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Mar 6, 2024
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we have testimony from jay powell. we have been unpacking that for you, two days of testimony kicks off today at 3:00 p.m. u.k. time. the bloomberg analysis is the expectation that powell will reiterate that patience around cuts. maybe he will remind investors and the market that the most likely next move is a cut rather than a hike. the resilience of the u.s. economy is something he is expected to articulate. jay powell with the testimony and potential market reaction to that, as of course, we came out of the gates at the front end of the year with expectations for as many as seven cuts, that has been pared back to three right now. job openings will build out the picture on the labor market in the united states. coming up, we will speak to the dhl group ceo to discuss the logistics company's earnings. some details around the shareholder buyback as well. this is bloomberg. ♪ ♪ tom: welcome back now. though u.k. chancellor is expected to cut two percentage points from the payroll tax national insurance in his spring
we have testimony from jay powell. we have been unpacking that for you, two days of testimony kicks off today at 3:00 p.m. u.k. time. the bloomberg analysis is the expectation that powell will reiterate that patience around cuts. maybe he will remind investors and the market that the most likely next move is a cut rather than a hike. the resilience of the u.s. economy is something he is expected to articulate. jay powell with the testimony and potential market reaction to that, as of course, we...
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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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market searching for direction ahead of federal reserve chairman jay powell second day two of testimony, dow industrial of 29, nasdaq up 75, the market extending yesterday's rally after fed chair jay powell told the house financial services committee rate cuts are coming this year. he'll testify once again in front of the senate banking committee right now. we will preview this morning, the house dodging a partial government shutdown after $460 billion funding bill, more stress on the banking sector as the new york community bancorp a new infusion of cash set to receive a billion-dollar investment, everything you need to know about the regionals and the impact on the broader market. european markets are lower, take a look at the eurozone a mixed story with the cat caught up six attacks and accept sexiness and p100 in london is lower by 17, the european central bank making the decision at 8:15 a.m. in asia overnight markets finish mostly lower, look at the asian embassies with the bright spot in korea, the others lowers lower across the board, biden delivers the third state of the union
market searching for direction ahead of federal reserve chairman jay powell second day two of testimony, dow industrial of 29, nasdaq up 75, the market extending yesterday's rally after fed chair jay powell told the house financial services committee rate cuts are coming this year. he'll testify once again in front of the senate banking committee right now. we will preview this morning, the house dodging a partial government shutdown after $460 billion funding bill, more stress on the banking...
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Mar 26, 2024
03/24
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what advice would you give jay powell? kenneth: i don't have a direct line to jay powell and i don't want to fix that. [laughter] but i do have a couple folks we get a chance to speak with and provide input. the fed come out of chicago, listens to us. i also had a chance to be on a panelt of the minneapolis fed and my advice was the same, we need stability at this point in time. we have not seen that of the cost running through the system, meaning, understanding, what does that mean to a small business when i have to pay a higher interest rate cost? my advice would be calm and steady i think will win the race here. i think the point has been made that rates will not move. but, now is the time to allow individuals to figure out how do we build that level of resilience across your balance sheets? so, if we run into more turbulence at some point in time you are of dealing with that. peter: any one else have advice or input for the fed? what's am in no position to give jay powell advice but i agree about calm and steady. we ar
what advice would you give jay powell? kenneth: i don't have a direct line to jay powell and i don't want to fix that. [laughter] but i do have a couple folks we get a chance to speak with and provide input. the fed come out of chicago, listens to us. i also had a chance to be on a panelt of the minneapolis fed and my advice was the same, we need stability at this point in time. we have not seen that of the cost running through the system, meaning, understanding, what does that mean to a small...
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Mar 8, 2024
03/24
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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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what do you want to focus on with jay powell this morning? >> jay powell comes back to the hill this week, facing two big issues. first, the avalanche and tore os spending has made the fed's job of controlling inflation much tougher. the fiscal stimulus, the avalanche of spending has made it tougher for the fed to get interest rates in the position to lower them. it's higher than the fed's target. households confronted 17% higher prices than they faced under donald trump. so number one, that's going to get a lot of questions, is he going to lower rates. the job against inflation, the biden infl inpl inflation is no. the second point is the biden regulatory policy, trying to push the fed to increase regulatory costs on banks at the moment when they're trying to struggle with those high interest rates that were necessary to fight biden's inflation and nonperforming assets increasing in the commercial real estate sector and other sectors. so i think jay powell will get a lot of questions about what i call pro-cyclical regulatory costs, meaning t
what do you want to focus on with jay powell this morning? >> jay powell comes back to the hill this week, facing two big issues. first, the avalanche and tore os spending has made the fed's job of controlling inflation much tougher. the fiscal stimulus, the avalanche of spending has made it tougher for the fed to get interest rates in the position to lower them. it's higher than the fed's target. households confronted 17% higher prices than they faced under donald trump. so number one,...
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Mar 8, 2024
03/24
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that's the message jay powell said in coppngress. we will not go back to where we were, but we are not goining to stay where we are. >> we would not call yesterday's testimony a pivot, would we? >> no, no. jay powell has been saying the same thing for a long time which is look to the horizon. rates will be lower at some time in the future. look to the next fed meeting. probably not. this is a consistent message. it is a good message for equity markets and it is a good message for companies and a good message for home buyers and people who are considering big ticket consumer durable purchases. rates may not be where you want them today, but they will be there tomorrow. if you want to buy that car, you can buy it or refinance it in a year or buy that house and refinance it in a year. more importantly, if you are a company, you want to build that new factory, start the project now knowing you can refinance it a year from now at a lower rate and that's an incentive to move now. that's an incentive to keep the economy going. for corporate
that's the message jay powell said in coppngress. we will not go back to where we were, but we are not goining to stay where we are. >> we would not call yesterday's testimony a pivot, would we? >> no, no. jay powell has been saying the same thing for a long time which is look to the horizon. rates will be lower at some time in the future. look to the next fed meeting. probably not. this is a consistent message. it is a good message for equity markets and it is a good message for...
