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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 6, 2024
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we have testimony from jay powell. we have been unpacking that for you, two days of testimony kicks off today at 3:00 p.m. u.k. time. the bloomberg analysis is the expectation that powell will reiterate that patience around cuts. maybe he will remind investors and the market that the most likely next move is a cut rather than a hike. the resilience of the u.s. economy is something he is expected to articulate. jay powell with the testimony and potential market reaction to that, as of course, we came out of the gates at the front end of the year with expectations for as many as seven cuts, that has been pared back to three right now. job openings will build out the picture on the labor market in the united states. coming up, we will speak to the dhl group ceo to discuss the logistics company's earnings. some details around the shareholder buyback as well. this is bloomberg. ♪ ♪ tom: welcome back now. though u.k. chancellor is expected to cut two percentage points from the payroll tax national insurance in his spring
we have testimony from jay powell. we have been unpacking that for you, two days of testimony kicks off today at 3:00 p.m. u.k. time. the bloomberg analysis is the expectation that powell will reiterate that patience around cuts. maybe he will remind investors and the market that the most likely next move is a cut rather than a hike. the resilience of the u.s. economy is something he is expected to articulate. jay powell with the testimony and potential market reaction to that, as of course, we...
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Mar 4, 2024
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jay powell will be giving testimony. u.k. budget on wednesday and on thursday an update to the forecast. yields up, selling pressure for treasuries. up a 10th of a percent on the euro. bitcoin crossed above 64,000. currently flat and we will get more details because oil steadied after opec-plus extended production cuts. let's bring in bloomberg energy reporter. how is the market reacting to the extension. what will the reaction look like? >> terry reaction is they are not seeing prices search. if this were an opec-plus cut, maybe we get more price reaction but there is a view in the market that there is still froth in the market, excess supply. demand is not able to eat up the oil being produced so a continuation of cuts was expected. this provides a floor on prices, it's not a bearish situation and this is not happened yet. that leads to a situation where prices could stabilize depending on other parts of the market. tom: putting a floor on the market. what is the focus for the oil market beyond this announcement? >> tension
jay powell will be giving testimony. u.k. budget on wednesday and on thursday an update to the forecast. yields up, selling pressure for treasuries. up a 10th of a percent on the euro. bitcoin crossed above 64,000. currently flat and we will get more details because oil steadied after opec-plus extended production cuts. let's bring in bloomberg energy reporter. how is the market reacting to the extension. what will the reaction look like? >> terry reaction is they are not seeing prices...
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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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jay powell again signaling rate cuts will happen this year. the fed chair suggesting significant changes to the capital plans fiercely opposed by wall street banks. haidi: struggling lender n.y.c. b. getting a vote of confidence. annabelle: china's top economic officials defend their ambitious target and hint at a liquidity boost to help get there. haidi: let's get you straight to the markets. a pretty reasonable set up in asia and we have a bit of downside as we get into the first part of the staggered trading session here in sydney, about .2% author straight into the middle of trade. we are expecting a rise across the region. interest rates will likely fall this year. there's been so much managing of excitation 10 -- excitations in terms of the timing and the extent of easing we can expect from the fed and we have seen some of that drastic repositioning within certain parts of the market as well. so we are watching the dollar that fell to a mom -- a one-month low after the soft u.s. jobs data and that congressional testimony from jay powell
jay powell again signaling rate cuts will happen this year. the fed chair suggesting significant changes to the capital plans fiercely opposed by wall street banks. haidi: struggling lender n.y.c. b. getting a vote of confidence. annabelle: china's top economic officials defend their ambitious target and hint at a liquidity boost to help get there. haidi: let's get you straight to the markets. a pretty reasonable set up in asia and we have a bit of downside as we get into the first part of the...
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Mar 7, 2024
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stocks mixed in asia after fed chair jay powell said he still expects u.s. interest rates to fall this year. let's bring in former bloomberg's mliv team. what will the takeaway be from the fed meeting later this month, what did you take from what we heard from jay powell? >> good morning. i think that the fed unleashed a lot of spirits on the markets. when they did a dovish dot plot indicating three rate cuts in 2024. since then, the incoming data has shown the economy is doing well with the cumulative great heights -- rate hikes we have seen. the labor market is still going strong. the disinflationary narrative that we saw has stalled for now. so there is hardly any incentive for the fed to greenlight those three rate cuts that they signaled again when they meet in march. i think that they will take back one of the rate cuts that they had penciled in. that will leave us with two great cuts. that ties into what the cash carrier has said recently. i do think there is a hawkish out that we should expect from the fed this month. tom: that's really interesting.
stocks mixed in asia after fed chair jay powell said he still expects u.s. interest rates to fall this year. let's bring in former bloomberg's mliv team. what will the takeaway be from the fed meeting later this month, what did you take from what we heard from jay powell? >> good morning. i think that the fed unleashed a lot of spirits on the markets. when they did a dovish dot plot indicating three rate cuts in 2024. since then, the incoming data has shown the economy is doing well with...
