I know. Alltime highs we have like, what, 39 trading days to go is that it . It is a tight time frame here the interesting thing around the market is it has shrugged off concern. One of the reason the market has gone higher is because of really light positioning. That mentality hasnt changed. That has fuelled the rally in the market you see the dow in the green but just barely. Nasdaq futures down by a point again, we are sitting at new highs after the gains we added on yesterday you look at the treasury market yielding 1. 85 xerox looking at buying hp. The company has an informal funding commitment xerox has a Market Company a third of hp. Both of these companies former technology stall waters. Xerox has had a couple of falls. Do people steel xerox things it is like faxing. Hp has tried to keep up it is like help me im drowning. Hp shares are up. Xerox somehow is the acquiring company. And there would be a premium to hps market cap. I just get depressed reading this xerox already scra
A new high earlier today for jpmorgan, holding its investor day today, Ceo Jamie Dimon says no buy backs at these levels and the stock didnt like that and said he was, quote, cautiously pessimistic about the state of the world right now. Well discuss coming up. It takes us to our talk of the tape, all that continues to rally and if its a sign that more gains are on the way. Welcome in pimcos erin brown. Nice to sea you on the east coast. Nice to see you as well. This everything rally pretty amazing. Does it continue i think it does as we heard from the First Quarter earnings season, strong earnings across the board. Whats important to keep in mind you see an inflection and broadening out not Just Technology leaning in terms of earnings recovery, but its broadening out to more sectors as well. Yes, were trading at highs on the dow, close to highs on the dow, you know, same across most indices, but i think what youll see as we move through the rest of this year this broadening out will d
Things have changed, we have different numbers. New highs for 2024. The two youre getting closer to 5 two year. The quote of the last 24 hours around this desk, jp morgans david kelley, the sound of their slingshot on a june cut. Lisa stephen of standard charting, rbc, we are changing our fed call from 45 basis points to one of a duty five basis point move. Yesterday we saw the biggest self, the biggest yields since 2022 and it seems there might be more. Annmarie everyone is trying to revise. Starting to revise. This really seals the fate for the june fomc to push this further back. If we came into this year expecting when will the fed cut, and that is a matter of some people asking if the fed will have a cut in 2022 in 2024. Jonathan two big headlines crossing bloomberg earlier, triggers parenting rate cutlets to less than 25 basis points. Look at for exchange, the euro, 1. 07. The dollar having its biggest oneday since the banking stress of last spring. Dollar, 152. Never mind, it is
Such as a regulatory rollback. Critics say the report lacked rigorous analytical back in. At a news conference, three women who have accused President Trump of Sexual Misconduct called for a congressional investigation into his actions. Two of the women, jessica leads and rachel crookes, said mr. Trump made sexual contact with them without their consent. The third accuser says mr. Trump behaved inappropriately with contestants in the miss usa pageant. Thetrump has denied allegations since they were first reported ahead of the 2016 president ial election. Movie theaters are coming back to saudi arabia after a 35year absence. That is seen by the latest attempt by crown prince mohammad bin salman to reform the country. Saudis shutdown movie theaters in the 1980s as part of a wave of altra conservatism. Global news 24 hours a day powered by more than 2700 journalists and analysts in over 120 countries. I am Mark Crumpton. This is bloomberg. Julia live from bloombergs World Headquarters in
Mixed, kind of nothing actually. Isnt that funny. All minimal moves. Lets call it a complex more or less in europe flat at this point. 10year note yield, we had the big employment number on friday. Didnt really see that Much Movement though, did we . Its funny, i spent a lot of time talking about the bonds on friday on mad money, the old days what it would have been been like and it would have been selffulfilling and were we have a great economy so you know rates have to go up immediately. It did not occur and its a different pattern but weve seen for the past 30 years. Lets get to our road map this morning, well get back to the bond market in a bit breaking news in new york city, an explosion near the Port Authority bus terminal during the morning rush hour. There is one suspect now in custody. Plus, the bitcoin boom, the futures on their first day of trading, they are surging. And well also have an update on qualcomm and broadcom and importantly shots fired from elliott this morning