Bloomberg Markets: Americas 08/09/2023
Alix Steel and Guy Johnson bring you the news you need to know and trends you need to watch as US markets get into the trading day. (Source: Bloomberg) #press
Disney Profit Exceeds Expectations on Cost Cutting
Walt Disney Co. reported third-quarter earnings that exceeded analysts’ expectations, benefiting from cost cutting and a narrower loss in its streaming TV business. Geetha Ranganathan breaks down the numbers on "Bloomberg Markets: The Close." (Source: Bloomberg) #press
Stock Traders Shun Risk in Run-Up to Key CPI Test: Markets Wrap
A slide in big tech and higher energy prices weighed on Wall Street sentiment ahead of inflation data that will help shape the outlook for the Federal Reserve’s next steps. #press
Citadel Securities Boosts Fixed-Income Presence With New Bond Trade
Ken Griffin’s market-making giant is poised to offer trades in zero-coupon Treasuries, as it ramps up its presence in the world’s largest fixed-income industry. #press
McDonald’s Kicks Off Bond Sale Ahead of Upcoming Maturities
McDonald’s Corp. sold bonds to repay debt ahead of a batch of maturities due next year. #press
Pensions Eye Private Assets to Hedge Against Stubborn Inflation
Inflation is far from tamed despite hopes of a global easing, according to the investment chiefs of two Australian pension funds looking to private assets for protection. #press
Japan Traders Bet End to Negative Rates Near
The Bank of Japan’s looser grip on its benchmark 10-year yields has traders betting that the central bank will end the world’s last negative interest rate policy in as little as eight months. Taro Kimura reports on Bloomberg Television. (Source: Bloomberg) #press
Pensions Eye Private Assets to Hedge Against Stubborn Inflation
Inflation is far from tamed despite hopes of a global easing, according to the investment chiefs of two Australian pension funds looking to private assets for protection. #press
Bitcoin Isn't Going Away, Says David Rubenstein
Carlyle Group Co-Founder and Co-CEO David Rubenstein says Bitcoin isn't going away. But he says lawmakers are going to keep taking a very close look at it. Rubenstein also talks about BlackRock's effort to launch a spot Bitcoin ETF. He is on "Bloomberg Surveillance." (Source: Bloomberg) #press
Oil Rises as Russia-Ukraine Escalation Threatens Supply Turmoil
Oil rose after Ukrainian President Volodymyr Zelenskiy said his country would retaliate if Russia continues to block Ukrainian ports. #press
Meloni’s Italian Populism Puts Investors, China on Notice
Giorgia Meloni’s economic policy has just taken a sharply populist turn, launching an assault on bank profits and vying to tighten its grip over corporate Italy. #press
Ueda’s YCC Tweak Fuels Bets That End to Negative Rates Is Near
The Bank of Japan’s looser grip on benchmark 10-year yields is starting to shake up the outlook for short-term borrowing costs, with swaps traders betting that the central bank will end the world’s last negative interest rate policy in as little as eight months. #press
Inflation Is Cooling, But Prices Are High and Americans Feel It
For all the talk that US inflation is cooling, it sure doesn’t feel like anything is getting cheaper. That’s because most things aren’t. #press
KKR Scoops Up Auto Loan Portfolio as Regional Banks Shed Assets
Private equity giant KKR & Co. has purchased a portfolio of prime auto loans from Georgia-based Synovus Financial Corp., as US regional lenders continue to sell assets to shore up capital. #press
Bloomberg Markets 08/08/2023
Matt Miller and BNN Bloomberg's Jon Erlichman get a read on the $42 billion US Treasury auction; Moody's downgrading 10 US banks; and EV earnings. Plus, Restaurant Brands CEO Josh Kobza explains why the company's sales were nearly double Wall Street's estimates. (Source: Bloomberg) #press
https://www.bloomberg.com/news/videos/2023-08-08/bloomberg-markets-08-08-2023?utm_source=press.coop
Bitcoin Isn't Going Away, Says David Rubenstein
Carlyle Group Co-Founder and Co-CEO David Rubenstein says Bitcoin isn't going away. But he says lawmakers are going to keep taking a very close look at it. Rubenstein also talks about BlackRock's effort to launch a spot Bitcoin ETF. He is on "Bloomberg Surveillance." (Source: Bloomberg) #press
Wall Street WhatsApp, Texting Fines Exceed $2.5 Billion
Wells Fargo & Co. and BNP Paribas SA are among firms that will pay hundreds of millions of dollars in penalties for employees using unofficial communications like WhatsApp, personal texts or email to conduct business — the latest in US regulators’ crackdown on Wall Street’s failure to keep... #press
Disinflation Spreads in Emerging Markets and Selloff Deepens
A selloff in emerging markets accelerated Tuesday after data releases from China to Hungary underscored the price nations are paying for disinflation: a deeper slowdown in economic growth than initially expected. #press
Instant Pot Maker Gets $30 Million of Fresh Bankruptcy Financing
Instant Brands, maker of the Instant Pot pressure cooker and Pyrex glassware, received court approval on Tuesday to borrow an additional $30 million to fund itself through bankruptcy. #press
Inflation Is Cooling, But Prices Are High and Americans Feel It
For all the talk that US inflation is cooling, it sure doesn’t feel like anything is getting cheaper. That’s because most things aren’t. #press