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Feb 16, 2024
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it comes as rafael bostic did caution on rate cuts. life strategist joins us now for the analysis. to me he sounds incredibly hawkish. is he an outlier or is this the consensus? [standby] if it's even possible in the way the economy is shaping up from what we got from the sales data is that they may even get to pay cuts. no pricing yet. tom: really interesting, as you point out, a reminder that the dot plot's report -- is reporting three dot plots. a warning from rafael bostic, there may be too, because that's what he penciled in. you are seeing a little bit of movement across the yields, across the treasury curves. 435 for the u.s. ten-year up three basis points. a three basis point move on the two-year at 460. a little bit of selling coming through across u.s. treasuries. we have a few audio issues, but we always appreciate it. he thinks the resale -- retail sales dropped. it's a bit of a one off. what's happening in cryptocurrencies. this ties into the great. the expectations that rates will come has been one of the factors that sup
it comes as rafael bostic did caution on rate cuts. life strategist joins us now for the analysis. to me he sounds incredibly hawkish. is he an outlier or is this the consensus? [standby] if it's even possible in the way the economy is shaping up from what we got from the sales data is that they may even get to pay cuts. no pricing yet. tom: really interesting, as you point out, a reminder that the dot plot's report -- is reporting three dot plots. a warning from rafael bostic, there may be...
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Feb 16, 2024
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there's flexibility on the part of the federal reserve from what i heard from fed governor bostic that, in fact, the fed realizes that, and then i think at some point not only do we get rate cuts but a paring back. >> just in case our viewers did not see that interview, we actually do have a sound bite here from fed president bostic, if we can pull that up. >> i think we've seen a lot of progress in terms of inflation. i am expecting that through the course of 2024, it'll be a little bumpy. i think the trend will continue, but the path all the way to 2% i don't think we're going to get to that number immediately. these sorts of numbers are kind of okay and i can live with it. to me it says we have to be patient and let's not get too far ahead in assuming the job is done because there's still work to do. >> very interesting interview. shannon, it seems like you're onboard. >> the challenge here is you're right. there's a lot in the data from the cpi report that can be attributed to seasonality. the other thing is that going in november and december the gains based on the fact investors
there's flexibility on the part of the federal reserve from what i heard from fed governor bostic that, in fact, the fed realizes that, and then i think at some point not only do we get rate cuts but a paring back. >> just in case our viewers did not see that interview, we actually do have a sound bite here from fed president bostic, if we can pull that up. >> i think we've seen a lot of progress in terms of inflation. i am expecting that through the course of 2024, it'll be a...
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Feb 16, 2024
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catch bostic at 11:00 a.m. eastern. >>> the s.e.c.uth social media company with the blank check acquisition vehicle. it values it at $10 billion. half of elon musk's x platform. >>> and yelp warns of a slowdown with the illness and holiday season hangover for the q4 sales. >>> and microsoft's xbox will expand playstation 5 and nintendo switch. >>> apple developing features for the code software similar to microsoft's git hub copilot. >>> nike is cutting 2% of the work force warning of weaker profits as consumers cut back on non-essential items. >>> and coinbase with a profit for the first time in two years. the transactions drove most of the beat with service revenues flat. the stock is up 12% in the early trade. >>> here is what to watch before the bell. we get a look at inflation with the ppi and housing starts as well as builder better mights data. on the earnings front, cinemark reports before the open and several fed speakers like tom barkin and mary daly. fuel for the markets today with the fresh inflation data and the fed speak
catch bostic at 11:00 a.m. eastern. >>> the s.e.c.uth social media company with the blank check acquisition vehicle. it values it at $10 billion. half of elon musk's x platform. >>> and yelp warns of a slowdown with the illness and holiday season hangover for the q4 sales. >>> and microsoft's xbox will expand playstation 5 and nintendo switch. >>> apple developing features for the code software similar to microsoft's git hub copilot. >>> nike is...
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Feb 16, 2024
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atlanta fed president bostic saying it is too early to declare victory over high inflation, but thathe u.s. outlook has become more balanced. the fed will get another piece of data to assess later today with the january ppi prices. let's bring in the first guest of the show who is the equity strategist. wolf, wonderful to have you on the show. because central bankers are data dependent, ever increasing piece of data is crucial for the market direction from here. is the ppi going to be closely watched given all of the data we've had from the u.s. this week and that upside surprise to cpi on tuesday? >> the market will definitely react to it if there was a big surprise either way. typically the ppi is not the most important number. it is not part of the fed mandate or the number members are focused on. the read across for pce is the most important inflation number for the fed which is fairly limited. obviously, if there was a massive downside surprise, there could be a reaction. i won't think this is the biggest driver. >> the thing i'm trying to get my head around is market expectatio
atlanta fed president bostic saying it is too early to declare victory over high inflation, but thathe u.s. outlook has become more balanced. the fed will get another piece of data to assess later today with the january ppi prices. let's bring in the first guest of the show who is the equity strategist. wolf, wonderful to have you on the show. because central bankers are data dependent, ever increasing piece of data is crucial for the market direction from here. is the ppi going to be closely...
