Good morning and welcome back to bloomberg daybreak europe. I am kriti gupta in london. Tension simmer in the israelhamas war as President Bidens visit fails to win over arab leaders. The area signaling full backing when it comes to israel. The u. K. Prime minister begins his middle east war today as well. A selloff is underway in asian equities. Turmoil in the middle east combined with hawkish comments from the new york fed chief pressuring sentiment across the board. We will dive into the details. Earnings season is underway. Tesla reporting on earnings miss as elon musk dials back growth expectations. On the other hand, netflix soaring after hours in the u. S. Session following a pretty big boost to. Subscriber numbers we will hit the major european numbers as well throughout the hour. Theres a lot of crosscurrents to really kind of work our way throughout. I want to start with the broader picture and talk about futures trading. Risk sentiment is sour over in asia. Its not exactly g
Halftime trade alert from bill baruch he does join us because he has bought crowdstrike why did you do that . Good to have you on. Tell us about this trade and why you decided now is the right time thanks for having me on we know crowdstrike had a big reaction after the Earnings Report earlier this year, and then it sold off pretty well we stayed away from traditional Cyber Security over the last year, and really missed a name like this in the bull market in 2023 not saying we have quite a bit of exposure in names like nvidia and others, but one of the reasons why i stayed away from traditional Cyber Security was a fear that the hyper scalers were going to roll out a really Competitive Edge in the securities space and useers that were already on their platforms would begin adopting such. Anecdotally, i had a conversation with dan ives earlier this year in february and addsked him how he feels abu it theres nobody better to ask his response to me was, ive been getting that question ever
Public comment at this meeting after closed session. We have no closed session today. There is a opportunity to comment on each discussion or actionetum on the agenda. Each comment is limited to two minutes. Public comment will be taking both in person and remotely by callin. For each item, the board will take Public Comment from those attending the meeting in person and then those remotely. Comments are opportunities to speak during the Public Comment period are available via phone by calling 4156550001 access code, 26620891628 and and again. When connected you will hear the meeting discussion but be muted and listening mode only. When your item of interest comes up, press star 3 to be added to the speaker line. Best practice are call from a quite location, speak clearly and slowly and turn down your tv or radio. Please note the city policies along with federal state and local law prohibit discriminatory or harassing conduct against City Employees and others during Public Meetings and
Have no closed session today. There is a opportunity to comment on each discussion or actionetum on the agenda. Each comment is limited to two minutes. Public comment will be taking both in person and remotely by callin. For each item, the board will take Public Comment from those attending the meeting in person and then those remotely. Comments are opportunities to speak during the Public Comment period are available via phone by calling 4156550001 access code, 26620891628 and and again. When connected you will hear the meeting discussion but be muted and listening mode only. When your item of interest comes up, press star 3 to be added to the speaker line. Best practice are call from a quite location, speak clearly and slowly and turn down your tv or radio. Please note the city policies along with federal state and local law prohibit discriminatory or harassing conduct against City Employees and others during Public Meetings and will not be tolerated. Moreover, Public Comment is perm
Five barrier. Uk gdp revised higher for the first and Second Quarters with the countrys stats office boosting the first and Second Quarter stronger for germany and france. And the senate tries to fast track shortterm Spending Plans before the potential Government Shutdown on sunday. House speaker Kevin Mccarthy tells cnbc theres still time. The fund raising trail and lets get together and we have been able to do it before when we sat down. We can solve this problem. This is an actual opportunity to put the country on a better path. And sportswear plays get a boost as u. S. Giant nike tops First Quarter profit forecasts with higher prices offsetting cost pressures. Tgif. Lets get a check of how markets are trading. There is a lot of green behind me. Bit of a surprise given how difficult the trading conditions have been for the month of september. The stoxx 600 was down 2 for the month and today were up up. 90 . We are recovering half of the losses for september. The Investment Community