let's get a look at the day movers with abigail doolittle. abigail: it's interesting, the s&p 500 is down .5% but beneath that there is a tug-of-war between the gainers and the laggards. tesla is the top point boost and last i checked it was the last of the top percentage movers. it's interesting, this is on the news that the company next year in china and in europe is planning on offering a service to help auto driving. folks are excited about this. they will also have, soon, get this, snow tires for your cyber truck. whatever the cause, it could be the recent dip with tesla up sharply. jetblue, up more, pre-announcing on the upside of their revenues, raising the guide. it's interesting, the crowdstrike technology debacle from july grounded the delta airlines planes along with the other airlines. apparently, jetblue was able to really scoop up those passengers , which is why they are raising that revenue. on the downside, it's the health care distributor that has distributed two lines of business that will apparently way on $.25 along with in

abigail doolittle has that covered for us. abigail: stocks on top may not be moving much but underneath we have a lot of movement. hp enterprise up. could be an overall recovery in enterprise servers and hpe stands to benefit from that trend, especially since there is no ai premium in the stock. the deal with jupiter. there is a report that the ceo of nvidia is done selling shares, maybe removing an overhang in stock. intel at micron higher as well. intel folks wonder whether or not the company could be bought out or the company could accept up to $5 billion from apollo to help with their turnaround. turning to the online gambling space, some nice gains. these are the declines of the automakers. rivian down the most. gm receiving the biggest downgrade. this is an overall downgrade. gm cut to an underweight. adam jonas sitting there are a lot of headwinds facing carmakers including rising inventories, concerns around the consumer and credit. how do we bring ai into the picture? gm down close to 7%. i believe we will take a look

for more on the market, we are joined by abigail doolittle, and the cold global head of real estate,son. it seems like there is more stories about that are actually improving so much over the last 12 months. a couple on the bloomberg today. can we definitively say we have reached and passed rock-bottom? >> i think we can. what is different is rates have the predict ability of rates. in the short end of the curve, anchored rates on the longer end of the curve, which is how real estate typically prices. really what we can focus on now that the potential volatility in rates is behind us, are the underlying fundamentals in yields in real estate. yields are higher than they have been in over a decade. the fundamentals are pretty strong. and we think they are improving. so we like the dynamics in the market. admittedly, the office market still struggles. but we are not sitting around thinking on how to be defensive in an office market. we are thinking more have to be offensive and the other major sectors. >> if you are thinking about those opportunities, what sectors or geographies are you

going back to equities for a moment, checking in with abigail doolittle, she has individual names she is following. abigail: some of that stimulus out of china is boosting the chinese tech adr. you can see all of these names in fact, the well-known china, tech, auto ev names higher on that stimulus involving the housing market, the property market, along with a boost to banks that follows earlier this week when rates were cut and bank reserves were lower. it's a bazooka of stimulus helping out these stocks. it's such as chinese tech stocks trading higher. shares of micron with a stock surging off the highs and from a healthy 13% to 14%, best day in six months, closer to 20%, best day since 2011, boosting the guide for the first quarter, top line by a healthy 5% better than the street. bottom line double digits better than the street, ai double digit demand creating a new chip relative to what they have helping out these results. finally, on a wall street journal report, we have the shares of super micro computer down 16% right now. this is the justice department, opening a probe. it f

the day movers on the equity side with abigail doolittle. cks may be -- abigail: beneath the surface we have bigger movers chair the worst decliner for the s&p 500, the sleep med tech company down 5.7%. you can see the plunge on the today chart. the worst day going back to july after wolf cut their rating to underperform on a decreasing and less attractive risk reward profile based on proprietary position. survey wolf believes a lunch from lily poses significant patient disruption, distortion risk. a fancy way of saying some of their business could go to lily. significant below where resmed is trading. let's turn to what is helping out the s&p 500 and this has to do with supermicro. this is another needham and company. upgrading shares to a by on a first mover advantage. the stock up on .6% even as an nvidia last time i looked on the s&p 500 oozing the mov function, nvidia had been lower. let's look at one of the big percentage movers for the s&p 500. apple up 1.8% to jp morgan in talks to take over its credit card venture after apple made a

on the equity side let's bring in bloomberg markets correspondent abigail doolittle. abigail: looking at the retail sales you were mentioning, initially stocks really liking it. the s&p 500 higher. the nasdaq had been hired. the nasdaq 100 recently reversed lower. relative to retail sales despite worries about the economy and the bifurcated consumer on a month over month basis the survey had been for a small decline and actually came in up .1%. ex auto and gas lighter than expected. the retail sales control group used for gdp plus up .3%. net/net better than what had been expected in terms of a healthy consumer. as for stocks it is something of a retail stock we will look out. not exactly. but walgreens is retail. just not the way people usually think about it. the reason it is up 2.5 percent does not have as much to do with retail than the fact that they settled a class-action lawsuit by customers that said the pharmacy chain overcharged by generic drugs starting in 2018. 20 years later the customers are winning and customers like that the overhang is coming off the s

