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charles: what the jay powell and markets may do today? >> jay powell has options.quity spreads all-time highs. he has the option of appearing hawkish without having to commit to action in march. so i think we will come out a little more hawkish. he will guide be patient, fight inflation, he will have plenty of time to change his mine. charles: i love having these conversations with you. i'm glad you are on board today. talk to you soon. we're minute minutes away from g for jay powell. market is reacting to the that. comments are so critical. we'll put comment on the screen. because you got to understand these are central to the questions the fed has to answer today. these again right at the very beginning they made some significant changes. the markets reacted significantly. i'm here with alli and danielle. ladies you had a chance to check out the fomc statement. i start with, today danielle, how much does that alter what you were expecting coming into today? >> i was surprised to see they completely removed any language about a sound banking system on a day like t
charles: what the jay powell and markets may do today? >> jay powell has options.quity spreads all-time highs. he has the option of appearing hawkish without having to commit to action in march. so i think we will come out a little more hawkish. he will guide be patient, fight inflation, he will have plenty of time to change his mine. charles: i love having these conversations with you. i'm glad you are on board today. talk to you soon. we're minute minutes away from g for jay powell....
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Jan 31, 2024
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we look ahead to jay powell later today.y push back aggressively how vulnerable are treasuries? mark: it will be sharp and the curve. we had a big inversion and people are looking for a big staple, the next big money maker. if he pushes back it would be too early for the steepening. that will be a disappointment and you will see a deeper inversion. the two year yield will stay high relative to the tens. next week there is a tenant 30 year auction that will make them more difficult. any hint that may is on the cut keep steepening alive, but if he says there is no timetable for a fed cut the second half of the year, we will not see people get aggressive on the steepening. it will have to stay on hold. tom: 432 on the two-year. thank you, mark cranfield from our team. get more from the team on the block on the terminal or bloomberg.com. novo nordisk sees profits soaring. setting a strong forecast in terms of sales and profits. we bring you the details, this is bloomberg. ♪ ♪ tom: welcome back to daybreak euro. novo nordisk says
we look ahead to jay powell later today.y push back aggressively how vulnerable are treasuries? mark: it will be sharp and the curve. we had a big inversion and people are looking for a big staple, the next big money maker. if he pushes back it would be too early for the steepening. that will be a disappointment and you will see a deeper inversion. the two year yield will stay high relative to the tens. next week there is a tenant 30 year auction that will make them more difficult. any hint...
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Jan 25, 2024
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that's how i'm thinking about things relative to jay powell.ly of the opinion as most people are that it's all political. i think there's -- it lurks in the background, you know, the fact that it's a presidential election year, but i really think it's about a where the economy is which is in a stable place for now, but where the real interest rates are. so i think investors should buy two, three, five-year treasuries because you're locking in a rate which isn't, you know, towering, but it's above the inflation rate which continues to fall. and i think those rates on the shortest end, the old t-bill and chill strategy which i never really recommended because i think the fed's going to cut. so if you want to buy a 5.25 6-month bill, you'll be happy for 6 month, but there's a strong chance you might roll that over at a level below today's 3 and 5-year treasuries. that's what i kind of like in fixed income. i'm less fond -- in the prior segment i talked about these big rallies in junk bonds and even lore tier investment grade bondt grade bonds whic
that's how i'm thinking about things relative to jay powell.ly of the opinion as most people are that it's all political. i think there's -- it lurks in the background, you know, the fact that it's a presidential election year, but i really think it's about a where the economy is which is in a stable place for now, but where the real interest rates are. so i think investors should buy two, three, five-year treasuries because you're locking in a rate which isn't, you know, towering, but it's...
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Jan 29, 2024
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jay powell and the fed have just one tool and that is interest rates. but there are a lot of other things that affect prices in the economy. like price gouging. like supply chain tanks, like whether or not the government is investing in the economy. president biden used all of those tools. it helped bring prices down. and as i've said, what is happening now is the fed is actually increasing costs for families by keeping those interest rates high. inflation is down. come on, fed. turn it around and drop those interest rates. make it possible for a first time home buyer to get out there and get into the housing market. make it possible for someone to move out of where they are and move somewhere else. make it possible for more apartments and more rental units. make it possible so that part of the economy to get prices under better control as well. >> an important meeting this week i believe and also then the big march meeting which everyone has their eyes on to start seeing potentially a cut in rates. thank you for your time. >> you bet. >>> a new lawsuit
jay powell and the fed have just one tool and that is interest rates. but there are a lot of other things that affect prices in the economy. like price gouging. like supply chain tanks, like whether or not the government is investing in the economy. president biden used all of those tools. it helped bring prices down. and as i've said, what is happening now is the fed is actually increasing costs for families by keeping those interest rates high. inflation is down. come on, fed. turn it around...
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Jan 31, 2024
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jay powell's news conference at 2:00 p.m. eastern time.o see you. >>> time to check some of this morning's top corporate stories. silvana henao is back with those. silvana. >> hey, frank, good morning to you. a new suitor for paramount global has emerged. allen's bid comes after sources revealed to cnbc last week that david ellison's sky dans media and its financial backers are exploring a deal to take paramount global private. shares of walmart popping after announcing a three-for-one stock split, the move coming with the retail giant's shares sitting just below an all-time high. walmart says the split will let more employees buy into the company's stock purchase plan. >>> and social media ceos are set to go before the senate for a hearing committee on what they're doing and not doing to keep their platforms safe. mark zuckerberg as well as the heads of others, that hearing begins at 10:00 a.m. eastern, frank. >> silvana, thank you very much. >>> turning back to one of your morning's big money movers or two of them, i show uld say, two of
jay powell's news conference at 2:00 p.m. eastern time.o see you. >>> time to check some of this morning's top corporate stories. silvana henao is back with those. silvana. >> hey, frank, good morning to you. a new suitor for paramount global has emerged. allen's bid comes after sources revealed to cnbc last week that david ellison's sky dans media and its financial backers are exploring a deal to take paramount global private. shares of walmart popping after announcing a...
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Jan 31, 2024
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jay powell has been obsessing over this.ins concerning to you from an investor perspective? they are elevated but it seems given how far the inflation rate has come down, it seems we can live with that. >> the wage gains are growing at a slowing pace. i don't really find it too much of a risk at this point. i think the tail risk right now will be some supply chain shortages as a result of the red sea issues, the hot wars going on, that's what could cause inflation to temporarily spike. the directions lower inflation. romaine: when you consider how far we've come from 9% when you look at the core numbers and how far they have come closer to the feds target but we are not there yet, do we give the fred credit for that test the fed credit for that? >> we give the fed credit for not tightening and ending qe sooner. in q1, inflation cpi average in the 8's in the fed didn't do anything until march. at this point, we applaud the fed for the 18 month tightening campaign, moving the rates back up to 5%. the biggest mistake that could
jay powell has been obsessing over this.ins concerning to you from an investor perspective? they are elevated but it seems given how far the inflation rate has come down, it seems we can live with that. >> the wage gains are growing at a slowing pace. i don't really find it too much of a risk at this point. i think the tail risk right now will be some supply chain shortages as a result of the red sea issues, the hot wars going on, that's what could cause inflation to temporarily spike....
