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Dec 1, 2023
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sonali: i am sonali basak and this is "bloomberg real yield".e we wrap up the month of november ahead into december. we are good start in europe because we saw a revival of at1 bond issuance with the biggest sale level in almost a decade. it was believed to be in trouble after the credit suisse and ubs merger that has not been the case. the u.s., sales this week by the likes of citigroup and home depot helped to drive ig sales to nearly $100 billion. that ranks in the middle of the pack when compared to the past 10 years. looking at high-yield, november sales surpassed $19 billion. while the month saw higher sales volumes compared to last year it ranks second to last in the data going back last five years. laura goodwin is weighing in on the bond market. laura: even if we see recession -- which i expect -- you can still gain meaningful yield uptick. what is interesting about high-yield is we see investors and we are doing the same. -- and we are doing the same, taking high risk. you can still acknowledge fed programs early in the pandemic made t
sonali: i am sonali basak and this is "bloomberg real yield".e we wrap up the month of november ahead into december. we are good start in europe because we saw a revival of at1 bond issuance with the biggest sale level in almost a decade. it was believed to be in trouble after the credit suisse and ubs merger that has not been the case. the u.s., sales this week by the likes of citigroup and home depot helped to drive ig sales to nearly $100 billion. that ranks in the middle of the...
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Dec 7, 2023
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sonali: this is bloomberg markets and i am sonali basak.ta and ceo of a firm -- affirm says the world of buy now pay later finance from us is to be an alternative to high interest credit cards satellite, debt. here's part of my conversation with him. max: i find it flattering that someone at the top of a bank in america sees us as an important competitor. it's a statement about the idea we are evolving. a cup of coffee that is a model that will go away over the next years. that is good news writ large. sonali: do you think the model creates new risks to an industry that it may be underappreciated from the get-go? max: the model creates risks for credit cards. frankly, that's a good risk that i am happy to add fuel to that particular fire. you should not revolve on a cup of coffee. you should not feel you have no idea when you will be out of debt. by now pay later and affirm are the protectable outcomes product that's an alternative to the complete the unpredictable version that is offered to you by traditional credit card issuers. sonali: y
sonali: this is bloomberg markets and i am sonali basak.ta and ceo of a firm -- affirm says the world of buy now pay later finance from us is to be an alternative to high interest credit cards satellite, debt. here's part of my conversation with him. max: i find it flattering that someone at the top of a bank in america sees us as an important competitor. it's a statement about the idea we are evolving. a cup of coffee that is a model that will go away over the next years. that is good news...
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Dec 8, 2023
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sonali: from new york city for our viewers worldwide, bloomberg's real yield starts right now. ♪ ♪ sonaliming up, a hot jobs report builds a bigger case for a soft landing and investors are rethinking the timing of fed rate cuts which is causing two-year yields to have the biggest move in two months. we begin with the big issue -- the bond market gets a reality check. >> it's no doubt this morning jobs report was probably stronger than expected but exceeded expectations. >> this is a good report. >> good news for the economy. >> it says we are not in recession now, but it's not necessarily an all clear signal for next year. >> it will still be a bumpy ride. >> you not seeing the level of restrictiveness show up yet. >> expectations for fed cuts might be a little overdone. >> this is a report the fed will look at and not really feel compelled they need to embrace the early rate cuts year that that market is pricing. >> it doesn't make the fed want to cut interest rates at this juncture. >> they are likely to cut in march as markets were expecting. >> the fed is months away if not quarters
sonali: from new york city for our viewers worldwide, bloomberg's real yield starts right now. ♪ ♪ sonaliming up, a hot jobs report builds a bigger case for a soft landing and investors are rethinking the timing of fed rate cuts which is causing two-year yields to have the biggest move in two months. we begin with the big issue -- the bond market gets a reality check. >> it's no doubt this morning jobs report was probably stronger than expected but exceeded expectations. >> this...
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Dec 21, 2023
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sonali: u.s.ence got a boost in december by the most since early 2021 as americans are more optimistic about the labor market and the inflation outlook. here with more is kayla bruun. it's good timing into the holiday season so does this hold? >> that is yet to be seen. when it comes down to that is driving the stronger consumer confidence as well as the stronger than expected consumer spending we've seen so far ahead of the holiday season is purchasing power. it's the surprise there, the positive surprise has been that inflation has been cooling faster than the labor market. the last few reports, the labor market has shown some signs of cooling but it's holding pretty steady and surprisingly so. for many consumers, that translates into inflation relief and even price relief and some price declines in some categories on the goods side. consumers are noticing that in having a little less sticker shock than they have for a long time and we are seeing that come across in the numbers. guy: the surpris
sonali: u.s.ence got a boost in december by the most since early 2021 as americans are more optimistic about the labor market and the inflation outlook. here with more is kayla bruun. it's good timing into the holiday season so does this hold? >> that is yet to be seen. when it comes down to that is driving the stronger consumer confidence as well as the stronger than expected consumer spending we've seen so far ahead of the holiday season is purchasing power. it's the surprise there, the...
