as bonus, deborah proved oppenheim could a score break wiggles just as well. just as the game is heading for, draw the referee awarded this controversial penalty. free minutes from time. when is league a top score? nicholas fluke road stepped up to give bremond the win move above. i'm into 4th place. that's all we have for you for now, but don't go anywhere because up after a short break is world stories including report on americas, once mighty colorado river, now drying up to climate change. i might go craftily more news for you at the top. the our stay with us see against him with .

. >>> oppenheimer upgrading dick's to outperform.emon, nike -- the analyst behind the call is joining us why do you think there's an opportunity here this space has not been in particular favor lately. >> i think that's a part of why i'm getting more bullish the sentiment i think is overly bullish. -- bearish the consumer is holding up well. you know, that report -- nike was very clear, as well as these other companies. consumer demand is very solid. so the call we are making today, yes, things look good. >>> consumer demapped may not be the problem, brian, but didn't we learn from nike, there's other big problems inventory, the strong dollar, the promotional environment we're now finding ourselves in, with all this supply coming back online >> i think that's an interesting point. that's what nike said. it said -- the reporter have said this as well. what that means, the products are flowing, multiple orders now hitting the united states. there's excess inventory now i think it will be a relatively short-term issue, but on the other

improvement across that sector, so it would be a name lie spx, technologies, which we covered at oppenheimert even at large caps, some of the companies lie cummins, also seeing a trend reversal. >>> this iskind after confusin company, only because you see spx and you think it's the s&p 500, but this is a charlotte-based company. they make hvac heeding and cooling systems. spxc, what are you seeing in this chart area, which is so interesting to you >> $2.5 billion market cap, covered by brian blare at oppenheimer. the standout in the charts is that it's one of the -- when the market was rallying in the summer, here's a stock that pushed above the 200-day average. now during this second leg lower, while some stocks have fallen below that june lows, it's a stock able to uphold, because they think the worth is behind it. that's an indication of relative strength the 200-day average comes in around $53 that's a risk/reward, as long as you're above $53 support, once market conditions firm, which we do expect, i think there's a stock that could reassert itself, talking about new highs above the pri

joining me head of technical analysis at oppenheimer ari walden. a lot of great stuff.e want go over it all but i want to go over a couple things that stand out. the s&p 500 started october significantly below the 200-day moving average. this is gulf, grand canyon below the 200-day moving average, right? this is the deepest part in the world below the 200-day moving average but this is supposed to be good, right, ari? >> well the market is washed out. there is a variety of ways to look at it. you hit on a great way, the deviation below the 200 day. look how many stocks have fallen below the 200 day. you look at sentiment gauges. if there was a time to see mean reversion we made the case in this week's report, october is the time to see it. if in fact you were to look calendar year seasonal, how the market has performed within each month over the past 70 years, what you will find that returns in october are even stronger when the s&p starts the month below its 200 day average. charles: right. >> looking for mean reversion tendencies, along with that charles, we've noted

. >>> we've got oppenheimer out today with some of its best ideas.ot, jason sunsnipe, it the worst performer today out of the dow jones industrial average. >> yeah, i still like the housing adjacent names obviously, housing continues to be under pressure, but when i look at home depot and i look at the pro, the pro contractor, i still continue to see upside it's trading at 16 times forward. it's down 33%. but i think there's still some juice left here. >> what do you think joe? depot? loes neither. >> i'm not there yet, because there is this expectation that you have to build in that everything that the federal reserve is doing, at some point, is going to choke off the consumer demand. and the first place that that demand is going to be choked off is in a place like home depot. >> the consumer is still like pretty darned strong right now >> today >> today they are. >> and that's not true it's bifurcated the economy. you've got the upper end consumer that's pretty strong, lower end consumer is just under siege and has been for months. so, so i like th

nuclear bomb that was the end, while working the famous manhattan project, which was headed by robert oppenheimerncluded scientists not only representing the united states of america but also their closest allies. also those scientists who at one time, but worked in germany, a combat charge, which went down in history under the name, and the little gadget became the prototype of those two bombs that were dropped on hiroshima and nagasaki, this became a very important milestone in the development of modern international relations, because the nuclear factor begins to come to the fore, which will be key to the entire cold war. first in history. the explosion of a nuclear device approaching you with the designation trinity test was carried out on july 16, 1945. at 5 hours 30 minutes. the power of the explosion was 1.520 kilotons, that is, 1.5200.000 tons of explosives in tnt equivalent. it was in the interests of the united states of america to achieve world domination. i did not understand that the atomic bomb is the weapon with which they will receive this world domination the day after the tests

