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Mar 4, 2024
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james cited jay powell. what can help the rally? >> i think one of the things that all the market would agree on is the rally is fueled by artificial intelligence implemented in technology that is real and profits are real. one of the things that the market will realize is although the boogeyman of jay powell raising rates can kill the rally, but the reason for powell raising rates is almost nonexistent now. there is no recession. there is no high inflation in sight. inflation is on the way down. chairman powell reassured us of that. one thing to watch out for is the timing and size of the rate cuts. one of the things the market underestimated is the interest rates may level off with the pro pr productivity is at a higher rate. >> while you talk about productivity, you sent us a chart. it compare s. pc revolution and the dot-com bubble. you see the pc revolution on the left and the a.i. on the right. what is the most important part of the comparicomparison? >> we should realize the pc revolution did is boost profits in the 1990s. it
james cited jay powell. what can help the rally? >> i think one of the things that all the market would agree on is the rally is fueled by artificial intelligence implemented in technology that is real and profits are real. one of the things that the market will realize is although the boogeyman of jay powell raising rates can kill the rally, but the reason for powell raising rates is almost nonexistent now. there is no recession. there is no high inflation in sight. inflation is on the...
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Mar 7, 2024
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jeremy, we saw the markets finish higher after the jay powell testimony. what does that indicate to you about traders' confidence in the cuts? >> we were saying the market was getting excited and started pricing in six-to-seven wcuts. if the fed doesn't price in the cuts, we will have a tough time of getting gains in the market. we said it wasn't about the cuts, but willingness to cut if there is weakness. we were worried to say inflation is the top concern. we cannot say. he showed the flexibility. we think inflation is lower than reality with the housing data and real-time housing is down 1%. you get updates on that. we think he should be cutting, but i think the data is coming in in a way to allow them to start cutting in it june. >> jeremy, you have come with alternative data on inflation in previous times. sophie, over to you. do you agree with jeremy's take this gave the confidence the cuts are coming and is this enough to keep the rally going? >> there's no doubt, really, that cuts are going to be coming through. i personal thinly think there i disc
jeremy, we saw the markets finish higher after the jay powell testimony. what does that indicate to you about traders' confidence in the cuts? >> we were saying the market was getting excited and started pricing in six-to-seven wcuts. if the fed doesn't price in the cuts, we will have a tough time of getting gains in the market. we said it wasn't about the cuts, but willingness to cut if there is weakness. we were worried to say inflation is the top concern. we cannot say. he showed the...
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Mar 6, 2024
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something else we have to talk about, jay powell and the hill you laughed right now. a lot of your clients have called you about your expectations what are you expecting to hear from jay powell? in your mind do you expect them to deviate at all from what he said at the fomc meeting or what we heard from fed officials? >> he's trying to strike more of a dovish tone. we're on record for that being a mistake. i think the fed has completely mischaracterized how low interest or how reduced interest rate-sensitive the economy is and the need for rate cuts inflation is going to come in stronger i think he's going to signal the rate cuts, but the economy is closing the window for it. the bond market is going to be it's been disappointing. it's going to continue to be disappointed they may be able to squeeze off one or two, but the economy is going to close that window there's an election cycle. >> you think he's going to turn more dovish? we've heard wait and see now you say when it comes to the hill, he gets a little more dovish >> i think he 's in the wait and see. he's got
something else we have to talk about, jay powell and the hill you laughed right now. a lot of your clients have called you about your expectations what are you expecting to hear from jay powell? in your mind do you expect them to deviate at all from what he said at the fomc meeting or what we heard from fed officials? >> he's trying to strike more of a dovish tone. we're on record for that being a mistake. i think the fed has completely mischaracterized how low interest or how reduced...
