We are down on the hang seng index, jakartas coming online. We are also seeing u. S. Futures starting to also point lower. We have a series of data points, we should be watching out for trade numbers, inflation is out tomorrow. Im wondering if the market is starting to sniff out a soft inflation number. What is top of mind for you . Yvonne yeah. You mentioned what is going on when it comes to the macro picture. The whole recession debate in the u. S. Is lingering in the bond market. You have the likes of goldman, Morgan Stanley saying, save the move we saw last week that was a bit overdone and by treasuries, its a sign that that may be what we saw was a bit too far. They are talking about going bullish when it comes to the fiveyear for jp morgan, going along when it comes to 30 year tips. They are seeing signs that maybe we are not really the news did not really drive it. The boj was tweaking, the downgrade on u. S. Debt also all of which is what goldman is saying is not showing meanin
Lauren goodwin, senior director of multiasset mfrl strategy. Lauren, good to see you. Good to be here thanks for having me, mike want to go back to just about a month ago right before the previous cpi report, right july 12th. The s p 500 within 1 of where it is right now and the 10year treasury yield at 4 where it is right now. When we got it, it was a bit of a kickstart for the late july rally and now weve given it back what is the status right now in your mind of the landing and the economic scenario and how much of that the market can benefit from or potentially have the market learned pretty good information from the last Inflation Report from june that we saw in july which was the disinflationary process has moved from an early stage to a more stable one and that is one where the fed is not done hiking and investors can be excited about the potential for a soft landing. I think its a little bit of a false start because until unemployment claims start durably rising, that narrative
Katie welcome to bloomberg markets, its a quiet start to the trading week when you look at the bench marks. The s p 500 behind me, its slower, just slightly. Were talking about a tenth of a percent there. Still really healthily above the 5,000 mark. Well see how that shapes up. You look at big tech, things are a little worse off there. Of course, weve been talking about apple, and you can see the nasdaq 100 currently off about. 3 , but its early. A lot can happen there. And then you take a look at the small cap index, i thought this was fun. The russell 2000 outperforming, currently up. 6 . Well see how long that can hold. Lets talk more about apple, because the stock is down after the company was hit by a 2 billion fine from the e. U. Over allegations of silencing music streaming rivals on its app store. Heres is what the e. U. Competition chief had to say earlier. We found that apples rules result in withholding Key Information on prices and features of services from consumers. As su
Looking out above that cloud cover that is shrouding much of the bay. We had some dense fog earlier. Were seeing a little less than that at this point. But still a few misty drizzly spots, especially closer to the coast. 50s 60s for current temperatures. Cool. Start to the morning. So dont forget the jackets just yet, although this afternoon can get rid of them for a little bit because we definitely wont be inland as daytime highs push upwards into the upper 80s for a lot of spots. Im going to be talking all the details for your weekend. Still to come raining. Thank you, john. Bridges are off to a nice and friday light start. For everybody headed into the city, traffic is not building at the toll plaza. About 10 minutes making your way that mays to that fremont street exit, our san mateo bridge around 6 teens about a 2 minute hike. Nothing crazy. Richmond center fell bridge a little under 15 minutes. Golden gate bridge. 37 to the tolls me want to one of the north bay looks good. 21 min
The headlines and we have a lot of weather talk about as we head into the weekend and wont take that jacket off before too to morning. Yeah, the layers this morning and that this afternoon. Well, maybe the shorts and tshirts like it out there at some clearing skies and some warming conditions later on today. The warmest one we felt in many days now you look outside at downtown San Francisco. Still great. Still very much so jacket where the lets get a look at downtown. There you go. You can see a little bit of that gray overhead and its still hovering across the whole lot of the bay area. Now, as we work our way through the day, temperatures inland are about to rise. Really quick for the time being. Its still 50s and 60s. So you still absolutely need that extra layer later on today, though. Little unfamiliar the field, those upper 80s that a lot of our inland areas will get to the bayshore back up into a much more mild. The range of 70s. Ive got your full weekend break down. All still a