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Apr 8, 2024
04/24
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we have a new accident on 101 just as you approach mckee going northbound. that's caused a lot of problems going northbound from 85 to 87 takes you about 23 minutes. starting to see some issues on the roads. we'll get a wrap-up in a few minutes. >>> good morning. very happy monday to you. we got another blowout jobs number on friday, more than 300,000 jobs added to the economy last month. unemployment rates fell and that has investors somewhat worried the fed may not cut as soon or as often this year. tsmc, taiwan semiconductor manufacturing company, the white house expected to announce a $6 billion grant under the chips act to that company. the chipmaker wants to build a $65 billion facility in arizona. >>> treasury secretary janet yellen wrapping up a four-day visit to china. no policy changes. america and china are trying to balance competition with cooperation. this is her second trip to china in nine months. >>> president biden is expected to announce huge changes to student loan forgiveness, including forgiving all accumulated interest on some loans. w
we have a new accident on 101 just as you approach mckee going northbound. that's caused a lot of problems going northbound from 85 to 87 takes you about 23 minutes. starting to see some issues on the roads. we'll get a wrap-up in a few minutes. >>> good morning. very happy monday to you. we got another blowout jobs number on friday, more than 300,000 jobs added to the economy last month. unemployment rates fell and that has investors somewhat worried the fed may not cut as soon or as...
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Apr 28, 2024
04/24
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nancy mckee tries to lure new businesses and life to phillips county. would you say broadband and the lack of it is pretty much the nail in the coffin with every conversation you have? and they say, which of these buildings has, you know, pretty good fiber in and i'm like, none. zero. they just kind of look at me like, what? where am i? is this prehistoric? it would cost $550 dollars to finish covering arkansas with fiber and many rural officials don't have time to pursue federal and state broadband grants. mckee says it's time for a federally funded work program to lay that fiber, because all of a sudden, you're growing, right? what happens when you grow? oh, well, you get a new neighborhood. oh, well, you get a whole new development area development that would mean higher paying jobs. so people can grow in small towns as we reimagine our lives and our futures. here in elaine, it's going to have to start with broadband in phillips county, arkansas. i'm dina demetrios for matter of fact, still ahead on matter of fact, this unique boat is no cruise ship.
nancy mckee tries to lure new businesses and life to phillips county. would you say broadband and the lack of it is pretty much the nail in the coffin with every conversation you have? and they say, which of these buildings has, you know, pretty good fiber in and i'm like, none. zero. they just kind of look at me like, what? where am i? is this prehistoric? it would cost $550 dollars to finish covering arkansas with fiber and many rural officials don't have time to pursue federal and state...
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Apr 9, 2024
04/24
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michael mckee is here to break it all down. michael: it has been an issue for american consumers for some time, grocery prices going out. lots of complaints from people who fill their shopping carts and pay a lot more money. the good news is grocery prices are going down, at least up at a much more slow rate. you look at what has happened the last couple years, and yes, we did see prices rise along with general inflation, 11.4% in 2022. as of last month they were rising 2.2% a year. you see a little bit of what goes on, when commodity prices rise those push up food prices. they have come down son, and food prices are coming down some. we will see what we see tomorrow in terms of the march numbers. the other thing you look at is why consumers have been upset. that's easy, food prices have gone up and they stay at those higher rates. when you look at what happens over time, food prices like everything else are always going up. that is the top white line there. that is the index. that shows you what happens to food prices overall.
michael mckee is here to break it all down. michael: it has been an issue for american consumers for some time, grocery prices going out. lots of complaints from people who fill their shopping carts and pay a lot more money. the good news is grocery prices are going down, at least up at a much more slow rate. you look at what has happened the last couple years, and yes, we did see prices rise along with general inflation, 11.4% in 2022. as of last month they were rising 2.2% a year. you see a...
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Apr 12, 2024
04/24
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michael mckee joins us to break it down. mike: if you did not like the cpi report you will not like the sentiment report because it shows some on mooring of inflation expectations. the one year ahead inflation expectation jumps to 3.1% from 2.9%. five to 10 year from 3% to 2.8%. enable -- maybe gas prices reflecting that. the sentiment number goes up a little overall -- actually falls, rather, to 77.9, current conditions to 82.5. so in march, we saw consumer sentiment rise little bit and inflation expectations were steady. now there is more concerned perhaps about the economy going forward and certainly more concerned about inflation. sonali: we know expectations here are everything and more than the expectations of prices to climb at an annual rate of more than 3% over the next year, basic costs rising over the next five to 10 years. what does this mean for longer-term expectations here? mike: it's going to be a question of this is followed through and what we see in markets. as long as they don't price this and, things are
michael mckee joins us to break it down. mike: if you did not like the cpi report you will not like the sentiment report because it shows some on mooring of inflation expectations. the one year ahead inflation expectation jumps to 3.1% from 2.9%. five to 10 year from 3% to 2.8%. enable -- maybe gas prices reflecting that. the sentiment number goes up a little overall -- actually falls, rather, to 77.9, current conditions to 82.5. so in march, we saw consumer sentiment rise little bit and...
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Apr 25, 2024
04/24
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michael mckee mckee already discussed this problem of historical residuals with gdp growth. which means often times q1 and q2 tends to be weaker than the second half of the year. we need to be cautious of this as well. the question, the bigger question that i think you are trying to allude to is where is potential growth for the economy ? how fast can we grow beyond potential for this year? this is the big question mark for this year. we don't know the labor supply from migrant workers we received from last year. lisa: is this what the fed would focus on as well? with a focus more on inflationary pressures than they would slowing growth? blerina: what the fed has told us is they are not concerned about the strong growth numbers and the strong employment numbers and their focus remains inflation. in that sense, it makes sense. they will look at the gdp numbers through this lens too. at the same time, there is no new information for q1 because we have already see -- received january and february data from pce. we knew the expectations. we largely have the components of march p
michael mckee mckee already discussed this problem of historical residuals with gdp growth. which means often times q1 and q2 tends to be weaker than the second half of the year. we need to be cautious of this as well. the question, the bigger question that i think you are trying to allude to is where is potential growth for the economy ? how fast can we grow beyond potential for this year? this is the big question mark for this year. we don't know the labor supply from migrant workers we...
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Apr 3, 2024
04/24
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for mckee started his career straight out of nursing school nine years ago and worked there through the pandemic which he said took a toll on everyone. >> it is like a switch went off. pandemic is done let's go back to how things were. no, things have changed. >> the professional association represents nurses at santa clara county and said members are striking because of a lack of staffing and high patient to nurse ratio as well as for pay raises which they say will close the salary gap between county nurses and those at private hospitals. >> we made repeated effort to get it back to the table so we can reach a fair and sustainable contract. >> reporter: they held a conference earlier in the day addressing the strike. thing nurses have gotten between 30 and 42% pay increase since 2002. >> we are facing a $250 million deficit. we need a contract that is fair and sustainable for nurses and for all of the other dedicated public employees . providing critical services that county residents rely on. >> the county brought in almost 1000 purposes to keep services running. many elective surgeri
for mckee started his career straight out of nursing school nine years ago and worked there through the pandemic which he said took a toll on everyone. >> it is like a switch went off. pandemic is done let's go back to how things were. no, things have changed. >> the professional association represents nurses at santa clara county and said members are striking because of a lack of staffing and high patient to nurse ratio as well as for pay raises which they say will close the salary...
