Bloomberg Market Wrap 9/11: Russell 2000, Lyft and Uber, ECB Expectations

The video discusses recent trends in the small cap market, highlighting a three-day rally and the challenges faced by the Russell 2000 index. It also examines the implications of California's Assembly Bill 5 on Lyft and Uber, focusing on potential exemptions and market share changes. Finally, it explores expectations for the European Central Bank's upcoming meeting, including potential quantitative easing measures and interest rate cuts.

What recent trend was observed in the small-cap stocks, particularly the Russell 2000 index?

• A decline over three consecutive days

• A drop below the 200-day moving average

• A rally of more than 5% over three days

• A sideways movement with no significant change

What is the main concern for Lyft and Uber regarding Assembly Bill 5?

• Expansion into international markets

• Rising fuel costs affecting profitability

• Requirement to treat drivers as employees

• Increased competition from new startups

How has Lyft's market share in the US changed over the past two years?

• Decreased from 40% to 22%

• Increased from 22% to 40%

• Remained constant at 30%

• Fluctuated between 20% and 30%

What is the market consensus regarding the European Central Bank's upcoming actions?

• No change in monetary policy

• Resumption of quantitative easing and a 10 basis point cut

• Introduction of new currency regulations

• Increase in interest rates by 10 basis points

What do interest rate swaps on the euro overnight index suggest about the ECB's rate cut?

• A 5 basis point cut

• No rate cut expected

• A 10 basis point cut

• A 15 basis point cut