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Feb 16, 2024
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that is what raphael bostic said yesterday.europeans maybe have less time to wait than the americans. in this cutting cycle, when you look at some of the stories we have got this morning, jupiter fund boosting the treasury bets. they have also run the analytics in the cutting cycles, and that is why i'm curious to get your view. the typical cutting cycle is somewhere between 3.50 3.75 basis points. everything we look at so far does not suggest that is the kind of scale of cutting cycle that we are going to get. because we are in a fundamentally different economy to the 1990's. with that trajectory are we going to make anything like the hundred 50 basis point cuts without some dramatic incident to take us there? -- we hundred 50 basis point cuts without some dramatic incident to take us there? ian: they tend to be cunning in response to a shock or a major economic cyclical event which drives up the unemployment rate and post on inflation aggressively. in the absence of those things we have a different position than the fed norma
that is what raphael bostic said yesterday.europeans maybe have less time to wait than the americans. in this cutting cycle, when you look at some of the stories we have got this morning, jupiter fund boosting the treasury bets. they have also run the analytics in the cutting cycles, and that is why i'm curious to get your view. the typical cutting cycle is somewhere between 3.50 3.75 basis points. everything we look at so far does not suggest that is the kind of scale of cutting cycle that we...
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Feb 28, 2024
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mike: raphael bostic giving a fireside chat in roswell, georgia, where it is 72 degrees.ure if they have a fire going or not. saying the fed still has work to do on inflation and they are not declaring victory but he expects inflation to continue on its trajectory down. susan collins saying what is it that you are looking at when you decide when and where to cut. as housing and non-housing services prices, inflation expectations and moderation in markets that slows wage growth. she remains a realistic optimist in thinking the economy is on a path to 2% inflation while maintaining a healthy labor market. the economy is in a good place overall. sonali: you don't seals moving us much off the back of these comments but we have john williams coming up and is there anything he could say that will be important? we have some tea leaves on how fed officials think about inflation. frances: they are giving us something to watch. we have always asked jay powell and he says were working on the totality of the information but in this case there are specific she's talking about was will
mike: raphael bostic giving a fireside chat in roswell, georgia, where it is 72 degrees.ure if they have a fire going or not. saying the fed still has work to do on inflation and they are not declaring victory but he expects inflation to continue on its trajectory down. susan collins saying what is it that you are looking at when you decide when and where to cut. as housing and non-housing services prices, inflation expectations and moderation in markets that slows wage growth. she remains a...
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and of course, we saw that their members were there and it's really symbol bostic on their members, but incarcerated and gone, who says is in june on service charges. and therefore there was a very strong perception that there has been a fee for rigging. but it's very difficult to say now as we see the results. um, i'm not in a position right now to blame anyone because that is, that's so far. ok. favoring b d i back independent candidates. but it's, these are spend the money just as i was only $107.00. we can see that only here we can see that only 107 results. hoffman announced, which means that there are still many seats. and so far what the fee is $41.00 seats. and these numbers will of course, keep changing. but uh, so far 50 i backed independent candidates are leading out. i think it's 2 already to see if the election process has been good or not. a reporter and venus, java, and right from the center and the action in his lama about thank you so much for that update. or the united states has long been israel's most powerful ally and military background. but officials in washington
and of course, we saw that their members were there and it's really symbol bostic on their members, but incarcerated and gone, who says is in june on service charges. and therefore there was a very strong perception that there has been a fee for rigging. but it's very difficult to say now as we see the results. um, i'm not in a position right now to blame anyone because that is, that's so far. ok. favoring b d i back independent candidates. but it's, these are spend the money just as i was only...
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Feb 16, 2024
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you can see raphael bostic saying victory is not in hand. let's bring in our next guest, asian equities portfolio manager at mng investments. i want to talk about japan if we can them a closing in on the high we haven't seen since 1989 p it to feel like maybe the nikkei still has opportunities? vikas: thank you for having me back. japan we've been constructive on for years and even last year we had this conversation, we thought we were still in the early innings of the equity appreciation cycle in japan. i think we are still pretty early, it's not yet overbought and i think there are good reasons for the market to be where it is. we see some sectors even expensive. hardware, it looks quite stretched bid but overall, small caps and large caps across sectors and japan we find plenty of opportunities for long-term investors. paul: japan in a technical recession. has that muddied the waters for you at all vis-a-vis the bank of japan's next move normalizing rates. have you changed your strategy in the past 24 hours? vikas: not really. we've not c
you can see raphael bostic saying victory is not in hand. let's bring in our next guest, asian equities portfolio manager at mng investments. i want to talk about japan if we can them a closing in on the high we haven't seen since 1989 p it to feel like maybe the nikkei still has opportunities? vikas: thank you for having me back. japan we've been constructive on for years and even last year we had this conversation, we thought we were still in the early innings of the equity appreciation cycle...
