With joanne hsu in just a moment, and an oil rally underway. We will see how much risk you should take on into a weekend of uncertainty. Im alix steel, with my cohost in london, died guy johnson. Guy it drops onto our bloomberg terminals the headline number, 63 point zero, down from 68. 1. That is a substantial miss. 66. 7, a big drop. One year inflation wow one year inflation rises to 3. 8 , up from 3. 2 , and we have verizon the five to 10 as well. I wonder if that is gasoline prices, but Inflation Expectations are rising. That is not a good cocktail heading into the weekend. Alix no, that is not great at all. The bond market giving up some of the gains we saw on the treasury market on the frontend, so yields down by two basis points now, but equities are going nowhere yet. This is not a great read for how consumers are feeling. Guy jamie dimon warning on the call, talking about the facts that the consumer is working through the excess savings. We have been talking about that for a w
Expected employment data. There is serious catch. There were other economic reportings that were huge misses. Stocks under pressure. As you heard earnings from amazon but not just amazon. Semiconductors have led the way. Supermicro computer has led the way. Nvidia is up 200 . This stock up 700 the last year. Well obviously preview the fomc meeting, a special guest says jay powell is hapless and dissatisfactory. Investing lessons from the movie the naked gown. Why have College Protests been allowed to get out of control. Why americans are real influencers. Not just peddling stuff on social media but dictating the control of our own lives. All that and so much more on making money. Charles all right, so earnings season stock market leadership was supposed to sway away from the magnificent seven to all the other names. Now there are names in tech, but even outside of tech but after stumbling for most of the month, folks, we can see now, well the magnificent seven, most of these behemoths
Bloomberg daybreak australia. The top stories this hour. U. S. Stocks game on bets the fed can pull up a soft landing. The euro slips amid signs that ecb may stay on hold following thursdays hike. Soren 25 on its trading debut, arm. U. S. Futures coming online in the asian session. Shery investors were really digesting strongerthanexpected numbers, strongerthanexpected retail sales, producer prices. Our consumers in the u. S. Doing betterthanexpected is the key question. S p 500 finishing above 4500 but the auto sector was under pressure today. Detroit carmakers are facing a threat of potential walkouts. Take a look at treasury yields because they were up across the board. We are watching the two year break even because investors are looking at the possibility of shorter term inflation so it expectations are growing. Above 90 per barrel in new york for the First Time Since november. It has to do with the supply picture later in the year. Arms trading debut, a jump of 25 . Closing at 63
Been arrested in the deaths of 71 migrants find found in a truck abandoned on a highway in austria. Probablyy they suffocated and at least some of the victims were refugees fleeing violence in syria. , president george w. Bush visits the site of one of the low points of his presidency. He traveled to new orleans to mark the 10th anniversary of Hurricane Katrina. The former president was criticized for his administrations response to the disaster. President obama was there yesterday and watched through the new orleans neighborhood that was one of the hardest hit. The president said new orleans is a model for resilience in the face of catastrophe. I am here to say that on that larger project, stronger, more , the progress that you have made this remarkable. Mr. Obama called new orleans recovery a work in progress, saying the job is not to rebuild the city as it used to be but to rebuild it a new. Defense secretary Ashton Carter is on a friend raising mission to Silicon Valley. Carter wan
11 15, london time. If you look at the dollar, its heading higher. Thees speculation that next head of the Federal Reserve will be hawkish. There is a little bit of concern about north korea. That also gives geopolitical risk more of an impetus. Touch,o is weakening a as investors weigh during the standoff in catalonia. That is the expectation that brexit talks are heading for a breakdown. I am also looking at gold. Lets get straight to the bloomberg first word news. Reporter north korea has warned that a Nuclear War May break out at any moment. The comments come as the u. S. And south korea began one of the largest joint naval drills in the peninsula. Un expressed that his country is a Nuclear Power and warned the entire u. S. Mainland is in range and called north korea responsible nuclear state. Brexit missions to aussels might have been flop. According to a person familiar with her teams views, Senior Administration are now losing faith. Mitch mcconnell has presented a united front,