Happen is yes, inflation is going to come down slowly. That deep inflation tail risk has been cut off. If we were to get inflation to a level or we have to respect that again, that becomes the real risk to the market. Inflation is sticking. Announcer this is bloomberg surveillance with jonathan ferro, several modes and annmarie hordern. Jonathan the third hour begins right now. Your equity market on the s p 500 just about positive after closing at alltime highs in yesterdays session and i climactic in so many ways. It is the calm after the storm that never came. Lisa that has been the story of the entire year. Everyone is calling for a storm, he could be a bubble, cant take it, and guess what, we are now north of 5200. The price target people upgraded to just a year ago. This train keeps moving. Jonathan i welcome it. Looking ahead to retail sales tomorrow, we are light on data this morning but tomorrow, looking to claims, the estimate so far in the survey that is barely moving from th
Schools closed live on the ground with the very latest power lunch starts right now thanks, mel. Welcome back im Brian Sullivan dow hitting session highs up 110 points s p 500 trying to make a fourday losing streak, industrials, energy and tech leading Consumer Staples and utilities lagging. Individual companies to watch include lululemon. Shares soaring beating estimates, boosting outlook. Dollar general a nice bump topping expectations and check this ut. Ge up 2 unfortunately, because the struggling industrial giant saying it will lay offanother 12,000 people. This tile, tyler, in its power division. Thank you, brian. Bitcoin, bitcoin, bitcoin. A rhyme i could make but i wont. Wall street and main street getting caught up in the frenzy. Bitcoin, hitting 16,000. 16,000 for the first time today. Then just moments later, 17,000. And then 18,000. Then 19,000 on coin banks. Right now, on somebodys base, its 15,360. Mr. Pus pisani at home base. Keeps going up and up, firms involved in futu
Bottom left of your screen well be on bitcoin watch. Exciting. For the entire hour just like a hurricane, you can watch it go up and down and not miss a second. If thats not enough, one of the Largest Online Brokerage Firms will be on the front lines as bitcoin makes its debut on wall street, Bitcoin Futures. The ceo will join us later first, the drama in d. C. Raging on as the house just voted to avoid a shutdown this week the question looms over the future of the tax bill eamon javers has the details plus a new development on infrastructure eamon . Reporter thats right, that final vote was 235193 in the house of representatives that means that continuing resolution would simply kick the can down the road for two weeks and avoid a government shutdown. It still has to pass the United States senate. Every expectation is that it will pass. We got some positive imagery at the white house in terms of the by partisan congressional leadership coming to the white house to meet with the presid
We are 30 minutes away from the end of mondays session. Little changed on the equities front. , third day,rlier best run since early october. Sterling down one quarter of 1 . Is your function. Realizederlings swings against the dollar the last 12 months have outpaced all developed market peers. It is the eighth most volatile against major emerging and advanced economies. This is ranking alongside Exchange Rates from Eastern Europe and latin america. The only other developed currency in the top 10 is the new zealand dollar, rocked by concern of an economic slowdown after the labor party formed a Government Back in october. This is turkeys economy. Faster than expected growth in the Third Quarter driven by an increase in household spending, gdp expanding 11 , beating estimates, and turkey increasing spending on everything from wages to investments to spur the economy after a failed military coup hurt the economy last year. That is turkey. This is the ramp, sticking with the emerging mark
, and im Francine Lacqua, alongside mark barton. The French Ministry of finance is discussing funding plans to put a stop to Climate Change. Well be speaking exclusively to the french finance minister in about 30 minutes. A little later t, we will be laurent to th mignon. Mark the stoxx 600, the best run since november 1. You look at sterling trading lower against the dollar. It fell last week, falling today as investors and analysts tilde into the agreements that took place on friday analysts delve into the agreements that took place on friday. Anys to be rubberstamped by the European Council this week. We have got the fed, the ecb and boe all unveiling their ate decisions. Only the fed is expected to move on policy, raising rates. Its expected by 25 basis poin ts. Gold is rising today, up by. 1 . Lets get the bloomberg first word news. Reporter french president macron says Donald Trumps decision to recognize jerusalem as israels capital is dangerous. He hosted the israeli Prime Minis