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Mar 20, 2024
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that is the question for jay powell. but markets are trying to put this strong economy together with where the fed is and see if they line up. for the moment it looks like they do but of course we have to wait and see what the chair says. lisa: do you think that he will come out and say i'm sorry, i was wrong and maybe financial conditions are loosening a little bit too much? >> anything is possible the generally one doesn't hear that from fed officials. the question is, are financial conditions loosening enough or too much at this point? the economy is stronger than people anticipates that there is a logical action of whether the fed funds rate is tight enough at this point. and whether they think they need to do more if the economy stays this strong or whether it is just a question of keeping it where it is for longer. that is a question for powell. the one other thing we might look for here is whether they changed the long run fed funds, the neutral rate. has that moved up, it is it now higher than it was? it has been
that is the question for jay powell. but markets are trying to put this strong economy together with where the fed is and see if they line up. for the moment it looks like they do but of course we have to wait and see what the chair says. lisa: do you think that he will come out and say i'm sorry, i was wrong and maybe financial conditions are loosening a little bit too much? >> anything is possible the generally one doesn't hear that from fed officials. the question is, are financial...
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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 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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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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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 6, 2024
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fed chair jay powell not ready to cut rates yet our next guest says the biggest risk he sees now is the fed waiting too long to lower rates. >>> openai fires back, publishing elon musk's emails. what he wrote and how it may change where this fight goes next >>> and there's a new fomo trade emerging says one analyst and it's not too late to get in on the action he is here with the trade and the upside of this industry. >>> now a check on the markets the major averages are rebounding, but the chart of the day right now once again goes to new york community bank corps. believe it or not. down more than 40% so far on reports thousand that the bank is seeking a major capital infusion from outside. and that's where we are going to start with these green markets, a very deep red picture, and leslie picker has the details on nycb >> so it appears to be that this would be an equity capital raise, and that they reached out to a variety of investment firms. my understanding in talking with a couple of indirect sources over the last few minutes or so is that this is likely a lot of these conversati
fed chair jay powell not ready to cut rates yet our next guest says the biggest risk he sees now is the fed waiting too long to lower rates. >>> openai fires back, publishing elon musk's emails. what he wrote and how it may change where this fight goes next >>> and there's a new fomo trade emerging says one analyst and it's not too late to get in on the action he is here with the trade and the upside of this industry. >>> now a check on the markets the major averages...
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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 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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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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Mar 21, 2024
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." >>> jay powell and the fed maintain the commitment to the rate cuts. >>> the rally rippling through the markets. japan hits an all-time high. >>> equity in the ipo markets as reddit gets set for the first trade which followed a rocket ship of a debut. >>> stellar quarter for micron has the chip sector surging ahead of the open. >>> possible pressure for apple and anti-trust allegations. it's thursday, march 21st, 2024. you're watching "worldwide exchange" right here on cnbc. >>> good morning and welcome to "worldwide exchange." thank you for being here with us. let's get you ready for the trading day ahead and the check of the u.s. stock futures with the dow, s&p and nasdaq all coming off record closing highs and looking to push deeper into the green this morning. the futures market is strong showing for all three. the nasdaq is opening up .75% higher. you see the dow looking like it would open up more than 100 points higher. we are paying attention to small caps with the russell indicating gains. you have to see small caps rising 2% with super micro in the red today. and80 s&p 500
." >>> jay powell and the fed maintain the commitment to the rate cuts. >>> the rally rippling through the markets. japan hits an all-time high. >>> equity in the ipo markets as reddit gets set for the first trade which followed a rocket ship of a debut. >>> stellar quarter for micron has the chip sector surging ahead of the open. >>> possible pressure for apple and anti-trust allegations. it's thursday, march 21st, 2024. you're watching...
