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on this note, we do have the headlines now from the richmond fed president barkin. >> barkin saying it's smart for the fed to take our time before beginning the process, remember that word, the process, of toggling rates down. he thinks they ought to cut rates but not necessarily right a away. he's optimistic keeping rates can bring them back to the target. he's looking for inflation to decline and he wants it to be sustained and he wants it to broaden to more goods. we've heard that from a bunch of fed folks, the idea of broadening the decline. higher rates, he believes, is yet to come especially showing up in balance sheets of corporations and higher interest payments. the economy is less vulnerable to a slowdown. companies spent time preparing for one that didn't happen. a couple other points, he says the risk of continued shelter and service inflation is something he's watching carefully because goods prices, which have been negative, have started to normalize. he believes the fed has the firepower to respond to a slowing economy and knows how to react because josh and i like the sam
on this note, we do have the headlines now from the richmond fed president barkin. >> barkin saying it's smart for the fed to take our time before beginning the process, remember that word, the process, of toggling rates down. he thinks they ought to cut rates but not necessarily right a away. he's optimistic keeping rates can bring them back to the target. he's looking for inflation to decline and he wants it to be sustained and he wants it to broaden to more goods. we've heard that from...
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Apr 10, 2024
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we're watching 12:45, too, because we're going to hear from goolsbee and barkin. we may hear from liesman, too, on what they have tosay about the cpi in their own map for interest rate cuts. don't miss first-ever changemakers event, women in leadership transforming the business world. scan the qr code or visit cnbcevents.com/changemakers. at pgim, finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite, backed by over 145 years of risk experience, helps investors meet their goals. pgim investments. shaping tomorrow today. (jennifer) the reason why golo customers have such long term success is because we focus ons. real foods in the right balance so you get the results you want. when i tell people how easy it was for me to lose weight on golo, they don't believe me. they don't believe i can eat real food and lose this much weight. the release supplement makes losing weight easy. release sets you up for successful weight loss because it supports your blood sugar levels between meals so you aren't hungry or fatigued. after
we're watching 12:45, too, because we're going to hear from goolsbee and barkin. we may hear from liesman, too, on what they have tosay about the cpi in their own map for interest rate cuts. don't miss first-ever changemakers event, women in leadership transforming the business world. scan the qr code or visit cnbcevents.com/changemakers. at pgim, finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite, backed by over 145 years of risk experience,...
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liz: barkin said today, sorry to interrupt, tom barkin, he sails he has no interest in backing off thehat and we are not there yet, sam. >> sure. well as they were saying when they were raising interest rates they doesn't want to make the same mistakes made in the early 1970s or later 1970s, where they started, stopped, started, stopped again in terms of rate hikes. they want to be fairly consistent. they want to make sure their dual mandate is met. i think they will be happy to wait if they feel that would not lead to recession but would indeed bring inflation down. liz: all right, sam, good to have you on a very busy breaking news day. sam's picks, patter sown, target resources and synovis energy. we appreciate you coming on. folks, it is the swings that have been quite dramatic for the dow having been up more than 294 points. now down 525. the big swing, 860 plus points peak to tough and here we go. [closing bell ridges] there are the bells. looks like the s&p down one 1/4% or 63 points. nasdaq down 228. we get the jobs report tomorrow. see you then. ♪. jackie: hello,
liz: barkin said today, sorry to interrupt, tom barkin, he sails he has no interest in backing off thehat and we are not there yet, sam. >> sure. well as they were saying when they were raising interest rates they doesn't want to make the same mistakes made in the early 1970s or later 1970s, where they started, stopped, started, stopped again in terms of rate hikes. they want to be fairly consistent. they want to make sure their dual mandate is met. i think they will be happy to wait if...
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Apr 5, 2024
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barkin, kashkari, powell and others every single time we get a bit of data.that providing cohesion for the markets? it is hard to argue it is. we spoke to the chief economist who said the recent comments have not changed his base case view of the fed rate path. >> optimistic and i'm optimistic to combine that strong growth with the inflation coming down. we think we will be at 2.4% by the end of the year for core pce inflation and back to 2% next y year. in that environment, i would expect some rate cuts based on what chair powell and other fed officials have said. that's more uncertain. the timing of that will depend on near-term data on the reaction from the fed. i'm not all on the forecast if we get cuts. we get three with the dot plot. none would be surprising. >> the fed is in the enviable position of strong growth last year and a couple percent hand handled now. we are in expansion territory. it is on the flat line. robert's conversation has gone from uber holder, but it is best to go with the central banks to provide cover. the europeans need to go mor
barkin, kashkari, powell and others every single time we get a bit of data.that providing cohesion for the markets? it is hard to argue it is. we spoke to the chief economist who said the recent comments have not changed his base case view of the fed rate path. >> optimistic and i'm optimistic to combine that strong growth with the inflation coming down. we think we will be at 2.4% by the end of the year for core pce inflation and back to 2% next y year. in that environment, i would...
