This is bloomberg surveillance. Alltime highs in the s p 500 with the three day winning streak, 20 fourth record close so far for 2024 and the main event is coming right up, 2 trillion market cap. There is only one name, nvidia. Lisa the most important Macro Economic event, one of the most important events on the calendar thats where we are at with one name, one company can dictate the Macro Economic backdrop for an entire market and thats today. Jonathan raising the bar once again going into the numbers later this afternoon. Barclays raising their price target, expecting a beat and a raise. Annmarie its not about if they beat expectations but its by how much. The bar continues to increase for nvidia that they need to clear. To avoid a selloff, they have to be estimates by 15 . Jonathan its about target or tarjee. Lisa its the upper crust of that kind of store which maybe they want to get away from. Jonathan up 2. 5 in the premarket. We will get Price Reductions on 5000 goods. I imagin
Inflation had markets wondering what comes next. What comes next is the cpi at 8 30. Crude oil prices are slightly higher. Up. 80 . Now to the latest headlines in israel. The minister of energy and infrastructure saying overnight the siege of gaza will not be lifted until the hostages taken by hamas are returned home. In the meantime, u. S. Secretary of state blinken arrived in tel aviv today. He is meeting with Prime Minister benjamin netanyahu. The Palestinian Organization posted on x that blinken will meet with abbas tomorrow. That is coming up tomorrow and the expectation is any invasion of gaza will not happen while blinken is there. That is in the next sixtoeight hours. White house officials saying they arie leaving open the possibility of refreezing the 6 billion after the prisoner swap with the support of hamas attacks on saturday. U. S. Spy agencies have obtained intelligence that shows iranian leaders were surprised by the attack. A second source describing intelligence that
Live on tv and radio. Your bond market reopens stateside with the powerful rally on the 10 year yield. 4. 66. Tom lets see how it comes off as a flight to quality as a general statement. Think we have to let it play out. The news flow from israel is minute by minute literally. Jonathan this is a treasury market that missed out on the haven flows yesterday. And you have to throw in the fed speak which started with your interview with mary daly and letting the bond market do the work for them. Then the rally starts. Lisa i wonder if that will lead them to reverse some of their stance. Is this less of a haven trade type of a bid and more of a response to fed officials signaling that maybe they are done. That really is maybe the confused soon confusion in the tea leaves. Tom i think they are going to wait to see what ppi is. When is cpi wednesday or thursday . But the answer of ppi is possibly more important. Jonathan the update on israel, the latest from Prime Minister Benjamin Netanyahu
For all the stocks. Looking at where the aussie dollar is, 65. 7 two cents. when it comes to ethics. The yen holding steady. Brent crude is just shy of 84. The energy names across asia, concerns continue to weigh on the demand side for oil looking like we are setting up for the weakest week in Oil Prices Since february as u. S. Inventories way and i miss concerns about opec policy of maintaining their stance, impacting these concerns about supply and demand in the market, belle. Annabelle yes, and also we have at the start of trading for korea, as we come online this morning. Japan is shut for the public holiday. We are posting gains at the open. A bit of curry on one strand. The dollar having its weakest session overnight a bit of strength for the korean won. What is playing into the theme for korean equities and was can play into the sea is that apple numbers. Lets look at how the some of those supplier stocks are coming online this morning. We saw the jump in late trade in apples a
Dianne feinstein what we know about californias latest senator, coming up. The deal was done with no time to spare, but what comes next breaking down the short and longterm effects of this weekends government funding agreement. Bills, bills, bills. Student loan payments are back on after a longterm hiatus to the concern of millions of americans. How these borrowers are reacting to the return. Give me liberty or give me the aces where the semifinal done the stage set for the ultimate showdown in Womens Basketball we preview the upcoming wnba finals matchup and graveyard smash as hollywood rises from the dead, some studio workers are getting a head start using their film set expertise to create the scariest haunted maze in l. A it is monday, october 2nd. Early today starts right now good morning. Im jessica layton. Glad you can be with us im Frances Rivera breaking overnight, Laphonza Butler will be the next senator from the state of California Governor Gavin Newsom announced late sunday