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Apr 21, 2024
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narrator: jay and tanya were using jay's family van. the trip was just over 100 miles, but since they had to take a couple of ferries, it was going to take some time. so instead of rushing home, they planned to stay overnight once they got to seattle. my dad had given them enough money to stay in a hotel. as it turned out, they chose to save that money and sleep in the van instead. narrator: jay and tanya didn't make it to the next morning's appointment. they didn't call the client, and they didn't call home. no one knew where they were. my parents were very concerned right away, by that afternoon, that something was amiss. narrator: days passed. police on both sides of the border mounted searches. so did jay and tanya's families. my dad had an acquaintance who had a small airplane. they did a flyover of the olympic peninsula and out towards the cascade mountains, just sort of looking for the needle in the haystack. unfortunately, it didn't turn up anything. narrator: six days after jay and tanya left canada, a man collecting cans in a
narrator: jay and tanya were using jay's family van. the trip was just over 100 miles, but since they had to take a couple of ferries, it was going to take some time. so instead of rushing home, they planned to stay overnight once they got to seattle. my dad had given them enough money to stay in a hotel. as it turned out, they chose to save that money and sleep in the van instead. narrator: jay and tanya didn't make it to the next morning's appointment. they didn't call the client, and they...
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Apr 7, 2024
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-jay did. keefe: the address was handwritten. a handwriting analyst compared the writing on the address portion of the package with jay brooks' handwriting. narrator: that analysis proved who filled out the packing label. beyond a degree of scientific certainty, this was jay brooks' handwriting. narrator: the blood from the horse barn finally came back with a match to jack reid's dna. this, along with the luminol evidence and the confessions, left no doubt about what happened, where it happened, and who did it. wilson: jurors can say, "okay, these co-defendants, even though they cut a deal with the state, they're telling me the truth." narrator: detectives believe john brooks planned jack reid's murder for months, if not years. brooks and his co-conspirators used a burner phone to make jack think there was work for him at the isolated horse barn. once inside, they subdued him and then beat him to death with a sledgehammer, which was never found. i come down with the hammer like this, and i hit him on the side of the head. detecti
-jay did. keefe: the address was handwritten. a handwriting analyst compared the writing on the address portion of the package with jay brooks' handwriting. narrator: that analysis proved who filled out the packing label. beyond a degree of scientific certainty, this was jay brooks' handwriting. narrator: the blood from the horse barn finally came back with a match to jack reid's dna. this, along with the luminol evidence and the confessions, left no doubt about what happened, where it...
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Apr 7, 2024
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jay: the answer is no and i'm grateful for that. it is largely because i believe that what kim and i are building is unlike anything else being built in this space. it is a very intentional combination of complementary skill sets that other firms do not have. david: right now, the private equity world, it's tough to get financing for deals and so forth. are you going to do buyouts that require financing or growth capital deals, which don't need as much or any? jay: our strategy is consistent with what i have done in the past, which was unreliant on leverage. it's about great execution on value, not the marginal leverage. in some instances, when the company is can use it, we will use a little bit, but it's about getting behind the right ideas. david: wheheal come along, i presume you are on the investment committee, is it a one-person veto if you don't like the deal? how does that work? kim: well, so far, we have not run into that issue. we respect each other's opinion and trust each other. i think culturally we have the same vision
jay: the answer is no and i'm grateful for that. it is largely because i believe that what kim and i are building is unlike anything else being built in this space. it is a very intentional combination of complementary skill sets that other firms do not have. david: right now, the private equity world, it's tough to get financing for deals and so forth. are you going to do buyouts that require financing or growth capital deals, which don't need as much or any? jay: our strategy is consistent...
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Apr 17, 2024
04/24
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i think the market figured it as jay powell had said. it doesn't make sense the june cut given where inflation is right now. >> right now we see two sectors, utilities and also real estate. in your mind, what does that signal? it feels like days ago. i was a couple of weeks ago. everybody is talking about this broadening of the market and now we're seeing contraction. >> two sectors are real estate and utilities. you've got inflation, you've got a fed that can't be cutting interest rate sensitivity. that's not what you want on your equity exposure. you want companies participating the growth, and real estate and utilities don't do that. >> again, your w.e.x. word of the day is "premonetary," waiting for something bad to happen. you seem to be a boxing fan. you gave us notes, an old mike tyson quote. everybody is surprised until they get punched in the mouth. it had to be a bit of a surprise. what do you advise clients to do? >> i think you've got to have a plan to stuck to when you do get that pup. in the mouth. that's when it's difficul
i think the market figured it as jay powell had said. it doesn't make sense the june cut given where inflation is right now. >> right now we see two sectors, utilities and also real estate. in your mind, what does that signal? it feels like days ago. i was a couple of weeks ago. everybody is talking about this broadening of the market and now we're seeing contraction. >> two sectors are real estate and utilities. you've got inflation, you've got a fed that can't be cutting interest...
