Global recession since world war ii. Senate democrats with a Sweeping Police Reform bill. Manus 6 00 a. M. In london, 9 00 a. M. In dubai. I have two pieces of paper, one is the dollar destruction story, is the bondte one vigilante trade it was not really a bear market, but what i like is he says the market selloff was a panic attack. I want to tell you i have had more panic attacks since 2009. I think they are inextricably linked. Nejra it is always great to kick off the show with an update on how many panic attacks you have. I love the daily comments, he has coined another acronym, mother of all meltups. To classify what happened in the selloff is a bear market is if we are talking about a bear market, you might expect more losses to come. If you see this as a panic attack, you could have faith in further games. Erase see the s p 500 yearly losses. We are seeing green on the screen in asia for several days in a row, but weakness in u. S. Futures. What a stunning move, 45 rally from t
Ukraine then saudi arabia, president for a lot of his zalinski says the talks are key, not yours for his country. But the entire world works with russia, absent on what are the real chances of ending the war . The im michael. Ok. Welcome. Former pakistani Prime Minister in ron con has been found guilty of corruption and sentenced to 3 years in jail. According to his mama bod rules, he did not declare money hed earn from selling straight gifts. He denies the charges and says he will appeal in the move southern to raise buckets. Tons political 10 preacher police to con into custody, such as hole in the hard security was tied to the pon, supporters at b as officers took him to his mom about it was a moment and was prepared for jump that get them up like board to go with my arrest was expected to go to mckayla mill and i recorded this message of the for my arrest set of e t. I have only one appeal at west. Dont sit at home, silently up. No girl. We took pity back for roman. Its a judge up
Markets in europe open to the upside tracking wall street in asia higher. Ericsson shares are falling and declines to give guidance for 2024. The ceo remains optimistic. Depleting inconvventories thh the inventory cycle and cautious on the road out. That will come back to more normal levels. It can take a couple of quarters. It can take a bit more. Bitcoin pops more than 10 nearing the 30,000 mark before paring back before p tthe appro etf. And we have Goldman Sachs and bank of america earnings on deck. We will talk to Ceo Brian Moynihan at 16 00 cet today. U. S. President joe biden will visit israel tomorrow. The oneday trip will see biden p meet with israeli Prime Minister Benjamin Netanyahu in tel aviv following a stop in jordan where he will meet with the King Abdullah. This comes as a critical juncture in the war. Antony blinken announced the latest in the war. The United States has developed a plan to enable humanitarian aid from organizations to reach siccivils in gaza and creat
You have the acquirer going up 3 in the situation like this. Lets take a look at the operating margin at amazon. That is something to get a lot of attention. If you look at amazons operating margin versus some of these brickandmortar grocers, its much lower. Target, for 7 from example. The question is as well, for whole foods, which is a relatively highpriced grocer, is operating margin around 5. 5 . What then does that brings to amazon and how does it affect its financials . Consumer stocks are trading lower by a lot and you can see that if you look at some of the stocks we just looked at and the companies we just looked at, kroger, target, costco, walmart all trading off sharply and krogers in particular dropped 18 yesterday, if you recall its because the company came out with a disappointing forecast. Not only has it been hit to some degree by food deflation also, there are concerns about an increasingly tough price war with some of the other groceries, especially when you have the
Lacqua with tom keene in new york. Tom it is a quieter economic day after the festivities with janet yellen yesterday. Give us some perspective on that better than good number. it is better than expected but only a touch. First quarter gdp growth has been revised up, but i think what we worry about in europe is that we are becoming a little bit like japan, that we need to get used to this Slower Growth rate. We will get paul donovans thoughts on that, but lets get to the bloomberg first word news. Istanbul, a car bomb targeting a police video has killed 11 people. Seven Police Officers are among the dead and no one has claimed responsibility. Two new opinion polls show the u. K. Referendum on leaving the European Union is too close to call. The poll for the Daily Telegraph says 48 of those definitely planning to vote are in favor of staying in the eu, with 47 wanting to leave. Another poll conducted by the times has the remain forces tiered, 43 to 42 Hillary Clinton now has enough dele