labor market or a global labor market if we see businesses like mckinsey having to do this?y fire and hire whether they see big business prepared to spend on their service. charlie: it is striking and speaks to the fact that even some of the businesses who have said they would not do layoffs are having to do this, and this is mckinsey. it speaks to the fact there could be spillover effects from the larger layoffs as these firms help tech companies, these firms that they rely on to make decisions for them externally. there could be negative impacts as they come under budgetary pressure and have to start reducing the amount they are spending on firms like mckinsey. anna: charlie wells with the latest on professional services this morning. 24 minutes into our european trading day and this is what we have for you. stellantis in focus, the carmaker unveiling a share buyback of as much as 1.5 billion euros. this is following mercedes and bmw returning shares -- cash to shareholders. and this is driven by high vehicle prices and pent-up demand. an easing supply chip shortage is als

this all comes under bob stenfeld's new leadership at mckinsey. all these tech companies and banks are changing a narrative, amazon, microsoft, goldman and morgan stanley all downsizing in a variety of jobs and areas. okay, we're going to return to the equity market and discuss what triggered one of the worst days of 2023. that surge in treasury yields spurred a selloff, we on bloomberg. -- we discuss on bloomberg. ♪ science proves quality sleep is vital to your mental, emotional, and physical health. and we know 80% of couples sleep too hot or too cold. introducing the new sleep number climate360 smart bed. the only smart bed in the world that actively cools, warms, and effortlessly responds to both of you. our smart sleepers get 28 minutes more restful sleep per night. proven quality sleep. only from sleep number. >> equity markets are really pricing that outcome now. and secondly, as you say, you are getting quite a high return and committing assets with much less risk. overall, the biggest market at the world, we're looking at a flat return. w

as we close out the hour today, today's buzz all about mckinsey and the cutting at the company, 2,000ng block normally consult other firms on what to do >> follow by example, i guess, or consults has had a good year or good few years coming out of covid like the other businesses attached to the capital markets. they're having to cut back i think it's notable because the jobs have cut beyond tech. i know meta shot down that rumor but some of them have spread we've seen it with dupont, with now mckinsey, which is not a public company but could be indicative >> bumble, nvidia, but before that fed minutes coming up to the judge and "the half." >>> carl, thank you very much. welcome to "the halftime report." i'm scott wapner the great debate in the markets right now as a restest of the october lows in the cards or not? what do we do? we take it to the investment committee. joining me josh brown, jim lebenthal, joe terranova and jenny harrington let's check the markets. searching for direction a little bit. s&p is trying to hold on to the 4,000 level. is the rally ending? will we retest the

mckinsey and her analysts believe that gas prices will return to acceptable levels for germany no earlier025. this was the news of the economy in short. a revolution of big models that are actually already turning over all social relations right now before our eyes of pneumonia

i think it's mckinsey, thanks so much for watching the w. ah, [000:00:00;00] with who for every day is more difficult than the next to iranian, very bob with covered sanctions and protests, increase the risk of poverty for people like ha, ah, oh, how can this end? when the economic situation wesson's day by day 3000 next on d w, or was nightly convoluted snap flish, i pushed the consortium relative mean the swish like a gun us his teeth are. i've seen it before, had done the pleasure of it as a prescribed interested. the mom brought the squad us but she used on these go to set the i sent it. mary. ah, a story of resilience. ah, in 45 minutes on d. w. ah. with john jan doris to searches for the truth again at this time at the exile to turkish journalist meets svetlana itsyana, sky exiled leader of the opposition in bella. reuss. of course i'm tired and tired, physically untied. morally, it's too much on my shoulders, but i have to hold this weight because i'm responsible for the future fall country for the people far behind the boss gardens o

that combatant command is what mckinsey in charge of which is a product of the goldwater-nichols act. so the takeaway is following the losses in vietnam instead of holding general officers accountable we further empower them with the goldwater-nichols legislation and so obviously the same mistakes are happening if we're not holding those people accountable. so you know, it's a complicated problem, but it is solvable with the right secretary defense. and you know we just haven't had one of those yet. after world war one, there was a guy named marshall. he came in and he cleaned house of old style thinking officers. and that allowed people like eisenhower to ascend, ultimately leading our victory in world war two. so we a marshall right now in my opinion. all right. next question. all right. what would you do for the guy that i told you was the only local representative to reach out to me? jacob lanier, ladies and gentlemen. that is the. one our support help we're giving ukraine. keep pumping money into them. and if you support donald trump, i don't try to understand. what they do. i sa

and in fact mckinsey and company, which is basically a liberal lobbyist group, says we should be exploringore gulf oil which burns much cleaner than the oil we are now importing from other countries. we could get an extra 2 million barrels a day from the gulf of mexico, if you're interested in a transition to cleaner energy. >> harris: i was going to say that. >> david: focus on what we have come a much cleaner oil here than what we are now importing in the president doesn't want to do it. be one especially when you give wayne quick to places like venezuela. >> david: all we have the capacity, 2 million more barrels a day from the golf would give us the freedom to be energy independent and not to have to rely and also to -- >> harris: you know that would cost. >> david: but to ship to europeans. >> harris: that would cost biden to potentially run for a second term in the presidency. that would cost in the far left. >> david: it would. >> haspewing out because for hi. >> david: would cost all americans the economic independence that we once had when we had energy independence. >> harris: i

