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Mar 4, 2024
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james cited jay powell. what can help the rally? >> i think one of the things that all the market would agree on is the rally is fueled by artificial intelligence implemented in technology that is real and profits are real. one of the things that the market will realize is although the boogeyman of jay powell raising rates can kill the rally, but the reason for powell raising rates is almost nonexistent now. there is no recession. there is no high inflation in sight. inflation is on the way down. chairman powell reassured us of that. one thing to watch out for is the timing and size of the rate cuts. one of the things the market underestimated is the interest rates may level off with the pro pr productivity is at a higher rate. >> while you talk about productivity, you sent us a chart. it compare s. pc revolution and the dot-com bubble. you see the pc revolution on the left and the a.i. on the right. what is the most important part of the comparicomparison? >> we should realize the pc revolution did is boost profits in the 1990s. it
james cited jay powell. what can help the rally? >> i think one of the things that all the market would agree on is the rally is fueled by artificial intelligence implemented in technology that is real and profits are real. one of the things that the market will realize is although the boogeyman of jay powell raising rates can kill the rally, but the reason for powell raising rates is almost nonexistent now. there is no recession. there is no high inflation in sight. inflation is on the...
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Mar 7, 2024
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jeremy, we saw the markets finish higher after the jay powell testimony. what does that indicate to you about traders' confidence in the cuts? >> we were saying the market was getting excited and started pricing in six-to-seven wcuts. if the fed doesn't price in the cuts, we will have a tough time of getting gains in the market. we said it wasn't about the cuts, but willingness to cut if there is weakness. we were worried to say inflation is the top concern. we cannot say. he showed the flexibility. we think inflation is lower than reality with the housing data and real-time housing is down 1%. you get updates on that. we think he should be cutting, but i think the data is coming in in a way to allow them to start cutting in it june. >> jeremy, you have come with alternative data on inflation in previous times. sophie, over to you. do you agree with jeremy's take this gave the confidence the cuts are coming and is this enough to keep the rally going? >> there's no doubt, really, that cuts are going to be coming through. i personal thinly think there i disc
jeremy, we saw the markets finish higher after the jay powell testimony. what does that indicate to you about traders' confidence in the cuts? >> we were saying the market was getting excited and started pricing in six-to-seven wcuts. if the fed doesn't price in the cuts, we will have a tough time of getting gains in the market. we said it wasn't about the cuts, but willingness to cut if there is weakness. we were worried to say inflation is the top concern. we cannot say. he showed the...
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Mar 8, 2024
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jay powell on the hill. jobs report and state of the union address. a lot for investors to consider. also the s&p hitting a new record. what do you see happening today? what is your "wex" word of the day? >> my word of the day is indifferent. lots of chatter all over cnbc and other news networks about the state of the union. i don't think the market is moving based on the state of the union address. it was a spirited address. i don't think we will see any permanent movement around the election until closer to november. >> indifferent? i wasn't expecting that one. not worried about it either way. >> i think there are other headlines on the docket for today. jobs report. we have been talking about that all morning. it is moving the market today over the state of the union. >> right now, you are looking at what moves you want to make going into march. we have guidance from jay powell. the cuts are coming, but it is not clear when. how are you moving portfolios? what are you looking at right now? what considerations do you have? >> i think we can look at
jay powell on the hill. jobs report and state of the union address. a lot for investors to consider. also the s&p hitting a new record. what do you see happening today? what is your "wex" word of the day? >> my word of the day is indifferent. lots of chatter all over cnbc and other news networks about the state of the union. i don't think the market is moving based on the state of the union address. it was a spirited address. i don't think we will see any permanent movement...
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Mar 6, 2024
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something else we have to talk about, jay powell and the hill you laughed right now. a lot of your clients have called you about your expectations what are you expecting to hear from jay powell? in your mind do you expect them to deviate at all from what he said at the fomc meeting or what we heard from fed officials? >> he's trying to strike more of a dovish tone. we're on record for that being a mistake. i think the fed has completely mischaracterized how low interest or how reduced interest rate-sensitive the economy is and the need for rate cuts inflation is going to come in stronger i think he's going to signal the rate cuts, but the economy is closing the window for it. the bond market is going to be it's been disappointing. it's going to continue to be disappointed they may be able to squeeze off one or two, but the economy is going to close that window there's an election cycle. >> you think he's going to turn more dovish? we've heard wait and see now you say when it comes to the hill, he gets a little more dovish >> i think he 's in the wait and see. he's got
something else we have to talk about, jay powell and the hill you laughed right now. a lot of your clients have called you about your expectations what are you expecting to hear from jay powell? in your mind do you expect them to deviate at all from what he said at the fomc meeting or what we heard from fed officials? >> he's trying to strike more of a dovish tone. we're on record for that being a mistake. i think the fed has completely mischaracterized how low interest or how reduced...
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Mar 20, 2024
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we're watching for signal from jay powell and company. >>> still in the early stages, what nvidia is telling jim cramer on the back of the compy's new chips. >>> and the faa setting off a recent wave of safety issues. what the airplane giant has to do. >>> and a stock split. >>> it's wednesday, march 20th, 2024. you're watching "worldwide exchange" right here on cnbc. ♪ >>> good morning and welcome to "worldwide exchange." thank you so much for being here with us. let's get you ready for the trading day ahead. we're going to get a check of the markets with the u.s. futures getting set for another day of the markets. take a look at the futures. in the red across the board. looks like the dow would open 15 points higher. slightly under pressure. it ended extremely vol a title yesterday. the dow seeing its best day in nearly a month. let's get a check of the bonds and the big fed rate decision later today. taking a look right now, we're seeing the benchmark coming in at 4.27. we're going to talk much more about expectations coming up. we also look at the oil market continuing its boun
we're watching for signal from jay powell and company. >>> still in the early stages, what nvidia is telling jim cramer on the back of the compy's new chips. >>> and the faa setting off a recent wave of safety issues. what the airplane giant has to do. >>> and a stock split. >>> it's wednesday, march 20th, 2024. you're watching "worldwide exchange" right here on cnbc. ♪ >>> good morning and welcome to "worldwide exchange." thank...
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Mar 6, 2024
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fed chair jay powell not ready to cut rates yet our next guest says the biggest risk he sees now is the fed waiting too long to lower rates. >>> openai fires back, publishing elon musk's emails. what he wrote and how it may change where this fight goes next >>> and there's a new fomo trade emerging says one analyst and it's not too late to get in on the action he is here with the trade and the upside of this industry. >>> now a check on the markets the major averages are rebounding, but the chart of the day right now once again goes to new york community bank corps. believe it or not. down more than 40% so far on reports thousand that the bank is seeking a major capital infusion from outside. and that's where we are going to start with these green markets, a very deep red picture, and leslie picker has the details on nycb >> so it appears to be that this would be an equity capital raise, and that they reached out to a variety of investment firms. my understanding in talking with a couple of indirect sources over the last few minutes or so is that this is likely a lot of these conversati
fed chair jay powell not ready to cut rates yet our next guest says the biggest risk he sees now is the fed waiting too long to lower rates. >>> openai fires back, publishing elon musk's emails. what he wrote and how it may change where this fight goes next >>> and there's a new fomo trade emerging says one analyst and it's not too late to get in on the action he is here with the trade and the upside of this industry. >>> now a check on the markets the major averages...