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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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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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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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Mar 18, 2024
03/24
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where fed chair jay powell has been reluctant to make a call on how the u.s. economy has changed since the pandemic. the feds economic projections for the long haul have hardly changed since 2019 and investors are growing frustrated over policymakers lack of conviction. furthermore, let's bring in our guest for some analysis from the big take and we know that there are risks to calling out any sort of changes or new futures in the u.s. economy, not least politically in the election year, but is that what is holding jay powell back at this point in time? >> it is interesting because i think what you are seeing here is a disconnect with what a lot of companies and investors are experiencing on the ground where they are saying this labor market resilience, this tightness they are experiencing seems like they are kind of settling in for the long haul and they are seeing that change in the overall economic picture. we really have not gotten that really robust forecast update from the fed in quite a while. at this point, traders are pricing in something like 3.5% lo
where fed chair jay powell has been reluctant to make a call on how the u.s. economy has changed since the pandemic. the feds economic projections for the long haul have hardly changed since 2019 and investors are growing frustrated over policymakers lack of conviction. furthermore, let's bring in our guest for some analysis from the big take and we know that there are risks to calling out any sort of changes or new futures in the u.s. economy, not least politically in the election year, but is...
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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 21, 2024
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we think about jay powell promising to be volcker 2.0. i have to be honest he feels more like burns. the reason burns is burns he blamed congress, he cannot do the right thing because congress kept browbeating him. do you think there is some sort of pressure? we heard from elizabeth warren, bernie sanders and maybe pressure from the white house on jay powell as well? >> we say on the podcast all the time, everybody has a plan until they get punched in the space. particularly fed chairman, they see any sort of stress they jump. a year ago in ma when svb headline came out, all of sudden opened up the bank lending program. that told the market they're quick to react in response to anything that is relatively negative. he is not paul volcker. paul volcker was willing to with stand it. people are saying how well jay powell is threing the needle. by a six month time period he missed the whole transitory thing when inflation was obviously not transitory. he got us to where we are right now. not ready to pat him on the back. he has a tough job pa
we think about jay powell promising to be volcker 2.0. i have to be honest he feels more like burns. the reason burns is burns he blamed congress, he cannot do the right thing because congress kept browbeating him. do you think there is some sort of pressure? we heard from elizabeth warren, bernie sanders and maybe pressure from the white house on jay powell as well? >> we say on the podcast all the time, everybody has a plan until they get punched in the space. particularly fed chairman,...
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Mar 28, 2024
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and the speech from jay powell. nasdaq futures pointing lower. let's let cross asset, we saw a bit of a selloff across u.s. treasuries on the back of comments from chris waller. he wants more data before he is that confidence. he argues you can push out those cuts into the future. two year 460. the japanese yen continues to gain our interest on the intervention to risks from japanese officials, 151.34. 152 seems to be the light of the sent. brent, it is six dollars per barrel, a bit of again after the softness on oil prices of .4 of 1%. gold up .10 of 1%. let's take a close look at 2024's first quarter. kriti gupta brings the context. the year has brought currency surprises. >> surprises but not surprises, it is an easy story when you look at the japanese yen, the swiss franc, the underperforming conference -- currencies that create the basis of the carry trade that creates complacency in this market. it is easy to grab yield and the fx space if you were going short the yen or swiss franc, and that is spend the theme in the first quarter despite
and the speech from jay powell. nasdaq futures pointing lower. let's let cross asset, we saw a bit of a selloff across u.s. treasuries on the back of comments from chris waller. he wants more data before he is that confidence. he argues you can push out those cuts into the future. two year 460. the japanese yen continues to gain our interest on the intervention to risks from japanese officials, 151.34. 152 seems to be the light of the sent. brent, it is six dollars per barrel, a bit of again...