oppenheim or earlier discussed whether this could be discussed. >> it is always lumpy. we and most other analysts have been forecasting a decline in trading revenue next year. on the other hand, it may not happen. i think the world's central banks have stirred the pot to such a degree that investors are much more active than they were in all those years of financial suppression. it may well surprise us even though we and everybody else is saying it is not quite sustainable. jon: let's bring in sonali basak who interviewed the ceo earlier today. that suggesting maybe the trade train cannot be relied upon. let's talk about m&a activity. what is the outlook for goldman on that? sonali: i will bring you m&a and trading. david solomon said m&a is likely to slow. given the uncertainty in markets, the pace of m&a activity, new deal activity has slowed and the expectation of 2023 is that it will slow. he is also still seeing executives do you want to still do deals. frankly, goldman has been a big beneficiary. the investment banking business, while down overall, the advisory pa

his new film oppenheimer will be released by universal.ven spielberg, too, is back at the studio where he made et. back to the future was filmed here, is that right? back to the future, to kill a mockingbird. it is all a long way from the isle of wight where langley, whose biological father was egyptian, was adopted and grew up. back then, you probably weren't seeing, you know, yourself reflected back in many of the people on that island. no, i was, um... i think what they would describe me as is "exotic", and it gave me a great sense of independence and, you know, i was bullied a little bit in school as well, and so i had to really tough it out. my tour guide is now dame donna for services to film and entertainment, a brit who is redefining showbusiness on earth and perhaps even in space. katie razzall, bbc news, los angeles. and you can hear the full interview with donna langley on the media show in the bbc sounds app. time for a look at the weather. here's nick miller. a double rainbow end to the day after the rain cleared with the suns

his new film oppenheimer will be released by universal.

his new film oppenheimer will be released by universal.hat right? back to the future, to kill a mockingbird. it is all a long way from the isle of wight where langley, whose biological father was egyptian, was adopted and grew up. back then, you probably weren't seeing, you know, yourself reflected back in many of the people on that island. no, i was, um... i think what they would describe me as is "exotic", and it gave me a great sense of independence and, you know, i was bullied a little bit in school as well, and so i had to really tough it out. my tour guide is now dame donna for services to film and entertainment, a brit who is redefining showbusiness on earth and perhaps even in space. katie razzall, bbc news, los angeles. this is the launch of the spacex rocket from cape canaveral in florida. five, four, three, _ canaveral in florida. five, four, three, two, - canaveral in florida. five, four, three, two, one! - four, three, two, one! ignition, engine full power. heading to the international space station, the falcon 9 rocket has fo

his new film oppenheimer will be released by universal.right? back to the future, to kill a mockingbird. it is all a long way from the isle of wight where langley, whose biological father was egyptian, was adopted and grew up. back then, you probably weren't seeing, you know, yourself reflected back in many of the people on that island. no, i was, um... i think what they would describe me as is "exotic", and it gave me a great sense of independence and, you know, i was bullied a little bit in school as well, and so i had to really tough it out. my tour guide is now dame donna for services to film and entertainment, a brit who is redefining showbusiness on earth and perhaps even in space. katie razzall, bbc news, los angeles. now, before we go, let's take a look at this, the launch of the spacex rocket from cape canaveral in florida. there it goes, heading for the international space station. the rocket has four crew members on board including the russian cosmonaut anna kikina and nicole mann, the american astronaut. they plan to spend the

gamer bravo robert oppenheimer dart finally broke, the vow of silence, well, there were questions svetlanaasterkova. let's ask a question about the social trowel for 200. she won the track and field matches of the ussr usa in 1962 and 1963 with world records, and in 1963 he was recognized as the best world athlete. who is the right question from svetlana masterkova for 600? at the olympics, both men and women compete in this discipline at a distance of 20 km. name the discipline quite right , the men go another 50 km, and the question from svetlana masterkova is 800 km . what kind of center of gravity was transferred there, so that the aerodynamics of the spear's flight range decreased worse and worse. workshop for 1.000 the triple jump in athletics consists of three elements, two of which are a step and a jump. name the third push no. step jump jump bravo well , let's sum up the second round 3.100 hit, then 3 200 yevgeny has 3 800 nikita has the third round ahead. top ukrainian nazi recruiter alias assistant professor, i'm a stoned nationalist uh far right a dangerous spider who wove a po