first let's check in on these markets put abigail doolittle. abigail: we are hours away from one of the most anticipated fed decisions in years because of course it's all but likely they will in fact cut at this next meeting for the first time in four years but the big question is will be 25 basis point or 50 basis points according to probability and the bloomberg terminal right now we are looking at a 57% chance of a 50 basis point cut, one of the first times this has happened in a nonemergency capacity perhaps raising questions of what are they seeing and why will they make such a big cut if it happens. not so long ago jay bullard did tell cnbc he thinks the chances of a 50 basis point cut is actually overblown so we have seen this probability coming in at 5% at 70% but the mean point is more than 50% rate what has this done for stocks. over the last couple of months since we've seen some of the sectors in particular technology keep we've had that magnificent seven and the bottom panel of the chart we are looking at down about 5% where you hav

for some mid-day movers, on the equity side, let's bring in abigail doolittle. abigail: will start in europe. commerzbank and unicredit and this on the ongoing news around the idea that commerzbank is opposing the unicredit action to potentially boost its stake to 21% which would make its stake in commerzbank larger than the german governments and also set up the possibility of a takeover. commerzbank down 4.3% and you can see unicredit also down about the same. it is not clear if this is a piece of that action but certainly some tensions for some of these european banks, especially as the german government is really saying they do not want unicredit to have that larger state. to the upside, intel up 2.8% as apollo says they could invest up to $5 billion in the chipmaker. we are not sure if that will happen. intel saying they are considering the plan and this follows last week's qualcomm saying they may consider some type of friendly takeover. finally, the big mover on the day both from a percentage standpoint and a point boost to the s&p 500. tesla up 4%. this m

we have abigail doolittle here to walk us through. igail: it is incredible to move on the 2-year yield is not helping the mega cap sector. this is idiosyncratic, down 3.2%, the worst date in more than a month as an analyst is talking about the idea the first launch we can for the iphone pro 16 was weaker than expected, down 13% year over year. j.p. morgan saying that is disappointing as well. you can see the stock is down. it is not just apple. it is also apple suppliers. they are down dramatically. corvo down 8%. they received nearly 50% of their revenue from apple. qualcomm still down 2%. they have 30% revenue gathering from apple. it is not all bad, we do have the indexes lower, but one stock doing well, oracle up more than 50% on the year. today up 6.8%. up 6.8%. the analyst saying the sales growth is moving in the right direction. sonali: thank you so much. the big debate is all about whether the fed will cut rates by 25 or 50 basis points. hear what two prominent voices told bloomberg earlier today. >> the market has come to the

abigail doolittle, thank you. nordstrom, let's talk about them. the family behind the company is planning to take it private. for more on this, let's bring in mary ross gilbert. this is not the first time the family has tried to take it private. from where you sit, what is the difference in this latest attempt? mary: you are absolutely right, the first time they tried to take it private goes back to that 2017, 2018 timeframe, when they offered more than two times the price. that time there was a premium involved. this time, no premium. you would almost say that it's like a take under. that's what makes the transaction different. now when you look at the letter they submitted, they are saying really it's a 35% premium to where the shares were trading in march, when the first proposal emerged that the family was looking to take the company private. that's the big take there. you might say that maybe this could bring in other bidder? it's an interesting story, but when you've got the family with consolidated shares, the family owning a third of the s

we want to bring in abigail doolittle for a look at uber. it is a big stock story and i should say stocks of the day because it is not just uber responding well. we have shares of alphabet climbing. uber heading to the best day in a month. alphabet off of its highs, up 1.4%. alphabet had been on pace for the best day in two months. having to do with the uber waymo deal. an expansion of their partnership they established last year. this deal is an exclusive offering with -- where the uber app will be used for waymo vehicles. the electric vehicles in atlanta, georgia and austin, texas. austin is interesting because of elon musk's presence. it seems they are trying to have a foot stop. uber will not only manage the technology of the app but it will manage services such as cleaning and repairing these vehicles. there planning on the fleet in these areas to expand significantly. this deal will take place early next year. it does help uber pivot to being a platform for commercializing autonomous cars. uber is already doing quite well. if we take a

the 210 cried -- let's get back to the equities side and bring in abigail doolittle who has been looking at big movers. maybe you go: we have this decline for the s&p 500 but on the week we are down 4%. going back to march of 2023. the nasdaq 100 down more than that. it has everything to do with the selloff and tech but chips in particular. nvidia is the biggest drag, down 5% on the day. down 30% from its recent peak so in a bear market. the stock went too far too fast. the recent quarter guide not quite enough. broadcom the same deal. not up as much as nvidia but the guidance and you can see that the results in particular of broadcom last night or today taking down super micro computer and intel's plan to divest some portion of mobile not helping their shares. it is not just technology. all 11 sectors of the s&p 500 are in the red. apple, tesla, google. we have the banks down the most. wells fargo down the better part of 5%. bank of america week, jp morgan, citigroup weak as yields go in. that it's there lending business. in one of these areas where there is nowhere to hide. when we con