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Feb 16, 2024
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i will say, i'm excited to talk to raphael bostic, the head of the atlanta fed. member, and he's going to be joining us on money movers today. it's the first time we'll get reaction to this twofer, the cpi and the ppi. we have two data points. he made some headlines already last night talking about the fact that victory has not been won yet on inflation, and he is perfectly happy to just wait and in no rush to raise rates. >> i'm just enjoying the fact that the market is backing me up by saying, it doesn't need rate cuts soon or many of them in order to justify where we started the year and where we've gotten to right now. look, the next move has to be down. i know there's some people at citi saying, hey, listen, brace for the possibility that we don't actually go lower in rates, but in general, nothing has totally upended the idea that the economy is more ro resilient than we thought it was going to be. the economic surprise index has been really strong, and on the other hand, inflation is down a lot, and in this 3% zone that investors can handle. >> certainly,
i will say, i'm excited to talk to raphael bostic, the head of the atlanta fed. member, and he's going to be joining us on money movers today. it's the first time we'll get reaction to this twofer, the cpi and the ppi. we have two data points. he made some headlines already last night talking about the fact that victory has not been won yet on inflation, and he is perfectly happy to just wait and in no rush to raise rates. >> i'm just enjoying the fact that the market is backing me up by...
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Feb 16, 2024
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when you speak of the fed, atlanta fed president raphael bostic said there is no rush to cut rates. in a speech last night he said the evidence from data, surveys, and outreach said the victory is not clearly in hand and leaves me not yet comfortable inflation is inexorably declining towards a 2% objective. joining us to talk about this is stephen brown of guggenheim partners investment and don't know pop of community bank. when you looked at investment data steve did that concern you much? steven: we are not cut -- caught up in the month-to-month variation of the data. we had knowledge there is likely to be seasonality issues particularly starting the year. we like to zoom out as you did on the first chart and look at the direction of travel. the important thing is that inflation is more in line with where the fed wanted to be and the fed over the last three months since you showed the recent bond market rally introduced the idea they could do insurance cuts or cut before they are at target. to us it is more about the direction of travel. expect continued volatility. you have reall
when you speak of the fed, atlanta fed president raphael bostic said there is no rush to cut rates. in a speech last night he said the evidence from data, surveys, and outreach said the victory is not clearly in hand and leaves me not yet comfortable inflation is inexorably declining towards a 2% objective. joining us to talk about this is stephen brown of guggenheim partners investment and don't know pop of community bank. when you looked at investment data steve did that concern you much?...
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Feb 27, 2024
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we will discuss this with romain bostic, who spoke with the ceo earlier today.ecifically to romaine about the quality of stores he is looking to close. romaine: this was a big thing. he talked about the idea that 25% of the footprint of all of macy's stores combined accounts for 10% of sales, and they are clearly going to target some of those locations. it is interesting. you mentioned our cows, brigade, and there were a lot of rumors about other activists and investors kicking the tires on this. a new ceo just took over and he declined to even talk about that, basically said it is not on his preview right now, but he made clear some of these changes they are making, reducing the number of stores, refocusing on the luxury brands, that was going to be a big key to unlocking value for this company. sonali: it is interesting to see how the fight plays out at the end. it is not like the activists don't like him, but these are early days. what did he say about the consumer? you and i talked about how in one of the consumer data we are getting, the economic weaker dat
we will discuss this with romain bostic, who spoke with the ceo earlier today.ecifically to romaine about the quality of stores he is looking to close. romaine: this was a big thing. he talked about the idea that 25% of the footprint of all of macy's stores combined accounts for 10% of sales, and they are clearly going to target some of those locations. it is interesting. you mentioned our cows, brigade, and there were a lot of rumors about other activists and investors kicking the tires on...
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Feb 3, 2024
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reserve board including our own lisa cook, pedro -- president of the reserve bank of atlanta rafael bostic and its members, spelman board of trustee members, administrators, faculty, friends of the college, individuals from institutions throughout georgia, and the remarkable community of spelman, welcome. i am the chair of the department of economics at spelman. it is a privilege for my department to cohost this momentous occasion. today marks a historic event in spelman's 142 year history. the first visit by a federal reserve board chairman. [applause] yes. this is a tremendous honor for our institution. founded in 1881, spelman has been trading -- training women to take leadership roles in all sectors of society. our very founding was an investment in the potential of black women and girls to use their educations for the good of society. today we are very proud of the return on investment. thousands of graduates represented the institution across the country in all areas. given the ok's and, we are especially proud of the impacts spelman women are having in economic and financial sectors
reserve board including our own lisa cook, pedro -- president of the reserve bank of atlanta rafael bostic and its members, spelman board of trustee members, administrators, faculty, friends of the college, individuals from institutions throughout georgia, and the remarkable community of spelman, welcome. i am the chair of the department of economics at spelman. it is a privilege for my department to cohost this momentous occasion. today marks a historic event in spelman's 142 year history. the...
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so visual stuff bostic, they show what to do. things all check a or to just take it, taking a board or the single awake are in there for me else? nope. so you don't enrollment on this is showing them money. say pasco, the money on this. indeed, the problem a lot for me make us feel a lot. nope. was only opened the car. so some people getting on the bus, getting onto this old one year on the line. we'll follow along on the road s nicole and it shows about a new kind of your dish bundled legs on the bumper. i mean, as on demand of equity. so like i've only been, i think it's like, i can just wanting to alex, let me notate it. ok along with it on, on the interval, my lease in money. does that the same money? uh, do you guys charge it new visa should be last week? total i put in your $4.00 last 4. see it the same. mm hm. yeah. not a nice short move it best for the best one. hello is this shipment is a side effect goods and these are the pain that the, the 1st will simply to level. most phones on under like going to need is papers for
so visual stuff bostic, they show what to do. things all check a or to just take it, taking a board or the single awake are in there for me else? nope. so you don't enrollment on this is showing them money. say pasco, the money on this. indeed, the problem a lot for me make us feel a lot. nope. was only opened the car. so some people getting on the bus, getting onto this old one year on the line. we'll follow along on the road s nicole and it shows about a new kind of your dish bundled legs on...
