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Mar 4, 2024
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james cited jay powell. what can help the rally? >> i think one of the things that all the market would agree on is the rally is fueled by artificial intelligence implemented in technology that is real and profits are real. one of the things that the market will realize is although the boogeyman of jay powell raising rates can kill the rally, but the reason for powell raising rates is almost nonexistent now. there is no recession. there is no high inflation in sight. inflation is on the way down. chairman powell reassured us of that. one thing to watch out for is the timing and size of the rate cuts. one of the things the market underestimated is the interest rates may level off with the pro pr productivity is at a higher rate. >> while you talk about productivity, you sent us a chart. it compare s. pc revolution and the dot-com bubble. you see the pc revolution on the left and the a.i. on the right. what is the most important part of the comparicomparison? >> we should realize the pc revolution did is boost profits in the 1990s. it
james cited jay powell. what can help the rally? >> i think one of the things that all the market would agree on is the rally is fueled by artificial intelligence implemented in technology that is real and profits are real. one of the things that the market will realize is although the boogeyman of jay powell raising rates can kill the rally, but the reason for powell raising rates is almost nonexistent now. there is no recession. there is no high inflation in sight. inflation is on the...
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Mar 7, 2024
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jeremy, we saw the markets finish higher after the jay powell testimony. what does that indicate to you about traders' confidence in the cuts? >> we were saying the market was getting excited and started pricing in six-to-seven wcuts. if the fed doesn't price in the cuts, we will have a tough time of getting gains in the market. we said it wasn't about the cuts, but willingness to cut if there is weakness. we were worried to say inflation is the top concern. we cannot say. he showed the flexibility. we think inflation is lower than reality with the housing data and real-time housing is down 1%. you get updates on that. we think he should be cutting, but i think the data is coming in in a way to allow them to start cutting in it june. >> jeremy, you have come with alternative data on inflation in previous times. sophie, over to you. do you agree with jeremy's take this gave the confidence the cuts are coming and is this enough to keep the rally going? >> there's no doubt, really, that cuts are going to be coming through. i personal thinly think there i disc
jeremy, we saw the markets finish higher after the jay powell testimony. what does that indicate to you about traders' confidence in the cuts? >> we were saying the market was getting excited and started pricing in six-to-seven wcuts. if the fed doesn't price in the cuts, we will have a tough time of getting gains in the market. we said it wasn't about the cuts, but willingness to cut if there is weakness. we were worried to say inflation is the top concern. we cannot say. he showed the...
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Mar 8, 2024
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jay powell on the hill. jobs report and state of the union address. a lot for investors to consider. also the s&p hitting a new record. what do you see happening today? what is your "wex" word of the day? >> my word of the day is indifferent. lots of chatter all over cnbc and other news networks about the state of the union. i don't think the market is moving based on the state of the union address. it was a spirited address. i don't think we will see any permanent movement around the election until closer to november. >> indifferent? i wasn't expecting that one. not worried about it either way. >> i think there are other headlines on the docket for today. jobs report. we have been talking about that all morning. it is moving the market today over the state of the union. >> right now, you are looking at what moves you want to make going into march. we have guidance from jay powell. the cuts are coming, but it is not clear when. how are you moving portfolios? what are you looking at right now? what considerations do you have? >> i think we can look at
jay powell on the hill. jobs report and state of the union address. a lot for investors to consider. also the s&p hitting a new record. what do you see happening today? what is your "wex" word of the day? >> my word of the day is indifferent. lots of chatter all over cnbc and other news networks about the state of the union. i don't think the market is moving based on the state of the union address. it was a spirited address. i don't think we will see any permanent movement...
