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Jan 3, 2024
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jonathan ferro, lisa abramowicz, and tom keene. and the equity markets, the world turned upside down. thank god, at 10:00 a.m., we had the jonathan ferro statistics. jonathan: ism services matters and manufacturing less so. it has been sub 50 since late 2022, and we are following that to make a trading call on the broader economy, and you would just be dead wrong. it is decent if you focus on jobless claims and this week is about the jobs report. the estimate at the moment is 170, 100 90's from citi and goldman. -- 190's from citi and goldman. this is not what we expected to start. tom: and wage inflation, do not pass go to the fed so far. they cannot move until wage inflation comes down. jonathan: they are teasing it. chairman powell furthered with the idea. later this afternoon at 2:00 p.m. eastern time. tom: in underpinning here, lisa, this is your wheelhouse, the idea that the bond market turned upside down, private equity and credit are canadian shop today, talking about certain transactions up in canada. what is the stress in
jonathan ferro, lisa abramowicz, and tom keene. and the equity markets, the world turned upside down. thank god, at 10:00 a.m., we had the jonathan ferro statistics. jonathan: ism services matters and manufacturing less so. it has been sub 50 since late 2022, and we are following that to make a trading call on the broader economy, and you would just be dead wrong. it is decent if you focus on jobless claims and this week is about the jobs report. the estimate at the moment is 170, 100 90's from...
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Jan 4, 2024
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jonathan ferro, lisa abramowicz and tom keene on radio and television.ganza. 815 -- 8:15, adp. job claims later. jon: 216,000 the estimate, lower than the previous week. this is a big gap between with the markets expect for rate cuts from the fed and what the fed is implying in their forecast. the data will take care of that gap as the year progresses. claims first, payrolls tomorrow. 171,000 is the median estimate going to payrolls tomorrow. tom: everyone struggling to find the pulse. right now, looking at bavaria, brandenburg, saxony, baaden. inflation is out by province. jon: regional inflation. there's a reason, lisa, and you know this, why people think the ecb will go before the fed. it's not just about inflation. it's about the economic backdrop. lisa: what you are seeing is greater weakness and the same disinflation you are seeing in the u.s., albeit different in terms of the components, but this confirms that, the idea that a gross 3.8% is above target, versus an estimate of 3.9%. a lot of people questioned how realistic it was for the fed to cut
jonathan ferro, lisa abramowicz and tom keene on radio and television.ganza. 815 -- 8:15, adp. job claims later. jon: 216,000 the estimate, lower than the previous week. this is a big gap between with the markets expect for rate cuts from the fed and what the fed is implying in their forecast. the data will take care of that gap as the year progresses. claims first, payrolls tomorrow. 171,000 is the median estimate going to payrolls tomorrow. tom: everyone struggling to find the pulse. right...
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Jan 8, 2024
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alongside tom keene and lisa abramowicz.kly loss on the s&p 500 going back to october. earnings for the big banks, kicking off friday. tom: for the banks it will be a view measurement of the economy. on the inflation side, i found a very mixed. the first thing i did today was to look at the screen and i would call it a jungle this week. this jonathan: we continue to project a soft landing for the labor market. will the data that we get this week speak to that? lisa: we are talking about what could go wrong after really messy data on friday. the number of takes that i read -- what that said about the economy ranged from you have to trust headline number to all of this data is messy and you cannot trust anything. they were each picking out their own quadrant to focus on. jonathan: what could go wrong? sounds -- in our view, rate cut is disappointed. that is what can go wrong. tom: it is out there. someone was over bullish or over cautionary. john, you devolve from double debit -- double-digit omg to over the moon returns and s
alongside tom keene and lisa abramowicz.kly loss on the s&p 500 going back to october. earnings for the big banks, kicking off friday. tom: for the banks it will be a view measurement of the economy. on the inflation side, i found a very mixed. the first thing i did today was to look at the screen and i would call it a jungle this week. this jonathan: we continue to project a soft landing for the labor market. will the data that we get this week speak to that? lisa: we are talking about...
