And Goldman Sachs and hotter retail sales. Were also seeing higher bond ye yield. Our roadmap is going to begin with a slew of corporate results. Goldman and bofa. Lockheed martin says it expects to grow sales this year. Retail sales coming in much stronger than expected. The tenyear is rising and stocks are on track for what looks to be a lower open, about 29 minutes from now. Changes at news corp. Or perhaps liking what it means as an investment. Starboards jeff smith will join me live this hour from the active passive conference which we cover every year. We start with bank of america and Goldman Sachs, above what most analysts had been anticipating. Bofa seems to be the out dealer performer, although we havent opened as of yet. Coming through with their share of concerns as well, whether it be with goldman in terms of the continued drag the consumer has on the business even though its such a small percentage overall or bank of americas Balance Sheet which weve talked about many tim
It slashed its Sales Forecast for its Covid Vaccine and therapies late on friday. Shares not going to be down ahead of the open. Watching apple. Reports of disappointing iphone sales in china. Lets begin with the new week for the market. Its going to have something for everybody. Were going to be on the lookout for geopolitical headlines. Earnings season will heat up. The fed speak calendar, sara, is insane. Its heavy. Theres a lot of them. Whats interesting is that fed speak has moved from hawkish to dovish now for the markets because increasingly, youve got a number of these fed speakers saying, were okay waiting and seeing the impact of our higher rates. Theyre not expressing any kind of alarm or panic over the fact that Inflation Numbers have come a little bit firmer. Cpi last week was firmer. Expectations in the university of Michigan Sentiment number on friday were a little bit firmer, and the data overall has continued to not point to recession, but it does feel like the groupth
Britains watchdog gives the green light. Boeing is the biggest drag on the dow, expanding this probe of the production defect on the max. Lets begin with the banks, jim. Overall, not just the beats, some of the commentary about Investment Banking, efficiency ratios look good. Its funny because obviously this group came in as cold as ive ever seen it. What a change from even earlier this week when pepsi came in hot and then rolls over. I mention that because that was the first big quarter. These quarters, when you listen to them, you forget how much money they can make in this environment. And then you start thinking, you know what . These things are seven, eight, nine, ten times earnings. Theyre trading like steel mills, and theyre really filled with a lot of smart people who are doing a lot of good things who show you they can make a lot of money without underwriting, without m a. Theres going to be a revaluation here, recognizing this group had become really went to the bottom of the
And Lisa Abramowicz. Jonathan this is bloomberg surveillance, on tv and radio, alongside tom keene and Lisa Abramowiczs Annmarie Hordern. The s p 500 is negative by 0. 3 . Under surveillance this morning. Boston fed president Susan Collins saying the rise of longterm yields surprising tightening financial conditions and persists which reduces the need for further Monetary Policy tightening in the near term. That is where our focus begins. Lisa a what we saw yesterday in the market did not have to do with fed speak with an auction that did not work well. There is a question of whether the fed has lost control of the narrative. Then speakers can keep coming out. We heard from Patrick Harker today. They have lost control of the market is what sign around with what they perceived to be inflation. Jonathan it is easy to blame inflation but they came in soft. Annmarie they will point the hands at congress for a number of reasons because they dont have a speaker. When you look at what the Con
Saturday. Israels death toll risen 1200 from the am has attacks, terrorist attacks there. Later in the hour well speak to ahmad talking about the never ending human cost of conflict in the war and region of the world. Meanwhile the stock market remains resilient. Well talk later in the show about potential buy signals. Thats right, this market could be on the verge of a major breakout. It has been a huge week already with the aftermath of the jobs report. We got nfib this morning. Big news on inflation comes tomorrow and rest of the week. The fed is holding to two piss market. John lonski will help us handicap the cpi and ppi report. Interesting comments from the fed. They may be ready to blink. All that and more on making money. All right, as i said President Biden set to provide remarks on the war on israel at any moment now. Well take them live and well discuss all aspects of it, the human toll, the military conflict, where it goes from here. Well also talk about the stock market an