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i think the market figured it as jay powell had said. it doesn't make sense the june cut given where inflation is right now. >> right now we see two sectors, utilities and also real estate. in your mind, what does that signal? it feels like days ago. i was a couple of weeks ago. everybody is talking about this broadening of the market and now we're seeing contraction. >> two sectors are real estate and utilities. you've got inflation, you've got a fed that can't be cutting interest rate sensitivity. that's not what you want on your equity exposure. you want companies participating the growth, and real estate and utilities don't do that. >> again, your w.e.x. word of the day is "premonetary," waiting for something bad to happen. you seem to be a boxing fan. you gave us notes, an old mike tyson quote. everybody is surprised until they get punched in the mouth. it had to be a bit of a surprise. what do you advise clients to do? >> i think you've got to have a plan to stuck to when you do get that pup. in the mouth. that's when it's difficul
i think the market figured it as jay powell had said. it doesn't make sense the june cut given where inflation is right now. >> right now we see two sectors, utilities and also real estate. in your mind, what does that signal? it feels like days ago. i was a couple of weeks ago. everybody is talking about this broadening of the market and now we're seeing contraction. >> two sectors are real estate and utilities. you've got inflation, you've got a fed that can't be cutting interest...
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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 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 26, 2024
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did he speak with jay powell? is he messaging jay powell? why did he say that? >> if jay powell is taking directions from joe biden we're in a lot of trouble and the problem with inflation is not going to go away anytime soon. it will be with us in november and joe biden will pay for that. maria: yeah. brenda, have you changed the way you invest because inflation remains sticky, because its staying at elevated levels here and it's not -- nowhere near the fed's target of 2%? >> the last time we were talking before the march cpi i remember saying something to you specifically, that if we saw another high print after january, february, things would change and that's exactly what we've seen. we've seen the s&p off 5 and-a-half percent since the march highs. we have the 10 year at 4.7%. i do think the repricing of fixed income has happened. maybe we go up to 4.75 today. i don't think we'll see a pce number that we like but i do think that fundamentally we're going to see the 10 year fall to 3.8 by the end of the year. maria: seems unlikely to me too. brenda, great to
did he speak with jay powell? is he messaging jay powell? why did he say that? >> if jay powell is taking directions from joe biden we're in a lot of trouble and the problem with inflation is not going to go away anytime soon. it will be with us in november and joe biden will pay for that. maria: yeah. brenda, have you changed the way you invest because inflation remains sticky, because its staying at elevated levels here and it's not -- nowhere near the fed's target of 2%? >> the...
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Apr 10, 2024
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maria: president trump on jay powell. >> jay powell the fed chairman talking about a soft landing do you believe we will see a soft landing. >> well, i think he is going to do something, to probably help democrats, yeah. i think if he lowers interest rates. but you have the potential of having massive inflation again, because the middle east could drive up the price 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 he is political going to cut rates -- >> i do i think he is political yeah. maria: would you reappoint jay powell? >> no, i wouldn't do that. >> because? >> he missed inflation. >> did miss he did miss no, i wouldn't be -- >> barry knapp your take on backdrop here, what jay powell needs to do. you know, we saw that jobs number the other day that everybody was celebrating 300 jobs created in march then started really zeroing in realized much job creation was part time, a lot of jobs given to foreign born not american citizens, so can we look at the jobs
maria: president trump on jay powell. >> jay powell the fed chairman talking about a soft landing do you believe we will see a soft landing. >> well, i think he is going to do something, to probably help democrats, yeah. i think if he lowers interest rates. but you have the potential of having massive inflation again, because the middle east could drive up the price of energy he is not able to do anything, but looks to me like trying to lower interest rates for the sake of maybe --...
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Apr 11, 2024
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why don't we start first with the fed chief, jay powell? here's a i go who doesn't get any credit for anything. he is the rodney dangerfield of central bankers. he's constantly being second-guessed, like he's clueless. that's just plain moronic. powell's a pragmatic individual who doesn't surrender to politics or orthodoxy. he's the least promotional public figure in america today. he had to deal with a once-in-a-lifetime pandemic which caused elected leaders to spend money like crazy. he accepted it. he never bemoaned it. when he realized the pandemic was under control he raised rates 11 times to stamp out inflation. each time inflation snapped back so he had to keep tightening. he realized there could be negative consequences if he didn't stop. that's right. we're now in a situation where inflation has cooled, cooled dramatically, even if it's still too high, and we also have an aband absurdly strong job market. it's just too strong to justify cutting rates. so it's time for powell to stand pap pat and see what happens. there's nothing wr
why don't we start first with the fed chief, jay powell? here's a i go who doesn't get any credit for anything. he is the rodney dangerfield of central bankers. he's constantly being second-guessed, like he's clueless. that's just plain moronic. powell's a pragmatic individual who doesn't surrender to politics or orthodoxy. he's the least promotional public figure in america today. he had to deal with a once-in-a-lifetime pandemic which caused elected leaders to spend money like crazy. he...
