sonali: from new york city for our viewers worldwide, i'm sonali basak. bloomberg "real yield" starts right now. ♪ sonali: coming up, economic data starting to weaken. u.s. consumer sentiment falls for the first time in months. another big investor warns of no rate cuts this year. we begin with the big issue. the fed's handle on inflation. >> january is a bad month. >> a lot of january effects in the data. >> the overall story is still the same. >> we are moving in the right direction on inflation. >> it is coming down, aching progress. >> we are on track to get cuts. >> we know the fed will get cut. >> it is how many we get. >> we are in this process of capitulation. >> the market thinks the average will be more like three cuts. >> the fed is continuing to tell us data dependency and we are watching that data. >> we won't be surprised to see march and april core inflation come in weaker. >> how q2, we will see all of those beginning of the year effects. >> talk to me in the spring. >> let's start by looking at the two-year yield. massive movements. more t

i'm sonali basak. let's look at how stocks are finishing the week. in the green, but a big move in bonds after comments from fed officials. let's check on the markets. the s&p 500 now higher about 1.5%. nasdaq 100 up about 1% on the day. and we are watching a divergence when we look at the regional banking index. s&p regional banking index now down about 1.3 percent. that is off the heels of jitters at new york community bank that we will talk about. the two-year yield back down to 4.53. you have to remember, we started above 4.70. quite the move we have seen. eight basis point move lower on the day. mid-day movers on the equity side. some things are flying. shares of dell soaring after better-than-expected sales and profit. fuel needed to handle ardell intel -- artificial intelligence work. dell up more than 20%. shares of sound hound down after earnings missed expectations. they sorted since nvidia raised its stake in the company last year. new york minute heat continues its 2024 declines. it raised concerns about loan oversight. commercial to comm

i'm sonali basak. that does it for bloomberg markets for now.s is bloomberg. ♪ you're probably not easily persuaded to switch mobile providers for your business. but what if we told you it's possible that comcast business mobile can save you up to 75% a year on your wireless bill versus the big three carriers? did we peak your interest? you can get two unlimited lines for just $30 each a month. there are no term contracts or line activation fees. and you can bring your own device. oh, and all on the most reliable 5g mobile network nationwide. wireless that works for you. it's not just possible, it's happening. >> from the world of politics to the world of business. this is "balance of power." live from washington, d.c.

sonali: i'm sonali basak and this is bloomberg real yield. on the auction block on a record quarterly pace for she went in europe and the u.s.. this week that u.k. helped fuel a record selling a 4 billion pound offering of a 30 year inflation linked debt note that saw orders of more than 56 billion pounds, an all-time high for that class of securities. there was a british realtor u.s. high-yield sales this week with aston martin selling debt in pounds and dollars to refinance existing notes. the 960 million five year tranche saw over five times covered. automakers helping fuel u.s. high-grade weekly sales with names like volkswagen and hyundai and goldman sachs banks usa for sale since 2019 driving the total to over $27 billion. king streets brian higgins seeing a lot of rate financing that needs to happen. i spoke with him yesterday. brian: going into the end-of-the-year you will see slowing. i think it will ultimately be looked at as no landing, soft landing, progressing into a harder landing. a lot of refinancing needs to go on on the reef

joining us is milton berlinski, the cofounder of reverence capital and sonali basak.et us set the scene and start to talk -- and talked about how the deal came together. did stephen call you or what was the initials first steps? milton: so, we were approached by the banker helping arrange this. we knew that stephen and i had a long relationship going back to goldman sachs to see if we would have an interest. we obviously did, for several reasons. one is that we recently merged into us a real estate group called pembroke road by -- run by larry combe who had a deep relationship with part of the bank, and knew a lot of the assets. so, we felt comfortable that we could assess the risk very quickly. and secondly we had been having a dialogue on the asset side with institution and so that was very helpful. and so we got the call from the bank and of course we were very happy to do that. katie: this deal was immediately in the money, quickly and almost doubled. since then the stock has been volatile. investors are looking for a reason. what is new york community bank a year

this has been sonali basak. happy weekend to you all. ♪ fresh, warm hot dogs!g 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. caroline: i'm caroline hyde. ed: and i'm led ludlow. caroline: stocks and crypto pushed to record highs, bitcoin at $70,000 and the ai rally as nvidia