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Jan 19, 2024
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lisa abramowicz on -- and the surveillance team have been in davos.ubricant for m&a this year and optimism about that happening. we got news from spirit airlines saying the jetblue merger agreement remains in effect even after the doj blocked it and how this creates a conundrum for these second-tier airlines on how they move forward when they don't have the scale or balance sheet to necessarily do that in the face of a government that does not want to reduce competition. what does a second-tier company like spirit airlines do? how are you thinking through m&a in 2024 when there's so much government pushback? yet you had the tailwind of lower rates. margie: i think looking at m&a, what you often see is the best companies are required. smaller or specialty companies are required by larger companies. typically we don't see the weaker companies being acquired. that agrees with the kind of thing you see in private equity, where they look at the spread and cash flow. they will have a better bid then companies looking for a strategic addition to their earnin
lisa abramowicz on -- and the surveillance team have been in davos.ubricant for m&a this year and optimism about that happening. we got news from spirit airlines saying the jetblue merger agreement remains in effect even after the doj blocked it and how this creates a conundrum for these second-tier airlines on how they move forward when they don't have the scale or balance sheet to necessarily do that in the face of a government that does not want to reduce competition. what does a...
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Jan 29, 2024
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announcer: this is jonathan ferro, lisa abramowicz and annmarie hordern.ing, good morning. this is surveillance alongside lisa abramowicz, together with annmarie hordern. your equity market on the s&p 500, just about positive by 0.1%. a massive week ahead with tech earnings tomorrow and thursday. the fed on wednesday. payroll on friday. lisa: there is this quote from a guy, are you kidding me with this week's event risk? and seems to be the feeling at a time when you get all three cylinders, the economy, fed policy and earnings. earnings front and center for me because to me that could be the change the whole narrative with tech continuing to be the bright spot in pumping out cash. jonathan: waiting for the chiefs game to finish, so he sent it out. i did text and. i wanted to know. he talked about the earnings, the data, and the federal reserve. he said the most important thing for him with payables on friday. for him, good news is good news and he wants to see if the economic data on friday is indeed news. lisa: especially because referred from a couple p
announcer: this is jonathan ferro, lisa abramowicz and annmarie hordern.ing, good morning. this is surveillance alongside lisa abramowicz, together with annmarie hordern. your equity market on the s&p 500, just about positive by 0.1%. a massive week ahead with tech earnings tomorrow and thursday. the fed on wednesday. payroll on friday. lisa: there is this quote from a guy, are you kidding me with this week's event risk? and seems to be the feeling at a time when you get all three...
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Jan 25, 2024
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this is bloomberg surveillance alongside lisa abramowicz prayed i'm jonathan ferro.t unchanged on the s&p 500. five days of gains on the s&p for long time highs. tesla negative after a dreadful hour. down by 8% or 9%. that's one to watch. the ecb 14 minutes away. lisa: they are going to hold. it isn't necessarily going to be what gets a lot of people's attention. christine lagarde takes the helm and then maybe walking back that the market is expecting pricing at 64% chance of april rate cut. will she talk about trump. >> talking about the magic soft landing. growth is still good. inflation is slowing down. could we say the same thing about europe. the data has been dreadful. >> they are saying look at the data because at this point the central bankers can say what they want but they are kind of caught in what davis was talking about which is essentially leaning into some sort of soft landing. the more the market moves away from them and get further away from the goal. >> the german finance minister said we are tired men. we need a good night sleep and a good cup of c
this is bloomberg surveillance alongside lisa abramowicz prayed i'm jonathan ferro.t unchanged on the s&p 500. five days of gains on the s&p for long time highs. tesla negative after a dreadful hour. down by 8% or 9%. that's one to watch. the ecb 14 minutes away. lisa: they are going to hold. it isn't necessarily going to be what gets a lot of people's attention. christine lagarde takes the helm and then maybe walking back that the market is expecting pricing at 64% chance of april rate...