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Mar 7, 2024
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the state of the union address as we have made note of as well as jay powell testifies. more speakers with loretta mester set to speak. don't miss the ecb decision and the conference from the governor christine lagarde at 2:00 p.m. cet. i'm arabile gumede. thank you for joining us on "street signs." "worldwide exchange" is up next. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. hi, i'm ben and i've lost 60 pounds on golo. (guitar music) i've struggled with weight my whole life. i'm sure you're like me and you've tried diet after diet. if you want to stop the insanity, t
the state of the union address as we have made note of as well as jay powell testifies. more speakers with loretta mester set to speak. don't miss the ecb decision and the conference from the governor christine lagarde at 2:00 p.m. cet. i'm arabile gumede. thank you for joining us on "street signs." "worldwide exchange" is up next. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we...
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Mar 19, 2024
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we will hear from jay powell later today. he is just as dovish as he was when he went to capitol hill. it looks like we're on track for the three cuts. how do you advise your clients? >> this is the position that we are positioned for here. we expect 100 to 125 basis points of rate cuts this year. we think that is a situation where we expect the market to continue to rally and for the leadership to broaden. more t importantly, we expect the b barbell situation. we will continue rates to go lower. the back up in rates would reverse. we see small caps and other sicyclicals in the market. from the secular perspective, that is the issue with the banks and continued healthy growth of the economy. the loan books would do well. >> thank you for staying for you used. we were hearing vance check his mic while you were talking. vance, before were expecting six cuts. now we're down to three. how important is it that we get these three cuts and if we do get themas expected, how do you advise your clients? >> powell said he was dial back.
we will hear from jay powell later today. he is just as dovish as he was when he went to capitol hill. it looks like we're on track for the three cuts. how do you advise your clients? >> this is the position that we are positioned for here. we expect 100 to 125 basis points of rate cuts this year. we think that is a situation where we expect the market to continue to rally and for the leadership to broaden. more t importantly, we expect the b barbell situation. we will continue rates to...
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Mar 8, 2024
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that's the message jay powell said in coppngress. we will not go back to where we were, but we are not goining to stay where we are. >> we would not call yesterday's testimony a pivot, would we? >> no, no. jay powell has been saying the same thing for a long time which is look to the horizon. rates will be lower at some time in the future. look to the next fed meeting. probably not. this is a consistent message. it is a good message for equity markets and it is a good message for companies and a good message for home buyers and people who are considering big ticket consumer durable purchases. rates may not be where you want them today, but they will be there tomorrow. if you want to buy that car, you can buy it or refinance it in a year or buy that house and refinance it in a year. more importantly, if you are a company, you want to build that new factory, start the project now knowing you can refinance it a year from now at a lower rate and that's an incentive to move now. that's an incentive to keep the economy going. for corporate
that's the message jay powell said in coppngress. we will not go back to where we were, but we are not goining to stay where we are. >> we would not call yesterday's testimony a pivot, would we? >> no, no. jay powell has been saying the same thing for a long time which is look to the horizon. rates will be lower at some time in the future. look to the next fed meeting. probably not. this is a consistent message. it is a good message for equity markets and it is a good message for...
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Mar 6, 2024
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by fed aichr jay powell and his expectations for job. [car trunk slammed shut] data "squawk box" will be right back. , morgan stanley has offered clients determination and forward thinking to create the future... crowd: stop it! ...only you can see. american announcer: rose, back in the winner's circle. [crowd cheers] [music out] the all new godaddy airo helps you get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo they're waiting for you. hey, do you have a second? they're all expecting more. more efficiency. more benefits. more growth. when you realize you can give your people everything, and more. thank you very much. [applause] ask, "now what?" here's what. you go with prudential to protect, empower and grow. with everything you need to deliver, you guessed it... more. one more thing... who's your rock? learn more at prudential.com >>> nikki haley planning to ex
by fed aichr jay powell and his expectations for job. [car trunk slammed shut] data "squawk box" will be right back. , morgan stanley has offered clients determination and forward thinking to create the future... crowd: stop it! ...only you can see. american announcer: rose, back in the winner's circle. [crowd cheers] [music out] the all new godaddy airo helps you get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website....
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Mar 21, 2024
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." >>> jay powell and the fed maintain the commitment to the rate cuts. >>> the rally rippling through the markets. japan hits an all-time high. >>> equity in the ipo markets as reddit gets set for the first trade which followed a rocket ship of a debut. >>> stellar quarter for micron has the chip sector surging ahead of the open. >>> possible pressure for apple and anti-trust allegations. it's thursday, march 21st, 2024. you're watching "worldwide exchange" right here on cnbc. >>> good morning and welcome to "worldwide exchange." thank you for being here with us. let's get you ready for the trading day ahead and the check of the u.s. stock futures with the dow, s&p and nasdaq all coming off record closing highs and looking to push deeper into the green this morning. the futures market is strong showing for all three. the nasdaq is opening up .75% higher. you see the dow looking like it would open up more than 100 points higher. we are paying attention to small caps with the russell indicating gains. you have to see small caps rising 2% with super micro in the red today. and80 s&p 500
." >>> jay powell and the fed maintain the commitment to the rate cuts. >>> the rally rippling through the markets. japan hits an all-time high. >>> equity in the ipo markets as reddit gets set for the first trade which followed a rocket ship of a debut. >>> stellar quarter for micron has the chip sector surging ahead of the open. >>> possible pressure for apple and anti-trust allegations. it's thursday, march 21st, 2024. you're watching...
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Mar 7, 2024
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you have jay powell testifying in washington. he is in no rush. >> what would gdp and global growth rate get and what is the demand for oil and gas at the end of the day? high interest rates stifle the global growth around the world and here in the united states. it does have an impact on demand at the end of the day. that is the cycle of the business. >> ryan, thank you. ryan lance from conoco phillips. andrew, back to you. >>> thank you, becky. when we come back, steven mnuchin to the rescue. the former treasury secretary and investors giving troubled new york bank corp the latest. >>> and the anti-defamation league's jonathan greenblatt will talk about corporate america and how they battle rising anti-semitism. we are back with that and more after this. >> announcer: currency check is sponsored by interactive brokers. the best informed investors choose interactive brokers. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sle
you have jay powell testifying in washington. he is in no rush. >> what would gdp and global growth rate get and what is the demand for oil and gas at the end of the day? high interest rates stifle the global growth around the world and here in the united states. it does have an impact on demand at the end of the day. that is the cycle of the business. >> ryan, thank you. ryan lance from conoco phillips. andrew, back to you. >>> thank you, becky. when we come back, steven...
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Mar 18, 2024
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let me say, i think jay powell is doing an excellent job as the chair of the fed. he is keeping the process apolitical. that's fundamental, i think, to the way a central bank has to operate. >> dennis lockhart, thank you for getting up early for us today. i appreciate that. >> thank you. >>> let's check on the top corporate stories with silvana henao who joins us. silvana. >> contessa, good morning. the biden administration is calling on the senate to move quickly on the bill to force tiktok's parent company to sell the social media company. the call by national security adviser john kirby comes after the senate cleared with overwhelming support. senate majority leader chuck schumer said he is in no rush on the bill the and congress must as a second package of funding bills by friday's deadline. >>> we are watching shares of boeing this morning. down about 1% in the pre-market. now, this is plane problems and the faa and united airlines say they will each investigate the incidents with the united planes which lost a panel on friday. ground crews discovered the plan
let me say, i think jay powell is doing an excellent job as the chair of the fed. he is keeping the process apolitical. that's fundamental, i think, to the way a central bank has to operate. >> dennis lockhart, thank you for getting up early for us today. i appreciate that. >> thank you. >>> let's check on the top corporate stories with silvana henao who joins us. silvana. >> contessa, good morning. the biden administration is calling on the senate to move quickly on...
