Stocks rise and the dollar weakens after both the S&P 500 and the Nasdaq 100 hit all-time highs. Fed Governor Christopher Waller says that the central bank should cut rates in July and cut a second time this year. Netflix shares fall despite delivering a beat across the board in the last quarter amid lofty expectations. Speculation abounds over a further softening of ties between the US and China after some chip curbs were lifted on Nvidia and AMD. Aneeka Gupta of Wisdomtree says it is better to diversify outside of the US as valuations stay at record highs. Lauren Saidel-Baker of ITR Economics says Waller’s suggestion of a 25 basis point cut in July wouldn’t move the needle for the macroeconomic picture. “Bloomberg Brief” delivers the market news, data and analysis you need to set your agenda.
Chapters:
00:00:00 – Intro
00:01:28 – First Look Movers
00:03:12 – Aneeka Gupta, WisdomTree Director of Macroeconomic Research
00:09:57 – Trending on the Terminal
00:16:42 – Front Page News
00:22:08 – First Look Movers
00:27:34 – Lauren Saidel-Baker, ITR Economics Economist
00:33:30 – Trending on the Terminal
00:41:50 – What to Watch
——–
More on Bloomberg Television and Markets
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