katie: from new york city, for viewers worldwide, i am katie greifeld.omberg real yield starts right now. coming up, still sticky inflation has fed official sounding hawkish, feeling a continued crime -- climb in treasury yields and signs of weakening demand on thursday's 30 year sale. maybe the fed's job is not finished yet. >> we have a lots of pricing pressure from services. >> fear free acceleration. >> where is the real acceleration going to come from? >> it is not exactly what the fed wants. >> i think they are done on rate hikes. >> i don't think the fed has done enough. >> that will bring inflation down to 2%. >> the doors open for a hike in november. >> it could be the fed skips the next meeting and then hikes again. >> we do not see rate cuts in 2024. >> we have a lot of crosscurrents in the data. >> the fantasies -- the fed sees putting inflation down as a marathon not a relay race. katie: joining us. eric, when you put together everything we learned on the economic front from ppi to cpi in the past 24 hours, what does this mean for the fence

katie: i'm katie greifeld.e now for the auction block where europe was quieter than here in u.s. we had another day of zero sales in the region. the whole week in total saw one deal. we have seen 23 80 days this year. in u.s. it was a different story. wiki volume top $34 billion led by another cell from wells fargo. in high yield supply hitting $100 billion for the year jumping by over 40% year-over-year. it is the slowest for new issuance since 2009. cities richard says fitch's you downgrade -- u.s. downgrade has -- >> i think those companies benefited because i think if you look back a few years ago we had a european prices come he saw a number of investors replace sovereigns in the portfolio with multinational corporates. you could see that happen here. unfortunately, the group of companies is small enough that you cannot, there's only so much you can do. katie: joining us now we have blackrock made outlining -- amanda, most of the conversation around the u.s. downgrade has been related to the treasury marke

. >> i am katie greifeld, rather. i had to think about it but i am katie greifeld.e s&p 500 is up 3/10 of 1%. the bond market is interesting. it

katie: i'm katie greifeld. we are kicking you off to the closing bell with about two hours to go. the s&p 500 did fight back to positive territory then sank a little bit down about 1/10 of a percent. the nasdaq 100, of about .3%. headed for a

katie: and i'm katie greifeld. we are kicking you off to the closing bell. look at how equities are doing on this first trading day of august. it is not pretty. the s&p 500 off about 0.3%. big tech index only doing slightly better. the nasdaq off about 0.2%. in the bond market, you are looking at quite the selloff.

. >> i'm katie greifeld. about two hours to go to the closing bell.re looking at a down market. the s&p off by .2%. big tech taking the brunt of the selling. the treasury selloff continuing. you take a lok

katie: and i katie greifeld.mic than what we're looking at 24 hours ago. an s&p 500 off 0.8%. had been down off 1% but clearly deeply in the red. nasdaq 100 the tech is taking the brunt of the selling pressure. a bid into bonds. the 10-year above 4%. it was below that earlier and curre

. >> i am katie greifeld kicking you off to the closing bell in the u.s.ours to go, looking at a rally. s&p 500 index had been lower for three days, not the case on this friday. up by .4%. after the jobs report, headline figure coming in below expectations. that seems to be sparking a relief rally in stocks and in bonds. big tech rallying, the nasdaq 100 up .6%

. >> i'm katie greifeld, kicking you off to the closing bell. we have about two hours to go.saw, fading a bit. the s&p off by .3%. that bounce fading in big tech as well. the nasdaq 100 off by .2%. pretty small moves overall. still definitely a down day and markets -- in markets. a little bit of a bid coming back into the bond market after the long end of the curve. treasury yields down about two basis points.

and i'm katie greifeld. kicking you off to the closing bell here in the us. less than two hours to go into the close and you're looking at a market with pretty red moves on the screen. the s&p 500 off as two is the nasdaq 100. i'm not going to say good news is bad news, but i could because retail sales came in hotter than expected. that's increasing bets that the fed will have to doo

katie: from new york city, for viewers worldwide, i am katie greifeld. bloomberg real yield st

katie greifeld has been taking a deep dive into the world of etf's. flows like as tech cells off? katie: as always, there is an etf for that. driv, autonomous and electric vehicles etf, the largest tv-related etf -- ev-related etf it is still up 19% on the year to date basis. you look at the left-hand side of the truck and you can see it is pretty much a straight line down, down 14% in the month of august. definitely some of the euphoria has cooled. let's zoom out and look at the five-year chart. we had started to see some of the enthusiasm come back since the end of 2022. that is fizzled. we are so far away from the halcion days of 2021, but still up over 63% on a five-year basis. that is outperforming the s&p 500 but a bit below the nasdaq 100. it is an ev fund, but a lot of tech stocks in there. a lot of the chipmakers. we have the likes of tesla as well. traditional automakers in the likes of toyota. these are exactly the names that have been getting slammed recently. that goes a long way to explaining, but again, the euphoria has come out of name