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Jan 17, 2024
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i'm going to suggest the fed head jay powell is an honorable man. he will not seek a third term as chair no matter who wins the presidential election and instead he wants to establish historical reputation as the guy who got the inflation back to the central bank's 2% target. it is not exactly volcker because powell as sleep for the first inflationary year but i'll bet jay powell wants to redeem himself. so caveat emptor, all you wall street doves, be careful. that's my riff tonight. by the way "breitbart"'s john carney and our very own taylor riggs will talk about this very subject later in the show. first upcoming next house judiciary chair jim jordan will tell us how he wants to stop the non-stop snooping of federal agencies into our financial, political, religious, private lives. i say drain the swamp. jordan says drain the swamp. trump says drain the swamp and stick with "kudlow." we are swamp drainers. and we'll be right back. ♪ (♪) (♪) (♪) (♪) (♪) (♪) get over here kids. time for today's lesson. wow. -whoa. what are those? these are humans. t
i'm going to suggest the fed head jay powell is an honorable man. he will not seek a third term as chair no matter who wins the presidential election and instead he wants to establish historical reputation as the guy who got the inflation back to the central bank's 2% target. it is not exactly volcker because powell as sleep for the first inflationary year but i'll bet jay powell wants to redeem himself. so caveat emptor, all you wall street doves, be careful. that's my riff tonight. by the way...
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Jan 31, 2024
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jay powell is someone that seems to want to keep his options open.his is something he wants to see before rushing to cut rates. chair powell: we want to see more good data. it is not that we are looking for better data. we are looking for a continuation of good data. an example is the six months of good inflation data. is that sending us a true signal that we are in fact on a path, a sustainable path, to 2% inflation? annabelle: let's get more on the fed decision with our next guest, thomas honecker, a former kansas city fed president and now a distinguished fellow at the carter center. did anything stand out to you from today's meeting as a surprise or from the press conference? thomas: the only surprised to me -- surprise to me was markets seemed surprised. to me it has been clear they would not raise rates today and not be in a rush to do it in march. number one, the u.s. economy is growing well. even above trend the last half year. inflation is coming down. year-over-year basis it is well over 2%. that's what they are looking at. the labor market
jay powell is someone that seems to want to keep his options open.his is something he wants to see before rushing to cut rates. chair powell: we want to see more good data. it is not that we are looking for better data. we are looking for a continuation of good data. an example is the six months of good inflation data. is that sending us a true signal that we are in fact on a path, a sustainable path, to 2% inflation? annabelle: let's get more on the fed decision with our next guest, thomas...
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Jan 31, 2024
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take issue with that and give jay powell a bone and say there's inflation and you've exceeded what to have expected that and going over three month time for pce and under 2% and six months and heavyweights done a great job. look at ups laying off 12,000 people. the jolts report and number went up and if you read what "the wall street journal" came out with yesterday, it's like the quits number really went down a lot and that means people are not quitting and they're not quitting because they find it difficult to find another job. i have two kids in the job market and a lot of their friends are seeing johns offered to them and pulled back or rescind and pushed out six months. i'm not so sure the economy is as strong as jay thinks it is and i'll take issue with that a bit. liz: wouldn't throw him a bone. really quickly. >> there's a soft landing and now we've got to keep it and prevent the job market from normalizing. liz: he did not agree. are we ready to say there's a soft landing? hear what he said about that in just a second. gabriella, great to have you and andy brenner as always.
take issue with that and give jay powell a bone and say there's inflation and you've exceeded what to have expected that and going over three month time for pce and under 2% and six months and heavyweights done a great job. look at ups laying off 12,000 people. the jolts report and number went up and if you read what "the wall street journal" came out with yesterday, it's like the quits number really went down a lot and that means people are not quitting and they're not quitting...
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Jan 31, 2024
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so jay powell is going to be talking today. they're releasing a statement.eal question is are they going to cut rates today? and if you look at where markets are placing these odds, they do not think it's going to happen today. so this is where markets are today. you know, 98% chance there is no change. however, as you pointed out, the fed has signaled it may start cutting rates at some point this year. a lot of market participants think, you know, there's a pretty decent chance that they'll start cutting as soon as march. 40% chance or so. and so they will be paying very careful attention to what's in that statement. any tiny tweak of verbage in that statement to indicate their timing as well as the press conference that happens later today at 2:30 when chairman powell will be taking questions from journalists about how he's viewing the state of play and how he views the economy. now the question about what this means for consumers is a great one. so, interest rates, what the fed controls has a lot of knock-on effects for other consumer products. so things
so jay powell is going to be talking today. they're releasing a statement.eal question is are they going to cut rates today? and if you look at where markets are placing these odds, they do not think it's going to happen today. so this is where markets are today. you know, 98% chance there is no change. however, as you pointed out, the fed has signaled it may start cutting rates at some point this year. a lot of market participants think, you know, there's a pretty decent chance that they'll...
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Jan 10, 2024
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larry: big question, jay powell, fed head, is he going political?l he juice joe biden's re-election? pump up the money supply, start slashing interest rates left and right? good question, joining us now judy shelton, senior fellow at the independent institute and former trump economic advisor. and also with us right here on set giving me lots of company, steve forbes, forbes media chair and editor-in-chief, author of, inflation, what it is, why it is bad and how not to fix it during an election year. sorry, i was paraphrasing. first of all happy new year to both of you. judy shelton, is jay powell going to goose the money supply, crash interest rates, elect joe biden, is that what is going to happen here? >> well, larry you're not allowed to even ask those questions in polite company. larry: uh-oh, uh-oh. >> i do think the market noticed at the december press conference chair powell took a decidedly dovish tone. he had always insisted that the fed was going to be very strict and keep interest rates at a level that would cut off growth, to decrease d
larry: big question, jay powell, fed head, is he going political?l he juice joe biden's re-election? pump up the money supply, start slashing interest rates left and right? good question, joining us now judy shelton, senior fellow at the independent institute and former trump economic advisor. and also with us right here on set giving me lots of company, steve forbes, forbes media chair and editor-in-chief, author of, inflation, what it is, why it is bad and how not to fix it during an election...
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Jan 4, 2024
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jay powell is a card-carrying republican who was initially appointed by donald trump. particularly partisan at all, but i don't think he is doing this to help joe biden. kriti: it's interesting when you talk about jay powell and his initial iteration under president trump, he actually was advocating for insurance cuts at a time when they are talking about the trade war. we could dive into this for hours, but john authers, we have to leave it there, he is our senior editor and opinion columnist. not to mention a 29-year veteran of the financial times. stick with us. this is bloomberg. ♪ kriti: welcome back to "bloomberg daybreak: europe." as we sign off, i want to put one chart on your radar talking about the liquidity story. we spent 10 minutes diving into it with john authers. this is the takeaway, in yesterday's fomc minutes, there was the big conversation about how you put a pause on some of this quantitative tightening. you are seeing the bank reserves at $3.5 trillion, well above the levels in 2022. when do you stop that qt, and what kind of dislocation doesn't cr
jay powell is a card-carrying republican who was initially appointed by donald trump. particularly partisan at all, but i don't think he is doing this to help joe biden. kriti: it's interesting when you talk about jay powell and his initial iteration under president trump, he actually was advocating for insurance cuts at a time when they are talking about the trade war. we could dive into this for hours, but john authers, we have to leave it there, he is our senior editor and opinion columnist....
