Business
Morgan Stanley’s Wilson on Stocks, China Reopening
Mike Wilson, Morgan Stanley’s chief US equity strategist and CIO, discusses the outlook for US stocks and the implications of China’s economic reopening with Guy Johnson and Alix Steel on “Bloomberg Markets.”
Follow Bloomberg for business news & analysis, up-to-the-minute market data, features, profiles and more: http://www.bloomberg.com
To hear Mike Wilson’s prediction for the S&P 500: https://www.bloomberg.com/news/videos/2023-01-04/mike-wilson-s-p-500-slide-to-3-000-very-achievable-video
For more on what markets are doing today: https://www.bloomberg.com/news/articles/2023-01-22/asia-stocks-sentiment-buoyed-by-tech-fed-comments-markets-wrap
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Business
Three Things That Define the Future for the Strait of Hormuz
Ed Morris, Senior Adviser and Commodities Expert, discusses the recent fall in Brent crude oil prices. The decline is attributed to market attention on the potential impact of Iran sanctions, which are influencing supply expectations and investor sentiment in the commodities market. He speaks with Romaine Bostick on “The Close.”
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Business
Citizens Bank CEO: Consumers are resilient despite wage challenges
“The fundamental thing that’s really important is unemployment is low, and people have jobs. As long as we have that, I think the lower-end customer holds in,” says Citizens Financial Chairman and CEO Bruce Van Saun.
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Business
Warsh’s Portfolio Impact, Stubborn Inflation Bloomberg Money From Jackson Hole
Bloomberg Money takes the pulse of your financial life, powered by the reporting of our global newsroom. Today’s guests: Kenneth Rogoff, Harvard Professor of Economics, and Nela Richardson, ADP Chief Economist & ESG Officer.
Chapters:
00:00:00 – Bloomberg Money Begins
00:03:14 – Bloomberg’s Enda Curran Discusses Kevin Warsh’s Comments in Jackson Hole
00:06:11 – Bloomberg’s Nikki Waller and Stacey Vanek Smith Talk About the News Impacting Your Money
00:12:23 – Kenneth Rogoff, Harvard Professor of Economics
00:20:29 – Tom Keene Provides His Final Thoughts from Jackson Hole
00:21:42 – Bloomberg’s Taylor Nicole Rogers on US Employers Abandoning Health Insurance as Price Hikes Bite
00:24:43 – Nela Richardson, ADP Chief Economist & ESG Officer
00:33:28 – Bloomberg’s Sarah Foster and Zijia Song Discuss People Without Kids Hacking 529 Accounts
00:41:35 – Scarlet Fu and Christina Ruffini Talk About Upcoming Events Impacting Your Money
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Business
Trump Says Putin Will Not Be Attacking NATO Territory | Balance of Power 08/27/2026
“Balance of Power: Late Edition” focuses on the intersection of politics and global business. On today’s show, Jessica Taylor, Senate and Governors Editor at the Cook Political Report with Amy Walter, says public and private polling shows the Texas Senate race essentially tied, with Ken Paxton’s political and personal baggage helping put the state in play for Democrats. Former US Ambassador to NATO Ivo Daalder says the Trump administration lacks a concerted strategy to pressure Russia into negotiations, arguing Washington needs to combine continued military support for Ukraine with stronger economic pressure and diplomacy. Texas Agriculture Commissioner Sid Miller says President Trump’s push to bring in more foreign beef is hurting US ranchers and could cost Republicans support in the midterm elections.
Chapters:
00:02:27 Bloomberg’s Kate Sullivan on Trump Heads to Texas as Senate Race Tightens
00:06:20 Jessica Taylor, Senate and Governors Editor at the Cook Political Report with Amy Walter, on Texas Senate Race Moves to Toss-Up
00:09:30 Jessica Taylor on Midterm Battlegrounds and Canada Trade Fallout
00:11:36 Power Moves: Top Financial Moves
00:14:59 Ivo Daalder, Former US Ambassador to NATO, on Russia, Ukraine and the Risk to NATO
00:17:01 Ivo Daalder on Trump-Putin Relationship and US Strategy
00:18:43 Ivo Daalder on How the US Could Pressure Russia
00:21:02 Ivo Daalder on Would the US Defend NATO Allies?
