116
116
Feb 2, 2015
02/15
by
CNBC
tv
eye 116
favorite 0
quote 0
january pmi at 51. a look at economic growth. a good gauge, of course, of economic growth across the eurozone. german pmi which accounts for fifth of the economy come at 50.9. the number out of december did disappoint according to surveys for purchasing managers. the eurozone economy picking up in january. as you can see the euro strengthening against the u.s. dollar at 113.28. final manufacturing pmi coming in at a six-month high. we'll have that has been predicated on the lower oil prices. many manufacturers are hiring more. which is signal. >> we're starting to see the effect. on that note we're keeping a close eye on earnings. julius baer shares are trieding higher. the swiss bank introduced a cost cutting program. caroline is inzurich. >> good morning. shares are outperforming on the sm,000 morning. there are high advisement. 7.7% this morning. on a couple of factors. let me kick off with earnings. it wasn't so surprising. it wasn't the big surprise coming from julius baer this morning. the big surprise it was the dividend n
january pmi at 51. a look at economic growth. a good gauge, of course, of economic growth across the eurozone. german pmi which accounts for fifth of the economy come at 50.9. the number out of december did disappoint according to surveys for purchasing managers. the eurozone economy picking up in january. as you can see the euro strengthening against the u.s. dollar at 113.28. final manufacturing pmi coming in at a six-month high. we'll have that has been predicated on the lower oil prices....
76
76
Feb 20, 2015
02/15
by
BLOOMBERG
tv
eye 76
favorite 0
quote 1
the composite pmi 52.2. a mix, but he put them together and it is a little bit better than expected. that is the french data. in 28 minutes, we will get the german pmi. we will bring them to you live on bloomberg. the other big piece we are all watching today is crunch time in brussels. finance ministers holding talks today to try to find the agreement over greece before the end of the month. yesterday, greece proposed a six-month loan extension. minutes later, germany's finance minister rejected greece's request. that move prompting this angry reaction from greece's deputy pm. >> we must realize that at this moment it appears that there are powers that would like greece on its knees so they can impose their will. i believe we can all think of what helps our country and what helps these powers. >> our international correspondent hounds nichols joins us from brussels. all of this playing out in a very public arena. >> it's public, it is getting to be personal and in many cases getting to be kind of nasty. her
the composite pmi 52.2. a mix, but he put them together and it is a little bit better than expected. that is the french data. in 28 minutes, we will get the german pmi. we will bring them to you live on bloomberg. the other big piece we are all watching today is crunch time in brussels. finance ministers holding talks today to try to find the agreement over greece before the end of the month. yesterday, greece proposed a six-month loan extension. minutes later, germany's finance minister...
85
85
Feb 4, 2015
02/15
by
CNBC
tv
eye 85
favorite 0
quote 0
pmi 51.8 this morning. down from 53.4. more importantly in the week manufacturing pmi. such a crucial gauge were china. 49.8. below 50 in contraction territory for the first time in 2.5 years. so once again we've seen the chinese central bank willing to react to short-term slow downs in the economy. some of the flashes coming out at the moment. they're saying they made this move to help keep the economy stable and they will guide appropriate growth in social financing and seeing a cut as we have said reacted to short-term disappointments. >> and this of course follows that surprise decision by the central bank in november to cut their interest rate the first time in two years as some of the data coming out of china, specifically around pmi and factory orders coming in weaker than expected putting focus on the central bank to take action and stimulate the economy in response. we have been looking at futures trading lower. spot gold trading higher. up about .7%. commodity backed currencies have been strengthening. china's currency is also strengthening against the u.s. do
pmi 51.8 this morning. down from 53.4. more importantly in the week manufacturing pmi. such a crucial gauge were china. 49.8. below 50 in contraction territory for the first time in 2.5 years. so once again we've seen the chinese central bank willing to react to short-term slow downs in the economy. some of the flashes coming out at the moment. they're saying they made this move to help keep the economy stable and they will guide appropriate growth in social financing and seeing a cut as we...
47
47
Feb 2, 2015
02/15
by
BLOOMBERG
tv
eye 47
favorite 0
quote 0
pmi. i want to talk about the tax policy.k obama makes an opening bid and it is released today. he will propose a minimum on future foreign earnings. nice to have hans nichols joining us now. give us the details. >> the budget proposal is normally a one-day story. you mentioned 19% on the future foreign income and there is no need to get excited about that. this is different because it represents an opening bid on corporate tax reform, something the republicans want to work on. we talked about a corporate tax rate for all earnings and the numbers are complicated here. this is not a sheer repatriation. it does represent a step towards repatriation and taxes regardless of whether or not you bring the assets of home. you'll still pay 14%. a little bit on the future earnings. this would happen whether or not you brought it home or not. you will get a tax credit. if you are paying 19% in the u.k., the effective tax rate would be about zero. this is the most significant and gives you a sense of the opening bid. you could see the de
pmi. i want to talk about the tax policy.k obama makes an opening bid and it is released today. he will propose a minimum on future foreign earnings. nice to have hans nichols joining us now. give us the details. >> the budget proposal is normally a one-day story. you mentioned 19% on the future foreign income and there is no need to get excited about that. this is different because it represents an opening bid on corporate tax reform, something the republicans want to work on. we talked...
80
80
Feb 20, 2015
02/15
by
CNBC
tv
eye 80
favorite 0
quote 0
germany is down and both had decent services pmi, manufacturing pmi was a little disappointing. overall the data not too bad. the german ppi data produced price inflation what really set the yoreuro he on a downward trend this morning. the russian index is down 0.7%. we've been focusing on the u.s. ten year that started that trend about a week or so to push above 2%. it came off a little bit as the fed was relatively dovish early in the week. back on 2.1%. a sense of positivity about the outlook for the u.s. economy which has seen profit taking in the yields tick inging up. the ten-year german yield remains below 0.4%. we've seen a similar move in the uk to that in the u.s., yields have ticked up as expectations have increased at the margin the last week or so with strong wage inflation. we get public sector finance data at 9:30 for the uk. ten-year greek yield, 9.83%. below 10%. perhaps more positivity but, of course, that moves around every day quite significantly. the euro as we said has had a slide after german ppi disappointed 4.1%. more volatile relating to the greek situa
germany is down and both had decent services pmi, manufacturing pmi was a little disappointing. overall the data not too bad. the german ppi data produced price inflation what really set the yoreuro he on a downward trend this morning. the russian index is down 0.7%. we've been focusing on the u.s. ten year that started that trend about a week or so to push above 2%. it came off a little bit as the fed was relatively dovish early in the week. back on 2.1%. a sense of positivity about the...
137
137
Feb 13, 2015
02/15
by
KCSM
tv
eye 137
favorite 0
quote 0
a pmi reading of 50 separates expansion from contraction and in january it stood at 49.8. down 0.3 percentage points since december. meanwhile, new orders which indicate where the economy is going also slipped from the previous month. new export orders alone went down to 48.4. the sub index for employment dropped to 47.9. economists at a government think tank say most indices are heading south, indicating the economy remains on a down trend. while the government tracks data from large state owned companies, the hsbc's pmi gauges the small and mid sized firms and it grew but stayed below the line of 50 for two straight months. >>> now, bosses in auto industry are negotiating some fast moving trends. none more so than in japan and south korea. foreign exchange rates having major impact in both countries, positive and negative. we start with japan where two major players released earnings results, honda motor at the end of january, and toyota motor on wednesday. another earnings report in yet another milestone past. toyota executives announced results for nine month period en
a pmi reading of 50 separates expansion from contraction and in january it stood at 49.8. down 0.3 percentage points since december. meanwhile, new orders which indicate where the economy is going also slipped from the previous month. new export orders alone went down to 48.4. the sub index for employment dropped to 47.9. economists at a government think tank say most indices are heading south, indicating the economy remains on a down trend. while the government tracks data from large state...
