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Apr 24, 2024
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jonathan:what is annmarie: annmarie: the new vision now? it's more sleek. his first runway show was a great overcoat and it wasn't extravagant. it was more sleek, think vintage gucci in the consumer base is different. they need to shore up new clients. jonathan: sales of gucci down 18% in the first quarter, held back by china. less on gucci in the next hour in the senate passing the foreign aid bill. >> after more than six months of hard work, many twists and turns in the road, america sends a message to the entire world -- we will not turn our back on you. jonathan: that conversation is around the corner. live from new york city this morning, good morning. ♪ 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. every second counts. 120 seconds to add the finishing touches. 900 seconds to arrange the displays. if you're short on time for marketing constant contact's powerful tools can hel
jonathan:what is annmarie: annmarie: the new vision now? it's more sleek. his first runway show was a great overcoat and it wasn't extravagant. it was more sleek, think vintage gucci in the consumer base is different. they need to shore up new clients. jonathan: sales of gucci down 18% in the first quarter, held back by china. less on gucci in the next hour in the senate passing the foreign aid bill. >> after more than six months of hard work, many twists and turns in the road, america...
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Apr 18, 2024
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annmarie: absolutely. how many people are letting up outside the treasury's door for meetings because of issues they have? whether that is asian countries dealing with the stronger dollar or the beginning of their own currency. also in europe, there is still tension. the u.s. was to see harsher sanctions on iran. it is a difficult position. they have to give a little to get a little when it comes like -- places like russia and iran. jonathan: u.s. is spending time complaining about policy in china but the rest of the world seems to be complaining about policy in the u.s. this week we hear those complaints on repeat. lisa: especially given the u.s. continues to grow and people say that is because you borrowed so much to fuel your fiscal spending. how much is there some sort of coalition of lead minded peers at a time when there is so much disagreement? the iran issue is tied to china. iran has been accelerating its output of world. who is insulting to? annmarie: china, 80%. this is what is the first trainin
annmarie: absolutely. how many people are letting up outside the treasury's door for meetings because of issues they have? whether that is asian countries dealing with the stronger dollar or the beginning of their own currency. also in europe, there is still tension. the u.s. was to see harsher sanctions on iran. it is a difficult position. they have to give a little to get a little when it comes like -- places like russia and iran. jonathan: u.s. is spending time complaining about policy in...
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Apr 22, 2024
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annmarie: it sent a strong message. saying this was not a big deal because they do not want to retaliate. that is why this chapter is over and there is calm. when you think about geopolitical risk for the future , if we get that we surgeons. jonathan: 86 point 83 on brent crude. max seven earnings kicking off this week. we will also hear from meta and alphabet. nvidia is always at the tail end. what a brutal start for tessa. lisa: they have not been able to perform as well as they want. the price cuts that we heard reported over the weekend which actually with a fourth or fifth consecutive price cut. how do they cut profit margins when they are looking more like a car company? jonathan: else, the house of representatives passing a package for israel. this and expected to take up measure. talk about losing count. how many villas have been put through in the senate? annmarie: there were at least four bills, but it is coming through as a foreign aid package. if you look at the vote count on whether it is israel, taiwan or
annmarie: it sent a strong message. saying this was not a big deal because they do not want to retaliate. that is why this chapter is over and there is calm. when you think about geopolitical risk for the future , if we get that we surgeons. jonathan: 86 point 83 on brent crude. max seven earnings kicking off this week. we will also hear from meta and alphabet. nvidia is always at the tail end. what a brutal start for tessa. lisa: they have not been able to perform as well as they want. the...
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Apr 1, 2024
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jonathan: annmarie is the frontline right now. annmarie: it is not just ev she was talking about. she was talking about solar panels. most economies the west think that they are dumping it. they say it is the last which they say is very rich. they say it is the u.s. that is the problem. jonathan: they are dripping with irony. a little bit later in the program, we can get that picture and compare it to the model three tesla. they look like the same vehicle. if i had told you that was a tesla, would you believe me? annmarie: yes, especially when you do not see any bathing. maybe the color. i do not think tesla does that color. jonathan: let's give an update on stories elsewhere. >> the bank of japan's love -- supply of bonds is set to shrink. they are estimated to fall below the amounts of maturing debt for the july to september period. they are speculated to start slowing this month. 50% of all outstanding debt. it will not likely mid -- this interbank is keeping plans in place to offer cheap loans, encouraging banks to purchase debt. a breach of data at at&t is affecting current a
jonathan: annmarie is the frontline right now. annmarie: it is not just ev she was talking about. she was talking about solar panels. most economies the west think that they are dumping it. they say it is the last which they say is very rich. they say it is the u.s. that is the problem. jonathan: they are dripping with irony. a little bit later in the program, we can get that picture and compare it to the model three tesla. they look like the same vehicle. if i had told you that was a tesla,...