00:23:01 Ivo Daalder on China’s Role in the Russia-Ukraine War
00:24:44 Sid Miller, Texas Agriculture Commissioner, on Trump’s Beef Tariff Move Draws Rancher Backlash
00:27:54 Sid Miller Warns of More Farmer Bailouts
00:30:02 Sid Miller on Could Trump Lose Support From Farmers?
00:30:55 Sid Miller on Texas Data Centers Spark New Concerns
00:33:31 Bloomberg’s Mike McKee on Fed Officials Gather at Jackson Hole
00:36:56 Political Panel Reacts: Texas Senate Race and the Midterm Map, Can Congress Help Farmers Before the Midterms?, What’s Next After Karoline Leavitt?
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Business
We’re Big Buyers of the 10-Year at 5%, BMO’s Davis Says
Earl Davis, BMO Global Asset Management Fixed Income & Money Markets head, says using the Treasury General Account to fund expanded buybacks is not a significant worry for him. Davis says he would be a big buyer of 10-year bonds at 5%. He speaks on “Bloomberg Surveillance.”
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@raynoldgrey
December 30, 2023 at 5:29 am
Despite the fact that I invest, I am saddened by my inability to evaluate each company's performance and determine whether or not this is the ideal time to purchase stocks. My monetary stockpile is being depleted by inflation. At this stage, I need accurate market trajectory data, but I'm not sure what to do.
@thisguy73
December 30, 2023 at 5:29 am
He has been destroyed on this call unfortunately
@bastianrusso
December 30, 2023 at 5:29 am
Thank you for your insight, may this new year be a full of great accomplishments. The secret to wealth is simple you’ve got to start taking steps to achieve your goal.
@suleimanpeshawari1032
December 30, 2023 at 5:29 am
Seems to have aged 10 years in 10 weeks
@angeladeem2988
December 30, 2023 at 5:29 am
Heard someone say the best season for a fin.ancial breakthrough is now, especially with inflation running at a four-decade high. I have approximately $250k stagnant in my port_folio that needs growth. What is the best way to take advantage of this downturn?
@ReidCoffman1
December 30, 2023 at 5:29 am
As a foreigner who lived through the entire duration of zero covid for the past 3 years in China, this is by far the most objective commentary I’ve seen on YouTube to date. Economists and business leaders are voicing concerns at the start of 2023 that the year could be a difficult one. JPMorgan Chase & Co. Chief Executive Jamie Dimon said Tuesday that the Federal Reserve may need to raise interest rates to 6% to fight inflation, higher than the peak level between 5% and 5.5% in 2023 that most Fed officials penciled in after their December meeting. Although I read an article of people that grossed profits up to $500k during this crash, what are the best stocks to buy now or put on a watchlist
@Jordansteven40
December 30, 2023 at 5:29 am
Predicting< a reversal of a trend is NOT good for business now, and even worse, I believe there is more to this market than we understand presently. When there is loss, they don't aim to increase their average, but that can only change if you have a personal trade guide and signal provider like that of Gray Walter which has made me almost 9.5btc on a 2 btc Trade capital over the last 2 months.
Make a good decision. Markets fluctuate in cycles that can last anywhere from a few days to several years. In the case of B -TC, it's difficult to make a bullish case simply from looking at the charts.
@Bonescratcher
December 30, 2023 at 5:29 am
I love how this guy thinks he has a crystal ball 😂
@wendyjones363
December 30, 2023 at 5:29 am
There's already huge supply shortages. I'm sure humanity will rise to the occasion and overcome these problems to ensure that we have a bright future.
@5876efcn
December 30, 2023 at 5:29 am
I see more American are uneducated and homeless than immigrants coming in to America to work.
