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avalara. i. i. i. right now inflation is coming down. we've made some progress, some good progress. feel good about that? it's still too high. the good news is the labor market has remained very strong. but it's a little bit of a double edged sword because the question in my mind is have we done enough to actually get inflation all the way back down to our 2% mark, or do we have to do more? minneapolis fed president neel kashkari there. and of course, that hot inflation in the us, not to mention hotter than expected economic data, all leading to market pressure. our next guest says the recent weakness in us stocks is actually overdue. let's bring in james dammert, cio at main street research. james, great to have you with us. how much is this an opportunity to actually re invest the pullback in us stocks? and are you putting more money into the markets now? hi, sherry. you know, this is an overdue pullback, without question. we think it turns into at least a normal correction. you know, the 8 to 12%

this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically.hhhh 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 ♪ ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ ♪ but everyone's looking at their phones for financial insights from merrill. is he hailing a ride to the concert hall? no. he's making sure his portfolio and retirement plans work in harmony. they want to adopt a child and build a new home. so they're talking numbers with their merrill adviser. she's not researching her next role. she's learning how to handle market ups and downs without the drama. personalized advice so impressive your money never stops working for you with merrill. a bank of america company.

avalara. we can calculate sales tax automatically. avalara. what if tax rates change? filing sales tax returns, business license guidance. cross-border sales item classification? does it connect with the. the first time you connected your godaddy website and your store was also the first time you realized, well, we can do anything cheesecake, cookies, the cookies, manage all your sales from one place with a partner that always puts you first. start today at godaddy.com. this is bloomberg markets. i'm jon erlichman with matt miller and matt taiwanese vice president lichinga is seeking to reassure voters that he's a steady set of hands as he campaigns to become the self-governed island's next leader. he spoke exclusively to bloomberg business week in his first interview with international media since becoming vice president. he told us about his plans for relations with mainland china. he also also with the us. we must abide by the truth, which is what i mean by pragmatism. it is that taiwan is already a sovereign, independent country called the republic of china. it's n

you automate sales tax with avalara. changing tax rates or filing returns. avalara. i. i. i. for over 25 years, lovesac has been rewriting the rules of comfort. it's okay to change your style. it's okay to change your mind. and to change things up, get messy, get immersed. with lovesac you make the rules betterhelp makes therapy accessible to all for a number of different reasons. sometimes people are looking for that relatability. they're looking for someone who looks like them being able to share parts of your identity with your therapist can be really important. 76% of 23 and health customers surveyed reported taking healthier actions because they know health isn't just a future state. health happens. now start your powered health journey today with personalized insights from 23 and me. all right, welcome back to shows last. what's four minutes before we head into the lunch break on shore? a glance across across some of the equity markets right now. we're looking at banks following the rate cuts, i guess in some cases

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxates, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh >> what i would expect them to do is reaffirm the commitment to the 2% inflation target and i think he would talk about living rates where they are but he will watch the data, especially for september cpi numbers. >> when you about monetary policy, this is what we have to do. we have to bring inflation down to 2%. >> some of our guests at jackson hole spoke exclusively with the bank of thailand governor. he is almost for policy indications and the new thai government. >> for us, our goal is to try to minimize the impact on thailand. we have even been trying to ensure that our buffers are quiet strong. i think we're are fairly well positioned in terms of managing if the fed will continue to hike or state higher for longer. that is what some people expect. if you look at the bar, yes, it has been quiet volatile as late. part of that revives not just what was happening with all these factors like united states and t

to avalara, we can calculate sales tax automatically. avalara what if tax rates change? filing sales tax returns, business license guidance, cross-border sales item classification? does it connect with the. time for talking tech? first up, tesla is adding new lower range iterations of the model s and model x to its lineup that costs $10,000 less than their previous base prices. plus, in beijing, the government will implement sweeping new regulations for artificial intelligence services. this week, with seven agencies taking responsibility for oversight. and finally, michael berry, scion asset management, exited its stakes in alibaba and jd.com in the second quarter. 13 f filings show the firm exited its positions in the chinese tech giants that had been the hedge fund's biggest holdings. caroline isn't that interesting? and as we were just talking about china, about the earnings coming up about well, some of the reticence, whether that pushback against regulation can begin to continue the grind higher in these stocks. let's talk to sonali basak, who's here to talk about.

