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Apr 17, 2024
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i think the market figured it as jay powell had said. it doesn't make sense the june cut given where inflation is right now. >> right now we see two sectors, utilities and also real estate. in your mind, what does that signal? it feels like days ago. i was a couple of weeks ago. everybody is talking about this broadening of the market and now we're seeing contraction. >> two sectors are real estate and utilities. you've got inflation, you've got a fed that can't be cutting interest rate sensitivity. that's not what you want on your equity exposure. you want companies participating the growth, and real estate and utilities don't do that. >> again, your w.e.x. word of the day is "premonetary," waiting for something bad to happen. you seem to be a boxing fan. you gave us notes, an old mike tyson quote. everybody is surprised until they get punched in the mouth. it had to be a bit of a surprise. what do you advise clients to do? >> i think you've got to have a plan to stuck to when you do get that pup. in the mouth. that's when it's difficul
i think the market figured it as jay powell had said. it doesn't make sense the june cut given where inflation is right now. >> right now we see two sectors, utilities and also real estate. in your mind, what does that signal? it feels like days ago. i was a couple of weeks ago. everybody is talking about this broadening of the market and now we're seeing contraction. >> two sectors are real estate and utilities. you've got inflation, you've got a fed that can't be cutting interest...
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Apr 25, 2024
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>> you know, it is jay powell who has preempted what is coming he set the stage for higher for longer the fed funds futures have adjusted what has not adjusted is the broad multiple across the stock market and that is why you are seeing quite a bit of blood in the streets at moment. >> gina, thank you colorful language. blood that streets a lot of people are scratching their heads. gina, thank you. for more on what is driving the markets and trading day ahead, head to cnbc pro at cnbc.com/pro >>> coming up on "worldwide exchange," throw out the $50,000 price tags because at the beijing auto show, we very broad appeal that's where we find our eunice yoon >> reporter: thank you, frank. elon musk elonhoped to revisit e idea of the affordable ev. he is not the only one more in a few minutes. with gold and copper prices pushing towards all-time highs, u.s. gold corp is advancing its environmentally friendly gold and copper mining project and creating american jobs in mining friendly wyoming. with a proven management team and board, a tight share structure, and a solid cash balance, u.s. go
>> you know, it is jay powell who has preempted what is coming he set the stage for higher for longer the fed funds futures have adjusted what has not adjusted is the broad multiple across the stock market and that is why you are seeing quite a bit of blood in the streets at moment. >> gina, thank you colorful language. blood that streets a lot of people are scratching their heads. gina, thank you. for more on what is driving the markets and trading day ahead, head to cnbc pro at...
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Apr 29, 2024
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what does jay powell and the fed members are looking at here? >> they are seeing the service sector inflation is hanging out at 4% and has been since december and hasn't budged a lot of that is housing, we understand, but also underlinin the shortage of skilled labor. that is what the fed is talking about that may be alleviated if not alleviated, they will bring in rates with the tie supply the fed will not expect so much spending power with all of the job creation in the job market the market is focused on the payroll survey on friday which averaged $290,000 jobs per month. if you get the survey and the job creation is averaging 90,00 since january. the spending power generated by the job market may not be as strong in the past and not be as inflationary as people are afraid of here >> i want to stick with the job market for a minute. we looked at the downward revisions with the numbers we get the initial number and get revisions. i want to talk about services. up 4% year over year goods have not changed back in the pandemic, bill, goods inflat
what does jay powell and the fed members are looking at here? >> they are seeing the service sector inflation is hanging out at 4% and has been since december and hasn't budged a lot of that is housing, we understand, but also underlinin the shortage of skilled labor. that is what the fed is talking about that may be alleviated if not alleviated, they will bring in rates with the tie supply the fed will not expect so much spending power with all of the job creation in the job market the...
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Apr 30, 2024
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if we see a dovish jay powell, that means it will decline. why do you want to invest in t.i.f.s right now? >> it is not that i think the rate of inflation is going to come down. we are stuck in the new normal of 3%. the fed cut the 2% mandate. the reason i like t.i.f.s, it is a risk in the economy. we are seeing a ton of metrics that the bite is working. they are defaulting on auto and credit cards and recently housing. higher rates are working. there's always the risk that if the fed continues, the consumer continues strong and the bite of higher inflation erodes the value of treasuries. >> okay. the fed has a big influence on the global investing environment. you say when it comes to equities, you like international stocks over u.s. names. is there a certain region you like? >> it is more about the moat of underlining economy. we see a belief the consumer in the u.s. continues to be resilient. if you look international, starting valuations are more interesting as well as dividends. it pays to pay a risk. you are paid to take risks. >> all r
if we see a dovish jay powell, that means it will decline. why do you want to invest in t.i.f.s right now? >> it is not that i think the rate of inflation is going to come down. we are stuck in the new normal of 3%. the fed cut the 2% mandate. the reason i like t.i.f.s, it is a risk in the economy. we are seeing a ton of metrics that the bite is working. they are defaulting on auto and credit cards and recently housing. higher rates are working. there's always the risk that if the fed...