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Jan 2, 2024
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. >> this is bloomberg surveillance with tom keene, jonathan ferro and lisa abramowicz. lisa: happy new year. jonathan: good morning, good morning. this is bloomberg surveillance on tv and radio. s&p 500 this morning -.1%. hitting the ground running for 2024. earnings season kicking off with earnings from jp morgan. starting the year on a nine week winning streak. tom: what's so important here is it was about a catch-up being gone. if you assume -- the super bowl in the 8:00 hour if we are going to be bullish what kind of bullish are we going to be. jonathan: let's talk about the scores of the last 12 months. the s&p 500 up 24%. the range of forecasts on wall street coming into this year you could drive a double-decker through them. 4200 on the low end. 5200 at the high end, oppenheimer prayed -- oppenheimer. abigail: -- lisa: that's really rare. we've seen 20% up, 20% down pretty consistently for the past couple of years and you'll have to go back to 2016 for a 10%. tom: i thought over the weekend over the long holiday it was way too much short-term analysis. i went ove
. >> this is bloomberg surveillance with tom keene, jonathan ferro and lisa abramowicz. lisa: happy new year. jonathan: good morning, good morning. this is bloomberg surveillance on tv and radio. s&p 500 this morning -.1%. hitting the ground running for 2024. earnings season kicking off with earnings from jp morgan. starting the year on a nine week winning streak. tom: what's so important here is it was about a catch-up being gone. if you assume -- the super bowl in the 8:00 hour if...
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Jan 16, 2024
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jonathan: good afternoon, this is "bloomberg serveillance" alongside lisa abramowicz.'m jonathan ferro. to get us through the week with annmarie hordern. bramo on iowa. lisa: everyone focusing a donald trump, no one really wants to talk about it when you are in front of a group, but this is the awkward elephant in the room when you talk in front of a panel, but it is definitely everything that everyone is analyzing and frankly, unprepared for as the villa discussed. jonathan: in many ways, davos started last week on friday with christine lagarde took french tv. that set the tone for conversations through all of this week. annmarie: trump is not just dominating in iowa, he's dominating the conversations here because europe, even though they had for years to prepare for potentially another trump 2. 0 administration, they are running on -- around almost panicked. >> talk about the substance. president lagarde is essentially saying that the former president if he becomes the next president is going to be a threat to european goals. climate, nato, etc. what has europe done
jonathan: good afternoon, this is "bloomberg serveillance" alongside lisa abramowicz.'m jonathan ferro. to get us through the week with annmarie hordern. bramo on iowa. lisa: everyone focusing a donald trump, no one really wants to talk about it when you are in front of a group, but this is the awkward elephant in the room when you talk in front of a panel, but it is definitely everything that everyone is analyzing and frankly, unprepared for as the villa discussed. jonathan: in many...
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Jan 30, 2024
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announcer: this is "bloomberg serveillance: early edition" with jonathan ferro, lisa abramowicz and annmarieordern. jonathan: in many ways, the week begins right now. good morning, good morning, this is "bloomberg serveillance." equity market pulling back just slightly. later on today, tech reports. microsoft and google after the bell. lisa: this is really the kick off of the real earnings season that account for the vast dirty of the gains that we seen so far this year in market and a lot of people are saying because this market is of disproportionately hinged to seven companies, so too will be performing the earnings of said firms. jonathan: not just on the s&p 500, but on some of these single lanes. microsoft up 57%, google up 58%. just how high the bar later on this afternoon? lisa: some are saying the bar has already been lowered particularly for google and particularly for apple. i think it depends on which company we are talking about. there is nvidia which everyone expects to come out and then some and then blowout the water, and then you have the likes of apple where people are hopi
announcer: this is "bloomberg serveillance: early edition" with jonathan ferro, lisa abramowicz and annmarieordern. jonathan: in many ways, the week begins right now. good morning, good morning, this is "bloomberg serveillance." equity market pulling back just slightly. later on today, tech reports. microsoft and google after the bell. lisa: this is really the kick off of the real earnings season that account for the vast dirty of the gains that we seen so far this year in...
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Jan 10, 2024
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. >> this is bloomberg surveillance with tom keene, jonathan ferro and lisa abramowicz. jonathan: good morning, good morning for our audience worldwide. this is bloomberg surveillance on tv and radio. your equity mark on the s&p 500's positive. let's bring up bitcoin. it's happened, the sec says the spot etf has been approved. tom: katie was a st. yesterday. i reamed her about gary gensler and how upset the chairman is over this entire bitcoin folly. and three hours later all hell breaks loose at the sec. jonathan: the breach was not due to any issues with that system adding the account did not have two factor authentication enabled at the time of the incident. pretty embarrassing stuff for the sec. a lot of people have been waiting to see the result of. tom: you see this with the number of people. and also the desperation to get out front on this. ages ago we had gas wars where it would be $.29 a gallon and there would be a gas war. that's where bitcoin is. >> in and around 46 k. we need to talk about a better mood. on this program yesterday publishing shortly thereafte
. >> this is bloomberg surveillance with tom keene, jonathan ferro and lisa abramowicz. jonathan: good morning, good morning for our audience worldwide. this is bloomberg surveillance on tv and radio. your equity mark on the s&p 500's positive. let's bring up bitcoin. it's happened, the sec says the spot etf has been approved. tom: katie was a st. yesterday. i reamed her about gary gensler and how upset the chairman is over this entire bitcoin folly. and three hours later all hell...
