i'm sonali basak let's talk about that u.s.obs report because employers are add the most workers in a year and wages are jumping a surprise reacceleration in the labor market solidifying that the fed will hold off on rate cuts any time soon. we have a market here really reacting. we have s&p and nasdaq 100 that are reacting to positive earning surprises here. the s&p and nasdac looking to end the week on gains. the tech heavy nasdac 100 up about 1.8%. we have the yields reacting to the job numbers. nearly 20 basis points here the two-year yield. and the 10 year yield, a drastic move here. 17 basis points higher on the day. well above 4% and here 405. and some midday movers on the equity side. exxon and chevron surpassing as surprise output from shale fields had to cushion the blow on weakening crude prices. we are at 72 poend the week we are dollars lower than where we even started the week and almost 2% lower on the day. we have exxon more than 1% and chevron up more than 2.8%. shares of meta and amazon are surging and just a

sonali: from new york city for our viewers worldwide, i'm sonali basak "bloomberg real yield" starts right now. ♪ sonali: coming up, fed officials preach patients on rate cuts. investors are breathing a sigh of relief after modest revision to u.s. inflation. key treasury yields are reaching 2024 highs as the economy stands strong. first a big issue. the fed pushing back on rate cuts. >> you've got a number of fed commentators really pushing back. >> pushback. >> pushback -- >> pushback on the right cuts. >> the fed has signaled they are done raising interest rates. >> locked and loaded to cut rates if needed. >> await and see. >> wait until inflation gives them the data they want to see. >> the committee is struggling to catch up how quickly the data have moved. >> one variable the fed is looking at is core cpi. what we have seen over the last few months has been core cpi coming down. >> we have scar tissue from this inflation. >> the economy has been strong. we have the luxury of waiting. >> we need to see more data before we can decide when exactly they are likely to cut rates and b

i'm sonali basak. we will look at the stock rally. losing steam after a powerful rally driven by artificial intelligence. we will get a quick check on the markets. s&p 500 off of session highs for the day. still near the 5100 level. still up about .1%. that is a hefty rally as we saw just a day ago. nasdaq 100 losing steam. down about .2%. sox semiconductor index down .8%. three threes, three indexes. hit record highs yesterday. we are seeing some of the selling pressure today. russell 2000 come again on the day. this is down on the week. the small to mid-caps not seeing the same kind of love you see in the larger indexes. we will bring you over to the equity side, some midday movers. booking holdings plunging after a disappointing forecast, travel reservations and bookings disappointing. down 9.3% on the day. palo alto shares rebounding after its worst day on record. it is up about 4.6% on the day. nvidia is the first semiconductor firm to hit a $2 trillion market cap. another milestone after blowing out earnings. it cements nvidia's

i'm sonali basak. we will look at the stock rally.steam after a powerful rally driven by artificial intelligence. we will get a quick check on the markets. s&p 500 off of session highs for the day. still near the 5100 level. still up about .1%. that is a hefty rally as we saw just a day ago. nasdaq 100 los

i'm sonali basak let's talk about that u.s.rt because employers are add the most workers in a year and wages are jumping a surprise reacceleration in the labor market solidifying that the fed will hold off on rate cuts any time soon. we have a market here really reacting. we have s&p and nasdaq 100 that

sonali basak this is "bloomberg markets." i'm sonali basak. it is time for the stock of the hour.e owl shares are surging and hitting a record high. it comes after reporting strong earnings and revenue growth. joining us to talk about the momentum in these asset managers are john sage and -- if you think about the things we have seen from aries, apollo, kkr, where does blue owl fit into the story of private credit? >> i would say especially from growth in feed related earnings. especially things like taking one of their bdc's public and showing how it will generate 200 million of estimated annual growth in their fee related earnings. small things like that where they are saying we have a lot of potential shots on goal when it comes to these types of bdc's and these types of growth and high feed generating products, which they have a lot of. sonali: about five years ago, we broke the story when a predecessor firm for blue owl became a $1 billion company. today, it is more than $20 billion. it is worth more than carlisle. can these kinds of firms that have really rode the private cr