sonali: from new york city for our viewers worldwide, i am sonali basak and "bloomberg: real yield" starts right now. coming up, a hud payrolls number is met with cool wages and report spurs investors to lock in the rate cut. with all of the focus on the fed , credit issue it sets another record. we begin with the big issue. fed watchers soak in the data. >> this is an ambiguous report. >> a positive story. >> jobs numbers have exceeded expectations consistently. >> this economy is not as fragile as people think. >> labor market holding up. >> the market will interpret this as good news. >> the soft landing is priced in. >> you have to take the fed at its word that three cuts is probably the likely place. >> it is still a solid economy but it is moderating. >> it is a matter of when, not if. >> we are thinking the fed can orchestrate the soft landing but they have to cut. sonali: let's start with a look at the jobs numbers because you could call this the best of both worlds. the nonfarm payrolls report posting a 275 gain where you saw 200,000 expected. what does that mean in terms of the r

. ♪ shelley bassett: this is --sonali basak: this is bloomberg markets.orecast did disappoint some investors. this is despite strong fourth-quarter revenue the top analyst estimates. we are going to discuss this with stan. stan, why do you think that your forecast is lighter than what investors are expecting, is this kind of a reflection year of this booming rebound of the entertainment world? >> thanks for having me. when we look at outperformance that we deliver last year, really strong year for the company and certainly reported our results. for the full year, 23% growth on the top line, 25% of lending at 142 million. we told everybody we continue to be really excited about the space and perhaps more importantly really excited about the opportunity to extend the platform and the benefits we are seeing into the international markets and therefore incremental investment into the international markets to take advantage of that opportunity i point out is still yielding out significant double-digit growth on the top and bottom with the reflected investments

i'm sonali basak. markets are shrugging off inflation data that topped forecasts. the last major economic report before the fed's meeting. first looking at equities, the s&p 500 is shaking off the fears up about .7%. off of session highs, but higher on the day. the nasdaq 100 is up even more almost 1% on the day. the russell 2000 isn't getting the same. down .3%. it coin is still above 70,000. it is taking a dive of about 2.2% lower. some midday movers on the equity side, oracle shares are surging on earnings and strong demand for cloud computing. southwest airlines plunging on the announcement it plans to cut capacity. , halt most hiring, and review spending plans. down 14% on the day. we have seen some volatility throughout the day. we have seen it writing higher. we are now back above or nearly at 460 on the day. that is where we started last week as well. we have seen 11 basis point move with inflation riding hot. the 10 year also moving. to talk more about the yield action and the inflation data, mike mckee joints me now. mike: we have to decide whether this i

. ♪ sonali: i'm sonali basak, and this is "the next big risk." 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. invest

here is sonali basak. sonali: u.s.kers reached a handshake deal to fund the government through september 30. the agreement comes after the sides resolve the dispute over the funding of the department of homeland security. lawmakers will race to pass the agreement before midnight deadline that would lead to a partial government shutdown. bitcoin considers its slide from an all-time high after a record daily outflow from the world's biggest etf. that when he $5 billion trust -- the $25 billion trust posted the most outflow since the etf begin trading january 11. the etf's have attracted in at $12 billion which helped push bitcoin to a point of $74,000. the nvidia ceo has unveiled the company successor to its ai processor. he unveiled a -- a processor multiple times faster at handling the company's ai models. >> the industry is being transformed because the computer industry -- the computer is the single most important instrument of society. fundamental changes affects every industry. sonali: that is your bloomberg brief.

. ♪ sonali: i'm sonali basak, and this is "the next big risk."the job of a financial executive to calculate the

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 election in the u.s. just months

sonali: from new york city for our viewers worldwide, i am sonali basak and "bloomberg: real yield" starts

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

. >> i am sonali basak. >> i am tim stenovec.g script though. -- of crypto. >> the demand from etf's driving the inflows into crypto assets. tim: coin shares joins the etf party as it completes its acquisition, including its bitcoin file. we talked to the coin share ceo in a moment. sonali:

. ♪ ahhh >> live from new york, i am shalit -- diane sally bas -- i am sonali basak. >> and i'm kaileyverall cross asset market slide. the demand for etf's driving crypto into a frenzy. >> we will discuss this frenzy with len goodman. -- glenn goodman. >> we'll talk about the current political environment as it relates to crypto.

i'm sonali basak, happy pi day. we hope you get to enjoy that in your own way, today.ading day through the close. this is bloomberg. ♪ her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we got him under a new plan. but then they unexpectedly unraveled their "price lock" guarantee. which has made him, a bit... unruly. you called yourself the "un-carrier". you sing about "price lock" on those commercials. "the price lock, the price lock..." so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. >> from the world of politics to the world of business, this is balance of power.