Ai. That conversation later. We will push ahead to the earnings out after the bell. Broadcom the latest company to test if this ai rally is a reality. The eus Digital Markets act takes hold today. We will break down the epic battles already raging for apple. Lets check out this market rally we are seeing and ai drives it. We see the mood music trying to decipher the rate of travel for the fed. The nasdaq currently powering on higher. Big test gets the lift. The euro actually higher versus the dollar. The dollar moving as we anticipate rate cuts. Dovish tones seemingly being interpreted from jay powell as we see Christine Lagarde hint to future cuts. The dollar is weaker against most fx payers today. And looking at whats happening in terms of the japanese rally versus the dollar, we have seen the yen up amid signals the boj might move to increase rates, up. 8 versus the dollar. A look at whats happening in the world of a brisk asset of choice on this show, bitcoin a risk asset of choice
But what else we are going to be tracking in the session is the cautious tone thats going to be coming across from the wall street day. Given that as you said it is the countdown to those inflation metrics. The feds preferred inflation gauge. We have australian inflation coming out. And trading volumes have been pretty thin really over the past few sessions as we await those numbers. We are taking a look at the nikkei, unchanged at this point, but of course watching what is close to a psychological level of 40,000 points. Lets change on a look at what wells we are tracking. Korean markets just opening. You are seeing a little bit of positivity coming through but its very modest as well. Not Much Movement coming through either direction. U. S. Futures you can see again fairly steady. We did not have big moves for the broader index overnight. It was those individual movers that came through, some of the big tech for instance. A change of fortunes thereafter some of those names, but more
Katie welcome to Bloomberg Markets and it is a down day for markets, at least if you are looking at equities because the s p 500 off. 5 which does not seem to bad and the nasdaq is down by over 1 . There is some green to be found and no surprise it is in the cryptocurrency space. Bitcoin continuing to surge higher up about 2 at the moment. We are on watch for the alltime high, maybe today is the day. We have some breaking ism data for michael mckee. Michael this is not good news for those looking for a Growth Scenario in the u. S. The ism Services Index falls more than anticipated but at 52 point six after 53. 4 the consensus was from 53. What is interesting is the sub indexes are almost all better. In this case new orders are up to 56. 1 from 55. Production is up to 57 point two from 55. 8. Employment is one of the few that goes down. That is something to keep in mind for friday and it might have an impact on the Market Forecast for what we get on friday. Prices paid, 58 point six dow
Government can make a positive difference in the lives of San Francisco residents so really excited to take a moment to acknowledge and thank all of the folks who make the city run so well. I also like to [applause] i also like to acknowledge and thank our elected officials who are joining us this evening. San Francisco City attorney david chui. [applause] assessor recorder joaquin florez. Treasurer Tax Collector jose is former City Attorney dennis indiscernible and current general manager for sfpuc. [applause] and of course San Francisco very own mayor london breed, please join me in welcoming mayor london breed to the stage. [applause] alright good evening everyone it is so great to be here and after work hours never the less. Drinking in city hall, hanging out with our friends and family, and just taking a moment to pause and reflect on all the extraordinary work that so many of you have done and will continue to do for the city and county of San Francisco. In fact, i know we have s
Eyes. I was deathly afraid. Wnba star Brittney Griner in her first cable interview since her imprisonment in a russian gulag. We talk about the fear, the sham trial, the letter she wrote to Vladimir Putin, how trump turned on her and her joyful homecoming. Welcome to a Special Edition of the reidout. Interest in Womens Basketball is surging thanks to some talents and top rookies like angel reese and caitlin clark, all of whom helped boost the wnba star power as well as draw attention to pay disparities in the league. Not so long ago, the world was fixated on one particular Basketball Star for an incident that occurred far from any american court. Back in february the 2022, Brittney Griner, a wnba all star and twotime olympic Gold Medalist was stopped at a Security Checkpoint at a moscow airport. Officials said they found canisters containing cannabis oil in her luggage. Brittney griner played basketball in russia during her offseason, something many wnba players to supplement their lea