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Apr 4, 2024
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evercore roger altman is with us next. expectations for the fed, geopolitical concerns, and much more. don't go anywhere, we are live at the new york stock exchange. you are watching closing bell on cnbc. municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free. now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least $10,000 to invest, call and talk with one of our bond specialists at 1-800-217-3217. we'll send you our exclusive bond guide, free with details about how bonds can be an important part of your portfolio. hennion & walsh has specialized in fixed income and growth solutions for 30 years, and offers high-quality municipal bonds from across the country. they provide the potential for regular income are federally tax-free and have historically low risk. call today to request your free bond guide. 1-800-217-3217. th
evercore roger altman is with us next. expectations for the fed, geopolitical concerns, and much more. don't go anywhere, we are live at the new york stock exchange. you are watching closing bell on cnbc. municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free. now is an excellent time to consider municipal bonds from hennion &...
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Apr 22, 2024
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and so evercore isi did a big note on this and a deep dive.osed to artificial intelligence. they were looking at the different kinds of jobs that would be exposed. finance at the top, share of each job by ai, by industry. it's early in the adoption curve and they did this whole -- they tracked the census bureau every two weeks asking companies about their adoption and has found there was a little bit of a -- little bit of a tick down in the last few weeks and they said that's interesting because it kind of jives with what's happened with the market lately. overall there's a still adoption curve and it's just they look at it relative to electricity in the 1800s and the internet in the 1990 and show it takes time, but it's, obviously, transformational. >> yeah. i'm glad to hear that. there's a reason we speak about it as often as we do. i don't hear many argue the alternative. you don't hear the argument it's not going to be transformational very often, do you. there are some out there, but i -- we talk to business leaders they're almost uniform
and so evercore isi did a big note on this and a deep dive.osed to artificial intelligence. they were looking at the different kinds of jobs that would be exposed. finance at the top, share of each job by ai, by industry. it's early in the adoption curve and they did this whole -- they tracked the census bureau every two weeks asking companies about their adoption and has found there was a little bit of a -- little bit of a tick down in the last few weeks and they said that's interesting...
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Apr 23, 2024
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we got a report from evercore saying tesla might be unprofitable because it has cut prices simo.t prices sorry much before there's other things you need to address in one of those is it has a limited lineup and relies on the model 3 and the model why and you've got competitors from baywatch day you have everything right through a range of cows. you've got lay although, coming out with really interesting tech heavy cas that appeal to chinese buyers. tesla is stable. haslinda: peter in sydney, and you so much. we talked about cut in prices in china. a check on how stocks are doing in asia. head of tesla's earnings. check where we are. byd is down he in the opposite direction. as we count down to tesla's earnings, this is one company that cut prices not just in china, but other markets like u.s. and germany after disappointing sales. one more look at the chinese bubble tea maker chow by dow plunging 40% in its trading debut, underscoring the challenge the financial hub is facing. we have of companies, 10 companies have made ipo's to risk $300 million. chow by dow down 35% on its deb
we got a report from evercore saying tesla might be unprofitable because it has cut prices simo.t prices sorry much before there's other things you need to address in one of those is it has a limited lineup and relies on the model 3 and the model why and you've got competitors from baywatch day you have everything right through a range of cows. you've got lay although, coming out with really interesting tech heavy cas that appeal to chinese buyers. tesla is stable. haslinda: peter in sydney,...
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Apr 29, 2024
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given that it was nxp's biggest market, so watch out for any comments or slowdowns for that market evercoreoth they would revise the model which could be a positive for shares should that happen >> thank you, kristina we'll see you in "overtime." >>> the a.i. chips get all the headlines. >> they are getting all the headlines, though i think people are alert for the turn chip space as well, just because it's been on the outs for a while what is fascinating, too, is the way the earnings reports are getting received, even when they're forgiving, even with meta, it's a decision to spend more their destiny is in their control. and so we'll see if that carries through some of the big guys like amazon, that's why we have a premium. we had a bump, i don't know, about 59 minutes ago we recovered, though we're going to go out green across the board i'll seal you tomorrow >>> green on the screen ahead of a major week of catalysts for investors. >> buckle up form it's the busiest week of earnings season. this hour we'll get paramount, as rumors swirl. nxp semiconductors, cheg, fs,
given that it was nxp's biggest market, so watch out for any comments or slowdowns for that market evercoreoth they would revise the model which could be a positive for shares should that happen >> thank you, kristina we'll see you in "overtime." >>> the a.i. chips get all the headlines. >> they are getting all the headlines, though i think people are alert for the turn chip space as well, just because it's been on the outs for a while what is fascinating, too, is...
