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May 23, 2022
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kriti: easing of inflation and growth slowdown. we bring the conversation full-circle, but gelsinger says that cannot happen until 2024. that will be sayer -- solved years away. and over spite for the stock market until we hit a recession -- that means nobody spite for the stock market until we had a recession. >> it is tough to fix. there are others where you can make a credible case that inflation should be lessened. we have people who come into the labor force which may lead to a slowdown in wage growth. we see some issues on the rental side as well. the key risk to the market is that inflation does not subside quickly enough to allow the federal reserve to make the pivot everyone expects. there is a huge difference if the pivot happens in september or october versus deep into next year because of the inflation outlook. i agree that this is an unusual period or action on the supply side is the most called for, policies to bring people into the labor force would be helpful in the agricultural system and the semiconductors. the ce
kriti: easing of inflation and growth slowdown. we bring the conversation full-circle, but gelsinger says that cannot happen until 2024. that will be sayer -- solved years away. and over spite for the stock market until we hit a recession -- that means nobody spite for the stock market until we had a recession. >> it is tough to fix. there are others where you can make a credible case that inflation should be lessened. we have people who come into the labor force which may lead to a...
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May 25, 2022
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kriti: let's dive into the price action here. we see green on the screen and we are up almost .7% when it comes to the s&p 500 but the stock market has since paired the gains. we even went to the negative territory, only a .2%. it is the vix catching my eye, a 29 handle on the volatility gauge. we know from the last six sessions we see 30 become the market, the resistance level if you're into the technicals, between 29 and 32 becoming the short-term range for the volatility. we will keep an eye on that. anything above 30 might signal more conviction in one direction or the other. let's talk about the bond market. 275 on the tenure and we will keep an eye on that, especially as we continue to see the dollar strengthened. even though it does not have the yield push it has right now. let's dig in more into the market story and bring in abigail doolittle. abigail: we do have arc kids super chappie -- super choppy. last week for the s&p 500, the big question is, are we ever going to get some sort of bounce? i can march we had one. if
kriti: let's dive into the price action here. we see green on the screen and we are up almost .7% when it comes to the s&p 500 but the stock market has since paired the gains. we even went to the negative territory, only a .2%. it is the vix catching my eye, a 29 handle on the volatility gauge. we know from the last six sessions we see 30 become the market, the resistance level if you're into the technicals, between 29 and 32 becoming the short-term range for the volatility. we will keep an...
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May 18, 2022
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kriti: this is bloomberg markets. i'm kriti gupta.hing that caught my eye, inflation getting higher, costs rising around the world. here is something that caught my eye. the fed misery index, a combination of inflation and unemployment, at a 30 year high. you can see this going all the way back with this major spike up. but we haven't actually seen this low of a dutch seen this since the late 80's. the question for economists and strategists is do you have the same parallels you are seeing at the end of the 80's, the growth boom at the end of the 80's? is the picture there -- fair to compare? we are seeing this major move and a lot of that driven by inflation, not necessarily unappointed. even as we talk about extremely tight labor market, what happens if those fears about demand destruction and recession come to fruition? that is where you have to keep an eye on this metric because that is not just about rising prices but the potential of unappointed. we will talk about this next, vincent joins us, but david solomon of goldman sachs
kriti: this is bloomberg markets. i'm kriti gupta.hing that caught my eye, inflation getting higher, costs rising around the world. here is something that caught my eye. the fed misery index, a combination of inflation and unemployment, at a 30 year high. you can see this going all the way back with this major spike up. but we haven't actually seen this low of a dutch seen this since the late 80's. the question for economists and strategists is do you have the same parallels you are seeing at...
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May 5, 2022
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kriti: thank you so much, we will.avid wright, and extreme bear when it comes to the stock market. we are continuing to see the losses down re-.3% in the s&p 500. still ahead after the rest of the market dropped. twitter shares rise as elon musk gets an extra 7.1 billion dollars in funding for his takeover of the social network. we will discuss the latest next. this is bloomberg. ♪ kriti: this is bloomberg markets. as we see a sea of red, one stock in the greenest twitter. elon musk secured $7 billion in new financing commitments. joining us now with the details as ed ludlow. this used to be a deal nobody wanted to touch and now you are seeing $7.1 billion in the works. ed: it's interesting, changes in the structure of the deal. the margin loan is reduced from $12.5 billion to $6.25 billion. then as a who's who. larry ellison, saudi prince, andrews and horwitz the base contributes a $500 million. it raises questions about what those people want to do with the twitter platform and why did elon musk go to them as investo
kriti: thank you so much, we will.avid wright, and extreme bear when it comes to the stock market. we are continuing to see the losses down re-.3% in the s&p 500. still ahead after the rest of the market dropped. twitter shares rise as elon musk gets an extra 7.1 billion dollars in funding for his takeover of the social network. we will discuss the latest next. this is bloomberg. ♪ kriti: this is bloomberg markets. as we see a sea of red, one stock in the greenest twitter. elon musk...
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May 19, 2022
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this is bloomberg. ♪ kriti: this is "bloomberg markets" and i am kriti gupta.ding it difficult to keep up with inflation, what happened to the inflation hedge trade? it used to be so simple, you sell bonds and by bitcoin, how does it work? or buy tech, for insulated and enable -- and able to weather some supply-chain challenges. when we look at performance, it is not quite work that way. this is a chart of the major financial indexes, s&p 500, treasuries, commodities, and bitcoin in red. you can see as an inflation hedge, the only thing that outperformed here was commodities. this purple line appear and it moved pretty well. here is a problem, what happens when you have scarcity in those commodities? food inflation, and those become so volatile you see open interest collapse? that will be the major issue, especially when it comes to whether or not it going, the s&p 500 treasuries or commodities are the correct inflation hedge. we are going to break all of this down for you in the next couple hours and next couple months. stick with us. this is bloomberg. ♪ at f
this is bloomberg. ♪ kriti: this is "bloomberg markets" and i am kriti gupta.ding it difficult to keep up with inflation, what happened to the inflation hedge trade? it used to be so simple, you sell bonds and by bitcoin, how does it work? or buy tech, for insulated and enable -- and able to weather some supply-chain challenges. when we look at performance, it is not quite work that way. this is a chart of the major financial indexes, s&p 500, treasuries, commodities, and...
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May 11, 2022
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kriti: michael mckee, -- 2023. kriti: michael mckee thank you. consumer prices in the united states rising by more than forecast in april, indicating inflation is had to persist at elevated levels or even longer. joining us through the numbers is bluest -- bloomberg u.s. economy reporter reade pickert. thank you as always. walk us through the numbers. looking at some of these numbers, it seems food inflation seems to be the biggest concern. reade: absolutely. something to keep in mind with this report in particular is, due to mathematical reasons, even though you have the strong month over month readings, you saw the year-over-year number edge up a little bit. so the peak inflation that we were talking about heading into this report is likely behind us. when you dig into the details of the report, you see that not only did inflation come in hotter than expected, it was broad-based gains. thing about increases in things such as rent, airline fares, new vehicles, food, all of these things are weighing on the average american's budget and are concer
kriti: michael mckee, -- 2023. kriti: michael mckee thank you. consumer prices in the united states rising by more than forecast in april, indicating inflation is had to persist at elevated levels or even longer. joining us through the numbers is bluest -- bloomberg u.s. economy reporter reade pickert. thank you as always. walk us through the numbers. looking at some of these numbers, it seems food inflation seems to be the biggest concern. reade: absolutely. something to keep in mind with this...