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natural fibers which is biodegradable environmentally friendly and metro, which see the substitute of the bostic something that takes. however, there are a huge challenges even for india, the world's largest intuited use of more than 370000 people across india are directly employed in the industry. it provides a livelihood for some 4000000 from families. schooner chandra daily. a farmer from sam has been growing jude for nearly a decade. to planting and harvesting cute is a big deal and a huge responsibility up up when you move it up level to table. and it takes money every step of the way, which i wish i possibly will. it from the buying the find a jew to the time it gets how best to get started in a police or not by after it's harvested, the jude is soaked in water for 2 weeks. a process called wrecking. that's because the truth fibers must be extracted from the stem of the plant. it's labor intensive or for which farmers often need extra help. that is it. the problem is that we can get labor. so when we need them, they migrate and the weather doesn't take much of their time. we don't need it.
natural fibers which is biodegradable environmentally friendly and metro, which see the substitute of the bostic something that takes. however, there are a huge challenges even for india, the world's largest intuited use of more than 370000 people across india are directly employed in the industry. it provides a livelihood for some 4000000 from families. schooner chandra daily. a farmer from sam has been growing jude for nearly a decade. to planting and harvesting cute is a big deal and a huge...
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Feb 29, 2024
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tom: there is a new ceo, peter bostic, later this year. what changes can we expect? is not new to the company. i have worked with peter for many years. he has been driving our digital footprint in the years he was working before and that is what i expect. we look forward to welcoming him soon and seeing what he has. tom: before we let you go, the conflict in ukraine continues. to what extent is that a drag in economies in which you operate? >> we are sad about the situation in ukraine and geopolitical tensions. this is something we cannot ignore. we have seen the economy holding up well. there are ways to mitigate impacts. sanctions have impact on our economies. if you look at the growth rate, the impact has not been a source of tension. in other words, we hope geopolitical tensions will ease. tom: stefan door fleur, appreciate your time. the cfo of course of that business. plenty more, stay with us. this is bloomberg. ♪ ♪ tom: welcome back. it is a big day for inflation. looking ahead to the inflation gauge and we know the fed keeps a key ion, the pce indicator and
tom: there is a new ceo, peter bostic, later this year. what changes can we expect? is not new to the company. i have worked with peter for many years. he has been driving our digital footprint in the years he was working before and that is what i expect. we look forward to welcoming him soon and seeing what he has. tom: before we let you go, the conflict in ukraine continues. to what extent is that a drag in economies in which you operate? >> we are sad about the situation in ukraine and...
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Feb 1, 2024
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the dead bodies were kept inside block bostic bout with a deep without a palestinian authority. is our calling for an investigation in our statements, the ministry or for an offense and expect what you said. the monster formation of an international field investigation team into the mastic has committed by the use of the occupation and the conditions of the missing and detained from the goal is to strip. the discovery of this mass of gray reflect the magnitude of the tragedy. faced by palestinian civilians and serious violation of 4 international loves. the discovery comes of just a day off that is read returned. 100 kind of thing in buddies for burial is roughly just like and offering cars on the condition of these parties. ranges of from severely decomposed to me skills are, remains making, gets hot item to find them. people still come to the site, searching foreclosure in this place of the tragedy, the tar. so by soon i will just the rough, rough in southern gauze. you know, it is really strong stuff, targeted areas around hospitals in southern because of the nice and medical
the dead bodies were kept inside block bostic bout with a deep without a palestinian authority. is our calling for an investigation in our statements, the ministry or for an offense and expect what you said. the monster formation of an international field investigation team into the mastic has committed by the use of the occupation and the conditions of the missing and detained from the goal is to strip. the discovery of this mass of gray reflect the magnitude of the tragedy. faced by...
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Feb 15, 2024
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we get fed speak from chris cover waller and raphael bostic. >>> looking at futures in the green andgreen across the board. for more on the trading day ahead, let's bring in jenny harrington. jenny, good morning. >> good morning, frank. >> give us a sense. what did you make of what we saw yesterday? it was a slight rebound following the cpi selloff. how do you view the markets following the two different days? >> okay. how i view the markets my word of the day. sorry if i'm jumping ahead. skittish. if we look at what happened with the selloff, that was severe. the way the market closed that day wasn't the entire story. the russell dipped 4%. i think people, including myself, are sitting out there and waiting for something to drop. i look at the market right now like it is priced to perfection. it can't afford an iota of disappointment. >> wow. i think that explains why your equity income portfolio is at 10% cash. we did a story yesterday. jpmorgan chase stating people are at 4 %. you are at 10%. what are you waiting for with valuation? >> frankly, i could buy those today, but the val
we get fed speak from chris cover waller and raphael bostic. >>> looking at futures in the green andgreen across the board. for more on the trading day ahead, let's bring in jenny harrington. jenny, good morning. >> good morning, frank. >> give us a sense. what did you make of what we saw yesterday? it was a slight rebound following the cpi selloff. how do you view the markets following the two different days? >> okay. how i view the markets my word of the day. sorry...
