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what do you want to focus on with jay powell this morning? >> jay powell comes back to the hill this week, facing two big issues. first, the avalanche and tore os spending has made the fed's job of controlling inflation much tougher. the fiscal stimulus, the avalanche of spending has made it tougher for the fed to get interest rates in the position to lower them. it's higher than the fed's target. households confronted 17% higher prices than they faced under donald trump. so number one, that's going to get a lot of questions, is he going to lower rates. the job against inflation, the biden infl inpl inflation is no. the second point is the biden regulatory policy, trying to push the fed to increase regulatory costs on banks at the moment when they're trying to struggle with those high interest rates that were necessary to fight biden's inflation and nonperforming assets increasing in the commercial real estate sector and other sectors. so i think jay powell will get a lot of questions about what i call pro-cyclical regulatory costs, meaning t
what do you want to focus on with jay powell this morning? >> jay powell comes back to the hill this week, facing two big issues. first, the avalanche and tore os spending has made the fed's job of controlling inflation much tougher. the fiscal stimulus, the avalanche of spending has made it tougher for the fed to get interest rates in the position to lower them. it's higher than the fed's target. households confronted 17% higher prices than they faced under donald trump. so number one,...
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market searching for direction ahead of federal reserve chairman jay powell second day two of testimony, dow industrial of 29, nasdaq up 75, the market extending yesterday's rally after fed chair jay powell told the house financial services committee rate cuts are coming this year. he'll testify once again in front of the senate banking committee right now. we will preview this morning, the house dodging a partial government shutdown after $460 billion funding bill, more stress on the banking sector as the new york community bancorp a new infusion of cash set to receive a billion-dollar investment, everything you need to know about the regionals and the impact on the broader market. european markets are lower, take a look at the eurozone a mixed story with the cat caught up six attacks and accept sexiness and p100 in london is lower by 17, the european central bank making the decision at 8:15 a.m. in asia overnight markets finish mostly lower, look at the asian embassies with the bright spot in korea, the others lowers lower across the board, biden delivers the third state of the union
market searching for direction ahead of federal reserve chairman jay powell second day two of testimony, dow industrial of 29, nasdaq up 75, the market extending yesterday's rally after fed chair jay powell told the house financial services committee rate cuts are coming this year. he'll testify once again in front of the senate banking committee right now. we will preview this morning, the house dodging a partial government shutdown after $460 billion funding bill, more stress on the banking...
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jay powell will testify before the senate banking committee. what was your take away from the financial services committee yesterday and what he said and how he actually said immigration was one of the reasons that the economy is growing. >> well, he's looking at things -- we're feeling he's looking a at things what holistically. that's more government spending. we espent $450 billion last yean processing and settlement of illegals. if that's added into the gdp numbers, that's not exactly product i've the. what i heard yesterday was largely a very sober interpretation of where things are. it was more holistic than chairman powell has been in the past. they agreed they were very slow in dealing with inflation, two years ago they were calling it transitory. now the most rapid increase of interest rates ever. that's where it is. powell said some very important things. bbasel three is going to have broad and material change as he stated. he also stated that spending was minimizing the level of inflationary growth and a they're going to be staying t
jay powell will testify before the senate banking committee. what was your take away from the financial services committee yesterday and what he said and how he actually said immigration was one of the reasons that the economy is growing. >> well, he's looking at things -- we're feeling he's looking a at things what holistically. that's more government spending. we espent $450 billion last yean processing and settlement of illegals. if that's added into the gdp numbers, that's not exactly...
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to announce she is stepping down and will exit the campaign, and if jay powell on the hill speaking to the financial services committee in the house. i want to thank my guests this morning, great show, you guys. >> thank you, maria. >> thank you. maria: great to see you all. we will see you soon. see you again tomorrow, same time, same place. stu, take it away. stuart: good morning, everyone. it has been a i tumultuous 24 hours in politic the
to announce she is stepping down and will exit the campaign, and if jay powell on the hill speaking to the financial services committee in the house. i want to thank my guests this morning, great show, you guys. >> thank you, maria. >> thank you. maria: great to see you all. we will see you soon. see you again tomorrow, same time, same place. stu, take it away. stuart: good morning, everyone. it has been a i tumultuous 24 hours in politic the
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so what do you think we'll hear from jay powell on this week, wednesday and thursday? >> well, certainly the fed speak really in the last several weeks has been around the concept of continuing caution while they they see a lot of progress has been made, they don't want to act prematurely and i think looking at the rising inflation we've had really since mid-2022, again, they're really wanting to make sure they can counter act that by ensuring that the data is coming in sufficiently supportive of their case to really be able to begin to move to a pivot and so we expect chair powell to continue that messaging here as he testifies before both the house and the senate, really in terms of just continuing to emphasize the data dependence and need for continuing evidence before really moving further. maria: mark ten r, jump in -- mark tepper, jump in here. >> i expect jay powell to double down on the rhetoric of the fed being in no rush to cut rates any time soon. when you look at what's happening and go back throughout history around the globe, whenever there's a high infli
so what do you think we'll hear from jay powell on this week, wednesday and thursday? >> well, certainly the fed speak really in the last several weeks has been around the concept of continuing caution while they they see a lot of progress has been made, they don't want to act prematurely and i think looking at the rising inflation we've had really since mid-2022, again, they're really wanting to make sure they can counter act that by ensuring that the data is coming in sufficiently...