66
66
Feb 2, 2015
02/15
by
BLOOMBERG
tv
eye 66
favorite 0
quote 0
in pmi.he medium sector is in trouble, but now we see a slowdown. that tells you it is not going to be a good quarter in terms of gdp activity. china needs probably more monetary easing. >> they are talking about this monetary easing. close to 13 with australia possibly making this decision 13 easing their policies overall. how complicated does monetary policy turn in 2015? >> the problem you have in asia is that we've been living beyond our means. we have increased leverage quite a bit, and now we need to do leverage some cases. monetary policy needs to be quite loose. that is one factor. the u.s. is at the brink of tightening monetary conditions. it goes in separate ways. probably, some of the eastern currencies need to be on the weak side. it gets more competent and for asian central banks. some tailwind you get from lower oil prices, but i think it is going to fade out over the next year. resources inf china, nickel, lead, aluminum, small-market deficits in 2015 -- is that going to contin
in pmi.he medium sector is in trouble, but now we see a slowdown. that tells you it is not going to be a good quarter in terms of gdp activity. china needs probably more monetary easing. >> they are talking about this monetary easing. close to 13 with australia possibly making this decision 13 easing their policies overall. how complicated does monetary policy turn in 2015? >> the problem you have in asia is that we've been living beyond our means. we have increased leverage quite a...
131
131
Feb 2, 2015
02/15
by
BLOOMBERG
tv
eye 131
favorite 0
quote 0
the important take away is that the last time we saw these sorts of pmis was in the back end of 2011.hat was when the authorities in china did decide to roll out some cuts. we have reviewed that that is probably quite likely, possibly a company by another rate cut as soon as this quarter. i think it was the chinese in a very difficult position. we do have growth around 8%. even though, ostensibly monetary conditions are even nevertheless, we are seeing this pressure on the manufacturing sector. >> exports is slowing down. the property arena is also slowing down. is this a significant red flag or is it just normal? >> it is not a red flag. not as yet. i think we are still getting essentially discrete default events. this seems to be a lot of motivation to protect creditors both international and domestic. i don't see a broad fallout yet in the property sector. the external sector performance is less important in terms of contribution to direct gdp. we can see a little bit of that impact in the trade deficit numbers in the u.s. over the weekend. nevertheless, i still think the downward
the important take away is that the last time we saw these sorts of pmis was in the back end of 2011.hat was when the authorities in china did decide to roll out some cuts. we have reviewed that that is probably quite likely, possibly a company by another rate cut as soon as this quarter. i think it was the chinese in a very difficult position. we do have growth around 8%. even though, ostensibly monetary conditions are even nevertheless, we are seeing this pressure on the manufacturing sector....
65
65
Feb 2, 2015
02/15
by
BLOOMBERG
tv
eye 65
favorite 0
quote 0
manufacturing pmi numbers.details. >> a slightly better read than expected for the u.s. pmi according to the market economics index. 53.9, a little bit higher than the preliminary read in january. the initial read, a one-year low. we have it take a little bit higher. the yield has already been at session highs of 1.6972%. not much movement there, but there is a slightly better read than anticipated -- for pmi. we will get manufacturing on top of the next hour. i will bring those to you. >> thank you. a mix to read their on the stock. we will be right back. ♪ >> could there be a housing turnaround? with me now to discuss, erik schatzker. is there? >> well, alex, there are some trends favoring the first-time homebuyer. the first-time homebuyer is, so to speak, the problem here. fewer than 30% of previously owned sold homes in 2014 went to first-time buyers. 29% is the figure. the lowest since international realtors started tracking the data back in 2008. why is it so difficult for these people to buy homes questi
manufacturing pmi numbers.details. >> a slightly better read than expected for the u.s. pmi according to the market economics index. 53.9, a little bit higher than the preliminary read in january. the initial read, a one-year low. we have it take a little bit higher. the yield has already been at session highs of 1.6972%. not much movement there, but there is a slightly better read than anticipated -- for pmi. we will get manufacturing on top of the next hour. i will bring those to you....
44
44
Feb 10, 2015
02/15
by
BLOOMBERG
tv
eye 44
favorite 0
quote 0
jonathan: do we have to start looking at the pmi manufacturing numbers? when it was still in contraction territory, it was better on the previous month this month, what are the proxies you're looking at when you look at china? ramin: funnily enough we look at the iron ore price. jonathan: that tells you a lot. ramin: that has been collapsing. the copper price has also been very weak. less commodities and more of the consumer led that is the big shift we are going to see. that can affect the whole global economy. >> you see chinese stocks go higher people start talking about stimulus. last week's action from the people's bank of china and in november when they cut the benchmark rates, when i look at the reserve rate requirement and a 50 basis point cut, that is not an aggressive cut, that is the tweak on the fringes. what is your view? have they really blinked yet? ramin: i think the story here is passive tightening. i think your re-rate rises. what they have to do is cut rates to compensate for the inflation falling. if you look at the market markets didn
jonathan: do we have to start looking at the pmi manufacturing numbers? when it was still in contraction territory, it was better on the previous month this month, what are the proxies you're looking at when you look at china? ramin: funnily enough we look at the iron ore price. jonathan: that tells you a lot. ramin: that has been collapsing. the copper price has also been very weak. less commodities and more of the consumer led that is the big shift we are going to see. that can affect the...
174
174
Feb 27, 2015
02/15
by
CNBC
tv
eye 174
favorite 0
quote 0
chicago pmi a disappointment.rying trying for its first winning month since june of last year. >> to the road map this morning. fcc approving rules for net neutrality. we'll talk to commissioner ajit pai about the new rules. he voted against them. >>> hedge fund underperformed broader markets in recent years but hugely popular with big investors. why? jim stewart will be here to weigh? consumer advocate ralph nader thinks walmart's move to raise wages is not enough. he'll join us later on. >>> rick santelli. news on consumer sentiment after the chicago pmi number. good morning once again, rick. >> good morning, carl. i was wrong by the way, we're not under 2%. hat in hand with the feeling in the treasuries last couple of weeks. it really seems as though the buyers have limited impact. here we go. february final read on michigan 95.4. comparison to its mid month read at 93.6. how does 95.4 fit? comps to january where you had 98.1 which was the highest going all the way back to 2004. just a quick tombstone on chicag
chicago pmi a disappointment.rying trying for its first winning month since june of last year. >> to the road map this morning. fcc approving rules for net neutrality. we'll talk to commissioner ajit pai about the new rules. he voted against them. >>> hedge fund underperformed broader markets in recent years but hugely popular with big investors. why? jim stewart will be here to weigh? consumer advocate ralph nader thinks walmart's move to raise wages is not enough. he'll join us...
56
56
Feb 19, 2015
02/15
by
FBC
tv
eye 56
favorite 0
quote 0
>> eurozone manufacturing pmi is one of six pmi numbers coming out of the europe. thing out of this, will we see back-to-back recovery in the pmi, pointing to, a recovery in gdp, quarter on quarter? more importantly, why this really matters, we know early march we have the ecb meeting. will these trends, these numbers getting better, will they cause growth assumptions to change, to shift and actually drive yields higher? or, just the opposite, where everybody will say, the same old song is being played. yields will continue to drive in more negative territory? for the u.s. investor, this matters, because we do know that rates are the artificially low here in the u.s., largely due to growth assumptions in europe. our yields can get that far out of line. however, if we do get this recovery in europe, we will see continued growth in our yields here on our shores. liz: larry, 20 seconds, the trade is still there, the fed trade, right? >> absolutely. this trade is all over the map. when you look at way yield curve is right now, we're looking at a bare flat, which would
>> eurozone manufacturing pmi is one of six pmi numbers coming out of the europe. thing out of this, will we see back-to-back recovery in the pmi, pointing to, a recovery in gdp, quarter on quarter? more importantly, why this really matters, we know early march we have the ecb meeting. will these trends, these numbers getting better, will they cause growth assumptions to change, to shift and actually drive yields higher? or, just the opposite, where everybody will say, the same old song...
