market analyst victoria fernandez told us that illustrates the esteem in which investors hold the news. we see from the stock reactions of those two companies exactly what the market thinks about this move. and you have brian niccol, who has done tremendous work at chipotle. you have seen that stock grow. you have seen revenues grow. you've seen eps grow since he took over. and they're a company that, even from the pandemic forward, has continued to be able to raise prices and get a higher dollar value from consumers when they're pulling back in other places. we know from starbucks�* earnings over the last week, they did not have a good quarter at all, one of their worst quarters, so i'm not surprised that they're making a change. i am surprised it's this soon, and i think they're looking for brian niccol to do the same type of transformation, making starbucks special again, like they've made chipotle special from its competitors, in order to bring that company back to what it used to be. the battle of the smartphones is heating up. google�*s new pixel nine phone is widely expected to

let's speak now to victoria fernandez, chief market strategist at crossmark global investments + thank you for being with us. nobody saw these retail sales figures coming in to strong. why has that given such cheer to investors? the us economy is surely driven by the consumer, 73% of the economy is from the consumer spending. and so when there was this fear that the consumer was pulling back and we were seeing weakness in the labour market, and therefore wager stagnating, there was a huge fear that this was going to lead the economy if not into a recession, definitely a pull—back and weakness in the economy. retail sales are something people have been waiting on. the number today was very positive. the markets were reacting accordingly. the biggest driver in this retail sales number was motor vehicles, which is interesting because if you look at the cpi report, the inflation report you mentioned a while ago, it was actually used car prices that was the biggest drag, the biggest drop in pricing. maybe there is a correlation they are. prices coming down, more pick in automobiles. we will

the chief market strategist, victoria fernandez. thank you so much. a closer look at china as the country reports mixed economic data and alibaba disappoints. this is bloomberg. ♪ ♪ [suspenseful music] trains. [whoosh] ♪ trains that use the power of dell ai and intel. clearing the way, [rumble] [whoosh] so you arrive exactly where you belong. all-day energy starts with clean hydration. lmnt. more electrolytes. zero sugar. you feel the difference when you get it right. stay salty. scarlet: this is bloomberg markets, i am scarlet fu. we got fresh data on china's economy. number shows that the economic malaise extended into the third quarter. tom orlik joins us from washington. it was pretty much a data dump out of the country that spans the industrial economy to the consumer economy. what did we learn overall? tom o.: not an impressive set of numbers out of china, scarlet. we had industrial output missing expectations. we had investment missing expectations. we had retail sales slightly beating expectations but still coming in at a pretty dismal pace. w

market analyst victoria fernandez told us that illustrates the esteem in which investors hold the new niccol, who has done tremendous work at chipotle.

victoria fernandez is on deck with her market outlook and if the market is proving it is the more than nvidia. speaking of the a.i. giant, nvidia beating estimates, but it was not enough to live up to the hype for investors. throughout the hour our market experts weigh in you should be buying this dip, nvidia down almost 4% right now. financially constrained, that is huh dollar general's ceo -- how dollar general's ceo is describing their core customer. so why are economists not really seeing that, and what is with the latest government data? if we're going to get into it. and ask yourself this, what is scarier for you with, retirement or death? if it's retirement, you're not alone. we've got solutions to fix the fear. all that and more on "making money." ♪ ♪ cheryl: and markets are rising in a technology-led bounce following blowout earnings from the juggernaut of the quarter, of the year, that certainly is nvidia. right now as you can see the s&p is higher, dow, nasdaq as a well. let's focus on nvidia. the stock beat expectations with earnings per share versus the expectations of 64

crossing at 3.94% up 5 1/2 basis points yields plultdz last couple days for sure thanks so much victoria fernandezist china how kamala harris vice president pick is a big fan of our country's biggest adversary, heritage foundation visiting fellow is here with reaction, you are watching "mornings with maria" live on fox business. stay with us. . >> i don't know wanna ♪ ♪ . everybody, come with me ♪ . . it's odd how in an instant things can transform. slipping out of balance into freefall. (the stock market is now down 23%). this is happening people. where there are so few certainties... (laughing) look around you. you deserve to know. as we navigate a future unknown. i'm glad i found stability amidst it all. gold. standing the test of time. before you use ai to transform business, accelerate growth, predict trends, you need to begin with trust. introducing watsonx governance. helping you govern any ai, as data, models, and policies change, so you can scale it responsibly. let's create ai that begins with trust, with watsonx governance. ibm. let's create. when you automate sales tax with avalara, yo

for more on what she's seeing, i'm joined by victoria fernandez.at to have you. >> my pleasure. >> so no 50? >> i think there's too much bifurcation in this economy. we've seen it in the consumer for quite a while, now even the middle income consumer struggling. as we went through retail earnings, we saw how the high-end consumer is starting to move down the spectrum in what they're spending and where they're spending, walmart being a perfect example of gaining that share, because higher income consumers are looking for bargains, looking to see where they can get all those $5 deals we're hearing about everywhere. and look at the data coming in, john. lots of bifurcation there, as well. capital goods, take out transportation, that was negative. seeing contraction in business spending and some of the elements that feed into gdp. so i think we have to be a little cautious here, even though the idea of rate cuts coming at the next meeting is kind of buoying the stock market. >> so if we're getting all that contraction, why isn't that a signal that the

we will catch up with sam stovall, senator ron wyden, and victoria fernandez.the cash open, positive 5.20%. -- positive by .20%. ♪ >> i'm taylor kendall at the dnc, and this is bloomberg. ♪ hey folks, chris counahan here with leaffilter, america's largest gutter and gutter protection company. leaffilter has over 150 locations and has been installed on over a million homes. we've been protecting homes now for over 20 years. our patented technology offers total protection for your home and comes with a lifetime transferable warranty. the process is simple. give us a call to schedule your free gutter inspection. if you decide to move forward with the project, you put nothing down at all. 833 leaffilter or visit leaffilter.com today. >> it is never about what the fed should do, it is what the fed is going to do. >> this is "bloomberg surveillance" with jonathan ferro, lisa abramowicz, and annmarie hordern. jonathan: the third hour of bloomberg surveillance starts now. 90 minutes away from the opening. your equity market on the s&p 500 positive .2% and getting close