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jerome powell is under the gun in the house. grady trimble following on capitol hill. >> first, expect rate cuts, though jay powell cryptic, not saying when. the rest of the voting members are walking a precarious tight rope, where to set rates but it's an election year. at this hearing powell is telling lawmakers on the house financial services committee that data is looking good and the dangers of cutting rates too quickly, would like to see more. with the high points he's making note of that housing services inflation a.k.a. rent is coming down, goods prices are too and he says he feels good about achieving a soft landing. >> no reason to think the us economy is in short-term risk of falling into recession. having said that, there's always a problem, a possibility, meaningful possibility that economy will fall into recession. i don't think that possibilities elevated at the current time. >> reporter: patrick mchenry asked powell how much rate cutting we will see this year. powell's answer is noncommittal as always, depends on
jerome powell is under the gun in the house. grady trimble following on capitol hill. >> first, expect rate cuts, though jay powell cryptic, not saying when. the rest of the voting members are walking a precarious tight rope, where to set rates but it's an election year. at this hearing powell is telling lawmakers on the house financial services committee that data is looking good and the dangers of cutting rates too quickly, would like to see more. with the high points he's making note...
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Mar 6, 2024
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. >>> 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...
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Mar 19, 2024
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my sense is that jerome powell failed the marshmallow test. he ate the marshmallow at the november press conference. he wanted to declare victory on inflation too soon. if he had shown a little self-restraint financial conditions would not have eased and inflation and economic activity would not be re-accelerating as we have now. i think despite their predilection to want to cut, the fed will possibly have to stay higher for longer. it all depends on what the fed does. katie: i have heard people tell me over the past few weeks that the fed wants to cut but they can't yet. why do you think they want to cut? why is that the narrative? scott: jerome powell said it in front of congress. katie: that's true. scott: i take him at his word. david: coming back to trump for a second, your name has come up as maybe playing some role. if you had conversations with the former president his team that would indicate to you where he thinks he wants to go economically? scott: sure. what i will say is i'm not going to repeat private conversations but i think a
my sense is that jerome powell failed the marshmallow test. he ate the marshmallow at the november press conference. he wanted to declare victory on inflation too soon. if he had shown a little self-restraint financial conditions would not have eased and inflation and economic activity would not be re-accelerating as we have now. i think despite their predilection to want to cut, the fed will possibly have to stay higher for longer. it all depends on what the fed does. katie: i have heard...
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Mar 7, 2024
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later, feral reserve chair jerome powell ttifying on the central bank's semiannual monetary policy report before th house financial services committee. all coming up tonigh on c-span. >> c-span's "washington journal," a live forum involving you to discuss the latest issues in government, politics and public policy. from washington, d.c. anro coming up thursday morning, we'll discuss tomorrow's state of the union address, government funding deadlines, and conflicts in gaz ukraine, with nebraska republican congressman adrian smith, texas democrat congressman marc veasey, democrc congressman brad sherman, and republic fa keen. join us on c-span, c-span now our free mobile app, or online at c-span.org. >> two years ago, democracy faced the biggest threat since the civil war. today, though bruise, our democracy remains unbowed and unbroken. >> thursdaye union address to outline his priorities for the country. watch our live coverage beginning at 8:00 p.m. eastern with our preview program followed by president biden's state of the union speech, then alabama senator katy britt will give the repu
later, feral reserve chair jerome powell ttifying on the central bank's semiannual monetary policy report before th house financial services committee. all coming up tonigh on c-span. >> c-span's "washington journal," a live forum involving you to discuss the latest issues in government, politics and public policy. from washington, d.c. anro coming up thursday morning, we'll discuss tomorrow's state of the union address, government funding deadlines, and conflicts in gaz...
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Mar 20, 2024
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the biases toward leaving things the same until they get more economic debt, jerome powell will speak at 2:30, he may forecast a bit of what is to come in the year ahead but right now the fed is suggesting, sandra, it wants a little more data before it figures out the way forward. >> sandra: indications from the fed in the statement are they are moving towards possibly three rate cuts this year, john, and that is interesting news break since we have not seen the target of 2% reached just yet so big questions in the fed briefing room when powell speaks, is 2% still the target? and if they are going to start cutting does not mean we are getting there? they say they are making good progress and they move it is the question so you see a green spike at the end of the chart there, that is after the fed announcement came out to leave fed rates unchanged but also indicating three cuts coming this year. one of the federal reserve officials indicated possibly more than three cuts this year but this was a unanimous decision to leave it unchanged at five and a quarter. this is a decent market rea
the biases toward leaving things the same until they get more economic debt, jerome powell will speak at 2:30, he may forecast a bit of what is to come in the year ahead but right now the fed is suggesting, sandra, it wants a little more data before it figures out the way forward. >> sandra: indications from the fed in the statement are they are moving towards possibly three rate cuts this year, john, and that is interesting news break since we have not seen the target of 2% reached just...
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Mar 6, 2024
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from fed chair jerome powell on capitol hill can. mike, when we think about how chair powell is going to be addressing congress, we spoke about some of the issues already. what is he coming up against, especially as inflation is still top of mind? michael: well, he's going to come up against criticism of the fed for not moving quickly enough to bring down inflammation and the fed has admitted it was slow on the trigger there. but in his opening remarks, he talks about how the fed is determined to bring in addition to 2% target. sonali: we are already seeing it met by a bid in the short term market here 2 year yield downs a little bit even just yesterday. liz: although like you'll see a lot to the research report nothing but he seemed hawkish enough. he didn't lean more hawkish than he had to me focused on the dual mandate which some show more balanced. saying we are not clear we have enough process to cut yet but he cuts some of the tail risk out of the market by saying again, rates are at their peak and some time later, we'll cut ra
from fed chair jerome powell on capitol hill can. mike, when we think about how chair powell is going to be addressing congress, we spoke about some of the issues already. what is he coming up against, especially as inflation is still top of mind? michael: well, he's going to come up against criticism of the fed for not moving quickly enough to bring down inflammation and the fed has admitted it was slow on the trigger there. but in his opening remarks, he talks about how the fed is determined...
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Mar 18, 2024
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powell but as he would not want to confirm or nominate again these are three good folks who would be good nominees for the federal reserve that would do the right things when it comes to look at inflation price stability should be the key thing that the federal reserve should look at and only have control over others would be john taylor from the hoover institution with the taylor rule we need rolls in place for the federal reserve not just a discussion of higher inflation throughout the economy somebody's going to put in place what americans can expect and what the federal reserve will do overtime. >> another factor for donald trump the wrath against jerome powell he did think that donald trump did not like he started raising interest rates earlier in the president came on him like a ton of brics but then criticized policy which is unprecedented at the time. does he want a yes man or woman in the office? >> i don't think so, i think the president will tell the federal reserve chairman whatever he wants but he want someone who's going to be out there looking at inflation and what hap
powell but as he would not want to confirm or nominate again these are three good folks who would be good nominees for the federal reserve that would do the right things when it comes to look at inflation price stability should be the key thing that the federal reserve should look at and only have control over others would be john taylor from the hoover institution with the taylor rule we need rolls in place for the federal reserve not just a discussion of higher inflation throughout the...