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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 25, 2024
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>> you know, it is jay powell who has preempted what is coming he set the stage for higher for longer the fed funds futures have adjusted what has not adjusted is the broad multiple across the stock market and that is why you are seeing quite a bit of blood in the streets at moment. >> gina, thank you colorful language. blood that streets a lot of people are scratching their heads. gina, thank you. for more on what is driving the markets and trading day ahead, head to cnbc pro at cnbc.com/pro >>> coming up on "worldwide exchange," throw out the $50,000 price tags because at the beijing auto show, we very broad appeal that's where we find our eunice yoon >> reporter: thank you, frank. elon musk elonhoped to revisit e idea of the affordable ev. he is not the only one more in a few minutes. with gold and copper prices pushing towards all-time highs, u.s. gold corp is advancing its environmentally friendly gold and copper mining project and creating american jobs in mining friendly wyoming. with a proven management team and board, a tight share structure, and a solid cash balance, u.s. go
>> you know, it is jay powell who has preempted what is coming he set the stage for higher for longer the fed funds futures have adjusted what has not adjusted is the broad multiple across the stock market and that is why you are seeing quite a bit of blood in the streets at moment. >> gina, thank you colorful language. blood that streets a lot of people are scratching their heads. gina, thank you. for more on what is driving the markets and trading day ahead, head to cnbc pro at...
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Apr 4, 2024
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we've got a lot of fed speak coming up that will add to what jay powell has said. we have seven fed speakers today. we have six more tomorrow. if you don't know what the open market committee is thinking, you should by tomorrow night or have a good idea of where we are going. i would imagine it will echo the jay powell who says we are not ready yet but maybe later this year. they will talk about the employment numbers and the inflation rates and we get a lot of that between now and the june meeting with may be the first rate cut if things go their way. we've got three made just labor market reports and three cpi reports into pce report so keep an eye on the data and we will have to see what ends up happening. caroline: whether we listen to the rap file bostick's or get more dovish from some of the other players. i'm interested in what's happening more broadly with the economic perspective of the u.s. economy when we look at the jobs number coming out tomorrow. how much do we think that might be a risk on/risk off moment? mike: probably not huge risk off unless we g
we've got a lot of fed speak coming up that will add to what jay powell has said. we have seven fed speakers today. we have six more tomorrow. if you don't know what the open market committee is thinking, you should by tomorrow night or have a good idea of where we are going. i would imagine it will echo the jay powell who says we are not ready yet but maybe later this year. they will talk about the employment numbers and the inflation rates and we get a lot of that between now and the june...
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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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jay powell signaled the base case remains, three rate cuts are coming, beginning in june. watch this. >> these recent data do not, however, materially change the overall picture which continues to be one of solid growth, a strong but rebalancing labor market and inflation moving down toward 2% on a sometimes bump hey path. it's too soon to say whether the recent readings represent more than just a bump. we do not expect it will be appropriate to lower our policy rate until we have greater confidence that inflation is moving sustainably down toward 2%. my colleagues and i continue to believe that the policy rate is likely at its peak for this tightening cycle. if t the economy evolves broadl, most see it likely as appropriate to begin lower the policy rate some point this year. maria: joining me is chief investment officer chris zakarelli. what did you take away from powell's comments yesterday? >> i think powell's comments were really interesting. we've had some higher than expected inflation day data so r this year, to call into question whether or not we get the rate cut
jay powell signaled the base case remains, three rate cuts are coming, beginning in june. watch this. >> these recent data do not, however, materially change the overall picture which continues to be one of solid growth, a strong but rebalancing labor market and inflation moving down toward 2% on a sometimes bump hey path. it's too soon to say whether the recent readings represent more than just a bump. we do not expect it will be appropriate to lower our policy rate until we have greater...