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jay powell and company have their hands full.y may do next. if you had a chance to talk to jay powell and the folks at fomc, what advice would you give them? >> the problem with the fed right now, if i can be, i don't think these people are the right people to be the fed, to be honest with you but what you want to do is control the fed's balance sheet. don't go out buying bonds and creating monetary base all over the place. you don't want to do that. you want to gradually and slowly reduce the size of the federal reserve's balance sheet way down. it was, i forget in 2008 it was 800 billion. now it is six 1/2 or seven trillion. that is just not smart, good economics. and they're trying to, they're trying to play the economy, gauge it. these people aren't qualified to do that. eastern paul volcker wasn't. paul volcker did the best job ever. alan greenspan did a great, great job. mcchesney martin was phenomenal. go back to those it's stability, it is stable. let these things grow slowly and properly and keep a lid on the process so
jay powell and company have their hands full.y may do next. if you had a chance to talk to jay powell and the folks at fomc, what advice would you give them? >> the problem with the fed right now, if i can be, i don't think these people are the right people to be the fed, to be honest with you but what you want to do is control the fed's balance sheet. don't go out buying bonds and creating monetary base all over the place. you don't want to do that. you want to gradually and slowly...
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Jan 11, 2024
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jay powell seems to be leaning further away from that.till waiting for a bigger division to really be seen. what does that mean in terms of the readthrough into the rest of the world? is this when we start to see a division between the u.s. and some of these other economies? jill: that is possible. we have to look to see whether there is a consolidation once we get to the fed meeting at the end of this month. whether we start to see a clear trajectory toward when we might actually expect a put. you mentioned the rest of the world. it is a difficult time when no matter where you are, if you are the ecb you are dealing with some similar but obviously somewhat different issues than what the fed is dealing with. maybe you start to see a bit of a division or diversions as you get into the rest of this year. we are very early in 2024. we have to see what ends up happening. it does not change the case that all eyes are on when the first fed cut is going to end up happening this year. kriti: and do you start to see the rest of them follow? bloomb
jay powell seems to be leaning further away from that.till waiting for a bigger division to really be seen. what does that mean in terms of the readthrough into the rest of the world? is this when we start to see a division between the u.s. and some of these other economies? jill: that is possible. we have to look to see whether there is a consolidation once we get to the fed meeting at the end of this month. whether we start to see a clear trajectory toward when we might actually expect a put....
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Jan 31, 2024
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eastern followed by chairman jay powell's press conference at 230.e with rate hikes, willing to great heights off the table and willie suggests that rate cuts are coming. i spoke with chief economic nick timiraos on this program on what he expects to hear from powell, watch. >> one question how do they massage the language in the statement and how does jay powell the chair playthings at the press conference last time he struck people as more devilish than they expected, we did talk about rate cuts today in the market reacted to that, that could lead to be a little bit more careful. we will see he has every reason to keep his options open and will be up to us in the press to penn him down. maria: joining us security ahead of u.s. rates gregory for a narrow, great to be here, what you expected it. >> i think nick has it right, 2:00 o'clock will look at the statement. the chairman owes it to the market to take the tightening bias out, they're not saying they could raise rates anytime soon but the biases still in there. given what we saw in november and
eastern followed by chairman jay powell's press conference at 230.e with rate hikes, willing to great heights off the table and willie suggests that rate cuts are coming. i spoke with chief economic nick timiraos on this program on what he expects to hear from powell, watch. >> one question how do they massage the language in the statement and how does jay powell the chair playthings at the press conference last time he struck people as more devilish than they expected, we did talk about...
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Jan 3, 2024
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remember the dovish press conference from jay powell?eeting, but the data around that continues to be solid. him reinforcing that risk may be. let's talk about those fed minutes and what they will tell the markets about just how many rate cuts we will get this. year andwhere they will start chief u.s. economist joining us now. the south was that jay powell was dovish but that the data is strong. listening to plenty of people talk about the economy, how do these things fit together with what we. and are going to get in the minutes? >> i think the data are showing that inflation and the labor market are moving in the right direction. that is the dual mandate. rates will move lower. but in terms of the fatah and what the fed is looking at, inflation in the labor markets are moving in the right direction. that will be the focus. in terms of what they do, the minutes, i am not sure what they will reveal. what chair powell said, many participants expressed their views, that discussion was going to happen. i think that is probably what they wil
remember the dovish press conference from jay powell?eeting, but the data around that continues to be solid. him reinforcing that risk may be. let's talk about those fed minutes and what they will tell the markets about just how many rate cuts we will get this. year andwhere they will start chief u.s. economist joining us now. the south was that jay powell was dovish but that the data is strong. listening to plenty of people talk about the economy, how do these things fit together with what we....
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Jan 30, 2024
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everybody will be watching jay powell. fed-watchers will hint, start to hint they will have quantitative tightening. obviously jay powell has to alert us before they give cuts, right? they have to give some sort of a signal? >> the fed has completely lost control of its messages because at the last fomc press conference, powell said quote, unquote, we're not talking about slowing down qt. in the the minutes of the meeting three weeks later there was a big discussion slowing down qf. i just don't know what to believe anymore. i don't know what they believe they want us to believe but i will tell you this, when you're in a emergency, when you're in a banking crisis like 2009, when you're in a global shutdown like 2020 it makes all the sense in the world for the fed to do qe. it really is e, easing. taking duration out of the market buying long-term bonds. but when times are normal like they are right now reducing the fed's balance sheet is not qt. it is not tightening. right now nobody cares about risk. it is not a problem.
everybody will be watching jay powell. fed-watchers will hint, start to hint they will have quantitative tightening. obviously jay powell has to alert us before they give cuts, right? they have to give some sort of a signal? >> the fed has completely lost control of its messages because at the last fomc press conference, powell said quote, unquote, we're not talking about slowing down qt. in the the minutes of the meeting three weeks later there was a big discussion slowing down qf. i...
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Jan 26, 2024
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maybe right now jay powell's having his cake and eating it too.everything he wants, right? labor up a little, unemployment edging a little bit higher, the pace of inflation edging a little bit lower, nothing seems to be falling apart, you know? immaculate, you know, recovery herement -- here. can it, in your opinion, can it last? is this a flash in the pan? is it a moment many time, or is is this something, a new sort of reality? is there a new reality that you can throw trillions of dollars at a problem and ease your way out of it later? >> well, i think that this is -- well, the inflation softening is real. it's coming off. we're going to get back to 2% -- charles: it was always going to soften i guess, no matter what, right? if we get these spike ifs, but again -- spikes, but can it stay at this sort of goldilocks level without anything breaking at all? >> well, that's really dependent if upon how long the fed keeps interest rates elevated. once the fed starts cutting rates, you're going to see mortgage rates continue to fall. that may reinvigo
maybe right now jay powell's having his cake and eating it too.everything he wants, right? labor up a little, unemployment edging a little bit higher, the pace of inflation edging a little bit lower, nothing seems to be falling apart, you know? immaculate, you know, recovery herement -- here. can it, in your opinion, can it last? is this a flash in the pan? is it a moment many time, or is is this something, a new sort of reality? is there a new reality that you can throw trillions of dollars at...