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Apr 5, 2024
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we hear from susan collins and tom barkin and michelle bowman today. >>> we are checking our futuresow implied higher by 63 points and s&p by 15. for more, let's bring in jason katz at ubs. jason, this is very much a day about the jobs number. do you feel the economic narrative in america can change significantly with what happens today at 8:30 a.m.? >> the porridge his to be just right, dom. if we have an extreme number on either ide, you will have a binary reaction. that is not our expectation whatsoever. i think good news will be construed as it should be as good news. >> if good news is good news and bad news is bad news, what do we make of the recent market action? does it give you some pause? the volatility? >> the higher for longer regime is because the economy is on solid footing. sometimes we overcomplicate things. in the last few days, the market has been able to withstand higher rates. to me, it is counterintuitive to be spooked by economic resiliency. this sticky inflation is a result of a strong economy. what does this portend? a q1 earnings period that beats expectation
we hear from susan collins and tom barkin and michelle bowman today. >>> we are checking our futuresow implied higher by 63 points and s&p by 15. for more, let's bring in jason katz at ubs. jason, this is very much a day about the jobs number. do you feel the economic narrative in america can change significantly with what happens today at 8:30 a.m.? >> the porridge his to be just right, dom. if we have an extreme number on either ide, you will have a binary reaction. that is...
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Apr 29, 2024
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i even have a ladle with no prospects, everything that happened, barkin, this, this market, that candyw could that be, and well, he has anya, such a wonderful wife. he ran, don’t even think about saying anything to pashka, he’ll tear off markin’s head, let him tear it off, of course, pushkin fought a duel for the honor of his wife, markin won’t fight, he’ll kick you out of the army to hell, you back where home is, no one will take you, dry your tears, pashka, dry your tears, dina, and i’m all over you... you don’t need anywhere, no at all? well, yes, good one, i’m actually going to the canteen, well, i mean , i have business there, i don’t mean that i have this, well, it won’t be long, yes, i understand, come in! hello, i interrupted you, but madros petrovna, what did you want? i wanted to apologize, for what? stateme number nine: observe the fire from the opposite bank. you came to apologize, for what? for the fact that i offended you unwittingly, well, when i said that you were lacking sensuality, like korchagin, i meant humanism, proletarian, uh-huh, humanism, so, i’m studying, we t
i even have a ladle with no prospects, everything that happened, barkin, this, this market, that candyw could that be, and well, he has anya, such a wonderful wife. he ran, don’t even think about saying anything to pashka, he’ll tear off markin’s head, let him tear it off, of course, pushkin fought a duel for the honor of his wife, markin won’t fight, he’ll kick you out of the army to hell, you back where home is, no one will take you, dry your tears, pashka, dry your tears, dina, and...
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Apr 16, 2024
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powell at 1:15, williams 12:30, barkin at 1:00. s&p holding on to 50.50. stay with us. i have a business idea. and it just might change the world. but here's the thing, i can't do it... alone. so, are you in? i'm in. nothing else to do. yeah, i don't know... um, i need to speak to my agent. (snoring) i think creed's out. ♪ in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's challenges while creating future opportunities. it takes balance. cla - cpas, consultants, and wealth advisors. we'll get you there. hi, my name is joann, and i lost 75 pounds on golo. cla - cpas, consultants, and wealth advisors. the other times i've lost weight, i was tired, run down. with golo, you feel great as you lose weight. i have enough energy to exercise every day. (energetic music fades) new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match y
powell at 1:15, williams 12:30, barkin at 1:00. s&p holding on to 50.50. stay with us. i have a business idea. and it just might change the world. but here's the thing, i can't do it... alone. so, are you in? i'm in. nothing else to do. yeah, i don't know... um, i need to speak to my agent. (snoring) i think creed's out. ♪ in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's challenges...
