i think it is a really fascinating column, i hope everyone goes and checks it out on the bloomberg terminalller, this is bloomberg. ♪ i don't want you to move. i'm gonna miss you so much. you realize we'll have internet waiting for us at the new place, right? oh, we know. we just like making a scene. transferring your services has never been easier. get connected on the day of your move with the xfinity app. can i sleep over at your new place? can katie sleep over tonight? sure, honey! this generation is so dramatic! move with the 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. romaine: cautious optimism to start the week. we are kicking you off

dani: i can't take screenshots of bloomberg terminal's and put them into threads because there is nop app. when that happens i will be a full user of it. alex, what have you seen in terms of data that would suggest this is a success? >> the 70 million that mark zuckerberg says have signed up. it is clearly big. twitter has on the order of 240 million as of july 2022, the most recent data we have. if those 70 million are the power users of twitter. some of them are just ported over from instagram so they are not necessarily taking the core twitter base. 25% of twitter users generate 95% of content. that's the concern for elon musk. at the moment, i say they will do both. at the moment, mark zuckerberg has said they will not think about ads until they get to a billion users. that suggests he is as much about taking out twitter as boosting their own business. dani: that is bizarre to think we are fighting over a twitter replacement when the world to some degree has moved on. we have moved on to things like tiktok. it is all about videos and pictures, which twitter is not. >> there is a

climate solutions is the focus today's big take would to contact out on the bloomberg terminal.talked to the ceo of pg&e as the state hurtles toward the height of wildfire season. >> there is infrastructure technology and deploying tools to make sure every minute we spend doing work we are doing it in a smarter way there we are getting smarter every day and that will lower the unit cost of doing the undergrounding which is the heart of the plan. if enabled we can dispatch back to the grid the power plants. i say put the power where the people are. these can be mobile powergenerating units that optimize using the right technology and we can have a modernized rid that diminishes the peak and utilizes energy in the middle of the date when we have access because of ott's of solar on the system here and we can lower the unit cost as we did carbonized the economy. that is possible with the right technology underpinning this transformation. jon: that was the ceo of pg&e. we are worried about the fragility of the grids, especially as we get record high temperatures and we all want to pl

you can see some of the guests sonali talk to and read her piece on the bloomberg terminal can but iset your dvr for 8:30 p.m. friday night. for amber kanwar, i'm matt miller. this is bloomberg. ♪ 76% of 23andme health customers surveyed reported taking healthier actions. 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. >> a couple of big tech names disappoint, halting the nasdaq's advanced. i am scarlet fu. katie: i am katie vogt -- katie greifeld. we are looking at a down day in markets across asset classes. you can really see that in the nasdaq 100, the big tech benchmark down by 1.6% near its lows of the session and we will see how that evolves over the next two hours and i want to highlight the philadelphia

let's go into the bloomberg terminal. it is not a long chart. it is arithmetic. it does not scale. the tech bubble and that is why make the point so this is the tech bubble and this is what we are looking at, if we look at it in --lob art, it would be-pol little bit higher omre ot tt akbee it s ttrn s. cod tn to serious itoud be at 2024 event. etoud be at 2024 event. had athhis and that didn't hpeng with the markets and cuts and keeping ad c13 cuts andpy.6 ing ad c13 message that is embedded in the fact that saudi arabia and russia are going to be extending these voluntary cuts. christyan: i think we have had several attempts by media to poison opec in the context of unity and coherence. what this measure is focused on the fact that unity is as good as it can be. you have record cuts by the two largest producers, the fact that russia has come in to cut through -- the counter season, tells you the reliance of opec plus is strong but moreover, what is saudi arabia trying to achieve is mitigating downside volatility and not trying to protect a price that the market wishes there was a

if you type up any equity on the bloomberg terminal, you will see a five-year view. i put in morgan stanley is rivals, jp morgan, goldman sachs, wells fargo, bank of america, citi and morgan stanley has outperformed all of them over a five-year period. they are doing much better in the long run than any other banks so far over the last five years. i thought that was very interesting that they continue to outperform. amber: it absolutely is. they had a message five years ago going back focusing on wealth management and they delivered her this is an interesting set up for goldman sachs because have gotten disparate views of what the capital markets look like. at morgan stanley and bank of america offering very different pictures. it will be interesting what this means for goldman come tomorrow. another stock we are watching is shares of microsoft, a record high after unveiling new pricing strategy for their ai offerings. they are also nearing the finish line when it comes to the big activision deal. or on what this means for the stock when we come back -- more on what