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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 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 16, 2024
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jay powell delivery remarks later this afternoon and earlier this afternoon mohamed el-erian commented on the move. >> authorities are frozen on the world on how do you react to generalized dollar strengthening. how do you react to increasing interest rates in the u.s. and unfortunately in the past those two things go too far they bring something else with them. sonali: we will discuss this with bloomberg fx reporter anya andrianova. if you think about the relationship between interest rates and what you're seeing in the dollar how do you describe what is going on best? >> sometimes they can work step in step and sometimes the correlation is not always as the rates go high the dollar does get support. today it is not only the rates. today we have geopolitical risks. that is also increasing the dollars. with that together, it is a pretty good season for the dollar. sonali: how do you think about what happens next? your point about the dollar as a safe haven currency plus what is happening with interest rates, have been a lot of concerns for a long time the dollar has been flying too hig
jay powell delivery remarks later this afternoon and earlier this afternoon mohamed el-erian commented on the move. >> authorities are frozen on the world on how do you react to generalized dollar strengthening. how do you react to increasing interest rates in the u.s. and unfortunately in the past those two things go too far they bring something else with them. sonali: we will discuss this with bloomberg fx reporter anya andrianova. if you think about the relationship between interest...
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Apr 26, 2024
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it felt like jay powell in april should t shut the door on that. >> there is still a small chance it could happen. the market pricing is suggests it will be later it comes at 2.8% and we perhaps get a july cut >> i want to talk about the magnificent seven mega cap tech. we got reports from microsoft and alphabet a lot of concentration in the m market with the risk of the burst. investors have confidence in the companies. going forward, do you see the magnificent seven trade being something that continues to power the market or are we going to see rotation? >> a good question of course, it is not a bubble if it is underpinned by the fundamentals our philosophy is the area is another trigger catalyst for the direction of the equity market moving forward our view and models with pricing for eps has been suggesting that the u.s. market and especially big tech and growth companies have been priced for perfection. that means the bar to satisfy the markets is quite high. in terms of europe, the market is more fairly priced. if reports come in line with the analysts, it is okay for the u.s.,
it felt like jay powell in april should t shut the door on that. >> there is still a small chance it could happen. the market pricing is suggests it will be later it comes at 2.8% and we perhaps get a july cut >> i want to talk about the magnificent seven mega cap tech. we got reports from microsoft and alphabet a lot of concentration in the m market with the risk of the burst. investors have confidence in the companies. going forward, do you see the magnificent seven trade being...
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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 5, 2024
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we take some reassurance from jay powell's comments. he stood behind the three cuts in the dot plot. that is something he reiterated. i believe in the footage that the labor market is becoming important. there are other factors they are considering and not just broader market liquidity. while some of these statistics look good there are others that would support the idea of because. sonali: what do you think about what it means in perspective of the data we will see next week with inflation given we have already seen hints of heat when it comes to wages? >> we are seeing a cyclical pickup in the economy and growth expectations higher. does it translate into upper moment of inflation? the argument for rate cuts continues to weaken. learning from last year high growth, healthy labor market can exist with volume inflation and we will be putting that to the test. sonali: do you find these as buying opportunities or do you wait before stepping and further? ed: cost average in something like this you have to be slow giving the momentum in the
we take some reassurance from jay powell's comments. he stood behind the three cuts in the dot plot. that is something he reiterated. i believe in the footage that the labor market is becoming important. there are other factors they are considering and not just broader market liquidity. while some of these statistics look good there are others that would support the idea of because. sonali: what do you think about what it means in perspective of the data we will see next week with inflation...
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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 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 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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Apr 26, 2024
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maria: would you reappoint jay powell. >> no i would not do that. >> because he missed inflation? >> he did miss but no i would not be inclined. maria: your thoughts in terms of the president's biden trump getting involved in fed policy. >> this seems like political speculation. it would be very difficult to get that through congress and overall fed policy around election and policy in general has not really taken a political stance but we think it would be difficult to get that through congress. maria: at this point there's a lot of betting going on whether or not the fed will lower walk and one point i made the closer we get to november the less likely they will cut rates because they do what appear political in any way in your thoughts whether or not were going to get a rate cut. >> we think there could be one or two rate cuts this year in the market was priced into the futures market. if you go back and look at the history of the fed back to the early 60s what you find the fed has shown no hesitation to either raise rates or cut rates late in the year during a presidential ele
maria: would you reappoint jay powell. >> no i would not do that. >> because he missed inflation? >> he did miss but no i would not be inclined. maria: your thoughts in terms of the president's biden trump getting involved in fed policy. >> this seems like political speculation. it would be very difficult to get that through congress and overall fed policy around election and policy in general has not really taken a political stance but we think it would be difficult to...
