For our audience worldwide, this is bloomberg surveillance on tv and radio. Your equity market on the s p 500 slightly positive. 3 . Cpi thursday, ppi friday. Tom inflation is the key dynamic. It was an odd weekend. It is in the zeitgeist, bloomberg reports bond prices up in china and yields down. In the inflation reports, is this tinge of deflation to come in asset prices worldwide . The theme of the weekend was deflation, beginning of deflationary worries into that key inflation report. Jonathan quite a ride in the bond market last week. Taking back a move from friday session. Lots of fed speak out there in the mix. Over the weekend, maybe another Interest Rate hike in the Federal Reserve. Tom it is going to go by the data. Job support, what do you think . Cut that way, cut that way job report . Jonathan still wages are hot. I think the narrative sticks, Jeff Rosenberg at blackrock talked about it that ultimately where payrolls growth goes, we will eventually follow. The fed says, we
Finally closing in on its former record. That goes back to the very beginning of 2022. It is going to complete that market that the average stock has not been participating. Nasdaq positive, work in the second three alltime high. Momentum chase in semiconductors refuses to quit for now. Nvidia surpassing two trillion dollars in market cap as dell, strong results after close yesterday triggered a feeding frenzy along the have we changed. Gained despite continue Malaysian Apple shares. And regional banks and related to nerc regional bank. That brings us to the top of the take. How hot is too high on the verge of the market . Lets ask cameron dawson, inouye wealth chief investment officer. We have momentum. There is nothing you can deny about that. On the other hand the s p 500 is 13 or 14 above its twoday average. It is looking stretch throughout these different metrics. We can go bass and say, january, february, things tend to follow through to the upside. It felt like this was the week
Tk, welcome back. Tom it is good to be here. It is jobs day. Im ready to go. I had my wheaties. Jonathan is that a serial . Tom it is a cereal. Lisa had fruit loops. Lisa lucky charms. Jonathan they should come with a health warning. Lets talk about amazon and apple. Apple meeting expectations after the close. Amazon is higher by 9 in the premarket, beating a raise from amazon. Evercore taking the price target from 150 to 190. Tom amazon with the pandemic and secondguessing about there is a national crisis, we delivered the boxes, we need to died in and to what we need to do. They did. Baeza went to run the Washington Post and the new guy came in. The new guy is the first real glimpse of postcovid amazon. Jonathan evercore calling this quarter and unlock for the stock. As of the stock needed it given the doubledigit gains we have had so far. Lisa that is the reason why it is bolstering the Overall Index returns even though apple is more soggy and losing is 3 trillion moniker im looking
Rally, hence why we are looking at 5800 level on the china index and puts us back at the start of the year. And tilt coming through. 10year yield at 30. And three cuts. Only three cuts and swaps market and still looking at that. 60,000 level, trading at 57,000 level. That is one watch when it comes to bit coin and ai and no we have the bodes well with the fed and what is markets are listening. And are 7 to 6 to 3. And have we seen a view when it comes to yields. Does it yield . The dots we are showing, a lot of fed speakers coming through on thursday and friday. Speaking of central bankers, starting right now and we will be speaking tomorrow, not wasnt they did anything and probably at the peak and may start cutting rates first half of next year. They may not do anything the first half of and the peak rate was at five points. So, that was a bit of a downward and even though they are hawkish. And had comments they may look at this independently. But there is that side of the market not
Incarceration and overpolicing please welcome kelly stimson, senior legal fellow and Deputy Director in the heritage foundations meese center for legal and judicial studies. Well, welcome to the heritage foundation. For those of you online here in person, then those whove joined us on c, were delighted to have and im really delighted and honored to welcome to heritage two friends and really giant in the criminal Justice Policy world. Dr. Barry latzer on my far left and Rafael Mangual barry is professor Professor Emeritus at the John Jay College criminal justice and at the city college of new york. He has a law degree and a ph. D. And is the author of countless articles, papers and influential books the rise and fall of Violent Crime in america. And his latest book, published last year called the myth of our punishment a defense, the american Justice System and a proposal to reduce incarceration while protecting the public Rafael Mangual is the Nick Odonnell fellow head of research for