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July 16, 2024
Economy. Well be looking for things affecting the outlook of the u. S. Economy, particularly as it relates to zblrchlts all those things in principle can affect the achievement of our goals its an unusual situation because you know the u. S. Economy itself, the largest part of it, the consumer part of it, is in strong shape the manufacturing part, less so. Overall you see an economy that generally forecast shows growth similar to our own forecast coming in at about 2 . Significant risks to that ...
July 16, 2024
Within reach stocks set for a higher open bullard still sounding the alarm for the economy and manufacturing. Apples moment of truth, the iphone 11 hits stores globally will it move the needle for investors . And washington versus big tech, Mark Zuckerberg meeting face to face with some of his harshest critics on capitol hill, including a surprise trip to the white house s p is aiming for a fourth straight day of gains as we wrap up the week. Volatility could be in the mix, given it is quad witc...
July 16, 2024
Cut wall streets Immediate Reaction was pure suspicion. Oh, he doesnt have the heart in the rate cut hes not as worried as he should be hes being dragged kicking and screaming to this rate cut because things are weaker overseas, not here thats why the averages initially got hammered before the market peoplely came to its senses later in the afternoon. Dow only closing up 36 s p advancing 0. 03 and nasdaq declining 0. 11 . The u. S. Economy does have a lot of strength. It does. The rest of the wo...
July 16, 2024
The private equity giant 3g capital sold 20 million shares but there is a reason behind it. Stocks are set to open slightly lower well start off with that wework news, of course sort of trickling out yesterday, after the close. A delay in the planned Public Offering that has been so, well, such a focus over the last few weeks. As the price at least that wework thought it would get for its shares has rapidly declined over concerns about its Business Model, over concerns about governance, ever sin...
July 16, 2024
You are in for a real treat. I am so excited to host this debate. Its pretty rare to have an ideological debate about these things. I certainly think that is a conservatives we benefit when we understand the other sides perspective. Are not shooting down the others issues on this. We have with us steve moore he was a trusted advisor to president donald trump. At the Heritage Foundation and a colleague at the wall street journal. We also have Bhaskar Sunkara the editor of the jacobin. Is called t...
July 16, 2024
Joining us for the entire hour is dan nathan, founder of risk reversal advisers. Welcome back to you. Sara. So theres something youre looking at about the s p 3000 level and fed meetings if you go pack to july 31st, the last time that the fed met, they cut a quarter basis points Interest Rates the first cut in ten years and the stock market was above 3,000. And and it wasnt until the trump tweet the next day that we broke down and stayed down all of augusts here we are now, expectations are for ...
July 16, 2024
Your top holder of u. S. Treasuries. Julyse holdings fell in 2. 2 billion. Certain that it is something that will come up in the fomc meeting tomorrow. What they think the u. S. China trade war means in terms of policy as well. Caroline lets dive deeper on the action. Abigail lets continue the conversation on energy that you all were just having and brent oil into the picture. Higher on theke attack on the saudi oil facility. What goes up must come down. Today, down about 7 . Huge whip saws. Com...
July 16, 2024
Conference calls later this hour fire sale. Sharps at nordstrom down almost 10 today. The traders assess the damage. Plus would you rather . Home depot getting the downgrade after lowes gets the upgrade whether they nailed it or not. In taste you hadnt heard foam is fed day steve leastman lays out the big picture from the fed survey. Wall street expects the Federal Reserve to cut Interest Rates tomorrow amid growing concern about economic weakness recession fierce and the trade war. 100 of respo...
July 16, 2024
Shery take a look at how markets are trading at the moment. We saw u. S. Futures unchanged but the s p 500 gaining. 25 in this session. We had seen u. S. Stocks drifting throughout the session. Saw gains toward the end of the session. Not to mention that Energy Stocks were the biggest losers at the end of the session. Wti coming back under pressure again, down. 7 , and below that 60 a barrel level. We had banks also underperforming the broader markets. We saw the 10year yield pull lower toward 1...
July 16, 2024
When we are not sending down stroman on this. It is my pleasure to introduce our new panelists if i can find my spot. Moore awith us steve trusted advisor to president trump. At the Heritage Foundation, a anmer colleague and we have editor and the author of a book on socialism. I am not finding my notes. The socialist manifesto. The format for today, we are going to have Opening Statements and do a rebuttal. Im going to ask difficult questions. We are going to take questions from the audience. W...