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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 26, 2024
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now, he picked more of establishment figures like randy corals and jay powell. this time, if you look who he was nominated end of his first term you had different, more choices like judy shelton, herman cain. this time around he won't have vak al vacancies unless they leave. seats filled nobody steps down it's a year before he gets one vacancy. >> you talked to someone, you're right, i don't know who's in charge he's got other things going on that probably not as cohesive a campaign when you're, you know, due somewhere else every single day. to your point. be very clear if it doesn't come directly from the strategy and say don't take it seriously. they said that, didn't they? >> they absolutely did say that, but donald trump is talking to people right now about the fed he's interested in different views. he's thinking about this he cares about the fed a lot he thinks a lot about interest rates and knows what 25 basis point increases interest rates will do. the second part i was going to make is -- >> and go along with it. you quote people in the article. two or
now, he picked more of establishment figures like randy corals and jay powell. this time, if you look who he was nominated end of his first term you had different, more choices like judy shelton, herman cain. this time around he won't have vak al vacancies unless they leave. seats filled nobody steps down it's a year before he gets one vacancy. >> you talked to someone, you're right, i don't know who's in charge he's got other things going on that probably not as cohesive a campaign when...
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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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Apr 1, 2024
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one thing i disagree with jay powell. signaling cuts soon. there's nothing like that in the data to me. >> what about the letters behind you? distinctive signature. is that 45 sober? >> those are the, right here in my office. those are the notes that appointed me chair to council of economic advisor and member of the council advisor. >> signature on the right, right? very distinctive. that's not a letter asking you to be the next fed chief from -- from -- that's not what -- we can't see what it says. >> we'll see what happens. >> would you take that job? >> it's crazy to speculate about stuff right now. it's like the cart before the horse we don't really even have a horse yet. so i think the appropriate thing to do is talk about policy for a person like me and let people think about whether they think policy views are views of someone you agree with. >> fortunately, just gave every modern monetary theorist a -- get out of jail free a.i.'s goi our $34 billion built-up risk. >> we see it in productivity inflation going down. a.i. is real. it's
one thing i disagree with jay powell. signaling cuts soon. there's nothing like that in the data to me. >> what about the letters behind you? distinctive signature. is that 45 sober? >> those are the, right here in my office. those are the notes that appointed me chair to council of economic advisor and member of the council advisor. >> signature on the right, right? very distinctive. that's not a letter asking you to be the next fed chief from -- from -- that's not what -- we...
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jay powell signaled the base case remains 3 rate cuts are coming beginning in june. listen to this. >> reporter: these recent data, and strong but rebounding, inflation moving down 2%. maria: harder than expected numbers. >> i'm not surprised. palace turning everything back to normal. we've had conflicting data and service numbers are down, and investors react what they are expecting. that's driving movement in the market. that is why think between a great first quarter and expectations that powell was not going to lower rates was what happened with the markets this week. maria: what do you think in terms of the second court. will we see momentum continue you think? >> second quarter, we have a great second half in terms of growth of the economy. it is difficult to keep up the pace this first quarter and there are opportunities in the market and ways to position your portfolio in order to take advantage of where we are. i would say things like unicycle bonds. i'm not sure about anyone else but i can't see taxes going down. i can see taxes going up at some point in th
jay powell signaled the base case remains 3 rate cuts are coming beginning in june. listen to this. >> reporter: these recent data, and strong but rebounding, inflation moving down 2%. maria: harder than expected numbers. >> i'm not surprised. palace turning everything back to normal. we've had conflicting data and service numbers are down, and investors react what they are expecting. that's driving movement in the market. that is why think between a great first quarter and...
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Apr 1, 2024
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i don't think jay powell is in a rush to make any moves. they want to continue to trend in the right direction. so, the market can do well while the fed is on pause. i think we will see rate cuts happening this year. >> what's been working so far? is that mega cap tech trend broadening out? raeann, we are talking about the big names likes n nvidia. do you take profits or roll it over? >> we are taking profits after the run we have seen in the last year. we have seen that broadening out. we're happy to see that. that's largely that the market is saying the economy survived the rate hiking cycle and everything is looking good. we have been broadening out. we have been reallocating to areas outside of tech. we're keeping in tech. just not overweight. >> i know you are looking at alternatives. private equity especially. what about gold? would you move part of your portfolio? >> that is not an area we allocate. we do allocate across asset classes. we do prefer other areas of the private markets such as venture capital and private credit which ar
i don't think jay powell is in a rush to make any moves. they want to continue to trend in the right direction. so, the market can do well while the fed is on pause. i think we will see rate cuts happening this year. >> what's been working so far? is that mega cap tech trend broadening out? raeann, we are talking about the big names likes n nvidia. do you take profits or roll it over? >> we are taking profits after the run we have seen in the last year. we have seen that broadening...