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Apr 26, 2024
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it felt like jay powell in april should t shut the door on that. >> there is still a small chance it could happen. the market pricing is suggests it will be later it comes at 2.8% and we perhaps get a july cut >> i want to talk about the magnificent seven mega cap tech. we got reports from microsoft and alphabet a lot of concentration in the m market with the risk of the burst. investors have confidence in the companies. going forward, do you see the magnificent seven trade being something that continues to power the market or are we going to see rotation? >> a good question of course, it is not a bubble if it is underpinned by the fundamentals our philosophy is the area is another trigger catalyst for the direction of the equity market moving forward our view and models with pricing for eps has been suggesting that the u.s. market and especially big tech and growth companies have been priced for perfection. that means the bar to satisfy the markets is quite high. in terms of europe, the market is more fairly priced. if reports come in line with the analysts, it is okay for the u.s.,
it felt like jay powell in april should t shut the door on that. >> there is still a small chance it could happen. the market pricing is suggests it will be later it comes at 2.8% and we perhaps get a july cut >> i want to talk about the magnificent seven mega cap tech. we got reports from microsoft and alphabet a lot of concentration in the m market with the risk of the burst. investors have confidence in the companies. going forward, do you see the magnificent seven trade being...
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Apr 16, 2024
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we will have jay powell speaking this afternoon. before that, don't miss our interview with ecb president christine lagarde at 9:00 a.m. >>> let's look at the trading day ahead and bring in david katz. david, good morning. i'll jump into it. looking at futures lower right now. what is your "wex" word of the day? >> unsettled. a number of uncertainties that the market is dealing with. whether israel and iran or interest earnings season. this causes the market to be uncomfortable. you have the downside over the short term. >> what do you expect from jay powell this afternoon? a lot of anticipation about the rate cut path. the market is sold off on the higher than expected retail number which gave investors a feeling the rate cuts were pushed further out. >> we don't think he will say anything that significant new. we think he will talk about the fed ultimately lowering rates, but not in a hurry and looking at data as it comes in. we feel it gets pushed out a little bit. that coupled with the good economy leaves us upbeat about the sto
we will have jay powell speaking this afternoon. before that, don't miss our interview with ecb president christine lagarde at 9:00 a.m. >>> let's look at the trading day ahead and bring in david katz. david, good morning. i'll jump into it. looking at futures lower right now. what is your "wex" word of the day? >> unsettled. a number of uncertainties that the market is dealing with. whether israel and iran or interest earnings season. this causes the market to be...
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Apr 18, 2024
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have you changed with jay powell talking a few daysi ago >> we do think the strength you see in the u.s. inflation suggests that the timeline may be pushed back and the pace of rate cuts may be slower. importantly for investors, it is important to keep in mind that the next move does look like it will be lower. also importantly, the delay is going against the back drop of solid growth that prevesents two factors if you are having the delay against the strong growth back drop, it is still an opportunity to lend to high quality companies. coming back to that credit >> how many cuts >> we think the scope for three if the fed is able to deliver a cut in july. we have a couple of cpi prints and labor market reports big picture looks like it will be lower >> thank you very much for coming to the set. >> thank you >>> we turn our an tttention to developing story beijing this morning responding to the biden administration proposal of chinese made steel and aluminum with a threat of tariffs. we have eunice yoon with more on the story. >> reporter: thank you, frank. china called president biden's
have you changed with jay powell talking a few daysi ago >> we do think the strength you see in the u.s. inflation suggests that the timeline may be pushed back and the pace of rate cuts may be slower. importantly for investors, it is important to keep in mind that the next move does look like it will be lower. also importantly, the delay is going against the back drop of solid growth that prevesents two factors if you are having the delay against the strong growth back drop, it is still...