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Dec 8, 2023
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sonali: so good to have you today.look at the year in etf's, the funds that made it and the ones that went bust. etf friday is up next. this is bloomberg. ♪ (adventurous music) ♪ ♪ ♪ be ready for any market with a liquid etf. get in and out with dia. and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com an ever-changing landscape comes with challenges. from our vantage point, we see opportunities. as a top-ten real estate manager, we harness the power of a 360° perspective, delivering local insights and global expertise across public and private equity and debt. our experienced team and vast network uncover compelling opportunities giving our clients an exclusive advantage. principal asset management. actively invested. sonali: this is bloomberg markets. chris sheldon joins bloomberg television at 1 p.m. new york time, 6 p.m. in london. this i
sonali: so good to have you today.look at the year in etf's, the funds that made it and the ones that went bust. etf friday is up next. this is bloomberg. ♪ (adventurous music) ♪ ♪ ♪ be ready for any market with a liquid etf. get in and out with dia. and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com an...
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Dec 22, 2023
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sonali: what do you think? if you think about what the fed in the market is expecting, where is the disconnect most pronounced? robert: the markets have gone to extremes. there's no doubt about that. but on the inflation side, it's worth keeping in mind that a lot of prices are up spectacularly over the last few years, and when that happens -- it's very unusual that it does, but in the aftermath, it's difficult to not have prices come down in a number of categories. the other thing to keep in mind is the significance of housing and we have had a bizarre situation where the increase in rates crimped the supply of existing homes coming into the market, and there's a lag on multifamily supply coming onto the market, so we have had firm rent inflation coming through the cpi. now that supply is coming in, rates are down. that may loosen some of the existing home sale market. and so some of the rent data is coming indistinctly soft. so there are not a lot of things that could keep the disinflation story on track. the
sonali: what do you think? if you think about what the fed in the market is expecting, where is the disconnect most pronounced? robert: the markets have gone to extremes. there's no doubt about that. but on the inflation side, it's worth keeping in mind that a lot of prices are up spectacularly over the last few years, and when that happens -- it's very unusual that it does, but in the aftermath, it's difficult to not have prices come down in a number of categories. the other thing to keep in...
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Dec 22, 2023
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sonali: a timely conversation. professor betsey stephenson from the university of michigan. elon musk has a bone to pick with past investing we will have details on that in a year at the look -- a look at the year in etf's. ♪ this is bloomberg. ♪ (adventurous music) ♪ ♪ ♪ be ready for any market with a liquid etf. get in and out with dia. sonali: this is bloomberg markets. coming up next hour, lael brainard, director of the national economic full the white house and former vice chair the federal reserve joining bloomberg television and radio at 11:40 a.m. new york time. ♪ >> the percentage of the market that is passive is simply too great at this point. at the end of the day, somebody has to make an active decision. the passive investors are writing on the decisions of the active investors. you essentially get massive movements of the stock based on the decisions of maybe four or five active major stock pickers. sonali: that was elon musk speaking with us and that was his take on passive investing but how did ets a
sonali: a timely conversation. professor betsey stephenson from the university of michigan. elon musk has a bone to pick with past investing we will have details on that in a year at the look -- a look at the year in etf's. ♪ this is bloomberg. ♪ (adventurous music) ♪ ♪ ♪ be ready for any market with a liquid etf. get in and out with dia. sonali: this is bloomberg markets. coming up next hour, lael brainard, director of the national economic full the white house and former vice chair...
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Dec 11, 2023
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sonali: and i am so gnarly buck. -- sonali basak from the green on the screen for the s&p 500, 0.3% highern the day. the nasdaq 100 getting more love, almost 0.8% higher on the day. crude back on the rise, you have appointment percent gain in crude, back above $71 a barrel. 2-year yield also flat on the day, one basis point higher. it has been fluctuating. i went to look at the 10-year yield, we just had at $37 billion auction. also watching 10-year yields on the rise. the 10 year and three year auction as well had a bit of pain, a bit of struggle in terms of selling new treasuries into a market where you are watching critical economic data ahead. you have inflation and then you have the fed ahead of us this week. not too surprising to see a bit of pressure on the treasury market once again. jon: definitely feels like macro is going to rule this week. we do have some corporate stories that are moving individual names today. in canada we have been watching blackberry where the company has named a new ceo. they are also backing away from their previous plan to do an ipo for their internet of
sonali: and i am so gnarly buck. -- sonali basak from the green on the screen for the s&p 500, 0.3% highern the day. the nasdaq 100 getting more love, almost 0.8% higher on the day. crude back on the rise, you have appointment percent gain in crude, back above $71 a barrel. 2-year yield also flat on the day, one basis point higher. it has been fluctuating. i went to look at the 10-year yield, we just had at $37 billion auction. also watching 10-year yields on the rise. the 10 year and three...
