su keenan is here with a look of what to expect. let's start with gdp. y: something -- su: that is something the market is looking at the end of the week. 2.6%.g to ask there was a pickup in consumer spending. we are getting a report under what we can expect to be ticking up. this is after the fed begins its two-day meeting midweek, wednesday. that is the end of the two-day meeting when the fed will be announcing the latest rate decision. what is interesting is the bond market is singling -- signaling trips, which are treasuries after inflation, the bond market saying they do not see any sign of inflation, so they don't think there is a question for janet yellen. how will she continue the positive rate hikes when there does not appear to be any evidence inflation is approaching the fed's goal of 2% let alone something else? that is an interesting road for janet yellen, so it will be interesting to see her remarks on wednesday. the market looks to the fed's comments for what is ahead. and a lot of the economic data will be overshadowed by the heating up of

su keenan joining us live from new york.ional rival india anything it a run for its money. we will discuss that with capital economics asia the next. this is bloomberg. ♪ yvonne: this is "daybreak asia." trouble,india are in distressed assets among the economies,a major and signs things are only getting worse. this is btv 5692. about china's nonperforming loans. this is india's bad loan ratio. it is quadrupled the size of china. one big issue is what can we expect coming from the government. capitalscuss that with economics asia live from singapore. great to talk to you. this is in the midst of what we have learned about the government giving the r.b.i. more power to tackle this bad debt issue and this new bankruptcy law that passed last year. is there a sense now the measures are different than in the past, measures that have largely failed? >> possibly. there has been signs that the rbi and government are realizing the scale of the problem they have. the banks ignores the scale of that bad debt problem. is already 8% of lo

su keenan with a look at the week ahead. >> bill gross is saying don't call it a rout.e had the job creation coming in much stronger in terms of the headline number. the fed likely to remain on a hawkish note. let's look at the bloomberg. going into the friday jobs number we saw stocks and bonds selloff thursday. losses and that with the s&p 500 etf trust. the last time we saw this simultaneous selloff was all the asset classes. this time they trigger more widespread than central banks. are going to hear from bill gross in the next hour. he says in his view it is not a rout. we go to the bloomberg one more time. btv 1771. can see what you have with that blue line sneaking up, the number of people who have not been in the labor force, they have been jumping back in. that is underscoring a lot of strength in the economy and a view that the fed will keep on track for tightening this year. that is overshadowing every other element of the report. >> yellen sent a new report to routinely watching this. what are we expecting? >> the today has money to begin on wednesday. i bel

joining us now is su keenan with more. fall, bothhe dollar oil and gold higher.green on the screen, the go-slow fed stealing thunder from the trump emails. those were the headlines yesterday. let's talk about big movers, this softwares, had gains over the average software. they may outperform their peers. morgan stanley had strong comments as they entered the earnings season. you have vornado doing very well. --'s go into that bloomberg the bloomberg and take a look. even though we have stocks near the s&p, we are not back to the 90's. -- the 1990's. the median average, we are not 2009.ove but we are slightly above the median average. yvonne: oil remaining in the spotlight, but huge drop we saw in u.s. supplies, which would normally be bullish, but did not start much of a reaction. su: they did not. api show their it be a decline, the biggest drop in almost a year. we did not move that much higher. at one point we were up 3%, but the gain was cut back to a 1% gain. we are looking at the fact that the u.s. output was up. a bearish undertone to the report. you cann

joining us now is su keenan with more. give us the rundown. : the real strong performers were the metals and commodities. copper up. close.ou see the it did not really reflect the activity of the day. if we go into some of the big movers, tesla was under big pressure. the car that had a crash and ended up upside down was on autopilot. the driver emailed of the company, and the founder, elon musk, said the guy was not on autopilot. have him telling people he thought the stock was overvalued and he backtracked a bit from that comment. that added to the pressure. sales growth will be hurt on the computer crash. that put a stock under pressure. .e mentioned freeport-mcmoran let us going to the bloomberg. risk is on. what you are seeing here, that white line, is the global risk aversion macro index. you notice it peaked in 2008 and 2009. look at the far right side of 2017. it is dropping as we head for those new highs. we had a poll out. many people, most are disappointed with the president donald trump. take a listen to this f