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Jan 24, 2024
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alongside lisa abramowicz and annmarie hordern, i am jonathan ferro.he s&p, the longest winning streak of the year so far, three consecutive all-time highs. juicing things a bit this morning. netflix, knocking it out of the park. lisa: the rally we have seen and record highs driven by big tech, the magnificent seven. we saw the biggest two week inflows related to tech funds going back to august. they are the ones delivering, supporting a lot of the earnings. how long before everything else catches up? jonathan: the best quarter for subgroups since the pandemic, beating projections in every region of the world. lisa: the tally wall street was expecting was $8.91. they are 13.1 million new customers. this is after everybody signed up during the pandemic because they were tortured with their children and what to do with them. i am just saying. annmarie: this indicates the incredible growth -- lisa: this indicates thinking about growth. by the taking over for someone else or just capitalizing on people's need for entertainment? jonathan: another big win fo
alongside lisa abramowicz and annmarie hordern, i am jonathan ferro.he s&p, the longest winning streak of the year so far, three consecutive all-time highs. juicing things a bit this morning. netflix, knocking it out of the park. lisa: the rally we have seen and record highs driven by big tech, the magnificent seven. we saw the biggest two week inflows related to tech funds going back to august. they are the ones delivering, supporting a lot of the earnings. how long before everything else...
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Jan 18, 2024
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alongside lisa abramowicz and annmarie hordern, i'm jonathan ferro.t risk of people, there is a difference between the thinkers and doers in davos. lisa: it seems like the thinkers are gloomy and the doers are optimistic. two people that run businesses have optimism and the people who think about what could go wrong or depressed. jonathan: at risk of offending people, i am sure we did. is that because they have a story to sell, a good or a product or service? to sell? for do see reason on the ground? annmarie: i believe them. it has been consistent and with specific examples. we are seeing that in consumer spending, even in beige book showed an increase in appetite of consumer spending. jonathan: is anybody reading the beige book? lisa: i read parts of it. jonathan: equities look like this, two days of losses can't replace with a day of gains. down by something like one percentage point. we bounced back by .25 percent and euros come back in by a few basis points. when you put together the comments by governor walz and be strong retail sale story we sa
alongside lisa abramowicz and annmarie hordern, i'm jonathan ferro.t risk of people, there is a difference between the thinkers and doers in davos. lisa: it seems like the thinkers are gloomy and the doers are optimistic. two people that run businesses have optimism and the people who think about what could go wrong or depressed. jonathan: at risk of offending people, i am sure we did. is that because they have a story to sell, a good or a product or service? to sell? for do see reason on the...
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Jan 31, 2024
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announcer: this is "bloomberg surveillance" with jonathan ferro, lisa abramowicz and annmarie hordern. jonathan: i am jonathan ferro. the s&p 500 negative by 0.5%. this is fed decision day. remember the middle of december when the chairman study were talking about rate cut. which one is it today? lisa: everyone has gotten carried away with rate cut's and probably just press conference will remove the bias. we will be parsing through the irregularities this and at the press conference. unlikely that they will make a move but they will probably lay the groundwork to make that move may be march, maybe in may and maybe after that. jonathan: when did talk about tech earnings. high expectations. before we start talking about disappointment, let's talk about the last 12 months. alphabet was up 60%. microsoft was up 65%. you have to bear that in mind before you look at the premarket price action and consider the numbers of yesterday. annmarie: i cannot agree more. the bar was incredibly high. we were asking yesterday is the bar high. the answer is absolutely. people want more. these earnings
announcer: this is "bloomberg surveillance" with jonathan ferro, lisa abramowicz and annmarie hordern. jonathan: i am jonathan ferro. the s&p 500 negative by 0.5%. this is fed decision day. remember the middle of december when the chairman study were talking about rate cut. which one is it today? lisa: everyone has gotten carried away with rate cut's and probably just press conference will remove the bias. we will be parsing through the irregularities this and at the press...