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Dec 29, 2023
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sonali: no. vonnie: there are so many. sonali: it's exhausting.hat's a good point. i do, too, i guess we are lucky that way, we don't have a complicated financial life. [laughter] so, if you don't, you can do a pretty early -- you just need a couple of forms, i guess. all i want to know and all i need is, when is my credit card due? that is was going to come up first january from. sonali: and on top of the student loan debt, it's a complicated equation. this has been a tough year for jobs and it could be a tough year for bonuses. january and february will be -- a lot of talk about financials. vonnie: the run-up of the s&p 500 is half of the run-up than the nasdaq 100 for the year but so many people have not been able to participate even through 401(k)'s, at all, so that wealth is only for a small portion of the population. lots of retail investors but it does not mean that your growth bill is going to -- grocery bill is going to get easier january 2. sonali: there is still inflation even though it is cooling in a lot of places. and hedge funds, ev
sonali: no. vonnie: there are so many. sonali: it's exhausting.hat's a good point. i do, too, i guess we are lucky that way, we don't have a complicated financial life. [laughter] so, if you don't, you can do a pretty early -- you just need a couple of forms, i guess. all i want to know and all i need is, when is my credit card due? that is was going to come up first january from. sonali: and on top of the student loan debt, it's a complicated equation. this has been a tough year for jobs and...
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Dec 8, 2023
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: sonali: from your ago.u look at the areas you saw job growth like health care and government and jobs, are those gains sustainable? >> i think they could be. those two sectors are really important for having a healthy economy and they are jobs that make other work possible. i think we will see health care still pretty pretty robust. it's afraid part of our economy. we've seen some robust growth in a market difference from the recovery from the great recession. that is a good sign. of course, government employment is it relies on government funding. market forces there are not as relevant. it's really going to be about willingness to pay for the services that are credible -- critical to make our economy function. jon: thank you for your time today. obviously, the market has been digesting the data over the course of the trading session. we are looking at the s&p 500 higher at this hour. you talked earlier about energy finding some buying interest on this friday. that has helped out to a certain degree but in
: sonali: from your ago.u look at the areas you saw job growth like health care and government and jobs, are those gains sustainable? >> i think they could be. those two sectors are really important for having a healthy economy and they are jobs that make other work possible. i think we will see health care still pretty pretty robust. it's afraid part of our economy. we've seen some robust growth in a market difference from the recovery from the great recession. that is a good sign. of...
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Dec 1, 2023
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sonali: this is "bloomberg markets". i am sonali basak with jon erlichman.omberg has learned binance officials held a dinner in singapore last september with a few dozen market makers dubbed vip's. during the dinner they discussed the company's legal woes and the likelihood of settlement. allison joins us on this. why does this dinner matter? allison: it is a sign there were some traders that were getting a hit or sneak peek of what was to come. we know this was held at a very exclusive members only club in singapore that traders had raised concerned about what the legal outlook might be in the point was to ease those concerns. we know this $4 billion number came up in the traders walked away with the understanding this would be the price to pay for settling. but i think there were some people that knew about this before it was actually announced earlier this month or in november. jon: it is very in-depth reporting you have done. what i also thought was interesting is that it appears already we are seeing some outreach from the company on the road ahead from
sonali: this is "bloomberg markets". i am sonali basak with jon erlichman.omberg has learned binance officials held a dinner in singapore last september with a few dozen market makers dubbed vip's. during the dinner they discussed the company's legal woes and the likelihood of settlement. allison joins us on this. why does this dinner matter? allison: it is a sign there were some traders that were getting a hit or sneak peek of what was to come. we know this was held at a very...
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Dec 22, 2023
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this is bloomberg. ♪ sonali: this is bloomberg markets and i am sonali basak alongside jon erlichman.n musk is lashing out over the state of financial markets. he spoke with kathy what about the high regulatory burden faced by publicly traded companies and here is some of what he had to say on x. >> i frankly would recommend companies do not go public unless they absolutely have to. there's a lot of pressure, immense pressure, on a public company to not have a bad quarter, so this can actually result in a less efficient operation where you are going to great lengths at the end of a quarter to not disappoint people. sonali: now let's discuss with bloomberg emily griffey oh because this is a big -- this is a person who does lead a publicly traded company that has investors. what is his problem with that? emily: on the public markets, he did acknowledge in this chat with cathie wood that at least for tesla being able to access capital by being a public company has been beneficial and tesla is one of the largest public companies, but as we also know, spacex is private, one of the largest
this is bloomberg. ♪ sonali: this is bloomberg markets and i am sonali basak alongside jon erlichman.n musk is lashing out over the state of financial markets. he spoke with kathy what about the high regulatory burden faced by publicly traded companies and here is some of what he had to say on x. >> i frankly would recommend companies do not go public unless they absolutely have to. there's a lot of pressure, immense pressure, on a public company to not have a bad quarter, so this can...