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markets are on the move ahead of a major week of retail earnings and jay powell's testimony on capitol hill. we'll talk with the word on wall street panelists coming up with their expectations, what will jay powell say about lower interest rates? you're watching "mornings with maria" live on fox business. ♪ in a rocky mountain setting spanning over 280,000 acres. three forks ranch is the destination for luxury and adventure. enjoy fly fishing and america's finest trout stream. kick back for intimate performances from the best in country music. enhance your wellness and longevity through our mayo clinic programs, or plan your meeting for a memorable corporate retreat. discover the west kept secret. go to three forks ranch.com to book your luxury experience. get help reaching your goals with j.p. morgan wealth plan, a digital money coach in the chase mobile® app. use it to set and track your goals, big and small... and see how changes you make today... could help put them within reach. from your first big move to retiring poolside - and the other goals along the way. wealth plan can h
markets are on the move ahead of a major week of retail earnings and jay powell's testimony on capitol hill. we'll talk with the word on wall street panelists coming up with their expectations, what will jay powell say about lower interest rates? you're watching "mornings with maria" live on fox business. ♪ in a rocky mountain setting spanning over 280,000 acres. three forks ranch is the destination for luxury and adventure. enjoy fly fishing and america's finest trout stream. kick...
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Mar 21, 2024
03/24
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jay powell keeping rates unchange signaling rate cuts on the bored, we have reaction, do not credit the fed for inflation's decline we're on that you are watching "mornings with maria" live on fox business, stay with us. . ♪ ♪ . ♪ ♪ next. next. stop. we got it? no. keep going. aga... [ sigh ] next. next. if you don't pick one... oh, you have time. am i keeping you from your job. next. i don't even know where i am anymore. stop. do we finally have it? let's go back to the beginning. are you... your electric future. customized. the fully-electric audi q4 e-tron. ♪ ♪ (♪) is bad debt holding you back? ♪ the only limit is the sky ♪ ♪ it's our time ♪ ♪ you don't want to miss it (just a little bit louder) ♪ ♪ it's our time ♪ ♪ you don't want to miss it ♪ ♪ it's your moment in the spotlight ♪ all your ambitions. all in one app. low fixed rates. borrow up to $100k. no fees required. sofi. get your money right®. why choose a sleep number smart bed? can it keep me warm when i'm cold? wait. no i'm always hot. sleep number does that. now, save up to $1,000 when
jay powell keeping rates unchange signaling rate cuts on the bored, we have reaction, do not credit the fed for inflation's decline we're on that you are watching "mornings with maria" live on fox business, stay with us. . ♪ ♪ . ♪ ♪ next. next. stop. we got it? no. keep going. aga... [ sigh ] next. next. if you don't pick one... oh, you have time. am i keeping you from your job. next. i don't even know where i am anymore. stop. do we finally have it? let's go back to the...
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all eyes are on jay powell and the fed. he won't have a rush to cut rates. >> real quick, final word. >> jetblue termination is because of the government stepping in. they are doing it too much and it's antibusiness. >> they don't want to see companies get bigger. thank you everybody. see you same place. varney and company picks it up. >> what a week
all eyes are on jay powell and the fed. he won't have a rush to cut rates. >> real quick, final word. >> jetblue termination is because of the government stepping in. they are doing it too much and it's antibusiness. >> they don't want to see companies get bigger. thank you everybody. see you same place. varney and company picks it up. >> what a week
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Mar 20, 2024
03/24
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eastern and hear directly from jay powell at 2:30 on the path forward. we'll see if he's a little more hawkish than usual. i think that's what came out today. you agree with that? >> there's no reason to lower now, that's for sure. expectations have been ratcheted back. maria: thomas, great of to have you, come back soon is. have a great day, everybody. "varney & company" pick it up. stu, take it away. stuart: good morning, everyone. try to find the news on the border these days, and you'll get whiplash. late tuesday the supreme court said it's okay for authorities in texas to arrest illegal migrants. just a couple of hours later a
eastern and hear directly from jay powell at 2:30 on the path forward. we'll see if he's a little more hawkish than usual. i think that's what came out today. you agree with that? >> there's no reason to lower now, that's for sure. expectations have been ratcheted back. maria: thomas, great of to have you, come back soon is. have a great day, everybody. "varney & company" pick it up. stu, take it away. stuart: good morning, everyone. try to find the news on the border these...