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Mar 6, 2024
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something else we have to talk about, jay powell and the hill you laughed right now. a lot of your clients have called you about your expectations what are you expecting to hear from jay powell? in your mind do you expect them to deviate at all from what he said at the fomc meeting or what we heard from fed officials? >> he's trying to strike more of a dovish tone. we're on record for that being a mistake. i think the fed has completely mischaracterized how low interest or how reduced interest rate-sensitive the economy is and the need for rate cuts inflation is going to come in stronger i think he's going to signal the rate cuts, but the economy is closing the window for it. the bond market is going to be it's been disappointing. it's going to continue to be disappointed they may be able to squeeze off one or two, but the economy is going to close that window there's an election cycle. >> you think he's going to turn more dovish? we've heard wait and see now you say when it comes to the hill, he gets a little more dovish >> i think he 's in the wait and see. he's got
something else we have to talk about, jay powell and the hill you laughed right now. a lot of your clients have called you about your expectations what are you expecting to hear from jay powell? in your mind do you expect them to deviate at all from what he said at the fomc meeting or what we heard from fed officials? >> he's trying to strike more of a dovish tone. we're on record for that being a mistake. i think the fed has completely mischaracterized how low interest or how reduced...
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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 recent wave of safety issues. what the airplane giant has to do. >>> and a stock split. >>> it's wednesday, march 20th, 2024. you're watching "worldwide exchange" right here on cnbc. ♪ >>> good morning and welcome to "worldwide exchange." thank you so much for being here with us. let's get you ready for the trading day ahead. we're going to get a check of the markets with the u.s. futures getting set for another day of the markets. take a look at the futures. in the red across the board. looks like the dow would open 15 points higher. slightly under pressure. it ended extremely vol a title yesterday. the dow seeing its best day in nearly a month. let's get a check of the bonds and the big fed rate decision later today. taking a look right now, we're seeing the benchmark coming in at 4.27. we're going to talk much more about expectations coming up. we also look at the oil market continuing its boun
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 recent wave of safety issues. what the airplane giant has to do. >>> and a stock split. >>> it's wednesday, march 20th, 2024. you're watching "worldwide exchange" right here on cnbc. ♪ >>> good morning and welcome to "worldwide exchange." thank...
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Mar 19, 2024
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we will hear from jay powell later today. he is just as dovish as he was when he went to capitol hill. it looks like we're on track for the three cuts. how do you advise your clients? >> this is the position that we are positioned for here. we expect 100 to 125 basis points of rate cuts this year. we think that is a situation where we expect the market to continue to rally and for the leadership to broaden. more t importantly, we expect the b barbell situation. we will continue rates to go lower. the back up in rates would reverse. we see small caps and other sicyclicals in the market. from the secular perspective, that is the issue with the banks and continued healthy growth of the economy. the loan books would do well. >> thank you for staying for you used. we were hearing vance check his mic while you were talking. vance, before were expecting six cuts. now we're down to three. how important is it that we get these three cuts and if we do get themas expected, how do you advise your clients? >> powell said he was dial back.
we will hear from jay powell later today. he is just as dovish as he was when he went to capitol hill. it looks like we're on track for the three cuts. how do you advise your clients? >> this is the position that we are positioned for here. we expect 100 to 125 basis points of rate cuts this year. we think that is a situation where we expect the market to continue to rally and for the leadership to broaden. more t importantly, we expect the b barbell situation. we will continue rates to...
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Mar 21, 2024
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." >>> jay powell and the fed maintain the commitment to the rate cuts. >>> the rally rippling through the markets. japan hits an all-time high. >>> equity in the ipo markets as reddit gets set for the first trade which followed a rocket ship of a debut. >>> stellar quarter for micron has the chip sector surging ahead of the open. >>> possible pressure for apple and anti-trust allegations. it's thursday, march 21st, 2024. you're watching "worldwide exchange" right here on cnbc. >>> good morning and welcome to "worldwide exchange." thank you for being here with us. let's get you ready for the trading day ahead and the check of the u.s. stock futures with the dow, s&p and nasdaq all coming off record closing highs and looking to push deeper into the green this morning. the futures market is strong showing for all three. the nasdaq is opening up .75% higher. you see the dow looking like it would open up more than 100 points higher. we are paying attention to small caps with the russell indicating gains. you have to see small caps rising 2% with super micro in the red today. and80 s&p 500
." >>> jay powell and the fed maintain the commitment to the rate cuts. >>> the rally rippling through the markets. japan hits an all-time high. >>> equity in the ipo markets as reddit gets set for the first trade which followed a rocket ship of a debut. >>> stellar quarter for micron has the chip sector surging ahead of the open. >>> possible pressure for apple and anti-trust allegations. it's thursday, march 21st, 2024. you're watching...
