i'm amber kanwar with matt miller.ime for stock of the hour. cboe is allowing companies to list on its exchanges in the u.s. and globally for the first time, entering the market dominated by the new york stock exchange and nasdaq. it back technology, which is a commodity exchange. it is the first company trading on cboe. both sides, canada and u.s., we have josh crumb joining us now. first question, why choose this exchange? josh: yes. hi, amber. we see cboe as a challenger in the markets. we also see -- we already trade on cboe canada. but what they are rolling out is a global platform for investors that can have a synchronized training experience. matt: it makes sense why you would list there and it is exciting and historic. what about your business. what are you focused on? josh: our long-term vision is to change the way commodities are priced and traded in the supply chain. matt: you are an exchange listed on an exchange. josh: exactly. that is where we share the similar dna as challengers of the existing model. ou

i'm jon erlichman, along with matt miller., the canadian maker of snowmobiles and other leisure craft, out with its latest earnings, reporting a jump on profit on better-than-expected sales and improvements to the supply chain. joining us, jose boisjoli, president and ceo of brp. obviously you have had a lot of interest in your product going back to the pandemic, but since then as well. we keep talking about the outlook for consumer demand, a lot of economic headwinds right now. what can you tell us about what you are seeing in the business? jose: it's a bit funny situation, where everyone, many people are pessimistic about the macroeconomic, but when we look at our customers, we always follow unemployment rate. i think it closed at 2.4%. we always a look at the inflation, 4.5%. things are getting better. but we also sell our product to hire household-- higher household income family. the average is 35% of the u.s. american who have household income above 35%. in our case, 70% of our sales is for people above that percent. all

matt: and i am matt miller. we are seeing a little bit of a drop in stocks right now. not much, really. just a bit of a fade to the rally that we've been watching, down about 0.1% at 4344. udc investors buying bonds, may be looking for safety and government debt. we do see the yield coming down. again, it is only marginal. still looking at 4.73. this is the two-year yield. we see similar action on the longer end of the curve. the u.s. dollar index is down about 0.1%, not a lot of action there. at oil, we see wti still holding below $70 per barrel. there is a lot of geopolitical news right now. it looks like market participants to some extent are trying to wait it out and see which end is up. jon: watching the headlines for now, moving money into energy stocks. then, we have specific corporate stories we are tracking. quarterly results. the stock drop looks dramatic. we are down 10%. but remember, this particular stock, they have been red-hot recently. the fact that the profit picture in the current quarter played a role here. pfizer under pressure throughout the tradin

for matt miller, i'm jon erlichman.rg. ♪ the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com fresh, warm hot dogs! when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. so the first time i ever seen a golo advertisement, fund investment objectives, risks, charges, expenses i said, "yeah, whatever. there's no way this works like this." and threw it to the side.

at: i'm matt miller. the s&p is almost completely unchanged. it has been swinging back and forth between gains and losses. it is at .50. we do see the two year yield rising about nine basis points, 4.80 is the level on two year u.s. debt. the dollar is up, 1227 and oil, a wild ride, below $70. $69.52 for wti. jon: as for some individual stock stories today, within the dow, boeing has been the worst performer, down 2%. we have been watching the spirit care systems, a key supplier to boeing. we will keep tabs on that. we are seeing a nice move higher for energy, up 4% -- for nrg, 4% up. they responded to shareholder friendly actions focused on stock ibex and changes to the board direct -- buybacks and changes to the board directors. we are continuing to get a picture of the economy as measured through different industry players. you have accenture, a big consulting player, with a worrisome outlook. shares are up about 3% right now. a similar decline in garden, olive garden -- darden olive garden's parent, some concerns raised is what people are w

