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Jul 9, 2024
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>> i think people are paying a lot of attention to at the fmoc is the job openings. openings have ticked back up in the recent reading, but down a bit in the last 6 to 12 months. if you have weakening labor ma market, it translates to a cooling job market. that has come up in the fed speeches and something they will keep an eye on. the other thing is the cost index. they are keeping an eye on wage growth. if wage growth falls, that suggests the labor market is falling quite a bit. those are two big ones to keep an eye on. >> jay powell on capitol hill over the next two days. jeanna, thank you. >>> coming up, a potential second trump term and how two emerging technologies are high on the republican party priority list. >>> first, i want to give you the top trending stories. summer get aways. tsa says more than 3 million people passed through airport security on sunday for the first time ever as people take advantage of cheaper flights with prices down 6% from a year ago. rome, athens and the dominican republic are attracting people, but qatar could top the list. airpo
>> i think people are paying a lot of attention to at the fmoc is the job openings. openings have ticked back up in the recent reading, but down a bit in the last 6 to 12 months. if you have weakening labor ma market, it translates to a cooling job market. that has come up in the fed speeches and something they will keep an eye on. the other thing is the cost index. they are keeping an eye on wage growth. if wage growth falls, that suggests the labor market is falling quite a bit. those...
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Jul 31, 2024
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unchanged is a little bit unusual for an fmoc meeting. the dow was 268 going into the meeting. now about 275. that's unchanged. that statistically insignificant move. z again, insignificant statistically. the russell 2000 is unchanged. that's been the big mover. and the s&p tech index, which has been down this month, an underperformer, that too is up one or two points. not statistic significant. the reason i think the markets is happy with this is remember, there's a three-step process here, that the market has come to believe will happen. first is the fed sets the stage today for a potential rate cut, and they did that today. they lowered the jobs outlook a little bit. job gains have moderated rather than remain strong, and they had somewhat lower inflation outlook, where they said, inflation was somewhat evaluated, adding that word "somewhat. so lower inflation outlook and somewhat lower job outlook. that's, again, setting the stage for potential rate cuts. then, maybe, perhaps at jackson hole, they'll make some additional statements. that's the plan that the market believes
unchanged is a little bit unusual for an fmoc meeting. the dow was 268 going into the meeting. now about 275. that's unchanged. that statistically insignificant move. z again, insignificant statistically. the russell 2000 is unchanged. that's been the big mover. and the s&p tech index, which has been down this month, an underperformer, that too is up one or two points. not statistic significant. the reason i think the markets is happy with this is remember, there's a three-step process...
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Jul 12, 2024
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goolsbee is not a voting member of the fmoc this year. >>> shares of tesla are lower again today afterapping an 11-day win streak yesterday. that move coming on a bloomberg report the company is postponing its robotaxi event from august to october to give tesla more time to build prototype vehicles. the stockdropping more than 5% in yesterday's session. it had surged 44% during the 11-day win streak. >>> boeing is reportedly warning customers of further delays for the 737 max. bloomberg says the company has told them aircraft deliveries in 2025 and 2026 could be pushed out an andditional three-to-six months. boeing said it was delaying a key milestone for the 737 program by three months as production has slowed in the face of the scrutiny from airlines, regulators and lawmakers. frank. >> boeing shares down .50% in the pre-market. silvana, thank you very much. >>> turning attention back to earnings season. it ramps up this morning as big banks roll out results. jpmorgan chase and wells fargo and citi are reporting. investors are looking for credit card delinquencies and real estate. th
goolsbee is not a voting member of the fmoc this year. >>> shares of tesla are lower again today afterapping an 11-day win streak yesterday. that move coming on a bloomberg report the company is postponing its robotaxi event from august to october to give tesla more time to build prototype vehicles. the stockdropping more than 5% in yesterday's session. it had surged 44% during the 11-day win streak. >>> boeing is reportedly warning customers of further delays for the 737 max....