@HungTran-pi1uo
December 30, 2023 at 5:29 am
⚔️Pearl Harbor, Japan killed 24,000 Americans and the Japanese were punished. And now, with biological weapons in Wuhan, the CCP has killed 1,200,000 Americans, killed 6,400,000 people around the world and cost the US, EU and the World trillions of dollars in damage. In 1950, the CCP invaded the State of Tibet and strongly persecuted the Tibetan people. The CCP invaded the Uighur Nation of Xinjiang, persecuting and killing the Uighurs. The CCP's killing caused the indigenous population in: Tibet Country, Xinjiang Country, Ningxia Hui Nation, Guangxi Country, Inner Mongolia Country to seriously decrease. The United States and its Allies, the United Nations, the World need to help Tibet, Xinjiang, Inner Mongolia, Guangxi, Hui Ningxia, Hong Kong, … become independent countries from the CCP zombie invasion. The CCP zombies seriously threaten to invade and expand the East Sea, East China Sea, Taiwan, India, etc. The CCP has invaded 200 nautical miles of many countries to exploit seafood. The CCP supports Pakistan against India, supports Iran, North Korea, … against the US and its allies. The CCP threatens to expand the 'global supply chain' and expand the Army to invade, threatens to 'expand the debt trap with many countries' by 'lending to invade'. The CCP brutally represses, detains and kills people in Hong Kong, Xinjiang, Tibet, Guangxi, Inner Mongolia… Over the past 30 years, the CCP has stolen technology, copyright, intelligence and information confidential information of the US and EU through Huawei, ZTE, … from international students and Chinese living abroad. The CCP 'drinks all the water of the Mekong River in the dry season and releases the water causing flooding downstream in the rainy season'. The CCP has invaded and seriously threatened the 'border invasion' of 13 neighboring countries. The CCP invaded the economies of many countries: '' by living and naturalizing people of Chinese descent. They hold many important companies and hold 60-80% of the economies of many countries. The threat of the CCP is too great and serious. The US, EU and International quickly ‘punish and destroy the zombies of the CCP. And quickly knock down and destroy the 'economy of the CCP'.🚨The CCP is a major, serious threat to the Security of the United States and the West and the World. Comprehensive economic embargo and liberated Xinjiang, Tibet, Inner Mongolia, Hui Ningxia, Guangxi, Hong Kong, and Taiwan into independent countries, free from CCP aggression and oppression. Those were 2 fatal blows that killed the CCP🇺🇸🇯🇵🇬🇧🇪🇺.
@liamporter1137
December 30, 2023 at 5:29 am
US hopes China opening will help US economy yet treat China as an enemy and create cold war with China. What an idiot. US and West spread lies and misinformation just want to demonize China in order to contain China progress. US and West are despicable and lost their dignity in front of the world to see.
@beecee7359
December 30, 2023 at 5:29 am
CNBC do you condone your VP threatening and assaulting reporters? You can't compete with REBEL
@liamporter1137
December 30, 2023 at 5:29 am
US collapse is inevitable. Why would one can think that printing money freely and irresponsibly, use US dollar as a weapon where everyone has started to forego US dollar plus sky-high debt have no consequences? This bubble busting is in the works for many years already and yet the people here are burying their heads in the sand for ages.
@havisrobert4492
December 30, 2023 at 5:29 am
With this crash I'll say it wont be too easy to pick the right stock, Jim Cramer said there are still huge opportunities despite the crash, and I overheard someone talk about making $250k from about $110k since the crash. How do I make these kind of returns?
@mmercato7174
December 30, 2023 at 5:29 am
3300 haaahaaaahaaaaaaaa 🤣😂😂
@lemisosaroni8857
December 30, 2023 at 5:29 am
Bottoms are a process, not an event. Dead cat bounce if you ask me.
@frankperez5217
December 30, 2023 at 5:29 am
This man’s calls have been extremely accurate. He’s really the only person that I trust.
@terungwaawarga
December 30, 2023 at 5:29 am
<Dividends are what got me into investing in the stock market. The thing to me is, if you invest and have other income outside of dividends then you will be able to live off dividends without selling. Which means you can pass that on to your kids which will give them a leg up in life. Have over $600K in my portfolio as I bought a lot of dividend stocks before, I'm buying more now, and I will buy more when it drops further.>
@paultweedley2026
December 30, 2023 at 5:29 am
To negitive on US teck, and these guys are supposed to be super clever, US teck companies are in the main dynamic.
@asodolkhan1651
December 30, 2023 at 5:29 am
🤗<<Thanks for the update and keep doing what you do. My journey in the current market has taught me a lot of lessons, at the top of that list is that it never pays to live above one's means. I have managed to grow a nest egg of around $600k to a decent 7 figures in the space of a few months. Sad to say but a lot of us have poor money management skills. My 2 cents -get an advisor to keep you accountable and aid you make better decisions, Randy Douglas has been helping me a lot, all through my journey. I find it better to pay a little bit more for peace of mind than worry about money or market trends and still get >burned.