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Apr 16, 2024
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in the next two hours we will hear from three fed officials, powell, barkin and williams. in the last few moments, a nice side preannouncement from adidas looking for revenue up 5 to 9 verse us a prior 5. to the judge and "the half." >>> carl, thanks so much. welcome to "the halftime report." i'm scott wapner. front and center this hour, the higher for longer play book has elevated, rates continue to weigh on stocks. the investment committee sizing up the best place to make right now and which to avoid. joining me for the hour josh brown, stephanie link and jim lebenthal. taking you to the markets, holding on to gains at least as the dow is concerned. the s&p remains in the red as does the nasdaq. you have had some buying but not able to get anything sustainable. jon jonathan krinsky, saying the risk is to the down side. technicians like jonathan krinsky have not been right recently but maybe are feeling emboldened by the recent price action. >> down 4% from the highs. in the last 16 months you're up 32% in the s&p 500. that is huge. i have to take a step back. we talk abo
in the next two hours we will hear from three fed officials, powell, barkin and williams. in the last few moments, a nice side preannouncement from adidas looking for revenue up 5 to 9 verse us a prior 5. to the judge and "the half." >>> carl, thanks so much. welcome to "the halftime report." i'm scott wapner. front and center this hour, the higher for longer play book has elevated, rates continue to weigh on stocks. the investment committee sizing up the best place...
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Apr 4, 2024
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fedspeak, including fed chair powell yesterday, if your head is spinning, we have still got mester, barkinand goolsby still to come today. we will tell you our analysis and whether the fed is still hawkish and how dovish it is getting. stay with us. this is bloomberg. ♪ >> recent readings have come in higher-than-expected. the economy added an average of 265,000 jobs per month in the three years through february, a faster pace than we have seen since last june. these recent data do not however materially change the overall picture. which continues to be one of solid growth, a strong but rebalancing labor market, and inflation moving down toward 2% on a sometimes bumpy path. if the economy evolves broadly as we expect, most fomc participants see it as likely to be appropriate to begin lowering the policy rate at some point this year. of course, that outlook is still quite uncertain, and we face risks on both sides. reducing rates too soon or too much could result in a reversal of the progress we have seen on inflation and ultimately require even tighter policy to get inflation back to 2%. l
fedspeak, including fed chair powell yesterday, if your head is spinning, we have still got mester, barkinand goolsby still to come today. we will tell you our analysis and whether the fed is still hawkish and how dovish it is getting. stay with us. this is bloomberg. ♪ >> recent readings have come in higher-than-expected. the economy added an average of 265,000 jobs per month in the three years through february, a faster pace than we have seen since last june. these recent data do not...
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Apr 5, 2024
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collins already on the tape, barkin, logan and bowman. >> they're paid by the word.hese people must be paid by the word. >> before we get to the end of the day. ten-year off the morning highs. we'll be right back. ♪ ♪ engineered to minimize noise. and built for adventure. which can also be your own quiet cabin in the woods. the fully electric q8 e-tron. an electric vehicle that recharges you. how we get there matters. >>> joining us outside the white house today is national economic council director lael brainard. director brainard, great to have you back. good morning. >> good morning. >> we've covered the headline number quite a bit, but i have to imagine you're happy, not just with the annual age growth, near a three-year low, but participation highest since november. >> yeah, i think this is a really very encouraging report. it suggests that the u.s. economy can continue expanding with the labor market in a really balanced way. we've now surpassed the 15 million new job milestone since president biden has taken office, and we're doing it with unemployment down be
collins already on the tape, barkin, logan and bowman. >> they're paid by the word.hese people must be paid by the word. >> before we get to the end of the day. ten-year off the morning highs. we'll be right back. ♪ ♪ engineered to minimize noise. and built for adventure. which can also be your own quiet cabin in the woods. the fully electric q8 e-tron. an electric vehicle that recharges you. how we get there matters. >>> joining us outside the white house today is...