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Jan 5, 2024
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. >> this is "bloomberg surveillance" with tom keene jonathan ferro, and lisa abramowicz. jonathan: live from new york city, good morning to our audience worldwide. this is "bloomberg surveillance" on tv and radio. your equity market, negative by .2%. the nasdaq making it -- payrolls are around the. tom: average hourly earnings, 3.9%. i don't know how that moves but if it moves enough next he stuck it which is opening graham for 2024. jonathan: it has been a struggle coming out of the gate. the longest losing streak on the nasdaq since 2022. the big banks between 117 to 119. lisa: with the whisper figure being 188,000 on the terminal. good news is bad news and bad news is good news. is that the paradigm? that is what we keep seeing. the better the data, the worse the markets. jonathan: the jobless claims number, the downside surprise, will payrolls follow that to make it three out of three? tom: we are desperate for information. we had a strange first -- strange fourth quarter, some people taking the 1970's. we are begging for a narrative. jonathan: some people begging for
. >> this is "bloomberg surveillance" with tom keene jonathan ferro, and lisa abramowicz. jonathan: live from new york city, good morning to our audience worldwide. this is "bloomberg surveillance" on tv and radio. your equity market, negative by .2%. the nasdaq making it -- payrolls are around the. tom: average hourly earnings, 3.9%. i don't know how that moves but if it moves enough next he stuck it which is opening graham for 2024. jonathan: it has been a struggle...
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Jan 11, 2024
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. >> "bloomberg surveillance" with tom keene, lisa abramowicz, and jon ferro. jonathan: good morning, good morning. this is "bloomberg surveillance" on tv and radio. the s&p 500 just about positive. it is drum roll, api thursday. tom: and then onto banking tomorrow. i will conflate them all in a moment. how important is the next day, ppi, that no one is talking about where you have a disinflationary trend of what the public is doing and also what is mrs. are doing with ppi? jonathan: the data point that neither of us have discussed, jobless claims later this morning. -- 2.10, historically low. tom: 2.8 0%. how is that stress? it is fully employed america to a lot of people and it rolls over to a market with a big yesterday x boeing and a further bid today. -- yesterday expoing, and a further bid today. jonathan: what have you been doing? tom: i have been put on a list of bitcoin idiots. jonathan: who is running that list? tom: on behalf of senator warren of the commonwealth of massachusetts. she is on the list. jonathan: above you or below you? tom: oh, way abo
. >> "bloomberg surveillance" with tom keene, lisa abramowicz, and jon ferro. jonathan: good morning, good morning. this is "bloomberg surveillance" on tv and radio. the s&p 500 just about positive. it is drum roll, api thursday. tom: and then onto banking tomorrow. i will conflate them all in a moment. how important is the next day, ppi, that no one is talking about where you have a disinflationary trend of what the public is doing and also what is mrs. are doing...
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Jan 23, 2024
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. >> this is bloomberg surveillance with jonathan ferro, lisa abramowicz and annmarie hordern. i am jonathan ferro. the equity market on the s&p 500 totally change. it is the race for the white house and the republican battle new hampshire is down to two. it is donald trump versus nikki haley. lisa: markets are saying we will not care until october and they are trying to understand what the ramifications are. that is why people are increasingly focused on what this means for taxes and spending. whoever wins it does not matter, no government official want the government economy -- will what the economy to go down. jonathan: if trump wins new hampshire he could become a virtual lark and this thing might be done. annmarie: pretty much invincible because it will be hard for nikki haley to make up that ground. she spent a lot of time in capital. for her this is make or break. lisa: it has never happened before that a candidate has lost iowa and new hampshire and gone on to become the candidate. that is a history. jonathan: let us get to price action. equity features totally unchange
. >> this is bloomberg surveillance with jonathan ferro, lisa abramowicz and annmarie hordern. i am jonathan ferro. the equity market on the s&p 500 totally change. it is the race for the white house and the republican battle new hampshire is down to two. it is donald trump versus nikki haley. lisa: markets are saying we will not care until october and they are trying to understand what the ramifications are. that is why people are increasingly focused on what this means for taxes and...