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Mar 6, 2024
03/24
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jay powell again signaling rate cuts will happen this year. the fed chair suggesting significant changes to the capital plans fiercely opposed by wall street banks. haidi: struggling lender n.y.c. b. getting a vote of confidence. annabelle: china's top economic officials defend their ambitious target and hint at a liquidity boost to help get there. haidi: let's get you straight to the markets. a pretty reasonable set up in asia and we have a bit of downside as we get into the first part of the staggered trading session here in sydney, about .2% author straight into the middle of trade. we are expecting a rise across the region. interest rates will likely fall this year. there's been so much managing of excitation 10 -- excitations in terms of the timing and the extent of easing we can expect from the fed and we have seen some of that drastic repositioning within certain parts of the market as well. so we are watching the dollar that fell to a mom -- a one-month low after the soft u.s. jobs data and that congressional testimony from jay powell
jay powell again signaling rate cuts will happen this year. the fed chair suggesting significant changes to the capital plans fiercely opposed by wall street banks. haidi: struggling lender n.y.c. b. getting a vote of confidence. annabelle: china's top economic officials defend their ambitious target and hint at a liquidity boost to help get there. haidi: let's get you straight to the markets. a pretty reasonable set up in asia and we have a bit of downside as we get into the first part of the...
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Mar 6, 2024
03/24
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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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jay powell. no, this guy is the worst. so the notion he can pull this off, looks like everyone is starting to become a believer and it is not just main street, folks. take a look at this. these are professional newsletter writers. this is the bullishness. this is rocketing high. at a level typically associated with the market coming down. these are the experts. they get paid a lot of money on their newsletters. they're extremely bullish. retail sentiment investors, 51% bullish, that is extraordinarily high. i will say this, i know the wall street loves to the diss the retail investors they have been spot on last couple years more so than the pros. everyone on the same page. that kind of makes us a little bit nervous. i want to say one thing about the retail investor and i want you to pay attention to this. we always wonder where is the buying going to come from? three years ago, 3 trillion-dollars in margin this is how much money they borrow to buy more stock. the more they borrow at some point y
jay powell. no, this guy is the worst. so the notion he can pull this off, looks like everyone is starting to become a believer and it is not just main street, folks. take a look at this. these are professional newsletter writers. this is the bullishness. this is rocketing high. at a level typically associated with the market coming down. these are the experts. they get paid a lot of money on their newsletters. they're extremely bullish. retail sentiment investors, 51% bullish, that is...
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Mar 6, 2024
03/24
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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 6, 2024
03/24
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this is the conversation we will have with jay powell. the question is if his threshold has changed if the january cpi concerned him in the way it seems to be concerning the market. jonathan: at 10:00 a.m. eastern time, the services isn came out weaker than expected. the employment component come the appetizer for the payroll support, back into negative territory. lisa: 48 from 50.5. when you look at some of the business orders there is more positive signs. if the employment is weaker, this speaks to the suspicion that so many people have raised on this show that things are weaker than they seem. take a look at some of the other indicators. it is not that great. this may be give them some fuel. jonathan: so far february has not confirmed january going and payrolls friday. before payrolls friday we need to talk about super tuesday and reality check wednesday for nikki haley. annmarie: she is at this moment undecided and what she will do in the sense that her campaign seems very combative talking about unity that isn't there within the repu
this is the conversation we will have with jay powell. the question is if his threshold has changed if the january cpi concerned him in the way it seems to be concerning the market. jonathan: at 10:00 a.m. eastern time, the services isn came out weaker than expected. the employment component come the appetizer for the payroll support, back into negative territory. lisa: 48 from 50.5. when you look at some of the business orders there is more positive signs. if the employment is weaker, this...
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jay powell will testify before the senate banking committee. what was your take away from the financial services committee yesterday and what he said and how he actually said immigration was one of the reasons that the economy is growing. >> well, he's looking at things -- we're feeling he's looking a at things what holistically. that's more government spending. we espent $450 billion last yean processing and settlement of illegals. if that's added into the gdp numbers, that's not exactly product i've the. what i heard yesterday was largely a very sober interpretation of where things are. it was more holistic than chairman powell has been in the past. they agreed they were very slow in dealing with inflation, two years ago they were calling it transitory. now the most rapid increase of interest rates ever. that's where it is. powell said some very important things. bbasel three is going to have broad and material change as he stated. he also stated that spending was minimizing the level of inflationary growth and a they're going to be staying t
jay powell will testify before the senate banking committee. what was your take away from the financial services committee yesterday and what he said and how he actually said immigration was one of the reasons that the economy is growing. >> well, he's looking at things -- we're feeling he's looking a at things what holistically. that's more government spending. we espent $450 billion last yean processing and settlement of illegals. if that's added into the gdp numbers, that's not exactly...
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to announce she is stepping down and will exit the campaign, and if jay powell on the hill speaking to the financial services committee in the house. i want to thank my guests this morning, great show, you guys. >> thank you, maria. >> thank you. maria: great to see you all. we will see you soon. see you again tomorrow, same time, same place. stu, take it away. stuart: good morning, everyone. it has been a i tumultuous 24 hours in politic the
to announce she is stepping down and will exit the campaign, and if jay powell on the hill speaking to the financial services committee in the house. i want to thank my guests this morning, great show, you guys. >> thank you, maria. >> thank you. maria: great to see you all. we will see you soon. see you again tomorrow, same time, same place. stu, take it away. stuart: good morning, everyone. it has been a i tumultuous 24 hours in politic the
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Mar 20, 2024
03/24
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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
03/24
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jay powell understands that if he cuts interest rates it will stimulate the economy and it will create more inflation and i don't think chairman powell wants to go down in history as the federal reserve chairman who couldn't get control of inflation. larry: you know, senator kennedy, i think i'm going to keep my house, because, hold your breath, i agree with you on this point, [laughter]. i'm going to hang on to my house. >> good. larry: i think you're right too. i don't think jay powell is dumb enough to do that kind of thing. >> i bet you have a nice house, larry, nicer than mine i'm sure. larry: i don't know. we'll compare sometime, senator. you can be a house guest at our place anytime you want in rural connecticut. >> i heard your house is bigger than a costco, man. larry: [laughter]. senator john kennedy, we love having you on the show, senator, thanks so much. coming up here on "kudlow," why do democrats hate israel? we'll talk about it with mississippi senator roger wicker. and then why is inflation actually much worse than you think? a new study by larry summers. we've got ste
jay powell understands that if he cuts interest rates it will stimulate the economy and it will create more inflation and i don't think chairman powell wants to go down in history as the federal reserve chairman who couldn't get control of inflation. larry: you know, senator kennedy, i think i'm going to keep my house, because, hold your breath, i agree with you on this point, [laughter]. i'm going to hang on to my house. >> good. larry: i think you're right too. i don't think jay powell...
