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July 16, 2024
To lift tariffs in phases as the deal makes forward progress, but it may not get signed until december. The bank of england could cut growth and inflation estimates parties the u. K. Major suffer highlevel resignations. Commerzbank cuts its outlook. Good morning, matt. We need to talk about these latest headlines coming through on trade. They certainly move the market narrative. Matt they really are moving the market. Futures were little changed just about 30 minutes ago when these headlines cam...
July 16, 2024
President trumps criticism . Yesterday the president called for lower Interest Rates just like our foreign competitors. Event that far from now the market opens, interesting on the day impeachment hearings to start, stock prices are out at record highs in the dow jones will be down about 80 points. Closed unchang. Statistically unlikely, but it happened and s p 500 down about a, nasdaq down about 20, no serious selloff at the opening bell a halfhour for now and then there is this, extraordinary ...
July 16, 2024
Federal reserve. Thank you, chair powell, for coming to our committee today to testify on the economy. We know youre on a tight schedule and in order to keep you on schedule and ensure all members have an opportunity to ask questions, i ask unanimous consent to deviate from the fiveminute rule. Members will be recognized during the questionandanswer succession for three minutes without objections and the Ranking Member and i will be recognized for five minutes instead of ten. So ordered. Per agr...
July 16, 2024
Thank you for putting up with me one more time. Can i have your attention prick what is my great privilege to introduce the senator from new york, senator schumer. [applause] my thank you to those who are working on these issues which is so important of National Security and to the future economy as well to combine. So thank you for the commission and the good work it has done thank you for getting me to speak here. When congress set up the commission i cannot think of two bitter people to lead ...
July 16, 2024
An independent voice and is someone willing to strike out on issues that may be other opinions are not willing to strike out on. Guest sometimes i think im a lonely voice. If you believe in balanced budget or believe we should spend less or have a limited Constitutional Government really controversial things like that, limited Constitutional Government, unfortunately we never get the other side but then we lose a lot on our side that are better at it. That is one of my frustrations and i tried v...
July 16, 2024
Brexit and Global Stabilization may mean a gradual may mean gradual hikes, but they did change the ascension on brexit for their latest projections. They wound up looking at brexit for their latest projections. They see inflation not hitting 2 until two years from now. Most importantly, two dissented and voted for a rate cut up when he five basis points. We are joined by bloombergs nejra cehic outside the bank of england. You are looking at these headlines the same way i am, as they come out. Wh...
July 16, 2024
Verdict, all counts. Ignores what was pretty intriguing morning session on capitol hill, the Second Public impeachment hearing. Slugs shrugs it shoulders keeps buying. What do you think . If they dont beat expectations Interest Rates will fall enough to help the downside risk. Worldwide Economic Data is not all that great. The market is very confident that there is some sort of safety net out there, safety net taking form of lower Interest Rates if needed. Neil all right. So if we have the dow f...
July 16, 2024
Of the Rugby World Cup with a stunning win against defending champions new zealand in yokohama. Thats how we thought i would play and we hope they would play and they did. Everything the dup leader, everything Arlene Foster, vows to keep opposing borisjohnsons brexit deal unless changes are made. We will not give support to the government when we believe they are behaving fundamentally wrong. Millions of californians face having their power cut, as the state battles a surge in wildfires. And com...
July 16, 2024
Sector when its in their best interest when the care is better or specialized care is available thats not in the va. I think we all believe that should be available. Watch book tv every weekend on cspan2. Federal reserve chair Jerome Howell announced a ab following the announcement he took reporters questions regarding the action and the economic outlook. Good afternoon and welcome. My colleagues at the Federal Reserve and i are dedicated to serving the american people. We do this by steadfastly...
July 16, 2024
Capitulation which will bring us another leg higher in yields. We have seen some capitulation. You will continue to see pressure on yields. Lower bond yields from here the market would not like. If this reverses, it reflects significant deterioration in macro. The market has come around to the view that maybe we are not going into recession but Slower Growth environment. A substantial amount of Institutional Investors that perhaps have overweighted duration. You want to buy duration here because...