At 4 00 though sometimes go into extra innings but at least we got some sports, it happens to be in the form of a stock market had sports gamblers descend because they have Nothing Better to do, nothing else to do. Does that explain the action today when the dow gained 131 points and s p claimed nasdaq jumped but be careful, there were late day reversals or just investors pouring money into the same members of the new high list based on a winners win philosophy maybe driven by foreign buyers honestly, at this point it could be all three and the problem with these constituent sees is they make things more dangerous for the rest of us how do i know this i made it up no let me first, i did some first class work by my friend david, the master of research at goldman sachs. In his mustread u. S. Weekly kick start, he talks about how Foreign Investors with largest net buyers of u. S. Stocks in the First Quarter and notes that there is a surge in retail trading. Retail meaning like regular peo
Sonali welcome to bloomberg markets. Lets look at the markets quickly. We have a lot of red on the screen. We have the s p 500 now down about one half of 1 . The nasdaq 100 is seeing bigger can kleins. The russell 2000 even more than that. Its now down about 1. 5 on the day, quickening its losses and thats on the back of higher yields. The twoyear yield just flying higher. Its above 4. 67 on the day. Thats a three basis point move. You have to remember how far weve come. We will dive into the Economic Data we had this morning that is driving the yields higher. Michael mckee joins us now to bring us up mike mike to date. This is a nerd indicator. Business inventories are just out at the moment. Its not a really good number. 0. 0 after a 0. 3 increase the month before. That is down from 0. 4 . It suggests the u. S. Is not building inventories as much as people might have thought. There was a feeling that because gdp has shown inventories declining for the last months that we would see fa
We have you covered. Ed starship goes further and faster, spacex loses the vessel during reentry. An unprecedented technology breakthrough. Caroline we get to check in on the tech earnings and sit down with the ceo and push ahead to results up with the belt. Lets check in on how these markets are performing. We are flat on the nasdaq and the benchmarks more broadly. This is a day when we focus in on economic data. Keep an eye on 10year gilts come at one point pushing up 10 basis points. 4. 28 . Why are costs rising . Some of that data showed hot inflationary pressures. Also a lackluster economy more broadly looking at retail sales. All of this darling back expectations for a bit cut to becoming as soon as june or july. We keep an eye on what is happening in europe and we have dovish sentiment from members of the ecb. The u. S. Dollar is rising above all of the g10 Currency Pairs with the euro is lower because of the dovish tongue. Have a look at what is happening with bitcoin, we pair
I dont think any member of the Police Department is moving with the speed force of action needed to get our fighters what they need. We established that the security is integer on rapidly embracing new technology,. From a platform centric combat to networkcentric. There doesnt seem to be any as formidable. This is not only to hear about your plans for the coming fiscal year but gorsuch understand the obstacles and barriers that you have encountered on a daytoday basis. As i have said before in this room. You can almost copy and paste the speech. We are going to kill the valley of death. The same people have the same conferences and then it does not get any better. Why it seems to this committee that the implementation of policy the directives on ai from your bosses we deftly made a little progress. The department of defenses achieve information officer. And the director of the Defense Systems agency and the commanders join forces for the primitive defense network. He is set to depart h
I dont think any member of the Police Department is moving with the speed force of action needed to get our fighters what they need. We established that the security is integer on rapidly embracing new technology,. From a platform centric combat to networkcentric. There doesnt seem to be any as formidable. This is not only to hear about your plans for the coming fiscal year but gorsuch understand the obstacles and barriers that you have encountered on a daytoday basis. As i have said before in this room. You can almost copy and paste the speech. We are going to kill the valley of death. The same people have the same conferences and then it does not get any better. Why it seems to this committee that the implementation of policy the directives on ai from your bosses we deftly made a little progress. The department of defenses achieve information officer. And the director of the Defense Systems agency and the commanders join forces for the primitive defense network. He is set to depart h