US stocks managed to enter a bull market in early June, with the S&P 500 index up 20 percent from its low in October even as recession fears loomed.
Here’s why strategists say the gains may continue in the second half of 2023. Scarlet Fu has more
I feel icky watching
#squidgame
, yet I can’t turn away. Why does the show resonate so much? Why does Skorea depict our unequal world so effectively? We’ll discuss on
@Quicktake
w/
@UCIrvine
prof/film scholar Kyung Hyun Kim.
H/t to for his Insta grid
Once a taboo topic in the workplace, employees are now sharing their pay information openly in the hopes of getting raises for themselves — and their colleagues.
But some companies are pushing back.
@scarletfu
explains
I am heartbroken that we’ve lost
@ScottMinerd
. He was an original thinker, a generous soul and most of all, the kindest of men in an often ruthless industry. I will miss him dearly.
Congrats to
@BettyWLiu
on her new adventure at the
@NYSE
— so thrilled for her! Our time as colleagues may have come to an end, but i suspect people confusing us for each other won’t. Good luck!!
The
@NWHL
and NBC are making history this year with a partnership to televise women’s pro-hockey live in the U.S. for the 1st time.
Commissioner Ty Tumminia shares how the deal came to life
Bad news is bad news today. Inflation is rising faster than expected + more ppl are filing for jobless benefits than expected = Fed will need to keep raising interest rates by large amounts quickly ➡️ stocks fall, bonds fall (yields spike), dollar climbs. Happy Thursday everyone
Julie patiently walked me thru the mechanics of ad-libbing your way thru market hits and breaking news. She is a gem and i will miss her. Good luck, Jules!
Years of low rates have helped homeowners -- a record 48.1% of mortgaged homes are equity rich (meaning, owners had at least 50% in home equity). This is going to limit price declines as the housing market cools. Watch:
Almost 60,000 home sales fell apart in June, as rising mortgage rates made homes more expensive and pushed some buyers to walk away from deals.
@scarletfu
has more👇
how did everyone get this so wrong?!
@business
gathered 77 estimates; they ranged from 130k to 320k. The reported number of 517k was 61% higher than the highest estimate.
Morning commute to work: I’m on the local train and we make a stop where a ton of ppl are getting on. Some guy walks past me and says, under his breath, “hello virus.” I initially thought he was referring to how crowded it was, but I now think he was referring to me.
Oh, how i'll miss these summer Fridays as we hurtle towards Labor Day. More importantly, a belated WELCOME to
@CarolineHydeTV
to
@BloombergTV
's US team!
Programming note (because we like to change things up at
@BloombergTV
every so often):
Starting today, I'll co-host the US market close from 345-5pm ET w/
@RomaineBostick
.
@kgreifeld
will co-host the leadup to the close from 2-345pm ET.
“An attack against an elderly Asian American is an attack against the most vulnerable of an already marginalized population. But no one else seems to care except us. This lack of acknowledgement is nothing new for Asian Americans.”
It’s just like pre-pandemic times… sorta.
@jerseejess
& I sat down to tape the latest episode of the
@cornell_tech
at Bloomberg speaker series. Such a pleasure to hang out w/ Jessica, who lights up any room she’s in!
This is such sad news. Alan was a talented economist who saw past the trees for the forest. He was a regular on jobs day and always combined his analysis with social consciousness. He will be missed.
We are saddened to share that Professor Alan Krueger passed away over the weekend. A true scholar and public servant, Alan will be deeply missed by the University community:
Big congrats to my partner in crime, Ms. Chatterley -- bursting w/ pride for you! I'll miss our hours of conversations on and off air about all things thrilling and disastrous. See you soon, my friend!!
Thrilled to announce I will be joining the
@CNN
family alongside
@camanpour
&
@richardquest
- release below & details re: new show coming soon!! TY
@BloombergTV
for an incredible experience - you are the best! ❤️ (And GO
#England
!!!!) 😃
Something I'm very excited about next week is that since
@tomkeene
is going on vacation, I'll be co-hosting the Bloomberg Fed special alongside
@scarletfu
.
(But Tom is better than me, so I'm glad he'll be back in the future and that this will be just this once)
This morning’s challenge: keeping headphones on when my hair is in curlers for
@BloombergRadio
’s biz of sports podcast w/
@bigbarrsports
&
@LynchieWCVB
. Solution: Forget the left ear
Look, it's
@EricBalchunas
&
#ETFIQ
on
@SHO_Billions
! or at least in this behind-the-scenes pic. I'm behind on my streaming and don't know if we made the final cut (no spoilers please)
Since
@kgreifeld
has a big story on $meme on
@business
& is prolly busy w/ that today, I’ll post this on her behalf: TGIF. (Also Katie, get ready for national cat day on Oct 29)
Pet care demand exploded after lockdowns strengthened bonds between owners and their fur babies. Now, that boom in the companion-animal market is poised to continue.
@ScarletFu
speaks with one company founder riding the wave
Emerging market currencies head towards a golden cross pattern - a signal that the EM FX rally could continue. I talk about it here:
@BloombergTV
@scarletfu
Meet Ji-Young, Sesame Street's first Asian-American muppet who loves rocking out on her electric guitar and recently took up skateboarding.
Her puppeteer says she hopes the Muppet will help teach kids about racism and speak out against it
THIS is the future of journalism.
@MadisonMills22
is editing a clip for social media from the show she just hosted, while enjoying her alcohol-infused ice cream from
@TipsyScoop
@Quicktake
What's Mark Zuckerberg's biggest problem right now? Recruiting the best developers. "People don't want to work at Facebook" the way they used to,
@DavidKirkpatric
tells
@Quicktake
$FB
@business
In today's
@Markets
newsletter, I wrote about how the U.S. is now in the grips of three separate, but related panics.
And how the government needs to step up now and act counter-cyclically in every sense of the word.
Subscribe here:
@SeanFennessey
@jowrotethis
Love this podcast. I think Logan’s reference to “I won’t smuggled out of here in a pack case” was a reference to former Nissan boss Carlos Ghosn getting smuggled out of Japan in a box in 2019.