Bloomberg Future Investor event series highlights data's role in investment landscape: Data's impact on investment decisions and creation of innovative enterprises was emphasized at the Bloomberg event, while regulatory actions and economic indicators underscored its importance in navigating economic changes.
Data is transforming the investment landscape, with companies leveraging data to make decisions and create innovative enterprises. This was highlighted at the Bloomberg Future Investor event series in San Francisco and virtually on May 7th. Meanwhile, in the news, First Republic Bank was seized by regulators and sold to JPMorgan Chase, making JPMorgan the largest bank in the country. This acquisition comes as the Fed is expected to raise interest rates again this week in an effort to combat inflation. These economic events underscore the importance of data in making informed investment decisions and navigating the ever-changing economic landscape.
Fed's More Hawkish Stance Dampens Rate Cut Hopes, Recession Fears Loom: The Fed signaled a more hawkish stance, potentially dampening hopes for rate cuts. Earnings reports are expected to show strong results, but recession fears persist. Defensive stocks, Japan, and Berkshire Hathaway are popular choices for investors.
Investors hoping for Fed rate cuts in the second half of the year may be disappointed, as the Fed's message this week suggested a more hawkish stance. Additionally, earnings reports this week are expected to show strong corporate results, but the possibility of a recession is looming for next quarter. Defensive stocks, Japan, and Warren Buffett's Berkshire Hathaway are popular choices among investors for outperforming the markets. In corporate news, Japan's Astellas Pharma agreed to acquire Iveric Bio for nearly $1 billion, and the fight over the debt ceiling continues between Republicans and Democrats. Jack Dorsey, Twitter co-founder, has changed his mind about the sale of Twitter to Elon Musk, expressing concerns over Musk's stewardship of the platform. The markets are showing little change to start the week, with S&P futures down one point, Dow futures up 2, and Nasdaq futures down 4.
Heavy rain and flooding cause major disruptions in New York and New Jersey, manhunt in Texas, and preparation for Title 42 expiration in New York City: Two teenagers rescued from floodwaters, manhunt for shooting suspect, New York City readies for Title 42 expiration, and NBA and NHL have game 7s
New York and New Jersey experienced heavy rain and flooding, resulting in major traffic disruptions and rescues. In New York City, flooding caused significant traffic congestion, while in New Jersey, two teenagers were rescued from rising floodwaters in an abandoned rail tunnel. Elsewhere, a manhunt is underway in Texas after a man allegedly shot and killed five people, including an 8-year-old boy. The shooting has sparked controversy over the victims' immigration status. In other news, New York City is preparing for the expiration of Title 42, which has resulted in an influx of migrants to the city. Meanwhile, the Met Gala took place in New York City, with roughly 400 attendees expected to celebrate the late Karl Lagerfeld's design legacy. In sports, the NBA and NHL both had game 7s, with the Knicks and Heat facing off in the NBA and the Rangers and Devils in the NHL. The Knicks, who lost game 1 at home, will need to improve their shooting to win the series. Steph Curry had a record-breaking performance in game 7 of the NBA playoffs, scoring 50 points.
Panthers shock Bruins in NHL playoffs, First Republic Bank collapses: The Panthers defied expectations and advanced to the next round in the NHL playoffs, while First Republic Bank's collapse led to JPMorgan Chase taking over a significant portion of its deposits, marking a major event in the finance world.
The Panthers defied expectations and stunned the Bruins in a thrilling game 7 overtime victory, marking their second series win since 1996. Meanwhile, in the world of finance, First Republic Bank's collapse led to JPMorgan Chase taking over roughly half of its deposits, making it the second biggest bank failure in US history. JPMorgan's financial strength and ability to assume all of First Republic's assets and loans likely made it the preferred bidder. In sports, the Panthers continue their journey in the NHL playoffs, while in finance, investors face the ongoing challenges of the regional banking sector.
FDIC and JPMorgan Chase reach deal to acquire First Republic Bank for $10.6 billion: Despite concerns, FDIC and JPMorgan Chase's deal to acquire First Republic Bank for $10.6 billion could lead to more large banks engaging in similar transactions, benefiting regulators with fewer underwater securities and more deposits.
