0
0.0
Mar 6, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >>> fed sanctuary jerome powell is heading to capitol hill today for two days of semiannual testimony before congress. powell is expected to present his case particularly on why the central bank is in in in no rust cut inflation. thank you so much for the time then are you surprised at all but the market's pullback yesterday? >> not essentially surprised i think regarding equities in general we're quite optimistic at the moment. in the short to medium term, we're quite positive that's pointed by fundamentals across the board we have different moves by developed markets and equities in emerging markets. i think that's really because the rate cutting cycle is getting ahead in the emerging market, so that's really reaping the benefits there. >> and what does it mean then to see perhaps a slight fall-off in the rate outlook then across the more developed world we had initially seen the expectation of around six rate cuts around the united states. that's fallen off to three of course, the fed initially said that. but we're seeing that one could be enough this year. >> yes, so they're being
. >>> fed sanctuary jerome powell is heading to capitol hill today for two days of semiannual testimony before congress. powell is expected to present his case particularly on why the central bank is in in in no rust cut inflation. thank you so much for the time then are you surprised at all but the market's pullback yesterday? >> not essentially surprised i think regarding equities in general we're quite optimistic at the moment. in the short to medium term, we're quite positive...
0
0.0
Mar 6, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
fed chair jerome powell reiterating that the central bank is not ready to cut rates just yet. we'll get more on that in a few minutes. we start off with a last minute lifeline for new york community bank corps. shares were down as much as 42% today before the regional lender announced it had secured a billion dollar investment, led by the firm of stephen mnuchin. shares managed to close a day higher, 7 1/2%. that is less than 25 cents higher. for the latest details, leslie picker who joins us on set. what a roller coaster day told. >> it was a fascinating turn of events for this company. new york community bank corps, ink a deal. those investors buying common and convertible preferred stock $2 per share. investors will get a 60% warrant coverage to buy more stock with an exercised price of $2.50. a bit of background on how this came together according to people familiar with the matter. secretary mnuchin had been involved here, with nycb for a while now. jeffries approached a select group of other investors with the prospect of a capital raise on sunday. they were told a lead
fed chair jerome powell reiterating that the central bank is not ready to cut rates just yet. we'll get more on that in a few minutes. we start off with a last minute lifeline for new york community bank corps. shares were down as much as 42% today before the regional lender announced it had secured a billion dollar investment, led by the firm of stephen mnuchin. shares managed to close a day higher, 7 1/2%. that is less than 25 cents higher. for the latest details, leslie picker who joins us...
0
0.0
Mar 6, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >>> fed chair jerome powell on the hill before the house financial services committee with a more dumpy stone than folks expected
. >>> fed chair jerome powell on the hill before the house financial services committee with a more dumpy stone than folks expected
0
0.0
Mar 5, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
this comes ahead of fed chair jerome powell's testimony before congress which starts tomorrow. let's get to steve liesman with what to expect. what kind of powell are we going to hear from tomorrow, steve? >> i think, melissa, the thing to listen for is, it's going to break it down into three different categories here, or three different areas. the political side, the regulatory side, and the economic side. politically, expect republicans to coax powell into being more cautious or concerned with inflation. democrats might argue oreso the case for cuts. futures markets going into this testimony with little chance for a rate cut until june. financial regulation might be a hot button issue, with plenty of criticism from republican side and even some democrats about plans to require banks to hold more capital. i expect a bit of that back and forth tomorrow. economically, that's where it gets interesting. powell will be sure to note that inflation progress, but insists there's no victory yet. he'll extol the good economic growth and employment numbers, but say risks are nearly balan
this comes ahead of fed chair jerome powell's testimony before congress which starts tomorrow. let's get to steve liesman with what to expect. what kind of powell are we going to hear from tomorrow, steve? >> i think, melissa, the thing to listen for is, it's going to break it down into three different categories here, or three different areas. the political side, the regulatory side, and the economic side. politically, expect republicans to coax powell into being more cautious or...
