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Apr 4, 2024
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let's get back to the fed chair jay powell. yesterday signaling that policymakers will need clearer information of lower inflation before cutting interest rates. but he says the bump in prices recently hasn't altered the feds broader trajectory. >> let's bring in mark cranfield from bloomberg's mliv team now. mark, we saw treasury yields going through a bit of a round-trip yesterday. the hawkish comments from bostic sent yields higher. then you had powell a little dovish, sending front end yields lower, you also had the economic data feeding into the story. what market reaction could we see from the jobs data we have yet to come? >> if there is any big changes, we will see it in the foreign-exchange world. we are in a pretty interesting situation for the u.s. dollar. positioning-wise, traders are pretty long u.s. dollars, they have been for a few weeks, which is not surprising. we had a strong set of u.s. data. we have also had a fairly hawkish speakers from the federal reserve pushing back against early rate cuts. the jobs dat
let's get back to the fed chair jay powell. yesterday signaling that policymakers will need clearer information of lower inflation before cutting interest rates. but he says the bump in prices recently hasn't altered the feds broader trajectory. >> let's bring in mark cranfield from bloomberg's mliv team now. mark, we saw treasury yields going through a bit of a round-trip yesterday. the hawkish comments from bostic sent yields higher. then you had powell a little dovish, sending front...
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maria: what is transitory when i asked about jay powell here is what he said. >> jay powell fed chairman is talking about a soft landing you do you believe we will see a soft landing. >> i think he is going to do something, to probably help the democrats, i think if he lowers interest rates but you have potential massive inflation again, because the middle east could drive up precise of energy he is not able to do anything but looks to me like trying to lower interest rates for the sake of maybe getting people elected i don't know. maria: you think political going to cut rates. >> i think he is political yeah. maria: would you reappoint jay powell? >> this no, i wouldn't do that. >> you wouldn't. >> no. maria: because? he missed inflation. >> he did miss but i wouldn't be -- >> that was february 4, joel, when president trump said inflation will reignite because of oil how this is playing out. adam: called it right then not many in february earning inflation would pick up. maria: president trump was. >> he called it right at that point, now i think you are seeing a lot more people on the
maria: what is transitory when i asked about jay powell here is what he said. >> jay powell fed chairman is talking about a soft landing you do you believe we will see a soft landing. >> i think he is going to do something, to probably help the democrats, i think if he lowers interest rates but you have potential massive inflation again, because the middle east could drive up precise of energy he is not able to do anything but looks to me like trying to lower interest rates for the...
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Apr 29, 2024
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how does jay powell process these two reports? obviously, the markets and the economy are two different things. >> i think jay powell made a good comment about talking about numbers. u.s. is a large economy. it doesn't mean it is a hot economy, it is just a large economy. the estimates are startlistartl. two years ago, they said was 941,000. now 3.3 million. that is clearly having an impact on the demand. you see supply is catching up, but when you have increased demand, supply has to catch up i still think that we are going to have a cut this year. >> you are saying it is not reliable >> it does give you reliable you saw the number insurance is going up. one goes up and the other goes down you have to look at the composed number if you are sitting down and thinking is inflation at 3.5 no do we go to the shop every day there is a measure and there is a measure. i think jay powell has to sit back and take notice he looked through the price increases on the good side and increased rates much higher. he will look again and do it late
how does jay powell process these two reports? obviously, the markets and the economy are two different things. >> i think jay powell made a good comment about talking about numbers. u.s. is a large economy. it doesn't mean it is a hot economy, it is just a large economy. the estimates are startlistartl. two years ago, they said was 941,000. now 3.3 million. that is clearly having an impact on the demand. you see supply is catching up, but when you have increased demand, supply has to...
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Apr 16, 2024
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it was the story of jay powell. we have spoken about the last mile of disinflation, whether it will take longer for the final stretch to get price pressures down to the target for the fed. not enough progress has been made. that is reflected through bond yields. we see them at year to date highs across the curve. the focus is on powell, speaking at a panel discussion alongside the bank of canada governor in washington. here is what he is saying about how much more patience is needed. >> we have said we will need greater confidence inflation is moving sustainably toward 2% before it would be appropriate to ease policy. we took that cautious approach and sought greater confidence to not overreact to the low inflation in the second half of last year. annabelle: for more, let's bring in sylvia jablonski, ceo / cio / co-founder, defiance etfs. sylvia: perhaps a little change of tune in the messaging from powell, but does it come as any surprise to you? i don't think his message is super different. the numbers came in une
it was the story of jay powell. we have spoken about the last mile of disinflation, whether it will take longer for the final stretch to get price pressures down to the target for the fed. not enough progress has been made. that is reflected through bond yields. we see them at year to date highs across the curve. the focus is on powell, speaking at a panel discussion alongside the bank of canada governor in washington. here is what he is saying about how much more patience is needed. >>...
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Apr 3, 2024
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at 5:10 p.m., we will hear from fed chair jay powell. coming up, president biden says israel is not doing enough to protect civilians in gaza after seven aid workers were killed in israeli airstrikes. more on that, next. this is bloomberg. ♪ lizzy: welcome back to "bloomberg daybreak: europe." we will get the latest on the geopolitical situation in the middle east. the human toll is the focus, the death of aid workers in gaza. has to be said the geopolitical risk is feeding into the oil price. we have seen immense action in the oil space. wti crude hitting $85 a barrel for the first time since october. currently trading at $85.18. brent at $89 a barrel as well. questions are flying as to whether this is because of geopolitical risk and china optimism, or whether it might be about falling inventories. i got a note yesterday from sab's commodities team pointing out not a single drop of oil has been lost to recent events in the middle east, except for some rerouting around africa. what you have is a tight market and a steadfast opec-plus.
at 5:10 p.m., we will hear from fed chair jay powell. coming up, president biden says israel is not doing enough to protect civilians in gaza after seven aid workers were killed in israeli airstrikes. more on that, next. this is bloomberg. ♪ lizzy: welcome back to "bloomberg daybreak: europe." we will get the latest on the geopolitical situation in the middle east. the human toll is the focus, the death of aid workers in gaza. has to be said the geopolitical risk is feeding into the...
