Is another one of those mornings where it is hard for me to even construct a narrative. Disney is down, so is netflix. That can change, but there is a lot that is up, especially among the large cap tech names that are higher yeah, on the back of that jobs report, the number is quite good, but 40 of the gains came from the leisure and hospitality sectors. Its a big day for ipos. L lemonade is going public today the indication looks like that price could double on the opening. It is priced at 29 a share it looks to be between 50 and 52. That could be another good shot in the arm for the ipo market. Refreshing lemonade ipo, nice in a is where we will begin talking about the markets this morning. Lets bring in David Rosenberg good morning. Good morning. David, you have called this the no reason no rhyme market. But after this action that were seeing this morning, does today at least make sense . Look, i think the stock market is going to price in a lot of things including a vshaped recover
Target is looking to shut stores. Costco said its not a major problem. President biden urges uaw workers to stick with the strike while elon musk says the demands are a sure way to bankrupt the big three. We will get to costco in a minute. Lets start with the markets looking to rebound from yesterdays selloff. Jim, you have said this morning be careful, dont bite too soon. Thank you. Because you come in, now i have to tell you that when i was watching Frank Holland this morning, looked like we were about to have a breakout, then we go back down. What i want people to understand is october is a good month. I can understand you trying to position, but i also am more worried that Interest Rates, which did not go higher on the durable goods, the Interest Rates could reverse, and, david, i dont care what month were going into. This market, as weve indicated is really about Interest Rates. Its not about, as much as people might want to say, its not about earnings. The earnings we have had th
The idea of a soft landing. Sticking to his guns. First up, on the markets, the s p has gone negative. We started out higher, but lost the gains pretty early here in the session. Down 0. 1 on the nasdaq. The s p holding up a little bit better. Groups like industrials and Education Services are all up, materials too, but its utilities, health care, financials, Consumer Discretionary and staples that are weighing in. Its kind of a mixed picture on the nasdaq, too. Because costco and amd are helping on one side, but apple is weak again and amazon is under pressure as well. So is microsoft and tesla. Got a little dicey here in the last few moments. A few days away from a new month of trading. The question on a lot of investors mind is whether the low we saw this month will carry deeper into the fall. Our next guest says feds higher for longer messaging will remain difficult for the markets to digest, but he does see reason for optimism on the horizon. Joining us this morning, yungyu ma. Pe
All right. Simple question. Youve got one minute. I want you to redesign the u. S. Healthcare system from ground up. Up. What does it look like . So what we would do, and discipline were trying to with the healthy cities and counties challenge. We would understand the demography disease, burden, social and economic patterns of a community. We would sit okay, what does the system need to be like to support that . Central kentucky some of the highest opioid addiction and america. Were handing out narcan. If we understand that demography and the Disease Burden and we can design a system that works for that community and then to live it to the community in the most efficient way possible. Thats the investment. Outstanding investment and then finance it. We will save money. If you think about that from the context of how we revolutionized the system, right now our governments model on healthcare at a federal level and a statelevel is not big enough and not robust enough to manage the econom
Negotiations. Mark he pushed back at the suggestion that he should release cash now. Make thee will not demonstration point. The syrian foreign minister today accused the coalition of wreaking discretion distraction while sparing the islamic state. Washington aims to destroy syrias economy and drag the were out. He said he would like to focus on a political settlement in syria. Rick snyder is standing by his the when in congress he learned of a fatal out rick despite a new disclosure by a senior aide who says weeks earlier the when he learned of a fatal out nearls before them including 12 deaths when the city was using the flint river water in 2014 and 2015. A spokesman said the governor was under oath and stands by what he says. I am Mark Crumpton. This is bloomberg. I am julie shapley. I am joe weisenthal. A touch softer. Joe the question is, what did you miss . Quite the claims it will be a huge tax windfall. New normal of weak inflation. Policymakers expressing concern, leading to