107
107
tv
eye 107
favorite 0
quote 0
before that i will watch service composite pmis. david: thank you, larry. >> you're welcome.urope certainly. what will happen to the eurozone if greece can't do what it takes to stay in it? what happens to our stock markets and your money if europe starts to falter? will that hold off? what about mortgage rates? one oracle to answer, warren buffett 3:00 p.m. eastern storm. don't miss it, exclusive. gerri: hello, everybody, i'm gerri willis and this is the "willis report," the show where consumers are our business. the ugly fight over the fortune of robin williams. >> robin williams's children and wife are now headed to court in a fierce battle over the laid comedian's estate. gerri: his wife and kids feud over his money, property and all sorts of items, right down to the knickknacks he collected over the years. >>> you made your voice her and turbotax was forced to take action. turbotax agreeing to refund customers who were forced to spend 50% more on software. turbotax says the date what you can upgrade your software for free. >>> obama makes
before that i will watch service composite pmis. david: thank you, larry. >> you're welcome.urope certainly. what will happen to the eurozone if greece can't do what it takes to stay in it? what happens to our stock markets and your money if europe starts to falter? will that hold off? what about mortgage rates? one oracle to answer, warren buffett 3:00 p.m. eastern storm. don't miss it, exclusive. gerri: hello, everybody, i'm gerri willis and this is the "willis report," the...
101
101
Feb 27, 2015
02/15
by
BLOOMBERG
tv
eye 101
favorite 0
quote 0
it's not possible to sweep that out and yet the pmi numbers are positive. quite frankly it's -- we know things are still bad but to have a forward-looking implied growth of 1% we are happy but it doesn't leave a lot of room to maneuver. jonathan: up next we will talk about the bond markets. to get everything you thought you knew about the bond market you need to pay a little bit of attention to the eurozone and sovereign debt. we talk about this bizarre bond market as the search for yield goes deep into the red. ♪ jonathan: good morning and welcome back to "on the move." let's check in on time of the top stories. everest earnings beating estimates. you can see the stock up 6% as i speak. iag is also flying high. the stock on the move by 4.2% and lloyds, the bank swings back to black and they revise dividends for countries. the stock is up 1.75%. it is not just the equity market index is breaking record highs but the bond markets as well. record after record in the european bond market. the yield on the portuguese tenure dropped below 2%. for the first time
it's not possible to sweep that out and yet the pmi numbers are positive. quite frankly it's -- we know things are still bad but to have a forward-looking implied growth of 1% we are happy but it doesn't leave a lot of room to maneuver. jonathan: up next we will talk about the bond markets. to get everything you thought you knew about the bond market you need to pay a little bit of attention to the eurozone and sovereign debt. we talk about this bizarre bond market as the search for yield goes...
79
79
Feb 4, 2015
02/15
by
CNBC
tv
eye 79
favorite 0
quote 0
we had a below 50 pmi. so when you look at canada, and you compare that to texas, this is what's going to happen here. so anybody who continues to say this is a tax cut, this is great, just look to canada. >> we've had oil move 50% down. it bounces 10 to 15% is not so out of whack. so you're never going to be able to pick the absolute bottom. if you want to have energy exposure and i do and i want to have it grow because i think it will go up. you have to close your eyes to the move. if the xle is the way you want to go, a little bit of a diversification that will give you up side i think you can do something like that. it feels better to buy it when it is up but it's cheaper today. >> closing your eyes is a tough strategy especially when you are talking about risk assets that declined 50% and moving the way it is. it is a short covering rally from thursday morning in crude oil but it's when this goes back to 44, where it was thursday morning it's going to feel worse than it did on thursday. i'm telling you
we had a below 50 pmi. so when you look at canada, and you compare that to texas, this is what's going to happen here. so anybody who continues to say this is a tax cut, this is great, just look to canada. >> we've had oil move 50% down. it bounces 10 to 15% is not so out of whack. so you're never going to be able to pick the absolute bottom. if you want to have energy exposure and i do and i want to have it grow because i think it will go up. you have to close your eyes to the move. if...
98
98
Feb 3, 2015
02/15
by
CNBC
tv
eye 98
favorite 0
quote 0
weak pmi data yesterday did weigh in on investor sentiment. let's check in with samantha with the latest on trade in asia. over to you. >> a bit of a mixed picture is what we looked at in asia. let's start off with india because we saw a rate decision come through at 7.75%. of course the central bank is watching the rebound in crude and saying that they're waiting for the annual budget to be past the end of the month before any new decisions are made. that being said, surprise australia's market to rallying off the back of the rate cut record low. it's still overvalued and the weaker dollar is needed to rebalance the economy and of course we're seeing them react to that. also pointing out the rally there of 2.5%. 3,205 3,205 points is where that market closed. five days of losses and buyers back in the chinese markets but still profit warnings coming thick and fast from chinese companies today that's a theme we're seeing from chinese companies. >> interestingly enough shanghai index up 2.5%. thank you so much. let's look at some moving in the
weak pmi data yesterday did weigh in on investor sentiment. let's check in with samantha with the latest on trade in asia. over to you. >> a bit of a mixed picture is what we looked at in asia. let's start off with india because we saw a rate decision come through at 7.75%. of course the central bank is watching the rebound in crude and saying that they're waiting for the annual budget to be past the end of the month before any new decisions are made. that being said, surprise australia's...
130
130
Feb 25, 2015
02/15
by
CNBC
tv
eye 130
favorite 0
quote 0
hsbc markets flash pmi, manufacturing pmi for the month of february. very modest improvement just above 50.1 was the headline reading. don't sound the all clear by any set of the imagination on the chinese economy even though this was a four month high for the headline figure. let me explain to you why. around this time of the year the data set is volatile because it's distorted by the lunar new year holiday. it's offering this clarity and analysis. the improvement to the pmi is marginal it says and still rests on contraction and indicates the chinese economy continues to tread on unstable ground. what this means is more stimulus is needed for the market down about .5%. we did see a preholiday rally as far as investors are concerned. >> interesting, india outpacing china when it comes to growth. we'll see if that trend continues into the rest of 2015. let's also get you up to speed on earnings from lego the toy maker. reporting a net profit of 7.03 billion danish krona and operating profit of 9.7 billion. we'll be speaking to the ceo after the company
hsbc markets flash pmi, manufacturing pmi for the month of february. very modest improvement just above 50.1 was the headline reading. don't sound the all clear by any set of the imagination on the chinese economy even though this was a four month high for the headline figure. let me explain to you why. around this time of the year the data set is volatile because it's distorted by the lunar new year holiday. it's offering this clarity and analysis. the improvement to the pmi is marginal it...
107
107
Feb 4, 2015
02/15
by
WUSA
tv
eye 107
favorite 0
quote 0
they're also lowering the pmi. looking to get a quarter million people into housing. on the the other end, on the high end, you're seeing fannie and freddi offering 3% mortgages with people with better credit scores and things like that to help on the higher end also. >> we'll have to leave it there. joe gallagher, lpl financial. that's it for the news. we're back on tv at 5:00 and 24/7 on our wusa9 app. it's free and it's terrific. have a great day, everybody. enjoy the sunshine. i bring the gift of the name your price tool to help you find a price that fits your budget. uh-oh. the name your price tool. she's not to be trusted. kill her. flo: it will save you money! the name your price tool isn't witchcraft! and i didn't turn your daughter into a rooster. she just looks like that. burn the witch! the name your price tool a dangerously progressive idea. >> sage: hey, you're gonna wear those shoes out before the hearing begins. >> nick: [ chuckles ] yeah, actually was an inch taller when i got here. >> sage: well, reinforcements are here. >> nick: well, believe it or n
they're also lowering the pmi. looking to get a quarter million people into housing. on the the other end, on the high end, you're seeing fannie and freddi offering 3% mortgages with people with better credit scores and things like that to help on the higher end also. >> we'll have to leave it there. joe gallagher, lpl financial. that's it for the news. we're back on tv at 5:00 and 24/7 on our wusa9 app. it's free and it's terrific. have a great day, everybody. enjoy the sunshine. i bring...