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Jan 17, 2024
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this is bloomberg surveillance alongside lisa abramowicz i am jonathan ferro with anne-marie. the title of this forum is rebuilding trust. it should be operation pushback from central bankers worldwide. lisa: that seems to be one of the biggest themes, whether it was christine lagarde or dan pinto from jp morgan saying, stop it. we are going to cut rates that much. the tension is either you don't have the soft landing or you have the soft landing and no rate cuts. pick one. jonathan: the last one he for hours has been fascinating. you had madame lagarde pushing back. not on the idea of rate cuts this year, we should say that upfront. this is about the timing and how much they deliver in 2024. lisa: and their commitment to bringing inflation down. chris waller talked about how they won't cut as aggressively in the past because of the instructional inflationary forces. similar commentary from the ecb. what will it take for the market to believe them? where are the rate cuts going to come from? from disinflation or from weakness that we are seeing from places like china? jonathan
this is bloomberg surveillance alongside lisa abramowicz i am jonathan ferro with anne-marie. the title of this forum is rebuilding trust. it should be operation pushback from central bankers worldwide. lisa: that seems to be one of the biggest themes, whether it was christine lagarde or dan pinto from jp morgan saying, stop it. we are going to cut rates that much. the tension is either you don't have the soft landing or you have the soft landing and no rate cuts. pick one. jonathan: the last...
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Jan 31, 2024
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i will pass the baton over in half an hour's time to team surveillance with lisa abramowicz, annmariewill have full coverage starting at 1:30 p.m. from new york, a huge slate of guess they have lined up. -- of guests they have lined up. a great lineup to break down the fed statement and give you a read of what comes next. sick with us, this is bloomberg. ♪ ♪ ♪ ♪ ♪ ♪ ♪ >> from the world of politics to the world of business, this is balance of powe
i will pass the baton over in half an hour's time to team surveillance with lisa abramowicz, annmariewill have full coverage starting at 1:30 p.m. from new york, a huge slate of guess they have lined up. -- of guests they have lined up. a great lineup to break down the fed statement and give you a read of what comes next. sick with us, this is bloomberg. ♪ ♪ ♪ ♪ ♪ ♪ ♪ >> from the world of politics to the world of business, this is balance of powe
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Jan 12, 2024
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this is bloomberg surveillance with tom keene and lisa abramowicz. everyone bloomberg surveillance from new york. this is the day for big bank earnings. jp morgan at 1.72 is their book value, citigroup's last in line up .52. jane fraser has a wall to climb. jonathan: they have a new strategy. we are higher since october but the stock lower by 2%. sonali: we are looking at fourth-quarter revenue and the meson expectation. they expected to bring in 18 billion but they brought in 17.4 billion. returns on equity in the fourth quarter come in above expectation -- sorry below expectation in the fourth quarter. they were expected to be positive. this was a kitchen sink quarter. what we will see in the next hour the cost hedges for structuring. we know their cost and extraneous parts of the world. this is jane fraser's year. this is the year she has to bring the turnaround story to wall street. we have to see what that is in investment banking business. jonathan: a fourth quarter that is disappointing. jane fraser said is very disappointing. as you know, inv
this is bloomberg surveillance with tom keene and lisa abramowicz. everyone bloomberg surveillance from new york. this is the day for big bank earnings. jp morgan at 1.72 is their book value, citigroup's last in line up .52. jane fraser has a wall to climb. jonathan: they have a new strategy. we are higher since october but the stock lower by 2%. sonali: we are looking at fourth-quarter revenue and the meson expectation. they expected to bring in 18 billion but they brought in 17.4 billion....
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Jan 18, 2024
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lisa abramowicz and jonathan ferro are standing by with brian moynihan. come up here hand ahead about the layers on and then brian moynihan turned up, and i started stripping off just like to cool like brian. brian moynihan alongside us, the chairman and ceo. good to see. let's talk about this economy and consumer. you are the number one small business lender in the country. have a massive retail but is. what are you seeing versus where we were problems ago? brian: we have 66 million consumers and retract every week how they move money in and out of their accounts. over the last 12 months they have gone from a growth rate in the first part of 2023 of 10% down to a year-over-year growth rate of 4.5%, 5%. pretty consistent since the mid summer. the good news is it has slowed down because it is more consistent. was. sort of a low-inflation economy. draghi effect is starting to tame their behavior. the bad news is, as they are slowing down our prediction by our research team is go from almost a 4.5% or whatever it was growth weight -- growth rate, to a soft l
lisa abramowicz and jonathan ferro are standing by with brian moynihan. come up here hand ahead about the layers on and then brian moynihan turned up, and i started stripping off just like to cool like brian. brian moynihan alongside us, the chairman and ceo. good to see. let's talk about this economy and consumer. you are the number one small business lender in the country. have a massive retail but is. what are you seeing versus where we were problems ago? brian: we have 66 million consumers...
