Last week. Overnight, in asia, japans nikkei topped 40,000 for the first time. Stronger corporate earnings and surge of chip stocks with Artificial Intelligence playing things up. The nikkei above 40,000. If you look back here in the United States, the treasury markets show yields are higher. Tenyear yielding 4. 2 . The price of bitcoin has been impossible to stop lately. You will see it is up another 3. 7 . Above 65,000. It will be a new high. Theoretically. We are watching crude prices inching up toward 80. The high end of the range. 79. 68. Opec plus countries delaying production. That means 2. 2 Million Barrels per day of cuts planned for the First Quarter of the year will continue into the next quarter. We will talk more about this and the implications with helima croft in the 8 00 hour. Congressional leaders released the details of the first six budget bills to keep the government funded. Democrats secured full funding of the special Food Assistance program for women, infants and
The nasdaq down even more, 1. 8 . You add the magnificent 7. There was a pullback of, i think, 233 billion in market cap for those big magnificent 7. The only one that ended higher was invip ya shares of apple down 3 after a report of struggling iphone sales in china then you had tesla, down by even more than that, and pretty decisive declines in technology. It was interesting watching them one by one. Kind of roll . Were going to need a terrific two. Terrific two or the rest of the averages the rest of the stocks to kaup up to what the magnificent seven do. They want to solve income inequality that i wamgt to bring everybody else down. I wish everyone would join the magnificent 7. Apple has been a great stock and a great harbinger of this tech bull market of the magnificent 7. So has tesla now were really i mean all our eggs are in nvidia at this point, although, i dont think we need to anybody whos worried about most over the past 25 years has been proven wrong . Yeah. Yeah. Im not s
Katie welcome to bloomberg markets. Take a look at markets now and you have the big benchmarks fighting to stay green even as we worry about regional banks. The s p 500 is higher by 0. 2 and big tech is slightly better. The nasdaq 100 is up about 0. 4 . Kre is an etf that tracks regional banks and its off by about 2. 2 or so. The new York Community bank shares are at the lowest since 1996. They are plunging once again for the commercial real estate lender said it found Material Weaknesses and how it tracks loan risks. Hermann chan joins me now. Could this test put this into context. We were waiting for another shoe to drop so how bad is this one . The disclosure yesterday evening about the Material Weakness raises questions on how the bank is monitoring their Loan Portfolio especially with heightened exposure to areas of concern like Office Commercial real estate and rent regulated apartment lending. It adds to the uncertainty and raises questions on future potential provisions for loa
Willie, what do fox news viewers who are lied to with great regularity on some of these issues, what do they think when neil cavuto is there going, yeah, no, none of that is right . Yeah. Fact checking. I was smiling because you can hear the lawyers for fox news in the anchors ear, 787 million. The hit they took for lying about certain elements of the election. Hes telling the truth. It is a verifiable, Objective Truth that a lot of people still reject. Neil cavuto says theres no doubt about it anymore, but, sadly, there is doubt in americans minds because of the lies theyve been fed for all of these years. Yeah, for so many years. Majority, actually, of republicans believe the lies that are spread by chinese religious cults and, unfortunately, by networks of america and politicians, too. You know, we showed very briefly that clip of biden going to the border. We heard at the end of Way Too Early that theres a belief, tom suozzi believes, hey, he won on long island by leaning into the
, Lisa Abramowicz and annmarie hordern. Live from new york city, good morning. For audience worldwide this is bloomberg surveillance alongside Lisa Abramowicz. Your equity market on the s p 500 down yesterday just a touch down this morning by one third of 1 . Cpi upside surprise, pce coming up a little bit later. A lot of people are saying thats the big data point but how do you trade the market that seems to be driven by its own sentiment. That seems to be with the lack of conviction i read all the notes overnight i have to say the headline of the day frankly is momo fomo or own no. You can translate that later in the program. Ultimately over the last few weeks the last few months this market is repriced aggressively. And the fed hasnt had to adjust at all. President williams sounds like a president williams we heard about a month ago. Three times seems about right for fed rate cuts this year. They havent changed their message. Market kicking and screaming. But heres the real question