thanks to avalara, we can calculate sales tax automatically.hhhhhh 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 ♪ (upbeat music) ♪ ( ♪ ) constant contact's advanced automation lets you send the right message at the right time, every time. ( ♪ ) constant contact. helping the small stand tall. the chase ink business premier card is made for sam who makes, everyday products, designed smarter. genius! like 2.5% cash back on purchases of $5,000 or more, so sam can make smart ideas, a brilliant reality! chase for business. make more of what's yours. . >> there are courts say lowest approval rating of any vice president i am curious how much if any do you fool of race and grnd play in that there are polls also say i have great approval rating i think the point that has to be made is that there are attempts to create distractions away from accomplishments of our administration. >> vi

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxes or filing returns. avalarahhh ahhh >> welcome to bloomberg markets. matt: let us take a quick check on the markets at this hour. it looks like we are hitting a session high on the s&p, as well as a session low on 10 year yields. buy price up, you'll down. we see the s&p 500 gaining 1.2%, being pushed up by tech stocks. 4400 40 the level and we are seeing the 10 year yield which had risen dramatically, 50 basis points in three or four sessions, now down 13 basis points today. 41977, essentially for 20 on the 10 year as investors by the bonds. u.s. dollar index off by a third of 1%. still a relatively high level. crude coming down, still below $80 a barrel. $79 30 one cents. amber? amber: it is a buy everything day except for some retailers, we are seeing big pain especially when it comes to footlocker. they came out with an abysmal quarter, sales plunging. they cut the forecast and are suspending their dividend. in part, they are blaming a rise in theft. on the flipside, this is affe

when you automate sales tax with avalara, you don't have to worry about things like changing tax ratesalarahhh ahhh >> that is sort of an unemployment with slowdown which is really what is going on and we could talk more about it but that is what is really going on. people are employed and spending money and the fed is trying to slow down the economy and it looks like we are reaching a pretty good equilibrium. kathleen: the bank of america ceo talking about the state of the u.s. economy. joining us to discuss the markets and the economy in more detail, how they connect, francis stacy. i want you to connect the dots for us. we just got the results from amazon. really good, they are selling a lot, updating facilities. apple, sagging iphone sales, services doing pretty well. one of your views is even though gdp and growth look really good, that you do not think that people are seeing decelerating things in the background. these very important reports, i don't want you to get into the details of it, but in terms of the message, the signal, how does your view mesh with that? frances: just l

this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically. 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 hi, i'm katie, i've lost 110 pounds on golo in just over a year. ahhhhhh golo is different than other programs i had been on because i was specifically looking for something that helped with insulin resistance. i had had conversations with my physician indicating that that was probably an issue that i was facing and making it more difficult for me to sustain weight loss. golo has been more sustainable. i can fit it into family life, i can make meals that the whole family will enjoy. it just works in everyday life as a mom. >> stock prices and bond prices heading for a fourth straight day of gains. i am romaine bostick. >> i am katie greifeld. we are looking at another day of gains on the s&p 500. the s&p 500 looking at .3%. nothing to write home about but positive nonetheless. big tech doing even