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Jan 31, 2024
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coming, watch this. >> i think one question is how massage language in the statement then how does jayconference last time he struck people have as more dovish than expected, we sid talk rate cuts the market reacted could lead eliminate to be more careful. see see he has every season to keep options opening open up to us to try to pin them down. >> what is fed considering this morning? >> i think there are in discussion, amongst themselves going to be very interested in getting cuts on the way there are going to claim that inflation is down near 2% using pce given last six months, year-over-year, pushing hard going to talk about job cuts, going to push very hard, then say real wages when you look at fed funds rate are rising so very pushing for cuts. on the other side going to have those saying wait we've had very strong economy inflation year-over-year near 3%, pce, and the jobs, market is -- softening but still adding jobs, and unemployment, so let's wait and see that is going on. i think a lot on not just the statement that comes out but the press conference, and powell does have a
coming, watch this. >> i think one question is how massage language in the statement then how does jayconference last time he struck people have as more dovish than expected, we sid talk rate cuts the market reacted could lead eliminate to be more careful. see see he has every season to keep options opening open up to us to try to pin them down. >> what is fed considering this morning? >> i think there are in discussion, amongst themselves going to be very interested in...
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he implied jay powell is political person and he can be worked. to change his manuevers because of political pressure that was very important thing said about powell that could set an important framework in the next year. larry: there was something to that. i was in the white house when all that jockeying went on. you know trump is the quintessential salesman. alex, invasion, the border, that is still mr. trump's bread and butter. that was his bread and butter in 2016. you reckon that will be, i will put it next to the economy, okay? i still wonder whether that isn't going to be biggest issue as we look ahead for this year, the catastrophe at the border? you know 10,000, wait, 300,000 people coming across illegally in december alone. it is unimaginable number, alex marlow. you think that will behind up being the biggest issue? >> you must know the president very well because he said specifically the border and the economy. those are top two things on his mind. he thinks there is effort to have mass migration in this country. other countries are em
he implied jay powell is political person and he can be worked. to change his manuevers because of political pressure that was very important thing said about powell that could set an important framework in the next year. larry: there was something to that. i was in the white house when all that jockeying went on. you know trump is the quintessential salesman. alex, invasion, the border, that is still mr. trump's bread and butter. that was his bread and butter in 2016. you reckon that will be,...
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i think what question, how do they massage the language in the statement and how does jay powell the at the press conference, last time he struck people as more garbage than they expected and he said we talked about rate cuts today and the market reacted to that. that could lead him to be more careful. we will see he has every reason here to keep his options open. it'll be up to us to penn him down. maria: we will leave it there, always a pleasure. thank you, sir. >> thank you for having me. nick tim arose from the wall street journal. gm is on a roll, stock is rallying, jetblue and gm crossing the tape cheryl casone with all the numbers. >> gm, let's start with this a double beat about 24 with earnings on per-share the estimate was a dollar 16, year oh, you for year that the decline of 30% but it be on earnings-per-share they be on revenue 42.98 billion, revenue the estimate was 38.67 billion, the big? for gm, this is going to come up on the conference call what is your plan for electric vehicles yet the cruise unit debacle obviously they went all in on ev's the dealers while hybrid
i think what question, how do they massage the language in the statement and how does jay powell the at the press conference, last time he struck people as more garbage than they expected and he said we talked about rate cuts today and the market reacted to that. that could lead him to be more careful. we will see he has every reason here to keep his options open. it'll be up to us to penn him down. maria: we will leave it there, always a pleasure. thank you, sir. >> thank you for having...
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Jan 4, 2024
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host: we usually cover the conference jay powell holds after he meets with the federal reserve board members. you are listening to him and thinking what? what did he just say? at the next one, what should our viewers be listening for, what are the keywords to help them read between the lines? guest: the next meeting will be this month and they will likely leave interest rates unchanged. then he comes out and i'm usually in the room at the press conference and we in the media eskimo bunch of questions to try and parse what they are thinking. what we are looking for is does he send signals that rate cuts are on the horizon as soon as march? that looks like a possibility in a way it didn't a couple of months ago. they want to save the options and they might raise interest rates further but it's possible we see the first cut as early as march. we have these 19 officials all over the country like the federal reserve bank of different cities. they come together eight times a year to hammer out how they are thinking about things. we don't know how strong the consensus is for rate cuts. infl
host: we usually cover the conference jay powell holds after he meets with the federal reserve board members. you are listening to him and thinking what? what did he just say? at the next one, what should our viewers be listening for, what are the keywords to help them read between the lines? guest: the next meeting will be this month and they will likely leave interest rates unchanged. then he comes out and i'm usually in the room at the press conference and we in the media eskimo bunch of...
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Jan 30, 2024
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a lot of anticipation with jay powell's press conference. what do you expect?s going to be a tough press conference. they will try to walk a fine line between not ruling march out as a live meeting for a rate cut and not absolutely locking it in. they will try to keep it live and keep options open. they will not want to be too definitive. >> you said the odds are 50/50. i want to talk about the week overall. fed decision and palmyrjay powe conference and the jobs report on friday. how does that factor in? the consensus is we reached that soft landing. does the fed see it the same way? >> i think the fed is hopeful. i think they have to watch a couple of data points between now and the march meeting. the most important is february 9th. that is the cpi revision. in this case, last year we saw the cpi revision is an upward revision to the fourth quarter. the inflation picture wasn't as positive. if that were to happen again, it could really change the picture the fed is looking at here. the february 9th revisions will be incredibly crucial to how they are thinking
a lot of anticipation with jay powell's press conference. what do you expect?s going to be a tough press conference. they will try to walk a fine line between not ruling march out as a live meeting for a rate cut and not absolutely locking it in. they will try to keep it live and keep options open. they will not want to be too definitive. >> you said the odds are 50/50. i want to talk about the week overall. fed decision and palmyrjay powe conference and the jobs report on friday. how...
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Jan 30, 2024
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romaine: do you think they will have the clarity to see what comes out of jay powell's mouth or the labor market report or will we need another month, two months to piece it together? stuart: it was a price be if we end up frustrated with the fed. there is going to be a complaint one way or the other. in terms of the jobs report, if you predict something in the high range, we have seen momentum strong and this will be a continuation of that. average hourly earnings were an upside surprise so that will be some nuance below the service. if we see an upside in wages that could cloud the message from a payroll support. but i think a strong payrolls is positive for markets. romaine: the commentary out of companies that have announced layoffs like ups and management positions, microsoft, tiktok also saying they are trimming down. stuart: the ups headline catches your attention because they are exposed to u.s. growth and global trade. we have a tight labor market and the fed would like to see loosening in the labor market so in that sense, they will be happy to see corporate america loosening up
romaine: do you think they will have the clarity to see what comes out of jay powell's mouth or the labor market report or will we need another month, two months to piece it together? stuart: it was a price be if we end up frustrated with the fed. there is going to be a complaint one way or the other. in terms of the jobs report, if you predict something in the high range, we have seen momentum strong and this will be a continuation of that. average hourly earnings were an upside surprise so...
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Jan 30, 2024
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powell say about rate cuts you are watching "mornings with maria" live on fox business we'll be right back. ♪ we can make it better ♪ . dvances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. ♪ i have type 2 diabetes, but i manage it well ♪ ♪ jardiance! ♪ ♪ it's a little pill with a big story to tell ♪ ♪ i take once-daily jardiance ♪ ♪ at each day's start! ♪ ♪ as time went on it was easy to see ♪ ♪ i'm lowering my a1c! ♪ jardiance works twenty-four seven in your body to flush out some sugar. and for adults with type 2 diabetes and known heart disease, jardiance can lower the risk of cardiovascular death, too. serious side effects may include ketoacidosis that may be fatal, dehydration that can lead to sudden
powell say about rate cuts you are watching "mornings with maria" live on fox business we'll be right back. ♪ we can make it better ♪ . dvances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider...
