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Mar 6, 2024
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by fed aichr jay powell and his expectations for job. [car trunk slammed shut] data "squawk box" will be right back. , morgan stanley has offered clients determination and forward thinking to create the future... crowd: stop it! ...only you can see. american announcer: rose, back in the winner's circle. [crowd cheers] [music out] the all new godaddy airo helps you get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website. just start with a domain, a few clicks, and you're in business. make now the future at godaddy.com/airo they're waiting for you. hey, do you have a second? they're all expecting more. more efficiency. more benefits. more growth. when you realize you can give your people everything, and more. thank you very much. [applause] ask, "now what?" here's what. you go with prudential to protect, empower and grow. with everything you need to deliver, you guessed it... more. one more thing... who's your rock? learn more at prudential.com >>> nikki haley planning to ex
by fed aichr jay powell and his expectations for job. [car trunk slammed shut] data "squawk box" will be right back. , morgan stanley has offered clients determination and forward thinking to create the future... crowd: stop it! ...only you can see. american announcer: rose, back in the winner's circle. [crowd cheers] [music out] the all new godaddy airo helps you get your business online in minutes with the power of ai... ...with a perfect name, a great logo, and a beautiful website....
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Mar 7, 2024
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you have jay powell testifying in washington. he is in no rush. >> what would gdp and global growth rate get and what is the demand for oil and gas at the end of the day? high interest rates stifle the global growth around the world and here in the united states. it does have an impact on demand at the end of the day. that is the cycle of the business. >> ryan, thank you. ryan lance from conoco phillips. andrew, back to you. >>> thank you, becky. when we come back, steven mnuchin to the rescue. the former treasury secretary and investors giving troubled new york bank corp the latest. >>> and the anti-defamation league's jonathan greenblatt will talk about corporate america and how they battle rising anti-semitism. we are back with that and more after this. >> announcer: currency check is sponsored by interactive brokers. the best informed investors choose interactive brokers. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sle
you have jay powell testifying in washington. he is in no rush. >> what would gdp and global growth rate get and what is the demand for oil and gas at the end of the day? high interest rates stifle the global growth around the world and here in the united states. it does have an impact on demand at the end of the day. that is the cycle of the business. >> ryan, thank you. ryan lance from conoco phillips. andrew, back to you. >>> thank you, becky. when we come back, steven...
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Mar 20, 2024
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>> can't avoid watching for the fed, what the fed does what jay powell says. watching from a high perch. yesterday 18th s&p 500 knew all-time high of this calendar year. that's basically a record pace of all-time highs. go back decades. the most record high s&p done in a calendar year around 72. we got 18 and about a quarter. that basically annualized to just about best ever. can't obviously counter on us continuing to click thus way. i point out we've flattened outalities in the s&p the last weeks. churn underneath the surface. much of technology has actually sort of lost a little bit of momentum, but enough things are working we are clicking higher. you minced the bond market. i like to look at government bonds in price terms getting a sense where buyers might want to come in, where they have in the past. this is the government, u.s. treasury etf of all maturities average maturity nets out to about seven, eight years. you see a line. basically aside tr that liquidation we had back in the late summer and the fall when ten year went to 5% people worried about
>> can't avoid watching for the fed, what the fed does what jay powell says. watching from a high perch. yesterday 18th s&p 500 knew all-time high of this calendar year. that's basically a record pace of all-time highs. go back decades. the most record high s&p done in a calendar year around 72. we got 18 and about a quarter. that basically annualized to just about best ever. can't obviously counter on us continuing to click thus way. i point out we've flattened outalities in the...
