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Apr 3, 2024
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bloomberg's in the koran, nationwide -- enda curran, kathy bostjancic and omar aguilar. enda, expectations for what the fed chair might say today? enda: the key question is will we get a new message? he has made clear they aren't in a rush to cut interest rates yet. they have to be more confident on inflation. he cited a strong jobs market giving him space to hold off. today it will be critical to see if you will say something new on inflation. will he give any thought to payroll due friday or any not to what they are doing on the balance use? will it be a repeat of its recent message or will he give markets something new? sonali: think about the market and all the things they are already chewing on, the threat every inflation, are you looking for the fed chair to say something different? omar: i will be surprised if the fed changes anything at least today. they have been very clear and disciplined about being data-dependent. they have always tried to look at the gap between what the market says and expectations in the market and their dot plot. they have been academic a
bloomberg's in the koran, nationwide -- enda curran, kathy bostjancic and omar aguilar. enda, expectations for what the fed chair might say today? enda: the key question is will we get a new message? he has made clear they aren't in a rush to cut interest rates yet. they have to be more confident on inflation. he cited a strong jobs market giving him space to hold off. today it will be critical to see if you will say something new on inflation. will he give any thought to payroll due friday or...
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Apr 8, 2024
04/24
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geoff yu, ellie ackerman and enda curran are coming up. looking ahead to the latest cpi print and earnings season, jeff wrote this. while flows may remain heavily focused in the u.s., cross asset price action last week suggests that not all will be rosy for risk appetite rate markets are vulnerable to outcomes in policy and data amid positioning volatility and shifting correlations. how much of a challenge are these yields to this equity market? >> yield levels are a challenge. but also, the pace of the moves will be a greater challenge. putting my ethics hat on, sometimes it's not about levels but the speed at which you get to certain levels. it is somewhat slower compared to last year. if this accelerates, that tightens financial conditions more plea than markets are ready for, then you get the volatility. if earnings do not meet lofty expectations, that generates volatility as well. finally, we have the geopolitics. it's not all rosy out there. jonathan: you have to learn something from the data and how the market responds to it. we lea
geoff yu, ellie ackerman and enda curran are coming up. looking ahead to the latest cpi print and earnings season, jeff wrote this. while flows may remain heavily focused in the u.s., cross asset price action last week suggests that not all will be rosy for risk appetite rate markets are vulnerable to outcomes in policy and data amid positioning volatility and shifting correlations. how much of a challenge are these yields to this equity market? >> yield levels are a challenge. but also,...
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Apr 10, 2024
04/24
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our global economics correspondent enda curran joins us now. we are seeing some significant repricing of fed easing expectations. what was most interesting to you in the fact we have now had a third straight month of hotter than expected levels of inflation? enda: i think it was the breadth of increases of products people by everyday. half of it was down to rent and transportation. those were kind of familiar culprits by now. when you look at the details, the cost of getting your car fixed, car insurance, the cost of education, the cost of going to the doctor, the cost of elderly care. these are some of the services were prices have increased. the pace of increase for food has slowed. that is the one positive right spot. obviously food prices remain elevated with the pace of increases have slowed. but it is on the pockets of day-to-day living where inflation is starting to sting. as you mentioned, that forced a dramatic repricing of the fed re-cut story today. only a few months ago traders were betting that by now the fed would cut interest rat
our global economics correspondent enda curran joins us now. we are seeing some significant repricing of fed easing expectations. what was most interesting to you in the fact we have now had a third straight month of hotter than expected levels of inflation? enda: i think it was the breadth of increases of products people by everyday. half of it was down to rent and transportation. those were kind of familiar culprits by now. when you look at the details, the cost of getting your car fixed, car...
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Apr 23, 2024
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enda curran joins us now to discuss. let's talk about some of the complaints.capacity, overproduction, heavily subsidized product and competition. this story feels a lot more like fierce competition than anything this government is combining about. can you walk us through the forces holding back u.s. tech firms? enda: there is one stock that speaks to your point. huawei sales in the quarter rose 70% even as apple shrank. that speaks to the idea that china is innovating and driving its homegrown technology to compete with the best of the best. at the same time we did have other details. against the backdrop of the chinese new year, consumers are buying and spending. they were buying chinese-made phones. it does lend itself to the idea that there is a homegrown base. we are seeing that among electric vehicles as well. tesla discounting to generate sales because they are facing competition from homegrown chinese technology. it should be set ahead of the visit to china by antony blinken, there was a rare briefing by the chinese government to the colleagues in beiji
enda curran joins us now to discuss. let's talk about some of the complaints.capacity, overproduction, heavily subsidized product and competition. this story feels a lot more like fierce competition than anything this government is combining about. can you walk us through the forces holding back u.s. tech firms? enda: there is one stock that speaks to your point. huawei sales in the quarter rose 70% even as apple shrank. that speaks to the idea that china is innovating and driving its homegrown...
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Apr 2, 2024
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enda curran is in washington dc with the details.as an element of the conversation about the technology sector. what is the most know about the conversation? enda: it is their first one-on-one since november with the white house briefing suggesting it is a progress check in. the main points from our colleagues at the white house is that they spoke about the counter narcotics trade, the topic of fentanyl, central to both presidents. then there was a broader discussion around china's role in stability in the middle east, using its leverage their and china's role when it comes to the war in ukraine. the broader point of the call speaks to the idea that both sides are continuing to try to stabilize relations. there are areas of cooperation. in ai, for example. the focus of the detail so far seem to have been on security and the counter narcotics trade. caroline: there is a list of things they could have talked about that would perhaps have more ramification on the economy as well. they are working to find at least security and guardrails
enda curran is in washington dc with the details.as an element of the conversation about the technology sector. what is the most know about the conversation? enda: it is their first one-on-one since november with the white house briefing suggesting it is a progress check in. the main points from our colleagues at the white house is that they spoke about the counter narcotics trade, the topic of fentanyl, central to both presidents. then there was a broader discussion around china's role in...
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Apr 1, 2024
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enda curran joins us to break down some of the data. let's talk about this. have the official read. what are they saying, i wonder. >> they are saying it is looking firmer in china now. both in positive territory, both beating expectations. when you look at the data, they are suggesting that new export orders are doing well also. there is momentum. that gels with the idea that china's exploits are recovering as well. it looks like the industrial part of the economy is doing ok. the big question will be whether this industrial upswing proves to be sustainable. we had a forestall, but right now it looks like a positive part of the economy for sure. jonathan: copper backs up at rebound as well. what is iron ore telling you, given the plunge that we have seen over the last month? >> it is a curious proxy. where iron ore was going, that is where china's economy was going, but iron ore fired all expectation. this yakym the story is meant to be one of putting more support into the economy. as you mentioned, it is not being translated into commodity price or the iron
enda curran joins us to break down some of the data. let's talk about this. have the official read. what are they saying, i wonder. >> they are saying it is looking firmer in china now. both in positive territory, both beating expectations. when you look at the data, they are suggesting that new export orders are doing well also. there is momentum. that gels with the idea that china's exploits are recovering as well. it looks like the industrial part of the economy is doing ok. the big...