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Jan 3, 2024
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jay powell tell us that? at any point, did jay powell say, you know what, we got to start cutting? that. and i think that one of the things that -- where did people really go wrong last year? they felt that jay powell had a hidden agenda that he was going to do. he played with the most open hand of any fed earn i can ever recall. and you just had to listen to him. if you listened to him, you got things right, and if you decided that what he was really saying was something else, you got things wrong. look, i happen to think that the world of jamie dimon is a banker, but jamie dimon was in the 6% camp. now, that was not on the agenda of powell, but it was on the agenda of dimon. and i was there when he talked about 6%, and i was like, wow, he knows more than i do. >> was that the philly -- was the philly interview? memorable. >> and that was wrong. >> yeah. we'll watch it. watch bonds today. in fact, yields up are up across the curve. ten-year continues to hug close to the 4% line with the long bond 4.12%. as we said, we'll get ism, manufacturing, in about 12 minutes. j.o.l.t.s. as w
jay powell tell us that? at any point, did jay powell say, you know what, we got to start cutting? that. and i think that one of the things that -- where did people really go wrong last year? they felt that jay powell had a hidden agenda that he was going to do. he played with the most open hand of any fed earn i can ever recall. and you just had to listen to him. if you listened to him, you got things right, and if you decided that what he was really saying was something else, you got things...
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Jan 19, 2024
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even though consumers are not following jay powell's remarks but they are responding to the interestates they see in the world around them. alix: do democrats and independents and republicans feel differently in the survey? >> it's always the case that people who belong to the party that's in the white house 10 to have more favorable levels of sentiment than the others. that's no different this month. what's interesting is that for every single demographic group which includes political identification, political parties, overall, they have higher sentiment than they did last month and they are at the same level of sentiment they were 2.5 years ago. regardless of political party, overall, consumers across the board are seeing substantial improvements over the last year. guy: there has been this issue for the democrats and the biden administration that despite a relatively good economy, consumers are not really feeling good. that has certainly been represented in terms of the polling numbers. over the last couple of months, does your data support that is changing in a big way? >> that'
even though consumers are not following jay powell's remarks but they are responding to the interestates they see in the world around them. alix: do democrats and independents and republicans feel differently in the survey? >> it's always the case that people who belong to the party that's in the white house 10 to have more favorable levels of sentiment than the others. that's no different this month. what's interesting is that for every single demographic group which includes political...
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Jan 31, 2024
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look, jay powell is rightfully cautious. he's the fed chair. he needs to be super duper careful. only need to be somewhat careful, and so i'm going to say we've had a soft landing. >> do you mean because, yjason n december of 2022 you said it was most likely not going to happen? >> it is a surprise to me, and it was a delightful surprise. i was overly pessimistic, i was wrong. i'm thrilled that's the case. >> if only every politician spoke the way you do, i was wrong and moving on. what about a recession? can we just, no recession or is that just still somewhat of a risk in 2024? i wonder if people are giving too much credit to the good gdp reports we're seeing? >> yeah, look, you should always be nervous. i took a moment to be happy there, and now you got me back to the nervous mode. >> great. >> we could have a recession. you can always have a recession. there's issues in the commercial real estate sector. borrowing rates for things like mortgages have come down in anticipation of fed cuts later this year, but they're still high. there's dramatic events around the world, especi
look, jay powell is rightfully cautious. he's the fed chair. he needs to be super duper careful. only need to be somewhat careful, and so i'm going to say we've had a soft landing. >> do you mean because, yjason n december of 2022 you said it was most likely not going to happen? >> it is a surprise to me, and it was a delightful surprise. i was overly pessimistic, i was wrong. i'm thrilled that's the case. >> if only every politician spoke the way you do, i was wrong and...
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did jay powell take his victory lap too soon? danielle dimartino booth is here later in studio to discuss. all that and more on "making money". ♪. charles: all right, so 2024 obviously starting on the back foot. it appears buyers may still be on vacation. sellers, they waited for the calendar to turn. you can see some of this might be profit-taking. what we're looking at this is not necessarily unusual in the first part of the year particularly a presidential election. but here is the good news, usually markets go up in election years, since 2050, 1950, rather, but even more so when the prior year is up more than 10%. remember last year was up huge. if history repeats itself this is just an early stumble out of the gate. of course here's the thing we to think about though? the market, right, sort of, people who missed the market last year. let's face it so many folks missed the market last year. this is where the money went, what they call risk-free assets. government bonds up 11.4%. money markets up 11%. look at stocks. money ac
did jay powell take his victory lap too soon? danielle dimartino booth is here later in studio to discuss. all that and more on "making money". ♪. charles: all right, so 2024 obviously starting on the back foot. it appears buyers may still be on vacation. sellers, they waited for the calendar to turn. you can see some of this might be profit-taking. what we're looking at this is not necessarily unusual in the first part of the year particularly a presidential election. but here is...
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Jan 11, 2024
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so the question is why should jay powell and the fed be juicing the economy?y pal kevin has sit former chair of council of economic advisors of trump administration. author of "the drift," stopping america's slide to socialism. the most important book of the 21st century. kevin, they brought inflation down but they have not gotten it down to their target and unemployment is low. we had numbers today, unemployment claims are still relatively low, why should the fed -- you said this a week or two back, and you were right, there is no reason other than politics for the fed to be juicing the economy this year? >> excuse me, larry, did you you just say i was right? frame that. hold that, yeah. no -- >> never happens. never happens. larry: you were the first guy, you were the first guy on tv to talk about that, anyway, what do you make of this? >> sorry to joke but yeah the bottom line is there is regularity in the economic date that that wage inflation if it stays high makes price inflation high because firms have to pass the higher wages on to consumers. if you lo
so the question is why should jay powell and the fed be juicing the economy?y pal kevin has sit former chair of council of economic advisors of trump administration. author of "the drift," stopping america's slide to socialism. the most important book of the 21st century. kevin, they brought inflation down but they have not gotten it down to their target and unemployment is low. we had numbers today, unemployment claims are still relatively low, why should the fed -- you said this a...
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Jan 4, 2024
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jay powell talked about that as a possibility.are right, in the past the two have been linked. at this point it is hard to say what exactly is going to happen. if we still see a strong labor economy that doesn't get any stronger -- put it that way -- then the narrative stays the same. but the fear is the phillips curve will suddenly go vertical, and be nonlinear, and therefore we will have a problem one way or another, either unemployment goes way up, in which case the fed has to cut rates, or unemployment stays flat, in which case maybe we stay on this policy path. katie: add it altogether and we have a lot to look forward to at 8:30 a.m. tomorrow. rate discussion, you guys. that is liz mccormick and mike mckee. this is bloomberg. ♪ katie: u.s. stocks are trying to claw back gains after those adp numbers earlier today. abigail doolittle is tracking the moves. abigail: up about .2% for the s&p 500. breaking for the future say four--- futures a four-day losing streak. let's see whether these gains whole. they are pretty small. the
jay powell talked about that as a possibility.are right, in the past the two have been linked. at this point it is hard to say what exactly is going to happen. if we still see a strong labor economy that doesn't get any stronger -- put it that way -- then the narrative stays the same. but the fear is the phillips curve will suddenly go vertical, and be nonlinear, and therefore we will have a problem one way or another, either unemployment goes way up, in which case the fed has to cut rates, or...