su keenan here with key market moves to watch.ou mentioned the trump disappointment or defeat in the health care, a big hang over the market. we talked about how it was a record close. notice the nasdaq and you might not notice what is underneath stocks,the fang facebook, netflix, amazon. netflix really tore it up this time yesterday in after the bell. it was up in a very big way in the regular session. harley davidson reported earnings, big disappointment, letting the market know that the new generation is not buying motorcycles. that has taken a hit on the stock. goldman and bank of america in the spotlight as they disappointed with some of the performance in their core units. we will get more and that in a moment. it follows up from the performance we saw from chase, citigroup, wells fargo. mixed messages in these banking reports. oil slightly lower, ahead of the inventory data wednesday morning. gold moving higher, unchanged in extended trading, but at a two-week high in the dollar weakness. chart, we go into the bloomberg to

for a recap, let us get su keenan here on wall street today.have seen record broken after record broken. a mixed close. still blocking and again. giving back a lot of the earlier gains. it was a volatile session. 10% the normal. we are getting into the slow days of august. amazon showing weakness. we have talked about how these disappointed or disappointing investors if they do not crush it with the numbers. we have apple and tesla to come. discovery down a rather large amount. $11.9 billion deal. they navigate the tv terrain a lot better. charter up on a big vote of confidence. not only the consolidation of the sector, but there is more the combo would get some approval from fcc. it is interesting, if you go into the bloomberg, g #btv 8478. you look at apple again, and this is the big, looming report. it is really -- has really taken over the s&p 500. you can see on the top, the blue line shows the price versus the s&p. is very high. on the bottom, the opera waiting in the index, which is also very high, which tells us, as you know, if there i

on su keenan here with more on wall street week ahead. ked week especially for the bulls, apple and tesla. we have momentum stocks. let's take a look at the close, because we did not have stocks flying. it was next. -- mixed. let's go into the bloomberg because at least one major fund #btver brought up this, g -- when you look at the market cap and ratio against gdp ratio, you look at that. suggestingould be some kind of selloff ahead, caution flag. a lot of earnings if we look at particular names. a lot of them are bellwethers for the economy, berkshire, siemens, ing, pfizer. haidi: of course. you are talking about apple, that is the big one we are focusing on as well as berkshire. what is the expectations? numbers,dition to the the numbers as always on the launch of the iphone 8, and there are not many rivals. let's go into the video if we can. netflix and facebook have been surging. we look at the bank stocks on the numbers they delivered, you have to crash them because google have been floundering -- google and amazon have been flounde

betty: su keenan was a look at how the markets are trading. might the the calm before the storm this week. what is really call my now is m right now is the ipo market. in the shadow of the coue ,erformance of a few listings they raised $300 million. remember, that was cut by one third in what should usually be one of the busiest weeks for ideas. other companies went public. they were all smaller, not the unicorns. they all caps on blue apron, performing 70%. take a look at my bloomberg. g #btv chart 2254. you can see snap the being below -- dipping below $17. that was its ipo price. concerns over the long-term outlooks for these unicorns. smaller companies are doing well. it is these $1 billion plus companies that investors are worried about, right? can they sustain that high valuation? can they justify this, particularly at point where they are not making money? blue apron is a $1 billion company, but it is just not making any money, and that has got investors concerned, leading to a pretty poor performance here, post-ipo. for snap, if you ta

. >> su keenan with that wrapup on wall street and earnings later this week as well.ke a look at those when hoter this >> we will look at trade numbers just ahead. this is bloomberg. ♪ >> not looking good for this monday. there is a chance of rain it iss we are look at and very humid in very hot in new york and the markets were higher on friday and we saw the energy shares and financials not doing well. president xi jinping has part of the efforts to safeguard the chinese financial system and he said that a new stability committee will be made and could not define the relationship with the central bank. the ecb is on track and it is likely to drag the process out. the unwinding is starting in january and it is up from the months previous forecast of. state media is says he is eligible for bail and served as somesidential aide and opponents have condemned the deals, saying that they were to lean -- too lenient. the reports on minimum wage will be raised. minister said that they would address the unemployment and the growth. he pledged to raise the minimum wage by 2020.