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senator markwayne mullin joining us a break markets on move ahead of jay powell's two-day testimony before house financial services committee and senate banking committee kicks off tomorrow, pete najarian is here with his thoughts on the humphrey-hawkins testimony you are watching "mornings with maria" live on fox business. . . before you use ai to transform business, accelerate growth, predict trends, you need to begin with trust. introducing watsonx governance. helping you govern any ai, as data, models, and policies change, so you can scale it responsibly. let's create ai that begins with trust, with watsonx governance. ibm. let's create. when i was your age, we never had anything like this. what? wifi? wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi with wall-to-wall coverage on all your devices, even when everyone is online. maybe we'll even get married one day. i wonder what i will be doing? probably still living here with mom and dad. fast reliable
senator markwayne mullin joining us a break markets on move ahead of jay powell's two-day testimony before house financial services committee and senate banking committee kicks off tomorrow, pete najarian is here with his thoughts on the humphrey-hawkins testimony you are watching "mornings with maria" live on fox business. . . before you use ai to transform business, accelerate growth, predict trends, you need to begin with trust. introducing watsonx governance. helping you govern...
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thank you for being here what are your expectations for jay powell this morning. >> i think he will come out a little bit more hawkish than he did in his last testimony he talked about three rate cuts in 2024 and i'm old enough to remember when we were at six or seven rate cuts for 2024 which was a few months ago but now were looking at rate cuts and originally going to start marching moved to june, it's likely there could be a one and done and no rate cuts because of inflation, the last 1% to get to target is going to be very tough and there is a risk that inflation could really accelerate. we may not see rate cuts for some time and i think he will allude to that that they will be very cautious in the first cut and rates. maria: was that the issue for markets yesterday it was a broad-based selloff now industrials down better than 400 points and aspect into it at 67, dragged down by three tech stocks which are getting hammered apple down after report revealed the iphone sales in china plunged 24% for six weeks of the year tesla was down and also with china the shutdown of the berlin fact
thank you for being here what are your expectations for jay powell this morning. >> i think he will come out a little bit more hawkish than he did in his last testimony he talked about three rate cuts in 2024 and i'm old enough to remember when we were at six or seven rate cuts for 2024 which was a few months ago but now were looking at rate cuts and originally going to start marching moved to june, it's likely there could be a one and done and no rate cuts because of inflation, the last...
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Mar 18, 2024
03/24
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powell famously looks at core services, throwing out commodities and goods and housing, that is his definition of inflation signal that is only looking at 35% of the basket. i am looking at twice that stripping out the stuff the lagy stuff trying to improve signal to noise ratio in measurement of inflation the important part. maria: things americans care about, are faced with everyday price of food go to the grocery store sticker shock the price of you know -- >> also exactly things the confessed can't do anything about, what is it that you think the fed can do to lower gasoline prices cause a depression, 20% interest rate that would be get a serve up consumers we are worried about. maria: i understand what you are saying so you are expecting the fed to cut rates beginning when don? >> so at this point i am kind of where market is at i think probably july. but, you know, i don't think any kind of inflation plrj i don't think fed sm raise rates but i will tell you for sure, every fed spokesman constantly saying how tight the fed policy is this isn't dots, there is a longer term that
powell famously looks at core services, throwing out commodities and goods and housing, that is his definition of inflation signal that is only looking at 35% of the basket. i am looking at twice that stripping out the stuff the lagy stuff trying to improve signal to noise ratio in measurement of inflation the important part. maria: things americans care about, are faced with everyday price of food go to the grocery store sticker shock the price of you know -- >> also exactly things the...
