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July 16, 2024
Uncertainty surrounding trade, sparking a rush into safety. That leads to a u. S. Yield curve that inverted wednesdayish, as i recall, the First Time Since 2007. The recession is avoidable. Even when you see the yield curve invert. That does not necessarily mean we are going over a cliff into recession. It tends to be about 18 months earlier than you see recession. This is about traditional signals of the yield curve. Talking about the curve inversion. Inversion. 2 10 inversion. The risk of rece...
July 16, 2024
Right before another president ial election. The big worry is uncertainty about trade. The u. S. Is threatening to ramp up tariffs on china, and it isnt clear when it will stop. Corporate executives say the uncertainty is making them less inclined to make new investments until the coast clears. Meantime, economies in the rest of the world are slowing. Now, in times of trouble the Federal Reserve usually cuts Interest Rates to make it cheaper for businesses and households to borrow, invest and sp...
July 16, 2024
The day. This is sort of translating over into the equity markets as well. The risk off tone continues after a 3 selloff yesterday. We got some of that tension in the last two hours or so, with china saying we violated the agreement given the 10 tariffs. They are vowing to retaliate. We have a read now on the u. S. Consumer. Walmart earnings are coming out. Let me jump over to that. The risk off sentiment continues. David earningspershare was a beat, 1. 27. Their target comps beat estimates, sam...
July 16, 2024
To undermine hong kong protests. What the company say theyre doing about it. And peering into palantir. Our exclusive conversation with the ceo of text most secretive and exquisite companies. Alex karp tells us why protesters wont stop them from doing business with the Trump Administration. But first, u. S. Announced this week it would extend a limited set of exemptions that protected Rural Networks and other customers from a ban on doing business with chinas huawei. This comes as the trade war ...
July 16, 2024
She has mentioned that she is continuing the existing work that has been conducted by Police Complaints council. They mentioned a couple of dozen to 100 or so that came through as of her last week when she also spoke with reporters then. One interesting line she says she doesnt agree with an independent inquiry, one of the key demands from the protesters. Rishaad looking for a dialogue. She doesnt believe in having an independent inquiry, one of the demands the protesters were making. David the ...
July 16, 2024
Todayreasuries are posted closed today because of labor day. If you are americans watching us, happy labor day. This is the picture for eurodollar. 1. 09. Have the german figure a short while ago that was worse than expected. The european stoxx 600 gaining but it is all about the trade war. Up, we speak to the chief economist at 10 00 a. M. London time. Lets get to first word news. It is Sebastian Salek. It forced 185 mileperhour winds and could top 23 feet. It may leave the islands devastated. ...
July 16, 2024
States of emergency along the southeastern sea board with florida, georgia and the carolinas are null the strike zone all in the strike zone. We will have the latest forecast and we will speak with North Carolina governor roy cooper about the preparations underway in his state. But first, police now looking into a motive for a deadly mass shooting in west texas. They say a gunman opened fire on officers during a traffic stop on an interstate, i20 near midland then took offshooting at people rand...
July 16, 2024
Some scratching their heads. It is thursday, august 1 au starts right now. Sno its a brand new day. Cheryl welcome to fbn a. M. And good morning. I am Cheryl Casone. Lauren good morning, im lauren simonetti. Are you feeling calmer this morning . Cheryl well, a lot of pepto bismol yesterday. Futures are actually moving weve seen this almost every day this week. Youve got a big selloff and the next morning in the futures market you get a boost or vice versa. Right now were seeing green arrows, the...
July 16, 2024
Two years that i hope we have a recession. A recession would be very worth getting rid of donald trump. There are plenty of signs of a possible recession. If we did face a recession, it would be normal and it will be okay. Is there a wing of administration that wants to be tough in china . Even those realizing the importance of getting a deal done with china if they want to have a job four years from now. The president today reminded all americans of the beijing decades of poetry trade practices...
July 16, 2024
That job, too. Has that occurred to you, that you could do the job, and would you have any interest in running for president at some point in my life . Sec. Pompeo i try to answer this consistently. I have never been able to predict what my next gig will be. Would you fix your tie, please . David well, people wouldnt recognize me if my tie was fixed, but ok. Just leave it this way. All right. I dont consider myself a journalist. And nobody else would consider myself a journalist. I began to take...