j.p. morgan says expecting market share shift because the theme parks have gotten so expected toward cruise ships, do you agree. >> you probably would not have thought that a few years ago since then basically floating petri dishes but it's hard to be a good bargain. people learn from the pandemic and they don't want to stop going on vacation but they're very focused on value and in terms of value you cannot beat a cruise it's more bang for your buck than anything on land so it's not surprising that they are booming. jack: 20% cheaper than land alternatives versus 10 - 15% cheaper for the pandemic. j.p. morgan is bullish on royal caribbean any written positively about them and their bearish on six flags. when asked about airlines if there is a market shift going on what do you think this means for airlines. >> there is about three quarters of the u.s. population that lives within driving distance of a port and that's another thing driving people toward cruises because nobody wants to go to the ai

the answer is j.p. morgan wealth management >> this is marie wortham knows hundred and happy we didn't want to look a analyze legal was composition into the reagan and i maria and wall street is watching as kamala harris slowly and bills are big policy and now promising price groceries go upo crackdown on inflation and this is early voting some key say start as soon as next month. harris: i will go after the bad actors as president and i will work to pass the first-ever phenergan price gauging on food my plan will include you penalties for opportunistic companies that exploit crises and break the rules and we will support small food businesses that are trying to play by the rules and get had in more competition, amines lower prices for you and your family smith no mention of her biden 7 trillion-dollar spending spree, they got us here into inflation for your highs and trump on the state is fleming harris for when he is calling, coming as price controls watch. trump: and she wants price controls and if they wer

j.p. morganealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. paul: welcome back, here's some live pictures of northern israel near the border. where has is active. and sponsor by and ran has grown even more probable and may come as soon as this week. they say israel believes a strike by iran or its proxies is more likely. washington scares -- shares the concerns. in that context we have seen the oil price rallying pretty strong. expect out today wti does brand through $80 a barrel briefly. 7933. here you see that the oil trades have wti testing that hundred day moving average against the backdrop of the tension in the middle east. let's get the latest on the impact of oil markets. and if we take a look at this rally in oil prices, to a degree we have seen this movie before. >> oil is a big driver. the tensions and abilities. what's interesting is it's not like this silen

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j.p. morganas advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. paul: let's look at tencent shares, moving around as investors had a mixed earnings report, off by about 1%. we are awaiting numbers from alibaba and jd.com. let's bring in robert lee. a mixed bag. no extension of the buyback. what is going on? why are the markets not convinced by the numbers from tencent? robert: i was say as someone who has a natural street skepticism, within that i'm british, the numbers were good. there was the exception of maybe fintech, a business that is more economically sensitive. we saw some weight come through last quarter, and a mixture actually enabled her to come on the upside, so as you said in your prelude, the net profit line numbers were about 18% had. yes, cash 18% ahead. yes, we did not see a share buyback this time. and to step in if we do see a problem with the weakness. in the reaction we'

j.p. morganlth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. paul: we've got some live pictures for you out of indonesia. an historic day. we are about to hear from -- he is going to give his final state of the nation address. he will also deliver the budget, so he will outline those plans. we got the feed coming in and out here, but this is the last time we will hear from him, giving his state of the nation address. the budget will be delivered as well. we're expecting a shortfall which brings indonesia perilously close to the top end of its gdp. it will be in the range of 2.3% to 2.8%, and there are some big ticket items indonesia is spending on. avril: indeed. we are also watching really closely amid this political transition for what the next leader has in store for indonesia. there's a lot of concern if you will carry through some policies including the changing over

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as we unwind these positions and a believe j.p. morgan said we are only halfway through the unwinding, what do you think the next phase looks like? how rocky does it get? as people reach for safety, will they overreach and make those crowded trades? gina: it is very rare we see the vix accelerate to 65 on an intraday basis. we would have to have a covid type of experienced for it to get worst desperate to get worse. -- for it to get worse. that is something to look out for. it has not happened that the conditions are fairly right for something like that to happen. our small-cap strategist has looked and basically the small-cap market is pricing for a full-blown credit event to occur. we have gone a long way to pricing already in equities for a pretty big risk off potential to emerge. it is in unpredictable kind of aspect of markets. you never know how long these things could last. i do think what we tend to do is we quickly price down. side we rapidly price down we look six to 12 months out and say how bad could it get. this is what we di