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Mar 20, 2024
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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 19, 2024
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jay powell understands that if he cuts interest rates it will stimulate the economy and it will create more inflation and i don't think chairman powell wants to go down in history as the federal reserve chairman who couldn't get control of inflation. larry: you know, senator kennedy, i think i'm going to keep my house, because, hold your breath, i agree with you on this point, [laughter]. i'm going to hang on to my house. >> good. larry: i think you're right too. i don't think jay powell is dumb enough to do that kind of thing. >> i bet you have a nice house, larry, nicer than mine i'm sure. larry: i don't know. we'll compare sometime, senator. you can be a house guest at our place anytime you want in rural connecticut. >> i heard your house is bigger than a costco, man. larry: [laughter]. senator john kennedy, we love having you on the show, senator, thanks so much. coming up here on "kudlow," why do democrats hate israel? we'll talk about it with mississippi senator roger wicker. and then why is inflation actually much worse than you think? a new study by larry summers. we've got ste
jay powell understands that if he cuts interest rates it will stimulate the economy and it will create more inflation and i don't think chairman powell wants to go down in history as the federal reserve chairman who couldn't get control of inflation. larry: you know, senator kennedy, i think i'm going to keep my house, because, hold your breath, i agree with you on this point, [laughter]. i'm going to hang on to my house. >> good. larry: i think you're right too. i don't think jay powell...
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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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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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Mar 18, 2024
03/24
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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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it is money of jay powell's business how many doritos are in a bag of chips. it is none of joe biden's business what uber and lyft charge at 5:00 versus 6:00. you know who cares? the consumer paying it. you know who cares in the producer either getting it or not getting it. westernty's shouldn't say they were horsing around, they should say we were trying economic calculation. sometimes you get things right, sometimes you get things wrong. is ask the new coke in the 1980s. you try things. if they don't work, you move on to the something different. the state intervening hurts the process of consumers and producers working together. charles: so i thought about you last night because now there's a proposal to take the pax tax -- tax buybacks, right now it's 1%, make it 4%. corporations reward share holders through buybacks and dividends. if biden were to get reelected and we had a 4% buyback tax, could that bolster to pay out some dividends? >> it would. and i want to be very clear that i don't want hem to do it just because it would help my book and the way we g
it is money of jay powell's business how many doritos are in a bag of chips. it is none of joe biden's business what uber and lyft charge at 5:00 versus 6:00. you know who cares? the consumer paying it. you know who cares in the producer either getting it or not getting it. westernty's shouldn't say they were horsing around, they should say we were trying economic calculation. sometimes you get things right, sometimes you get things wrong. is ask the new coke in the 1980s. you try things. if...
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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 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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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
03/24
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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 25, 2024
03/24
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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 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 7, 2024
03/24
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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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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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Mar 21, 2024
03/24
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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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Mar 20, 2024
03/24
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the star of the show, fed chair jay powell plays himself. the great thing about these powell performances they're like war schalk tests you can read anything into them you want. wall street spends untold sums hiring analysts to interpret mr. powell. investors are baffled by all of this commentary. after today's performance stocks went up 400 points or so so somebody's happy out there. now are they happen because the fed leaned against the win and suggested no easier money? that mr. powell is going to hold the line with his 2% inflation target? or that the fed is not going to start slashing rates in order to juice the economy, to reelect joe biden? i don't know what the reason is. others might say the fed economic projections still show three interest rate cuts this year, even though these economic projections are nearly always wrong. i think the best thing powell said he will keep his 2% inflation target and not raise it to 3% and in fact the fed's not there yet. here's some price level indicators that we all should keep an eye on including
the star of the show, fed chair jay powell plays himself. the great thing about these powell performances they're like war schalk tests you can read anything into them you want. wall street spends untold sums hiring analysts to interpret mr. powell. investors are baffled by all of this commentary. after today's performance stocks went up 400 points or so so somebody's happy out there. now are they happen because the fed leaned against the win and suggested no easier money? that mr. powell is...