0
0.0
Mar 6, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
. >>> fed chair jerome powell on the hill before the house financial services committee with a more dumpy stone than folks expected. >>> the rally itself to resuming, but weakening into the final stretch, all following yesterday's steep selloff, perhaps on continued hopes today and expectations of rate cut sometime later this year. we are going to bring in our experts on all of that in just a moment. >>> let me show you the major outages. we have been green all day but weakening as we enter the final stretch. we are still holding on, but the dow is only good for about 15 points. nasdaq has been the out performer. cut those gains in half, the mega stocks, many of them bouncing back. nvidia is still positive moving toward $900 a share. meta is in the green, as well. apple, microsoft, alphabet, tesla, are all ready now. how about crowdstrike? those shares are higher after his own earnings report. a lot coming in after palo alto and that stock went down, not so much for crowd. a lot in today's session, near 11%. that takes us to the talk of the tape, rally and risk, how many are front and cen
. >>> fed chair jerome powell on the hill before the house financial services committee with a more dumpy stone than folks expected. >>> the rally itself to resuming, but weakening into the final stretch, all following yesterday's steep selloff, perhaps on continued hopes today and expectations of rate cut sometime later this year. we are going to bring in our experts on all of that in just a moment. >>> let me show you the major outages. we have been green all day...
0
0.0
Mar 18, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
powell, i think, or some open letter, saying, we need a rate cut, and we need it soon -- >> right. >> which shows a complete lack of understanding of what's going on, becut the rhetoric is just going to get louder and louder. i think the best case scenario this year, one, maybe two, and if you get that, it means things are actually going pretty well. >>> coming up, cola and ket that mean. shares of pep sip getting a pop after a bullish call out of morgan stanley. why analysts are feeling the fizz ahead. >>> and tesla topping the tape today. the price hikes helping boost that stock, and how elon musk is defending his prescription ketamine use as being good for investors. the details on that when "fast money" returns. >>> welcome back to "fast money." a call of the day on pepsico. morgan stanley upgrading it from overweight. they see a clear inflection. that call sending shares up 4%, for pepsi's best day since october 2022. >> throw a chart up on this one if you can. look at the september low and the low we just traded down to. technically, we held a really important level. now, we're
powell, i think, or some open letter, saying, we need a rate cut, and we need it soon -- >> right. >> which shows a complete lack of understanding of what's going on, becut the rhetoric is just going to get louder and louder. i think the best case scenario this year, one, maybe two, and if you get that, it means things are actually going pretty well. >>> coming up, cola and ket that mean. shares of pep sip getting a pop after a bullish call out of morgan stanley. why...
0
0.0
Mar 19, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
and quite frankly, i'm not a big fan of the federal reserve, but i think jerome powell has been steadfast in his want to slay this inflation dragon. >> i don't think anyone's listening to bernie and warren right now, and i think the biden administration realizes that they have, what, 7 1/2, 8 months in the election, and, you know, if they don't have inflation at least the idea of it under control, i don't -- i would suspect that they're not dying for what would be politicized rate cuts that would just juice the stock market or juice the economy if inflation were to become imbedded, because that's the thing that they are getting very poor marks on right now, as it relates to the economy. and we can all sit around here, unemployment's still below 4%, housing is okay, all those sorts of things, i know consumer credit is ticking up, but if that stuff starts to go the other way, that would be a real problem -- >> you got to cut -- you got to cut before that stuff goes the other way or else they're going to be late. so, that's the misconception, i think the market has, is that we're waiting for
and quite frankly, i'm not a big fan of the federal reserve, but i think jerome powell has been steadfast in his want to slay this inflation dragon. >> i don't think anyone's listening to bernie and warren right now, and i think the biden administration realizes that they have, what, 7 1/2, 8 months in the election, and, you know, if they don't have inflation at least the idea of it under control, i don't -- i would suspect that they're not dying for what would be politicized rate cuts...
0
0.0
Mar 20, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
powell's press conference. ent ll take you there live, wh ibegins at half past the hour, but first, a quick break. stick with us. >>> welcome back to power lunch for the fed is leaving interest rates unchanged, as expected, and sticking with an earlier forecast of three rate cuts by the end of the year. here for his reaction is dennis lockhart. good to have you back with us. i don't see much in the statement or the action, which is a nonaction, to suggest that the fed is becoming more hawkish. i would like to get your reaction to that, but i do sense they are just becoming more patient, which is not necessarily a bad thing. >> i think your conclusion is correct. i would say, however, if you look at the dots plots, you do see some movement in the dots. there were, i think, four at four dots, four moves, and all but one have moved into the three category. the consensus is pretty tight around three moves this year, and i think that is a take away that the consensus has tightened. >> what about the big boost to the
powell's press conference. ent ll take you there live, wh ibegins at half past the hour, but first, a quick break. stick with us. >>> welcome back to power lunch for the fed is leaving interest rates unchanged, as expected, and sticking with an earlier forecast of three rate cuts by the end of the year. here for his reaction is dennis lockhart. good to have you back with us. i don't see much in the statement or the action, which is a nonaction, to suggest that the fed is becoming more...