matt: i'm matt miller.e pierced 4400 on the s&p 500 and we are about 4410 at the moment up .8% after the fed pause yesterday. even with the market pricing in a hike for the next meeting. the 10 year yield down about six basis points at 370 2, 370 three. the bloomberg dollar index fallen to 1221. oil, debt -- wti of above $70 a barrel at 7046. there have been a couple big themes this year. the tech story we know well. right now microsoft is on pace for a potential record close. a lot of the ai hype playing to microsoft's favor. that stock up another seven dollars in change, to present today. since the lows of last year it is not just tech climbing. lennar getting a further advance today up another 3.5%. pretty strong orders data encouraging investors. not all names are higher. we have seen profit pressure at the grocery giant kroger. that stock is off to the tune of 3%. we have been talking about the big ipo despite big economic headwinds. kava going public, a babe -- cava going public, a big pop for that st

i am matt miller. on this monday, investors are searching for direction. let's get a quick check of where markets are headed. right now, about the s&p by about 0.3%. big, big stocks hitting record high. the biggest one of all is a record. the u.s. 10-year yield rising just a bit as investors sell off a little of the debt. 3.6985 is the level they are. we are talking about $1 trillion of treasury issuance in just a moment. the bloomberg dollar index off a little at 1240. crude is only $1.30 up to $73.03. another one million barrel per day cut in july. the stock sitting at a record highs the company begins its worldwide developer conference, this hour we are looking at a company worth a little more than $2.8 trillion. katie: heading toward that $3 trillion mark. apple is at a record high. you still have the s&p 500 flirting with a bull market, but still below its own record high. if you rewind back to the very start of 2022, both apple and the s&p 500 hit the record highs on the same exact day. but now, you can see a big goal has opened up, as apple has powe

i am matt miller. a quick check on the markets as we wrap up the week, the month, the quarter and the first half. we are looking at big gains on the s&p, up at a session high, 44.5 the level. they are buying it today and they are buying oil as well. >> 7023 on the petsmart basic, we look at the contract it is all four quarters in a row. longest losing streak in over 30 years. we have been watching the market cap move higher today. a cross through the $3 trillion mark, and it is still holding well above that level in terms of market cap shares sharing of $193 apiece. >> we heard from tom forte who said there will be challenges ahead for apple. >> me think about the 3 trillion, it's mainly on the back of the iphone. they continue to perform very well. when you think of the next trillion, you think of is in pro, the augmented reality and virtual reality, there are a lot of structural challenges for apple. >> let's talk more about apple. the large impact that tech is having on the stock rally in 2020 three

i am matt miller. we are one let's start with a quick check of what is happening in the markets. the s&p is continuing to rise higher. now at or thousand 382. we are now higher than the day the fed started raising rates. the 10-year yield coming off a little bit. 3.7842. showing the coffins the markets has in a hold, pause, -- the confidence the markets has in hold, pause or skip. new york crude at 69.29. katie greifeld is with us. katie: you are going with a hawkish hold as the expectation today. everyone expects the central bank will stay put at this afternoon's meeting. this is where pricing gets interesting. so far, markets are pricing in 17 basis points of a quarter-point hike. then you look at what is priced and on the others in terms of cuts. you are around 20 basis points. seems like a bit of a wash when you add it together. if this actually happens, we have one more hike and cut and you will end up in the same place. we will hear from jerome powell in a moment. the market can be different but

i am matt miller with jon erlichman.have learned this hour that fidelity investments is the latest company to throw its name into the race to offer the first u.s. spot bitcoin etf. we had an inkling this would happen. we have already seen that filing come across from blackrock. it looks like the biggest institutions in the u.s. are getting aligned on the idea that there needs to be a bitcoin, a spot bitcoin etf. so far has not been allowed by the sec. you have one in canada. but i just asked about the optimism that is coming. jon: it is incredible to watch the story of momentum from these different players. we have a great guest to get more perspective on this. brett harrison joining us, the founder of architect technologies. nice to see you. you are in toronto because there is this collision technology conference. this fidelity news following the news from blackrock. everybody is looking to get into the etf rush. does this surprise you? brett: not at all. the sec has this way of applying for an etf. etf's are a way for

