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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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Feb 1, 2024
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. >>> that after fed chair jay powell dashed hopes of a march interest rate cut. he says it is not the base case, not at this time. >>> the regional bank reckoning strikes again after the shares of the new york community bank has the worst day since last year. >>> and elon musk looking to reincorporate tesla outside of delaware after the pay package was rejected >>> we are getting set for super thursday with the biggest names prepare to report earnings it's thursday, february 1st, 2024 you're watching "worldwide exchange" right here on cnbc ♪ >>> good morning and welcome to "worldwide exchange. i'm frank holland. let's start your day as we kickoff the hour and the first trading day of the new month with the look at u.s. stock futures. you are seeing the dow opening up 40 points higher. nasdaq .50% higher right now the action in the pre-market is after the fed's january surprise yesterday where jay powell and the fmoc shot down any hopes for an interest rate cut this march. >> based on the meeting today, i would tell you that i don't think it's likely that the co
. >>> that after fed chair jay powell dashed hopes of a march interest rate cut. he says it is not the base case, not at this time. >>> the regional bank reckoning strikes again after the shares of the new york community bank has the worst day since last year. >>> and elon musk looking to reincorporate tesla outside of delaware after the pay package was rejected >>> we are getting set for super thursday with the biggest names prepare to report earnings it's...
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May 2, 2024
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still digesting the latest from jay powell and what he had to say about the policy path forward. >>> futures are trying to build momentum with wall street still on track for its fourth down week in the last five. >>> the focus for the market today is earnings as apple is set to report after the close today. the one big number of need to watch. >>> weight-loss drugs power the bottom line at novo nordisk and shares moving in an interesting direction overseas. >>> and looking at the u.s. and what jay powell said could give emerging markets a boost today it is thursday, may 2nd, 2024. you are watching "worldwide exchange" here on cnbc ♪ >>> good morning and welcome to "worldwide exchange. we're coming to you live from cnbc london. let's get you ready for the trading day ahead. wall street is waking up with whiplash after the rally that saw the dow surge 500 points higher and ending the day with marginal gains u.s. stock futures are trying to build on the gains you see they are gleareen acros board. dow opening at 120 points higher nasdaq off the highs from earlier, but up .50% all this
still digesting the latest from jay powell and what he had to say about the policy path forward. >>> futures are trying to build momentum with wall street still on track for its fourth down week in the last five. >>> the focus for the market today is earnings as apple is set to report after the close today. the one big number of need to watch. >>> weight-loss drugs power the bottom line at novo nordisk and shares moving in an interesting direction overseas....
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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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Jan 31, 2024
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charles: what the jay powell and markets may do today? >> jay powell has options. equity spreads all-time highs. he has the option of appearing hawkish without having to commit to action in march. so i think we will come out a little more hawkish. he will guide be patient, fight inflation, he will have plenty of time to change his mine. charles: i love having these conversations with you. i'm glad you are on board today. talk to you soon. we're minute minutes away from g for jay powell. market is reacting to the that. comments are so critical. we'll put comment on the screen. because you got to understand these are central to the questions the fed has to answer today. these again right at the very beginning they made some significant changes. the markets reacted significantly. i'm here with alli and danielle. ladies you had a chance to check out the fomc statement. i start with, today danielle, how much does that alter what you were expecting coming into today? >> i was surprised to see they completely removed any language about a sound banking system on a day like
charles: what the jay powell and markets may do today? >> jay powell has options. equity spreads all-time highs. he has the option of appearing hawkish without having to commit to action in march. so i think we will come out a little more hawkish. he will guide be patient, fight inflation, he will have plenty of time to change his mine. charles: i love having these conversations with you. i'm glad you are on board today. talk to you soon. we're minute minutes away from g for jay powell....
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May 2, 2024
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back to jay powell >> we looking at the 2.2% objective. the company decided to maintain the target range at 5.25% to 5.5% and significantly reduce securities holdings at a slower pace >> u.s. futures are moving higher on the jay powell comments also looking at u.s. job openings they fell to the lowest level in three years according to the jolts survey this is indicating the labor market is cooling off. the latest data from adp suggests hiring is not slowing down private payrolls increased at a quick pace the chief economists said wage growth is resilient in the u.s. >> the pay growth for people switching jobs and high job openings means job wages are not playing along. they are higher with the 2% target as we look at what the labor market is saying, it is saying to the fed we are a smoking ember and we could ignite and watch wages. wage growth is strong. >> here to discuss the u.s. economy and european economy is dan lakai. great to have you here >> good morning. thank you for having me. >> that decision by jay powell give me a sense, how
back to jay powell >> we looking at the 2.2% objective. the company decided to maintain the target range at 5.25% to 5.5% and significantly reduce securities holdings at a slower pace >> u.s. futures are moving higher on the jay powell comments also looking at u.s. job openings they fell to the lowest level in three years according to the jolts survey this is indicating the labor market is cooling off. the latest data from adp suggests hiring is not slowing down private payrolls...
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May 1, 2024
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what do you expect from jay powell. how do you see the market moving or not moving with the 2:30 press conference? >> i think it's widely expected that the fed's going to be basically be on hold. everybody's going to be sitting on pins and needles to see where they are going forward. we have now had four months in a row where inflation is showing inflation at 2.4% to 2.6%, which is clearly higher. that's why everybody is thinking they're not going to cut as soon as people hoped. but it's also not so high they're going to talk about cutting rates. i think you're hearing more and more rumors. we're kind of in this weird in-between where it's not getting down to where we want. i don't think we're talking rate increases. i think the next move is going to be down. later than people hoped. >>> all right. so we're one day away from seeing that year over year in q1 wagers increase by 4%. the average over the ten years before the pandemic. right now your w.e.x. word of the day, you're worried about stagflation. >> i'm not worrie
what do you expect from jay powell. how do you see the market moving or not moving with the 2:30 press conference? >> i think it's widely expected that the fed's going to be basically be on hold. everybody's going to be sitting on pins and needles to see where they are going forward. we have now had four months in a row where inflation is showing inflation at 2.4% to 2.6%, which is clearly higher. that's why everybody is thinking they're not going to cut as soon as people hoped. but it's...