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Mar 8, 2024
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a lot of this came after what we heard from jay powell. he was speaking again before congress and yesterday he said -- this is key. yardeni pointed this out. powell said we are waiting to become more confident that inflation is moving sustainably at 2%. it will be appropriate to dial back the level of restrictions. that is what the market heard. not far from it. as a result, you saw treasury yields pull back. the ten-year yield at 4.07%. the two-year yield at 4.49%. >> it is interesting because it is all based on inflation. we haven't even any definitive proof that the economy is going to fall off a cliff. maybe we can get that today. maybe he knows something. when he said we're getting closer and closer, i thought that was really interesting. i don't know how easy it will be for the last bit of inflation. the last mile of inflation. i thought he was more dovish than i thought. >> i was surprised, too. what we have been talking about is could there be a possibility of rate hikes. >> or non. >> the indication was sticky and does it pick up.
a lot of this came after what we heard from jay powell. he was speaking again before congress and yesterday he said -- this is key. yardeni pointed this out. powell said we are waiting to become more confident that inflation is moving sustainably at 2%. it will be appropriate to dial back the level of restrictions. that is what the market heard. not far from it. as a result, you saw treasury yields pull back. the ten-year yield at 4.07%. the two-year yield at 4.49%. >> it is interesting...
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Mar 21, 2024
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we heard from the fed and jay powell and company. we see the ten-year yield at 4.22. you see sharp movements. you can check out gold which is on a record run as well. it is over $2,200. bitcoin is coming back from yesterday's lows of around 61,000. check it out now. 67,000. joe, what he said yesterday sounded, to me, they are being patient in terms of when they raise rates. >> cut rates. >> took the idea -- >> when they are going to cut. >> yes. he said these are the highs we are looking at closely. >> now i sound like kevin morris. starting with the "so." six months ago, they said three and people said five or six. we like five or six. then, we slowly come to realize that we would kill for three and maybe we don't get any. now he says three and water happy. >> he didn't say three. the dot plots said three. >> the fed is basically saying that these hot inflation numbers that we have seen the past two months on transitory. we're back to transitory. >> yes, i would take it deeper and i'll talk to steve about this in a second. to me, he probably didn't want to switch pos
we heard from the fed and jay powell and company. we see the ten-year yield at 4.22. you see sharp movements. you can check out gold which is on a record run as well. it is over $2,200. bitcoin is coming back from yesterday's lows of around 61,000. check it out now. 67,000. joe, what he said yesterday sounded, to me, they are being patient in terms of when they raise rates. >> cut rates. >> took the idea -- >> when they are going to cut. >> yes. he said these are the...
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Mar 21, 2024
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you had the recession fears baked into the market and the fed and the jay powell press conference on the side of putting the rate cuts coming through. >> we will use flash this morning with the stoxx 600 with the fresh record high. we had highs on the dax in recent days. what we are seeing is the concentration of bets in technology and not just in the united states, but breadth coming from japan to the european markets. does that continue? do you think there is more momentum in the european sn markets? >> absolutely. a lot of the market gains we had so far have been led by the big stocks in europe and the united states. the valuations of the smaller stocks in the markets are not the challenging. the earnings is not challenging for the stocks out of the earnings recession. that should be supportive for the stocks. we have seen that this morning. >> can we dig into the weeds? record highs at the moment. a lot of val tue traps out ther with the auto sector. you are a top fund manager. what are you doing next? >> what we would suggest is stay inv invested. a lot of cash on the sidelines
you had the recession fears baked into the market and the fed and the jay powell press conference on the side of putting the rate cuts coming through. >> we will use flash this morning with the stoxx 600 with the fresh record high. we had highs on the dax in recent days. what we are seeing is the concentration of bets in technology and not just in the united states, but breadth coming from japan to the european markets. does that continue? do you think there is more momentum in the...
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Mar 22, 2024
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remind everyone jay powell's term is in place until may of 2026. >> how about clarida? pup pull you back in. >> we're on. >> good to have you. >>> when we come back, what a moderator has to say about overseeing the reddit site and the company's ipo. rich, stick arndou. learn more about reddit. "squawk box" will be right back. you! your business bank account with quickbooks money now earns 5% apy. (♪♪) that's how you business differently. intuit quickbooks. >>> welcome back, everybody. reddit popping nearly 50% first day of trading on the new york stock exchange. some of the investors taking part in the company's public debut had close ties to the site. reddit actually offered 8% of shares to a select group of users and moderators in a direct share program. however, not everyone in the group took part in that ipo. one member of the reddit community who did not joins us. courtney swearingen currently moderates along side the day job as an attorney. courtney, thanks a lot for being here this morning. >> thanks for having me. >> i'm not sure everyone knows. we've talked
remind everyone jay powell's term is in place until may of 2026. >> how about clarida? pup pull you back in. >> we're on. >> good to have you. >>> when we come back, what a moderator has to say about overseeing the reddit site and the company's ipo. rich, stick arndou. learn more about reddit. "squawk box" will be right back. you! your business bank account with quickbooks money now earns 5% apy. (♪♪) that's how you business differently. intuit...