su keenan has more. >> techhead a rebound. yellen rally, day to coup. -- day two.t was the fifth day of gains for the nasdaq. this one served the most in eight months. target giving hope that they could have a come back. there is a lot of pressure on these retailers. most.el up the that has a lot to do with trump saying he will stop the dumping of steel. what was the take away of the yellen talk? , andwindow of opportunity bankers ask on their -- act on their words. it means carry on. the cost of carry is interesting to note. this is the index, that white line. it has been coming back as we head to 2017. the emerging-market carry trade index has been popular in this environment. now is the time, is what strategists are saying. betty: what are they saying about the last two days of trade and the story in relation to the testimony? su: one thing that got attention, is yellen's talk on a sitting on cash. we go into the bloomberg one chartime, and this is a about capex. we have seen bullish outlets for corporate spending. they have been reined in. the 12 month capex sh

here for look at the key movers is su keenan, joining us from new york. , the trump story was effect.f you look at the details joe gave us it hit the market hard at the start. look at the close, hard to tell there were major gyrations in the market. let's go into the bloomberg, take a look at the graph intraday chart and see if you can tell where news of a broadening investigation into president trump and his cohorts -- if you have a, take a look. it was 10:00 when the news broke and you saw a sharp drop. i take it we do not have the chart, so i will move on. wait for it, as we say here. we have a qualcomm down 5%. the earnings disappointments are hitting tech companies. home depot down in a big way. an amazon scare, amazon teaming up with sears to sell can more -- kenmore appliances. companies down, wall street thought it was overdone. a strong earnings report. we have that intraday chart, i will take a peek. because it was a big drop off the top of the market. what we're looking at here is, what overvaluation? they look relatively cheap compared to u.s. treasuries. david: su, anothe

joining us on set is su keenan with a more. each sector in the s&p rose today.ting a record, nasdaq, as well. ng stocks back in a big way. earnings were a dominating fact or. and talk of a merger in the media sector. let's look at the close. we are not seeing large moves in numbers. let's go to the standout stocks. that is where you see sizable moves, notably in the scripps that is the company talked about for mergers. there is also a big move in the entire sector for that. morgan stanley is notable. in all the financial stocks there has been a downward move as a result because whatever good news they reported in market earnings, the focus has been on the weakness in the core unit. reported wastanley that they blow up the trading revenue and beat goldman sachs. that was the headline that carried the day forward for them. negative quarter weighing on that stock. if you have a chart you can bring up for me -- the question as we hit these record numbers in the nasdaq is, are we back above the levels of the dotcom boom? the answer is, yes. around see the peak 1999,

we're bringing in su keenan from new york with more. >> some of these big earnings like apple and teslaill set up the tech momentum story. do the bulls have more room to run? again, it was a mixed close. gdp came in and had something to do with snapping that advance. at one btv 7754, we look major fund manager is saying. it is the u.s. market cap versus gdp ratio. on the far right-hand side, a high. how would marx brought up this could be a signal for a pullback -- howard's marks brought up this could -- how would marks brought up this could be a signal for a pullback. fe,ave berkshire, santa siemens, ing, toyota, pfizer, and apple, a very robust week ahead. more about apple, apple, berkshire hathaway, apple on august first, so what is the expectation? >> when the most viable company reports it is of the wherefore the economy and tech. fangve seen with the stocks that if they don't crush it as netflix and facebook did come a can flounder as amazon has, so will they hit the numbers? hear what they have to say about the iphone 8 and expanding into australia to do green projects, solar, wi

