Anticipating a reacceleration in inflation. Im just happy tightening is over. The economy is on a cooling path but it is a gradual path. This is bloomberg surveillance with jonathan ferro, lisa abramowicz, and annmarie hordern. Jonathan the most important hour of this morning begins right now. Good morning, good morning. Your equity market on the s p 500 positive one third of 1 . 30 minutes away from ppi, jobless claims, and retail sales. Lisa will it change anything . Ultimately i want to see if the market cares. How much people start to realize theres something greater under the hood then we are pricing in. Jonathan they can have a conversation about a Balance Sheet doing something about qt. The risk event for a lot of economists is whether those three cuts implied by the median dot drops down to two. Which would track the market in the direction the market did not want to go. Lisa and if jay powell does not sound as rosy about everything, it may be is concerned financial conditions
Joins us live. The dominate the ev market is not all bad news for u. S. Auto stocks and theres one name that may benefit from it. Youre looking at the chart there and well reveal that coming up. Dom chu with the numbers and its all about nvidia these days, dom. Its helping us drive two of the major indices to record levels so far today. The market is mixed, but marginally so, you can see the dow is slightly flat and slightly lower in the session and ill put a couple of stars out there today because earlier today the Dow Jones Industrial average hit a record intraday high and the nasdaq composite also hit a record intraday high and the tech heavy index and the nasdaq at 16,818 is at session highs and i will point out the broader s p 500 is onethird of 1 and 22 just about flat at the lows of the session and we came in less than woin point on the basis of 5300 of getting a new record intraday and keep an eye on the record levels for the s p, the dow and the nasdaq composite. Two other pla
League baseball. The world series coming down to game 7 had to be. Were going to talk to christopher maddog arusso about the finale power lunch starts right now if all that laid doubt was not enough, will the fed stop this incredible market rally or keep the easy money flowing. It is flowing now. A new month, mostly same trend the dow hitting record high. See the nasdaq turn low earlier. It was up. Some of your individual movers today, estee lauder about 10 . Company did cut its forecast and garmin up about 5 investors taking a big bite out of papa johns pizza that stock down 10 after lowering its guidance. Papa johns saying the nfl and its leadership hurt the company by not resolving the protest taking place people watching the game and people ordering pizza. President trump speaking a short while ago as he gets ready for his big overseas trip to asia. Tax reform and the next fed chief is among his topics. Thats right. This came in a Cabinet Meeting the president held today we believe
First, to our lead, President Trump has announced the United States will withdraw from the paris climate pact, and that he will seek to renegotiate the International Agreement in a way that treats American Workers better. Pres. Trump i am willing to immediately work with Democratic Leaders to either negotiate our way back into paris under the terms that are fair to the United States and its workers, or to negotiate a new deal that protects our country and its taxpayers. Emily the Tech Industry has already responded to trumps announcement. Tesla ceo elon musk announcing his departure from the president s council with a tweet saying, i am departing the president ial council. Climate change is real. Leaving paris is not good for america or the world. We spoke to Colleen Regan from the Bloomberg Energy finance team and David Kirkpatrick about the impact of this decision. David the gap between President Trump and Silicon Valley is a grand canyon at this point, but i think what is more inter
First, to our lead, President Trump has announced the United States will withdraw from the paris climate pact, and that he will seek to renegotiate the International Agreement in a way that treats American Workers better. Pres. Trump i am willing to immediately work with Democratic Leaders to either negotiate our way back into paris under the terms that are fair to the United States and its workers, or to negotiate a new deal that protects our country and its taxpayers. Emily the Tech Industry has already responded to trumps announcement. Tesla ceo elon musk announcing his departure from the president s council with a tweet saying, i am departing the president ial council. Climate change is real. Leaving paris is not good for america or the world. We spoke to Colleen Regan from the Bloomberg Energy finance team and David Kirkpatrick about the impact of this decision. David the gap between President Trump and Silicon Valley is a grand canyon at this point, but i think what is more inter