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BBCNEWS BBC News July 11, 2024

Donald trump says he has told his team to co operate with the transition to a joe biden presidency, after the agency which oversees the process ruled that it could formally begin. The General Services administration will now release funds to mr biden, and his officials will receive security briefings. This is how mr trumps acceptance came, in a tweet that says its in the best interests of the United States for his team to co operate with protocols. Joe biden has unsurprisingly welcomed the decision, saying todays decision is a needed step to begin tackling the challenges facing our nation, including getting the pandemic under control and our economy back on track. In the days ahead, Transition Officials will begin meeting with federal officials to discuss the pandemic response, have a full account of our
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BLOOMBERG Bloomberg Surveillance July 12, 2024

Moves down again. Tom im looking for an entry point here. Purves ofael tallbacken make a separation of the equity activity we saw yesterday from bonds, and particularly from fx. Kit juckes said the same thing as well. This is very discrete to the equity markets yesterday. See it with the vix in almost two points some hour or so ago. Some improvement there. Jon i would agree with that. The japanese yen did nothing in the last 24 hours. Treasuries did nothing in the last 24 hours. The question we have to ask, is it just an equity event, or does it raise really serious questions about folio construction from here on . Lisa especially given the fact that people are talking about the death of the 60 40 portfolio. What will act as a hedge if you get a risk off move . This was a nero selloff just as the rally was a narrow rally, as there seems to be a blowing off afteram, a reevaluation things got pretty heady given the is more backdrop of Ec ....

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BLOOMBERG Whatd You Miss July 12, 2024

Exists, goes. Meeting,he big fed take a look at the 10 year we are down to 58 basis points, going back with that handle. Earlier in march when the 10 year dipped below 50, a strategist said, i am no longer writing about the 10 year because it is nonsense at this point. I push this story forward to see what the fed has to say about this. Caroline lets push it forward to next week and get jonathans perspective. How are you looking at a week where we headed bloomberg . Next week, we get big earnings. Where are the areas of the market that are unloved that could be opportunities . Jonathan if you look at one area that is interesting, it is going to be the financials. If the economy is better, if we get a vaccine earlier, it is going to be that group that is going to either continue to anchor the market lower or if this does relieved to the upside , that is a group that could do better and there is a disparity between credit spreads, which are saying, no one is defaulting on a loan, everyth ....

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BLOOMBERG Bloomberg Surveillance July 12, 2024

Published in scranton, pennsylvania. Always a tough coal mining economy there. Scranton, pennsylvania at 15 , but you know it is much higher. Normal, andre near willech will it directly address this American Labor economy. Sequentialespite the month on month improvement we have seen, we expect to see some elevated jobless claims again in around 90 minutes. One of the main things people are looking at is the continuing claims, which are expected to tick lower, a good thing, but not that much lower. We will get those numbers at 11 30 a. M. A lot of people parsing the numbers under that, in terms of people getting relaid off after getting rehired. The u. S. Is also selling 30 year bonds. Yesterday, the auction of 10 year notes came with a record low yield of 0. 65 sent. Interesting to see whether the demand will be there for even longer dated bonds amid a deepening deficit. Heading to his childhood home near scranton, pennsylvania. I ....

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BLOOMBERG Bloomberg July 4, 2024

Abramowicz i am jonathan ferro. Lisa abramowicz actually going to 731 lexington avenue and just making it in time. Good thing Brian Moynihan does not join for another 60 minutes. Lisa really, that is how we are going to start . I was prepared to be here early. Jonathan you want to trade . This will fill out for the next two or three hours. Brian moynihan will join us in 60 minutes. We want to start with the price action. We begin with dollar yen. Something truly historic just happened, something since not since 2007. The japanese yen is weaker even though weve just seen the first Interest Rate hike in 17 years. Lisa on one hand people were expecting this. Some of the rhetoric out of the central bank was not hawkish. They were indicating they were not prepared to hike again. That is why this currency pair is dead in the water. I do not understand this. This is what everyone was ....

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