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Apr 4, 2024
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i should point out that thomas barkin is speaking saying that expect the high rates to eventually slownomy further in the fed has time to claim -- to gain clarity on inflation before lowering rates. how two finance veterans took over hurts and went on evs and how it went wrong. ♪ how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. ♪ ♪ relax into a caribbean state of mind. visit sandals.com or call 1-800 sandals. alix: this is bird markets and let us turn to the big take. a pair of finance veterans wrought despot h -- bought hertz and went all in on electric. and it went bad. how long have you been working on this article? eric: three years ago and the two guys concocted this plan. and i have to be honest with you at the time as well as to them and be had seemed like a good idea. take a century old business and ring it into the training -- 20th century by taking the gas powered cars and the gas guzzlers and replacing
i should point out that thomas barkin is speaking saying that expect the high rates to eventually slownomy further in the fed has time to claim -- to gain clarity on inflation before lowering rates. how two finance veterans took over hurts and went on evs and how it went wrong. ♪ how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know....
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Apr 1, 2024
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barkin again on friday and a whole lot more. it is payrolls friday.he s&p 500 on the first trading day of april, equities look like this. closing out at all-time highs. plenty to talk about this hour. we will catch up. scrambling to absorb cargo. axios reporting the u.s. and israel will hold a virtual meeting today. and liking long and bonds. kicking off the second quarter. jp low ski thanks the rally can extend, writing, we are optimistic not only about 24, but the other years as well. the difference is that this time, it is global. jay joins us right now. does the economic data back some of that up this morning? >> i think it does. it is not only the data. we vote a piece called listen to stocks. we want to pay attention to what the market are telling us. it is not just stocks but credit. and commodities right now are big. it is not just energy. it is not just gold or copper. it is all of it. that is telling us that there is an opportunity and the global economy, as we have been saying since the fall is early cycle. jonathan: how would you frame it?
barkin again on friday and a whole lot more. it is payrolls friday.he s&p 500 on the first trading day of april, equities look like this. closing out at all-time highs. plenty to talk about this hour. we will catch up. scrambling to absorb cargo. axios reporting the u.s. and israel will hold a virtual meeting today. and liking long and bonds. kicking off the second quarter. jp low ski thanks the rally can extend, writing, we are optimistic not only about 24, but the other years as well. the...
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Apr 4, 2024
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there are four more fed speakers speaking on the outlook this afternoon and this morning including barkin and mester. several themes have emerged in the fed speak this week. 17 of 19 have forecasted at least one cut this year with the meeting of three. these cuts are forecast, not promised, with most saying something like it's likely appropriate to ease some time this year. notice no time there. cuts are data dependent with several couching their forecast with the phrase "if if the economy evolves as expected" for most is confidence in declining inflation, but there is no particular rush we keep hearing with several saying policy is well positioned for whatever comes next. we have time, some have said. officials have started to speak about the speed of the decline in inflation as the key to when and how much they reduce rates faster or sooner. cuts could be linked to a quicker and deeper decline in inflation or unexpected weakening of the economy. note that fed does not seem at this time to be concerned about a stronger economy. that could change. all of this linked to the jobs report tom
there are four more fed speakers speaking on the outlook this afternoon and this morning including barkin and mester. several themes have emerged in the fed speak this week. 17 of 19 have forecasted at least one cut this year with the meeting of three. these cuts are forecast, not promised, with most saying something like it's likely appropriate to ease some time this year. notice no time there. cuts are data dependent with several couching their forecast with the phrase "if if the economy...
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Apr 4, 2024
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point yesterday, we got lots of fed speak today, i wanted to get to that here, we have harker, we have barkinhkari, and loretta mester, all speaking on the economic outlook. we don't know where the fed stands after today, i assume it is because we're not paying attention or they were not clear. powell making the point yesterday of saying that the fed doesn't take politics or personal decisions into account when setting policy. after fed governor adriana cougler spoke yesterday, thinking about the biden appointees and the trump appointees to the fed, i find it hard to find much difference in the outlooks of one side, joe, being more dovish than the other. >> i thought it's strange, strange, steve. i guess we got to listen to jay powell, though we were at 6 for a while. i don't know if most people were. three to a lot of people now sounds probably unlikely. but they're sticking to it. that was kind of interesting. they don't want -- they don't care if the market goes higher, do they? they're not trying to disappoint investors. that's not why they're doing this. >> no. >> why are they doing it?
point yesterday, we got lots of fed speak today, i wanted to get to that here, we have harker, we have barkinhkari, and loretta mester, all speaking on the economic outlook. we don't know where the fed stands after today, i assume it is because we're not paying attention or they were not clear. powell making the point yesterday of saying that the fed doesn't take politics or personal decisions into account when setting policy. after fed governor adriana cougler spoke yesterday, thinking about...