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Dec 8, 2023
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guy: sonali, sorry. sonali: had to definitely end on that note.ou so much, beata manthey, head of european equity strategy at citigroup. after months of packet -- of haggling, our conversation with nadia calvino is next. this is bloomberg. ♪ we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com you can't buy great conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine. t. rowe price, invest with confidence. ( ♪ ♪ ) ( ♪ ♪ ) ♪ (when the day that) ♪ ♪ (lies ahead of me) ♪ ♪ ( seems impossible to face) ♪ ♪ (a lovely day) ♪ ♪ (lovely day) ♪ ♪ (lovely day) ♪ ♪ (lovely day) ♪ a bank that knows your business grows your business. bmo. sonali: spain's economy minister has won a tough race to become the next president of the european investment bank. it is the world's largest multilateral lender and key to rebuilding ukraine and the region scre
guy: sonali, sorry. sonali: had to definitely end on that note.ou so much, beata manthey, head of european equity strategy at citigroup. after months of packet -- of haggling, our conversation with nadia calvino is next. this is bloomberg. ♪ we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com you can't buy great conversations or moments that matter, but you can invest in them....
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Dec 5, 2023
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sonali: allison mcnealy, thank you so much for your time. tomorrow we will hear from eight banking executives on capitol hill. it is part of the senate banking committee's annual oversight hearing featuring the ceos. kevin from her as the financial services -- one of the things before you came on, a lot of folks were talking about how the bank ceos are going to use this as an opportunity to fight those capital rules. what you expect them to say? kevin: there will be a number of topics the committee addresses and that is typically how it goes. it is a bit of a grab bag. we have a proposal before is now that would raise capital for these large banks by 20% or more. it will have a significant impact on consumers and small businesses and corporate customers, farmers, everybody across the economy. everybody that does business and relies on these institutions for that work and the economy as a whole that relies on these institutions. we have been through a crisis 15 years ago, raised capital significant, three times as much as we did then. we have
sonali: allison mcnealy, thank you so much for your time. tomorrow we will hear from eight banking executives on capitol hill. it is part of the senate banking committee's annual oversight hearing featuring the ceos. kevin from her as the financial services -- one of the things before you came on, a lot of folks were talking about how the bank ceos are going to use this as an opportunity to fight those capital rules. what you expect them to say? kevin: there will be a number of topics the...
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Dec 26, 2023
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sonali:.bankers are sitting home watching bloomberg hoping for deals to come back next year. i am wondering when you have those conversations in the background, how big is that pipeline? what kind of deals and what is the velocity of that? art: again, in the core middle-market where we are placed, we are still very busy. i would say on the upper end, the fact that interest rates have been volatile has met it has been harder for buyers and owners of bigger companies to come together. now that interest rates seem to be flat or maybe on a downward path, perhaps decisions can be made at -- an equilibrium can be reached which may indeed make those investment bankers sitting home watching bloomberg tv today happier about a 2024 deal flow. sonali: what kind of deals? when you think about it size what's interesting is how much of those types of participants in the deal market have increasingly chosen the private credit channel versus the banks. cut up the competition a little for us -- set up the comp
sonali:.bankers are sitting home watching bloomberg hoping for deals to come back next year. i am wondering when you have those conversations in the background, how big is that pipeline? what kind of deals and what is the velocity of that? art: again, in the core middle-market where we are placed, we are still very busy. i would say on the upper end, the fact that interest rates have been volatile has met it has been harder for buyers and owners of bigger companies to come together. now that...
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Dec 27, 2023
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sonali: welcome back. i am sonali basak alongside vonnie quinn.k highs. good stores under the surface. s&p down about a point right now. i wonder if we will finish the day higher. yields are being locked in substantially. 3.7870 on the 10 year. oil coming up a bit but look at bitcoin. we are reversing yesterday's reversal. we are up 1.9% on spot bitcoin. i guess the institutional community awaits the decision on potential etf's. sonali: he will keep an eye on the bitcoin etf watch and we will switch gears now to talk about a story on and off air. dealmakers are coming to the end of their worst year for mergers and acquisitions in a decade. value down roughly a quarter in 2023. this is according to data compiled by bloomberg earlier this month. we are bringing in rob. one verse five is that middle market where a lot of private equity activity is happening -- happening and expected to rebound year. rob: the pipeline for next year looks improved. the private capital and middle markets are not unscathed by the slowdown or the air coming out of the bal
sonali: welcome back. i am sonali basak alongside vonnie quinn.k highs. good stores under the surface. s&p down about a point right now. i wonder if we will finish the day higher. yields are being locked in substantially. 3.7870 on the 10 year. oil coming up a bit but look at bitcoin. we are reversing yesterday's reversal. we are up 1.9% on spot bitcoin. i guess the institutional community awaits the decision on potential etf's. sonali: he will keep an eye on the bitcoin etf watch and we...