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i am sonali basak.or stock of the hour. blue owl hit an all-time high friday. it is one of the largest players in the private credit market. it helped fuel the rally with strong earnings that highlighted asset growth and a dividend increase. blue owl last year formed a partnership with the abu dhabi wealth fund. the moves highlight the growth of the $1.7 trillion private credit market which has more than doubled in size over the past five years. joining us now is marc lipschultz. let's start with the middle east. this is such a highly watched story, the amount of money coming in from the middle east, from abu dhabi in particular. you also announced a recent partnership with a different abu dhabi-based fund. how do you describe the need for capital from across the world? >> thank you again for having me today. the need for private solutions remains strong for one really important reason, which is it works as a matter of investment results for the people participating. whether those are institutions or ou

i'm sonali basak. this is bloomberg real yield. it's time for the auction block. issuance stays hot with u.s. high-grade off to the faster start for the year on record. it was another active week for over $37 billion in sales pushing volume 16% over where we were for the first time in 2023. there were big names with sales like intel, bmp, and bristol-myers. bristol-myers was a massive sale of $13 billion in bonds to help finance acquisitions. the deal gathered orders exceeding $85 billion. it was the biggest offering since pfizer in may of last year. u.s. high yield almost $8 billion priced this week with monday seeing more than $6 billion making it the busiest day for supply since april. so far the toe does -- total supply is almost 19 billion up 13% from february of last year. rob welner of invesco weighing in on the current environment for credit. >> there's a basic conundrum. at the macro backdrop is very positive. steady growth, disinflation, the fed moving towards cuts. the technicals in credit a

sonali: this is bloomberg markets and i'm sonali basak.s of top retail companies after earnings. abigail: it is bit of a mixed bag here. take a look at shake shack, heading to its best day since march of 2020. gaddy is down 15%. as far as what is going right for crocs and shake shack. they had a record year. they exceeded earnings expectations right across the board. as for shake shack, they returned to better profitability but their operating margin was 20% and store growth outlook is pleasing to investors. let's take a look at yeti because demand is cooling for the yeti containers we all use. consumers, the sticker is pretty shocking. you're can i really have to want that high quality and consumers are shunning the higher price. plus, their forecast fell short and you can see here, revenues are pretty lumpy and the fourth quarter. sonali: coming up, we will dig further into retail. a big day for the consumer. stick with us, this is bloomberg. ♪ were you worried the wedding would be too much? nahhhh... (inner monologue) another destinatio

sonali: this is bloomberg markets, i am sonali basak.ook at the s&p 500 breaking further into the green up about .1%. it has been wavering. the nasdaq 100 gaining steam at .3%. the two year yield also losing the bed that it had. -- the bid that it had. we did see more of a bid. the 10-year yield down to 4.24. mid-day movers to talk about. c3ai shares surging after the last -- large sales suggesting that the new bet on ai abscess paying off. an paramount beat expectations and predictions. coinbase is recovering from the in lots of traffic during the recent bitcoin rally, putting users off. marathon digital plunging following a murder -- a meeting but analysts learning how new accounting rules boost the results. marathon digital down .8 -- down more than 17%. spot bitcoin etf's are paying off. that coin nearing an all-time high. why did the demand -- the demand for the a trope in attracting 7 billion net inflows in less than two months. and now we have the galaxy digital sign -- founder and ceo joining the night now -- joining me right now

i'm sonali basak.ants worth a combined $5.4 trillion toward earnings after the bell, meta apple, and amazon each face unique challenges as they aim to meet high investor expectations. joining us now is bloomberg technology's coanchor ed ludlow from san francisco. how higher the expectations? how fragile are the companies going into the season? ed: they are sky high and we go based on results from microsoft and the investor response. we know microsoft put a lot of money into ai and there was a high degree of confidence that would materialize in the topline on the bottom line and it did and they told us how it did commit six percentage points of contribution to cloud growth from generative ai. but the stock still had a negative reaction. there are important idiosyncratic nuances between each of the three names reporting after the bell today. what they have in common is a high bar. i suppose ai links to them as well. sonali: looking at the numbers that come out today, are there clear winners and users --

