Surveillance with jonathan ferro, Lisa Abramowicz and annmarie hordern. Jonathan its like the weekend never happened. Monday morning this is what everyone is feeling. Horrendous. Lisa theres no reason to do daylight savings prayed its improvement to be incorrect and does not have any Energy Savings prayed people want the romance of a long winter, summer vacations, long summer evenings and barbecues. Jonathan you knew out of everything this a be the one thing the wind you up. Not markets, not cpi. Lisa dont you feel the same . Jonathan lets get your week started. Good morning, good morning. You futures negative by. 1 on the s p 500 braided good news is good news. How about no news is good news. Last week was a no news week. The absence of blowout numbers last week i think that is where its at. Lisa it should be good news and it was good news for the bond market prayed is a good news for the duration of a stock market rally thats showing some signs of maybe the leadership getting tired a
Live from new york city, good morning. What a week ahead. Nobody earnings two days away. Coming into monday nvidia earnings two days away. We are picking up on the sent of capitulation at Morgan Stanley. Mike wilson has a new year end price target, 5400. The old price target, 4500. A wider range of outcomes and opportunities. Lisa he talked about the fact it is getting harder and harder to have any broad assumption where the market is headed. A lot of analysts have been head fake by a lot of different cycles that are overlapping and prolonging this recovery. Annmarie Jonathan Mike wilson will catch up with us tomorrow morning. That follows Deutsche Bank lifting the 2024 forecast. Looking for 5500 year end. Annmarie i think the biggest data point we will get this week that will decide the direction in the short term is going to be nvidia. Going back to Morgan Stanley, macro outcomes have been in, increasingly difficult to predict as data has become more volatile. That is the theme on th
For our audience worldwide, this is bloomberg surveillance. Alongside tom keene and Lisa Abramowicz, im jonathan ferro. The s p is positive by 0. 2 . It felt like we were on the brink of a full Ground Invasion all we can. Tom im using the Live Services of all the different news sites and it just migrates forward, waiting. Waiting for what . You could see the politicians. I think the most interesting, jacking near to keep their options open. Jonathan we intended to follow this war through the weekend. Rockets fired at tel aviv and some in israel as well. Back channel talks between the United States and iran. Lisa there is a feeling of a frantic diplomatic relation, the idea of iran, who does not have any formal relation with the u. S. Having back channel talks, also having back channel talks in some capacity with israel. Nobody wants this to percolate out of control. And yet the pressure keeps building and no one can come to any resolution at a time where there are hostages, strikes and
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
percentage point or two. you see that reflected in s&p futures, up about 1% on the day. not much going on in the treasury market. as a lot ofclines folks unwind some of those haven bids. take a look at what is going on yuan, a little bit stronger than that key seven level. pre-much everything rebounding as the sentiment shifts to a slightly more positive tone than what we had just a couple of days ago. exchangefor the global sonali: first we have some news coming in. we have phillips missing estimates, falling $0.04 short of what analysts were looking for. conocophillips here, keeping their dividend steady. shares before market rising a little bit still. we were looking for them to have results better than their peers. all of the oil companies have had a rough quarter. romaine: we are seeing that capex spending coming in pre-much in line with what analysts were much ing in pretty line with what analysts were expecting. some encouraging signs off of what is kind of a bad e