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Dec 22, 2023
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sonali: it a serious number.you think about it a would make you think twice in how you are ordering your goods and what you are putting them in even if you are getting them at the store. a lot have asked customers to bring their own bags or use paper. it another story we are looking at. novo nordisk stock, shortages of ozempic have led to another issue. there is no surprise now that the fda has seized thousands of units of counterfeit weight loss drugs. it is morning patients to be very careful here. a serious issue, and we have seen similar issues in europe as well. guy: it is an issue basically because they cannot produce enough of it. that has been one of the standout stories of this year. it is an opportunity to look at novo nordisk your today. it has had a rate run. are they going to be able to keep up with demand next year? are they going to do with the issue of some of these fake products on the market? ♪ guy: nothing really to see there either. last week is where all of the action was. this week we have b
sonali: it a serious number.you think about it a would make you think twice in how you are ordering your goods and what you are putting them in even if you are getting them at the store. a lot have asked customers to bring their own bags or use paper. it another story we are looking at. novo nordisk stock, shortages of ozempic have led to another issue. there is no surprise now that the fda has seized thousands of units of counterfeit weight loss drugs. it is morning patients to be very careful...
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Dec 28, 2023
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sonali: sonali: there is a lot of things on the agenda.tanding among michigan residents? rep. stevens: i am certainly very eager for president biden to communicate his message and track record of delivery for michiganders. if it is passing the chips and science fact which is funding the semiconductor industry and meeting the needs of our autoworkers, if it is standing beside our autoworkers as they negotiated record contracts for the record profits that the auto industry has received over the last few years. it is joe biden who stood by them. and then also, a message for the future. that is what joe biden represents. lowering the cost of higher education. paid family leave. the child tax credit. banning assault weapons. standing by a woman's right to choose. sonali: we will have to leave it there. down to the clock but we hope to have you back soon. up to the markets next. stick with us here on bloomberg. ♪ (aidyl) hi, i'm aidyl, and i lost 90 pounds on golo. i struggled with weight loss and weight gain my entire life. with all the yo-yo d
sonali: sonali: there is a lot of things on the agenda.tanding among michigan residents? rep. stevens: i am certainly very eager for president biden to communicate his message and track record of delivery for michiganders. if it is passing the chips and science fact which is funding the semiconductor industry and meeting the needs of our autoworkers, if it is standing beside our autoworkers as they negotiated record contracts for the record profits that the auto industry has received over the...
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Dec 21, 2023
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sonali: a lot of if's in that statement.ow much concern do you have around spikes in inflation given that that was the biggest thing you've targeted this year? claudia: all the indicators point to the fact inflation is falling. it's probably falling faster. many people would expected inflation rate to stay well above target. inflation is still above target but if you see the way inflation is coming down we probably expect in 2024 to be back closer. this would probably -- not as much as the market is rising but at least reducing the level of interest rates may see support for different assets. we are expecting the bond yield in the u.s. to still move lower. the two years rate will probably integrate more easy -- easing. as long as u.s. equity will be supported and the premium was unattractive. on the side you have a lot of potential because a lot of people are seeing that in the money market. a lot of people if interest rates are falling these money market assets will be used for equities. i think you still have a potential u
sonali: a lot of if's in that statement.ow much concern do you have around spikes in inflation given that that was the biggest thing you've targeted this year? claudia: all the indicators point to the fact inflation is falling. it's probably falling faster. many people would expected inflation rate to stay well above target. inflation is still above target but if you see the way inflation is coming down we probably expect in 2024 to be back closer. this would probably -- not as much as the...
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caroline: sonali? sonali: i couldn't hear. caroline: he was asking about the scoop.vip traders knew ahead of time? sonali: they did know ahead of time. they were in the uae and they don't have extradition to the united states. it wasn't just the founder but shows the extent that the rest of the traders were concerned about how finance would resolve the settlement and get through at the end of the day. caroline: crypto is her sweet spot. ed: this is bloomberg technology. ♪ hey david. connect with an advisor to create your personalized plan. let's find the right investments for your goals okay, great. j.p. morgan wealth management. somebody would ask her something and she would just walk right past them, (laughs). she didn't know they were talking to her. i just could not hear. i was hesitant to get the hearing aids because of my short hair. but nobody even sees them. our nearly invisible hearing aids are just one reason we've been the brand leader for over 75 years. when i finally could hear for the first time, i could hear everything. we've extended our black friday
caroline: sonali? sonali: i couldn't hear. caroline: he was asking about the scoop.vip traders knew ahead of time? sonali: they did know ahead of time. they were in the uae and they don't have extradition to the united states. it wasn't just the founder but shows the extent that the rest of the traders were concerned about how finance would resolve the settlement and get through at the end of the day. caroline: crypto is her sweet spot. ed: this is bloomberg technology. ♪ hey david. connect...