we've seen it with dupont, with now mckinsey, which is not a public company but could be indicative >> bumble, nvidia, but before that fed minutes coming up to the judge and "the half." >>> carl, thank you very much. welcome to "the halftime report." i'm scott wapner the great debate in the markets right now as a restest of the october lows in the cards or not? what do we do? we take it to the investment committee. joining me josh brown, jim lebenthal, joe terranova and jenny harrington let's check the markets. searching for direction a little bit. s&p is trying to hold on to the 4,000 level. is the rally ending? will we retest the lows? we can we hang on? that's why the stock market seems to be more balanced than it was yesterday >> let's place in context the type of market we have you've done a great job talking about this, and josh really explained it well yesterday talking about the algorithmic impact there have been 65 trading days. there has only been one day in which the s&p has closed outside 3800 to 4200 we are in a period of consolidation like we have not witnessed in this m

. >>> and counseling giant mckinsey plans to eliminate about 2,000 jobs in one of its biggest layoffsver according to several reports, the move is expected to focus on support staff who do not have direct contact with clients, and expectation tissues are hoping the move will help preserve its market compensation pool, frank. >> something to watch. silvana henao, we'll see you later in the show. >>> we've got to begin with shares of palo alto networks it's sharpened its efficiency and reducing its head-count, something the ceo spoke with jim cramer about last night. >> we scrutinized our head count and processes to make sure we run this business efficiently. we've been able to improve our profit margins in the last 12 months. >> toll brothers reporting better-than-expected first quarter results. the number of signed contracts dropped by half from a year ago, but the toll ceo says they've seen a pickup in demand. shares are up more than 2% this morning. >>> finally, la-z-boy, they beat earnings forecasts and got a slyer boost that helped to offset lower unit volume in the quarter due to

william in the computer mcneil shit off a larger house any for how can we belittle consider 100 mckinsey who hums internet this sucker, his ear a summer to macola, photographers, the heart of what our love machine was the minutes you nod was lucky. i'm a never where i'm an old dot allah de leon was that the la or i'm clear, little headed to see that who i'm little. don't let her see me. mr. caught our love yet dennis more coleman from fashion nuclear. he will touch nicholas. he not full, you khaki, little joseph mccarthy feel seed not fully milk well from one water. compare a etiquette originally. marino, what effect a dollar family with all the hateful to put out the li, hello, a little ill for sorry, ill and the said friends consulting easier from $1881.00 and declared it a still hold protectorate. this was a form of colonization in which the french govern, but the bay remained as a figure head detainees, your independence movement, gained momentum in the 20th century, and in 1943 months of may, expressed his support for the hose. let them die tunes. you shall see a water near a new ci

and i am joined by my esteemed colleague mckinsey whose work on the defense budget for structure, defense industry in a report just about to come out. also on defense reform, it's defining for aei and where the pleasure today of talking with the leadership of the army of the united states, including the secretary of the army christine wormuth and the commander of the u.s. army in the indo-pacific, general flynn. christine wormuth, the secretary, if you were intending the ideal credentialing for the secretary of the army, you could hardly improve christine wormuth, right? .. >> and also, general flynn, crazily enough is well qualified for the job the army gave him rg commanded at every level in the army, including commanding the 82nd airborne. and having been the deputy commander of indo pacom and run the army center-- was everything the center for excellent or were you the center for excellence. and a soldier well-attuned to the challenges of the theater in which he's commanding army forces and we're going to start today by -- with, of course, the question that comes from the canon of str

mckinsey is is in the news as well. strategy. this is an iconic company that is really challenged. lisa: videos reporting after the bell. the stock reaction isn't much. they cut the quarterly dividend dramatically. the shares are lower by .3%. put that money towards other things. perhaps this is the kitchen sink. tom: intel, 6% for the last 10 years. it has been a train wreck. i don't have the stock rates in front of me. i am going to say from 65% down to 30% as a general statement. jon: not earnings great this year. tom: the way we do earnings, we do them in real time. right now we are going to shift back to bond market. where all of global wall street is focus. marilyn watson joins us, the head of global fundamental strategy at blackrock. at some point you have to make a t-decision. what is a t decision? the shift up in the yield curve we see, what is your t decision at blackrock in bonds? marilyn: yields considerably higher than they have been. in the last few days, the market is continuing to refocus on where the te

