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Feb 12, 2024
02/24
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joining me now is jay hatfield. jay, give me a sense of data coming out.rnings this week. what moves the needle for you? >> really cpi and ppi and how those feed into core pce. we are projecting, which is not difficult to do, that core pce will roll down to 2.6% and 2.3% by the end of march. that sets us up for rate cuts in may or june. that is why we have a street high of 5,500 on the s&p. >> you have a contrarian view of what is happening in europe? >> right. if you are afraid the fed will wait, which they can with the strong economy, the european economy is weak. they don't have any of the advantages we have. t they don't have thing e energy advantage. germany is in recession. they need to cut. they will cut in june. that will pave the way for our fed to cut. >> give me three places for equities. >> we are focused on large cap dividend stocks. we like the investment banks. we have merger monday again and equity offerings are great for investment banks. we like small caps. preferred stocks which are overlooked. on the fixed income side, they out perform.
joining me now is jay hatfield. jay, give me a sense of data coming out.rnings this week. what moves the needle for you? >> really cpi and ppi and how those feed into core pce. we are projecting, which is not difficult to do, that core pce will roll down to 2.6% and 2.3% by the end of march. that sets us up for rate cuts in may or june. that is why we have a street high of 5,500 on the s&p. >> you have a contrarian view of what is happening in europe? >> right. if you are...
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Feb 16, 2024
02/24
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i -- i mean we had a greatly interview with jay hatfield, he is more worried about pce index says pcebad that is going to remind everybody that inflation raimgz a major issue for the federal reserve, so my question to you is what dpoufrng happens with a with the fed due believer is that what you said other day no rate cuts. >>. >> we will get rate cuts but in response to the wheels off the market or economy i agree with jay hatfield on core pce deflator one thing housing weight in pce deflator is half what it is in ppi the anvil that people anticipate will pull cpi lower catch up to lower housing prices finally feeding flew to numbers is not going to have same impact on core pce deflator that could be stickier than cpi again i think going to keep fed in a box doing to have a hard time cutting rates before any kind of crisis forces them to do so. so i think this will just be repeat in terms of fed part time will overdue tightening wheels come off a they rush in with fire cities slash rates maybe end up with six rate cuts expecting but in panic fashion in response to some kind of crisis
i -- i mean we had a greatly interview with jay hatfield, he is more worried about pce index says pcebad that is going to remind everybody that inflation raimgz a major issue for the federal reserve, so my question to you is what dpoufrng happens with a with the fed due believer is that what you said other day no rate cuts. >>. >> we will get rate cuts but in response to the wheels off the market or economy i agree with jay hatfield on core pce deflator one thing housing weight in...
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Feb 21, 2024
02/24
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FBC
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maria: the pc index is one of the favored inflation index for the fed and we had jay hatfield he thinksddition to the second read of gdp on wednesday will get the january pce on thursday. jump in the pce and dex that jay hatfield feels will indicate inflation stubbornly high. >> what is interesting, the components of the pce index which is the fed's favorite index, are or at below 2% with ppi in the gd price index. my price to you cpi seems to be above three that's what has everybody fixated. why are we fixated on three number versus two number with some of these are at or below two. >> as far as the feds index pce is concerned it was a 2% in q3, to present q4 in 2% is the target they stuck the landing anyone you said inflation is sticky is not looking at the numbers, the cpi is very different, it is been true for 60 years is especially problematic in the month of january which got everyone so disappointed because we did not meet expectations for cpi. because cpi weighs housing twice as much as a index pce. every january they change their waiting in the up the waiting of what they weigh
maria: the pc index is one of the favored inflation index for the fed and we had jay hatfield he thinksddition to the second read of gdp on wednesday will get the january pce on thursday. jump in the pce and dex that jay hatfield feels will indicate inflation stubbornly high. >> what is interesting, the components of the pce index which is the fed's favorite index, are or at below 2% with ppi in the gd price index. my price to you cpi seems to be above three that's what has everybody...