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Apr 17, 2024
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annmarie: pittsburgh. jonathan: what's he talking about? annmarie: tariffs on steel. he's talking to steelworkers. you have to think that when you see a policy like this, given how much of this kind of steel is in the marketplace, it's 1% of demand in the united states. a little over $1 billion last year. they probably look at what the resident is doing gearing up for the election. trump and biden both won the state in the elections that they one, and you have to think that they worked backwards. lisa: what do you read into this from the market perspective? if it's inflation, you are not going to see tariffs like this going through in a meaningful way. if it really is this idea of economic competition between the u.s. and china, you can expect stickier inflation and this is what the market has been trying to reconcile. annmarie: it's neither of them, it's purely politics. jonathan: purely politics with economic consequences. we are going down to washington, d.c. in a few hours for the world -- world bank spring meeting. this is a bigger issue. they are down there talk
annmarie: pittsburgh. jonathan: what's he talking about? annmarie: tariffs on steel. he's talking to steelworkers. you have to think that when you see a policy like this, given how much of this kind of steel is in the marketplace, it's 1% of demand in the united states. a little over $1 billion last year. they probably look at what the resident is doing gearing up for the election. trump and biden both won the state in the elections that they one, and you have to think that they worked...
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Apr 15, 2024
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annmarie: i was a slight cynic. and -- jonathan: we are focused on the numbers. 4.32 against an estimate of 3.64. that is a tidy upside surprise. we will get into that be in a moment. we will catch up with sonali basak. ♪ to me, harlem is home. but home is also your body. i asked myself, why doesn't pilates exist in harlem? so i started my own studio. getting a brick and mortar in new york is not easy. chase ink has supported us from studio one to studio three. when you start small, you need some big help. and chase ink was that for me. earn up to 5% cash back on business essentials with the chase ink business cash card from chase for business. make more of what's yours. i don't want you to move. from chase for business. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie
annmarie: i was a slight cynic. and -- jonathan: we are focused on the numbers. 4.32 against an estimate of 3.64. that is a tidy upside surprise. we will get into that be in a moment. we will catch up with sonali basak. ♪ to me, harlem is home. but home is also your body. i asked myself, why doesn't pilates exist in harlem? so i started my own studio. getting a brick and mortar in new york is not easy. chase ink has supported us from studio one to studio three. when you start small, you need...
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Apr 9, 2024
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annmarie: we have seen the u.s. talk about this, but this was more of a direct message from the treasury secretary what this could mean. but we heard from mohamed el-erian in the last hour talking about the fact that sanctions don't really work. what they do is create other markets. and potentially what we could see if there were to be harder sanctions on china in terms of these dual use cases for certain goods going to russia, russia will just find them somewhere else. jonathan: u.s. policy and the weaponization of policy, mohamed 's thoughts on this and precious metals was interesting. when you go to the record high on gold and we started to ask what is behind it, he started talking about u.s. policy and diversifying away from the u.s. dollar denominated assets, and we said, why? is that about sanctions policy or about treasury supply? he thinks it is about sanctions policy. this is the d dollarization theme. lisa: or diversifying away from it more. that is why you saw the buying of gold tick up, led by china. tha
annmarie: we have seen the u.s. talk about this, but this was more of a direct message from the treasury secretary what this could mean. but we heard from mohamed el-erian in the last hour talking about the fact that sanctions don't really work. what they do is create other markets. and potentially what we could see if there were to be harder sanctions on china in terms of these dual use cases for certain goods going to russia, russia will just find them somewhere else. jonathan: u.s. policy...