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Mar 7, 2024
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us federal reserve chairman jerome powell says he�*s in no rush to cut interest rates until the data signals a meaningfulfall in inflation. and we take a look at how small businesses in singapore are getting a �*swift lift�*. hello and welcome to asia business report. i�*m steve lai. we begin in the us, where federal reserve chairman jerome powell began two days of testimony on capitol hill. he�*s presenting the central bank�*s semiannual monetary policy report, with lawmakers eagle—eyed for clues about interest rates. 0ur north america business correspondent erin delmore has the details from new york. fed chairjerome powell sat firmly in the spotlight on capitol hill on wednesday previewing what is to come in the year ahead as fed officials contemplate when to cut interest rates and by how much. we believe that our policy rate is likely at its peak for this cycle. if the economy evolves broadly as expected, it will likely be appropriate to begin dialling back policy restraint at some point this year. powell appeared before the house financial services committee, the firs
us federal reserve chairman jerome powell says he�*s in no rush to cut interest rates until the data signals a meaningfulfall in inflation. and we take a look at how small businesses in singapore are getting a �*swift lift�*. hello and welcome to asia business report. i�*m steve lai. we begin in the us, where federal reserve chairman jerome powell began two days of testimony on capitol hill. he�*s presenting the central bank�*s semiannual monetary policy report, with lawmakers...
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Mar 20, 2024
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powell being jerome powell council, the lawyer cannot do ph.d. in economics, he understands that the payrolls were revised down by a million positions in the year and in september the 30th, 2023. he sees the what the biden administration has been announcing is not really what in fact has been the data on the ground. not that we ever look back at revisions, but he certainly is being advised about them by the people on the ground and by the way, neil, that helps expand a lot of the anger element. it's not just the fact that the price of the vast -- gas pump and the price at the grocery stores are up but it's also because people are losing their jobs and because the government is telling them that there is also a figment of the environment -- imagination. >> neil: let me ask you about mortgage rates which tend to go on their own or which the fed has very little control got a lot of them are paying the market rates like a ten-year bound -- bond and i can think and has been narrowly backing up of late as the expedition that the economy is strong enoug
powell being jerome powell council, the lawyer cannot do ph.d. in economics, he understands that the payrolls were revised down by a million positions in the year and in september the 30th, 2023. he sees the what the biden administration has been announcing is not really what in fact has been the data on the ground. not that we ever look back at revisions, but he certainly is being advised about them by the people on the ground and by the way, neil, that helps expand a lot of the anger element....
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Mar 7, 2024
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it is a little on those comments from fed chair jerome powell. he said, again, that the expectation is, yes, the fed could probably cut interest rates at this moment, but they're not yet ready to do so. why? they still need further information and further data that indeed interest rates are headed or rather the inflation rate is head back towards 2%. of course he's still had strongish economy up until yesterday's data. you saw a little bit of weakness in that adp report, the private payroll numbers did show some sense of weakness which is then going to perhaps offer some sentiment around what exactly is going to happen for interest rates. it's the second day of congressional testimony as well today for jerome powell, so we'll await more word. and of course we do have those non-pharm payrolls data out tomorrow. >> shares in community bank corp rebounded after the troubled regional bank announced it had raised about a billion dollars in capital. how might that cash infusion help the ailing back and steady nerves across the industry? >> yeah, so i m
it is a little on those comments from fed chair jerome powell. he said, again, that the expectation is, yes, the fed could probably cut interest rates at this moment, but they're not yet ready to do so. why? they still need further information and further data that indeed interest rates are headed or rather the inflation rate is head back towards 2%. of course he's still had strongish economy up until yesterday's data. you saw a little bit of weakness in that adp report, the private payroll...
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Mar 16, 2024
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powell wants to do, to follow what paul volcker did. there are two interests at stake. lower interest rates. wall street wants that. they had virtually 0% interest rates for 10 years. it generates a lot of deals, generate a lot of income from making deals. on the other side of that, if inflation rises, it hits the middle class, it eats into their income, their wage increases. powell is trying to avoid that with interest rate increases and try to make sure inflation is under control. on behalf of all americans who are hurt and who know they are being hurt. paul: let me turn to another subject. president biden's statement that he opposes purchase of $14.1 billion starting with intervention. good decision? >> i spent a lot of time talking about economic rationale for that decision. this is a political decision, riskier than the president is acknowledging. this is throwing out crumbs, but if they kill this deal and the cleveland cliff, the us competitor that wants to purchase u.s. steel is next in line as a suitor you have people talking ab
powell wants to do, to follow what paul volcker did. there are two interests at stake. lower interest rates. wall street wants that. they had virtually 0% interest rates for 10 years. it generates a lot of deals, generate a lot of income from making deals. on the other side of that, if inflation rises, it hits the middle class, it eats into their income, their wage increases. powell is trying to avoid that with interest rate increases and try to make sure inflation is under control. on behalf...
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Mar 20, 2024
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what everyone is focused on is what jerome powell signals today , and fellow members are plotting today. you see they each add their names and predictions to a chart about the direction of the federal funds rate. the bank overnight lending rate the so-called dot plot you hear so much about. like i said we'll know in about two hours, to edward lawrence at the white house on what we could be in for. edward? reporter: yeah, the dot plot thickens, right? that's what you said, neil. we're going to get the forecast from federal reserve to see exactly where they see three rate cuts this year still, maybe two, but the federal reserve chairman jay powell is feeling e form us political pressure from democrats who want that first rate cut to start. about two dozen house and senate democrats and a letter to powell saying higher rates are squeez ing working people. now, senators elizabeth warren and sheldon went farther than that in another letter to the fed chairman saying interest rates went too far to fast and the potential they may remain high for too long has halted advances in deploying renewa
what everyone is focused on is what jerome powell signals today , and fellow members are plotting today. you see they each add their names and predictions to a chart about the direction of the federal funds rate. the bank overnight lending rate the so-called dot plot you hear so much about. like i said we'll know in about two hours, to edward lawrence at the white house on what we could be in for. edward? reporter: yeah, the dot plot thickens, right? that's what you said, neil. we're going to...
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Mar 20, 2024
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i take hey, get back from the fed chairman jerome powell later today. what, what can americans, we're watching right now expect will jerome powell is not ready to give borrowers a break not yet. and no doubt it is a very expensive time to borrow mortgages, credit cards, car loans, all of them are very expensive. now remember, the fed started spiking interest rates at it, almost an unprecedented pace, two years ago, trying to get inflation under control. and really since last may, the fed has been in a holding pattern, keeping interest rates at 23 year highs that might be good news for savers who've got money in the bank, but for everyone is borrowing, this is added to some of the pain here. now, fed officials have said they're not going to start lowering interest rates until they get more confidence that inflation really is going back to normal. and so that's why investors, they place almost no chance of a rate cut today every little chance that the next decision on may 1. and really americans are probably going to have to be waiting until june, july, o
i take hey, get back from the fed chairman jerome powell later today. what, what can americans, we're watching right now expect will jerome powell is not ready to give borrowers a break not yet. and no doubt it is a very expensive time to borrow mortgages, credit cards, car loans, all of them are very expensive. now remember, the fed started spiking interest rates at it, almost an unprecedented pace, two years ago, trying to get inflation under control. and really since last may, the fed has...