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Mar 4, 2024
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. >> now fed chair jay powell will give the view from the top this week after congressional testimony on mondayetary policy kicking on wednesday. >>> let's how things are going this morning after the friday session which was the second session for the stoxx 600 moving higher. we are finding gains, but they are marginal. it is about how that will last throughout the day and find impetus throughout the rest of the day as well. the tech counters have been pushing things along out of the united states. so is the ppi and cpi as we move to the questions of inflation and rates in europe and the jobs data out of the united states with the nfp and adp and jolts moving the needle across the week. for now, you are seeing marginal gains for the european markets. here is how things are faring overall for the european market picture. we are seeing mixed trading as i have been noting at .25% weaker for the ftse 100 from the uk. just last week, actually, that gained .23%. that was the second positive session on the week. on the week, closing down .30%. that was out of step with the rest of the market
. >> now fed chair jay powell will give the view from the top this week after congressional testimony on mondayetary policy kicking on wednesday. >>> let's how things are going this morning after the friday session which was the second session for the stoxx 600 moving higher. we are finding gains, but they are marginal. it is about how that will last throughout the day and find impetus throughout the rest of the day as well. the tech counters have been pushing things along out of...
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Mar 7, 2024
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one of the things that fed chair jay powell told congress over the last couple of days, specifically today, is that the u.s. is fairing better than just about every other advanced economy in the world out there. and one of those is china, which is the second biggest economy in the world. there's no doubt, if you look at the data, they can sugar coat it all they want, but china is nowhere near as good as the u.s. you've been critical of china. do you think that chinese story has played out enough to the downside versus what we're seeing here in the u.s.? >> yeah, i don't think so. i think investing in communism long-term has never worked. let's just go back and look at msci china's index. in the last 30 years, if you invested in the china index, you're at break even. you haven't made a penny. think about that. in the last 15 years, china's economy has grown, reportedly, 500% gdp, and if you invested in the shanghai index 15 years ago, you've lost a third of your money. imagine investing in an economy that's grown 500% and losing a third of your money. i mean, it doesn't matter if it's
one of the things that fed chair jay powell told congress over the last couple of days, specifically today, is that the u.s. is fairing better than just about every other advanced economy in the world out there. and one of those is china, which is the second biggest economy in the world. there's no doubt, if you look at the data, they can sugar coat it all they want, but china is nowhere near as good as the u.s. you've been critical of china. do you think that chinese story has played out...
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Mar 15, 2024
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from jay powell to goldman sachs. a mixedsis and which key player is bullish on the year ahead? it is friday, march 15th, 2024. you are watching "worldwide exchange" here on cnbc. >>> welcome back to "worldwide exchange." i'm dominic chu in for holfrank hol holland. the dow stamping the three-day winning streak yesterday and right now the dow is implied higher by 34. s&p by 6 and the nasdaq higher by one point right now. we are preparing to wrap up the trading week and all three are holding on to thin gains right now. all up .50% to .1%. bitcoin prices are testing new highs this week, but pulling back with the levels at $67,091. that is down 3.25%. one stock weighing on sentiment is adobe. the weaker forecast is overshadowing an otherwise strong quarter as investments in artificial intelligence continue to payoff. the ceo praised the adobe advances in a.i. just on cnbc yesterday. >> i think the research that exis exists is incredible. not just openai, but adobeas well. i look at the text-to-video in what it relates with the models and embedding that with premium pro. >> it is ou
from jay powell to goldman sachs. a mixedsis and which key player is bullish on the year ahead? it is friday, march 15th, 2024. you are watching "worldwide exchange" here on cnbc. >>> welcome back to "worldwide exchange." i'm dominic chu in for holfrank hol holland. the dow stamping the three-day winning streak yesterday and right now the dow is implied higher by 34. s&p by 6 and the nasdaq higher by one point right now. we are preparing to wrap up the trading...
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Mar 20, 2024
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>> can't avoid watching for the fed, what the fed does what jay powell says. watching from a high perch. yesterday 18th s&p 500 knew all-time high of this calendar year. that's basically a record pace of all-time highs. go back decades. the most record high s&p done in a calendar year around 72. we got 18 and about a quarter. that basically annualized to just about best ever. can't obviously counter on us continuing to click thus way. i point out we've flattened outalities in the s&p the last weeks. churn underneath the surface. much of technology has actually sort of lost a little bit of momentum, but enough things are working we are clicking higher. you minced the bond market. i like to look at government bonds in price terms getting a sense where buyers might want to come in, where they have in the past. this is the government, u.s. treasury etf of all maturities average maturity nets out to about seven, eight years. you see a line. basically aside tr that liquidation we had back in the late summer and the fall when ten year went to 5% people worried about
>> can't avoid watching for the fed, what the fed does what jay powell says. watching from a high perch. yesterday 18th s&p 500 knew all-time high of this calendar year. that's basically a record pace of all-time highs. go back decades. the most record high s&p done in a calendar year around 72. we got 18 and about a quarter. that basically annualized to just about best ever. can't obviously counter on us continuing to click thus way. i point out we've flattened outalities in the...
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Mar 22, 2024
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why is that meaningful after jay powell say he is not as concerned about inflation? >> i do think they are over-optimistic when we look at the setup of where we are historically. you see a second wave of inflation with a late cycle the phenomena with tight inflation and tight commodities. when you have those two setups and on top of the fuel on the fire with the fiscal spending and we are looking at the tight commodities. that's why i'm looking at the ppi. we see metals and energy and cocoa. we need to start paying attention to the signs that the economics are really telling us and the fmoc is trying to be optimistic and reassure about the three cuts and as we go down the road and when we come to september, they will have to start changing their tune. >> you know, you are not the only person worried about re reinflation. blackrock was on yesterday and was focused on that. >> the fed interest rate tool does not impact the heavy levels. healthcare cost and education cost and insurance. there is a dynamic in part why the fed is right to say the last mile is hard. bringi
why is that meaningful after jay powell say he is not as concerned about inflation? >> i do think they are over-optimistic when we look at the setup of where we are historically. you see a second wave of inflation with a late cycle the phenomena with tight inflation and tight commodities. when you have those two setups and on top of the fuel on the fire with the fiscal spending and we are looking at the tight commodities. that's why i'm looking at the ppi. we see metals and energy and...
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Mar 21, 2024
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you had the recession fears baked into the market and the fed and the jay powell press conference on the side of putting the rate cuts coming through. >> we will use flash this morning with the stoxx 600 with the fresh record high. we had highs on the dax in recent days. what we are seeing is the concentration of bets in technology and not just in the united states, but breadth coming from japan to the european markets. does that continue? do you think there is more momentum in the european sn markets? >> absolutely. a lot of the market gains we had so far have been led by the big stocks in europe and the united states. the valuations of the smaller stocks in the markets are not the challenging. the earnings is not challenging for the stocks out of the earnings recession. that should be supportive for the stocks. we have seen that this morning. >> can we dig into the weeds? record highs at the moment. a lot of val tue traps out ther with the auto sector. you are a top fund manager. what are you doing next? >> what we would suggest is stay inv invested. a lot of cash on the sidelines
you had the recession fears baked into the market and the fed and the jay powell press conference on the side of putting the rate cuts coming through. >> we will use flash this morning with the stoxx 600 with the fresh record high. we had highs on the dax in recent days. what we are seeing is the concentration of bets in technology and not just in the united states, but breadth coming from japan to the european markets. does that continue? do you think there is more momentum in the...