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Apr 1, 2024
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i don't think jay powell is in a rush to make any moves. they want to continue to trend in the right direction. so, the market can do well while the fed is on pause. i think we will see rate cuts happening this year. >> what's been working so far? is that mega cap tech trend broadening out? raeann, we are talking about the big names likes n nvidia. do you take profits or roll it over? >> we are taking profits after the run we have seen in the last year. we have seen that broadening out. we're happy to see that. that's largely that the market is saying the economy survived the rate hiking cycle and everything is looking good. we have been broadening out. we have been reallocating to areas outside of tech. we're keeping in tech. just not overweight. >> i know you are looking at alternatives. private equity especially. what about gold? would you move part of your portfolio? >> that is not an area we allocate. we do allocate across asset classes. we do prefer other areas of the private markets such as venture capital and private credit which ar
i don't think jay powell is in a rush to make any moves. they want to continue to trend in the right direction. so, the market can do well while the fed is on pause. i think we will see rate cuts happening this year. >> what's been working so far? is that mega cap tech trend broadening out? raeann, we are talking about the big names likes n nvidia. do you take profits or roll it over? >> we are taking profits after the run we have seen in the last year. we have seen that broadening...
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Apr 4, 2024
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fed chair jay powell says there's still room for rate cuts this year. stock futures pointing to gains. >>> disney prevailing in the proxy battle with nelson peltz. we will tell you what comes next for the media and entertainment giant. >>> apple reportedly working on a home robot that would follow you around the house. it's thursday, april 24th, 2024. "squawk box" begins right now. >>> good morning. welcome to "squawk box" here on cnbc. we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. everybody's here in the studio. >> good to see you. >> well rested. >> of course. >> happy. >> as joe mentioned, u.s. equity futures are higher. dow is up 130. nasdaq up 95. the s&p up 18. this comes after you were looking at the dow down for three days in a row. it was a mixed session for stocks yesterday. the dow was down 43 points. the third straight session of declines. the s&p was inching higher. up .10%. the nasdaq up .20%. treasury yields you did see higher yields across
fed chair jay powell says there's still room for rate cuts this year. stock futures pointing to gains. >>> disney prevailing in the proxy battle with nelson peltz. we will tell you what comes next for the media and entertainment giant. >>> apple reportedly working on a home robot that would follow you around the house. it's thursday, april 24th, 2024. "squawk box" begins right now. >>> good morning. welcome to "squawk box" here on cnbc. we are live...
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Apr 11, 2024
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. >>> flipping the script for the federal reserve for jay powell's first interest rate cut since the historic hiking cycle begam in. >>> and we are looking to see if the first quarter results are enough to keep digging into equities. >>> and later, not just the fed, but other central banks are is the set to release their decisions today. it's thursday, april 11th, 2024. you're watching "worldwide exchange" right here on cnbc. ♪ >>> good morning and welcome to "worldwide exchange." coming to you live from cnbc london. thank you for being with us. let's get you ready for the trading day after the hotter than expected cpi report. we kickoff the hour with the u.s. futures after the rough day for stocks. the dow closed down 1%. following that hotter than expected march inflation print. the dow would open up 100 points lower. 120 lower. taking a dip lower while i'm talking. s&p and nasdaq down .25%. it was worse for the small caps and transports coming off 2% losses. yesterday's headline cpi read may have been a shock, but more attention this morning on the super core number stripping ou
. >>> flipping the script for the federal reserve for jay powell's first interest rate cut since the historic hiking cycle begam in. >>> and we are looking to see if the first quarter results are enough to keep digging into equities. >>> and later, not just the fed, but other central banks are is the set to release their decisions today. it's thursday, april 11th, 2024. you're watching "worldwide exchange" right here on cnbc. ♪ >>> good morning...
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Apr 3, 2024
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the markets will be paying close attention to a speech by feds chair jay powell at stanford university later on this afternoon. joining me no break this down is the lead equity analyst at lansdowne. is there an expectation that the fed could, could be a little bit more on the fence about this than we thought previously? >> hi, there. good morning. funda fundamentally, yes, i do. i think this remains the biggest risk at the moment to evaluations as in march, things are moving in the right direction. we've heard a little bit of language loosen slightly around the optimism and the potential for cuts, but, frankly, the market's behaving in a way that is certain, and we're simply not there yet and i don't think that is going to change any time soon. >> if you feel that's the case, the markets should be acting to the you up side kind of like they've done the last couple of days. to we feel there's still a downside risk to the market based on what we saw in yesterday's session? >> i think there is potentially some, absolutely. i've said this before really. i think that actually the phase that
the markets will be paying close attention to a speech by feds chair jay powell at stanford university later on this afternoon. joining me no break this down is the lead equity analyst at lansdowne. is there an expectation that the fed could, could be a little bit more on the fence about this than we thought previously? >> hi, there. good morning. funda fundamentally, yes, i do. i think this remains the biggest risk at the moment to evaluations as in march, things are moving in the right...