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Mar 8, 2024
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kriti: fed chair jerome powell telling congress the central bank is not far from the confidence needed to ease policy. right here in europe, ecb president christine lagarde signals the bank may cut rates in june. it warns tiempo -- geopolitical risks should not be ignored. i want to quick check on the markets. we've got the geopolitical situation coming up of -- off of president biden in his state of the union address overnight. what that means for futures is a little bit of positivity right here in europe. euro stoxx 50 future desire. ftse 100 higher. let's cross the atlantic where you are not seeing the same optimism. futures in the u.s. unchanged. 51 65 on the contracts. nasdaq 100 futures are down 1/10 of 1%. how much is a global story of not wanting the exposure to the house. how much is cashing out ahead of the long weekend with technicals plumbing at -- limiting at play. chairman powell did speak and testimony. you have the ecb dates you in the after facts. the bond market absolutely matters. they have been fairly sanguine as it looks to preclude how to navigate the story. tenur
kriti: fed chair jerome powell telling congress the central bank is not far from the confidence needed to ease policy. right here in europe, ecb president christine lagarde signals the bank may cut rates in june. it warns tiempo -- geopolitical risks should not be ignored. i want to quick check on the markets. we've got the geopolitical situation coming up of -- off of president biden in his state of the union address overnight. what that means for futures is a little bit of positivity right...
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Mar 6, 2024
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and number of jerome powell's colleagues have downplayed that, they are able they say to look through that january data. are we expecting to get a similar message from powell in terms of the way he interprets that data? where are you expecting his messaging to land? jill: when you look at a lot of the statements that powell has made in relation to a lot of his fomc colleagues, he is actually really kind of in the middle of the pack so i would expect him to be sticking with that status quo and that idea that inflation remains under pressure, that cpi print in january was very hot. and as much as fed officials like to say they are incredibly data dependent, they like to depend on where that data is getting them to make decisions on rates. i think that beginning of the year data was, we will have to see what we are ultimately sing out february, march as they continue to create that rate trajectory for the rest of the quarter, rest of the first half of this year. i would expect powell to pretty much match what we heard from those fomc officials but maybe we will get further guidance next
and number of jerome powell's colleagues have downplayed that, they are able they say to look through that january data. are we expecting to get a similar message from powell in terms of the way he interprets that data? where are you expecting his messaging to land? jill: when you look at a lot of the statements that powell has made in relation to a lot of his fomc colleagues, he is actually really kind of in the middle of the pack so i would expect him to be sticking with that status quo and...
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Mar 26, 2024
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jerome powell was reinforcing the message of a coming down. we heard a few pieces of strong data. we are getting pushback. mr. bostic saying one cut is necessary this year. other saying not quite sure, maybe two, maybe three. we have loads of important data. the big one is the pce, which comes in at the end of the week. interestingly, the market reactions are that, could really be a bit large because it comes on a friday, most of the world is on holiday. u.s. bond market will be at subpar strength. the data will come out. phil -- then on monday, the market reaction could be quite large, especially early in asia. treasury futures will open with australia closed in other people out as well. the chances of a big reaction if you get a high number is ready large. traders are really quite cautious. it has been there for a record amount of time. everyone is dialing back a little bit. they are not as optimistic as they were just a week ago. tom: how times change and just the space of a week. owed on to your hand of that potential rupture when it comes through on friday. the market reactio
jerome powell was reinforcing the message of a coming down. we heard a few pieces of strong data. we are getting pushback. mr. bostic saying one cut is necessary this year. other saying not quite sure, maybe two, maybe three. we have loads of important data. the big one is the pce, which comes in at the end of the week. interestingly, the market reactions are that, could really be a bit large because it comes on a friday, most of the world is on holiday. u.s. bond market will be at subpar...
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Mar 12, 2024
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>> i don't want to be jerome powell with these numbers. they're not good enough to change direction in terms of policy. so if you looked at what he said, he said we've got some work to do. these numbers have to come down. the problem with inflation, martha, is it spiked way up to nine, come back down to 3 or 4 range and it sitting there. if it sits there like that, we're still two times where we should be. if we're at that level, you can't cut rates yet. that's what the politicians want. powell doesn't have an economic reason to do it so if we start to see rate cuts mid year and we still have numbers like this, it start to looks like politics to me, not economics. >> martha: one of the issues that we keep hearing about programs, we heard about them in the state of the union, to give people more money. to relieve student debt. more proms that give people money. so that doesn't help the inflation picture. >> not at all. >> that's why we're stalling out at this high level. the fed -- >> martha: yeah, throwing money at everybody. >> i think if
>> i don't want to be jerome powell with these numbers. they're not good enough to change direction in terms of policy. so if you looked at what he said, he said we've got some work to do. these numbers have to come down. the problem with inflation, martha, is it spiked way up to nine, come back down to 3 or 4 range and it sitting there. if it sits there like that, we're still two times where we should be. if we're at that level, you can't cut rates yet. that's what the politicians want....
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Mar 30, 2024
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that's why i think jerome powell should do nothing for the foreseeable future. neil: and that might be the case. thank you very much, dan geltrude, on that. we were showing you the markets for the week. if they're concerned about any of this, of course, they had a funny way of showing it. they were closed yesterday for good friday, i think dan touched on that. but the fact of the matter is the inflation worries from this or at least period are alive and well, and the fed chair -- if it stays stubborn, there's no rush the start cutting rates. the betting is that that he will, though, as a early as june. that is not a sure thing. we're following that and also following the funeral for nypd officer a jonathan diller, the latest of that including a former police commissioner says we don't need to see this keep happening. after this. rkplace benefits and retirement savings. voya provides tools that help you make the right investment and benefit choices. so you can reach today's financial goals and look forward to a more confident future. voya, well planned, well inve
that's why i think jerome powell should do nothing for the foreseeable future. neil: and that might be the case. thank you very much, dan geltrude, on that. we were showing you the markets for the week. if they're concerned about any of this, of course, they had a funny way of showing it. they were closed yesterday for good friday, i think dan touched on that. but the fact of the matter is the inflation worries from this or at least period are alive and well, and the fed chair -- if it stays...
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Mar 30, 2024
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and then jerome powell discusses the actions taken by the fed to address inflation, and then an update on the baltimore key bridge collapse. john. it's good
and then jerome powell discusses the actions taken by the fed to address inflation, and then an update on the baltimore key bridge collapse. john. it's good
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Mar 20, 2024
03/24
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that news by jerome powell set the markets flying. s&p 500 and the dow hit all-time highs. the nasdaq finishing up in the green. that was not a record but this was the s&p's 19th record close in 2024 in a row. it is the second straight record close. as expected bond yields fell on on news of pending rate cuts. tech stocks have powered the market rally all year. today was no different. meta, google, amazon, microsoft, google even tesla finishing in the green. they have the most to benefit from rate cuts, that is where the money goes when you cut rates. bank stocks and credit card companies all seeing nice bumps. american express in particular, on the screen there, excuse me, jumped close to 4%. rate cuts could mean more spending from consumers, less defaults and finally chipotle a very tastey dish today on wall street, the company announcing 50 to one stock split. it gained 3 1/2%. the big one to watch tomorrow is reddit. that is going to ipo. it is the first major tech ipo of the year. a lot of investors will be focused on that. larry: very tasty dish, kelly o'grady, very t
that news by jerome powell set the markets flying. s&p 500 and the dow hit all-time highs. the nasdaq finishing up in the green. that was not a record but this was the s&p's 19th record close in 2024 in a row. it is the second straight record close. as expected bond yields fell on on news of pending rate cuts. tech stocks have powered the market rally all year. today was no different. meta, google, amazon, microsoft, google even tesla finishing in the green. they have the most to...