85
85
Feb 2, 2015
02/15
by
BLOOMBERG
tv
eye 85
favorite 0
quote 0
the final hsbc pmi has come in. at my screen now, i can tell you we have 49.7, below 50. 50 is the crucial mark. anything above 50 is extension period anything below is contraction. economists we surveyed had estimated a figure of 49.8. more or less in line. as the chief china economist, this figure coming out, we read these all the time -- 49.7, and the forecast 49.8, so clustered -- close to 50. is the chinese economy slowing, or is it just a blip? >> i don't think it is a blip. it is in line with what we've seen. i don't think it is going to change anytime soon. we are facing significant pressure downward on growth. that is not going to change anytime soon. looking at how weak the sales growth is in china, and with a pretty significant inventory of different types of unsold and not finished housing. >> is this property situation isolated to certain regions of china? >> it is worth in the tier two, tier three cities. >> is it pretty bad? >> the inventory levels are really quite high in those smaller cities where,
the final hsbc pmi has come in. at my screen now, i can tell you we have 49.7, below 50. 50 is the crucial mark. anything above 50 is extension period anything below is contraction. economists we surveyed had estimated a figure of 49.8. more or less in line. as the chief china economist, this figure coming out, we read these all the time -- 49.7, and the forecast 49.8, so clustered -- close to 50. is the chinese economy slowing, or is it just a blip? >> i don't think it is a blip. it is...
67
67
Feb 25, 2015
02/15
by
BLOOMBERG
tv
eye 67
favorite 0
quote 0
pmi came up and the manufacturing beat analyst estimates to put it back in territory. the measures were meant to counter a housing market slump with additional support. the fourth quarter net income. check it out. just over 150 million euros. the current decline is 36% and the largest investor in telecommunications is struggling. here is the four-year profit that will miss analyst estimates. the computer maker says the impact of a stronger dollar will help -- hurt results. hp shares dropped 8% following the earnings release yesterday. we are also watching the banks this morning. germany is investigating the bank over suspicions of tax evasion in luxembourg. we thought it was a little bit messy. >> what we have is a clear indication they will cooperate with the investigation and watched an internal inquiry. it has to do with the private unit from a decade ago. the authorities raided the offices and went to the offices in frankfurt and 150 investigators went throughout the country to look at tax avoidance and not paying taxes. here is the statement commerce tank put out.
pmi came up and the manufacturing beat analyst estimates to put it back in territory. the measures were meant to counter a housing market slump with additional support. the fourth quarter net income. check it out. just over 150 million euros. the current decline is 36% and the largest investor in telecommunications is struggling. here is the four-year profit that will miss analyst estimates. the computer maker says the impact of a stronger dollar will help -- hurt results. hp shares dropped 8%...
51
51
Feb 20, 2015
02/15
by
BLOOMBERG
tv
eye 51
favorite 0
quote 0
the pmi is coming through for france. i am looking at future markets lower.by nine points. dax futures up by 20 points. let's get to manus cranny. >> it is going to be an interesting day in terms of extend or pretend as i like to call it. an extension in terms of liquidity to stay in the eurozone. to greece. who's going to face who off first? that is the crunch time for european markets. merkel. they will meet and discuss what is going on. equity markets is coming back ever so slightly. you have telecoms delivering numbers. down .9%. 58.64.
the pmi is coming through for france. i am looking at future markets lower.by nine points. dax futures up by 20 points. let's get to manus cranny. >> it is going to be an interesting day in terms of extend or pretend as i like to call it. an extension in terms of liquidity to stay in the eurozone. to greece. who's going to face who off first? that is the crunch time for european markets. merkel. they will meet and discuss what is going on. equity markets is coming back ever so slightly....
62
62
Feb 18, 2015
02/15
by
BLOOMBERG
tv
eye 62
favorite 0
quote 0
>> pmi, janet yellen. what happened to the days where you had to guess? to value assets when you guessed at a marketplace by you wish and. -- at a marketplace evaluation. >> why is that a bad thing? >> i don't know if it is necessarily a bad thing right now because of the u.s. dollar. fundamentally, it is bad because you have an environment and the if violations and you start to say, how much of this is raised on what the market really will bear and how much is based on the assumption that you have to put money to work. companies are doing creative financial engineering, buybacks dividends, enhanced earnings. how much is coming from fundamental demand? that is the thing that has been missing. the fed has learned that you can't affect in a way that it would like. until that changes, you are in a tough environment. >> the fed is keeping patient and because they don't want to scare the market. as i was speaking earlier about volatility it is the fed of fraid of creating too much volatility and stirring the markets? >> it absolutely is. that's a problem. the
>> pmi, janet yellen. what happened to the days where you had to guess? to value assets when you guessed at a marketplace by you wish and. -- at a marketplace evaluation. >> why is that a bad thing? >> i don't know if it is necessarily a bad thing right now because of the u.s. dollar. fundamentally, it is bad because you have an environment and the if violations and you start to say, how much of this is raised on what the market really will bear and how much is based on the...
71
71
Feb 20, 2015
02/15
by
BLOOMBERG
tv
eye 71
favorite 0
quote 0
but we have some growth with the pmi coming out. clearly very small progress. what does that mean?stock and equity person where are the anomalies? the new jewel of low growth interest rates, etc., and quantitative easing and has brought anomalies to the market. you have to decide of those anomalies are structural or that you want to play with. if you look at quality versus value, for example if you look at the search for bond substitutes in a low-yield world , high-yield versus equities credit versus equities, you have a lot of relationships that do not seem to follow historical patterns. erik: let's talk about the dollar. as an equities person, to what degree is the current strength of the dollar and the expectation, or not, that it will mean strong -- that it will remain strong when making your investment decisions? virginie: first, from the bottom up. currencies have an impact. they had well, they do not hedge well, etc. second is, depending on where clients are based, base currency. we can hedge for you, whatever. but going back to the currency aspect the strength of the dollar
but we have some growth with the pmi coming out. clearly very small progress. what does that mean?stock and equity person where are the anomalies? the new jewel of low growth interest rates, etc., and quantitative easing and has brought anomalies to the market. you have to decide of those anomalies are structural or that you want to play with. if you look at quality versus value, for example if you look at the search for bond substitutes in a low-yield world , high-yield versus equities credit...
110
110
Feb 20, 2015
02/15
by
BLOOMBERG
tv
eye 110
favorite 0
quote 0
eurozone pmi numbers coming in pretty much as expected. i'm trying to get them up for you in terms of what we are seeing overall. they are -- we were expecting a figure of 51.5. they came in at 51. in terms of services, they arrived at 53.9 versus 52.7. overall, it basically shows the divergence in which some of the countries find themselves. germany had better-than-expected figures. some of the weaker countries actually showing that they didn't grow as much as they were expecting. brinkmanship over the bailout. greece and germany face off in brussels for the second time this week as the clock ticks toward the deadline for a deal. just hours after greece requested an extension of its loan agreement, the finance minister of germany dismissed it. our international correspondent hans nichols, joins us from brussels. it is not just the germans who are going to insist that greece completes its bailout program. hans: that's right. we've heard from the finnish finance minister saying that greece needs to stay in their program. we've also heard fr
eurozone pmi numbers coming in pretty much as expected. i'm trying to get them up for you in terms of what we are seeing overall. they are -- we were expecting a figure of 51.5. they came in at 51. in terms of services, they arrived at 53.9 versus 52.7. overall, it basically shows the divergence in which some of the countries find themselves. germany had better-than-expected figures. some of the weaker countries actually showing that they didn't grow as much as they were expecting. brinkmanship...