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Apr 25, 2024
04/24
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michael mckee joins us with the details. walk us through how painful that dynamic might be for the fed. slow growth, hot inflation. michael: the problem is that it is not necessarily slow growth. on a headline basis, it is. there is a lot going on under the hood. take a look at what happened. gdp came in at 1.6%. the anticipation was for something around 3, 2 .5% to 3%. underneath that, consumer spending worse than expected but still strong at 2.5%. if you do final sales, 3.1%, still very strong. business investments stay relatively strong. what it was was inventories. the inventory built very small this quarter. trade. exports were down significantly. it could be the strong dollar. imports were up specifically. that subtracted almost a full percentage point from gdp. also, federal government spending down for the first time in almost two years, probably because congress delayed passing the israel and ukraine military aid package. it was the inflation numbers that caught wall street's attention, particularly the core on a ye
michael mckee joins us with the details. walk us through how painful that dynamic might be for the fed. slow growth, hot inflation. michael: the problem is that it is not necessarily slow growth. on a headline basis, it is. there is a lot going on under the hood. take a look at what happened. gdp came in at 1.6%. the anticipation was for something around 3, 2 .5% to 3%. underneath that, consumer spending worse than expected but still strong at 2.5%. if you do final sales, 3.1%, still very...
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Apr 15, 2024
04/24
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a must watch conversation with new york fed president john williams and michael mckee. let's get an update on stories elsewhere. dani: tesla is set to cut more than 10% of its global workforce. the carmaker is grappling with a slowdown in ev demand. cuts would amount to more than 14,000 employees. in a letter to employees, elon musk cited a duplication of roles and job functions in certain areas. oil prices are using after iran's attack on israel. axios reporting the white house would not support an israeli response. some say the markets are underpricing escalation risk. >> i think it still is. we actually increased our aunts of a material disruption from arabian oil and gas flows from 30% to 40%. dani: you can watch the brief every morning. scottie sheffler has claimed his second green jacket and on his fifth start at augusta. he won by four strokes. tiger woods' score was his worst ever. jonathan: i think the fact that tiger made the cut was phenomenal given the fact that he has hardly played. iran's unprecedented attack on israel. >> it is a new middle east, a middle
a must watch conversation with new york fed president john williams and michael mckee. let's get an update on stories elsewhere. dani: tesla is set to cut more than 10% of its global workforce. the carmaker is grappling with a slowdown in ev demand. cuts would amount to more than 14,000 employees. in a letter to employees, elon musk cited a duplication of roles and job functions in certain areas. oil prices are using after iran's attack on israel. axios reporting the white house would not...
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Apr 2, 2024
04/24
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mike mckee is here to break it down. michael: if you want support for the idea the fed will be on hold longer. this is february data. the number of job openings actually rose in february according to the bls in part because the number in january was revised down so what we end up with is 8 million, 756,000 job openings in february compared with 8,748,000 in january. the initial report was 8863. it's a revision that makes the number higher. the quit rate is unchanged. 2.2% which is been the same for about four months now. other members out right now, 1.4% after a negative 3.8% decline in the month of january. durable goods as part of that 1.3% that had been reported as 1.4% but still fairly strong. none defense, the stuff that goes into gdp unchanged from the initial release at 7/10 of a percent. we saw that yesterday in the ism manufacturing numbers and we still have a lot of jobs to be filled. katie: we have a lot of jobs data to get to this week. we have adp and then of course the all-important nfp. what sets us up for
mike mckee is here to break it down. michael: if you want support for the idea the fed will be on hold longer. this is february data. the number of job openings actually rose in february according to the bls in part because the number in january was revised down so what we end up with is 8 million, 756,000 job openings in february compared with 8,748,000 in january. the initial report was 8863. it's a revision that makes the number higher. the quit rate is unchanged. 2.2% which is been the same...
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Apr 3, 2024
04/24
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. >> mike mckee breaking down the economic data. yields creeping higher on the long end and front end of the curve. work your way further out along the curve, a 10 year maturity just short of 4.40%, yields higher by three or four basis points. the 30 year up by three or four basis points. steven wieting of citi still with us. let's talk about the jobs data we got and the data we got earlier this week. this is bringing up the right question. what data should we be dependent on and should not be? how much weight would you put on manufacturing? >> i think it's been useful data. we have been looking at a manufacturing sector that's been going for a correction, that's been depressed relative to demand. it's been in recession for the last year and a half around the world. that's not terribly relevant to the u.s.. it's quite relevant to germany, to china. there are other things going on in those places as well, but coming out of that, it's hopeful for the longevity of the expansion. now, again, what happens in services or what's going to h
. >> mike mckee breaking down the economic data. yields creeping higher on the long end and front end of the curve. work your way further out along the curve, a 10 year maturity just short of 4.40%, yields higher by three or four basis points. the 30 year up by three or four basis points. steven wieting of citi still with us. let's talk about the jobs data we got and the data we got earlier this week. this is bringing up the right question. what data should we be dependent on and should...
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Apr 9, 2024
04/24
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joining us for more is bloomberg's mike mckee. how consequential are these numbers? mike: they will have a lot of impact, particularly the markets . this is the last cpi they will get before the beating, it will definitely figure into their thinking. it could make the case that the folks at state street are trying to make, the economy is weaker than they thought. they won't cut 50 basis points unless we get a big drop in inflation and inflation is expected to drop, but only a bit. the headline and the core are forecast to drop to 3/10 for the month, sending the core down on a year-over-year basis. the headline, driven by base and energy, is supposed to rise, not something that would give the fed permission to move. the one thing we will be watching within that, a couple of things we will be watching, obviously, we will be watching used cars, we always do, and i was a, but goods versus services has been a disinflationary impulse. they have been falling for a while but if you noticed, last month they rose a little bit. does that continue? it could drive one way or the
joining us for more is bloomberg's mike mckee. how consequential are these numbers? mike: they will have a lot of impact, particularly the markets . this is the last cpi they will get before the beating, it will definitely figure into their thinking. it could make the case that the folks at state street are trying to make, the economy is weaker than they thought. they won't cut 50 basis points unless we get a big drop in inflation and inflation is expected to drop, but only a bit. the headline...
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Apr 16, 2024
04/24
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michael mckee has information for you in washington, d.c. michael: we have some negative economic news for a change. housing starts and building permits down on the month or than forecast. housing starts on a month over month basis down 14.7%. the forecast was for a 2.4% decline. they have grown 10.7 percent the month before so now we are at a 1,000,300 21,000 pace annualized pace for 1,521,000. the forecast was for a 9/10 drop. so not clear if this is the weather or just a rebound effect, but it is one of the first indicators we have seen in a while that suggest a little slower growth in the first quarter. these are march numbers. jonathan: can we talk about fed officials as well? later today we will hear from the vice chair, the new york fed president john williams, and chairman this afternoon. your reaction from yesterday and your conversation with the new york fed chief and how you think what -- how you think that informs what we might hear from the fed chair? michael: the vice chair of the committee that sets rates, the right-hand man o
michael mckee has information for you in washington, d.c. michael: we have some negative economic news for a change. housing starts and building permits down on the month or than forecast. housing starts on a month over month basis down 14.7%. the forecast was for a 2.4% decline. they have grown 10.7 percent the month before so now we are at a 1,000,300 21,000 pace annualized pace for 1,521,000. the forecast was for a 9/10 drop. so not clear if this is the weather or just a rebound effect, but...
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Apr 29, 2024
04/24
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rob mckee, a haliburton spokesman, formulated the final scheme: the iraqis produce themselves, but pay interest to the americans. dick cheney actively lobbied for an attack on iraq. for many years he was. director is hali burton, and hardly lost touch when he became the country's vice president. it was this oil service company that received a contract for the restoration and development of oil fields in occupied iraq, and even earlier, in bytná schieni, the chairman of the board of directors supplied iraq with oil equipment worth $76 million. the deal was carried out in circumvention of american sanctions through french intermediaries. haliburton received most of the contracts in 2003. to carry out restoration work in the oil sector of the iraqi industry. contract amount for the development and development of iraq's oil fields exceeded one billion 400 million dollars. the company began working in iraq immediately after the end of active hostilities. at the same time , she received a large contract from the us administration without competition. after the americans invaded iraq, well,
rob mckee, a haliburton spokesman, formulated the final scheme: the iraqis produce themselves, but pay interest to the americans. dick cheney actively lobbied for an attack on iraq. for many years he was. director is hali burton, and hardly lost touch when he became the country's vice president. it was this oil service company that received a contract for the restoration and development of oil fields in occupied iraq, and even earlier, in bytná schieni, the chairman of the board of directors...