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Mar 18, 2024
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let me say, i think jay powell is doing an excellent job as the chair of the fed. he is keeping the process apolitical. that's fundamental, i think, to the way a central bank has to operate. >> dennis lockhart, thank you for getting up early for us today. i appreciate that. >> thank you. >>> let's check on the top corporate stories with silvana henao who joins us. silvana. >> contessa, good morning. the biden administration is calling on the senate to move quickly on the bill to force tiktok's parent company to sell the social media company. the call by national security adviser john kirby comes after the senate cleared with overwhelming support. senate majority leader chuck schumer said he is in no rush on the bill the and congress must as a second package of funding bills by friday's deadline. >>> we are watching shares of boeing this morning. down about 1% in the pre-market. now, this is plane problems and the faa and united airlines say they will each investigate the incidents with the united planes which lost a panel on friday. ground crews discovered the plan
let me say, i think jay powell is doing an excellent job as the chair of the fed. he is keeping the process apolitical. that's fundamental, i think, to the way a central bank has to operate. >> dennis lockhart, thank you for getting up early for us today. i appreciate that. >> thank you. >>> let's check on the top corporate stories with silvana henao who joins us. silvana. >> contessa, good morning. the biden administration is calling on the senate to move quickly on...
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Mar 15, 2024
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from jay powell to goldman sachs. a mixedsis and which key player is bullish on the year ahead? it is friday, march 15th, 2024. you are watching "worldwide exchange" here on cnbc. >>> welcome back to "worldwide exchange." i'm dominic chu in for holfrank hol holland. the dow stamping the three-day winning streak yesterday and right now the dow is implied higher by 34. s&p by 6 and the nasdaq higher by one point right now. we are preparing to wrap up the trading week and all three are holding on to thin gains right now. all up .50% to .1%. bitcoin prices are testing new highs this week, but pulling back with the levels at $67,091. that is down 3.25%. one stock weighing on sentiment is adobe. the weaker forecast is overshadowing an otherwise strong quarter as investments in artificial intelligence continue to payoff. the ceo praised the adobe advances in a.i. just on cnbc yesterday. >> i think the research that exis exists is incredible. not just openai, but adobeas well. i look at the text-to-video in what it relates with the models and embedding that with premium pro. >> it is ou
from jay powell to goldman sachs. a mixedsis and which key player is bullish on the year ahead? it is friday, march 15th, 2024. you are watching "worldwide exchange" here on cnbc. >>> welcome back to "worldwide exchange." i'm dominic chu in for holfrank hol holland. the dow stamping the three-day winning streak yesterday and right now the dow is implied higher by 34. s&p by 6 and the nasdaq higher by one point right now. we are preparing to wrap up the trading...
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Mar 22, 2024
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why is that meaningful after jay powell say he is not as concerned about inflation? >> i do think they are over-optimistic when we look at the setup of where we are historically. you see a second wave of inflation with a late cycle the phenomena with tight inflation and tight commodities. when you have those two setups and on top of the fuel on the fire with the fiscal spending and we are looking at the tight commodities. that's why i'm looking at the ppi. we see metals and energy and cocoa. we need to start paying attention to the signs that the economics are really telling us and the fmoc is trying to be optimistic and reassure about the three cuts and as we go down the road and when we come to september, they will have to start changing their tune. >> you know, you are not the only person worried about re reinflation. blackrock was on yesterday and was focused on that. >> the fed interest rate tool does not impact the heavy levels. healthcare cost and education cost and insurance. there is a dynamic in part why the fed is right to say the last mile is hard. bringi
why is that meaningful after jay powell say he is not as concerned about inflation? >> i do think they are over-optimistic when we look at the setup of where we are historically. you see a second wave of inflation with a late cycle the phenomena with tight inflation and tight commodities. when you have those two setups and on top of the fuel on the fire with the fiscal spending and we are looking at the tight commodities. that's why i'm looking at the ppi. we see metals and energy and...