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Mar 8, 2024
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a lot of this came after what we heard from jay powell. he was speaking again before congress and yesterday he said -- this is key. yardeni pointed this out. powell said we are waiting to become more confident that inflation is moving sustainably at 2%. it will be appropriate to dial back the level of restrictions. that is what the market heard. not far from it. as a result, you saw treasury yields pull back. the ten-year yield at 4.07%. the two-year yield at 4.49%. >> it is interesting because it is all based on inflation. we haven't even any definitive proof that the economy is going to fall off a cliff. maybe we can get that today. maybe he knows something. when he said we're getting closer and closer, i thought that was really interesting. i don't know how easy it will be for the last bit of inflation. the last mile of inflation. i thought he was more dovish than i thought. >> i was surprised, too. what we have been talking about is could there be a possibility of rate hikes. >> or non. >> the indication was sticky and does it pick up.
a lot of this came after what we heard from jay powell. he was speaking again before congress and yesterday he said -- this is key. yardeni pointed this out. powell said we are waiting to become more confident that inflation is moving sustainably at 2%. it will be appropriate to dial back the level of restrictions. that is what the market heard. not far from it. as a result, you saw treasury yields pull back. the ten-year yield at 4.07%. the two-year yield at 4.49%. >> it is interesting...
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Mar 21, 2024
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we heard from the fed and jay powell and company. we see the ten-year yield at 4.22. you see sharp movements. you can check out gold which is on a record run as well. it is over $2,200. bitcoin is coming back from yesterday's lows of around 61,000. check it out now. 67,000. joe, what he said yesterday sounded, to me, they are being patient in terms of when they raise rates. >> cut rates. >> took the idea -- >> when they are going to cut. >> yes. he said these are the highs we are looking at closely. >> now i sound like kevin morris. starting with the "so." six months ago, they said three and people said five or six. we like five or six. then, we slowly come to realize that we would kill for three and maybe we don't get any. now he says three and water happy. >> he didn't say three. the dot plots said three. >> the fed is basically saying that these hot inflation numbers that we have seen the past two months on transitory. we're back to transitory. >> yes, i would take it deeper and i'll talk to steve about this in a second. to me, he probably didn't want to switch pos
we heard from the fed and jay powell and company. we see the ten-year yield at 4.22. you see sharp movements. you can check out gold which is on a record run as well. it is over $2,200. bitcoin is coming back from yesterday's lows of around 61,000. check it out now. 67,000. joe, what he said yesterday sounded, to me, they are being patient in terms of when they raise rates. >> cut rates. >> took the idea -- >> when they are going to cut. >> yes. he said these are the...
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Mar 15, 2024
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what does jay powell try to do at the upcoming meeting? boy, i really think he -- if he had his druthers he would try to leave basically everything exactly where it is now. retain that optionality that the market seems to have, could be three, could be four cuts this year. he did say they're getting close, but he said, you know, we're not quite there yet. so i think he really does want to just stall a little while longer to make sure that things are not, in fact, going back up. >> is there a -- i assume there is a faction of the committee that still is not convinced that you don't have to suppress labor demand, you don't have to slow the economy more in order to be sure that inflation is heading to target. there's been a lot of talk about whether the dot plot might change as a result of some of that thinking. i guess how much might that matter if at all? >> so it's funny, i completely agree with the premise that there's a wide range of views. in fact, during the 15 years that i was at the fed, at one point i had a boss who was fond of sayi
what does jay powell try to do at the upcoming meeting? boy, i really think he -- if he had his druthers he would try to leave basically everything exactly where it is now. retain that optionality that the market seems to have, could be three, could be four cuts this year. he did say they're getting close, but he said, you know, we're not quite there yet. so i think he really does want to just stall a little while longer to make sure that things are not, in fact, going back up. >> is...
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Mar 18, 2024
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one, nvidia ceo and jay powell. which one has greater market moving potential? >> plus, march madness officially kicking off this week and the games have changed dramatically. now players are allowed to make money which cleared the way for ea sports to bring back an old favorite and play -- pay players for their names and likenesses. we will get that -- back to back. two straight losing week spirit had not happened since october. you can see the nasdaq is leading the way higher by about 1%. the s&p 500 not too far behind and the dow jones national average of 3/10 of a percent. ai optimism boosting tech stocks and not just in video which we have already seen. google and apple may be working together. those reports both helping those two stocks as well. >> now to the two big events that markets will watch this week. first up jensen wong, nvidia ceo delivering the keynote. that is today at 4:00 p.m. eastern. everyone wants to know what he will say about demand for aig chips and what they have in the pipeline. coming up n wednesday, jay powell, we will hear from the
one, nvidia ceo and jay powell. which one has greater market moving potential? >> plus, march madness officially kicking off this week and the games have changed dramatically. now players are allowed to make money which cleared the way for ea sports to bring back an old favorite and play -- pay players for their names and likenesses. we will get that -- back to back. two straight losing week spirit had not happened since october. you can see the nasdaq is leading the way higher by about...
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Mar 7, 2024
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chairman. >>> all right, the gavel has come down ending fed chair jay powell's testimony on day two, this time before the senate. really underscoring what he has said over the past couple of days, that rate cuts are coming late they are year if the economy and the fed chair's words does, as expected, the stock market obviously liking that once again because we do have a rally on wall street. bond yields are falling. the ten year hitting a one-month low at 4.11%. we have a lot to get to. i have the investmentcommittee here. we'll get to a lot of stuff. i want to bring in senior economics reporter steve liesman. steve, that is the headline of what the chair said today. rates are coming if the economy does as expected and what he started to say yesterday. >> reporter: yeah. i think it's very much a repeat, scott, of that. the economy is in a good place, talking about the u.s. being the best of the advanced economies, waiting to be more confident to cut rates. a lot of talk about fiscal policy for the housing market and a deep dive coming on the balance sheet. scott, i think the story he
chairman. >>> all right, the gavel has come down ending fed chair jay powell's testimony on day two, this time before the senate. really underscoring what he has said over the past couple of days, that rate cuts are coming late they are year if the economy and the fed chair's words does, as expected, the stock market obviously liking that once again because we do have a rally on wall street. bond yields are falling. the ten year hitting a one-month low at 4.11%. we have a lot to get...
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Mar 18, 2024
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pacific time or jay powell wednesday? >> i'm of the mind that there's a little more debate and a little more interpretation that's over with powell. look, nvidia's gone up and it's just levitated no matter what anybody says and no matter what anybody thinks and what the street believes it's worth and so i feel like we're more dependent on the broader economy and even the broader market on powell. >> mike, thank you. good to see you. mike santoli. coming up, the tesla shares are rallying and we'll debate the call next. ♪♪ ♪♪ ♪♪ ♪♪ this is our future, ma. godaddy airo. creates a logo, website, even social posts... in minutes! -how? -a.i. (impressed) ay i like it! who wants to come see the future?! get your business online in minutes with godaddy airo at pgim, finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite, backed by over 145 years of risk experience, helps investors meet their goals. pgim investments. shaping tomorrow today. >>> back to the halftime repor
pacific time or jay powell wednesday? >> i'm of the mind that there's a little more debate and a little more interpretation that's over with powell. look, nvidia's gone up and it's just levitated no matter what anybody says and no matter what anybody thinks and what the street believes it's worth and so i feel like we're more dependent on the broader economy and even the broader market on powell. >> mike, thank you. good to see you. mike santoli. coming up, the tesla shares are...