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Apr 26, 2024
04/24
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mike mckee, thank you so much. let's check on big tech earnings. microsoft posting strong demand for ai with a similar story driving alphabet higher. ai fueling cloud growth. mandeep singh joins us now. big gains reviving this benchmark. it seems like the common thread in addition to ai was the cloud. mandeep: it was. i think that cloud clearly for alphabet was heading in the right direction, given that we have seen somewhat of a muted cloud growth for aws and google in the past two quarters. this quarter was reassuring for alphabet. the real surprise to me was on the search side. everyone thought that traditional search was getting disrupted. to the contrary, it is helping to drive engagement. the margins went up. a lot of the concerns were around the cost of search going up. that was the surprise. the fact that the core search margins expanded 500 basis points. everyone is talking about how traditional search is getting disrupted and the cost is going up. i think that is why you see this kind of reaction. katie: you are also seeing a boost becaus
mike mckee, thank you so much. let's check on big tech earnings. microsoft posting strong demand for ai with a similar story driving alphabet higher. ai fueling cloud growth. mandeep singh joins us now. big gains reviving this benchmark. it seems like the common thread in addition to ai was the cloud. mandeep: it was. i think that cloud clearly for alphabet was heading in the right direction, given that we have seen somewhat of a muted cloud growth for aws and google in the past two quarters....
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Apr 4, 2024
04/24
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here is mike mckee. michael: we have a slight rise in jobless claims, 221,000 as opposed to the initially reported 210,000 last week. we will see with the revision is. on a continuing basis, we dropped hundred 79 million -- we dropped, so little improvement. last week -- the week before, it was revised to 212, so we go from 212 to 221. a 900,000 number game. it is not outside the range that we have seen, but it is the first increase in a while of continuing claims last week at 1,810,000, so 1,000,991 is the continuing number. 68.9 billion is compared with 67.6 billion on a revised basis the month before in january. this is a february number. it will weigh on february growth. 2.8% for gdp lacerating. jonathan: how much weight should i put on jobless claims and continuous claims falling more than expected? should i put more weight on one rather than the other? michael: this is a view on how the economy is doing. if they revised, it would suggest more people getting laid off and more people having a harder
here is mike mckee. michael: we have a slight rise in jobless claims, 221,000 as opposed to the initially reported 210,000 last week. we will see with the revision is. on a continuing basis, we dropped hundred 79 million -- we dropped, so little improvement. last week -- the week before, it was revised to 212, so we go from 212 to 221. a 900,000 number game. it is not outside the range that we have seen, but it is the first increase in a while of continuing claims last week at 1,810,000, so...
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Apr 10, 2024
04/24
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mike mckee, what are you looking for? >> continued disinflation on a short-term basis with the monthly headline and core dropping a little bit, but because of energy prices and base affects, the year-over-year number for cpi headline is expected to rise to 3.4% from 3.2%. that would be a disappointment to some. core expected to go down year-over-year. that might make the fed happy. we see a lot of tweets from people saying this is the most important cpi of our lifetime. maybe not. of the year, maybe. it's going to tell us something about what the fed is thinking. as it goes into may and june, a rise probably means june may be off the table. maybe it comes on. >> how high is the threshold to shift the fed given the fact that we have gotten a number of higher-than-expected inflation rate over the past -- inflation reads over the past few weeks? >> if it goes up significantly, it does have an impact. cpi does not usually come in. it can't surprise but when it does it is by .1%. a lot of that is down surrounding. everyone is
mike mckee, what are you looking for? >> continued disinflation on a short-term basis with the monthly headline and core dropping a little bit, but because of energy prices and base affects, the year-over-year number for cpi headline is expected to rise to 3.4% from 3.2%. that would be a disappointment to some. core expected to go down year-over-year. that might make the fed happy. we see a lot of tweets from people saying this is the most important cpi of our lifetime. maybe not. of the...
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Apr 11, 2024
04/24
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sonali: michael mckee, thank you for the data with a dose of reality. we have a federal reserve economist and chief economist at new century advisors joining us now. also to react to the flurry of the data we have seen in the last couple of days. and how you think ahead to the pce. when you look at what happened in consumer prices, producer prices, how does that factor into how the fed is able to move moving forward? >> in all likelihood, they will see a better pce month over month. there's a lot of dark matter that goes into those pce numbers. we really don't have a good read on it. at the end of the day, there are sticky places in inflation. they are going to be focused on that. they looked under the hood and there are problems. having office because ppi and motor vehicle insurance prices are less then cpi does not change the fundamental story that they are not in a sustainable 2% kind of place, or even moving towards it. sonali: it begs the question, will they be able to cut once this year? >> to me, when is the fed going to cut and how much -- in so
sonali: michael mckee, thank you for the data with a dose of reality. we have a federal reserve economist and chief economist at new century advisors joining us now. also to react to the flurry of the data we have seen in the last couple of days. and how you think ahead to the pce. when you look at what happened in consumer prices, producer prices, how does that factor into how the fed is able to move moving forward? >> in all likelihood, they will see a better pce month over month....
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Apr 30, 2024
04/24
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rob mckee, haliburton's representative, formed the final design. the iraqis mine themselves, but pay interest to the americans. the attack on iraq was actively lobbied by the wildcats. for many years he was the director of haliburton and hardly lost contact when he became vice-president of the country. it was this oil services company that received the contract to restore and develop oil fields in occupied iraq. and even earlier in everyday life chairman of the board of directors supplied iraq with oil equipment worth $76 million. the deal was carried out in circumvention of american sanctions through french intermediaries. hali burton in 2003 received most of the contracts for reconstruction work in the oil sector of the iraqi industry. the amount of the contract for the development and development of oil fields in iraq exceeded one billion 400 million dollars. the company began working in iraq immediately after the end of active hostilities, and received a large contract from the us administration no competition. after the americans invaded iraq,
rob mckee, haliburton's representative, formed the final design. the iraqis mine themselves, but pay interest to the americans. the attack on iraq was actively lobbied by the wildcats. for many years he was the director of haliburton and hardly lost contact when he became vice-president of the country. it was this oil services company that received the contract to restore and develop oil fields in occupied iraq. and even earlier in everyday life chairman of the board of directors supplied iraq...
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Apr 18, 2024
04/24
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KNTV
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mckee was scheduled to enter the plea but proceedings were continued after prosecutors had a time conflict. people affected by the fire are frustrated by the slow process. brett garcia was inside the store at the time. >> i was at the back wall of the building in the lumbar section. meme way to the front and by the time i got to the front, the smoke that was billing up the front of the building was insane. how quickly it got out of control. it is amazing to see how fast the building of that size can go up in flames. >> reporter: neighbors recalled the day vividly. >> the biggest fire i ever experienced. embers were flying over. flames had to be 40 feet high. >> the fire was in my backyard. when i went through the backyard, i felt the heat and saw the flames. it pushed me back a little bit. i looked for my dog. he poked his head around from the sofa. >> reporter: it appears his case will proceed methodically. he is due back on june 7. >>> leading accusations of antioch school district. they do not involve students. candace started pressing for answers about a school -- >> first complaints f
mckee was scheduled to enter the plea but proceedings were continued after prosecutors had a time conflict. people affected by the fire are frustrated by the slow process. brett garcia was inside the store at the time. >> i was at the back wall of the building in the lumbar section. meme way to the front and by the time i got to the front, the smoke that was billing up the front of the building was insane. how quickly it got out of control. it is amazing to see how fast the building of...