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Jan 19, 2024
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i somehow have more confidence in jay powell and i don't think he'll push the feds to slash rates to juice the economy. i'll give you another whack at that one. i don't know. >> right, you got me thinking about this when we talked last week, and i just put a piece in the natural review today on this very topic. if you go through the bones of inflation number, inflation is accelerating and the fed has a thing called super core they look at really closely. super core right now is running at annual rate of 4.9%. that's in the cp and i recollects that and strong economic growth, it'd be crazy for the fed to cut rates and futures markets say they're cutting rates at every meeting between may and the election. and i think it's the case that markets think fed will be partisan and jay powell, i think there's a reckoning in fed markets and the data doesn't allow. if the fed moves, they've been captured bipartisan and there's no other reason. unless the data turns a lot between now and may, i don't think that's going to happen. larry: one more point, we have sound from joe biden selling bideno
i somehow have more confidence in jay powell and i don't think he'll push the feds to slash rates to juice the economy. i'll give you another whack at that one. i don't know. >> right, you got me thinking about this when we talked last week, and i just put a piece in the natural review today on this very topic. if you go through the bones of inflation number, inflation is accelerating and the fed has a thing called super core they look at really closely. super core right now is running at...
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Jan 31, 2024
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when jay powell actually answers questions to the press, he then sort of breaks script and you'll get a sense of where the mind-set is. we've got from no rate cut in massachusetts to a full rate cut priced into now less than 50-50 to now, you know, negligible. so i think our base case scenario is we're probably going to see a rate cut in may, probably june, and you'll -- then it'll come through in the q & a session with powell. >> rami, when you think about your investment thesis for 2024, to what extent is that contingent on the fed actually delivering on the rate cut expectations, on the four or five rate cuts pencilled into the market at this point? >> listen, that's a great point. the -- right now the market is stretched in the sense that it's quite aggressively pricing in rate cuts. we still see positive earnings yield of around 2% of bonds. so equities are still favored. that being said, there's not much margin there if the fed does not cut as aggressively as the market is pricing in. what we're looking for in terms of earnings for our clients and for our portfolios is signs tha
when jay powell actually answers questions to the press, he then sort of breaks script and you'll get a sense of where the mind-set is. we've got from no rate cut in massachusetts to a full rate cut priced into now less than 50-50 to now, you know, negligible. so i think our base case scenario is we're probably going to see a rate cut in may, probably june, and you'll -- then it'll come through in the q & a session with powell. >> rami, when you think about your investment thesis for...
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quick question about jay powell.think the fed chair or will try to help biden this year by keeping rates low? >> no question, stuart. my belief is that he does not want to work for donald trump again although trump did appoint him. i think powell is actually very politically motivated. we've talked about this before, his absence to even say anything about all the print and spend politics that's been going on here. we're running massive, massive deaf deficits. but as we look at '24 right now, i think he's going to do everything in his power to empower the dnc. who knows if biden actually gets mom nawsmghts it doesn't seem like it. but what we'll ultimately find out, you know, what he's going to do, and i think he's going to end up remaining higher for longer as, you know, we just got this really strong unemployment report. you can't cut -- stuart: yeah. you can't cut rates anytime soon when you've got a jobs report like that. last one real fast, david, what are you -- what have you bought if on the stock market so far
quick question about jay powell.think the fed chair or will try to help biden this year by keeping rates low? >> no question, stuart. my belief is that he does not want to work for donald trump again although trump did appoint him. i think powell is actually very politically motivated. we've talked about this before, his absence to even say anything about all the print and spend politics that's been going on here. we're running massive, massive deaf deficits. but as we look at '24 right...
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Jan 26, 2024
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i think they wait, they wait another meeting, just to make sure once again, i know jay powell has the memory of arthur burns and doesn't want to repeat the proverbial 1970s i don't think they will. technology is such a big part of the s&p and such a big part of earnings when the mega caps really start to print -- to start coming out with earnings, i think they will be good. i think they will be ebullient in their conversation around ai. i think that's really when things will start fleshing out the biggest date will be february 21st when nvidia comes out. to me, that's the pivotal moment if we can continue to go higher in tech or start to take a breather >> you know, jenny, i almost feel like we need to get away from this idea i think the market is telling you that in some respects, that a strong economy means the fed is worried inflation will come back bryn makes the arthur burns reference from the 1970s, et cetera, when the evidence would almost suggest otherwise because the economy is strong, the data continues to be good, and inflation continues to go down the pce is the latest evi
i think they wait, they wait another meeting, just to make sure once again, i know jay powell has the memory of arthur burns and doesn't want to repeat the proverbial 1970s i don't think they will. technology is such a big part of the s&p and such a big part of earnings when the mega caps really start to print -- to start coming out with earnings, i think they will be good. i think they will be ebullient in their conversation around ai. i think that's really when things will start fleshing...
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Jan 29, 2024
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more importantly jay powell, the press conference he is a very tight rope, inflation is rolling overnd come down below the fed expectation for year end of 2.4% the economy is resilient but at the same time he's going to say were to be very data dependent he could not say we're going to cut rates sooner than you expect market because we could create another asset bubble under bubble watch the meeting on wednesday. liz: i'm sure you definitely agree that the fed matters this much, it does. it has the biggest muscle to move the market and yet i have to stress anybody waiting for six interest-rate cuts hugely disappointed, even goldman sachs is saying three cuts this year. >> i think the real test for the federal reserve comes during the first half of 2024. 2023 we saw the economy grow and inflation to moderate. the fed is forecasting the economy to slow to 1.4% this year and stay below a 2% growth all the way through the end of 2026 but they need to see a couple of consecutive quarters of the slowing economy, slowing even more so than the fourth quarter before they cut interest rates. l
more importantly jay powell, the press conference he is a very tight rope, inflation is rolling overnd come down below the fed expectation for year end of 2.4% the economy is resilient but at the same time he's going to say were to be very data dependent he could not say we're going to cut rates sooner than you expect market because we could create another asset bubble under bubble watch the meeting on wednesday. liz: i'm sure you definitely agree that the fed matters this much, it does. it has...
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powell spoke that jay powell made quite a significant doveish pivot but after reviewing the fomc's notest looked like it wasn't quite as doveish as investors may have believed. cheryl: we're going to get a lot of jobs data today. we're going to get obviously adp at 8:15, claims at 8:30 of, ryan. november job openings hit the lowest level we've seen since march of 2021. and then indeed is reporting that job listing on its site have fallen more than 15%. that was last year. journal is writing what basically finding a new job is getting harder. so where are we at with the labor market? this also kind of plays into whether the fed ends up doing this year. >> the fed needs the labor market to cool off. if they want to get to their target levels. i think we're starting to see that. i think that's what some of the policy makers are concerned about. if they're too aggressive, too restrictive in their policy they kind of want to avoid that and get that perfect soft landing. i think it's going to be very difficult to do that. they're either going to stay too restrictive too long or they're going t
powell spoke that jay powell made quite a significant doveish pivot but after reviewing the fomc's notest looked like it wasn't quite as doveish as investors may have believed. cheryl: we're going to get a lot of jobs data today. we're going to get obviously adp at 8:15, claims at 8:30 of, ryan. november job openings hit the lowest level we've seen since march of 2021. and then indeed is reporting that job listing on its site have fallen more than 15%. that was last year. journal is writing...