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May 12, 2022
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this is bloomberg. ♪ kriti: this is bloomberg markets. i'm kriti gupta.irbnb has announced what it is calling its biggest change in a decade. it includes a way to search consumer protections. emily chang is standing by with brian chesky. emily: thank you. ryan, thank you so much for joining us. this new way of searching makes it so much easier to discover things you never would have thought of. i thought omg was the coolest category, then i discovered castles in france for $100 a night. do you think tonight is the right time to change the way you search? brian: because travel has probably changed more than it ever has a since world war ii. because of the pandemic, now millions of people don't have to go back to an office five days a week. because of that it means they are more flexible. can go away for the summer, they can go away for three day weekends. the book and travel for a lot more time. we realized the way you search online for the 25 years has not changed. it is a big search box and asks you where you are going. but most people are flexible and c
this is bloomberg. ♪ kriti: this is bloomberg markets. i'm kriti gupta.irbnb has announced what it is calling its biggest change in a decade. it includes a way to search consumer protections. emily chang is standing by with brian chesky. emily: thank you. ryan, thank you so much for joining us. this new way of searching makes it so much easier to discover things you never would have thought of. i thought omg was the coolest category, then i discovered castles in france for $100 a night. do...
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May 26, 2022
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kriti: this is bloomberg markets. i'm kriti gupta with jon erlichman. conservative stance as the year -- turns increasingly challenging for the brand. we turn to a senior analyst with bloomberg intelligence covering software and i.t. thank you as always for joining us. let's start with the fact that they are keeping production flat. is this a temporary thing when it comes to their long-term plan, especially when dealing with margin costs, higher wages, higher inflation even? your take. >> flat is not bad, frankly speaking, because if you were to look at iphone numbers, i think we already expected that to happen because of supply chain problems in china because of covid. as i have said many times, for us, this is not demand instruction. it is a case of expanding the refurb cycle. if the refurb cycle is 3.5 to four years, you will sell 200 million units a year irrespective of what is happening, so that is maybe where the catch is in our view. >> obviously a story like this is a reminder of how deeply tied a company like apple is to china both as a consume
kriti: this is bloomberg markets. i'm kriti gupta with jon erlichman. conservative stance as the year -- turns increasingly challenging for the brand. we turn to a senior analyst with bloomberg intelligence covering software and i.t. thank you as always for joining us. let's start with the fact that they are keeping production flat. is this a temporary thing when it comes to their long-term plan, especially when dealing with margin costs, higher wages, higher inflation even? your take. >>...
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May 16, 2022
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kriti: this is bloomberg markets.hina's economy is paying its price for the zero covid policy with industrial levels sliding to their lowest level since the pandemic again step let's dive into this china data because we have industrial output sliding, consumer spending as well but when you look at the global economy, it's the industrial out with that has a bigger ripple effect given the chinese economy. how concerned should we be? christine: very concerned, this latest set of data is only the beginning in terms of reflecting a turn for the worse. they really doubled down on the covid policy and we are seeing that impacting the economy and we've already seen authorities in china preempt this by pledging more support for the economy by providing more policy easing but when you get headwinds like this out of china, the data is taking a turn for the worse and that puts a lot of pressure on the authorities to provide more support. jon: when people want to talk about something like stagflation, they look at the economic fro
kriti: this is bloomberg markets.hina's economy is paying its price for the zero covid policy with industrial levels sliding to their lowest level since the pandemic again step let's dive into this china data because we have industrial output sliding, consumer spending as well but when you look at the global economy, it's the industrial out with that has a bigger ripple effect given the chinese economy. how concerned should we be? christine: very concerned, this latest set of data is only the...
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May 3, 2022
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more on that next, this is bloomberg. ♪ kriti: this is bloomberg markets, i am kriti gupta with jon erlichmanpresident biden is urging the election of war -- more lawmakers that support a brochure rights -- abortion rights. joining us is our washington correspondent. that is get right down to it. what is the likelihood of roe v. wade getting overturned? annmarie: if you look at the opinion by the opinion by dislike draft, it does look like there is potential. we already heard from the supreme court, the authenticity of this draft, yes, it is authentic. but it does not mean it is the final opinion. should note, this leaked draft is from february. these court documents are fluid, obviously the opinion could have changed slightly. but there is this concern amongst the democratic party and the president himself that this could potentially happen. should also note that justice roberts has said it is an egregious act, it goes against the institution of the supreme court and the ability for individuals to do their work. they are going to be going after the week, -- leak, which has sent drama through
more on that next, this is bloomberg. ♪ kriti: this is bloomberg markets, i am kriti gupta with jon erlichmanpresident biden is urging the election of war -- more lawmakers that support a brochure rights -- abortion rights. joining us is our washington correspondent. that is get right down to it. what is the likelihood of roe v. wade getting overturned? annmarie: if you look at the opinion by the opinion by dislike draft, it does look like there is potential. we already heard from the supreme...
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May 6, 2022
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kriti: i am curious about the currency picture.f many hop out of bonds and go to cash, is the dollar a no-brainer traded? matthew: ultimately the dollar is rallying on accommodation of factors that it usually will move to. one is the policy divergence we see being put into place by the fed against the bank of japan, the ecb, against the pboc, china. you also have growth elements that favor the dollar currently, including strong growth in the u.s. economy, labor market report, hat tip to that idea but when you move overseas, you do see weakness in china. there are concerns about the zero covid policy approach in the marketplace and concerns about the growth expectation channel favoring the dollar. guy: do you still think we are underpricing the fed? how far does the fed have to go. you have people talking about the fact that we need to deliver on the guidance laid out by chairman powell. how high do rates in the united states need to get in order to deliver the demand structure the fed needs to see? matthew: guy, that is a problem t
kriti: i am curious about the currency picture.f many hop out of bonds and go to cash, is the dollar a no-brainer traded? matthew: ultimately the dollar is rallying on accommodation of factors that it usually will move to. one is the policy divergence we see being put into place by the fed against the bank of japan, the ecb, against the pboc, china. you also have growth elements that favor the dollar currently, including strong growth in the u.s. economy, labor market report, hat tip to that...
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May 17, 2022
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kriti: this is "bloomberg wall street week." i am kriti gupta with jon erlichman.dministration will fully block russia's ability to pay bondholders after the deadline next week. it could bring moscow closer to the brink of default. joining us is kristine aquino, thank you for joining us. let's talk about what this means. 490 million dollars of payments due by the end of june. how close are we getting to a default? kristine: you know, for a while we took a step back from that because russia showed its ability and willingness to finally dig into those domestic dollar reserves and service their debt after attempting to pay that in rubles, which was not in line with the bond documents. now we are another step closer to default because of this u.s. move. what this goes to show his you cannot take for granted how close russia can get to a default situation until we get more of a permanent resolution to the situation. i think with the u.s. is doing is upping the ante for russia and forcing them to try to make those payments or make more concessions, either with regards to
kriti: this is "bloomberg wall street week." i am kriti gupta with jon erlichman.dministration will fully block russia's ability to pay bondholders after the deadline next week. it could bring moscow closer to the brink of default. joining us is kristine aquino, thank you for joining us. let's talk about what this means. 490 million dollars of payments due by the end of june. how close are we getting to a default? kristine: you know, for a while we took a step back from that because...