The FDIC and JPMorgan Chase reached a deal to acquire First Republic Bank for $10.6 billion, minimizing potential losses for the FDIC insurance fund compared to the assumed $20 billion losses for First Republic. This deal, despite concerns about increasing the size of one mega-bank in the US and potential risks to smaller regional lenders, could lead to more large banks engaging in similar transactions due to the benefits for regulators in assuming more deposits and fewer underwater securities. The regional banking sector showed resilience during Q1 earnings reports, but there could still be other banks at risk. The contagion risk was mainly relegated to Signature Bank and First Republic after the Silicon Valley Bank failure. The deal also raises questions about the future of mergers and acquisitions in the banking sector.
Exploring the Future of Artificial Intelligence: Industry leaders from Snap, Microsoft, OpenAI, and more will discuss the future of AI, its opportunities, challenges, and potential risks at Bloomberg Tech in San Francisco on May 9th.
The future of artificial intelligence (AI) is a topic of great interest and importance, with significant opportunities and challenges ahead. AI is making waves from Silicon Valley to Wall Street, and the next phase of adoption is uncertain. Some companies, both big tech and startups, are expected to lead the way, but the exact identity of these industry dominators remains to be seen. Furthermore, there are potential risks and unintended consequences that must be addressed. For deeper insights into these issues, join Emily Chang at Bloomberg Tech in San Francisco on May 9th. This event will feature industry leaders such as Snap's Evan Spiegel, Xbox President Sarah Bond, OpenAI's Brad Lightcap, and top researcher Doctor Faye Feili. To learn more and secure your ticket, visit Bloomberg.com/techsf.
JPMorgan to Buy First Republic; Investors Await Fed Meeting & Jobs Report
Recent Episodes from Bloomberg Daybreak: US Edition
Stocks at All-Time High; FedEx Does Not Deliver
On today's podcast:
1) US Stocks Hit Fresh Record Buoyed by Economic Hopes
2) FedEx Slumps on Quarterly Profit Miss, Softer 2025 Outlook
3) Buffett’s Remaining $34 Billion BofA Stake Is Now Pure Profit
See omnystudio.com/listener for privacy information.
Markets Rally on Big Fed Cut; Israel Sees ‘New Phase’ in War
On today's podcast:
1) Stocks Rally Gathers Pace After Fed’s Big Rate Cut
2) Israel Sees ‘New Phase’ in Regional War After Lebanon Blasts
3) Trump to Visit Springfield, Town at Center of Pet-Eating Claims
4) Yankees Beat Mariners to Clinch Playoff Berth
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Instant Reaction: Jerome Powell Defends 50 Point Rate Cut
Bloomberg's Tom Keene, Jonathan Ferro and Lisa Abramowicz discuss remarks from Fed Chair Jay Powell following the Federal Reserve's decision to cut rates 50-basis-points on a special edition of Bloomberg Surveillance
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Instant Reaction: The Fed Cuts Rates 50-Basis-Points
Bloomberg’s Tom Keene, Jonathan Ferro and Lisa Abramowicz break down the Federal Reserve’s decision to cut rates 50-basis-points on a special edition of Bloomberg Surveillance
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Countdown to Big Fed Decision; Tupperware Files for Bankruptcy
On today's podcast:
1) Stocks Waver in Face of Debate on Size of Fed Cut
2) Tupperware Files for Bankruptcy as Turnaround Effort Fails
3) Trump Pledges to Restore SALT Write-Off
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Fed Rate Debate Reaches Fever Pitch; Intel to Make Chips for Amazon
On today's podcast:
1) Stocks Rise With Data in Focus Before Fed
2) Intel to Make Custom AI Chip for Amazon
3) Harris Leads Trump in Pennsylvania: USA Today Poll
4) Falcons beat Eagles 22-21 on Monday Night Football
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Trump Responds to Second Apparent Attempt on Life; Fed Readies to Cut
On today's podcast:
1) A second apparent attempt on Donald Trump's life adds a new twist to the presidential race
2) Investors turn their focus on the Fed, with a long-awaited rate cut expected this week
3) Calls for stimulus grow in China amid a deepening slowdown
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Daybreak Weekend: Fed Meeting, Eurozone Data, BOJ Decision
Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week.
