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May 31, 2017
05/17
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but at the same time, will he, will the white house and donald trump potentially be fighting janet yellen who wants to hike rates? here is donald trump, you know, on the campaign ail, talng about ms. yellen. watch it. >> we for a big, fat, ugly bubble, and we better be awfully careful, and we have a fed that's doing political things. janet yellen of the fed, the fed is doing political by keeping the interest rates at this level and believe me, the day obama goes off, and he leaves and goes out to the golf course for the rest of his life to play golf, when they raise interest rates, you're going to see very bad things happen because the fed is not doing their job. the fed is being more political than secretary clinton. trish: and i would just argue that the fed has always been late to the party, right? they need to see many quarters of economic growth before it finally dawns on them they need to raise rates. so why now are they early? is it politically motivated? joining me veemo private bank, and steve cortes, adviser to donald trump on the campaign trail and our very own nicole petallide
but at the same time, will he, will the white house and donald trump potentially be fighting janet yellen who wants to hike rates? here is donald trump, you know, on the campaign ail, talng about ms. yellen. watch it. >> we for a big, fat, ugly bubble, and we better be awfully careful, and we have a fed that's doing political things. janet yellen of the fed, the fed is doing political by keeping the interest rates at this level and believe me, the day obama goes off, and he leaves and...
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May 4, 2017
05/17
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he could conceivably appoint janet yellen -- >> to reappoint chair yellen?which would be a reasonable thing to do. she is competent and has done a good job and has the confidence of the markets. whoever is appointed, i'm sure will work carefully with the rest of the fomc. there is a reason why there are so many people on the federal market committee making those decisions, including seven members of the board, and high quality staff, which provides a lot of guidance. idol think we are quite in the 1928 situation, by any means -- i don't think we are quite in the 1928 situation, by any means. i am hopeful if they don't appoint janet yellen, they will appoint some but a strong and confident. >> there was a sharp debate within the business media, and economics as well, if i pick gary cohn within the trump administration. you need to have a phd in economics? >> i think it would be presumptuous to say that. paul welker does not have a phd. he was familiar with the fed and monetary policy and obviously, knew markets. bute is a range of skills, you have to be at le
he could conceivably appoint janet yellen -- >> to reappoint chair yellen?which would be a reasonable thing to do. she is competent and has done a good job and has the confidence of the markets. whoever is appointed, i'm sure will work carefully with the rest of the fomc. there is a reason why there are so many people on the federal market committee making those decisions, including seven members of the board, and high quality staff, which provides a lot of guidance. idol think we are...
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May 1, 2017
05/17
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it is a goal that could be messier than janet yellen hoekstra joining us is -- than janet yellen hopes. joining us is michael mckee. they have had plenty of time to think about how to do this. does notthe fed it control everything it is going to do. it has treasuries and mortgage securities and corporate securities, if you start messing around with the amount of ,ortgage securities out there you will change the value of the securities and that will affect mortgage rates could when you change markets rates, you get different rights of -- when you change mortgage rates, you get different rates of repayment. the fed is not have total control over that. they cannot predict what will happen because they don't know where they will go from here. the treasury market depends not just on the fed, but overseas investors constantly react to news of the haven trade with money flowing in and out. and the u.s. treasury has to that thehe treasury fed is no longer buying it if they got rid of them all the your it would be $400 billion worth. the treasury has to decide how it is going to handle that cou
it is a goal that could be messier than janet yellen hoekstra joining us is -- than janet yellen hopes. joining us is michael mckee. they have had plenty of time to think about how to do this. does notthe fed it control everything it is going to do. it has treasuries and mortgage securities and corporate securities, if you start messing around with the amount of ,ortgage securities out there you will change the value of the securities and that will affect mortgage rates could when you change...
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May 5, 2017
05/17
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yeah, exactly, and is this something janet yellen needs to worry about it all? is even really mandated with spending time on this? diane: doesn't matter whether she is mandated or not. this is something janet yellen has made clear is one of her goals for a long time. she is a labor economist, a veteran of the 1990's that she has gone against hawks within the federal reserve, saying, listen, if we went a little hot, we could reengage those workers. you are seeing a loss of hope on that side of it. what happened in the 1990's was as we read the unemployment rate down, we really did engage workers who otherwise would not have been employed. you almost only needed a pulse by 1999 and early 2000 to get a job. that is not the case today. there is other alternatives in automation. what is full employment anymore? that is something that is going to hunt all of us unless we have real policy changes in fiscal policy. there's only so much the federal reserve can do and her jewels are very limited. -- virtual about it -- her jewels are limited. vonnie: is there anything com
yeah, exactly, and is this something janet yellen needs to worry about it all? is even really mandated with spending time on this? diane: doesn't matter whether she is mandated or not. this is something janet yellen has made clear is one of her goals for a long time. she is a labor economist, a veteran of the 1990's that she has gone against hawks within the federal reserve, saying, listen, if we went a little hot, we could reengage those workers. you are seeing a loss of hope on that side of...
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May 12, 2017
05/17
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charming fede been chair janet yellen. just saw janet yellen lockout, they are getting her car ready for now. we have a number of other important people walking out as well, the french finance ministers, and we have seen steve mnuchin's car. very interesting to me as a car guy, he has a toyota land cruiser and a chevy tahoe here. he rides in the toyota, not in the chevy, which i thought was very touching. there comes the treasury -- i thought that was very interesting. there comes a treasury secretary now. very interesting today. he has been meeting with the german finance minister, he has been meeting the chancellor of the us check or -- the chancellor of the exchequer. we have a bloomberg reporter down there to talk to him as well, and we have double-teamed the g7 meeting here in bari, italy. here,s a lot going on talking trade, which initially was supposed to be off the agenda, they weren't supposed to focus on that. but also talking a lot about greece and intra-european issues as well as global growth, very important a
charming fede been chair janet yellen. just saw janet yellen lockout, they are getting her car ready for now. we have a number of other important people walking out as well, the french finance ministers, and we have seen steve mnuchin's car. very interesting to me as a car guy, he has a toyota land cruiser and a chevy tahoe here. he rides in the toyota, not in the chevy, which i thought was very touching. there comes the treasury -- i thought that was very interesting. there comes a treasury...
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May 6, 2017
05/17
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he could reappoint janet yellen.s perspective a reasonable, sensible thing to do. she has the confidence of the markets. sureer is appointed i am will work carefully with the rest of the department. there is a reason there are so many people on the committee making the decisions, including seven members of the board, and a high quality staff which provides guidance and help. we are not quite in the 1928 situation. i am hopeful they will appoint, if not janet yellen, somebody strong and competent. ♪ julie: welcome back. foras been another big week corporate earnings reports across the globe. our roundup begins in silicon valley with results from facebook. are downok shares after reporting earnings that missed expectations. the social network now has $1.94 -- 1.9 4 billion active users. mobile ads accounted for 85% of revenue, thanks in part to instagram's rapid growth. instagram is an important platform, along with facebook. we are seeing strong growth across those. >> those are incredible numbers. every quarter it se
he could reappoint janet yellen.s perspective a reasonable, sensible thing to do. she has the confidence of the markets. sureer is appointed i am will work carefully with the rest of the department. there is a reason there are so many people on the committee making the decisions, including seven members of the board, and a high quality staff which provides guidance and help. we are not quite in the 1928 situation. i am hopeful they will appoint, if not janet yellen, somebody strong and...