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Feb 19, 2024
02/24
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when i was interning for senator hatfield, every senator had that super power of putting up amendments and, getting debate and vote is now virtually gone. you need unanimous consent now, so we be guaranteed amendments, both sides. if you've had at least the opportunity for ten amendments on both sides, it would be in order to go a period of extended debate. and that period of extended debate would be solely on the issue of final passage of. the bill, and at that point, no quorum calls, no motions, would be in order. everybody could speak for long as they want twice. and if in the course of time there is a break in debate, then the chair calls a question again, as has happened throughout our our history, or if everyone exhausts their their chance to speak to the issue, which has never happened in our history never happened but you reach that point then also that would mean there'd be a break and you'd be able to vote. now during that period, if you reached compromise, you could still use the existing tool of cloture to close debate and wrap things up. so you're not getting rid of clotur
when i was interning for senator hatfield, every senator had that super power of putting up amendments and, getting debate and vote is now virtually gone. you need unanimous consent now, so we be guaranteed amendments, both sides. if you've had at least the opportunity for ten amendments on both sides, it would be in order to go a period of extended debate. and that period of extended debate would be solely on the issue of final passage of. the bill, and at that point, no quorum calls, no...
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Feb 4, 2024
02/24
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today, honey, when kids pour into the cafeteria at oak park elementary in hatfield, pennsylvania, jillianws the time they spend here matters all day long, they're studying books and then they get to come here and have a break. kids need food. kids need food before they learn and before they're ready to learn. jonathan winkle is oak park's principal and an advocate for making sure school meal debt doesn't keep a child from eating. we don't know what their home environment is, so it's very important at this one moment of the day where they have a chance to have a warm, home cooked meal here in our cafeteria every kid in his school gets free lunch, even if they can't pay, they eat thanks to a fund set up by the staff. but other schools are struggling to offset the impact of school meal debt. vito malacari is a teacher at a school in northeastern pennsylvania. during the pandemic. to take this a step back, we had a universal breakfast and lunch program that students didn't have to pay for breakfast. they didn't have to pay for lunch. during that time, we saw a student engagement increase. we
today, honey, when kids pour into the cafeteria at oak park elementary in hatfield, pennsylvania, jillianws the time they spend here matters all day long, they're studying books and then they get to come here and have a break. kids need food. kids need food before they learn and before they're ready to learn. jonathan winkle is oak park's principal and an advocate for making sure school meal debt doesn't keep a child from eating. we don't know what their home environment is, so it's very...
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Feb 16, 2024
02/24
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we will see about that i want to know about the pc and dex, jumping when we were talking about jay hatfieldall street, he said he's expecting bad news when we get the pce index coming up that is the fed's favorite inflation reading and he says that inflation remains high and could get worse given the hostility in the red sea. >> that individual could be right on the mark, what worries me is the acceleration of wage growth that we've observed from 4.3% december, four and a half in january, believe me, there is no way that we get to 2% underlying rate of inflation of wages growing by foreign half% annually. it's not going to happen. another problem on the inflation going forward we no longer have energy prices declining. in fact we now have the price of gasoline that is risen for four consecutive weeks and without the benefit of energy price fossil fuel deflation we are probably, we may have reached already and come to an end of the process of this inflating the u.s. economy and again, labor cost that explains why services are running at 5% year-over-year in the cpi on the other hand we have
we will see about that i want to know about the pc and dex, jumping when we were talking about jay hatfieldall street, he said he's expecting bad news when we get the pce index coming up that is the fed's favorite inflation reading and he says that inflation remains high and could get worse given the hostility in the red sea. >> that individual could be right on the mark, what worries me is the acceleration of wage growth that we've observed from 4.3% december, four and a half in january,...
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joining me is infrastructure capcapital advisor ceo, jay hatfield. also with us, mark tepper. take a look at futures this morning, get your take on where we are. markets are trading higher on the first trading day of february. s&p is up 19 points. the federal reserve left interest rates unchanged yesterday, fourth consecutive meeting, we expected that. they're making it clear they're not ready to start cutting yet. we will likely see a cut later in the year. jay powell says march is off the table. bank of england held steady for the fifth consecutive meeting, 5.25% on rates in the bank of england. jjay, your reaction what took place at t fed. >> i thought it was constructive to take increases off the table and also take the march cut off the table. i thought that was wildly optimistic this fed is going to wait pour what we call roll-down which is going to be profound which is worth getting into. we're rolling off point five in january and about point four, so if we just do what we were doing in the last six months, inflation is going to go below 2.5 and that's when we think th
joining me is infrastructure capcapital advisor ceo, jay hatfield. also with us, mark tepper. take a look at futures this morning, get your take on where we are. markets are trading higher on the first trading day of february. s&p is up 19 points. the federal reserve left interest rates unchanged yesterday, fourth consecutive meeting, we expected that. they're making it clear they're not ready to start cutting yet. we will likely see a cut later in the year. jay powell says march is off the...