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Jan 31, 2024
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the fed and jay powell are probably making a mistake not going in march and going to have to catch up later. melissa? >> i'm just -- mind boggling to me, steve, they're going to price in 50 later on. in terms of the statement and what stood out to me was the change in language surrounding the description of the banking system, there was language in it before, and with new york community bank now on the radar, i'm wondering how you perceive that change. >> yeah, might have bun of those things where they jinxed it on the very day that the fed removed that concern about bank tightening. you did have concern with new york community bank. that sent earlier in the day the whole regional banking index lower, as well as raising the probability of a march rate cut, so that was interest, did it today. we'll have to see if that creates other issues that are out there. but overall, melissa, i like your comment at the top, it was pretty well expected. i was surprised that powell shut the door so definitively on that march cut, but the result is that, what happened is, the market said, okay, you're
the fed and jay powell are probably making a mistake not going in march and going to have to catch up later. melissa? >> i'm just -- mind boggling to me, steve, they're going to price in 50 later on. in terms of the statement and what stood out to me was the change in language surrounding the description of the banking system, there was language in it before, and with new york community bank now on the radar, i'm wondering how you perceive that change. >> yeah, might have bun of...
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Jan 31, 2024
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chairman jay powell said the central bank will probably not begin cutting interest rates in march butymakers said they expect to cut rates later this year. u.s. media are reporting aid advisor will take over as u.s. climate envoy after john kerry steps down. he is currently an advisor on clean energy and previously served as campaign manager for hillary clinton's presidential bid back in 2016. tiktok might not have all the music options you are used to seeing going forward. that is because universal music is threatening to pull millions of songs by artists including taylor swift and drake from tiktok after talks about money broke down. the music giant says the chinese owned firm wanted to pay a fraction of the royalties other social media sites already agreed to. tiktok as described universal's position as follows. remember you can always find more on all the day's news at our website, bbc.com/news. to see what we are working on any time, check us out on your favorite social media site. you can also download the bbc news app. thank you for watching "world news america." stay with us.
chairman jay powell said the central bank will probably not begin cutting interest rates in march butymakers said they expect to cut rates later this year. u.s. media are reporting aid advisor will take over as u.s. climate envoy after john kerry steps down. he is currently an advisor on clean energy and previously served as campaign manager for hillary clinton's presidential bid back in 2016. tiktok might not have all the music options you are used to seeing going forward. that is because...
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Jan 11, 2024
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jay powell's north star is still 2 inflation. how long will it take to get there?ut the core rate ticked down, and the federal reserve watches the core rate as opposed to the headline rate. lauren: but it's nearly double the target that they're expecting. but then look at it like this, all of last year in 20 2020 -- 2022, inflation was 6.5%. we went from 6.a 5 to 3.4% -- >> and, by the way, at the high, 9.1. so we have come a long way. stuart: so what do you think is the impact of these inflation numbers on market? kind of neutral? >> yeah. i think you characterized it well when you said -- what was the word you said, it's sort of, you know, moderate, you know? futures down a quart of a percent. it's not ideal. i'm long growth stocks. growth stocks need lower rates, so i would rather have seen a softer number, but this is a number we can live with because it'sly, as you point out, going the right direction. and all the gains have been in shelter. stuart: you've got to tell me about the other big news story in financial markets, and that is bitcoin. >> yes. stuart:
jay powell's north star is still 2 inflation. how long will it take to get there?ut the core rate ticked down, and the federal reserve watches the core rate as opposed to the headline rate. lauren: but it's nearly double the target that they're expecting. but then look at it like this, all of last year in 20 2020 -- 2022, inflation was 6.5%. we went from 6.a 5 to 3.4% -- >> and, by the way, at the high, 9.1. so we have come a long way. stuart: so what do you think is the impact of these...
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we are all in a lot of trouble except for one man, jay powell. this is what he wanted to see. meanwhile, nuclear war. all the drone strategy getting all the headlines? it's time for america to rethink its approach to nuclear war. and the culture wars, speaking of which, has gone to the next level. what does it mean for america, what does it mean for perhaps the roaring '20s? and then what is the deal with the stanley cup, folks? [laughter] i have no idea what's going on. tweet me @cbpayne if you collect the stanley cups. i think the it's nuts, but again we do that here in america. all that and so much more on "making money." ♪ ♪ charles: all right. so the session began with the first major economic report of 2024, that, of course, the release of the december jobs report. here's the deal, the number came in better than expected, it always comes in better be than expected. that's not a surprise these days. there's the something going on, the wall street con seven tusker i'm not getting into that for the show today. the media, they always fall toward maybe they're work together.
we are all in a lot of trouble except for one man, jay powell. this is what he wanted to see. meanwhile, nuclear war. all the drone strategy getting all the headlines? it's time for america to rethink its approach to nuclear war. and the culture wars, speaking of which, has gone to the next level. what does it mean for america, what does it mean for perhaps the roaring '20s? and then what is the deal with the stanley cup, folks? [laughter] i have no idea what's going on. tweet me @cbpayne if...
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Jan 26, 2024
01/24
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BLOOMBERG
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they can move it down and calibrate it is the operative word that you want to listen for jay powell next week to say, which is echoing what waller said last weekend, and is a little bit different than what powell said at the december meeting. sonali: i want to bring in a point you were making, peter, this idea that asset prices are not quite responding to any of the potential issues ahead. guggenheim was weighing in on the impact of that policy, writing that investors "should bear in mind a committed lift impact of the change in interest rates since the fed started training, because even if they fall from here, we do not see them returning to the lows of the prior cycle, and the markets exuberant response must be balanced against downside risks." where do you find those downside risks? peter: well, that's an interesting take. i tend to agree with that. one of the things we have to keep in mind is we really have come to the end of a 40-plus-year secular bull market in bonds, and it is going to be very hard for the fed to accommodate quickly enough in the case of a slowdown in the way it h
they can move it down and calibrate it is the operative word that you want to listen for jay powell next week to say, which is echoing what waller said last weekend, and is a little bit different than what powell said at the december meeting. sonali: i want to bring in a point you were making, peter, this idea that asset prices are not quite responding to any of the potential issues ahead. guggenheim was weighing in on the impact of that policy, writing that investors "should bear in mind...
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Jan 19, 2024
01/24
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FBC
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that a the only happened after jay powell took that victory lap in late october. the bulls are excited about all this cash on the sidelines, folks, and this is something we've got to talk about. $2 trillion in cds, $8 trillion in -- $6 trillion in money markets. we're also wondering if we could also be in the midst of maybe smart money slowly offsetting, right, offloading some of their stocks to an unsuspecting public chasing the market. no better person to bring in on this than yardeni research president ed yardeni. ed, aye got to start with the chip stocks. i know you've been overweight technology. they got a huge boost this week particularly after taiwan semiconductor came out with their report. i saw in your notes this week where you said the chips aren't cheap, but they're hot. finish so that brings up a dilemma. someone's not in them, do they chase hem here to -- them here? >> the fundamentals are very strong. these stocks are going up on better than expected earns and announcement of more, more improvement in those earnings in the remairnld of the year. so,
that a the only happened after jay powell took that victory lap in late october. the bulls are excited about all this cash on the sidelines, folks, and this is something we've got to talk about. $2 trillion in cds, $8 trillion in -- $6 trillion in money markets. we're also wondering if we could also be in the midst of maybe smart money slowly offsetting, right, offloading some of their stocks to an unsuspecting public chasing the market. no better person to bring in on this than yardeni...
