is bloomberg. ♪ creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy...
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Jul 23, 2024
07/24
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doolittle. abigail: you were talking about ge, up 5.63%. they put up the big earnings and also on aerospace strength. the downside, ups down 12%, the worst day since 2008. they missed by 10% on the top and bottom and seeing an unfortunate mix of weaker demand and rising costs. let's look at what is working. coca-cola of 1%, boosted on higher prices. philip morris up 2.7% were also beating and on smoke-free products. big earnings after the bell, tesla and alphabet reporting after the bell. tesla down 1% but this is ridiculous. the stock is now almost a double from the april lows. the pressure is on. will they deliver? alphabet up .6%. matt: i was looking at all of the carmakers from september 2022 and i put a chart together porsche, which is why i chose september of 2022 when they ipo versus mercedes, bmw, ford, general motors. porsche has underperformed everyone but at least it has made gains. if you look at tesla since september 2022. by the way, i swear i made the chart. katie: we can see it.
doolittle. abigail: you were talking about ge, up 5.63%. they put up the big earnings and also on aerospace strength. the downside, ups down 12%, the worst day since 2008. they missed by 10% on the top and bottom and seeing an unfortunate mix of weaker demand and rising costs. let's look at what is working. coca-cola of 1%, boosted on higher prices. philip morris up 2.7% were also beating and on smoke-free products. big earnings after the bell, tesla and alphabet reporting after the bell. tesla...
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Jul 25, 2024
07/24
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abigail doolittle, you are watching stocks. what is moving? abigail: let's look at new york community bancorp back in the news for all it had been in the news, once again plunging, down 11%, the worst day since early march amid selling pressure having to do with loan loss provisions well above the estimate for the quarter that was coming in at 390 million versus the estimate of 193 million. one of their subsidiaries, flagstar, selling the mortgaging billion -- the mortgaging company for $1.4 billion. abbvie up 4%. edwards lifesciences, the worst day going back to 2000 after the heart valve maker did miss its sales estimate. investors sending the stock lower. for the overall index, you were talking about how it has been a day, right now we are down because the big tech complex dragging. nvidia at 107. alphabet at 170. too far into fast is what is weighing on the big tech names. matt: thanks very much. a down day for ford. looking at has dropped a long way. stellantis is still up over the last five years, 35%, ford at 20%. big moves to the downs
abigail doolittle, you are watching stocks. what is moving? abigail: let's look at new york community bancorp back in the news for all it had been in the news, once again plunging, down 11%, the worst day since early march amid selling pressure having to do with loan loss provisions well above the estimate for the quarter that was coming in at 390 million versus the estimate of 193 million. one of their subsidiaries, flagstar, selling the mortgaging billion -- the mortgaging company for $1.4...