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Mar 20, 2024
03/24
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we expect jay powell to speak at 2:30 p.m. eastern. one portfolio manager said traders are expecting high rates but the real economies does not. jim juror jordan is here at 8:. eastern. don't miss that. you're watching "mornings with maria" live on fox business. ♪ everyone say, “space pod.” cheese. [door creaks open] [ominous music] (♪) [ding] meanwhile, at a vrbo... when other vacation rentals are just for likes, try one you'll actually like. before you use ai to transform business, accelerate growth, predict trends, you need to begin with trust. introducing watsonx governance. helping you govern any ai, as data, models, and policies change, so you can scale it responsibly. let's create ai that begins with trust, with watsonx governance. ibm. let's create. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire maria: welcome back. time for the word on wall stre
we expect jay powell to speak at 2:30 p.m. eastern. one portfolio manager said traders are expecting high rates but the real economies does not. jim juror jordan is here at 8:. eastern. don't miss that. you're watching "mornings with maria" live on fox business. ♪ everyone say, “space pod.” cheese. [door creaks open] [ominous music] (♪) [ding] meanwhile, at a vrbo... when other vacation rentals are just for likes, try one you'll actually like. before you use ai to transform...
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Mar 15, 2024
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we want to look at what jay powell may say in that guidance, inflation data of course, giving the fed more reasons to delay rate cuts until later this year. we'll get into it with the word on wall street panel and their expectations. don't miss it. you're watching "mornings with maria" live on fox business. we'll be right back. ♪ straight up now tell me do you really want to love me forever. ♪ or am i caught in a hit and run. ♪ straight up now tell me is it gonna be you and me together. ♪ or are you just having fun to get lost in investment research. get help with j.p morgan personal advisors. hey, david! ready to get started? work with advisors who create a plan with you, and help you find the right investments. so great getting to know you, let's take a look at your new investment plan. ok, great! this should have you moving in the right direction. thanks jen. get ongoing advice; and manage your investments in the chase mobile app. (vo) explore the world the viking way from the quiet comfort of elegant small ships with no children and no casinos. we actually have reinvented
we want to look at what jay powell may say in that guidance, inflation data of course, giving the fed more reasons to delay rate cuts until later this year. we'll get into it with the word on wall street panel and their expectations. don't miss it. you're watching "mornings with maria" live on fox business. we'll be right back. ♪ straight up now tell me do you really want to love me forever. ♪ or am i caught in a hit and run. ♪ straight up now tell me is it gonna be you and me...
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Mar 20, 2024
03/24
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powell at 2:30 p.m. eastern after the meeting concluded at 2:00 o'clock and perhaps will get clarity on what the fed is on rate cuts, joining the fitz-gerald group principal keith fitz-gerald. great to see you, the fed is in a bind according to knecht amorose who was with us yesterday with the wall street journal because the last month of inflation really were hotter than expected do you keep up the fight of inflation to take the inflation down with more rate hikes or do you deal with the market expecting that you very been successful in taking inflation way down and start cutting rates, what are you expecting? >> that's an interesting question. i am the latter the markets are forward-looking which is data-driven and data looking in the rearview mirror, i would like to see the strategic decisions going forward. maria: rebecca you heard from christine legarde from the european central bank. i want to talk about what you read from that. here is jim grant his interest-rate observer founder was with us last
powell at 2:30 p.m. eastern after the meeting concluded at 2:00 o'clock and perhaps will get clarity on what the fed is on rate cuts, joining the fitz-gerald group principal keith fitz-gerald. great to see you, the fed is in a bind according to knecht amorose who was with us yesterday with the wall street journal because the last month of inflation really were hotter than expected do you keep up the fight of inflation to take the inflation down with more rate hikes or do you deal with the...
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Mar 21, 2024
03/24
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markets higher across the board after jay powell said to expect three rate cuts this year and three more over the next two years all three major nbc closed in record territory since the first time since november 2021, what a performance with the dow industrial 401 and the nasdaq 202 at the close yesterday. everything investors are watching. initial jobless claims in the philadelphia fed and ducks at 8:30 a.m. eastern. european markets are mixed, the eurozone factually higher. the bank of england making this decision we will have that news. in asia overnight markets finished higher with the exception of the shanghai composite, the cosby in korea to win 3%. the biden family influence peddling catching up as a former business associate of hunter biden testifies on capitol hill giving a list of crimes that he said they are guilty of this as house democrats sweep the growing evidence under the rug, james comer and vice president biden to testify on the foreign influence peddling as the impeachment investigation is now heating up. strategic wealth partner mark tepper, gop strategist and cyber
markets higher across the board after jay powell said to expect three rate cuts this year and three more over the next two years all three major nbc closed in record territory since the first time since november 2021, what a performance with the dow industrial 401 and the nasdaq 202 at the close yesterday. everything investors are watching. initial jobless claims in the philadelphia fed and ducks at 8:30 a.m. eastern. european markets are mixed, the eurozone factually higher. the bank of...