for those at the bloomberg terminal, this is one of the reasons why you have a terminal.e have a whisper number. coming from 260,000. that is a tight arvest number and is nowhere near what chairman powell wants. jonathan: no, and that is why it is what the chairman is worried about. post-covid, strong demand for air travel, hotels and restaurants. during the pandemic, high-yield making them less vulnerable to high interest rate. we discussed 20 minutes ago, u.s. households with a 30 year mortgage, high mortgage rates for home buyers are holding back supply of homes. just a couple points as to why it is taking a long time to slow the economy down. tom: right now christopher, co-cio at go billion funds -- gavelli funds. my partner is paul sweeney at 9:00. we did not have mohamed el-erian here with us today. i will go to the heart of mario good billion. for our viewers and listeners, we can feel at home that the industry is in total chaos. can the media business as a generalization wind a new profitability? >> the short answer is yes. this is a business transition that has b

more on this story and the day's trading on our blog on the bloomberg terminal. you can get a market run down in one click and commentary and analysis from bloomberg's expert editors and find out what has been affecting her money. the eu says beijing has postponed next week's planned visit by its top diplomat and stephen engle is in beijing and why? that is the question. what do we know? [inaudible] >> you had to ask me that question. i did not know quite and there was no reason given why they canceled or postponed the visit due to begin on monday by the top foreign affairs official in the eu, joseph burrell, and again the european union officials saying he was due to meet with his counterpart, the foreign minister, in beijing and they were going to talk about strategic issues and export controls as well as the war in ukraine and other issues as beijing is trying to persuade europe to take a less hawkish stance than the u.s. on some of these issues. and of course there are divisions in the eu block how to respond to moscow and beijing and the efforts by the united

>> if you look at the onshore listings, we look at the table on bloomberg terminal.he top 20 banks working on onshore ipos are chinese banks. for years, the foreign base have been trying to make this into this market. here is of a chance for them. this is a great chance for the foreign banks. from europe and the middle east. they have the cash. let us in. i think that is quaint important for those. >> it is big enough for everybody here. you talked about sovereign funds. you are talking about that group of investors potentially were dissipating. can you tell us a little bit more about which banks are approaching who? >> we don't have that many details. i think each bank probably has their own strength. we can help you on that. we will probably have more details down the road. question ipo that is four years in the making. thank you. more corporate news right now. bloomberg has learned that nelson choi is planning to leave the company. he has one of them of his intention to move on. in a statement, huber said they would not comment on the executive career decision. sh

the bloomberg terminal, the dollar index, here's that range.o look at it with a flat bottom so it is hitting down. rsi every time it is hit oversold territory around 30, the index is flattened or more likely has gone higher. we are basically at those levels, suggesting today's decline, three-day decline for the dollar, the worst since january, it may moderate and we may see strength of the dollar ahead. if that were to occur, that would give us a clue on the range we are seeing for the mega cap tech stocks. this range has been developing over the last year. for the s&p and the nasdaq, these ranges have started to break out to the upside. are those false initial reactors cheerful to the cpi data? do the big tech investors have it right? we don't know yet. guy: thank you. interesting charts on the dollar. talking of not knowing yet, goldman sachs. this bank trying to under impressed. the wall street giant downplaying expectations of next week's earnings. we've had disappointments. they desperately want to avoid a third. this is bloomberg. ♪ conve

you can go to da why be go on your bloomberg terminal. coming up, more volatility likely lies ahead. we look at this week's rate decisions from the reserve bank of australia and the bank of england. and we also discussed stress tests for banks. we speak to the european banking authority chairman. stay with us. this is bloomberg. ♪ >> it is certainly possible that we would raise funds again it a september meeting the data warranted it. >> we have an open mind as to what the decisions will be in september and subsequent meetings. >> i want to stress that the decision today to tweak the ycc is not a step towards normalization. the aim is to enhance the sustainability of the monetary easing. lizzy: jerome powell, christine lagarde and others speaking about the policy announcements last week which was the focus for global markets. more volatility likely lies ahead. more decisions from the rba and the bank of england this week as well as key reports from u.s. manufacturing and jobs. we are joined by garfield reynolds to take us through what we