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Mar 15, 2024
03/24
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does jay powell really care about joe biden? well, powell's term as fed chair goes all the way to may of 2026. there's really nothing joe biden can do to him, because biden will be retiring in january of 2025 anyway. and jay powell has indicated that he won't seek a third term. and for all the cynical talk about how the fed somehow must bend to the political whims of the president and his little minions, i actually think powell is immune from that kind of thinking. anyway, why should the fed get tangled up in election year politics? especially because the actual ed on inflation does not point to lower fed interest rates. that's the important part. now, surely the year on year inflation has dropped from 9% to somewhere between3 and 4%. but even with that, the actual level of consumer prices is up over 18% during biden's term, and that's driving typical families crazy. measured there from february of 2021, groceries up 21%, gasoline up 30%, cars up 20%, airline and transportation services up 34%, and those are just a couple of cat
does jay powell really care about joe biden? well, powell's term as fed chair goes all the way to may of 2026. there's really nothing joe biden can do to him, because biden will be retiring in january of 2025 anyway. and jay powell has indicated that he won't seek a third term. and for all the cynical talk about how the fed somehow must bend to the political whims of the president and his little minions, i actually think powell is immune from that kind of thinking. anyway, why should the fed...
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Mar 18, 2024
03/24
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where fed chair jay powell has been reluctant to make a call on how the u.s. economy has changed since the pandemic. the feds economic projections for the long haul have hardly changed since 2019 and investors are growing frustrated over policymakers lack of conviction. furthermore, let's bring in our guest for some analysis from the big take and we know that there are risks to calling out any sort of changes or new futures in the u.s. economy, not least politically in the election year, but is that what is holding jay powell back at this point in time? >> it is interesting because i think what you are seeing here is a disconnect with what a lot of companies and investors are experiencing on the ground where they are saying this labor market resilience, this tightness they are experiencing seems like they are kind of settling in for the long haul and they are seeing that change in the overall economic picture. we really have not gotten that really robust forecast update from the fed in quite a while. at this point, traders are pricing in something like 3.5% lo
where fed chair jay powell has been reluctant to make a call on how the u.s. economy has changed since the pandemic. the feds economic projections for the long haul have hardly changed since 2019 and investors are growing frustrated over policymakers lack of conviction. furthermore, let's bring in our guest for some analysis from the big take and we know that there are risks to calling out any sort of changes or new futures in the u.s. economy, not least politically in the election year, but is...
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Mar 20, 2024
03/24
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eastern and hear directly from jay powell at 2:30 on the path forward. we'll see if he's a little more hawkish than usual. i think that's what came out today. you agree with that? >> there's no reason to lower now, that's for sure. expectations have been ratcheted back. maria: thomas, great of to have you, come back soon is. have a great day, everybody. "varney & company" pick it up. stu, take it away. stuart: good morning, everyone. try to find the news on the border these days, and you'll get whiplash. late tuesday the supreme court said it's okay for authorities in texas to arrest illegal migrants. just a couple of hours later a
eastern and hear directly from jay powell at 2:30 on the path forward. we'll see if he's a little more hawkish than usual. i think that's what came out today. you agree with that? >> there's no reason to lower now, that's for sure. expectations have been ratcheted back. maria: thomas, great of to have you, come back soon is. have a great day, everybody. "varney & company" pick it up. stu, take it away. stuart: good morning, everyone. try to find the news on the border these...
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so what do you think we'll hear from jay powell on this week, wednesday and thursday? >> well, certainly the fed speak really in the last several weeks has been around the concept of continuing caution while they they see a lot of progress has been made, they don't want to act prematurely and i think looking at the rising inflation we've had really since mid-2022, again, they're really wanting to make sure they can counter act that by ensuring that the data is coming in sufficiently supportive of their case to really be able to begin to move to a pivot and so we expect chair powell to continue that messaging here as he testifies before both the house and the senate, really in terms of just continuing to emphasize the data dependence and need for continuing evidence before really moving further. maria: mark ten r, jump in -- mark tepper, jump in here. >> i expect jay powell to double down on the rhetoric of the fed being in no rush to cut rates any time soon. when you look at what's happening and go back throughout history around the globe, whenever there's a high infli
so what do you think we'll hear from jay powell on this week, wednesday and thursday? >> well, certainly the fed speak really in the last several weeks has been around the concept of continuing caution while they they see a lot of progress has been made, they don't want to act prematurely and i think looking at the rising inflation we've had really since mid-2022, again, they're really wanting to make sure they can counter act that by ensuring that the data is coming in sufficiently...
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Mar 7, 2024
03/24
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the state of the union address as we have made note of as well as jay powell testifies. more speakers with loretta mester set to speak. don't miss the ecb decision and the conference from the governor christine lagarde at 2:00 p.m. cet. i'm arabile gumede. thank you for joining us on "street signs." "worldwide exchange" is up next. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. hi, i'm ben and i've lost 60 pounds on golo. (guitar music) i've struggled with weight my whole life. i'm sure you're like me and you've tried diet after diet. if you want to stop the insanity, t
the state of the union address as we have made note of as well as jay powell testifies. more speakers with loretta mester set to speak. don't miss the ecb decision and the conference from the governor christine lagarde at 2:00 p.m. cet. i'm arabile gumede. thank you for joining us on "street signs." "worldwide exchange" is up next. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we...
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markets are on the move ahead of a major week of retail earnings and jay powell's testimony on capitol hill. we'll talk with the word on wall street panelists coming up with their expectations, what will jay powell say about lower interest rates? you're watching "mornings with maria" live on fox business. ♪ in a rocky mountain setting spanning over 280,000 acres. three forks ranch is the destination for luxury and adventure. enjoy fly fishing and america's finest trout stream. kick back for intimate performances from the best in country music. enhance your wellness and longevity through our mayo clinic programs, or plan your meeting for a memorable corporate retreat. discover the west kept secret. go to three forks ranch.com to book your luxury experience. get help reaching your goals with j.p. morgan wealth plan, a digital money coach in the chase mobile® app. use it to set and track your goals, big and small... and see how changes you make today... could help put them within reach. from your first big move to retiring poolside - and the other goals along the way. wealth plan can h
markets are on the move ahead of a major week of retail earnings and jay powell's testimony on capitol hill. we'll talk with the word on wall street panelists coming up with their expectations, what will jay powell say about lower interest rates? you're watching "mornings with maria" live on fox business. ♪ in a rocky mountain setting spanning over 280,000 acres. three forks ranch is the destination for luxury and adventure. enjoy fly fishing and america's finest trout stream. kick...
