Night, stopping such a coward. As the indicted front runner backed down from the debate, guess which candidate has a bait plan to defend him onstage. California faces its first ever Tropical Storm watch in the history of the state, as a catastrophic effects of Climate Change range on. All in starts right now. Good evening from new york, im chris hayes. The Department Of Justice is requesting severe penalties for five members of the farright gang, the proud boys, convicted on some of the most serious charges weve seen in connection with the january 6th attack on the capitol. Not to be clear, this is the second group of Violent Conspirators in the Capitol Attack that the doj has successfully prosecuted. Over the past year, prosecutors secured convictions of six members of another group, the oath keepers. On the rare and serious crime of Seditious Conspiracy. The groups founder and leader, Elmer Stewart rhodes the third, the guy there, you see there. Hes now serving an 18year prison sente
Good morning, good morning. This is bloomberg surveillance. Your equity market of the s p positive. 5 . Upside surprise on cpi, upside surprise on ppi arguably pushing back rate calls even more. Bank of america talking about goldy shops saying we have gone from goldilocks to stagflation. Lisa right now it is hard to see stagflation priced in. We have gotten two straight hot inflation reads at the same time retail sales are causing concern it may be the consumer getting too stretched. Jonathan it has been weird when you think about the equity market reaction. We were down about one third of 1 on the s p 500 yesterday on hot ppi. Even that we have had the reaction in bond yields up equities have been pretty steady. Lisa ultimately if the fed cuts rates more because of this idea of stagflation, the idea of weaker growth, that will be positive for equities. A resilient economy will be positive for equities. If it is stagflation shock that will be a massive problem. A lot of people are not
Good morning, this is bloomberg daybreak europe. I am Tom Mackenzie in london. It began in focus has japanese stocks of the most among some growing speculation the bank of japan will raise rates, it investors look ahead to u. S. Investor data tomorrow. U. S. President joe biden towards israel against invading the city of rafah, calling it a redline as ceasefire talks remained deadlocked. Aramcos 31 billion dollars gift, the Worlds Biggest Oil exporter ramps up its Quarterly Dividend despite loyal oil prices to plug a budget deficit. A bit of profit across the nasdaq on friday. We had jobs data, Unemployment Rate ticking up to 3. 9 , but broadly the jobs picture looking at a relatively resilient in the u. S. European stocks ended friday at a press record. European stocks pointing to losses of. 5 of 1 . The data focus is the inflation print out of the u. S. On tuesday. It is worth noting inflation out of china managed to take up in a recent reading suggesting the inflationary funk is sta
Your equity market right now, totally unchanged on the s p 500. If youre worried about the dates are, do not report it. If youre worried about the market, then sell a depreciate latest news out of china, we have seen these headlines before. Chinese authorities ask you Investment Funds to avoid being net seller of equities. If you do not trade to come if you did not report it, then it is not happen and the answer is at least around the world, especially given the data they have been reporting consistently has been worse than expected so then i guess, in absence of it, people think it is gotten better. Jonathan expectations on wall street around growth on china has changed. Jp morgan had a forecast growth of gdp a 6. 4 this year. This been cut to 4. 8 percent, four handle for a six handle in a number of months. Lisa there are signs peoples bank of china are starting to respond but it is not clear what they can do to generate confidence. I want to go back to the idea that they are not rep
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