Katie im Katie Greifeld in new york. Welcome to bloomberg markets. Markets this morning are pretty green but it is pretty quiet. S p 500 currently higher by. 1 payment same thing if you look at the nasdaq 100, also. 2 higher. A little bit more action if you look at the bond market. That really continuing with 10year yields lower by two or three basis points. Back below 4. 50. Greenblatt quiet. Looking for some action, lets go to bailey lipschultz. It feels like we woke up in 2021 feeling like what is going on with gamestop right now. Bailey we are so back, as is marine kitty, call it a meme of a player. That triggered a rally in gamestop shares, up more than 90 , now 104 , halting four times in the first few minutes for voluntarily. It appears those animal spirits are around. Still cautious on the company, cautious on the outlook. They had earnings next month but it feels like in this moment in time, very much shades of 2021. Even seeing shares like amc, all rounding double digits this
Visionaries driving change in Silicon Valley and beyond. Caroline we will be speaking with the seals of arm and more as part of our special. Ed we will push ahead to our keynote speakers later today that include evan spiegel and more. Artificial intelligence is probably the overriding theme of the event. It is ai everything, even in some cases if you are not an ai company. Caroline if you are not the ai company, you will think about how you can adapt to it and bring out the productivity. How do we live up to the hype . The valuations are extraordinary. They have been heavy in the public markets. We have seen real use cases. Ed these events are always very interesting and very engaging. Everyone is very positive. In the background there is a talent wall and people are running out of cash. We have to ask difficult questions. Caroline and geopolitics. How are you navigating the issue of china as well. So much talk about. Here in the now we are talking about one key infrastructure plane wh
Exactly exclusive fashion brands in the world. Previously a Human Resource veteran, she spent three decades at unilever before switching to beauty. Her story is legendary. For her, it is a chance to make history. On this episode of leaders with lacqua, i speak with her about her professional and personal journey. Thank you so much for joining us here on bloomberg. Delighted to be here. What is it like to be a chanel chief executive . It is the best job in the world. The sector is doing well. It is a great place to be in. What difference does he want to do you want to make . I want to lead chanel into the future along with my team and into the future by protecting what is core to us and what is unique about us and by evolving as a scaled iconic business brand. It is important to understand the context we operate in. The external, contest is dynamic, geopolitical, inflation , media, channels, ecosystem, moving hearts and minds of people in todays day and age. Ai. There is not a week goes
What is the distance between an inflationary narrative and something similar to goldilocks . That will be the key question. What is the difference in terms of how big the change has to be in the number for people to either be talking about gloom and doom or everything is perfect . Annmarie he said stagflation risk off. If it is north or at 225, goldilocks back on. Jonathan he does not detain stagflation. Looking at apple. Up i almost 6 . Sales declined less than fearful. Lets talk about the financial. The biggest stock buyback ever. 110 billion. The top five biggest buybacks in the history, it is apple, apple, apple, apple, apple. Lisa is this a growth stock or value stock . Is this a stock that has so much money and a company that has so much money the best thing you can do that is give it back . That will be a key question of how you value some of these names that have become more established in their upstart beginning. Annmarie it is a massive buyback but it is only 4 of total Marke
York police have made arrests at columbia university, where propalestinian demonstrators had barricaded themselves in the building. Columbia says it asked police to clear all and cannons and maintain a campus presence through at least may 17. Mayor eric adams says students and other protesters should continue advocacy through other means. He says the party is balancing a right to protest while keeping other students, the school and city safe. Lets look at markets, starting with commodities as we see oil prices extending their declines from earlier in the week. Brent futures around the 85. 60 handle, brent crude at around 81 per barrel. We are seeing healthy geopolitical risk premium continues to fade. In the currencies, the story is one of Dollar Strength as investors ramp up thats ramp up bets toward hawkish. Japans stockmarkets are returning from the lunch break, it was risk off in the u. S. And there is a trickle through into the asian session, we have many markets shut today. The n