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Apr 11, 2024
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. >> rich, you're long the name as well as it gets reiterated as a top large cap pick at evercore. mahaney says he sees amazon as one of the few large caps with material rerating this year. >> a lot has to do with the dynamic of changing their cost structure, which is a large catalyst. it's moving their cash flow likely from $32 billion in 2023 to $82 billion in '24. so all the reasons josh mentioned and the analysts on the street are out there but there's that dynamic in the cash flow. >> jason, do you want to take alphabet, too? tactical outperform. we view the short term, our channel checks have been consistently constructive. a direct quote in the note today. >> for google we were talking about the a.i. rollout that didn't go so well. what i will say about google, if you flow back to the last report, operational margins grew and the stock has performed better than a lot of the other major names we talk about all the time. a partnership at apple that could be profitable going forward. >> rich, microsoft, target from 465, and that's at morgan stanley. >> well, i think if investor
. >> rich, you're long the name as well as it gets reiterated as a top large cap pick at evercore. mahaney says he sees amazon as one of the few large caps with material rerating this year. >> a lot has to do with the dynamic of changing their cost structure, which is a large catalyst. it's moving their cash flow likely from $32 billion in 2023 to $82 billion in '24. so all the reasons josh mentioned and the analysts on the street are out there but there's that dynamic in the cash...
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Apr 23, 2024
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. >> evercore cited the price cuts will reduce any profit that tesla to make.s that just elon musk and tesla fighting fire with fire and competing against chinese makers not worried about profit or margin. is there a price cut boosting demand in the short-term, but it gets people in the tesla ecosystem? >> frank, as you say, there is $10,000 between the two cars. among the early adopters, the purchasing power and with the range and salaries still present because the charging infrastructure is not keeping up. you have to do something to support. the government in some cases have delayed or reduced incentives. this is an important sign by tesla of support of the ev market. let us not forget that tesla has a higher margin than most comp competitors. ev is a lower margin. tesla has enjoyed a number of quarters. i had to say that price war will be initiated by tesla and that will be quickly followed by ch china. we had the action in china which was following. in the u.s., the smaller market, is seeing less price. >> you are suggesting we will see a more intense pric
. >> evercore cited the price cuts will reduce any profit that tesla to make.s that just elon musk and tesla fighting fire with fire and competing against chinese makers not worried about profit or margin. is there a price cut boosting demand in the short-term, but it gets people in the tesla ecosystem? >> frank, as you say, there is $10,000 between the two cars. among the early adopters, the purchasing power and with the range and salaries still present because the charging...
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Apr 12, 2024
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we are partial to evercore as they are gaining a lot of share in the investment banking side. we are seeing an increase in deal activity overall. we are seeing an increase in m&a activity and increase in the refinancing going on. we are cautiously optimistic on the ipo market. we have seen a couple of good ipos in the first quarter. we think there is more to come. certainly, what is going on with a.i. and the new business formation means we could be setting a stage for a strong ipo market some time in the future. >> nancy prial, thank you very much. have a great day. >> thank you. >> catch the interviews on the banks today. larry fink will join "squawk on the street." that is at 9:00 a.m. and the cfo of wells fargo joins "money movers" this morning. >>> ahead here on "worldwide exchange," the morning call sheet and the fresh call for novo nordisk finding a fresh appetite for that stock. we'll be right back. ♪♪ the road to opportunity. is often the road overlooked. at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we beli
we are partial to evercore as they are gaining a lot of share in the investment banking side. we are seeing an increase in deal activity overall. we are seeing an increase in m&a activity and increase in the refinancing going on. we are cautiously optimistic on the ipo market. we have seen a couple of good ipos in the first quarter. we think there is more to come. certainly, what is going on with a.i. and the new business formation means we could be setting a stage for a strong ipo market...
