sonali: i'm sonali basak and this is bloomberg real yield's.time for the auction block where we saw a slowdown in u.s. credit issuance this week but not in europe. its primary markets saw total issuance in august past 100 billion euros, more than any previous august since at least 2014. one of the busiest weeks of 2024. in the u.s., treasuries we saw options for the 2, 5, and seven year, all saw that it was stocks and yields in more than year with the two-year having the lowest since 2022. a slow week for investment great sales but the days after labor day are usually one of the busiest of any year. a bloomberg survey seized companies selling about $125 billion in september. when it comes to high-grade credit: martin from schwab is employed. that is not worried. >> looking at investment-grade corporate bonds from a credit risk standpoint we aren't that concern. we are concerned growth can slow but we aren't concerned a recession is on the horizon. we are seeing signs here and there but not in the next quarter or two. sonali: joining us is credi

i'm sonali basak. the s&p 500 is slightly higher after the latest economic data shows the u.s. economy holding up while leaving room for the fed to cut rates. the s&p is higher but down on the week. interestingly, now we are losing a little bit of the bed. we are having most sectors in the s&p lower on the day. not too surprising. nasdaq 100 now .2% higher on the day. the two year yield hanging out around 391 on the day. a little movement there and on the 10 year now below 390 at 389 on the day. markets still largely on hold for economic data next week. mid-day movers on the equity side. we are hearing a lot about the consumer, starting with retail. lululemon and alter the beauty lowering sales outlooks. lululemon up about .2% to seeing increased competition and inflation hurt demand for yoga pants and the beauty affected more by u.s. consumers cutting back on makeup and cosmetics. higher pressures dampening demand. all still down 2.8%. that's a stock berkshire has recently gotten into. intel higher af

sonali: i am sonali basak and this is bloomberg grill yield and that was austan goolsbee speaking withoments ago. with us is k her -- kay herr and steve brown. when you look at jp morgan they are in line with citigroup. a call for a 50 basis group cut with one in september and in november and another maybe before september. kay: i need to clarify i am from jp morgan asset management and you are referring to michael rowley. that is not where we are. i was struck by austan goolsbee's comment because i never thought about the similarities of federal reserve manager and portfolio manager. the sell side and markets will react to what -- to every single data point. if you think about what chairman powell said or what austan goolsbee just said they are looking at the through line at the overall data and we are doing the same thing. we are trying to manage portfolios and generate alpha and outperform here is. we are trying to focus on what is today's action and how do we respond. sonali: how do you see the conundrum, when you think about the moves in the market not just today but frankly this

sonali: this is bloomberg markets and i am sonali basak.clients that nvidia is in a bubble land and it is skeptical of the ai high. take a look at trading volume, the blue line showing average volume. the white line is today. the bloomberg estimates 500 million shares traded by 4:00 p.m. we reported on all of this and i want to touch back on the note that elliott was saying. being kind of one to lean on the fear factor is not strange for paul singer and elliott. how did you read this? >> the report said that elliott came out here really being not unsurprisingly bearish on nvidia saying that he is skeptical that companies will still be relying on the processing units. he said the applications are not ready, ai is overhyped and it will not be cost-effective. it is not going to work right and will take up too much energy or bn trust rose. bold length -- or be untrustworthy. bold language and that is why the stock made up only a tiny portion of their portfolio. sonali: they were in it but is interesting to see that if they will get any to -- in

sonali basak, our expert on all things private markets. appreciate it.to give a quick check on public markets. you look at the public markets and we have a recovery underway. you have the s&p 500 up at session highs at the moment gaining 2%. the nasdaq comp advancing to its best levels of the day gaining 2.2%. when you look at which groups are leading the advance, it is all 11 groups. they are up by at least 1%. technology which has felt the most pressure the last three days is leading the way up 2.8%. reit's which have been beneficiaries of the idea the rates start coming down are the second best performers laggards on the day, energy, health care and materials. this is bloomberg. ♪ with so much entertainment out there wouldn't it be great... ...if you could find what you want, all in one place? show me paris. xfinity internet customers can enjoy the ultimate entertainment experience and save on some of the biggest names in streaming, all for just $15 a month. get the fastest connection to paris with xfinity. >> from the world of politics to the world o

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i am sonali basak, this does it for bloomberg markets.teak with us -- stick with us to the end of the day. this is bloomberg. ♪ and i had 20 grand of gold, a paper ain't going to make me any money. so i just bought it because it's my insurance policy. if you'd like to learn more about why physical gold should be an important part of your portfolio, pick up the phone and call to receive the complete guide to buying gold, which will provide you with important, never seen before facts you should know about making gold purchases u.s. money reserve is one of the most dependable gold distributors in america. >> from the world of politic the world of business, this is "balance of power." live from washington, d.c. joe: the sprint to november starts now. come to the fasted -- fastest showing politics the day after the democratic national convention wrapped in chicago, with battle lines drawn by both parties. we are going to be with congressman robin kelly of illinois and our political panel. the former rnc communications director, joined by democ

." ♪ >> live from bloomberg's world headquarters in new york, i'm sonali basak.rg crypto. >> coming up, bitcoin is holding above the $60,000 level after the fed signals the beginning of rate cuts. ether is lacking despite the new etf's. tim: a token from a blockchain project

delighted to bring in sonali basak.discussed all manner of things, the basics being a move into the bond markets, the safety of them, bitcoin not behaving like a haven asset, and equity investors are either very worried or completely sanguine. reflect on some of the conversations you have had. sonali: a few things. to your point you made, looking at the third day of declines in the s&p 500, and in the nasdaq 100, it is the third day of declines of more than 2%. friday, you saw the nasdaq 100 flirt with the correction territory. over the weekend into today, you saw the asian trade just really, really sell through the ground here. you saw historic moves in japanese equities, for example. and what you saw was an unwinding of a global carry trade. this is what investors are borrowing under cheap currency and really plowing those assets now into higher-yielding and u.s. assets, particularly stocks in this instance, which is why you are seeing the unwinding now. the question is how far does the unwind really go? on top of tha

sonali: i'm sonali basak. katie: i am katie greifeld. st starts right now. ♪ sonali: we are in waiting mode. investors looking ahead to jackson hole later this week for clues on the policy path ahead. matt: a record offer for the owner of 7-eleven and what

. >> and i'm sonali basak. "bloomberg open interest" starts right now. biggest deals of the year. mars scoops up snack maker for $36 billion.

sonali: i am sonali basak. bloomberg "open interest" starts right now. matt: coming up, u.s. morgan analyses a 35% chance the economy enters a recession this year. the firm says three quarters of the global carry trade has now been unwound. plenty of news on

sonali: and i'm sonali basak. matt miller is off today, and bloomberg "open interest" starts now.

. >> i'm sonali basak. >> and i am katie greifeld. "bloomberg open interest" starts right now. ongest winning streak this year on bets that the fed will signal it is ready to cut rates but the rally may stop. matt: fresh insight on the consumer as more earnings role in. lowes

sonali: i am sonali basak. katie greifeld is off today as we start "bloomberg open interest."await key data which will shed light on the health of the u.s. economy and inflation and help us design and outlook. meanwhile, inflation still bases up

sonali: i am sonali basak. matt miller is off today.underway. the world's most valuable chipmaker reports after the bell this afternoon. investors betting another blowout quarter. tonight, nvidia's ceo joins ed ludlow for a special edition of bloomberg technology. don't miss that extrusive sit-down at 6:30 p.m. eastern. also keeping an eye on retail.

. >> and i'm sonali basak. open interest starts right now.ed to apple and amazon, who report after the bell today. details on how bill ackman ipo dream imploded.