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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 6, 2024
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this is the conversation we will have with jay powell. the question is if his threshold has changed if the january cpi concerned him in the way it seems to be concerning the market. jonathan: at 10:00 a.m. eastern time, the services isn came out weaker than expected. the employment component come the appetizer for the payroll support, back into negative territory. lisa: 48 from 50.5. when you look at some of the business orders there is more positive signs. if the employment is weaker, this speaks to the suspicion that so many people have raised on this show that things are weaker than they seem. take a look at some of the other indicators. it is not that great. this may be give them some fuel. jonathan: so far february has not confirmed january going and payrolls friday. before payrolls friday we need to talk about super tuesday and reality check wednesday for nikki haley. annmarie: she is at this moment undecided and what she will do in the sense that her campaign seems very combative talking about unity that isn't there within the repu
this is the conversation we will have with jay powell. the question is if his threshold has changed if the january cpi concerned him in the way it seems to be concerning the market. jonathan: at 10:00 a.m. eastern time, the services isn came out weaker than expected. the employment component come the appetizer for the payroll support, back into negative territory. lisa: 48 from 50.5. when you look at some of the business orders there is more positive signs. if the employment is weaker, this...
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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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Mar 15, 2024
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tom: whether jay powell lobbies the fomc, it is risk off. i'll are up. is it about the narrative around stinky u.s. inflation? >> it is partly what you mentioned, the slide bitcoin triggered a broader move of people saying bitcoin is giving up gains. we should pare before a huge week. hong kong stocks having a bad day. equity markets are down copper is doing well but iron ore is not. people are adjusting all the huge things coming. maybe it is better to be on the sidelines. if you're looking for excuses for taking money off the table, there are plenty. tom: complexity on this day with divergence. thank you, fascinating. of course mark is one of our key strategists. here is what we are looking at today. final french cpi for february. survey is looking at 0.9% and we will see if that comes in. dovish commentary from some officials and inflation data are out of france is crucial to the assessment. 2:00 p.m. u.k. time we switch to the u.s.. university of michigan sentiment survey suggesting retail sales were softer. whether the university of michigan sentime
tom: whether jay powell lobbies the fomc, it is risk off. i'll are up. is it about the narrative around stinky u.s. inflation? >> it is partly what you mentioned, the slide bitcoin triggered a broader move of people saying bitcoin is giving up gains. we should pare before a huge week. hong kong stocks having a bad day. equity markets are down copper is doing well but iron ore is not. people are adjusting all the huge things coming. maybe it is better to be on the sidelines. if you're...
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Mar 20, 2024
03/24
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eastern with fed chair jay powell set to speak at 2:30 p.m. and rates are expected to remain on hold the fomc will release a new dot plot and projections. still expecting three cuts this year with a dovish chair powell despite a string of hotter than expected inflation prints since the last meeting. if you been missing the coverage over the last week on the dot plot, it will on the -- it will only take two officials of the federal reserve to come up and that will change the median. from three to 2. is that a big deal given the direction of travel over the last few months? lisa: we are talking about eight of 19 fed officials. this is how closely people are scrutinizing this. they have two rate cuts priced in rather than three. if two more join that, then you have a baseline. i'm interested in the longer run and how they telegraphed a longer-term inflation expectation of longer-term rate expectations for next year in the year after. do they expect neutral not getting higher but not being able to cut is much longer-term? jonathan: do you think th
eastern with fed chair jay powell set to speak at 2:30 p.m. and rates are expected to remain on hold the fomc will release a new dot plot and projections. still expecting three cuts this year with a dovish chair powell despite a string of hotter than expected inflation prints since the last meeting. if you been missing the coverage over the last week on the dot plot, it will on the -- it will only take two officials of the federal reserve to come up and that will change the median. from three...
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Mar 21, 2024
03/24
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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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jay powell indicating they are looking to cut rates. not quite just yet but the path is pretty much the same when we thought we were on already. haidi: maybe not so palpable as any sense of relief when it comes to investors looking at china. we have seen policymakers across the board kind of hitting back, defending that around 5% gdp target, saying it is attainable and there is room for further cut rrr and the other thing of course we are watching is japan, this kind of rapid positioning for lift off from the boj and those wage numbers were not too bad. annabelle: certainly, actually pretty much stronger than what had been expected because we saw cash earnings rising to percent and that was a lot more than what the survey had been for a gain of 1.2% but this is the start of trading here we have got with the broader index or the nikkei 225 that is back above the 40,000 marked them. we have been fractionally below that over the course of the week but certainly, the stock moves we are seeing here echoing the u.s. session overnight as we di
jay powell indicating they are looking to cut rates. not quite just yet but the path is pretty much the same when we thought we were on already. haidi: maybe not so palpable as any sense of relief when it comes to investors looking at china. we have seen policymakers across the board kind of hitting back, defending that around 5% gdp target, saying it is attainable and there is room for further cut rrr and the other thing of course we are watching is japan, this kind of rapid positioning for...