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxn certificates or filing returns. avalarahhh ahhh ahhh ahhh sleepovers just aren't what they used to be. a house full of screens? basically no hiccups? you guys have no idea how good you've got it. how old are you? like, 80? back in my day, it was scary stories and flashlights. we don't get scared. oh, really? mom can see your search history. that's what i thought. introducing the next generation 10g network. only from xfinity. when i first learned about my dupuytren's contracture, my physician referred me to a hand specialist. and i'm glad he did, because when i took the tabletop test, i couldn't lay my hand flat anymore. the first hand specialist i saw only offered surgery. so, i went to a second hand specialist who also offered nonsurgical options - which felt more right for me. so, what i'd say to other people with dupuytren's contracture is this: don't wait —find a hand specialist trained in nonsurgical options, today. i found mine at findahandspecialist.com. maria: welcome back f

thanks to avalara, we can calculate sales tax automatically.t 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 every business that's why comcast business de is launching theal. mobile made free event. with our business internet, new and existing customers can get one year of unlimited mobile for free. it's our best internet. powered by the next generation 10g network and with 99.9% reliability. plus one line of free mobile for an entire year. it's the mobile made free event-happening now. get started for just $39 a month. plus, ask how to get one free line of unlimited mobile. comcast business, powering possibilities. alix: about one hour into the trading session. tech outperforming and volume isn't terrible either. abigail: we have a rally on our hands, a risk on mood after a couple of down days for the s&p 500. investors liking the cpi report that is in line with what was expected.

when you automate sales tax with avalara, you don't have to worry about things like changing tax ratesption certificates or filing returns. avalarahhh ahhh ahhh ahhh shares have soared as tech companies sell up there intelligence. the market as a whole gone too far? joining me now is school of business finance professor better known as the dean of evaluation. thank you for coming on the show >> thanks for having me on. i would just like to ask you about the overall market. stocks about 15% this year. earnings are pretty much dead in the water. is it possible to say how you feel about the valuation of the market as a whole? >> it is a combination. just two weeks ago i was on cnbc everything was amazing. two weeks later, this has been the last year and a half. if the market overreaches then it corrects. to be honest i think i would prefer to be consistently wrong and never change course. >> also everything is dismal. let's turn to this. very happy about that stock. a really interesting way of looking at this. can you break down. >> we look at this. the business itself is mature. this is

. ♪ thanks to avalara, we can calculate sales tax automatically.hhhh 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 >> talks up, yields down, live from studio to abenberg headquarters in new york. sonali: we are kicking you off to the closing bell in the u.s. stocks are well in the green. bigger rise on the s&p then we have seen in the last couple of days. 1.2% higher. nasdaq, almost 1.9% gain. 10 year yields cooling. almost a nine basis point

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxng returns. avalarahhh ahhh every business that's why comcast business de is launching theal. mobile made free event. with our business internet, new and existing customers can get one year of unlimited mobile for free. it's our best internet. powered by the next generation 10g network and with 99.9% reliability. plus one line of free mobile for an entire year. it's the mobile made free event-happening now. get started for just $39 a month. plus, ask how to get one free line of unlimited mobile. comcast business, powering possibilities. >> stocks and bonds living to the end of april august. >> to your pointl,imping is correct. same goes for the nasdaq, up on the day and turns of gains we have seen in both indices, crude oil on the rise a little bit over the 80 handle, we have been 79 through 80 the past couple of days. look at the two year yield,

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thanks to avalara, we can calculate sales tax automatically.tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh i need it cool at night. you trying to ice me out of the bed? baby, only on game nights. you know you are retired right? am i? ya! save 50% on the sleep number limited edition smart bed. plus, 36 month financing on select smart beds. shop now only at sleep number. good tuesday mornings thanks very much for joining us this morning. i am maria bartiromo. it is tuesday, august 8 your top stories just before 8:00 a.m. on the east coast, today markets selling off, reversing gains yesterday after dow best since june take a look where we stand lows of the morning dow industrials down 218, nasdaq down 119, s&p 500 lower by 32. this after the nasdaq and s&p saw first gains in five days, markets on the move await key inflation data the july consumer price index on thursday producer price index out friday, oil prices big story th