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Apr 4, 2024
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futures, as jay powelfirmse federal cut rates this year. but he says the central bank is in no rush to listen policy. >> losing rates too soon or too much could result in reversal of the progress we have seen on inflation and ultimately require even tighter policy to get inflation back to 2%. lizzy: oil rolls on, brent crude flows with $90 a barrel as opec+ sticks with supply cuts through. janet yellen goes to beijing. the u.s. treasury secretary warns against decoupling from china, but says trade must be on a level playing field. good morning, welcome to thursday. jay powell sticking to the script yesterday, wait and see mode is still where the fed is at, and that gave relief to stocks and bonds yesterday. futures pointing to an even higher opening this morning on both sides of the atlantic. if we flip over to the cross as a picture, ultimately, the fed chair's comments didn't really move the dial when it comes to where the markets are in terms of bets for when the fed cuts are coming. you had treasuries ending broadly higher yesterday, bu
futures, as jay powelfirmse federal cut rates this year. but he says the central bank is in no rush to listen policy. >> losing rates too soon or too much could result in reversal of the progress we have seen on inflation and ultimately require even tighter policy to get inflation back to 2%. lizzy: oil rolls on, brent crude flows with $90 a barrel as opec+ sticks with supply cuts through. janet yellen goes to beijing. the u.s. treasury secretary warns against decoupling from china, but...
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Apr 4, 2024
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to doing a few deals with jay when he was at the carlyle group. so, for about 10 years we had conversations. whether it was through something we were going to do or something people close to us were going to do and i was privy to all of those conversations. it we finally had the conversation that we should really get into business together. it has been a fascinating process. david: the name of your firm is sky partners. sky is usually spelled sky. yours is skky. how did you come up with that name? kim: we had to have a little bit of influence. i thought, j sammons, i thought the s first sammons and kk, kim kardashian. david: you have been exposed to the private equity world for a little bit of time. you have met investors here and around the world. what is your view of the private equity investment community that -- the most honest people you have ever met? kim: very, very nice people. i actually have been introduced to the world. a lot of my friends growing up are in this space now. i'm on a group chat where i'm being asked all the time about dif
to doing a few deals with jay when he was at the carlyle group. so, for about 10 years we had conversations. whether it was through something we were going to do or something people close to us were going to do and i was privy to all of those conversations. it we finally had the conversation that we should really get into business together. it has been a fascinating process. david: the name of your firm is sky partners. sky is usually spelled sky. yours is skky. how did you come up with that...
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Apr 29, 2024
04/24
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jay: jay pelosky here, really enjoy your work. when you say game changer, global game changer, what exactly do you mean? does this mean the robo taxi is coming sooner? does this accelerate the process? what is the game changing nature of this particular move? dan: that is a great question. autonomous fsd, when you talk about the golden vision, it cannot happen without china. so this is the missing piece in the puzzle. the fact that they got this clearance from beijing, that is why it is important in terms of longer-term what tesla can achieve not just in china but globally when it comes to fsd, and i think this is just a start. this is a win for the chinese company as well. it is not just talk, but walking the walk. i think it is a historical moment for tesla in its fsd efforts. jay: if i can follow up on that, we have a thesis at dpw advisory -- tpw advisory where china and the u.s. are isolating their tech stacks and that creates a lot of opportunity within china tech. i am wondering how you think about that. you said this obvio
jay: jay pelosky here, really enjoy your work. when you say game changer, global game changer, what exactly do you mean? does this mean the robo taxi is coming sooner? does this accelerate the process? what is the game changing nature of this particular move? dan: that is a great question. autonomous fsd, when you talk about the golden vision, it cannot happen without china. so this is the missing piece in the puzzle. the fact that they got this clearance from beijing, that is why it is...
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Apr 13, 2024
04/24
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it might be that jay powell thinks it's a danger to jay powell, because president trump told me in an interview in february that he would not reappoint jay powell. [laughter] >> that's right. but jay powell's there until 2026. at that point he's another one that's going to be 80 years old. at that point maybe it's time to step back anyway. to your point, yes, maybe he's also trying to protect himself for a potential third term at the fed. i'm not sure why he'd want to stay another term at the fed after, you know, what he's been through, but that's a whole other conversation. one way or the other, i do think that it's inpoint if -- inappropriate for the president to come out and say we're going to get in this rate cut. while it may be pushed off a month, i fully expect it to come. meanwhile, unless the data changes i don't see how the fed can convince everyone that it's necessary to cut rates and stimulate the economy when our economy is functioning on all 12 cylinders and is doing a very fine job are even with rates at 5.25%. which, by the way, you and i know are historically normal.
it might be that jay powell thinks it's a danger to jay powell, because president trump told me in an interview in february that he would not reappoint jay powell. [laughter] >> that's right. but jay powell's there until 2026. at that point he's another one that's going to be 80 years old. at that point maybe it's time to step back anyway. to your point, yes, maybe he's also trying to protect himself for a potential third term at the fed. i'm not sure why he'd want to stay another term at...
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maria: what is transitory when i asked about jay powell here is what he said. >> jay powell fed chairman is talking about a soft landing you do you believe we will see a soft landing. >> i think he is going to do something, to probably help the democrats, i think if he lowers interest rates but you have potential massive inflation again, because the middle east could drive up precise of energy he is not able to do anything but looks to me like trying to lower interest rates for the sake of maybe getting people elected i don't know. maria: you think political going to cut rates. >> i think he is political yeah. maria: would you reappoint jay powell? >> this no, i wouldn't do that. >> you wouldn't. >> no. maria: because? he missed inflation. >> he did miss but i wouldn't be -- >> that was february 4, joel, when president trump said inflation will reignite because of oil how this is playing out. adam: called it right then not many in february earning inflation would pick up. maria: president trump was. >> he called it right at that point, now i think you are seeing a lot more people on the
maria: what is transitory when i asked about jay powell here is what he said. >> jay powell fed chairman is talking about a soft landing you do you believe we will see a soft landing. >> i think he is going to do something, to probably help the democrats, i think if he lowers interest rates but you have potential massive inflation again, because the middle east could drive up precise of energy he is not able to do anything but looks to me like trying to lower interest rates for the...
