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July 16, 2024
Within the dow. Take them out of the picture, things wouldnt be as bad as they are now. Were well off the earlier lows, down 400 points, down about 165 points but also fueling this, offsetting this if you will is talk of progress on that stimulus front. You remember where they were looking for republicans, another 250 billion for the Paycheck Protection Program . Well they ran into a buzzsaw of criticism from democrats that argued it was too tilted to business so they wanted to make assurances f...
July 16, 2024
Delivered. Bonds are performing a bit better now, a tightening of the spread, 2004150 is where we are trading right now. In the u. S. We are seeing gains in spite of the initial jobless claims figure that put shivers down your spine. Stocks are just going the other direction. The s p 500, up 1. 4 . The nasdaq, running away with things once again today. All but three sectors in the s p are higher. You can see that there is definitely a risk. Belowoil is still well 18 per barrel. Gold is continuin...
July 16, 2024
Stronger then expected. It is year on year for the month of december. In terms of fixed Asset Investment, we are looking. Investment for december. Context stabilizing. Of the early indicators are looking robust. Of course, some of at the localimulus government level, supporting fixed Asset Investment. We are looking at the bottom of this slow down. Lets send it to our next guest. Next guest. Theuse i would say that december number was picking up further. Especially with the help of more , i woul...
July 16, 2024
Thats across Bloomberg Television and radio. Manus nejra, very good morning to you. Its daybreak europe. There is only one topic. What is going to be discussed in davos in regards to Climate Change . Theres a wonderful piece. Central banks, does this week set the table for Central Bank Policy . What will the shift in gears from the ecb really tell us about the outlook for inflation in europe . Nejra yeah, theres a fantastic piece on the uber talking about peak decade. This is something that will...
July 16, 2024
Extraordinary development. The former new york fed president says the Federal Reserve should not quote, bail out an administration that keeps making bad choices on trade policy. Hes gone political. Dont lower rates to help trumps reelection . An antitrump guy urging the fed to work against President Trump . You got to sthak yohake your he that one. Unfortunately, thats what most financial people are saying today. Hes wrong. Now the market. Even with a sharp yield curve inversion, stocks show a s...
July 16, 2024
Overarching goal, to sustain expansion for the benefit of the american people. At the fomc meeting that included today, we maintained our policy Interest Rate but made significant changes to our statement. Since the beginning of the year, we have judged our policy stance was probably appropriate and we should be patient in assessing the need for changes. In light of increased uncertainties and muted inflation pressures, we emphasize the committee will monitor the implications of incoming informa...
July 16, 2024
Significant changes to our statement. Since the beginning of the year we have judged that our current policy stance was broadly appropriate and that we should be patient in assessing the need for any changes. In light of increased uncertainties and unit inflation pressures we now emphasize the committee will monitor the Economic Outlook and will act as appropriate to sustain the expansion with a strong labor market and inflation near its 2 objective. Id like to take a step back to review how the...
July 7, 2024
Our headline event with Jennifer Granholm. We are happy to accept your questions and i will ask as many as time permits. Said to semitic westin online, email headliners atpress. Org and put energy in the subject line. For our cspan and public radio audiences, be aware that in the audience today are members of the general public. Any applause you hear is not necessarily from the working press. Three years ago this week, Jennifer Granholm was sworn in as the 16th secretary of energy to lead the Bi...
July 7, 2024
Our headline event with Jennifer Granholm. We are happy to accept your questions and i will ask as many as time permits. Said to semitic westin online, email headliners atpress. Org and put energy in the subject line. For our cspan and public radio audiences, be aware that in the audience today are members of the general public. Any applause you hear is not necessarily from the working press. Three years ago this week, Jennifer Granholm was sworn in as the 16th secretary of energy to lead the Bi...
July 7, 2024
Our headline event with Jennifer Granholm. We are happy to accept your questions and i will ask as many as time permits. Said to semitic westin online, email headliners atpress. Org and put energy in the subject line. For our cspan and public radio audiences, be aware that in the audience today are members of the general public. Any applause you hear is not necessarily from the working press. Three years ago this week, Jennifer Granholm was sworn in as the 16th secretary of energy to lead the Bi...