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Mar 15, 2024
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does jay powell really care about joe biden? well, powell's term as fed chair goes all the way to may of 2026. there's really nothing joe biden can do to him, because biden will be retiring in january of 2025 anyway. and jay powell has indicated that he won't seek a third term. and for all the cynical talk about how the fed somehow must bend to the political whims of the president and his little minions, i actually think powell is immune from that kind of thinking. anyway, why should the fed get tangled up in election year politics? especially because the actual ed on inflation does not point to lower fed interest rates. that's the important part. now, surely the year on year inflation has dropped from 9% to somewhere between3 and 4%. but even with that, the actual level of consumer prices is up over 18% during biden's term, and that's driving typical families crazy. measured there from february of 2021, groceries up 21%, gasoline up 30%, cars up 20%, airline and transportation services up 34%, and those are just a couple of cat
does jay powell really care about joe biden? well, powell's term as fed chair goes all the way to may of 2026. there's really nothing joe biden can do to him, because biden will be retiring in january of 2025 anyway. and jay powell has indicated that he won't seek a third term. and for all the cynical talk about how the fed somehow must bend to the political whims of the president and his little minions, i actually think powell is immune from that kind of thinking. anyway, why should the fed...
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Mar 18, 2024
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if jay powell says this is absolutely going to move the opposite direction and keep us higher for longer. stocks are going to take a hit. they just aren't necessarily going to execute that right now. i thought that was perfect. >> equities on the s&p. positive by 0.8% on the s&p 500. in the bond market yields just aggressively high through last week. still 430 on the 10 year. coming up this hour, monica descends on where she thinks stocks have to run. isaac bolt and ski on tariffs for chinese ev's. in the former fed economist claudia looking ahead to wednesdays bankrate -- fed rate decision. the stock market hitting ahead of the decision. monica saying we need to acknowledge the strong start to the year with the s&p 500 not only a few percent away from the 2024 price target but also arguing for more selectivity and being thoughtful if you're still sitting on too much cash. we believe stocks will make new highs. monica joins us in new york. good morning to you. new highs in this equity market. talk to me about how you put cash to work? monica: the challenge has been certainty. the fed is
if jay powell says this is absolutely going to move the opposite direction and keep us higher for longer. stocks are going to take a hit. they just aren't necessarily going to execute that right now. i thought that was perfect. >> equities on the s&p. positive by 0.8% on the s&p 500. in the bond market yields just aggressively high through last week. still 430 on the 10 year. coming up this hour, monica descends on where she thinks stocks have to run. isaac bolt and ski on tariffs...
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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 4, 2024
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annmarie: we will get jay powell in front of the house, super tuesday tomorrow. not so super tuesday. it is all but done. the biggest will be the state of the union. in terms of bidens performance, poll after poll says he is losing voters in terms of how they feel about him, the one seagate in 2020. for me it is less what he says but how he says it. the washington post says keep the state of the union shorter. jonathan: unemployment at 4% for more than two years based on the data friday and somehow he cannot connect with the electorate. somehow the electorate thinks the economy is doing poorly. lisa: this electorate has a lot of issues. you cannot speak of the electorate as a monolith. you have people grappling with prices much higher than a couple years ago. you talk about the buildup, the residual kinds of inflation. there are social issues. there is a feeling of which political party you belong to. there's a feeling of which media you are tucked into. these are things you are real. jonathan: if you are hooked into bloomberg we can talk about all-time highs wit
annmarie: we will get jay powell in front of the house, super tuesday tomorrow. not so super tuesday. it is all but done. the biggest will be the state of the union. in terms of bidens performance, poll after poll says he is losing voters in terms of how they feel about him, the one seagate in 2020. for me it is less what he says but how he says it. the washington post says keep the state of the union shorter. jonathan: unemployment at 4% for more than two years based on the data friday and...