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Feb 14, 2024
02/24
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FBC
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joining me is kings view asset management partner, mario vaneroso and i-cap etf portfolio manager, jay hatfieldyou for being here. jay, want to the kick things off with you, get your reaction to the big selloff we saw yesterday and a bump this morning to the upside. dow industrials trying to recover a gain of 108, nasdaq rallying right now, up 126. but this was of after a little bit of a blood bath yesterday, the dow tumbling 524 points yesterday at the close, that was the worst day since last march after yesterday's january cpi report. look at the nasdaq, down 1.8% on the session, 286 points lower as people started to question if the fed's going to deliver on these rate cuts. the fed now reinforcing the cautious apoach to rate cuts this year and as you can see we are looking at the 10 year, now sitting above 4.2%. hey, jay, we're kissing up to 4.3% right now with this move. it's down today but still up to 4.3%. your thoughts? >> well, the cpi report was distorted but awful. so there's no acceleration in inflation shelters, misreported and also financial services increased annualized 30%. but t
joining me is kings view asset management partner, mario vaneroso and i-cap etf portfolio manager, jay hatfieldyou for being here. jay, want to the kick things off with you, get your reaction to the big selloff we saw yesterday and a bump this morning to the upside. dow industrials trying to recover a gain of 108, nasdaq rallying right now, up 126. but this was of after a little bit of a blood bath yesterday, the dow tumbling 524 points yesterday at the close, that was the worst day since last...
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infrastructure capital advisor ceo jay hatfield is here.etta messner, the cleveland fed, if anything later in the year. >> we agree with that. we really think june is the right time. what you need to watch is the roll down in inflation. it will be profound because they're rolling off .5s, and .4s and we're printing .5s and .2s. we'll go 2.9, 2.4, 2.3, that will set the fed to cut. liz: how will i make money ahead of that? >> i don't think investors estimate how bullish rate cuts are. not that just the rates come down. fed and global banks have to inject capital into the banking system. which tends to inflate asset prices just like in '21. that is an extreme example. we think be levered into investment banks. we think on income side preferreds are mentioned. that is now at par. that is what happens when it goes fixed to floating. also small caps, we think there are a lot of at -- attractive small caps. liz: i would be remiss, large financials, regional financial, new york community bank off the session at the moment but still down 22 1/2%. i
infrastructure capital advisor ceo jay hatfield is here.etta messner, the cleveland fed, if anything later in the year. >> we agree with that. we really think june is the right time. what you need to watch is the roll down in inflation. it will be profound because they're rolling off .5s, and .4s and we're printing .5s and .2s. we'll go 2.9, 2.4, 2.3, that will set the fed to cut. liz: how will i make money ahead of that? >> i don't think investors estimate how bullish rate cuts...
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Feb 10, 2024
02/24
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KGO
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and this morning one of our stewards, elizabeth hatfield, has a question for you.uch a fun age"? >> sure. i think i have a lot of the same interests in dialogue and money in those conversations that are so real that it makes you a little uncomfortable. that's what i love to read as well and really interested in a caregiver role. amelia, in my first book she is a domestic worker and millie is an r.a., a weird baby-sitter and i'm interested in care in both of these books for sure. >> whit: any interesting or fun stories from your time as an r.a. that you can share on national television? >> right, right, usually they behaved themselves but i do remember these two girls came to my room because a flood started from their ceiling, like water was coming in and they're looking at me saying what do we do and i'm like, call the police, i don't know but you have to be cool and do the right thing and call the proper numbers and then we took care of them, okay. >> gio: one great thing you do, you interview people just in your daily life and you take a lot of their stories. >>
and this morning one of our stewards, elizabeth hatfield, has a question for you.uch a fun age"? >> sure. i think i have a lot of the same interests in dialogue and money in those conversations that are so real that it makes you a little uncomfortable. that's what i love to read as well and really interested in a caregiver role. amelia, in my first book she is a domestic worker and millie is an r.a., a weird baby-sitter and i'm interested in care in both of these books for sure....