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Apr 16, 2024
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it little bit in down as we await jay powell speaking later. all important for the bond market which saw a selloff earlier. nevertheless, we see money going back into big tech. msci all country under pressure. bitcoin off by one point 3% as the u.s. dollar marches higher. what will we hear on inflationary pressure? move over, have a look at some of the names. i said europe was under pressure. why is basically sending many -- money abroad. revenue up 24% for this particular fintech darling. it was not as much as much as the market wanted to see. tesla off by more than 2%, as they see executives leave and as much as 20% in head cuts. netflix outperforming today. upgrades to the price targets coming from various analysts today. what are you looking at in other earnings areas? ed: banks are big this tuesday. ai has been changing the game. listen to a soundbite from pnc earlier today. >> technology now is allowing us to move data to the cloud and then to do things with artificial intelligence that we never could do before. it now is being used by ou
it little bit in down as we await jay powell speaking later. all important for the bond market which saw a selloff earlier. nevertheless, we see money going back into big tech. msci all country under pressure. bitcoin off by one point 3% as the u.s. dollar marches higher. what will we hear on inflationary pressure? move over, have a look at some of the names. i said europe was under pressure. why is basically sending many -- money abroad. revenue up 24% for this particular fintech darling. it...
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Apr 1, 2024
04/24
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jay powell talked about that friday. they don't have to get started right away with cutting interest rates. katie: catch us up about what we learned friday. we had pce and we heard from jay powell himself. a lot of us were working so what did we hear? mike: basically, we saw the pce inflation numbers going down still. the speed of the decline was falling off. what howell was saying is we see that and we see the strength of the economy and we are not convinced yet that we are going to be completely on the path to the 2% target. because the economy is strong and we will get friday is jobs report friday, they can wait because they don't need to stimulate the economy is his view. with today's data, that reinforces that. katie: thank you so much and you can see the reaction in the bond market. 10 year treasury yields are currently higher by about zero point 10%. we've a great guest to delve into this. nancytengler is with us. let me start with valuations. it feels like after several months of stocks going straight up, when yo
jay powell talked about that friday. they don't have to get started right away with cutting interest rates. katie: catch us up about what we learned friday. we had pce and we heard from jay powell himself. a lot of us were working so what did we hear? mike: basically, we saw the pce inflation numbers going down still. the speed of the decline was falling off. what howell was saying is we see that and we see the strength of the economy and we are not convinced yet that we are going to be...
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Apr 17, 2024
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powell. that is probably the biggest driver of equities over the past week, and probably over the coming quarter. whereby inflation has been stubbornly sticky so far this year, and as a result you had chairman powell talk about they have the patience to maybe wait a while before they cut rates. and as a result you've seen the markets start this year expecting six or seven rate cuts, and now they are pricing in one or two at best. the good news is that the markets have done a pretty good job, notwithstanding the last few days, of really digesting and handling this. when one considers that stocks are still up from where they were last fall when interest rates were about the same level. equities have done well, corporate earnings have been fairly strong. despite the fact this rate tightening cycle begin a couple of years ago, there is a lab to that -- a lag to that, the economy has done pretty well. when one considers the unemployment rate in the u.s. has been below 4% for over two years, actual
powell. that is probably the biggest driver of equities over the past week, and probably over the coming quarter. whereby inflation has been stubbornly sticky so far this year, and as a result you had chairman powell talk about they have the patience to maybe wait a while before they cut rates. and as a result you've seen the markets start this year expecting six or seven rate cuts, and now they are pricing in one or two at best. the good news is that the markets have done a pretty good job,...