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Apr 22, 2024
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there is reporting out, evercore isi, for instance, saying price cuts in china could cost if their entiretyits -- the entirety of its operating profit there. >> that was an interesting report yesterday after we saw at the latest round of price cuts. it seems to have been tesla's strategy, sales down, cut prices. but what is really happening now particularly in china, it is faced with a whole suite of new competitors from byd, to even other companies that have unveiled their first new ev's. they are tech heavy and also have cool gadgets, they can convert them into beds, they have rollout kitchens. tesla relies on its model 3 and its model y for the bulk its sales, not just in china, but globally. without that mass-market so-called $25,000 car, how will they feel that growth hole? they can't just keep cutting prices. annabelle: that was global business editor peter branco as we look into the earnings from tesla. more analysis on them coming up this hour. the outlook for china is in focus with the ceo of jl warren capital just ahead. paul: here watching "daybreak: australia." here is the lates
there is reporting out, evercore isi, for instance, saying price cuts in china could cost if their entiretyits -- the entirety of its operating profit there. >> that was an interesting report yesterday after we saw at the latest round of price cuts. it seems to have been tesla's strategy, sales down, cut prices. but what is really happening now particularly in china, it is faced with a whole suite of new competitors from byd, to even other companies that have unveiled their first new...
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Apr 5, 2024
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coming up the evercore chairman emeritus joins bloomberg at 3:00 p.m. this is bloomberg.it is time for our wall street week daily segment. neil ferguson -- niall ferguson spoke with david westin about political and geopolitical risks in the u.s.. niall: you have to take a slightly longer term perspective to understand where we are. if you go back may be to the 1990's, yeah. that period seemed low risk. the soviet union had collapsed. apart from trouble in the balkans with the breakup of yugoslavia and some other trouble spots like somalia, the world by the standards of the rest of the 20th century was pretty peaceful. if you go back 50 years, imagine we are in 1974, that was a more dangerous time than now. i speak with some insiders in the midst of writing about that period as i write the second volume of my biography of henry kissinger. we judge the present by the recent past. the recent past was the period between two cold war's peer the first ended with the soviet collapse. we didn't notice cold war ii beginning but it really began when xi jinping came to power in chin
coming up the evercore chairman emeritus joins bloomberg at 3:00 p.m. this is bloomberg.it is time for our wall street week daily segment. neil ferguson -- niall ferguson spoke with david westin about political and geopolitical risks in the u.s.. niall: you have to take a slightly longer term perspective to understand where we are. if you go back may be to the 1990's, yeah. that period seemed low risk. the soviet union had collapsed. apart from trouble in the balkans with the breakup of...
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Apr 15, 2024
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negative week, let's see if he sees more opportunity appearing and joining me is mark mahaney from evercore, mark. >> hi, jon. >> i want to start out with expedia because that's the chart we were showing before and on the one hand you see some potential here. on the other hand it is in line quarter with more downside than upside risk. i mean, do you like it or not? >> okay. thanks for putting me on the spot. yes, i like the stock. it's a number two pick on the large cap and there may be a margin issue with the first quarter. valuation here is sitting on trough levels and around ten times next year's earnings so the bar is low. i think leisure travel as a whole is holding up relatively well this year. the company has two product cycles in terms of a one-key customer loyalty program and the replatforming of the verbo business and then you do have new management and that hopefully will be much more aggressive. [ no audio ] >> well, we are going to work on mark's mike there and come right back. coming up, israel is vowing to exact a price for iran's large-scale aerial attack this weekend. the t
negative week, let's see if he sees more opportunity appearing and joining me is mark mahaney from evercore, mark. >> hi, jon. >> i want to start out with expedia because that's the chart we were showing before and on the one hand you see some potential here. on the other hand it is in line quarter with more downside than upside risk. i mean, do you like it or not? >> okay. thanks for putting me on the spot. yes, i like the stock. it's a number two pick on the large cap and...
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Apr 10, 2024
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>> evercore view here is you will see growth softer and aggregate this year than you have before.k really tightening will start to bite and services start to sort of underline that segment and also you will really start to see less physical than we saw last year in terms of the delta. is that going to be enough to trigger a recession? for us it is really the labor market starting to wink and in the u.s. obviously what we saw recently in terms of that confidence level people not really feeling confident all of those things, when you project forward you can get a payroll number that can really surprise people. something like 50,000 would be a big shock to the market. >> do you think it would be a negative shock? we are in this back-and-forth debate based on what we are doing at this moment. a softening of the labor market may actually at this particular time you look at as good news because we figure it would be this inflationary. >> for the equity market the perfect scenario, the 5700 goldilocks scenario we got is kind of now to where we are getting to but where is that not so much
>> evercore view here is you will see growth softer and aggregate this year than you have before.k really tightening will start to bite and services start to sort of underline that segment and also you will really start to see less physical than we saw last year in terms of the delta. is that going to be enough to trigger a recession? for us it is really the labor market starting to wink and in the u.s. obviously what we saw recently in terms of that confidence level people not really...