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May 6, 2017
05/17
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he could reappoint janet yellen.rtainly be from his perspective a reasonable, sensible thing to do. he is highly competent, she has done a good job, she has the confidence of the markets. but whoever is appointed, i'm sure, will certainly were carefully with the rest of the fomc. there is a reason why there are so many people on the federal market committee making those decisions, including seven members of the board. and high-quality staff that provides a lot of guidance and help. we are not quite in a 1928 situation. i'm very hopeful they will appoint if not janet yellen somebody strong and confident. ♪ ♪ julie: welcome back. i'm julie hyman. to spend a big week for corporate earnings reports around the world. we begin with silicon valley and results from facebook. >> facebook shares are down after reporting earnings that missed expectations that revenue -- but revenue that topped estimates. they have 1.94 billion monthly active users, up from 1.8 billion last quarter. another they contributed to overall revenue is
he could reappoint janet yellen.rtainly be from his perspective a reasonable, sensible thing to do. he is highly competent, she has done a good job, she has the confidence of the markets. but whoever is appointed, i'm sure, will certainly were carefully with the rest of the fomc. there is a reason why there are so many people on the federal market committee making those decisions, including seven members of the board. and high-quality staff that provides a lot of guidance and help. we are not...
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May 3, 2017
05/17
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i think janet yellen would like to leave, assuming she does leave, with a plan in place.the new fed chair, throw away that plan and start on something else? i don't think so. i don't think it's that important. and unless the new fed chair is a fool, he or she will not want to throw the markets into a tizzy for no good reason at all. plannk the balance sheet that is left to her successor is very likely to be acted upon. the interest rate path is a whole different thing and will depend on the evolution of the economy. we all know that our ability to forecast that one to three years in advance is pretty limited. that suggest the bank presidents will take on additional responsibilities? >> it's not as concentrated as it is now. the chair, the vice chair. they will still be there. the you get from president's different from the governor's is more dissent. it's not that they changed the decision. it is less reluctant. i imagine that will continue to be true. my: thank you for joining us today. we have been talking to leaders in beverly hills, california. erik schatzker is stand
i think janet yellen would like to leave, assuming she does leave, with a plan in place.the new fed chair, throw away that plan and start on something else? i don't think so. i don't think it's that important. and unless the new fed chair is a fool, he or she will not want to throw the markets into a tizzy for no good reason at all. plannk the balance sheet that is left to her successor is very likely to be acted upon. the interest rate path is a whole different thing and will depend on the...
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May 5, 2017
05/17
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janet yellen's term and next year.ready making a list of who might replace her if she steps down. down with ay he sat correspondent to discuss the fate of the u.s. economy. weakthink the economy was in the first quarter, but is picking up. i think a lot of people expected that. i would like to see higher growth. growth has been not so good. the main thing is to increase growth down the road. >> we have relatively low interest rates. janet yellen has preferred relatively low interest rate. if the president is looking for monetary policy, he may not want to change. change in thes a way the fed operates, that was an underlying theme to the conference. how the federal reserve goes about its policy. let me ask you about that. the balance sheet, do you think a, it worked, and the fed should continue with a relatively large value sheet and excess reserves and reposts, or a small balance sheet and target the federal funds rate? >> i have been skeptical about quantitative easing impact. i argued a more normal policy earlier wou
janet yellen's term and next year.ready making a list of who might replace her if she steps down. down with ay he sat correspondent to discuss the fate of the u.s. economy. weakthink the economy was in the first quarter, but is picking up. i think a lot of people expected that. i would like to see higher growth. growth has been not so good. the main thing is to increase growth down the road. >> we have relatively low interest rates. janet yellen has preferred relatively low interest rate....
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May 5, 2017
05/17
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it is telling you something janet yellen alluded to year ago.aybe full employment is at a different level in the cycle. in youru were talking notes recently about the heightened significance of this report because of lackluster consumer spending in the first quarter. but every learned from this report? are we going to see a pickup in this current quarter? carl: we learned to widow important messages. the pace of hiring normalized that tells you whatever happening in march was a one off phenomenon, not a morning fairy nefarious- not a more trend. consumers were in hibernation last quarter. we need to see evidence that consumer activities are bouncing back. the rebound in hiring is a good thing. the rebound and retail hiring is a good thing. more importantly is the fact that if we look at the income generation implied by the april's jobs report, it is telling you consumer income is bouncing back vigorously up 4.4% on year on year terms at the start of this quarter. then he rebounded spending is likely not too far behind. it vonnie: carl riccadonna
it is telling you something janet yellen alluded to year ago.aybe full employment is at a different level in the cycle. in youru were talking notes recently about the heightened significance of this report because of lackluster consumer spending in the first quarter. but every learned from this report? are we going to see a pickup in this current quarter? carl: we learned to widow important messages. the pace of hiring normalized that tells you whatever happening in march was a one off...
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May 8, 2017
05/17
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that's according to federal reserve chair janet yellen.e labor market is almost 15% lower than men. janet yellen said in the speech friday, better policies can break down those barriers that women face to take on full-time careers or to stay in them. two examples she gave -- expanded parental leave and more affordable child care. and i will tell you, it's very rare to hear a fed chief speak so frankly about what's holding women back in the workplace, and, frankly, how that holds back the american economy. >>> speaking of working women, actress maggie siff, she stars in showtime's "billions," a powerful woman in a fictional hedge fund world, where for her character, at least, it's remarkable, there is no glass ceiling. and like many women, in real life, she tells me the art of work and the art of motherhood overlap. >> i talk about like privilege. i had just come off of a tv show i had been on for six years, "sons of anarchy." so i was able to grant myself time, you know. i was like, i put in a lot of time, i earned some money, i and that j
that's according to federal reserve chair janet yellen.e labor market is almost 15% lower than men. janet yellen said in the speech friday, better policies can break down those barriers that women face to take on full-time careers or to stay in them. two examples she gave -- expanded parental leave and more affordable child care. and i will tell you, it's very rare to hear a fed chief speak so frankly about what's holding women back in the workplace, and, frankly, how that holds back the...