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Mar 20, 2024
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eastern and hear directly from jay powell at 2:30 on the path forward. we'll see if he's a little more hawkish than usual. i think that's what came out today. you agree with that? >> there's no reason to lower now, that's for sure. expectations have been ratcheted back. maria: thomas, great of to have you, come back soon is. have a great day, everybody. "varney & company" pick it up. stu, take it away. stuart: good morning, everyone. try to find the news on the border these days, and you'll get whiplash. late tuesday the supreme court said it's okay for authorities in texas to arrest illegal migrants. just a couple of hours later an appeals court in new orleans says, hold on, we're pointing to hear an appeal to the texas law so it's on hold while we deliberate. biden says republicans are blocking real border solutions. that's strange when with texas is the only place that has actually cut the illegal flow. more politics. trump's candidate won the ohio gop primary. he solidifies his grip on the are republican party. biden won all the democrat primaries, b
eastern and hear directly from jay powell at 2:30 on the path forward. we'll see if he's a little more hawkish than usual. i think that's what came out today. you agree with that? >> there's no reason to lower now, that's for sure. expectations have been ratcheted back. maria: thomas, great of to have you, come back soon is. have a great day, everybody. "varney & company" pick it up. stu, take it away. stuart: good morning, everyone. try to find the news on the border these...
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Mar 7, 2024
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jay powell indicating they are looking to cut rates. not quite just yet but the path is pretty much the same when we thought we were on already. haidi: maybe not so palpable as any sense of relief when it comes to investors looking at china. we have seen policymakers across the board kind of hitting back, defending that around 5% gdp target, saying it is attainable and there is room for further cut rrr and the other thing of course we are watching is japan, this kind of rapid positioning for lift off from the boj and those wage numbers were not too bad. annabelle: certainly, actually pretty much stronger than what had been expected because we saw cash earnings rising to percent and that was a lot more than what the survey had been for a gain of 1.2% but this is the start of trading here we have got with the broader index or the nikkei 225 that is back above the 40,000 marked them. we have been fractionally below that over the course of the week but certainly, the stock moves we are seeing here echoing the u.s. session overnight as we di
jay powell indicating they are looking to cut rates. not quite just yet but the path is pretty much the same when we thought we were on already. haidi: maybe not so palpable as any sense of relief when it comes to investors looking at china. we have seen policymakers across the board kind of hitting back, defending that around 5% gdp target, saying it is attainable and there is room for further cut rrr and the other thing of course we are watching is japan, this kind of rapid positioning for...
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Mar 20, 2024
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eastern with fed chair jay powell set to speak at 2:30 p.m. and rates are expected to remain on hold the fomc will release a new dot plot and projections. still expecting three cuts this year with a dovish chair powell despite a string of hotter than expected inflation prints since the last meeting. if you been missing the coverage over the last week on the dot plot, it will on the -- it will only take two officials of the federal reserve to come up and that will change the median. from three to 2. is that a big deal given the direction of travel over the last few months? lisa: we are talking about eight of 19 fed officials. this is how closely people are scrutinizing this. they have two rate cuts priced in rather than three. if two more join that, then you have a baseline. i'm interested in the longer run and how they telegraphed a longer-term inflation expectation of longer-term rate expectations for next year in the year after. do they expect neutral not getting higher but not being able to cut is much longer-term? jonathan: do you think th
eastern with fed chair jay powell set to speak at 2:30 p.m. and rates are expected to remain on hold the fomc will release a new dot plot and projections. still expecting three cuts this year with a dovish chair powell despite a string of hotter than expected inflation prints since the last meeting. if you been missing the coverage over the last week on the dot plot, it will on the -- it will only take two officials of the federal reserve to come up and that will change the median. from three...
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all eyes are on jay powell and the fed. he won't have a rush to cut rates. >> real quick, final word. >> jetblue termination is because of the government stepping in. they are doing it too much and it's antibusiness. >> they don't want to see companies get bigger. thank you everybody. see you same place. varney and company picks it up. >> what a week
all eyes are on jay powell and the fed. he won't have a rush to cut rates. >> real quick, final word. >> jetblue termination is because of the government stepping in. they are doing it too much and it's antibusiness. >> they don't want to see companies get bigger. thank you everybody. see you same place. varney and company picks it up. >> what a week
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Mar 21, 2024
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jay powell keeping rates unchange signaling rate cuts on the bored, we have reaction, do not credit the fed for inflation's decline we're on that you are watching "mornings with maria" live on fox business, stay with us. . ♪ ♪ . ♪ ♪ next. next. stop. we got it? no. keep going. aga... [ sigh ] next. next. if you don't pick one... oh, you have time. am i keeping you from your job. next. i don't even know where i am anymore. stop. do we finally have it? let's go back to the beginning. are you... your electric future. customized. the fully-electric audi q4 e-tron. ♪ ♪ (♪) is bad debt holding you back? ♪ the only limit is the sky ♪ ♪ it's our time ♪ ♪ you don't want to miss it (just a little bit louder) ♪ ♪ it's our time ♪ ♪ you don't want to miss it ♪ ♪ it's your moment in the spotlight ♪ all your ambitions. all in one app. low fixed rates. borrow up to $100k. no fees required. sofi. get your money right®. why choose a sleep number smart bed? can it keep me warm when i'm cold? wait. no i'm always hot. sleep number does that. now, save up to $1,000 when
jay powell keeping rates unchange signaling rate cuts on the bored, we have reaction, do not credit the fed for inflation's decline we're on that you are watching "mornings with maria" live on fox business, stay with us. . ♪ ♪ . ♪ ♪ next. next. stop. we got it? no. keep going. aga... [ sigh ] next. next. if you don't pick one... oh, you have time. am i keeping you from your job. next. i don't even know where i am anymore. stop. do we finally have it? let's go back to the...