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Apr 16, 2024
04/24
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this sucks mckee's kids are probably calling the potato little value now, you know? [laughter] i think his head looks more like a spaghetti squash. >> greg: yeah. >> i would get without. >> greg: yeah, you're right. you think when the peter became he was like it's a long last tell. the potato went on 23 and me and found out it was -- and went to his place kat. weaving out a german this story. >> intra ever called him a potato? >> greg: probably. >> because he was not talking about -- he was talking about you. [laughter] the foxnews universe not true, you. >> greg: yeah, it was me. >> literally just you. and also i'm sure if he was merely a potato maybe it was a fan of this show that it. milling someone a potato is [bleep] weird. >> greg: okay but what kind of food would you like mailed to you? right now -- >> no. >> greg: i'm going to say whatever you people do, do not mail me an erotic cake. [laughter] see? that's going to make them mail me erotic cake. how about you, jim, do you like mailed to you? >> update your leftovers. [laughter] >> greg: you haven't changed a
this sucks mckee's kids are probably calling the potato little value now, you know? [laughter] i think his head looks more like a spaghetti squash. >> greg: yeah. >> i would get without. >> greg: yeah, you're right. you think when the peter became he was like it's a long last tell. the potato went on 23 and me and found out it was -- and went to his place kat. weaving out a german this story. >> intra ever called him a potato? >> greg: probably. >> because he...
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Apr 23, 2024
04/24
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michael mckee is here to discuss. we are also minutes away from the bond auction. mike: and the numbers today may affect the auction. we got worse than expected numbers out of the s&p ppi, the man yuri -- the manufacturing number is 49.9. services is that 50.9 which is a decline. we had better-than-expected new-home sales up 8.8% but that doesn't seem to be what the market is focused on at the moment area one of the reasons that they are concerned about what happened with the s&p numbers is economist have been marking up their growth forecast for the first part of this year but marking them down for the latter part of the year. the forecast sees 2025 falling to around 2% or a little less. and much higher right now. the auction is what will be interesting because we saw a big collapse in the two year note yield after the s&p numbers came out. the one issue yield went with it so right now, we're sitting at 4.9% when issued so we could -- bond experts were thinking we might either hit the screws are get a stop through but now a stop through maybe all but guaranteed an
michael mckee is here to discuss. we are also minutes away from the bond auction. mike: and the numbers today may affect the auction. we got worse than expected numbers out of the s&p ppi, the man yuri -- the manufacturing number is 49.9. services is that 50.9 which is a decline. we had better-than-expected new-home sales up 8.8% but that doesn't seem to be what the market is focused on at the moment area one of the reasons that they are concerned about what happened with the s&p...
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Apr 12, 2024
04/24
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you heard susan collins tell mike mckee that these two things are separate. how do you keep control around the longer ends of the curves? noelle: going back to this being a tough year for timing rates, we will not take significant race bets -- rates bets here. in terms of outright rates positions, it will be tough and you will end up -- sonali: i have only been anchoring this show for the last six months and in the first three or four months all i have heard his investor after investor telling me this is the time for duration. they are going longer out on the curve. do you think a lot of investors are rethinking that position? brian: it depends on your belief. my belief is in the long-term the fed will achieve its to percent objective or something close to that. our target for the 10 year has been 4.5%. when we get around the 4.5% or above level, if you believe the fed will, in the long run, hit that 2% inflation target or something close to it you get an attractive real return. investors locking in that real return, dollar cost averaging makes sense. there w
you heard susan collins tell mike mckee that these two things are separate. how do you keep control around the longer ends of the curves? noelle: going back to this being a tough year for timing rates, we will not take significant race bets -- rates bets here. in terms of outright rates positions, it will be tough and you will end up -- sonali: i have only been anchoring this show for the last six months and in the first three or four months all i have heard his investor after investor telling...
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Apr 10, 2024
04/24
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details tonight about san jose's 13th traffic death in january. 2 cars collided at the intersection of mckee road and francis drive a toyota tacoma truck ran a red light when it hit another car. the driver of the truck died from their injuries while at the hospital. the driver it collided with had only minor injuries. this, as we mentioned, is the 13 traffic death of 2024. >> a pe teacher was arrested while at school in american canyon on charges involving child crimes. napa county sheriff's deputies say american canyon high school teacher brad role was arrested on 3 felony counts, including contact with a minor for, exploitation of a child and possession of matter depicting a minor will be held on $160,000 bond at the napa county jail. teacher says the school says the teacher was immediately put on administrative white house health and human services secretary javier becerra visited the bay area as the last stop of the national latino health tour. >> he sat with a panel of patients and staff at oakland's lead clinica de la raza located in the fruitvale historically latino neighborhood. and
details tonight about san jose's 13th traffic death in january. 2 cars collided at the intersection of mckee road and francis drive a toyota tacoma truck ran a red light when it hit another car. the driver of the truck died from their injuries while at the hospital. the driver it collided with had only minor injuries. this, as we mentioned, is the 13 traffic death of 2024. >> a pe teacher was arrested while at school in american canyon on charges involving child crimes. napa county...
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Apr 15, 2024
04/24
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tonight we spoke with hunter mckee with the oklahoma state bureau of investigation. >> we are still looking for these women, and we cannot confirm that they are dead. however, based on the evidence, we did believe that it is necessary and appropriate to charge all four suspects with first-degree murder. >> reporter: in custody tonight, tad cullum, tifany adams, and cole and cora twombly, charged on counts of first-degree murder, kidnapping and conspiracy. court documents obtained by nbc news show veronica butler and the father of her children have been in a custody battle and that at least two of the suspects arrested were known to butler. retired fbi agent rob d'amico weighing in on the case. >> why the first-degree murder charge, and is that significant? >> i think it is because something in this investigation has really led them to it's premeditated. >> reporter: tonight it's not clear if any of the four suspects have hired attorneys. and as the mystery deepens, heartache in the women's hometown where loved ones are tying yellow ribbons in their honor, hoping for answers. >> i see those
tonight we spoke with hunter mckee with the oklahoma state bureau of investigation. >> we are still looking for these women, and we cannot confirm that they are dead. however, based on the evidence, we did believe that it is necessary and appropriate to charge all four suspects with first-degree murder. >> reporter: in custody tonight, tad cullum, tifany adams, and cole and cora twombly, charged on counts of first-degree murder, kidnapping and conspiracy. court documents obtained by...
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Apr 11, 2024
04/24
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a man who spent months trying to recover but ultimately died in april after he was hit by a car off mckee wrote, we do everything right. >> we follow all the rules we wear bright clothing. and still we have a lot of those calls. >> max siegel is with families for safe streets and says he's worried for his kids when walking to school, close call can be. >> not paying attention to intersection. san jose keeps track of car crashes on a public database so far this year we have seen twice as many fatal car crashes compared to just this time last year. so many of through ways that run through san jose rack up quite a few deaths from bad data set. but none may be more dangerous that monterey road, which between 2018, 2023 logged 6 teen road fatalities here. when we most awesome and get it right now that we're talking a max off the corner of monterey and tully and has shot. >> cars driving into the bike lane. they're supposed to be separated by these posts. you work towards. >> designing our streets, holistically. >> the public data does show san jose's years long campaign to improve its streets
a man who spent months trying to recover but ultimately died in april after he was hit by a car off mckee wrote, we do everything right. >> we follow all the rules we wear bright clothing. and still we have a lot of those calls. >> max siegel is with families for safe streets and says he's worried for his kids when walking to school, close call can be. >> not paying attention to intersection. san jose keeps track of car crashes on a public database so far this year we have...