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Apr 7, 2024
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rappers like jermaine dupri, jay-z, and ja rule were saying to the world, "can you believe this? "this is about survival and surviving racism racism in america and we're gonna share this with the world. - ♪ uh-oh another episode ♪ ♪ what do i do ♪ ♪ to everybody that be living it up ♪ ♪ we say what i do ♪ - hip-hop's no longer sort of the bratty kid on the block. it's actually the predominant music. and then what really takes it over the top is a young rapper from detroit. - we're gonna have a problem here. ♪ y'all act like you've never seen a white person before ♪ - in 2000 eminem puts out "the marshall mathers lp--" marshall mathers being eminem's real name. and suddenly the biggest star in hip-hop is eminem, bar none. - ♪ 'cause i'm slim shady yes i'm the real shady ♪ ♪ all you other slim shadys are just imitating ♪ ♪ so won't the real slim shady please stand up ♪ - eminem came from a white working class background. and those are the stories he told. it just put him on a different level because he brought his own authenticity to the game. - dj,
rappers like jermaine dupri, jay-z, and ja rule were saying to the world, "can you believe this? "this is about survival and surviving racism racism in america and we're gonna share this with the world. - ♪ uh-oh another episode ♪ ♪ what do i do ♪ ♪ to everybody that be living it up ♪ ♪ we say what i do ♪ - hip-hop's no longer sort of the bratty kid on the block. it's actually the predominant music. and then what really takes it over the top is a young rapper from...
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Apr 27, 2024
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and would you say that john jay and john adams and ben franklin agreed on the goals initially? not at all for different reasons. adams and john jay are very to make a peace without the involvement of the french franklin because of his years at versailles has very very close relationships with especially the french minister whom he has promised that he will never negotiate without the involvement of france in negotiating a kind of without the involvement of france and. ultimately, john jay and john adams will prevail over franklin and the pieces negotiated any conference with the french the task of explaining that afterward will fall to franklin who has to make a somewhat humiliating trip to versailles to explain what he has with the assistance of his colleagues just done so. stacy schiff, as we mentioned, we're here in the ben franklin room at the department of state. there is a table here, the treaty of paris table. what is? that it's this modest desk which if you look at it closely, you realize is the beating heart of american history. because is it it is the desk at which we
and would you say that john jay and john adams and ben franklin agreed on the goals initially? not at all for different reasons. adams and john jay are very to make a peace without the involvement of the french franklin because of his years at versailles has very very close relationships with especially the french minister whom he has promised that he will never negotiate without the involvement of france in negotiating a kind of without the involvement of france and. ultimately, john jay and...
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breaking now, jay powell on the defensive. he spoke two hours ago as the fed deals with so many conflicting economic trends and there are concerns with the fed being too political. wait until you hear what powell had to say about that. learn the difference between hard and soft data, when will investors value value stocks? one year ago she gave you two stocks up 220% and 175%, one year ago today. find out where sarah kunst is buying right now. gen-z says they need 1.6 mil to retire in style. the good news they started early. the bad news, they ain't making much traction. here is the question, how much do you need to retire comfortably and tweet me @cvpayne. you don't want to hear my take on the wall street jobs report no matter what the print is on monday. all that and. more on "making money" ♪ charles: there has been a hesitant start to the quarter. this is monster first quarter. let's look at the first quarter one more time, put it in perspective. large cap u.s. stocks up almost 11%. commodities, all kinds of things that w
breaking now, jay powell on the defensive. he spoke two hours ago as the fed deals with so many conflicting economic trends and there are concerns with the fed being too political. wait until you hear what powell had to say about that. learn the difference between hard and soft data, when will investors value value stocks? one year ago she gave you two stocks up 220% and 175%, one year ago today. find out where sarah kunst is buying right now. gen-z says they need 1.6 mil to retire in style....
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Apr 8, 2024
04/24
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coming up, nbc's jay gray had jwill join us with a live update from texas in one of the cities that will see the eclipse today. hi, michelle. >> it's all about location, location, location. some of uscing re seeing really forecasts, some of us not. clouds, rain, snow, not the greatest weather there. plains in the midwest. we're looking at mostly cloudy skies. the east coast mostly sunny at times. we could see high clouds moving in. there's the path of totality. we are looking for a chance of some storms in the southern plains. we're looking at morgan chesky in kerriville, texas looking at 80%. al roker, our friend and priscilla thompson in dallas. bloomington, indiana, 50%. 30% in little rock, where chase cain is going to be. and as we head further to the north, new england, so good where kate snow is going to be. she is the lucky one. we're looking at portions of maine with 0% cloud cover. >> we'll share our stories after. >>> taking a turn. a terrifying flight bound for houston. these videos appear to show the protective cover that houses the engine peeling back and falling off. it str
coming up, nbc's jay gray had jwill join us with a live update from texas in one of the cities that will see the eclipse today. hi, michelle. >> it's all about location, location, location. some of uscing re seeing really forecasts, some of us not. clouds, rain, snow, not the greatest weather there. plains in the midwest. we're looking at mostly cloudy skies. the east coast mostly sunny at times. we could see high clouds moving in. there's the path of totality. we are looking for a chance...
