Ever. Really big deal. Welcome to bloomberg daybreak. Happy monday after the super bowl. Alix did you watch . Bed. i have to go to i thought it was one of the best, most exciting games. Alix what was the best part . David the end of first half when they hiked it back. In therew it to foles touchdown. Alix what happened to tom brady . David he will come back. He is a great player. Game. As not his best he played really well. 505 passing game. Alix in the market we are looking at a selloff continuing. Dow jones futures are up 223 points. S p futures tried to climb to positive territory and now we back we are down yields unchanged but 2. 84 is where we are on the 10year yield. Cruise gets hit again, down. 6 . Broadcom is raising its operative to qualcomm. Supporting a market that just keeps getting hammered. David there just wasnt enough money and they managed to get it. Well talk more about that. It is time for the morning brief. Jerome powell takes the old draghi meetsmario right now it
We have the markets on the move. We also have some pmi figures. Euro area january services pmi rising to 58. That was a little more than the preliminary 57. 6. Eurodollar, 1. 2462. Europe seems to be powering ahead. Stoxx europe 600, down some 3. 8 . We saw that big selloff in asia. It is all about Global Market angst because of rising inflation. Today is the day that jay powell takes over from janet yellen. It will be interesting to see what he makes of some of this. Yield, 2. 31. Year we have an allstar guest lineup for you today. Mark wilson of of eva, the largest insurer, joins us shortly. We also have to yield, 2. 31. Look at the future of advertising. We also talk about the French Economy with maurice levy of trackis, and we will treasuries and the selloff with john normand. Lets get to the bloomberg first word news. Nejra in america, janet yellen has said u. S. Stocks and commercial real estate prices are elevated. She made the comments to cbs sunday morning tv show in an interv
They raise awareness of todays critical issues. If you turn on the news to check twitter youll see theres no conversation were timely than tonights discussion gender equity in fostering work environments where everyone has the opportunity to thrive. I have been with bank of the west for over 35 years. Its fair to say i see many changes in the Financial Services industry. One shift is increased role of Women Leaders and banking. Bank of the west ceo was named to one of the most powerful women in banking by the american banker. Other executives are head of small and medium enterprises, or general counsel and are head of community have been named as influencers in their areas of specialty. In our Parent Company is committed to gender equity and half of the Board Members are women. Im proud to represent a company that supports a culture of respect for all of its employees. One focused on ideas and business so we do its right for our customers and community. Its my hope the conversations we
Tech help to drive some of the , a lot of investors will be watching inflation. It is a chart that were quite there with. The pce which is the most some of piece of data the fed watchers out there say the jay powell might indicate what the fed can tolerate inflation above 2 . And it is a position also held by the minneapolis fed president s neel kashkari. There is a collision course between what was he on the fiscal side of things as well. Address the Spending Plans from the white house. And it is increasingly likely that we will speak about it. What would that overshooting inflation. Queen of the Market Reaction was pretty positive to all the headlines today. The s p up over 1 , the dow adding on another. Nasdaq also higher by over 1 . Volume a little bit lower than what was expected. Stockith some of the big stories today. We had some big stories. Ge was one of them in at the ceo came out and said that there might be liabilities for some of the subprime that the company used to be in
Apple considers radical expansion plans for the iphone, three new devices with a big new tablet for mobile. , 00 a. M. Across the emirates 12 00 p. M. In hong kong. Embraer of the Global Financial markets embraer i am yousef gamal eldin. Over 3000 delegates expected at the Global Financial form. We have some big interviews throughout the day. As to to give you a tease who will be involved. We will speak to the ceo of one bankny and the central governor of the uae. The list is long. I want to shift to the realtime Market Action. An Asian Session that makes the u. S. Handoff a positive one, u. S. Stocks at a four we cai. Week high, so Investors Holding their breath. The nikkei is punching on come gains in terms of automakers and banks. Quite a bit of pressure on chinese stocks, really the standout on the gmm. In the fx space, the bloomberg dollar index looking for direction. I want to show you other key asset classes. Wti will be in focus. We will be looking ahead to u. S. Inventories. A