On the fed Holding Interest rates until at least december. Sec approves trade products tied to ether, opening the door for a spot etf, and we are live at the g7 finance meeting in italy where ukraines allies are wrestling over a deal to use frozen russian assets to support kyiv. We will be speaking to a secretarygeneral later this hour. Lets check in on these markets, global stocks at bonds up for weekly declines. The good news on the data front, bad news for the markets team is a back with u. S. Activity data. Composite pmi, services, and manufacturing strengthening the most, composite and about two years. That led to a selloff on wall street. European futures, a losses of point five of 1 . Consumer confidence picking up for a second consecutive month in the u. K. Losses across the ftse 100. S p futures looking to modest gains after losses of yesterday. Nvidia was the bright spot yesterday across the u. S. Equity space with gains around 9 . Lets have a look cross asset. You did see a
This blanket of low stretches all the way inland into the delta from the north bay into the south bay, too. Now winds from the coastline will continue through the day today having a little less of an impact on our temperatures, though, this marine layer is actually a little less thick than yesterday. So it burns off quicker and that also means temperatures will rise quicker temps right now are in the 50s later on today. A few more 80s inland. The lot of 70s along the bay shore. That will talking about this overturned big rig. This is at 80 wesson west grand and maritime offramp exit. So they close that overpass. Its that little overpass going right above the toll plaza the year. Thankfully, no major delays going into the city off from that. Still a smooth ride their 14 minutes. You can see this and the florida court. Thats where it is right there. So thats been shut down for the past 2 hours or so. Try write that overturned other highways like the ridge, about 14 minutes traveling acro
Earnings. I and Katie Greifeld in new york. Welcome to bloomberg markets. There is red on the screen behind me. The s p down by about. 2 . Same move when you take a look at the nasdaq 100. Your chips are the relative outperformer today but by a very small margin. I will call that unchanged on the stocks index but lets get specific. Two stocks we are watching our uber and lyft. Uber missed expectations. We have mandeep here. Tell us what uber tell us what lyft did do and what uber did not. Mandeep both of them had an inline quarter. Expectations were way too low. The fact that they grew over 20 was a positive. There is no doubt that you are seeing this saturation in new rider additions. It is a key topline driver. In the case of uber, it is trying to offset through its partnership with instacart. The delivery segment clearly does not have a lot of levers, but in the case of lyft, we do not know who they will partner with, whether that will be doordash or somebody else. Katie lyft shares
Bond the Biden Administration has been pressing for a cease fire deal that would free hamas held hostages in exchange for palestinian prisoners and get more aid into gaza. There has been a significant offer on the table. The ball has been in hamass court. We have made clear that they should accept that offer. Israels war cabinet that is meeting today says its going to send negotiators back to talking to get a final deal. Meantime, the Prime Ministers Office says that the cabinet unanimously decided to continue the military operation in rafah, which Israel Considers the last hamas stronghold, while pursuing a cease fire. So how are campuses across the bay area receiving todays news on a possible cease fire in gaza . Weve shown you the tents students have set up on a handful of campuses out here in the bay area in protest of the United States involvement in the war. Our Marianne Favro is live at San Francisco state for us today. Marianne, what are students out there telling you . Well, s
We wrap up the latest from googles antitrust trial and bring you what a new report that shows u. S. Warning the eu on is a act regulation and competition. Lets check in on the markets because blowout jobs number. We see the ramifications in the bond market, but tech manages to push through after initial knee jerk reaction. U. S. 10 year. We are headed towards multidecade highs since 2007. Bitcoin on the high side its a little bit of a desire to get into the risk assets on the back of some the numbers lets have a look at what is happening in individual stocks movers of technology. Bpd on a tear. We are seeing it outperform the last few months and weeks and currently on the date up. We are of some 4 . Chipmakers managing to push on the higher side. Im looking at tesla on the downside. We are all 0. 8. They once again cut prices up to 2250 being pulled down in terms of a price point. Keeping on pushing back. Lets have a look at what is happening more broadly in the macro data because mayb