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Mar 7, 2024
03/24
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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 8, 2024
03/24
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which is why jay powell had that look on his face. lisa: everyone listening who has no idea what you are talking about. jonathan: sometimes indisposition, you have to assume a little knowledge. in this instance, they can google it. they have four minutes until the jobs numbers comes out. jobs number up next. 200,000 is the estimate. employment report just around the corner. i think he's having a midlife crisis i'm not. you got us t-mobile home internet lite. after a week of streaming they knocked us down... ...to dial up speeds. like from the 90s. great times. all i can do say is that my life is pre-- i like watching the puddles gather rain. -hey, your mom and i procreated to that song. oh, ew! i think you've said enough. why don't we just switch to xfinity like everyone else? then you would know what year it was. i know what year it is. jonathan: the payroll support 24 seconds away. equity market looks like this. all time highs going into the print. down 1% on the s&p. nasdaq, -.2%. 2-year yield down three basis points. 4.47. daniell
which is why jay powell had that look on his face. lisa: everyone listening who has no idea what you are talking about. jonathan: sometimes indisposition, you have to assume a little knowledge. in this instance, they can google it. they have four minutes until the jobs numbers comes out. jobs number up next. 200,000 is the estimate. employment report just around the corner. i think he's having a midlife crisis i'm not. you got us t-mobile home internet lite. after a week of streaming they...
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Mar 5, 2024
03/24
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mixed economic data in the run-up to jay powell testimony to congress over the next couple of days. a lot in play, let's take a look at the markets here. a lot of red on the screen. s&p 500 broken down about a 10th of 1% on the day. the nasdaq 100 all of session lows but close to them. down about 1.5% on the day so far. the semiconductor index, about 1.7%, also down on the day. a breath of relief year after hitting all-time highs for these indexes. the two yields breaking down below 4.60, well below. about a three basis point move but remember we were still above 4.60 just yesterday. weaker dana driving those higher, the testimony to congress. the u.s. dollar breathing a sigh of relief after reaching a record on the day here. still up 7/10 of 1% off the highs of the day but still getting event. bitcoin is getting off of record highs. it did indeed touch that record but has now fallen very meaningfully to that $64,000 level, down now about 4.6%. we are talking about apple continuing its decline helping to lead a lot of those tech heavyweights stocks. that decline after apple sales in
mixed economic data in the run-up to jay powell testimony to congress over the next couple of days. a lot in play, let's take a look at the markets here. a lot of red on the screen. s&p 500 broken down about a 10th of 1% on the day. the nasdaq 100 all of session lows but close to them. down about 1.5% on the day so far. the semiconductor index, about 1.7%, also down on the day. a breath of relief year after hitting all-time highs for these indexes. the two yields breaking down below 4.60,...
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Mar 12, 2024
03/24
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services x housing is the jay powell indicator, the white line. the issue for the fed is that it's down a little bit but hasn't come down enough to make them competent in cutting rates. sonali: thank you for your time and analysis. you do that better than anybody else. with inflation coming in hot, or not depending on who you ask, let's discuss how to invest across asset classes. tony, there are so many ways that you can play the inflation story. when you look at what your clients are doing, how are they looking at assets outside of equities to capture this uncertainty in inflation? tony: it is great to be here. in general, our investors are looking to diversify with alternative investments to hedge against inflation. some areas, for example, like real estate come historically over the long-term has been a good hedge against inflation and delivered good returns. short-term, that inflation, keeping the rates higher, puts stress on new deals or existing real estate. it is about choosing the right spots within the real estate market to play. we think
services x housing is the jay powell indicator, the white line. the issue for the fed is that it's down a little bit but hasn't come down enough to make them competent in cutting rates. sonali: thank you for your time and analysis. you do that better than anybody else. with inflation coming in hot, or not depending on who you ask, let's discuss how to invest across asset classes. tony, there are so many ways that you can play the inflation story. when you look at what your clients are doing,...