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Apr 17, 2024
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we did hear jay powell reiterating the need for patients overnight. caution on the outlook for rate cuts as well given that the last mile of disinflation is proving to be very sticky to bring down. haidi: as long as needed was the wording that we had from jay powell. take a look at how u.s. futures are coming into the session. seeing a little bit of muted upside, about .1%. this is seen potentially as a shift in his message following a third straight month in which we saw the key measuring of inflation beating analyst forecasts. it also paints a picture of a fed that sees very little urgency to cut rates. any reductions could come relatively late in the year if at all. there are still some analysts seeing two to three rate cuts. coming up in the next hour, here why they believe chinese equity markets can trend higher even with its blemished economy. our markets coverage continues. the is next. ♪ >> more recent data shows solid growth in the labor market and a lack of further progress so far and returning to a 2% inflation goal.
we did hear jay powell reiterating the need for patients overnight. caution on the outlook for rate cuts as well given that the last mile of disinflation is proving to be very sticky to bring down. haidi: as long as needed was the wording that we had from jay powell. take a look at how u.s. futures are coming into the session. seeing a little bit of muted upside, about .1%. this is seen potentially as a shift in his message following a third straight month in which we saw the key measuring of...
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Apr 17, 2024
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talk to us about the market reaction we had been hearing from jay powell. >> yes. you might wonder whether the market reaction had been a little more violent in the u.s. session. we did see higher bond yields. nothing too profound considering this is the fed chair shifting slightly his view. i think because so many of the fed policymakers have already put that same idea out there, it is not really a surprise to see that eventually. even looking at what the market is factoring in. as well as the relative calm in the u.s. markets, it has moved over the past 10 days, we have those much higher tertiary yields. it is the best of the world that is bearing the brunt of this in some ways. as some girls are talking about with the fx market in asia under pressure in recent days from the strength of the dollar. it is our currency your problem once again. >> the hammer blow of the strong u.s. dollar being felt across the u.s. market. how is the fx base holding up? >> holding up better with white a lot out there. i did think it was significant, this comment from south korea tha
talk to us about the market reaction we had been hearing from jay powell. >> yes. you might wonder whether the market reaction had been a little more violent in the u.s. session. we did see higher bond yields. nothing too profound considering this is the fed chair shifting slightly his view. i think because so many of the fed policymakers have already put that same idea out there, it is not really a surprise to see that eventually. even looking at what the market is factoring in. as well...
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Apr 17, 2024
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jay powell's thrown in the towel. there will not be any rate cuts this year because inflation is actually getting worse this year than it did last year. you talked about the border problem and law and order and the crime associated with it as mr. trump has. i got another one for you. joe biden on tax day, which was monday, as you know, joe biden decided that raising taxes is a much better economic growth and opportunity approach than cutting taxes. and says the trump tax cuts just benefited a few wealthy people. i thought it benefited almost every nook and cranny of the economy. now can the house do anything, you know, the kudlow catechism, the laffer catechism on supply-side tax cuts at least stir the pot, at least tickle just a little bit? i always thought lower taxes was a better idea than higher taxes, mr. speaker? >> yeah. you're trying to apply way too much common sense for washington. you know, larry, in the house republicans we have the smallest majority in u.s. history. one vote margin. we're using that becau
jay powell's thrown in the towel. there will not be any rate cuts this year because inflation is actually getting worse this year than it did last year. you talked about the border problem and law and order and the crime associated with it as mr. trump has. i got another one for you. joe biden on tax day, which was monday, as you know, joe biden decided that raising taxes is a much better economic growth and opportunity approach than cutting taxes. and says the trump tax cuts just benefited a...
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Apr 17, 2024
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jonathan: the quote for me yesterday did not come from jay powell. it came from the vice chair, philip jefferson. i will share it with you now, the base outlook is that inflation will decline further with the policy rate hub steady at its current level. at the current level. our old friend pk would say extending the x-axis. on time and taking longer. lisa: and what you have now in markets, it's time. remember yesterday, what if the fed chair came out and said he was hopeful and not confident? that's the subtext, they are hopeful and not confident, the reason they are holding it higher for longer and right now the market is trying to come to terms with that. annmarie: i got that sense as well, that we are expecting the confidence to come with more data. john, you mentioned the timeline, that makes me think this is political. if they need more time, there's only a certain number of meetings and data points left before it becomes unfathomable. jonathan: let's talk about the politics. joe biden calling for higher tariffs on chinese steel. this from lael
jonathan: the quote for me yesterday did not come from jay powell. it came from the vice chair, philip jefferson. i will share it with you now, the base outlook is that inflation will decline further with the policy rate hub steady at its current level. at the current level. our old friend pk would say extending the x-axis. on time and taking longer. lisa: and what you have now in markets, it's time. remember yesterday, what if the fed chair came out and said he was hopeful and not confident?...
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Apr 4, 2024
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jon: fed chair jay powell signaling patients as the central bank awaits more data. jobless claims setting the stage for tomorrow's main event, the payroll event. "the jobs report will hold the most sway, particularly as the labor market looks to be gaining momentum once again." another solid pace of hiring looking to rise payrolls. the bloomberg survey calling for slightly lower print of 213. we are going to now for more. jennifer, that's get into the labor market data on friday. are you expecting that come with hotter inflation, hotter wage growth? jennifer: thank you for having me on. that will probably be the most critical piece of data we will be looking for in that report the average hourly wages. especially last friday with the wages and salaries, the personal spending report that was up .8% which was a shocker to yours truly. we will see how that pans out with the earnings numbers and the jobs report. obviously, if looking for something with a bit of a hotter number, that is going to put more fed dovish into play. lisa: do you put more weight on the 10% figur
jon: fed chair jay powell signaling patients as the central bank awaits more data. jobless claims setting the stage for tomorrow's main event, the payroll event. "the jobs report will hold the most sway, particularly as the labor market looks to be gaining momentum once again." another solid pace of hiring looking to rise payrolls. the bloomberg survey calling for slightly lower print of 213. we are going to now for more. jennifer, that's get into the labor market data on friday. are...
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Apr 30, 2024
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investors are anticipateing jay powell's remarks on inflation and the economy to set the tone for rate cuts down the line. more earnings on the way this morning as well. dow components coca-cola, 3m and mcdonald's out ahead of amazon after the close tonight, apple is out on thu thursday. everything you need to know coming up. european markets are mixed. we have gains in london with the ft 100 up 32, cac quarante and dax negative. in asia markets finished mostly higher. bbest performer was japan,one d. president trump's trial continues this morning. he is planning on campaign events in wisconsin and michigan as the white house tries to play down trump beating biden or neck in neck some states. joining us this morning, mark tepper, joe pinion and fox business' cheryl casone. "mornings with maria" is live right now. ♪ out of my dreams. ♪ get into my car. ♪ get out of my dreams. ♪ get in the back seat, baby. ♪ get into my car. maria: and it is time for the hot topic of the hour. a new harvard poll finds former president trump is the frontrunner in a race between president biden a
investors are anticipateing jay powell's remarks on inflation and the economy to set the tone for rate cuts down the line. more earnings on the way this morning as well. dow components coca-cola, 3m and mcdonald's out ahead of amazon after the close tonight, apple is out on thu thursday. everything you need to know coming up. european markets are mixed. we have gains in london with the ft 100 up 32, cac quarante and dax negative. in asia markets finished mostly higher. bbest performer was...
