♪ caroline: from bloomberg world headquarters in new york and here in london, i'm caroline hyde. maine: i'm romaine bostick, the markets down, taylor riggs reminding us yields do matter. joe: the question is, "what'd you miss?" caroline: certainly a day in red, rising yields putting pressure on tech shares, while a selloff of global bonds deepens. we saw the nasdaq tumble more than 3.5%, biggest loss since october. popular plays are tesla, zoom, peleton, all down. gamestop, up 20%. joe: a mere 20% today. even that had a bad day ultimately, but yes, the big story of the day, rates going much higher, perhaps concerns about inflation even though romaine thinks inflation is a myth. and you can see the tech-related stuff, arc spider and all of that. romaine: transitory. joe: you have changed your stance in the course of a week after rates move. alright come i want to bring in bloomberg's ladonna high wreck -- ladonna. these are interesting moves. >> fun and crazy and hectic, and speaking with people, i think there is two different things going on. we have seen a spike in yields. tech i

caroline: from bloomberg's world headquarters in new york and in london, i'm caroline hyde. taylor: let's get you -- joe: the question is, would you miss -- what'd you miss? caroline: tech selling off, commodities rallying, as long as investors are pricing stronger growth in the global economy as he recovers, there are risky assets. including brazil, emerging markets. and of course, brazil is leading global declines as a move to replace's ceo. joe, talk to us about what is happening again and again in the market when it comes to attack. joe: yeah, interesting day today. you really see how much worse it is for the, romaine: the contrary an argument would be that that growth rate we got used to holds up. joe: cuts in multiple ways. joining us now, brian, thanks so much for joining us. it's getting kind of interesting with the long and move to some of the things we have been speculating about in the long end. tech coming into focus. what is catching your i right now? >> there is an interesting back-and-forth today, i woke up and it seemed like he were going to rocket higher. it

caroline: from bloomberg's world headquarters, i'm caroline hyde. romaine: the markets running cold. washington running it hot. joe: the question is, "what'd you miss?" caroline: whether we have been seeing the fights, the diplomacy running red hot the british or the americans -- we are discussing how the brexit sausage is being made in washington. we are digging into have the stimulus debate continues. joe biden doubling down on how checks -- how big the checks should be sent out to the masses. what does this mean for inflation? but also, the question that isn't being debated is the economy does need help. there are still 8 million out of work. poverty is where people are falling. this is why we will be doubling down on this focus for the show. joe: and what does it mean for the pound as well? also a big thing we will be tackling. that debate over the stimulus picking up with the left side of the democratic party urging for more. the administration willing to run it hot in a way we have not seen before. still debates about the length of the support,

♪ caroline: from bloomberg world headquarters in new york and right here in london, i'm caroline hydejoe: i'm joe weisenthal. romaine: i romaine bostick. stocks do miniaturize, but the trendline on volume is down. joe: the question is, what'd you miss. caroline: meme stocks like gamestop and emc have come back to earth in last training sessions, there is signs of a run-up in newest reddit rocket ships, like a rocketship maker. what are the many issues left? we are going to focus on how fintech and wall street approach this new breed of wall street trader. the u.s. treasury secretary janet yellen has called a meeting of regulators to deal into the events of the past week. on the platform side, robinhood and other silicon valley companies looking to disrupt finance are learning the hard way they need to stress-test the business world financial goals. one committee that poses regulatory liens longer than the others, successful history for paypal, reported earnings after the bell. joe: absolutely. paypal along with crypto, anything like this, fintech, phenomenal window that is part of the

>> from bloomberg headquarters in new york, i am caroline hyde. >> another record day for the s&p 500, the longest winning street -- longest winning streak for stocks going back to august, but the big question, what did you miss? caroline: yemen's commitment to going big or going home, -- yellen's commitment to going big or going home, and tesla. we are zeroing in on the greenback. what is the impact of relief spending on the currency, and should companies be spreading their bets and shifting millions of dollars on the balance sheet? crypto is not just a substitute for cash. the market right now is banking on enormous -- banking on enormous federal spending package. >> the 10-year break even, one measure of the outlook for inflation, up to 2.2%. it continues to grind higher, well above some levels, and the traders bet on an inflationary/reflationary situation. we are joined by our bloomberg colleague. thank you for joining us. we keep hearing about the size of the check, the size of the overall package. what do you think we are looking at in terms of timeline? a few weeks? the next mo

caroline: from bloomberg world headquarters in new york and from right here in london, i am caroline hyde. romaine:'s look at where we stand in u.s. markets. the stocks keep on rising. yes and be posting its biggest rally -- the s and p posting its biggest rally in weeks. kailey: gamestop down 100 -- i am joking. we are talking about retail traders finding this people -- finding the silverlining. the price of silver surging as the reddit army turned its attention to the precious metal. the ishares silver trust etf c and unprecedented flows of late. an investment product that benefits can griffin's citadel with its rallies. joe, you called it several years ago. silver bugs, they are into conspiracy theories. this has been another perfect storm of retail trade. joe: i am not going to say anything negative about silver bugs because i am worried that our guest coming up might be a customer. silver is doing very well and internet chatter seems to be a part of it. romaine: i don't think there are all that many shorts in this. you take a look at the cftc positioning, you can see the net longs he