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Apr 11, 2024
04/24
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a man who spent months trying to recover but ultimately died in april after he was hit by a car off mckee wrote, we do everything right. >> we follow all the rules we wear bright clothing. and still we have a lot of those calls. matt siegel with the organization, families for safe streets says even when walking his daughters to school, it's just too close for comfort a close call can be. >> not paying attention to intersection. san jose keeps track of car crashes on a public database so far this year we have seen twice as many fatal car crashes compared to just this time last year. so many of the through ways that run through san jose rack up quite a few deaths from bad data set. but none may be more dangerous that monterey road, which between 2018, 2023 logged 6 teen road fatalities here. when we most awesome and get it right now. now we're talking a max off the corner of monterey and tully and has shot. >> cars driving into the bike lane. they're supposed to be separated by these posts. we need to work towards. designing our streets holistically. the public data also shows san jose's ye
a man who spent months trying to recover but ultimately died in april after he was hit by a car off mckee wrote, we do everything right. >> we follow all the rules we wear bright clothing. and still we have a lot of those calls. matt siegel with the organization, families for safe streets says even when walking his daughters to school, it's just too close for comfort a close call can be. >> not paying attention to intersection. san jose keeps track of car crashes on a public...
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Apr 30, 2024
04/24
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for the first quarter and michael mckee will break that down later this morning. making a case for credit -- >> can fed terms, they are looking at tight spreads. the case can be made that we are looking at corporate switcher in better financial help than they have been historically. i think credit definitely has a space despite how tight it is from an all in perspective, there is room for jonathan: credit in portfolios. investors are awaiting the fed decision tomorrow. the central bank will keep rates higher for longer. policy normalization -- she joins us now for more. this is brilliant, not all rate cuts are created equally and not all delays are either. is this a healthy delay? >> thank you for having me. so far, it seems like it's a healthy delays because it supported by growth. the longer these rate cuts are postponed, the more credence we get to the possibility of rate hikes. that uncertainty around monetary policy is just not a great backdrop for credit and not about drop for m&a ordeal debt -- or dealmaking. its clarity on the macro we need, not necessaril
for the first quarter and michael mckee will break that down later this morning. making a case for credit -- >> can fed terms, they are looking at tight spreads. the case can be made that we are looking at corporate switcher in better financial help than they have been historically. i think credit definitely has a space despite how tight it is from an all in perspective, there is room for jonathan: credit in portfolios. investors are awaiting the fed decision tomorrow. the central bank...
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Apr 1, 2024
04/24
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mike mckee joins us around the table. you drew the short straw. any change on the data going into the -- into the weekend? mike: no changes. it came and little below what he forecasted. basically what we are seeing is inflation is continuing to come down, but it has slowed its progression. towel was asked, why don't you cut anyway? he said, we do not want to move the markets around. we do not want a lot of volatility. we want people to think we are moving in the right direction at the right time. we are going to be careful. he just justified it. >> waiting to see if february confirms or not. the spike in january is said to be a one-off fluke. is that how you characterize it? >> a fluke in terms of the extra added, but we are still seeing strength in hiring. strength in spending. the pce spending numbers came in , a phenomenal turnaround from january. we are seeing the u.s. economy running ahead of potential growth, which is a warning sign for a fed worried about inflation. >> what do you think is more important over the next couple of weeks? >> th
mike mckee joins us around the table. you drew the short straw. any change on the data going into the -- into the weekend? mike: no changes. it came and little below what he forecasted. basically what we are seeing is inflation is continuing to come down, but it has slowed its progression. towel was asked, why don't you cut anyway? he said, we do not want to move the markets around. we do not want a lot of volatility. we want people to think we are moving in the right direction at the right...
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Apr 15, 2024
04/24
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annabelle: that was the new york fed president john williams speaking exclusively with our colleague mike mckee. taking a look at markets here, the open for sydney, seoul, tokyo, this time of the day, we are looking to be pretty risk off across the board, and nikkei futures, singapore contracts down more than 1% at this point. overnight, it was really that story of stronger u.s. retail sales that came through. we had surging treasury yields across the curve, so that tells us the fed will likely stay on hold for longer, and that is the message that investors are really adjusting to hear. weakness particularly in big tech. we saw the likes of microsoft, apple, nvidia leading the drop, so something we are tracking closely. we will have more on "daybreak australia." ♪his is bloomber and if you want a successful business, all it takes is an idea, and now becomes the future where you grew a dream into a reality. the all new godaddy airo. put your business online in minutes with the power of ai. but starting it eight months pregnant, that's a different story. with the chase ink card, we got up and r
annabelle: that was the new york fed president john williams speaking exclusively with our colleague mike mckee. taking a look at markets here, the open for sydney, seoul, tokyo, this time of the day, we are looking to be pretty risk off across the board, and nikkei futures, singapore contracts down more than 1% at this point. overnight, it was really that story of stronger u.s. retail sales that came through. we had surging treasury yields across the curve, so that tells us the fed will likely...
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Apr 10, 2024
04/24
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katie: are things to have mike mckee joining us from washington. we are joined by and very threatened needle ventures founder. let's talk about what is happening in markets because the s&p is down by 1% on the heels of that march print. does this reaction make sense? ann: i don't think the market should have been surprised. i do think it's the magnitude is pointing to the risk of no rate cuts and that is new. katie: you have that on one end and state street saying of 50 basis point in june. underneath what we're talking about you have inflation but we are talking about high prices continuing to rise. what does that mean for the consumer? ann: what we have seen the consumer to is adjust their purchasing. when i think about what that means for certain sectors, it's a continuation of what started last year which is 17% training down to cheaper options. katie: there was a story crossing the terminal a couple of minutes ago from goldman sachs that advocates it is time to take the profits you have made in technology and broaden it out to other areas. may
katie: are things to have mike mckee joining us from washington. we are joined by and very threatened needle ventures founder. let's talk about what is happening in markets because the s&p is down by 1% on the heels of that march print. does this reaction make sense? ann: i don't think the market should have been surprised. i do think it's the magnitude is pointing to the risk of no rate cuts and that is new. katie: you have that on one end and state street saying of 50 basis point in june....
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Apr 4, 2024
04/24
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san josÉ, 4.63 at gas and shop on mckee, a block away from highway 101. >>> let's get out to the roadways, and let me label this for you. we are looking at the south bay, and there's green from the earlier rain. the pink and the right in the lower right side, that's where there's snow and ice in the hills, and mount hamilton included. the west commute with a build, and highlighting north of the golden gate bridge, the recent rain, you can see the slick roadway and that mist kicking up just like we saw up there in mill valley where ginger called that out. >>> and then businesses in san francisco pulled out of union scare, but this morning a glimmer of hope. the new retailer set to join the shopping center. >>> levi strauss noticed those stores leaving and it's changing the way they are selling jeans. >>> the futures, three down days in a row, and then look at that. that's find out what is happening there. >>> well, the san francisco symphony getting star power this summer. the egot winning performer set to share the stage. to share the stage. you want we know you care. [music plays] but if
san josÉ, 4.63 at gas and shop on mckee, a block away from highway 101. >>> let's get out to the roadways, and let me label this for you. we are looking at the south bay, and there's green from the earlier rain. the pink and the right in the lower right side, that's where there's snow and ice in the hills, and mount hamilton included. the west commute with a build, and highlighting north of the golden gate bridge, the recent rain, you can see the slick roadway and that mist kicking up...