for more on that deal,, sonali basak joins us now. we are looking at the biggest deal of the year. nali: one of the biggest since the financial crisis. discover shareholders will get 40% of the combined capital and they will become the number one card company by volume in the country. this is a deal expected to close at the end of this year or early next year and in the meantime they will face regulatory approvals in that process. we know many of those regulators have already started to tighten up. the way they look at these large deals, these are both companies by the way that are subject to federal reserve stress tests. already under intense regulatory oversight. but have very different consumer bases so you have capital one, that does have fica score consumers of 660 and other -- and under at a greater rate. by buying discover, gives them a wider client base and allows them to go more upscale. more importantly, it gives capital one access to a credit card network company. that competes more heavily with the likes of visa and mastercard, which currently discover is a much lower --

sonali: this is "bloomberg markets" and i'm sonali basak. s&p 500 losing some steam.g to snap the two day win streak. we have the nasdaq trying to get a lift. for than 50% boost in stock just today alone. keeping an eye on yields. the thirty-year auction coming up later today. the ten-year buyers were underwater from where they bought it just yesterday. yields on the rise. we are also watching oil prices. crude fueling the energy industry. the s&p 500 is the biggest gain or. shares of paypal are falling after issuing a disappointing 2024 outlook. it is one of the worst performers on the day. wells fargo said it would vindicate the permit bears -- the perma bears. saudi arabia is said to be hiring citigroup, goldman sachs, and hsbc for a secondary share sale for aramco and they would raid to wait -- they would raise $20 billion. aramco ipo raised $20 billion. bloomberg simon casey joins me to talk about the dynamic. $20 billion on top of the $30 billion in the ipo. how significant is the share sale. simon: is going to be one of the biggest share sales ever. it is a hug

. ♪ sonali: this is "bloomberg markets" and i am sonali basak, and it is time now for the stock of the capital when agreed to by discovered others all stock deal to create the largest -- discover in a $35 billion deal. the reality of the situation is you have two massive companies with slightly different consumer bases. one major question out there in the market is if capital one has been so leaning towards customers that are not always prime, sometimes subprime, sometimes under the 660 fica score, and they are going upscale, they have been more and more, do they start to leave some of these consumers behind? >> it is a bit of a bar build is to be should become to the high-end ash bar bell, low end to the high end -- bar bell, low end to the high end. think it folds nicely into their portfolio -- i think it folds nicely into their portfolio. it is nice to have structural improvement in delinquency and recoveries, which are two competitive advantages capital one has. sonali: one other question about competitive advantage, traditionally cover itself has been a smaller network. you still

your bloomberg brief with sonali basak. e board member suggesting that the eurozone may have weathered the greatest impact of an interest rate hike. saying, "our models tend to suggest that pea impact of monetary tightening may be behind us." ecb officials will hold their next meeting march 7. u.s. crude oil exports hit a record level highlighting the pressure on opec-plus nations to avoid a global surplus ahead of its meetings next month. february exports hit 4.81 barrels per day, about one million more than a month ago. opec-plus members are set to decide that month whether to extend voluntary output cuts, 1.9 million barrels a day. the new sports streaming merger between disney, fox, and warner bros. could attract 38 million subscribers by 2032 representing half of the u.s. households who like sports. the service is expected to cost between $35 and $40 per month. jonathan: next, a fresh round of sanctions against russia. >> the sanctions that we will be announcing on friday will be in connection both to the two-year anniv

. ♪ sonali: i'm sonali basak, and this is the "next big risk."e job of a financial executive to calculate the unknowns. geopolitical tensions are rising across the globe, a

. ♪ sonali: i'm sonali basak, and this is the "next big risk."the job of a financial executive to calculate the unknowns. geopolitical tensions are rising across the globe, as conflict engulfs countries in the middle east and europe, and concern builds around taiwan

. ♪♪ sonali: from new york city for our viewers worldwide, i'm sonali basak. "real yield" starts now

. ♪ sonali: i'm sonali basak, and this is "the next big risk."the job of a financial executive to calculate the unknowns. geopolitical tensions are rising across the globe as conflict