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Apr 12, 2024
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annmarie: also dependent what the bank is. big banks can deal with a higher interest rates, small banks not so much. jamie dimon is saying that what is most important to the future of the free world is what is going on with geopolitics. that could be potentially more bad economic outcomes. lisa: the reason why he was talking about pessimism despite the optimistic sense for his business. coming up, we will be speaking to neil dutta on why july could be the earliest rate cut, basically saying, calm down, everyone, they will still cut rates. you are watching bloomberg surveillance. ♪ the all new godaddy airo helps you get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo her uncle's unhappy. i'm sensing an andunderlying issue.ss. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” g
annmarie: also dependent what the bank is. big banks can deal with a higher interest rates, small banks not so much. jamie dimon is saying that what is most important to the future of the free world is what is going on with geopolitics. that could be potentially more bad economic outcomes. lisa: the reason why he was talking about pessimism despite the optimistic sense for his business. coming up, we will be speaking to neil dutta on why july could be the earliest rate cut, basically saying,...
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Apr 4, 2024
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annmarie: no. jon: every economist that comes out is pouring freezing cold water over every data point that doesn't align with the federal reserve's thinking. lisa: as far as his predictive power and what it won't take for them to be bumps in the road -- they aren't going to be bumps in the road. you asked a great question about the idea of commodities. how is that going to play into it if is not coming from just supply shocks but so much demand and the coming globally. jon: wait three months, then wait another three months. lisa: which is why the payrolls numbers interesting to me. we waited three months and the number has gone up from where we expected. now we are looking at wages. now we are looking at the potential for a new source of labor coming into the market. the goalposts are shifting. it's going to be interesting to me. how much do the goalposts shift if we get another hot number? jon: jobless claims 8:30 eastern time. the second hour bloomberg surveillance the lineup looks like this. if
annmarie: no. jon: every economist that comes out is pouring freezing cold water over every data point that doesn't align with the federal reserve's thinking. lisa: as far as his predictive power and what it won't take for them to be bumps in the road -- they aren't going to be bumps in the road. you asked a great question about the idea of commodities. how is that going to play into it if is not coming from just supply shocks but so much demand and the coming globally. jon: wait three months,...
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Apr 30, 2024
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annmarie: china, europe, the u.s. are where sales are when it comes to ev's so china and europe need to start buying more for the car companies be doing better and you can see that across the board in the oil sector. jonathan: an attempt to open more factories and get the brand -- are people going to buy the brand in places like america? byd, is that going to take off? even if they are really cheap, is that going to take off? lisa: not in the u.s., but may be france, serbia, and hungry and that is why xi jinping is over there. annmarie: in italy they are potentially looking up opening a plant but they ditched belt and road. the iphones, the luxury appeal of brand, similar with byd. it is not the same in western minds as a tesla. jonathan: may 5, the chinese leader heading to europe. secretary of state antony blinken continuing his trip in the middle east making stops in jordan and israel urging leaders of hamas to accept the deal to release israeli hostages and delay an invasion of rafah. this is his seventh trip to t
annmarie: china, europe, the u.s. are where sales are when it comes to ev's so china and europe need to start buying more for the car companies be doing better and you can see that across the board in the oil sector. jonathan: an attempt to open more factories and get the brand -- are people going to buy the brand in places like america? byd, is that going to take off? even if they are really cheap, is that going to take off? lisa: not in the u.s., but may be france, serbia, and hungry and that...
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Apr 19, 2024
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annmarie: zero. if they wanted to, they would've gone after russian oil and gas, which is the money that is fueling putin's ability to continue to fund this war. if they wanted to go after iranian barrels they can. more than 80% of iranian oil goes to china. the sections are there on paper. they are not enforced. jonathan: we are expected to hear from secretary blinken later this hour. any headlines worthy of talking about we will bring to you. let's check in on the market. -.4%. yields lower on the session. over last few weeks a lot higher. down five basis points. 4.5776. the fed is still looking to cut later this year. this conversation has changed and a massive weight in the last few weeks. lisa: john williams was the one who seemed to exemplify that the most, given he is so devilish and entertain the idea of hiking -- he is so dovish and entertain the idea of hiking rates. neel kashkari talking that there is a real possibility they are not going to cut rates. it will be 2025 when they cut rates t
annmarie: zero. if they wanted to, they would've gone after russian oil and gas, which is the money that is fueling putin's ability to continue to fund this war. if they wanted to go after iranian barrels they can. more than 80% of iranian oil goes to china. the sections are there on paper. they are not enforced. jonathan: we are expected to hear from secretary blinken later this hour. any headlines worthy of talking about we will bring to you. let's check in on the market. -.4%. yields lower...