on the bloomberg terminal, it is interesting to note that at this point we have the two-year pc wellk the target rate and cpi is way below. maybe that is a feather in the cap kailey:? great shirt. -- charge. there are still earnings stories that have yet to come out. meda, ebay and mattel will be reporting. the big one is the fed decision. the fed is expected to hike by 25 basis points. the questions surround what comes after that. here's morgan stanley's chief economist. >> this is a boardroom of folks who disagree. what are the disagreements? how many more lags of policy have to come through the impact the economy? how much will inflation come down further? you have got hawks and doves that have two different opinions about where this should go. views are all over the place and that leads to policy paralysis. kailey: michael mckee is joining us now. mike, it seems like it is going to be difficult for him to navigate. even if the were done, he cannot say that. and he is trying to speak for a committee that seems divided. mike: if you not have a lot to say, do not say it. probably hi

if we go into the bloomberg terminal, this is an interesting relationship.here is the s&p 500 in blue and in white d10 year yield. the 10 year yield, at about 4% or so to the s&p 500, it is a forward pe off of next year's turning number. the s&p 500 was trading closer 2:16 state last year we had that kind of yield. heading earnings season, because these companies do not report for another couple of weeks, we could continue to see sums selling. meta-earlier had been up about 2% or so. this is the record in terms of 100 million users in a record period of time creating this competition with twitter. we do not have a stock trading for twitter. tesla is maybe some kind of proxy. i am not sure. possibility of a legal battle between these companies. rivian up nine days in a row. off of its highest at this point, but on the possibility that this is a life, it is up nearly 100% in nine days. guy: it is amazing, the volatility. ed ludlow talking about that earlier. no surprise we are talking about meta-. nobody is surprised. after being such a huge instagram fan end-

matt: when you say they are stretched for resources, i look at the financial analytics on the bloomberg terminalnd saw they had 169 billion dollars in cash and equivalents last year. is there any chance they will start pouring some of that money into this? mark: there's a possibility. one thing about apple that people miss is there acquisition strategy. everyone knows that apple doesn't make blockbuster acquisitions, they are not buying disney, not buying openai, or any of these gigantic companies. we know that. a lot of people think they don't want to spend the money. the truth is that apple has a terrible history of technology openai,transfers and technology integration, wringing people from outside cultures and companies. the beats transition, they spent $3 billion on that. that remains their biggest acquisition to date. very challenging integrating them into apple. they bought intel's modem team. they bought them three or four years ago for a billion dollars. that was a challenge. upping their ai will need to come from internal hires but also smaller acquisitions than anything on the blockbu

check out all of that by going to dayb on the bloomberg terminal. you can see we have lots of earnings this morning. today, 11 more companies reporting on the s&p 500, 40 and stoxx 600 and we can bring you those right now. let's start with bbva, the spanish bank. it has reported second-quarter net income of 2.0 3 billion euros, beating estimates. it also got tier one capital ratios of 13%, slightly lower than estimates there. it is buying back up to one billion euros of shares because of this profit jump. yesterday, bbva named the new ceo, a 20 year veteran of the bank. has been caught in the headwinds of the ecb rate cycle drawing to a close and political uncertainty in spain which raises questions about the bank levy there. the shares are up almost 30% year to date. let's stick with spanish banks but move to barcelona because we have bank earnings from caixabank. net income of 1.2 8 billion euros in the second quarter, beating estimates of 1.4 billion. the bank plans to start a new 500 million euro share buyback net interest income also. we will h

for more of the top stories that you need to know, and go dayb on your bloomberg terminal.hat is the daybreak page, leading with that cyberattack i mentioned today. coming up on the program, the strengthens through 1.40 as bulls bet on a boj pivot later this month. we will talk about that, next. this is bloomberg. ♪ ♪ dani: welcome back to "bloomberg daybreak: europe." it is time for your weekly dose of boj speculation. let me show you what the yen has been doing over the past few days. dollar versus the yen. this thing has been beat up this year, but look at the very end of the chart. yan strengthening -- yen strengthening through 140 per dollar, its 50 day of strengthening. what is driving this -- it's fifth day of strengthening. what is driving this? isn't preparing for what may be a live boj -- is it preparing for what may be a live boj session? what do you make of the yen strength now? >> we've got over two weeks to go and the speculation is reaching fever pitch already so it's going to be a fun time over the next few days. people were already getting a little bit exci