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sonali: i wouldn't go that far. depends how things go. the ipo class of the end of this year has been disappointing so to the extent they can show some promise and investors feel comfortable putting money toward new companies making sure the companies make it through the next cycle, they could be back. there has been exuberance in the market the last few months that should give you confidence that may be putting new money to work could be good that is dark -- that is barring any trouble next year. people are trying to front and any problems including a presidential election that could make things choppy next year. kriti: it's an interesting dynamic. she will be speaking with alberto gallo and the cio and co-founder on real yields of tune into that. in about 35 minutes time, we will have the european close right here on bloomberg television. in the meantime, let's bring you the major movers from the european session. the biggest index mover is the price target is 800 euros. lvmh a downgrade and they are down by 0.9%.
sonali: i wouldn't go that far. depends how things go. the ipo class of the end of this year has been disappointing so to the extent they can show some promise and investors feel comfortable putting money toward new companies making sure the companies make it through the next cycle, they could be back. there has been exuberance in the market the last few months that should give you confidence that may be putting new money to work could be good that is dark -- that is barring any trouble next...
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Dec 7, 2023
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sonali: reality for so long, when j.p.ndustry like a firm being major competitors in the future. the banking industry has a much different relationship. also the private credit industry. we are watching them step up to finance these loans. a firm could understand a little bit better than these regional banks with more constrained underwriting experience in those sectors and private credit firms are more constrained. they did a $40 billion deal with paypal. guy: amazing. it has come fast. fantastic stuff. the full interview will air tomorrow. coming up on the european close, we have more. this is bloomberg. ♪ the power goes out and we still have wifi to do our homework. and that's a good thing? great in my book! who are you? no power? no problem. introducing storm-ready wifi. now you can stay reliably connected through power outages with unlimited cellular data and up to 4 hours of battery back-up to keep you online. only from xfinity. home of the xfinity 10g network. guy: european stocks drifting sideways. a little negativ
sonali: reality for so long, when j.p.ndustry like a firm being major competitors in the future. the banking industry has a much different relationship. also the private credit industry. we are watching them step up to finance these loans. a firm could understand a little bit better than these regional banks with more constrained underwriting experience in those sectors and private credit firms are more constrained. they did a $40 billion deal with paypal. guy: amazing. it has come fast....
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Dec 6, 2023
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vonnie: sonali basak is in d.c. what the latest.hey were constantly harping on the idea that all of these regulations would somehow hurt the consumer. is that what you took from it? sonali: yeah, very specifically, the type of consumers that would feel the pain from this, they were talking about. when tim scott asked how it would impact rural areas and forms, they said it's not just a -- not just the cost of capital but it would also hurt hedging costs as well. another element that could be interesting as the worries the big banks have around how it would impact things like financing markets around treasuries. this is something we've heard jamie dimon talk about in the past and james gorman, but today you had the ceo of goldman sachs david solomon delineate the senators that this would impact the prime financing business that affects the treasury market. is not just about the treasury market, prime financing, especially after goldman has retreated from any of their consumer businesses, is increasingly an important business to goldma
vonnie: sonali basak is in d.c. what the latest.hey were constantly harping on the idea that all of these regulations would somehow hurt the consumer. is that what you took from it? sonali: yeah, very specifically, the type of consumers that would feel the pain from this, they were talking about. when tim scott asked how it would impact rural areas and forms, they said it's not just a -- not just the cost of capital but it would also hurt hedging costs as well. another element that could be...
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Dec 26, 2023
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if sonali basak joins us. sonali: good morning. happy holidays. manus: the holidays are over.nus: right. the biggest thing this year -- they chose not to have more of a u.k. lien. what sector is going to be hot in 2024 for the market? sonali: farm was supposed to jolt life into the ipo market. since then, we have instacart and flavio. a lot of what went public this year has not done that well. how does that set us up into 2024? there is hope for a rebound in the market, more stability but there is a window. q1, q2 is when you have to see these listings hit the ground. any uncertainty in the market, more geopolitical tensions, u.s. elections at the end of the year. so much uncertainty that that recognition of the window might make it tough for a real revival of the ipo market. katie: who might take advantage of that window? read it has been reported to be thinking about it. kim kardashian, tell us about that. sonali: these are recognizable names. others like sergeant or cvc have been rumored to have been thinking about an ipo next year. some names have considered it for the lon
if sonali basak joins us. sonali: good morning. happy holidays. manus: the holidays are over.nus: right. the biggest thing this year -- they chose not to have more of a u.k. lien. what sector is going to be hot in 2024 for the market? sonali: farm was supposed to jolt life into the ipo market. since then, we have instacart and flavio. a lot of what went public this year has not done that well. how does that set us up into 2024? there is hope for a rebound in the market, more stability but there...
