Probably on the continued move in Interest Rates. Its a stunning selloff there today. Materials, energy, staples also decidedly weaker. Also tech and Communication Services have been about the only bright spot, there they, still hanging in the green and its kept the market picture from looking worse, as well. Nvidia, apple and amazon getting a lift today. It takes us to the talk of the tape and whether the Fourth Quarter will deliver investors as history would suggest as it does, or is this hills too steep to decline. Nice to see you. When you sat down, utilities, its pretty stunning to see a sector move to that degree. It is incredibly stunning and theres the yield impact. If you look at a dividend yield of 100 basis points less than the tenyear treasury and why take on the rick of compliance and revelation when you can buy it, if what were seeing within the Technology Side of things and theyre a bit more defensive and is that why were seeing so much strength in megacaps as they see t
Conversation later this hour. Katie welcome to bloomberg markets. Looking at stock markets on this morning, you can see is pretty quiet. The s p 500 is unchanged, big tech is trying to stay green and the nasdaq is currently up about 0. 3 . We did have ppi coming in hot but a downside surprise relative to expectations. Thats giving a little bit of relief to the bond market. The 10 year yield is higher but only to the tune of about two basis points. Thats relatively quiet relative to what weve seen earlier this week. All eyes are on ai and and amazons annual letter. They say the Cloud Infrastructure will become an essential part of the ai move. They are optimistic that much of the world changing ai will be built on top of aws. We have more details. It makes sense that they would want that to happen. One of the things Everybody Needs to remember, amazon has a commanding lead in Cloud Infrastructure. The thing they dont have now is a very close relationship with openai. Chatgpt is the buzz
Basis points. Showseyear high really more than 100 of local bonds companiesith chinese rolling over financing, so watch out for it was good what effect could we see . A look at possibly some of the dangers looming ahead for china. Looking at the balance between ability and how much theyre willing to tolerate it is a tricky one. In the meantime, we have lowvolume from the u. S. Its giving and labor day. The interest exams starting, we are also 30 minutes off from this dark of china and hong kong are it in terms of drivers, starting to paint the picture of global trade. We have seen stocks gain so overall it is a mixed session. We have korean socks opening here. A 5 gain in the quarter. The shares taking a bit of the test shares taking a bit of a breather. The currency is going to be focused after the dollar. The greenback is looking a little bit firmer to the kiwi. That is extending gains with super optimism during it is the best asian currency this month. The taiwanese dollar holding b
Not the way most people talk about it instead, youve got a market of stocks thats an important distinction, particularly in carmerica. Stocks are like snowflakes, no two are the same sure Everybody Loves index funds as a lowcost way to get ebbs posure to the whole asset class. Im one of them. I please guilty. Including today where the dow and s p both notched new alltime highs former fall of 119 points. S p gained 1. 5 . Nasdaq dipped 0. 19 as the rotation continues but i think the totality is a lot less illuminating than looking at individual companies and what actually drives them. For example, just last week, we did a twopart interview from the New York Stock Exchange with boeings Ceo Dennis Muilenberg where he told us that his company is having an extraordinary year maybe told us in seven or eight different ways its spewing cash and he made it pretty clear that this is the healthiest boeings ever been. So he wants to reward you, the shareholder. Sure enough today, boeing boosted it
November 1. We rose to the august 2015 high yesterday. The dax index lifted to its best start of the year since 2003. Strategists still predict the by, which is down today. 38 , will climb by another. 43 this year. This is another function, i am just showing off. Telecom italia considering cutting about 10,000 jobs in italy, 14 of the total workforce to make the former monopoly more profitable and efficient. Telecom italia needs to increase investment to speed up its network as revenue shrinks, because of the competition. Call 30 lossays does company lost jobs company lost jobs and percentage changes from stories announcing cuts. The bottom line shows how the stocks reacted to the announcement of the job cuts. Oss go is the function lets talk about credit default swaps. 5810, the cost to buy protection for Investment Grade bonds in north america, europe, and asia, falling to a decade low amid better optimism of better taxes and broadening economic recovery. The prospect of rating upgra