Sonali welcome to bloomberg markets. Lets look at the markets quickly. We have a lot of red on the screen. We have the s p 500 now down about one half of 1 . The nasdaq 100 is seeing bigger can kleins. The russell 2000 even more than that. Its now down about 1. 5 on the day, quickening its losses and thats on the back of higher yields. The twoyear yield just flying higher. Its above 4. 67 on the day. Thats a three basis point move. You have to remember how far weve come. We will dive into the Economic Data we had this morning that is driving the yields higher. Michael mckee joins us now to bring us up mike mike to date. This is a nerd indicator. Business inventories are just out at the moment. Its not a really good number. 0. 0 after a 0. 3 increase the month before. That is down from 0. 4 . It suggests the u. S. Is not building inventories as much as people might have thought. There was a feeling that because gdp has shown inventories declining for the last months that we would see fa
it s a sign that the federal reserve s moves to raise interest rates to slow down inflation seems to be working, but analysts still think america s central bank will raise interest rates one more time at their next meeting. now, the cooler inflation is good news for consumers, but it s also good news for us presidentjoe biden, who touted the administration s efforts to bring prices down. now, he is facing re election next year and being able to control inflation without pushing the economy into a recession will be key if he wants another four years in the white house. samira hussain there. let s bring in the milken institute s chief economist, william lee, whojoins us now from nevada. that s the ultimate question that all the central banks around the world are asking them selves. has the us peaked? lots of prices and inflation decreases have come out because supply chains have been restored around the world and consumers are able to get the stuff they want to buy. one of the
temperatures as low as minus 22 degrees. in fact, families scrambling to find food and essential supplies, homes along lake erie completely covered in ice, and heartbreaking accounts of stranded drivers who froze to death in their cars. the storm also leading to anarchy in cities like buffalo, looters have been ransacking stores while police have been inundated. buffalo mayor byron brown blasting those who would take advantage. people who are out looting, when people are losing their lives in this harsh winter storm, it is absolutely reprehensible. i don t know how these people can even live with themselves, how they can look at themselves in the mirror. they are the lowest of the low. jessica: the winter chaos also wreaking havoc at america s airports. travelers were left stranded across the country as thousands of airlines canceled and delayed fights. more than 10,000 flights have been canceled since christmas eve, leaving behind what is being described as mountains of
Welcome to this addition of hannity im in for sean. The anti trumpet Kangaroo Court in New York City is not in session and wont be back until after the long memorial day weekend. Of the pro biden judge is more than happy to drag this out its his time to shine after all. Unfortunately for him and other Trumpet Aiding democrats across the country the prosecution cases a disaster of course that hasnt stopped aoc the socialist from the bronx from openly fantasizing about it keeping trump a box. Hosting rallies to try and con people and fleece them out of every dollar he has to fund his own legal fees and is doing it in the south bronx not to make a point but hes got this and he is the legal version of an Ankle Bracelet around him he cant leave the 5 boroughs because he always has to be in court so its truly and embarrassment to him. Not to make a point like most communists she loves the thought of turning the Justice System against her political opponents. Not making a point she is now par
February. The post requires confirmation by the u. S. Senate, and that takes months. Global news 24 hours a day, powered by more than 2700 journalists and analysts in more than 120 countries. I am alisa parenti. This is bloomberg. Emily i am emily chang and this is Bloomberg Technology. Its 22nd quarter of declining revenue. But there are great spots in the picture. The breakdown todays earnings report. The inside track on Travis Kalanicks future and ubers dump the year. My exclusive interview with Arianna Huffington here at the tech conference in laguna beach, california. Vte double down in the race to launch americas first smartphonetablet buy in. We discuss strategy and the Technology Behind the multiple smartphones. Strong earnings report. Ibm sales beat estimates, sending shares higher in u. S. Trading. The tech giants positive results lifted by growth from software projects products. Joining us, forrester Vice President , andrew bartels. The 22nd quarter of revenue decline in a r