dani: basically everyone agrees with her except bostick. christine: yeah, and you can tell this is what the markets are heeding as well. i think higher yields on the long end is a sign that markets are coming to grips with the idea that inflation will be here to stay for a little bit. dani: you can look at them and say they are saying higher for longer. bostick doesn't want more hikes and is saying we need to keep rates restrictive at least into 2024. i feel like there is still repricing to be done. kristine: yes, as the weirdness in the bond market dynamics. i think those cuts are keeping the short end of the curve anchored and that's why we are seeing this steepening set up. it's quite the u-turn -- it's not quite the u-turn they were expecting. it speaks to the idea that the market has been through a rapid change both in terms of actual policy that we've seen the fed deliver, but also in terms of future expectations for rates and inflation. i think it's really a sign of confusion in the markets where the question being, what is the ultim

live at bloomberg headquarters in new york, i am romaine bostick.atie greifeld, we are kicking you off to the closing bell. let us take a look at where markets stand, the s&p 500 slightly higher, about 3/10 of a percent. outperforming big tech, the nasdaq 100 of about a 10th of a percent. light volume as we await the key inflation report

. ♪ sonali: i'm shelley bassett and this is bloomberg -- sent ali bostick -- should ali -- sonali basakin the united states, foreign-based front to upside projections. quiet in high-yield. no sales but we did learn about 4 billion in debt which includes high-yield bond and leverage loans to back the purchase of a majority stake. we talked to bruce richards earlier. bruce: there's a bifurcation of quality. when you look at double d credit in the markets, it is a much better quality index than it has ever been. you don't have many of those companies because they lacked in fixed rate bonds instead of floating rate. i'm talking about those two floating in the private goods. those are the companies that are most highly leveraged that are showing the most stress as it relates to debt service. sonali: joining us is vishwanath tirupattur peter tchir and peter tchir -- and peter tchir. i yields don't tell the story. what has to give? peter: --vishwanath: there is going to be very much quality dependent decompression ahead of us. the most honorable part of the markets are indeed the indicated lev

i'm romaine bostick and kicking you off to the close.al markets here royal on thursday evening. fresh signs of economic resiliency. ahead, fresh fuel with higher interest rates that may actually be here to stay. we are watching the bigger -- biggest intraday move and the biggest point rise on the vixen about the worst of the s&p 500.

charles: bostick is saying they might get to the 2% without anymore hikes.a golden path. sounds like the fed wants to get away from anymore rate hikes? >> the fed is iaea norm more with a soft landing it would be great if we get a soft landing. the oweds that happen is not great. that is very unlikely in history. rarely see it play out. most 60-40 portfolios will do great you have to prepare in case that doesn't happen. charles: jay powell just changed the channel. bob, thanks a lot. hey, folks always want to hear from you whether a comment on the show about guests anything, tweet me @c-v payne. dan asked charles, how do you subscribe to your weekly letter? go to wstreet.com, my man. i write every single day the commentary is free. check it out. needham has a pretty bold prediction for disney. remember they said disney should buy netflix. disney may be up for sale. i will discuss that, and other topics with a woman who led her own entertainment juggernaut. linda mcmahon is here. celebrities like leonardo dicaprio telling us we have to buckle down, do what is

i'm romaine bostick.atie greifeld kicking you off in the west with about two hours to go. looking at the s&p 500 that is green by only about .1%. nasdaq 100, big tech carrying the rally. you can see that in the nasdaq 100 up about 20% or -- .8% or so. in the yen, breaking

life from bloomberg headquarters in new york, romaine bostick kicking you off to the close here on an. a bit of a dip in buying as we had to the weekend. that is leading to modest gains on the day for the s&p 500. we should we not that it is not enough to erase the modest losses for the holiday shortened weekend. energy and materials and discretionary stocks lead to gains. mosaic first sold there were big gains on the day with a pharma names as the biggest laggards. the big fix yesterday is back low 15 and the

romaine bostick is off for the day.he rightists -- latest release of the fomc minutes. let's get to michael mckee who is standing by at the federal reserve. mike: these minutes may raise more questions about where the fed was three weeks ago than they answer. while the decision to leave rates unchanged was unanimous, during the discussion the committee was divided. quote some participants indicated they favored raising the target range for the federal funds rate 25 basis points at this meeting, the minutes say, or that

anna: there are probably three camps, one camp represented by bostick, for example, is rates are sufficientlytrict, you do not into do more, just wait for lags and monetary policy to go through. delinquency rate on consumer loan sticking up. those people think we are one and done. on the other hand, there are those who think there will not be a recession, legs are short, no more monetary restraint going forward. that would be in favor of going back, hiking one more time or even more. there is a third camp that things may be rates are sufficiently restrict now, but you do not know what supply shocks await us down the line. commodity prices could continue to rise the next couple of months, so they would want to hike more just to buy the fed some insurance in case that stock should materialize in the next couple of months. sonali: that is anna wong. next, we have an all-star lineup of experts, including j.p. morgan's bob michele joining the surveillance team for the fed decides, half an hour until that decision. this is bloomberg. ♪ bridgett is here. she has no clue that i'm here. she has no clu

i am romaine bostick. katie: we are taking you off to the closing bell in the u.s.t about two hours. looks like markets are taking a breather after a busy week last week after a busy week ahead of us with big tech learn -- earnings but you take a look at the markets, the s&p 500 unchanged and you take a

