For equities you got stocks trading heavy bank of america says Fund Managers are overweight. Tech the most since 2021. Is there even cash left to buy any dip here from new york, im alex deal with my cohost in london, guy johnson. Welcome to bloomberg markets. Not as intense as it was a few hours ago, but were definitely seeing a strong up risk off kind of move within the market. Diy and holding up those are two things you never want to hear in the same sentence because it really does. To be honest, im just talking about from personal experience. The consumer thing i think is fascinating. Look at what is happening. You got strong wage data out of the uk, youve got marks and spencer, a stalwart of the british high street, coming out and announcing really strong results on your side of the pond. Home depot back to the to the diy thing. The numbers look good. Yeah. Structurally, i think theres a long term positive story, but what but a couple of things. I mean, one, gasoline prices are qui
improve under johnson, who has several conflicting comments on whether he is defunding the city of police. we know the city of chicago rebuked this call to defund this bit. this system of incarceration and policing, this is real political gold. i never said we ll take money from police. the 150 million was not redirecting the funds from police? directing dollars to make sure we hire and promote 200 more detectiveses, to make sure we are implements laws on the books like red flag laws, i never said i would cut the police budget. ashley: here is lauren with more. new chicago mayor brandon johnson will be sworn into a job with no small task, figure out how to stop crime? his city and learn to work with police and his constituents even though he was part of calls to defund police. he says his policies go after root causes of crime. chicago police report murder is slightly down from this time last year, but still in the hundreds and motor vehicle thefts up 130%. just y
Hackers are threatening to meet the new pirates of the caribbean film to hit theaters this friday. They say they want a ransom that disney will not pay up your latest developments coming out. For blogger to put to some good support. Big news today. Shares are up on the news. Plus we are keeping an eye on retail today. Home depot earnings didnt expect to be a bright spot for the sector. Earnings and revenue to rise from year ago in home depot shares at 157 in change. The fast food giant taking how big your way to a whole new level with the latest menu of offerings. Well have the details. Maria nasdaq and s p 500 coming off of record highs. Down industrial south, s p 500 down to five. Nasdaq up fractionally. In your Upcoming European indices this morning. Mixed performance theirs as well. Ft 100 a pop of 1 . Cac quarante up almost half of 1 . Japans nikkei average is up a quarter of a percent of the shanghai of three quarters of a percentage sign it. Stories coming out this morning. A bi
Saying that it didnt expect the fed to tighten. You could see it, it rallied in the brief oneweek period where it seemed like maybe theyd tighten and raise expectations to 40 . After that crummy unemployment number gold rallied again saying theyre not. Today is interesting to me because its rallying along with the safe havens. I dont think its telling us this is any global panic. What it is telling us it not ohm fits in with the weak dollar trade it also fits in with the safe haven trade. Ive been on this all year and pretty harrowing times for a while but i like it now. This is jim says jack a kind of riskoff trade not an inflation protection trade. There aint no inflation out there. How do you see gold . What is it telling you . Tyler, there say big, red flag with whats going on in gold and people need to heed that warning. Its telling you theres been a loss of confidence in central banks. It really started a few months ago and its been creeping and one of the reasons why especially
The hang sentence by 0. 75 . And hang seng slightly weaker. Right now, things are flat, relatively flat across the board. Youre looking at the dax, barely budged. The cac is slightly higher, wti was up for the second day in a row weve seen a gain of 7 over the last couple of sessions. Going back to 48. 96. These currency traders better know what theyre doing. That better indicate theyre going to stay. They better know what theyre doing. Right. But still, the polls are pretty even still. Betting markets they bet that it breaks first day. When People Get Ready to do it, they think, oh, my god, what am i they get too nervous. They say theyre going to be leaving and they dont. Obviously, the pound is hitting at 1. 47 this morning. George soros, the financier who has made a ton of money the last time it collapsed. His warning you could see the pound go to almost 30 if there is a brexit vote. Lets go to wilfred who is watching what is said on all of this, wilfred frost joins us right now fro