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Mar 22, 2024
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remind everyone jay powell's term is in place until may of 2026. >> how about clarida? pup pull you back in. >> we're on. >> good to have you. >>> when we come back, what a moderator has to say about overseeing the reddit site and the company's ipo. rich, stick arndou. learn more about reddit. "squawk box" will be right back. you! your business bank account with quickbooks money now earns 5% apy. (♪♪) that's how you business differently. intuit quickbooks. >>> welcome back, everybody. reddit popping nearly 50% first day of trading on the new york stock exchange. some of the investors taking part in the company's public debut had close ties to the site. reddit actually offered 8% of shares to a select group of users and moderators in a direct share program. however, not everyone in the group took part in that ipo. one member of the reddit community who did not joins us. courtney swearingen currently moderates along side the day job as an attorney. courtney, thanks a lot for being here this morning. >> thanks for having me. >> i'm not sure everyone knows. we've talked
remind everyone jay powell's term is in place until may of 2026. >> how about clarida? pup pull you back in. >> we're on. >> good to have you. >>> when we come back, what a moderator has to say about overseeing the reddit site and the company's ipo. rich, stick arndou. learn more about reddit. "squawk box" will be right back. you! your business bank account with quickbooks money now earns 5% apy. (♪♪) that's how you business differently. intuit...
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Mar 13, 2024
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a pce report and jay powell testified on capitol hill saying in part rate cuts are coming. . with that information these financial decision-makers have rate cut expectations that are largely in line with the market, forecasting a cut between june and september. important to note, no cut in the march to may meeting, but they did see a scenario where they would not cut until 2025. >>> the fed's go is to get it down 2%. a quarter say it will happen this year but the overwhelming majority say the inflation fight will take until 2025 or possibly even longer. >>> time now for a check on more of this morning's headlines. nbc's frances rivera in new york with the latest. great to see you. >> hi, frank, good morning. a historic presidential rematch is in the work as the fresh round of primary results are in the works. they have each won enough delegates to become the presumptive nominees, essentially setting up a sequel to the 2020 election. >>> meanwhile the house majority is getting smaller. ken buck will be stepping down next week. he said he will not be running for re-election thi
a pce report and jay powell testified on capitol hill saying in part rate cuts are coming. . with that information these financial decision-makers have rate cut expectations that are largely in line with the market, forecasting a cut between june and september. important to note, no cut in the march to may meeting, but they did see a scenario where they would not cut until 2025. >>> the fed's go is to get it down 2%. a quarter say it will happen this year but the overwhelming majority...
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Mar 5, 2024
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jay powell is set to speak to congress in the two-day testimony across the week. we have a lot to unpack when it comes to the jobs market. we have jolts data and adp which is private payroll and non-farm payroll numbers. we look to head weaker today and losing momentum across the u.s. trade with the tech counters taking a hit. the nasdaq dropping off as we head towards that trading picture. t tesla fell 7% yesterday. we have been noting apple taking a hit. thank you for joining us across the show today. trt signs" is done. "worldwide exchange" is up next. whoa, how did you defeat them? with a little kung fu strength and by connecting my devices to the most powerful force of all. skadoosh. hah, huh? cool right? amazing. harness the power of xfinity internet and stay connected to the things you love. ah, they'll be like this for hours. hello dad, hello dad, hello da. uh-oh. good bunnies. ahh! >>> it is 5:00 a.m. here at cnbc global headquarters and here is your "five@5." >>> we begin with stocks pulling back again this morning as wall street hovers below all-time hi
jay powell is set to speak to congress in the two-day testimony across the week. we have a lot to unpack when it comes to the jobs market. we have jolts data and adp which is private payroll and non-farm payroll numbers. we look to head weaker today and losing momentum across the u.s. trade with the tech counters taking a hit. the nasdaq dropping off as we head towards that trading picture. t tesla fell 7% yesterday. we have been noting apple taking a hit. thank you for joining us across the...
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Mar 11, 2024
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we felt inflation was on the right track and then jay powell said it seems it is on the right track, but they need more he have evidence. you are in the camp of a hotter inflation report. what happens then? >> i think that the market will get a little more defensive without a doubt. we already saw hotter than p ex expected ppi. they have been range bound all year. economists thought we were falling. the expectation is 2.7%. that means we could get a hotter than expected number in the next inflation print. if that's the case, powell will move slowly and the market is coming back to thinking that three rate cuts are in the mix for this year. that was down from six which is what we believed at the beginning of the year. if that is potentially threatened to be less than that, then we could see the markets just continue to wonder about whether or not 23 times pe makes sense. >> a lot hinges on the cpi. gina sanchez, thank you. >>> time for the check of the top corporate stories with silvana henao. silvana, good morning. >> frank, good morning. the road show for reddits is set to kickoff t
we felt inflation was on the right track and then jay powell said it seems it is on the right track, but they need more he have evidence. you are in the camp of a hotter inflation report. what happens then? >> i think that the market will get a little more defensive without a doubt. we already saw hotter than p ex expected ppi. they have been range bound all year. economists thought we were falling. the expectation is 2.7%. that means we could get a hotter than expected number in the next...
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Mar 25, 2024
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powell with his efforts to tame inflation. for our international allocation, it is a drag, but overall, this is a positive on the inflation front. >> i want to get your take on the markets. earlier in the show, we had a new note from goldman. they see 5,200 they see a scenario where they see mega cap tech move to 6,000. do you agree or disagree >> i don't know about the exact number, but we're not abandoning technology it is way too important everywhere in the economy. it is not just tech companies right now. if you are not a tech-enabled company, you are likely losing ground we think this development and innovation from silicon valley and other places is here to stay it is a permanent trend. we don't think it's low valuation, of course, so you want to be careful where you go. you have to be in technology if you are looking into the future. >> you are all about technology. do you agree in the sentiment with the goldman sachs note? you don't know if it is 6,000 s&p year-end number, but agree with the thesis. you are one of the
powell with his efforts to tame inflation. for our international allocation, it is a drag, but overall, this is a positive on the inflation front. >> i want to get your take on the markets. earlier in the show, we had a new note from goldman. they see 5,200 they see a scenario where they see mega cap tech move to 6,000. do you agree or disagree >> i don't know about the exact number, but we're not abandoning technology it is way too important everywhere in the economy. it is not...
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Mar 28, 2024
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data is coming out and jay powell is speaking a lot of events for the market at this stage. we are trading at fresh records on the dax and the cac 40. let's take a look at the sectors. most trading positive. a couple of patches of red on the boards this morning, as we look at is the tohe sectors, stronger areas are travel and leisure big stock gauiners with a coupl of to move the needle on the stocks as we gear up for the end of the quarter i think we are not showing you the stocks we are not showing the stocks. we have bigger effifish to fry. we have to talk about the bunny and cocoa. >>> we have bunnies to fry sorry. we are not talking about real bunnies, but chocolate bunnies it is easter this weekend and chocolate at the front of my mind many of yours, as well the key ingredient, cocoa, has soared in prices soared is an understatement. p parabolic on the chart it is because of disease and extreme weather hampered production in the countries like the ivory coast which produce cocoa. it is a sad story. >> it is a sad story there is also climate change reasons with the soar
data is coming out and jay powell is speaking a lot of events for the market at this stage. we are trading at fresh records on the dax and the cac 40. let's take a look at the sectors. most trading positive. a couple of patches of red on the boards this morning, as we look at is the tohe sectors, stronger areas are travel and leisure big stock gauiners with a coupl of to move the needle on the stocks as we gear up for the end of the quarter i think we are not showing you the stocks we are not...