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Apr 11, 2024
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annmarie: -- gov. moore: it's a financial weight now and it's the reason we are moving as fast as humanly possible. the reason it when he 47 operations and that cadence, that speed is not going to stop. i'm committed to making sure we are, -- moving with speed on this. there are tens of thousands of port workers the right now are being impacted by this. there are entire communities that have watch their way of life completely up ended. there are industries the country relies on that are now at either a stop or a stall because of what's happened with this tragedy. so how imperative it is we move fast with this sits with me every day. and i know we are going to an on-demand 20 47 operations until we accomplish those goals, ring closure to these families, reopen these channels, make sure we are taking care of our people impacted by this and getting the bridge rebuilt. jonathan: how much money do you need? gov. moore: we don't have an official price tag on that right now, we know this is going to be a long
annmarie: -- gov. moore: it's a financial weight now and it's the reason we are moving as fast as humanly possible. the reason it when he 47 operations and that cadence, that speed is not going to stop. i'm committed to making sure we are, -- moving with speed on this. there are tens of thousands of port workers the right now are being impacted by this. there are entire communities that have watch their way of life completely up ended. there are industries the country relies on that are now at...
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Apr 11, 2024
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annmarie: there is one u.s. company that the eu has yet to go after and many are waiting that potentially could be the next one and that's nvidia. do you plan to open a formal probe into this company? >> even if we did, i would not share that with you. those are the things we keep close. annmarie: are you concerned about their market dominance? >> i would not comment on that. annmarie: all right, i guess that means this is one of those wait to be seen. >> exactly. annmarie: i'm taking that as a potential yes but we will leave it there. we would like to get your thoughts on what is going on with china. this week, you also opened up a probe into the china wind market. we have seen for years china dumped solar technology onto the european market. what have you learned when it came to solar that now you're looking into when it comes to wind? >> we recognize what we see as a chinese playbook, inviting european companies to joint ventures, transferring technology with heavy chinese subsidies in the chinese market to b
annmarie: there is one u.s. company that the eu has yet to go after and many are waiting that potentially could be the next one and that's nvidia. do you plan to open a formal probe into this company? >> even if we did, i would not share that with you. those are the things we keep close. annmarie: are you concerned about their market dominance? >> i would not comment on that. annmarie: all right, i guess that means this is one of those wait to be seen. >> exactly. annmarie:...
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Apr 25, 2024
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annmarie: exactly. he's talking about microsoft and apple when it comes to spending they don't like reality labs and the subsidizing these sunglasses. how do you monetizing it -- monetize it in the future? it helps to improve the core business of these companies and if they came out and talked about the capex spending, very little goes to reality labs more to ai. jonathan: southwest, look at this headline, limited hiring with voluntary time off programs as well. they are in very different places in this country at the moment. lisa: especially if it is a domestic lower costs. wider than people had expected after the 31% loss. the revenue for passengers was lower than expected. again, the two speed airline industry of people traveling overseas, and first class, able to pay a lot more with people going on vacations with their families feeling pinched? jonathan: let's talk about that initial data. expected to confirm a booming economy with a median estimate seeing a rise of 2.5%. personal consumption jobles
annmarie: exactly. he's talking about microsoft and apple when it comes to spending they don't like reality labs and the subsidizing these sunglasses. how do you monetizing it -- monetize it in the future? it helps to improve the core business of these companies and if they came out and talked about the capex spending, very little goes to reality labs more to ai. jonathan: southwest, look at this headline, limited hiring with voluntary time off programs as well. they are in very different...
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Apr 8, 2024
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annmarie, what stood out for you? annmarie: $90 a barrel, especially as we have more risk for geopolitical concerns, the pressure coming on saudi arabia. she made a great point, it is not just from united states, but china, india. potentially if more pressure comes from asian countries, maybe that gets uncomfortable for the kingdom. jonathan: under surveillance, treasury secretary janet yellen framing china's excess production as a risk for the economy, saying it poses significant risk to workers and businesses in the u.s. and the rest of the world. these complaints are not new, they are really old. i wonder what the purpose of them this time around is, if not to lay the groundwork for more moves on tariffs later this year. lisa: that is what a lot of people are expecting. the data behind it is fascinating. cfr came out with this chart showing how exports from china of electric vehicles and lithium related batteries have skyrocketed, grown exponentially since the beginning of the pandemic. it has moved away from compu
annmarie, what stood out for you? annmarie: $90 a barrel, especially as we have more risk for geopolitical concerns, the pressure coming on saudi arabia. she made a great point, it is not just from united states, but china, india. potentially if more pressure comes from asian countries, maybe that gets uncomfortable for the kingdom. jonathan: under surveillance, treasury secretary janet yellen framing china's excess production as a risk for the economy, saying it poses significant risk to...