he's it mckinsey guy. that just sees numbers. he doesn't see people. what you want to do is you want to go there and you want to embrace the town, literally embrace them with your arms. but he can't be bothered to do that. he says he wants to respect the investigation by not going . this would be like if jesse jr. just spilled everything all over the floor and my wife says ,jesse , can you come help clean it up and say, sorry, i'm going to stay over here and expect the cleanup? that doesn't make any sense because it jesse , you know, and i was treated like i'm not even to make a second joke. you action. you have to be there. and life is about showing up. also, the new york times is coming out and blasting conservative commentators for saying that they're speculating too much and that they're showing distrust of the government. oh, wait a second. the new york times speculating that we're all going to die in ten years. if we stop, we don't stop using plastic straws. sorry. i'm speculating that there was a toxic train wreck that might give everybody cance

mayor peter trip and transportation secretary has gone through the three stages of mckinsey style coping. first, he treated it as kind of a joke, even making a balloon reference. then he treated it as an inconvenience, noting how busy his time is , his transportation ahead. and finally, he claimed it was really just a minimal disruption since there are a thousand derailments every year. well, second, there's fema. they just turned down a request for federal disaster assistance from ohio gov. mike dewine. how long until we get this era's version of a heck of a job, brownie? and finally, there's the epa administrator, michael regan. he finally graced the suffering people of palestine with his presence yesterday. and given his back and forth with bill hemmer this morning. don't think the residents there are feeling very comforted. i'm thankful for the emergency responders, including epa staff that were on the ground hours after the trail derailment. when you bring in a senior official, especially at the cabinet level, you divert or pull away resources from the emergency response. we've been

ansportationback to mckinsey foo whatever you think of his of self personal journey of self-d, discovery, there was anth emergency in progress and the judge ignored it. >>ere wa emergency an if anything is grot firing somebody, it's that. but the demonstration did notg fire people to judge. they did the opposit somebody, ite. they praised him for breakingtin some important but not very well defined glass ceiling of some sort that you're supposed to be excited about. >> they rewarded his dereliction of duty.. so because people do respond peop it incentives, but a judge kept doing it. he kept prowar , ignoring hisafter job weeks after a train derailed palestine, ohio, causing an actual environmental disaster throughout the whole region., pe put a judge, as ofte tonight, h shas still no still not visited east palestine. why? what has he been doing?wh has h welle beenng?, as he explained t daily caller reported last night, he's taking more persona takingl time.w to >> what do you have to say to the folks in ohio, palestine, who are suffering right now? a suffering right now? i'd refer you to

or can we in the bright new transhumanist future, our leaderst futurs envision feh ourselves with mckinsey consultants alone? and if we can, how dou ma they taste? you may be wondering all of this, or maybe you're not wondering any of it because you have no clue whabecause t we'reh about, because the media hasn't told you about it. mes corps that's willing to spend a full week ignoring a sick mushroom clouohiod over o will ignore pretty much anything. >> so in case you're not up-to-a to date, here's a partial recap of events last night there was a massive and as yet unexplained fire at a plant nurser oy just south of orlandow the fire burned more than twoo acres of plastic planters, now burning plastic releases. >> a lot og plf baastid chemica including dioxins, which you don't want. >> and that's what you don't do, this in your fireplace.gl when a single plastic beakered melted in stamford, science building last year, the schoolsl evacuated the area. >> but outside orlando, there was no evacuation. residents were told to stay in their homes. >> none ofe the environmentalist's in the biden

mckinsey is cutting up to 2000 jobs. it is part of a plan dubbed project magnolia, change to preserve the compensation pool of the firm/partners. that is your first word news. yvonne: still ahead, economists sharing their outlook for the asian central banks. the rbnz hiked and decided to go 50 basis points. right now all rate hike options are on the table. the balance of the discussions are on 50 basis points, that is the latest from the rbnz. more from that presser, coming up. ♪ ♪ we all have a purpose in life - a “why.” maybe it's perfecting that special place that you want to keep in the family or passing down the family business or giving back to the places that inspire you. no matter your purpose, at pnc private bank, we will work with you every step of the way to help you achieve it. so let us focus on the how. just tell us - what's your why? rishaad: there you go, markets following what happened on wall street. stronger than expected economic data sending steps down on the expectation of higher interest rates. sin

mckenzie is said to be cutting 2000 jobs -- mckinsey is said to be cutting 2000 jobs. it will affect roles that don't have direct contact with client. it's part of a plan don't project magnolia -- plan dubbed project magnolia. global news, powered by more than 2700 journalists and analysts in more than 120 countries. i'm paul allen. this is bloomberg. >> let's take a look at some of the movers. it's all about earnings. we are watching santos, a modest upside, 1.7%, despite profit more than doubling on the back of the global energy crisis. we've seen demand being strong when it comes to underinvestment in supply. according to dos santos ceo, they are also set to return -- to the santos ceo, they are also set to return dividends. also watching oz minerals, unchanged at the moment. they missed estimates. and revenue seeing a fall of about 8.5% there as well. all watching -- also watching will work -- woolworths. woolworths group reporting sales pretty much meeting estimates. net income seeing a steep fall of about 88% year-on-year. food sales, as well as comparable sales,