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Apr 18, 2024
04/24
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michael mckee is still with us. this idea of the rest of the world is watching the federal reserve and thinking a lot about it. they might not be directing policy or they won't say that they are. how much is the fed watching the rest of the world? michael: they're watching it in terms of feedback loops. if the european economy slows down significantly then trade with europe slows down. that becomes a problem for the united states in terms of our exports. but the world looks at the fed because the fed sets the world interest rates, basically. the baseline for all of the developed countries. lisa: what did you make of janet yellen saying she is watching the dollar strength? michael: that is a little concerning. those of us were around in the lloyd benson days remember what happened when treasury secretary started musing about the dollar, which is why they've all stuck to this lined up strong dollar is of the u.s. national interest without ever defining what a strong dollar is. the problem that a lot of people see is b
michael mckee is still with us. this idea of the rest of the world is watching the federal reserve and thinking a lot about it. they might not be directing policy or they won't say that they are. how much is the fed watching the rest of the world? michael: they're watching it in terms of feedback loops. if the european economy slows down significantly then trade with europe slows down. that becomes a problem for the united states in terms of our exports. but the world looks at the fed because...
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Apr 1, 2024
04/24
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michael mckee is here to break it down. mike: we have bond yields rising because we have the first positive reading for the ism manufacturing index in september of 2022. it comes in at 50.3, up from a significant beat and new orders crossed, going up to 51.4. production is also up. employment rises but it is up to 47.4%. prices paid rise to 55 point 8% from 52.5 so we are seeing some inflation but we are also seeing some strengthen the economy. jay powell talked about that friday. they don't have to get started right away with cutting interest rates. katie: catch us up about what we learned friday. we had pce and we heard from jay powell himself. a lot of us were working so what did we hear? mike: basically, we saw the pce inflation numbers going down still. the speed of the decline was falling off. what howell was saying is we see that and we see the strength of the economy and we are not convinced yet that we are going to be completely on the path to the 2% target. because the economy is strong and we will get friday is j
michael mckee is here to break it down. mike: we have bond yields rising because we have the first positive reading for the ism manufacturing index in september of 2022. it comes in at 50.3, up from a significant beat and new orders crossed, going up to 51.4. production is also up. employment rises but it is up to 47.4%. prices paid rise to 55 point 8% from 52.5 so we are seeing some inflation but we are also seeing some strengthen the economy. jay powell talked about that friday. they don't...
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Apr 11, 2024
04/24
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can he get the first green jacket rhys mckee has gone one under a short time ago. liverpool lost the first leg against atalanta and a successful attempt could be beyond them beaten 3—0 tonight. atalanta got a two goal lead and then a late third to leave liverpool with a lot of work to do in bergamo in the second leg. west ham lost their leg. by leverkusen won by two goals in germany. it is a 42nd game this season unbeaten for buyer leverkusen. not all games are finished. heading for a victory benfica. in an all italian fare, rome winning by one goal against ac milan. aston villa 2-1 goal against ac milan. aston villa 2—1 against lille. ollie watkins with the opener at the very start of the match. john mcginn got the second of the night for villa. lille have just closed to gap. currently 2-1 with have just closed to gap. currently 2—1 with a few seconds of the game remaining. confirmation of that scoreline and the others. olympia cross against fenerbahce, goalless in poland. the premier leagues bottom side sheffield united will start next season on minus two p
can he get the first green jacket rhys mckee has gone one under a short time ago. liverpool lost the first leg against atalanta and a successful attempt could be beyond them beaten 3—0 tonight. atalanta got a two goal lead and then a late third to leave liverpool with a lot of work to do in bergamo in the second leg. west ham lost their leg. by leverkusen won by two goals in germany. it is a 42nd game this season unbeaten for buyer leverkusen. not all games are finished. heading for a victory...
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Apr 11, 2024
04/24
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a man who spent months trying to recover but ultimately died in april after he was hit by a car off mckee wrote, we do everything right. >> we follow all the rules we wear bright clothing. and still, we have a lot of those calls. max siegel with the organization, families for safe streets says even when walking his daughters to school, it's just too close for comfort close call can be. >> not paying attention to the intersection. san jose keeps track of its car crashes on a public database so far this year we have seen twice as many fatal car crashes compared to just this time last year. so many of the through ways that run through san jose rack up quite a few deaths from bad data set. but none may be more dangerous that monterey road, which between 2018, 2023 logged 6 teen road fatalities here. when we just almost saw someone get that right now that we're talking a max off the corner of monterey and tully and has been shot. >> cars driving into the bike lane. they're supposed to be separated by these posts. new work towards. designing our streets holistically. a public data also shows sa
a man who spent months trying to recover but ultimately died in april after he was hit by a car off mckee wrote, we do everything right. >> we follow all the rules we wear bright clothing. and still, we have a lot of those calls. max siegel with the organization, families for safe streets says even when walking his daughters to school, it's just too close for comfort close call can be. >> not paying attention to the intersection. san jose keeps track of its car crashes on a public...
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Apr 11, 2024
04/24
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we know that in the past hezbollah, one of the ramp is mckee allies, has targeted israel's embassies around the world, so there are two things going on here, a performative game, a rhetorical game that is quite disconcerting, but practical dimensions are four more pragmatic, with few actually wanting this to exploit and get out of control. thank you so much. it's been described as the most spectacular trial ever held in vietnam — after one of the greatest bank frauds the world has ever seen. the south east asian nation is awaiting a verdict in a huge corruption case. property tycoon truong my lan and 85 others are on trial, accusing of swindling several billion dollars from the saigon commercial bank. ms lan could face the death penalty. she's denied the charges and blamed subordinates. 0ur south east asia correspondent jonathan head has more details from bangkok. i've looked back and this is probably the biggest bank fraud ever recorded anywhere in the world if these numbers that have been given by the prosecution are correct. now, they've been investigating the bank for a year an
we know that in the past hezbollah, one of the ramp is mckee allies, has targeted israel's embassies around the world, so there are two things going on here, a performative game, a rhetorical game that is quite disconcerting, but practical dimensions are four more pragmatic, with few actually wanting this to exploit and get out of control. thank you so much. it's been described as the most spectacular trial ever held in vietnam — after one of the greatest bank frauds the world has ever seen....
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Apr 26, 2024
04/24
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with economic data, here is mike mckee. mike: good morning. it looks like sort of, as predicted, for the pce inflation numbers. of come in at .3%. the headline and the core, on a month by month basis. on a year-over-year basis the headline number is at .27%. so, little more than expected. the same story for the core deflator. two point 8%, unchanged from the prior month. that is a little bit higher than anticipated, but not a huge move. it doesn't show, basically, inflation is sticking around. personal income, at -- up .5%, as predicted. personal spending, .8%. it was .8% the prior month, so americans are still spending. gives more credence to the idea that the economy is strong. this is certainly, i'm going to wager, this is certainly not going to change a lot of bond market thinking about when the fed might cut rates. jonathan: interesting to see how the market responds to this. a spike in the equity market. up on the nasdaq by 1.3%. if you turn to the bond market, a rally started. dollar-yen, still elevated, for whatever that is worth. we t
with economic data, here is mike mckee. mike: good morning. it looks like sort of, as predicted, for the pce inflation numbers. of come in at .3%. the headline and the core, on a month by month basis. on a year-over-year basis the headline number is at .27%. so, little more than expected. the same story for the core deflator. two point 8%, unchanged from the prior month. that is a little bit higher than anticipated, but not a huge move. it doesn't show, basically, inflation is sticking around....