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Apr 3, 2024
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i would love to hear that from jay powell. jonathan: are you willing to trade financial stability for price stability? is that the question? lisa: that could be one of them. are you willing to trade blowing out pockets of the population and reducing their chances for employment and wealth and prosperity in order to target a certain inflation target? i don't know the answer but this is a socially conscious issue and that is weighing on them at a time when it seems like things are being pretty positive and we seem to be talking leaving the rates where they are. jonathan: equity futures are negative by 0.25% on the s&p 500. here is your bloomberg brief. >> inflation in europe is inching toward 2%, firming up prospects of a june rate cut at the ecb. consumer prices rising 2.4% in march, lower rate than analysts forecast and down from 2.6% in february. cpi also eased at a faster rate than expected. the ecb president christine lagarde has signaled a first rate cut in june with much of the central bank's governing council on board wi
i would love to hear that from jay powell. jonathan: are you willing to trade financial stability for price stability? is that the question? lisa: that could be one of them. are you willing to trade blowing out pockets of the population and reducing their chances for employment and wealth and prosperity in order to target a certain inflation target? i don't know the answer but this is a socially conscious issue and that is weighing on them at a time when it seems like things are being pretty...
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Apr 12, 2024
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i tell you what, that's a hell of -- it's so ironic that jay powell comes out with three rate cuts in november, and inflation reads have gone straight the up since then. the credibility part gets weaker and weaker every day. jim, love seeing you, my man. thank you so much. >>> all right, folks, you can see on the screen all the major indices are down, and, of course, we want to look at the nasdaq as a well because the nasdaq is really what's carried us, right? that's the home of these magnificent, amazing companies, amazing stocks. and i gotta tell you with something, if they start to falter because they've carried the s&p, but they certainly have carried nasdaq as well, maybe we are in a lot of trouble. i want to to bring in simplify asset management mike green. i want the start with your note on tech stocks, all right? is. [laughter] and it's a little bit scary here, sticking with the ghostbusters theme. so tech stock growth is going to get destroyed when rates move higher. that's scary. >> well, that is scare ally, but it's actually kind of an ironic tweet. so the concern that peop
i tell you what, that's a hell of -- it's so ironic that jay powell comes out with three rate cuts in november, and inflation reads have gone straight the up since then. the credibility part gets weaker and weaker every day. jim, love seeing you, my man. thank you so much. >>> all right, folks, you can see on the screen all the major indices are down, and, of course, we want to look at the nasdaq as a well because the nasdaq is really what's carried us, right? that's the home of these...
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Apr 12, 2024
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we heard from jay powell, basically two and then one and some are saying none. markets don't like uncertainty and that is what we are seeing in the indices. it is their it is there reflection of uncertainty. neil: leave it to a thin guy to make diet analogies but i will let them go. let me get your take on what he is saying and what austen goolsbee is saying good, the latest economic numbers and instability around the globe and the run up in oil prices put them on pause. >> peter nailed one thing correctly, there were 25 >>s by central bakers all contradicting each other. my biggest worry is they think they are the economy, the central bankers, that they can move 1/4 point and affect inflation. the economy is $25 trillion, 150 million of us go to work trying to do better for our sons and our families. that drives the bus and i think they think too much and one thing that has not been mentioned and i think this is huge and that is the size of government in the sevens in 5 years and all of it is debt. that is inflationary and if that isn't worrisome, worrisome for
we heard from jay powell, basically two and then one and some are saying none. markets don't like uncertainty and that is what we are seeing in the indices. it is their it is there reflection of uncertainty. neil: leave it to a thin guy to make diet analogies but i will let them go. let me get your take on what he is saying and what austen goolsbee is saying good, the latest economic numbers and instability around the globe and the run up in oil prices put them on pause. >> peter nailed...
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Apr 16, 2024
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yielding 4.63 it is worth knowing we will hear from the chairman of the fed reserve jay powell later today we are monitoring a diversion with the u.s. bond yields and european bond yields we are seeing a bit of divergence there it is is worth keeping in mind e expectations for the fed and the ecb which are different at this stage. when it comes to other u.s. futures, i wanted to take a quick look at what is happening there. they are pointing to a mixed open on wall street and worth remembering that retail sales data yesterday have put some pressure on the equity space we saw all of the major indices st stateside in the red, frank. >> futures are a bit mixed after a selloff in the u.s one factor is u.s. retail sales were above expectations in march. it jumped 0.7% from the month previous february's monthly growth figure was revised higher to 0.9% which was up from 0.6% a 50% increase right there the chief u.s. economist at jpmorgan chase said the data has not changed the lender's house view and when the fed will begin cuts. >> we still have them cutting in july, but if it is tough and
yielding 4.63 it is worth knowing we will hear from the chairman of the fed reserve jay powell later today we are monitoring a diversion with the u.s. bond yields and european bond yields we are seeing a bit of divergence there it is is worth keeping in mind e expectations for the fed and the ecb which are different at this stage. when it comes to other u.s. futures, i wanted to take a quick look at what is happening there. they are pointing to a mixed open on wall street and worth remembering...
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so see you've got two catalysts, jay powell speaking today. we'll see what he says. we've got the next cpi number out next wednesday on the tenth. what are your expectations for the two catalysts, what do we hear today from powell? let's start there. >> i think powell is going to say the same as what he's been saying. to me, he's very transparent. i like listening to what he has to say. i think he'll talk about being data dependent but inflation is going in the right direction and so i wouldn't be too surprised even though the futures market has come down on a chance for a cut that we do get one in june. the best case scenario is that we get inflation data prior to that to allow the fed to cut. not that i don't think the econn sustain the rates for longer but i think companies can plan to be more aggressive in the second half of the year if that's the case which will spur on investment and spur on the economy here in the united states. we've got a recovery in china that's helping out a bit. i know you're talking about that a lot. but we've got from an economic standp
so see you've got two catalysts, jay powell speaking today. we'll see what he says. we've got the next cpi number out next wednesday on the tenth. what are your expectations for the two catalysts, what do we hear today from powell? let's start there. >> i think powell is going to say the same as what he's been saying. to me, he's very transparent. i like listening to what he has to say. i think he'll talk about being data dependent but inflation is going in the right direction and so i...
