shery: great conversation with romaine bostick. let's get to vonnie quinn with the headlines.onnie: president biden has called top congressional leaders inviting them between may 9 meeting to discuss the standoff. the invitation came hours after janet warned the u.s. risks running out of cash as early as june. the treasury has been using special accounting maneuvers to stave off multiple defaults. sources say the white house is considering promoting philip jefferson to vice chair in addition to naming a latino to an open board slot. the move is under consideration after pressure from senator robert menendez. kevin mccarthy says he supports sending aid to ukraine. in an exchange with a russian reporter in israel, he also told moscow to end its military operations. he previously called for scrutiny over how much aid washington provides kyiv. >> i support aid for ukraine. i do not support what your country has done to ukraine. i do not support your killing of the children either. i think from one standpoint, you should pull out. i do not think it is right. we will continue to sup

romaine bostick here on this tuesday afternoon kicking you off to the close.ng read across the markets as volume remains tepid and trading value remains low. let's take a look at where we stand in equity markets. nine of the 11

romaine bostick in new york kicking after the close. katie greifeld riding shotgun.k gains for the s&p and nasdaq. the semiconductor index up 5%. some concern about fraud

romaine bostick at bloomberg world headquarters in new york, kicking off to the close on this tuesdaynoon. let's get a quick check of the markets. the s&p opening lower on the day as did the dow, as did the russell, as did the nasdaq 100. the nasdaq the only one to climb out of the red. only about a quarter of the stocks in the nasdaq 100 are out of of the red. in that flight too big tech cap -- big

january '24 trading around 441 rid now or 75 basis points under the fed's own average forecast and bostick said he would not cut rates in a recession and he still had concerns about the impact on the banking turmoil on the economy and that was a decision to support a rate hike earlier this month a tough one >> the thing that made it a close call for me was this big question mark about what is going to be the impact of this on credit conditions and in our business contacts and our looka the data it didn't look in that period like it had gotten notably worse yet okay, one more neil kachakari, said and i don't think they feel like they've gone too far and i think they are where they want to be right now and just let things hold and settle out and see if they have any impact on inflation. >> or maybe goolsbee would be even more -- he was pretty clear, i thought, in his comments as well kathy, i want to turn to you i don't understand bostick's point where he would not cut rates in a downturn. if there's evidence that wages, for instance, are high because the labor market is so tight do we think

romaine bostick here.lk about that sideways trade which has been overshadowed i think by some of the concerns about what the fed is going to do

yvonne: he spoke to romaine bostick about the future of ev's at the milken institute global conferenceegislation that, as its intention, to get the charging infrastructure so that consumers can get over the notion of range anxiety. the lucid has the most range of any epa certified ev, 525 miles, our car can charge 300 miles in 22 minutes. we do overcome that a bit, but we do need the charges. to rollout the charging infrastructure is a comfort topic for our consumer. the ira, also used to help the consumer by the car because these are expensive. we are in the transition. the rebate is important to enable demand, to get to a number that is scalable. >> particularly for the economy, particularly when there is a lot of competition. tesla was the only ev in the game. rivian. all the big automakers. you see the ev's out there, where does lucid fit? >> the cars in the u.s., we have 90% that are ice's. europe is that 15%. there is question demand will be there at the affordable prices. there is room for everybody. we're position that the luxury end. luxury, experience, performance. we have th

romaine bostick here in new york kicking you off to the close on this tuesday afternoon.ck check on the markets. a potential target breakout we saw giving way to a potential downward slide here on this tuesday afternoon. the s&p attempt to crack that 4200 level hitting a key resistant point once again. three stocks down for every to higher. the biggest rags are

romaine bostick era bloomberg's world headquarters, kicking you off to the close on this monday afternoone a quick check at the markets, we talk about s&p 500 that has been rage bound, another flat open. when you take a look at the price action since the open, illustration of a lack of conviction when it comes to the market. materials, financials and energy are thet

romaine bostick here kicking off to the close. weekend but reality sitting in within the first 30 minutes of trading. the nasdaq 100 deep in overbought territory. demand for oil pitching wti futures below 70 and that 11 day selloff we had an to year treasuries seeming an event now.

romaine bostick kicking you off to the close.uple of days getting a reality check on this friday afternoon, equities cracking by lunchtime and now mired in the red. dollar strength flipping to weakness and regional bank stocks, which looked to lock in their best week and 16 months, now surging towards their worst daily loss