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May 1, 2017
05/17
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oliver: and tricking the fed balance sheet may not be as easy as janet yellen hopes. look at the potential hazards as the fomc that's set to meet tomorrow. let's check markets with abigail doolittle, where we have another
oliver: and tricking the fed balance sheet may not be as easy as janet yellen hopes. look at the potential hazards as the fomc that's set to meet tomorrow. let's check markets with abigail doolittle, where we have another
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May 3, 2017
05/17
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he could conceivably reappoint janet yellen, which from his be a verye would reasonable, sensible thingo do. she's highly competent, she's done a good job, she's got the confidence in the markets. i'm sures appointed, will work carefully with the rest of the fomc. there arereason why so many people on the federal market committee making these decisions, including seven members of the board, and high-quality staff which provides a lot of guidance and help. i don't think we are quite in the 1928 situation by any means. i'm hopeful that they will appoint, if not janet yellen, they will appoint somebody strong and competent. tom: within that is a sharp debate in the business community. if you vet -- i will pick on gary cohn of the trump administration with great respect for mr. cohn's ability. do you need to have a phd in economics? paul volcker does not have a phd. he was very familiar with monetary policy and the fed, having been in the system for a number of years. i think is a range of skills you can have. you also have to be at least familiar with monetary policy, and how it works, and
he could conceivably reappoint janet yellen, which from his be a verye would reasonable, sensible thingo do. she's highly competent, she's done a good job, she's got the confidence in the markets. i'm sures appointed, will work carefully with the rest of the fomc. there arereason why so many people on the federal market committee making these decisions, including seven members of the board, and high-quality staff which provides a lot of guidance and help. i don't think we are quite in the 1928...
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May 12, 2017
05/17
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yellen isatt: janet here. we saw her come out of the hotel last night. it will be interesting to see if she sits with steve mnuchin, and how those two get along. do you expect the imagination to have any influence on said policy?i know they got guard their independence usually. mark: obviously, they are not meant to have any influence. i think that will be the official line. when of the big things that is adjusting thing about this last year was that trump was quite critical of janet yellen on the campaign trail, but that was more a political ploy. always said he wants low interest rates, even before he came to power. he has always been a fan of ebt, and hefan of d has come out since then saying he wants a weaker dollar. even if janet yellen does not continue on, they will probably go for someone who tends to be dovish in favor of lower rates, because it fits with the trump policy. chart onulled up this the bloomberg. u.s. households not expected to ramp up purchases. consumers are tightening their belts in the united states. to what extent is this seen
yellen isatt: janet here. we saw her come out of the hotel last night. it will be interesting to see if she sits with steve mnuchin, and how those two get along. do you expect the imagination to have any influence on said policy?i know they got guard their independence usually. mark: obviously, they are not meant to have any influence. i think that will be the official line. when of the big things that is adjusting thing about this last year was that trump was quite critical of janet yellen on...
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May 4, 2017
05/17
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is your success at the margin due to janet yellen?on of interest rates, does that skewed money-management towards the passive space? if we get through rate normalization, it is not game over but at the margin, does it skew back to active management? mr. mcnabb: i put that -- i've heard that argument put forth. the data doesn't support it. look at equity world. the returns on individual stocks are at a normal level so there is still opportunity to make the right bets or the wrong that's if you are an active manager. if you look at fixed income, the distortions that have occurred because of fed policy actually ine helped active management the bond side. you see better performance on a relative basis by active bond managers then we have seen at other times in history. of rates normalization will actually help the low-cost argument even more in the future. tom: this is probably in john bogle thesis a million years ago. let me ask you. is there something that's is there such a thing as too much money in passive management? can there be a d
is your success at the margin due to janet yellen?on of interest rates, does that skewed money-management towards the passive space? if we get through rate normalization, it is not game over but at the margin, does it skew back to active management? mr. mcnabb: i put that -- i've heard that argument put forth. the data doesn't support it. look at equity world. the returns on individual stocks are at a normal level so there is still opportunity to make the right bets or the wrong that's if you...
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May 25, 2017
05/17
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fed officials will update their economic projections and chair janet yellen will hold a press conferenceexplain the decision. michael mckee, bloomberg, new york. anna: joining us in london is a senior investment manager at aberdeen asset management. let's digest what we heard from the fed yesterday. the first line of one of our stories, the u.s. job market is hot, inflation is not. that's clearly where the confusion lies. about this chart for you on the bloomberg. it shows the clear path we've but for unemployment stalling and deterioration in inflation. >> it's a story partly about participation in the u.s. increasing but there's still a .ot of room to go and again, productivity, the problem we've had in the u.k. as well as the u.s.. but it's increasing and still going to increase. we could get a different through the summer and the cost push from china starts fading a little. growth globally especially. do you think investors are buying up treasuries yesterday? it seems clear there going to raise in june. is that totally priced in? >> everyone's been expecting june for quite a few mont
fed officials will update their economic projections and chair janet yellen will hold a press conferenceexplain the decision. michael mckee, bloomberg, new york. anna: joining us in london is a senior investment manager at aberdeen asset management. let's digest what we heard from the fed yesterday. the first line of one of our stories, the u.s. job market is hot, inflation is not. that's clearly where the confusion lies. about this chart for you on the bloomberg. it shows the clear path we've...
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May 18, 2017
05/17
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janet yellen has the biggest position.istake act it, susan, since the interest rate hike a month and a half ago gone from 260 to 220. therefore we should stay in our range as janet yellen will hit the microphone going into the june meeting. >> what levels are you watching, anthony? >> if you look at the chart from yesterday, susan, that buy and that panic trump turmoil buy-in took us above the 21-day moving average. the next big resistance level is 127.01. i think there's still going to be little bit uncertainty or lot of uncertainty in this market. >> today on futures now, we're keeping the bond market conversation going. >>> chief investment strategist will join us to discuss his new bullish call on the s&p. that's at the top of the hour on futuresnow.cnbc.com. "the halftime report" is back right after this. >> announcer: miss the blitz the call of the day or unusual activity? no problem. just go to cnbc.com/halftime to see the moves, the trades, who is winning and who is losing. >>> plus, breaking news and analysis of a
janet yellen has the biggest position.istake act it, susan, since the interest rate hike a month and a half ago gone from 260 to 220. therefore we should stay in our range as janet yellen will hit the microphone going into the june meeting. >> what levels are you watching, anthony? >> if you look at the chart from yesterday, susan, that buy and that panic trump turmoil buy-in took us above the 21-day moving average. the next big resistance level is 127.01. i think there's still...
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May 3, 2017
05/17
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janet yellen needs to answer questions. any announce smont come in a press conference meeting.want to be clear, david. i wasn't expecting them to lay out the plan here. i was expecting them to do twoos tee up the idea and get it more firm in people's minds there is an announcement coming and it's going to come this year. >> and then the minutes -- >> they are trying to do that in speeches. >> they've said that in many, many speeches that are out there, and the trouble you have i think is the trouble dave put out. if they'd made some mention you have to talk about all the mention. that's the thing. the fed is on track i think to come up with a plan assuming the economy comments that would reduce the balance sheet. as dave said, there's a lot of technicalities here that have to be laid out. >> right. >> does the fete ted tell us wh it's going? the rate? any hint will cause massive speculation. they want to do ittal carefully, like qe early on. >> and markets want to know or define at this point, scott, given what was not said in the statement in your view, what does that do to yo
janet yellen needs to answer questions. any announce smont come in a press conference meeting.want to be clear, david. i wasn't expecting them to lay out the plan here. i was expecting them to do twoos tee up the idea and get it more firm in people's minds there is an announcement coming and it's going to come this year. >> and then the minutes -- >> they are trying to do that in speeches. >> they've said that in many, many speeches that are out there, and the trouble you have...