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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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Apr 17, 2024
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i think the market figured it as jay powell had said. it doesn't make sense the june cut given where inflation is right now. >> right now we see two sectors, utilities and also real estate. in your mind, what does that signal? it feels like days ago. i was a couple of weeks ago. everybody is talking about this broadening of the market and now we're seeing contraction. >> two sectors are real estate and utilities. you've got inflation, you've got a fed that can't be cutting interest rate sensitivity. that's not what you want on your equity exposure. you want companies participating the growth, and real estate and utilities don't do that. >> again, your w.e.x. word of the day is "premonetary," waiting for something bad to happen. you seem to be a boxing fan. you gave us notes, an old mike tyson quote. everybody is surprised until they get punched in the mouth. it had to be a bit of a surprise. what do you advise clients to do? >> i think you've got to have a plan to stuck to when you do get that pup. in the mouth. that's when it's difficul
i think the market figured it as jay powell had said. it doesn't make sense the june cut given where inflation is right now. >> right now we see two sectors, utilities and also real estate. in your mind, what does that signal? it feels like days ago. i was a couple of weeks ago. everybody is talking about this broadening of the market and now we're seeing contraction. >> two sectors are real estate and utilities. you've got inflation, you've got a fed that can't be cutting interest...
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Feb 5, 2024
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jay powell addressed that on "60 minutes" last night. i want to play that for you. >> what is the likelihood of another real estate-led banking crisis? >> i don't think -- i don't think that's likely. we looked at larger banks balance sheets and it is a manageable problem. there are smaller and regional banks that have concentrated exposures in the areas that are challenged. we are working with them. >> powell went to say a few may have to close or merge. he is working with them. back to you. you say the risk is jumping off the page and you are looking at new york community bank. the commercial real estate with multifamilies which is part of the issue last week and also office. when i look at the community bank, they he have twice the multifamily exposure of peers. i thought it was the office. i thought office was the risk and multifamily was the safer bet. >> i think the issue with the community bank is the rent controlled properties. that is why the loans are falling in arrears. suddenly the market got a sense this is not an office iss
jay powell addressed that on "60 minutes" last night. i want to play that for you. >> what is the likelihood of another real estate-led banking crisis? >> i don't think -- i don't think that's likely. we looked at larger banks balance sheets and it is a manageable problem. there are smaller and regional banks that have concentrated exposures in the areas that are challenged. we are working with them. >> powell went to say a few may have to close or merge. he is...
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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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Feb 1, 2024
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off the back of remarks from fed chair jay powell. every sector of the index currently negative the aussie dollar losing ground as well. currently 65 63 against the greenback. yields slip on the aussie tenure also. yields fell pretty much across the curve. crude prices remaining steady. 7590 a barrel still waiting to see what action the u.s. takes in regards to the airstrike on its troops in jordan that killed three and injured 25 earlier in the week. treasuries. let's look at the japan session. we saw yields falling across the curve after remarks from jay powell that appeared to take the march -- the idea of easing in march off the table. the yield on the 10 year now 39312 in the tokyo session. yes jay powell is preparing to rule out march in terms of rate cuts. that begs the question, what was the fed waiting to see? let's hear from the chair. chair powell: we want to see more good data. it is not that we are looking for better data. it is that we are looking for a continuation of the good data we have been seeing. an example is inf
off the back of remarks from fed chair jay powell. every sector of the index currently negative the aussie dollar losing ground as well. currently 65 63 against the greenback. yields slip on the aussie tenure also. yields fell pretty much across the curve. crude prices remaining steady. 7590 a barrel still waiting to see what action the u.s. takes in regards to the airstrike on its troops in jordan that killed three and injured 25 earlier in the week. treasuries. let's look at the japan...
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Apr 13, 2024
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it might be that jay powell thinks it's a danger to jay powell, because president trump told me in an interview in february that he would not reappoint jay powell. [laughter] >> that's right. but jay powell's there until 2026. at that point he's another one that's going to be 80 years old. at that point maybe it's time to step back anyway. to your point, yes, maybe he's also trying to protect himself for a potential third term at the fed. i'm not sure why he'd want to stay another term at the fed after, you know, what he's been through, but that's a whole other conversation. one way or the other, i do think that it's inpoint if -- inappropriate for the president to come out and say we're going to get in this rate cut. while it may be pushed off a month, i fully expect it to come. meanwhile, unless the data changes i don't see how the fed can convince everyone that it's necessary to cut rates and stimulate the economy when our economy is functioning on all 12 cylinders and is doing a very fine job are even with rates at 5.25%. which, by the way, you and i know are historically normal.
it might be that jay powell thinks it's a danger to jay powell, because president trump told me in an interview in february that he would not reappoint jay powell. [laughter] >> that's right. but jay powell's there until 2026. at that point he's another one that's going to be 80 years old. at that point maybe it's time to step back anyway. to your point, yes, maybe he's also trying to protect himself for a potential third term at the fed. i'm not sure why he'd want to stay another term at...
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Apr 4, 2024
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let's get back to the fed chair jay powell. yesterday signaling that policymakers will need clearer information of lower inflation before cutting interest rates. but he says the bump in prices recently hasn't altered the feds broader trajectory. >> let's bring in mark cranfield from bloomberg's mliv team now. mark, we saw treasury yields going through a bit of a round-trip yesterday. the hawkish comments from bostic sent yields higher. then you had powell a little dovish, sending front end yields lower, you also had the economic data feeding into the story. what market reaction could we see from the jobs data we have yet to come? >> if there is any big changes, we will see it in the foreign-exchange world. we are in a pretty interesting situation for the u.s. dollar. positioning-wise, traders are pretty long u.s. dollars, they have been for a few weeks, which is not surprising. we had a strong set of u.s. data. we have also had a fairly hawkish speakers from the federal reserve pushing back against early rate cuts. the jobs dat
let's get back to the fed chair jay powell. yesterday signaling that policymakers will need clearer information of lower inflation before cutting interest rates. but he says the bump in prices recently hasn't altered the feds broader trajectory. >> let's bring in mark cranfield from bloomberg's mliv team now. mark, we saw treasury yields going through a bit of a round-trip yesterday. the hawkish comments from bostic sent yields higher. then you had powell a little dovish, sending front...