matt: and i am matt miller. we just got done watching drone powell finished testifying. t want to raise rates. matt: not at all? we will cover that. powell testifying before the house, saying that

matt: i am matt miller. as the smoke horse down from canada, the bank of canada raising rates. let's get to the biggest stories . be more than $9 trillion global etf industry. an unprecedented height. u.s. debt dealers are now focused back on central banks. katie: after jp morgan success in etf's, goldman prepared to launch funds quite similar to their rival bank. matt: now that it is the start of summer, people are planning vacations and we look at one etf ready for a getaway. katie: we have eric bell between us from bloomberg intelligence, here with us, looking at the flows. eric: last week, i gave good news that etf's finally beginning to wake up a little bit. there has been the foam of drought all year. equities of data but no flows. voo is good. hyg and the qqq have a nice hold which i will expand on in a minute. the inflows into btt were likely things we should -- vgt with things we likely should not get excited to. spy is notable but still 8 billion over the past month. eem is emerging markets but loo

state department spokesperson matt miller did not describe how russia responded to these messages whene was at the podium today. what he did say was this was a conversation, indicating that the russians were engaging, responding in some way, shape or form, not just ignoring that these messages were coming through. >> it's interesting, you talk about the state department spokesperson matthew miller. he said it was a new development to see prigozhin directly criticizing the fundamental rationale for the war. obviously he criticizes the war in blistering terms almost every single day. matthew miller is drawing the distinction between actually criticizing the predicate for the war itself. is that distinction fair, and does the state department think this is a big development? >> reporter: they think that is one of the major developments out of the last 48 hours here. we did hear from prigozhin today who said essentially that the aim of his march towards moscow was to protect the wagner force and to make sure that those who made mistakes in the ukraine were held accountable, essentially we

side effects include a buildup of lactic acid >>> let's go straight to the state department and matt miller the revolt in russia. let's listen. >> in our assessment it remains a dynamic situation. it's unclear what the ultimate implications of what happened will be. as it relates to united states activities and interests, i'll speak to what we did over the weekend. number one, the president focused on convening allies and partners. you saw he had a call with members of the quad, secretary blinken had a call with members of the g7. he had a call with the secretary of -- with foreign minister lieu cava of ukraine, foreign ministers of turkey and poland. we continue to have discussions with our allies and partners today. we also made clear to ukraine, as we made clear in conversations with our allies and partners that our steadfast support for ukraine will remain so no matter what happens in russia. i will say with respect to the activities of the weekend, obviously they were a significant step. it is certainly a new thing to see president putin's leadership directly challenged. it is a new th

jon: this is bloomberg markets with matt miller. time for our stock of the hour.limate shares getting a boost today after blackrock, the world's largest asset manager filing with the sec for a bitcoin etf. blackrock partnering with coinbase which would act as a custodian. the road towards bitcoin etf's has been tricky. coinbase is navigating a fcc lawsuit. it has been a couple caving time in crypto and crypto platforms. matt: mizuho argue data from april indicates the firm may be losing market share in retail as, regulators crackdown losing market share to robinhood. here to explain is mizuho's -- and katie greifeld. let me start with you. how much of this is coinbase losing market share rather than robinhood gaining market share? >> thanks for having me on the show. it is interesting, is a closed loop. the way we looked at it is we looked at the relative share of coinbase versus robinhood, we did not include anyone else. in this closed loop, it is very clear that share is moving away from coinbase to robinhood. we have done other work that shows either robinhood,

for jon erlichman, i am matt miller, this is bloomberg. ♪ >> we are kicking you off to the closing bellding with a lot of anticipation before next week. no data to react off of today. you are still looking at a rally on the s&p 500. big tech also rallying.