♪ >> from bloomberg's weld headquarters, i am caroline hyde. e: i am joe weisenthal. >> i am romaine bostick. joe: the question is, "what'd you miss?" caroline: the energy crisis is still front and center. in the u.s., it has knocked down the power for days for millions in texas and central parts of the country with blackouts expecting to last until at least thursday, and oil production has plunged to nearly 40 percent. coronavirus vaccine the shipments, delayed. amazon closed facilities to illinois and the texas. the crisis leaves many questions about, how did we even get here, and what policy and new technology can be used to make sure this does not happen ever again? the data we are getting on the lack of power is remarkable. : joe it is -- joe: it is striking that we are in this crisis and it seems to be getting worse. this is a great chart that we have on the terminal looking at total electricity load in texas, and it is lower or several points yesterday and a little bit higher than it was, but this is not recovery. the story of today is co

>> i am caroline hyde. joe: i am joe weisenthal. romaine: markets flat. down on the week. joe: the question is "what'd you miss?". >> we have this reflation trade. the vaccine rollout will gain momentum. the trade was up this week. ppi, inflation, reflation, in fact, the worst start for bonds since 2013. this trait is picking up speed. joe: it is picking up steam. what we haven't seen, real rates, the rates on the tips, those have been low, but in recent days, picking up. extremely low. 30 year bonds, you getting paid for positive real rate. you can see the number because it is so tiny. , but you're getting a rate higher than inflation. romaine: cash out your bitcoin and roll it over. joe: some pretty fat yields. alex, everyone rushing into it. >> you know, increases everywhere, especially let's talk about the back end, but you know we would be remiss if we did not talk about the federal reserve. the fed said we will not extend our durations when it comes to asset purchases. everyone thought there would be conversation about yield curve control. john williams said, oh, no,

caroline: from bloomberg's world headquarters in new york and from right here in london, i am caroline hyde. romaine: we saw another update for the s&p 500 index. two days of back-to-back gains. caroline: if you worried that the slightly nothing news cycle might end in any way, you would be wrong. instead, we had this great show lined up to talk about where in the world game stock and amc were going to go but we ripped up that script because the man who made e-commerce what it is, the man who built the giant of amazon, created the infrastructure of the internet with aws, jeff bezos, he is handing over the reins of power, the ceo, and the third quarter he becomes the chairman. joe: it seems pretty clear that they just have to make changes to address this gamestop threat. they are looking at their leadership and they are like -- i assume. we are going to talk to some experts so i assume they will say the same thing. romaine: i appreciate the levity. joe: for more, she has covered amazon and bezos for a long time , how surprised are you? >> he was going to have to step away at some point but n

caroline: from bloomberg words -- from bloomberg's would head quarters in new york, i'm caroline hyde. romaine: let's take a look at where we stand in u.s. markets. the s&p 500 up a massive six and a half points. joe: the question is, what did you mess? caroline: a massive 6.5 points. that is 2/10 of a percent. retail traders are still finding ways to affect other sectors today. you have seen the wild swings in pot stocks. a week from today, we brace ourselves. the attention to the new focus on retail. washington executives are going to be grilling robinhood. it is amazing we are not seeing the gains we saw in gamestop. joe: absolutely. it is not going away. you thought maybe they were going to all quit because they could not destroy capitalism. they are not done yet. still buying stocks. still making moves. look at tilray. down nearly 50%. it was up like 100% or something over the last few days. some biotech stocks you probably never heard of having a big day. the old blue-chip finding some price stability. romaine: is this decentralized finance? joe: the dow jones of the meme stocks

♪ >> from bloomberg world headquarters in york and right here in london, i am caroline hyde. maine: flat on the day for thl higher on the week. >> the question is, what did you? -- the question is, "what'd you miss?" caroline: hopefully you did not miss a conversation with somebody considered to be the king of spac's. framing himself as the warren buffett of this reddit your upon us. he took a leading role in the frenzy around meme stocks, tweeting january 26, he bought stocks. looking at how one of our guests identifies a meme stock, and digging into it. plus clubhouse. the potential big thing on social media? also it could be the source of some pretty awful misinformation. joe, before we do all of that we wrap up the week looking at what was hot. it seems to be chip stocks, right? >> chips, huge, so much going on and so much interest in the chip shortage. news today several big chip players wanting to block the acquisition of arm by nvidia. look at the stocks, 8% in the last five days. this is not a meme, this is one of the most important assets in the world. romaine: an imp