going into the bloomberg terminal, this is a piece of yesterday's chart together with the s&p 500 andsee the dollar index in blue, basically this year down, s&p 500 is up. the real inverse relationship because we have had yields all over the map. what i want to point out again, though, rsi is officially oversold, the other times it's gotten close to oversold we have seen a decent rally for the bloomberg dollar index. if the chart holds it suggests we will see a bounce in the dollar index meaning that we see a bit of a pullback at least in stocks. guy: fascinating because we are going into earnings season as well and we will have to fall into those early indications. delta, pepsico, really strong today. what about the banks? they are going to set the tone starting tomorrow. starting the second quarter earnings. we get morgan, citi, wells. setting it all up for us, betty, head of diversified finance research. the investment relations teams have been doing a great job in lowering expectations. how low is the bar going into this earnings season? >> great question, thanks for having me. i

are few people who really move the needle more in terms of the attention, particularly on the bloomberg terminalf rbc asset management, he has a call that these markets are pricing into many hikes in the u.k.. from the boe, we are going to get his views on why he thinks that's going to unfold and why he is taking the position in short dated gilts. the other question we are looking at is the tumult unfolding when it comes to thames water usage. there is political controversy, it is a major utility. the dominant player supplying water to london and of course it faces potential nationalization. we will be speaking to the u.k.'s former business secretary, someone who has very strong opinions on the privatization of some of the uk's utilities, but also the role of private equity as well. >> talk to me about luminaire in france, what are you getting on that front? >> you have this big event unfolding in paris around a lobby group to try to build out the view in the footprint that paris now has as a financial hub. at the same time you can see the pictures on the screen, these protests have rippled acro

dani: a little off-topic, but one of the most relying -- reliable things about bloomberg terminal audiencesrticle is going to be about secondhand watches. rolex prices, secondhand prices, are going to be falling on elevated supply. i'm looking at lvmh's results when it comes to julie and watches. it grew 13% in the first half of 2023. can we take a cue from the secondhand market? is that going to spell trouble for new watches, jewelry? swetha: the secondhand market in watches is quite specific. that dynamic applies particularly to the supply constraint. those made by rolex, all of whom are in private hands. i don't necessarily read directly from them onto lvmh, other than to get a read for the watches segment overall, which remains in good health, if not the billions we saw, for example, when we first exited the pandemic-related lockdowns. kailey: swetha ramachandran, thank you for joining us with real-time instant analysis. we have those earnings behind us, but investors are awaiting other earnings from microsoft and alphabet after the bell today. we will take a look at the key things to w

definitely critical for investors or anybody to know because let's say you're trading off your bloomberg terminalai-generated news. now, these information and pieces are more prone to making up facts if you trade off false facts, that's costly to your business that's critical. so then there's an incentive for people to know the truth not just a moral incentive but also a business sense as well. >> so what is your moat, what is your vision for what the core i.p. is for gptzero? i mean, this is a tool, it's gotten popularity, but how are you thinking about the way you want to build the company on top of and beyond that >> yeah. well, what we have now is integration everywhere in terms of we work with microsoft to integrate into microsoft word, we're -- we have an extension to be able to detect texts that you consume on the web, on your e-mails. but the future is not just the detection side what we're building is a live tool for people to prove that they wrote something and verify that they wrote something. and a tool for frankly the future a lot of people are using ai to write, but instead of just

but the economic data, cpi dropping across the bloomberg terminal.e waiting for the numbers to come down and we are expecting a change in the overall headline number that would look good and here's number that comes in better than expected and that is the over the cpi court, --core, up by 2/10. the expectation was for three and it was for nass -- last month and that -- the forecast was for 5% and for the headline basis, we get to tenths mood -- move and that brings it down to a 3% year-over-year number and that -- the numbers will be the lowest since the pandemic and the lowest we have seen in about 2.5 or three years. good news but we want to warn everyone. this is transitory -- a transitory situation. food up only one tent -- one tent --1/10, and energy prices up 6/10. all of these numbers are in spite of arise of energy prices, gasoline fell. in terms of used cars and drugs, they are down 5/10 on the month and year-over-year basis, down 5.2% to a quick turnaround in used car prices. apparel prices up to tenths. --2/10. i will get you numbers on re