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Mar 8, 2024
03/24
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jay powell was so interesting in what he said because he said they are waiting to gain confidence and they are not far off gaining the confidence. as that becomes more entrenched we can see the two year move lower. that is more returns for investors. sonali: how do you think about not just the two-year, but you did see movement in the 10 year. there is still uncertainty. >> i think where investors want to be moving towards, and that is what we are finding in fund flows is the intermediate part of the curve. investors moving to the belly of the curve. that is where you are earning the most amount of duration as well as coupon. as you look out further, past the seven year points. looking at tens and 20's and 30's, there can be an expectation of further steepening. that can continue. a lot of supplied to contend with. i think investors are better off right now given the strength of economic data, given there is so many questions about the decelerating path in flesh and, you want to clip your coupon top you want to do that in active funds within the high-yield and em spaces. ed: -- sonali
jay powell was so interesting in what he said because he said they are waiting to gain confidence and they are not far off gaining the confidence. as that becomes more entrenched we can see the two year move lower. that is more returns for investors. sonali: how do you think about not just the two-year, but you did see movement in the 10 year. there is still uncertainty. >> i think where investors want to be moving towards, and that is what we are finding in fund flows is the intermediate...
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powell testified before the house financial services committee un-aware at the moment of the stomach churning drop in the stock and bank may be fayettevilles a problem more anticipated and shutting down the emergency program and implemented a year ago as silicon valley bank collapsed taking down other regional bank withs it. ensuringly kidty if the bank -- insursuringly quitty and gold ad bitcoin at the moment in gustable slightly all time high and it made yesterday and up about 6% at the moment to $67,000 and gold recently hit an all time high as well and we got it here. let's fix that chart for you. we do have the yellow medal up about $10 to $2,152 a troy ounce. bitcoin billionaire mike and bing capital cochair steve here to assess all the breaking news and first wall street journal top fed journal and what bizarre timing that jay powell was before the house financial services committee had no idea what was happening with new york community bank stock and what do you think he learned and what would he have done with right after he finished testimony in q2? >> new york community ba
powell testified before the house financial services committee un-aware at the moment of the stomach churning drop in the stock and bank may be fayettevilles a problem more anticipated and shutting down the emergency program and implemented a year ago as silicon valley bank collapsed taking down other regional bank withs it. ensuringly kidty if the bank -- insursuringly quitty and gold ad bitcoin at the moment in gustable slightly all time high and it made yesterday and up about 6% at the...
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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 21, 2024
03/24
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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 28, 2024
03/24
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mike: i'm going with jay powell. jonathan: easy to go with. [laughter] mike: he said would -- we would get a .3% rise and i have no doubt in their analysis. this is of course on a year-over-year basis, which is what the fed is following. chris waller said the same thing last night and as he pointed out, the october to december average was about .03 percent, rather than 3/10 percent. so, it's 10 times higher in january and it would be the same this month. that suggests some progress has halted, if not gone the other way. jonathan: there are 54 estimates on the terminal and only five of them say anything other than 0.3%. i wonder why? and you just basically guess pc from ppi? mike: you can. inflation numbers are some of the best from economists. there might be a surprise in one or the other that push it 1/10 of one way or the other, but if you notice, there are only a certain number that say anything other than 3/10, but it is not a wide dispersion. jonathan: true. tiffany joins us now with more. let's start with the data tomorrow and then we ca
mike: i'm going with jay powell. jonathan: easy to go with. [laughter] mike: he said would -- we would get a .3% rise and i have no doubt in their analysis. this is of course on a year-over-year basis, which is what the fed is following. chris waller said the same thing last night and as he pointed out, the october to december average was about .03 percent, rather than 3/10 percent. so, it's 10 times higher in january and it would be the same this month. that suggests some progress has halted,...
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Mar 15, 2024
03/24
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jonathan: you get fed speak this coming week with a jay powell news conference wednesday afternoon. let's get to an update on stories elsewhere. >> a mas proposing what it's calling a comprehensive cease-fire deal as it tries to make progress on talks with israel. it was see the fraying of hostages including israeli women, children, the elderly and those who are ill. this is an exchange for the release of up to 1000 palestinian prisoners. the israeli prime minister says militant group is still making unrestricted -- unrealistic demands. the country's war cabinet is expected to discuss the work proposal today. shares of adobe or falling in the premarket after posting a weak sales outlet. the guidance is fueling concerns of new ai focus startups threatening its market share. the company has been integrating its proprietary ai model firefly into its top products like photoshop and illustrator. a recent demonstration by openai of its video generation model is fueling concerns about competition. bitcoin is retreating from its latest record high. there is an intensifying debate about whet
jonathan: you get fed speak this coming week with a jay powell news conference wednesday afternoon. let's get to an update on stories elsewhere. >> a mas proposing what it's calling a comprehensive cease-fire deal as it tries to make progress on talks with israel. it was see the fraying of hostages including israeli women, children, the elderly and those who are ill. this is an exchange for the release of up to 1000 palestinian prisoners. the israeli prime minister says militant group is...
