Jonathan lets get you to the weekend. Live from new york city, good morning, good morning from our audience worldwide, we are closing out the week and heading towards the weekend, looking for four weeks of gains on the s p 500 with a sprinkle of fed speak. Kashkari, daily, and for the really committed, sunday at chairman powell commencement speech. Lisa im sure everyone around this table is very committed and some are double dipping this week. Yesterday, fed speak was kind of the same, higher for longer to gain confidence. I want to bring you to raphael bostic. If things dont go that way, im not locked into policy but if they go that way, he could see a cut by the end of the year. Annmarie i love how that is the most dovish thing you can get, but this week has shown us that there is a difference between relief and surprise. The data that we got was relieved. Surprised was the First Quarter. This week was relief, the market maybe starts to see buying and it backs off with fed speakers w
John any moment now the white house has had to hold a briefing as the Supreme Court comes under fire yet again. Hello i am john roberts in washington, sander we are almost to the weekend. Sandra all right friday it is an sandra smith in new york and this is america reports. The New York Times published a photo taken in 2021 about upside down American Flag hanging outside the home of Justice Alito. A symbol with Donald Trumps false claims of election fraud. John Justice Alito denies having any involvement with the flying of the flag he told the New York Times his wife on the flag in response to signs in a neighbors yard and the maid already taking aim at the ability. We see Dysfunction Congress and now in the Supreme Court. Its unsettling its gross. Justice alito has become increasingly unembarrassed about displaying himself as a partisan come as consumer of partisan natives and media and in ruling in ways that is just kind of out loud all caps disdainful. It shows how politicized the c
Forecast for profit. That is coming up in just a bit. Im Katie Greifeld. He markets at the moment, quiet at alltime highs. We broke to the levels on both the s p 500 and nasdaq 100 yesterday, still hovering around there. Taking a bit of a breather. The s p 500 only up by. 1 . The same story at the nasdaq 100, the big tech benchmark currently higher by. 1 . When you are at an alltime high, maybe it is not worth complaining. In the bond market, a little bit of a selloff. Yields on the 10 year currently higher by three basis points but well below where we were with the 10 year currently trading at 4. 36 . Lets get back to earnings. Sales at walmart surging as wealthy shoppers flock to the retailer. The company posting First Quarter sales growth along with a better than expected full year outlook. Consumers getting staples or big purchases. Is this a trade it down that we are seeing a boost in walmart . Yes, it is. It has been one of the big fisheries when the surge we had. Consumer being
Above the 40 thousand dollar mark. 2 10 of 1 higher in volatility nice and low. Down to a 12 handle on the vix. Seeing individual movers drive indices higher. Especially retailers after walmart reported strong earnings and reiterated its full year outlook. Walmart is adding a record high and onbase and on pace for its record game. Target, dollar tree, Dollar General facing moves higher of almost 3 or more. Looking at treasuries, the 10 year yield has been falling back to near its lowest level in month. Even with a couple basis points higher today, you are seeing the 10 year back above 450. Earlier this month back below for 4437 on the day. We are going to discuss this with Loomis Sayles Vice President and Portfolio Manager andrea. When you look at these rapid moves in the bond market, do you trust what you are seeing at the longer end of the curve . What we sell take place in april was more of a parallel shift across the curve. Front end being driven by the repricing of pricing out som
Host welcome to bloomberg daybreak australia. We are counting down to asias major market opens. The top stories this hour. Asia sat for a lower open after wall street fades at the close. The dow jones retreating from the 40,000 level. Host jamie dimon sounding on alarm when it comes to lingering Inflationary Forces telling us the chances for a hard landing are higher than markets thank. Host and a busy friday in china with highlevel talks on the property sector. A third sale of special bonds and april Economic Data that may show a modest improvement. Host we do have south korean jobs crossing the bloomberg. We see the Unemployment Rate for april sticking to two point 8 . The expectations from economists were two point 8 and it is unchanged from the previous month. We were expecting potentially more of a softness. Up to 2. 9 percent. We did see level force participation increasing. But the jobless rate levels around this level are below the postpandemic average of 3. 3 . Bloomberg econo