Breaking about 7 . This leads us to the pause problem. Data continues to come in strong. Inflation, retail, initial production. From new york, i am alix steel with guy johnson. Welcome to Bloomberg Markets. The Industrial Production beats also. Guy take your pick. Things are strong at the moment. Here is the kicker. The market thought last month a soft landing was going to be a good thing. The market is reappraising the view that a soft landing is a good thing. A soft landing comes with higher rates. The whole idea you can have a soft landing and rates would get cut significantly is enough to appease the market. The market is coming to the conclusion, there i say it, a soft landing may not be a good thing. Alix financial conditions have loosened a bit and that makes the feds job tougher and puts more pressure on jackson hole. Does the narrative need to change this top financial conditions from loosening so much . Guy i think its an interesting one. What does jay powell do a jackson hol
Moments ago. Its negative, but not as bad as earlier this morning the dow remains positive, up 92 points its being held up by United Health care and walmart, which is getting a lot of analyst love ahead of next week tech continues to be under pressure, carl as for the data flow this morning, its really been about two reports investors are focusing on, ppi, comes in a little hot a little it wasnt extreme, but there were some weird factors it like lea pointed out. Then we got the Inflation Expectation from university of michigan and you got a surprise on the oneyear and five to tenyear outlook thats good news for the markets that are rooting for lower inflation. Some reports on ppi and the Financial Management prices. I think one headline is what the stock market gives, the stock market takes away. Kind of a weird meta dynamic. The whole reason was higher stock market lets dig into the weeks Economic Data. Against the back drop of hotter than expected ppi and cooler cpi. Our next guest s
Emerging says one analyst and its not too late to get in on the action he is here with the trade and the upside of this industry. Now a check on the markets the major averages are rebounding, but the chart of the day right now once again goes to new York Community bank corps. Believe it or not. Down more than 40 so far on reports thousand that the bank is seeking a major Capital Infusion from outside. And thats where we are going to start with these green markets, a very deep red picture, and leslie picker has the details on nycb so it appears to be that this would be an Equity Capital raise, and that they reached out to a variety of investment firms. My understanding in talking with a couple of indirect sources over the last few minutes or so is that this is likely a lot of these conversations are more in the private realm opposed to public investors and that they have been going on for quite sometime, because one of my Big Questions was, why is this coming out on a wednesday typicall
It wants first a check on the market the bulls with strong earnings from amazon. The dow near session highs, up nearly 200 points and a release in yields as they pull back from recent highs. Interesting here. Tenyear, we were talking about 24 hours ago at 4. 2, today closer to 4. 1, which is good news the wage growth in there was a touch hot, but you take into account the work week actually shrunk and the total payout was lower than expected. And our bob pisani was talking about this as a g goldilocks number. Looking for inflation data in the coming days. Meantime with payrolls missing expectations, the u. S. Economy did add about 187,000 jobs in the past month only 2,000 more than the revised june number. And the smallest increase since december of 2020 our next guest says to focus on the long run keep a close eye on dividends this earnings season and also look to fixed income given the bond yields. Joining us schwab asset manager omarin omar. We saw a little normal sensation of the l
Shortages . In. If i heard i think there are many questions embedded in there. Lets take one at a time. We put in place a policy to allow safe, nutritious formula to come into the country to make sure parents could find product on store shelves during the period of the national shortage. We had certain labelling requirements and they are primarily for things like safety. For example, a baby that has a cows milk aller by the were leaving this here you can watch it in its entirety if you go to our website. Live now to capitol hill where Veterans Affairs Department Officials will testify in their efforts to upgrade technology and improve Financial Management at the v. A. Live coverage here on c span. Good afternoon, the subcommittee will come to order. Were here today to review the vas progress in the transformational Business Program or fmbt. Its the vas third attempt to modernize the aging inadd watt financial and accounting systems. Material witnesses and deficiencies for decades. At t