The u. S. Is doing relatively well. The u. S. Is simply in a better place. The economy has continued to grow. Yes, gdp was higher, but the devil is in the details. You have to strip out all of the noise of trade and inventories. Inventories and trade, that is not indicative of the underlying economy. Underlying demand was weak. Business investment, pce cooled. The u. S. Economy is decelerating. Definitely a deceleration from where we were last year. Nowhere close to recession. Jonathan joining me around the table is matt hornbeck, greg staples, and from london, ian steely. Ian, lets begin with what must be the most hated 3 rate of gdp 3 read of gdp in america in recent memory. Why . You say it is the most hated, we have stocks up, treasuries up, but everyone seems to like it on the markets side. It is one of those, you beat expectations, but the mix of it was not great. It shows what people have been saying, we are in the slow trend like growth environment, which is good for all assets
Economy. The underlying economy is doing well. The u. S. Is not doing poorly. The u. S. Is doing relatively well. It looks reasonably stable. The u. S. Is simply in a better place. The economy has continued to grow. Yes, gdp was higher, but the devil is in the details. You have to strip out all of the noise of trade and inventories. If it is inventories and trade, that is not indicative of the underlying economy. The underlying demand was weak. Business investment, pce cooled. The u. S. Economy is decelerating. Definitely a deceleration from where we were last year. But, you know, nowhere close to recession. Jonathan joining me around the table is matt hornbeck, greg staples, and from london, iain steely. Iain, lets begin with what must be the most hated 3 read of gdp in america in recent memory. Why . Iain you say it is the most hated, but we have stocks up, treasuries up. Everyone seemed to like it on the markets side. It is one of those, you beat expectations, but the mix of it was
Infrastructure last weeks powerful cyclone. Half a Million People lost their homes. 35 were killed. The cyclone packing winds of 127 miles per hour. The strongest storm to hit the country in 20 years. Officials say they want the repairs completed before the beginning of monsoon season. Global news 24 hours a day, onair, and tictoc on twitter, powered by more than 2700 journalists and analysts in over 120 countries. Im mark crumpton. This is bloomberg. It is 1 00 in new york, 6 00 in london, 1 00 in hong kong. Im vonnie quinn. Welcome to bloomberg markets. From bloomberg World Headquarters in new york, here are the top stories on the bloomberg and around the world we are going. President trump threatens chinesed tariffs on goods into the bureau tweets, changing the tone in the markets. Harvard university is doubling down on investments that have fallen out of favor, hedge funds. We have that story. Honeywell making a big bet on logistics. Seems to be paying off so far. All that in the n
Great gdp, great low inflation. Better fundamentals. The underlying economy is doing well. The u. S. Is doing relatively well. It looks reasonably stable. The u. S. Is simply in a better place. The economy has continued to grow. Yes, gdp was higher, but the devil is in the details. You have to strip out all of the noise of trade and inventories. If it is inventories and trade, that is not indicative of the underlying economy. The underlying demand was weak. Business investment, pce cooled. The u. S. Economy is decelerating. Definitely a deceleration from where we were last year. But, you know, nowhere close to recession. Jonathan joining me around the table is matt hornbeck, greg staples, and from london, ian steely. Ian, lets begin with what must be the most hated 3 read of gdp in america in recent memory. Why . You say it is the most hated, but we have stocks up, treasuries up. Everyone seemed to like it on the markets side. It is one of those, you beat expectations, but the mix of i
The u. S. Is not doing poorly. The u. S. Is doing relatively well. It looks reasonably stable. The u. S. Is simply in a better place. The economy had continued to grow. Yes, gdp was higher, but the devil is in the details. You have to strip out the noise. Sift through all of the noise of trade and inventories. If it is inventories and trade, that is not indicative of the underlying economy. The underlying demand was weak. Business investment, pce cooled. The u. S. Economy is decelerating. Definitely a deceleration from where we were last year. But, you know, nowhere close to recession. Jonathan joining me around the table here in new york matt hornbach, global head of Interest Rate strategy at Morgan Stanley. Greg staples, dws investment mangement fixed income cohead. And joining us from london, iain stealey, international cio of Global Fixed Income at jp morgan asset management. Iain, lets begin with what is must be the most hated 3 read of gdp in america in recent memory. Why . Iain