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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 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 20, 2024
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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 an appeals court in new orleans says, hold on, we're pointing to hear an appeal to the texas law so it's on hold while we deliberate. biden says republicans are blocking real border solutions. that's strange when with texas is the only place that has actually cut the illegal flow. more politics. trump's candidate won the ohio gop primary. he solidifies his grip on the are republican party. biden won all the democrat primaries, b
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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Mar 18, 2024
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what we are going to hear from jay powell signaling around rate cuts. . we are seeing changing expectations. june had been seen most likely until a couple days ago. that is getting priced out as are the number of cuts we can expect for 2024. in the intraday session, it was the focus on tech. we mentioned the news around alphabet with the iphone in the headlights. what i am tracking closely today is nvidia. so much of the rally has been predicated on the success of nvidia. the demand for its ai chip. now the successor to that coming out at the successor event. we will have more on that ahead this out. haidi: let's go back to the highly anticipated boj decision in the next few hours. stephen engle is with us live outside the central bank building in tokyo. this is a potentially monumental day for the bank of japan. >> absolutely. have been at bloomberg 20 plus years and this is probably the most significant change at the boj in one fell swoop in those 20 years. we have had inflation persistent and we are seeing a lift off perhaps of rates later today when t
what we are going to hear from jay powell signaling around rate cuts. . we are seeing changing expectations. june had been seen most likely until a couple days ago. that is getting priced out as are the number of cuts we can expect for 2024. in the intraday session, it was the focus on tech. we mentioned the news around alphabet with the iphone in the headlights. what i am tracking closely today is nvidia. so much of the rally has been predicated on the success of nvidia. the demand for its ai...
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Mar 3, 2024
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investors are awaiting jay powell's report to congress for dates on the fed rate outlook. haidi: ahead opec-plus extending its supply cutbacks until midyear amid soaring production from rivals and uncertainty over chinese demand. stephen: in beijing, one of china's most important gatherings of the year is about to begin with leaders set to unveil their targets and strategies, perhaps policies, for road -- reviving the economy. annabelle: kicking of the week with breaking data out of korea this morning. we have industrial output numbers dropping but coming in better than expected over the course of january. output of more than 12% or 13% on the year passing estimate were 10%. also industrial output is falling, still and a contraction down 1.3%. the estimate had been .9%. the headline reading, the year on your number is certainly a lot better than what had been predicted by economists. it could be down to the drive for strong external demand for chips, for automobiles. one of the concerns with that is when you have a narrow cap, that small group of industries posing a risk t
investors are awaiting jay powell's report to congress for dates on the fed rate outlook. haidi: ahead opec-plus extending its supply cutbacks until midyear amid soaring production from rivals and uncertainty over chinese demand. stephen: in beijing, one of china's most important gatherings of the year is about to begin with leaders set to unveil their targets and strategies, perhaps policies, for road -- reviving the economy. annabelle: kicking of the week with breaking data out of korea this...
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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 5, 2024
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looking at the 10-year yield, off by seven basis points as we anticipate jay powell's speech. a look at what is happening in the asset class we need to talk about today. this happened just after 9:00 a.m., but we are looking at a 66 back to it at the moment. we had that psychological level. already we have seen the market capitalization eclipsed that of 2021 because there is more big going in -- more bitcoin in supply. we are currently up 9.9% the course of what has been a mega run throughout 2024. 2023, lower, in the doldrums. but we are back at that level we had in november 2021. ed, what are you watching? caroline: there is a lot -- ed: there is a lot in the news flow hitting technology shares. tesla, a fire near its berlin plant has halted production. investigators are investigating whether arson was the cause. data on china is a softer, showing that sales of tesla not as strong. that stock under pressure. two other stories. we are going to head to d.c.. bloomberg reporting that u.s. officials are going to block amd selling a made for china lower-spec gpu. it is something
looking at the 10-year yield, off by seven basis points as we anticipate jay powell's speech. a look at what is happening in the asset class we need to talk about today. this happened just after 9:00 a.m., but we are looking at a 66 back to it at the moment. we had that psychological level. already we have seen the market capitalization eclipsed that of 2021 because there is more big going in -- more bitcoin in supply. we are currently up 9.9% the course of what has been a mega run throughout...
