3 after demand for the second half of the year is improving. Thats all investors needed to hear today check out the moves. Micron, best day in three years. Amd, all soaring, are they giving the market an all clear sign, guy . Welcome back, scott. Thank you, guy. We missed you last time we had brian we have you back. What would the show be like without that greeting. I dont think it gives the market the all clear the micron numbers were better than the street was anticipating b on revenue, steve knows this, 64 of the companys revenue down 45 year over year. So youre saying how does the stock rally off of that because this time last year, it was a 62 stock. It becomes a math problem. The rally today makes sense. We discussed it last night, but to think you have the all clear based on this, i think is foolish. I think youre having a relief rally, analysts will catch up. I think theres going to be another leg down over the next couple of weeks. The guy says youre way off the highs for name
Morning, bloomberg surveillance on bloomberg tv and radio. Your equity markets are highly unchanged. We start in the bond market, twoyear, fiveyear, 10 year, 30 year. Cycle highs. Tom global wall street is focused and quickly nonglobal wall street will get focused. There has been a shift. It could be because of israel or this, that, or the other thing. Statistically we reached a tipping point. Jonathan is this a substitute for further reaction from the Federal Reserve . Lisa you will be speaking today at noon. Yesterday tom barkan said that the problem with allowing the long and to do the work for you is that it moves. Although right now it seems to be moving in a more restrictive place. Im curious. The fact that we had risk off yesterday and at the same time we saw bond yields reach the highest levels going back 16 or 17 years across the curve, what does that tell you about the new haven status about the treasury market . That is going to be an underlying angst. Jonathan the communica
The u. S. Central bank doesnt want to risk overtightening and adding that the fed is at the end of the hiking cycle. The death toll from the israelhamas war is claiming 1,500 lives as they prepare to mobilize 300,000 reservists. And countrygarden is warning it is unlikely the company will be able to pay the remaining debt obligations. After resilient start to 2023, Global Growth is expected to slow this year and next according to the latest projections by the imf. The outlook released a moment ago, the fund says the United States is on track to exceed prepandemic growth with gdp expected to rise 2. 5 this year and 1. 5 next year. China is expected to lag behind. Global headline inflation is set to decline from the peak from last year to 5. 9 in the Fourth Quarter of this year and fall further below 5 in 2024. This World Economic outlook came out a few moments ago. It is long. Sylvia and i have had time to piece through it. I want to bring your attention to the title. Navigating global
Luxembourg, greece, norway, spain and ireland. Ascento continuing its to the highest level since 2014. Sovereign bond yields, commodities, ubs your final three columns. Best annual results since 2011. The election of Emmanuel Macron combining with that global it is in confidence being bolstered by macrons Economic Reforms and tax cuts implemented by the previous administration. Growth at 1. 9 . Far above the. 8 average through in the 10 years 2016. We have some stories to tell you about today. In 9 increase in fourthquarter adjusted profit, narrowly missing estimates. Orders were stronger in china and north america, particularly its diagnostic equipment business. They missed on Health Care Equipment and services while exiting from manufacture products the Amsterdam Company is aiming for more totnerships with hospitals sell xray and diagnostics machines. Today,up almost 5 reporting its first gain in annual profit for four years. The watchmaker boosting its share of the lowend timepiece
Wall street darling. Which is off 37 . From its 52week high. The second worst performer in the entire s p 500. Joe, you used to love it. I used to love it. Whats going on . I used to own it. Whats the problem . Listen, its about competition and allowing others into your business model. And you not understanding that you need to be more dynamic, more diversify and organically grow. Obviously in years past we knew that other was step into the space. That has happened. I think whats discouraging if you think about it, is its domestically oriented. A higher u. S. Dollar. Weve got lower energy costs. You would think that this would translate into a recovery for this company. The Company Needs something. Maybe its a new management team, needs some form of a shakeup. I dont know where the shakeup comes from. Maybe it comes from the activist community. Steve can speak to that better thanky. Something has to happen. Not a name, ive owned in the past. I dont want to own it here. Is this investib