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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 4, 2024
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fed chair jay powell sing the recent data has materially change the overall picture. chris saying we see reduced odds of recession and rate cuts converging towards a goldilocks backdrop. markets are strong with q1 returns driven by -- there was some rotation in march which should continue in a soft landing. chris, let's start there. why can this rotation continue. >> if you believe we're in for a soft landing it sure doesn't feel like goldilocks but the data seems to indicate it is. the small-cap stocks are going to do relatively better and stop hiding out in the mega cap tech expecting higher rates. jonathan: are they to be the winners in the next quarter? >> a little bit idiosyncratic because you're worried about credit issues and real estate obviously. small-cap industrials which do well at the end of last year we expected it to continue to do well for the rest of the year. >> one of your ways of thinking about the world is to select a small number of stocks you invested into a lot of research on. we talk about the macro picture. how much of the macro picture has c
fed chair jay powell sing the recent data has materially change the overall picture. chris saying we see reduced odds of recession and rate cuts converging towards a goldilocks backdrop. markets are strong with q1 returns driven by -- there was some rotation in march which should continue in a soft landing. chris, let's start there. why can this rotation continue. >> if you believe we're in for a soft landing it sure doesn't feel like goldilocks but the data seems to indicate it is. the...
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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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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 17, 2024
04/24
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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 4, 2024
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because we have jay powell, he's the fed chief. he's really the only guy who matters and we should just pay attention to him once a month. i think the whole idea of trying to read the tea leaves of the fed has kept people out of this market for a very long time. i have written and railed about this forever. the people obsessed with the fed are the people who don't make any money. i think it's my job to hem you make money, not do nothing. sorry, that's how i see it. and i'm sticking by it. joseph in new york. joseph. >> caller: yeah. just wanted to see if cramer could make -- i own some shares of procter & gamble. >> okay. >> caller: i wonder if he could just look into it. >> joseph, listen, procter & gamble's terrific. we bought some yesterday. we sold some procter when it burst into the 16s. and now we're trying to rebuild the position. we bought some yesterday and i'm looking to buy more. why? because procter & gamble's what you buy. it's a steady eddie company. whenever it's had a break i've always reached for it and it's been r
because we have jay powell, he's the fed chief. he's really the only guy who matters and we should just pay attention to him once a month. i think the whole idea of trying to read the tea leaves of the fed has kept people out of this market for a very long time. i have written and railed about this forever. the people obsessed with the fed are the people who don't make any money. i think it's my job to hem you make money, not do nothing. sorry, that's how i see it. and i'm sticking by it....
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Apr 29, 2024
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i think i know jay powell very well as a friend he could care less. it's kind of nice to have symmetrical beating up right? >> it is both sides then left with the foibles of, i mean, love jay powell or -- he is having gut feelings about what to do, which aren't always right. >> not just jay powell it's entire committee. >> the entire committee. >> remember, plotting their dots saying we might have three cuts. remember, every time powell has spoken about this he's says -- >> last time he said not ready but really close were we really close at that point? >> i think we're getting closer. >> able to cut why? >> it's not there yet. >> why are we getting closer the last mile seems harder >> it is hard and going to be really hard to get there and they're not going to deter -- no central banker in the world wants to get out of the 2% targets. because it undermines confidence you saet a hard rule and wiggle on it? not going to work. >> i don't know if you saw professor stiglitz last week did you understand the inflation argument and why he said 4, 5%, really
i think i know jay powell very well as a friend he could care less. it's kind of nice to have symmetrical beating up right? >> it is both sides then left with the foibles of, i mean, love jay powell or -- he is having gut feelings about what to do, which aren't always right. >> not just jay powell it's entire committee. >> the entire committee. >> remember, plotting their dots saying we might have three cuts. remember, every time powell has spoken about this he's says --...
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>> i don't know when they ever had it but they went over the top when jay powell printed $9 trillion distorting every thing in the latest distortion is who wants to sell a house that is 3% mortgage when traded in for 7%. %. that 3% mortgage was engineered by one man and his whims and its haunting a lot of the housing market and where it stops beats the heck out of me. i don't think they do anything for anybody. we are the engine of the economy and we do a heckuva job on a daily basis. stuart: got it, thanks for being with us, see you again soon i hope. stocks moving this morning, wayfarer. lauren: they are raise to outperform and an $80 price target basically says this is a company that has its blank together. they've initiated two years, $2 billion of cost cutting and the home furnishing market will recover the second half of this year so it is coming, it's here and wayfarer will be one of the few retails that will benefit from it. stuart: levi strauss, one of the most woke companies in the world. they've raised their annual profit forecast. >> because of cost cutting. stuart: 17%.
>> i don't know when they ever had it but they went over the top when jay powell printed $9 trillion distorting every thing in the latest distortion is who wants to sell a house that is 3% mortgage when traded in for 7%. %. that 3% mortgage was engineered by one man and his whims and its haunting a lot of the housing market and where it stops beats the heck out of me. i don't think they do anything for anybody. we are the engine of the economy and we do a heckuva job on a daily basis....