- In the US – a preview of next week’s Fed meeting and FedEx earnings.
- In the UK – a preview of Eurozone data.
- In Asia – a look at next week’s BOJ decision and TOKEN2049 Summit .
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Boeing Workers Walk Out; Trump Says No More Debates
On today's podcast:
1) Boeing’s Seattle Workers Walk Out in First Strike Since 200
2) Trump Rules Out More Presidential Debates With Harris
3) Dudley Sees Case for Half-Point Fed Rate Cut Next Week
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SpaceX's Historic Spacewalk; Trump Reluctant to Debate Harris
On today's podcast:
1) SpaceX Attempts the First Ever Privately-Funded Spacewalk
2) Donald Trump Says He Might Not Want Another Debate with Kamala Harris
3) Global Stocks in Rally Mode Ahead of Another Key Inflation Reading
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Related Episodes
Higher for Longer: The Fed’s Role, Earnings Trends and The Refining Margin Puzzle
Explore your CI Futures options: https://completeintel.com/futures
This Week Ahead is joined by Bob Elliott, CIO at Unlimited Funds, Sam Rines from Corbu, and Josh Young from Bison Interests. In this episode, we delve into three crucial themes – Higher for Longer (H4L), Earnings, and Refining Margins – with a focus on stocks like $FRB, $META, $MSFT, $AMZN, $KMB, $XOM, $NOV, and $VLO.
Bob Elliott kicks off the discussion on H4L, sharing his insights on the current stocks versus bonds situation under this environment. Despite little progress from the Fed, he notes that equities signal a different outcome from bonds, which indicates an impending recession.
The panel then engages in a deep dive, discussing the possibility of the Fed relenting on inflation, the duration of the H4L phenomenon, and the role of the labor market in shaping its trajectory.
Sam Rines then shifts the focus to Earnings, highlighting key trends in the First Republic and Kimberly Clark stocks, including a decline in Price Over Volume. The panel also touches on the tech industry, analyzing its current position and outlook.
Finally, Josh Young explores the intriguing topic of Refining Margins, with a particular focus on the US and China dynamics that have contributed to Valero’s strong earnings report. Josh examines the significant drop in refining margins in recent months, assessing how the trend fits into the historical context of this industry.
Key themes:
1. Higher for Longer (H4L)
2. Earnings
3. Refining margins down, but strong demand
This is the 63rd episode of The Week Ahead, where experts talk about the week that just happened and what will most likely happen in the coming week.
Follow The Week Ahead panel on Twitter:
Tony: https://twitter.com/TonyNashNerd
Bob: https://twitter.com/BobEUnlimited
Sam: https://twitter.com/SamuelRines
Josh: https://twitter.com/Josh_Young_1
Watch this podcast on Youtube: https://youtu.be/xhEAGe4LfNU
022 What Is It You Wannabe
For previous episodes of the Millionaire Starter Club and the Earnings Calendar, visit the Millionaire Stater Club Website.
024 Choosing the First Investment
For previous episodes of the Millionaire Starter Club and the Earnings Calendar, visit the Millionaire Stater Club website.
Apple vs Robinhood / Battle for the Earnings. FYI one was a wipeout and the other... well, what did you expect? Of course Apple some money
Apple and Robinhood have their earnings this afternoon. Stock Hypers wait for the details and after hours effects
Hype or Hate: Danny: Apple, Microsoft, Viacom
Bryan: Energy, Tech, Financial sectors
Stock Hypers are amateur investors talking about stocks, wall street, business and the markets from a completely uninformed, unprofessional, sometimes nonsensical perspective. Danny and Bryan both are not recommending or pressuring you to buy any stock. If you take their advice you may lose money, your reputation and all your friends. This is meant for pure entertainment and listening pleasure. (Even if all our stocks go skyrocketing in value and we become zillionaires it's best that you, the listener, keep your money in your pocket. We may sound like geniuses but we are just regular Joes) You are forewarned
Fed, jobs report ahead as Apple, Amazon report
Show Notes
SA Analyst Roundtable: When will the Fed cut rates?
Earnings Calendar
Baird says short interest increased in April in the fashion and wellness industries
Episode transcripts seekingalpha.com/wsb
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