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Mar 15, 2024
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. >> larry: jay powell says it has gone up 6.9% annual rate and wholesale producer prices, 3.3%, finished goods, 6.4, intermediate goods, 4. so in other words, inflation story is the wrong way again. so, if you are talking about going from 2 to 3, wait a second. you never hit 2. so you'll go to 4, and then you'll go to 5, so it's very -- what they want is election fed goosing of the economy and jay powell makes a gigantic mistake if he gets into the crossfire. >> sandra: i know austin goldsby and you go way back. >> larry: and when he's being straight, he's one of the best economists around. >> sandra: the federal reserve chair from chicago, he joined us on friday and a bit from the panel with steve moore and robert wolf. >> target is 2% and it should be. the fed said they would get inflation to 2% and so we got to get inflation down to 2%. >> i don't think we should surrender on the 2%, i think surrendering -- >> target is too low. >> sandra: and austin on, from the federal reserve in chicago, sticking with the 2% target. >> one of my best friends, i disagree with him on it. >> sandra: n
. >> larry: jay powell says it has gone up 6.9% annual rate and wholesale producer prices, 3.3%, finished goods, 6.4, intermediate goods, 4. so in other words, inflation story is the wrong way again. so, if you are talking about going from 2 to 3, wait a second. you never hit 2. so you'll go to 4, and then you'll go to 5, so it's very -- what they want is election fed goosing of the economy and jay powell makes a gigantic mistake if he gets into the crossfire. >> sandra: i know...
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Mar 21, 2024
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secretly jay powell will not cut-rates this year anyway before the election. on the other hand, nick petraeus of "wall street journal" who covers the beat very smart guy, how the fed was dovish. i was reading the term dovish from a lot of people. i don't think -- he is keeping 2% target, isn't that the where the rubber meets the road? all the lefties wanted him to go to 3%, hurry up, cut-rates, juice the economy to bail out joe biden, i don't see him doing that. >> i don't think so, i think it would be ashamed for to change the long term inflation economists. most economists you two two no more than i would, 2% in the long run is what you want it generally to be. >> they kept the long run inflation target the same and moved the long run fed funds rate. that is going to keep moving. they will keep moving that up. what they're communicating there, it takes slightly higher rates than they used to be believe to get down to 2% this is actually a hawkish message. larry: by the way i want to add on, maybe you should have put this in my riff, you wipe out gas-powered
secretly jay powell will not cut-rates this year anyway before the election. on the other hand, nick petraeus of "wall street journal" who covers the beat very smart guy, how the fed was dovish. i was reading the term dovish from a lot of people. i don't think -- he is keeping 2% target, isn't that the where the rubber meets the road? all the lefties wanted him to go to 3%, hurry up, cut-rates, juice the economy to bail out joe biden, i don't see him doing that. >> i don't think...
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Mar 18, 2024
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one, nvidia ceo and jay powell. which one has greater market moving potential? >> plus, march madness officially kicking off this week and the games have changed dramatically. now players are allowed to make money which cleared the way for ea sports to bring back an old favorite and play -- pay players for their names and likenesses. we will get that -- back to back. two straight losing week spirit had not happened since october. you can see the nasdaq is leading the way higher by about 1%. the s&p 500 not too far behind and the dow jones national average of 3/10 of a percent. ai optimism boosting tech stocks and not just in video which we have already seen. google and apple may be working together. those reports both helping those two stocks as well. >> now to the two big events that markets will watch this week. first up jensen wong, nvidia ceo delivering the keynote. that is today at 4:00 p.m. eastern. everyone wants to know what he will say about demand for aig chips and what they have in the pipeline. coming up n wednesday, jay powell, we will hear from the
one, nvidia ceo and jay powell. which one has greater market moving potential? >> plus, march madness officially kicking off this week and the games have changed dramatically. now players are allowed to make money which cleared the way for ea sports to bring back an old favorite and play -- pay players for their names and likenesses. we will get that -- back to back. two straight losing week spirit had not happened since october. you can see the nasdaq is leading the way higher by about...