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i know you defended jay powell but -- >> not a matter of defending jay powell. it is a matter of defending those who are creating the data. we now know they were not wrong. there was a loss of 192,000 jobs in the third quarter and september 30th, 2023. i -- charles: this stuff was revised months later. >> of course that was revised but that does not erase the reality where we were last year with job losses as of september the 30th. charles: how do we get around that? on friday, if he put out this is the jobs report, it is not real, ignore it, six months from now it may be 1000% different? >> that is not how market react. markets always pin on the initial print and you will see jay powell at the podium doing the same. he will talk about the initial print on the economy that appeared to be so robust. give it a little bit of time. he is talking about a false reality. charles: of these things which will be more prominent, fed rate cuts push them out, keep them in play. >> defend the rate cuts as the unemployment rate continue to do tick up after every meeting. he ha
i know you defended jay powell but -- >> not a matter of defending jay powell. it is a matter of defending those who are creating the data. we now know they were not wrong. there was a loss of 192,000 jobs in the third quarter and september 30th, 2023. i -- charles: this stuff was revised months later. >> of course that was revised but that does not erase the reality where we were last year with job losses as of september the 30th. charles: how do we get around that? on friday, if...
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powell's comments, reaction to jay powell comments maybe disengage meant bonds and stocks unnatural to begin with anecdotal stuff leading up to this, from unit labor costs you know growing at significantly lower rate adp 1, 07,000 to regional fedsing manufacturing numbers to jobless claims anecdotal data said a bad number what workforces me. >> expectations 180,000 nonfarm payrolls added to economy in january moiment rate expected to take liar to 3.8%, zoom announced gos to cut 150 jobs adding to more than 20 companies laying off workers this year, so charles you are right look, this number is expected to show growth in jobs, but look at companies cutting right now. >> that is key even more than cutting lack of hiring, hiring announcements came a record low last month a record low. so now if you start to lose your job no one is going to pick up slack we've seen gap between, job leaves, stayers closed dramatically i will tell you goldman sachs looking for 250,000 today, if it didn't come in he they will blame it on weather what bothers me we will take this number go with it pull off
powell's comments, reaction to jay powell comments maybe disengage meant bonds and stocks unnatural to begin with anecdotal stuff leading up to this, from unit labor costs you know growing at significantly lower rate adp 1, 07,000 to regional fedsing manufacturing numbers to jobless claims anecdotal data said a bad number what workforces me. >> expectations 180,000 nonfarm payrolls added to economy in january moiment rate expected to take liar to 3.8%, zoom announced gos to cut 150 jobs...
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May 2, 2024
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mark cranfield with the analysis from jay powell, thank you indeed. from the macro to the corporate facing stories and apples results after the market closed indeed. revenue expected to contract indeed amid a regulatory pressure and ai strategy concern. let's cross over to peter ahlstrom. what can we expect from the numbers? how much will be a china story? peter: all eyes are on apple, trying to figure out how the company navigates these -- these resistant forces ahead of it at this point. it's an unusual place, they've had an amazing run and now they are struggling. revenue declined this quarter. expectations are revenue will be down 5% because of the smart phone market and china has been challenging. iphones are a big growth driver for many years. in china they are facing headwind because of the resurgence of wall way and shall me. we've seen them lose ground in china to those companies, especially wall way. the u.s. blacklisting cause some problems, now there is nationalistic demand for phones in particular. one of the things for apple is they are
mark cranfield with the analysis from jay powell, thank you indeed. from the macro to the corporate facing stories and apples results after the market closed indeed. revenue expected to contract indeed amid a regulatory pressure and ai strategy concern. let's cross over to peter ahlstrom. what can we expect from the numbers? how much will be a china story? peter: all eyes are on apple, trying to figure out how the company navigates these -- these resistant forces ahead of it at this point. it's...
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maria: what is transitory when i asked about jay powell here is what he said. >> jay powell fed chairman is talking about a soft landing you do you believe we will see a soft landing. >> i think he is going to do something, to probably help the democrats, i think if he lowers interest rates but you have potential massive inflation again, because the middle east could drive up precise of energy he is not able to do anything but looks to me like trying to lower interest rates for the sake of maybe getting people elected i don't know. maria: you think political going to cut rates. >> i think he is political yeah. maria: would you reappoint jay powell? >> this no, i wouldn't do that. >> you wouldn't. >> no. maria: because? he missed inflation. >> he did miss but i wouldn't be -- >> that was february 4, joel, when president trump said inflation will reignite because of oil how this is playing out. adam: called it right then not many in february earning inflation would pick up. maria: president trump was. >> he called it right at that point, now i think you are seeing a lot more people on the
maria: what is transitory when i asked about jay powell here is what he said. >> jay powell fed chairman is talking about a soft landing you do you believe we will see a soft landing. >> i think he is going to do something, to probably help the democrats, i think if he lowers interest rates but you have potential massive inflation again, because the middle east could drive up precise of energy he is not able to do anything but looks to me like trying to lower interest rates for the...
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Mar 8, 2024
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jay powell on the hill. jobs report and state of the union address. a lot for investors to consider. also the s&p hitting a new record. what do you see happening today? what is your "wex" word of the day? >> my word of the day is indifferent. lots of chatter all over cnbc and other news networks about the state of the union. i don't think the market is moving based on the state of the union address. it was a spirited address. i don't think we will see any permanent movement around the election until closer to november. >> indifferent? i wasn't expecting that one. not worried about it either way. >> i think there are other headlines on the docket for today. jobs report. we have been talking about that all morning. it is moving the market today over the state of the union. >> right now, you are looking at what moves you want to make going into march. we have guidance from jay powell. the cuts are coming, but it is not clear when. how are you moving portfolios? what are you looking at right now? what considerations do you have? >> i think we can look at
jay powell on the hill. jobs report and state of the union address. a lot for investors to consider. also the s&p hitting a new record. what do you see happening today? what is your "wex" word of the day? >> my word of the day is indifferent. lots of chatter all over cnbc and other news networks about the state of the union. i don't think the market is moving based on the state of the union address. it was a spirited address. i don't think we will see any permanent movement...