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May 23, 2017
05/17
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high school wiz kids who could be the next janet yellen. best and brightest students are testing their knowledge of economics. steve liesman, host of the competition, got to award the championship trophy. >> dancers, musicians, basketball players and wrestlers. 11,000 unique kids from 40 different states. but they have something in common. they're just about as smart as they come. and they study and really get economics. the winners faced off in the finals of the annual national economics challenge. call it the national spell bee for economics. you can't believe the drama, and you can't believe the brains. >> carl marx and the other famous work is the communist manifesto. >> after more than 20 questions, the teams from mountain view high school in minnesota and chattahoochee high school in georgia were neck and neck. >> the score is now 12-11. >> in the end, mountain view pulled out a win for the fifth time in seven years. >> the equilibrium price and quantity will not change. >> that's correct. [ cheers and applause ] >> mountain view econ
high school wiz kids who could be the next janet yellen. best and brightest students are testing their knowledge of economics. steve liesman, host of the competition, got to award the championship trophy. >> dancers, musicians, basketball players and wrestlers. 11,000 unique kids from 40 different states. but they have something in common. they're just about as smart as they come. and they study and really get economics. the winners faced off in the finals of the annual national economics...
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May 3, 2017
05/17
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as janet yellen distracted by the power game in washington?is clear that andrew jackson would not have raised rates in march. but other than that, no. [laughter] michael: she has always been able to shut out politics. intoannot incorporate this your forecast. so you go with what you can and tells us that they could stick with the forecast for two more this year. tom: i want to go back to on the talksann that michael has been following in washington. is there something wrong about a 15 year bond? you have to live with long-term european paper. is there something immoral about -- 50 yearinch bond french bond? andreas: i don't know if it is immoral. it represents in action. i think the monetary policy of the past 10 years could be framed as questionable. you are basically redistributing wealth from those who have taken on a look at that and who are long financial assets, taking it away from the sabres who are not taking risks. and you are getting monetary risk on their savings. so i think that is the monetary issue. the fact that they are as long
as janet yellen distracted by the power game in washington?is clear that andrew jackson would not have raised rates in march. but other than that, no. [laughter] michael: she has always been able to shut out politics. intoannot incorporate this your forecast. so you go with what you can and tells us that they could stick with the forecast for two more this year. tom: i want to go back to on the talksann that michael has been following in washington. is there something wrong about a 15 year...
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. >> federal reserve chair janet yellen says women have made major strides in the workplace, but saysscrimination may be holding them back today. yellen made the comments in a speech at her alma mater, brown university. she addressed the gap between the number of men and women in the labor force, saying the disparity is likely due to a lack of equal opportunity for women and the challenges of combining work and family. 75% of women work today compared to 88% of men. yellen is the first woman to lead the federal reserve. >> music streaming giant pandora hosted the cinco de mayo mayo my today. this event didn't have margaritas or mar iac hi music. it is the state of latinos since the election. increasing hostility toward latinos who they say have been criminalized by the trump administration. >> not just the onslaught on undocumented immigrants that were seen, but it's a complete attack on the narrative of who latinos are in this country. and i think people are angry about that, that they're being talked about in ways that are untrue. >> latino activists say the attacks have galvanized
. >> federal reserve chair janet yellen says women have made major strides in the workplace, but saysscrimination may be holding them back today. yellen made the comments in a speech at her alma mater, brown university. she addressed the gap between the number of men and women in the labor force, saying the disparity is likely due to a lack of equal opportunity for women and the challenges of combining work and family. 75% of women work today compared to 88% of men. yellen is the first...
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May 31, 2017
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how concerned should mario draghi and janet yellen be?idesharing start up uber hits another bump in the road where the head of the self driving car system to 30 minutes until the end of the session p we have been lower, we have been higher. we are up for the first day today, the currencies are rising against the dollar. sterling earlier today down by .7 percent or quite a rebound. a poll in the last few minutes, 43% labor, 33 percent, a gap of 10%, an increase of 1% from the conservative party versus previous p are we have that projection that it would not even when the majority. so much happening eight days ahead of the election. a week on thursday, which leads reversal data. you can see the hedge against the weaker pound versus the dollar increasing to the highest since january. look at where we were around the brexit referendum. that is when traders were about as negative as they had ever been. that was a fact here that was record never -- negativity against the pound p are we are nowhere near those levels but still, volatility is incr
how concerned should mario draghi and janet yellen be?idesharing start up uber hits another bump in the road where the head of the self driving car system to 30 minutes until the end of the session p we have been lower, we have been higher. we are up for the first day today, the currencies are rising against the dollar. sterling earlier today down by .7 percent or quite a rebound. a poll in the last few minutes, 43% labor, 33 percent, a gap of 10%, an increase of 1% from the conservative party...
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May 5, 2017
05/17
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janet yellenpresident are in -- present. and thank you so much for being with us. we talked about the french election. talk to me about the upward trend for growth worldwide. jean-claude: i think it the global level as it was said in the last meeting of the foreign bank, things seem to go in the right reaction. it is global. as regards the united states, we will see what happens. arelast indicator is we disappointing. it doesn't seem to signal something with low growth. the fed was really optimistic on the median term for the u.s. goals. in europe, we are in a situation that is more favorable than before. there is time is him which is clear -- dynamism which is clear. the first quarter is confirming that. i expect that we will continue on that basis. we are two years late on the united states business cycle because of our own major difficulty with the sovereign risk. confident that we will grow. we have a lot of unemployment. tom: what is the biggest risk to all of this? francine: what about china
janet yellenpresident are in -- present. and thank you so much for being with us. we talked about the french election. talk to me about the upward trend for growth worldwide. jean-claude: i think it the global level as it was said in the last meeting of the foreign bank, things seem to go in the right reaction. it is global. as regards the united states, we will see what happens. arelast indicator is we disappointing. it doesn't seem to signal something with low growth. the fed was really...
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May 31, 2017
05/17
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how concerned should mario draghi and janet yellen be?rt up uber hits another bump in the road where the head of the self driving car unit
how concerned should mario draghi and janet yellen be?rt up uber hits another bump in the road where the head of the self driving car unit
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May 5, 2017
05/17
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off an upset.lls chairman to replace janet yellen at the central bank.ark: disney's guardians of the set offo is set to cros the summer box office. we will take a look at the eagerly anticipated sequel. have a look at where european equities are right now. we are 30 minutes away from the end of the friday session. stocks are rising today. we are at the highest level since august 2015. second weekly gain, for weekly gain in five. all these currencies are rising against the dollar today. the ones in green. and creditodities, default swaps are your final column. let's get to your earnings. iag boosting profits that are than estimated. 9.7%. that is a traditionally sluggish first quarter. gainyear earnings set to as the man on pricing for long-haul routes surging. the brexit vote last june had less of an impact on traffic than the company anticipated with demand gaining. and aer lingus of ireland, discount specialists. risk reversal dropping ahead of the french election. it did the same ahead of the first round. options to one week buy the euro against the d
off an upset.lls chairman to replace janet yellen at the central bank.ark: disney's guardians of the set offo is set to cros the summer box office. we will take a look at the eagerly anticipated sequel. have a look at where european equities are right now. we are 30 minutes away from the end of the friday session. stocks are rising today. we are at the highest level since august 2015. second weekly gain, for weekly gain in five. all these currencies are rising against the dollar today. the ones...
