I am Katie Greifeld in new york welcome to Bloomberg Markets on this friday. You take a look at where the s p 500 stands in trading. Its a red day so far. You can see the s p 500 off about. 6 , slightly worse if you take a look at big tech. The nasdaq 100 off by about. 9 . All the while you can see the volatility rising a little bit if you take a look at the vix. Of course, still at pretty depressed levels, under 15 but getting closer and closer. Im thrilled to say we have a great guest on these markets. We are joined by rob arnott, Research Affiliates founder. Good to see you. Rob good to see you. Katie lets talk about nvidia because you warned in september you saw a big market delusion in nvidia. It was a great company, he wrote, but christ beyond profession perfection but christ beyond if it was perfection that it was priced for then, what now . Rob beyond perfection. Rather than singling out a single stock, its interesting to note that back in 2018, we developed a definition for th
Stuart the die is cast, biden versus trump eight months from now. Polls show trump leads in key battleground states. The president campaigns in wisconsin today, and all eyes will be on his every move. The democrats thought they hit a home run with the state of the union message, but polls show a large majority believes his performance raised fears about his age. Same with robert hurs appearance before congress. Democrats say the dock wriewments probe is case closed. They tried to say biden had been exonerated. Hur denies that and says that word never if appeared in his report. Quickly to the markets, and yet again bitcoin is the standout. Its broken above 73,000. The halving comes next month when the supply of bitcoin is restricted. Supply down, demand up. The price goes up too. 72,900 right now. Solid rally for stocks tuesday. The s p hit another high. Relative calm. So far today. If the dow up mabley 30 maybe by 30, s p up 2. Nasdaq had a iewj rally yesterday. Interest rates moved up
Problem. Sea levels are rising but new data shows the ground is also sinking. Why is that happening and how fast is a potential impact . First lets get a check on the markets. The dow industrial barely hanging on to the green, the s p 500 in the red, down fractionally, but nasdaq composite off by a third of a . Chips have been the hottest area of the market lately but also pulling back a little bit down almost 2 at 1. 6 . Down about 4 . For more on whether markets stand after a strong recent run lets bring in mike from the new york stock exchange. The market keep it up . I think you might expect down actually about 12 from friday morning, that may be you wouldve thought the market wouldve had a harder time handling that. In fact, the market that was pretty overheated over four months, last week was only the third down week in the last 18 or 19. The cooling off is happening in an orderly and relatively painless way because it is happening through rotation and a broadening of the market.
10 00 oclock eastern any moment the house is going to start voting on a bill that would ban the use of tiktok in america is expected to pass with bipartisan support, were following it and will bring you the results as soon as it comes in. Lets get to the money not that much price action where the dow up 90 and the nasdaq and big tech 100 points, the ten year treasury has been going up saturday the nasdaq, 418, earlier in the week close to 4 earlier. The price of oil approaching 80 a barrel 79. 78, oil stock is doing well and bitcoin had to stand out of the market this far and 70000, about 73000 earlier, thats a market if you wouldnt know the extent from the Terror Threat, look no further than europe, theyre giving us, in 2152 iranian agents arrived in sweden, they were part of the wave of migrants arriving from the mideast they were asleep or sell, they were planning to murder three jewish leaders one who moved to israel and the other move massive security forever. In december, germany
Stuart put on the screen i dont know the song if i turned back time. Is that a reference to the president s age or my age im not sure which that the beautiful looking white house, sunshine and wendy, 10 00 oclock eastern, lets get to the money we are down on wall street down 100 points of the dow, down 86 on the nasdaq red ink on the monday morning the ten year treasury has gone back up its 4. 08 earlier it was 403. The price of oil retreating from 80 a barrel down to 77 and bitcoin, 71600 as we speak, and had been 72000 acre market, now this. The president has changed his tune and now calls for a ceasefire in gaza, why the change, domestic politics there is a sizable chunk of the Democrat Party which opposes support for israel and promotes the interest of hamas, ceasefire is very much to hamas advantage, ceasefire stopped israel from finishing the job of eradicating the people who butchered 1200 israelis. In the democrat primary uncommitted writings captured enough votes to get the wh