@xrpdocnewman8114
December 30, 2023 at 5:29 am
This guy has a very low IQ
@yoyoraazi8615
December 30, 2023 at 5:29 am
Which earnings? GAAP or Adjusted? GAAP will be lower but Adj. probably not that much, which is why stocks will likely do much better than what people expect
@larryd1816
December 30, 2023 at 5:29 am
Why does this guy’s analysis matter if it’s all a 50/50 probability? People will do as they want – early or late – and befuddle Mike’s perfect world.
@praveenspike
December 30, 2023 at 5:29 am
Sector wise recession has been going on in terms of soft landing, first real estate took hit and now the Job market has started.
@Sam-pj8yp
December 30, 2023 at 5:29 am
A weakening dollar is inflationary. Oil futures are now increasing. China reopening will be inflationary because of higher demand for commodities. Fed will have to kill this rally again.
@gum7719
December 30, 2023 at 5:29 am
positives are priced in the market but a future fed decision isnt? Stop playin ya self mr. willy, company earnings are looking good, and so is the economy, stop betting on a economic downfall, nov. dec. rallies was nothing. Last year was the largest shorting marathon in the history of the market. He's trying so hard just like all bears do, to try and use words the change trading sentiment lmao, hes been burnt so bad its not even funny
@VintageTubeTone
December 30, 2023 at 5:29 am
Solid, if not thrilling bank earnings last week, compromised only by loan loss reserves (a management decision). Lots of companies reporting this week. We'll have a good sense by week's end of whether this earning recession materializes or not.
@devildevil2271
December 30, 2023 at 5:29 am
World can't survive without China, just like Caucasian men can't do without the beautiful Chinese women 😂😂
@jimmyz5831
December 30, 2023 at 5:29 am
Funny how everyone "called" everything in retrospect. That's what happens if you answer questions very vaguely.
@smileyjay2753
December 30, 2023 at 5:29 am
Market is focused on inflation dropping. Earnings missing will lead to unemployment, which is also bullish to get the fed to change course. Mike also doesn't seem to have priced in the drop in value of the dollar in terms of the stock prices.
@charlottedavis8047
December 30, 2023 at 5:29 am
America as we know it is finished. All indications point to 2023 being a year of severe economic pain across the country. Put that money to work right away to make it grow. I knew I had to make an investment. I never imagined that a few thousand dollars per month would add up. However, it is. I've made around $600k since 2020..
@WalayatFamily
December 30, 2023 at 5:29 am
Thuis clown flip flops from week to week
@michaelmoran8755
December 30, 2023 at 5:29 am
I like Mike Wilson’s analysis, and am excited to hear that if we get through the first half of this year without flirting with October lows, then it’s not gonna happen.
Idk why people talk about how accurate Mike was in 2022 when he called for it S&P 4800 at the start of 2022. After that he has been spot on, yes.
@johnc7279
December 30, 2023 at 5:29 am
Timing the market never works out. No one can consistently do it.
@chunzhu5049
December 30, 2023 at 5:29 am
god i hope hes right
@STLT
December 30, 2023 at 5:29 am
So the mkt might go up or it might go down…Brilliant…
@dimiimid5462
December 30, 2023 at 5:29 am
This guy is very stupid and he looks sick; we have a rally now because the bearish mokeys should cover their shorts 🙂 come on bloomberg, so cheap manipulations, please apologize!
@lambertois11
December 30, 2023 at 5:29 am
The first wave of infection in China will results in COVID virus mutations ; COVID virus mutations will cause wave and wave of reinfections for most of 2023.
You have to take the optimist opinions of some financial corporations with a large dose of skepticism!! Some foreign banks are saying that China has quite a way to run. Either these foreign banks are living in fantasy land or have become a mouthpiece of the CCP propaganda apparatus?
@aprilfook7787
December 30, 2023 at 5:29 am
I actually think recession may come in the second half of the year…
@livefromplanetearth
December 30, 2023 at 5:29 am
i need to invent an indicator to predict the lag time between mike wilson’s view and how much the trolls will squeeze up until wilson’s harsh ass views become manifest
@shdmd2118
December 30, 2023 at 5:29 am
If a China is good, Apple will be good.
Europe? No thanks. The second US stops aid to Ukraine… Europe will be bad
@shdmd2118
December 30, 2023 at 5:29 am
What hap me to Europe stocks the second US pulls Ukraine aid in 2023?
@shdmd2118
December 30, 2023 at 5:29 am
China reopen is good for Apple