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Mar 7, 2024
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jay powell saying we will make a lot of changes to this after a lot of lobbying. jonathan: day one was in front of the house financial services committee. date two was in front of the senate committee. the senator from massachusetts, elizabeth warren, i imagine elizabeth warren has follow-up questions about yesterday. lisa: i imagine she will not be particularly happy when people are looking for the potential of too big to fail. jp morgan surging when we still see this turmoil in community bank ongoing. has it become unduly punitive for these banks and how you create a scenario where there is not a gravitational force every which way at a time the smaller banks are facing a host of headwinds different from the big ones. jonathan: all-time high for jp morgan monday. record tuesday, record wednesday. nycb. new york community bank come at the lows down 47%. at the high we were up 37%. we were facing existential risk. we have a new ceo. this time we have received an equity investment from former treasury secretary steve mnuchin. lisa: this is amazing. the fluctuations
jay powell saying we will make a lot of changes to this after a lot of lobbying. jonathan: day one was in front of the house financial services committee. date two was in front of the senate committee. the senator from massachusetts, elizabeth warren, i imagine elizabeth warren has follow-up questions about yesterday. lisa: i imagine she will not be particularly happy when people are looking for the potential of too big to fail. jp morgan surging when we still see this turmoil in community bank...
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senator markwayne mullin joining us a break markets on move ahead of jay powell's two-day testimony before house financial services committee and senate banking committee kicks off tomorrow, pete najarian is here with his thoughts on the humphrey-hawkins testimony you are watching "mornings with maria" live on fox business. . . before you use ai to transform business, accelerate growth, predict trends, you need to begin with trust. introducing watsonx governance. helping you govern any ai, as data, models, and policies change, so you can scale it responsibly. let's create ai that begins with trust, with watsonx governance. ibm. let's create. when i was your age, we never had anything like this. what? wifi? wifi that works all over the house, even the basement. the basement. so i can finally throw that party... and invite shannon barnes. dream do come true. xfinity gives you reliable wifi with wall-to-wall coverage on all your devices, even when everyone is online. maybe we'll even get married one day. i wonder what i will be doing? probably still living here with mom and dad. fast reliable
senator markwayne mullin joining us a break markets on move ahead of jay powell's two-day testimony before house financial services committee and senate banking committee kicks off tomorrow, pete najarian is here with his thoughts on the humphrey-hawkins testimony you are watching "mornings with maria" live on fox business. . . before you use ai to transform business, accelerate growth, predict trends, you need to begin with trust. introducing watsonx governance. helping you govern...
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Mar 18, 2024
03/24
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if jay powell says this is absolutely going to move the opposite direction and keep us higher for longer. stocks are going to take a hit. they just aren't necessarily going to execute that right now. i thought that was perfect. >> equities on the s&p. positive by 0.8% on the s&p 500. in the bond market yields just aggressively high through last week. still 430 on the 10 year. coming up this hour, monica descends on where she thinks stocks have to run. isaac bolt and ski on tariffs for chinese ev's. in the former fed economist claudia looking ahead to wednesdays bankrate -- fed rate decision. the stock market hitting ahead of the decision. monica saying we need to acknowledge the strong start to the year with the s&p 500 not only a few percent away from the 2024 price target but also arguing for more selectivity and being thoughtful if you're still sitting on too much cash. we believe stocks will make new highs. monica joins us in new york. good morning to you. new highs in this equity market. talk to me about how you put cash to work? monica: the challenge has been certainty. the fed is
if jay powell says this is absolutely going to move the opposite direction and keep us higher for longer. stocks are going to take a hit. they just aren't necessarily going to execute that right now. i thought that was perfect. >> equities on the s&p. positive by 0.8% on the s&p 500. in the bond market yields just aggressively high through last week. still 430 on the 10 year. coming up this hour, monica descends on where she thinks stocks have to run. isaac bolt and ski on tariffs...
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Mar 7, 2024
03/24
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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 4, 2024
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annmarie: we will get jay powell in front of the house, super tuesday tomorrow. not so super tuesday. it is all but done. the biggest will be the state of the union. in terms of bidens performance, poll after poll says he is losing voters in terms of how they feel about him, the one seagate in 2020. for me it is less what he says but how he says it. the washington post says keep the state of the union shorter. jonathan: unemployment at 4% for more than two years based on the data friday and somehow he cannot connect with the electorate. somehow the electorate thinks the economy is doing poorly. lisa: this electorate has a lot of issues. you cannot speak of the electorate as a monolith. you have people grappling with prices much higher than a couple years ago. you talk about the buildup, the residual kinds of inflation. there are social issues. there is a feeling of which political party you belong to. there's a feeling of which media you are tucked into. these are things you are real. jonathan: if you are hooked into bloomberg we can talk about all-time highs wit
annmarie: we will get jay powell in front of the house, super tuesday tomorrow. not so super tuesday. it is all but done. the biggest will be the state of the union. in terms of bidens performance, poll after poll says he is losing voters in terms of how they feel about him, the one seagate in 2020. for me it is less what he says but how he says it. the washington post says keep the state of the union shorter. jonathan: unemployment at 4% for more than two years based on the data friday and...
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thank you for being here what are your expectations for jay powell this morning. >> i think he will come out a little bit more hawkish than he did in his last testimony he talked about three rate cuts in 2024 and i'm old enough to remember when we were at six or seven rate cuts for 2024 which was a few months ago but now were looking at rate cuts and originally going to start marching moved to june, it's likely there could be a one and done and no rate cuts because of inflation, the last 1% to get to target is going to be very tough and there is a risk that inflation could really accelerate. we may not see rate cuts for some time and i think he will allude to that that they will be very cautious in the first cut and rates. maria: was that the issue for markets yesterday it was a broad-based selloff now industrials down better than 400 points and aspect into it at 67, dragged down by three tech stocks which are getting hammered apple down after report revealed the iphone sales in china plunged 24% for six weeks of the year tesla was down and also with china the shutdown of the berlin fact
thank you for being here what are your expectations for jay powell this morning. >> i think he will come out a little bit more hawkish than he did in his last testimony he talked about three rate cuts in 2024 and i'm old enough to remember when we were at six or seven rate cuts for 2024 which was a few months ago but now were looking at rate cuts and originally going to start marching moved to june, it's likely there could be a one and done and no rate cuts because of inflation, the last...