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Feb 16, 2024
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but bostic added the fed needs more time to be sure inflation is headed back to the 2% target.me for the fed to start talking about cutting rates, but doesn't expect the rate cuts to come until the fall. something having an influence on that, after the cpi surprise this week, investors on edge over the release of the producer price index, comes at 8:30, the wholesale inflation report gives us some insight in the price changes that underlie the consumer inflation that the fed watches and also feeds into the fed's preferred consumer inflation indicator, the pce. headline, of course, cpi, seen rising .2% higher than last month. both are really low and modest, but there are some concerns. the red sea shipping disruptions, say that ten times fast, could begin to show up in the index either this month or next, with higher shipping costs. declining retail margins are a volatile section of this report, could go either way but might push it slower this time around and jpmorgan thinking about the end of global goods deflation that kept wholesale consumer inflation at bay because it offse
but bostic added the fed needs more time to be sure inflation is headed back to the 2% target.me for the fed to start talking about cutting rates, but doesn't expect the rate cuts to come until the fall. something having an influence on that, after the cpi surprise this week, investors on edge over the release of the producer price index, comes at 8:30, the wholesale inflation report gives us some insight in the price changes that underlie the consumer inflation that the fed watches and also...
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Feb 29, 2024
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collins new york john williams said first cut will likely happen later this year atlanta president bosticrate cut for to summertime. >> we are four minutes away from potentially market moving report economists expecting core month-over-month up 4/10 of a percent, joining me right now bear traps report funder "new york times" best-selling author larry mcdonald back with us thank you for being here what are you expecting from c pce tell me how institutions are playing this? >> well first um excited new book, when markets speak amazon when markets speak i appreciate that having me on big thing we have a conversation with institutions around the world, oil has been moving up, gas has been moving up, this year. so there is a really strange deverge ns between cpi and pce backward-looking, inflation expectations on five year inflationings expectations rising very fast pace so one year acceleration in this inflation expectation rising fastest probably seen in multiple years so, inflation is now priced in, because of oil and if we have a tight market from seasonality up here, bullish season for oi
collins new york john williams said first cut will likely happen later this year atlanta president bosticrate cut for to summertime. >> we are four minutes away from potentially market moving report economists expecting core month-over-month up 4/10 of a percent, joining me right now bear traps report funder "new york times" best-selling author larry mcdonald back with us thank you for being here what are you expecting from c pce tell me how institutions are playing this?...
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Feb 15, 2024
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breaking news across the bloomberg terminal, we're hearing from the atlanta fed president, raphael bostic some time to be sure that inflation is heading back to 2%. saying victory is not clearly in hand, we are not done with inflation, and there is a risk to the progress that's been seen so far. saying we need more evidence, inflation is expected to fall but may be more slowly than the market is anticipating. but saying there's no urgency to cut with the labor market strong and the economy looking strong as well. so the atlanta fed president making those remarks there that it may take some time but he is sure inflation is heading to 2%. we believe it there, bloomberg subscribers can continue watching at live . later this week, the market opens insult in tokyo -- in seoul and tokyo next. this is bloomberg. ♪ when i was your age, we never had anything like this. what? wifi? wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi with wall-to-wall coverage on a
breaking news across the bloomberg terminal, we're hearing from the atlanta fed president, raphael bostic some time to be sure that inflation is heading back to 2%. saying victory is not clearly in hand, we are not done with inflation, and there is a risk to the progress that's been seen so far. saying we need more evidence, inflation is expected to fall but may be more slowly than the market is anticipating. but saying there's no urgency to cut with the labor market strong and the economy...
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Feb 19, 2024
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raphael bostic sees two or three rate cuts this year. >> my outlook is to start returning product policye to a more neutral stance in the summertime. i'll say a year ago or six months ago, i was in the fourth quarter. we have seen tremendous progress. i'm hopeful that continues. if that continues, i'll be willing to pull it forward further. i want to see it continue. >> you think three rate cuts this year? >> that's what was in the dot plot. i was one of the two rate cut increases. i'm still at two. if i pull it forward and if the data comes in more positively, i could move to three for sure. >>> a quick check of the equity market action in europe. the u.s. is out for the presidents' day holiday. volumes throughout the trading session will be lower than usual. take a look with the ftse 100. it has a modest gain of 3 or 4 points. smi up 0.1%. seeing profit taking here for the cac 40 and the dax has been heading for intraday highs with the last couple trading days. the cac 40 is off 0.4%. overall, we are not far away from two-year highs for the stoxx 600. last week, we saw nice gains for t
raphael bostic sees two or three rate cuts this year. >> my outlook is to start returning product policye to a more neutral stance in the summertime. i'll say a year ago or six months ago, i was in the fourth quarter. we have seen tremendous progress. i'm hopeful that continues. if that continues, i'll be willing to pull it forward further. i want to see it continue. >> you think three rate cuts this year? >> that's what was in the dot plot. i was one of the two rate cut...