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j.p. morgan leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management lisa: we will be swimming with the moose over in jackson hole to see if they have insights into monetary policy. we are looking at a market that is poised for a seventh straight day of gains although actually giving up some of that. it has been the biggest six-day rally going back to 2022 at a time and dani, you nailed this. the real question about whether the bond market is sending a different message or paving the way for this goldilocks. dani: some peeke people can look at 50 basis points. that just gets us back to normal. after a day like yesterday when everything came up roses, everything was strong, the market has to do some serious reprice ising. given that, you can say if the labor market comes in strong with that data, maybe the bond market will have to do this all over again. lisa: we will not be focused on this next week. we will very much be focused on p

j.p. morganement has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. paul: let's recap the trade numbers out of china for july. exports growing by 7%. less than in june. way off what the market expected. imports went the other way. more than double the market expectation. reversing the contraction we saw the month before. the trade balance missed estimates, $84.65 billion. $14 billion less than estimates and $15 billion less then june. we just heard from the dbs bank chief economist she said those were not too bad, we will take it. you want looking pretty steady against -- the yuan is looking pretty steady against the greenback. stocks in hong kong up by more than 1% and tech having a reasonable day. global market movers, index in bangladesh performing pretty strongly. plenty more to with so much entertainment out there wouldn't it be great... ...if you could find what you want, all in one

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the answer is j.p. morgan wealth management ed: luck and back. -- looking back.gave a mixed picture. made its first ever profit in streaming. so many bundles come are consumers getting streaming fatigue? >> consumers do seem to appreciate having a limited number of bundles. what we have tried to do with our own offering this offer the individual pieces or if people want to get it is combined bundling more, we're happy to do that. that said, i do think you see a trend where there is probably going to be a few big competitors in the marketplace in streaming we see now between netflix, amazon, and ourselves. and smaller competitors that will have to decide how they're going to run their businesses. >> are you concerned consumers potentially are going to shrug off the price increases? what we hear from a lot of companies is we do see consumers trading down. why do you think they're willing to pay for higher price point? >> i think the biggest reason is it is always important to focus on this, the consumer receives value and what they pay is price. because we're deliv

j.p. morgantrategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management caroline: how is artificial intelligence being implemented right now? we can speak to someone about it. the cofounder and ceo of eliseai who says they have a billion-dollar innovation and it is all about helping renters. how are you doing that? >> that is correct. this is an ai technology company based in new york city that serves the housing and health care industries. both of these industries experience significant role -- significant operational challenges because the day-to-day operations are largely managed by arcane and manual processes. we provide ai technology that allows customers to automate the most important and business-critical functions. in the housing industry we provide an ai that helps with all of their needs to looking for an apartment to handling the maintenance request to even renewing the release -- even renewing the lease is. this helps housing provider

the answer is j.p. morganealth management ♪♪ more smiles per hour at the ultimate caribbean playground. visit beaches.com or call 1-800-beaches scarlet: this is "bloomberg markets," i'm scarlet fu. quite a bit of buzz around tilray today as it branches out from cannabis into beverages, purchasing four cap -- craft beer brands from molson coors. this is a move that further diversifies their portfolio following last year's acquisition of eight brands from anheuser-busch. i'm pleased to say that here now is there ceo and president, erwin simon, along with open interest cohosts, matt miller. irwin, why these brands? how do they move the needle on your long-term diversification plan? irwin: nice to see you. we started as a cannabis company, the largest in canada in recreational medical. looking for legalization to happen in the u.s. and not seeing it happen, i knew we had to diversify. one other fun area, one other adjacency was the spirits and beer industry. 2020, i wired sweetwater brewery, they had a brand calle