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Apr 3, 2024
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annmarie: he is adding fuel to that fire and tension. he had some choice words for bob iger but also said he should be fired. he's saying if you act on that, maybe i am the buyer. jon: we have giving him a platform on pretty much everything. once someone becomes hyper successful in one field, their opinion seems to matter in pretty much everything. lisa: he also has gone into pretty much everything considering he bought twitter and is in space exploration and cars and renewable energy. annmarie: and going to palm beach and exerting himself in the immigration debate. he puts himself there, which is why journalists almost have to ask. jon: he's free to say whatever he wants. this just interesting that journalists go after everything he says about everything. why is it relevant what he thinks about who should be running the world disney company now? annmarie: because it cells and people click on it. that's part of it. he has deep pockets but that's what it comes down to. jon: tensions between the u.s. and israel rising after president biden
annmarie: he is adding fuel to that fire and tension. he had some choice words for bob iger but also said he should be fired. he's saying if you act on that, maybe i am the buyer. jon: we have giving him a platform on pretty much everything. once someone becomes hyper successful in one field, their opinion seems to matter in pretty much everything. lisa: he also has gone into pretty much everything considering he bought twitter and is in space exploration and cars and renewable energy....
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Apr 5, 2024
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annmarie: you mentioned china. how is he grappling with the reality of dealing with china as opposed to the plans that he had? john: in theory, he is very against china because he hates socialism and he hates -- again, he called them assassins. the basic fact is, he has an $18 billion swap line with china and reserves. that exercises some degree of caution. there is a route at the moment to do with the space station -- row at the moment to do with the space station with the chinese are building a patagonia, which i didn't get to visit. the u.s. is saying that this is a military purpose. that was sort of an opportunity for milei to say we are going to shut it down for you. it's obvious at the moment he is unlikely to do that. he is having to deal with it. it is not a big take about this today. you have this man who has come in really advocating exactly the opposite of everything that china is, but he has to make compromises. one part of it is that the chinese are no longer investing quite so much in latin america as
annmarie: you mentioned china. how is he grappling with the reality of dealing with china as opposed to the plans that he had? john: in theory, he is very against china because he hates socialism and he hates -- again, he called them assassins. the basic fact is, he has an $18 billion swap line with china and reserves. that exercises some degree of caution. there is a route at the moment to do with the space station -- row at the moment to do with the space station with the chinese are building...
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Apr 23, 2024
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annmarie: what about 2025? how are you thinking about 2025 given that we might have very different policies coming out of washington? matthew: go doubt. it is a challenge to think the fed could cut rates in december. i think that could be highly conditional on the election outcome we get. if you have an election outcome that has meaningful fiscal stimulus and policies whether through trader immigration, the reality that the fed cuts rates in december is reduced. the fed certainly will have to factor economic policies that will impact inflation and growth. jonathan: trapped up with a counterpoint. andrew hollenhorst and citigroup who is still looking for midyear. you push that back out to december. can you walk me through how low the bar might be to rate cut midyear? i'm trying to work out how the market will respond. let's say we get a soft inflation print. to the conversations of last month disappear? how does that work? matthew: to get a cut by june seems unlikely absent a weakening in the growth environment.
annmarie: what about 2025? how are you thinking about 2025 given that we might have very different policies coming out of washington? matthew: go doubt. it is a challenge to think the fed could cut rates in december. i think that could be highly conditional on the election outcome we get. if you have an election outcome that has meaningful fiscal stimulus and policies whether through trader immigration, the reality that the fed cuts rates in december is reduced. the fed certainly will have to...