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Mar 21, 2024
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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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Mar 20, 2024
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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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Mar 25, 2024
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jay powell seems dovish. what is your take away with the fed? >> good morning. the comments have to be taken in the context of cuts. he may be talking about later in the year, slower pace, but they will cut if the dater allows it. we have a central bank willing to cut and people are not worried. they said maybe no cuts at all this year. the market seems happy to tolerate that. no big changes in the dot plots. the market is looking for interest rates. switch the focus to talk about jobs data. that gives the fed a caveat to move. lower rates on the horizon. tom: how are the markets interpreting the messages from the boe, ecb, s&p? is the take that doves are in control? paul: it feels like they fired the starting gun. it is the same mentality and noise traders are hearing. at the top of the show, people betting on short-term interest rates relative to long-term. maybe we can undo the yield curve. the market has been wrong several times. a stopped clock trade will be right eventually. this is volatility sliding, credit spreads type and exuberance in equities, so eve
jay powell seems dovish. what is your take away with the fed? >> good morning. the comments have to be taken in the context of cuts. he may be talking about later in the year, slower pace, but they will cut if the dater allows it. we have a central bank willing to cut and people are not worried. they said maybe no cuts at all this year. the market seems happy to tolerate that. no big changes in the dot plots. the market is looking for interest rates. switch the focus to talk about jobs...
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Mar 26, 2024
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slightly at odds with what we've been hearing from jay powell. we look at the comments coming through, the analysis coming through strategist at j.p. morgan, warning that equities are rich at this point in terms of the valuations. what does all of it mean for the stock markets and for effects as you follow all of that in? mark: for the equity market, they are more likely to take in their stride from anybody because the equity market has already factored in -- u.s. interest rates are not going to rise, as long as they keep to the primus, at least the next move -- it does not matter where the next move comes in, as long as yields don't go much higher, equity markets factor in, the american economy is strong. job situation is good. companies are making money and there's an ai story on top of all that. equities are probably in the best place to continue to do what they are doing, regardless of how the short-term data comes out. one that could react as well as the bond market is the currency market. we are already seeing reasonable amount of dollars s
slightly at odds with what we've been hearing from jay powell. we look at the comments coming through, the analysis coming through strategist at j.p. morgan, warning that equities are rich at this point in terms of the valuations. what does all of it mean for the stock markets and for effects as you follow all of that in? mark: for the equity market, they are more likely to take in their stride from anybody because the equity market has already factored in -- u.s. interest rates are not going...
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Mar 7, 2024
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jay powell saying we will make a lot of changes to this after a lot of lobbying. jonathan: day one was in front of the house financial services committee. date two was in front of the senate committee. the senator from massachusetts, elizabeth warren, i imagine elizabeth warren has follow-up questions about yesterday. lisa: i imagine she will not be particularly happy when people are looking for the potential of too big to fail. jp morgan surging when we still see this turmoil in community bank ongoing. has it become unduly punitive for these banks and how you create a scenario where there is not a gravitational force every which way at a time the smaller banks are facing a host of headwinds different from the big ones. jonathan: all-time high for jp morgan monday. record tuesday, record wednesday. nycb. new york community bank come at the lows down 47%. at the high we were up 37%. we were facing existential risk. we have a new ceo. this time we have received an equity investment from former treasury secretary steve mnuchin. lisa: this is amazing. the fluctuations
jay powell saying we will make a lot of changes to this after a lot of lobbying. jonathan: day one was in front of the house financial services committee. date two was in front of the senate committee. the senator from massachusetts, elizabeth warren, i imagine elizabeth warren has follow-up questions about yesterday. lisa: i imagine she will not be particularly happy when people are looking for the potential of too big to fail. jp morgan surging when we still see this turmoil in community bank...
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Mar 14, 2024
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annmarie: jay powell continue says at some point this year we will be cutting. does that change to later this year? does the timeline just get pushed back? jay: i think it does. the inflation rate is trending lower. it is not coming down as much as people would like it to be but what is happening is the inflation rate continues to come down in the fed remaining on hold, the real fed funds rate is passively going higher and that is acting as a passive tightening on the overall economy. in some sense they need to be cutting rates. maybe not in may or june or july, but they need to be cutting rates later this year or you will have a passive tightening of monetary policy which could potentially slow things a lot more than people are expecting now. jonathan: appreciate your views this morning. jay bryson of wells fargo. it is part of the job if you're in that seat. you have to make a call on when the fed will cut. june feels meaningless to me. the correct answer has been later. much later than you thought. it was march and then it was may and then it was june. if you
annmarie: jay powell continue says at some point this year we will be cutting. does that change to later this year? does the timeline just get pushed back? jay: i think it does. the inflation rate is trending lower. it is not coming down as much as people would like it to be but what is happening is the inflation rate continues to come down in the fed remaining on hold, the real fed funds rate is passively going higher and that is acting as a passive tightening on the overall economy. in some...