105
105
Feb 2, 2015
02/15
by
BLOOMBERG
tv
eye 105
favorite 0
quote 0
. >> and the china pmi fell to 49.8 last month and down from 50.1 in december.hat not only missed analysts estimates, but, as you said, it fell below the crucial 50, which would separate expansion from contraction. the biggest weekly stock market drop in a year as well as physical data that showed the weakest revenue growth since 1991. now, the reading of a january hsbc pmi also supporting this trend in manufacturing, humming in at 49 point seven today, also below 50. so there is no surprise there is speculation that policymakers will do more to spur growth. the cheap china economist at deutsche bank saying that this data is expected to weaken further, so there will be a push for the government to take further easing measures. now already, policymakers have cut rates back or the first time in two years. i have also been easing monetary policy targeted measures to keys further. now, with the disappointing data and the disappointing start to 2015, policymakers are expected to do more. economists expect the pboc to cut the reserve requirement ratio for banks by 50
. >> and the china pmi fell to 49.8 last month and down from 50.1 in december.hat not only missed analysts estimates, but, as you said, it fell below the crucial 50, which would separate expansion from contraction. the biggest weekly stock market drop in a year as well as physical data that showed the weakest revenue growth since 1991. now, the reading of a january hsbc pmi also supporting this trend in manufacturing, humming in at 49 point seven today, also below 50. so there is no...
113
113
Feb 20, 2015
02/15
by
BLOOMBERG
tv
eye 113
favorite 0
quote 1
betty: thank you so much, alix steel, on those pmi numbers.ers speaks out on asset investing. ♪ betty: even with shares of cisco near a seven-year high, the ceo, john chambers, says the stock still has room to run. he shot down -- he sat down with erik schatzker yesterday. erik schatzker is joining me. he says he talked to know activist investors? erik: it is important to consider because chambers wants the world to believe that cisco is in as good a position today to take advantage of what he calls the digital era as it was in the mid-1990's when he became ceo to take advantage of what he describes as the information age under bill clinton. he is bullish could not be more bullish, and he has a couple of good quarters under his belt. it has been a rough ride for cisco in the post crisis, but things are beginning to improve. i could recite john chambers' sales pitch at length but i am not going to because his stuff on activism, frankly, is more interesting. the reason i brought up activism with him is not because i know something. if cisco was
betty: thank you so much, alix steel, on those pmi numbers.ers speaks out on asset investing. ♪ betty: even with shares of cisco near a seven-year high, the ceo, john chambers, says the stock still has room to run. he shot down -- he sat down with erik schatzker yesterday. erik schatzker is joining me. he says he talked to know activist investors? erik: it is important to consider because chambers wants the world to believe that cisco is in as good a position today to take advantage of what...
67
67
Feb 23, 2015
02/15
by
BLOOMBERG
tv
eye 67
favorite 0
quote 0
the pmi has been improving for the rest of the eurozone and credit zone is less bad.t is a low bar. let's talk quickly. it is expected to rise. how disappointing with that be? >> i do not think it is going to be very disappointing. first of all, what we usually have is a lot of disappointing data that surprises on the upside and it takes people getting expectations revised upwards. i suspect that, at the end of the day, it will be one number. if i had to take a vote on the overall number that we have seen out of the eurozone in february, i think the majority 65-70%, have surprised. >> let's talk about the credit situation and the recovery. optimists are saying things are getting less bad and you have money supply versus sector growth. as you look at the credit situation in the eurozone, are you an optimist that things are less bad and that things will improve question mark >> yes -- improve? >> yes. i think things will improve with the pricing over the last 3-4 months and i think that the lower oil prices will comply an increase in demand. the important thing to remem
the pmi has been improving for the rest of the eurozone and credit zone is less bad.t is a low bar. let's talk quickly. it is expected to rise. how disappointing with that be? >> i do not think it is going to be very disappointing. first of all, what we usually have is a lot of disappointing data that surprises on the upside and it takes people getting expectations revised upwards. i suspect that, at the end of the day, it will be one number. if i had to take a vote on the overall number...
116
116
Feb 5, 2015
02/15
by
CNBC
tv
eye 116
favorite 0
quote 0
we had lots of services pmi out of europe. bond prices did see yields come up a little bit but that's been unwound today as risk off is the story. 1.76 in the u. s. .35 in germany. the focus on greece where bond yields spiked again. 11% on the ten year. a 2.2% move on the three year up to 18.8% and a 1.9% move on the five year up to 15%. let's look at commodity prices. we saw as i said the euro strengthening slightly. it did touch, in fact 115 in it's bounce but it's now 1137. that's where it's been the last couple of trading sessions. interesting to see the aussie dollar bouncing back after the rate cut earlier in the week. let's look at commodities because the oil price has wiped out the gains it had in this week. today less muted than yesterday. brent 53.9. down .4%. let's have a look at markets in asia. >> that's right. let's take a look at trade in asia. interestingly enough despite the news from the central bank of china to lower the rate on that rrr markets shrugging off the move by the central bank. the shanghai compos
we had lots of services pmi out of europe. bond prices did see yields come up a little bit but that's been unwound today as risk off is the story. 1.76 in the u. s. .35 in germany. the focus on greece where bond yields spiked again. 11% on the ten year. a 2.2% move on the three year up to 18.8% and a 1.9% move on the five year up to 15%. let's look at commodity prices. we saw as i said the euro strengthening slightly. it did touch, in fact 115 in it's bounce but it's now 1137. that's where it's...
143
143
Feb 2, 2015
02/15
by
CNBC
tv
eye 143
favorite 0
quote 0
now you saw the chinese manufacturing pmi over the weekend. it's still decelerating. while the dry great index, it's clear, a collapse of transport. it's a pretty amazing, i have to believe that it has to extend to oil. you wouldn't be a ship and no bulk and edge a lot of oil. don't look to europe for help yet. until the european central bank goes full court and germany cooperates, i don't see much movement there. this dire situation if greece could cause the germans to go easier. meanwhile, the less stable or totally unstable countries like venezuela, libya, iraq iran russia are pumping out oil in record amounts to pay the bills. an elongated u-shape recovery i think is far more likely than a v-shape that gets oil much higher a year from now, either way, let me make something very clear. i am a big believer that oil will come back. i am more of a haven'tturist. i, too, am heartened by today's and friday's decisive rally david in kansas. >> hey cramer thank you so much for taking my call thank you for helping us little guys. >> of course. >> caller: first on that scor
now you saw the chinese manufacturing pmi over the weekend. it's still decelerating. while the dry great index, it's clear, a collapse of transport. it's a pretty amazing, i have to believe that it has to extend to oil. you wouldn't be a ship and no bulk and edge a lot of oil. don't look to europe for help yet. until the european central bank goes full court and germany cooperates, i don't see much movement there. this dire situation if greece could cause the germans to go easier. meanwhile,...
43
43
tv
eye 43
favorite 0
quote 0
economy is actually in decent shape, when i look at a variety of external indicators like manufacturing, pmi also, you're seeing decent employment growth, so that looks pretty robust. the u.s. economy is actually chugging along at a decent pace which is a nice equity backdrop. i think rates are lower for longer than anticipated by investors and that makes a very compelling market for u.s. stocks. david: jon hilsenrath what motivates the fed? used to be stability and congress threw out unemployment. now the question whether they're looking at the stock market for hints of what to do, and questions of whether they're looking at the value of the dollar globally? we heard from jack welsh and warren buffett saying it would be stupid to raise rates when the dollar is as strong as it is, that would raise the value of the dollar more and hurt our export markets. does that weigh on their decision? >> well, they look at all of these things. but when they always point back to is what they call their dual mandate. they are required by congress to create a stable price environment and maximum employment.
economy is actually in decent shape, when i look at a variety of external indicators like manufacturing, pmi also, you're seeing decent employment growth, so that looks pretty robust. the u.s. economy is actually chugging along at a decent pace which is a nice equity backdrop. i think rates are lower for longer than anticipated by investors and that makes a very compelling market for u.s. stocks. david: jon hilsenrath what motivates the fed? used to be stability and congress threw out...