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Apr 8, 2024
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jay powell has firmly anchored his view that there will be interest rate cuts. more than likely it is a projection, not a promise. it also means they don't have to rush. rapid hikes that -- don't seem to have slowed growth down that much. let's not forget we have been with inflation. pce. the inflation measure that the fed bases its supercenter target on has come down dramatically from where we were in 2022. at one point in 2022, pce was about 7%. it is now 2.5%. you're also probably going to hear a lot of talk about the last one being the hardest and so forth. we just need to see a continuation of numbers. we don't have to necessarily be better. it is an average of 2% over time. >> all right. it seems clear at least that the u.s. is not in a rush to cut rates. and yet for the ecb, this looks but emotion out onto many at this point. so with this diversions, what about the weaker euro feeding into the european inflation story. >> what is transpiring is much more clear. munication has been much less vague. even the austrians are typically like hard money recognize
jay powell has firmly anchored his view that there will be interest rate cuts. more than likely it is a projection, not a promise. it also means they don't have to rush. rapid hikes that -- don't seem to have slowed growth down that much. let's not forget we have been with inflation. pce. the inflation measure that the fed bases its supercenter target on has come down dramatically from where we were in 2022. at one point in 2022, pce was about 7%. it is now 2.5%. you're also probably going to...
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Apr 30, 2024
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we'll hear from jay powell tomorrow. investors anticipating the the decision tomorrow setting the taupe for potential rate cuts down the line but when and if, we're not sure. joining me now is piper sandler's chief global economist, nancy lazar. nancy, great to see you. >> good morning. maria: by the way, nick timiraos is out with a piece this morn if or,s -- morning, and the title is the fed will signal it has the stomach to keep rates high for longer. your expectations from the federal reserve in this 2-day meeting, today and and tomorrow? >> i'm very glad to hear him say that. this is not a time to be cutting interest rates. i have also indicated financial conditions right now too easy suggesting, if anything, the rate structure could be too low. and so the question is why, and that's because as we've called it, legacy liquidity is still in the hands of the private sector. that is the lag effects of the massive monetary stimulus and the still ongoing, huge budget deficit is supporting corporate revenue which is keepin
we'll hear from jay powell tomorrow. investors anticipating the the decision tomorrow setting the taupe for potential rate cuts down the line but when and if, we're not sure. joining me now is piper sandler's chief global economist, nancy lazar. nancy, great to see you. >> good morning. maria: by the way, nick timiraos is out with a piece this morn if or,s -- morning, and the title is the fed will signal it has the stomach to keep rates high for longer. your expectations from the federal...
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Apr 16, 2024
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this as we prepare to hear from fed chair jay powell and we'll bring you headlines as to where to find opportunities across stocks, bonds, and commodities. plus, office vacancy rates hitting a new 20-year high. we'll look at the reits setup and the potential winners and losers into earnings, this aztec layoffs continue to pressure that sector. >>> housing starts posting the biggest drop in four years, but there is one name better insulated and better positioned to reap the benefits once rates start dropping, according to jefferies. the analyst behind that call is here to make his case. but we begin with dom chu with the numbers. >> trying to recover from that selloff over the course of the last few days, shorter term. right now, we're just about unchanged in the market. the broader s&p 500 is at 5060. it's down about one to two points, so flat on the session right now. at the highs, up a modest eight points on the s&p and down 21 points at the lows. so, again, the middle of that trading range. a level that we were watching before still remains around 5116, 5115. on the upside, that is
this as we prepare to hear from fed chair jay powell and we'll bring you headlines as to where to find opportunities across stocks, bonds, and commodities. plus, office vacancy rates hitting a new 20-year high. we'll look at the reits setup and the potential winners and losers into earnings, this aztec layoffs continue to pressure that sector. >>> housing starts posting the biggest drop in four years, but there is one name better insulated and better positioned to reap the benefits...
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Apr 17, 2024
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jay powell signaling rates will be higher for longer if inflation persists. here he is. watch. >> we said that we'll need greater confidence that inflation is moving sustainably toward 2% before the appropriate to ease policy. the recent data have not given us greater confidence and instead indicate that it's likely to take longer than expected to achieve that confidence. that said, we think policy is well positioned to handle the risks that we face, if be the higher inflation does persist we can maintain the current level of restriction for as long as needed. maria: your reaction, ryan? >> be the it's not broke, don't fix it. i think that's what you're seeing right now. look, we've had -- blew my mind but we saw the gdp number come in for the quarter, the atlanta fed at 2.8% for the first quarter, that's phenomenal gdp growth, better than last decade, that's for sure. we saw retail sales number on monday was better than expected. people are spending money. employment markets is hot. the other wild card is oil prices are up 20% this year, i think that's problematic. i th
jay powell signaling rates will be higher for longer if inflation persists. here he is. watch. >> we said that we'll need greater confidence that inflation is moving sustainably toward 2% before the appropriate to ease policy. the recent data have not given us greater confidence and instead indicate that it's likely to take longer than expected to achieve that confidence. that said, we think policy is well positioned to handle the risks that we face, if be the higher inflation does...
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Apr 11, 2024
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did he speak to jay powell? >> i think this issue will continue to haunt him, inflation as well as every single major issue that faces american people, whether it's gas prices, whether it's insurance. they know they're not better off than they were three and-a-half years ago. so the fact that keeps talking and running on bidenomics for republicans i'm like keep saying that because everyone's go goino hang it around your neck. maria: if trump was saying we're going to have a rate cut and it's going to be a month delayed. the mainstream would be all over him. how does know specifics about a rate cut. you're not supposed to be colluding with the federal reserve. there's many people who think the fed will be political and cut rates to help joe biden. >> i don't know why we're talking about rate cuts. if the economy is as strong as this biden administration wants everyone to believe, if inflation is re accelerating, there's no need for a rate cut. the only need for a rate cut at that point in time would be for purely
did he speak to jay powell? >> i think this issue will continue to haunt him, inflation as well as every single major issue that faces american people, whether it's gas prices, whether it's insurance. they know they're not better off than they were three and-a-half years ago. so the fact that keeps talking and running on bidenomics for republicans i'm like keep saying that because everyone's go goino hang it around your neck. maria: if trump was saying we're going to have a rate cut and...