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Jan 10, 2024
01/24
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KRON
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little later in the the 70 for this guy 3, jay powell.he 3 of you guys but his team 3 points now final possession, offensive possession of the game san jose state. how good the block. why don't begin your with sure. he liked what he saw out of. how has san jose state 81 for 76 martina a. >> so yeah, we are right back at chase center tomorrow. early tip. >> the warriors have asked me to remind everybody 5.30, tip off tomorrow chase center. instead of the usual 7. i don't know why. but don't blame the messenger. sorry. get there. happened. early thanks to. thanks to. >> see you tomorrow night. ultomiris is for adults with generalized myasthenia gravis who are anti-acetylcholine receptor antibody positive. it is lasting control over your gmg symptoms. and, ultomiris is the only long-acting gmg treatment with 8 weeks of freedom between infusions. ultomiris can lower your immune system's ability to fight infections, increasing your chance of serious, life-threatening meningococcal and other types of infections. if not vaccinated, you must rece
little later in the the 70 for this guy 3, jay powell.he 3 of you guys but his team 3 points now final possession, offensive possession of the game san jose state. how good the block. why don't begin your with sure. he liked what he saw out of. how has san jose state 81 for 76 martina a. >> so yeah, we are right back at chase center tomorrow. early tip. >> the warriors have asked me to remind everybody 5.30, tip off tomorrow chase center. instead of the usual 7. i don't know why....
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Jan 4, 2024
01/24
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KTVU
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the market, which is forward looking , heard jay powell speak a couple of weeks ago, and jay powell said're going to we're going to hold rates and we may be lowering them a little bit. the market took that well beyond what he said. he was dovish and the market just they ran with it. >> they were excited for it. >> so the market believes there's going to be eight eight rate changes going forward. at morgan stanley. we believe four, which i think is still pretty aggressive. that lowers it about a point. but when the federal reserve lowers the rate, the market looks at that. and they expect a company to be more profitable. so if the rate discount that the banks are charging the tech companies, for example, to borrow money, if they're not showing more profitability, then we got a false positive and what we paid for these tech companies and that you're kind of seeing this in the market today. it kind of pulled back a little bit because we were we had the santa claus rally. well santa claus has gone back to the north pole now. and so now we're starting to look at facts and figures and reality.
the market, which is forward looking , heard jay powell speak a couple of weeks ago, and jay powell said're going to we're going to hold rates and we may be lowering them a little bit. the market took that well beyond what he said. he was dovish and the market just they ran with it. >> they were excited for it. >> so the market believes there's going to be eight eight rate changes going forward. at morgan stanley. we believe four, which i think is still pretty aggressive. that...
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Jan 17, 2024
01/24
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CNBC
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jay powell says i'm data driven. me what the data is going to be. >> they're not going to make the next decision until march. so they're having a meeting in january, but they'll look at the data and wait until march before they do anything almost certainly. the concern that i this is that when you get into a presidential election year, it is very difficult to cut rates when you're right in the middle of a presidential election season because the party out of power will say, well, you're trying to help the party in power. jay powell is a republican, he's not trying to help biden, but he's trying to do what is right for the country. if he's trying to cut rates significantly in october, november, december, before the election in november, people say you're helping the democrats and i don't think he wants that. >> we have a whole philips curve, we don't know if we believe that anymore we had a conversation, the fed, maybe if it focused solely on inflation, that would be one thing. but when it almost seems like they won't
jay powell says i'm data driven. me what the data is going to be. >> they're not going to make the next decision until march. so they're having a meeting in january, but they'll look at the data and wait until march before they do anything almost certainly. the concern that i this is that when you get into a presidential election year, it is very difficult to cut rates when you're right in the middle of a presidential election season because the party out of power will say, well, you're...
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Jan 10, 2024
01/24
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KGO
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jay powell says no as win 8178. all canada sharks searching for a win.ad two assists nicolas robertson it's a power play goal and this face tells the story. sharks dropped their 12th straight seven one sports on abc seven, sponsored by if you have heart failure, entrust your heart to entresto. entresto helps improve your heart's ability to pump blood to the body. don't take entresto if pregnant; it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or aliskiren, or if you've had angioedema with an ace or arb. the most serious side effects are angioedema, low blood pressure, kidney problems, or high blood potassium. ask your doctor if entresto is right for you. >>> previously on "jimmy kimmel live" -- >> hit him with that stick. he ain't gonna hurt you. >> aah! >> lou: from hollywood, it's "jimim
jay powell says no as win 8178. all canada sharks searching for a win.ad two assists nicolas robertson it's a power play goal and this face tells the story. sharks dropped their 12th straight seven one sports on abc seven, sponsored by if you have heart failure, entrust your heart to entresto. entresto helps improve your heart's ability to pump blood to the body. don't take entresto if pregnant; it can cause harm or death to an unborn baby. don't take entresto with an ace inhibitor or...
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Jan 4, 2024
01/24
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CSPAN
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host: we usually cover the conference jay powell holds after he meets with the federal reserve board members. you are listening to him and thinking what? what did he just say? at the next one, what should our viewers be listening for, what are the keywords to help them read between the lines? guest: the next meeting will be this month and they will likely leave interest rates unchanged. then he comes out and i'm usually in the room at the press conference and we in the media eskimo bunch of questions to try and parse what they are thinking. what we are looking for is does he send signals that rate cuts are on the horizon as soon as march? that looks like a possibility in a way it didn't a couple of months ago. they want to save the options and they might raise interest rates further but it's possible we see the first cut as early as march. we have these 19 officials all over the country like the federal reserve bank of different cities. they come together eight times a year to hammer out how they are thinking about things. we don't know how strong the consensus is for rate cuts. infl
host: we usually cover the conference jay powell holds after he meets with the federal reserve board members. you are listening to him and thinking what? what did he just say? at the next one, what should our viewers be listening for, what are the keywords to help them read between the lines? guest: the next meeting will be this month and they will likely leave interest rates unchanged. then he comes out and i'm usually in the room at the press conference and we in the media eskimo bunch of...
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0.0
Jan 6, 2024
01/24
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KRON
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and the fact is, is that the federal reserve, jay powell, came out a couple of weeks ago and said we're going to hold on the interest rates because inflation is starting to come down and then we're going to start production is now the stock market took off on that incredibly and its peak in about 8 reductions in the federal reserve rate, which at morgan stanley, we think there may be too, and probably not in march is a market anticipating probably later on. farmers are want to make sure that we really are getting inflation down. so was a lot to do with this. what do you see as i mean, 2023 was a pretty good year for people have 4, 1, k's that kind of thing. >> as we start to look at 2024, shaping up. it's an election year is going to be more turmoil. how do you think things are going to shake out and fletcher is economy. it's expected to be slow growth. we're going to have a gdp at the end of the issue 2023 coming in at about 2.2. and we think our gdp or gross domestic product will be. and that's a report card for the whole year. a 2024 will be about half of that. having said that, we y
and the fact is, is that the federal reserve, jay powell, came out a couple of weeks ago and said we're going to hold on the interest rates because inflation is starting to come down and then we're going to start production is now the stock market took off on that incredibly and its peak in about 8 reductions in the federal reserve rate, which at morgan stanley, we think there may be too, and probably not in march is a market anticipating probably later on. farmers are want to make sure that we...