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Jan 31, 2024
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we look ahead to jay powell later today. if they push back aggressively how vulnerable are treasuries? mark: it will be sharp and the curve. we had a big inversion and people are looking for a big staple, the next big money maker. if he pushes back it would be too early for the steepening. that will be a disappointment and you will see a deeper inversion. the two year yield will stay high relative to the tens. next week there is a tenant 30 year auction that will make them more difficult. any hint that may is on the cut keep steepening alive, but if he says there is no timetable for a fed cut the second half of the year, we will not see people get aggressive on the steepening. it will have to stay on hold. tom: 432 on the two-year. thank you, mark cranfield from our team. get more from the team on the block on the terminal or bloomberg.com. novo nordisk sees profits soaring. setting a strong forecast in terms of sales and profits. we bring you the details, this is bloomberg. ♪ ♪ tom: welcome back to daybreak euro. novo n
we look ahead to jay powell later today. if they push back aggressively how vulnerable are treasuries? mark: it will be sharp and the curve. we had a big inversion and people are looking for a big staple, the next big money maker. if he pushes back it would be too early for the steepening. that will be a disappointment and you will see a deeper inversion. the two year yield will stay high relative to the tens. next week there is a tenant 30 year auction that will make them more difficult. any...
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maria: would you reappoint jay powell. >> no i would not do that. maria: because it? he missed inflation. >> he did miss but no. >> who is your choice for fed chairman. >> have a couple choices but i can't tell you now. >> a lot of news joe pinion i would get your reaction from massive inflation again spikes in oil prices the 45th president powell may cut rates for biden to be political and i won't reappoint jay powell to the feds, your thoughts. >> i think jay powell has made it clear he wants no inflation and he does not want that to be his epigraph, conversely joe biden doing everything possible to make sure there was not a recession on his watch, the talk of work on the rica is a big thing as it relates to president trump talking about some of those union members and what they want compared to the reiki file in a little bit before the show started, what the union workers want is the economy that we had under president trump 7 million jobs created pre-covid and what the union members want is to make sure the savings accounts are good get eviscerated and people cove
maria: would you reappoint jay powell. >> no i would not do that. maria: because it? he missed inflation. >> he did miss but no. >> who is your choice for fed chairman. >> have a couple choices but i can't tell you now. >> a lot of news joe pinion i would get your reaction from massive inflation again spikes in oil prices the 45th president powell may cut rates for biden to be political and i won't reappoint jay powell to the feds, your thoughts. >> i think...
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Feb 13, 2024
02/24
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jay powell said it would be transitory. so did all the economists. to your point, it is self-correcting normally. high prices shop us from pointing. we had to much extra cash we never stopped. feels like this is the one weird part of all of this no one really talks about, you can't just pour trillions of dollars into the economy and think it is going to abnormal economy? >> exactly, which is why you saw today with cpi, charles, a lot of components in that are actually now reaccelerating in january because a lot of what happened, i think after covid was structural shift in the economy. we keep asking ourselves where's the recession? when is inflation going to come down? the models are not predicting it. i think the models are wrong because there has been a structural shift. the input into the models are not giving us the correct output you would get. i was looking at the cpi report. of 19 major components, 11 are reaccelerating in january and they are sticky. it is food, shelter, air fare. those are things not necessarily coming down. this is posed a
jay powell said it would be transitory. so did all the economists. to your point, it is self-correcting normally. high prices shop us from pointing. we had to much extra cash we never stopped. feels like this is the one weird part of all of this no one really talks about, you can't just pour trillions of dollars into the economy and think it is going to abnormal economy? >> exactly, which is why you saw today with cpi, charles, a lot of components in that are actually now reaccelerating...
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Feb 1, 2024
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. >>> european equities moderate despite losses on wall street after fed chair jay powell pushes back on the march rate cuts >> we will look at the meeting based on the meeting today, i will tell you i don't think it is likely the committee will reach a level of confidence by march. >>> and volvo races to the top of the stoxx 600 after announcing it will stop funding polstar. the ceo strikes a bullish tone to cnbc. >> a lot of hard work and the foundational work allows us to have a strong 2024 and beyond. >>> good morning yesterday was the major focus for the investment community with the fed meeting after the fed chair disappointed ins terms of the potential to deliver on the march rate cut that was a key market for markets yesterday. we look at the bank of england meeting today. we are tracking earnings this is super thursday with lots of names with results. you can see it is a mixed bag. we have deutsche bank in the money. those names are trading in the green with julius baer up 3.3% the german lender reporting gains after the drop of fourth quarter profit and raising revenue outlo
. >>> european equities moderate despite losses on wall street after fed chair jay powell pushes back on the march rate cuts >> we will look at the meeting based on the meeting today, i will tell you i don't think it is likely the committee will reach a level of confidence by march. >>> and volvo races to the top of the stoxx 600 after announcing it will stop funding polstar. the ceo strikes a bullish tone to cnbc. >> a lot of hard work and the foundational work...
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jay powell's the type of guy, if you gives you forward guidance he wants to hit that guidance. his forward guidance was essentially a june rate cut. obviously that doesn't look like it will happen in june. it may happen in july, august or september. what they're saying, not me, what they're saying he wants to do one not too close to the election, if they think there is significant progress, remember some of his language they're parsing. you need much more progress to 2% inflation. he said progress, didn't he? did i get that right? liz: uh-huh. >> progress is not 2%. liz: he said multiple times we will get down to 2%. >> we will, but before we start cutting i think he talked about progress. check the language own that. i think that's what they're hanging their hat on. if he sees progress of us going there. liz: if it mixed with a wobbling jobe market then he might cut. >>> we have a wobbling -- liz: did you see the adp number? >> gdp is slowing down. liz: by the way everybody, friday, we get the april's jobs report. that may solidify or change the whole picture. >> we had a lous
jay powell's the type of guy, if you gives you forward guidance he wants to hit that guidance. his forward guidance was essentially a june rate cut. obviously that doesn't look like it will happen in june. it may happen in july, august or september. what they're saying, not me, what they're saying he wants to do one not too close to the election, if they think there is significant progress, remember some of his language they're parsing. you need much more progress to 2% inflation. he said...