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Dec 16, 2023
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. ♪ sonali: welcome to the "bloomberg markets magazine interview." i am sonali basak.
. ♪ sonali: welcome to the "bloomberg markets magazine interview." i am sonali basak.
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Dec 11, 2023
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sonali: not only did you see her but you see the board chair stepping down from pan.ard and m.i.t., you have congress itself and the representative who led a lot of that tough questioning of the university presidents, saying one down, to to go and calling for the removal of the other two presidents as well. you also had a nearly 2000 word letter from bill ackman to the harvard governing board that he believes that clotting gay has done more to damage the reputation of harvard than any other individual in their 500 year history. you have alumni putting on the pressure at the harvard board so a lot of pressure there from congress and alumni. guy: how much support on campus doesgray have? sonali: what's interesting about claudine gray is this recognition that the board of trustees has a lot of power and so to the donors and alumni but at the same time, you have others like the harvard jewish alumni alliance is important to think about. it is concerned the plight on campus will elongate the process of looking for a new president and then you have faculty professors who ha
sonali: not only did you see her but you see the board chair stepping down from pan.ard and m.i.t., you have congress itself and the representative who led a lot of that tough questioning of the university presidents, saying one down, to to go and calling for the removal of the other two presidents as well. you also had a nearly 2000 word letter from bill ackman to the harvard governing board that he believes that clotting gay has done more to damage the reputation of harvard than any other...
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Dec 24, 2023
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sonali: welcome to the "bloomberg markets magazine interview." i am sonali basak.very market magazine we go
sonali: welcome to the "bloomberg markets magazine interview." i am sonali basak.very market magazine we go
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Dec 6, 2023
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sonali: listen, on one hand, lawmakers, some of them have heard their cry. they heard the bank ceos's faces and they would have to go to the regular and make sure the regulators waited to implement these rules and pushed this offer get on the other hand, one senator i spoke to was j.d. vance, the ohio republican who was a venture capitalist himself. i asked him whether the private fund industry would face their own regulation, and he said that it very high likely. he could see things going that way. so the push and pull between the banking industry and their biggest clients are going to be very highly watched because of course we know that of course the meeting is ending now and you are seeing the banks about to walk behind me as well, probably, but you see the push up between the biggest banks and their biggest clients at this point in time given the tension behind the capital rules. caroline: let's talk about ai. the questioning there, crypto, the questioning there. what did you take away from the thoughts of senator elizabeth warren in particular? sonali:
sonali: listen, on one hand, lawmakers, some of them have heard their cry. they heard the bank ceos's faces and they would have to go to the regular and make sure the regulators waited to implement these rules and pushed this offer get on the other hand, one senator i spoke to was j.d. vance, the ohio republican who was a venture capitalist himself. i asked him whether the private fund industry would face their own regulation, and he said that it very high likely. he could see things going that...
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Dec 8, 2023
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♪ sonali:erg's real yield starts right now. ♪ ♪ sonali:
♪ sonali:erg's real yield starts right now. ♪ ♪ sonali:
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Dec 5, 2023
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. ♪ >> live from world headquarters in new york, i'm sonali basak.berg crypto, look at the people, transactions and technology shaping the world of decentralized finance. bitcoin passes $43,000. we speak to john wu. his market predictions following the expected big coin approval and the retirement of representative patrick mc
. ♪ >> live from world headquarters in new york, i'm sonali basak.berg crypto, look at the people, transactions and technology shaping the world of decentralized finance. bitcoin passes $43,000. we speak to john wu. his market predictions following the expected big coin approval and the retirement of representative patrick mc
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Dec 22, 2023
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. >> i'm sonali basak and this is the last show
. >> i'm sonali basak and this is the last show
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Dec 6, 2023
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sonali: a few things. we only started seeing this in 2019.nks down to washington. a lot was going on in the american economy at that time and this happened in the wake of the george floyd murder, for example, and there was frustration about the banks not serving low income and minority communities, a big feature of a lot of the hearings. this week, we are not going to see hearings in the house but the senate. and sherrod brown, ohio senator, voiced similar concerns about the big banks, leading citizens of america behind, and the point they are trying to make is that they still serve two thirds of american lending, and jamie dimon put out private credit, saying it will take over. and they might not be as kind to your people as we are is kind of the undertone here of the testimonies. lisa: i am wondering from the other side, when you talk about wall street executives saying this could cut credit to the broader economy and hurt it, what did we hear yesterday from goldman sachs when the ceos were speaking in terms of the state of play, with a c c
sonali: a few things. we only started seeing this in 2019.nks down to washington. a lot was going on in the american economy at that time and this happened in the wake of the george floyd murder, for example, and there was frustration about the banks not serving low income and minority communities, a big feature of a lot of the hearings. this week, we are not going to see hearings in the house but the senate. and sherrod brown, ohio senator, voiced similar concerns about the big banks, leading...