♪ caroline: from bloomberg world headquarters in new york and right here in london, joe: caroline hydei'm joe weisenthal. romaine: i'm romaine bostick for the second day, concerns about inflation. joe: the question is, what'd you miss? caroline: looks like a semiconductor church we were one about at the end of 2020 is your. gm with a cautious cover forecast as it is damaged from a shortfall being felt throughout the global industry. semiconductors, they are a bellwether of the world economy, and this supply issue has the potential to spill over to everything from cars to mobile phones to fridges. and it speaks to the concerns romaine just mentioned, the supply-side struggles and warnings about inflation that many have been wringing their hands about. joe, where is the inflation -- totally muted. but are pressures perhaps building as these shortages and semiconductors seem to show? joe: inflation is right around the corner. it's coming, i swear, i promise. i know it didn't happen last month or the year before or five years. it's coming, though. data still not showing any real signs of b

♪ caroline: from bloomberg's world headquarters in new york and right here in london, i'm caroline hydejoe: i'm joe weisenthal. romaine: and i'm romaine bostick. joe: the question is, what'd you miss? caroline: we saw the cooling off of some of the hot trades, and tesla, cathie wood's ark etf falling, and now the question, is it a blip or was today's bounce back an end of the month close? could tech set off once again on monday? that's pretty wild. joe: i start every day these days by looking at the ark etf, because it encapsulates so much of that momentum trade. tech, tesla, biotech and bitcoin in it, so everything that is momentum. down 14.5% on the week. earlier today, it had not reached those tuesday lows and bounced back a little bit. if you are looking forward, you have to keep an eye on that to see if it is a blip or the start of a meaningful change in how the markets trade. romaine: when you hear people talk about shorting the ark innovation etf and other etf's, we no tesla -- we know tesla is in there but some other names as well, baidu, others. joe: if you short it, you are sh

♪ caroline: from bloomberg world headquarters in new york and from here in london, i'm caroline hyde.oe: i'm joe weisenthal. romaine: i'm romaine bostick. a four-day rally has the indices at record highs. joe: the question is, "what'd you miss?" caroline: once again, talking about earnings after the bell, snap and peloton, some stock showing movement but moves pale in comparison to speculation on volatility we have been seeing in mean stocks for 2021. the media may be dissipating, gamestop down for 2% today. but there are still 16 reddit-loved companies that are up double digits this year. we seem to be paying more attention to hard economic data again. and it is good timing therefore that we get the u.s. stocks report tomorrow, with indications the recovery is stronger than thought. so the outlook is affecting rate markets, you see the curve steepening, joe. let's not get boring and talk about fundamentals first. let's go back to market shares in penny stocks. joe: big question, what does that 530 curve meet for does coin? we will break it down. but for real, penny stocks, we are goi

caroline: from bloomberg's word headquarters in new york in london, i am caroline hyde. >> i am joe weisenthal. romaine: i am romaine bostick. worst day in month until cathier wood and others starting buying the dip. joe: the question is "what'd you , miss?" caroline: wow. it felt like a pullback on risk. nasdaq 100 tumbling as much as 3.5%. then came the by the dip mentality. the u.s. central bank nowhere close to pulling back on help for the economy. was talks did get a rebound leaving only slight losses, except a few. before we get the dip into the story, green energy names. talk to us about the wild swings and the recovery that we saw. joe: nothing happened today in the end, at least on some of the really big names who we check in the morning when we get up everyday. what you see, nasdaq i think was down 3.5%, around 9:45. came back basically to even and then hardly fell at all. just huge declines off the bat. the aforementioned ark and tesla and these other momentum names. pretty impressive recovery. romaine: bring it back to the gamestop saga, news crossing the wire on gamestop, their cf

♪ caroline: from bloomberg's world headquarters in new york and right here in london, i'm caroline hydejoe: i'm joe weisenthal. romaine: and i'm romaine bostick. a less than stellar jobs report, but not enough to knock the markets down. joe: the question is, what do you miss -- what'd you miss? caroline: the economic recovery is going full steam, but there is still a load of work to be done. there continues to be incredible difficulties issuing the millions of people unemployed. there are calls for more stimulus, which come without gop support, it would seem. many pockets of the population are struggling. joe, investors cheered stocks today, because with the bad news comes hopes of more relief in the sign of a package. but the economic face of it, the numbers are not where they need to be. joe: in the short-term, we have been talking earlier this week about how the data was looking better. everyone has been predicting this winter slowdown. it may be a little worse on the labor market front, at least according to this one report that we got today. nonfarm payrolls just 49 k gains, about

i am caroline hyde. we are counting you down. chairman powell set to begin speaking any minute.kee has the headlines. >> we had a strong labor market but we do not have one now. in his prepared remarks, jay powell says a strong, sustained labor market can deliver substantial benefits including higher employment and income levels, improved job opportunities. but at present we are a long way from such a labor market. his speech focuses on labor market developments. he says despite the surprising speed of recovery early on, we are still very far from a strong labor market whose benefits are broadly shared. for now, the fed