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May 5, 2017
05/17
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that nonfarm payrolls number what the market is focusing on, also six fed speakers, including janet yellenomll get more nuance that previous policy statement, the weaknesses transitory, whether that is still on message. just getting used breaking news, miss, core cpia rising 3% year on year. the consumer price headline amber is 3.4%, i miss -- miss. taking a look at that month on forh figure, up 5.2% philippine consumer prices. the deputy central bank governors saying they are to 6.9%g growth at 6.8% gdp growth over the next couple of years. it's get a check of the first word headlines. the mission to replace obamacare has staggered to the house. republicans mustered just enough support for the new bill. the vote since the bill to the little where it has chance of passing in its current form. itublicans there are wary would cost millions to lose health insurance, but trump said obamacare is dead. has been a catastrophe, and this is a great plan. i think it will get even better, and this is a repeal and replace of obamacare, make no mistake about it. withe public will now see they gave thei
that nonfarm payrolls number what the market is focusing on, also six fed speakers, including janet yellenomll get more nuance that previous policy statement, the weaknesses transitory, whether that is still on message. just getting used breaking news, miss, core cpia rising 3% year on year. the consumer price headline amber is 3.4%, i miss -- miss. taking a look at that month on forh figure, up 5.2% philippine consumer prices. the deputy central bank governors saying they are to 6.9%g growth...
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May 8, 2017
05/17
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o not just move in then you have the janet yellen put back in the markets and all would be well withhe world again, right? >> you are probably correct. the fed has been difficult because if you think about the ,ast time they increased rates the economy was demonstrably weaker than it has been, so it seems to me as if they shifted their attention away from with the economy is doing more to just trying to gain altitude in case something bad happens that could allow them to raise fed funds now a couple of times, and at least they have some room to operate in. vonnie: what is your call for rate increases this year right now? >> probably one more. vonnie: after june? >> unless we weaken markedly, which we will weaken some, but i don't think it will be enough to dissuade them from june. vonnie: what happens to other asset classes in the environment you are foreseeing? does the dollar weaken? of the globeest weakens, the dollar tends to do would be my expectation, that the dollar would be stable, maybe a bit higher from here. where it is going to become very interesting is just the idea tha
o not just move in then you have the janet yellen put back in the markets and all would be well withhe world again, right? >> you are probably correct. the fed has been difficult because if you think about the ,ast time they increased rates the economy was demonstrably weaker than it has been, so it seems to me as if they shifted their attention away from with the economy is doing more to just trying to gain altitude in case something bad happens that could allow them to raise fed funds...
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we will also hear from fed chair janet yellen who will be seeking a women's event at university. lauren: it's been an ugly week for energy. oil prices below $45, falling 5% and giving up their entire gains for the year. still down this morning. 45.51 a barrel. nicole: uber reportedly being crimely investigated by the justice department over a software tool used by the drivers that helped them to evade local regulators. software known as gray ball and it helped uber circumvent law enforcement agencies that were trying to clamp down on services in certain areas where it was not permitted. the investigation reportedly is looking at into how some of the uber's drivers actually used the software. lauren: we have news jobs numbers coming out later this morning. economists are predicting 185,000 jobs, big improvement from 98,000 that we saw in march. unemployment rate expected to rise 4.6% from 4.5%. the data could help fed whether to raise interest rates in june. be sure to watch maria bartiromo for a complete coverage of job's report starting at 8:00 o'clock this morning right here on
we will also hear from fed chair janet yellen who will be seeking a women's event at university. lauren: it's been an ugly week for energy. oil prices below $45, falling 5% and giving up their entire gains for the year. still down this morning. 45.51 a barrel. nicole: uber reportedly being crimely investigated by the justice department over a software tool used by the drivers that helped them to evade local regulators. software known as gray ball and it helped uber circumvent law enforcement...
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May 9, 2017
05/17
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as the labor market tightens, janet yellen and the federal reserve are debating the timing for additionalses this year. the problem is that there is more uncertainty than usual over how many people want jobs, making it hard to pinpoint how much unemployment has to be tolerated to fend off inflation. the background cuts the -- counts the unemployment as people who do not have a job and are available for work. a wider measure of people needing work would count other potential jobseekers. the bureau of labor statistics reports about 155,000 americans are in the category of discouraged workers. that is people who stopped looking for jobs because there were no opens -- openings. policymakers are divided about how close the economy is to full employment. some think that short-term interest rates should rise more to discourage inflation. others think rates should be held near zero for longer because inflation is still below the fed target. you can read more about unemployment and all of our quick takes on the bloomberg. mark: moon is addressing his supporters in the nation. he has declared victo
as the labor market tightens, janet yellen and the federal reserve are debating the timing for additionalses this year. the problem is that there is more uncertainty than usual over how many people want jobs, making it hard to pinpoint how much unemployment has to be tolerated to fend off inflation. the background cuts the -- counts the unemployment as people who do not have a job and are available for work. a wider measure of people needing work would count other potential jobseekers. the...
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May 12, 2017
05/17
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janet yellen is here as well.ral reserve in the united states but the discussion that mr. mnuchin is taking part in and leading actually, one of those discussions has to do with cybersecurity, one issue that's not on the table trade is a big topic here because the new policies for the trump administration of america first have certainly brought into question among our eu and g-7 trading partners what that means for them, so we got a chance to briefly speak with secretary mnuchin, here is what he said. >> i think we are excited about u.s. trade policies and i think you probably saw last night we made announcement with economic plan with the chinese, i think we are happy with that. adam: now that was secretary mnuchin but when you speak to different finance ministers, there's a different take on the u.s.' america first policies and we had the chance to speak with the eu commissioner pierre and he said, well, globalization is what this is all about and that has yet to be seen. listen to him in his own words. >> ameri
janet yellen is here as well.ral reserve in the united states but the discussion that mr. mnuchin is taking part in and leading actually, one of those discussions has to do with cybersecurity, one issue that's not on the table trade is a big topic here because the new policies for the trump administration of america first have certainly brought into question among our eu and g-7 trading partners what that means for them, so we got a chance to briefly speak with secretary mnuchin, here is what...