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Apr 25, 2024
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november of '22 >> that's -- you know, a situation where hardware costs more what are the takeaways evercorereally good piece today. winners, nvidia. nvidia stock is going to be down today because it's part of a cohort called tech >> meanwhile, all they did was tell you how much money they're spending on these chips. >> i got a great one for you who's the second on the evercore list >> i don't know. who? >> broadcom. who joined the board in february >> right >> hock tan. >> that's an interesting -- >> he said something interesting on the clip. energy costs speaking to ge vernova, the amount of cost of energy for the first time in years is really going much, much higher. they're going to have to -- all these companies are going to have to compromise and start using natural gas. they can't just rely on wind and solar. >> it's one thing when alphabet or microsoft or amazon, even, their capex, particularly when it comes to the spending they're doing as hyperscalers in the datacenter, because that's just money they're putting in that they immediately charge customers who are using it this is diff
november of '22 >> that's -- you know, a situation where hardware costs more what are the takeaways evercorereally good piece today. winners, nvidia. nvidia stock is going to be down today because it's part of a cohort called tech >> meanwhile, all they did was tell you how much money they're spending on these chips. >> i got a great one for you who's the second on the evercore list >> i don't know. who? >> broadcom. who joined the board in february >> right...
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evercore isi head of research mark mahaney joins us. we're talking tech and more. larry: hello
evercore isi head of research mark mahaney joins us. we're talking tech and more. larry: hello
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Apr 30, 2024
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mark of evercore. cnb secret contributor, kate rooney getting ready for that print, i'm going to throw a little bit of an audible, admittedly off the top, mark, i'm going to come to you first because we are going to talk about amazon and a second but i want to talk about alphabet right now because i just got dan loebs up third point, his ew investor letter in which he discloses a new position in alphabet. he says during the first quarter the funds made a substantial investment in that company and, mark, i want your take on what he says was really a capitalizing on the disruption that this stock faced amid the swirling narrative around alphabet that they had missed out on ai. here's what he said. the concern that an nai world changes in the way consumers will eventually interact with their personal devices and the internet can result in risk to alphabets core business search is not entirely unfounded. alphabet, however, has both a substantial distribution and technology advantage over competitors in thi
mark of evercore. cnb secret contributor, kate rooney getting ready for that print, i'm going to throw a little bit of an audible, admittedly off the top, mark, i'm going to come to you first because we are going to talk about amazon and a second but i want to talk about alphabet right now because i just got dan loebs up third point, his ew investor letter in which he discloses a new position in alphabet. he says during the first quarter the funds made a substantial investment in that company...
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evercore isi head of research mark mahaney joins us. we're talking tech and more. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. 64% of americans think taxes are too damn high. of course they are. they are right and tragically joe biden wants to keep on raising them. plus the bidens are so inept they can't even get their own irs to at at attack rich people. ha, ha, vivek ramaswamy will talk about all that. they want to spend 50,000 for green army climate corps. that will be a mail in harvesting ballot corps. we'll ask dougburg ham about that. john hagerty and "breitbart"'s john carney. why mr. donald trump is actually a free trader. think of that. tammy bruce and rich lowery selling bibles not only godly but patriotic as well. but first up, speaking of the material things in life, 64% of americans say their taxes are too damn high. i agree. our own grady trimble is live in d.c. with even more tax burdens. good afternoon, grady. >> reporter: good afternoon, larry. it is an interesting poll, because on the one hand americans say they are being overtaxed
evercore isi head of research mark mahaney joins us. we're talking tech and more. larry: hello, folks, welcome to "kudlow," i'm larry kudlow. 64% of americans think taxes are too damn high. of course they are. they are right and tragically joe biden wants to keep on raising them. plus the bidens are so inept they can't even get their own irs to at at attack rich people. ha, ha, vivek ramaswamy will talk about all that. they want to spend 50,000 for green army climate corps. that will...