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Apr 10, 2024
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maria: president trump on jay powell. >> jay powell the fed chairman talking about a soft landing do you believe we will see a soft landing. >> well, i think he is going to do something, to probably help democrats, yeah. i think if he lowers interest rates. but you have the potential of having massive inflation again, because the middle east could drive up the price of energy he is not able to do anything, but looks to me like trying to lower interest rates for the sake of maybe -- getting people elected i don't know. maria: you think he is political going to cut rates -- >> i do i think he is political yeah. maria: would you reappoint jay powell? >> no, i wouldn't do that. >> because? >> he missed inflation. >> did miss he did miss no, i wouldn't be -- >> barry knapp your take on backdrop here, what jay powell needs to do. you know, we saw that jobs number the other day that everybody was celebrating 300 jobs created in march then started really zeroing in realized much job creation was part time, a lot of jobs given to foreign born not american citizens, so can we look at the jobs
maria: president trump on jay powell. >> jay powell the fed chairman talking about a soft landing do you believe we will see a soft landing. >> well, i think he is going to do something, to probably help democrats, yeah. i think if he lowers interest rates. but you have the potential of having massive inflation again, because the middle east could drive up the price of energy he is not able to do anything, but looks to me like trying to lower interest rates for the sake of maybe --...
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Apr 26, 2024
04/24
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did he speak with jay powell? is he messaging jay powell? why did he say that? >> if jay powell is taking directions from joe biden we're in a lot of trouble and the problem with inflation is not going to go away anytime soon. it will be with us in november and joe biden will pay for that. maria: yeah. brenda, have you changed the way you invest because inflation remains sticky, because its staying at elevated levels here and it's not -- nowhere near the fed's target of 2%? >> the last time we were talking before the march cpi i remember saying something to you specifically, that if we saw another high print after january, february, things would change and that's exactly what we've seen. we've seen the s&p off 5 and-a-half percent since the march highs. we have the 10 year at 4.7%. i do think the repricing of fixed income has happened. maybe we go up to 4.75 today. i don't think we'll see a pce number that we like but i do think that fundamentally we're going to see the 10 year fall to 3.8 by the end of the year. maria: seems unlikely to me too. brenda, great to
did he speak with jay powell? is he messaging jay powell? why did he say that? >> if jay powell is taking directions from joe biden we're in a lot of trouble and the problem with inflation is not going to go away anytime soon. it will be with us in november and joe biden will pay for that. maria: yeah. brenda, have you changed the way you invest because inflation remains sticky, because its staying at elevated levels here and it's not -- nowhere near the fed's target of 2%? >> the...
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Apr 21, 2024
04/24
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we're calling him �*jay�*. we catch up with them on a saturday night as they prepare to buy ketamine from a dealer they found online. i was hoping to pick up a minute ago. the guy has seen a police car where i am and just, cos i'm not from the area, driven off. and how did you find that dealer? so, it was just as easy as messaging a friend on facebook, saying, "hey, do you know anyone with k "in bristol area?" and then, yeah, i was sent the menu and a number and it'sjust a case of messaging. it's, "what do you want? "where do you want to meet?" as easy as that. it runs through snapchat as well, facebook messenger. from the minute you wake up, all through the night, i get messages. active till liam, active till 5am. and people arejust serving all the time. it is literally everywhere you go. both beth and jay are in their 20s and have been using ketamine for quite a few years after first trying it as teenagers. yeah, the first time i ever had a line of ketamine was at a free party. yeah, same. a little shindig ha
we're calling him �*jay�*. we catch up with them on a saturday night as they prepare to buy ketamine from a dealer they found online. i was hoping to pick up a minute ago. the guy has seen a police car where i am and just, cos i'm not from the area, driven off. and how did you find that dealer? so, it was just as easy as messaging a friend on facebook, saying, "hey, do you know anyone with k "in bristol area?" and then, yeah, i was sent the menu and a number and it'sjust a...
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Apr 8, 2024
04/24
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jay gray, thank you very much. chris jansing, over to you. i'm filling in for you today, this is your normal hour, but we still get a chance to see you. talk to me about what it's like out there? >> reporter: it is unbelievable, katy, so it's so exciting and the excitement is building. i've got my sunglasses on. look what an amazing northeast ohio day we have. kids playing in the water, and now they've got their glasses on because the partial eclipse has just started. is it? lots of families out here together. this happens to be my family, so we don't need to concentrate on them too much. but honestly, people have been coming here from all over the united states, and boy did they get lucky because it is something special. nathan and juliana are here. they have been reading, waiting for the total eclipse. are you excited? >> oh, yeah, super, super excited. >> why? why did you have to come out for this. >> we have never seen it. it might be once in our lifetime. >> yeah, and this is the perfect place to watch it, we felt, and it was a pretty sh
jay gray, thank you very much. chris jansing, over to you. i'm filling in for you today, this is your normal hour, but we still get a chance to see you. talk to me about what it's like out there? >> reporter: it is unbelievable, katy, so it's so exciting and the excitement is building. i've got my sunglasses on. look what an amazing northeast ohio day we have. kids playing in the water, and now they've got their glasses on because the partial eclipse has just started. is it? lots of...