0
0.0
Mar 6, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
i think jerome powell and others think it's good news i think it's good news it's been a long time since we could sit up and applaud to what was happening to wages at the bottom of the economic ladder. he won't want to say anything that denigrates that or suggests strongly we don't want that to keep happening or anything like that that would be both in politics and bad economics. >> that would be a bad headline for him, we need to see wages go down >> allen and steve thank you very much as we continue to wait for the fed chair. >> you're welcome. >>> keeping an eye on all that we're not done by any means with the data we get beige book this afternoon at 2:00. i know you watch that sara, closely a look at what's going on in districts around the country. >> i love the beige book, so much color about the different economies. and the fed watches the beige book we know that fed chair powell has referenced it in conversations on policy days about what they're seeing tom barkin tells us he listens to companies what they're doing with prices on inflation that's where you get the data from the be
i think jerome powell and others think it's good news i think it's good news it's been a long time since we could sit up and applaud to what was happening to wages at the bottom of the economic ladder. he won't want to say anything that denigrates that or suggests strongly we don't want that to keep happening or anything like that that would be both in politics and bad economics. >> that would be a bad headline for him, we need to see wages go down >> allen and steve thank you very...
0
0.0
Mar 26, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
powell, what is the impetus for me to do anything right now the economy is doing fine, unemployment is below what the fed considers to be neutral. the inflation rate is above. even in their longer-term projections, their target, and the economy does not seem to be restricted by these rates in spite of what he said in the press conference, which was kind of perplexing, the realities that the economy continues to track strongly it was really interesting, because the projections of the fed for 2024 in terms of growth and inflation have gone up, but they're still anticipating three cuts the projections for '25 and '26 in terms of growth and inflation are unchanged, but they're expecting less cuts. at least, that's kind of their official guidance. and i think that's really interesting and fascinating. i think in reality -- >> you think it's not real you think those cuts are going to go away >> i don't see the impetus for him to do anything we were here maybe six months ago. i was talking to you and i said, look, in the absence of anything breaking down, the fed is not doing anything and
powell, what is the impetus for me to do anything right now the economy is doing fine, unemployment is below what the fed considers to be neutral. the inflation rate is above. even in their longer-term projections, their target, and the economy does not seem to be restricted by these rates in spite of what he said in the press conference, which was kind of perplexing, the realities that the economy continues to track strongly it was really interesting, because the projections of the fed for...
0
0.0
Mar 20, 2024
03/24
by
CNBC
tv
eye 0
favorite 0
quote 0
coming on the day we're going to be hearing more from jerome powell and company. treasury yields a little lower than they had been yesterday. you can see now the ten year at 428. the two year at 468. back below 4.7% there. bring in our senior markets commentator mike santoli. mike, what are you watching today? >> can't avoid watching for the fed, what the fed does what jay powell says. watching from a high perch. yesterday 18th s&p 500 knew all-time high of this calendar year. that's basically a record pace of all-time highs. go back decades. the most record high s&p done in a calendar year around 72. we got 18 and about a quarter. that basically annualized to just about best ever. can't obviously counter on us continuing to click thus way. i point out we've flattened outalities in the s&p the last weeks. churn underneath the surface. much of technology has actually sort of lost a little bit of momentum, but enough things are working we are clicking higher. you minced the bond market. i like to look at government bonds in price terms getting a sense where buyers m
coming on the day we're going to be hearing more from jerome powell and company. treasury yields a little lower than they had been yesterday. you can see now the ten year at 428. the two year at 468. back below 4.7% there. bring in our senior markets commentator mike santoli. mike, what are you watching today? >> can't avoid watching for the fed, what the fed does what jay powell says. watching from a high perch. yesterday 18th s&p 500 knew all-time high of this calendar year. that's...