you can look at that in the bloomberg terminal. the des screen. smart people like mark gurman are looking -- and this is something absolutely new for natural tv and radio -- they are actually looking at their business plans. it is the business plan of tesla? could you see jon ferro in a tesla -- what is it called, a cyber truck? jonathan: yeah. tom: when will it make money? jonathan: they are going to get rolled out in the next 18 months. a huge demand for them, tom. massive. they look equal. you don't think they look pretty cool? i remember when they were first rolled out. do you remember that demo? they threw the rock through the window, and everybody laughed about it. tom: i think david ricardo has ordered one. jonathan: david? would you like to do the promo? tom: no, you do it, you will get it right. jonathan: 6:45 eastern time, about 42 minutes from now. still part of red bull, but he is going to scuderia alphatauri for the rest of the season. he was doing this tire testing with daniel over at silver stern in the red bull, and within 11 laps

these sources are telling bloomberg news in this group that we have hitting the bloomberg terminal thatcurbs on investment into chinese quantum computing, ai and semiconductors , will be narrowly focused on the cutting edge technologies and will be only on new investments going forward. it would not take effect as well until next year because of the bureaucracy as i said. this new executive order would possibly put into place the screening and possibly prohibit investment into these industries that are deemed to be national security threats. that is something janet yellen in that interview with annmarie hordern did touch on. these new curbs are going to be narrow in focus and would not necessarily have a broad impact on investment by american companies into china according to her estimation. >> secretary yellen seeking to de-escalate tensions. stephen engle joining us from hong kong. let's hear from the treasury secretary directly. she spoke exclusively with bloomberg tv from the sidelines of the g20 finance ministers meeting in india. >> on tariffs, you know, we put tariffs in place on

great reporting coming from bloomberg, the terminal saying prime date is not do what it used to be.hen i first launched, -- when it first launched, it was great but now it has seemed to fade. this all-new ariya is an elegant ev. yeah, with 389 horsepower. ♪♪ and all-wheel drive. ♪♪ it's beautiful. it's a beast. it's electric. with an edge. oh, let's go with that. ♪♪ you've been a real rock star. rock star? what do you know about rock stars? billy idol? i mean where's the skin-tight leather? my shoes are leather. where's the unnecessary zippers? that thing! billy, rock star is just how doug feels when he uses workday. thanks, rory. i'll show you rock star! be a finance and hr rock star. workday. for a changing world. billy idol just stole your golf cart! ed: time talking technology, alibaba is paying the price for the class with china, it is paying a fine, it is signaling a regulatory crackdown, alibaba and others have lost $850 billion in value since 2020, with alibaba's market value off of its peak according to data compiled by bloomberg. foxconn has determined it will not move for

i didn't know these numbers when i went to the bloomberg terminal. this is the two-year return, 24 months annualized. standard import is up per year and the dow is up 1.9 percent per year and the nasdaq this 3% per year. that former jermaine then navelgazing 100 ac -- 180 days. cameron: that is part of what we saw in the tech stocks, as we start to see these stocks rebound, a lot have rebounded past trend in that shows you you are starting to see improvement in the trend but we did have oversold conditions. tom: views and listeners have a long-term perspective and we are all focused on six months right now. it doesn't show the single digitness of the post-pandemic year. katie: the sent to these numbers. i was looking at the median forecast for what will happen to the s&p 500 by year end. the median forecast is 4100. we closed at 4450 on friday. you think about 350 point drop. does that seem realistic to you? cameron: it could be if you see the whites of the eyes of a recession showing up. if you have earnings resiliency then maybe it doesn't like som

i have something i have never seen in 30 years of dealing with the bloomberg terminal.la with a headwind or than the drama of last year. ethics is getting more stable off of the dollar. but at the revenue line, unit case volume of 0%. the headline after says organic revenue growth is being modeled at plus eight, plus 9%. i have never seen that spread between zero percent and an eight percent view of the future. can companies raise into this inflation cycle? do they keep raising prices, or does that in some point? >> people see this bifurcation with companies. the companies that have the brand and pricing power will continue to creep in on these prices. it is likely to be one of the out performers. if you are a smaller company, as inflation is coming down, you'll find it more and more difficult. taking that big macro view, we need to start thinking about the quality. whatever your view is, if you believe inflation is coming down , that has to be part of your strategy. tom: did they see value in international investment right now? the great zombie rollup. that is implied