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Apr 26, 2024
04/24
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did he speak with jay powell? is he messaging jay powell? why did he say that? >> if jay powell is taking directions from joe biden we're in a lot of trouble and the problem with inflation is not going to go away anytime soon. it will be with us in november and joe biden will pay for that. maria: yeah. brenda, have you changed the way you invest because inflation remains sticky, because its staying at elevated levels here and it's not -- nowhere near the fed's target of 2%? >> the last time we were talking before the march cpi i remember saying something to you specifically, that if we saw another high print after january, february, things would change and that's exactly what we've seen. we've seen the s&p off 5 and-a-half percent since the march highs. we have the 10 year at 4.7%. i do think the repricing of fixed income has happened. maybe we go up to 4.75 today. i don't think we'll see a pce number that we like but i do think that fundamentally we're going to see the 10 year fall to 3.8 by the end of the year. maria: seems unlikely to me too. brenda, great to
did he speak with jay powell? is he messaging jay powell? why did he say that? >> if jay powell is taking directions from joe biden we're in a lot of trouble and the problem with inflation is not going to go away anytime soon. it will be with us in november and joe biden will pay for that. maria: yeah. brenda, have you changed the way you invest because inflation remains sticky, because its staying at elevated levels here and it's not -- nowhere near the fed's target of 2%? >> the...
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coming up next, jay powell, remember him? jay powell on cbs pulled the plug on lower interest rate. stocks didn't seem to like it was they closed down to 75 points and down 400 points. we are going to talk about foxbusiness taylor briggs and breitbart john party. catch kudlow friday 4:00 p.m. your on foxbusiness. can't give us at 4:00? text your favorite 9-year-old and she will show you how to dvr the show and you will see how easily we can fix a broken america. i'm kudlow, we'll be right back. ♪ jay powell lower interest rates and some solutions megan much. first let's head to the white house to hear what edward lawrence has to say. you're watching 60 minutes last night. >> i did see the interview, it was interesting. federal reserve chairman waiting for the right moment rate and he said that on his interview will be hinted at the fact that the first cut might be in may. >> almost all, almost all of the 19 participants who sat at this table believe there will be appropriate and the most likely case for us to cut the federal funds rate this year. >> that forecasted three rate cuts
coming up next, jay powell, remember him? jay powell on cbs pulled the plug on lower interest rate. stocks didn't seem to like it was they closed down to 75 points and down 400 points. we are going to talk about foxbusiness taylor briggs and breitbart john party. catch kudlow friday 4:00 p.m. your on foxbusiness. can't give us at 4:00? text your favorite 9-year-old and she will show you how to dvr the show and you will see how easily we can fix a broken america. i'm kudlow, we'll be right back....
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Mar 6, 2024
03/24
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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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breaking now, jay powell on the defensive. he spoke two hours ago as the fed deals with so many conflicting economic trends and there are concerns with the fed being too political. wait until you hear what powell had to say about that. learn the difference between hard and soft data, when will investors value value stocks? one year ago she gave you two stocks up 220% and 175%, one year ago today. find out where sarah kunst is buying right now. gen-z says they need 1.6 mil to retire in style. the good news they started early. the bad news, they ain't making much traction. here is the question, how much do you need to retire comfortably and tweet me @cvpayne. you don't want to hear my take on the wall street jobs report no matter what the print is on monday. all that and. more on "making money" ♪ charles: there has been a hesitant start to the quarter. this is monster first quarter. let's look at the first quarter one more time, put it in perspective. large cap u.s. stocks up almost 11%. commodities, all kinds of things that w
breaking now, jay powell on the defensive. he spoke two hours ago as the fed deals with so many conflicting economic trends and there are concerns with the fed being too political. wait until you hear what powell had to say about that. learn the difference between hard and soft data, when will investors value value stocks? one year ago she gave you two stocks up 220% and 175%, one year ago today. find out where sarah kunst is buying right now. gen-z says they need 1.6 mil to retire in style....
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coming up next, jay powell, remember him? jay powell on cbs pulled the plug on lower interest rate. stocks didn't seem to like it was they closed down to 75 points and down 400 points. we are going to talk about foxbusiness taylor briggs and breitbart john party. catch kudlow friday 4:00 p.m. your on foxbusiness. can't give us at 4:00? text your favorite 9-year-old and she will show you how to dvr the show and you will see how easily we can fix a broken america. i'm kudlow, we'll be right back. ♪ (fisher investments) at fisher investments we may look like other money managers, but we're different. (other money manager) you can't be that different. (fisher investments) we are. we have a team of specialists not only in investing, but also also in financial and estate planning and more. (other money manager) your clients rely on you for all that? (fisher investments) yes. and as a fiduciary, we always put their interests first. (other money manager) but you still sell commission -based products, right? (fisher investments) no. we have a simple management fee structured so we do bette
coming up next, jay powell, remember him? jay powell on cbs pulled the plug on lower interest rate. stocks didn't seem to like it was they closed down to 75 points and down 400 points. we are going to talk about foxbusiness taylor briggs and breitbart john party. catch kudlow friday 4:00 p.m. your on foxbusiness. can't give us at 4:00? text your favorite 9-year-old and she will show you how to dvr the show and you will see how easily we can fix a broken america. i'm kudlow, we'll be right back....