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May 8, 2017
05/17
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is the rhetoric and the fomc turning more toward her side versus less toward janet yellen side -- janet yes. especially since the u.s. election, they are more focused on outside risk and kind of the idea that what is going to knock us off of this path as opposed to what is going to make them actually raise rates. the interesting thing is, some of the data inserted to look a little softer and like they are rolling over and so there is a bit of a tension that needs to be resolved over the next few days and weeks. alix: saying the balance sheet not as big unit -- of an impact as earlier and to not worry about the credit risk on the balance sheet portfolio. what is the conversation about the balance sheet? what are we going to learn from the minutes? >> there has been talk about the balance sheet in the conversation and debate. it has been light on details. the one thing everyone seems to become a lesson around is the idea that they want to start this process by the end of the year. the question is whether we have gotten closer to hammering out details in the fomc meeting last week or if it
is the rhetoric and the fomc turning more toward her side versus less toward janet yellen side -- janet yes. especially since the u.s. election, they are more focused on outside risk and kind of the idea that what is going to knock us off of this path as opposed to what is going to make them actually raise rates. the interesting thing is, some of the data inserted to look a little softer and like they are rolling over and so there is a bit of a tension that needs to be resolved over the next...
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May 1, 2017
05/17
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we'll get his facts on everything from president trump to janet yellen and taxing and a little bit aboutnomy. be sure to join us for 8:00 a.m. eastern time. >>> some stocks to watch today. keep an eye on casino stocks out of china. 16.3% in april. top expectations and more high rollers last month, the stocks really not moving this morning stateside. >>> barrons so bullish on caterpillar. if the company benefits from commodity prices as well as the prompt of a big infrastructure price. >>> barons saying going bullish on nextera energy use. nextera is regulated utilities to move power across north america. >>> more stocks to watch, u.p.s. maintenance workers could be heading for a strike. employees sent a letter to the u.p.s. ceo over the weekend calling for the company to keep its current health plan in place. the union also calling for the company's shareholder meeting later this week. >>> elliott management will pete with bph shareholders this week. and twitter's ceo jack dorsey buying more than half a million of the company's shares to 9 pat $5 million. dorsey's total holdings to aroun
we'll get his facts on everything from president trump to janet yellen and taxing and a little bit aboutnomy. be sure to join us for 8:00 a.m. eastern time. >>> some stocks to watch today. keep an eye on casino stocks out of china. 16.3% in april. top expectations and more high rollers last month, the stocks really not moving this morning stateside. >>> barrons so bullish on caterpillar. if the company benefits from commodity prices as well as the prompt of a big...
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May 1, 2017
05/17
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so, you know, its makes sense to go gradually which is what they're doing. >> if not janet yellen, who one and historically have thought about that role? meaning, the sort of balance between hawkish and dovish? >> i think the main thing -- if you look at janet she was characterized early on as a dove and she cares a lot about jobs and employment and she's raising interest rates because of inflation, to head off any inflation problems. she's got a very balanced perspective and she's -- what she is is an independent thinker. very well informed and strong economist. and that's what you need. you need somebody who will be independent, who will make decisions on the long run needs of the economy and who will use the best knowledge we have which is of course imperfect. >> you have to be an economist. i have thrown out the name gary cohn. over the years in recent memory there have been economists. paul volcker wasn't an economist. >> but he had a lot of experience at the fed for sure. i think having a lot of experience in fed monetary policy, those things would be helpful but it's not the onl
so, you know, its makes sense to go gradually which is what they're doing. >> if not janet yellen, who one and historically have thought about that role? meaning, the sort of balance between hawkish and dovish? >> i think the main thing -- if you look at janet she was characterized early on as a dove and she cares a lot about jobs and employment and she's raising interest rates because of inflation, to head off any inflation problems. she's got a very balanced perspective and she's...
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May 30, 2017
05/17
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we have janet yellen ones.ve ben bernanke ones in a helicopter dropping money on people. >>> when we return, defense stocks getting a boost. we'll look at the trump bump and where the sector could go from here. "squawk box" returns in a moment. when this bell rings... ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions, by sensing cyber-attacks in near real time and automatically deploying countermeasures. keeping the world of business connected and protected. that's the power of and. but we should be seeing more range of motion.k good, i'm fine. okay, well let's see you get up from the couch. i'm sorry, what? grandpa come. at cognizant, we're uniting doctors, insurers and patients on a collaborative care platform, making it easier to do what's best for everyone's health, every step of the way. you may need more physical therapy. ugh... am i covered for that? yep. l
we have janet yellen ones.ve ben bernanke ones in a helicopter dropping money on people. >>> when we return, defense stocks getting a boost. we'll look at the trump bump and where the sector could go from here. "squawk box" returns in a moment. when this bell rings... ...it starts a chain reaction... ...that's heard throughout the connected business world. at&t network security helps protect business, from the largest financial markets to the smallest transactions, by...
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May 31, 2017
05/17
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janet yellen's term is up next february.e see an extrader like cohn leave the fed? >> it would be an interesting thing, it's not required to have an academic background around he's done a good job at goldman sachs. i guess my sense is that since his background is more in markets than monetary policy that i think initially he would be very, very interested and working closely with the fed staff. i think sara and david it's important that yellen if she indeed is not reappointed it's important that yellen have the balance sheet wind down, basically worked out. so the new federal chair whoever he or she is is not finding out that difficult process. i think we'll learn more in june. >> what are your expectations in europe in terms of draghi and what we'll see there? you see the emerging marketing being attractive, but is over yields over in europe are still negative to a large extent. >> you know, david, you read our mind on that. europe has really benefited from the tail wind. the data has been strong. they grew faster in the u.
janet yellen's term is up next february.e see an extrader like cohn leave the fed? >> it would be an interesting thing, it's not required to have an academic background around he's done a good job at goldman sachs. i guess my sense is that since his background is more in markets than monetary policy that i think initially he would be very, very interested and working closely with the fed staff. i think sara and david it's important that yellen if she indeed is not reappointed it's...
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May 16, 2017
05/17
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i go back to what janet yellen said at jackson hole last august where she almost intimated that the fedd to start collecting some bullets in the chamber to have conventional policy armor to fight the next recession. the fed is already thinking about the next cycle. there's other reasons beyond where core inflation is now that has the fed moving more aggressively than what anybody would have thought 6, 12 months ago. >> how do you read the market resilience to the headlines, controversies, the noise out of washington? this morning clearly the white house is on the defensive, refuting that "washington post" and "new york times" story. is it that tax reform was never priced into the market or that the market doesn't believe this derails it? >> i think that you still have a -- a wide swath of market players and pundits who belief that these distractions are not going to derail tax reform or tax relief this year. i still think that's embedded in valuations. so i think that there's a lot of people that are just viewing what's happening in the white house as distractions, but basically just no
i go back to what janet yellen said at jackson hole last august where she almost intimated that the fedd to start collecting some bullets in the chamber to have conventional policy armor to fight the next recession. the fed is already thinking about the next cycle. there's other reasons beyond where core inflation is now that has the fed moving more aggressively than what anybody would have thought 6, 12 months ago. >> how do you read the market resilience to the headlines, controversies,...