j.p. morganealth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. i came to bayview hunter's point, where there was only one pediatrician to serve more than 10,000 children. daniel lurie said, i'm going to help. we opened a clinic for our most vulnerable children. i have worked shoulder to shoulder with him as we have brought solutions where people thought the problem was unsolvable. daniel doesn't take excuses. he holds himself accountable. and i know that he can do it for the city of san francisco. >>> harris and walz can speak to thousands at campaign events. donald trump has been laying low down in mar-a-lago, holding fewer rallies than he did compared to previous campaigns. we know j.d. vance is his guy. sometimes it sounds like donald trump isn't so thrilled he picked vance but alas, they are teammates. where is donald trump? what do you think is going on with his campa

j.p. morgang strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management >>> when our next president walks out here and she talks about freedom, she means the freedom to make your own health care decisions. >> we trust women to know what is in their best interest and not have their government telling them what to do. >> harris and walz on the big issue. we are back with juanita and eleanor. the abortion rights issue is big. trump on defense. he wouldn't even say how he would vote or what his stance is as a leader on florida's referendum. he lives there. desantis has this abortion ban that could get overturned in november in the conservative state. in the remarks i mentioned yesterday, trump was asked about banning the abortion medication. here was his answer. >> would you direct your fda to revoke access to mifepristone? >> you could do things that will be -- would supplement, absolutely. those things are pretty open. but you have to have a vot

j.p. morganmanagement has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. paul: you are seeing live pictures of the reserve bank of new zealand governor making some remarks following today's rate cut 25 basis points in new zealand. something of a surprise. the consensus was for a hold, but there was a strong argument for a cut. we are seeing the kiwi dollar sink and impressively. this is the darkest period for the economy is right now. still to come, our exclusive interview with sm investments. why their paul: all right, let's check in on how markets are faring. plenty of news flow for traders to digest today. avril: yeah, there is a lot to go around in terms of market drivers and what to digest. markets in milan going off to lunch break. among the stocks we are focusing on today, expected to show sales growth speeding up, and this is thanks in large part potentially because of the popular

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j.p. morgan leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management lisa: it has been a typical august, and yet it has been creeping higher. it is the kind of calm that people who are bulled up like to say. the s&p 500, climbing back toward that 5500. up about .1%. one of the key stories over the past few weeks has been dollar weakness. the euro squarely above that 1.10 mark. you think, how any people are thinking, they have the european vacations in just-in-time? 10-year yields inching a little bit higher, based -- but basically flat. crewed up about .6%. we entering around, trying to understand how to rationalize and price in some of the geopolitical risks. under surveillance this morning, it is all about the economy. >> now this is a little bit different day because this is talking about a thing called the economy. they wanted to do a speech on the economy. they say it is the most important subject. i'm not sure it is. inflation

j.p. morganeading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management ♪♪ ♪♪ relax into a caribbean state of mind. visit sandals.com or call 1-800-sandals. ♪ >> it sounds like it was really volatile. we saw the biggest spike going back to the early days of the pandemic. the yield curve on inverted for the first time in two years. the s&p lost 0.04% during the week. clawing back, maybe again to reverse some of that volatility. the nasdaq clawing back some of the losses after they were thrown out with the bathwater. up about 3/10 of 1%. the russell interestingly is lower. how much is this a growth scare versus actually some sort of financial scare? you see the russell down for tenths of 1% even with some of the rates. >> it's fair to say this is not a recession. it is a process, you get there eventually. when people buy up the russell to an extreme pace, do the economics back this up? you get all of these companies and let's be honest, not

the answer is j.p. morganealth management ♪♪ ♪♪ more smiles per hour at the ultimate caribbean playground. visit beaches.com or call 1-800-beaches lisa: coming off the biggest four-day rally in the stock market data last november this is bloomberg surveillance. we are completely flat, heading into cpi coming up in less than three hours. we do see that ongoing dollar weakness, people take a look at how much the fed can cut. keeping big tech in check. >> what i oftentimes hear from the business community they want markets to be more open and more fair and more competitive rather than incumbents being able to splash out nascent competitive threats. our free enterprise system is one with the best ideas are supposed to win and we have historically seen it is the disruptors and entrepreneurs that have been a key vector of innovation. lisa: bloomberg news reporting the justice department is considering a bid to break up alphabets google. this following a landmark court ruling. it found the company illegally monopoliz