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Apr 5, 2024
04/24
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mike mckee ready to break that down. what's the big focus? >> the headline number. jay powell has told us that is what they are looking at. the strength of the labor market, if it starts to get weaker, they would consider cutting sooner. that could be reflected in the unemployment rate. we are seeing all these people coming into the labor force, which affects the unemployment rate more than it affects the headline numbers. jonathan: which are rather be here or in lake como with the mohamed el-erian? where would you rather be? mike: if i were to be honest, i would go to the lake because i could get on the internet and watch the bloomberg numbers. jonathan: this is basically me lobbing to take us to the forum next year. and mean, seriously. lisa: mohamed a el-erian saying it is rough for him because he is there with all the cameras. jonathan: shocking. coming up very shortly, mohamed a el-erian in lake como to break down the jobs report. and jeff rosenberg slumming it at blackrock hq. catch up with them in just a moment. from new york city, this is bloomberg. ♪ ok y
mike mckee ready to break that down. what's the big focus? >> the headline number. jay powell has told us that is what they are looking at. the strength of the labor market, if it starts to get weaker, they would consider cutting sooner. that could be reflected in the unemployment rate. we are seeing all these people coming into the labor force, which affects the unemployment rate more than it affects the headline numbers. jonathan: which are rather be here or in lake como with the...
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Apr 5, 2024
04/24
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mike mckee rakes it down. where are the jobs coming from? mike: that is an interesting question. it is not where the jobs are coming from, we know that. but where are the workers coming from? 460 9000 people entering the labor force this month in march and 303,000 getting jobs. the unemployment rate falling to 3.8%. the fed has been expecting that to rise to 4.1% for months. it's not happening. is it inflationary? not according to the average hourly earnings, up .3% on a monthly basis. on a year-over-year basis they are down to 4.1%, getting closer to where the fed thinks they will be at a non-inflationary level. one of the answers that some people have come up with for where the workers are coming from is immigration, both documented and undocumented, native-born, foreign-born workers. a lot of people thinking that it wasn't emigration pointed to a decline in the household hiring over the past couple of months because undocumented workers might not want to speak to government employees. we had a huge swing in the household numbers u[ thisp -- up at this time, so that doesn't loo
mike mckee rakes it down. where are the jobs coming from? mike: that is an interesting question. it is not where the jobs are coming from, we know that. but where are the workers coming from? 460 9000 people entering the labor force this month in march and 303,000 getting jobs. the unemployment rate falling to 3.8%. the fed has been expecting that to rise to 4.1% for months. it's not happening. is it inflationary? not according to the average hourly earnings, up .3% on a monthly basis. on a...
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Apr 16, 2024
04/24
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annabelle: that was the new york fed president john williams speaking exclusively with our colleague mike mckee. certainly the fed is casting a bit of a shadow on the expectations, we will state higher for longer. on the equity market today, a pretty pronounced selloff, particularly in japan, just under 1.7 percent. tokyo, seoul, also sydney. among the big lockouts we are tracking, it comes down to the tech sector in particular, a track we had on wall street overnight where we saw the likes of nvidia, apple declining, given that focus on high-quality growth stocks and whether that momentum can be sustained, particularly with earnings very much a focus. by materials, industrial, some of the other ones under pressure so far. what else we are tracking ahead of the open here is a bit of a note, the china stock market. this takes a look at the china hong kong northbound stock. actually come of this data will soon be unavailable on a real-time basis. that was a decision that was announced overnight. live trading data, hong kong, shanghai, shenzhen will no longer be available in about a month. we do u
annabelle: that was the new york fed president john williams speaking exclusively with our colleague mike mckee. certainly the fed is casting a bit of a shadow on the expectations, we will state higher for longer. on the equity market today, a pretty pronounced selloff, particularly in japan, just under 1.7 percent. tokyo, seoul, also sydney. among the big lockouts we are tracking, it comes down to the tech sector in particular, a track we had on wall street overnight where we saw the likes of...
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Apr 4, 2024
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michael mckee is joining us with a line the jay powell has to walk, they need to 2% and the inflationary pressures to dial back and many have been seeing a hot economy with interesting jobless claims mike: mike: playing into that today. not a whole lot, it was within a range. it's not telling us the market -- the labor market is really falling apart. we will get a good look tomorrow as to where we are. powell has said the same thing now twice, last friday and yesterday, we got two different market reactions which is funny because what we saw on monday when the markets reopened was a gap lower but today, we're seeing stocks back near record highs. jay powell didn't change his view. the fed has said we will not see anything on may 1. how soon afterwards and what will it take? we've got a lot of fed speak coming up that will add to what jay powell has said. we have seven fed speakers today. we have six more tomorrow. if you don't know what the open market committee is thinking, you should by tomorrow night or have a good idea of where we are going. i would imagine it will echo the jay powel
michael mckee is joining us with a line the jay powell has to walk, they need to 2% and the inflationary pressures to dial back and many have been seeing a hot economy with interesting jobless claims mike: mike: playing into that today. not a whole lot, it was within a range. it's not telling us the market -- the labor market is really falling apart. we will get a good look tomorrow as to where we are. powell has said the same thing now twice, last friday and yesterday, we got two different...
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Apr 10, 2024
04/24
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sonali: let's get straight to the cpi numbers with michael mckee down in washington. mike, i missed you this morning. would have wanted to know your reaction when you saw that hot print. michael: i wanted to know what you did for your birthday yesterday, but in terms of my reaction, i saw the markets go negative. 0.4% for the headline in the core in a month over month basis. it pushed the core and headline numbers higher. the fed has issues they are going to have to end up dealing with here, one of which is does the fed have control over inflation? the fed stopped raising rates in july of 2023 and ever since then, progress on inflation has essentially stalled out. we haven't seen much move downward since that time. that as you can see -- that has people on wall street concerned that the fed is going to have to stay higher for longer. david kelly mentioned he would be happy to see rates start to go down in june. not going to happen according to the folks on wall street. june is priced out, july is priced out, and as of this moment, september isn't even priced for a ful
sonali: let's get straight to the cpi numbers with michael mckee down in washington. mike, i missed you this morning. would have wanted to know your reaction when you saw that hot print. michael: i wanted to know what you did for your birthday yesterday, but in terms of my reaction, i saw the markets go negative. 0.4% for the headline in the core in a month over month basis. it pushed the core and headline numbers higher. the fed has issues they are going to have to end up dealing with here,...
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mckee so right. trump is already present a lot of people were running because over door as far left in the how are they going to get along? they ended up negotiating the trade give between u.s., canada, united states, usmc renegotiating -- in mexico obviously from renegotiating from the 90s and we started to work together incredibly close he on security issues. what happens with somebody with these leaders around the world, the get away with what they think they can get away with an president trump is right that there is no way he would demand 10 billion or even 10 cents but this is just a precursor to negotiations like give me the money before we can even talk. it's crazy, ludicrous and people are doing this and leaders are doing this simply because they know they can get away with it. >> look at this recent poll, seven out of ten disapprove of biden's handling of the border look at this number, or intent democrats disapprove and subdue 55% of black adults, seven out of ten hispanic adults. this rec
mckee so right. trump is already present a lot of people were running because over door as far left in the how are they going to get along? they ended up negotiating the trade give between u.s., canada, united states, usmc renegotiating -- in mexico obviously from renegotiating from the 90s and we started to work together incredibly close he on security issues. what happens with somebody with these leaders around the world, the get away with what they think they can get away with an president...
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Apr 3, 2024
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and we have some breaking data and michael mckee has the details. >> life would be a lot easier if we didn't have contradictory situation coming in. so not as big of move down in prices paid for services as we saw a move up in the prices paid for manufacturing. the only people that cared about is i'm employment in the service -- ism employment. we are seeing some contraction in employment in the services of business. all in all, this is a good report but slightly weaker than it has been and that sort of breaks this chain of strong reports that we have seen all week. sonali: just as i was on the board there, you had two-year yields above 73 for a moment there, getting back below 70's. how do you think about what's ahead? >> i suspect everybody is going to be focused on j. powell this afternoon. there's not enough data that would cause him to change his view. maybe people are looking for more guidance on what they'll be looking at or how he describes the economy since the numbers that we have had have come in for the most part, strong or stronger than expected. sonali: yields now at 469
and we have some breaking data and michael mckee has the details. >> life would be a lot easier if we didn't have contradictory situation coming in. so not as big of move down in prices paid for services as we saw a move up in the prices paid for manufacturing. the only people that cared about is i'm employment in the service -- ism employment. we are seeing some contraction in employment in the services of business. all in all, this is a good report but slightly weaker than it has been...
