Breaking right now, stocks in rally mode, right . A little bit of a sigh of relief with this latest inflation read. The gdp number was such a shock. Er. Listen, this market still has a whole lot of unanswered questions, and still we dont know what the fed is going to do. Its hard for them to cut based on this week. Meanwhile, investors are cheering earnings from alphabet and microsoft, both pretty strong. But was the message if really about a. I. . Maybe the life span theres a lot longer than we thought. And President Biden trying to do his best Winston Churchill impression. Unfortunately, his aim is defight americas capitalism. Ill explain that and so much for more on making money. Charles all right, so my first guest says the reaction to the initial read on First Quarter gdp was a little overdone but points out that a higher rates are a risk to equities. I want to bring in chief investment officer, Founding Partner jack, ablin. Jack, i think the good news from this gdp, its because o
An additional 25 trapped mosquitoes have tested negative since the three in miami beach were found. Global news, 24 hours a day. Im mark crumpton, this is bloomberg. Bloomberg west is next. Emily im emily chang, this is bloomberg west. Another blow for elon musk, the second spacex rocket explodes in just over a year this time also a blow for facebooks mark zuckerberg, well tell you why. Facebook continues its expansion of live video onto its messenger platform. Well hear if the cocreator turned competitor of Facebook Live. And could pairing up with centex with an answer to better profits. But first our lead. 5 Spacex Falcon 9 rocket xploded on the launch pad in Cape Canaveral today. It occurred in routine preparations for an upcoming launch this saturday. In a statement they said there was an anomaly on the pad and the pad was clear and there were no injury. The falcon 9 in this accident was supposed to carry an Israeli Communications satellite into orbit that, too, was lost in the bla
Nationals arent lifted. During talks in ankara e. U. Representatives urged turkey to amend the countrys antiterrorism laws so the e. U. Can lift the restrictions. A key incentive to stopping migrants crossing the aegean sea. The turkish Prime Minister says thats not an option. Florida Officials Say they found the zika virus and three trapped mosquitoes in miami beach. Thats the first time its happened in the continental United States. An additional 95 trapped mosquitoes have tested negative since the three in miami beach were found. Global news 24 hours a day, powered by more than 2,600 journalists and analysts and over 120 countries. Im mark crumpton. This is bloomberg. Bloomberg west is next. Emily im emily chang. And this is bloomberg west. Coming up another blow for elon musk. The second spacex rocket explodes in just over a year. And this time its also a blow for Facebooks Mark Zuckerberg and well tell you why. Facebook continues its expansion of live video onto its messenger plat
PRNewswire Mumbai Maharashtra [India] May 31 Federal Bank a prominent private sector bank in India announced a Bancassurance tie-up with Tata AIA Life Insurance Co Ltd one of India leading life insurance companies This strategic alliance aims to provide Federal Bank customers access to Tata AIA Life comprehensive insurance product suite Federal Bank has an extensive network which will enable Tata AIA to further strengthen its footprint Both the entities focus on technology enabled consumer centric business model adding to the synergies of the partnership For Federal Bank customers the partnership will enable them to benefit from Tata AIA diverse consumer centric life insurance solutions including term insurance savings and wealth creation plans retirement and pension solutions etc Further they can avail Tata AIA innovative plans such as Param Rakshak that offer triple benefits of high life cover market linked returns and health wellness benefits The solutions are backed by Tata AIA emp
Tata Capital, Tata Autocomp Systems, Tata Passenger Electric Mobility, BigBasket, Tata Digital, Tata Electronics, Tata Housing and Tata Batteries are among the list of companies being primed to tap the capital markets. The group has been aggressively looking to scale up in new-age sectors such as digital, retail, semiconductors and electric vehicle batteries, among others.