. ♪ - super excited to open up my diploma from southern new hampshire university. ♪ ♪ - i'm nervous,xcited. ♪ ♪ - [man] okay, let's see it. let's see it. - oh my gosh. - jesus suarez, i did it and it's here. (group cheers) ♪ ♪ - [narrator] next term starts soon. visit snhu.edu. visit snhu.edu. >> portfolio, strong. the economy ran through our portfolio looks quite positive. we are not in a recession or on the edge of it. we don't see the normal indicators, yet, suggesting a weakening economy. sonali: that was from earlier today and today we get a look at the economy and financial markets from another big player. brian higgins joins us, his firm has about 25 billion dollars in assets and is in and out of markets every day. thank you for joining me. looking at the data that came in this morning, does it support the theory that perhaps inflation is a little hotter and may remain, more importantly, more hot than many expected? brian: i would say yes, its remaining higher. the earlier cuts, you know, now it is perhaps 0-2. the fed is not going to want to be seen as too political. anything

. ♪ - super excited to open up my diploma from southern new hampshire university. ♪ ♪ - i'm nervous,ited. ♪ ♪ - [man] okay, let's see it. let's see it. - oh my gosh. - jesus suarez, i did it and it's here. (group cheers) ♪ ♪ - [narrator] next term starts soon. visit snhu.edu. visit snhu.edu. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future where you grew a dream into a reality. the all new godaddy airo. put your business online in minutes with the power of ai. francine: emma grede is perhaps best known as the founder of skims. the shapewear brand was valued at $4 billion last year. i continued the conversation by asking emma about the business and her commitment to supporting diversity and black owned companies. skims is also huge. did you ever think -- what do you call it, an underwear shaping company? emma: yes, underwear, solutionwear. skims has grown so unbelievably. and, you know, that is kim kardashian's company, it was her idea from the outset. i honestly believe that we never thought that it would just be one thin

. ♪ - super excited to open up my diploma from southern new hampshire university. ♪ ♪ - i'm nervous,xcited. ♪ ♪ - [man] okay, let's see it. let's see it. - oh my gosh. - jesus suarez, i did it and it's here. (group cheers) ♪ ♪ - [narrator] next term starts soon. visit snhu.edu. visit snhu.edu. investment opportunities are everywhere you turn. do you charge forward? freeze in your tracks? or, let curiosity light the way. at t. rowe price, we ask smart questions about opportunities like advances in healthcare and how these innovations will create a healthier world tomorrow. better questions. better outcomes. katie: the darling of the ipo market is supposed to begin trading today. after shares priced at the top of the range. join us with a breakdown is ed ludlow. we do know that it priced at the upper range. >> an hour raising. if you want more numbers on the shares outstanding, that is a valuation of $5.4 billion. you take into account restricted stock and options, evaluation of $6.4 billion. i make this kind of the 570 and the biggest ipo's, but includes stacks. katie: it is kind of n

. ♪ - super excited to open up my diploma from southern new hampshire university. ♪ ♪ - i'm nervous,ited. ♪ ♪ - [man] okay, let's see it. let's see it. - oh my gosh. - jesus suarez, i did it and it's here. (group cheers) ♪ ♪ - [narrator] next term starts soon. visit snhu.edu. visit snhu.edu. ed: asked her -- astera labs set to open significantly above its ipo price of $36 a share. shares indicated to open it $53 as of around 15 minutes past 11 eastern time. 246% premium on where they priced it. let's get straight to bloomberg deals reporter, your reaction. >> there've only been three venture backed ipo since 2021. they are popping significantly which this is after already pricing above their revised range. they kept revising it higher because there was so much demand, institutional investors. so the fact that they -- this went really well shows and proves there is investor demand for the right companies, or tech ipos right now. caroline: it developed semiconductor-based conductivity solution. this is about ai. and you think therefore we are needing to have this element of ai to get i

. - super excited to open up my diploma from southern new hampshire university. ♪ ♪ - i'm nervous, i'm♪ ♪ - [man] okay, let's see it. let's see it. - oh my gosh. - jesus suarez, i did it and it's here. (group cheers) ♪ ♪ - [narrator] next term starts soon. visit snhu.edu. visit snhu.edu. >> i'm honestly paralyzed. i would not know what to point to. this is an ambiguous report. >> i would err on the side of this being a generally a positive story. >> but markets have priced in expectations, and that's why i see this ambiguous as opposed to simply confident. >> nothing is alarming but it's headed in the right direction and that's what the market wants to see. >> some more good news from chair powell and this gets you there. >> interest rate cuts are in the picture. i think it's quite reasonable. >> people love to criticize the fed, but wow, it's hard to look for fault in their behavior through this cycle. haidi: that were some of our guests on bloomberg tv reacting to the latest u.s. jobs report showing a cooling yet resilient labor market. let's look at the latest inflation print out of

. - super excited to open up my diploma from southern new hampshire university. ♪ ♪ - i'm nervous, i'm♪ - [man] okay, let's see it. let's see it. - oh my gosh. - jesus suarez, i did it and it's here. (group cheers) ♪ ♪ - [narrator] next term starts soon. visit snhu.edu. visit snhu.edu. 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 abigail: this is bloomberg markets, you are looking at a live shot of the principal room. coming up, john rogers joins bloomberg at 3:00 p.m. your time. -- new york time. this is bloomberg. ♪ dark of time now for wall street week and we are taking a deep dive into what it means to be an effective leader. at issue, why the egocentric or genius mindset that is nourished leaders like elon musk and sam altman may work in the short-term but is not a recipe for growth. joining us now as mary murphy, the author cultures for