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liz: steve, jay powell is speaking tomorrow and then thursday. what are you expecting from him, and when are you expecting the first rate cut? if. >> i think what we're probably expecting from him baseline is he's going to reinforce this narrative that they can be patients continue to watch the data come in. the market's pricing that in. you know, tom and i were talking before the show just how it's shifted. we shifted from as many as a six cuts to a little over three and a half at this point. i do think the market's sort of centered on around a june, so we'll see if that plays out. but i think he's more than likely going to reinforce that message. liz: okay. guys, we gotta run. were very close to session lows, particularly with the nasdaq. the nasdaq's session low, new one, 329-point loss, we're down 324 point wees. steve, tom, always a good to see you both. thank you very much. >>> you know, it it may seem anti-green, one major industrial making a very big bet that diesel is not dead. but the ceo of engine maker cummins is here to tell us why h
liz: steve, jay powell is speaking tomorrow and then thursday. what are you expecting from him, and when are you expecting the first rate cut? if. >> i think what we're probably expecting from him baseline is he's going to reinforce this narrative that they can be patients continue to watch the data come in. the market's pricing that in. you know, tom and i were talking before the show just how it's shifted. we shifted from as many as a six cuts to a little over three and a half at this...
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Mar 18, 2024
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no respect to jay powell. it could end up being a huge yon and we could wind up being back or we started but this rally, since october with big tech, it's been one leg it and nvidia has led the charge. i don't think we can afford a rebuff from nvidia here. the rally, broadening out a bit, but it's early days. nvidia -- jonathan: nvidia feels fundamentally driven given the numbers it has been putting up. with broadening out, how fundamentally driven is the rotation? rosa: -- ben: pretty fundamental. we have had lower s&p for two weeks, equal weight hitting the first of all time last week. euro stocks outperforming s&p. i think it's happening. it's happening because earnings either haven't been as bad as expected and the rest of the world, or the outlook is looking a little bit better the closer that we get to rate cuts. i still think that those cuts are coming. earnings have been over delivering. rate cuts have been pushed back for the right reason, so to speak, with growth better-than-expected. lisa: what woul
no respect to jay powell. it could end up being a huge yon and we could wind up being back or we started but this rally, since october with big tech, it's been one leg it and nvidia has led the charge. i don't think we can afford a rebuff from nvidia here. the rally, broadening out a bit, but it's early days. nvidia -- jonathan: nvidia feels fundamentally driven given the numbers it has been putting up. with broadening out, how fundamentally driven is the rotation? rosa: -- ben: pretty...
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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 ♪ â
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Mar 25, 2024
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this latest verse of jay powell has a lot of folks scratching their heads. meanwhile rotation and red flags. there is a lot going on beneath the surface. we have you covered. baseball scandal, chip wars, and president biden weighing in on real estate commissions. all that is for rob luna. past is prologue, welcome back judge roy bean and tom fitton on law fair in 2024. my latest on the casualties in the scorched earth climate change agenda. all that and so much more on "making money." ♪. charles: you know the old saying, follow the money? you can also say maybe follow the targets. so last week i pointed out wall street continues to stress their targets, right? and here's the thing they have been so tepid, they have been very, very tepid. coming into the year you can see i mean the numbers are really low. the street was looking on average 4891. we blew that past a long time ago. societe generale, 5200. this is what you will start seeing now. sort of like, if things are freight, this is what happens. it is really weird, if i jump off a pier i will get wet. o
this latest verse of jay powell has a lot of folks scratching their heads. meanwhile rotation and red flags. there is a lot going on beneath the surface. we have you covered. baseball scandal, chip wars, and president biden weighing in on real estate commissions. all that is for rob luna. past is prologue, welcome back judge roy bean and tom fitton on law fair in 2024. my latest on the casualties in the scorched earth climate change agenda. all that and so much more on "making money."...
