Page 3 - Bob Michael News Today

Day. Did chairman jay powell thread the needle. Thread the needle lets put it this way. When he opened the door to another round of quantitative dsh another round of getting the Balance Sheet back up to where it was, to me that was the reason why the market, the dow went down 170 to base cheh unchanged on the day in that regard maybe he said what the market needed to hear in terms of myself, you know, sometimes you have to be you have to be confident in views. But there is a fine line between co...

Stocks are rocketing higher u. S. And china are returning to the table for a new trade talk s p 500 is less than 2 away from new all time high is everything awesome again, guys hi. That song is annoying. I got annoyed we danced to that it is your ringer steve and i it was a great day. Any who coo coo for cocoa puffs remember that . I think pete may have talked about it is the fact that the chinese tweeted this and it was not president trump. So maybe that changes the tune a little bit i think we...

Capitol hill falls far short of democrat hopes. And the greatest brexit cheerleaders says its time to act decisively to pull the country out of the european union. Lets get you started with a quick check of how markets closed the wednesday session here in the u. S. It was a mixed picture across markets in the u. S. Picture, but you can see, of course, that the s p 500 rallied to another record high. We have very strong numbers out of ups with its profit guidance. Higher. Aq also closed Texas Ins...

Institute for research for catholic studies at au. I just confirmed with him a few minutes ago something that i thought might have been unlikely but its true. He has two books hot off the press just in the last few months. These arent just any presses. From Cambridge University press his book legislative hardball, House Freedom and power of threat making in congress, and a few months before that, choosing the leader, u. S. Elections in the u. S. House of representatives which looks like this, be...

Election lecture series like last time he is professor of politics at Catholic University and associate fellow at the institute for policy research and catholic studies at a you. I confirmed a few minutes ago that i thought may have been likely. He has two brooks books hot off the press in the last two months. From Cambridge University press his book legislative hardball, the House Freedom caucus in the power of threat making in congress and then a few months before that, leadership elections in...

Overall gdp number. Headline gdp growth is in line with what everyone expected. Wage growth, Income Growth has been relatively strong. Government spending data, quite strong. There is some upside risk to the economy. The consumer and the labor market side of things is looking quite good, but manufacturing is under pressure. There is clearly a pretty significant dislocation between the industrial economy and consumer economy. It is the composition of the data here that is worrying the fed. There ...

To fresh record highs. We start with the big issue. Signs of optimism heading into the g20. The lack of bad news is probably good news. Kicking the can down the road would be just fine. We probably will end up with a standstill agreement. Not to disagree so violently that trade talks break down. You get a reset to restart the discussions. Further discussions. Further meetings. Well continue talking. If things go bad, we could be panicking on monday. Lets say theres an escalation. They storm away...

Signs of optimism heading into the g20. The lack of bad news is probably good news. Kicking the can down the road would be just fine. We probably will end up with a standstill agreement. Not to disagree so violently that trade talks break down. You get a reset to restart the discussions. Further discussions. Further meetings. Well continue talking. If things go bad, we could be panicking on monday. Lets say theres an escalation. They storm away from the bargaining table. The fed will probably cu...

We start with the big issue. Signs of optimism heading into the g20. The lack of bad news is probably good news. Kicking the can down the road would be just fine. We will probably end up with a standstill agreement. Not to disagree so violently that trade talks writedown. You get a reset to restart the discussions. We will continue talking. If things go bad, we could be panicking on monday. Lets say there is an escalation. They storm away from the bargaining table. The fed will probably cut by 5...

If the fed ends up cutting, it will probably be somewhat supported. We now know the fed has our back. Fed rate cuts probably stimulate animal spirits in the economy. It is going to weaken the dollar, which will help multinational companies. We get a bit of an all clear signal here that it will be fine. They want to sustain the expansion. Are we going to get gangbusters returns . No. But where you going to put the money . The fed feels it is an orchestrated market and that frustrates a lot of peo...