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July 16, 2024
Coming in better than estimated at 18 billion, adjusted earnings coming in at a beat as well. To thears adjusted high, crushing estimates. That stock is up now by 7 10 of 1 . Going to be interesting to see the commentary on the call as well. Guy we were watching david we were watching ups particularly because they are sensitive to Global Growth and trade flows. The fact they did so well is really encouraging. Ceo atspeak with the ups the noon hour on balance of power. We have General Dynamics ou...
July 16, 2024
The committee will come to order. Without objection, the chair is authorized to declare recess of the committee at any time. This hearing is entitled Monetary Policy and the state of the economy. I recognize myself for four minutes to give an opening statement. Today this committee convenes for a hearing on Monetary Policy and the state of the economy. Chairman powell, welcome back. Today i would like to start by addressing the current elephant in the room when it comes to Monetary Policy and th...
July 16, 2024
Introduction of new items . Seeing none, Public Comment is closed. Mr. Clerk, please call the next item. Any Public Comment on items not on our agenda . Seeing none, Public Comment is closed. And mr. Clerk, do we have any further business . No other. Chairman we are adjourned. My s. F. Dove government t. V. Moment was when i received a Commendation Award from supervisor chris daly. Then we sang a duet in the board chamber. [singing] happy anniversary San Francisco government t. V. Happy annivers...
July 16, 2024
Accusing facebook of misleading investors as the doj launches this antitrust review. Corporate earnings going to be weighing on some stocks at least this morning boeing and caterpillar disappoint trade worries remain u. P. S. Shares sinking ahead of the open. Profits soaring more than 13 for the quarter. David abney joins us first on cnbc this hour facebook up first. Three different Government Agencies today, the ftc formally announcing that record 5 billion settlement with the company over priv...
July 16, 2024
Lisa but interestingly, they also took down their loan loss estimate, so that basically speaks to the strong consumer. The question is if wall street revenues dont pick up and trading volumes dont pick up, will it be enough to have a strong consumer to drive Bank Earnings Going Forward . David it is not just jp morgan. It is also Johnson Johnson. We got earnings from them, and they beat on earningspershare and revenue. 2. 58,spershare was revenue was 22 billion. It was driven by pharmaceuticals,...
July 16, 2024
Warranted in order to shore up Inflation Expectations and a couple participants james bullard, one of them, wanted to acut rates to allay concerns about inflation the minutes show officials felt the increase in uncertainty was a relatively recent phenomenon and there had been staff discussion about the sensitivity of markets to the trade fights with mexico and several officials felt they wanted to wait for more information on the trajectory of the economy before reaching a final conclusion. Howe...
July 16, 2024
Down from yesterday. We can see the glaring red in australia, that is what is following the u. S. Treasury move we saw overnight. 10 year aussie bonds up 10 basis points. They yelled at the moment. Yield at the moment. Take a look at treasuries. Yield, we areear well above 2 at the moment. We are slightly lower in the asian session. 2. 13 for your 10 year yield. With the japanese 10 year, jjb at 10 basis points. Speaking of the trade data, it hasnt looked pretty in china. China,prise index for e...
July 16, 2024
The education and Labor Committee here. I am going to introduce her in just a moment to talk about wage, but first, i wanted to talk about whats gone on over the last few days. I want to make absolutely clear that our opposition to our socialist colleagues has absolutely nothing to do with their gender, with their religion or with their race, it has to do with the content of their policies. Theyre wrong when they attempt to put socialism on the American People, wrong when they would steal power ...
July 16, 2024
Over the last fewdays. I want to make it absolutely clear that our opposition to our socialist colleagues has absolutely nothing to do with the gender, with their religion or with their race. It has to do with the content of their policies. Wrong when they attempt to impose socialism on the American People, theyre wrong when they pursue policies that seal policy power for the American People and get back to the government. Wrong when they espouse and enable their leadership refuses to condemn vi...
July 16, 2024
High for more on what powell said and what we learned from todays fed minutes, senior economics report Steve Liesman is here. In the house. Onset in the house how am i supposed to cover the Federal Reserve when you put up a graphic like powellpalo oo, za what is wrong with that it captures the sentiment celebrate good times i was doing that. If you goad them in the control room, they will take the bait every time yes. So i think it was powellpalooza is not a bad way to characterize it it had eve...