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Mar 29, 2024
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daniel, you just heard from jay powell. do you think he might agree? >> well, thank you very much, lauren. i think that's the big mistake that we are seeing, is that the inflation reduction act has become the inflation perpetuating mistake. the decision of the government to massively increase spending and massively increase deficit which is, ultimately, printing money has made inflation worse. i am particularly concerned about the fact of the genuine reading has been revised up. the january reading. and the february reading when we rook at the tree months' trend and the six months' trend is actually very negative if because with it's accelerating. so what it's showing, basically, is that the government is unnecessarily hitting up the economy and -- heating up the economy and making americans poorer at the same time. the reality is that disposable income has fall opinion yet again. so i think it's a very dangerous situation for the fed to call the success of having beaten the inflation problem because it's not beating anywhere. remember that inflation i
daniel, you just heard from jay powell. do you think he might agree? >> well, thank you very much, lauren. i think that's the big mistake that we are seeing, is that the inflation reduction act has become the inflation perpetuating mistake. the decision of the government to massively increase spending and massively increase deficit which is, ultimately, printing money has made inflation worse. i am particularly concerned about the fact of the genuine reading has been revised up. the...
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Mar 7, 2024
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i do not think that jay powell will give us a lot of direction in that regard either. that is what you would look for at this point. sonali: michael mckee and liz mccormick, a busy couple of days and hours. we will go to capitol hill where the fed chair is testifying to the senate banking committee. >> why shouldn't the fed act now for workers to lose their jobs rather than reacting after the fact? chair powell: we are well aware and very conscious of avoiding it. what we expect and what we are seeing is continued strong growth and labor market and continuing progress and bringing inflation down. if that happens and the economy evolves over that path and we do think that the process of carefully removing the restrictive stance and policy will and can begin over the course of this year. sen. brown: i know we have had this conversation publicly or privately, and also that you know that working people are hit the hardest with inflation and when companies try to cut costs with layoffs. this town seems to too often forget that maximum employment is part of the fed's dual ma
i do not think that jay powell will give us a lot of direction in that regard either. that is what you would look for at this point. sonali: michael mckee and liz mccormick, a busy couple of days and hours. we will go to capitol hill where the fed chair is testifying to the senate banking committee. >> why shouldn't the fed act now for workers to lose their jobs rather than reacting after the fact? chair powell: we are well aware and very conscious of avoiding it. what we expect and what...
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Mar 25, 2024
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we know what this will look like because jay powell said so. going forward how is the balance of risk shift based on the recent pivot in communication? jonathan: i think this beach to watch is maybe governor cook of the federal reserve -- i think the speech to watch is maybe governor cook of the federal reserve. the bias of the moment seems to be fed weakness in the labor market. if we get any they respond. lisa: that was new and he had not said that before. this comes at a time inflation is higher than a lot of people would like to see. torsten slok putting out a piece on how wage inflation is still stickier at 5% in the united states. not necessarily pointing to that immaculate disinflation. jonathan: shares of united slightly lower on the heels of reporting from bloomberg the faa is weighing measures to curb growth that the airline following u.s. during of safety incidents. these could prevent united from adding new routes and preventing united flying paying customers on new aircraft. united declining to comment. we are lower almost 4%. annm
we know what this will look like because jay powell said so. going forward how is the balance of risk shift based on the recent pivot in communication? jonathan: i think this beach to watch is maybe governor cook of the federal reserve -- i think the speech to watch is maybe governor cook of the federal reserve. the bias of the moment seems to be fed weakness in the labor market. if we get any they respond. lisa: that was new and he had not said that before. this comes at a time inflation is...