Stocks Close Lower, Trump Signs Order on Vaccine Recommendations, More
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Who are the hosts and what is the focus of today’s Bloomberg podcast?
Have you ever wondered how Jesse Cole took the Savannah Bananas from this?
We had a $6 million failure last year. We're going to have bigger ones as we go. To this? We've got shareholders, investors I've reached out to regularly, and the answer is always no. Or why Elle Duncan would say this about a Netflix sports broadcast.
Sometimes we're going to take really big swings and we're going to freaking whiff.
Then the deal is the show for you. It's a Bloomberg podcast hosted by me, Alex Rodriguez. And me, Jason Kelly.
We talk to the biggest names in the world of sports and business, including NBA Hall of Famer Tracy McGrady on one of his biggest blunders. I think I've created something magical.
Mm-hmm.
Why did the S&P 500, Nasdaq and Dow close lower today?
Well, I struck out. And you'll even get some of my baseball hot takes. I've had owners tell me, It doesn't matter. The game has to be fixed. It's broken. If we have to lock out the whole year, we will.
New episodes air every Thursday. Don't miss
out. There's your closing bell for this Monday on Wall Street where oil prices jumped on concerns over the Strait of Hormuz standoff. And we bring you the closing numbers each day here at Bloomberg. The S&P 500 down about four points. NASDAQ down about 85 points.
What is President Trump’s executive order on splitting the MMR vaccine and why does it matter?
The Dow down about 61 points. The 10-year Treasury yield at 4.7%. The two-year yield at 4.24%. We'll get back to the markets in a moment, but first, President Trump signed an executive order that would recommend breaking up the combined measles, mumps, and rubella vaccine into three separate shots.
Effective immediately, my administration is recognizing gold standard childhood vaccine recommendations for only 11 core vaccinations. against the most serious and dangerous diseases, along with the MMR, which hopefully will be split up. You have the MMR. We want it in three separate vaccinations.
Splitting the shot could be expensive and complicated for MMR manufacturers Merck and GSK. The Infectious Disease Society of America says there's no evidence that there's any benefit to separating the combination shot. At least 111 people are dead after a powerful earthquake hit Colombia this morning, toppling buildings and burying people under rubble. It was a magnitude 7.4. Colombia's president declared an emergency to expedite funding for the quake recovery.
How is the recent 7.4‑magnitude earthquake in Colombia affecting relief efforts?
The U.S. government and other countries including Mexico, Brazil and Ecuador say they stand ready to support the people of Colombia. President Trump has extended a waiver allowing foreign ships to transport oil and other commodities around the U.S. for 90 more days, but there are new limits. Bloomberg's Michael McKee.
That raises the cost of transporting things inside the United States. So with the war driving up costs, especially for not just energy but other commodities, the president had waived the Jones Act and said anybody can transport this stuff, which... had a minor effect on the cost of energy and gasoline and now he's renewed it for 90 days but he's taken some of the commodities that were covered on it out.
The extended waiver is focused more squarely on the movement of energy and will apply to vessels carrying a smaller assortment of commodities. President Trump says the Strait of Hormuz is open now and controlled by the U.S. Navy. He's also demanding compensation from Iran for people who were killed and wounded with roadside bombs and for protesters in Iran. Iranian officials reiterated their demands for reparations, and they have tied it to the reopening of Hormuz.
What are the implications of extending the Jones Act waiver for oil and commodity transport?
Crude oil now not quite 5 percent higher, WTI topping $82 a barrel and Brent crude nearing $88 a barrel. White House economic advisor Kevin Hassett says he's not looking to replace Lisa Cook on the Fed board now that President Trump has revived his threat to remove her over unproven mortgage fraud allegations.
She says that she's 100 percent innocent, you know, as a human being. I hope that's true. But I think that if in the end there is a cause, then of course the president has the right to fire her. Whether there is or not, that's a law enforcement matter.
Hassett tells CNBC he'd either keep rates on hold or cut if he were running the Fed.
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Chapters
7 chapters
1
Who are the hosts and what is the focus of today’s Bloomberg podcast?
0:00–0:39
2
Why did the S&P 500, Nasdaq and Dow close lower today?
0:39–1:23
3
What is President Trump’s executive order on splitting the MMR vaccine and why does it matter?
1:23–2:30
4
How is the recent 7.4‑magnitude earthquake in Colombia affecting relief efforts?
2:30–3:37
5
What are the implications of extending the Jones Act waiver for oil and commodity transport?
3:37–4:58
6
How might upcoming Fed policy decisions impact interest rates and inflation?
4:58–6:29
7
Why are analysts bearish on Apple and what are the latest tech sector moves?
6:29–7:44
Speakers
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