su keenan to tell us about the standoff. you have been talking about this all throughout the show. sday was looking to be the peak of the seasons. wednesday -- let's go to the board. three very big earnings report, boeing blew it out. at&t come surprising with wireless subscriber increase. advanced micro devices, they beat the estimates, almost up 5%. they are really executing well. let's go into the boeing chart. you can really see the jump, up to 9% on the day. cash is still king. they have $4.5 billion in terms fueled flows that buybacks and dividends. boeing up some a 50%, year to date. let's go into the bloomberg at g #btv 7370. have see which companies led the earnings season. we have a chart called "we are the world." we typically go to tech and material stocks. but if you use the age of factor investing, a factor that stands out are companies with high international sales. the white line is international companies. look at how much higher they're performing than those that just have domestic sales in terms of the earnings report that have been hitting the table. they are run

su keenan has a look at the week ahead. >> we are seeing an interesting pattern.he stronger than number on friday had a lot to do with the question for the monday trading session. 1445, stocks and tandem, then in white and blue boxes lower, who is bonds. stocks up, bonds lower on friday, but the last time you saw both selloff was 2013. comeiday, more widespread asia to europe joining the u.s. in being more hawkish. let's listen to bill gross, the widely followed bond king, who says it is not a route. this rather strong jobs report from the standpoint of jobs, not necessarily from wages, which is what yellen considers, the fed has one hike left in the year, and that's probably december. the end of the year is the expectation. -- btv1771, let's take 1771, let's look at how the jobs numbers hit the tape. line, thehe top blue number of people not in the for us coming back into employment, and that is a significant data point that has people focused on headline job creation and that it speak strongly to the economy and shows the fed is on track for tightening as bill g

as it takes up steam, we will get a recap with su keenan.alk to us about all the green we are seeing. >> we talk about surprises with the chart at the top of the show and surprises on the wind side and the loss side. up byw definitely pumped the fact we had a lot of big winners. let's go into some of the big movers to take a look at those. a big deal in terms korse michael coors -- takeover. seagate, a big story for the nasdaq 200. the ceo is going to be moved out, bumped up to chairman. storage has shipped away. it is weighing on their outlook. mcdonald's boosted customer traffic, turn the store around big-time. a big pop to the stock, which was already up 20% going into this session. let's look at the bloomberg g #btv 7081. the nasdaq filled with tech stocks broke its winning streak. seagate had plunged. google disappointed, that was down. and facebook, which we will be reporting wednesday, was down ahead of those earnings. that broke a 12 day winning streak. such a longd winning streak since 2013. yvonne: we are really in the thick of ear

su keenan with more. we did have strong earnings reports. the s&p initially was up. end, it was lower. we did see the dow extend gains, but the nasdaq 100 sell the most. let's look at the earnings. rising to a record. verizon up the most in eight years. shares that missed got vanished. twitter -- actually, their earnings were ok, but the subscriber growth had investors concerned. ,f we go into the bloomberg volatility is part of the story here, and this is a chart for volatility across all assets. you have the jpmorgan global volatility index in-flight and this blue, which really peaked in may and early july is the fix. it is starting to peak at -- is the vix. it is starting to peak as we get to the end of july. that is something we are noting because the calm is starting to get rattled. that: indeed, and part of calm being rattled is a flood of earnings. , baidu all hads earnings and volatility. let's start with intel. ok, we will come back to oil in a minute and go to intel because it was up 3% right out of the blocks. that was a surprising trend. they boosted thei

here for a rundown of the trading day is su keenan. markets were mixed but the nasdaq popped. su: yeah. this is a big week for tech earnings of course google a bit of a disappointment after hours but facebook one of the big movers as we go into the big moves, facebook is set to report earnings on the 26th and has been hitting records almost every day. today was no exception, up about a percent. at a never before seen price. the stocks, facebook, netflix, come on strong. in terms of other earnings, hasbro a big disappointment. a lot of the toys not selling the way of old school toys if you will not getting traction with some of the younger kids so the toy industry down. although a gamemaker which makes slot machines, scientific games, just blowing it out. biggest shareholder was ron perelman, billionaire. stocks have been doing well and the gamemaker really blew it out in terms of earnings. let's look at the market snapshot. we have gold. oil was higher. treasuries under pressure. gold, a nonevent day. the 10-year also reflecting treasury is a bit under pressure. let's go into t