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more likely, it's connected to comments from jay powell. he says he will scale back on rates later this year, but he's not saying exactly when. there's maybe some dip buying as a well. dow's up 200. this is premarket. s&p, 31. and the nasdaq, nice gain, 166. plenty of green this morning. lots of red yesterday. interest rates continue to drift lower. look at that, the yield on the 10-year treasury is 4.12, and the yield on the 2-year is just above 4.5%, 4.53 right now. bitcoin molding on to its gapes -- holding on to the its gains, 66 and change for bitcoin right now. the record high is $69,202. there you go. maybe we'll get there soon. gold close to its all-time high, it is well over $2100 an ounce, 2146 to be precise is. gas keeps on creeping up ever so gradually. $3.38 for regular now, up 2 cents overnight. diesel, to change, $4.05. >>> on the show today, elon musk visits donald trump. the speculation is that trump needs cash quickly to pay his $3 55 fine plus interest. the president looked shaky. he asked permission to stay at a his own
more likely, it's connected to comments from jay powell. he says he will scale back on rates later this year, but he's not saying exactly when. there's maybe some dip buying as a well. dow's up 200. this is premarket. s&p, 31. and the nasdaq, nice gain, 166. plenty of green this morning. lots of red yesterday. interest rates continue to drift lower. look at that, the yield on the 10-year treasury is 4.12, and the yield on the 2-year is just above 4.5%, 4.53 right now. bitcoin molding on to...
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it is money of jay powell's business how many doritos are in a bag of chips. it is none of joe biden's business what uber and lyft charge at 5:00 versus 6:00. you know who cares? the consumer paying it. you know who cares in the producer either getting it or not getting it. westernty's shouldn't say they were horsing around, they should say we were trying economic calculation. sometimes you get things right, sometimes you get things wrong. is ask the new coke in the 1980s. you try things. if they don't work, you move on to the something different. the state intervening hurts the process of consumers and producers working together. charles: so i thought about you last night because now there's a proposal to take the pax tax -- tax buybacks, right now it's 1%, make it 4%. corporations reward share holders through buybacks and dividends. if biden were to get reelected and we had a 4% buyback tax, could that bolster to pay out some dividends? >> it would. and i want to be very clear that i don't want hem to do it just because it would help my book and the way we g
it is money of jay powell's business how many doritos are in a bag of chips. it is none of joe biden's business what uber and lyft charge at 5:00 versus 6:00. you know who cares? the consumer paying it. you know who cares in the producer either getting it or not getting it. westernty's shouldn't say they were horsing around, they should say we were trying economic calculation. sometimes you get things right, sometimes you get things wrong. is ask the new coke in the 1980s. you try things. if...
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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 20, 2024
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the star of the show, fed chair jay powell plays himself. the great thing about these powell performances they're like war schalk tests you can read anything into them you want. wall street spends untold sums hiring analysts to interpret mr. powell. investors are baffled by all of this commentary. after today's performance stocks went up 400 points or so so somebody's happy out there. now are they happen because the fed leaned against the win and suggested no easier money? that mr. powell is going to hold the line with his 2% inflation target? or that the fed is not going to start slashing rates in order to juice the economy, to reelect joe biden? i don't know what the reason is. others might say the fed economic projections still show three interest rate cuts this year, even though these economic projections are nearly always wrong. i think the best thing powell said he will keep his 2% inflation target and not raise it to 3% and in fact the fed's not there yet. here's some price level indicators that we all should keep an eye on including
the star of the show, fed chair jay powell plays himself. the great thing about these powell performances they're like war schalk tests you can read anything into them you want. wall street spends untold sums hiring analysts to interpret mr. powell. investors are baffled by all of this commentary. after today's performance stocks went up 400 points or so so somebody's happy out there. now are they happen because the fed leaned against the win and suggested no easier money? that mr. powell is...
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Mar 7, 2024
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one of the things that fed chair jay powell told congress over the last couple of days, specifically today, is that the u.s. is fairing better than just about every other advanced economy in the world out there. and one of those is china, which is the second biggest economy in the world. there's no doubt, if you look at the data, they can sugar coat it all they want, but china is nowhere near as good as the u.s. you've been critical of china. do you think that chinese story has played out enough to the downside versus what we're seeing here in the u.s.? >> yeah, i don't think so. i think investing in communism long-term has never worked. let's just go back and look at msci china's index. in the last 30 years, if you invested in the china index, you're at break even. you haven't made a penny. think about that. in the last 15 years, china's economy has grown, reportedly, 500% gdp, and if you invested in the shanghai index 15 years ago, you've lost a third of your money. imagine investing in an economy that's grown 500% and losing a third of your money. i mean, it doesn't matter if it's
one of the things that fed chair jay powell told congress over the last couple of days, specifically today, is that the u.s. is fairing better than just about every other advanced economy in the world out there. and one of those is china, which is the second biggest economy in the world. there's no doubt, if you look at the data, they can sugar coat it all they want, but china is nowhere near as good as the u.s. you've been critical of china. do you think that chinese story has played out...
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Mar 3, 2024
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investors are awaiting jay powell's report to congress for dates on the fed rate outlook. haidi: ahead opec-plus extending its supply cutbacks until midyear amid soaring production from rivals and uncertainty over chinese demand. stephen: in beijing, one of china's most important gatherings of the year is about to begin with leaders set to unveil their targets and strategies, perhaps policies, for road -- reviving the economy. annabelle: kicking of the week with breaking data out of korea this morning. we have industrial output numbers dropping but coming in better than expected over the course of january. output of more than 12% or 13% on the year passing estimate were 10%. also industrial output is falling, still and a contraction down 1.3%. the estimate had been .9%. the headline reading, the year on your number is certainly a lot better than what had been predicted by economists. it could be down to the drive for strong external demand for chips, for automobiles. one of the concerns with that is when you have a narrow cap, that small group of industries posing a risk t
investors are awaiting jay powell's report to congress for dates on the fed rate outlook. haidi: ahead opec-plus extending its supply cutbacks until midyear amid soaring production from rivals and uncertainty over chinese demand. stephen: in beijing, one of china's most important gatherings of the year is about to begin with leaders set to unveil their targets and strategies, perhaps policies, for road -- reviving the economy. annabelle: kicking of the week with breaking data out of korea this...