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Mar 19, 2024
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what would he be urging fed chair jay powell to do at this point in time? >> well, if you boil down the supply side formula, it is stable money and low taxes. i think he, as i would, and i don't mean to speak for art. i think the problem is the constant ratcheting up and ratcheting down. i would have started a bit earlier after we saw inflation in july of 2021 instead of waiting until march of 2022 for liftoff. but by december, 2022, when they got to 4.25 to 4.5, i would have stopped. i w at that point you've normized. at 4.5 it's reasonable. that's when the fed should quit micromanaging. it should let markets and price signaling sort out how to reconcile demand and supply for loanable funds. i think the fed is too activist. it's the egocentric predicament. they think they have to be always involved in economic performance. >> right. we have a pretty good economy without the fed. it wouldn't be hard to get to 4.5. i know they went up too far in your view. they could make good on that, couldn't they? >> not now. not now. >> too late? okay. >> now they're not
what would he be urging fed chair jay powell to do at this point in time? >> well, if you boil down the supply side formula, it is stable money and low taxes. i think he, as i would, and i don't mean to speak for art. i think the problem is the constant ratcheting up and ratcheting down. i would have started a bit earlier after we saw inflation in july of 2021 instead of waiting until march of 2022 for liftoff. but by december, 2022, when they got to 4.25 to 4.5, i would have stopped. i w...
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Mar 12, 2024
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three cuts most likely starting in june, and that was reaffirmed by jay powell. i think, becky, that's the right outlook. that's what should happen given the economy we are living in today. >> even if that inflation number comes in hotter than anticipated, you don't think that will push things off? jamie dimon speaking yesterday said he thinks maybe the fed should not cut in june but wait and see how it goes and give the fed room, and he thinks the fed's reputation is at risk if they cut too soon. >> yeah, and they could wait too long. what is the right underlying inflation rate, or what economists call the neutral interest rates? what do you think the equilibrium rate? if you think it's 2%, then they should hold off. if, like me, you believe we are living in a world where supply is flexible and you should aim higher than 2% and tolerate more than 2% for a while, 2.5 to 3, then we are restrictive and we should cut. all of the discussions lead back to something that people don't like talking about, which is what is the right inflation target for the world that we
three cuts most likely starting in june, and that was reaffirmed by jay powell. i think, becky, that's the right outlook. that's what should happen given the economy we are living in today. >> even if that inflation number comes in hotter than anticipated, you don't think that will push things off? jamie dimon speaking yesterday said he thinks maybe the fed should not cut in june but wait and see how it goes and give the fed room, and he thinks the fed's reputation is at risk if they cut...
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Mar 5, 2024
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. >>> fed jay powell will give a message to congress tomorrow. >>> weight loss drugs can shed pounds but draining tax dollars. a guest will join us to explain. the second hour of "squawk box" starts right now. >>> good morning and welcome back to "squawk box" here on cnbc live from the nasdaq market in times square. here with becky quick, i am joe kernen. andrew is off. tax dollars? >> yeah, and we will get that story. i still don't like needles in my lips, forehead or stomach. it will take time and convincing. we will be with you in a second, brian. do you have an opinion? >> take your time, joe. >> you don't look like you need any of those -- well, you will see as time passes. >>> you can see we are in the red. i still think apple, maybe somebody else can pick up the slack, but as long as apple is feeling the blues, i'm not sure we go much higher, but we will see. crypto was not listening to that. down over a percent today. i think i saw 68.6 at one point. >> i saw 67.99 something. >>> target is out with better than expected fourth quarter results. it was much better than the 242 t
. >>> fed jay powell will give a message to congress tomorrow. >>> weight loss drugs can shed pounds but draining tax dollars. a guest will join us to explain. the second hour of "squawk box" starts right now. >>> good morning and welcome back to "squawk box" here on cnbc live from the nasdaq market in times square. here with becky quick, i am joe kernen. andrew is off. tax dollars? >> yeah, and we will get that story. i still don't like...