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Apr 17, 2024
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maria: i noticed jay powell says overtime, overtime, will get to the target overtime. he is signaling it almost feels like he is recognizing he's not going to get to 2% anytime soon on inflation, what are your thoughts on the feds moves. >> yesterday was a step in the wrong direction in terms of the feds policy. it looks as if the fed is starting to guide for hire for longer but the reality and the perspective of asset leases kowtowing to physical dominance this is a fed that is going to accept implicitly is accepting much higher than 2% inflation that's likely to do that for quite a while. maria: what will that mean for rates is there a chance that he hikes rates were three rate cuts off the table in your view. >> would you look at 100 years of data whatever the monetary authority of physical dominance that the structurally bullish dynamic for at-risk assets stock, credit and parish dynamic for the bond market. i think that's exactly what we saw this far throughout 2024. maria: kowtowing toward fiscal policy accepted the fact that this buddy discontinuing it inflation
maria: i noticed jay powell says overtime, overtime, will get to the target overtime. he is signaling it almost feels like he is recognizing he's not going to get to 2% anytime soon on inflation, what are your thoughts on the feds moves. >> yesterday was a step in the wrong direction in terms of the feds policy. it looks as if the fed is starting to guide for hire for longer but the reality and the perspective of asset leases kowtowing to physical dominance this is a fed that is going to...
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Apr 17, 2024
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has jay powell, you think, consulted with him on this? >> highly unlikely. >>> meantime speaker mike johnson's former aid plan encountered resistance. the house caucus said they would not support it without offsets and concessions on geo security. if have voted to oust the speaker after mike gallagher steps down from the house on friday. it will take only two if all democrats vote against him. we'll bring you more on this story from washington later on in the show. >>> federal boeing engineer turned whistle-blower will testify before a congressional committee on the safety of the 787 dreamliner. he spoke to tom cause still le o in an exclusive interview. >> should boeing ground the 787 to check the gap sizes? >> i would say they need to. >> the entire fleet worldwide. >> the entire fleet worldwide needs attention. the attention needed is to check your gaps and make sure you don't have potential for premature failing. >> boeing told c kr newsu -- c news they're quite confident. they say the claims about the 787 are inaccurate. >>> meantime
has jay powell, you think, consulted with him on this? >> highly unlikely. >>> meantime speaker mike johnson's former aid plan encountered resistance. the house caucus said they would not support it without offsets and concessions on geo security. if have voted to oust the speaker after mike gallagher steps down from the house on friday. it will take only two if all democrats vote against him. we'll bring you more on this story from washington later on in the show. >>>...
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>> jay powell was asked this question on friday and the markets were closed. are you too transparent? and he said i don't think so. they like coming out and doing all these talks but i think you're right, sometimes it can be confusing. i will say what is good about this fed speak the markets came into this year asking, begging for six rate cuts and at least now finally they're looking at 2 1/2 rate cuts. so they're getting more in line with what the -- larry: i never seen half a rate cut. what is half a rate cut? you have to help me on that. kevin cramer you may not know what half a rate cut is, you know something about oil coming up from north dakota. >> i do. larry: we're seeing a pretty big rally, the best since december i think, even further back, october. west texas, yes. brent crude, yes. what do you make of that? what's going on here? >> well, what's happening, really, it gets to the point of what's making this inflation so sticky. energy prices, high energy prices will add to the inflation of everything we grow, produce, manufacture, move from one plac
>> jay powell was asked this question on friday and the markets were closed. are you too transparent? and he said i don't think so. they like coming out and doing all these talks but i think you're right, sometimes it can be confusing. i will say what is good about this fed speak the markets came into this year asking, begging for six rate cuts and at least now finally they're looking at 2 1/2 rate cuts. so they're getting more in line with what the -- larry: i never seen half a rate cut....
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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 30, 2024
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jay powell tried to be as boring as possible tomorrow. jonathan: that's the promo for our special fed covers tomorrow afternoon. euro-dollar and dollar-yen, the euro at the moment is about unchanged at $1.07 and the data out of europe is better. they are doing better than expected in the euro is still in and around 107 -- $1.07. if i told you one dollar 57 cents a week ago, you might say it problematic. it's still a problem for the boj. how much of a problem it is i don't know. the ministry of finance has been very vocal about this and the boj's been very quiet and it seemed to be satisfied based on its communication with where policy is and where markets are. lisa: this is the reason why the market is not really believing they will intervene with any kind of conviction. that's the reason why people are willing to fight the foreign minister in the ministry of foreign exchange in japan because they haven't a strong connection and we haven't seen that from the bank of japan. is it a victory for the yen to trade around $1.55 versus the $1.70
jay powell tried to be as boring as possible tomorrow. jonathan: that's the promo for our special fed covers tomorrow afternoon. euro-dollar and dollar-yen, the euro at the moment is about unchanged at $1.07 and the data out of europe is better. they are doing better than expected in the euro is still in and around 107 -- $1.07. if i told you one dollar 57 cents a week ago, you might say it problematic. it's still a problem for the boj. how much of a problem it is i don't know. the ministry of...
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Apr 2, 2024
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this includes jay powell on wednesday. let's look at we can expect at the implied open. the dow can be down 150 points. for the european markmarkets, l look at the picture. they were off yesterday and they did not do anything except digest the easter eggs. ftse 100 is up po.70%. great start to the week for the ftse 100. cac 40 issing moving higher by .40%. dax has been scaling new heights. the smi and ftse mib is sitting below the line. let's look at the european sectors and flip over the big board and look at what is going on. oil and gas up 2%. we have been watching oil. it is sitting at five-month highs after we got the good manufacturing data in the u.s. and the better numbers coming out of china as well. we saw manufacturing and non-manufacturing bouncing in china. that is giving hope on the demand side.have basic resource up. a bounce from copper and iron ore. technology is up 1.5%. on the bottom end of the scale, real estate is down .8%. maybe not a great start to the week there. let's take a look at some other assets. >>> crypto heis a fascinating story. bitcoin
this includes jay powell on wednesday. let's look at we can expect at the implied open. the dow can be down 150 points. for the european markmarkets, l look at the picture. they were off yesterday and they did not do anything except digest the easter eggs. ftse 100 is up po.70%. great start to the week for the ftse 100. cac 40 issing moving higher by .40%. dax has been scaling new heights. the smi and ftse mib is sitting below the line. let's look at the european sectors and flip over the big...