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Mar 18, 2024
03/24
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powell famously looks at core services, throwing out commodities and goods and housing, that is his definition of inflation signal that is only looking at 35% of the basket. i am looking at twice that stripping out the stuff the lagy stuff trying to improve signal to noise ratio in measurement of inflation the important part. maria: things americans care about, are faced with everyday price of food go to the grocery store sticker shock the price of you know -- >> also exactly things the confessed can't do anything about, what is it that you think the fed can do to lower gasoline prices cause a depression, 20% interest rate that would be get a serve up consumers we are worried about. maria: i understand what you are saying so you are expecting the fed to cut rates beginning when don? >> so at this point i am kind of where market is at i think probably july. but, you know, i don't think any kind of inflation plrj i don't think fed sm raise rates but i will tell you for sure, every fed spokesman constantly saying how tight the fed policy is this isn't dots, there is a longer term that
powell famously looks at core services, throwing out commodities and goods and housing, that is his definition of inflation signal that is only looking at 35% of the basket. i am looking at twice that stripping out the stuff the lagy stuff trying to improve signal to noise ratio in measurement of inflation the important part. maria: things americans care about, are faced with everyday price of food go to the grocery store sticker shock the price of you know -- >> also exactly things the...
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Mar 14, 2024
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annmarie: jay powell continue says at some point this year we will be cutting. does that change to later this year? does the timeline just get pushed back? jay: i think it does. the inflation rate is trending lower. it is not coming down as much as people would like it to be but what is happening is the inflation rate continues to come down in the fed remaining on hold, the real fed funds rate is passively going higher and that is acting as a passive tightening on the overall economy. in some sense they need to be cutting rates. maybe not in may or june or july, but they need to be cutting rates later this year or you will have a passive tightening of monetary policy which could potentially slow things a lot more than people are expecting now. jonathan: appreciate your views this morning. jay bryson of wells fargo. it is part of the job if you're in that seat. you have to make a call on when the fed will cut. june feels meaningless to me. the correct answer has been later. much later than you thought. it was march and then it was may and then it was june. if you
annmarie: jay powell continue says at some point this year we will be cutting. does that change to later this year? does the timeline just get pushed back? jay: i think it does. the inflation rate is trending lower. it is not coming down as much as people would like it to be but what is happening is the inflation rate continues to come down in the fed remaining on hold, the real fed funds rate is passively going higher and that is acting as a passive tightening on the overall economy. in some...
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Mar 4, 2024
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. >> now fed chair jay powell will give the view from the top this week after congressional testimony on mondayetary policy kicking on wednesday. >>> let's how things are going this morning after the friday session which was the second session for the stoxx 600 moving higher. we are finding gains, but they are marginal. it is about how that will last throughout the day and find impetus throughout the rest of the day as well. the tech counters have been pushing things along out of the united states. so is the ppi and cpi as we move to the questions of inflation and rates in europe and the jobs data out of the united states with the nfp and adp and jolts moving the needle across the week. for now, you are seeing marginal gains for the european markets. here is how things are faring overall for the european market picture. we are seeing mixed trading as i have been noting at .25% weaker for the ftse 100 from the uk. just last week, actually, that gained .23%. that was the second positive session on the week. on the week, closing down .30%. that was out of step with the rest of the market
. >> now fed chair jay powell will give the view from the top this week after congressional testimony on mondayetary policy kicking on wednesday. >>> let's how things are going this morning after the friday session which was the second session for the stoxx 600 moving higher. we are finding gains, but they are marginal. it is about how that will last throughout the day and find impetus throughout the rest of the day as well. the tech counters have been pushing things along out of...
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charles: before i let you go, jay powell confident about a soft landing although we know there will not be six rate cuts. is this a good thing? i know you talked about in december these rate cuts being good for small caps so on that notion, small caps are making a stealth rally, should you wait for the cuts to happen or should we start nibbling there? >> small caps are totally tied to the economy. so your bet has to be the fed is going to cut rates and we're not going to have a significant slow down in the economy, right? small cap, mid-cap stocks are very sensitive to changes in economic demand. so the hope here is, that you know, for the russell 2000 to continue that rally, that, you have to have fairly strong economic growth continue. if you do, that really doesn't auger for a lot of rate cuts for the fed because of the inflationary pressure. i think this will be a real balancing act for the fed and i would be a little bit cautious. i wouldn't overweight small cap here. it is okay to be in it. i wouldn't overweight it here because of that risk. charles: i got you. lance, good stuff a
charles: before i let you go, jay powell confident about a soft landing although we know there will not be six rate cuts. is this a good thing? i know you talked about in december these rate cuts being good for small caps so on that notion, small caps are making a stealth rally, should you wait for the cuts to happen or should we start nibbling there? >> small caps are totally tied to the economy. so your bet has to be the fed is going to cut rates and we're not going to have a...
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Mar 7, 2024
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haidi: a little optimism despite renewed focus on fed speak from fed chair jay powell. the outlook when it comes to some of these five flyers in the market as well. technology, a little question over how big the valuations can really continue going to improve from here. this is s&p futures. there's a little weakness there after the rally in the previous session. about .1% lower for the s&p rate. nasdaq futures off .3%. there are broadly positive signs from central banks. perhaps unsurprisingly we are seeing a bit of caution ahead of key jobs data. another data point in their journey to identifying a more certain path forward for the fed. crude in particular as well in this session, we saw a rally in oil continuing to pick up pace. a segment of the keystone pipeline shutting down. paul: two major central banks delivering fresh signals interest rate cuts are on the way. fed chair jerome powell telling the u.s. senate banking committee that policymakers are getting closer to the confidence they need to start easing. >> we are in the right place. we are waiting to become mo
haidi: a little optimism despite renewed focus on fed speak from fed chair jay powell. the outlook when it comes to some of these five flyers in the market as well. technology, a little question over how big the valuations can really continue going to improve from here. this is s&p futures. there's a little weakness there after the rally in the previous session. about .1% lower for the s&p rate. nasdaq futures off .3%. there are broadly positive signs from central banks. perhaps...
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Mar 21, 2024
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jay powell & co. sticking to three cuts for the year despite a string of hotter than expected inflation prince. some all caps posting with gold running about 2200 for the first time ever. chris, let's get to it. gold, what is that break off in gold all about going through 2200 for the first time ever? >> when you look back at the sequence of events the last several weeks let's first go back to january february where you had the decisive move in gold through 2100 and we found really notable these last two weeks as bond yields pushback higher and they go from four to about 435. gold did not flinch. it was a very orderly pause, the title is gold new. gold knew we would be getting a dovish fed yesterday. i think certainly the response speaks to that here. i think the backdrop remains polish in metals, bullish and materials and we see that with the expansion of new highs in things like copper, the material stocks. etc.. >> watch what they do and not what they say. when you look at what they are doing. is t
jay powell & co. sticking to three cuts for the year despite a string of hotter than expected inflation prince. some all caps posting with gold running about 2200 for the first time ever. chris, let's get to it. gold, what is that break off in gold all about going through 2200 for the first time ever? >> when you look back at the sequence of events the last several weeks let's first go back to january february where you had the decisive move in gold through 2100 and we found really...