. >> reporter: retired legacy tom bostick on stripping the names of confederate generals from u.s.ses coming up on "sunday morning." >>> he is a hollywood legend with a political pedigree and a name known around the world. tracy smith catches up with arnold schwarzeneggar. >> reporter: at 75, seems arnold schwarzeneggar has nothing left to prove. >> i don't have to hide any of my feminine sides. i love washing difference. >> reporter: you love washing dishes? >> yes, because that's the only talent i have in the kitchen. >> reporter: but once an action hero, always an action hero. arnold and what really pumps him up ahead on "sunday morning." >> give me ten like this. >>> ted koppel has the story of a musician who hits the high notes in more ways than one. ♪ >> reporter: it's the kind of t their tracks in the french quarter of new orleans. ♪ >> reporter: and brings jazz lovers out of their seats at the kennedy center. how you get from one place to the other? >> let's go for it. >> reporter: depends who is watching "sunday morning." >> i about fell off my couch. >> reporter: later on

shery: the hewlett-packard enterprises ceo speaking exclusively to romaine bostick.ck check of the latest business flash headlines. indonesia says a commodities giant and umicore are among investors punches been $9 million building a battery supply chain. investments will include a 20 gigawatts hour battery plant as indonesia aims to become a major hub for producing batteries and dvds. other investors include u.k. company and division and an indonesian miner. hsbc is looking to expand into a fast debt market so far dominated by credit suisse. the bank says it is in talks with partners to structure new debt for nature swaps in countries where it has a presence. it's global esd chief says hsbc remains cautious on scalability and cost. tesla is planning to give an early glimpse to its revamped model 3 sit and -- sedan. sources tell us the first cars coming off the line on thursday our prototypes and will be slightly longer and sportier than the earlier version. tesla is facing pressure to refresh its product line in china, the second-biggest market after the u.s. shares

shery: our guest speaking with romaine bostick.ustralia, actually, faster than expected inflation deceleration, we will get to the u.s. because something opposite happened, that what happened in australia will allow the reserve bank of australia deposit its rate hiking for a second month. let's bring in kathleen hays. can the rba finally declare victory on prices? kathleen: i don't think they will go that far but certainly what they are signaling is inflation has proved enough that they can sit back -- they do meet every month until they get the review board decisions about spacing out meeting a little more, but i diverge, look at the chart, whether you look at the headline or more, it looks like in the latest quarter, it has peaked. will it continue to come down? so far so good. that's why it is expected they will save they are stopping at 3.65. and that we think it is warranted to go meeting by meeting and watch the data and if the data continues to behave well, we can continue to hold off on hiking rates again. unemployment at 3

basis points of cuts being priced in this year and now we are starting to get series pushback with bostickaying we don't think we will see cuts until 2024. the market is position for cuts. is that the biggest shift we need to see? calllie: i really think it depends on the timeframe. over the next month or so, the debt ceiling should be your focus. the fed is still quite a big focus but not much has changed on that front. inflation is coming down but still high in the fed wants to see lower. we get retail sales on wednesday and that could change. the job market is still strong. i don't think much has changed on that front. i don't know if you're positioning should change if we get rate cuts it is probably because we are seeing recessionary evidence. thank the debt ceiling is the biggest focus over the next several weeks. alix: at deutsche bank in the weekend note talked about typically you see a sharp selloff at 68% of the s&p on political stresses that this but only a weeks selloff and then you recover. if you group -- if you were going to try to price in the down term, how do you do that

senior correspondent should nelly bostick joins us right -- and ali bostick -- sonali basak joins us. days -- this in a range of financial institutions. what is the struggle? >> i do not understand it so there are companies laying people off. there is a frustration of going back to the office and not having the flexibility you had before but you also have a lot of anxiety because it is not like business is as booming as it was a couple years ago. when you look at the bank, you have a lot of private equity firms putting money at work and they aspect valuations to come down more to do so. with a conversation that i have with the vista president he said he wants to get three more takeovers done for the end of the year. they are buying public companies. you need money to get that done and people to be at work to get that done. lisa: how much is the change in rhetoric what jane fraser was talking about. she was not subtle about it and it did not work in it a lot of people were not that productive when they were working from home. they would bring them in for retraining or whatever euphemis

it's the ceo spoke to romaine bostick about this strategy. -- it's ceo spoke to romaine bostick abouto move the headquarters -- i moved the headquarters to new york city, and it is now a new york brand designed and created for the world but in the u.s.. >> where is the focus right now, is it asia or europe or now north america? >> it is going to be north america. there is a billion-dollar business in europe as it is but in north america it is a brand-new market. it is going to be much more limited. we are coming back elevated. >> how strong is your brand name and recognition going to be, in north america it seems like every day you have sort of a new designer coming out with their own line of clothes, you have all of the legacy designers out there as well, how does this fit into that? >> the brand recognition is it. wherever you go, everybody remembers the brand from before. that is already there. we opened a pop up in soho in december and some of the customers submitted their stories and pictures and memories about the brand. it is there already. it used to be one of the top 10 brand

