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Transcripts For BLOOMBERG Bloomberg Markets 20240622

2007, down as you can see there 8.5% for the shanghai composite. everything else was pretty much read across the board. while prices are now in a bear slump. they are in a bear market. particular for brent crude, which is rebounding if you look at the six month chart. bathroom we offer a moment. pimm: what are we talking about? $40 a barrel for crude? commodities tend to follow. brent crude is $53. gold, while a little increased, that is not biting well for gold. thus boding well for gold. let us take a look at the bond market. a little bit of a change there . below that crucial 3%. take a look at the two week trend of the u.s. 10-year. prices go higher. let us look at how the u.s. dollar is performing. 11115 against the euro. the pound sterling basically unchanged. we take a look the spot index and it is up 30% in the lack six months. that is the dollar strengthened let us take a look at the top stories at this hour. investors worldwide are wondering how far the damage could

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Transcripts For BLOOMBERG Bloomberg West 20240622

first to our lead another wild ride on wall street. this one with a good ending, stocks rallying the most since 2011. i want to get straight to matt miller in new york. matt, when it comes to tech, the fab five all up. but talk to me about volume into his buying. if you look, for example, at the first six gainers, only exxon is a non-tech name. all those you mentioned plus microsoft, apple, google, facebook, amazon. the buyers here were people who believe that we have put in a bottom, if they are not daytraders. with such incredible drop over the last seven days, we have seen the dow erase 2000 points. it takes a while to put in a bottom. technicians will tell you after a drop like that over such a not period of time it s necessarily fully in today but maybe this is the inflection point, and the buyers believe the u.s. economy can withstand it, the chinese economy is stabilizing, and that commodity rises may have bottomed. emily: matt miller in new york, thanks so much. i

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Transcripts For BLOOMBERG Bloomberg West 20240622

first to our lead another wild ride on wall street, this one with a good ending, stocks rallying the most since 2011. i want to get straight to matt miller in new york. matt, when it comes to tech, the fab five all up. but talk to me about volume into his buying. matt: if you look, for example, at the first six gainers, only exxon is a non-tech name. all those you mentioned plus microsoft, apple, google, facebook, amazon. the buyers here were people who believe that we have put in a bottom, if they are not daytraders. with such incredible drop over the last seven days, we have seen the dow erase 2000 points. it takes a while to put in a bottom. technicians will tell you after a drop like that over such a long period of time it s not necessarily fully in today but maybe this is the inflection point, and the buyers believe the u.s. economy can withstand it, the chinese economy is stabilizing, and that commodity rises may have bottomed. emily: matt miller in new york, thanks

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