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Mar 13, 2024
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a pce report and jay powell testified on capitol hill saying in part rate cuts are coming. . with that information these financial decision-makers have rate cut expectations that are largely in line with the market, forecasting a cut between june and september. important to note, no cut in the march to may meeting, but they did see a scenario where they would not cut until 2025. >>> the fed's go is to get it down 2%. a quarter say it will happen this year but the overwhelming majority say the inflation fight will take until 2025 or possibly even longer. >>> time now for a check on more of this morning's headlines. nbc's frances rivera in new york with the latest. great to see you. >> hi, frank, good morning. a historic presidential rematch is in the work as the fresh round of primary results are in the works. they have each won enough delegates to become the presumptive nominees, essentially setting up a sequel to the 2020 election. >>> meanwhile the house majority is getting smaller. ken buck will be stepping down next week. he said he will not be running for re-election thi
a pce report and jay powell testified on capitol hill saying in part rate cuts are coming. . with that information these financial decision-makers have rate cut expectations that are largely in line with the market, forecasting a cut between june and september. important to note, no cut in the march to may meeting, but they did see a scenario where they would not cut until 2025. >>> the fed's go is to get it down 2%. a quarter say it will happen this year but the overwhelming majority...
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Mar 11, 2024
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we felt inflation was on the right track and then jay powell said it seems it is on the right track, but they need more he have evidence. you are in the camp of a hotter inflation report. what happens then? >> i think that the market will get a little more defensive without a doubt. we already saw hotter than p ex expected ppi. they have been range bound all year. economists thought we were falling. the expectation is 2.7%. that means we could get a hotter than expected number in the next inflation print. if that's the case, powell will move slowly and the market is coming back to thinking that three rate cuts are in the mix for this year. that was down from six which is what we believed at the beginning of the year. if that is potentially threatened to be less than that, then we could see the markets just continue to wonder about whether or not 23 times pe makes sense. >> a lot hinges on the cpi. gina sanchez, thank you. >>> time for the check of the top corporate stories with silvana henao. silvana, good morning. >> frank, good morning. the road show for reddits is set to kickoff t
we felt inflation was on the right track and then jay powell said it seems it is on the right track, but they need more he have evidence. you are in the camp of a hotter inflation report. what happens then? >> i think that the market will get a little more defensive without a doubt. we already saw hotter than p ex expected ppi. they have been range bound all year. economists thought we were falling. the expectation is 2.7%. that means we could get a hotter than expected number in the next...
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Mar 25, 2024
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powell with his efforts to tame inflation. for our international allocation, it is a drag, but overall, this is a positive on the inflation front. >> i want to get your take on the markets. earlier in the show, we had a new note from goldman. they see 5,200 they see a scenario where they see mega cap tech move to 6,000. do you agree or disagree >> i don't know about the exact number, but we're not abandoning technology it is way too important everywhere in the economy. it is not just tech companies right now. if you are not a tech-enabled company, you are likely losing ground we think this development and innovation from silicon valley and other places is here to stay it is a permanent trend. we don't think it's low valuation, of course, so you want to be careful where you go. you have to be in technology if you are looking into the future. >> you are all about technology. do you agree in the sentiment with the goldman sachs note? you don't know if it is 6,000 s&p year-end number, but agree with the thesis. you are one of the
powell with his efforts to tame inflation. for our international allocation, it is a drag, but overall, this is a positive on the inflation front. >> i want to get your take on the markets. earlier in the show, we had a new note from goldman. they see 5,200 they see a scenario where they see mega cap tech move to 6,000. do you agree or disagree >> i don't know about the exact number, but we're not abandoning technology it is way too important everywhere in the economy. it is not...