Page 32 - Consensus Forecast News Today

Investors pile into real estate with hope of better returns Print Peter T. Martenson said investors have firepower and are ‘feeling good’ but also realize that ‘the world could change at any moment.’ After a three- to six-month coronavirus-induced pause, investor interest in real estate is ramping up as a source of yield in a low-interest-rate world, which is expected to continue into 2021. Industry insiders anticipate growing rents in niche sectors, including data centers, medical offi...

Yesterday, a day after the market struggled with the fed cut knowing it will have an impact on the markets but let me switch gears because theres data coming out. the july jobs report coming out later this morning. a lot of people are watching that. what can we expect? >> well, the consensus forecast thats like a ton of different economists looking at this and saying that theyre 165,000 jobs to be added in the u.s. economy. theyre looking to see the unemployment rate dip slightly down to 3.6%. a...

The private sector. 288,000 overall again, above consensus forecast. across the board. we saw professional business services leading the way. generally good paying jobs followed by retail and even construction adding about 29,000 jobs, despite the weather. and the expectation was, frankly, weather and layoffs in the energy industry due to those falling oil price was going to be drags on the employment report. so very strong report. when you look at the breakdown of that 5.5% unemployment rate th...

The gdp rise is not fast. >> greta: do they expect that the economy will show real growth between now and november because that has a political ramification for the president? >> interestingly, the pace of gdp growth doesnt imply that were going to see a big drop in unemployment and that -- >> greta: thats a leg indicator. you might see retail sales go up and other things go up faster, which makes people feel better. >> so right now, gdp growth is not going to be great. it is 3% and expected to ...

Pace of the recovery. >> greta: whats the plan? i mean, is there a plan and we wait and see to see if it evens out that we -- there is a greater demand and so that revs up the economy and the oil prices? sore is there a concerted effort by the imf or by the obama administration to make sure that that sluggishness gets a little gas? >> one thing that has been relatively good for us, obviously, last year, we had the issue where japan suffered a terrible tsunami and japans a very, very big country ...

Pace of the recovery. >> greta: whats the plan? i mean, is there a plan and we wait and see to see if it evens out that we -- there is a greater demand and so that revs up the economy and the oil prices? sore is there a concerted effort by the imf or by the obama administration to make sure that that sluggishness gets a little gas? >> one thing that has been relatively good for us, obviously, last year, we had the issue where japan suffered a terrible tsunami and japans a very, very big country ...

The gdp rise is not fast. >> greta: do they expect that the economy will show real growth between now and november because that has a political ramification for the president? >> interestingly, the pace of gdp growth doesnt imply that were going to see a big drop in unemployment and that -- >> greta: thats a leg indicator. you might see retail sales go up and other things go up faster, which makes people feel better. >> so right now, gdp growth is not going to be great. it is 3% and expected to ...

I think the way its going to be on friday is going to depend on that jobs report. non-farm payrolls for february, 192,000 seems to be the consensus forecast. more than that, we could see the dow rising and we could see it falling if its less than that. in terms of thursdays session, the gains there were due to falling oil prices and good news on unemployment claims. looking forward to a good non-farm payroll, as well. allison kosik has the details. >> a pullback in oil prices gave stocks room to...

March. thats the largest gain in three years. >> but the unemployment rate is still stuck at 9.7% unchanged for the third straight month. christina romer chairs the presidents council of economic visors and joins us live this morning. your first reaction to these numbers. i know the consensus forecast was to add 200,000 jobs. you got close to that, 162,000 jobs. are you pleased with that? >> you know, i think ive been out here a lot of days in the rain announcing some pretty bad numbers. we have...

Todays march job report is a small step forward. savannah guthrie and ron brownstein is joining us. the president was looking on the bright side but they dont want to go out too far. everyone remembers what happened in 1992 when george herbert walker bush sounded too positive about a declining economy and got slammed. >> yeah. i think they are pleased to see some job growth. the consensus forecast was to add 200,000 jobs and the economy added 168,000 jobs, about a third ever them from census hir...