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Apr 1, 2024
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>> julian emanuel of evercore esi. he's the firm's senior managing director. julian, you -- you don't think there's any possibility the fed's going to hike? >> no. no, it's not and eye roll over what dan said -- >> just dan in general? >> no, it's -- are you kidding? he looks fabulous. >> i know, he does. >> it's the consequence of even the market thinking there's a possibility of that. and part of the narrative that's going on now is, there's a tendency to say, well, something worked this way, so, it's going to work this way again, and i -- look, frankly, the move from six expected cuts to three was something that we did not expect the market to take as well as it has taken it, but again, like this whole idea of 3% inflation back towards the 2% goal, this last mile is a little bit more difficult, and so, therefore, this idea of three cuts maybe going to two, we don't think the market's going to digest that as easily as it digested the kind of move from six to three, because you're 10% higher, you're on 21 times earnings, and expected growth of north of 11% fo
>> julian emanuel of evercore esi. he's the firm's senior managing director. julian, you -- you don't think there's any possibility the fed's going to hike? >> no. no, it's not and eye roll over what dan said -- >> just dan in general? >> no, it's -- are you kidding? he looks fabulous. >> i know, he does. >> it's the consequence of even the market thinking there's a possibility of that. and part of the narrative that's going on now is, there's a tendency to...
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Apr 19, 2024
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bout of negative sentiment in the market and new signals that we'll get next week on the economy with evercorerman krishna guha >>> elevated tensions in the middle east are adding another layer of
bout of negative sentiment in the market and new signals that we'll get next week on the economy with evercorerman krishna guha >>> elevated tensions in the middle east are adding another layer of
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Apr 30, 2024
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coming up, we will check in with evercore ahead of amazon earnings, israel-thomas talks, and a former fed economist saying that a stronger economy shouldn't delay rate cuts. we will begin with our top story of corporate america beating expectations. bloomberg reporting that 80% of companies have outperformed so far. evercore looking to earnings in the fed decision tomorrow saying that while the phase out of the baseline is being met with rocket volatility and a correction, doesn't mean the end of the cyclical bull market. good morning to you. your note this morning got the attention of me and lisa and the title in the question. all of these critical events, the earnings, the data, takes a backseat to win the media pops the question to jay powell out the presser. could you see the next move being a rate under any circumstances? when that question is asked by someone no doubt like mike mckee, how does he answer it? julian: we have had an overabundance of things. an overabundance of growth. the strength is probably better than anyone could have expected given that you've had soft spots i
coming up, we will check in with evercore ahead of amazon earnings, israel-thomas talks, and a former fed economist saying that a stronger economy shouldn't delay rate cuts. we will begin with our top story of corporate america beating expectations. bloomberg reporting that 80% of companies have outperformed so far. evercore looking to earnings in the fed decision tomorrow saying that while the phase out of the baseline is being met with rocket volatility and a correction, doesn't mean the end...
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Apr 15, 2024
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evercore isi. great start to the year, and it's not all cyclical.traight-up strong quarter led by better investment banking and higher trading. so, that gives you a quick snapshot of at least the analysts who follow goldman-sachs and their opinion of the quarter. return on equity annualized, 14.8%, 15.9%, return on tangible equity, book value up as well, 2.4% year to date, and it does appear they took some share, which is important for goldman. looks like a very strong quarter, as you might expect, the market is responding, at least as of now, positively. >> that was the best r.o.e. since first quarter of 2022, so a pretty good measure there, and i think the relative performance and things like m&a and in trading compared to jpmorgan -- we don't have morgan stanley yet, that would be a more direct comp -- but looked better for goldman-sachs. this is the -- this is where they shine, right, in this environment. they're not in that interest margin bank like jpmorgan is, which is why people were excited about jpmorgan on a more hawkish fed. this is a ba
evercore isi. great start to the year, and it's not all cyclical.traight-up strong quarter led by better investment banking and higher trading. so, that gives you a quick snapshot of at least the analysts who follow goldman-sachs and their opinion of the quarter. return on equity annualized, 14.8%, 15.9%, return on tangible equity, book value up as well, 2.4% year to date, and it does appear they took some share, which is important for goldman. looks like a very strong quarter, as you might...