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Mar 15, 2024
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he was basically saying, come on, boys and girls -- >> and,s by the way, when we covered jerome powell in that hearing this week, let's see is, 7 times in his 5-minute opening remarks he insisted that -- and very strongly signaled to this market that the 2% inflation target is not going anywhere. so, i mean, look -- larry: that's good. >> we had this -- larry: he's manning up. he's manning up. he's discovered his big boy pants. >> we'll see. >> robert wolf was on with steve moore if on "america reports" this week and he said, no -- >> should go to 3%. >> time to go with the 3. larry: you see that though, you take $1,000 and run it out 20 years at a 3% inflation, you basically lose almost half of your munch that's no bargain. and i think that's an interesting point. whatever happened to price stability? >> right. first of all, what they want to do is what i call dumbing down the test. larry: yes. >> can't get to 2 so is 3 is the target. i'm comfortable with 2% because you don't want to have deflation, so you've got a little cushion there. because the worst thing is actually deflation. b
he was basically saying, come on, boys and girls -- >> and,s by the way, when we covered jerome powell in that hearing this week, let's see is, 7 times in his 5-minute opening remarks he insisted that -- and very strongly signaled to this market that the 2% inflation target is not going anywhere. so, i mean, look -- larry: that's good. >> we had this -- larry: he's manning up. he's manning up. he's discovered his big boy pants. >> we'll see. >> robert wolf was on with...
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Mar 6, 2024
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but it's fair to say that jerome powell did a lot for the markets and help boost technology stocks as well on the optimism that is building over interest rates coming down and the financial environment just moving up, up, up. meantime, when we come back, we're going to take a look at how the president of the united states is preparing for his big state of the union address, particularly when it comes to border issues that is probably front and center for chip roy. the thing that he wants to hear most about after this. there are so many tina feys i could be. so i hired body doubles to help me out. splurgy tina loves a hotel near rodeo drive. oh tina! wild tina booked a farm stay to ride this horse. glenn close?! with millions of possibilities you can book whoever you want to be. that's my line! booking.com booking.yeah there's something going around the gordon home. good thing gertrude found delsym. now what's going around is 12-hour cough relief. and the giggles. the family that takes delsym together, feels better together. switch to shopify so you can build it better, scale it faster
but it's fair to say that jerome powell did a lot for the markets and help boost technology stocks as well on the optimism that is building over interest rates coming down and the financial environment just moving up, up, up. meantime, when we come back, we're going to take a look at how the president of the united states is preparing for his big state of the union address, particularly when it comes to border issues that is probably front and center for chip roy. the thing that he wants to...
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Mar 6, 2024
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powell. the dow fell 404, the nasdaq dropped 267, and the s&p 500 shed 52 points. >>> the biden administration is launching a major crackdown on what it calls credit card junk fees. the president announced a new rule that would cap late fees at $8, down from an average of $32. banks that charge more would need to show why. the u.s. chamber of commerce says it plans to file a lawsuit to stop the cap on fees. >>> the clock is ticking on tiktok again. house lawmakers introduced a new bipartisan bill that would give china's byte dance six months to sell its stake in the social media platform or face a ban in the united states. tiktok says the move tramples first amendment rights and it denies sharing u.s. user data with the chinese government. >>> speaking of social media, facebook, instagram, and messenger are back up this morning after an apparent technical issue caused a widespread outage. it sparked fears of a super tuesday hack. hundreds of thousands of users reported being locked out of the
powell. the dow fell 404, the nasdaq dropped 267, and the s&p 500 shed 52 points. >>> the biden administration is launching a major crackdown on what it calls credit card junk fees. the president announced a new rule that would cap late fees at $8, down from an average of $32. banks that charge more would need to show why. the u.s. chamber of commerce says it plans to file a lawsuit to stop the cap on fees. >>> the clock is ticking on tiktok again. house lawmakers...
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Mar 8, 2024
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powell finished two days of testimony on capitol hill reaffirming interest rate cuts are coming this year. the dow climbed 130 points. the nasdaq soared by 241 points. and the s&p 500 gained 52 to hit a record high. >>> out of an abundance of caution sargento cheese is recalling products sold in 15 states due to concerns of potential contamination. the cheese comes from the california dairy company or rizzo lopez foods that was involved in a listeria outbreak earlier this year. it sent nearly two dozen people to the hospital. >>> the discount grocery store chain aldi has plans to add 800 new stores across the u.s. over the next five years. the expansion looks to capitalize on cost-conscious americans feeling the pinch at grocery stores. the german-owned chain plans to open hundreds of stores in the northeast and midwest while converting many existing wynn dixies and harvey's supermarkets in the south into aldis. >>> "forbes" has released its list of highest paid action torts last year and adam sandler tops the list with $73 million thanks to his movie-making production company happy
powell finished two days of testimony on capitol hill reaffirming interest rate cuts are coming this year. the dow climbed 130 points. the nasdaq soared by 241 points. and the s&p 500 gained 52 to hit a record high. >>> out of an abundance of caution sargento cheese is recalling products sold in 15 states due to concerns of potential contamination. the cheese comes from the california dairy company or rizzo lopez foods that was involved in a listeria outbreak earlier this year. it...
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Mar 6, 2024
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jerome powell will be on capitol hill and lawmakers demanding answers about inflation. >> carley: cheryl casone has more. >> cheryl: good morning. that is right, powell is heading to capitol hill to give insight what the fed plan is on interest rates. it may rock the markets, coming off historic highs. brand new fox poll shows it is the economy, it is the biggest worry this election cycle ahead of immigrant, abortion and healthcare. 73% say it is fair or poor, slight improvement from december. stock market pchlsz could be a piece of that as 401(k)s show gains. 58% say biden has not helped the working class, 61% say he's failed on the economy. and there are high prices on gas, food and consumer products and president biden targeting corporations again saying it there fault citing shrink-flattion, which cookie monster posted about. administration creating task force for things on cereal, cracker and said cookies. >> todd: somebody talked to cookie monster about his grammar? >> carley: you read that tweet well. >> todd: former governor andrew cuomo facing fresh scrutiny for how he handled c
jerome powell will be on capitol hill and lawmakers demanding answers about inflation. >> carley: cheryl casone has more. >> cheryl: good morning. that is right, powell is heading to capitol hill to give insight what the fed plan is on interest rates. it may rock the markets, coming off historic highs. brand new fox poll shows it is the economy, it is the biggest worry this election cycle ahead of immigrant, abortion and healthcare. 73% say it is fair or poor, slight improvement...