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Apr 10, 2024
04/24
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maria: president trump on jay powell. >> jay powell the fed chairman talking about a soft landing do you believe we will see a soft landing. >> well, i think he is going to do something, to probably help democrats, yeah. i think if he lowers interest rates. but you have the potential of having massive inflation again, because the middle east could drive up the price of energy he is not able to do anything, but looks to me like trying to lower interest rates for the sake of maybe -- getting people elected i don't know. maria: you think he is political going to cut rates -- >> i do i think he is political yeah. maria: would you reappoint jay powell? >> no, i wouldn't do that. >> because? >> he missed inflation. >> did miss he did miss no, i wouldn't be -- >> barry knapp your take on backdrop here, what jay powell needs to do. you know, we saw that jobs number the other day that everybody was celebrating 300 jobs created in march then started really zeroing in realized much job creation was part time, a lot of jobs given to foreign born not american citizens, so can we look at the jobs
maria: president trump on jay powell. >> jay powell the fed chairman talking about a soft landing do you believe we will see a soft landing. >> well, i think he is going to do something, to probably help democrats, yeah. i think if he lowers interest rates. but you have the potential of having massive inflation again, because the middle east could drive up the price of energy he is not able to do anything, but looks to me like trying to lower interest rates for the sake of maybe --...
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of course jay powell said he couldn't see the stag or the inflation. where are you in the economy in general? to your point the data is conflicting? >> so the economy is hanging in there. if you look at gdp final sales above trend at 3%. we're not really concerned about the economy when it comes to stagflation. we're more concerned about asset markets and the fed's response to that. for now the fed's response is asymmetric, i e. jackie: they will cut if it doesn't grow fast tough or will hike if it remains above trend. if inflation continues to remain above trend? charles: how much longer, everyone feels saying it is okay. in january it was the weather even though i was shocked economists were surprised it got cold in january but anyway if it stays above trend much longer woken the fed even have to acknowledge that or take action? >> well they don't necessarily have to acknowledge it by taking action in a hawkish direction. it can continue to delay the dovish action, could have this with treasury policy could downgrade -- charles: you don't see the fed
of course jay powell said he couldn't see the stag or the inflation. where are you in the economy in general? to your point the data is conflicting? >> so the economy is hanging in there. if you look at gdp final sales above trend at 3%. we're not really concerned about the economy when it comes to stagflation. we're more concerned about asset markets and the fed's response to that. for now the fed's response is asymmetric, i e. jackie: they will cut if it doesn't grow fast tough or will...
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Mar 6, 2024
03/24
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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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jay powell. no, this guy is the worst. so the notion he can pull this off, looks like everyone is starting to become a believer and it is not just main street, folks. take a look at this. these are professional newsletter writers. this is the bullishness. this is rocketing high. at a level typically associated with the market coming down. these are the experts. they get paid a lot of money on their newsletters. they're extremely bullish. retail sentiment investors, 51% bullish, that is extraordinarily high. i will say this, i know the wall street loves to the diss the retail investors they have been spot on last couple years more so than the pros. everyone on the same page. that kind of makes us a little bit nervous. i want to say one thing about the retail investor and i want you to pay attention to this. we always wonder where is the buying going to come from? three years ago, 3 trillion-dollars in margin this is how much money they borrow to buy more stock. the more they borrow at some point y
jay powell. no, this guy is the worst. so the notion he can pull this off, looks like everyone is starting to become a believer and it is not just main street, folks. take a look at this. these are professional newsletter writers. this is the bullishness. this is rocketing high. at a level typically associated with the market coming down. these are the experts. they get paid a lot of money on their newsletters. they're extremely bullish. retail sentiment investors, 51% bullish, that is...
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May 1, 2024
05/24
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the language from jay powell will be very consequential indeed. does he use the word less and it comes to the expectation around cuts? does he even put the view that a hike is possible on the table? all of those scenarios are being weighed up by the markets but a hawkish pivot seems to be what is expected. u.s. futures currently flat after the losses of 1.6% on the s&p yesterday, the worst drop since january. the dollar strengthening. again, concerned leading up to the meeting on the stickiness of inflation. u.s. futures as i mentioned currently flat. u.s. futures flat. the u.k., one of the few markets in the region that is open today. nasdaq futures pointing lower by .3% despite the decent numbers that came through from amazon with a focus on aws, the cloud part of the business with the ai component. let's flip the board. the two-year yield back above 5%. the dollar strengthening again. and the wrecking ball of the u.s. dollar and in concern and pressure many global fx and currencies. two-year back above 5%. in the oil space you saw a drop in bre
the language from jay powell will be very consequential indeed. does he use the word less and it comes to the expectation around cuts? does he even put the view that a hike is possible on the table? all of those scenarios are being weighed up by the markets but a hawkish pivot seems to be what is expected. u.s. futures currently flat after the losses of 1.6% on the s&p yesterday, the worst drop since january. the dollar strengthening. again, concerned leading up to the meeting on the...
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Jan 25, 2024
01/24
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that's how i'm thinking about things relative to jay powell. i do expect they're going to cut rates. i'm not really strongly of the opinion as most people are that it's all political. i think there's -- it lurks in the background, you know, the fact that it's a presidential election year, but i really think it's about a where the economy is which is in a stable place for now, but where the real interest rates are. so i think investors should buy two, three, five-year treasuries because you're locking in a rate which isn't, you know, towering, but it's above the inflation rate which continues to fall. and i think those rates on the shortest end, the old t-bill and chill strategy which i never really recommended because i think the fed's going to cut. so if you want to buy a 5.25 6-month bill, you'll be happy for 6 month, but there's a strong chance you might roll that over at a level below today's 3 and 5-year treasuries. that's what i kind of like in fixed income. i'm less fond -- in the prior segment i talked about these big rallies in junk bo
that's how i'm thinking about things relative to jay powell. i do expect they're going to cut rates. i'm not really strongly of the opinion as most people are that it's all political. i think there's -- it lurks in the background, you know, the fact that it's a presidential election year, but i really think it's about a where the economy is which is in a stable place for now, but where the real interest rates are. so i think investors should buy two, three, five-year treasuries because you're...