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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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haidi: a little optimism despite renewed focus on fed speak from fed chair jay powell. the outlook when it comes to some of these five flyers in the market as well. technology, a little question over how big the valuations can really continue going to improve from here. this is s&p futures. there's a little weakness there after the rally in the previous session. about .1% lower for the s&p rate. nasdaq futures off .3%. there are broadly positive signs from central banks. perhaps unsurprisingly we are seeing a bit of caution ahead of key jobs data. another data point in their journey to identifying a more certain path forward for the fed. crude in particular as well in this session, we saw a rally in oil continuing to pick up pace. a segment of the keystone pipeline shutting down. paul: two major central banks delivering fresh signals interest rate cuts are on the way. fed chair jerome powell telling the u.s. senate banking committee that policymakers are getting closer to the confidence they need to start easing. >> we are in the right place. we are waiting to become mo
haidi: a little optimism despite renewed focus on fed speak from fed chair jay powell. the outlook when it comes to some of these five flyers in the market as well. technology, a little question over how big the valuations can really continue going to improve from here. this is s&p futures. there's a little weakness there after the rally in the previous session. about .1% lower for the s&p rate. nasdaq futures off .3%. there are broadly positive signs from central banks. perhaps...
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Mar 21, 2024
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jay powell & co. sticking to three cuts for the year despite a string of hotter than expected inflation prince. some all caps posting with gold running about 2200 for the first time ever. chris, let's get to it. gold, what is that break off in gold all about going through 2200 for the first time ever? >> when you look back at the sequence of events the last several weeks let's first go back to january february where you had the decisive move in gold through 2100 and we found really notable these last two weeks as bond yields pushback higher and they go from four to about 435. gold did not flinch. it was a very orderly pause, the title is gold new. gold knew we would be getting a dovish fed yesterday. i think certainly the response speaks to that here. i think the backdrop remains polish in metals, bullish and materials and we see that with the expansion of new highs in things like copper, the material stocks. etc.. >> watch what they do and not what they say. when you look at what they are doing. is t
jay powell & co. sticking to three cuts for the year despite a string of hotter than expected inflation prince. some all caps posting with gold running about 2200 for the first time ever. chris, let's get to it. gold, what is that break off in gold all about going through 2200 for the first time ever? >> when you look back at the sequence of events the last several weeks let's first go back to january february where you had the decisive move in gold through 2100 and we found really...
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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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more likely, it's connected to comments from jay powell. he says he will scale back on rates later this year, but he's not saying exactly when. there's maybe some dip buying as a well. dow's up 200. this is premarket. s&p, 31. and the nasdaq, nice gain, 166. plenty of green this morning. lots of red yesterday. interest rates continue to drift lower. look at that, the yield on the 10-year treasury is 4.12, and the yield on the 2-year is just above 4.5%, 4.53 right now. bitcoin molding on to its gapes -- holding on to the its gains, 66 and change for bitcoin right now. the record high is $69,202. there you go. maybe we'll get there soon. gold close to its all-time high, it is well over $2100 an ounce, 2146 to be precise is. gas keeps on creeping up ever so gradually. $3.38 for regular now, up 2 cents overnight. diesel, to change, $4.05. >>> on the show today, elon musk visits donald trump. the speculation is that trump needs cash quickly to pay his $3 55 fine plus interest. the president looked shaky. he asked permission to stay at a his own
more likely, it's connected to comments from jay powell. he says he will scale back on rates later this year, but he's not saying exactly when. there's maybe some dip buying as a well. dow's up 200. this is premarket. s&p, 31. and the nasdaq, nice gain, 166. plenty of green this morning. lots of red yesterday. interest rates continue to drift lower. look at that, the yield on the 10-year treasury is 4.12, and the yield on the 2-year is just above 4.5%, 4.53 right now. bitcoin molding on to...