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Mar 29, 2024
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fed chair jerome powell speaking at a macro economics and monetary policy conference. watch his remarks tonight at 9:00 eastern here on c-span and online at c-span.org. ♪ >> celebrating the 20 the anniversary of our annual studentcam documentary competition. this year c-span asked middle and high school students across the country to look forward while considering the past. participants were given the option to look 20 years into the future or 20 years into the past. we received inspiring and thought-provoking documentaries from over 3200 students across 42 states. are top award of $5,000 for grand prize goes to nate coleman and jonah roth line, 10th graders in connecticut their compelling documentary innocence held hostage never getting past and future conflicts with iran. >> it is evident in the next 20 years the united states must make more policy that places heavy restriction on all americans traveling to iran because not only will we see a less -- the united states will have to participate in such negotiations with iran. >> congratulations to our winners and dom
fed chair jerome powell speaking at a macro economics and monetary policy conference. watch his remarks tonight at 9:00 eastern here on c-span and online at c-span.org. ♪ >> celebrating the 20 the anniversary of our annual studentcam documentary competition. this year c-span asked middle and high school students across the country to look forward while considering the past. participants were given the option to look 20 years into the future or 20 years into the past. we received...
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Mar 16, 2024
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on wednesday, jerome powell has his fist conference. janet yellen and the office of management and budget testified before the house appropriations subcommittee onices into general government. watch next week live on c-span now. head over to c-span.org for scheduling information or to watch live or on-demand anytime. c-span, your unfiltered view of government. >> american history tv exploring the people and events that tell the american story. we continue with the series "free to choose" made by martin friedman at his wife rose friedman. this episode is entitled how to stay free. university of california law professor david ziegler looks at the history of abortion and contraception laws in the u.s.. on "the presidency," they share little-known parts about the presidency. exploring the american story watch amicweekend and friday. on your program guide or watch online anytime at c-span.org/history. >> a healthy democracy doesn't just look like this, it looks like this, where americans can see democracy at work when . citizens are truly in
on wednesday, jerome powell has his fist conference. janet yellen and the office of management and budget testified before the house appropriations subcommittee onices into general government. watch next week live on c-span now. head over to c-span.org for scheduling information or to watch live or on-demand anytime. c-span, your unfiltered view of government. >> american history tv exploring the people and events that tell the american story. we continue with the series "free to...
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Mar 16, 2024
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fed chair jerome powell lawmakers last week the central bank may notc be far from the point of cutting interest rates. the fed spis looking to start reducing interest rates soon. i think even the may meeting might be too soon, but i think by the time we get to the june policy meeting, to start that process.t- >> the fed is scheduled to meet next on tuesday, where they're expected to keep rates the same. >> voters in russia polls in a presidential presidential election, but nobody holding theirúbreath on who will as theúwinner. >> care facility fills a critical need in a rural portion of santa clar co t- in october. investigators say the gunman, robert card, was an army reservist who killed 18 people in a bowling alley and at- bar before turning the gun on himself. the report says sheriff's deputies hadúcause to take custody and take away his guns before the shooting happened. in the months before the shooting, card was placed in aúhospital and barred from handling weapons while on duty in september. a fellow reservist warned a supervisor that he thought mass shooting. law enforceme
fed chair jerome powell lawmakers last week the central bank may notc be far from the point of cutting interest rates. the fed spis looking to start reducing interest rates soon. i think even the may meeting might be too soon, but i think by the time we get to the june policy meeting, to start that process.t- >> the fed is scheduled to meet next on tuesday, where they're expected to keep rates the same. >> voters in russia polls in a presidential presidential election, but nobody...
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Mar 20, 2024
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since jerome powell started hiking interest rates. $500 billion liabilities add to interest rates on average people out there. in the meantime, wealthy people have made an extra $300 billion a year. they own the bonds. they own the instruments that actually go up. so she is not saying please, please, fed, lower rates for the people because the people don't matter. they do not care about people. the progressive ideology puts the climate things, this whole climate agenda before people, all people. they will use people as a front from time to time. what she really wants is to push this climate agenda because part of the climate agenda is fewer human beings at the end of the day. the bottom line, the bottom line right now it's ironic to see senators bullying the federal reserve chair and right in front of everyone her and sanders it's not even for the average person. she is not saying the average person is being crushed under these policies. by the way we haven't gotten to why the fed, they don't deliberately say we want to crush the average person. what they are saying democrats and pro
since jerome powell started hiking interest rates. $500 billion liabilities add to interest rates on average people out there. in the meantime, wealthy people have made an extra $300 billion a year. they own the bonds. they own the instruments that actually go up. so she is not saying please, please, fed, lower rates for the people because the people don't matter. they do not care about people. the progressive ideology puts the climate things, this whole climate agenda before people, all...
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Mar 29, 2024
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you are looking at jerome powell, chairman of the federal reserve, markets are closed today, but he's open for pontificating today. let's go to edward lawrence and how this is juxtaposing wrapping up one of the strongest first quarters in the better part of five years. >> reporter: is making a lot of news, the fed chairman saying the fed is not overreacting even though they say better inflation data in the last year and higher inflation data this year at wants to get it right and with the first rate cut they will take their time. >> it support to get this right. with the economy, growth is strong, labor market is strong and inflation is coming down. we can and will be careful with this decision because we can be. >> the inflation is coming in bumpy. inflation went up a little but core inflation without food and energy prices ticked down moving sideways since december. that's the sticky inflation. the report shows people spending more in bringing a little less money reflecting higher prices they are paying, this report, the fed's favored measure of inflation and the cpi report that cam
you are looking at jerome powell, chairman of the federal reserve, markets are closed today, but he's open for pontificating today. let's go to edward lawrence and how this is juxtaposing wrapping up one of the strongest first quarters in the better part of five years. >> reporter: is making a lot of news, the fed chairman saying the fed is not overreacting even though they say better inflation data in the last year and higher inflation data this year at wants to get it right and with the...
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Mar 18, 2024
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jerome powell obviously has to go, we had a committee of a number of expert monetary people and people who are in the know about the economy and the fed policy in those three people that we came up with who we think would be ideal choices are people who you have on your show all the time, art laffer the regular economist and trump economist kevin hassett who was the chairman of the council of economic advisors for trump and then kevin warsh who has served at the federal reserve and understands all these policies. stuart: tell me about your new op-ed president joe biden's magical thinking on taxes, the fallout of the taxes. tell me. if biden gets all of the tax increases that he wants, if he gets them all, what will be the impact of the economy and the debt. >> armageddon, i've been doing this for 40 years i started reviewing presidential budget in 1985 that's almost a 40 year period that's almost a presidential budget under the democratic president, republican presidents and i have to tell you this is by far nothing comes close. even under obama to the financial recklessness of this bu
jerome powell obviously has to go, we had a committee of a number of expert monetary people and people who are in the know about the economy and the fed policy in those three people that we came up with who we think would be ideal choices are people who you have on your show all the time, art laffer the regular economist and trump economist kevin hassett who was the chairman of the council of economic advisors for trump and then kevin warsh who has served at the federal reserve and understands...
