And Lisa Abramowicz. Jonathan this is bloomberg surveillance, on tv and radio, alongside tom keene and Lisa Abramowiczs Annmarie Hordern. The s p 500 is negative by 0. 3 . Under surveillance this morning. Boston fed president Susan Collins saying the rise of longterm yields surprising tightening financial conditions and persists which reduces the need for further Monetary Policy tightening in the near term. That is where our focus begins. Lisa a what we saw yesterday in the market did not have to do with fed speak with an auction that did not work well. There is a question of whether the fed has lost control of the narrative. Then speakers can keep coming out. We heard from Patrick Harker today. They have lost control of the market is what sign around with what they perceived to be inflation. Jonathan it is easy to blame inflation but they came in soft. Annmarie they will point the hands at congress for a number of reasons because they dont have a speaker. When you look at what the Con
Haidi you are watching daybreak asia. New zealand preparing to vote on saturday in its general election. We are counting down to the major market open. Australia has just come online. Shery the top stories, asian stocks following the u. S. Lower as fresh cpi data boosting bets on fed rate hikes. The u. S. And qatar withholding 6 billion of funding to iran as they look at involvement on the attack in israel. Australia looking to reject an additional as there are allegations of racism. Haidi breaking news out of south korea, the jobless rate for september coming in at 2. 6 in line with expectations although the labor market has loosened a little bit from the previous month was it stood up a 2. 4 jobless rate. 309,000 jobs for the south korean economy from a year earlier not to mention the jobless rate at 2. 6 is low compared with the 10 year average of 3. 5 in the postpandemic average of 3. 3 . We still have strength in the service sector, although risks remain for the south korean econo
Good morning looking to debate debit australia. I am paul allen at the Investment Conference in sydney. We are counting down to asias major market opens. Good evening from new york, i am stare on. The top story this error. U. S. Stocks and treasuries rise as the latest five comments fuel speculation the central bank is headed toward another pause in rate hikes. President biden boastful support and military aid for israel. The combined death toll now approaching 2000. And china is said to be ready to unleash a new round of stimulus. Take a look at how u. S. Features are coming online. 20 early in the session. We have stocks and bonds gaining ground on that commentary coming from a fed official. We have the s p 500 gaining ground for third session. A little bit of a technical rebound. We have the 10 year yield fallen toward that 4. 6 level. A little bit of catching up for treasuries with a global bond round. We are looking ahead to plenty of data including thursday cpi numbers. Not to me
It was down even harder overnight. Its the year of efficiency coming to a close over at facebook. They have come to invest aggressively. A very big change over at meta. Lisa i had the great high for looting words from tesla, the reaction was the opposite. They didnt want to see this in terms of investors. They wanted to see dollars and cents. The year of efficiency was different from what people expected. Jonathan i think that profit more than doubled. The focus was firmly elsewhere. Annmarie what with the stock trading at if they hadnt talked about reality labs and were softer when it comes to capex spending. He was watching the share price in real time. The product of scaling was the clear monetize of opportunity. Lisa all i can say is that this is a fickle bunch. Investors are taking back what they gave, they enjoy the idea of efficiency. Now they are rightsizing it. It was a lot lower for the likes of tesla and boeing. Here is a company that wants to invest in Artificial Intelligen
Good morning for our audience worldwide, this is bloomberg surveillance on tv and radio alongside tom keene and lisa abramowicz, im jonathan ferro. Just about positive on the s p 500. Tom not your father strike. When i saw it, they nailed it about the 10 00 p. M. Stock. This is an original strike going back over to uaw history, back to 1958. Into real challenges before world war ii. It is an original strike, a selective strike, that is what is new. Jonathan gm said they offered unprecedented package. From ford, the union made little movement. Rambo, we have not heard from this white house, have we . We are waiting for a statement from the president. Lisa hit the he did speak with the leaders and auto manufacturers. What did he tell them at a time where his policy is contradictory . In one hand hes pushing for electric pickles and a lot of the vehicles are pushing back on yet they are helping some of the auto manufacturing with those. On the other hand, it is it is the most prounion in