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Apr 30, 2024
04/24
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bloomberg's mike mckee, i know you have a busy week ahead of you. appreciate your time right now. let's bring the competition to the markets because joining us now, we have elizabeth. i won't ask you about the fed, but i will ask you about amazon of course. we heard from some of its peers last week. you had microsoft and alphabet really with some blockbuster earnings. not the same for meta, which i am sure we will get to. but for amazon, it feels like the stakes are high when you consider the stock's performance this year. what are your expectations? >> we forecast growth rates north of 20% for amazon this year. very impressive for a business of its size, and we don't expect this quarter to deviate too far from that annual growth rate. of course, amazon's retail business is the center of gravity in the retail media space. it's growth rates are only second to walmart -- its growth rates are only second to walmart in that space but walmart is less than a 10th of the size of the amazon ad business so a different comparison there. amazon has a lot of draws for advertisers. chief among
bloomberg's mike mckee, i know you have a busy week ahead of you. appreciate your time right now. let's bring the competition to the markets because joining us now, we have elizabeth. i won't ask you about the fed, but i will ask you about amazon of course. we heard from some of its peers last week. you had microsoft and alphabet really with some blockbuster earnings. not the same for meta, which i am sure we will get to. but for amazon, it feels like the stakes are high when you consider the...
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Apr 15, 2024
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during us with more is mike mckee. i feel like surprising is the right word to describe what we've seen over the past really over the past few months. what did we learn today when it comes to this economy through the lens of retail sales? >> basically that you did a good job propping up the economy. americans just don't seem to want to quit and it seems to be a combination of rising incomes and supply-side benefits. as prices level out, people are able to get merchandise that they want. we'd seen goods prices sort of level out and that is what we've got today in the retail sales report. a much stronger than expected number of seven tens of one for the headline. for the control, 1.1%. but even more important than that, big revisions to the prior two months. february was revised up to 9/10 on the headline. the control number revised up to a 3/10 gain from flat. at this point, what it looks like is that we are seeing essentially the same amount of spending we saw in that big fourth quarter. just a second ago you had up th
during us with more is mike mckee. i feel like surprising is the right word to describe what we've seen over the past really over the past few months. what did we learn today when it comes to this economy through the lens of retail sales? >> basically that you did a good job propping up the economy. americans just don't seem to want to quit and it seems to be a combination of rising incomes and supply-side benefits. as prices level out, people are able to get merchandise that they want....
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Apr 10, 2024
04/24
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the 2 cars collided at the intersection of mckee road and francis drive. officials say a toyota tacoma truck ran a red light and then struck another car. the driver of the truck died from their injuries while at the hospital. the driver it collided with had minor injuries. but hayward man has been arrested now for a deadly hit and run. that happened last year in september. police say christopher pena was riding his bike when he was hit near mission boulevard and orchard avenue in hayward. they say the car he was. hit with was reported stolen and was later found abandoned set on fire. no word on what led investigators to the man who is now charged with vehicular manslaughter. >> how in the east bay, the contra costa board of supervisors, they passed a recommendation to expand health care to immigrants. this expands eligibility to immigrants. high limon ad, the documentation status requirement for the counties they see health care program supervisor john gioia celebrated the vote saying, quote, stuart action to expand health care to more of our hard working
the 2 cars collided at the intersection of mckee road and francis drive. officials say a toyota tacoma truck ran a red light and then struck another car. the driver of the truck died from their injuries while at the hospital. the driver it collided with had minor injuries. but hayward man has been arrested now for a deadly hit and run. that happened last year in september. police say christopher pena was riding his bike when he was hit near mission boulevard and orchard avenue in hayward. they...
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Apr 11, 2024
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a man who spent months trying to recover but ultimately died in april after he was hit by a car off mckee wrote, we do everything right. >> we follow all the rules we wear bright clothing. and still, we have a lot of close calls. max siegel with the organization, families for safe streets says even when walking his daughters to school, it's just too close for comfort a close call can be. >> not paying attention to intersection. san jose keeps track of its car crashes on a public database so far this year we have seen twice as many fatal car crashes compared tobjust this time last year. so many of the through ways that run through san jose rack up quite a few deaths from bad data set. but none may be more dangerous that monterey road, which between 2018, 2023 logged 6 teen road fatalities here. when we most awesome and get it right now that we're talking to max off the corner of monterey and tully. and as we chat. >> cars driving into the bike lane. they're supposed to be separated by these posts. you work towards. designing our streets holistically. the public data also shows san jose's y
a man who spent months trying to recover but ultimately died in april after he was hit by a car off mckee wrote, we do everything right. >> we follow all the rules we wear bright clothing. and still, we have a lot of close calls. max siegel with the organization, families for safe streets says even when walking his daughters to school, it's just too close for comfort a close call can be. >> not paying attention to intersection. san jose keeps track of its car crashes on a public...
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Apr 11, 2024
04/24
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a man who spent months trying to recover but ultimately died in april after he was hit by a car off mckee wrote, we do everything right. >> we follow all the rules we wear bright clothing. and still, we have a lot of close calls. max siegel with the organization, families for safe streets says even when walking his daughters to school, it's just too close for comfort. close call can be. >> not paying attention to intersection. san jose keeps track of its car crashes on a public database so far this year we have seen twice as many fatal car crashes compared to just this time last year. so many of the through ways that run through san jose rack up quite a few deaths from bad data set. but none may be more dangerous that monterey road, which between 2018, 2023 logged 6 teen road fatalities here. when we most awesome and get it right now that we're talking to max off the corner of monterey and tully. and as we chat. >> cars driving into the bike lane. they're supposed to be separated by these posts. you work towards. designing our streets holistically. the public data also shows san jose's ye
a man who spent months trying to recover but ultimately died in april after he was hit by a car off mckee wrote, we do everything right. >> we follow all the rules we wear bright clothing. and still, we have a lot of close calls. max siegel with the organization, families for safe streets says even when walking his daughters to school, it's just too close for comfort. close call can be. >> not paying attention to intersection. san jose keeps track of its car crashes on a public...
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Apr 11, 2024
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a man who spent months trying to recover but ultimately died in april after he was hit by a car off mckee wrote, we do everything right. >> we follow all the rules we wear bright clothing. and still we have a lot of close calls. matt siegel with the organization, families for safe streets says even when walking his daughters to school, it's just too close for comfort a close call can be. >> not paying attention to intersection. san jose keeps track of its car crashes on a public database so far this year we have seen twice as many fatal car crashes compared to just this time last year. so many of through ways that run through san jose rack up quite a few deaths from bad data set. but none may be more dangerous that monterey road, which between 2018, 2023 logged 6 teen road fatalities here. when we most awesome and get it right now, we're acts off the corner of monterey and tully and has shot. >> cars driving into the bike lane. they're supposed to be separated by these posts. you work towards. designing our streets holistically. the public data also shows san jose's years long campaign to
a man who spent months trying to recover but ultimately died in april after he was hit by a car off mckee wrote, we do everything right. >> we follow all the rules we wear bright clothing. and still we have a lot of close calls. matt siegel with the organization, families for safe streets says even when walking his daughters to school, it's just too close for comfort a close call can be. >> not paying attention to intersection. san jose keeps track of its car crashes on a public...