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Apr 27, 2024
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powell may say give and it feels like he wants to cut interest rates but how can he and inflation is not where he wants it? i'm with the spike in prices continues elevated. was he going to give us guidance? how will he manage that in this meeting? >> i hope they stop giving us guidance. the last several years policymakers should keep talking yoshould keep giving their forecast helme how many cups ofg the upcoming year? i think it has been a policy error when they talked in december that all of these costs to come inflation was beaten. they talked on the policy rate and the inflation serve as my best advice that should stop giving forward guidance. the most important power the power tool the bank has it's not actually it's printing press it's it's credibility i worry a lot the credibility has been strained by these errors that are systematic about prices, about the real economy per help when chairman powell and his colleagues with this upcoming week they talk a little less and they think a little bit more. the world is a mess out there. making crazy forecasts is only going to make the
powell may say give and it feels like he wants to cut interest rates but how can he and inflation is not where he wants it? i'm with the spike in prices continues elevated. was he going to give us guidance? how will he manage that in this meeting? >> i hope they stop giving us guidance. the last several years policymakers should keep talking yoshould keep giving their forecast helme how many cups ofg the upcoming year? i think it has been a policy error when they talked in december that...
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Apr 17, 2024
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after jay powell signaled rates will be higher for longer completion process. watch. >> we have said that the fomc we will need greater confidence that inflation is moving sustainably toward 2% before the appropriate to ease policy. the recent data has clearly not given us greater confidence and instead indicates likely to take longer than expected to achieve the confidence. that said we think policy is well-positioned to handle the risks that we face a fire inflation does persist we can maintain the current level of restriction for as long as needed. maria: joining me now market rebellion cofounder pete najarian, great to see you thank you so much for being here, your reaction to powell and what you're expecting for rates this year. >> is very interesting. the beginning of the year you go back to january and people talk about five cuts, six cats and some as high as seven cuts. the reality that inflation is much stickier than everybody was projecting including the fed it is an interesting process that they have to go through right now because now are starting t
after jay powell signaled rates will be higher for longer completion process. watch. >> we have said that the fomc we will need greater confidence that inflation is moving sustainably toward 2% before the appropriate to ease policy. the recent data has clearly not given us greater confidence and instead indicates likely to take longer than expected to achieve the confidence. that said we think policy is well-positioned to handle the risks that we face a fire inflation does persist we can...
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Apr 18, 2024
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signaled rates would be higher loaning if inflation persists every time jay powell speaks he says "overtime" will get there overtime, giving himself room there. >> without a doubt with inflation accelerating over the course last few months to point 0.4% month-over-month data now consistently, i don't see any cuts this year in fact i do think they are going to talk about a hike i don't know will hike but i think it is at least going to be a discussion, within the fed. but market obviously, over this quarter so far only about three weeks in has not liked the fact rate cuts pushed back market down 4%. >>. maria: down 5% second quarter a rough week for second quarter after very strong first quarter. mark: like nvidia sold of this week, some of the invincible toxin last year through first quarter showing that they are mortal can be taken down obviously, nvidia way up over the course last few years look. this is spooking investors to be expected you would expect a drawdown to the tune of 14, 15, 16% election year really saw nothing the first quarter maybe the beginning of it. maria: i am wonderin
signaled rates would be higher loaning if inflation persists every time jay powell speaks he says "overtime" will get there overtime, giving himself room there. >> without a doubt with inflation accelerating over the course last few months to point 0.4% month-over-month data now consistently, i don't see any cuts this year in fact i do think they are going to talk about a hike i don't know will hike but i think it is at least going to be a discussion, within the fed. but market...
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Apr 30, 2024
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federal reserve chairman jay powell says inflation will come down over time. what does that mean for the timing of rate decisions. the word on wall street panel is here with expectations. don't miss it. you're watching "mornings with maria" live on fox business. we'll be right back. ♪ i'm better when i'm pes dancing, yeah, yeah. ♪ i'm better when i'm dancing, yeah, yeah. ♪ we can do this together. ♪ i bet you feel better when you're dancing, yeah, yeah, (traffic noises) (♪) the road to opportunity. is often the road overlooked. (♪) at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move forward. the further we'll all go. maria: welcome back. breaking news overnight, columbia protesters breaking into hamilton hall at columbia, an academic building, barricading themselves inside. earlier in the day negotiating between school officials and protesters broke down, 12 hours after the deadline passed. we're following this breaking news development all morning l
federal reserve chairman jay powell says inflation will come down over time. what does that mean for the timing of rate decisions. the word on wall street panel is here with expectations. don't miss it. you're watching "mornings with maria" live on fox business. we'll be right back. ♪ i'm better when i'm pes dancing, yeah, yeah. ♪ i'm better when i'm dancing, yeah, yeah. ♪ we can do this together. ♪ i bet you feel better when you're dancing, yeah, yeah, (traffic noises) (♪)...
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Apr 1, 2024
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jonathan: jay powell sent to speak wednesday at of the jobs report friday. he said the fed is in no hurry to cut rates after hotter than expected prints to start the year. randy, great to catch up with you. fantastic to get your thoughts on a major issue. the conversation we have been having is whether the federal reserve is beginning to drift towards accepting a higher inflation rate. is that your sense of things or do you push that? randy: i do not think that is even likely or consistent with the fed communication. just before disinflationary surge started, the fed went through a comprehensive review of its monetary policy framework. meetings all over the country. it took a year. as part of the process, the fed reaffirmed the 2% inflation target as part of the framework. it would be [indiscernible] jonathan: i believe we might have lost our connection to randy quarles. peter, your thoughts? this is a big debate. it seems to be split. the early indication from randy is he did not agree. why are you closer to 3% when they are sticking to 2%? peter: they seem
jonathan: jay powell sent to speak wednesday at of the jobs report friday. he said the fed is in no hurry to cut rates after hotter than expected prints to start the year. randy, great to catch up with you. fantastic to get your thoughts on a major issue. the conversation we have been having is whether the federal reserve is beginning to drift towards accepting a higher inflation rate. is that your sense of things or do you push that? randy: i do not think that is even likely or consistent with...
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>> jay powell was asked this question on friday. it was good friday and the markets were closed. they said are you too transparent? he said i don't think so. they like coming out and doing these talks. but i think you're right, sometimes it can be confusing. what is good about this fed speak, the markets came into the year asking, begging for six rate cuts and at least now finally they're looking at two and-a-half rate cuts so they're getting moread in line with what the fed has said. la.larry: never seen it happen. kevin cramer, you know somethinb about oil coming up from north dakota. we're seeing a pretty big rally, the best sinces december, i think, or even further back, october.the west texas, yes. brent crude, yes. what do you make of that? what's going on here? >> well, what's happening is really it gets to the point of what's making this inflation so sticky. energyk so prices, high energybe prices will add to the inflation of everything we grow, produce, manufacture, move from one place to another place whether receiving it or whether you're sending it to another market.