guy: thank you very much, chris kotowski, managing director at oppenheim.g up, roles weiss -- roles weiss was to be fully electric company in eight years. rolls-royce motor car ceo will be joining us next. this is "bloomberg." ♪ >> here's the first word. slogans attacking chinese president on banners on a bridge last week has spread to other cities in china as well as across the globe. phrases from the original banners have criticized strict lockdowns and restrictions that have defined xi's covid-19 zero policy and call for new elections. just 10% of britons have a favorable opinion of prime minister liz truss. one day after her pullback on the book of her economic vision for britain -- vulk offer economic vision for britain. recovered from a stroke is focusing attention on the pennsylvania democrats health before an upcoming debate with you senate candidate emmett oz. double-digit edge has been cut in half. he had a stroke in may. he used a social media campaign. global news, 24 hours a day, on air and at quicktake by bloomberg, powered by more than 2700 j

what are the earnings expectations seema mody has the story for us and the managing director at oppenheima, let us kick it off with you in what looks to be washington, d.c. nice town. >> yeah, brian, this has been such a fascinating stock to watch. trading at a 30% to 40% discount to its peers in the industrial space. because it's such a highly diversified name, the focus will be on its financial outlook. jpmorgan writing there's a chance the company lowers its guidance again because of its exposure to europe it shut down its business in russia earlier this year plus liabilities, litigation surrounding its alleged defective ear plug lawsuits that continues to weigh on the stock. and while we tend to look at this name, brian, as a company that manufacturers chemicals and plastics, this company is seen as a good read on the consumer it makes everything from band-aids, post-it notes to sticky notes what they say about back-to-school spending at a time there's a lot of concern around the consumer, that will also be key. >> and i've used sticky notes as a band-aid and i don't recommend it seem

down >> i haven't been negative or positive but this morning, verizon does get an upgrade from oppenheimerause they actually downgraded the stock back in february, which wasn't a bad move >> good call >> saying at the time they overpaid for spectrum, they were late to mid band 5g bills but now they think they're gradually catching up to t-mobile in terms of 5g network performance and capabilities and they're getting to 100 mega hertz and looking to resume positive subscriber growth using a more segmented approach i'll leave it at that, but it is having an impact on the stock price. $50 is now their price target at oppenheimer as they upgraded to outperform >> i thought it was significant. >> would be. >> because they were right about -- when they downgraded it >> exactly >> constellation brands, you have them on tonight and they have what's called depletion. they had amazing numbers some people thought they were light. they solved their water problems they're selling their low-end wine, and people have decided, it really doesn't matter it's going to -- because they have the cannabis, maybe

joining us is john stoltzfus, chief investment strategist to oppenheimer.k about the price target area 4800 on the s&p 500 year end. it has been a difficult year for you. you cannot get every year right. unless we have a massive rally the next three months, how are you going to regroup and look at the framework and have a little think about where equity markets are going? john: thank you for having me. this has been an incredibly tough year on the bulls and a great year for the bears, although both groups have been mauled to different points consider what has happened within different rallies. we have interim rallies, summer rallies, and the recent patch of rallies we have just gone through, but 4800 is a little optimistic here with 26% upside from their 4800 target. the problem is that right now the market really has been held hostage by technicals, i sentiment, by politics, -- by sentiment politics and geopolitics, which factor into this, but we have to see with the earnings look like and what happens tomorrow with the jobs number. tom: i will cut you sla

suzuki is here to break down the crucial moments of the trading day, plus kristina partsinevelos and oppenheimere your thoughts on the market action today it seems like we've been here a few times today, market sustained a little bit of a struggle in the face of higher yields, fears of the fed are we going to head into a recession or not earnings growth slowing down we may have found some kind of attraction, at least in the short-term do you think it changes anything about the overall direction of things market leadership, what it means about the implications for the economy? >> yeah, mike, good to see you i don't think it really changes anything for the medium to long-term story, but in the near-term i mean, you've been commenting on this as well you know, sentiment and position on the market did get really oversold in the near-term, so you know, of yoyou have this environment where earnings is coming in as expected, so pretty bad. we saw a similar dynamic last quarter where you got to rally, you know, on the back of, you know lack of, you know, things getting worse than expected. at the same t