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kriti: i want to talk about the currency story.past life i believe you were a market strategist. when talking about the federal reserve, you are also seeing some extreme dollar strength, weakness in the rest of the world. you talked about mexico. i'm curious about the implications of dollar strength on supply chains? mark: fascinating what you said in the way that supply chains are changing and the effect on currency. there is a tug-of-war from the federal reserve to the bank of japan on how they want to play the interest rate cycle, how much you want to forgive on your currency. i don't think that will change anytime soon. i think that drives warehouse decision-making, employee decision-making. it seems like that dollar strength will continue from here on out. guy: where are you seeing supply chain issues? i have been to some of your facilities, you use a lot of robots. increasingly, you are going to use more of them. talk about how that side of the business is evolving as we see this tight labor market. mark: you hit on it with t
kriti: i want to talk about the currency story.past life i believe you were a market strategist. when talking about the federal reserve, you are also seeing some extreme dollar strength, weakness in the rest of the world. you talked about mexico. i'm curious about the implications of dollar strength on supply chains? mark: fascinating what you said in the way that supply chains are changing and the effect on currency. there is a tug-of-war from the federal reserve to the bank of japan on how...
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May 10, 2022
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kriti: boris jordan, thank you as always.ing up, cleveland fed president discusses the path of monetary policy and her concerns about inflation. this is bloomberg. jon: for what it's worth, our number at this hour, 437. the -- $4.37, the average price per gallon for those filling up. we were talking yesterday about how those refining margins are reality right now. it is a tight supply in terms of taking oil and getting it to the gas stations. as we move into summer, this is one of those inflationary pressures a lot of people are dealing with. kriti: it's interesting how much of that is going to eat into demand. we've been talking about demand in the industry for so long, but some of these railroads are not seeing the same thing. your point, curious about what that's ketamine for the summer season. at the pump is also where inflation is being felt by several, many consumers across the country and other nations across the world. today, the cleveland fred -- fed president spoke about the central banks rate path. >> we don't want
kriti: boris jordan, thank you as always.ing up, cleveland fed president discusses the path of monetary policy and her concerns about inflation. this is bloomberg. jon: for what it's worth, our number at this hour, 437. the -- $4.37, the average price per gallon for those filling up. we were talking yesterday about how those refining margins are reality right now. it is a tight supply in terms of taking oil and getting it to the gas stations. as we move into summer, this is one of those...
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kriti: this is such a historic moment here. christine lagarde saying we're not going to see negative rates in regards to the e.c.b. this is fueling some of the euro strength, dollar weakness we're seeing, at a time when the market is laser focused on whether or not e.c.b. and the other central bankers are behind the curve. as well as what this are they going to do between closing the spread at a time when of course we know the famous comments from christine simply saying, she's not here to close the spread. it's interesting that we're witnessing all of this at once. jon: and look at the price realities. they talked about the invasion of ukraine and obviously in europe they continue to watch what's happening. in oil prices here in north america, we go beyond what's happening in oil and say the inflationary impacts but obviously for christine lagarde, being able to zero in on the price pressures beyond oil is something they're going to want to keep watching and the underlying demand as well and the concerns on that front as a rea
kriti: this is such a historic moment here. christine lagarde saying we're not going to see negative rates in regards to the e.c.b. this is fueling some of the euro strength, dollar weakness we're seeing, at a time when the market is laser focused on whether or not e.c.b. and the other central bankers are behind the curve. as well as what this are they going to do between closing the spread at a time when of course we know the famous comments from christine simply saying, she's not here to...
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kriti: that is what is powering the market. if you don't have a strong consumer, do you have a strong economy? that appears to be the question. forecasting whether or not it will be strong, that is was important. this morning, the economic data is showing that consumers are still spending in the face of high inflation. this is real spending paid it is up higher for a fourth straight month. there is green on the screen. it tells you that people are still spending. sure, at a slower pace, but the economy is strong. the consumer is strong. what are markets worried about? that is what is the narrative. jon: joining us with more perspective on all of that is sarah. she is the director and senior economist with wells fargo corporate and investment bank. thank you for being with us. obviously, given the state of the jobs market, there are a lot of people that are getting a steady paycheck. it allows them to pay for stuff in their lives, but on the inflationary front, this is been one of the big questions. at what point does the spendi
kriti: that is what is powering the market. if you don't have a strong consumer, do you have a strong economy? that appears to be the question. forecasting whether or not it will be strong, that is was important. this morning, the economic data is showing that consumers are still spending in the face of high inflation. this is real spending paid it is up higher for a fourth straight month. there is green on the screen. it tells you that people are still spending. sure, at a slower pace, but the...
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May 20, 2022
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jon: what -- kriti: what beacon does the s&p 500 follow? it was techm the dollar, foreign investors, oil. what cross asset signals should the market be following? brian: the market needs to see inflationary pressures moderate. as inflationary pressures moderate rates stabilize. some of these businesses, some companies that are good quality businesses that have been beaten up significantly because of the sector they are in or concerns about their ability to get parts or this challenging supply-chain issue, we need to see some type of stabilization in the tech sector. these are the companies that led us to new highs increasingly last year and have been on the cross hairs as inflationary pressures have mounted. a moderation and inflationary pressures would start to go a long way to put some floor under these tech names that are still the largest concentration names of the s&p 500. jon: i was talking at the top of the have power how quickly we saw this 20% slide, basically in the never of 4.5 months. cap we had periods where it happen faster? y
jon: what -- kriti: what beacon does the s&p 500 follow? it was techm the dollar, foreign investors, oil. what cross asset signals should the market be following? brian: the market needs to see inflationary pressures moderate. as inflationary pressures moderate rates stabilize. some of these businesses, some companies that are good quality businesses that have been beaten up significantly because of the sector they are in or concerns about their ability to get parts or this challenging...
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kriti: always a pleasure. former federal reserve economist and stay at founder, we appreciate your time. the market is still lower but gold is higher. we are going to get insight on gold and precious metals from randy smallwood of wheaton precious metals, that conversation next. this is bloomberg. ♪ kriti: this is "bloomberg markets." gold is headed for a third straight weekly drop, it's long as one of losses since december. this is an interesting dynamic. gold under pressure in line with this risk appetite when usually when stocks sell off, people should be going to gold and instead, you are seeing dollar strength. jon: that dollar story, you could talk about it for the full half-hour. we don't have all that time. it is a dynamic we will keep watching. i spoke to one market water earlier who made the argument, go back to the 1970's charts, look at the early commodity movers, and a follow one move from gold. the idea that maybe bullion has not had the run that some expected but that might be to come. kriti: le
kriti: always a pleasure. former federal reserve economist and stay at founder, we appreciate your time. the market is still lower but gold is higher. we are going to get insight on gold and precious metals from randy smallwood of wheaton precious metals, that conversation next. this is bloomberg. ♪ kriti: this is "bloomberg markets." gold is headed for a third straight weekly drop, it's long as one of losses since december. this is an interesting dynamic. gold under pressure in...