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Apr 16, 2024
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annmarie: you think so? jonathan: if he talked about being hopeful and not confident, that would imply a thing has changed because a month or so ago, this equity market believed the fed chair shifted into a new policy stance. if he gets strength, he does not need to respond to it. supported equities even with the repressing of the federal reserve you start to be the federal reserve back away from that, i think the floor put under the equity market the last few months starts to be taken away. lisa: and not a people think the policy error so far was the fed put baked into the market in december. a lot of people said that his financial conditions enough to keep inflation harder for a bit longer. at what point is that tightening and financial conditions what is required to get inflation back down? do we even want to get it back down? that was something mohamed el-erian talked about. maybe let it run harder for longer because that is the reality of it. there are big questions and the fed does not want to weigh in
annmarie: you think so? jonathan: if he talked about being hopeful and not confident, that would imply a thing has changed because a month or so ago, this equity market believed the fed chair shifted into a new policy stance. if he gets strength, he does not need to respond to it. supported equities even with the repressing of the federal reserve you start to be the federal reserve back away from that, i think the floor put under the equity market the last few months starts to be taken away....
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Apr 29, 2024
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annmarie: no comment for now. people are saying was it the fact that there is a public holiday in japan, low liquidity? but i love the fact that they come out and the top currency official says no comment for now. will begin a comment? do they intervene? jonathan: if you want to make a statement, it is a great time to do it. low liquidity, national holiday, it makes a whole lot of sense. will a dog chasing airborne frisbee? it appears to be trying to push the dollar-yen in the absence of official intervention and is still unclear whether we've had so-called intervention. really putting forward the statement of the morning, we actually need to see to put a durable floor or a durable ceiling on top of dollar-yen. more aggressive policy action from both the ministry of finance, concerted and repeated intervention and the boj signaling a willingness to normalize policy further are necessary to stabilize the currency and cleaver signs a stronger across the water economy as well as signed the treasury yields have peaked
annmarie: no comment for now. people are saying was it the fact that there is a public holiday in japan, low liquidity? but i love the fact that they come out and the top currency official says no comment for now. will begin a comment? do they intervene? jonathan: if you want to make a statement, it is a great time to do it. low liquidity, national holiday, it makes a whole lot of sense. will a dog chasing airborne frisbee? it appears to be trying to push the dollar-yen in the absence of...
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Apr 1, 2024
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annmarie: i will ask you the question i asked lori calvasina. we had so many rotational fall starts. what makes you have the conviction this could be at? peter: in the fall we had a 22% rise in the russell 2000 versus 11 and the nasdaq. that is the sort of thing i'm looking at. people are getting tired about the same story. i have committed to ai, where will i put my money? you start putting money elsewhere. you see energy do well, mining is doing well. we have bank earnings next week. regionals do well. that is what drives it. annmarie: jay pelosky was talking about energy. he also like soft commodities. are you seeing the entire commodity landscape push higher? peter: i am hard commodities. energy has been the big focus. we are understanding that if we want sustainable energy we have to build up sustainable energy more rapidly and that will require commodities. we also understand we need traditional energy for the next 20 to 30 years. that will be billed out. that is why think hard commodity and energy is better. i'm not sure about the acts st
annmarie: i will ask you the question i asked lori calvasina. we had so many rotational fall starts. what makes you have the conviction this could be at? peter: in the fall we had a 22% rise in the russell 2000 versus 11 and the nasdaq. that is the sort of thing i'm looking at. people are getting tired about the same story. i have committed to ai, where will i put my money? you start putting money elsewhere. you see energy do well, mining is doing well. we have bank earnings next week....
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Apr 4, 2024
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annmarie: how lazy having become? ed: i don't know if you saw the market reactions, saying apple had a disappointed mute of games, but irobot actually soared, and the logic put on it is if apple is doing this, there must be a market through bouts that do trivial, meaningless things around the house. jonathan: how early stages this? is this a reaction to dropping the ev and moving to something new? ed: it is not. they started thinking about it in 2019, but all of these projects are multiyear, and we are far away. your skepticism is fair, since i don't think this is something apple is going to unveil in the next calendar year. it is something they are testing the waters with. jonathan: don't rely on me to project the future. i'm trying to understand the problem they are trying to solve. what is it? ed: it is a hard solution to the same thing that chatbot offers as a companion, you can pose questions to ask. i use alexa in every room of the house, for things like requesting music, and i also add to a shopping list and ot
annmarie: how lazy having become? ed: i don't know if you saw the market reactions, saying apple had a disappointed mute of games, but irobot actually soared, and the logic put on it is if apple is doing this, there must be a market through bouts that do trivial, meaningless things around the house. jonathan: how early stages this? is this a reaction to dropping the ev and moving to something new? ed: it is not. they started thinking about it in 2019, but all of these projects are multiyear,...