tom: there's been a quick move and this is something huge advantage of bloomberg terminal, you look atde-weighted indices. you look at the two major indices, traditional dxy, wonderful math a bloomberg dollar index. which pair wins? it is a raging debate into the weekend. jonathan: favorite tweet, sam rowe, love sam stub. when you ignore all the positive things, things look really bad. tom: sam is someone people underestimate. this guy is a bulletproof cfa. he keeps the smartness under his cuff. he says wise things at the right time. jonathan: coming up shortly, potentially the next 20 minutes, earnings from jp morgan as we officially kick off earnings season on wall street. from there, it is onto wells fargo and safety and then into next week, bank of america, morgan stanley, and goldman sachs. ♪ jonathan: left new york city, good morning created wall street earnings around the corner. jp morgan in the next 15 minutes. s&p 500 four day winning streak. equities softer come up every single day this week. monday through thursday. nasdaq down .1%. on the week, treasuries rallying hard. tw

you can do this on the bluebird terminal -- on the bloomberg terminal take brent crude and we are writingns. i didn't realize how low we got in june and we are enjoying $86 per barrel right now. that extrapolation, we are on the plane to jackson hole at $90 barrel perhaps. that's where we are. right now, we are going to have the correct question for you to be briefed in august on the pacific rim and what's going on in japan. the global head of currency strategy at brown brothers harriman is with us. thoughts on the ramifications 12 times -- 12 time zones away. let me start with china, what does it mean for china if eventually in japan, i have yield up price down? >> it's not what china has to think about but around the world, they have to get accustomed to sopping up japanese funds. you go chasing it in emerging markets and china. we are in that pivot point where all of a sudden japanese rates will start going up. if it rises as quickly as many would hope, they are taking it cautiously. not a huge jump in yields in a turnaround and capital flows but at the margin, i think we will see more

and so create a more stable supply of computer to that was sense political terminal in east asia . bloomberg report says the government is in the final stage of negotiations with t s. m. c to set up a manufacturing plant in germany. let's bring in dw type a bureau, chief to, to hon. now, as to how concrete are these plans between taiwanese trip makers, kids, m, c, in the german government to build a facility here in germany. swell marie from the sources. we have to use empties investment in a 12 inch wafer 5 in the crass than in the process of finalizing negotiations with the german government. ts mc could get up to $5000000000.00 euros and subsidies from the total $20000000000.00 euros and subsidies to related companies. the german government will allocate grants from the climate and transformation funds to german local and international enterprises in 2027th. the main purpose is to promote german semiconductor manufacturing and ensure the supply of key components in times of pricing, geo political tensions. right, so even looking beyond germany, t s m c has been moving parts of industry ab

tom: we have her jonathan ferro talking about yields at the bloomberg terminal and london in the citycan economy perseveres. jonathan: if you look at the surprise indexes in the u.k. and u.s., positive surprise to economic data reintroducing the conversation about higher interest rates and inflation not coming down fast enough in places like the kate you have to go back to early march. you start to hear about banks we do not often talk about like svb . people start discussing the banking crisis. we have fro bank failures playing out before our eyes and people say that is done, we will have a credit crunch, and this is the beginning of a process. that is what the conversation was at the beginning of march. here we are several months later with a two-year yield short of 5%. tom: a 30 year bankrate mortgage goes right out, pops up like a 7.05% of 27.1%. you get to the data quickly or get to the data -- two dominic konstam. the summary is what ed hyman said of evercore isi. he has never been this negative on the economy. that is a huge statement. jonathan: s&p -0.5%. a touch softer. yield

