Good morning for our audience worldwide, this is bloomberg surveillance. Your equity market is facing a little bit of trouble in the last couple of days. The bond market selloff continues. The 10 year yield is close to 420 three days into q2 and we are looking at 440. Lisa and stocks are suddenly waking up to this. We were down 0. 7 which is the worst loss going back a few weeks and it highlights how few losses we have had at a time when everything seems to melt up. Jonathan chairman powell is addressing the economy and the market later this afternoon. With Precious Metals, gold is pulling back from alltime highs, silver had a five day streak up 0. 7 . The question is the commitment to get inflation back to 2 . Annmarie the fed has never cut rates when the economy is this good never mind inflation and you look at commodities and you see inflation uptick across the board. Bank of america this morning up to their calls on brent w ti. And when everyone says the fed will cut in june, they
I didnt see that. But i did see the spacex rocket. And would that go over Southern California . That was wild. Oh wow. Ive never seen that in person before. And it was. Everyone was like, what is happening . Look, good morning. On this wednesday, april 3rd. Yes. Happy youre back, friend. Thank you. Nice to see all of you. You too. You brought colder weather. Thank you for that. I appreciate that you brought the showers. So well stay cool today. And the rain is back here tomorrow. Heres a live look from our rooftop camera at kgo showing you its breezy out there. You can see the flags atop the piers. They are waving. Youll notice this afternoon that just cooler air is moving in here ahead of showers that do return to the forecast starting tomorrow. Right now were sitting in the mid 40s to the mid 50s to get you out the door. It is chilly right now. You see a lot of low cloud cover, a nice bright moon out there. So well have a lot of morning clouds early on. Brighter skies do prevail as w
Bloomberg daybreak europe. Im lizzy burden in europe. Taiwan is hit by its biggest earthquake in 25 years, toppling buildings and disrupting chip manufacturing. At least four people have died. Stocks slide on fears of a slower pace of rate reductions from the Federal Reserve following more strong data on the u. S. Economy. Mary daly says she believes there will be three cuts this year. I think that is a reasonable baseline but i would like to say, this is a projection, three rate cuts is a projection. That is not a promise. Lizzy President Biden in xi speak for the First Time Since november, the white house saying the sale of tiktok was on the agenda. Good morning, we will bring you the latest on the taiwan earthquake, the worst in 25 years. First, lets get to the Market Reaction to the latest u. S. Economic data. We have plenty of that this week. Good news for the economy has proved bad news for markets. It fueled more speculation the fed will be in no rush to cut Interest Rates, and
Christian values. Get this bible. Pray. Its my favorite book. Bible, bible, bible, bible, bible, bible, bible, bible, bible. Announcer its the late show with Stephen Colbert tonight. Easter dummy. And matt damon takes the Colbert Questionert. Plus, stephen welcomes Hannah Waddingham. Featuring louis cato and the late show band. And now, live on tape from the ed sullivan theater in new york city, its Stephen Colbert [cheers and applause] stephen thank you. Beautiful. Welcome one and all to the late show. I am your host, Stephen Colbert. [cheering] i hope that everyone out there. I hope everybody over there, everybody out there had a good easter weekend. Church, ham, jellybeans. Mine was basically lowkey. All i did was moderate a recordbreaking fundraiser with bill clinton, barack obama, and joe biden [cheering] no biggie. It was the most president ial power in one place since those four guys posed for mount rushmore. It was an honor to be a part of the evening. We had a wideranging and
Tom and john are both on a cruise together. I am joined by manus cranny and damien suss our. Manus you will get a lot of guys side notes. Where do you want to go for defense . Lets go long with amazon. I think the street has 65 vibrating and one hold rating. Lisa i was looking at some of the flows and there was the biggest inflow into tech stocks for the past week in the past eight weeks. It feels like i the dip underpinning everything. Maybe this excuse to sell everything yes its geopolitical. Manus when we came in here on monday morning we ratcheted by 15 basis points. Look at the shorts on treasuries and they are building again with open interest bond treasuries. They are rebuilding short positions. Damien rate differentials are the name of the game. We have a lot of Central Banks meetings coming up, we have malaysia, norway. In emerging markets theyve been in front of the fed on cutting rates. Lisa they have been ahead of the developed world banks. We will get the pce figure. How m