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neil: jerome powell is not saying anything to rattle investors, the selloff that we had, and particularly platforms on a record high. nvidia has another record high. and terry weisberg. one minute in the market. a big reversal from yesterday. >> the message coming from powell and his testimony, is market friendly. with the fed it is always fed speak, you have to read between the lines. a little good news and a little bit of cautious news. clearly the message is it is positive. some rate cuts are on the table. he's talking about rate cuts towards the summer. that is what the market wants to hear, not hearing anything terribly negative from him. a little bit of a melt going on today. there are a lot of folks, myself included, we are very comfortable buying short-term treasuries. a lot of cash on the sidelines. nothing more bearish. we are wishing we can put that money to work. neil: you call today melt up. that can have different meanings to a lot of people that you don't want to miss that. others are saying be careful. is there danger and catch a ride? nvidia comes to mind? 3. 9%. 9%. $97
neil: jerome powell is not saying anything to rattle investors, the selloff that we had, and particularly platforms on a record high. nvidia has another record high. and terry weisberg. one minute in the market. a big reversal from yesterday. >> the message coming from powell and his testimony, is market friendly. with the fed it is always fed speak, you have to read between the lines. a little good news and a little bit of cautious news. clearly the message is it is positive. some rate...
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Mar 18, 2024
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powell in terms of trying on to understand when a first rate cut could potentially take place this year. it's worth noting the inflation data did bring down expectations of significant rate cut this year. so let's see what the fed will communicate later on. >> all right. let's hit a couple more headlines. reddit is under investigation by the federal trade commission days ahead of its highly anticipated initial public offering. what's behind this? >> so the ftc sent a letter to reddit to inform the company it was undergoing an investigation -- and i quote them here -- that was essentially looking at the sale, licensing, or using shared generation content of third parties in terms of training ai models. this is a significant development because, of course, we're expecting reddit to start trading on wall street later on this week. we'll see how it impacts business going forward. however, it's worth remembering the main business is online advertising, however, they have started to expand their business in terms of data licensing services. so let's see whether this investigation could impact
powell in terms of trying on to understand when a first rate cut could potentially take place this year. it's worth noting the inflation data did bring down expectations of significant rate cut this year. so let's see what the fed will communicate later on. >> all right. let's hit a couple more headlines. reddit is under investigation by the federal trade commission days ahead of its highly anticipated initial public offering. what's behind this? >> so the ftc sent a letter to...
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Mar 22, 2024
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jerome powell not giving anymore this morning, but certainly we are still thinking that overall we are on pace for three cuts for the rest of the year. i will shine a light on what is happening in china. we did have some big moves in the u.n.. pull back significantly versus the u.s. dollar. versus the chinese currencies. why? we are seeing chinese policymakers allow a bit of weakening in the currency as they set that peggy lower -- peg lower than anticipated. how far we have come, the etf volumes dialing back and we are off a percent for the course of the trading week. ed, what are you looking at in the micro? ed: reddit. we are going to take a day-two look at reddit. on day one it was a 48% jump from the early four dollars ipo price. there is a lot to discuss if you zoom out about this week. we'll talk about sterile labs -- astera labs as well. in the conversation we had with jen wong, we know you have to go back in six months time and say, how did they do? the story continues to be elsewhere. apple, doj, antitrust lawsuit against them. in thursday's session it had a material impact o
jerome powell not giving anymore this morning, but certainly we are still thinking that overall we are on pace for three cuts for the rest of the year. i will shine a light on what is happening in china. we did have some big moves in the u.n.. pull back significantly versus the u.s. dollar. versus the chinese currencies. why? we are seeing chinese policymakers allow a bit of weakening in the currency as they set that peggy lower -- peg lower than anticipated. how far we have come, the etf...
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Mar 8, 2024
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we just heard from fed chair jerome powell really speaking around what exactly the estimates are. and he says, well, the u.s. is ready to put in a few cuts but won't happen just yet because the data still needs to show they are certainly moving towards that 2% figure they've targeted for inflation. so 200,000 is the figure we anticipate out of the nonfarm payrolls today according to the stock exchange group saying 200,000 is the number. remember the average number pre-covid-19 was 200,000 anyway. we're still seeing a hot economy on the basis then where that figure lies. 353,000 was the figure for january. it tells you a significant move we have seen then previously as well when it comes to this data. very significant for the overall inflation print. >> so arabile, this headline caught our eye layoffs surged last month to their highest level since the global financial crisis well more than a decade ago. tell us what this means. is this a sign the labor market could be getting worse amid ongoing inflation and high interest rates or is this something else? >> yeah, so what is actuall
we just heard from fed chair jerome powell really speaking around what exactly the estimates are. and he says, well, the u.s. is ready to put in a few cuts but won't happen just yet because the data still needs to show they are certainly moving towards that 2% figure they've targeted for inflation. so 200,000 is the figure we anticipate out of the nonfarm payrolls today according to the stock exchange group saying 200,000 is the number. remember the average number pre-covid-19 was 200,000...
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powell is keeping the interest rates where they are. i hear where thomasy is coming from. there's a reduction from last year. i don't know what math is going on here. it's a 3% reduction in discretionary, not counting military. we did a number of good things on the appropriations bill no, where near what we can do if president trump is in office and a republican led senate. i studied it very carefully. it's the most conservative bill we could get through bought shutting down the government. maria: do you think we're going to see a shutdown for the next deadline on march 22nd? >> i don't. you know, it's been going on too long. it also is that we need to move on. we can't just be trying to work around the margins and the edges. we have some big things to do. and we also have -- you know what? it's an election year and the only way we're going to get a course correction is with a new president and with new senate leadership and support to bolster our majority. i mean, that's the state of affairs. one thing you're not going to hear tonight
powell is keeping the interest rates where they are. i hear where thomasy is coming from. there's a reduction from last year. i don't know what math is going on here. it's a 3% reduction in discretionary, not counting military. we did a number of good things on the appropriations bill no, where near what we can do if president trump is in office and a republican led senate. i studied it very carefully. it's the most conservative bill we could get through bought shutting down the government....
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Mar 18, 2024
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powell's replacement especially of donald trump comes then, no fan of the central bank chief that he chose. among the names mentioned, by the way, kevin hassett, former chair of the economic council of advisors for donald trump. an economic svengaliinizg. one of those names kind enough to join us right now. are you interested in becoming chairman of the federal reserve? >> what type of comment? 20 years ago i would've loved it. the only time it could happen, neil, is if trump were elected which i think he will be. then you have about a year and half are for the comes up for appointment. by that time, i will be 854 years old. >> neil: [laughs] >> i will have great, great great, great grandchildren. i'm 83 right now. i think it's a little premature to talk about me being fed chairman. 20 years ago, neil, jumped right at that one but not today i don't think. i don't think it makes sense. >> neil: careful, my friend. 83 is the new 82. i'm just telling you. >> okay. >> neil: the age thing notwithstanding, you are one of the fittest, fastest people on your feet that i know. it's something
powell's replacement especially of donald trump comes then, no fan of the central bank chief that he chose. among the names mentioned, by the way, kevin hassett, former chair of the economic council of advisors for donald trump. an economic svengaliinizg. one of those names kind enough to join us right now. are you interested in becoming chairman of the federal reserve? >> what type of comment? 20 years ago i would've loved it. the only time it could happen, neil, is if trump were elected...