terminal. this is bloomberg. ♪ katie: i'm katie greifeld and this is "bloomberg real yield."e for the final spread, the week ahead. coming up, the nasdaq rebalancing monday. tuesday tech earnings. wednesday is the fed rate decision, then the ecb on thursday, then the doj on friday. this is bloomberg. ♪ wait. can i still play? since we work with emower, we don't have to worry about planning for a third kid. you can still play golf... sometimes. take control of your financial future to empower what's next. 76% of 23andme health customers surveyed reported taking healthier actions. take control of your financial future 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. t possible. - with going, i get really, really good flight deals all over the world. - anytime, like now. kids, time to go! - where are you going? sign up for free at going.com. >> welcome to bloomberg markets. >> let's get a quick check of what's going on on the markets. continue gains on that's -- s&p 500. d

terminal subscribers you can go to dayb . coming up on the program, the bloomberg dollar spot index moves to a 15-month low. we dig further into the path ahead for the greenback and u.s. rates next. on bloomberg. ♪ dani: our next guest might kill me for this, but today's show is brought to you by the letter d, it is the dollar doldrums brought about by disinflation. the dollar since that cpi reading fell to its lowest level in 15 months as bets ramped up that the fed would be one and done. one more rate hike and they are finished with his friend of cooler inflation in place. but this is something hedge funds really seemed like they were ready to pounce on. the latest cftc data showed that hedge were net short the dollar in the latest reading. that's the first time since march. joining us is someone with another letter d, it is david finnerty from the bloomberg markets team. thanks for sitting patiently through that. what do you make of this? is this wound of the greenback the overriding trade for the second half of this year? david: a lot of people would definitely

one of the most interesting articles i've have read on the bloomberg terminal relates to the problemsvely to the real economy. in theory you raise interest rates and that hits demand. that is how these things are meant to work. the problem is in the u.k. there are people who have no mortgage, so you raise interest rates and they benefit from savings. a lot of people on fixed-rate mortgages and not feeling the effects of the monetary policy. the later will probably change. by raising interest rates are you in a weird way tribe and demand, which is ultimately not what the bank of england is looking for. let's get into this conversation. philip audrey co-authored that piece. this is weird. this is not how this is meant to work. in this country and a people have enough savings post-pandemic. enough people do not have mortgages that net-net savers are getting more. the benefit to savers is significantly greater in those being hit by mortgage rises. philip: it was partly to do with the fact you have a lot of owner occupied houses with no mortgages. also to do with the fact there are so many

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bloomberg analyst, it is the yen, not the yuan, that threatens stability. the yen's persistent weakness disrupts the model in asia. you can read the rest of his analysis in his macroman column in the terminalis is for bloomberg subscribers only. haidi: i want to get a bit more analysis on that with sean callow, senior currency strategist at westpac, joining us in sydney. great to have you as always. when it comes to the yen, 145 is where we have typically seen intervention. the differentials this time around, does it make it harder for any type of intervention to have long-lasting effects? sean: certainly verbal intervention. last september, q4 last year, we heard a lot from them and they delivered on it. i must say if you had asked me this time last year, i would have said, what is the point. but they did. they are willing to act, i guess, when they think things are very lopsided. they should know that this is an unusually strong differential. it is probably not going to turn around too soon in terms of the bank of japan's own monetary policy, doesn't sound like they are likely to change it in july. so long as they are doing that and the fed is maintaining its tight policy higher for long

the bloomberg subscribers go to dayb on their terminal on the bloomberg anywhere at.ettings so you get the news on the industries had i sense that matter to you. -- and assets that matter to you. this is bloomberg. ♪ 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 chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com haidi: elon musk tweeted over the weekend that twitter is getting rid of its bloomberg logo, possibly the brand itself. su keenan joins us. i have a bit of affection for the bloomberg. it is to be replaced by an x. >> you are not alone, fans and former employees surprised that we came out this weekend, there will be no more birds going forward. the x will take its place and possibly a change in the company going forward. musk has made it clear he has never been a fan of the iconic smiling bloomberg logo, he said they should have change it along to on the go. quote, we are cutti

bloomberg subscribers can go to dayb on your terminals. in the bloomberg anywhere app. you can customize those settings as you get the news on the industries and assets that matter most to you. this is bloomberg. ♪ 76% of 23andme health customers surveyed reported taking healthier actions. more exercise. eating healthier. and simply getting more sleep. because they know health isn't just a future state. health happens now. with over 150 personalized genetic reports from 23andme you can start your dna-powered health journey today. old school wisdom, with a passion for what's possible. that's what you get from the morgan stanley client experience. you get listening more than talking, and a personalized plan built on insights and innovative technology. you get grit, vision, and the creativity to guide you through a changing world. ♪ shery: citigroup says the longest slump in investment banking industry has ever seen is beginning te's. cities global market ceo told us exclusively about the outlook for the banks trading operations. >> we have to