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Feb 6, 2024
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certainly you shouldn't count on it anytime soon if you believe chair powell, president mester, president bostic, president kashkari, and anyone else. march ain't happening, at least today. >> the other reason you need the fed to cut, there's still a lot of investors anchored to the higher cash rate. you need to -- they need to be compelled and that will help with the broadening out. they probably already have positions in the top ten stocks to broaden out. you need there to be a rationale or impetus. >> okay. so let's do this other move of yours. >> sure. >> this is pretty interesting. you bought more apple. >> yes. >> you have made the case repeatedly, i'm in apple but am underweight it, underweight apple. you may still be underweight but why did you buy more? >> this is 7% of my benchmark, of the s&p 500. so i'm never going to be 7% of anything in my portfolio when i only own 30 stocks. to me that's just prudent. i do think, look, i was bracing for apple to be horrific. i was bracing for guidance to be terrible. and it wasn't. >> they guided down a bit. >> yes, but we were expecting that and
certainly you shouldn't count on it anytime soon if you believe chair powell, president mester, president bostic, president kashkari, and anyone else. march ain't happening, at least today. >> the other reason you need the fed to cut, there's still a lot of investors anchored to the higher cash rate. you need to -- they need to be compelled and that will help with the broadening out. they probably already have positions in the top ten stocks to broaden out. you need there to be a...
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Feb 5, 2024
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around the world today and comments from chicago fed president austan goolsbee and atlanta's fed raphael bostictoday and tomorrow, we have numbers from bp and air france. we will have fed talk from cleveland and boston and richmond fed presidents. not yet finished. hermes and pepsi will wrap up the earnings week. we will see u.s. cpi revisions which are recalculated from 2023. if that has been a mouthful for me, it is setting the tone for a busy week which is coming up on the trading calendar. >>> european corporate distress has deepened with challenges. the main drivers according to the european stress index. it states real estate is the most depressed sector with the high interest rates and falling valuation s and germany is the biggest. we have the partner here who is joining me on the set. wonderful to have you with us. >> thank you. >> the high level take away here is this is a critical period for european companies. the stress levels have started to pick up. give us historical context. how does it compare to previous episodes? >> if you think about what the stress index does from the euro
around the world today and comments from chicago fed president austan goolsbee and atlanta's fed raphael bostictoday and tomorrow, we have numbers from bp and air france. we will have fed talk from cleveland and boston and richmond fed presidents. not yet finished. hermes and pepsi will wrap up the earnings week. we will see u.s. cpi revisions which are recalculated from 2023. if that has been a mouthful for me, it is setting the tone for a busy week which is coming up on the trading calendar....
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Feb 26, 2024
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i could go on and on tom barkin were not on the ground, rafael bostic no urgency to cut rates, mary dalyy say later this year does that mean after june. >> i think it means later this year they want to see more data and make the decision then but from a policymaker perspective if the real economy is doing well in inflation is it where you wanted to be you might as will keep the policy rate higher, i think there's a little bit of a risk in the attitude you don't want to get all the way down to 2% inflation and still have the policy rate where you had it when you have five or 6% inflation that would be carrying on too long but for now they don't feel much urgency to move. they made a lot of progress on inflation over the last nine months or so inflation used to be much higher but if it hangs up in the 3% range we will be happy about that i would like to see the year-over-year rates go down more than where it is to today. liz: good to see you, thank you very much will be looking for the 2% target because that's what the fed wants. were coming back the dow jonesi industrial down 28 points th
i could go on and on tom barkin were not on the ground, rafael bostic no urgency to cut rates, mary dalyy say later this year does that mean after june. >> i think it means later this year they want to see more data and make the decision then but from a policymaker perspective if the real economy is doing well in inflation is it where you wanted to be you might as will keep the policy rate higher, i think there's a little bit of a risk in the attitude you don't want to get all the way...
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Feb 16, 2024
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here's what atlanta fed president rafael bostic told sara eisen early on money movers. >> my outlook is to stop normalization, start returning our product policy stance to a more neutral stance in the summertime. i'll have to say, a year ago, six months ago, i was in the fourth quarter. we've seen tremendous progress. i'm hopeful that that continues. if that continues, i'll be willing to pull it forward even further. but i want to see it continue before making that judgment. >> do you still think three rate cuts this year? >> well, that's what was in the doc. i was one of two recruit increases. i'm still at two. if i pull it forward, if the data comes in more positively, i can move to three for sure. >> all right joining us now to talk markets, the fed, inflation, you johnson, sherman achieve -- with you johnson economics. also with, us ramaswamy's, nbc analyst and commentator. also chief market strategist at that is the financial partners. ron, i'll start with you. obviously the inflation numbers are hotter than expected. but coming down towards the target, lower than they were -- >
here's what atlanta fed president rafael bostic told sara eisen early on money movers. >> my outlook is to stop normalization, start returning our product policy stance to a more neutral stance in the summertime. i'll have to say, a year ago, six months ago, i was in the fourth quarter. we've seen tremendous progress. i'm hopeful that that continues. if that continues, i'll be willing to pull it forward even further. but i want to see it continue before making that judgment. >> do...