76
76
tv
eye 76
favorite 0
quote 0
. >> you look at the pmi data earlier in the week, right?the globe you look at the orders, the backlog numbers, they're all slowing. >> and you're forgetting the people that have already rolled off and have given up looking -- >> a million people came into the work force. >> scotty, don't forget -- and you, charles, you know this better than anybody -- we've had a number of oil-rated companies start announcing project cuts, layoffs. we haven't seen that yet. charles: right. well, in january there was 53,000 announced corporate layoffs. of that number, 21,000 were oil-related, 19,000 in the great state of texas. so we are starting to see that, and i would say, though, if you take that out because some would say, okay, we take that out as something of an anomaly. saudi arabia declared war on our fracking miracle. maybe the numbers aren't that bad? >> but it's going to take more than one month to see that. >> yeah. and you can look at the auto sales. we were up 14%. it was a marvelous number, and it means people are going out there, and they're
. >> you look at the pmi data earlier in the week, right?the globe you look at the orders, the backlog numbers, they're all slowing. >> and you're forgetting the people that have already rolled off and have given up looking -- >> a million people came into the work force. >> scotty, don't forget -- and you, charles, you know this better than anybody -- we've had a number of oil-rated companies start announcing project cuts, layoffs. we haven't seen that yet. charles:...
51
51
Feb 2, 2015
02/15
by
CNBC
tv
eye 51
favorite 0
quote 0
you row zone pmi rose only slightly in january.were on the rise after a spokesman for the country's new left wing government said it will not appoint party officials to run greek banks. the irish discount carrier says it sees profits only growing modestly in the year ahead. >> when we come back. the super bowl chatter dominated social media last night, but could the buzz help twitter's bottom line. we'll talk to jessica lessin about the company's quarter, the future of the strategy there in a moment. just take a closer look. it works how you want to work. with a fidelity investment professional... or managing your investments on your own. helping you find new ways to plan for retirement. and save on taxes where you can. so you can invest in the life that you want today. tap into the full power of your fidelity greenline. call or come in today for a free one-on-one review. you stay up. you listen. you laugh. you worry. you do whatever it takes to take care of your family. and when it's time to plan for your family's future, we're he
you row zone pmi rose only slightly in january.were on the rise after a spokesman for the country's new left wing government said it will not appoint party officials to run greek banks. the irish discount carrier says it sees profits only growing modestly in the year ahead. >> when we come back. the super bowl chatter dominated social media last night, but could the buzz help twitter's bottom line. we'll talk to jessica lessin about the company's quarter, the future of the strategy there...
224
224
Feb 2, 2015
02/15
by
CNBC
tv
eye 224
favorite 0
quote 0
you pointed to china pmi. i think the u.s. is slowing down. eps growth 6% "x" energy could you say that's a good thing but where is the commensurate revenue growth? i don't think it's there. again, i think you see a lot of financial engineering. you see it in the form of buybacks and a number of different things but at a certain point that game ends. now, with that said we bounced off 1980 again in the s&p which was where we bounced from on january 15th. that's a good thing, but we had over 100-point range today in the s&p. if you look from peak to troughs during the day. that's pretty significant. i don't know what it means but that's not normal. >> by the way, i want to say, i adore doug cass. >> that's normal when the vix is at 20. >> hang on -- everybody hold that thought. we have some breaking news. on the fcc, eamon javers, what's going on? >> the dow jones is reporting the fcc is expected to pass some strong new net neutrality rules. this is as expected. you remember a while back president obama called for the internet essentially to be
you pointed to china pmi. i think the u.s. is slowing down. eps growth 6% "x" energy could you say that's a good thing but where is the commensurate revenue growth? i don't think it's there. again, i think you see a lot of financial engineering. you see it in the form of buybacks and a number of different things but at a certain point that game ends. now, with that said we bounced off 1980 again in the s&p which was where we bounced from on january 15th. that's a good thing, but...
64
64
Feb 24, 2015
02/15
by
CNBC
tv
eye 64
favorite 0
quote 0
the citigroup economic group trending higher, pmis trending higher and beating expectations. this is what you want to see if you're managing a portfolio, globally diversified portfolio, you've got a lot of the right things happening here and it's not just specific to biotechs or to the russell 2,000 or some narrow group. it's spreading out. >> it speaks to the same old story and that is a liquidity driven rally almost all over this globe. >> yeah. let's not forget what the ecb has done so far in 2015. >> very well tell graphed. told us they would do it. >> let's not forget you've got an resolution as well surrounding the potential concerns we had with greece and a lot of i think what you're seeing in the dax or in a lot of the emerging market stories is a catch-up relative to last year in 2014 where the u.s. indices were leading on the concerns that a lot of the headwinds that were overseas would not be able to overcome. >> do you have to rethink the way you put money to work in the markets? >> i think -- >> that the u.s. may continue to lag by virtue of the big gas pedal pus
the citigroup economic group trending higher, pmis trending higher and beating expectations. this is what you want to see if you're managing a portfolio, globally diversified portfolio, you've got a lot of the right things happening here and it's not just specific to biotechs or to the russell 2,000 or some narrow group. it's spreading out. >> it speaks to the same old story and that is a liquidity driven rally almost all over this globe. >> yeah. let's not forget what the ecb has...
66
66
Feb 27, 2015
02/15
by
CNBC
tv
eye 66
favorite 0
quote 0
chicago pmi a bit of a disappointment as well. the lowest since 2009. watching for nasdaq 5,000 this morning. not quite there yet. and the meantime apple is a big story, getting the first big details of the apple watch after tim cook spoke exclusively to british newspaper "the telegraph" telling the paper the watch's battery life will last an entire day and charge faster than an iphone. it's designed to be able to get this replace your car keys, also monitor heart rates, have a special rewards system to get people to exercise. cook went on to say consumers will have an incentive to wear the watch for as much of the day as possible even in the shower. to me the lead might have been the car stuff. your take? >> i doubt it's going to open your car out of the box for most people. i'm not sure that's a leap for me. i think the question is how quickly will it recharge. i have to recharge my iphone during the day because i use it so much. you can guarantee the first people to get this watch will be touching it all day, probably going to run out of battery with
chicago pmi a bit of a disappointment as well. the lowest since 2009. watching for nasdaq 5,000 this morning. not quite there yet. and the meantime apple is a big story, getting the first big details of the apple watch after tim cook spoke exclusively to british newspaper "the telegraph" telling the paper the watch's battery life will last an entire day and charge faster than an iphone. it's designed to be able to get this replace your car keys, also monitor heart rates, have a...
80
80
Feb 26, 2015
02/15
by
CNBC
tv
eye 80
favorite 0
quote 0
march next week is a busy month with payrolls, china pmi, ecb meeting, on the 11th the results of the1 banks in the stress tests. that's going to be a catalyst. then you're going to have a federal reserve meeting. march will be a busy month, a volatile month where i believe a lot of what i'm doing, that's the catalyst and driving force. not so much about apple. >> you made other trades. we're playing up the apple fact because the surprise in -- anybody really coming out and taking such a strong stance even in the near term on why the stock could be a sell right here. give me the other trades. people want to hear about the names you bought. >> it's not a sell. it's a liquidation. you know, the stock could go to 135 very easily. the trades i bought range resources rrc, i liked the earnings we heard from them. i think that could potentially be in a bottoming process if i'm correct on what i believe in oil. nimble storage reports this evening. that's a technology company that over the last couple years has had its struggles and added customers, told you that i think they beat today and th
march next week is a busy month with payrolls, china pmi, ecb meeting, on the 11th the results of the1 banks in the stress tests. that's going to be a catalyst. then you're going to have a federal reserve meeting. march will be a busy month, a volatile month where i believe a lot of what i'm doing, that's the catalyst and driving force. not so much about apple. >> you made other trades. we're playing up the apple fact because the surprise in -- anybody really coming out and taking such a...