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jay powell will address the house tomorrow and the senate on thursday. what that could mean for potential rate cut coming up. the word on wall street panel is here to weigh in. don't miss it. you're watching "mornings with maria" live on fox business. we'll be right back. ♪ you'll be my something sweet. ♪ i'll be your strong and steady. ♪ you'll be my glass of wine. ♪ i'll be your shot of whiskey. ♪ i'll be your shot of whiskey. ♪ you'll be my sunny day. ♪ i'll be your shade tree. ♪that like your workplace benefits and retirement savings. voya helps you choose the right amounts without over or under investing across all your benefits and savings options. so you can feel confident in your financial choices. ♪ they really know how to put two and two together. voya, well planned, well invested, well protected. ♪ i have type 2 diabetes, but i manage it well ♪ ♪ jardiance! ♪ ♪ it's a little pill with a big story to tell ♪ ♪ i take once-daily jardiance ♪ ♪ at each day's start! ♪ ♪ as time went on it was easy to see ♪
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Mar 27, 2024
03/24
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powell is trying to do look. it is holy week i want to end on beautiful note because you wrote an incredible book, to museum took me on a tour to met pollan museum of part pointed out the painting 1562 to 1563 how it applies during the blessed holy week. >> this is one of the largest oil paintings in the world 2 two feet high, 33-feet long, hangs at the louvre across from mona lisa the christ first miracle turned to wine, a precursor of tomorrow the passover, supper last supr with apostles quotes, painting after da vinci quotes did vinci's painting of last supper. >> i was going to say reminds me of last supper. >> in milan insspectacular. >> so that is the sacrifice of the lamb sacrifice of christ, also to easter because christ who died in this time 1600 years earlier with all these people a portrait of people of the age. maria: i love it. >> we are all invited to the feast for the party when you look at good friday looks kind of sad going to end well going to end in a big -- >> your thoughts, i wish you a bless
powell is trying to do look. it is holy week i want to end on beautiful note because you wrote an incredible book, to museum took me on a tour to met pollan museum of part pointed out the painting 1562 to 1563 how it applies during the blessed holy week. >> this is one of the largest oil paintings in the world 2 two feet high, 33-feet long, hangs at the louvre across from mona lisa the christ first miracle turned to wine, a precursor of tomorrow the passover, supper last supr with...
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indicated a decline for the dow industrials but again for the nasdaq and s&p 500 even just barely, jay powell takes on worries of the banking system yesterday in his testimony to the senate banking committee, the u.s. banking system can handle this issues in commercial real estate while he signaled more banks may fall in the regulations are coming. we will preview the regulations while awaiting key job stated this morning. it is jobs friday the fibroid jobs report out at 8:30 a.m. eastern, all hands on deck. european markets are mixed, take a look at the eurozone, the s&p 100 and bonded as lower by 33, the cat crown in paris is higher by 17 and dax index in germany lower by ten. in asia overnight green across the board, take a look at asia you will see the best performer overnight, the korean index, cosby index one and a quarter percent, the others will be higher fractionally. joining the conversation gop strategist joe pinion, cheryl casone and lonski group founder john mann ski. "mornings with maria" is live right now. ♪ ♪ ♪. maria: time for the hot topic of the hour president
indicated a decline for the dow industrials but again for the nasdaq and s&p 500 even just barely, jay powell takes on worries of the banking system yesterday in his testimony to the senate banking committee, the u.s. banking system can handle this issues in commercial real estate while he signaled more banks may fall in the regulations are coming. we will preview the regulations while awaiting key job stated this morning. it is jobs friday the fibroid jobs report out at 8:30 a.m. eastern,...
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Mar 22, 2024
03/24
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. >> jay powell to speak 9:00 a.m. maybe people expecting him more hawkish that is maybe going on you said you are buying energy related seats is that where you want to allocate capital? anywhere else you want to mention. >> well, i think for sure there, and i think that when you look at ai, really has expand, so no longer just an nvidia story amd, story you can see what happened micron's earnings, absolutely crushed it i think ai space has plenty of room to the upside there are interesting stocks out there you could select. >> we leave it there great to catch up with you pete, thanks. >> thank you. >> pete najarian joining us this morning. we'll be right back.. . the best advice i ever got was to invest with vanguard for my retirement. the second best? stay healthy enough to enjoy it. so i started preparing physically and financially. then you came along and made every mile worth it. hi mom. at vanguard you're more than just an investor, you're an owner. helping you prepare for today's longer retirement. that's the va
. >> jay powell to speak 9:00 a.m. maybe people expecting him more hawkish that is maybe going on you said you are buying energy related seats is that where you want to allocate capital? anywhere else you want to mention. >> well, i think for sure there, and i think that when you look at ai, really has expand, so no longer just an nvidia story amd, story you can see what happened micron's earnings, absolutely crushed it i think ai space has plenty of room to the upside there are...