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Mar 6, 2024
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federal reserve chairman jerome powell says he still believes there will be a cut in the key interest rate this year. that sent stocks up today. the dow gained 76, the s&p 500 finished ahead 26. the nasdaq rose 92. ♪ tonight a former software engineer at google is being accused of stealing artificial intelligence technology while secretly working with two companies based in china. the justice department says the chinese national was arrested in newark, california. he faces four counts of federal trade secret theft. which is punishable by up to 10 years in prison >> bret: there is renewed bipartisan attention tonight to the perceived threat posed by the social media site tiktok. there are concerns about his -- its chinese ownership and what that could mean for u.s. national security. senior congressional correspondent chad pergram is up on capitol hill tonight with the latest on that. good evening, chad. >> bret, good evening. tiktok boom. a bipartisan breakthrough, a bill curbing tiktok from reaching americans unless the platform secretary of state ties with the chinese government.
federal reserve chairman jerome powell says he still believes there will be a cut in the key interest rate this year. that sent stocks up today. the dow gained 76, the s&p 500 finished ahead 26. the nasdaq rose 92. ♪ tonight a former software engineer at google is being accused of stealing artificial intelligence technology while secretly working with two companies based in china. the justice department says the chinese national was arrested in newark, california. he faces four counts of...
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Mar 20, 2024
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. >> certainly be keeping an eye on that from federal reserve chair jerome powell and the rest this afternoon. some other headlines now. after a more than a century of selling ice cream, the world's largest ice cream company has apparently lost its taste for the business. charlotte, tell us more. >> well, the consumer goods giant announced it would separate its ice cream unit as part of a wider restructuring plan and said the ice cream division which has been underperforming will do better as a separate unit. now, the structuring which also involves 7,500 job cuts should be completed by the end of 2025. and the restructuring would be a simpler, more focused company. it has been under pressure recently particularly from activist investors to overhaul the business to poor performance recently. >> and lastly giant spotify said it paid out $9 billion in streaming royalties last year. what triggered that growth? >> this is spotify's fourth annual report giving a bit of an insight into the streaming music industry. and the 1,250 artists made over $1 million in royalties in 2023. but it's not all ab
. >> certainly be keeping an eye on that from federal reserve chair jerome powell and the rest this afternoon. some other headlines now. after a more than a century of selling ice cream, the world's largest ice cream company has apparently lost its taste for the business. charlotte, tell us more. >> well, the consumer goods giant announced it would separate its ice cream unit as part of a wider restructuring plan and said the ice cream division which has been underperforming will do...
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Mar 5, 2024
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all of that taken into the market and looking forward to jerome powell speaking in congress for two days this week. plus we have employment numbers, jobs data. so the job opening data as welcoming out and private payrolls and adp numbers and friday is the all important payroll data. >> we'll be watching it as the week rolls on. big news yesterday. the european union imposing the first ever anti-trust penalty on a u.s. tech giant and a big one at that. tell us about it. >> it's 1.8 billion euro and $2 billion fine they put forward on apple, saying they tried to corner the market and not allow the likes of spotify to be at play within the european spectrum within the apple devices. this is the biggest mark we've seen in that the european commission has put on a major tech giant, the likes of apple, of course. they said the maximum requirement would have been 500,000 but they said that would not have made a dent on apple ultimately and needed to ensure that it made sense. in retrospect you look at something like this and apple had been warned. but they're saying they will appeal the decisio
all of that taken into the market and looking forward to jerome powell speaking in congress for two days this week. plus we have employment numbers, jobs data. so the job opening data as welcoming out and private payrolls and adp numbers and friday is the all important payroll data. >> we'll be watching it as the week rolls on. big news yesterday. the european union imposing the first ever anti-trust penalty on a u.s. tech giant and a big one at that. tell us about it. >> it's 1.8...
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Mar 29, 2024
03/24
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the fed chair, jerome powell, says close but no cigar. >> february is lower, but it's not as low as most of the good readings we got in the second half of last year. but it's definitely more along the lines of what we want to see. the economy is strong. we don't need to be in a hurry to cut. it means we can wait and become more confident that, in fact, inflation is coming down to 2%. lauren: it feels like it's taking forever. joining me now, chief economist daniel he chi yea. you recently wrote a piece called easing in the middle of persistent inflation may worsen stagflation risk. daniel, you just heard from jay powell. do you think he might agree? >> well, thank you very much, lauren. i think that's the big mistake that we are seeing, is that the inflation reduction act has become the inflation perpetuating mistake. the decision of the government to massively increase spending and massively increase deficit which is, ultimately, printing money has made inflation worse. i am particularly concerned about the fact of the genuine reading has been revised up. the january reading. and the fe
the fed chair, jerome powell, says close but no cigar. >> february is lower, but it's not as low as most of the good readings we got in the second half of last year. but it's definitely more along the lines of what we want to see. the economy is strong. we don't need to be in a hurry to cut. it means we can wait and become more confident that, in fact, inflation is coming down to 2%. lauren: it feels like it's taking forever. joining me now, chief economist daniel he chi yea. you recently...
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Mar 6, 2024
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all eyes will still be on fed chair jerome powell who will be speaking today and tomorrow. congressional testimony that will happen and perhaps a rate of interest rate cuts will be another factor to look out for but sentiment remains but of course we'll await that meeting level. we do have job opening numbers that out a little later on today, plus we have adp employment data and nonfarm payrolls coming out. bitcoin reached an all-time record high yesterday but then tumbled sharply. tell us how that happened? >> yeah, i mean that high of around 69,000 then, what was the big mark to really look out for, that's dropped off quite considerably now, around 68,570 is odd is where we're seeing the price of bitcoin. etf managers managing to get into this as well has managed to push the price higher. significantly, it felt like that was just the market. markets needed to leech off bitcoin and dropped off at 12% in some stages and has been on a tear for quite some time now. whether that is going to happen for an extended period, 73 million up since 2010. the question is this formal tr
all eyes will still be on fed chair jerome powell who will be speaking today and tomorrow. congressional testimony that will happen and perhaps a rate of interest rate cuts will be another factor to look out for but sentiment remains but of course we'll await that meeting level. we do have job opening numbers that out a little later on today, plus we have adp employment data and nonfarm payrolls coming out. bitcoin reached an all-time record high yesterday but then tumbled sharply. tell us how...
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Mar 6, 2024
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but jerome powell has steered the conversation to return to policy. he has indicated this morning that the assessing the economic data as it comes in, to start bringing interest rates down most likely this year. no specifics on when, but he does say the economy has made considerable progress and that inflation has eased substantially in the last year. as the opening bell rang this morning,úfootlocker stock dropped 27% after a disappointing quarterly report, analysts point out price cuts hurt margins, but foot locker contends it does have a long terme plan that includes new formats for its stores and investing in technology to enhance the customer experience. taking you live to the new york stock exchange now, numbers have risen quite a bit in the last hour, with the dow jones now up 240 points, more than half of a percent, the s&p 500 up more than three quarters of a percent back above 5100 this morning. and the nasdaq up also about three quarters of a percent, 16,068 for the nasdaq. google laid off dozens of unionized youtube contractor workers for
but jerome powell has steered the conversation to return to policy. he has indicated this morning that the assessing the economic data as it comes in, to start bringing interest rates down most likely this year. no specifics on when, but he does say the economy has made considerable progress and that inflation has eased substantially in the last year. as the opening bell rang this morning,úfootlocker stock dropped 27% after a disappointing quarterly report, analysts point out price cuts hurt...