ukraine and the potential risk of escalating the entire conflict, theoretical physicist jay robert oppenheimerhe nuclear bomb. here, he is shocked that he has spawned a nuclear expert now warns that putin's threats to use nuclear weapons in ukraine have put the world on the most dangerous brink of a nuclear standoff since cold war. the more we talk about the use of nuclear weapons, low-charge and for them on the battlefield and our response, the more the concert of this is normalized. the existential threat of nuclear conflict is no longer a memory of the cold war nine nations armed with atomic bombs 20-30 times stronger on average that were dropped during world war ii two nuclear weapons were used by the us on the japanese cities of hiroshima and nagasaki in august 1945 , kid and fat man exploded with a combined destructive force of more than 30 ct of energy, despite the destruction and worldwide shock after the bombings. in japan, the us continued to show interest in such explosives , as far as the soviets are concerned, the hydrogen bomb, created and detonated in 1961, its power is more tha

oppenheimer lowered year target second time in july. 4300 to 5300.ow say 4,000 a practical matter. that is three months ago. we're not going to 4800 at least wherever they think we were going. a lot of ambitious targets out there. in fact goldman right now, if you take a look at this, their weight the average gain over the next year saying almost 30%! this is weighted average. is this too optimistic? i want to bring in cleo capital managing director sarah kuntz. you've been bearish on the broad market. i think a lot of people don't think it would be unusual for us to be higher a year from now but could we be that high, 28, 29% one year from now? >> i mean you can never say never, but when you look around globally it doesn't seem likely. you know i think that the numbers threw the end of this year are largely going to be dependent on holiday sales as well as what the fed says. if they make a new year's resolution they're done with rate hikes we might see some exciting numbers in the 4,000s sooner than we think. charles: i've been looking around. every

>> i meet with the president of nbc news noah oppenheim on august 8th. and i called him and said how did you do. and he said could i call you on a secure line? and later learned that he was tailed and phone is tapped. and nbc basically fired him don't think that he has the goods. and he was free to take it anywhere. who would want it? he didn't ask it, he said it as a statement. i said give me your number and i'll call you. and i called david, a lion in the world of journalism and i said, david, this kid has finally broken the case. it's unbelievable and he's judicious and careful. and he did and ronan, i had one meeting with him, but essentially it was all ronan. nbc claimed that ronan didn't have the goods only the goods after he went to the new yorker, which is baloney. he had the goods at that time. and in any case, two sets of reporters do an amazing job. and i'm talking about jody and mack later and then a week later ronan ferrell broke the news in the new yorker. and successfully, you've got to get the women not alone to talk, but talk with fellow

oppenheim on august 8th. great. august 9th, i call ronan farrow. and i said, so how'd you do? he says, can i call you on a secure line, which immediate. i'm saying, what is that all about? and little what we later learned is that he was being tailed and his phone was being tapped. so he calls he calls me and he says, nbc has basically fired him. they're not running this story. they don't think he has the goods and but he's free to take it anywhere. he said who would want it? you know, he didn't ask us the question. yes, it is a defeatist label. i said, give me a number. let me call you back and i didn't tell them why i called david remnick, the editor of the new yorker, who's a friend and a lion. in the world of journalism. and i said, david, this kid finally has broken the case. it's unbelievable. and he's judicious, he's careful. he says, have him call me on monday morning. ronan did, and ronan went off. i had nothing to do with this. i'm at one initial meeting with him and remnick, but essentially it was all ronan. nbc then claimed that ronan didn't have the goods. he only

rating on the stock, and a $325 price target here with what he expectsfrom netflix results is jason, oppenheimerd of internet research jason, welcome good to have you with us tell us what you're expecting netflix to say today, and i guess the number that most people watch closest is net ads. >> correct they guided for a million. we think the streets, it could be a little better or worse. i think this quarter doesn't matter truly more the update they give you as they have been leaking out information on the new ad-tier product, basically coming in, you know, a dollar below disney we have seen some data that suggests churn should get better in the fourth quarter. so i think it's more if they assume they guide for the fourth quarter, we're at 5.3 million net adds we're more bullish than the street there, but really it's how we see the story evolving over the next 12 months is why we have the outperform rating. >> do the net adds go up in the fourth quarter because of ads? >> it's by bringing a lower priced tier, it should reduce churn, or people kind of canceling. secondly, we think their content s

points, s&p up .3, and nasdaq about .3 higher as well jpmorgan asset management phil cap really and oppenheimer'sems we have a bull-bear debate that e we'll be plotting out phil, i'll start with you. your take on equities right now given all these macro crosscurrents we've been talking about day in and day out. >> we'll start with good news. yanks won last night, so that's good. >> i know. >> the other piece of good news is we're going into cpi tomorrow which you mentioned in a much, much healthier technical position what do i mean by that the ten-year was at 3.30, at 4% now. the s&p was 12% higher people thought we were going to have some sort of abatement. that's the good news we may see a little bit of a rally. we don't think you can sustain a rally here because the fed's open mouth operations are not changing any time soon they have zero tolerance for the equity market rallying, for financial conditions easing. morgan, if we get a good number? what do we get, 8%, 7.9? way too far away for the fed to be comfortable >> so to put a sharper point on it, you think we have further to fall >> we thi

