Better than the second. We expect the previous segment to grow double digits. Matt welcome to bloomberg surveillance lets check in on the markets this morning. It is a good day, not just because it is friday, though i guess it is good if you are long stocks. The broader European Index is up more than. 5 . Crude oil gaining more than 1 . S p futures are up as well, indicating a positive open at the u. S. Start. Coming up, we speak to the president of a General Motors, dont miss that interview at 3 30 p. M. London time. Probably thenveils most revolutionary corvette since the c1. Last night in l. A. , they unveiled the see eight chordate c8 corvette. Lets get to the bloomberg first word news. China speaking on the phone. This is the second time since the two sides called a truce. There are no details on what the trade team discussed. President donald trump reiterated he could impose additional tariffs on chinese goods, if he wants. Quote very close. Steve mnuchin describes a deal on the
Weak in the session. Joining us is josh brown welcome back. Good to be here are you also in celebration mode after jay powell . Im also in celebration mode. We got all but a promise of a rate cut i think in july. Theyre going to do it. I said earlier, he foamed the runway for what ithink the market knew he was going to do the thing is, i dont think its necessary, but i also dont think its harmful a 25 basis point rate cut most likely, the best example of Something Like this, that i can think of from recent history is 1995 you had a new alltime high in the stock market the day they did the cut, but it was a single cut. And a lot of the reason for that, they had done a surprise rate hike in 1994, which kind of crushed the bond market, people were shocked i think what the 1995 single cut was about was taking some of the pressure off from that, maybe also like a mea culpa, we didnt need to do that that maybe thats what this is most like, and it would be likely we make a new stock market hi
Investor, or better client i do it with a spectacular team of people headed by any executive producer regina whos ha been with me since inception. With dozen of fabulous people responsible for everything from all the look and feel of the show to the research, we have a team that helps me with memos that back up the research. And we have a head writer who is really our only writer, has been our only writer since inception, when he was a freshman in high school, cliff mason. My sister nan and her husband todds son, my never yu. My show after years and year has become a labor of love weve been doing it to so darn long, we take it for grant what had we do. Im going to change that, im going to correct 2 iit tonight i want to talk to you about the show, its evolution, and how you can use it or worst miss use it. There is so much we throw at you that you might not be able to use it as effectively as we would like i know this because i talk to enough people about the show and interact with eno
Of course, there is an etf tracking these critical minerals. Whether you embrace or reject etfs, they are an early indicator for bigger shifts in market sentiment. Lets get the latest on inflows from Eric Balchunas. One week later, things have changed completely. Eric thank you. I call it what a difference the fed makes. We look at one week flows, and it paints a really dreary picture. Retail investors have mostly held strong and not taken the bait in terms of selling out, but the last couple of days, they have rushed into safe haven etfs. Look at the amount of treasury etfs here in all durations. A out of the 10 top flows of the week were treasuries. And gold was and there, right . Lets see how that compares to the past 50 weeks or so. Q4 was crazy, we are getting to that point. A lot of it is treasuries again. A little gold here. And this was only two days. If the fed had not stepped in and reassured markets, we could be up at q4 levels, but they did, and all is well at least for now
Charles payne, this is making money. Breaking right now, everyones bullish, everyone loves jay powell all of sudden so what can go wrong . Weve got both sides of the story. Meanwhile tesla struggling to stay magnificent. Guess what . We got a special guest who visited their factory. She says this company is the future. Buy the dips. She will tell you why. Dont miss my takeaway on the Biden Administration war on corporate profits. I have the real story on inflation. The shocking economic consequences of crime in america. It was on the feds beige book yesterday. Were going to dive into that as well. All that and so much more on making money. Charles all right, so i realize we started talking about the rally baton that this latest wave the narrative centers on Artificial Intelligence and all the benefits a. I. Will bring forward, right . But make no mistake, folks, the rally baton is expected to make its way back to the Federal Reserve at some point and the assumption of greater accommoda