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Mar 19, 2024
03/24
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powell tomorrow at 2:30 p.m. ian. we'll find some clarity in what he's thinking about a cut in interest rates. you heard jeffly lacquer say they're not as -- jeffrey lacker or. stu, take it away. stuart: good morning, everyone. the ceo of nvidia updates the company's a.i. chipsing talks about the glowing future for the company. it's the stock that's tom may noted the technology world this year
powell tomorrow at 2:30 p.m. ian. we'll find some clarity in what he's thinking about a cut in interest rates. you heard jeffly lacquer say they're not as -- jeffrey lacker or. stu, take it away. stuart: good morning, everyone. the ceo of nvidia updates the company's a.i. chipsing talks about the glowing future for the company. it's the stock that's tom may noted the technology world this year
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Mar 15, 2024
03/24
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powell on capitol hill said close to that rate cut but seeing inflationary data especially from cpi, ppi last two months, there is nothing on the table saying, we should be cutting inflation sticky here i want to see if that narrative changes if it continues to tick up, we won't be talking cuts but i still think stabilizing in the general direction they like but earliest cut in june may be to test waters but fist meeting in a row we stay flat, as i mentioned ahead watch 10-year spiked first time in a while yesterday, we had that big move what happened? the russell down 2% small caps absorbing higher longer now under pressure so that is what i am watching. maria: maybe, but look. with this inflation data that we got this week, i spoke with jim grant founder of and editor of grant interest rate observer said fed may change mind to say 3% is fine on inflation we don't have to go to 2% target, i know what maybe a cut is actually not coming it could turn into a rate rise watch this. . >> you are not expecting a cut in rates anytime soon. >> no. the thing -- the three-ish is fine. >> 3% in
powell on capitol hill said close to that rate cut but seeing inflationary data especially from cpi, ppi last two months, there is nothing on the table saying, we should be cutting inflation sticky here i want to see if that narrative changes if it continues to tick up, we won't be talking cuts but i still think stabilizing in the general direction they like but earliest cut in june may be to test waters but fist meeting in a row we stay flat, as i mentioned ahead watch 10-year spiked first...
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Mar 11, 2024
03/24
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it's all about the economic data this week and the inflation path that jay powell and the fed are watching, the question with the cpi is being just right and not too hot. they are looking at not only the cpi but also something called the core cpi which xs out food an energy. later in the week we get the pulse of the consumer, not only on retail but also on friday with manufacturing data which will give us another glimpse in terms of whether the channels are getting stuffed with inventory or the demand from consumer and business is still good so there's a lot this week, just on economics. but you bring it back to the fed, they've got a lot of fed meetings before i think we see the first fed cut. march, april, more chatter. june is where the market expects the first rate cut. could be july. but directionally we view it as cfra as more important for the markets than absolutely when they start to cut rates. maria: it's an important sort of calendar to look at because we've been waiting for this rate cut and now we're pretty much consensus is in june and the ecb also expects it to be in june. a
it's all about the economic data this week and the inflation path that jay powell and the fed are watching, the question with the cpi is being just right and not too hot. they are looking at not only the cpi but also something called the core cpi which xs out food an energy. later in the week we get the pulse of the consumer, not only on retail but also on friday with manufacturing data which will give us another glimpse in terms of whether the channels are getting stuffed with inventory or the...
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powell told the committee won't start cutting interest rates until confident inflation under control suggested cuts are coming will test before senate banking committee today piper sandler, jake, did you hear anything new from fed what do you expect. >> i don't think surprise powell continue to over steer on inflation given logarithm missed by upside,tremendous last six months pce, strip out shelter, so we are clearly there in terms of target, but they fear a surprise to upside fear labor market too tight january print i think freaked them out they changed messaging on that that is going to unwind through the months a door wide-open if they want more cuts i think what is interesting with you look at market m terms of how pricing fed out right? on average the market looking 3 to 4, by -- of next year, but very bimodal the undergo risk preconditions in economy distribution of potential outcomes for growth, have a negative skew to them, right about 80 administrators chance right now fed does nothing this year, but 20% chance they do a lot, right so that is how we're kind of managing tha
powell told the committee won't start cutting interest rates until confident inflation under control suggested cuts are coming will test before senate banking committee today piper sandler, jake, did you hear anything new from fed what do you expect. >> i don't think surprise powell continue to over steer on inflation given logarithm missed by upside,tremendous last six months pce, strip out shelter, so we are clearly there in terms of target, but they fear a surprise to upside fear labor...