. ♪ thanks to avalara, we can calculate sales tax automatically.larahhhhhh 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 76% of 23andme health customers surveyed reported taking healthier actions. ahhhhhh because they know health isn't just a future state. health happens now. start your dna-powered health journey today with personalized insights from 23andme. kailey: we are one hour into the u.s. trading session. abigail doolittle is tracking the moves. once again it feels like a day all about the bond markets. abigail: i would argue it is about some risk assets like stocks. the s&p and the nasdaq down. s&p down for three days in a row, same for the nasdaq 100. bonds selling off, the 10-year yield well above 4%. the vix, relating back to stocks, volatility on the rise with a 17 handle. i would argue the other big piece of the market story this week has to do with the bloomberg dol

♪ ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxling returns. avalarahhh ahhh ahhh ahhh goli, taste your goals. maria: welcome back. futures are mixed this morning, take a look. we're looking ahead to the july ppi number this morning, out in two hours time. the dow is up 11, nasdaq down 34 with the expectations for the ppi up two tenths of a percent month over month and year over year with a gain of seven tenths of a percent. the july producer price index will measure prices at the consumer level. it comes after a better than expected july consumer report yesterday. joining me now, adam turnquist. let's talk about what markets are looking for and expecting. what have you gleaned from the technicals you're focused on in terms of expectations for inflation? >> yeah, i think that this inflation theme continues to play out across the data, whether that's cpi that we witnessed yesterday, big driver of that was the shelter component. i think that was almost two thirds of yesterday's cpi report. we see that coming down, a big factor will b

. ♪♪ thanks to avalara, we can calculate sales tax automatically.rahhhhhh 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 ed: we are checking in on earnings movers out of china. the shares of some china tech names, pdd, topline growth six he 6%. way outperforming names like alibaba and jd but it is about timo, -- teemu, the business that came out with an ad in the super bowl. byd, double net income in the quarter. we already talked about how byd had a record with both plug-in hybrids and battery electric cars in the court -- and the courts have shown up on the bottom line in terms of profit. whiter than expect a quarterly loss, he different story in the ev case. an interesting one and the smartphone handset discussion, better-than-expected financial results. i think what they all have in common is we are getting more signals about the chinese economy and chinese consumer. joining us

when you automate sales tax with avalara, you don't have to worry about things like changing tax ratesr filing returns. avalarahhh ahhh alix: i did a quick check, the s&p down by 0.9%. the s&p evidently underperforming. look at the deterioration since we opened. a big part of that is what we are seeing in the bond market, the 10-year yield at the highest level since november. have to wonder if much of this is what we heard from fitch in the last when he for hours or an excuse to sell. positions were kind of moving to one side. euphoria was coming up a little bit. now, we are may be reversing a little bit of that. next, amd toppings second quarter estimates. that stock down. we will get the latest. this is bloomberg. ♪ like a smart coffee grinder, that orders fresh beans for you. oh, genius! for more breakthroughs like that- i need a breakthrough card. like ours! with 2.5% cash back on purchases of $5,000 or more. plus unlimited 2% cash back on all other purchases. and with greater spending potential, sam can keep making smart ideas- a brilliant reality! the ink business premier card fr

when you automate sales tax with avalara, you don't have to worry about things like changing tax ratesarahhh ahhh >> you have been involved in advising presidential candidates. >> it is the aggravation factor but i don't believe there is any integrity to it. >> to give more people a choice about where they can put their boat up -- voter support and political support. they should adopt the same position that the original founders that the average -- the black boxes had. do you have people in the white house ever asking for advice these days? i have a belief in business solutions to social problems. i'm not a big proponent of government handouts. i have never been in favor of government subsidies. i like the idea of government providing a pathway through regulatory freedom. and balance to allow companies to do that. there has to be some focus on economic benefits. i had members of the congressional black caucus to support something -- time it would give investors in that business is a tax preference if they would invest in these businesses. i was introduced to the legislation in baltimor