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Mar 22, 2024
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this is jay powell's favorite. we are no longer fighting the fed. they don't seem inclined to raise rates when they are supposed to be cutting them. even if we hear a lot of noise about overheated inflation numbers i would consider it a buying opportunity. let's go to sean in texas. >> hey. i have a question about a stock i originally bought for the dividend yield. pioneer. it's going back up some in the merger with pioneer and exxon. would it be a good idea to sell? >> you should will that money. i tell members what they should own. ct ra. that's a better value now. pioneer is trapped by the price of exxon. let's go to kevin. >> hey. what's up? >> what's your thought on nike with the shift in strategy? traffic is up 36% and of january and february seems like a buying opportunity. >> i've been struggling. there's a really good quarter. i don't want to hear about them not spending money on sporting goods. nike has to try to bottom before i'll recommend it. it's got a great name but the next quarter. let's go to greg in illinois. >> so happy to peak t
this is jay powell's favorite. we are no longer fighting the fed. they don't seem inclined to raise rates when they are supposed to be cutting them. even if we hear a lot of noise about overheated inflation numbers i would consider it a buying opportunity. let's go to sean in texas. >> hey. i have a question about a stock i originally bought for the dividend yield. pioneer. it's going back up some in the merger with pioneer and exxon. would it be a good idea to sell? >> you should...
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Mar 15, 2024
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jay powell has been much more responsible with not pushing us off a cliff in recent years. garden-variety put backs can be redeemed, but they can be trickier with decent opportunities as long as you stay away from high yield there's that can be less attractive. mad money will be back right after the break. a force to be reckon with. no, not you saquon. hm? you! your business bank account with quickbooks money, now earns 5% apy. 5% apy? that's new! yup, that's how you business differently. it's time. yes, the time has come for a fresh approach to dog food. everyday more dog people are deciding it's time to quit the kibble and feed their dogs fresh food from the farmer's dog. made by vets and delivered right to your door precisely portioned for your dog's needs. it's an idea whose time has come. rylee! from rylee's realty! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with
jay powell has been much more responsible with not pushing us off a cliff in recent years. garden-variety put backs can be redeemed, but they can be trickier with decent opportunities as long as you stay away from high yield there's that can be less attractive. mad money will be back right after the break. a force to be reckon with. no, not you saquon. hm? you! your business bank account with quickbooks money, now earns 5% apy. 5% apy? that's new! yup, that's how you business differently. it's...
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Mar 6, 2024
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coyote build the calm before the storm as the dollar is steady ahead of jay powell's testimony and the uk budget. we'll be looking at the pound dollar and what that will look like a little bit later on yesterday's services industry data did push the dollar lower, the greenback now in a tight range, around a 60% chance of a rate cut in june according to the cme fed watch tool. >>> now, donald trump is closing in on the republican presidential nomination after super tuesday. nbc news projecting he has secured victory in 14 of the 15 gop races. that leaves trump just over 150 delegates away from securing the nomination of 1,057 so far. >>> speaking in florida as the results rolled in, trump said he expected his victories to bring harmony. >> all of the problems that you have today, i don't think you would have had any of them you'd only have success. that's what's going to unify this country and this party. you have a grit party with tremendous talent and we're going to have unity and it's going to happen very quickly i've been saying success will bring unity to our country. >> trump's la
coyote build the calm before the storm as the dollar is steady ahead of jay powell's testimony and the uk budget. we'll be looking at the pound dollar and what that will look like a little bit later on yesterday's services industry data did push the dollar lower, the greenback now in a tight range, around a 60% chance of a rate cut in june according to the cme fed watch tool. >>> now, donald trump is closing in on the republican presidential nomination after super tuesday. nbc news...
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Mar 14, 2024
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earnings come in 10%- higher yer over year and jay powell saying the rate cuts on coming. these financial decision makers have also had rate cut exp expectations in line with the market. forecasting a cut between june and september. no cfo forecast a cut in the may meeting, but 7% said they see a scenario where the fed will not cut until 2025. the overwhelming majority say the inflation fight will take until 2025 and possibly longlonger. back to you. >> i'm speaking to the ecb chief economist philip lane in an hour and a half. >>> investors are looking for key data and jobless claims and ppi data set to cross the wires ahead of the fed decision due next week. karen, you want to move on to talk about other stories? >> i know you are excited about retail sales. >>> u.s. lawmakers in the house of representatives overwhelming by ppas pass ed a bill to ban t. tiktok ceo's said this is leading to the app ban in the united states. >> we have invested to keep your data safe and our platform free from outside manipulation. we are continued to do so. this legislation, if signed into
earnings come in 10%- higher yer over year and jay powell saying the rate cuts on coming. these financial decision makers have also had rate cut exp expectations in line with the market. forecasting a cut between june and september. no cfo forecast a cut in the may meeting, but 7% said they see a scenario where the fed will not cut until 2025. the overwhelming majority say the inflation fight will take until 2025 and possibly longlonger. back to you. >> i'm speaking to the ecb chief...
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Mar 20, 2024
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jay powell said that at the last meeting, where he doesn't have to wait for every signal to begin lowering rates. he knows leaving them at this level is, itself, a danger to the economy. >> that's very interesting. julia, let me conclude with you, to pick up on what david just sort of referenced there, and that is the idea that the fed might cut rates before, it doesn't have to wait for perfection, it might cut rates before inflation gets to 2%, not waiting until it does. >> yes, absolutely. the fed still believes in long and variable lags in monetary policy, and chair powell has said point blank, if we wait till we get to 2%, we'll likely have waited too long. again, nobody thinks 5.5% is the neutral rate. so this is not the right place to be once you have gained confidence that inflation is moving in the right direction. some judicious cuts are in order, and likely, you know, when chair powell spoke before congress in recent weeks, he said they need just a little bit more data showing that inflation is moderating. january and february probably didn't meet that bar. in fact, we have some
jay powell said that at the last meeting, where he doesn't have to wait for every signal to begin lowering rates. he knows leaving them at this level is, itself, a danger to the economy. >> that's very interesting. julia, let me conclude with you, to pick up on what david just sort of referenced there, and that is the idea that the fed might cut rates before, it doesn't have to wait for perfection, it might cut rates before inflation gets to 2%, not waiting until it does. >> yes,...