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Mar 4, 2024
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on investors' minds, testimony from fed chair jay powell and the big jobs report coming friday. apple hit way nearly $2 billion antitrust fund allegedly favoring its own streaming service over rivals. out of the eu. details ahead. and opec+ hopes to keep crude production cut for longer. asking about how this decision could ripple through the worldwide energy markets as the time hour of "squawk box" begins right now. >>> good morning, everybody. and welcome back to "squawk box" right here on c nbc. live from the market site in times square. i'm becky quick along with joe kernen. andrew is off today but here we go. it's a monday and so far not a whole lot of movement, but you do see red arrows. dow futures off by 115 at this hour. weakened during the course of the morning. s&p futures down by about 7. nasdaq indicated off 8.5. treasury yields higher. ten year above 4.2. two year at 2.56 and bitcoin and other cryptocurrencies. bitcoin pushing higher. up almost 4% this morning above 65,000. 65,241. among today's top business stories the european union's competition enforcer fining a
on investors' minds, testimony from fed chair jay powell and the big jobs report coming friday. apple hit way nearly $2 billion antitrust fund allegedly favoring its own streaming service over rivals. out of the eu. details ahead. and opec+ hopes to keep crude production cut for longer. asking about how this decision could ripple through the worldwide energy markets as the time hour of "squawk box" begins right now. >>> good morning, everybody. and welcome back to...
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Mar 14, 2024
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earnings come in 10%- higher yer over year and jay powell saying the rate cuts on coming. these financial decision makers have also had rate cut exp expectations in line with the market. forecasting a cut between june and september. no cfo forecast a cut in the may meeting, but 7% said they see a scenario where the fed will not cut until 2025. the overwhelming majority say the inflation fight will take until 2025 and possibly longlonger. back to you. >> i'm speaking to the ecb chief economist philip lane in an hour and a half. >>> investors are looking for key data and jobless claims and ppi data set to cross the wires ahead of the fed decision due next week. karen, you want to move on to talk about other stories? >> i know you are excited about retail sales. >>> u.s. lawmakers in the house of representatives overwhelming by ppas pass ed a bill to ban t. tiktok ceo's said this is leading to the app ban in the united states. >> we have invested to keep your data safe and our platform free from outside manipulation. we are continued to do so. this legislation, if signed into
earnings come in 10%- higher yer over year and jay powell saying the rate cuts on coming. these financial decision makers have also had rate cut exp expectations in line with the market. forecasting a cut between june and september. no cfo forecast a cut in the may meeting, but 7% said they see a scenario where the fed will not cut until 2025. the overwhelming majority say the inflation fight will take until 2025 and possibly longlonger. back to you. >> i'm speaking to the ecb chief...
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Mar 28, 2024
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data is coming out and jay powell is speaking a lot of events for the market at this stage. we are trading at fresh records on the dax and the cac 40. let's take a look at the sectors. most trading positive. a couple of patches of red on the boards this morning, as we look at is the tohe sectors, stronger areas are travel and leisure big stock gauiners with a coupl of to move the needle on the stocks as we gear up for the end of the quarter i think we are not showing you the stocks we are not showing the stocks. we have bigger effifish to fry. we have to talk about the bunny and cocoa. >>> we have bunnies to fry sorry. we are not talking about real bunnies, but chocolate bunnies it is easter this weekend and chocolate at the front of my mind many of yours, as well the key ingredient, cocoa, has soared in prices soared is an understatement. p parabolic on the chart it is because of disease and extreme weather hampered production in the countries like the ivory coast which produce cocoa. it is a sad story. >> it is a sad story there is also climate change reasons with the soar
data is coming out and jay powell is speaking a lot of events for the market at this stage. we are trading at fresh records on the dax and the cac 40. let's take a look at the sectors. most trading positive. a couple of patches of red on the boards this morning, as we look at is the tohe sectors, stronger areas are travel and leisure big stock gauiners with a coupl of to move the needle on the stocks as we gear up for the end of the quarter i think we are not showing you the stocks we are not...