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Mar 14, 2024
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jay powell was a partner before he got to the federal reserve board. in early discussions during the fomc meetings he would point out that private equity is getting frothy, this is 10 years ago and one not need to feed the flames or froth and 10 years passed with lower rates and easier access to credit and with the fed's expressed expectation that rates would remain low more or less forever. maria: it sounds like -- well, jim, i guess i shouldn't buy bitcoin right now, then? >> yes. well, bitcoin and i have never understood each other. [laughter] maria: that's true. jim, when you joined me back in december, you said that the u.s. dollar has been on a long slide with respect to purchasing power. i want to ask you about that. because we have $34 trillion in debt and fox business' white house correspondent edward lawrence spoke with janet yellen yesterday about the dollar. watch this. >> are you concerned about chipping away at the reserve currency status? >> i think the dollar has always been and i believe will remain the most important reserve currency.
jay powell was a partner before he got to the federal reserve board. in early discussions during the fomc meetings he would point out that private equity is getting frothy, this is 10 years ago and one not need to feed the flames or froth and 10 years passed with lower rates and easier access to credit and with the fed's expressed expectation that rates would remain low more or less forever. maria: it sounds like -- well, jim, i guess i shouldn't buy bitcoin right now, then? >> yes. well,...
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Mar 21, 2024
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up next, the federal reserve leaves interest rates unchanged, jay powell expects three more rate cuts, however, three rate cuts in total to come this year as some of wall street say we won't see a rate cut until july at the earliest. we're talking about it with the word on wall street panel coming up right here. you're watching "mornings with maria" live on fox business. ♪ the best advice i ever got was to invest with vanguard for my retirement. the second best? stay healthy enough to enjoy it. so i started preparing physically and financially. then you came along and made every mile worth it. hi mom. at vanguard you're more than just an investor, you're an owner. helping you prepare for today's longer retirement. that's the value of ownership. oh, it's cold outside. time to protect your vehicle from winter's wrath. of course, the hot sun can be tough on vehicles too. you need weathertech. laser measured floorliners and cargo liner will shield the carpeting from sand and snow. for your interior, there's seat protector and sunshade. plus, mud flaps and bumpstep for the exterior. whil
up next, the federal reserve leaves interest rates unchanged, jay powell expects three more rate cuts, however, three rate cuts in total to come this year as some of wall street say we won't see a rate cut until july at the earliest. we're talking about it with the word on wall street panel coming up right here. you're watching "mornings with maria" live on fox business. ♪ the best advice i ever got was to invest with vanguard for my retirement. the second best? stay healthy enough...
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powell going to feel better right now betting many start to shift back to maybe earlier rate cuts not right now, about four maybe shift back to may be five. >> this market, fractionally moving now, you said it was really the employment rate unemployment rate rather that was. >> -- remember north of 4% fed gets ready to take victory lap. >> 4% unemployment rate would be a positive your take john in terms of what most important from this report right now. >> well, you know, if we have a tight labor market that is reflected in wage growth at 4.3% year-over-year wage stroeth is strong we have to remember some of this fast wage growth is by-product of minimum wage ticks a lot of minimum wage ticks are squeezing smaller businesses i am thinking restaurants in particular i have a friend a neighborhood bar and grill telling me because of the minimum wage hike now paying dishwasher 1,000 dollars a week, 52,000 dollar a year job, just to wash dishes. works hard but who would have thought that would be the case. maria: i think a really good point you are making i was at a schwartzman conference
powell going to feel better right now betting many start to shift back to maybe earlier rate cuts not right now, about four maybe shift back to may be five. >> this market, fractionally moving now, you said it was really the employment rate unemployment rate rather that was. >> -- remember north of 4% fed gets ready to take victory lap. >> 4% unemployment rate would be a positive your take john in terms of what most important from this report right now. >> well, you...