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May 2, 2024
05/24
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did jay powell get it right in the delivery? steven: i think he got it right in the delivery of the message. what amazes me is the bond market's reaction to the message. the message is essentially you thought were going to be considering tightening monetary policy and we are not willing to do that. can you thought we were going to do it because it is an inflation issue and we are not going to do that. so i am a little surprised the long end of the curve has not moved up higher in yield. he keeps telegraphing the message of the committee which is basically they don't want to raise rates anymore. they really, really, really still want to cut rates. the reality is the economy is not letting them do that is the net result is it is higher. annabelle: what was your reaction to powell's messaging? mixo: i think it was very important that powell clarified they are not considering rate hikes. this was one of the big concerns for the market going into the fomc. if you think back a few months it was the november december pivot when the fed
did jay powell get it right in the delivery? steven: i think he got it right in the delivery of the message. what amazes me is the bond market's reaction to the message. the message is essentially you thought were going to be considering tightening monetary policy and we are not willing to do that. can you thought we were going to do it because it is an inflation issue and we are not going to do that. so i am a little surprised the long end of the curve has not moved up higher in yield. he...
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maria: you just heard jay powell comparing the u.s. to global central banks and a global situations, he said we have time because we have growth. well, they have growth. we have growth. it slowed down considerably from last year, 4.9% to 1.6%. did he misspeak there? does he mean we have spending? >> europe is accelerating and we're kind of slowing down. maybe it's too much growth for his taste but on the europe side, they're doing a better job allowing businesses to produce and very importantly their governments are not -- their fiscal deficits are not in the same league as ours. the u.s. is projecting fiscal deficits that will stay 6% of gdp out into the future. so i think the market is beginning to pick that up and say hey, i want to be in the euro, not the u.s. dollar under these circumstances. maria: janet yellen has become real plus call. i want to get -- political. i want to get your take on what she's doing. she's giving a speech in arizona, going to talk about trump being a detriment to democracy, it's an amazing speech you co
maria: you just heard jay powell comparing the u.s. to global central banks and a global situations, he said we have time because we have growth. well, they have growth. we have growth. it slowed down considerably from last year, 4.9% to 1.6%. did he misspeak there? does he mean we have spending? >> europe is accelerating and we're kind of slowing down. maybe it's too much growth for his taste but on the europe side, they're doing a better job allowing businesses to produce and very...
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Mar 26, 2024
03/24
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what advice would you give jay powell? kenneth: i don't have a direct line to jay powell and i don't want to fix that. [laughter] but i do have a couple folks we get a chance to speak with and provide input. the fed come out of chicago, listens to us. i also had a chance to be on a panelt of the minneapolis fed and my advice was the same, we need stability at this point in time. we have not seen that of the cost running through the system, meaning, understanding, what does that mean to a small business when i have to pay a higher interest rate cost? my advice would be calm and steady i think will win the race here. i think the point has been made that rates will not move. but, now is the time to allow individuals to figure out how do we build that level of resilience across your balance sheets? so, if we run into more turbulence at some point in time you are of dealing with that. peter: any one else have advice or input for the fed? what's am in no position to give jay powell advice but i agree about calm and steady. we ar
what advice would you give jay powell? kenneth: i don't have a direct line to jay powell and i don't want to fix that. [laughter] but i do have a couple folks we get a chance to speak with and provide input. the fed come out of chicago, listens to us. i also had a chance to be on a panelt of the minneapolis fed and my advice was the same, we need stability at this point in time. we have not seen that of the cost running through the system, meaning, understanding, what does that mean to a small...
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jay powell made a lot of waves on several fronts including america's role in the world. the fed chair noted that america's engagement with the rest of the world has been a key factor in our economic success. he says since world war ii the united states has been the indispensable nation supporting a defending democracy, security arrangements and economic arrangements. there is absolutely no doubt that this is been true. the world was emerging from rubble in world war ii, the timing for the comments are interesting, considering earlier that day former president trump told maria bartiromo that when he would like to potentially lift tariffs on chinese goods 60%. jay powell is old-school republican they hate tariffs and ironically tariffs were a mainstay of the republican party in the tariffs actually help to spark their worrying 20s and opponent of tariffs say the president trump was going to scare china and of course joe biden left most of them in place and china has not done much really feel good china stock market it's completely unhinged it's collapsing and falling apart
jay powell made a lot of waves on several fronts including america's role in the world. the fed chair noted that america's engagement with the rest of the world has been a key factor in our economic success. he says since world war ii the united states has been the indispensable nation supporting a defending democracy, security arrangements and economic arrangements. there is absolutely no doubt that this is been true. the world was emerging from rubble in world war ii, the timing for the...
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Mar 7, 2024
03/24
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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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Apr 29, 2024
04/24
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how does jay powell process these two reports? obviously, the markets and the economy are two different things. >> i think jay powell made a good comment about talking about numbers. u.s. is a large economy. it doesn't mean it is a hot economy, it is just a large economy. the estimates are startlistartl. two years ago, they said was 941,000. now 3.3 million. that is clearly having an impact on the demand. you see supply is catching up, but when you have increased demand, supply has to catch up i still think that we are going to have a cut this year. >> you are saying it is not reliable >> it does give you reliable you saw the number insurance is going up. one goes up and the other goes down you have to look at the composed number if you are sitting down and thinking is inflation at 3.5 no do we go to the shop every day there is a measure and there is a measure. i think jay powell has to sit back and take notice he looked through the price increases on the good side and increased rates much higher. he will look again and do it late
how does jay powell process these two reports? obviously, the markets and the economy are two different things. >> i think jay powell made a good comment about talking about numbers. u.s. is a large economy. it doesn't mean it is a hot economy, it is just a large economy. the estimates are startlistartl. two years ago, they said was 941,000. now 3.3 million. that is clearly having an impact on the demand. you see supply is catching up, but when you have increased demand, supply has to...