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Dec 7, 2023
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sonali: let's get started with a check of the markets.n day with the s&p 500 barreling toward session highs of almost eight tens to 1% on the day. and even bigger move in the desert -- nasdaq 100 snapping three days of losses and big tech firms up about 1.5% on the day. an even bigger move in the philadelphia semiconductor index. 2.2% higher on the day. even the russell 2000 up on the day. not quite as much. about one half of 1%.
sonali: let's get started with a check of the markets.n day with the s&p 500 barreling toward session highs of almost eight tens to 1% on the day. and even bigger move in the desert -- nasdaq 100 snapping three days of losses and big tech firms up about 1.5% on the day. an even bigger move in the philadelphia semiconductor index. 2.2% higher on the day. even the russell 2000 up on the day. not quite as much. about one half of 1%.
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Dec 12, 2023
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haslinda: that was cities institutional client group chairman with bloomberg sonali basak.to release its latest consumer inflation industrial production numbers later tuesday. we will look at what to expect. keep it here with us. this is bloomberg. ♪ the first time you connected your godaddy website the first time you rzed... sto well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh rishaad: you are back with bloomberg markets as we focus in on india. there we go, we got the open for cash market. it's really -- we are seeing slight gains taking place. we are testing these lows against the dollar. 83 rupees, 35 pesos. a lot to be grappling with with not just the econ
haslinda: that was cities institutional client group chairman with bloomberg sonali basak.to release its latest consumer inflation industrial production numbers later tuesday. we will look at what to expect. keep it here with us. this is bloomberg. ♪ the first time you connected your godaddy website the first time you rzed... sto well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at...
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Dec 11, 2023
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haidi: cities institutional clients group chairman with sonali basak., we have the latest when it comes to cup 28 in dubai. delegates wrangling over a deal to cut fossil fuel consumption. a climate diplomacy expert joins us next. this is. ♪ first time i connected with kim, she told me that her husband had passed. and that he took care of all of the internet connected devices in the home. i told her, “i'm here to take care of you.” connecting with kim... made me reconnect with my mom. it's very important to keep loved ones close. we know that creating memories with loved ones brings so much joy to your life. a family trip to the team usa training facility. i don't know how to thank you. i'm here to thank you. shery: you're watching daybreak: asia. a draft deal calls on countries to cut their consumption and production of fossil fuels. the agreement would be the first to call for the reduced use of all fossil fuels include oil and gas. many countries believe the deal does not go far enough offering loopholes in opt outs. let's bring in the head of researc
haidi: cities institutional clients group chairman with sonali basak., we have the latest when it comes to cup 28 in dubai. delegates wrangling over a deal to cut fossil fuel consumption. a climate diplomacy expert joins us next. this is. ♪ first time i connected with kim, she told me that her husband had passed. and that he took care of all of the internet connected devices in the home. i told her, “i'm here to take care of you.” connecting with kim... made me reconnect with my mom. it's...
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Dec 4, 2023
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like kkr last week, the wonderful interview of sonali.irement investment will change in the years to come. tom: more conservative, more traditional than the fancy back-and-forth of private equity. lisa: they can afford to be. tom: is there coffee? jonathan: i have been told a rumor that we get breakfast. caviar breakfast. lisa: caviar breakfast? not caviar. ♪ what do you see on the horizon? uncertainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges of today, when active investing and disciplined risk management are needed most. drawing on deep expertise across the world's public and private markets in pursuit of long-term returns... pgim. our investments shape tomorrow today. >> a lot of the optimists have been hanging their hat on the strength of the consumer and the consumer has remained strong. there is obviously appetite to spend come appetite to travel. you're seeing the consumer get out there and spend their money in stores and online. right now, the market is in this place where we are not sure if
like kkr last week, the wonderful interview of sonali.irement investment will change in the years to come. tom: more conservative, more traditional than the fancy back-and-forth of private equity. lisa: they can afford to be. tom: is there coffee? jonathan: i have been told a rumor that we get breakfast. caviar breakfast. lisa: caviar breakfast? not caviar. ♪ what do you see on the horizon? uncertainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges of today,...