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Apr 11, 2024
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i have to state this was the worst scenario is when jay powell trended $9 trillion inflation, the second worse is what president biden is doing right now. we are going to be running the 2 to $3 trillion deficit this year and every year going forward and it gets worse if we go into a recession where interest rates go higher. that is as inflationary as inflationary as can be, he has done on purpose to win back the election thinking it will go to gdp but in the long run it will add to inflation and a big way and watch what gold has been doing, we own gold now and it has gone to all-time highs and persistent on a daily basis, the markets are speaking loud and clear here. stuart: so your answer to this inflation problem is to go into energy and commodities, oil, you are an energy and oil stocks i believe? >> i did not play them. i played the gold but that's what's working. not every, daddy, the grains are we, the crv index of 19 commodities nearing a high of 2011. it speaking loud and clear, the fed is nonplussed about it, the fed had better watch interest rates. if the tenure goes to 5%, i h
i have to state this was the worst scenario is when jay powell trended $9 trillion inflation, the second worse is what president biden is doing right now. we are going to be running the 2 to $3 trillion deficit this year and every year going forward and it gets worse if we go into a recession where interest rates go higher. that is as inflationary as inflationary as can be, he has done on purpose to win back the election thinking it will go to gdp but in the long run it will add to inflation...
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Apr 29, 2024
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jay powell is expected to hold steady. u.s. data continues to run hot and we will run down payrolls friday. looking ahead to big events around the table. let's start with payrolls and skip the fed. 250 is an estimate so are you looking for a punchy number? >> we are but we are looking for a number which is arguably more important. a supply-side story. jonathan: how much weakening are begetting? >> if you look at the cbo numbers where they were a year ago, it's about 2 million more people per year than they previously expected. this is why we are talking about 200 50 type numbers and we are not that scared. sarah: we are looking for higher inflation and people are spending money but are the wages going up because we've got an influx of people? that's where it's a tough thing from an economic standpoint because wages cannot move up as fast if i plenty of labor supply. people are getting hired but are they dealing with the fact that goods have gone up in terms of pricing in the levels haven't come down? >> when you look at the sta
jay powell is expected to hold steady. u.s. data continues to run hot and we will run down payrolls friday. looking ahead to big events around the table. let's start with payrolls and skip the fed. 250 is an estimate so are you looking for a punchy number? >> we are but we are looking for a number which is arguably more important. a supply-side story. jonathan: how much weakening are begetting? >> if you look at the cbo numbers where they were a year ago, it's about 2 million more...
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Apr 16, 2024
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coming up, looking ahead to fed chair jay powell's comments later this afternoon. from new york city, this is bloomberg. ♪ (upbeat music) there's more to business than the business you're in. if you use data, that's the privacy business. manufacturing on demand? you're talking cloud business. got a few million hyper-connected customers? digital experience business. that was fast. that's where deloitte comes in. with the right combination of talent and technology to help advance and connect all that it takes to excel in business ... to the business i'm in. deloitte. jonathan: a shaky start to the weekend global markets. stocks are down. let's check it out, stocks down and yields up, a repeat of monday, just less aggressive. on the nasdaq, we are down 0.4. small caps down by 0.9. tech is outperforming, then it got hammered, i can't keep up. every industry group was a negative territory at the close yesterday. the two-euro, 4.9 five. up another 45 basis points on the 10-year to 4.64. the front end of the curve, on the 10-year up more than 40 basis points, a repricin
coming up, looking ahead to fed chair jay powell's comments later this afternoon. from new york city, this is bloomberg. ♪ (upbeat music) there's more to business than the business you're in. if you use data, that's the privacy business. manufacturing on demand? you're talking cloud business. got a few million hyper-connected customers? digital experience business. that was fast. that's where deloitte comes in. with the right combination of talent and technology to help advance and connect...