>> jay powell was asked this question on friday. it was good friday and the markets were closed. they said are you too transparent? he said i don't think so. they like coming out and doing these talks. but i think you're right, sometimes it can be confusing. what is good about this fed speak, the markets came into the year asking, begging for six rate cuts and at least now finally they're looking at two and-a-half rate cuts so they're getting moread in line with what the fed has said....
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by the way, i'm glad you brought up participation pause with i've listened to jay powell in speeches, and i feel like this is one of the things he looks at more than anything else because this really is what -- if people are looking for work with as the pendulum swings back to the employer, the employer can hire, but he or she doesn't have to worry about spending more money, which is what the fed wants. jay powell wants a soft landing, he wants it bad, worse than anything else. >> legacy is very important, yeah. charles: particularly after blowing the transitory thing. i think investors know this, that the fed will be very reluctant to stay higher for longer. so for now, you're still at a june rate cut. >> yeah, we're still in the june rate cut camp, charles. i don't think the economy necessarily needs a rate cut. the economy is interest rate insensitive. a 25 point rate cut isn't going to do anything to the economy. i think what it does though is just allows them some breathing room to say, or you know what? 5.5% is way, way into restrictive territory, let's get a little bit closer t
by the way, i'm glad you brought up participation pause with i've listened to jay powell in speeches, and i feel like this is one of the things he looks at more than anything else because this really is what -- if people are looking for work with as the pendulum swings back to the employer, the employer can hire, but he or she doesn't have to worry about spending more money, which is what the fed wants. jay powell wants a soft landing, he wants it bad, worse than anything else. >> legacy...
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Apr 20, 2024
04/24
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i think one of biden's great mistakes was to reappoint jay powell chair the fed. i mean, powell, who had been appointed by trump, wall street auditions, be reappointed as a kind of a, hey, i'm a republican. i'm a wall street guy, but i believe in low interest rates and. indeed, during the whole trump period, interest rates were kept very low. well, as soon as covid and as soon as biden stimulated the economy, powell turns around and raises interest rates. a and so, okay inflation's down somehow you didn't manage to kill growth. we got lucky. take your jam off the brake. so that's something that biden doesn't control directly. but it's another that influences how well the economy is going to do. you know they're not to raise taxes in an election year in congress. we're not going to do anything in an election year. there's a divided congress, correct. but once the calendar turns to january of 2025, they're going to be focusing on 2026. right. number one and two, unless a party wins a blowout, that's probably powell. now is. sorry about that. the i don't know how to
i think one of biden's great mistakes was to reappoint jay powell chair the fed. i mean, powell, who had been appointed by trump, wall street auditions, be reappointed as a kind of a, hey, i'm a republican. i'm a wall street guy, but i believe in low interest rates and. indeed, during the whole trump period, interest rates were kept very low. well, as soon as covid and as soon as biden stimulated the economy, powell turns around and raises interest rates. a and so, okay inflation's down somehow...
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Apr 11, 2024
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larry: you're sitting on, taylor riggs, said this talking outside on the 20th floor, jay powell's new favorite thing, core services ex-rents. if you don't like it you don't like it but that is supposedly his new rate. it is up 8.2% the last few months at annual rate. the other measures are up at 4% at annual rate. wait, market price indicators, wayne angell, manley johnson, crbs, goldman sachs, those are booming, bonn rates are rising again. what is the case, jason, a savvy investor like you? >> look at financial assets, bitcoin, gold. larry: yeah. >> stocks, credit spreads are tight as a drum. everything is telling you that financial conditions are easy. the case is getting worse for the fed to ease, not better. larry: are you kidding? >> yeah. larry: i just want to about back, reading -- you read larry lindsey. brilliant economist. great fun to read larry lindsey. old friend, dear friend. he has not only changed his mind, he thinks -- i don't choir what the forward futures people are wrong, they have been wrong for 300 years, they will be wrong this year. now they're moving it to se
larry: you're sitting on, taylor riggs, said this talking outside on the 20th floor, jay powell's new favorite thing, core services ex-rents. if you don't like it you don't like it but that is supposedly his new rate. it is up 8.2% the last few months at annual rate. the other measures are up at 4% at annual rate. wait, market price indicators, wayne angell, manley johnson, crbs, goldman sachs, those are booming, bonn rates are rising again. what is the case, jason, a savvy investor like you?...
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Apr 16, 2024
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later today, fed chair jay powell is speaking at the forum in washington at 1:15 p.m. a lot of folks speaking. jay powell is the one where you will hang on every word. >> how many rate cuts should we expect it? when? >> will he tell you anything? i argue he should top telling you anything. >> mary daly said no rush to cut rates at this point. certainly the data states that. >>> house speaker mike johnson plans to split the aid package for israel and ukraine to respond quickly on the attack over the weekend. marjorie taylor greene has threatened to force a vote on deposing the speaker if it has any ukraine aid. she has not decided to proceed with the ouster vote. speaker johnson anticipates the house will vote on the aid bills on friday. >>> the first day of jury selection in the donald trump criminal trial concluded without any jurors seated. trump walked out of the courtroom and calling the trial a scam and criticizing the judge for refusing him to attend supreme court arguments next week reellated to the immunity argument. meantime, shares of trump media closing 18%
later today, fed chair jay powell is speaking at the forum in washington at 1:15 p.m. a lot of folks speaking. jay powell is the one where you will hang on every word. >> how many rate cuts should we expect it? when? >> will he tell you anything? i argue he should top telling you anything. >> mary daly said no rush to cut rates at this point. certainly the data states that. >>> house speaker mike johnson plans to split the aid package for israel and ukraine to respond...
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Apr 17, 2024
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now, on to inflation, the chair of the fed, jay powell said inflation may take longer than expected to slow down and move toward the 2% target. it may take longer than expected to start cutting interest rates. now last night, powell said that the current level may have to stay in place as long as needed, frances. >> sharcharlotte, thank you. >>> the growth continues for women's basketball. monday's wnba draft pulled in record viewership with 2.45 million tuning in to see the indiana fever take caitlin clark first overall. but it's only exposing the glaring disparities between women's and men's hoops. many expressed disbelief that clark will make just over $76,000 during her rookie year at indy. by comparison, victor wembanyama made $12 million in his first season with the spurs. even priesident biden chimed in calling for equal pay. >>> tony soprano tries to c conving king james to come to new york. g king james to come t new york. (♪♪) king james to come to new york. n convinc king james to come to new york. e king james to come t new york. e king james to come t new york. nooooo.
now, on to inflation, the chair of the fed, jay powell said inflation may take longer than expected to slow down and move toward the 2% target. it may take longer than expected to start cutting interest rates. now last night, powell said that the current level may have to stay in place as long as needed, frances. >> sharcharlotte, thank you. >>> the growth continues for women's basketball. monday's wnba draft pulled in record viewership with 2.45 million tuning in to see the...