are leaning, the matter how often gold to be leaned -- no matter what, we have neel kashkari and bostickching the numbers. they are going to see what happens. it is not a big difference. see what happens, do another 25 hike, then maybe pause. but, definitely a big deal for the markets. haidi: kathleen hays. let's look at how markets are contending with all of this. did you see the range? not when it comes to u.s. stocks. annabelle: six weeks on the s&p 500 not breaking out of the 1% range, but the fed in focus. pboc, first quarter monetary policy report, this one very closely tracked because there is so much debate among economists and investors where further support is needed to boost china's economy. we have been tracking how uneven the pace has been. pboc is planning to keep its monetary policy. what it calls an appropriate level. i exactly what this means, they are focusing on inflation. they are saying inflation is marbled. they are exciting that the pickup slowly in the second half of 2023. really stressing this report, this is not a picture here, even though not a cyclical downtre

romaine bostick kicking you off to the close this thursday afternoon.for the s&p 500, dragged down by disney, microsoft, and exxon. the s&p not far off from the lows of the day. we are looking at a bit of a breakdown here. the s&p erasing all of the gains from last week. no i

i am romaine bostick and this is the kickoff to the close.e 11 s&p sectors in

romaine bostick joins us from l.a. great to catch up. looking forward to the show later on.as a banking situation developing end writers strike. that goes to the heart of california, doesn't it? romaine: absolutely. you mentioned the banking sector. just over my shoulder is the headquarters of pac west. i am on the roof of the academy museum, overlooking hollywood hills. the writers strike had not been announced we first landed. go by paramount studios and other big studios and the picket lines are forming. a lot of people member the extract that happened in 2007 that effectively shut down this town for almost four months. the reverberations of that was dramatic, not just in terms of economic activity, but reshape how hollywood produced entertainment. there was a shift away from scripted television to more reality television because they would not have to deal with those issues. now we are back in the same place we were a few years ago. alix: and when you like to bench watch, that to bench watch, waiting a couple extra months is going to be hard. what is the feeling on the g

romaine bostick a bloomberg world headquarters kicking you off to the close.for the broader market in your, and rally that began on wednesday the u.s. cycled over to asia overnight, and rotated back into european equities on thursday. now

atlanta fed bostick was priming the pump big time for rate hikes.his morning these are the headlines. u.s. headlines show signs of stress and new delinquencies rise. the fed, wage growth tracker is imploding. empire fed manufacturing survey collapses in april. the biggest drop ever outside of covid. home depot posted the worst revenue miss in about 20 years and they lowered their forecast. dow jones futures fall after retail sales report cops out. a lot more noise but i suspect the market will stop listening to the fed at some point, even some other experts calling for more rate hikes. more proof professional investors eschewing the old buy low sell high axiom. bondses at the highest level since 2009. we are listening, folks you also have to be watching. i want to bring in heritage economist peter st. ange. peter why are two messages from the economy, wall street, economists, and d.c. saying one thing about the economy and the data saying a different thing? >> yeah, i think we can kind of see the disconnect here. yesterday ford member ghouls see, he

shery: jennifer johnson, franklin -- ceos be conditional he bostick in -- chanel the bosque -- speaking>> you can see we are setting up for quite a positive trading across the day, given it is down to the optimism of the u.s. debt talks. both sides suggesting there has been a degree of progress and a deal could be reaching sides. we have futures for australia point to the upside, new zealand on line, nikkei futures the contracts in singapore coming up underway with a pop of 1.5% predicted for the open. that is quite interesting given that we are seeing the nikkei reaching near a three decade high. we are keeping and i on this market with a number of technical indicators suggesting we could be nearing -- conditions. looking at some of the trading tools used we are above the upper band that is a signal that they are overbought, due to a fallback. looking at the relative strength index a reading at 77. above 70 is overboard, stochastics we look for 70 to 80, again we are in overbought territory. heidi, a lot of indicators that we could be due to some correction. at the same time, when you