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May 13, 2022
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kriti: this is bloomberg markets. stocks are not the only thing rallying today with bit going up 5% but down 15% since last weekend. s there was a lot of volatilitya this week in all parts o market. sanali: bitcoin is only up 3% over 24 hours bringing a seven day declined to almost 16. it's one of the most volatile weeks bitcoin has hadn't if you look at what happened, it's what bloomberg calls an uneasy calm. we are looking at the drop off and it's still continuing with other stable coins that have deep pegged to the dollar -- de-pegged. jon: we want to bring in early crypto adapter and investor dan moorehead, the former lawn trader. he is the ceo of pantera capital. this has been a wild week. you had a few of those of your time in the crypto markets so where does this rank? >> it's right on the weighted average. there have been six-day cycles and crypto since we started 10 years ago and we are literally right on the average. having seen these cycles is we are pretty much done. the market will get going back up again
kriti: this is bloomberg markets. stocks are not the only thing rallying today with bit going up 5% but down 15% since last weekend. s there was a lot of volatilitya this week in all parts o market. sanali: bitcoin is only up 3% over 24 hours bringing a seven day declined to almost 16. it's one of the most volatile weeks bitcoin has hadn't if you look at what happened, it's what bloomberg calls an uneasy calm. we are looking at the drop off and it's still continuing with other stable coins that...
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May 9, 2022
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kriti: this is crucial because we are talking aware -- talking about where u.s.he others can find more to make up the russian demand. but when you get it, can the refiners catch up and handle the additional supply? and that is important when we talk about what the average american feels at the pump. we caught up with the atlanta fed president and asked him about that. >> when i think about our policy, the first thing on my mind is that the placement is too high. we need to act definitively to try to get that under control. if you look at what we have done so far is started that process. for me, 50 basis points over the last 20 years you know is already an aggressive move. i don't think we need to move more aggressively. i think we can stay at this pace and cadence and see how the markets evolve. my expectation and hope is that as we move closer to our neutral levels and away from our accommodative stance, that we will see a lot of the tightness and tension in the economy start to moderate, which can then make -- give us options for what we do after that point. >>
kriti: this is crucial because we are talking aware -- talking about where u.s.he others can find more to make up the russian demand. but when you get it, can the refiners catch up and handle the additional supply? and that is important when we talk about what the average american feels at the pump. we caught up with the atlanta fed president and asked him about that. >> when i think about our policy, the first thing on my mind is that the placement is too high. we need to act...
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craig up to on what is happening with these kriti gupta on what is happening with these markets -- kriti gupta on what is happening with these markets. let's turn to geopolitics because that is still front and center. vladimir putin says russian troops in ukraine are fighting to ensure that there will not be a repeat of a global conflict but the second world war. meanwhile, the united states says it's sanctions have degraded the russian war effort. we spoke to the deputy treasury secretary a little earlier. >> today, because the actions the office has taken, the two top tank makers and russia are not functioning because they cannot get access to the goods and services they need to do the work they are doing. yesterday we sanctioned some of their top military companies as well. guy: let's get some analysis on all of this. where are we in this conflict? where are we going? in what condition a russian forces? joining us is sean bell, retired from the royal air force. he was an air vice marshal in the royal air force. he knows what he's talking about when it comes to these sort of stories. l
craig up to on what is happening with these kriti gupta on what is happening with these markets -- kriti gupta on what is happening with these markets. let's turn to geopolitics because that is still front and center. vladimir putin says russian troops in ukraine are fighting to ensure that there will not be a repeat of a global conflict but the second world war. meanwhile, the united states says it's sanctions have degraded the russian war effort. we spoke to the deputy treasury secretary a...
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May 2, 2022
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kriti: let's get to a big conversation. mark loewen spoke with erik schatzker earlier today at the milken global conference. listen to what he had to say. >> the key point i was making is everything you believe prior to 2008 no longer exists. jon: for more on the markets today, let's get more insight and analysis from michael regan. i guess we should start with the significance of the 10-year yield getting to the 3% threshold. we have had past conversations around how stock market investors would feel about it. we have already been feeling that for several months in the equity market. what is your take on what is going on? >> i think that is true. i also think there is something to be said about when the 10-year yield is rising. the notion there is no flight to safety that will push money into bonds and bring yields back down is alarming for equity investors to digest because it means, what is the ceiling on rates? we don't know what would motivate people to come in and buy the bonds and bring rates down. there was a lot of
kriti: let's get to a big conversation. mark loewen spoke with erik schatzker earlier today at the milken global conference. listen to what he had to say. >> the key point i was making is everything you believe prior to 2008 no longer exists. jon: for more on the markets today, let's get more insight and analysis from michael regan. i guess we should start with the significance of the 10-year yield getting to the 3% threshold. we have had past conversations around how stock market...
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May 27, 2022
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this is the single best chart kriti has ever done.for people who spend a lot of money on food and a lot of money on hydrocarbons. kriti: this is important talking about the lower income part of the community, those hit hardest by inflation. here the theme. if you're a wealthy consumer, you are insulated to some extent from the inflationary pressures. on the other side of the spectrum you are not. think about the people who have to go get groceries and fill up the tank and now it is getting harder. tom: we moved to will kennedy, executive editor for energy and commodities. christian malek coming up in the next hour. 100 pages from jp morgan on the price of brent going up because of the lack of economic -- microeconomic -- is it supply or demand taking off? will: it's a bit of both. we are getting into the end of the season. by mario day driving season. people flying. we have strong demand. supply just cannot really respond. there is very little spare oil supply capacity in the world. opec is reluctant to use it. a lot of people are rel
this is the single best chart kriti has ever done.for people who spend a lot of money on food and a lot of money on hydrocarbons. kriti: this is important talking about the lower income part of the community, those hit hardest by inflation. here the theme. if you're a wealthy consumer, you are insulated to some extent from the inflationary pressures. on the other side of the spectrum you are not. think about the people who have to go get groceries and fill up the tank and now it is getting...
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May 17, 2022
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kriti: take-two reporting earnings after the bell. they did top their earnings estimates but they gave a tepid forecast. this is a theme we have seen across industries, this idea they are preparing for the worse when it comes to the economic slowdown and potentially even a recession. nevertheless you see shares up 3% after hours. this is important as we talk about the pressure tech has been under. right now it seems like the earnings beat is powering the shares. when you look at big tech broadly, some names that have moved intraday, twitter, amazon, google, they weighed the market down. this is a really important story. you are going to talk about twitter and a second would look at these other heavyweights. tesla, amazon, alphabet. once again it becomes a story as , to whether or not these big companies still remain that defensive play, still rem that inflation hedge, or whether this is more of a story of valuations, getting back to those levels and releasing some of that monstrous rally that has been built up over the last two years.
kriti: take-two reporting earnings after the bell. they did top their earnings estimates but they gave a tepid forecast. this is a theme we have seen across industries, this idea they are preparing for the worse when it comes to the economic slowdown and potentially even a recession. nevertheless you see shares up 3% after hours. this is important as we talk about the pressure tech has been under. right now it seems like the earnings beat is powering the shares. when you look at big tech...