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Mar 20, 2024
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we're watching for signal from jay powell and company. >>> still in the early stages, what nvidia is telling jim cramer on the back of the compy's new chips. >>> and the faa setting off a recent wave of safety issues. what the airplane giant has to do. >>> and a stock split. >>> it's wednesday, march 20th, 2024. you're watching "worldwide exchange" right here on cnbc. ♪ >>> good morning and welcome to "worldwide exchange." thank you so much for being here with us. let's get you ready for the trading day ahead. we're going to get a check of the markets with the u.s. futures getting set for another day of the markets. take a look at the futures. in the red across the board. looks like the dow would open 15 points higher. slightly under pressure. it ended extremely vol a title yesterday. the dow seeing its best day in nearly a month. let's get a check of the bonds and the big fed rate decision later today. taking a look right now, we're seeing the benchmark coming in at 4.27. we're going to talk much more about expectations coming up. we also look at the oil market continuing its boun
we're watching for signal from jay powell and company. >>> still in the early stages, what nvidia is telling jim cramer on the back of the compy's new chips. >>> and the faa setting off a recent wave of safety issues. what the airplane giant has to do. >>> and a stock split. >>> it's wednesday, march 20th, 2024. you're watching "worldwide exchange" right here on cnbc. ♪ >>> good morning and welcome to "worldwide exchange." thank...
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Mar 12, 2024
03/24
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what the next meeting what will we hear from jay powell? it's all about timing. tom: bloomberg's jill, thank you, indeed. we talk about fiscal stimulus we have to think about the budget plans. a budget proposal would deliver more services, tax breaks and price controls funded through taxes on the wealthy. what is standing out to you? >> how you get the ballooning deficit under control, the biden administration is $1.6 trillion per year, addressing the deficit. 1.6 trillion over the decade. bidens approaches to tax corporations. corporations, anyone getting a lot of revenue including european corporations that get revenue from the united states. trying to stem the hemorrhaging. and a lot of pushback from the gop. the only big major change was an increase in defense spending, a smaller increase than some around the world. the kind of support he wants to give the lower middle class will not be helpful. at the end of the day you will remember the big selloff, a lot was centered around the fiscal deficit. if you can't get that under control the world suffers. tom: i t
what the next meeting what will we hear from jay powell? it's all about timing. tom: bloomberg's jill, thank you, indeed. we talk about fiscal stimulus we have to think about the budget plans. a budget proposal would deliver more services, tax breaks and price controls funded through taxes on the wealthy. what is standing out to you? >> how you get the ballooning deficit under control, the biden administration is $1.6 trillion per year, addressing the deficit. 1.6 trillion over the...
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Apr 16, 2024
04/24
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it was the story of jay powell. we have spoken about the last mile of disinflation, whether it will take longer for the final stretch to get price pressures down to the target for the fed. not enough progress has been made. that is reflected through bond yields. we see them at year to date highs across the curve. the focus is on powell, speaking at a panel discussion alongside the bank of canada governor in washington. here is what he is saying about how much more patience is needed. >> we have said we will need greater confidence inflation is moving sustainably toward 2% before it would be appropriate to ease policy. we took that cautious approach and sought greater confidence to not overreact to the low inflation in the second half of last year. annabelle: for more, let's bring in sylvia jablonski, ceo / cio / co-founder, defiance etfs. sylvia: perhaps a little change of tune in the messaging from powell, but does it come as any surprise to you? i don't think his message is super different. the numbers came in une
it was the story of jay powell. we have spoken about the last mile of disinflation, whether it will take longer for the final stretch to get price pressures down to the target for the fed. not enough progress has been made. that is reflected through bond yields. we see them at year to date highs across the curve. the focus is on powell, speaking at a panel discussion alongside the bank of canada governor in washington. here is what he is saying about how much more patience is needed. >>...
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Apr 3, 2024
04/24
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at 5:10 p.m., we will hear from fed chair jay powell. coming up, president biden says israel is not doing enough to protect civilians in gaza after seven aid workers were killed in israeli airstrikes. more on that, next. this is bloomberg. ♪ lizzy: welcome back to "bloomberg daybreak: europe." we will get the latest on the geopolitical situation in the middle east. the human toll is the focus, the death of aid workers in gaza. has to be said the geopolitical risk is feeding into the oil price. we have seen immense action in the oil space. wti crude hitting $85 a barrel for the first time since october. currently trading at $85.18. brent at $89 a barrel as well. questions are flying as to whether this is because of geopolitical risk and china optimism, or whether it might be about falling inventories. i got a note yesterday from sab's commodities team pointing out not a single drop of oil has been lost to recent events in the middle east, except for some rerouting around africa. what you have is a tight market and a steadfast opec-plus.
at 5:10 p.m., we will hear from fed chair jay powell. coming up, president biden says israel is not doing enough to protect civilians in gaza after seven aid workers were killed in israeli airstrikes. more on that, next. this is bloomberg. ♪ lizzy: welcome back to "bloomberg daybreak: europe." we will get the latest on the geopolitical situation in the middle east. the human toll is the focus, the death of aid workers in gaza. has to be said the geopolitical risk is feeding into the...
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Jan 31, 2024
01/24
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jay powell has been obsessing over this. are the wage gains concerning to you from an investor perspective? they are elevated but it seems given how far the inflation rate has come down, it seems we can live with that. >> the wage gains are growing at a slowing pace. i don't really find it too much of a risk at this point. i think the tail risk right now will be some supply chain shortages as a result of the red sea issues, the hot wars going on, that's what could cause inflation to temporarily spike. the directions lower inflation. romaine: when you consider how far we've come from 9% when you look at the core numbers and how far they have come closer to the feds target but we are not there yet, do we give the fred credit for that test the fed credit for that? >> we give the fed credit for not tightening and ending qe sooner. in q1, inflation cpi average in the 8's in the fed didn't do anything until march. at this point, we applaud the fed for the 18 month tightening campaign, moving the rates back up to 5%. the biggest mi
jay powell has been obsessing over this. are the wage gains concerning to you from an investor perspective? they are elevated but it seems given how far the inflation rate has come down, it seems we can live with that. >> the wage gains are growing at a slowing pace. i don't really find it too much of a risk at this point. i think the tail risk right now will be some supply chain shortages as a result of the red sea issues, the hot wars going on, that's what could cause inflation to...