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Apr 2, 2024
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annmarie: the survey is a little bit north of 200,000 on friday. if the fed is looking at the labor market, what do they need to see to say this is a slowdown? >> to me, the best indicator has always been jobless claims. we get it every single week, it is the highest frequency, ardently the most contemporaneous thing we are going to get. over the years receives disconnects between the hard and soft data and we get ourselves all wrapped around our anger. just look at with about the data is saying and what you are clearly seen from the surveys which tend to be a bit more forward-looking is that there is more resiliency in the labor market. the economy continues to power forward. it is to him about our estimate of trend growth. we are kind of getting what we want which is a sequential slowing of growth and we think that over time that will bring elation back down to level that are more comfortable for the fed. inis just not happening as quickly as everybody infer. jonathan: let's talk about when everybody was looking for coming into q2, a big rotation
annmarie: the survey is a little bit north of 200,000 on friday. if the fed is looking at the labor market, what do they need to see to say this is a slowdown? >> to me, the best indicator has always been jobless claims. we get it every single week, it is the highest frequency, ardently the most contemporaneous thing we are going to get. over the years receives disconnects between the hard and soft data and we get ourselves all wrapped around our anger. just look at with about the data is...
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Apr 2, 2024
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annmarie: given the fact they had this call yesterday. potentially we will see israeli officials in washington next week. >> american influence at this point is rather limited. the israelis frame their conflict with hamas and the conflict on multiple fronts as an existential threat. although the united states is obviously an important strategic partner of the israelis. advice given is not always advice taken. we have seen this throughout the conflict. president biden believed the bearhug of the israeli government would give the leverage to shape operations in the gaza strip. that has not happened. the conversations between washington and jerusalem yesterday are about is really military planned operations. prime minister netanyahu said those plans have been approved and ready to execute them. it is unclear whether these talks will bear fruit in shaping the way the israelis undertake this operation. lisa: you honed in on the northern border of israel. the hezbollah conflict that's been ongoing. that being the true source of an escalation th
annmarie: given the fact they had this call yesterday. potentially we will see israeli officials in washington next week. >> american influence at this point is rather limited. the israelis frame their conflict with hamas and the conflict on multiple fronts as an existential threat. although the united states is obviously an important strategic partner of the israelis. advice given is not always advice taken. we have seen this throughout the conflict. president biden believed the bearhug...
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Apr 10, 2024
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annmarie: rahm emanuel talked about this no multilateral approach. how does the united states do that when the president has come out in opposition of nippon s teel taking over u.s. steel even though japan says it's one way to fight china? enda: this is the steel elephant in the room. there's politics and economics here. the economics are, the u.s. is asking allies to do more to restrict technology into china and help it in his pushback against china. you have japan trying to buy that steel plant in the u.s. and the president giving his disapproval of it. it has not been blocked out right but his disapproval which is unusual. what signal does this send about the u.s. attitude towards foreign investment among allies? the politics are also pretty real. this is a sensitive sector, the steel sector, in a sensitive electoral state. pennsylvania. there is no doubt politics has trumped what is going on here. the question remains how much more damage does it due to the u.s. standing in the world of free-trade? chinese state media are dining out on it. there'
annmarie: rahm emanuel talked about this no multilateral approach. how does the united states do that when the president has come out in opposition of nippon s teel taking over u.s. steel even though japan says it's one way to fight china? enda: this is the steel elephant in the room. there's politics and economics here. the economics are, the u.s. is asking allies to do more to restrict technology into china and help it in his pushback against china. you have japan trying to buy that steel...
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Apr 11, 2024
04/24
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annmarie: among those three do you have a priority target? margrethe: well, we have opened these five cases because we think they are important. we might have more cases in the pipeline so we have given retaining orders for what might be evidence once we are moving forward. these five cases are all priority and we think that they are absolutely key if our suspicions are confirmed. that we get compliance, because this is what opens the market and that is the basic idea of the digital markets act for many more businesses to have a fair chance to get to customers. ♪ do you want to close out? should i? normally i'd hold. but... taking the gains is smart here, right? feel more confident with stock ratings from j.p. morgan analysts in the chase app. when you've got a decision to make... the answer is j.p. morgan wealth management. ed: ok, time for talking tech. kkr is reviewing options for a sale or ipo for bmc software which could be worth as much as $50 million including debt which is according to sources that while no final decisions will be m
annmarie: among those three do you have a priority target? margrethe: well, we have opened these five cases because we think they are important. we might have more cases in the pipeline so we have given retaining orders for what might be evidence once we are moving forward. these five cases are all priority and we think that they are absolutely key if our suspicions are confirmed. that we get compliance, because this is what opens the market and that is the basic idea of the digital markets act...
