Killer or catalyst for Language Learning Companies . The ceo says hes welcoming it with open arms and joinstous make his case. Lets start with dom chu with the numbers. So if you talk about lets just bring in the headlines. 40,000 for the first time ever, rarified air. Im going to take you through the charts in a couple seconds here, but im going to put the stars up off the bat. We did hit rarified air, record highs for all three indexes, the dow, s p, and nasdaq. The dow above 40,000 at one point, just slightly below that. The s p 500 is at 5316, about eight points up. So a very modest move. Its been very tight and narrow, but it has been marginal but to the upside. The nasdaq composite, up about 0. 1 of 1 , 16,764. Lets focus on the dow, because we dont often focus on that price weighted index. Since it closed above 30,000 in november of 2020, check out american express, caterpillar and microsoft. Each stock has pretty much doubled in the course of that span. They are your leading pe
Environment. Where we are is the new eaglewood librium just a new equilibrium. The higher for longer will stay there. We understand we establish price stability as key. They are not giving up the 2 inflation target. The economy is doing fine and i think the economy is on its way to 2 by the end of the year. This is bloomberg surveillance. Jonathan the third hour of bloomberg surveillance begins right now, live from new york city, there are many ways to get a read on the u. S. Economy. You could ask the ceo of the biggest bank in america, jamie dimon, Francine Lacqua will do that in 10 minutes time. You can look for the data at 8 30 a. M. Eastern time in the jobless claims come of the estimate is 220 or look to a large retailer like walmart in the premarket posited by more than 5 after a beat on the top and bottom line. Lisa there is a cohesive thread coming together and its not clean and neat and dramatic. It is a slow softening. Its clear with walmarts extreme beat on the heels of hig
Report. Now, were going to go through all the numbers in a moment, but that headline number, inflation 3. 4 , thats going to be factored into the federal reserves Interest Rate strategy, all right . If heres the markets reaction. Investors like this. The dow industrials up maybe 150, nasdaq up maybe 80, 90 points. Ful the 10year treasury yield, its coming down. Its off 7 basis points, all the way back to 4. 36. Stock Market Investors really like that. The 2year treasury yield also on the downside is, 7 basis points, 4. 74 right there. Bitcoins going up, 63,7000 at latest count. Gold is going up, 2376. Its up 16. Oil, not Much Movement. Youre at 77 a barrel, and gas, again, not Much Movement there, its at an arrange price of 3. 60 for regular if diesel, no change, 3. 93. All right, lets get to politics. Biden does it again can. He says inflation was at 9 when he took office. It was not, it was 1. 4 . Why does the president repeat the error . He seems to be denying reality. Hes imposed h
Positive. Their analyst is here to explain why. And a new report shows workers could see the largest salary gains in more than 20 years. What that means for consumers a and the fed. Well discuss. First, a look at the markets where we fluctuated between earlier declines and stronger gains, which were wading as we speak. The dow up 51 points right now. The s p, positive by just about a tenth of a percent. The nasdaq in danger of turning negative, and the russells, up 1. 5 . The nasdaq treating those bond wielding as a bit of a headwind today. Treasury space, lots of action there, as well today. The twoyear yield is up 10 basis points from yesterday, while the tenyear is a couple points below its recent highs of 4. 88. The climb in yields is why my next guest says the fed will be sitting on their hands in the next couple of weeks. Welcome to both of you. Peter, is it you who thinks they will stand pat . Some are arguing the latest spate of data should push them towards doing one more hike
Might be slowing. So well discuss that. And ai getting aggressive. Google is announcing a new assistant and a search overhaul. Two key departures from openai, and amazon replacing its ceo as jeff bezos keeps a close eye on their efforts. Well dig into the rapidly evolving landscape. Lets start with the Market Action, show. Dom chu, i think were going to see a lot of stars today. The markets are as green as dress as that dress youre wearing, kelly. What we have is, yes, record highs for both the s p 500. Well put the star right up there right now, and the nasdaq composite right now. So alltime highs there. The dow currently sits at a level that could be a closing high. But were roughly up 50 points away from its own record alltime intraday high. So the dow industrials up 285 points, three quarters of 1 , 39,843. 5292, pushing 5300 mark. Up 351 p 51 points. So highs of the session for the s p 500, almost just a hair away from 5300. And the nasdaq composite a record high, up more than 1 ,