romaine bostick here. katie: and i'm katie. i saw it in the prompter. talk about what this market is doing right now because we are officially in a holding pattern ahead of next week's fed report. we are seeing modest gains at the s&p 500, up .4% on pretty healthy volume. take a look at big tech in the races, about 20% once again in charge. take a look at the bond market, things are much

i'm romaine bostick. katie: and i'm katie greifeld. we have about two hours to go.g at a rally on our hands. the s&p 500 higher by 0.4%. a lot of that coming from big tech and you can see that in the nasdaq 100. that benchmark of 0.8%. as we head into important earnings after the bell, you will catch it all here. you take a look at the bond market. a little bit of a rally after yesterday's selloff. two-year treasury

live from bloomberg world headquarters, i'm romaine bostick. katie: and i'm katie greifeld.g off to the closing bell in the u.s. about two hours to go and we are looking at a strong rally in the equity market. following that better-than-expected cpi print at 8:30 this morning. rally in the s&p 500 up 0.9%. not quite near session highs but we are getting there. big tech leading the charge. the nasdaq 100 up 1.3% as we see a strong rally to the treasury market. the two-year yield is down 13 basis points as investors

shery: the wells fargo cfo speaking to bloomberg's katie greifeld and romaine bostick. up, the u.k. becomes the first new member of a key specific trait pact, as attention shifts to -- attention shifts to a list of other applicants left by china. this is bloomberg. ♪ ♪ with eu on your plate, earning your degree online seems... impossible. but at grand canyon university, we specialize in helping you fit a master's degree in business into your busy day. your graduation team led by your own gcu counselor provides you with the personal support you need to succeed! achieve your goals with a plan and team behind you! find your purpose at grand canyon university. visit gcu.edu ♪ haidi: the u.k. has joined the cptpp, becoming the newest member since it came into force in 2018. paul allen joins us with more. how significant is this for the u.k. ending broader pact -- and the broader pact? paul: it depends on who you talk to. there are already a lot of countries in there. internal projections from the u.k. show a pretty minimal impact from the deal. then again, the u.k. business

live from studio two in new york, i'm roe mayne bostick..s., we're looking at another up day in markets. we got some unexpected p.p.i. to go along with yesterday's c.p.i. print. you can see the s&p 500 rising about .6%. once again, it's big tech leading the gains. the nasdaq 100 up by 1.4%. that's paired with pretty big rally in the treasury space once again. you're looking at two-year treasury yields down by 13 basis points. that is more so than what we're seeing out of the curve. as a result, if you look at the curve, still deeply inverted, romaine, but we're looking at 85 basis points of inversion versus over

rafael boss tick is the -- rafael bostick is on my side, unfortunately, he's not a voting member. described, saying neither one of them will get the nomination. i can't wait to see what greg valliere says right after this. just like i stole kelly carter in high school. you got no game dude, that's a foul! and now you're ready to settle the score. game over. and if you don't have the right home insurance coverage, well, you could end up paying for all this yourself. so get allstate, and be better protected from mayhem, yeah, like me. thanks, bro. take a lap, rookie. real mature. your best defense against erosion and cavities is strong enamel- nothing beats it. new pronamel active shield actively shields the enamel to defend against erosion and cavities. i think that this product is a gamechanger for my patients- it really works. ♪this is what love looks like♪ ♪this is what love looks like♪ ♪ ♪this is what love looks like♪ bridgett is here. she has no clue that i'm here. she has no clue who's in the helmet. are you ready? -i'm ready! alright. xfinity rewards creates experiences big

i think raphael bostick has expressed those sentiments i just don't think that the central bank believesh in the hearing now and i think that's the issue. >> right, right. all good points, rick. stay with us let's bring in a few more voices to talk about this data. alice, betsy, and we also have our own senior markets commentator mike santoli bitcoin, gold, silver, they're all quick moves. this is a number worth paying attention to alison, the fed is going how many more times? >> well, i think it will depend certainly in the next report this was expected to be good, it was. i think there are still reasons to be concerned, particularly that inflation is still high in services and that suggests that this last 200 basis points might be a little stickier and a little bit more entrenched than what the fall might not continue to be as fast and as steady. so i think potentially we might be going another 75 but probably we'll know more in the fat ll fr sure >> professor stevenson, is it going to be uneven from here on? >> let me say, i think another 75 would be a mistake. what we're seeing in th

we go onto tech earnings this afternoon, with romaine bostick at all we are doing this afternoon. on the economics of the day, the housing data. right now, philadelphia fed manufacturing to provide billions -- brilliance. mike: it is not nearly as old as the manufacturing index and regional indexes do not make as much of a difference. 1.4 is the number, it was -16.6 before. this flies in the face of the other service industry number we got this week, the s&p global pmi's. those went down a little bit. there is so much going on in the economy right now, i cannot imagine that this adds anything -- probably. tom: you and i would go to conferences. i was thunderstruck by a negative statistic on one of the series, flat on the other series. do you presume that we will get -12 month trailing statistics on housing? mike: i have not done the math, but we could get there. they do a survey that is extrapolated, individual housing markets are different, as we have seen over the years. it is hard to know where we end up. the thing that surprised everybody was the lack of demand, because there