for jon erlichman, i'm matt miller is bloomberg. ♪ thanks to avalara, we can calculate sales tax automaticallyx rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh >> a busy week for investors, a big decision for the fed. romaine bostick kicking you walk to the close. a countdown today to what could be a third straight day of gains for the s&p 500, seeking to settle above at 4300 level for the first time going back to august. a modest gain and a relatively narrow one with big tech and big discretionary names leading the way.

i am matt miller.ck check on the markets as we wrap up the week, the month, the quarter and the first half. we are looking at big gains on the s&p, up at a session high, 44.5 the level.

i am matt miller.er) enough with the calorie counting, carb cutting, diet fatigue, and stress. just taking one golo release capsule with three balanced meals a day has been clinically proven to repair metabolism, optimize insulin levels, and balance the hormones that make weight loss easy. release works with your body, not against it, so you can put dieting behind you and go live your life. head to golo.com now to join the over 2 million people who have found the right way to lose weight and get healthier with golo. romaine: the reluctance of o'reilly -- of a rally. romaine bostick if you off to the close. driving quarter and rotations and out of stocks here. as we get to the final couple days of the first half of 2023. carnival and tesla in the discretionary sector and pioneer and comical on the energy names. you have materials in this -- and consumer staples. ♪ ♪

i am matt miller. on this monday, investors are searching for direction.rkets are headed. right now, about the s&p by about 0.3%. big, big stocks hitting record high. the biggest one of all is a record. the u.s. 10-year yield rising just a bit as investors sell off a little of the debt. 3.6985 is the level they are. we are talking about $1 trillion of treasury issua

matt: and i am matt miller. there's a lot of geopolitical news that has happened. nomics as well. matt:we will go through it when we talk about the $10 trillion etf industry right now. we will speak in just a moment with jeff sherman, the deputy cio of double line capital. katie: and we will also discuss with jeff the implications of the federal pause and where rates might go from here. matt: also, as we wait the

>> from new york city, i am matt miller in for jonathan ferro.futures rising as window pushes the s&p 500 over 4400. the countdown to the open starts now. >> everything you need to get set for this star of u.s. trading. this is bloomberg the open with jonathan ferro. matt: coming up, u.s. inflation cooling as consumer spending stalls sending futures higher and treasury yield lower.

matt: i am matt miller. kailey: welcome to "bloomberg crypto." ck froze its large dextrose it's large hat into the ring. if launched, the first of its kind in the u.s. matt: we hear from brett harrison who will talk about his new firm architect, as well as involvement with his former firm and the recent

. = hi matt miller with sonali basak. kailey leinz on assignment. above $30,000 and we will talk it with that in this program. sonali: fidelity is rating a spot etf of its own. net: operators curve operations in texas. the heatwave drives electricity prices sky high and threatens to cripple the grid. sonali: alex noren will tell us

i am matt miller. we are one let's start with a quick check of what is happening in the markets. thousand 382. we are now higher than the day the fed started raising rates.

matt: i am matt miller. as the smoke horse down from canada, the bank of canada raising rates. to the biggest stories . be more than $9 trillion global etf industry. an unprecedented height. u.s. debt dealers are now focused back on central banks. katie:

i am matt miller. kailey: from our studios in washington dc, i'm kailey leinz.crypto, the people, places, and other shaping the world. there are strong words for binance and coinbase as a suit is brought against both. we get reaction on what this might mean for the industry and regulation when we talk to the ceos of

matt miller reintuited his call for any americans in these countries to get out soon, immediately. neil? >> neil: thanks. to the house armed services committee and what he makes of this. there's many who are saying that vladimir putin is sort of on his heels right now. while hi wanted to show a calm exterior, he's panicked. should he be? >> neil, i would be, yeah. you had 25,000 armed trained fighters headed to your capitol city. this doesn't strengthen putin. ultimately internationally, we've always seen that he's weakened internally. he controls all communications. he's trying to claim and spin it that look at what i did. i took those wagner rebels and we defeated them. he's talking out of both sides of his mouth. he's saying that they're traitors and patriots. one thing we know. they're mercenaries. russia acts like -- he's like the mafia don. he's got his cops and there's been -- something is amiss in the family. >> neil: when you look at the wagner group, whatever you think of it, it's been the most effective mass of soldiers that vladimir putin has had in ukraine, not exactly