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j.p. morganlth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. ♪♪ ♪♪ ♪♪ ♪♪ relax into a caribbean state of mind. visit sandals.com or call 1-800-sandals. paul: let's check in on how things are tracking and china. we have equities positive -- modestly positive, csi 300 up by just under 0.5%. the yuan, we had a fix above 7.1 four today, first time since november, 7.146, suggests that pboc trying to avoid the risk of the dollar-you want dipping below the level we saw this month. we have seen china's big banks selling government bonds. this is according to traders. that is a sign authorities are ramping up their fight against the record debt rally we have seen. still to come, the latest on the political upheaval in bangladesh. we have an economist preparing to lead an interim government. with so much entertainment out there wouldn't it be great... ...if you could find what you w

the answer is j.p. morganmanagement with so much entertainment out there wouldn't it be great... ...if you could find what you want, all in one place? show me paris. xfinity internet customers can enjoy the ultimate entertainment experience and save on some of the biggest names in streaming, all for just $15 a month. get the fastest connection to paris with xfinity. (aidyl) hi, i'm aidyl, and i lost 90 pounds on golo. i struggled with weight loss and weight gain my entire life. with all the yo-yo dieting i did in the past, i would lose 20, 30, 50 pounds just to gain them over and over again. thanks to golo, i've been able to steadily go down the sizes in my closet and keep the weight off. for the first time in forever, i feel in control. (announcer) change your life at golo.com. that's golo.com. ed: welcome back to "bloomberg technology." ed ludlow in san francisco. caroline: i'm caroline hyde in new york. a quick check on these markets. four-straight days of gains. we are managing to see, once again, a bit of

j.p. morganlth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. caroline: is x a failing social network? that is the hypothesis of dave lee, saying in his latest piece that with the platform losing advertisers, and getting increasing scrutiny from regulators, it reeks of failing social network syndrome. dave lee is here with more. you use or reorient a phrase from a pretty famous restaurant critic, and repurpose it. why does it reek of a failing social platform? for many, with the trump discussion, it is the most active it has been for a while. dave: this was a phrase used to describe restaurants going under. they don't go under overnight or even for a few months, but there is something in the air when there is a place that is not quite right. i said that applies to x, formerly known as twitter, for many reasons. i think what has happened on that network since elon musk took

the answer is j.p. morgan with so much entertainment out there wouldn't it be great... ...if you could find what you want, all in one place? show me paris. xfinity internet customers can enjoy the ultimate entertainment experience and save on some of the biggest names in streaming, all for just $15 a month. get the fastest connection to paris with xfinity. scarlet: welcome to bloomberg markets, i am scarlet fu. it is midday in the u.s. and we had a retail sales report that is much better than expected and good news was interpreted as good news. equities at session highs with the s&p 500 gaining 1.5% and big tech doing better with the nasdaq 100. and we see bonds tumbling which is pushing yields up. the two year is more sensitive to what the fed does next which is what everyone is pricing in a 25 basis point rate cut. the two year 4.09% under 4.10%. and the 10-year yield at 3.92%. let us go back to equities because there are a couple of notable movers and abigail doolittle has him for the -- for us. abigail: th

j.p. morganlth management has advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. with so much entertainment out there wouldn't it be great... the answer is ...if you could find what you want, all in one place? show me paris. xfinity internet customers can enjoy the ultimate entertainment experience and save on some of the biggest names in streaming, all for just $15 a month. get the fastest connection to paris with xfinity. ed: welcome back to "bloomberg technology." ed ludlow here in san francisco. caroline: caroline hyde in new york. we are taking a turn. some hard selloff, looking at the names like meta dragging the index lower. we are now up by 0.1%. a half-hour ago, we were higher by 0.6%, 0.7%. we have been seeing some high flyers that have been re-loved after last week's beat up but is not much. the japanese yen, the volatility of this time last week, much of it evidenced in the yen we