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Apr 5, 2024
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jay powell has told us that is what they are looking at. the strength of the labor market, if it starts to get weaker, they would consider cutting sooner. that could be reflected in the unemployment rate. we are seeing all these people coming into the labor force, which affects the unemployment rate more than it affects the headline numbers. jonathan: which are rather be here or in lake como with the mohamed el-erian? where would you rather be? mike: if i were to be honest, i would go to the lake because i could get on the internet and watch the bloomberg numbers. jonathan: this is basically me lobbing to take us to the forum next year. and mean, seriously. lisa: mohamed a el-erian saying it is rough for him because he is there with all the cameras. jonathan: shocking. coming up very shortly, mohamed a el-erian in lake como to break down the jobs report. and jeff rosenberg slumming it at blackrock hq. catch up with them in just a moment. from new york city, this is bloomberg. ♪ ok y'all we got 10 orders coming in... big orders! starting a
jay powell has told us that is what they are looking at. the strength of the labor market, if it starts to get weaker, they would consider cutting sooner. that could be reflected in the unemployment rate. we are seeing all these people coming into the labor force, which affects the unemployment rate more than it affects the headline numbers. jonathan: which are rather be here or in lake como with the mohamed el-erian? where would you rather be? mike: if i were to be honest, i would go to the...
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Apr 22, 2024
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economy and there is no need for justification for jay powell to reduce the benchmark so that is playing into the dynamic on the japanese yen holding close to 155 but certainly as well the big impact on emergency -- emerging currencies and the finance secretary of the philippines is talking about of rate cut if the peso gets weaker and he told us the delay should not affect the government's growth goal. >> for the last 20 years we have had a relatively stable currency , more or less around 55 cents 2004, 55 peso to the u.s. dollar. >> are you worried about it weakening to the 59 arena? 57 was the line in the stand and i think it is pushed to for -- and i feel like it is pushed to 59 now. >> it is a possibility. >> if the peso gets weaker passed 59 potentially you will have to hold off on interest rate reduction? >> that is right. >> that is a big statement. >> potentially. >> starting where we started with janet yellen meeting with her counterparts from south korea japan do you think because the u.s. need south korea and japan and the philippines as partners against china you almost have
economy and there is no need for justification for jay powell to reduce the benchmark so that is playing into the dynamic on the japanese yen holding close to 155 but certainly as well the big impact on emergency -- emerging currencies and the finance secretary of the philippines is talking about of rate cut if the peso gets weaker and he told us the delay should not affect the government's growth goal. >> for the last 20 years we have had a relatively stable currency , more or less...
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Apr 11, 2024
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president biden made a point to say he will not criticize fed chairman jay powell, we'll see how long that will last. >> steve: seemed like he was pressuring him yesterday. larry somers said there could be a rate increase. three years ago, inflation was threw the roof and they said it is trans tory, it will happen and then they used expression bidenomics. have they stopped using that? it is not working for people. >> peter: they use it a little bit. people wouldn't benefit if trump becomes president again. messaging is hard, president biden can go in the rose garden and say we're making inflation better than when we took office. if people don't feel that when they go to giant's or safeway or publix and groceries cost more, this is a big issue between what he is saying and what people are feeling. >> brian: thanks, peter. economists say if you want to control inflation, raise interest rates. discourage people from spending and that will bring everything down. they did, they raised interest rates and finally stopped. when you do that, you are depressing the housing market. i have a 2.5
president biden made a point to say he will not criticize fed chairman jay powell, we'll see how long that will last. >> steve: seemed like he was pressuring him yesterday. larry somers said there could be a rate increase. three years ago, inflation was threw the roof and they said it is trans tory, it will happen and then they used expression bidenomics. have they stopped using that? it is not working for people. >> peter: they use it a little bit. people wouldn't benefit if trump...
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jonathan: up next, a patient jay powell. >> growth under 2% this year is roughly what this year looks like. we are not in a hurry to cut. jonathan: this is bloomberg. ♪ jonathan: live from new york city, equities bouncing back. adding some weight to the present rally of more than 10%. let's check in on byd unit sales. up 46% year on year. the growth is nominal. this is where the competition is right now in a major way. annmarie: it is why you see the u.s. potentially adding more and not allowing china's vehicles to come in. they want to make sure that they can have their own automakers competitive. but jonathan, look at these numbers happening in china. you are seeing them cut prices just remain competitive. jonathan: under surveillance this morning, a patient chair powell. >> the economy is strong. we saw growth over 3%. many see forecasters -- that means we do not need to be in a hurry to cut. can rate and become more confident that inflation is coming down on a sustainable basis. jonathan: reinforcing bets the central bank will cut rates later this year. we will hear from him lat
jonathan: up next, a patient jay powell. >> growth under 2% this year is roughly what this year looks like. we are not in a hurry to cut. jonathan: this is bloomberg. ♪ jonathan: live from new york city, equities bouncing back. adding some weight to the present rally of more than 10%. let's check in on byd unit sales. up 46% year on year. the growth is nominal. this is where the competition is right now in a major way. annmarie: it is why you see the u.s. potentially adding more and not...
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lauren: jay powell will speak at stanford university. any nuances on the criteria needed for a rate cut. stuart: even the nasdaq turned around. thank you very much. now this. donald trump knows how to fine-tune his campaign. his rallies perfect to the news and issues of the day. biden plods along blaming republicans for the border mess and claiming we have the best economy in the world. voters are turned off by this because it's obvious political spin. what a contrast from trump last night at rallies in wisconsin and michigan, called for a crystal visibility day. the transgender visibility day on easter sunday, the most sacred day of the christian calendar. and received thunderous applause. when when did he get thunderous applause? trump went on to address another big issue. the murder of jonathan diller. he was gunned down by violent couples with long rap sheet. trump visited the family. biden didn't call. trump said, quote, i'm going to indemnify all police officers to protect them from being destroyed by the radical left, q the thunde
lauren: jay powell will speak at stanford university. any nuances on the criteria needed for a rate cut. stuart: even the nasdaq turned around. thank you very much. now this. donald trump knows how to fine-tune his campaign. his rallies perfect to the news and issues of the day. biden plods along blaming republicans for the border mess and claiming we have the best economy in the world. voters are turned off by this because it's obvious political spin. what a contrast from trump last night at...