live from studio to at bloomberg headquarters in new york, i'm katie greifeld.are kicking you out to the closing bell here in the u.s. we had a triumphant week for stock bulls but it is fizzling a bit. the s&p 500 is up .1%. it was lower earlier. there are some individual stories that we will be getting through today. the

the ark investment management ceo and cio will bloomberg's katie greifeld.hie: i think the sec if it is going to approve a bitcoin etf will approve more than one at once. so, then, again because most of these essentially will be the same and it will come down to marketing, communicating the message. we have been putting out our bitcoin monthly for the last year. we are now starting a bitcoin brainstorming session. our first when we launched last thursday. so, we are trying to get the word out there that our research is deep, and we have been doing it since 2015 when we gained our first exposure to gbtc. we were the first public asset manager to gain exposure to bitcoin at all in 2015. katie: that is where i want to go, the grayscale bitcoin trust known by gbtc. if you look at ark w, your next generation etf, it is the third-largest holding. if we are in a situation where the sec does give its blessing for a spot-bitcoin etf, would you plan to sell out of gbtc and by a physically backed fund? cathie: i cannot talk about we will -- what we would and would not

katie greifeld is here to answer that question. and is it economy, consumer, financial assets?hat gets hurt by higher for longer? nicole: let's go with markets first. you see a selloff in the thing that everyone piled into treasuries. the recession trade is over the soft landing and higher for longer trade is starting to be entrenched. i'm not sure is people -- with people taking it as bad news one day and good news for another. in the u.k. the markets blog looks obsessed with what is happening in the u.k. housing market. i will go with u.k. housing market. higher for longer, as think they have a more novel medic higher for longer narrative than the fed does. mortgage rates here they are refinanced in the very short-term term. anyone who is refined -- free not -- refinancing will panic around that. and the majority of market has to finance pretty soon. alix: i told you. and to that point, we have been waiting for that for a bit. we've been waiting for the consumer to roll over and we waited for jobless claims to tick higher. add what gets hurt at higher for longer if it is not

. >> welcome to etf iq, and katie greifeld.levels, we're going to continue to watch. we are excited about the $10 trillion global etf industry. we want to talk -- we're going to talk to cathie

. >> i am katie greifeld. we are looking at another day of gains on the s&p 500.write home about but positive nonetheless. big tech doing even better. you are seeing yields fall.

avalarahhh ahhh katie: from new york city, i am katie greifeld.. coming up, a mix just report

arbitrary and capricious because they had not treated others in the same way and our colleague, katie greifeld, who leads our coverage points out this is were just one thing that might happen this week. there's a deadline friday for blackrock, 811 shares deadline saturday. what happens next to your mind? aya: again, i think the market was simply caught offguard here and we were expecting this gpt see news to come out in the last two weeks, so on the backs of macro, on the backs of jackson hole, you are seeing the market was not expecting this news and overall sentiment was negative, volatility was at its lowest. what that sets us up for is a very volatile q3 and q4. we are probably going to see the next three months have a lot of activity between these different players and the legal bandwidth of blackrock and fidelity as well as arc, it will be far larger than some of the crypto players and we will likely see conversations get pushed further than what we have seen to date. it is exciting for the united states. ed: who benefits the most from this? if an etf is approved, beyond the etf provider

michael: katie greifeld will show up and we will have a crypto jobs day.rate to the conversation on economics. it is not what the economist but with andrew of citigroup who joins us. interesting. a lot of talk about the conviction. will give you a little history. there is a character and culture to each school and the character of culture of mid 20th century ucla economics was one of courage. an entrenched faculty pushing against the freshwater economist, pushing against those liberals up in new england as they are. they were different at ucla. a guy who died in 88 last year, he was a hero in my house and someone once said to me he was the marine coming out of the trenches. andrew has been the marine in this odd on fed cycle. you have taken shrapnel for your high-yield call. people are like no. yet you reaffirm the fed higher this morning. andrew: if you look at the economic data -- the first time on the show. thanks. if you look at the economic data, it keeps coming in, showing a tight labor market. we keep getting these numbers from spending. i don't thi