Global Business Forum. Will be speaking to pierre moscovici, european for economic and funny to affairs, andreas , Allianz Global Investors ceo, and stephen badger, mars inc. Chairman. Lisa deepening some of the concerns about trade come the s p lower. Crude dropping as well as saudi arabia seems it is getting production online faster than expected. The euro losing versus the dollar. The dollar strengthening despite concerns about turmoil amid the leadership in the u. S. Onyear yields going lower this risk off day. David joining me now at the Bloomberg Global Business Forum is andreas utermann, Allianz Global Investors ceo. It is good to have you here. I want to start with why we are here. It is the Climate Finance Leadership Initiative. Explain to us what that is. Andreas it is an initiative that michael bloomberg, on behalf of the u. N. , kicked off about a month ago. It brings together a significant number of affluent to private sector organizations with the aim of cooperating and c
Dani katie welcome to Bloomberg Markets. You look at markets at the moment and you can see there some green on the screen a high me. You can see the s p 500 currently up by about 3 10 of a percent. You look at big tech right now the nasdaq 100 even higher paid 4 10 of a percent. Small moves overall. A change in direction after a pretty rocky start. Taking a look at the Philadelphia Semiconductor index you can see that sleeving games right now. Lets get right to one of the big stories today and that is peloton. The Fitness Company announcing its ceo is stepping down after two years. Its also cutting 15 of staff as part of its restructuring efforts and among Bloomberg Technology joins us with more details and i hate to say this was a surprise what was your reaction . Ed the Market Action is a big surprise. We were climbing steady, session highs 18 . Took the resistance off. Speed and power now we are at a flat road. Completely flat on the stock. It is astonishing trading and the markets
Fed, the chair saying inflation is still too high. Weve got a big day for apple, which will report its earnings after the bell, this amid signs of an iphone slump and, of course, potential struggles in china were keeping an eye on shares of carvana. They are up as much as 40 in the premarket. Remember when that thing was close to bankruptcy . Well, this was a recordsetting quarter, and were going to talk with the ceo that will be next here on squawk on the street. Lets begin with the markets and the fed, the day after the chair delivered this message on rates. Its unlikely that the next policy rate move will be a hike. I would say its unlikely. You know, our policy focus is really what i just mentioned, which is how long to keep policy restrictive. Lot of takes today, jim bmp unequivocally dovish, you agree . Thats a hard one, because i think that b of a saying fomc meeting, wait and see. Fomc bias here, Morgan Stanley firm hold with the firm hold. Fomc stalling for time, wells fargo.
Antisemitism on College Campuses, School President s and their woke culture are reaping what they have sown. Former trump advisor Stephen Miller will weigh in on the whole story. Somebody has to tell me how you can retroactively steal an election in 2016 by making undisclosed payments in 2017 . Ask alvin bragg, i guess owe will know. My pal Kevin Hassett on new currency wars with japan and china. The planet is getting cleaner and biden greenies are having a bad earth day. Senator john hoeven on that. First Jacqui Heinrich with the latest on rising antisemitism across the u. S. Jacqui, what have you got . Reporter since saturday Columbia University decided to offer virtual classes for the rest of the semester to insure the safety of students. New England Patriots owner, Big University donor robert kraft pulled his support from the university. There also have been growing calls for the universitys president to resign but President Biden has not used any of his time in front of cameras at
To see what mnuchin and the economic director hold a briefing at the white house. Look at twitter earnings. ,t looks like a pretty big be coming in at 11 percent. Monthly active users also coming in slightly better than estimates, coming in at 328 million, beating the estimates better than the fourth quarter. Also, revenue dropped the estimates as well. Looks like a good quarter for twitter. Youve that revenue, earnings up, monthly active users up as well. We will cover that throughout the next three hours. David you can get money for it and this might be a case where they figure out how to do that. And maybe video because they really have the video. Lets see. Today President Trump is going to release his plan for what he has called the big tax reform and reduction. Weve gotten hints about where he is headed. We are joined by our chief washington correspondent kevin cirilli. What we know so far is he is going to call for a 15 Corporate Tax rate tax break. We dont know the specific deta