Page 6 - Bob Michael News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Overall gdp number. Headline gdp growth is in line with what everyone expected. Wage growth, Income Growth has been relatively strong. Government spending data, quite strong. There is some upside risk to the economy. The consumer and the labor market side of things is looking quite good, but manufacturing is under pressure. There is clearly a pretty significant dislocation between the industrial economy and consumer economy. It is the composition of the data here that is worrying the fed. There are pockets of weakness. Potential u. S. Gdp is less than 2 . We do see a further deceleration in th...

To fresh record highs. We start with the big issue. Signs of optimism heading into the g20. The lack of bad news is probably good news. Kicking the can down the road would be just fine. We probably will end up with a standstill agreement. Not to disagree so violently that trade talks break down. You get a reset to restart the discussions. Further discussions. Further meetings. Well continue talking. If things go bad, we could be panicking on monday. Lets say theres an escalation. They storm away from the bargaining table. The fed will probably cut by 50 basis points, not 25 in july. You dont n...

Signs of optimism heading into the g20. The lack of bad news is probably good news. Kicking the can down the road would be just fine. We probably will end up with a standstill agreement. Not to disagree so violently that trade talks break down. You get a reset to restart the discussions. Further discussions. Further meetings. Well continue talking. If things go bad, we could be panicking on monday. Lets say theres an escalation. They storm away from the bargaining table. The fed will probably cut by 50 basis points, not 25 in july. You dont need tariffs to go away. The fed is going to be dovis...

We start with the big issue. Signs of optimism heading into the g20. The lack of bad news is probably good news. Kicking the can down the road would be just fine. We will probably end up with a standstill agreement. Not to disagree so violently that trade talks writedown. You get a reset to restart the discussions. We will continue talking. If things go bad, we could be panicking on monday. Lets say there is an escalation. They storm away from the bargaining table. The fed will probably cut by 50 basis points, not 25 in july. Taylor joining me in new york is ken taubes, david leduc, and coming...

If the fed ends up cutting, it will probably be somewhat supported. We now know the fed has our back. Fed rate cuts probably stimulate animal spirits in the economy. It is going to weaken the dollar, which will help multinational companies. We get a bit of an all clear signal here that it will be fine. They want to sustain the expansion. Are we going to get gangbusters returns . No. But where you going to put the money . The fed feels it is an orchestrated market and that frustrates a lot of people. It does make you wonder, do you think the fed is trying to overengineer the economy . Especiall...