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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 24, 2024
04/24
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they will be looking at jay powell. no one is expecting him to do anything new on policy. they will be looking at the news conference. everybody looked at december. a dovish stance. i'm not sure i see as much of that. now there is thinking that maybe they pivoted the other way. i'm not sure they will see it that way. jonathan: thank you. it is like staring at the sun. positive by one third of 1%. do not stare into the sun. as nowadays said? do not stare at the sunshine? lisa: i wanted to go over to the people wearing two pairs of sunglasses and say, no. jonathan: all the attention on the dollar-yen, briefly breaking. the dollar-yen. we have gone through so many numbers. why is this one anymore important? lisa: you are camping up the pressure and raising the question of come if they are not going to intervene here, than what is next? what do they worry about? that is really the question. at what point is it taken off the table? jonathan: maybe now is not the time? when the liquidity is low and you want more bang for your buck. go through those numbers. mike: seven point $5
they will be looking at jay powell. no one is expecting him to do anything new on policy. they will be looking at the news conference. everybody looked at december. a dovish stance. i'm not sure i see as much of that. now there is thinking that maybe they pivoted the other way. i'm not sure they will see it that way. jonathan: thank you. it is like staring at the sun. positive by one third of 1%. do not stare into the sun. as nowadays said? do not stare at the sunshine? lisa: i wanted to go...
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powell is saying and friday he made it very clear, he's in no rush, he could hold rates as long as he needs to end the market, the economy is not spinning off the edge. therefore, there's no reason, the data does not support a rate cut. once the market really understands that and i think we will see a pullback and some turn and the market will focus on earnings and what is expected to be a better earnings season next week and what the future guidance will be but i want to see the market back. today is not a pullback by any stretch. we are not -- we are done not even a half a% so we need to see five, six, 7% to be more of a significant pullback. >> on the floor of the new york stock exchange, how closely are they watching that ai excitement? is a piece in the "wall street journal" that says it's no longer magnificent, more like fabulous for so either you see names like google, apple and tesla yet when you look at nvidia, micron today ticker symbol and you sending 52 week high $127, it's going back down lightly that 5% gain, pretty impressive and you wonder if tech is the narrative beyo
powell is saying and friday he made it very clear, he's in no rush, he could hold rates as long as he needs to end the market, the economy is not spinning off the edge. therefore, there's no reason, the data does not support a rate cut. once the market really understands that and i think we will see a pullback and some turn and the market will focus on earnings and what is expected to be a better earnings season next week and what the future guidance will be but i want to see the market back....
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Apr 5, 2024
04/24
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in the last conference jay powell said talking about the strong labor market that on its own it would not be sufficient to put off what he expects to be rate cuts beginning later this year. >> sandra: but he was speaking, mohamed, at this forum at the stanford graduate school of business. this happen wednesday this week, okay? this is two typical. he reiterated officials have to be cautious they decided to lower rates, listen. >> we do not expect it will be appropriate to lower policy rate until we have greater competence in inflation moving sustainably toward 2%. >> they said what? you said rate cuts are coming but mohammed, they can't to lower interest rates where prices are still on the rise. >> sandra, what they have to do is lower interest rates because they're going to argue that inflation is coming down. while prices will still go up, they will go up at a much slower rate. and they will look at today's employment numbers and say sure, we created 303,000 jobs much more than 200,000 people expected but look at the amount of workers in the labor forest. look at wage growth it went
in the last conference jay powell said talking about the strong labor market that on its own it would not be sufficient to put off what he expects to be rate cuts beginning later this year. >> sandra: but he was speaking, mohamed, at this forum at the stanford graduate school of business. this happen wednesday this week, okay? this is two typical. he reiterated officials have to be cautious they decided to lower rates, listen. >> we do not expect it will be appropriate to lower...
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Apr 29, 2024
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we're awaiting comments from jay powell on wednesday, could be market moving comments. the word on wall street panel is here with expectations. the race for the white house heats up as as president biden is now the least popular commander in chief in 70 years. our election panel is here discussing the state of the race and the state of the economy at 8:30 a.m. eastern. you're watching "mornings with maria" live on fox business. we'll be right back. ♪ what is love. ♪ don't hurt me. ♪ don't hurt me no more. ♪ whoa whoa whoa. ♪ moving forward with node-positive breast cancer. my fear of recurrence could've held me back. but i'm staying focused. and doing more to prevent recurrence. verzenio is specifically for hr-positive, her2-negative, node-positive early breast cancer with a high chance of returning, as determined by your doctor when added to hormone therapy. verzenio reduces the risk of recurrence versus hormone therapy alone. diarrhea is common, may be severe, or cause dehydration or infection. at the first sign, call your doctor, start an antidiarrheal, and
we're awaiting comments from jay powell on wednesday, could be market moving comments. the word on wall street panel is here with expectations. the race for the white house heats up as as president biden is now the least popular commander in chief in 70 years. our election panel is here discussing the state of the race and the state of the economy at 8:30 a.m. eastern. you're watching "mornings with maria" live on fox business. we'll be right back. ♪ what is love. ♪ don't hurt me....