we heard a couple of days ago bostick saying he does not see rate cuts until well into 2024, really pushing back at the bets we have seen in markets. a singles be also saying there is just a long ways to go when it comes to the economic outlook allowing for potential hikes to be on the table. we will continue to watch for that. in the meantime, let's get you to vonnie quinn in new york with first word headlines. vonnie: vudu and fintech -- the two leading international -- cross broker -- cross-border brokerages have been allowing traders to avoid fees. key u.s. lawmakers blame former managers of silicon valley bank and signature bank for the banks' collapse. some lawmakers questioned u.s. watchdogs for not doing more to prevent the turmoil. >> we know your banks were fatally mismanaged. the next obvious question is -- why? why did you let things get this bad? why did you ignore admonitions from regulators? to that question, too, there's a simple answer, the same answer we find most questions about bank failures. because the executives were getting rich. vonnie: the international energy agen

got a number of fed speakers out over the coming days including neel kashkari, jim bullard, rafael bostickhn williams among them. huge lineup, really the opportunity for the fed, if they need to push back on this narrative that we will see, as i said, cuts as soon as september. >> of course casting a long shadow over investor sentiment is a lot of uncertainty when it comes to china. the government has launched a nationwide anti-espionage act on consulting firms, accusing one of leaking state secrets and having ties with foreign intelligence agencies. let's discuss this with the friedman sharon china studies for strategic for international studies. always great to have you with us and we are all hoping that you can help us on what's going on and what the intended strategy is because from the outset, xi xiping on the government are trying to restore international confidence and domestic confidence in china as an investment destination following covid zero. how does this get them there? >> it doesn't, what has been a head scratching his there's makes messaging coming from beijing. part of thi

bostick in the 2:00 hour. grow, houses get smarter, and our demands on the internet increase. that's why we just boosted speeds for over 20 million xfinity customers, on us. so you get more of the speed you need for day and night streaming. more speed you need when you're work from homeing. and more speed you need as your family keeps growing. check in on your current speed through the xfinity app or upgrade to the speed that's right for you today. >> live from new york city, good morning. just about positive on the s&p 500, the countdown to the open starts now. >> everything you need to get set for the start of u.s. trading, this is bloomberg the open with jonathan ferro jonathan: live from new york, coming up biden and mccarty to resume talks this week as secretary yellen repairs to offer an update, the president since we have not reached the crunch point yet

it bostick said he was ready to pause.re giving us lots of different messages and it is so much relief to know they must be having a very robust debate and that is what we need it right now, to make sure people are thinking through it. tom: i will go to the work out of it vcu talks about we have an emotional point on inflation where we begin to fall apart, where inflation matters you are acclaimed for your work on our limited attention about inflation. if we have disinflation, does america's view of inflation called down and cool? claudia: yes, not because they are watching the cpi. as food prices are going down it is really important for households. i don't think there is a magic number where it falls apart. i think it will be an external event, which the turmoil and the banking center was the real thing and i was very surprised they didn't cause well that was still in motion to meetings to. if they are laser focused on getting nation now. and i have been asked they just stuff at three and, no, they are going to to one wa

that don't believe in the nasdaq and you wonder how they responded at 4:00 yesterday when romaine bostickn sachs putting out report that active mutual funds -- simply because they have been avoiding tech. tom: this is really important. 3, 2, 1, apple is underowned. they are under owned by institutions. lisa: -- 15 percentage points underweight apple. this according to goldman sachs so if there is not an incentive to buy, tom, you're not wrong forces --wrong. . tom: the twos, tenants, vanilla spreads and the difference in the moonshot and the 10-year yield and even the 10 is elevated this morning, 70 basis points and we have seen a plunge to further greater inversion, that oddity in the two stand spread --twos tens spread. it is time to talk to ira jersey. on a shifting bond market. we will shift to this, we are in the memorial weekend, no we are not. huge activity today and into tomorrow as well. we will be with you tomorrow to look at this bond market and what is nvidia going to do first tomorrow? lisa: i think you will hear from some of the executive cheering. they will prepare for the

look to romaine bostick and scarlet fu for that coverage. he is in london where he holds court as chief global equity strategist at goldman sachs. peter oppenheimer has decades of experience of extracting ourselves from the worries of the moment. thank you for joining us and i love what you say near research note about finding neutrality. what do you do in the stock market when you have a neutral view? peter: we have had that view through the last year. we have been calling the environment fat and flat. flat returns at the index level with wide trading bands as the market assesses at different points the relative risk between recession and inflation. i think we are at the top of that band at the moment and what we have been arguing is within that you will get quite a lot of alpha opportunities. we have been pitching it as a balance between deep value or we think the risk to valuation low and quality growth. it is a combination we think investors should be in a relatively flat index environment. lisa: over the past years everyone was a macro