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May 3, 2022
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kriti gupta on with an important chart on america domestic gasoline use.as we talk about the fomc tomorrow, just how much the american consumer can withstand in terms of inflation, but also in terms of the fed policy. we've got to talk about energy specifically. higher gas prices when we are looking at national gas prices, but how much of that spending is made up of disposable income? this is a really interesting chart. going back to the 1970's, the average consumer at the peak of that high-energy inflation spent about 6% as of and percent of their income on energy. that number is now 3%. that is even lower than what we saw in the early to thousands, which was upwards of 4%. this is really important. as we talk about higher energy prices and how much specifically the lower income is spending on those gas prices come put this into some context. we are making comparisons to the 1970's or even the 2000s, we've got to put this in perspective and say energy spending is actually at its lowest going back to at least the 1970's. tom: thank you so much. greatly app
kriti gupta on with an important chart on america domestic gasoline use.as we talk about the fomc tomorrow, just how much the american consumer can withstand in terms of inflation, but also in terms of the fed policy. we've got to talk about energy specifically. higher gas prices when we are looking at national gas prices, but how much of that spending is made up of disposable income? this is a really interesting chart. going back to the 1970's, the average consumer at the peak of that...
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May 2, 2022
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kriti gupta, what is going on. kriti: a lot of selling. you can see that on the nasdaq 100. is not necessarily indiscriminate. the pain is even the old guard names, semiconductors, anything that has a lot to do with that growth picture. if you look at some of the heavyweights, your microsoft, apple, amazon, the big names that tend to move the entire index, you can see divergence. one of the big ones i want to point out is apple shares. as you see the antitrust pain, on, that is the conversation we have had with tech going back to the election on one abided administration might mean. this time the antitrust issues from the eu. consumer discretionary, you see the pain go away when you look at the broader s&p 500. when we are talking about defensive, it does not just mean the big tech names. that is the definition of defensive, broadening out just a little bit. guy: great stuff. thank you. i am fascinated to see where we close today. my good friend and colleague scarlet fu is moderating a panel right now at the conference. she is speaking with the ceo jane fraser and guggenheim
kriti gupta, what is going on. kriti: a lot of selling. you can see that on the nasdaq 100. is not necessarily indiscriminate. the pain is even the old guard names, semiconductors, anything that has a lot to do with that growth picture. if you look at some of the heavyweights, your microsoft, apple, amazon, the big names that tend to move the entire index, you can see divergence. one of the big ones i want to point out is apple shares. as you see the antitrust pain, on, that is the conversation...
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May 3, 2022
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kriti gupta is tracking the move.want to start with a 10 year yield because you are seeing movement. recalibrating about what we can expect an tomorrow's price action. today you are actually seeing yields lower and that is reflected in the dollar. i want to get to the stock market because as we see the bond market recalibrating -- totally natural -- the stock market is catching my eye. you are seeing more green on the screen and traditionally, at least the last year, the stock market has been expecting hawkish moves. the trend has really been more risk off. today you are seeing these moves in the financial space rally in quite a bit. that conviction in the bond market, that 50 basis point move, reflecting strongly in the financials. they are not the only ones moving and i want to get to some of the other earnings stories. estee lauder coming out and was down as much as 10%. they are cutting their full your outlook. a lot of this has to do with growth around the world. when you hear that messaging from a company like e
kriti gupta is tracking the move.want to start with a 10 year yield because you are seeing movement. recalibrating about what we can expect an tomorrow's price action. today you are actually seeing yields lower and that is reflected in the dollar. i want to get to the stock market because as we see the bond market recalibrating -- totally natural -- the stock market is catching my eye. you are seeing more green on the screen and traditionally, at least the last year, the stock market has been...
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May 18, 2022
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right now, kriti gupta with a chart.t to talk about these record high gasoline prices. i believe six dollars in california, five dollars in hawaii, and it is not just the over 100 dollars we'll prices use young your screen. it is about refining margins and to kill her. stick with me here. essentially three barrels of wti crude to barrels of gasoline and one barrel of distillates which is jesus or jet fuel. -- which is diesel or jet fuel. what this shows is this major jump last week, coming down a little bit, but $50, that is the margin for refining or get one of the big questions is can one of these american refiners they do get their hands on crude, do they have the capacity to turn it into gasoline? it is really that concern that is partially driving up the price. tom: for the 12 people that just drove off the garden state parkway by some refinery in new jersey, is it done? is there any incentive with this record margin to make the distillates, make the stuff we use? kriti: right now it feels it is very tough to do tha
right now, kriti gupta with a chart.t to talk about these record high gasoline prices. i believe six dollars in california, five dollars in hawaii, and it is not just the over 100 dollars we'll prices use young your screen. it is about refining margins and to kill her. stick with me here. essentially three barrels of wti crude to barrels of gasoline and one barrel of distillates which is jesus or jet fuel. -- which is diesel or jet fuel. what this shows is this major jump last week, coming down...
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May 9, 2022
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kriti gupta is tracking some of those moves.the selling is indiscriminate, but there's some nuances i want to point to our audience. energy has kind of been this inflation hedge, a defense of trade to some extent. what tech used to be post-pandemic. now you are seeing that trade flipped a little bit. the information technology index, which has been leading that incline over the last couple of weeks, is actually outperforming the energy index. that is something to keep in mind. let's take a look at what sectors are officially in bear markets now. the nasdaq is 25% lower from its high, but that is not the case for all of the sectors. you see the s&p 500 down 50% -- down, 50% for members down 20%. perhaps that is why the energy sector is underperforming today. a lot of traders saying this is not a question about fundamentals driving selling. it is about returning to normal valuations. one trader told me the s&p 500 now will likely go back to trading to a 16 or 18 pe multiple instead of 20 to 21, and that may be a driver for more se
kriti gupta is tracking some of those moves.the selling is indiscriminate, but there's some nuances i want to point to our audience. energy has kind of been this inflation hedge, a defense of trade to some extent. what tech used to be post-pandemic. now you are seeing that trade flipped a little bit. the information technology index, which has been leading that incline over the last couple of weeks, is actually outperforming the energy index. that is something to keep in mind. let's take a look...