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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 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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averill: we have dovish signals from the ecb and from jay powell but on the boj, the message seems to be different. policymakers and the wage growth data we got in the week causing traders to brace for a move from the japanese central bank in two weeks. we see the yen gaining to at least a strongest level since the start of february. if you are wondering where we go from there on the yen, traders seem to think that they are on the downside. one month risk reversals, that rate showing us that. let's flip the board and take a look because there are implications on this yen rally. that is putting pressure on japanese stocks. nikkei raising gains of 1% from early on in the session. if you look at one of the gauges, the nikkei is the most sensitive to the yen move since 2022. flip the board again, i want to take you to what we see in the rest of asia as we talk about them clearing the uncertainties for markets, boosted risk appetite. msci hitting the highest level since 2022, the chipmakers surging to a record high ahead of february sales data. keeping a close watch on china amid the bond
averill: we have dovish signals from the ecb and from jay powell but on the boj, the message seems to be different. policymakers and the wage growth data we got in the week causing traders to brace for a move from the japanese central bank in two weeks. we see the yen gaining to at least a strongest level since the start of february. if you are wondering where we go from there on the yen, traders seem to think that they are on the downside. one month risk reversals, that rate showing us that....
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Mar 4, 2024
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traders await jay powell's congressional testimony and the u.s. jobs report. elon musk using the world's richest person crown to jeff bezos as tesla slumps. paul: also ahead, -- haidi: also ahead, the supreme court puts an end to attempts to keep donald trump off state ballots. >> i'm stephen engle in snowy beijing for the opening of the national people's congress. an openin -- a warning not to invest in china underscores the leaders. haidi: we have breaking news to kick off the hour. south korea gdp numbers coming through on the bloomberg. we are seeing when it comes to the revised fourth quarter number, the preliminary number when it comes to seasonally adjusted quarter on quarter coming in line with expectations. 6/10 of 1% higher. the year on year number in line with expectations. the annual gdp for 2023 at 1.4 percent. all of those readings are in line with expectations. we did see the preliminary numbers showing the same when it comes to the readings. we have seen relative resilience when it comes to things like exports driven by chipmakers in south kore
traders await jay powell's congressional testimony and the u.s. jobs report. elon musk using the world's richest person crown to jeff bezos as tesla slumps. paul: also ahead, -- haidi: also ahead, the supreme court puts an end to attempts to keep donald trump off state ballots. >> i'm stephen engle in snowy beijing for the opening of the national people's congress. an openin -- a warning not to invest in china underscores the leaders. haidi: we have breaking news to kick off the hour....
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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 12, 2024
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fed chair jay powell mentioned we are not too far from that confidence and we are expecting to see that disinflation trend resuming in the coming months. and that should lead to the fed easing monetary policy. it is not going to be a fast process. you are going to proceed very carefully. but we expect to see rate cuts this year as inflation continues to come down. and the fed really wants to balance the risk of keeping interest rates too high for too long and risking some damage to the economy and potentially a deeper economic slowdown. or a recession. haidi: the jobs numbers on friday was also quite perplexing for the market. we saw that pretty immediate reaction. i wonder how you are seeing this being conveyed through the strength of the u.s. consumer? are there any concerns at this point? lydia: yeah, the labor market showed continued resilience. i think the february report came as sending some reassuring signal. payrolls remain quite solid. but on these -- but at the same time we saw softening beneath the headline print. we get more rebalancing and further easing in wage growth. we
fed chair jay powell mentioned we are not too far from that confidence and we are expecting to see that disinflation trend resuming in the coming months. and that should lead to the fed easing monetary policy. it is not going to be a fast process. you are going to proceed very carefully. but we expect to see rate cuts this year as inflation continues to come down. and the fed really wants to balance the risk of keeping interest rates too high for too long and risking some damage to the economy...
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Mar 21, 2024
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. >> that's why jay powell had to look to the >> rate yesterday in the jolts -- the quits rate in the jolts to to yesterday to find weakness in the labor market. >> how do you find data that we are sufficiently restrictive? quits apparently. stephanie roth join us. michael mckee will bring the data. from new york city, this is bloomberg. ♪ ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading. and sharpen your skills with an immersive online education crafted just for traders. all so you can trade brilliantly. ♪♪ hello, mia. are you ready to meet your demise? man, we really need to upgrade your trash talk. ♪♪ nice shot... shot... taker. who programmed you?! i'll see you tomorrow. the future isn't scary, not investing in it is. 100 innovative companies, one etf. before investing, carefully read and consider fund investment objectives, risks, charges expenses and mor
. >> that's why jay powell had to look to the >> rate yesterday in the jolts -- the quits rate in the jolts to to yesterday to find weakness in the labor market. >> how do you find data that we are sufficiently restrictive? quits apparently. stephanie roth join us. michael mckee will bring the data. from new york city, this is bloomberg. ♪ ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our...
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Mar 20, 2024
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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...