65
65
Feb 16, 2015
02/15
by
BLOOMBERG
tv
eye 65
favorite 0
quote 0
in the sense of ppi numbers as well as pmi, which came in below 50. about 10.8%.nce 1996. data continue to see weak from china over the next couple of months, pboc would be forced to cut interest rates at least once or twice in 2015. however, despite this data on chinese equities, we think chinese equities are a tremendous value at this point in time. with a policies being driven by pboc and hong kong-shanghai mutual market access. we are bullish on chinese equities. >> if you are worried about chinese equities, it is smarter to play the sectors? if you are trying to play a potential rate cut in the chinese economy, perhaps you should be playing the sectors like chinese property. banks, and interest rate cut would be negative for a short-term outlook, but positive for long-term outlook. we remain positive on chinese banks as well. gung hay fat, choy. next, out of recession but below estimates. how the yen is reacting to latest figures out of japan. ♪ >> i am david ingles. it is monday, february 16, and these are your headlines. a health check of the japanese econo
in the sense of ppi numbers as well as pmi, which came in below 50. about 10.8%.nce 1996. data continue to see weak from china over the next couple of months, pboc would be forced to cut interest rates at least once or twice in 2015. however, despite this data on chinese equities, we think chinese equities are a tremendous value at this point in time. with a policies being driven by pboc and hong kong-shanghai mutual market access. we are bullish on chinese equities. >> if you are worried...
85
85
Feb 4, 2015
02/15
by
BLOOMBERG
tv
eye 85
favorite 0
quote 0
this is a market economics team that was out the pmi for manufacturing. 53.4, a little bit of a pickup this is the final read for january, 54.2. some say 70% of the u.s. economy is now at 54.2, a little bit higher than what analysts had been looking for, a bit of from the prior reading. the real effect on financial markets. the 10 year yield still holding at 81 37%. >> thank you so much on the economic numbers. it used to be something you only saw in the movies. >> what does that look like to you, jarvis? >> intelligent machines have the ability to take for them they'll , like ironman's jarvis. investments soared last year up 20 fold in 2010. $309 million into artificial intelligence and i want to ring in peter diamandis, the author of a new book in which he describes artificial intelligence as one of the technologies about to change the world. i am kind of old-school and it sounds scary to me. why is so much money being piled into this? >> the companies will crush it. they are all ai companies, all using data, data mining, machine learning ear the rate at which we are able to collect
this is a market economics team that was out the pmi for manufacturing. 53.4, a little bit of a pickup this is the final read for january, 54.2. some say 70% of the u.s. economy is now at 54.2, a little bit higher than what analysts had been looking for, a bit of from the prior reading. the real effect on financial markets. the 10 year yield still holding at 81 37%. >> thank you so much on the economic numbers. it used to be something you only saw in the movies. >> what does that...
334
334
Feb 25, 2015
02/15
by
CNBC
tv
eye 334
favorite 0
quote 0
. >> the hsbc pmi. >> the bank. >> i'm going back to for your fyi -- lol. mean. >> supposedly good news. that's the take away. >> that's wiw. wtf? are we going to say any words? huh? >> you know what it means. >> those were 8 letters in a row. >> you like some of those letters. >> many case you missed it. >> i used to think that was a pyotech company. i thought it was for pharmaceuticals. why am icon constantly getting information on pharmaceuticals. what's fmao -- what is that? >> what's that? fear of missing out. >> and then there's the company morris and foster. i don't know -- >> bad. >> yeah. we have to talk about this at some time. becky and i have been talking about this again today. could you ever see the cop concedes fight to obama on fed raising -- is it an agency or not. >> for anybody that hasn't seen it gop concedes to obama -- >> obama told the fcc what to do they did it. the gop can't stop it. are you allowed to do that or not? can the president tell the fcc what to do? the new york times seems to think that's fine. obama and fcc declares vic
. >> the hsbc pmi. >> the bank. >> i'm going back to for your fyi -- lol. mean. >> supposedly good news. that's the take away. >> that's wiw. wtf? are we going to say any words? huh? >> you know what it means. >> those were 8 letters in a row. >> you like some of those letters. >> many case you missed it. >> i used to think that was a pyotech company. i thought it was for pharmaceuticals. why am icon constantly getting information on...
51
51
Feb 9, 2015
02/15
by
BLOOMBERG
tv
eye 51
favorite 0
quote 0
strong pmi data giving it a boost. we approach the inflation report this year.aybe we should call it the quarterly deflation report. the governor could signal the economy heading into the negative inflation. >> indeed. we also get the letter explaining the miss in the inflation target as well. in a sense, from the presentation aspect, governor carney has a difficult position. he can argue, deflation is due to falling supermarket prices the price war, and the discrete change in oil dynamics. if the oil price has found a floor, that would suggest that we are getting a one-off reduction in prices, which is good news for consumers. if we start to see wage growth pick up as well as strength in the labor market then the near-term inflation target is the nine. the growth dynamics look a little more robust. >> how much is the weakness in inflation or deflation in the u.k. going to be to do with oil price, and how much with food prices? should we look at those differently? many central banks not dealing with supermarket price wars but dealing with the lower oil price hav
strong pmi data giving it a boost. we approach the inflation report this year.aybe we should call it the quarterly deflation report. the governor could signal the economy heading into the negative inflation. >> indeed. we also get the letter explaining the miss in the inflation target as well. in a sense, from the presentation aspect, governor carney has a difficult position. he can argue, deflation is due to falling supermarket prices the price war, and the discrete change in oil...
66
66
Feb 2, 2015
02/15
by
BLOOMBERG
tv
eye 66
favorite 0
quote 0
. >> we are just getting some breaking news in terms of the euro pmi. it climbs to 51. >> german number, a little editor, french number, little weaker. the focus in the eurozone remains greece. >> the new finance minister began the european tour with paris yesterday, seeking support. in a news conference with his french counterpart, he suggested that his country is addicted to loans and needs to break its dependence. for more, let's go to hans nichols in berlin. tell us more about what he had to say yesterday. >> he clearly wants to keep open that finance window through the ecb. that is so crucial. he indicated that withdrawal is going to be a difficult process. have a listen. >> we have resembled a drug addict craving the next dose. do i believe that we should be taking another punch of loans? no. it is not that we don't need the money, we are desperate because of certain commitments and liabilities that we have. >> he was speaking in paris yesterday, mr. varoufakis. he got some support from the finance minister in france, also some nice words from mr.
. >> we are just getting some breaking news in terms of the euro pmi. it climbs to 51. >> german number, a little editor, french number, little weaker. the focus in the eurozone remains greece. >> the new finance minister began the european tour with paris yesterday, seeking support. in a news conference with his french counterpart, he suggested that his country is addicted to loans and needs to break its dependence. for more, let's go to hans nichols in berlin. tell us more...
84
84
Feb 25, 2015
02/15
by
BLOOMBERG
tv
eye 84
favorite 0
quote 0
gave the pmi reading a boost.ong kong with the latest. >> this is a preliminary reading, the number is at 50.1, beating analyst estimates. as you said they expected that to come below 50 and that would mark another contraction. this is also up from the january number of 49 17. this first reading of some momentum could ease concerns of a deeper downturn there. the central bank has interest rates and they were slashed earlier this month. still, analysts are warning not to take this too seriously. hsbc hong kong saying these data points report a marginal improvement because of the new year in february and a scale of domestic economic activity it is likely to stay sluggish and analysts are expecting more policy evening -- easing to come soon. anna: we understand that china is preparing policies to ease some of the curves it but on the housing market. to your point about more easing could help. shery: we are hearing from sources that the measures could be rolled out but that would depend on how long the slowdown on eco
gave the pmi reading a boost.ong kong with the latest. >> this is a preliminary reading, the number is at 50.1, beating analyst estimates. as you said they expected that to come below 50 and that would mark another contraction. this is also up from the january number of 49 17. this first reading of some momentum could ease concerns of a deeper downturn there. the central bank has interest rates and they were slashed earlier this month. still, analysts are warning not to take this too...