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Apr 29, 2024
04/24
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how does jay powell process these two reports? obviously, the markets and the economy are two different things. >> i think jay powell made a good comment about talking about numbers. u.s. is a large economy. it doesn't mean it is a hot economy, it is just a large economy. the estimates are startlistartl. two years ago, they said was 941,000. now 3.3 million. that is clearly having an impact on the demand. you see supply is catching up, but when you have increased demand, supply has to catch up i still think that we are going to have a cut this year. >> you are saying it is not reliable >> it does give you reliable you saw the number insurance is going up. one goes up and the other goes down you have to look at the composed number if you are sitting down and thinking is inflation at 3.5 no do we go to the shop every day there is a measure and there is a measure. i think jay powell has to sit back and take notice he looked through the price increases on the good side and increased rates much higher. he will look again and do it late
how does jay powell process these two reports? obviously, the markets and the economy are two different things. >> i think jay powell made a good comment about talking about numbers. u.s. is a large economy. it doesn't mean it is a hot economy, it is just a large economy. the estimates are startlistartl. two years ago, they said was 941,000. now 3.3 million. that is clearly having an impact on the demand. you see supply is catching up, but when you have increased demand, supply has to...
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Apr 3, 2024
04/24
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at 5:10 p.m., we will hear from fed chair jay powell. coming up, president biden says israel is not doing enough to protect civilians in gaza after seven aid workers were killed in israeli airstrikes. more on that, next. this is bloomberg. ♪ lizzy: welcome back to "bloomberg daybreak: europe." we will get the latest on the geopolitical situation in the middle east. the human toll is the focus, the death of aid workers in gaza. has to be said the geopolitical risk is feeding into the oil price. we have seen immense action in the oil space. wti crude hitting $85 a barrel for the first time since october. currently trading at $85.18. brent at $89 a barrel as well. questions are flying as to whether this is because of geopolitical risk and china optimism, or whether it might be about falling inventories. i got a note yesterday from sab's commodities team pointing out not a single drop of oil has been lost to recent events in the middle east, except for some rerouting around africa. what you have is a tight market and a steadfast opec-plus.
at 5:10 p.m., we will hear from fed chair jay powell. coming up, president biden says israel is not doing enough to protect civilians in gaza after seven aid workers were killed in israeli airstrikes. more on that, next. this is bloomberg. ♪ lizzy: welcome back to "bloomberg daybreak: europe." we will get the latest on the geopolitical situation in the middle east. the human toll is the focus, the death of aid workers in gaza. has to be said the geopolitical risk is feeding into the...
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Apr 16, 2024
04/24
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it was the story of jay powell. we have spoken about the last mile of disinflation, whether it will take longer for the final stretch to get price pressures down to the target for the fed. not enough progress has been made. that is reflected through bond yields. we see them at year to date highs across the curve. the focus is on powell, speaking at a panel discussion alongside the bank of canada governor in washington. here is what he is saying about how much more patience is needed. >> we have said we will need greater confidence inflation is moving sustainably toward 2% before it would be appropriate to ease policy. we took that cautious approach and sought greater confidence to not overreact to the low inflation in the second half of last year. annabelle: for more, let's bring in sylvia jablonski, ceo / cio / co-founder, defiance etfs. sylvia: perhaps a little change of tune in the messaging from powell, but does it come as any surprise to you? i don't think his message is super different. the numbers came in une
it was the story of jay powell. we have spoken about the last mile of disinflation, whether it will take longer for the final stretch to get price pressures down to the target for the fed. not enough progress has been made. that is reflected through bond yields. we see them at year to date highs across the curve. the focus is on powell, speaking at a panel discussion alongside the bank of canada governor in washington. here is what he is saying about how much more patience is needed. >>...
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Apr 23, 2024
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benjamin franklin and john jay. is that the original of paris that we're looking at? this is a copy. but the desk is real. the desk is the absolute that everyone sat and signed. now this desk was also used in a new miniseries. yes. executive produced by author stacy schiff. that's correct. and we were certainly interested in this series because it explores a life of benjamin franklin in paris right at the time that he became a diplomat and some extraordinary things brought france into the american revolution and allowed us a clear advantage. to get this desk over to paris. mm hmm. what. what did that entail? oh, it was extraordinary. with something like a national treasure. certainly, we. we the job very seriously. but we wanted so much to share this piece nationally for other people to know that we haven't it's failed to be seen here at the department state. virginia hart this is a french desk, isn't it? since it was signed over in paris or not? it's a british maid and it belonged to the british commissioner who had this in his apartment, the time of the signing. wha
benjamin franklin and john jay. is that the original of paris that we're looking at? this is a copy. but the desk is real. the desk is the absolute that everyone sat and signed. now this desk was also used in a new miniseries. yes. executive produced by author stacy schiff. that's correct. and we were certainly interested in this series because it explores a life of benjamin franklin in paris right at the time that he became a diplomat and some extraordinary things brought france into the...