. ♪ sonali: i'm sonali basak, and this is "the next big risk."the job of a financial executive to calculate the unknowns. geopolitical tensions are rising across the globe, as conflict engulfs countries in the middle east and europe, and concern builds around taiwan and china. investors are also uncertain about the state of the economy and a divisive presidential

we want to get some breaking news from the sec prayed let's go to sonali basak with the details. sonali: the sec is set to ask hedge funds at proprietary trading firms trading in treasury markets regularly to register as dealers. this is a designation by the sec that would require these hedge funds and trading firms to have much greater comprised cost and oversight. these are all part of the sec chairs packed to try and reform the treasury market. some of the reforms have been welcomed i the industry. this is something we expect heavily to be fought by hedge funds on the larger industry given the concerns it would add a lot of challenges to trading in this market more regularly. the hedge funds and market makers protest they are playing an increasingly important part of this market given the role they added adding liquidity at a time when issuance is pretty extreme relative to what we've seen in the normal markets. the basis trade has been in the markets -- spotlight because of prior hiccups in the market particularly in repo markets. this is another effort by the sec to provide m

he was your bloomberg brief with sonali basak. ia shares up after the ai darling delivered another eye-popping earnings report. roles most valuable chipmaker says revenue will come in at a better-than-expected $24 billion. the ceo says demand for nvidia's products will continue to outstrip supply for the rest of the year. nvidia's market cap has increased by more than $400 billion share, bringing its valuation to $1.7 trillion. sadie's shares trading higher. the automaker's forecast offset by the announcement of a $3.2 billion share buyback program. the ceo warning that its electric vehicles will remain more expensive for years to come as it braces for cooling demand for cars with the plug. apple is rolling out a free iphone app to bring scores to sports fans. it is available for download in the united states, u.k., and canada. it will include stats from the major leagues. apple says it plans to add more leagues over time. that is your bloomberg brief. jonathan: thank you. i struggle to believe that is a real story. they are finall

. -- sonali basak. nvidia is hitting all-time highs in japan, europe and the united states.. the s&p 500 hit a new intraday high. the sox semiconductor is flying up more than 4.6%.

sonali: this is bloomberg markets and i am sonali basak, the home improvement market is in need of improvemente indexes falling for the fifth straight week in home depot and lowe's acknowledges slow down and do it yourself renovations due to the weakness in the housing market. the home improvement provider issued guidance was below the estimate and we will discuss this with front door ceo bill kopp. was interesting about what were seeing in the mortgage market is compounded with the idea that rates might stay higher than the market initially expected. how much more weakness could be ahead? bill: there is a lot of optimism among the real estate industry. they think home sales will go up 13% this year, there is belief that mortgage rates will come down with interest rates and we have not seen any change. is hurting sales. last year we were down 20% which is in line with the decline in real estate. we don't see a turn but a lot of industry experts think the leader of this year it will turn. sonali: how do you navigate the problem here? do you expect softer sales for a while and do you counter tha

sonali: live from bloomberg's world headquarters in new york, i'm sonali basak. d i am kailey leinz. welcome to bloomberg crypto. sonali: what investors says bitcoin might be a double whammy for corn-based -- for coinbase. kailey: and we

. ♪ ♪ ♪ >> live from bloomberg world headquarters new york, i am sonali basak. d.c., i am kailey leinz. sonali is a bitcoin boom: -- it is a bitcoin boom. it has cli

. -- sonali basak. nvidia is hitting all-time highs in japan, europe and the united states.e will get a check on those benchmarks. the s&p 500 hit a new intraday high. the sox semiconductor is flying up more than 4.6%. the nasdaq 100, not hitting a new record high but up 2.4%. the dow jones industrial, average hitting a new high, up 6/10 of 1%. we will talk about the mid-day movers. we will start with nvidia, fresh off of its blowout earnings. it's sitting at a record high. the stock is on track to add more than 200 $50 billion in market cap. it would be the biggest single session increase in history, increasing the gain made by meta at the start of this month. -- eclipsing the gain made by meta at the start of this month. some more big movers here, supermicro, a mover of the year, moving up more than one to 5% on the day. that means a 200 percent increase on the year so far. synopsis, sitting on one of the biggest deals of the year, moving up more than 10.4% on the day. fueling the ai tailwind, up double digits. the software company reporting first-quarter results that beat