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Mar 20, 2024
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we're watching for signal from jay powell and company. >>> still in the early stages, what nvidia is telling jim cramer on the back of the compy's new chips. >>> and the faa setting off a rece
we're watching for signal from jay powell and company. >>> still in the early stages, what nvidia is telling jim cramer on the back of the compy's new chips. >>> and the faa setting off a rece
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Mar 12, 2024
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what we need, brian, what the fed can't do as far as i know, the fed and jay powell do not have hard hats and cranes and a construction company to build houses. there is a housing shortage in this country, so we may be stuck with persistently high housing inflation, and that may be something that is outside of the realm of monetary policy, unless what you hope is if they do lower rates, it spurs construction and trying to solve this supply/demand issue that we have. again, it's unclear if the fed really wants to be motivated by that. i do think there is some scope for those hard hats and cranes, brian, for the fed to solve the housing problem. >> the state bird of nashville, the crane. steve liesman, thank you very much. it's not a state, but you get my point. >>> no matter what the fed does at the next meeting, which is next week, one of our next guests says "the alchemy of low rates is over." while broad spending is strong rngs there are plenty signs of potential slowdowns. how should you be positioned now based on the data? joining us is the head of investments at thornburg invest
what we need, brian, what the fed can't do as far as i know, the fed and jay powell do not have hard hats and cranes and a construction company to build houses. there is a housing shortage in this country, so we may be stuck with persistently high housing inflation, and that may be something that is outside of the realm of monetary policy, unless what you hope is if they do lower rates, it spurs construction and trying to solve this supply/demand issue that we have. again, it's unclear if the...
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Mar 5, 2024
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we'll hear from jay powell on the hill. >> a big day tomorrow. >>> to the judge and "the half." >>> carl, thanks so much. welcome to "the halftime report." i'm scott wapner. front and center this hour, the apple sell-off. now the investment committee debating how far the stock might fall and what to do. joining me jim lebenthal, josh brown, shannon saccocia, sarat sethi. a red day across the board and decidedly so led by the nasdaq. many of the big names, every mega cap stock's lower. uber down about 4%, tesla, sales force. it's pretty ugly. the biggie, jim, is apple. it's been hanging around right at that line but did dip below as i look at it in real time. we're right there at 170. >> it's a heavy tape this is what a heavy tape looks like. >> a heavy stock and a good tape. that's the problem. >> that is the problem. sales are worse than expected. anybody who is fundamental on the stock looking at china as an area that is gangbusters because of what the economy is doing. at the end of the day this is still apple. the services business is fabulous. i'm not particularly very bullish on th
we'll hear from jay powell on the hill. >> a big day tomorrow. >>> to the judge and "the half." >>> carl, thanks so much. welcome to "the halftime report." i'm scott wapner. front and center this hour, the apple sell-off. now the investment committee debating how far the stock might fall and what to do. joining me jim lebenthal, josh brown, shannon saccocia, sarat sethi. a red day across the board and decidedly so led by the nasdaq. many of the big...
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Mar 27, 2024
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powell when he speaks later this week, that will be some of the concerns he rattled the market with him saying we may not get a soft market landing the markets pulling back until they get confirmation data stateside, a bit of a fade on some of the big names across the ai universe, and picking up on some of the trends, a flat open start. not where we were when we wrapped up yesterday the stocks are at different plays and sectors. i can tell you retail at the top of the boards this morning oil and gas at the bottom though we've got to a retreat here. that's despite better than expected data. what we're getting out of the travel agent space, retreat down 0.4% don't forget it's been challenging for boeing talking about how it repairs its image around the culture over the issues that have plagued the company for a number of years. bnps, one of the weaker starters real estate down 0.2%. financials, similar. u.p.s. at the bottom we're talking about the chinese now hitting back against the u.s. and the inflation reduction act and support that's being give on the the big autos. a lot of movi
powell when he speaks later this week, that will be some of the concerns he rattled the market with him saying we may not get a soft market landing the markets pulling back until they get confirmation data stateside, a bit of a fade on some of the big names across the ai universe, and picking up on some of the trends, a flat open start. not where we were when we wrapped up yesterday the stocks are at different plays and sectors. i can tell you retail at the top of the boards this morning oil...
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Mar 1, 2024
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. >> i know jay powell. >> he's not going to renew powell. yeah, never mind. >>> let's move on. let's move on to something more important. >> lilly? >> nycb, jim. new york community bank corp., down 29.5%. let me get to a few -- >> really good idea for them to get that signature last year. >> we've been talking about nycb for some time, but then there was new news. we thought they might be done, so to speak, out of the woods. but we get this release yesterday. >> well, it's too early to buy that stock. >> they have a new ceo. i'm told, by the way, danello is a very serious guy. he steps in as ceo effective immediately. they got rid of their old ceo. they have also made a number of other appointments, but you know, they had some control issues, let's leave it at that. >> we can't leave it at that. this is a multi -- the assets sh t , the apartments may be worth a great deal. the federal reserve, it was a gunshot marriage. >> bring people back here. this is not a large bank. that said, it acquired the portfolio of loans from signature bank, which almost a year ago at this point, i
. >> i know jay powell. >> he's not going to renew powell. yeah, never mind. >>> let's move on. let's move on to something more important. >> lilly? >> nycb, jim. new york community bank corp., down 29.5%. let me get to a few -- >> really good idea for them to get that signature last year. >> we've been talking about nycb for some time, but then there was new news. we thought they might be done, so to speak, out of the woods. but we get this release...
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Mar 13, 2024
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inflation proving stick than markets, and perhaps jay powell, they thought, given the pivot back in november, so will the fed keep a lid on that bullish momentum for the rest to have year? joining me now to discuss are my two guests. i can't think of two better people to have on. good to see you both in the daylight hours. sree, i'm going to start with you. as much as anybody out there, you have been correct in anticipating where the yield also go, what the fed is going to do. let me ask you this, is there a chance that we will see exactly zero rate cuts this year? >> good to be with you again, brian. always a pleasure to be with you. i think that there is a chance we may not have a big cut, not even june, but the rest of the year, unless something else happens. it is not because of inflation coming down, but with interest rates having stayed so high for so long, something breaks in the system. you have onanother major bankin crisis. as we all know, when that happens, the federal reserve gives up on its inflation mandate and employment mandate and becomes a cheerleader for the stock market.
inflation proving stick than markets, and perhaps jay powell, they thought, given the pivot back in november, so will the fed keep a lid on that bullish momentum for the rest to have year? joining me now to discuss are my two guests. i can't think of two better people to have on. good to see you both in the daylight hours. sree, i'm going to start with you. as much as anybody out there, you have been correct in anticipating where the yield also go, what the fed is going to do. let me ask you...
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Mar 20, 2024
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no decision expected on rates, but we're looking at the dot plot, the commentary from jay powell, the summary of economic projections with their gdp. what are you focused on? >> i think we're trying to certificate. for some form of consternation in an environment that can absolutely be defined as tranquil. it's tranquil. the vix is below 15. >> it is? >> we have broad-based opportunities in the capital markets. you can invest in various sectors. you can go outside the u.s. in terms of the federal reserve, the federal reserve comes out and says 75 basis points. we told you 75 basis points. 75 basis points is what you can expect. i think the market will be more than fine with that, and i think the market will continue on its prevailing trend, which is higher. >> so you say we, are you using the royal we? the s&p hit another record high just yesterday. so it seems like investors are feeling confident at least about the market. >> have every reason to. all the reasons are in place to feel confident about the market. >> there's a few people. >> there's the perma bears who are trying to fin
no decision expected on rates, but we're looking at the dot plot, the commentary from jay powell, the summary of economic projections with their gdp. what are you focused on? >> i think we're trying to certificate. for some form of consternation in an environment that can absolutely be defined as tranquil. it's tranquil. the vix is below 15. >> it is? >> we have broad-based opportunities in the capital markets. you can invest in various sectors. you can go outside the u.s. in...