we also heard from matt miller saying that rob mally is on leave and abe ram pailly is serving.s significant the note this information was not widely shared within the department. when you talk to folks here, there weren't many who knew his security clearance had been suspended. folks thought there had been personal reasons for him being on leave. but when it comes to u.s. iran r relations, he was the lead official. that is now a portfolio that's been handed over to a senior official at the national security council because that involves handing classified material. then the other portfolio is trying to secure the release of americans who were wrongfully detained in iran. our understanding is that of course rob mally had been the lead on that but he is still somewhat involved in that portfolio. according to sources familiar with the matter, he has actually talked to some of the families of americans who were wrongfully def detained in iran this week. we're told just this afternoon, he was placed on unpaid leave from the department so we'll continue to track where this goes and w

we just heard from the state department briefing and what they said was this, matt miller, that the u.sing any change in the disposition of nuclear forces. admiral, should we be breathing a sigh of relief or are we on high alert throughout this? we obviously don't have sound with the admiral, i'll bring that to you, alex. >> there we go. if i go back to my time as supreme allied commander of nato or back from my six tours in the pentagon, i can assure you there is enormous focus right now on where the nukes, how secure are the nukes. not time to breathe a sigh of relief. here is the good news, chris. as you're showing, russia has the largest nuclear arsenal in the world, just under 6,000 weapons. they're scattered across a pretty broad range of locations in the southern part of russia all the way out to the peninsula in the pacific. but russia has a long history of watching them closely, providing the resources, ensuring that there are the appropriate level of concern, very similar to what we do here in the united states. so i think short of a complete 1917 russian revolution melt down

. >> from new york city for our viewers worldwide, i am matt miller jonathan ferro.n hour and a half away from the open. the countdown starts right now. >> everything you need to get set for the start of u.s. trading, this is bloomberg the open with jonathan ferro. ♪ matt: coming up, u.s. economic data surprising to the upside

i think matt miller was the first person maybe six years ago to talk about, oh, the norms.ence of norms to protect the country from trumpism. and i think something that you brought to our attention falls into this category as well. and that is the idea one year, a inconceivable to the head of the pga, go that liv golf would subsume the tour. we had him a year ago talking about two families that he knew specifically that had lost loved ones in 9/11 and making that an example. and a reason why pga tour players should not join the liv golf tour. we have this blockbuster news this week that they have merged. >> what we see is trump has set a command climate in this country that is slowing that integrity is dead. america is for sale. patriotism is dead. at least among some key leaders. that's why i've continued to say, trump is not a political story. it is a national security story. always a national security story. so is liv golf. so is the january 6th investigation. >> so is the documents probe. >> we're talking about whether or not a president and a group of people conspired

the only warning that i would give you comes from matt maile who's looking at the technicals. from miller tabak says it's very overbought in fact, the rsi chart weekly, most overbought it's been in ten years. after that's happened, you've seen some pretty sharp declines in the last four times however, he says, the longer term outlook for japan is quite good so correction could be sort of less bearish this time around. just keep in mind, this has been a hot market >> yeah, as we are nine to eight points away from s&p 4400. let's get a news update this morning with contessa brewer >> at least 78 people have died after a large fishing boat carrying migrants capsized and sank in southern greece. search and rescue teams are scouring the water for survivors now, but they don't really know how many passengers are missing. authorities believe the boat came from eastern libya and was heading for italy. the italian coast guard first alerted greek authorities about the approaching vessel yesterday. u.p.s. delivery workers may get air-conditioning as u.p.s. workers consider a strike, union leaders in