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Jan 26, 2024
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for our audience worldwide, this is bloomberg surveillance with the lisa abramowicz and marine her turnarie herdern. lisa: people are coalescing around a soft landing all pointing to stronger growth. the president of the united states calling for a recession. janet yellen saying the bad part of the inflation story is over. >> biden gets poor remarks when it comes to the economy but the timeline could be on their side. the michigan sentiment survey, americans are starting to feel better but can they sell this going into november? lisa: when talking to uber drivers five dollars would buy you something you could eat and now it can't in the same way. that is problematic and makes them feel negative. is there enough time before november for people to adjust to prices at higher levels than they were in 2020? jonathan: the consumer is about the cumulative inflation since 2020. you need this labor market to stay decent and wage growth to continue climbing. the problem i have with the data , so much of it is a conflict. the payroll data looks good but beneath the surface, it's just in a few indu
for our audience worldwide, this is bloomberg surveillance with the lisa abramowicz and marine her turnarie herdern. lisa: people are coalescing around a soft landing all pointing to stronger growth. the president of the united states calling for a recession. janet yellen saying the bad part of the inflation story is over. >> biden gets poor remarks when it comes to the economy but the timeline could be on their side. the michigan sentiment survey, americans are starting to feel better...
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Jan 22, 2024
01/24
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. >> this is bloomberg surveillance with jonathan ferro, lisa abramowicz and annmarie hordern.han: travis kelce and taylor swift, this show is going to kill me. for our audience worldwide, this is bloomberg surveillance. i am jonathan ferro. financial markets positive by a third of 1% on the s&p 500. the last week, things have been decent. jobless claims were lower. consumer confidence is picking up. lisa: it all sounds so good. in day of -- in davos, everyone was so optimistic. we don't think this has much further to go. jonathan: the president hopes it does. annmarie: when the university of michigan came out in the confidence report, i got a lot of messages from people in the white house saying they need those news stories, saying people are starting to feel better about the economy. lisa: but enough? that is the question. do oil prices stay low enough to keep the confidence going? how much is that survey connected to gas prices in the united states? annmarie: exxon, shell, that is huge. that needs to be the price of gasoline next september, october and november. jonathan: th
. >> this is bloomberg surveillance with jonathan ferro, lisa abramowicz and annmarie hordern.han: travis kelce and taylor swift, this show is going to kill me. for our audience worldwide, this is bloomberg surveillance. i am jonathan ferro. financial markets positive by a third of 1% on the s&p 500. the last week, things have been decent. jobless claims were lower. consumer confidence is picking up. lisa: it all sounds so good. in day of -- in davos, everyone was so optimistic. we...
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Jan 9, 2024
01/24
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. >> this is bloomberg surveillance with tom keene, jonathan ferro and lisa abramowicz.television, bloomberg surveillance. lisa abramowitz was looking at bit coin and her retirement plan looks good. the market is one big distraction except it's here. potentially a bitcoin etfs there and gary gensler had an extended thread with the risks involved. those risks overlaid in the market, it's a risky 2024. jonathan: let's talk about financial markets in the last week or so. the conflicting economic data, the conflicting earnings stories as well. you can identify a slow down. maybe we'll worry about what's happening in the broader economy and companies like lululemon and abercrombie updating their outlook. nvidia release new products. tom: six trading days here and we could go down three more days and have another january 2, 3, 4. we go up like yesterday and it shows the immense uncertainty out there on top of bitcoin. jonathan: it's soft data versus hard data. so the survey data is not fantastic. you look at the hard data and things are ok. jobless claims are around 200 k. tom
. >> this is bloomberg surveillance with tom keene, jonathan ferro and lisa abramowicz.television, bloomberg surveillance. lisa abramowitz was looking at bit coin and her retirement plan looks good. the market is one big distraction except it's here. potentially a bitcoin etfs there and gary gensler had an extended thread with the risks involved. those risks overlaid in the market, it's a risky 2024. jonathan: let's talk about financial markets in the last week or so. the conflicting...