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Apr 17, 2024
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we did hear jay powell reiterating the need for patients overnight. caution on the outlook for rate cuts as well given that the last mile of disinflation is proving to be very sticky to bring down. haidi: as long as needed was the wording that we had from jay powell. take a look at how u.s. futures are coming into the session. seeing a little bit of muted upside, about .1%. this is seen potentially as a shift in his message following a third straight month in which we saw the key measuring of inflation beating analyst forecasts. it also paints a picture of a fed that sees very little urgency to cut rates. any reductions could come relatively late in the year if at all. there are still some analysts seeing two to three rate cuts. coming up in the next hour, here why they believe chinese equity markets can trend higher even with its blemished economy. our markets coverage continues. the is next. ♪ >> more recent data shows solid growth in the labor market and a lack of further progress so far and returning to a 2% inflation goal.
we did hear jay powell reiterating the need for patients overnight. caution on the outlook for rate cuts as well given that the last mile of disinflation is proving to be very sticky to bring down. haidi: as long as needed was the wording that we had from jay powell. take a look at how u.s. futures are coming into the session. seeing a little bit of muted upside, about .1%. this is seen potentially as a shift in his message following a third straight month in which we saw the key measuring of...
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Apr 11, 2024
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why don't we start first with the fed chief, jay powell? here's a i go who doesn't get any credit for anything. he is the rodney dangerfield of central bankers. he's constantly being second-guessed, like he's clueless. that's just plain moronic. powell's a pragmatic individual who doesn't surrender to politics or orthodoxy. he's the least promotional public figure in america today. he had to deal with a once-in-a-lifetime pandemic which caused elected leaders to spend money like crazy. he accepted it. he never bemoaned it. when he realized the pandemic was under control he raised rates 11 times to stamp out inflation. each time inflation snapped back so he had to keep tightening. he realized there could be negative consequences if he didn't stop. that's right. we're now in a situation where inflation has cooled, cooled dramatically, even if it's still too high, and we also have an aband absurdly strong job market. it's just too strong to justify cutting rates. so it's time for powell to stand pap pat and see what happens. there's nothing wr
why don't we start first with the fed chief, jay powell? here's a i go who doesn't get any credit for anything. he is the rodney dangerfield of central bankers. he's constantly being second-guessed, like he's clueless. that's just plain moronic. powell's a pragmatic individual who doesn't surrender to politics or orthodoxy. he's the least promotional public figure in america today. he had to deal with a once-in-a-lifetime pandemic which caused elected leaders to spend money like crazy. he...
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Apr 25, 2024
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>> you know, it is jay powell who has preempted what is coming he set the stage for higher for longer the fed funds futures have adjusted what has not adjusted is the broad multiple across the stock market and that is why you are seeing quite a bit of blood in the streets at moment. >> gina, thank you colorful language. blood that streets a lot of people are scratching their heads. gina, thank you. for more on what is driving the markets and trading day ahead, head to cnbc pro at cnbc.com/pro >>> coming up on "worldwide exchange," throw out the $50,000 price tags because at the beijing auto show, we very broad appeal that's where we find our eunice yoon >> reporter: thank you, frank. elon musk elonhoped to revisit e idea of the affordable ev. he is not the only one more in a few minutes. with gold and copper prices pushing towards all-time highs, u.s. gold corp is advancing its environmentally friendly gold and copper mining project and creating american jobs in mining friendly wyoming. with a proven management team and board, a tight share structure, and a solid cash balance, u.s. go
>> you know, it is jay powell who has preempted what is coming he set the stage for higher for longer the fed funds futures have adjusted what has not adjusted is the broad multiple across the stock market and that is why you are seeing quite a bit of blood in the streets at moment. >> gina, thank you colorful language. blood that streets a lot of people are scratching their heads. gina, thank you. for more on what is driving the markets and trading day ahead, head to cnbc pro at...
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Apr 17, 2024
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jay powell's thrown in the towel. there will not be any rate cuts this year because inflation is actually getting worse this year than it did last year. you talked about the border problem and law and order and the crime associated with it as mr. trump has. i got another one for you. joe biden on tax day, which was monday, as you know, joe biden decided that raising taxes is a much better economic growth and opportunity approach than cutting taxes. and says the trump tax cuts just benefited a few wealthy people. i thought it benefited almost every nook and cranny of the economy. now can the house do anything, you know, the kudlow catechism, the laffer catechism on supply-side tax cuts at least stir the pot, at least tickle just a little bit? i always thought lower taxes was a better idea than higher taxes, mr. speaker? >> yeah. you're trying to apply way too much common sense for washington. you know, larry, in the house republicans we have the smallest majority in u.s. history. one vote margin. we're using that becau
jay powell's thrown in the towel. there will not be any rate cuts this year because inflation is actually getting worse this year than it did last year. you talked about the border problem and law and order and the crime associated with it as mr. trump has. i got another one for you. joe biden on tax day, which was monday, as you know, joe biden decided that raising taxes is a much better economic growth and opportunity approach than cutting taxes. and says the trump tax cuts just benefited a...
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Apr 17, 2024
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talk to us about the market reaction we had been hearing from jay powell. >> yes. you might wonder whether the market reaction had been a little more violent in the u.s. session. we did see higher bond yields. nothing too profound considering this is the fed chair shifting slightly his view. i think because so many of the fed policymakers have already put that same idea out there, it is not really a surprise to see that eventually. even looking at what the market is factoring in. as well as the relative calm in the u.s. markets, it has moved over the past 10 days, we have those much higher tertiary yields. it is the best of the world that is bearing the brunt of this in some ways. as some girls are talking about with the fx market in asia under pressure in recent days from the strength of the dollar. it is our currency your problem once again. >> the hammer blow of the strong u.s. dollar being felt across the u.s. market. how is the fx base holding up? >> holding up better with white a lot out there. i did think it was significant, this comment from south korea tha
talk to us about the market reaction we had been hearing from jay powell. >> yes. you might wonder whether the market reaction had been a little more violent in the u.s. session. we did see higher bond yields. nothing too profound considering this is the fed chair shifting slightly his view. i think because so many of the fed policymakers have already put that same idea out there, it is not really a surprise to see that eventually. even looking at what the market is factoring in. as well...