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May 11, 2022
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kriti gupta with us. kriti: at least i have an excuse. i am young and inexperienced in music.at the pump, how much the consumer's facing right now. let's talk about how much corporate america is facing right now. the forward operating margin looked a lot like the s&p 500 chart before the massive selloff we have seen. essentially, the story here is a lot of these companies have been able to pass on costs to their consumers and therefore are able to expand on their margins. margins hovering at a historical high going back 20 years to 2005. if you zoom in very close, you will see your to date the markets have started to slump. if you were to overlay the s&p 500 to this chart, it would look very similar until recently when you have the massive selloff to get the question here is, are stocks trading in on the margins right now or are they trading on valuations? i would argue based on this chart they are trading more closely on valuations. tom: thank you greatly appreciate it. now for a different conversation on disney, entertainment, and the "bob's burgers" movie, which is the next
kriti gupta with us. kriti: at least i have an excuse. i am young and inexperienced in music.at the pump, how much the consumer's facing right now. let's talk about how much corporate america is facing right now. the forward operating margin looked a lot like the s&p 500 chart before the massive selloff we have seen. essentially, the story here is a lot of these companies have been able to pass on costs to their consumers and therefore are able to expand on their margins. margins hovering...
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May 12, 2022
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digging deeper with kriti gupta. kriti: it speaks to the volatility still at play, the s&p up .2%, but check out the nasdaq up 1%, a fast, serious rebound, and the sep -- the s&p bouncing off a critical level, but i wonder how much this has to do with what you see in the yield space. guy mentioned higher commodities. down six basis points on the 10-year yield. it speaks to that. if you are pricing in inflation, why are yields lower? it is the vergence perhaps that you see between commodities in the bond market and also between the bond market in the dollar, the dollar actually stronger, something we haven't seen in a while. usually we see it coming down off those interest rate differentials, but today, not the case. that will be the asset you want to watch i think. guy: ok. so many assets that i'm watching at the moment. everything seems to be on the move. our question of the day, earlier, we asked someone from goldman if the bubble has burst? >> you are definitely are dealing with a significant valuation reset here,
digging deeper with kriti gupta. kriti: it speaks to the volatility still at play, the s&p up .2%, but check out the nasdaq up 1%, a fast, serious rebound, and the sep -- the s&p bouncing off a critical level, but i wonder how much this has to do with what you see in the yield space. guy mentioned higher commodities. down six basis points on the 10-year yield. it speaks to that. if you are pricing in inflation, why are yields lower? it is the vergence perhaps that you see between...
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May 25, 2022
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let's get a deeper dive here with ritika gupta -- kriti gupta. >> the s&p 500 is off 7/10 of 1% but take a look at the cross asset picture. the lack of conviction, you can see it across the markets. our producer pointed out that in the last six trading sessions if you look at the lows in the highs, it went back and forth on that 30 level range. it's something you really want to keep an eye on when it comes to that conviction signal and what it might be. once again, not a ton of movement there, talking about waiting here for those fomc minutes and what might be indicated as a softening on the stance with the dollar index up 3/10 of 1%, which is significant when we talk about the bid for stocks and the s&p 500 still catching. guy: thank you very much indeed. the european union trying to push back on the hungarian resistance to the ban on russian oil imports. with hope that a deal can be done within a week. >> now we are proposing the oil embargo. as you know, we are building an agreement. we are not yet there, but we are hopeful that we can reach an agreement in the coming days and weeks.
let's get a deeper dive here with ritika gupta -- kriti gupta. >> the s&p 500 is off 7/10 of 1% but take a look at the cross asset picture. the lack of conviction, you can see it across the markets. our producer pointed out that in the last six trading sessions if you look at the lows in the highs, it went back and forth on that 30 level range. it's something you really want to keep an eye on when it comes to that conviction signal and what it might be. once again, not a ton of...
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May 4, 2022
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kriti: it is coming off of two days of gains.ally before the foc meeting day we do get a risk-off mood, and you see a little bit of green on fed day. the expectation being that fed officials have already indicated the direction they're going. today already seeing some marginal losses. only .3%. this is not something to be frustrated about yet if you are a bowl, but this is something to keep in mind as we talk about what is going on in the yield picture, and what is going on in the oil picture. a 3.5% rise in crude. it has a lot to do with the eu looking to ban oil imports from russia, really ramping up that sanctions package. if this happens $185 oil, that is what is on board. how much of that is baked in? how much of that is going to go out? a lot of the action on the surface level may seem muted when it comes to fed day, but let's talk about underneath the hood. there are some individual movers. i want to start if with amazon. they said they have access storage capacity -- capacity, but that translates to industrial rights is s
kriti: it is coming off of two days of gains.ally before the foc meeting day we do get a risk-off mood, and you see a little bit of green on fed day. the expectation being that fed officials have already indicated the direction they're going. today already seeing some marginal losses. only .3%. this is not something to be frustrated about yet if you are a bowl, but this is something to keep in mind as we talk about what is going on in the yield picture, and what is going on in the oil picture....
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May 4, 2022
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chart of the day with kriti gupta.riti: as we talk about this fomc decision, we have to talk about and only second long trend coming to an end, negative yielding to. all main -100 yielding bonds in the world, mostly in europe. you can say a steep drop starting your to date, everything to do with an extremely hawkish federal reserve. a lot of that negative yielding that still left in europe. the question is if you see that policy diversion between the fed, ecb, other central banks around the world, how much longer does this go? the other ball case for bonds could reverse this trend is the growth scare, china scare, ecb scare coming off of the war in ukraine. bill negative dots extent as it was eight years ago? tom: i am just looking at my bond portfolio. jonathan: how is that working out? tom: down 50% on that austrian peace -- piece. jonathan: this is painful. tom: 60% annualized. jonathan: one thing that stands out to me, the german two-year. this is quite the move that we have gone from positive 28 basis points
chart of the day with kriti gupta.riti: as we talk about this fomc decision, we have to talk about and only second long trend coming to an end, negative yielding to. all main -100 yielding bonds in the world, mostly in europe. you can say a steep drop starting your to date, everything to do with an extremely hawkish federal reserve. a lot of that negative yielding that still left in europe. the question is if you see that policy diversion between the fed, ecb, other central banks around the...
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May 19, 2022
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kriti gupta has the latest on u.s. markets. kriti: that's where you are seeing losses in the s&p 500. we started the session down almost 1.5%. you can see the s&p 500 down. those losses at a time when you are seeing a big bid going into the treasury market something i want to highlight is the vix going back above 30. it spent a couple of days below the 30 level which has been the postwar norm. light volume and high volatility equals less liquidity. also keep in mind the bond market down when you're looking at the 10 year yield. this is important as we talk about the treasury market. we had a couple of days where the dollar was stronger but the yield was lower the interest rate differential story wasn't the one driving the dollar. now the dollar catching up to what it's seeing in the bond space. weaker by almost 1%. guy: i've got to do it again. our question of the day. where does the stock drop stop? let's ask sebastian raedler for some perspective on this. what do you make of the price action? >> we have a pretty nasty backdro
kriti gupta has the latest on u.s. markets. kriti: that's where you are seeing losses in the s&p 500. we started the session down almost 1.5%. you can see the s&p 500 down. those losses at a time when you are seeing a big bid going into the treasury market something i want to highlight is the vix going back above 30. it spent a couple of days below the 30 level which has been the postwar norm. light volume and high volatility equals less liquidity. also keep in mind the bond market down...
