Surveillance. Annmarie hordern and Lisa Abramowicz. Jonathan ferro will be back. However, today we are happy to have brian levitt with us for the hour. Who has been absolutely right at a time when everyone has been looking for signs of greater disinflation starting with data about 2. 5 hours from now. Good morning. We are looking at market that are doing pretty much nothing. They did pretty much nothing yesterday as well. Brian, are you still a fomo kind of guy . Brian i am. Everybodys talking about the fed, they are so concerned when the fed is going to move and by how much. The reality is, markets historically have done very well with the fed on hold and the economy reasonably strong. We are still in a good nominal growth backdrop. I know everyone is going to be staring at that tens place in every inflation point that comes up. I think we are in a place where inflation is going to moderate and these markets are likely to press higher. Lisa at a time when we are at the twilight of the
Katie im Katie Greifeld in new york. Welcome to bloomberg markets. Markets this morning are pretty green but it is pretty quiet. S p 500 currently higher by. 1 payment same thing if you look at the nasdaq 100, also. 2 higher. A little bit more action if you look at the bond market. That really continuing with 10year yields lower by two or three basis points. Back below 4. 50. Greenblatt quiet. Looking for some action, lets go to bailey lipschultz. It feels like we woke up in 2021 feeling like what is going on with gamestop right now. Bailey we are so back, as is marine kitty, call it a meme of a player. That triggered a rally in gamestop shares, up more than 90 , now 104 , halting four times in the first few minutes for voluntarily. It appears those animal spirits are around. Still cautious on the company, cautious on the outlook. They had earnings next month but it feels like in this moment in time, very much shades of 2021. Even seeing shares like amc, all rounding double digits this
Uranium etfs. Im Katie Greifeld in the york and welcome to bloomberg markets. You look at the board. A lot of green on the screen right now. S p 500 higher by. 4 . We are on track for a second straight week of gains. It feels like a while since we have seen that. You look at big tech. Currently higher by about. 6 . Your leader right now is the semiconductor industry. The Philadelphia Semiconductor index up about 120 on this friday 1. 8 on this friday. We have breaking Consumer Sentiment data crossing the terminal right now. Mike mckee joints with all the details. Michael i apologize. Its a nice friday and you are all in a good mood. The American People are not. We have a big drop in the university of michigans sentiment for the month of may. 67. 4, down from 77. 2. Current conditions fall to 68. 8 from 70. The outlook falls to 66. 5 from 76. The headline number is the lowest since last november. People are not very happy across the country. Coming up we will try to get more on that fro
Haidi welcome to daybreak australia. We are counting down to asias major market opens. Annabelle the top stories this hour, asian stocks set for early gains with the best threeday rally since november on bets of fed rate cut this year is still on the cards. Australias reserve bank looking set for a hawkish hold. Haidi and anz with a buyback is the first time i earnings miss estimates. We speak with the group ceo, Shane Elliott. Annabelle israel rejects the ceasefire plan backed by hamas. We check on how u. S. Futures are coming online this morning. We just come off the best threeday rally for stocks going back to november of last year. The s p 500 pushed above its 50 Day Moving Average in the prior session. It all comes down to a Solid Earnings season that has been driving optimisms and expectations at the fed will cut rates later this year. We heard from the citadel ceo about this. Take a listen. There likely there still question of will inflation accelerating up by then. Deglobalizat
Haidi welcome to daybreak australia. Im haidi stroudwatts in sydney. Annabelle im Annabelle Droulers in hong kong counted down the ages major market opens. Shery im shery ahn. Ourstories this hour. Market gets a reprieve as fresh data has back bets on another rate hike this year. Tech stocks and treasuries are rallying. The dollar is weaker. In the Sam Bankmanfried trial, prosecutors say the ftx cofounder is a calculated criminal that lied of the world. U. S. Futures coming online in the Asian Session under a little pressure after we saw ux u. S. Stocks gaining ground and the s p 500 finishing around session highs. The nasdaq 100 outperforming gaming 1. 5 in the new york session. Perhaps, not surprising given we saw treasury yields back down with a rebound rebound in the bond market with a 10 year yield headed towards 470. We had dated today coming in weaker than expected. The adp private payrolls numbers added the fewest number of jobs since 2021. So perhaps, thats a little sign of a