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bloomberg subscribers go to dayb on your terminals, also available in the mobile on your bloombergngs so you only get news on the industries and assets that you care about. this is bloomberg. ♪ shery: we are watching extreme weather around the world, korean officials say 39 people have been killed in flooding and landslides. let's get more details in seoul. al that is the situation right now? >> sure, among the 39 dead people 13 were forming in a northern province, and we saw about 15 vehicles including a bus were trapped in an underground pass, and when i saw the video clip by local residents, they are showing the tunnel was quickly flooded after a nearby river overflowed, and rescuers are still working on finding bodies. they are looking for more bodies and also using equipment and pulling up vehicles in the pass. haidi: what is been the government's reaction so far? >> the south korean prime minister is in a meeting. he organized rescue activities. we did not have news on friday and saturday because yoon just returned to the country after the nato summit, so the point is officia

at 8 million tons, and it is declining due to the termination of the grain deal half, which will cost kiev about $ 800 million such data lead bloombergto compensate for them planned and due to an agreement with turkey and pleas to escort ukrainian tankers by nato ships, but no one wants to risk negotiations. the termination of the black sea grain initiative will entail a number of consequences, including rising global food prices , hunger in some regions and new waves of migration. we will not hesitate to take the lead in preventing this, we will use all the tools of diplomacy and focus all our efforts on this issue. i believe that we will ensure the continuation of the black sea grain initiative without delaying this process, what is left of it? how to transfer all supplies from the sea to rails, in particular, send grain under the danube to the romanian port of constanta, but here nature itself seems to be playing against the kiev regime. the abnormal heat in europe has led to a drought. the danube has become shallow; passage along the river is difficult. what does the line of ships say about the export of wheat, by land against wh

bloomberg technology." do not forget to check out our podcast, on the terminal. also go online on apple, spotify, i hard. k and from new jersey then as well, this is bloomberg technology. have a wonderful weekend. ♪ 76% of 23andme health customers surveyed reported taking healthier actions. 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. ♪ ♪ 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? ♪ ♪ >> from new york city for our viewers worldwide, i am katie greifeld and "bloomberg real yield" starts now. coming up, barreling into a triple header of central bank meetings with inflation cooling around the globe. all as

stories you need to know to get your day going in today's edition of daybreak, bloomberg subscribers go to dayb on their terminalslable on mobile in the bloomberg anywhere app, and, you can customize your settings and only get news on industries and assets that you truly care about. this is bloomberg. ♪ >> -- kathleen: big story today should trade after intel's forward guidance on revenue was boosted a lot, let's just look what it's doing to the major chipmakers across the board. sk hynix is up nearly a half percent. at samsung's down. they are in a different position from these other chipmakers. advantage is up a third of a percent. tokyo electron, 1.8% clearing and on to bring a percent. let's get into the intel story, shares grabbing the spotlight in after-hours trading after intel, the world's biggest maker of b desk pc chips indicated and may be over. bloomberg su keenan joins us. that bullish revenue is the thing that got investors going. su: going into this the intel bulls were saying it really can't get worse. this is the first prophet after two straight losing quarters in the shares show that investors r

bloomberg daybreak: europe". we've got some lines crossing the terminal from provence, the ecb's president christine lagarde accordingo an interview says that ecb still has work to do to cut inflation. we will be monitoring her words all through the day speaking at aix-en-provence later. i want to take another look at yields topping 4% for the 10-year, the treasury, off the back of stronger-than-expected private hiring data. it top 4%, nearing the highest level since march. that reverberated across asia this morning. australia's 10-year yield at its highest since 2014. i want to dig deeper into all of these moves now with our guest altaf kassam, head of emea investment strategy and research at state street global advisors. thank you for being here. your latest reading of the latest jobs data and fed minutes, how much higher can fitbits be and how much longer? altaf: we think that rates will stay higher for a lot longer. a lot longer than the market is comfortable with, and we're not really pricing in any rate decreases and probably not in the first half of next year. the question is more should rates go higher? and w