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May 16, 2022
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we want to get deeper into the data with bloomberg's kriti gupta. kriti: that is how the decline in the s&p 500. this is not declining as much as it was last week. there is some hope among the bulls this is a little bit of a plateau when it comes to the conviction selling you have been seeing over the last couple of weeks. a good indication is what you are seeing with the vix. 30 has been the postwar norm when it comes to the volatility picture. if it comes below 30, a sigh of relief some of the bulls saying maybe the selling will turn around. the yields are lower, but only six basis points. on a normal day i would say that is a lot. given the context of 10 or 12 basis moves in one day -- you are seeing a calmer tone when it comes to the market. food prices are higher. wheat pushes the prices higher off the india export band, given the idea of food inflation could get worse. guy: we had just been hearing about that from the governor of the bank of england. the european economy being impacted significantly by the long shadow being passed over it by u
we want to get deeper into the data with bloomberg's kriti gupta. kriti: that is how the decline in the s&p 500. this is not declining as much as it was last week. there is some hope among the bulls this is a little bit of a plateau when it comes to the conviction selling you have been seeing over the last couple of weeks. a good indication is what you are seeing with the vix. 30 has been the postwar norm when it comes to the volatility picture. if it comes below 30, a sigh of relief some...
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May 17, 2022
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. -- kriti gupta is with us.is begin almost four recessionary spending, this is an import ratio because as you look at home depot relative to walmart, that ratio tends to drop in recessions. guess what it is doing right now? it is dropping pretty steeply from the start of the year. it is import to keep in mind the way the price action is working is that it mirrors times of recession. but here's the thing, we are not in a recession you are seeing signs of growth, but not necessarily an actual recession which is why this is important. is the market selloff overdone? tom: greatly appreciate it. it is like the sun coming up in the east. you can understand that any criminal or civil litigation, there are events down the road where you go after the big fish. that has happened this morning with a publication by our banking senior reporter, which barely describes his expertise on new york and global wall street. thank you so much for joining us this morning. this is about a hong kong conglomerate, online trading, whateve
. -- kriti gupta is with us.is begin almost four recessionary spending, this is an import ratio because as you look at home depot relative to walmart, that ratio tends to drop in recessions. guess what it is doing right now? it is dropping pretty steeply from the start of the year. it is import to keep in mind the way the price action is working is that it mirrors times of recession. but here's the thing, we are not in a recession you are seeing signs of growth, but not necessarily an actual...
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May 26, 2022
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kriti: and i am pretty good to. -- and i am kriti gupta. open starts right now. >> everything you need to get set for the start of u.s. trading. this is "bloomberg: the open" with jonathan ferro.
kriti: and i am pretty good to. -- and i am kriti gupta. open starts right now. >> everything you need to get set for the start of u.s. trading. this is "bloomberg: the open" with jonathan ferro.
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May 6, 2022
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tom: kriti gupta, thank you.tsche bank on the same page with the guy leading the charge on pound sterling. wonderful to talk about these analysts and as they agree to disagree. we share jordan rochester's pessimism on the u.k. but not the gap between global confidence and business confidence. the gap is massive and has never been bigger, a key driver of markets in coming months. joining us now is jordan rochester. 1.23 handle this morning. we affirm your call on week sterling. jordan: looking for 1.2250. we are probably going to be heading toward 1.20 at the right cable is going. there is not much stopping it from falling. the bank of england hiking yesterday, the pound lower after. essentially, real yields are weighing on the u.k. no matter what the bank of england does, if they don't entertain 50 basis point hikes, if they don't follow through with that, the front and prices will be disappointing. as a result of all of that, it is why we are happy to be short the pound come along the dollar. of the two central
tom: kriti gupta, thank you.tsche bank on the same page with the guy leading the charge on pound sterling. wonderful to talk about these analysts and as they agree to disagree. we share jordan rochester's pessimism on the u.k. but not the gap between global confidence and business confidence. the gap is massive and has never been bigger, a key driver of markets in coming months. joining us now is jordan rochester. 1.23 handle this morning. we affirm your call on week sterling. jordan: looking...
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May 24, 2022
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kriti gupta is here for the latest. walk us through the day. kriti: you do have a down day for u.s. stocks but erasing a lot of the pain toward the end of the session, some of the consumer staples starting to perform higher on the day. the nasdaq bearing kind of the brunt of the selling where you have the heavyweights, the likes of apple and tesla weighing on the index. what triggered the negative sentiment was snap and we will get back to that. we see a lot of the safe haven bid come through. you saw those yield down some nine basis points. it did not help the tech sector out today but you see the correlation between bonds and stocks coming into play again but what does it say about fears of a recession when you see bonds getting outbid today and it was a day of indiscriminate selling. you did see the dollar lower and you did see oil lower but we did have a bright spot. you see bitcoin just flat now but it was higher as you see some of the tech stocks. but let's go to snap because that is what drove the sentiment as it cut its sentiment for ad revenues. this isn't exactly your bigg
kriti gupta is here for the latest. walk us through the day. kriti: you do have a down day for u.s. stocks but erasing a lot of the pain toward the end of the session, some of the consumer staples starting to perform higher on the day. the nasdaq bearing kind of the brunt of the selling where you have the heavyweights, the likes of apple and tesla weighing on the index. what triggered the negative sentiment was snap and we will get back to that. we see a lot of the safe haven bid come through....
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May 12, 2022
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kriti gupta joins us with our chart of the day. kailey: good morning --kriti: good morning.does look like there's a lot of pain in the markets, but if you compare this to the historical trend we have seen, it is a pity tom keene is not here to see this. you are seeing this only dropped one standard deviation from the historical trend. if you are looking at the technicals here, which has driven a lot of the trading, it is actually not that bad. but before i get yelled out on twitter, this is important to keep in mind because how often has the market dropped below more than one standard deviation? the answer is not much in the last couple of years, which kind of means there's a little bit of panic here for the bears and a little bit of positivity for the bulls. jonathan: perfect timing. 103.95. pretty brutal. 103.88, back end of december 2016. so we are the lowest since then. not pretty at all. lisa: what is going to be the reprieve here if there is not any clear-cut shot? they are already talking about fiscal stimulus. they will keep talking about it at the g7 meetings. how m
kriti gupta joins us with our chart of the day. kailey: good morning --kriti: good morning.does look like there's a lot of pain in the markets, but if you compare this to the historical trend we have seen, it is a pity tom keene is not here to see this. you are seeing this only dropped one standard deviation from the historical trend. if you are looking at the technicals here, which has driven a lot of the trading, it is actually not that bad. but before i get yelled out on twitter, this is...
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May 10, 2022
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here with a touch on the quiddity, critic up to -- on liquidity, kriti gupta.: they are not saying it is fundamentals, but it is technicals really driven by low liquidity. you can see that when you compare this to volatility. that is me to my chart of the day, volume going back a year. you start to see this uptrend. as volatility increases, volume does, too. that is no surprise. but compare this to win -- two when you did see a vix over 30. volume turnover was much higher, so that really speaks to this idea that the liquidity just isn't there. people are not getting the margins that they really want for this trade, and what it is doing is driving this major selloff, today being the exception as we see a bit of a technical bounce. tom: thanks so much. lisa abramowicz and tom keene look among all of you on radio and television -- and tom keene welcoming all of you on radio and television. right now, barry rid hopes -- barry rid hopes -- barry ritholtz. the clients of wealth management walk in the room and you need to display a self-confidence. how do you form a s
here with a touch on the quiddity, critic up to -- on liquidity, kriti gupta.: they are not saying it is fundamentals, but it is technicals really driven by low liquidity. you can see that when you compare this to volatility. that is me to my chart of the day, volume going back a year. you start to see this uptrend. as volatility increases, volume does, too. that is no surprise. but compare this to win -- two when you did see a vix over 30. volume turnover was much higher, so that really speaks...
