It is in the athletic, for our reporting has reached an agreement. Tom this is a big deal. How does a franchise pick it up . This is a seismic deal for english football. Explain for our audience in america that doesnt understand. Jonathan accepted a 100 million euro offer. Lets see if he accepts that. He wants to win trophies and it looks like he has to buy munich to do it. I think he is Something Like 51 goals behind a phenomenal goalscorer to become the top scoring stryker of premier League History and he is going to leave potentially before he reaches that. Tom one quick question. Explain Bayern Munich compared to ac milan compared to paris. Jonathan delete. Delete. Elite. Tottenham does not come close to that. Tom i will call you back. Bye. Lisa i am surprised it was not a bigger reaction. Jonathan i thought it would be, too. Lisa you said you are going to break something. I knew that henry kane must have left. Jonathan let me try that again. From new york city, good morning. This
Guy lets see what is happening. Stocks are higher in europe. We are getting a lift from italian banks, which bounced back after being hit yesterday. The Italian Government may be backing off on the windfall narrative. But european gas at one point was up by 40 . This is a story that relates to shortages out of australia as result of industrial action, but this is the fear, that we can seek shortages this winter. This is highlighting that risk again. It is going to feed into the inflation narrative. It could be something that comes back again this winter as a big problem. This is a competitor to we work. We work goes away. I wg benefits. It is not all doom and gloom when it comes to the office story. Iwg up nearly 10 on the back of that wework narrative. Alix the s p is down by. 3 . I want a couple things to tease out here. In one of the most active stocks today, it is spending a lot of cash. They say the demand is there. They say they can produce the cars. There are still supply chain
Nearly 2 billion eu fine, while two new notes say, hey, dont worry. They suggest an apple comeback likely. As for tesla, well, its china struggles continue. Shipments plunging to the lowest level in more than a year. Lets begin with the markets entering a new week with record highs, fueled once again, jim, by a. I. , which seems to be the topic of so many weekend notes the last couple days. Oh my, carl. A lot of people want to say that the whole things gotten out of control, but lets say you go back a year, and you look at what nvidia the estimate for 2024. The stock was selling at 12 times earnings a year ago, so we can sit here and moan how expensive it was, but its by far the cheapest of the mag seven or mag six if you want to drop musk. But i think the problem has always been that when you look back, this thing is so underestimated in terms of what it can make that you dont know how to value it. What are you going to do, take it to nine times earnings like its a bad bank . Jim, my
Country seems to be fueling some kind of negative sentiment worldwide. Tom i agreed to start there for the western world. Its not just about china. There disinflation, we dont need a bunch of charts this early in the morning but the vector of deflation and disinflation in china from the beginning of covid and they did covid differently than we did but im sorry, its disinflationary and get you down to a run rate of a positive 1 even with the present deflation and thats not good enough. Jonathan at the same time, the western developed markets are finding inflation and we had deflation in china and people are asking, we are in it now so how long will it last . Lisa and is this the bottom . It could have a more inflationary time later on. How much does china matter as a disinflationary force for the rest of the world at a time were places like the u. S. Are moving away from importing some of their goods and the eu is trying to be more aggressive with lyft service. And we have budget defici
Nikki haley took herself out of the president ial race, Jerome Powell didnt exactly push off an imminent cut in Interest Rates. You might take powell and the points on this. Charlie gasparino driving investors now. This is a slam dunk. The markets, Jerome Powell have more influence and for the time being president ial candidates, but lets sort out what powell is saying. How do you see it . Charles it has been telegraphed. I wrote a column, hes been telegraphing rate coverage and it wont be march and it will be june. Hes telegraphing it will be 24 basis points. Thats what the markets are saying. Confirmed his telegraph that we reported on the show. Neil things are really far pushed off. Charles i told people, they told me june, 25 basis points, thats the likely scenario unless something wild happens with inflation if it starts popping up. The last cpi print was three. Adam as long as you are trending. Charles he thinks he will get it by june one thing about powell, whatever he telegraph