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Apr 26, 2024
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welcome to both of you. >> thank you. >> jay, let's start with you. you know your way a little bit around fact fiction in new york. what do you think about the tabloids coming back to bite donald this way? >> well, it is ironic. he lived in the tabloids, i'm afraid more than one of us did, but he used the tabloids for his own purposes. he knew very well how they worked in new york. i am happy to say on behalf of new york tabloids they weren't quite as blatant as the national enquirer. i remember when i was tabloid fodder it was something that i guess i would call trade and fade whereby if they had -- if you got called up and there was a scandalous piece of gossip about you, you could get out of it and you could have it killed if you had a juicier item to trade. so that was -- and certainly donald knew that. of course, he often called up the tabloids as his own publicist, pretending to be his own publicist to spread some wonderful news about himself. but i thought it quite extraordinary that the enquirer actually paid in order to not do the job they al
welcome to both of you. >> thank you. >> jay, let's start with you. you know your way a little bit around fact fiction in new york. what do you think about the tabloids coming back to bite donald this way? >> well, it is ironic. he lived in the tabloids, i'm afraid more than one of us did, but he used the tabloids for his own purposes. he knew very well how they worked in new york. i am happy to say on behalf of new york tabloids they weren't quite as blatant as the national...
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Apr 4, 2024
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we've got a lot of fed speak coming up that will add to what jay powell has said. we have seven fed speakers today. we have six more tomorrow. if you don't know what the open market committee is thinking, you should by tomorrow night or have a good idea of where we are going. i would imagine it will echo the jay powell who says we are not ready yet but maybe later this year. they will talk about the employment numbers and the inflation rates and we get a lot of that between now and the june meeting with may be the first rate cut if things go their way. we've got three made just labor market reports and three cpi reports into pce report so keep an eye on the data and we will have to see what ends up happening. caroline: whether we listen to the rap file bostick's or get more dovish from some of the other players. i'm interested in what's happening more broadly with the economic perspective of the u.s. economy when we look at the jobs number coming out tomorrow. how much do we think that might be a risk on/risk off moment? mike: probably not huge risk off unless we g
we've got a lot of fed speak coming up that will add to what jay powell has said. we have seven fed speakers today. we have six more tomorrow. if you don't know what the open market committee is thinking, you should by tomorrow night or have a good idea of where we are going. i would imagine it will echo the jay powell who says we are not ready yet but maybe later this year. they will talk about the employment numbers and the inflation rates and we get a lot of that between now and the june...
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Apr 29, 2024
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we started with the inquirer but by the end we clash to that right, jay? >> we are classmates so -- >> almost. i don't know if jay remembers this but the daughter of spiro agnew, named kim, was my classmate at williams college, and i think her father came to our commencement so i'm the only person in the segment his commencement was attended by spiro agnew. >> michael, jay, thanks to both of you. our special continues. we will be right back. we will be right back. with just one pill a day. choose acid prevention. choose nexium. (woman) ugh, of course it stops loading at the best part. (tony hale) you need verizon. get their crazy powerful network out here, choose acid prevention. and get six months of disney bundle on them! (vo) stream with six months of disney bundle on us. and watch it all on the new samsung galaxy s24+, also on us. only on verizon. (♪♪) i'm getting vaccinated with pfizer's pneumococcal pneumonia vaccine. so am i. because i'm at risk for pneumococcal pneumonia. come on. i already got a pneumonia vaccine, but i'm asking about the adde
we started with the inquirer but by the end we clash to that right, jay? >> we are classmates so -- >> almost. i don't know if jay remembers this but the daughter of spiro agnew, named kim, was my classmate at williams college, and i think her father came to our commencement so i'm the only person in the segment his commencement was attended by spiro agnew. >> michael, jay, thanks to both of you. our special continues. we will be right back. we will be right back. with just...
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Apr 29, 2024
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it's the korean won which has been sensitive to the actions of jay powell. were getting commentary from the likes of ocbc, jeffrey saying upside in dollar trade, count down to around 1335 per dollar by december. better demand, that is improving and also they start of the easing cycle adding to appeal. for equity markets it will be trade or read through from big tech earnings. we had microsoft, alphabet really impressing because the takeaway was they are spending on ai and cloud, that's paying off. best week for u.s. stocks in 2024. still farmer. haidi: of course potential expectation of a hawkish pivot and how that plays into asian central banks and economies. in the last leg of the cycle, the open, a couple of minutes into cash trading coming online in a staggered open. upside when it comes to sydney stocks. watching treasuries as well, expecting dollar and yields to get a lift higher. ozzie bonds following that trajectory. dollar is holding. against the backdrop of dollar strength, most other asian currencies, brent crude is holding the decline, u.s. stepp
it's the korean won which has been sensitive to the actions of jay powell. were getting commentary from the likes of ocbc, jeffrey saying upside in dollar trade, count down to around 1335 per dollar by december. better demand, that is improving and also they start of the easing cycle adding to appeal. for equity markets it will be trade or read through from big tech earnings. we had microsoft, alphabet really impressing because the takeaway was they are spending on ai and cloud, that's paying...