we bring in abigail doolittle. applico: -- abigail: this is berkshire hathaway. it is one of the most highly taxed entities in the world. the former president talking about the possibility of a 15% corporate tax rate. that would benefit an entity like berkshire hathaway, along with apple, microsoft and other largely taxed entities. over the last two days, down. after the debate, down 2.5%. i would argue in some ways it is a proxy for the s&p 500. we take a look at what is happening beneath the surface to the upside and downside. solar up 13%. you could say that is in favor of vp harris. nvidia up 2.9%. that could also be in favor of vp harris given the idea that jd vance, the running mate of donald, is perhaps wanting to break up big tech. big tech for the most part doing ok today. humana down 5.5%. this health care insurance company -- this could be seen as an anti-trump trade. in addition some medicare stocks trading higher, which would go in favor of kamala harris. yesterday, the worst day in quite some time after the president of jp morgan said analysts are -

thank you so much abigail duel or -- abigail doolittle with our movers at midday. investors eyeing inflation as a dampening factor with some of them saying higher prices have structural staying power. take a listen to what our guests said earlier today. >> we do see inflation eventually settling at a level that is higher than pre-pandemic levels because of structural constraints coming from the low carbon transition, coming from geopolitical fragmentation, coming out of the labor shortage from aging population. markets currently reacting as though we are going to have a lower inflation print which feels about right. it is under appreciating the level to which we are going to have to leave structural inflation. scarlet: for more on what markets are pricing in ahead of tomorrow's cpi print, let's bring in the bmo capital markets senior -- investors have gotten comfortable with this narrative inflation has moderated and is approaching the fed's 2% target. it is no longer the risk it once was for investors. do you see any reason for tomorrow's cpi print to stray or cha

let's go back to the equity side and check in with abigail doolittle. abigail: beneath the surface of the s&p 500 we have a bit of a bull-bear battle. shares of warner bros., up 7.5%. the best day in quite some time after a new distribution deal with comcast. their channel is including cnn and others across comcast. investors really liking this news. signaling they think it will be good for the bottom line. another big winner on the day. kroger up 5.8% on the day. this after they raised their sales view. they are seeing decent demand, good demand for their stores at the grocery markets and a piece of it has to deal with her ability to -- personalizing the experience. the s&p 500 is down. shares of moderna down 17%. they cut their r&d budget. they are seeing less pickup, less demand for the covid vaccine. the stock since the pandemic down more than 80%. micron was downgraded. nvidia on the day, we will be looking at this around 12:30, up for a fourth day. the chip complex overall not so much, micron being one of those stocks that is down. scarlet: fantast

abigail doolittle with us. what are you seeing? abigail: right now stops down broadly. the nasdaq down more than 1%. it has less to do with the debate and more with other factors of uncertainty relative to the reaction to the debate i would say right now djt is one of the better signals in terms of what investors saw with the stock down about 15%, the worst today since april. clearly a vote away from the trump trade if you will end one way the markets are backing vp harris. if we look at the betting odds, just yesterday both candidates were at 52%, this after former president trump right when kamala harris got into the race led her by let's call it 20%, she then led donald trump by 12 to 15%. yesterday going into that debate, 52% ap sprint now the spread five to 7% apart in favor of vp harris. this is another way markets are telling you they may have thought kamala harris's performance was at least a stronger or they think she will be elected in november. if we dig in deeper and look at what could be a harris trade which would be green energy, it would be health care th

abigail doolittle and miki naftali, chairman. what a day. just that rally continuing on, the s&p.at 5722. the nasdaq 100 up 3%. two year yield steady. that does it for bloomberg markets. watch these markets through the close. looks like we are holding. man, we have had volatility. this is bloomberg. ♪ [introspective music] recipes. recipes written by hand and lost to time. are now being analyzed and restored using the power of dell ai. ♪ ♪ ♪ with so much great entertainment out there... wouldn't it be easier if you could find what you want, all in one place? my favorites. get xfinity streamsaver with netflix, apple tv+, and peacock included, for only $15 a month. where do i begin with our young character? the one thing she was sure of was that she wanted to be a writer but she had no idea how. is there anything new in that notebook? actually, i have been working on a little something and i'd love for you to read it. thanks for being in my life because you've been more than just a mentor. you've been a source of inspiration in my journey to becoming a writer. >> from the world of p

abigail doolittle taking through what's happening now. t opened sharply lower , relative for the shares of nvidia. two to 3% decline not so much but that higher grade let's look at the last five days. you see a steep decline down 15.9%. these are the worst five days for nvidia going back to september of 2022 and of course they reported earnings last week, yes they beat and boosted but it was less than what it was less than what might normally be. a bit of a disappointment for a stock that one day year-to-date this year was up 180%. a way of saying too far too fast. this week there is that they decline about 10%, the market cap shed you are talking about. let's put that into context. it is on a split adjusted basis paid yesterday was the worst day since april so if we had not had the 10 for one split in june this market cap loss would not have been as great. but the split did happen. 279 billion dollars worth of market cap loss yesterday alone. that is more than the value of chevron today. that's more than the value of adobe today. anything