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Mar 21, 2024
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. >> reddit has jay powell for extending out the rally. thank you, mike. that does it for us here on "money movers." over to frank holland and "the halftime report." >>> sara and mike, thank you very much. i am frank holland in for the judge, scott wapner. new tech titans front and center this hour. we have a new a.i. announcement from microsoft just hitting the tape, and we're following the department of justice and its antitrust lawsuit against apple. joining me for the hour to discuss this and much more josh brown, kari firestone, bill baruch and kevin. our steve kovach is at cnbc headquarters with the headlines. steve? >>> microsoft right now launching its first artificial intelligence pcs. these are the surface pro 10 and the surface laptop 6. what makes them different and what isn't a term you can expect to hear a lot this year. they have a special chip inside called a npu that can provide a.i. tasks faster and more efficiently. in icrosoft's case that means co-pilot, of course, the digital assistant, built into windows 11 for business users and micr
. >> reddit has jay powell for extending out the rally. thank you, mike. that does it for us here on "money movers." over to frank holland and "the halftime report." >>> sara and mike, thank you very much. i am frank holland in for the judge, scott wapner. new tech titans front and center this hour. we have a new a.i. announcement from microsoft just hitting the tape, and we're following the department of justice and its antitrust lawsuit against apple....
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Mar 25, 2024
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fed chair jay powell at the press conference did talk in a somewhat dovish way with rate cuts and the committee as a whole was a touch more hawkish and not going overboard and a touch more hawkish take a look. forecasting more than the median of three cuts and just one does now and that's december to the march making projections and nine here at the median and nine forecasting and fewer than three cuts that's it. one duffisovish part was more inflation. don't get too excited about that because the three-cut median survived by only one single vote much depends on inflation reports that are coming friday and actually forecast to rise and the court's expected to move sideways year over year at 2.8% even though it's down a tick month over month and the cleveland fed is not expecting much improvement in the march cpi whiches comes in april and h fed may cut in june or three times and that's the overall average forecast of the market with the futures, but you can't take the dots to the bank. there's a reasonable risk they go later and do less unless the inflation numbers cooperation. so unl
fed chair jay powell at the press conference did talk in a somewhat dovish way with rate cuts and the committee as a whole was a touch more hawkish and not going overboard and a touch more hawkish take a look. forecasting more than the median of three cuts and just one does now and that's december to the march making projections and nine here at the median and nine forecasting and fewer than three cuts that's it. one duffisovish part was more inflation. don't get too excited about that because...
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Mar 18, 2024
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one, nvidia ceo and jay powell. which one has greater market moving potential
one, nvidia ceo and jay powell. which one has greater market moving potential
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Mar 22, 2024
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. >> all systems go after the fed meeting and jay powell, again, saying there would be three rate cuts this year. jim, i want to come over to you, the other side of the coin. upward bias likely to persist. the reiteration of monetary easing plans, despite expect aces of a hotter macro backdrop probably just usher in a new risk on trading. >> i don't know mr. harvey's time frame, and certainly one can say, and i will say i think there will be gains from here until year end, but i think that misses the point of what joe and liz are talking about which is -- and i agree with this -- the correction seems inevitable. joe is wise not to pick the timing. i won't either. i think liz comes up with some valid reasons for how a correction might unfold. but here is the most important thing. and i want to pause here. folks, this is the most important thing about a correction. don't you dare try to time it. don't you dare think you're smart enough to sell now because a correction is happening monday and you're going to get back in two weeks later with the market down 5% or 7%. i'm not trying to be i
. >> all systems go after the fed meeting and jay powell, again, saying there would be three rate cuts this year. jim, i want to come over to you, the other side of the coin. upward bias likely to persist. the reiteration of monetary easing plans, despite expect aces of a hotter macro backdrop probably just usher in a new risk on trading. >> i don't know mr. harvey's time frame, and certainly one can say, and i will say i think there will be gains from here until year end, but i...
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Mar 5, 2024
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the bond market is waiting to hear what fed chair jay powell will say tomorrow. rick santelli is back home safely in chicago. sadly for us. with more on today's action. we do miss you, rick. >> i'll tell you what, dom, it was definitely quite enjoyable to sit at the big desk with you and courtney. and you've nailed it. in front of the humphry hawkins as we used to call it, house financial services committee tomorrow, senate banking committee the following day, the markets are giving him a weak i equity market and frothy treasury market. 10:00 eastern, what was going on, 2, 10 and 30s minus 6.2% on the updated durable goods, biggest month over month drop in nearly four years. transportation, down .4 biggest monthly drop in nine months. then ism services, your employment index. by the way we have two employment numbers this week drops back below 50. all of this, of course, you can see on the charts at 10:00 eastern, any maturity they all move lower. but here is something fascinating. last year the first leg of humphry hawkins, house financial services side was on m
the bond market is waiting to hear what fed chair jay powell will say tomorrow. rick santelli is back home safely in chicago. sadly for us. with more on today's action. we do miss you, rick. >> i'll tell you what, dom, it was definitely quite enjoyable to sit at the big desk with you and courtney. and you've nailed it. in front of the humphry hawkins as we used to call it, house financial services committee tomorrow, senate banking committee the following day, the markets are giving him a...
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Mar 7, 2024
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. >>> imagine what fed chair jay powell will think when, you know, if transactions were 20% because of in. i mean, that is a side thing. great for home buyers and looking to buy a home but in terms of the impact on the economy, there are a lot of implications. >> huge implications when you consider that the federal reserve in the past especially after the financial crisis was targeting housing prices and wealth effect that comes with it. the flip side is true. enormous bubble in terms of assets, financial liquidity everywhere and this isn't make the fed's job any easier. someone that's thought the xhb and a lot of housing duff was toast and we had seen the highs have been wrong. the dynamic around the supply and some of the demographics that are working, obviously you also have baby boomers going in for the second home. i know that seems a little bit greedy at this point when people are looking for the first but there's a lot of demand on the housing market and not a lot of supply and a $10,000 tax credit in and of itself doesn't do it. i think the buyer/seller dynamics are interesting
. >>> imagine what fed chair jay powell will think when, you know, if transactions were 20% because of in. i mean, that is a side thing. great for home buyers and looking to buy a home but in terms of the impact on the economy, there are a lot of implications. >> huge implications when you consider that the federal reserve in the past especially after the financial crisis was targeting housing prices and wealth effect that comes with it. the flip side is true. enormous bubble in...
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i think you will continue to see that dispersion on top of, of course, talking about, what is jay powell going to say in the next couple of days? and is that reminiscent of what bostic told us just yesterday? >> the other thing that we need to worry about, anastasia, is the fed waiting too long to cut. as steve said, if you wait to sniff out the possibility of some economic issues, you look at the data as we referenced today and say, if they wait too long, they are going to defeat from the jaws of victory. it is a very fine line, and he has to thread a very small needle. >> i think that is right, and i do agree with you, scott, that the window is sort of narrow and is narrowing. we talked about this late last year. if they wait the entire year to cut rates, it might actually be too late for parts of commercial real estate, for example, for parts of leveraged loans, and a lot of those structures are counting on rates to move lower in the first half of the year and not the second half, in order to make their financial model mistake -- this sustainable. so, i think there could be a cut in t
i think you will continue to see that dispersion on top of, of course, talking about, what is jay powell going to say in the next couple of days? and is that reminiscent of what bostic told us just yesterday? >> the other thing that we need to worry about, anastasia, is the fed waiting too long to cut. as steve said, if you wait to sniff out the possibility of some economic issues, you look at the data as we referenced today and say, if they wait too long, they are going to defeat from...