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Apr 16, 2024
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jay, great to see you. jay hatfield. here we go the bells now. [closing bell rings] the markets off session highs. looks like the dow will hold on to gains for the day. s&p, russell, transports end in the red. tomorrow billionaire investor, chairman and ceo mario
jay, great to see you. jay hatfield. here we go the bells now. [closing bell rings] the markets off session highs. looks like the dow will hold on to gains for the day. s&p, russell, transports end in the red. tomorrow billionaire investor, chairman and ceo mario
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Apr 29, 2024
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what does jay powell and the fed members are looking at here? >> they are seeing the service sector inflation is hanging out at 4% and has been since december and hasn't budged a lot of that is housing, we understand, but also underlinin the shortage of skilled labor. that is what the fed is talking about that may be alleviated if not alleviated, they will bring in rates with the tie supply the fed will not expect so much spending power with all of the job creation in the job market the market is focused on the payroll survey on friday which averaged $290,000 jobs per month. if you get the survey and the job creation is averaging 90,00 since january. the spending power generated by the job market may not be as strong in the past and not be as inflationary as people are afraid of here >> i want to stick with the job market for a minute. we looked at the downward revisions with the numbers we get the initial number and get revisions. i want to talk about services. up 4% year over year goods have not changed back in the pandemic, bill, goods inflat
what does jay powell and the fed members are looking at here? >> they are seeing the service sector inflation is hanging out at 4% and has been since december and hasn't budged a lot of that is housing, we understand, but also underlinin the shortage of skilled labor. that is what the fed is talking about that may be alleviated if not alleviated, they will bring in rates with the tie supply the fed will not expect so much spending power with all of the job creation in the job market the...
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Apr 17, 2024
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jonathan: the quote for me yesterday did not come from jay powell. it came from the vice chair, philip jefferson. i will share it with you now, the base outlook is that inflation will decline further with the policy rate hub steady at its current level. at the current level. our old friend pk would say extending the x-axis. on time and taking longer. lisa: and what you have now in markets, it's time. remember yesterday, what if the fed chair came out and said he was hopeful and not confident? that's the subtext, they are hopeful and not confident, the reason they are holding it higher for longer and right now the market is trying to come to terms with that. annmarie: i got that sense as well, that we are expecting the confidence to come with more data. john, you mentioned the timeline, that makes me think this is political. if they need more time, there's only a certain number of meetings and data points left before it becomes unfathomable. jonathan: let's talk about the politics. joe biden calling for higher tariffs on chinese steel. this from lael
jonathan: the quote for me yesterday did not come from jay powell. it came from the vice chair, philip jefferson. i will share it with you now, the base outlook is that inflation will decline further with the policy rate hub steady at its current level. at the current level. our old friend pk would say extending the x-axis. on time and taking longer. lisa: and what you have now in markets, it's time. remember yesterday, what if the fed chair came out and said he was hopeful and not confident?...
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Apr 11, 2024
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. >> nbc's jay gray has more on his life and career. >> a heisman trophy winner, an nfl hall of fame runningback, o.j. simpson will be remembered most from something he could never run from. born o ren that will james simpson he was from san francisco, his way out, football. he was drafted by the buffalo bills where he had a record setting nfl career including a league mvp and retired as one of the best to ever play the game and for o.j. the spotlight never dimmed. >> transitioning into a successful career in tv and movies. >> he was inducted into the pro football hall of fame in 1985, the same year he married his second wife nicole brown. the couple had two children, but apparently a rocky marriage that included allegations of domestic abuse. nicole brown simpson filed for divorce in february of 1992 and just over two years later she and a friend, ron goldman, were found murdered in her brentwood home. >> suspect may be driving a white or light-colored ford bronco. >> five days after the deadly attack, simpson led officers on a low-speed chase threatening to take his own life before
. >> nbc's jay gray has more on his life and career. >> a heisman trophy winner, an nfl hall of fame runningback, o.j. simpson will be remembered most from something he could never run from. born o ren that will james simpson he was from san francisco, his way out, football. he was drafted by the buffalo bills where he had a record setting nfl career including a league mvp and retired as one of the best to ever play the game and for o.j. the spotlight never dimmed. >>...
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Apr 29, 2024
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jay powell wants to keep his job. i'll say it. as blatant as can be. what he is probably waiting for, as we get closer to elections -- charles: wouldn't it be transparent with inflation going in the wrong direction? i, to your point, couple of fomc meetings ago he talked about a surprise jobs report, he mentioned it a couple times. i think he was looking for that to be his cue. 4.1%, that would be his excuse. if he does this without any sort of real trigger, golly. >> i think we will see a trigger because the market, charles, it really has climbed too far too fast and money is expensive now and you and i know what happens when money gets expensive and those credit card bills are piling up and people start having to sell down on their stocks and, so much of the market has been propped up by the vcs and by new companies and once they start going under, they were, jerome powell will have his excuse. he doesn't have to worry about inflation, even though inflation is real and inflation continues to plague us. charles: he said on many occasions listen, we do
jay powell wants to keep his job. i'll say it. as blatant as can be. what he is probably waiting for, as we get closer to elections -- charles: wouldn't it be transparent with inflation going in the wrong direction? i, to your point, couple of fomc meetings ago he talked about a surprise jobs report, he mentioned it a couple times. i think he was looking for that to be his cue. 4.1%, that would be his excuse. if he does this without any sort of real trigger, golly. >> i think we will see...