welcome to bloomberg markets i'm romaine bostick in the latest record close for u.s. stocks is put on pause with the s&p sitting on again to start the year. not much action here a lot of restraint ahead of the treasury refunding details and the fed decision day and a deeper gauge of sentiment as earnings season kicks into high gear. you look at the big movers and that includes ups dropping 9.3% coming in well below analyst expectation meanwhile whirlpool with weaker than expected expectation saying the cash flow outlook. there are a few bright spots with gm with consensus growing that auto sales will continue to be resilient. and then micro, anything ai and a company they could promise in ai future. raising that revenue forecast with the ai demand that is still outstripping supply. friday payroll reports, it is not looking good. ups cutting 14% of management. american airlines getting rid of 8% of customer support. lows, levis have all started the year with plans to trim down in the latest read on job vacancies. the number of americans quitting their jobs has failed t

i'm romaine bostick.told you it was going to be really consequential week for economic data, and that includes housing data as well. we are expecting to get an update on home sales prices tomorrow, and we are also expecting to get an update from pulte. they report tomorrow morning, and new-home orders are expected to increase 43% from a year earlier, as the u.s. housing market continues to grapple with excess demand. pulte expects between 9000 homes for 29,500 previously -- expects 29,000 homes, from 29,500 previously. our next guest has a neutral rating on pulte right now. would be remiss in not pointing out that the new home builders have been the superstore of the last year or so, despite all the stress in the existing home market. new homebuilders have held up pretty well. is that going to continue in this report tomorrow? >> thanks for having me on. we from an earnings perspective are in line with consensus. but we do think that gross margins are going to be a little bit weaker, as well as order to g

here at bloomberg headquarters in new york, i'm romaine bostick. >> i'm katie greifeld. look at the equity trade right now. the s&p 500 is trying to go green. not quite exactly getting there, down a 10th of a percent at the moment. we have seen big tech flip into positive territory. the nasdaq 100 up .2%, fighting back. take a look at the bond

live in new york, i am romaine bostick.: kicking off to the closing bell in the u.s., take a look at the equity markets right now, not too much going on, take a look at the s&p 500, we managed to flip into the green. .4%, higher when you take a look at the big tech or the nasdaq 100.

live in new york, i am romaine bostick.kicking off with about two hours to we have a rally on our hands. take a look at the s&p 500, up .9 percent. repowering the index. by about 1.7%. it is an interesting week. we have a lot of events coming up later in the week. that is as the bond market rally resumes. currently

live at studio to hear at our headquarters in new york, i am romaine bostick.d i am katie greifeld. two hours to go. he

live in new york, i'm romaine bostick. >> i am vonnie quinn.ve already had a high on the s&p, a great day for the team at bank of america can talk about how the magnificent seven and the narratives of last year still count and at least for today it is true.

i am romaine bostick. >> and am scarlet fu. 2023 has given way to risk are generally as christopher waller's to elaborate. the s&p 500 is limited losses. two days of treating this week and two days

. >> from studio two at boebert headquarters in new york, i am romaine bostick alongside scarlet fu,ng you off to the closing bell on this wednesday afternoon and we start with a look back at the last fed meeting, ending on december 13. no decision on rates but a big decision on the dot plot. kailey leinz is in washington right now with a readout of the fomc minutes. kailey: chairman powell said at the press conference last month that rate cuts were discussed but the min

live in a dark studio, i am romaine bostick. scarlet: and i am scarlet fu.00 clawing its way back, clinging onto its first gain of the new year. do we have the screen up? it is on track to end a three-day decline, up by .1%. u.s. treasuries are pushing yields up across the curve. climate jobs showed u.s. companies continue to hire last month, raising the stake fo

live from new york, i am romaine bostick. scarlett: we are kicking off to the closing bell.gains, the first advance this week, the holiday shortened week. big tech, leading the way with the nasdaq of .9%, the chip sector getting a boost in particular thanks to tsmc's outlook. the 10 year yield, down slightly by 10 basis

kriti: wells fargo's mike mayo speaking to romaine bostick and scarlet fu.don't miss our exclusive interview with morgan stanley's executive chairman, james gorman. he's on his way out. we will have an exclusive interview. in the meantime, i want to get some of our other top stories from this morning. harvard president cladding ga -- claudine gay stepping down and initial tenure marred by allegations of plagiarism. she says it's in harvard's best interest for her to leave the job. . her exit is a dramatic out face from her acclaimed start in july as the university's first black president. donald trump has filed a lawsuit seeking to restore his name to maine's presidential primary about. the state declared the former president ineligible for another term under the u.s. constitution's 14th amendment, which bars candidates to engage in insurrection. colorado republicans have already asked the supreme court to reverse a similar decision in their state. the social media company x has started to re-show news headlines alongside links shared to the service. the mov

i'm romaine bostick. katie: i'm katie greifeld, kicking you off to the closing bell in the u.s.look at stocks right now. pretty soggy. off our session lows. the s&p 500, down about .2%. we were much lower earlier in the day, .9%. coming back here. the nasdaq