. ♪ thanks to avalara, we can calculate sales tax automatically.ates 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 fabulous surroundings... but everyone's looking at their phones for financial insights from merrill. is he hailing a ride to the concert hall? no. he's making sure his portfolio and retirement plans work in harmony. they want to adopt a child and build a new home. so they're talking numbers with their merrill adviser. she's not researching her next role. she's learning how to handle market ups and downs without the drama. personalized advice so impressive your money never stops working for you with merrill. a bank of america company. >> stocks attempt to recover from three weeks of losses while treasuries extend their selloff. katie: kicking you off to the closing bell here in the u.s., two hours ago and we do see stocks trying to close higher. the s&p 500 up 4/10 of a percent , coming

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. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxes or filing returns. avalarahhh ahhh sonali: this is "bloomberg markets". i'm sonali basak jon erlichman. paul taubman says any slogan is an opportunity to pick up new talent. that has helped him in the past decade. here's my interview with him from earlier today. paul: we see tremendous opportunity to grow. this is a conducive environment to grow. you need to see m&a slow down in order to hire the best m&a bankers. that is the ultimate paradox. the reason for that is because the switching costs are much lower when dealing with a low velocity environment. trying to get a best in class m&a banker to leave in the midst of an m&a bull run when there loaded with mandates, the costs to extract themselves, they leave their clients in the lurch. we are advantage of the fact that even though the environment is challenging in the near term, we know it is going to come back. we want to continue to press forward and grow the franchise. sonali: how fast do you actually expect acquisitions to be c

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax or filing returns. avalarahhh ahhh wow, you get to watch all your favorite stuff. it's to die for. and it's all right here. streaming was never this easy, you know. this is the way. you really went all out didn't you? um, it's called commitment. could you turn down the volume? here, you can try. get way more into what your into when you stream on the xfinity 10g network. it's an amazing thing when you show generosity of spirit to someone. and you want people to be saved and to have a better life, then you don't stop. we have been able to reach over 100 million people impacted and affected, and at risk of hiv. the rocket fund takes all of the work that we're doing, all over the world, and looks at the most effective ways, to get resources to them, to get services to them. the idea that we have saved five million people's lives, it's overwhelming. it's everything. >> a second down week for u.s. equities. i'm romaine bostick. >> i'm katie greifeld. about two hours to go to the closing be

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. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax or filing returns. avalarahhh ahhh sonali: this is bloomberg really yields. time for the final spread, the week ahead. coming out tuesday ahead of the meeting of gdp wednesday. thursday another round of jobless claims plus the pce deflator we will round out the week friday with the u.s. payrolls report. let's talk more about what that would look like. nonfarm payroll is expected to come in at 165,000 the unemployment rate will be steady at 3.5% and the participation rate will also be steady as well. the average hourly earnings month over month expected to cool slightly at three basis points of 1% higher. from new york, that does it for me, same time, same place next week and this was bloomberg real yield and this is bloomberg. ♪ my cpa told me i wouldn't qualify for the erc tax refund, so i called innovation refunds. their team of independent tax attorneys will work with your cpa to determine if your company is eligible. [whip sound] take the first step to see if your small business q

start for free at godaddy.com thanks to avalara, we can calculate sales tax automatically.ax 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 >> this is bloomberg markets pretty i am amber kenmore with alix. we are tracking below. this comes after the company says it will offer mortgages with dust a 1% down payment as it tries to attract homebuyers with the most unaffordable market in almost four decades. zillow hopes it will change the customer base with mortgage rates at a 22 year high. as a canadian, it sort of blows my mind. you can't get a house with less than 5% down. anything under 20% has to be insured. >> it blew my mind here. let's get to this. skyler olson. she joins us. i have to be honest. i see the headlines and i look at these worries of countrywide and why did you decide to do this? walk me through it. >> let's talk about the program. from home loans. it is 1% down from the perspective of a qualified or e