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Mar 8, 2024
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averill: we have dovish signals from the ecb and from jay powell but on the boj, the message seems to be different. policymakers and the wage growth data we got in the week causing traders to brace for a move from the japanese central bank in two weeks. we see the yen gaining to at least a strongest level since the start of february. if you are wondering where we go from there on the yen, traders seem to think that they are on the downside. one month risk reversals, that rate showing us that. let's flip the board and take a look because there are implications on this yen rally. that is putting pressure on japanese stocks. nikkei raising gains of 1% from early on in the session. if you look at one of the gauges, the nikkei is the most sensitive to the yen move since 2022. flip the board again, i want to take you to what we see in the rest of asia as we talk about them clearing the uncertainties for markets, boosted risk appetite. msci hitting the highest level since 2022, the chipmakers surging to a record high ahead of february sales data. keeping a close watch on china amid the bond
averill: we have dovish signals from the ecb and from jay powell but on the boj, the message seems to be different. policymakers and the wage growth data we got in the week causing traders to brace for a move from the japanese central bank in two weeks. we see the yen gaining to at least a strongest level since the start of february. if you are wondering where we go from there on the yen, traders seem to think that they are on the downside. one month risk reversals, that rate showing us that....
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Mar 12, 2024
03/24
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charles: of course coming into all of this, jay powell vowed he would not be arthur burns. he would be volcker 2.0. if he cuts too early, and mess this is up, forget it. one thing you've been emphasizing, you say, hey, forget about these overweight bets on themes. instead focus, drill down on value. one name you like is deere. you say it is best in class. you like it because of the cycle we're in and also strong fundamentals. tell us more. >> this is a really cyclical company and we're entering a low point in that cycle and if you extract the graph back on deere even further you will see it tends to outperform the s&p 500 over long periods of time. we like the low point of the cycle. we like the bad sentiment around deere today for an entry point into a name we believe is kind of entering that next leg. what i mean by that next leg, they have done really interesting work. the management team are visionaries and when you think about even the application of robotics they have ready and available for weed killing, and look at the investment they made into starlink, that change
charles: of course coming into all of this, jay powell vowed he would not be arthur burns. he would be volcker 2.0. if he cuts too early, and mess this is up, forget it. one thing you've been emphasizing, you say, hey, forget about these overweight bets on themes. instead focus, drill down on value. one name you like is deere. you say it is best in class. you like it because of the cycle we're in and also strong fundamentals. tell us more. >> this is a really cyclical company and we're...
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Mar 21, 2024
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markets higher across the board after jay powell said to expect three rate cuts this year and three more over the next two years all three major nbc closed in record territory since the first time since november 2021, what a performance with the dow industrial 401 and the nasdaq 202 at the close yesterday. everything investors are watching. initial jobless claims in the philadelphia fed and ducks at 8:30 a.m. eastern. european markets are mixed, the eurozone factually higher. the bank of england making this decision we will have that news. in asia overnight markets finished higher with the exception of the shanghai composite, the cosby in korea to win 3%. the biden family influence peddling catching up as a former business associate of hunter biden testifies on capitol hill giving a list of crimes that he said they are guilty of this as house democrats sweep the growing evidence under the rug, james comer and vice president biden to testify on the foreign influence peddling as the impeachment investigation is now heating up. strategic wealth partner mark tepper, gop strategist and cyber
markets higher across the board after jay powell said to expect three rate cuts this year and three more over the next two years all three major nbc closed in record territory since the first time since november 2021, what a performance with the dow industrial 401 and the nasdaq 202 at the close yesterday. everything investors are watching. initial jobless claims in the philadelphia fed and ducks at 8:30 a.m. eastern. european markets are mixed, the eurozone factually higher. the bank of...
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Mar 20, 2024
03/24
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we expect jay powell to speak at 2:30 p.m. eastern. one portfolio manager said traders are expecting high rates but the real economies does not. jim juror jordan is here at 8:. eastern. don't miss that. you're watching "mornings with maria" live on fox business. ♪ everyone say, “space pod.” cheese. [door creaks open] [ominous music] (♪) [ding] meanwhile, at a vrbo... when other vacation rentals are just for likes, try one you'll actually like. before you use ai to transform business, accelerate growth, predict trends, you need to begin with trust. introducing watsonx governance. helping you govern any ai, as data, models, and policies change, so you can scale it responsibly. let's create ai that begins with trust, with watsonx governance. ibm. let's create. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire maria: welcome back. time for the word on wall stre
we expect jay powell to speak at 2:30 p.m. eastern. one portfolio manager said traders are expecting high rates but the real economies does not. jim juror jordan is here at 8:. eastern. don't miss that. you're watching "mornings with maria" live on fox business. ♪ everyone say, “space pod.” cheese. [door creaks open] [ominous music] (♪) [ding] meanwhile, at a vrbo... when other vacation rentals are just for likes, try one you'll actually like. before you use ai to transform...
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Mar 18, 2024
03/24
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jay powell said i will not be arthur burns. i which not cut prematurely. >> yes. charles: therefore the insinuation i would rather stay high for too long than to cut prematurely. >> even if they cut-rates three times for sole of 75 basis points, as their dot plot suggests interest rates will be at 17-year high. interest rates will be higher for longer. hopefully not as high as they are. that will push a overleveraged u.s. consumer into default situations. that will slow down the economy further and we start talking about recessions. >> still given their druthers, two equal sets of risk, cutting too soon, remaining too high, they will stick with remaining too high. >> until at least july. they have to see two consecutive quarters of slowdown before getting interest rates. i still think we will get three interest rate cuts this year. charles: we look at some of your investment ideas. everyone is kind of familiar with microsoft. lily is big time with the weight-loss drug. what is rythym. >> this is the another area to play the obesity drug euphoria. $2.4 billion micr
jay powell said i will not be arthur burns. i which not cut prematurely. >> yes. charles: therefore the insinuation i would rather stay high for too long than to cut prematurely. >> even if they cut-rates three times for sole of 75 basis points, as their dot plot suggests interest rates will be at 17-year high. interest rates will be higher for longer. hopefully not as high as they are. that will push a overleveraged u.s. consumer into default situations. that will slow down the...