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May 24, 2017
05/17
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quite a strong impression in the market that they at least want to have a plan in place before janet yellen's term comes to end next spring. so, there is some -- the risk time is getting shorter. the market needs to know what it will do. that's a big signal for the u.s. dollar that the balance sheet is huge, 4.5 trillion u.s. dollars. there are some fed officials who indicated it should be a 2 trillion handle. now, if that happens, that could be a big draw of liquidity of dollars out of the global system. we do need to start thinking about and need to know what the fed are planning from that balance sheet, when they want to start draining those dollars out of the system. and hopefully there may be a signal with that in these minutes. >> to be honest, yesterday that fed official i was talking about said that the reduction of the balance sheet by the fed would be like watching paint dry. maybe it won't be as unsettling to the market if we only get two hikes from the fed this year, do you think it's enough to kick start the dollar bull run again? >> probably not. i think that there's a different
quite a strong impression in the market that they at least want to have a plan in place before janet yellen's term comes to end next spring. so, there is some -- the risk time is getting shorter. the market needs to know what it will do. that's a big signal for the u.s. dollar that the balance sheet is huge, 4.5 trillion u.s. dollars. there are some fed officials who indicated it should be a 2 trillion handle. now, if that happens, that could be a big draw of liquidity of dollars out of the...
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May 26, 2017
05/17
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janet yellen's speech and then, not knowing how to talk about it, being worried about a taper tantrum, gradually got junior members talking openly about it, and now everyone is having this full discussion. by the time they get around to it, we will probably be sick of talking about it. francine: do you agree with that? the other school of thought is andmarket is short-termism, anything six months away, they ignore. jon: markets seem to have the attention span of a mosquito at this point. anything that shocks the markets tends to last less than 24 hours. we focus on near-term events. i would expect them to be very cautious. they are fully aware of it. they've studied this for many years. it is going to be well thought out and cautiously communicated and they are going to go ahead with their rate hikes. what the fed faces is that the market is not buying into their forecast. the market has been ignoring it, has continued to ignore. they've communicated to us clearly the intent to hike. to market is pricing closer 1 -- francine: because they are looking at the data. jon: data is still go
janet yellen's speech and then, not knowing how to talk about it, being worried about a taper tantrum, gradually got junior members talking openly about it, and now everyone is having this full discussion. by the time they get around to it, we will probably be sick of talking about it. francine: do you agree with that? the other school of thought is andmarket is short-termism, anything six months away, they ignore. jon: markets seem to have the attention span of a mosquito at this point....
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May 5, 2017
05/17
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janet yellen at 11:30.s see how they react to the jobs report but in general what i'm hearing is that the idea of the fed being on track for that june rate hike and the economy back on track after that nice jobs report this morning, guys. >> and that is a cinco de mayo celebration. although central bankers. thank you. steve liesman breaking down the jobs report. a mixed picture for stocks and treasuries. we're looking ahead for cues on rate hike timing as steve mentioned from today's speeches from fed chairman yellen and from stanley fischer. joining us to discuss this and more, former federal reserve vice chairman alan blinder. welcome to you. >> thank you. >> so do you think that the wage growth was a soft spot given we're at a 4.4% unemployment rate and job growth rebounded at a very healthy way in the month of april? >> yeah, a soft spot and a surprising soft spot. i mean, i think if you asked any economist a year and half ago what wages would be doing if the unemployment rate was around 4.5% for some m
janet yellen at 11:30.s see how they react to the jobs report but in general what i'm hearing is that the idea of the fed being on track for that june rate hike and the economy back on track after that nice jobs report this morning, guys. >> and that is a cinco de mayo celebration. although central bankers. thank you. steve liesman breaking down the jobs report. a mixed picture for stocks and treasuries. we're looking ahead for cues on rate hike timing as steve mentioned from today's...
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May 5, 2017
05/17
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for example, janet yellen spoke about this out here at stanford about a month, two months ago, and talked a variety of rules that they look at. now, the issue is whether they wait any one particular rule over others and as you know, i'm sitting next door to where stan is speaking. and the other guy in there is john taylor -- >> also close to mr. taylor, yes, mr. taylor might have a thought or two on this. >> well, and john is moderating that session. so after we're done, i'll probably sneak over there and hear what they're saying. but i think what stan is saying essentially is that the taylor rule is one of many rules and it is -- while it has shown to be impeerically relevant, i think his point is we're not willing to be wedded to that particular rule. that's really what the controversy is about. i don't think that these guys really do things in a vacuum, they're always looking at data and have to benchmark that data against something. to the extent that they say they're not looking at rules, i think that's not quite true. >> well, listen, you're interesting to talk on this topic, but i'
for example, janet yellen spoke about this out here at stanford about a month, two months ago, and talked a variety of rules that they look at. now, the issue is whether they wait any one particular rule over others and as you know, i'm sitting next door to where stan is speaking. and the other guy in there is john taylor -- >> also close to mr. taylor, yes, mr. taylor might have a thought or two on this. >> well, and john is moderating that session. so after we're done, i'll...
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May 5, 2017
05/17
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their janet yellen is the headliner speaking on women's participation in the economy at 1:30 easternime. we'll also hear from vice chair stan fisher and presidents john williams, on the earnings front, cigna, moody's and transcanada report before the bell. >>> still to come, becky has more on warren buffett's big ibm move. an expert's take ahead of this weekend's french election and we're counting down to the jobs report. we have a busy friday morning for you. stay tuned. arns. it's great to finally meet you. nice to meet you too. your parents have been talking about you for years. sorry about that. they're all about me saving for a house, or starting a college fund for my son. actually, i want to know what you're thinking. have a seat. knowing that the most important goals are yours. multiplied by 14,000 financial advisors, it's a big deal. and it's how edward jones makes sense of investing. you...smells fine, but yourin your passengers smell this bell dinging new febreze car with odorclear technology cleans away odors... ...for up to 30 days smells nice... breathe happy, with new f
their janet yellen is the headliner speaking on women's participation in the economy at 1:30 easternime. we'll also hear from vice chair stan fisher and presidents john williams, on the earnings front, cigna, moody's and transcanada report before the bell. >>> still to come, becky has more on warren buffett's big ibm move. an expert's take ahead of this weekend's french election and we're counting down to the jobs report. we have a busy friday morning for you. stay tuned. arns. it's...