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Feb 16, 2024
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let's listen to what raphael bostic of the atlanta fed today said about his stance on this and what he is expecting next. >> we've seen a lot of progress in terms of inflation. i'm expecting that, through the course of 2024, it will be a little bumpy we. i think the trend will continue but the path all the way to 2%, i don't think we're going to get to that number immediately. these sorts of numbers, they're kind of okay and i can live with it. to me, it just says, we have to be patient. let's not get too far ahead in assuming the job is done. because i still work to do. >> this has been a very consistent message. every single fed official is on this page. i guess, has the market proven that this is acceptable? in other words, as long as the next move is lower and as long as there is no economic emergency that they're not responding to, we can win. >> the market has been charging off a tighter fed for over a year now. over the course of 2023, the fed was consistently tighter than what the market expected yet valuations continue to expand. i think the thing that we get the market to get
let's listen to what raphael bostic of the atlanta fed today said about his stance on this and what he is expecting next. >> we've seen a lot of progress in terms of inflation. i'm expecting that, through the course of 2024, it will be a little bumpy we. i think the trend will continue but the path all the way to 2%, i don't think we're going to get to that number immediately. these sorts of numbers, they're kind of okay and i can live with it. to me, it just says, we have to be patient....
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Feb 1, 2024
02/24
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the dead bodies were kept inside block bostic bout with a deep without a palestinian authority. is our calling for an investigation in our statements, the ministry, or for an offense, and expect what you said. it demands the formation of an international field investigation team into the mastic has committed by the use of the occupation and the conditions of the missing and detained from the goal of this trip. the discovery of this mass grave reflects the magnitude of the tragedy. faced by palestinian civilians and serious violation of 4 international loves. the discovery comes of just a day off that is read returned. 100 kind of thing in buddies for burial is roughly just like and offering cars on the condition of these parties. ranges of from severely decomposed to me skills are, remains making, gets hot item to find them. people still come to the sites, searching for clothes in this place of the tragedy. tarka. by soon i was just a rough, rough off in southern gauze. diana, but who is a palestinian human rights lawyer? she's with us live from ramallah. diana, what was your re
the dead bodies were kept inside block bostic bout with a deep without a palestinian authority. is our calling for an investigation in our statements, the ministry, or for an offense, and expect what you said. it demands the formation of an international field investigation team into the mastic has committed by the use of the occupation and the conditions of the missing and detained from the goal of this trip. the discovery of this mass grave reflects the magnitude of the tragedy. faced by...
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Feb 21, 2024
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not a lot of ecodata this week, but we are getting bostic at 12:30, bowman at 1:00, and of course the, which are about three weeks old at 2:00 p.m. eastern time dow down 117, holding 4,960. we're back in a moment at morgan stanley, old school hard work meets bold new thinking. to help you see untapped possibilities and relentlessly work with you to make them real. the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks
not a lot of ecodata this week, but we are getting bostic at 12:30, bowman at 1:00, and of course the, which are about three weeks old at 2:00 p.m. eastern time dow down 117, holding 4,960. we're back in a moment at morgan stanley, old school hard work meets bold new thinking. to help you see untapped possibilities and relentlessly work with you to make them real. the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got...
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Feb 5, 2024
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pmi in a minute, and then ism at the top of the hour along with the senior loan officer survey and bostic-year, 1.12%, back moment. (fisher investments) it's easy to think that all money managers are pretty much the same, but at fisher investments we're clearly different. (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades. (fisher investments) never at fisher investments. (other money manager) ok, then you probably sneak in some hidden and layered fees. (fisher investments) no. we structure our fees so we do better when clients do better. that might be why most of our clients come from other money managers. at fisher investments, we're clearly different. ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitti
pmi in a minute, and then ism at the top of the hour along with the senior loan officer survey and bostic-year, 1.12%, back moment. (fisher investments) it's easy to think that all money managers are pretty much the same, but at fisher investments we're clearly different. (other money manager) different how? you sell high commission investment products, right? (fisher investments) nope. fisher avoids them. (other money manager) well, you must earn commissions on trades. (fisher investments)...
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Feb 26, 2024
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we heard from bostic and heard fed speak last week and a lot more this week.has been we're patient kind of in wait and see mode. i think the minutes from the last fed meeting were interesting on that front because they sort of made it seem like a riskier bet to cut too soon than to wait too late on the cutting front. >> jeffries presentation we pointed out last week included a bunch of examples of prior easing cycles that began with core pce in the low 2s or high 1s. ed yardeni said cleveland fed now is looking for 0.3 which he thinks would spark a rally in stocks and bonds. >> lower than expected. >> we continue to get color from companies as well during this earnings season about disinflation. inflation pressures have come down. the latest dominos. what cfo is saying about prices. >> we're expecting a food basket to be up 1% to 3%. this has been driven by moderation on cheese prices. we expect the q1 food basket to be deflationary as we lap the only quarter from 2023 when the basket increased followed by moderate increases for the remainder of 2024. >> defla
we heard from bostic and heard fed speak last week and a lot more this week.has been we're patient kind of in wait and see mode. i think the minutes from the last fed meeting were interesting on that front because they sort of made it seem like a riskier bet to cut too soon than to wait too late on the cutting front. >> jeffries presentation we pointed out last week included a bunch of examples of prior easing cycles that began with core pce in the low 2s or high 1s. ed yardeni said...