oppenheimer has thrown the towel in. we are updating our price target based on the target.potential by year in to establish the target of 4000. i believe it was something like 5300 at one point and that is gone. tom: he has been dead on. if you put a time on it, always, you get in trouble. i would suggest he is extending out his view. because the calendar is moving on. lisa: one person. he pushed it out but he did not abandon the call. jonathan: people get it wrong sometimes. would you hold onto it for a while? lisa: my question is how much can you ask out, simply because of the resilient you that we have been seeing? jonathan: live from new york city, this is bloomberg. ♪ jonathan: good morning. after an ugly closed on friday, bouncing back. helped out by the bond market. yields come in and drop away after kicking up higher, much higher. on a 10 year yield, climbing for 11 consecutive weeks. having a little look at the forehand, back and away. the bond market is all over the place. remember the 30 year plus is where that operation was taking place. it is helped out by the

chief investment strategist at oppenheimer asset management. from 4800 down to 4k.e of the big moves we've seen. equity futures pushing higher. up again this morning on the s&p. yields a little bit lower. just cracking 4% of the 10-year. goldman out a little bit later this morning. should be the next 10 or 15 minutes or so. tom: we just heard, looking at 15% on a goldman sachs on the total return kind of one year basis. we will digress here quickly. maria, i believe it's all quiet on the northern front and the northern front is a back story. and that is belarus. explain to us the dialogue between moscow and minsk. >> that's a key relationship which goes back two years. they really feared the grip on power was going to decline. vladimir putin stepped in. essentially is puppet. lukashenko will never say he is but in many ways he has participated. and you make a very good point. the ukrainian say let's be honest the army is not in good positions -- but is a distraction for the ukrainian army which will tell you they are focused on the southeast. they also say watch out

igor vasilievich, our people in america working directly with oppenheimer have already provided you withe in particular with regard to the design of the charge, and they continue to work. yes, this is true and we are very grateful, of course, and not only for what concerns the design, at this stage, the problem is not even in the stuffing. we need plutonium, which is practically non-existent in nature. we we are also working. so what? mind is not enough in the complex. this is an extremely complex and costly process. it requires the restructuring of the entire industry, in fact, the creation of a new nuclear industry. so we will create. a special committee has already been set up. i am the chairman, the general, the colonel, we are the deputy, many here know him, boris, sit down, i will ask comrade kurchatov and khariton, all of you to present him with a plan in general terms, the main directions of power, resources, everything that is required. tomorrow we will start working. you don't have tomorrow? tomorrow i have to report to stalin's comrade through year we should have our own atomi

this is helped by analysts at oppenheimer from a prior market perform.italize on post-pandemic consumer demands and dick's sporting goods up pretty good and 3% up in the pre-market. >> in the meantime, at&t reporting better than expected quarterly results this morning and joining us to talk about it is john stankey, at&t's ceo. the numbers are better than expected and just in terms of subscriber growth numbers and that's a big part of the story here what happened? >> what happened is we continue to make progress around what we told the street two years ago we were going to do, and i think actually the subscriber numbers are really impressive and really good and demonstrate a lot of hard work and progress i think more importantly, we saw the profitability shift that we said was coming in the second half of this year through a combination of as you see stronger etfs than what analysts are expecting and our cash flow's in a much better place and record ebitda in the growther and strength and when we see the growth of revenues starting to match the ebitda in

this uk news and what it means for markets on both sides of the atlantic, i want to bring in peter oppenheimerhe earnings we saw this morning, and then this whipsaw just yesterday and what the fed may or may not do about all of it when it comes to cpi data where are you? where do you want to start >> well, i think that in a sense, what's happened in the uk is reflective of what's happening more broadly, and that is that the cost of funding debt is rising on the back of, still, rising inflationary pressures and also particularly across europe the pressures to increase fiscal support to moderate the shock coming from things like real income squeeze as energy prices rise so, in a sense, it's a broad picture of stabilizing interest rates, and i think that until there's clear evidence that inflationary pressures are coming down and inflation expectations are stabilizing, it's really going to be interest rates which are dominating the risk backdrop, and certainly, looking back in the past, it's not really been until inflation and rates have peaked that equities have tended to trough in a bear market