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing tax or filing returns. avalarahhh ahhh >> welcome to bloomberg markets. >> were going to get a quick check on the markets because we have s&p inching high year. it is a down week with s&p 500. for only up about 5/10 of 1%. in the nasdaq were also up eight has one person. i want to talk about the 10 year yield because the movement is there. a stunning 10 basis point drop.

when you automate sales tax with avalara, you don't have to worry about things like changing tax ratesling returns. avalarahhh ahhh amber: this is "bloomberg markets." i am amber kanwar with matt miller. bank stocks are underperforming the broader market as s&p global ratings downgraded a handful of lenders after a similar move by moody's. sonali basak joins us now. there wasn't anything materially new in these downgrades, but it seems like investors still don't like to hear about it. sonali: to the point you are making, we have seen significant downgrades by moody's, and the munis news was somewhat worse because you have seen firms placed on negative watch, whereas you have s&p saying there is a lot of stability on the most recent action. you have the kbw bank index down another 2.2% on the day, and if you see the banks that are moving the most, regions can financials, and zions. not all the banks have faced potential downgrades. s&p said zions in particular remains negative after the review. the uncertainty would weigh on the heels of these banks. remember also there is another thing

enroll now at your chm dot org when you automate sales tax with avalara, you don't have to worry abouts like changing tax rates or filing returns. avalarahhh ahhh sleepovers just aren't what they used to be. a house full of screens? basically no hiccups? you guys have no idea how good you've got it. how old are you? like, 80? back in my day, it was scary stories and flashlights. we don't get scared. oh, really? mom can see your search history. that's what i thought. introducing the next generation 10g network. only from xfinity. >> flying cars are becoming a reality such as joby, archer and lillian are the major players producing air taxis, small commercial airplanes to make shorter flights on demand, a story this week barron's, i bought a vehicle with tires for pavement, am i behind the times, or flying cars the new thing? >> the new kids are not flying cars or calling them ev cars, it's electric vertical takeoff and landing aircraft. , they are the new helicopter, they're better than a helicopter, they are cleaner, quieter and cheaper and they might be safer, what makes them possible

when you automate sales tax with avalara, you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh from the fox studios in new york city, this is maria bartiromo wall street. maria: welcome to the program that analyzes the week that was in helps position you for the week ahead. i am jackie. here for maria bartiromo. anna president moment in our nations history. president trump turning himself in in fulton county on thursday. he spoke to fox about the " uncomfortable experience". >> a travesty of justice. i did nothing wrong and everybody knows it. that goes for the other ones, too. what they are doing is election interference. they are trying to interfere with a an election. there is never been anything like it before. jackie: trump making a dramatic return to x to post his own mug shot. his campaign is now using it on t-shirts and mugs for fundraising. this is coming as the dust settles around the first gop debate. lasting -- who if anyone gained traction against the front runner donald trump. >> i have had enough already tonight of a guy who sou

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avalara. i. i. i. i. private market alternatives help you outperform the traditional portfolio by up to 40% meat yield streak. the leading private market investment platform with ten highly vetted asset classes, diverse defi with alternatives. open an account at yield street.com. this is bloomberg markets. you are looking at live pictures of the principal room sam tabor bit digital ceo joining bloomberg crypto. that's at 1 p.m. eastern, 6 p.m. london. this is bloomberg. so home depot stock still just a little positive. it's faded, but the earnings definitely beat kind of suggest that the home improvement story is still actually rolling and the company is, as a result, doing a little better than expected. max radchenko, td cowen, director of retail joining us now. max, great to see you. look, there was an expectation that we'd start to see a slowdown. yes, the long term structural story looks good, but maybe this quarter, maybe not so good. why is this company still able to deliver what it's delivered? yes