. ♪ i'm sonali basak. welcome to "bloomberg markets."e are looking at a lot of red on the screen after the hot cpi print. s&p 500 down more than 1.4% on the day. nasdaq 100 taking a bigger hit, down 1.6% on the day so far. the russell 2000 taking a brunt of the pain, down nearly 3.5%. we have seen the rally in the small and mid-caps come back up to the and the last year with the expected cooling of the yields. we are seeing the pain back in the small and mid-cap sector. two-year yield of a stunning 11 basis points after that cpi print, up to nearly 460. 458 on the day so far. to talk about that cpi print and the latest small business optimism report. when we look at the cpi print you are watching traders recalibrate. how quickly are they recalibrating expectations of rate cuts this year? liz: the cpi data did not go as people thought. it's much hotter and a lot of categories, especially services. that has people pushing back that they have seen the first fed cut coming in july instead of june. we thought were -- we thought march maybe. i

conversation with carlisle, ceo harvey schwartz joins finale bass act one year on -- joins it sonali basak one year on from taking the top spot. ♪ katie: welcome to bloomberg markets. you take a look at these markets right now it is quiet. s&p 500 currently up .4%, slightly better if you take a look at big tech. i wanted to highlight the vic said the bottom continuing to fall just slightly. then we have new york community bank, one of the biggest stories in markets, following another 7%. the struggles are continuing. cap i moody's yesterday, just one week after announcing it was slashing stockpiling reserves and putting more concern on commercial real estate. that is the fact that when you look at new york community bank, deposits have increased since the end of last year. how much of a comfort should that be? >> it is a nude -- near-term comfort that they boosted the liquidity and deposits grew despite market turmoil. that is less of a near-term concern that deposits are flowing out of the bank but what is more concerning after a management, earlier this morning's they are still focused o

sonali: i'm sonali basak, and welcome to "bloomberg markets." we are going to start with a check on the markets half an hour into the trading day. the s&p 500 standing essentially flat on the day, looking to break further into the green after cracking the 5000 level on four straight days of gains. nasdaq 100 essentially unchanged on the day. both indices going between gains and losses on the morning. the two-year yield staying flat on the day. we are hitting highs of the year just before key inflation data this week. we're watching the oil industry because it hit another megadeal. diamondback energy agreed to buy texas oil and gas producer endeavor energy resources. it will create the largest oil company in the permian basin. joining us is at the months, was covered this industry for a very long time. when you look at this deal and put it into perspective with the flurry of deals in energy we've seen the last four months, what is different if anything about this one? >> this is a very interesting transaction. surprise surprise, another megadeal

i am sonali basak and welcome to newburgh markets. that is get a check because you have the s&p 500 struggling to hold onto gains. you have it in the red on the day and week but the nasdaq 100 experiencing more losses on the week down about 1% on the day and down that -- more than 1% of the week. the russell 2000 feeling losses on the day down more than 1.3%. that is something that you saw significant gains in recent days. we are not wiping out all of the gains for the week. the two year yield is where we are seeing a lot of the movement. we do see the two year yield up eight basis points on the day back to levels that we saw on tuesday after the surprising inflation data holding at about 4.65. data crossing the terminal on that sentiment data. michael mckee has the details. michael: good news on the headline because it rises a little bit, not as much as anticipated. 79.6 from 79. but, the number that catches everybody's i is the -- eye is the one year inflation expectations which rises. this was taken before the cpi and ppi was taken

i'm sonali basak. we have been watching producer prices all day because the index rose in january more than forecast fueled by rising cost of services and highlighting how biden said he has no reason to believe the reports of his death are not true. he said we don't know what happened but the quote from biden is it is yet more proof of his brutality and went on to say this underscore and the -- this underscores the importance of his comments and he renewed calls to past supplemental aid for ukraine. ukraine is part of the package. the house has declared that dead on arrival. president biden chastising congress for the fact that they have left town for two weeks without that resolved. he said the failure to support ukraine at this moment will not be forgotten. we did get a statement from mike johnson, speaker of the house, about navalny's death earlier today. he said putin is a dictator likely responsible for the death of navalny and went on to say as congress debates the best path forward to support uk