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Apr 29, 2024
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were short tesla, betting there had to be more -- let's say, more earnings problems i mean, there's an evercoreiece, lowering price target, that was probably pre-china. but david, there is a sense among the companies that make self-driving that there's this holy grail robo taxi plan out there. forgetting the fact, i think, in this case, that teslas are expensive. more expensive than the regular car. >> a regular car you mean -- well, yeah i mean, at the same time that, urngs you're reading about and hearing about musk's visit and the okay from moving full self-driving, at least, into the chinese market, you're also well aware that byd continues to be able to lower the price of its entry model to well below half of what tesla charges for a car in the chinese market. not to mention what that will mean in other markets outside the u.s. in terms of continued competition from those ev makers in china, who, as we pointed out so many times, have lowered price and increased quality. doesn't necessarily mean they're the equivalent of a tesla, but the price differential is pretty significant. what you're
were short tesla, betting there had to be more -- let's say, more earnings problems i mean, there's an evercoreiece, lowering price target, that was probably pre-china. but david, there is a sense among the companies that make self-driving that there's this holy grail robo taxi plan out there. forgetting the fact, i think, in this case, that teslas are expensive. more expensive than the regular car. >> a regular car you mean -- well, yeah i mean, at the same time that, urngs you're...
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Apr 4, 2024
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it is because of the supply side analysis which is a theme of our work at evercore isi, that we are keythe economics of disinflation. when i listen to powell, it sounds like he is buying into that stthesis as well. >> let me read you one more comment. this is from christopher waller's spt speech. the risk of waiting to cut is risking the rebound of inflation is something i thwawant to avoi. we hear that from roger ferguson who is very close to a lot of fed members and i know jay powell listens to. if you are wrong and there are not three rate cuts and they don't start in june, does that change your outlook for where you think the markets are headed? >> i think for sure if we started to worry about whether the fed is going to be cutting rates at all this year, than would be a big problem for the market. if it is a question of delaying from june to july and three to two, the market will have to adjust. you are absolutely right in terms of chris waller. he expressed a preference. powell stated two sides of risk yesterday. he did not say one side is more important than the other. chris was
it is because of the supply side analysis which is a theme of our work at evercore isi, that we are keythe economics of disinflation. when i listen to powell, it sounds like he is buying into that stthesis as well. >> let me read you one more comment. this is from christopher waller's spt speech. the risk of waiting to cut is risking the rebound of inflation is something i thwawant to avoi. we hear that from roger ferguson who is very close to a lot of fed members and i know jay powell...
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Apr 26, 2024
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. >>> right now, for a look at the fed's rate path ahead of the central bank meeting, we bring in evercoresi chairman who heads the bank strategy team khrisna, thank you for being here we have the team meeting coming up with the weaker than expected jobs numbers and weaker than ex expected gdp what does it all add up to for the fed? >> well, it certainly wasn't a great set of releases yesterday for the fed. i think they will be over overwhelmingly focus odd the flask data the growth was weaker than the headline level cooling in consumption at the margin is what the fed would like to see. the inflation data is what the fed does not want to see we learned yesterday that in the first quarter of the year, taken together, inflation was hotter than we previously understood. we will understand that better with the monthly pce report for march today. it certainly confirms that things went in the wrong way for fed in the first quarter >> the two-year yield is reflecting that this morning above 5% again where do you think rates are headed krishna guha >> i think the fed is able to cut rates in july
. >>> right now, for a look at the fed's rate path ahead of the central bank meeting, we bring in evercoresi chairman who heads the bank strategy team khrisna, thank you for being here we have the team meeting coming up with the weaker than expected jobs numbers and weaker than ex expected gdp what does it all add up to for the fed? >> well, it certainly wasn't a great set of releases yesterday for the fed. i think they will be over overwhelmingly focus odd the flask data the...
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Apr 9, 2024
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plenty of commentary from the likes of morgan stanley, evercore, goldilocks overextended.face. lisa: and he pointed to small business optimism. he talked about the earnings we have to look at that speaks to more concern by executives that are looking at inflation still being sticky, consumers that are pushing back on pricing, and them struggling to pay the higher wages and inflation and generate the revenues to keep themselves in business. jonathan: consumers are struggling with the higher rates as well. we talked about this quote from the fed survey. the so-called perceived probability of missing a minimum payment over the next three months has risen to 12.9% for the month of march. that is the most since the pandemic. for most people, these interest rates are the problem. lisa: you put this well about immigration, the fact it is keeping wages down when a lot of people need their wages to grow to keep up with inflation. this speaks to how there are pockets getting badly hurt by rates where they are. it may not be reflected by the mega caps, and that difference is starting
plenty of commentary from the likes of morgan stanley, evercore, goldilocks overextended.face. lisa: and he pointed to small business optimism. he talked about the earnings we have to look at that speaks to more concern by executives that are looking at inflation still being sticky, consumers that are pushing back on pricing, and them struggling to pay the higher wages and inflation and generate the revenues to keep themselves in business. jonathan: consumers are struggling with the higher...