thanks to avalara, we can calculate sales tax automatically.larahhhhhh 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 haslinda: some more political stories we are following. donald trump has pleaded not guilty to charges he conspired to obstruct the 2020 presidential election and interfere with the voting rights of millions of americans. trump appeared in a washington court on thursday and remains free while the case's forward. his legal team says it is prepared to vigorously defend against the charges. thailand's parliament has canceled plans on friday to elect a prime minister. saying a new date will be set. the constitutional court will issue a ruling next month. the delay is still being -- still over concerns of a prolonged political stomach triggering a slump in stocks. rishaad: let's check in with the equity action. this is the hang seng. 7/10 of 1% up. we have a broad-ba

when you automate sales tax with avalara, you don't have to worry about things like changing tax ratesr filing returns. avalarahhh ahhh david: i'd like to talk a little bit more about als in a moment. let me talk about your background. where are you from? dan: i grew up in birmingham, michigan, a suburb of detroit. david: ok, and your father was? dan: my father was a lawyer who became the chief judge of the michigan court of appeals. david: and at what age did he contract als? dan: 66 years old. my mother, who was a psychologist, had just died of a rare neck cancer at 64 and literally within weeks of her dying, he started to show symptoms that would later be diagnosed as als. he started to limp, basically. david: you are at what age now? dan: today, i am 64. david: so about the same age as your father. dan: a little bit less. david: where did you go to college? dan: harvard. david: what did you study there and what did you want to be? dan: i did not know what i wanted to be. i studied government because i did not know anything better. but my biggest achievement in college was meeting m

thanks to avalara, we can calculate sales tax automatically.hhhh 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 providing for your family is a top priority. but what happens when you need affordable health care? christian health care ministries could save you up to 40% today. as a member, you can choose your provider without network restrictions. sign up at your convenience with our anytime enrollment. join a christian community that supports each other's medical expenses, offering peace of mind as you prioritize what's most important. enroll now at your chm dot org jack: i learned something about you this week carlton, you've actually attended a tupperware party. >> it was the '90s it was the thing to do. absolutely i have read a lot more interesting news for tupperware to stop over the last few weeks shares up over 800%. what is interesting about this this warm up didn't have

(we did it) start today at godaddy.com thanks to avalara, we can calculate sales tax automatically.es 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 wow, you get to watch all your favorite stuff. it's to die for.hhh and it's all right here. streaming was never this easy, you know. this is the way. you really went all out didn't you? um, it's called commitment. could you turn down the volume? here, you can try. get way more into what your into when you stream on the xfinity 10g network. >> it is almost 11:00 a.m. in singapore and shanghai. welcome to bloomberg markets: asia, i'm haslinda on in. >> i'm rishaad salamat in london. tema u.s. inflation reports build the case for a fed rate skip. alibaba gaining after a returned to revenue growth. the chinese market regular calls an urgent meeting over the property crisis. country garden is set to close below one hong kong dollar for the first time. as we look at the soaring prices of food

improvement of our business. en wh aute sales tax with avalara, about things 'y like changing tax rates, exemption certificates or filing returns. avalarahhh ahhh ahhh ahhh was also the first time you heard of a town named dinosaur, colorado. 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 fabulous surroundings... but everyone's looking at their phones for financial insights from merrill. is he hailing a ride to the concert hall? no. he's making sure his portfolio and retirement plans work in harmony. they want to adopt a child and build a new home. so they're talking numbers with their merrill adviser. she's not researching her next role. she's learning how to handle market ups and downs without the drama. personalized advice so impressive your money never stops working for you with merrill. a bank of america company. 76% of 23andme health customers surveyed reported taking healthier working foactions.th merrill. because they know health isn't just a future state. he