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Mar 26, 2024
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i think deep down jay powell is worried about commercial real estate loans that are held in the midrange of the banking sector and i believe a big wall of debt is coming in the next few months and i think he's worried, if we get bad headlines and about commercial real estate. is it the stock market could have an 8 - 10% break. as of now take money off the top, by new and hedged it with options on the downside. maria: cheryl, jump in. i know you're tracking what will get here they grounded the week. we have the gdp mpc index thursday or friday. >> obviously were to get durable goods today and that's would be potentially a market mover. as far as the gdp numbers, obviously the growth of the country we are seeing a multifactor slowdown. if you look at the current reports that were getting whether cpi, ppi or pce, that's my question, at what point does the stock market start to truly react to the data? it's great to look at bitcoin and i'm gladys service got environment to maria's point in the market has so far this year been phenomenal. at what point do you expect a diptych common and is th
i think deep down jay powell is worried about commercial real estate loans that are held in the midrange of the banking sector and i believe a big wall of debt is coming in the next few months and i think he's worried, if we get bad headlines and about commercial real estate. is it the stock market could have an 8 - 10% break. as of now take money off the top, by new and hedged it with options on the downside. maria: cheryl, jump in. i know you're tracking what will get here they grounded the...
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Mar 19, 2024
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we will hear from jay powell afternoon. then the power panel is back at 8:00 a.m. eastern. arkansas governor mike huckabee with steamboat institute kaylee mcghee white. they will be with me for the entire a.m. hour with their thoughts on the stories of the day. you're watching "mornings with . we'll be right back. ♪ ♪ ♪ so i started preparing physically and financially. then you came along and made every mile worth it. hi mom. at vanguard you're more than just an investor, you're an owner. helping you prepare for today's longer retirement. that's the value of ownership. (♪) is bad debt holding you back? ♪ the only limit is the sky ♪ ♪ it's our time ♪ ♪ you don't want to miss it (just a little bit louder) ♪ ♪ it's our time ♪ ♪ you don't want to miss it ♪ ♪ it's your moment in the spotlight ♪ all your ambitions. all in one app. low fixed rates. borrow up to $100k. no fees required. sofi. get your money right®. hi. i'm wolfgang puck when i started my online store wolfgang puck home i knew there would be a lot of orders to fill and i wanted them
we will hear from jay powell afternoon. then the power panel is back at 8:00 a.m. eastern. arkansas governor mike huckabee with steamboat institute kaylee mcghee white. they will be with me for the entire a.m. hour with their thoughts on the stories of the day. you're watching "mornings with . we'll be right back. ♪ ♪ ♪ so i started preparing physically and financially. then you came along and made every mile worth it. hi mom. at vanguard you're more than just an investor, you're an...
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here's fed chief jay powell yesterday, signaling a retreat in capital requirements for mayor juror banks as part of the basel 3 end game proposals. >> basel 3 rules are not directly related, not the thing that's directly related to silicon valley bank. my view is that it will be appropriate to make material and broad changes to that before we finalize it. >> material and broad changes to strengthen the rules? >> we'll talk about what that will mean in the end. i didn't say we would withdraw the rules. >> you are the leader of the fed. you talked about getting tougher on the banks. but now the giant banks are unhappy about that and you have gone weak kneed on this. the american people need a leader at the fed who has the occourage to stand up to the bas and protect our financial system. maria: dennis, your reaction? >> vitriol between the senator from massachusetts and the chairman of the federal reserve bank was atypical. i haven't seen that kind of vitriol in a discussion of congress in a long period of time. i was surprised by how severe she had been with chairman powell and the discus
here's fed chief jay powell yesterday, signaling a retreat in capital requirements for mayor juror banks as part of the basel 3 end game proposals. >> basel 3 rules are not directly related, not the thing that's directly related to silicon valley bank. my view is that it will be appropriate to make material and broad changes to that before we finalize it. >> material and broad changes to strengthen the rules? >> we'll talk about what that will mean in the end. i didn't say we...
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Mar 18, 2024
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powell says at the press conference in terms of the possibility of further moves in rates this time lower. sean, what are your expecting and how would you put money to work here? >> good morning, maria. thanks for having me i'm expecting the same things we've been hearing from the fed. inflation over the long run the trend has been coming down but interestingly enough in the short run it's trending back up. i think that's the most important signal that i think the fed will be paying you attention to. they're going to be very, very strong i think in they terms of trying to get that inflation down to the 2% number. the thing they're fighting against that's coming across the bottom of the screen and that's oil. oil at 81 or over, that's going to put upward pressure on prices so i would expect we're going to continue to hear the same message from the fed which is they'll continue to be cautious, they're going to be looking at the data and so with regard to the markets and where you put money today, overall the market's a little expensive and it seems to me like it's overly reliant on a
powell says at the press conference in terms of the possibility of further moves in rates this time lower. sean, what are your expecting and how would you put money to work here? >> good morning, maria. thanks for having me i'm expecting the same things we've been hearing from the fed. inflation over the long run the trend has been coming down but interestingly enough in the short run it's trending back up. i think that's the most important signal that i think the fed will be paying you...