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Feb 15, 2024
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we'll see what he says, and then bostic later tonight at 7:00 p.m. eastern. back in a minute.ild the electric vehicle of the future, you need partners. mining partners. technology partners. education. supply chain. energy. what if one partner could do it all? that partner is ontario, canada. with all the critical minerals to make electric vehicle batteries. 65,000 stem graduates per year. one of north america's largest i.t. clusters. a fully integrated supply chain. all powered by one of the cleanest grids in north america. ontario. your innovation partner. ( ♪♪ ) (bobby) my name is my brand. my store and my design business? ontario. your innovation partner. we're exploding. (assistant) in a good way. (bobby) but my old internet, was not letting me run the show. (assistant) it needed a total redo. (bobby) so, we switched to verizon business internet. easy. they have business grade internet, nationwide. fast, reliable, and easy to set up. (assistant) boom. instant makeover. (bobby) now this room is really working. (vo) make the switch. it's your business. it's your verizon. >>>
we'll see what he says, and then bostic later tonight at 7:00 p.m. eastern. back in a minute.ild the electric vehicle of the future, you need partners. mining partners. technology partners. education. supply chain. energy. what if one partner could do it all? that partner is ontario, canada. with all the critical minerals to make electric vehicle batteries. 65,000 stem graduates per year. one of north america's largest i.t. clusters. a fully integrated supply chain. all powered by one of the...
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Feb 13, 2024
02/24
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goolsby will be speaking and then tomorrow bostic, daily, plenty of fed officials are here to respondsa: the key question is, what have we learned? jonathan: very little. there was a take away from the last news conference. that chairman powell is trying to herd cats. but they all seem like they're on the same page to me. lisa: what is the threshold that would allow them to cut rates? maybe these broad concepts like confidence and broadening out become subjective and momentary pauses but this is a good point. jonathan: were having a conversation about calving and a couple of months. maybe june, but maybe not. president biden pushing for a six week pause in the fighting between israel and hamas making his case to the king of jordan. the senate passing 95 billion of aid. annmarie: for national security issues around the world. why the -- while they feel this is the right direction but this is dead on arrival in the house of representatives and mike johnson saying that's for the senate. but he has bill burns in egypt with the head of mossad. jonathan: super bowl setting a new record for
goolsby will be speaking and then tomorrow bostic, daily, plenty of fed officials are here to respondsa: the key question is, what have we learned? jonathan: very little. there was a take away from the last news conference. that chairman powell is trying to herd cats. but they all seem like they're on the same page to me. lisa: what is the threshold that would allow them to cut rates? maybe these broad concepts like confidence and broadening out become subjective and momentary pauses but this...
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Feb 6, 2024
02/24
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jonathan: the atlanta fed president raphael bostic saying that the central banks inflation target remains wage growth in labor supply are normalizing. he opted not to talk about the timing or path of interest rates in his prepared remarks and speculation grows as to when we might see the first interest rate cut. julie coronado suggesting that the time is now writing, the question is very much what are we doing it 5.5 percent? it's time to start adjusting the nominal funds rate. julia coronado joins us now. let's talk about that. the chairman of the federal reserve said that we need to see more data, more good data, not better data. just more data. >> not even as good. just good, he said. jonathan: any reason we won't see that in the next three months? >> no real reason. you will need the data to ratify that and data can always surprise us, but if inflation continues to behave as it has been, they are rapidly approaching 2%. i think what we are hearing from the fed is that the committee is struggling to catch up to how quickly the data have moved. and what to make of that. it certainly def
jonathan: the atlanta fed president raphael bostic saying that the central banks inflation target remains wage growth in labor supply are normalizing. he opted not to talk about the timing or path of interest rates in his prepared remarks and speculation grows as to when we might see the first interest rate cut. julie coronado suggesting that the time is now writing, the question is very much what are we doing it 5.5 percent? it's time to start adjusting the nominal funds rate. julia coronado...
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Feb 29, 2024
02/24
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we will hear from presidents bostic, gold spa he and williams prayed claims will be super important.e keep getting notices from different companies about layoffs. we heard this from company after company whether it's bumble, one of the bigger companies that came out yesterday we saw some issues with salesforce for seeing something with respect to guidance. all of these companies we saw coming in quite significantly. all these companies a keep trimming jobs. why are they not showing up in the numbers prayed annmarie: sony, macy's it's across the board. consumers are now very concerned with the labor market more than they have been. it's always about inflation and now they are worried about job prospects so that is something i think you are right for jobless claims is important. >> suggesting maybe claims have been a little bit misleading and taking our attention away from the weakness we are seeing elsewhere. specifically in retail sales. low initial jobless claims previously stronger data support the consensus for now activity is solid. we see a soft landing is a leak like -- least l
we will hear from presidents bostic, gold spa he and williams prayed claims will be super important.e keep getting notices from different companies about layoffs. we heard this from company after company whether it's bumble, one of the bigger companies that came out yesterday we saw some issues with salesforce for seeing something with respect to guidance. all of these companies we saw coming in quite significantly. all these companies a keep trimming jobs. why are they not showing up in the...