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Jul 4, 2024
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the fmoc officials left the june rates unchanged showing one cut of 25 basis points by the end of theear. to discuss this more, we have tim from m&a global advisors. good morning. >> good morning, silvia. >> i would like your thoughts on the minutes from the fed. four mentions of greater confidence line. >> yeah. >> what else do they need to see to gain this confidence? >> probably two more inflation points that look normal-ish or soft i softish after the q1 inflation data. they need to take out the additional hike or two they had in the dots. a couple months of inflation data which is really important. don't forget about the labor data. it may be one inflation data report they need to see before easing. the dual mandate is now in play. >> the recent data does suggest that we are getting that cooling in the rest of the economy. not an aggressive one that should make us concerned about it, however, why is the fed not confident to advance to go on the rate cuts just yet? >> economic data, i think, in general since the pandemic is all over the place, really. market data is no exception t
the fmoc officials left the june rates unchanged showing one cut of 25 basis points by the end of theear. to discuss this more, we have tim from m&a global advisors. good morning. >> good morning, silvia. >> i would like your thoughts on the minutes from the fed. four mentions of greater confidence line. >> yeah. >> what else do they need to see to gain this confidence? >> probably two more inflation points that look normal-ish or soft i softish after the q1...
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Jul 12, 2024
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so, the discussion at the fmoc will be of interest to see what they are thinking about.f you look at the jobs report and the jobs number, all of the jobs numbers are revised down. the job market is weakening. the other thing i worry about is if you look at the bull steep e steepening of the curve is happening again. the spread is getting negative and the bull steepening. that causes a recession. you are seeing steepening signs now. we are at 5.25. even if they cut rates by .25, it will still be 5. it is not easing by any means, but a good start to get on that. >> i think posing that question to several guests because if we get a rate cut from the fed, it will not imagine a huge difference where the rates are sitting. ultimately, why is that an important part for the markets? i was reading commentary this morning and them don't need to see the cut yet, but the cpi print and the comments from the fed is enough for investors to be rotating out of tech. >> sure. why this is important is if you look at the s&p as a whole, there are a few stocks that have done well. a majority
so, the discussion at the fmoc will be of interest to see what they are thinking about.f you look at the jobs report and the jobs number, all of the jobs numbers are revised down. the job market is weakening. the other thing i worry about is if you look at the bull steep e steepening of the curve is happening again. the spread is getting negative and the bull steepening. that causes a recession. you are seeing steepening signs now. we are at 5.25. even if they cut rates by .25, it will still be...
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Jul 30, 2024
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the fmoc not expected to cut rates, but could signal a cut t for september.g those tea leaves. we will hear from merck, pfizer and p&g. that will happen in the next hour and a first on cnbc interview with p&g ceo jon moeller. he will give us a sense of what's going on in the world. >> austan goolsbee already knows what he's going to do. it's a two-day meeting for him to say what they are going to do. >> it is not even about september. for them, it is about what happens in -- >> november and december. >> exactly. >> they all bring information from the home districts. it is probably an exchange of information and iideas. everybody comes up with a different idea and reach cons consensus. they need to figure that out. >> they need to hire a pr guy. they need to hire joe. i think they should hire you. rsm chief principal and economist. your view of the world right now is really nice. >> yeah. what's wrong with our economy? i don't get it. >> inflation is 2.8%. 2.6% in the past year. the economy is not overheating. you do acknowledge in your view it is restrictive
the fmoc not expected to cut rates, but could signal a cut t for september.g those tea leaves. we will hear from merck, pfizer and p&g. that will happen in the next hour and a first on cnbc interview with p&g ceo jon moeller. he will give us a sense of what's going on in the world. >> austan goolsbee already knows what he's going to do. it's a two-day meeting for him to say what they are going to do. >> it is not even about september. for them, it is about what happens in --...
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Jul 10, 2024
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they caved to the president -- i don't think they think that's the case, either chair powell and the fmocg to lower interest rates by saying that it was due to those trade tensions, which was meant to be a dig by president trump, that the tariffs would be disruptive. but their answer was to reduce rates. >> i guess my question goes back again to, if republicans are going to say, look, the reason joe biden has added more jobs or more jobs have been added under him than anyone else is because of the bounceback from covid, shouldn't republicans also admit that a lot of the inflation that has caused real wages not to rise overall, that that was out of biden's control, too. it may not have necessarily have been all the fiscal spending. it might have been that supply chain disruptions from covid were why we've had the tough inflation for the first two or three years. >> no, i would disagree with that analysis. i think it was a v-shaped recovery. i think we were well on our way to getting back to pre-covid conditions, and then i think the piling on, the fiscal recklessness, that continues, that
they caved to the president -- i don't think they think that's the case, either chair powell and the fmocg to lower interest rates by saying that it was due to those trade tensions, which was meant to be a dig by president trump, that the tariffs would be disruptive. but their answer was to reduce rates. >> i guess my question goes back again to, if republicans are going to say, look, the reason joe biden has added more jobs or more jobs have been added under him than anyone else is...