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Apr 3, 2024
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annmarie: what could the impact be? what would that materially mean? mandeep: so think of some of these manufacturing notes are like 3, 5 nanometers. that requires a lot of talented people to show up at these factories as well as in terms of the set up. we are talking about really complicated things in terms of how, as i said, there's a lot of gases that goes in the manufacturing these semiconductors. and i think clearly there will be a level of disruption but the leading notes is where the focus is because that's what these companies rely on at the end of the day. they are the primary factory for manufacturing the leading node chips. lisa: the parallel with what's going on with one manufacturing company and intel reporting losses at their foundry highlights how difficult it is, the barrier to entry to diversify some of the output of these chips. can you give us a sense of why it's been so difficult to move production to places like japan, like the u.s., to insulate from potential supply shocks? mandeep: i think intel said they will lose about $7 billi
annmarie: what could the impact be? what would that materially mean? mandeep: so think of some of these manufacturing notes are like 3, 5 nanometers. that requires a lot of talented people to show up at these factories as well as in terms of the set up. we are talking about really complicated things in terms of how, as i said, there's a lot of gases that goes in the manufacturing these semiconductors. and i think clearly there will be a level of disruption but the leading notes is where the...
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Apr 22, 2024
04/24
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annabelle: that was the white house senior claimant advisor john podesta, with bloomberg's annmarie hordern. staying on those efforts to reduce emissions, bloombergnef's latest annual assessment shows 20 to 20 -- the g20 climates have made limited progress of decarbonization improving their average score from last year by just one percentage point. let's bring in the bnef head of of aipac research for more. why is it that the scores are not improving so much? ali: one of the main challenges is policy uncertainty. even the inflation reduction act which is now being as a success, if youthat past, it created a lt of policy uncertainty through that process. so in the last couple of years, we have seen policies around decarbonization face a lot of uncertainties and, in some cases, we have seen g20 members roll back initial measures they had put in place. in parallel, we have not seen g20 members fulfill their commitments to reduce their incentives for fossil fuels. annually they still spend hundreds of millions of dollars subsidizing fossil fuels which is of course helping with emissions reducti
annabelle: that was the white house senior claimant advisor john podesta, with bloomberg's annmarie hordern. staying on those efforts to reduce emissions, bloombergnef's latest annual assessment shows 20 to 20 -- the g20 climates have made limited progress of decarbonization improving their average score from last year by just one percentage point. let's bring in the bnef head of of aipac research for more. why is it that the scores are not improving so much? ali: one of the main challenges is...
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Apr 26, 2024
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lisa abramowicz and annmarie hordern. >> it's not a morning for the bears. good morning for audience worldwide. the second hour bloomberg surveillance begins right now. let's get straight to it in the premarket outperforming. alphabet absolutely flying. it was difficult to find a miss. beat after be on the top and bottom line. the extra $70 billion buyback dividend. up in the premarket. lisa: which raises this question how do you that against the behemoth with so much cash that can do the capex, they can do the share buyback and still have a fortress balance sheet when their share move was something like $250 billion. to me it's sort of shocking. >> let's talk about what we didn't see from meda. we talked but this with dan ives earlier. with meda saying this is what we are spending and alphabet and microsoft doing the same thing with two different stock-price reactions. >> wall street has not bought the virtual reality headset story. meda has not given it up. the metaverse came to be in the way they thought they would. and just go in on what has been profita
lisa abramowicz and annmarie hordern. >> it's not a morning for the bears. good morning for audience worldwide. the second hour bloomberg surveillance begins right now. let's get straight to it in the premarket outperforming. alphabet absolutely flying. it was difficult to find a miss. beat after be on the top and bottom line. the extra $70 billion buyback dividend. up in the premarket. lisa: which raises this question how do you that against the behemoth with so much cash that can do the...