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Mar 27, 2024
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powell when he speaks later this week, that will be some of the concerns he rattled the market with him saying we may not get a soft market landing the markets pulling back until they get confirmation data stateside, a bit of a fade on some of the big names across the ai universe, and picking up on some of the trends, a flat open start. not where we were when we wrapped up yesterday the stocks are at different plays and sectors. i can tell you retail at the top of the boards this morning oil and gas at the bottom though we've got to a retreat here. that's despite better than expected data. what we're getting out of the travel agent space, retreat down 0.4% don't forget it's been challenging for boeing talking about how it repairs its image around the culture over the issues that have plagued the company for a number of years. bnps, one of the weaker starters real estate down 0.2%. financials, similar. u.p.s. at the bottom we're talking about the chinese now hitting back against the u.s. and the inflation reduction act and support that's being give on the the big autos. a lot of movi
powell when he speaks later this week, that will be some of the concerns he rattled the market with him saying we may not get a soft market landing the markets pulling back until they get confirmation data stateside, a bit of a fade on some of the big names across the ai universe, and picking up on some of the trends, a flat open start. not where we were when we wrapped up yesterday the stocks are at different plays and sectors. i can tell you retail at the top of the boards this morning oil...
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Mar 20, 2024
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we're watching for signal from jay powell and company. >>> still in the early stages, what nvidia is telling jim cramer on the back of the compy's new chips. >>> and the faa setting off a rece
we're watching for signal from jay powell and company. >>> still in the early stages, what nvidia is telling jim cramer on the back of the compy's new chips. >>> and the faa setting off a rece
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Mar 18, 2024
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jay powell and company starting a two-day policy meeting this week. we're going to preview. >>> could home buyers see a reprieve in prices due to that national association realtors settling its lawsuit over commissions. we will talk home prices in the housing market as the spring selling season ramps up. the second hour of "squawk box" begins right now. ♪ >>> good morning and welcome back to "squawk box" here on cnbc live from the nasdaq market site in times square. i don't need to tell you who i am or who this is. >> please do. >> always looking for new viewers. >> okay. >> i'm joe kernen. >> this is becky quick. andrew ross sorkin is off today. he'll be back eventually. here are the futures this morning. we are seeing some sharp upward momentum with the nasdaq. also you can see the s&p is up, but the dow is off just a little. it is another fed week. they come fast and furious. two meetings and a press conference, before that we see 4.3%. been seeing a drift up in the yield on the ten-year as we've had some of those hotter than expected inflation n
jay powell and company starting a two-day policy meeting this week. we're going to preview. >>> could home buyers see a reprieve in prices due to that national association realtors settling its lawsuit over commissions. we will talk home prices in the housing market as the spring selling season ramps up. the second hour of "squawk box" begins right now. ♪ >>> good morning and welcome back to "squawk box" here on cnbc live from the nasdaq market site in...
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Mar 11, 2024
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i think jay powell has something to do with it, too. >>> the bill in the house is moving closer to the vote to ban tiktok in the u.s. or force the chinese parent to sell the company. "the wall street journal" says the momentum caught tiktok by surprise and flood congress with phone calls has back fired. president biden said friday he would sign the legislation if congress passed it. "the journal" reports that bobby kotick has expressed interest in buying tiktok. he floated that idea at the dinner last week which included openai ceo sam altman. and formerly president trump now doesn't want to ban tiktok. now swirling. it is anti-zuckerberg. that's all it looked like to me. the enemy of my enemy a lot of times with the former president can be. again, there have been times when we said you just get uncomfortable about banning companies that you don't like what they're doing. >> china can do the same to us. >> exactly. if ccp is manipulating our youth and krucorrupting them. >> we might be able to talk about this with somebody later? >> i forgot about that. we may be able to ask former pre
i think jay powell has something to do with it, too. >>> the bill in the house is moving closer to the vote to ban tiktok in the u.s. or force the chinese parent to sell the company. "the wall street journal" says the momentum caught tiktok by surprise and flood congress with phone calls has back fired. president biden said friday he would sign the legislation if congress passed it. "the journal" reports that bobby kotick has expressed interest in buying tiktok. he...