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thanks to avalara, we can calculate sales tax automatically.valarahhhhhh 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 this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. maria: welcome back here's a look at where markets ended the week with the u.s. credit agency downgraded earnings reports from amazon and apple raising concerns about the consumer and the july jobs report showed fewer than expected jobs added to the economy in the month of july. unemployment fell to 3.5% with wages on the rise up 4.4% on annualized basis, joining the forbes m

when you automate sales tax with avalara, you don't have to worry about things like changing tax rateshh ahhh jack: andrew, let me see if i got this right, johnson & johnson is splitting off its consumer health business can deal and investors can get it as a discount but there aren't enough shares to go around. you say the small fries have an advantage here? >> can view is been spot on shabbat by j&j and they are offering it to their holders at a 7% discount and expected to be strong demand from j&j shareholders to exchange in the loophole if your retail investment you by 99 shares or less and participate in the exchange offer on the can view stock, you can make a thousand dollars. the offer expires in the coming week is not guaranteed. you can read more on barron's.com. >> is this a ploy to get people to read your story. people already read your story. 99 shares i can do 99.99 like at the gas pump. thank you andrew. carlton, give us a stock. >> it is not tax season but i'm looking at h&r block, the stock had a pull back in may over the mixed earnings report in earnings that the irs is

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxr filing returns. avalarahhh ahhh was also the first time you heard of a town named dinosaur, colorado. 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 >> [indiscernible] trust companies in china under increasing pressure. we are told a run of the property sector could be around the corner. >> the real risk is that the confidence issue spreads into the financial sector and chinese people start to say, i would just feel better or not having my money in a trust company or in some other exotic investment products, i would rather have it in the banking sector or in a safe. if that happens, we will see more problems in companies who have issued investment products because many of those companies survive on the ability to renew and refinance products as they mature. if we suddenly have chinese people saying no, we are getting more conservative, we would rather put our mone

when you automate sales tax with avalara, you don't have to worry about things like changing tax ratesfiling returns. avalarahhh ahhh david: now, you have a fairly distinguished family. i would like you to talk about it for a moment. it has been written about. as i recall, your father was a physics professor and the head of the physics department at stanford. anne: correct. david: your mother is a distinguished educator and wrote a book about how to raise distinguished and accomplished children. anne: she sure did. [laughs] david: one of your sisters is an epidemiologist at university of california, professor. another sister runs youtube. anne: yeah. david: and then you are the founder of 23andme. so, what was it like growing up on the stanford campus with all this talent around you? anne: i think the best thing about how we grew up is we were surrounded by an academic culture of people who really prioritized education and learning but also really encouraged people to pursue their passions. so, what i love about all of my sisters -- like, susan and i happen to be in the higher-profile

. ♪ thanks to avalara, we can calculate sales tax automatically.ates 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 did you know you can get someone to shop for you? stitch fix really gets me and what i need. even better? they save me a trip to the mall. it's easy: i share my style, size and budget. and they do the shopping for me. stitch fix sends me things that fit and make me feel like a more stylish version of myself. i keep what works, and send back the rest. no subscription required. no commitment. just my style. stitch fix. rishaad: the hang seng down 1.1%. the tech side of things responsible for some of this fallback taking place. china equities flat. we are looking at unusual volumes, hstech up 1.7%. let's have a at ubs. it revamps the leadership of its investment banking unit. it is merging with chris weise and our reporter has more. reporter: this is a long-awaited reorganization plan and

. ♪ when you automate sales tax with avalara, you don't have to worry about things like changing taxhe first time you heard of a town named dinosaur, colorado. 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 yvonne: we are continuing to watch property developers in china this morning, still looking for some sign from country garden on whether they did make coupon payments. we are seeing a downpour -- downside of 2.6%. user group also down 6%. banks faltering. seeing a little bit of that in the region. this is bloomberg. ♪ wow, you get to watch all your favorite stuff. it's to die for. and it's all right here. streaming was never this easy, you know. this is the way. you really went all out didn't you? um, it's called commitment. could you turn down the volume? here, you can try. get way more into what your into when you stream on the xfinity 10g network. rishaad: having a look at what is going on in thailand. headlines coming out of the bank of thailand. they are c