Bloomberg Market Wrap 7/3: T-Mobile Deal, Earnings Crush Correlations

The video discusses the potential approval of the T-Mobile and Sprint merger by the Justice Department, highlighting the role of Dish in acquiring assets to become the fourth largest wireless carrier. It also covers market volatility, focusing on the VIX index and the impact of earnings season on implied correlations for the NASDAQ 100 and S&P 500, suggesting a period of calm in the market.

What does the market's reaction to the merger news indicate about investor sentiment?

What impact does the earnings season have on implied volatility according to the discussion?