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May 19, 2022
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tom: kriti gupta is going, let's go. what do you have this morning to save us?t lisa was talking about, recession odds in europe seems to be the base case. this is feeding into a lot of flows for the dollar. i want to tie the dollar story to the stock story. the 40 day inverse correlation between the stock market and the dollar, essentially what you are seeing is a sea of red. what it shows you is that during the pandemic there has been this dynamic, he would your dollar equals higher stocks and vice versa. right now you have that correlation sitting at about 0.4%. statistics nerds will say that is not significant, but it tends to bounce back to a 0.7%, which tells you that is a very serious relationship, especially when it comes to capital flows. foreign investors in the face of covid lockdowns and european recession odds flock to the dollar, and therefore flock to u.s. stocks? keep an eye on this relationship. tom: greatly appreciate that this morning. this is a timely conversation with somebody that has covered all of american politics from his new hampshire
tom: kriti gupta is going, let's go. what do you have this morning to save us?t lisa was talking about, recession odds in europe seems to be the base case. this is feeding into a lot of flows for the dollar. i want to tie the dollar story to the stock story. the 40 day inverse correlation between the stock market and the dollar, essentially what you are seeing is a sea of red. what it shows you is that during the pandemic there has been this dynamic, he would your dollar equals higher stocks...
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May 5, 2022
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kriti: a historic day for the fed yesterday. we had the 50 basis point hike, the first in 22 years.to talk about how we got here. the spread between the fed funds rate and cpi at the largest ever. basically, what you see is going back even to the 1970's, a steep drop starting in 2020 and it comes to this spread. it begs the question, is the federal reserve behind the curve? we hear that all the time and the commentary. some thing that stuck out is when chairman powell said monetary policy is working through expectations to a large extent. we can actually see that happening as they address this issue of the spread being so historically wide. how did they get back to the normal? does it just applied to the federal reserve or central bank around the world? tom: thanks so much. opec with some headlines. we will get these out to you. $111.30 on brent crude. there really is no other story right now. we go from the fed yesterday, the bank of england today. what will be the surprise in jobs tomorrow? jonathan: let's get to guy johnson in london. you and i have both shared that room with the
kriti: a historic day for the fed yesterday. we had the 50 basis point hike, the first in 22 years.to talk about how we got here. the spread between the fed funds rate and cpi at the largest ever. basically, what you see is going back even to the 1970's, a steep drop starting in 2020 and it comes to this spread. it begs the question, is the federal reserve behind the curve? we hear that all the time and the commentary. some thing that stuck out is when chairman powell said monetary policy is...
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May 2, 2022
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kriti gupta is tracking all the action. kriti: you would think it would have a little bit more of an effect what comes to the stock market, but you are seeing green on the screen. a lot of this might be reaction to what you saw friday night massive selloff that capped april as the worst month in two years. a lot of that concentrated in tech were it is not necessarily translate into european stocks. i wonder how much of that is a volume story as opposed to anything based on fundament of. -- based on fundament of. the sticky step back year-to-date. -- let's to -- let's take a step back year-to-date. a bear market rally and then another 10% decline really speaks to the pain you are seeing in the equity market. at the same time, you are seeing a lot of volatility in the bond market. if you look at the yields and some of these bond spaces, the 10 year yield on the 30 year yield both trading at parity right now. this is really interesting. as we talk about the fomc meeting in just a couple of days, how much of that volatility has
kriti gupta is tracking all the action. kriti: you would think it would have a little bit more of an effect what comes to the stock market, but you are seeing green on the screen. a lot of this might be reaction to what you saw friday night massive selloff that capped april as the worst month in two years. a lot of that concentrated in tech were it is not necessarily translate into european stocks. i wonder how much of that is a volume story as opposed to anything based on fundament of. --...
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May 20, 2022
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kriti: in the last hour and a half we are seeing the s&p 500 hit bear market territory.hen it comes to the s&p 500. look at the cross asset action. vix
kriti: in the last hour and a half we are seeing the s&p 500 hit bear market territory.hen it comes to the s&p 500. look at the cross asset action. vix
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May 11, 2022
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tom: kriti gupta has done great research. the substitution from meet to check in is not funny -- from meat to chicken is not funny. this is not lisa abramowicz going to the grocery store and saying look at that. people are struggling and making the substitution to cheap cuts of chicken to get away from what they are seeing at the meat counter. lisa: i love how tom projects is expensive for a to the grocery store. jonathan: that i always enjoy the director taking your shot and putting the bramo cam online. jonathan: i am not the one you will pinpoint -- lisa: i am not the one you will pinpoint. the president will be in illinois talking about the cost of food and the cost of the putin price hike. they are trying to label it that way. jonathan: 1:15 eastern time the president delivering remarks on putin's price hike. tom: that is today? i did not know that. he was on yesterday. jonathan: we go again. futures up .9% on the s&p. the nasdaq up 1.1%. tom: i am trying to give you the inflation of bulbar, the inflation of another time
tom: kriti gupta has done great research. the substitution from meet to check in is not funny -- from meat to chicken is not funny. this is not lisa abramowicz going to the grocery store and saying look at that. people are struggling and making the substitution to cheap cuts of chicken to get away from what they are seeing at the meat counter. lisa: i love how tom projects is expensive for a to the grocery store. jonathan: that i always enjoy the director taking your shot and putting the bramo...
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May 13, 2022
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kriti: a lot of it has to do with the technicals.e hit that intraday bear market in the s&p 500, and even in the last half of the hour yesterday, we saw this massive bounce back, and today is a continuation of that behavior. if you look at the nasdaq, up over 3%. it's across the board. take a look at this, the vix dropping below that key 30 level. that 30 level has been the post-war volatility norm, so keep an eye on that to see if it stays below 30. we are coming off of four days of decline in the 10-year yield. we are going to keep an eye on that, and it has guy was talking about commodities, you can really see that with nymex crude, up 3.6%. guy: let's just talk about the week so far. it's worth taking a step back and figuring out where this rally puts us in the context of the last five days. the word you've heard the most is capitulation a. there's been some real fear. that fear has been centered in the tech space. the war in ukraine, the slow down, all of that has been ripping into key sectors in europe. most of it has been spen
kriti: a lot of it has to do with the technicals.e hit that intraday bear market in the s&p 500, and even in the last half of the hour yesterday, we saw this massive bounce back, and today is a continuation of that behavior. if you look at the nasdaq, up over 3%. it's across the board. take a look at this, the vix dropping below that key 30 level. that 30 level has been the post-war volatility norm, so keep an eye on that to see if it stays below 30. we are coming off of four days of...