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May 22, 2017
05/17
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these are stocks you've got to see and searching for the next janet yellen or ben bernanke as we put the best and brightest high school economic students around the country to the test. more halftime report right after this. there's nothing traditional about my small business so when it comes to technology, i need someone that understands my unique needs. my dell small business advisor has gotten to know our business so well that is feels like he's a part of our team. with one phone call, he sets me up with tailored products and services. and when my advisor is focused on my tech, i can focus on my small business. ♪ ♪ >>> a big reason why we continue to watch defense stocks. you own a lot? >> we don't. we missed this. but if you're going to look for a bupullback, but you've good t good tail wind. >> i didn't meanmy. >> this is a pretty bold call. obviously, it's in the mall space. look, it trades cheaply on earnings. it's close to selling at book value, but here's the thing. if you're going to be in the mall, you've got to wonder about a $500 million market cap stock. that's really r
these are stocks you've got to see and searching for the next janet yellen or ben bernanke as we put the best and brightest high school economic students around the country to the test. more halftime report right after this. there's nothing traditional about my small business so when it comes to technology, i need someone that understands my unique needs. my dell small business advisor has gotten to know our business so well that is feels like he's a part of our team. with one phone call, he...
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have unchanged decision from the fed that policy meeting wrapping up, no press conference from janet yellen, we expect that to get, next meeting june. at the same time they have two more job's report that is they have to look out, one of them coming this friday and based on adp, that report can be a game-changer. it looks like right now we have the disconnect, the labor market is certainly a lot stronger than the real underlying economy. i think the fed needs to get clarity, it was sort of q1, a bleep, are we going the get a little better growth. i just think the fed, if i was advising the fed i would say, go slow, we don't see inflation getting out of hand, if you start doing something with the balance sheet too early, that will cause up-evil in the financial markets and we are right back to be a drag in the economy. >> market positive. cheryl: we are watching the dow turning positive on this. we are close to 21,000 number, a lot could happen in the last two hours of trading. 20,950. 21,000 could be coming and also, i had to say this adam, i was wondering if they were going to mention anyt
have unchanged decision from the fed that policy meeting wrapping up, no press conference from janet yellen, we expect that to get, next meeting june. at the same time they have two more job's report that is they have to look out, one of them coming this friday and based on adp, that report can be a game-changer. it looks like right now we have the disconnect, the labor market is certainly a lot stronger than the real underlying economy. i think the fed needs to get clarity, it was sort of q1,...
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May 7, 2017
05/17
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. >> do you think janet yellen is doing the right thing in -- in gradually raising rates?nk, you know -- well i don't want to be second-guessing her. because after all she's the one in the chair. i think she's taken a cautious approach. but she's recognizing that the u.s. economy is now pretty close to full employment. we don't know exactly. but pretty close. inflation seems to be gradually rising towards the fed's target of 2% a year. so, clearly, it's appropriate to begin that process, and again, very cautiously but, i think so far that she has done a fine job, and is helping to navigate the economy through some tricky times. >> and in your book one of the central questions you're sort of trying to answer is, could we have prevented this crisis. and one of the things you say is, well, probably if the fed had raised rates you might have been able to have some effect on it. but i want to ask you a broader question. it does seem as though the hardest thing in a democracy is to inflict pain when it doesn't seem like there's a crisis. and for the last 20, 25 years it seems li
. >> do you think janet yellen is doing the right thing in -- in gradually raising rates?nk, you know -- well i don't want to be second-guessing her. because after all she's the one in the chair. i think she's taken a cautious approach. but she's recognizing that the u.s. economy is now pretty close to full employment. we don't know exactly. but pretty close. inflation seems to be gradually rising towards the fed's target of 2% a year. so, clearly, it's appropriate to begin that process,...
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May 9, 2017
05/17
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BLOOMBERG
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let's take policy from janet yellen.lation is not going anywhere in a hurry. >> that is a possibility, but you have to think about the negative impact of having the positive rate at -.4. there was a move to compensate for other central bank's using and to keep the euro lower. that is not needed anymore because the fed is hiking. that negative interest rates, banks in europe have a harder time lending. some normalization needs to happen, at least in the form of forward guidance. later in the year, maybe -- guy: with the translation mechanism. we will be back with alberto gallo and vincent chaigneau shortly. a big day of earnings in europe. we will speak with the eon cfl. also, we will be talking about the u.k. we will be capping energy prices. what does that mean in terms of profit and policy? that is next here on bloomberg. ♪ guy: good morning. abouttalk a little bit how we refocus this morning from the weekend. tom: what i have noticed is a sobering understanding of what will happen in france. we saw the protest at the
let's take policy from janet yellen.lation is not going anywhere in a hurry. >> that is a possibility, but you have to think about the negative impact of having the positive rate at -.4. there was a move to compensate for other central bank's using and to keep the euro lower. that is not needed anymore because the fed is hiking. that negative interest rates, banks in europe have a harder time lending. some normalization needs to happen, at least in the form of forward guidance. later in...
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May 3, 2017
05/17
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coming up, janet yellen has decided to keep rates unchanged.led the fed's intention for june? six warningnts out signs for stocks. this is bloomberg. ♪ for the: decision day federal reserve. the latest policy decision at 2:00 eastern time with economists expecting no change in rates. the treasury watching as they are studying the cost of benefits of ultralong bonds. still with us is paul hickey. when the statement comes out today they forgot to tread the fine line to his knowledge the weaker data we have seen and keep june alive. >> that's going to be the most interesting part of the statement. you have odds being priced with the hike. officials suggest some of the weakness is temporary. that there iss some transient element to it. we will have a couple of data points. end of have payrolls the this week and on may 12 you will have cpi and individual sales. jonathan: there is a narrative that they are on autopilot and they are not data dependent at all. they give us the balance sheet at the end of the year. what will stop them from coming on aut
coming up, janet yellen has decided to keep rates unchanged.led the fed's intention for june? six warningnts out signs for stocks. this is bloomberg. ♪ for the: decision day federal reserve. the latest policy decision at 2:00 eastern time with economists expecting no change in rates. the treasury watching as they are studying the cost of benefits of ultralong bonds. still with us is paul hickey. when the statement comes out today they forgot to tread the fine line to his knowledge the weaker...
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May 5, 2017
05/17
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janet yellen toyed with that idea.cause shifts and make sure the recovery sustainable because it is in no one's interest if we have a bull, which is not sustainable, and we end up with severe bubbles, and even deeper recession, perhaps like last time. jonathan: steve, is it sustainable a 2.2%? what are the chances? steve: very close to zero. if you look at the productivity numbers of yesterday, maybe you get 1% labor growth, that is what we are sitting at 2%. to 3%, but your boring from the future and potentially risking higher interest rates and inflation. get to 3%, and we should be optimistic about trying, you have to address fundamental problems. tell the you try to electorate that 2% is the best we can do, and that is not a great message to send to the alleged threat. beyond that, if you are a politician, what is your incentive to deliver the kind of reforms that may take a decade to see the fruits of that labor. what is the incentive for him to do that? >> you can try adjusting the economy, but even in the short
janet yellen toyed with that idea.cause shifts and make sure the recovery sustainable because it is in no one's interest if we have a bull, which is not sustainable, and we end up with severe bubbles, and even deeper recession, perhaps like last time. jonathan: steve, is it sustainable a 2.2%? what are the chances? steve: very close to zero. if you look at the productivity numbers of yesterday, maybe you get 1% labor growth, that is what we are sitting at 2%. to 3%, but your boring from the...