140
140
Feb 27, 2015
02/15
by
BLOOMBERG
tv
eye 140
favorite 0
quote 0
gdp, consumption, pmi figures.s have been week, but if you get down into the weeds, consumption is incredibly strong. wages and earnings are moving higher in select places. investors not sure how they want to position. >> they are not sure how they want to position, but we see the vicks has settled down here. -- the vix has settled down here. will next week's ecb conference was that backup? >> i don't think so. the market will remain chilled out. i think that there will be more volatility to come off in the short-term. >> where is it going? >> my forecast for the vicks is around 18, 19 on average. this will not last very long but in the short term, it is a catalyst that could make the market pay. >> ok down 18.5% this year, you see a bull case and a bear case for the stock? >> right. i think that goodyear is going to try to make amazon's ethereal, playfulness nature of their business model a liability for them. they announced recently they are going to have a new commerce platform, probably in the second quarter of
gdp, consumption, pmi figures.s have been week, but if you get down into the weeds, consumption is incredibly strong. wages and earnings are moving higher in select places. investors not sure how they want to position. >> they are not sure how they want to position, but we see the vicks has settled down here. -- the vix has settled down here. will next week's ecb conference was that backup? >> i don't think so. the market will remain chilled out. i think that there will be more...
121
121
Feb 6, 2015
02/15
by
CNBC
tv
eye 121
favorite 0
quote 0
weeker than expected china pmi data. that rrr ratio cut by 50 basis points and of course here in europe all eyes on greece and the bailout terms being negotiated between leaders and european policy makers. the index trading flat at the moment but let's dive into the european markets because that's where the story can be seen. we're lower across the board. the ftse 100 down about 26 points. we're seeing a significant move down about 1%. we were down about 30 points 20 minutes ago. cac 40 down 24 points and the ftse mib which was trading in positive territory has now reversed the gains and is now trading in negative territory. we'll have to see if the sell off continues especially as we await details around the negotiations or lack there of taking place between greek leaders and european leaders. >> it's hardly a surprise to see these declines. they follow a flat day for european markets yesterday and given that meeting certainly didn't have any clear positives it wasn't hugely negative. >> they're playing hard ball. >> bu
weeker than expected china pmi data. that rrr ratio cut by 50 basis points and of course here in europe all eyes on greece and the bailout terms being negotiated between leaders and european policy makers. the index trading flat at the moment but let's dive into the european markets because that's where the story can be seen. we're lower across the board. the ftse 100 down about 26 points. we're seeing a significant move down about 1%. we were down about 30 points 20 minutes ago. cac 40 down 24...
137
137
Feb 20, 2015
02/15
by
CNBC
tv
eye 137
favorite 0
quote 0
flash pmi data either side of positive or negative. france better than expected. at europe. again, still not a lot of big movements. i'm sure you saw the greek finance minister on the air, seems confident they'll get a section-month extension. i agree with jim, the deal is muddled through, debt extented into infinity but it's not removed or erased. no haircut. austerity relaxed and everybody makes a deal. alternative, we do not know how much contagion there might be to the eurozone as a whole and the european banking system if greek defaults or leaves the euro. jim's right will b. that. china's closed for new year. u.s., low volume low volatility sideways all week. look what the u.s. markets have done. russell's up fractionally, s&p flat, dow industrials down 0.2%. we have seen individual moves. interest rates sensitive sectors, again having problems. remember earlier in the month, utilities hit, telecoms got hit. now the reits are getting hit. this week rotating in interest rate sensitive sectors. the major etf for reits, it's been down this week down notably yes
flash pmi data either side of positive or negative. france better than expected. at europe. again, still not a lot of big movements. i'm sure you saw the greek finance minister on the air, seems confident they'll get a section-month extension. i agree with jim, the deal is muddled through, debt extented into infinity but it's not removed or erased. no haircut. austerity relaxed and everybody makes a deal. alternative, we do not know how much contagion there might be to the eurozone as a whole...
105
105
Feb 27, 2015
02/15
by
CNBC
tv
eye 105
favorite 0
quote 0
>> well i think that is the right place to go and today we saw the chicago pmi number that came disappointed monstrously and the market just shook that off and sprung back up to session highs. you willed back a little bit at the end of the day as we've already said about crude, but i think all of these things and wrapped in with your point about yellen looking to raise rates this year we've got to remember that the last three times we've gone from easing to tightening that that first rate hike has given us a quick pullback but then we had four five six months of up market following that. so that's not really a worry for the markets either. >> and, rick going to your point there, the markets did shrug off a very disappointing regional number. we've had several disappointing regional numbers. why do you think the market seems to be ignoring this? i have been a little concerned about some of the weaker economic numbers and the earnings coming down. what do you think is going on? why is the market ignoring that? >> i think the market is trying to account for the longshoreman's strike on the west
>> well i think that is the right place to go and today we saw the chicago pmi number that came disappointed monstrously and the market just shook that off and sprung back up to session highs. you willed back a little bit at the end of the day as we've already said about crude, but i think all of these things and wrapped in with your point about yellen looking to raise rates this year we've got to remember that the last three times we've gone from easing to tightening that that first rate...
150
150
Feb 3, 2015
02/15
by
CNBC
tv
eye 150
favorite 0
quote 0
think austerity is declining across the region which should help growth and, in fact if you look at pmi indicators or manufacturing activity they seem to be holding in there. it looks as if there is going to be stability. i'm relatively positive about the situation so i do like europe for the rest of 2015. >> all right. well they're liking u.s. stocks today as well. >> thanks guys. >> we have about 50 minutes into the close. a strong day across the markets. the dow is up almost 270 points. that's good for 1.5%. the s&p is up better than 1% or 23 points and the nasdaq is in positive territory as well by 36 points. >> and i have no idea how we're going to fit all of this in in the next two hours. jam-packed show heading your way. disney, chipotle gilead wynn resorts leading the charge with earnings. we'll have the numbers the second they hit the tape the instant analysis and the market response. >> also joining us the ceos of disney, ryder, and aetna. we'll we'll be back in two. stay with us on "the closing bell." >>> rally day and some of this i guess we are attributing to the gains in o
think austerity is declining across the region which should help growth and, in fact if you look at pmi indicators or manufacturing activity they seem to be holding in there. it looks as if there is going to be stability. i'm relatively positive about the situation so i do like europe for the rest of 2015. >> all right. well they're liking u.s. stocks today as well. >> thanks guys. >> we have about 50 minutes into the close. a strong day across the markets. the dow is up...
168
168
Feb 12, 2015
02/15
by
CNBC
tv
eye 168
favorite 0
quote 0
if you look at the data in china, we're going lower on pmi's, we're actually the world's commodity consumersuch. look at the most bombed out commodities, you can start to build on it. those are the beaten down parts of the investment complex. those in financials and the other here is the steepening, and that's helping financials. so i like financials here. >> hold that thought for a second. cbs results are hitting, julie has the numbers, hi julia. >> hi cbs reporting earnings of 77 cents per share. that's a penny better than the 76 cents that wall street has been expecting, down one cent from the year ago quarter. revenue coming in slightly better than expected revenue come income at $3.68 billion up from the 3.65 billion expected. so just a slight increase there. the company also announcing that it plans to pick up the pace of it's share purchases. even more on the first quarter with a target of $1 billion in sharer purchases in the first quarter. as to what drove the quarter, it was a 4% increase in advertising revenues behind the increase of their led by the broadcast thursday night footb
if you look at the data in china, we're going lower on pmi's, we're actually the world's commodity consumersuch. look at the most bombed out commodities, you can start to build on it. those are the beaten down parts of the investment complex. those in financials and the other here is the steepening, and that's helping financials. so i like financials here. >> hold that thought for a second. cbs results are hitting, julie has the numbers, hi julia. >> hi cbs reporting earnings of 77...