Shopping list ahead of their earnings a lot of earnings next week in that sector. But we begin with that wild week on wall street it all started with a monday market meltdown followed by a turnaround tuesday then more wild swings throughout the week, and in the end stocks closed out the week in the red so are the wild swings here to stay, wild swings, wild things if they are, what, guy, is an investor like me to do first of all, tyler, i hope youre here to say you will be here in the next hour, number one. Wild swings. First, buy the trogs, one of the only things. You remember that . Mitch williams coming out of the bullpen. Excellent point now we are completely off the story. Long story. I believe the volatility is here to say. Im shocked the week wasnt worse but i will say this again. You werent here wednesday, but wednesday was the turnaround day i think everybody was hoping for on tuesday we got it on wednesday if nothing else, i will reiterate this the lows put in on wednesday in
Chipotle is up 3. 5 today. Expect other restaurants to do well. The initiation includes stocks like starbucks. 500 is still down a quarter of 1 . We are getting some diverse action among the major indices with the now stack nasdaq and dow almost down 1 . Lets get to our top story. Lets start with the Central Banks. A massive week for Central Banks. Overseeing the fed is at the nickel of that mountain pinnacle of that mountain. Do you think that this 25 consensus is setting us up for a surprise later this week . It sounds slightly contradictory. We have 25 priced in. If we get to five, do equities fall on the back of that . Is that an opportunity . If we get 50, does it go up . I am wondering what the opportunity for the pale risk scenarios are. It is fascinating. Here is the first stop of a rate cutting cycle we have had since september of 2007. It is very unusual and a rare event. The market prices it to be a rate cutting cycle. The market is pricing 100 basis points out of the next 1
Fired tear gasly and rubber bullets to drive back protesters blocking hong kong streets with roadsides and umbrellas at a protest for democracy in the chinese territory. Demonstrations began last month in opposition to and tradition bill that has since been suspended, but the movement has become a broader push for full democracy. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im Mark Crumpton. This is bloomberg. In his 1 00 in new york, 6 00 in london, 1 00 a. M. In hong kong. I am vonnie quinn, welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories around the world we are following. All eyes on fed chair Jerome Powell as the fomc is poised to cut rates, even as the economy shows signs of strength. Pfizer and mylans drug deal. Theer will combine with generic drug business which could trigger more movement in the pharmaceutical space. The cat is out of the
Crime bill that he helped write. In a speech today, the democratic president ial candidate was expected to call for an end to the disparity that pleased stricter sentencing terms on certain drug offenses. He will also propose an end to the federal death penalty. Several of his rivals have blamed the bill for the mass incarceration of racial minorities. The chinese vice premier that declared martial law before the tournament square crackdown has died. E was 90. Ordered was eventually into the square, which led to the deaths of possibly thousands of people. Global news 24 hours a day, on air and tictoc on twitter, powered by more than 2700 journalists and analysts in more than 120 countries. Im Mark Crumpton. This is bloomberg. It is 1 00 p. M. In new york, im vonnie quinn. Welcome to bloomberg markets. Vonnie from bloomberg World Headquarters committees are the top stories on the bloomberg and from around the world. Trading low, we will speak to and snape is hoping for an earnings beat
Maria good wednesday morning thank you for joining us. I am Maria Bartiromo it is wednesday march 20. Wednesday news 6 00 a. M. On the east coast, the fight in texas deepens federal appeals gives an order the bars texas from arresting anyone entering the country illegally hours after the Supreme Court gave the goahead for the state to enact the law. We have the very latest, markets are searching for direction in their mixed on this fed did the Federal Reserve kick conclude the twoday policy meeting with the press conference 230 eastern we will hear from jay powell some clarity and whether they will cut Interest Rates in june, european markets mixed take a look at the eurozone uk is fighting to 3. 4 level that is lower than expected the bank of england making the Rate Decision tomorrow. Green across the board higher in the asian embassies, the House Oversight holding an open hearing on joe bidens influence peddling a misuse of public office. Hunter biden was invited to testify publicly