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the answer is j.p. morgannagement >> emily: vice presidential candidate tim walz is finally speaking out about his military record and playing the victim. former national guard command sergeant served with walz and accused him of abandoning his unit when they were preparing to deploy to iraq. watch. >> so many people are wondering about whether he has done something wrong in service or done something personally to offend you. >> no, he did something wrong in service. he told me no, i'm going forward and we will go with the battalion and go from there. he went around me and the fact is that there is a possibility probably would have realized that i probably would know it's too late, you are going forward. we already received the notification of sourcing and there's one other little detail that people say he had not been notified yet, yes, he had been notified. >> emily: and thomas behrens also says he has touted for decades over and achieved. >> it is stolen valor, he has used the rank that he never achieved in

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the answer is j.p. morgan wealth management scarlet: this is "bloomberg markets."dman sachs says investors will have a brief window to buy the dip in stocks in august and it all has to do with funds. natalia has the details. >> systematic funds were sold pretty aggressively not just during the past week, but over the past few weeks with a chart here showing systematic funds with well-controlled funds like the s&p 500 and risk disparity with a huge drop down. those funds, they typically follow market signals on volatility rather than fundamentals. it's really important to keep an eye on that. goldman sachs says that those funds sold about 108 billions in global stocks. it may sound like not such a huge number when you compare it for example to the market cap of the s&p 500, however when they start selling, you really feel it. so, where it is a go from here? goldman sachs, scott there was correct when he predicted the latest selloff and is getting more tactically bullish with a small window of an opportunity to buy the dip starting on august 30 to early september wit

j.p. morganding strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management [floor creaks] (♪) (♪) (♪) relax, you booked a vrbo. >> harris: when the president of the united states handpicks you to be in charge of the border, well, maybe you want a running mate who thinks like you. kamala harris' new running mate has a record on the border, and it's coming under scrutiny. in july, tim walz went after donald trump's idea of a border wall. watch. >> he talks about this wall. i always say, let me know how high it is. if his 25 feet, i'll invest in the 30-foot ladder factory. >> harris: okay, so february of 2024, you got the wall hanging there and then you've got this, let's turn minnesota into a century state. let's make the sanctuary cities shine. well, he signed that legislation, and there was some bipartisan pushback in his state, but check it out. then he pushed her sanctuary cities in states in general. watch. >> should minnesota be a century

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j.p. morganhas advisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. lisa: coming into a different week than last week this one's quiet we are seeing the s&p almost flat after a disappointing earnings report seemed to temper some of the early optimism across the board. a sleepiness we saw similar on yesterday. under surveillance fighting for a soft landing. >> to look at the economy and totality yes to see some weakness what your also good to see some areas of strength. what we are seeing is a market of investors and speculators that are overreacting to economic weakness and ignoring economic strength and the minister -- in the economy. this is so incredibly important because not only will you see financial market indicators you'll get a sense of how mainstreet is doing, that's due to all this data that the market is following so closely. >> u.s. ppi data at 8:30 eastern. the first in a series o

j.p. morganadvisors in chase branches and tools, like wealth plan to keep you on track. when you're planning for it all... the answer is j.p. morgan wealth management. >> equities bouncing back. futures up by 1.2%. it bye-bye soft landing. >> the data already justify a 50% move. the fact that the unemployment rate is up to four point 3%, 30 basis points higher than where they think it will be by year end. it is not about just the data as it has come in although they want to make it but the economic outlook. i think it is skewed to the downside and it is important for the fed to neutralize by easing monetary policy. jonathan: weaker than expected payrolls print, putting athersys -- emphasis on jobless claims. michael darden said bye-bye soft landing. double digit earnings for the next 12 months looking increasingly out of sync with the evolution of the macroeconomy. michael darda joins us for more. i want to explain something from the audience, the quote in the timestamp is really important. that