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Mar 27, 2024
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. >> well, it surprised me that fed chair, jerome powell, said we'll cut rates three times as the dot plot says. maria: that surprised me too. >> they're talking about how frothy conditions are. you're seeing that with some semiconductor stocks, nvidia, adam, they're so high, trade at such a high premium to where they normally trade at, you've got net worths at the h highest levels in u.s. history, you've got gold up, bitcoin up. .if the fed cuts too early, it will add fuel to the fire. maria: at a time when we're finally seeing activity in the capital markets in terms of ipos here and there, m&a. johnson & johnson in talks to acquire shock wave medical, shock wave has a market value of nearly $12 billion. ups' ceo says that ups is actively looking at m&a opportunities in healthcare. they made a couple acquisitions for boomy and mnx global logistics but the ceo of ups says that both of those acquisitions will, quote, enhance our capabilities, particularly in cold chain. isn't this interesting that you're seeing ups go for healthcare? >> it's interesting to see them diversify. they obv
. >> well, it surprised me that fed chair, jerome powell, said we'll cut rates three times as the dot plot says. maria: that surprised me too. >> they're talking about how frothy conditions are. you're seeing that with some semiconductor stocks, nvidia, adam, they're so high, trade at such a high premium to where they normally trade at, you've got net worths at the h highest levels in u.s. history, you've got gold up, bitcoin up. .if the fed cuts too early, it will add fuel to the...
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Mar 7, 2024
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at a house hearing, jerome powell noted that price hikes have definitely slowed from the 40-year highs of 2022. but he said the central bank does not want to act prematurely. chair powell: we think because of the strength in the economy and the strength in the labor market and the progress we've made, we can approach that step carefully and thoughtfully and with greater confidence, and when we reach that confidence -- the expectation is we will do so some time this year -- we can then begin dialing back the restriction on our policy. >> for now, inflation remains slightly above the fed's target of 2 percent, on an annual basis. in haiti, politicians began trying to form a new governing coalition as the caribbean nation remained largely paralyzed by gang violence. the gangs have demanded that prime minister ariel henry step aside or face a possible civil war. the u.s. state department called today for henry to respond. mr. miller: we are not calling on him, or pushing for him, to resign, but we are urging him to expedite the transition to an empowered and inclusive governance structure
at a house hearing, jerome powell noted that price hikes have definitely slowed from the 40-year highs of 2022. but he said the central bank does not want to act prematurely. chair powell: we think because of the strength in the economy and the strength in the labor market and the progress we've made, we can approach that step carefully and thoughtfully and with greater confidence, and when we reach that confidence -- the expectation is we will do so some time this year -- we can then begin...
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david: you wouldn't know this guy because if donald trump is elected in 2026, when jerome powell has to go away a donald trump said he will describe my be the next head of the fed right. john: deadly he would be one of the best of the heads of the fed we've had in a very long time because he has a very good analytical mind and he looks out the data and is able to say, you know this is what is happening in the economy and he does not just stick to a narrative and he actually says, it was the what is happening is on point to adjust the policy based on that. david: one thing that i think it would agree with kevin as he does disagree with thousands eight the only way to get inflation down is by having a recession he justly you have growth and lower inflation at the supply-side ocean right. kevin: right i think you can but again don't forget that the government debt held by the public with a by more than gdp right is that when you have fiscal policy, just putting the vital to the middle of the fed is really nowhere to be able to get to 2 percent so unable of the respecting the road for wa
david: you wouldn't know this guy because if donald trump is elected in 2026, when jerome powell has to go away a donald trump said he will describe my be the next head of the fed right. john: deadly he would be one of the best of the heads of the fed we've had in a very long time because he has a very good analytical mind and he looks out the data and is able to say, you know this is what is happening in the economy and he does not just stick to a narrative and he actually says, it was the...
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Mar 25, 2024
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jerome powell is set to speak on the interest rate cuts. how soon will they come? when will they come? speaking of data, the u.s. spenldsing data is due to come out on friday, despite that being good friday, of course. they're hoping it's good news when it comes to the data front. 0.3% is the inflation front that's anticipated. it's the fed's most preferred inflation rate to watch out for. >>> hitting a couple of other headline, arabile, united airlines is under new scrutiny following a string of safety issues in recent weeks. tell us what's going on there. >> they've faced quite a few issues. we've all been looking at boeing, especially after that fuselage door back in early february. but actually in the last few weeks, they've had issues themselves. on march 15 ft, an external panel was found to be missing from a united aircraft and landed in oregon, which prompted an faa investigation. before that, united airlines' 737 max rolled onto the grass in houston. another 777, which was bound for japan, lost a tire after takeoff from san francisco and then was diverted
jerome powell is set to speak on the interest rate cuts. how soon will they come? when will they come? speaking of data, the u.s. spenldsing data is due to come out on friday, despite that being good friday, of course. they're hoping it's good news when it comes to the data front. 0.3% is the inflation front that's anticipated. it's the fed's most preferred inflation rate to watch out for. >>> hitting a couple of other headline, arabile, united airlines is under new scrutiny following...
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Mar 29, 2024
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waller didn't get super specific and we'll be waiting to hear an echo from federal chair jerome powell if that's something he agrees with. they're saying even though inflation has made tons of progress but they don't quite feel absolutely confident that is something that will stick, that inflation is steadily on the road to a more normal target. and until they feel that way, they're not going to be in a rush to cut rates. >> we'll be carefully watching all of this in the weeks ahead. and one more for you, rachel, a huge headline. sam bankman-fried, the one time crypto king whose ftx exchange collapsed and left investors truly scrambling was sentenced yesterday to 25 years in federal prison. just a remarkable downfall for him personally, but let's take a wider lens. what do we think this means for the crypto industry? >> well, there are a few pieces i think are fair to expect to come in the future. first, there's obviously this piece of continuing to make the customers and victims of the sam bankman-fried scheme whole. that's one piece still being resolved. and then there's this regulat
waller didn't get super specific and we'll be waiting to hear an echo from federal chair jerome powell if that's something he agrees with. they're saying even though inflation has made tons of progress but they don't quite feel absolutely confident that is something that will stick, that inflation is steadily on the road to a more normal target. and until they feel that way, they're not going to be in a rush to cut rates. >> we'll be carefully watching all of this in the weeks ahead. and...
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powell has told congress he believes the central bank will dial back interest rates this year. and now we take a live look at the new york stock exchange on this friday morning. we are in positive territory, up 133 points. >> australia's great barrier reef is suffering a mass bleaching event. the reef's marine park authority says it's because of soaring ocean temperatures caused by the global climate crisis. this is the seventh mass bleaching event to hit the site in eight years. bleaching happens when stressed coral ejects algae from within its tissue, depriving it of a food source. if the water temperature remains higher than normal for too long, coral can starve and die. >> stunning video shows the moment a husband and wife got really close to a whale shark. this is off the coast of new zealand. the couple the couple captured the underwater encounter during their recent trip. experts say the whale shark is considered the largest fish in the sea. they are huge and harmless, the couple says. they are keeping an eye out for manta rays, and that's when the whale shark made its a
powell has told congress he believes the central bank will dial back interest rates this year. and now we take a live look at the new york stock exchange on this friday morning. we are in positive territory, up 133 points. >> australia's great barrier reef is suffering a mass bleaching event. the reef's marine park authority says it's because of soaring ocean temperatures caused by the global climate crisis. this is the seventh mass bleaching event to hit the site in eight years....