36 Burst results for "Dow Jones"

"dow jones" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:06 min | 4 d ago

"dow jones" Discussed on Bloomberg Radio New York

"The markets every 15 minutes during the trading day on Bloomberg right now the S&P is down 27 points or two thirds of 1%, 39 98 is the S&P level. Dow Jones Industrial Average down a hundred points or three tenths percent at 34,247, the NASDAQ is lower by 70 points or 6 tenths of 1% 11,153 is the NASDAQ level. The ten year treasury is little changed. Yield 3.67% yield on the two year 4.46%. Nymex crude continues its decline down two and a quarter percent or a dollar 76 at $74 52 cents a barrel. Comex gold is down three tenths percent or $5 50 cents at 1763 30 ounce. The Euro 1.0441 against the dollar British pound 1.2049, the yen is at one 38.50 pound Lisa. Nathan good stuff we appreciate it. At least I'm going to ask our next guest to front run his 2023 outlook. Jordan Jackson. JPMorgan global market strategist joins us here. Jordan, you're a global market strategist. I'm thinking about 2023. I'm already flush this year. It's been a disaster. Where do I go in 2023? Is Europe going to get worse is China going to continue to be a problem? Do I just stay with the U.S.? How do you guys think about it here as you look ahead? Sure. The way I think about it is it's going to be a good year for markets a bad year for the economy. We know that markets are forward looking and I think a lot of the downside risk for next year is more or less being captured, particularly in the currency markets, but also to a certain degree in the equity markets as well. There's still seems to be sort of this base case of a global recession sometime happening in 2023. Now in terms of where to sort of hide out, it's an interesting question. I actually think that energy prices oil prices to a certain extent do have sort of this cyclical support sort of tailwind, particularly as you continue to see sort of supply side risk emerging from Eastern Europe. You obviously have some embargoes that are going to be going into place in December as well as in February. So I do think there are still some tactical plays there in oil over the course of 2023. I do think we'll also get a leveling out in interest rates as well as we start to see central banks pause at the very least pause, maybe not cut, but at least pausing on hiking interest rates and that should provide a bit of support towards growth stocks, tech stocks as well. And so I think you need to be particularly balanced, but generally kind of certainly back to my last point. I do think it's going to be a much better year for markets just a pretty crumby year for the broader economy. Jordan, do you think that we're going to see a reassertion of the 60 40 portfolio? I think so, actually, we've done some work here and we looked at sort of valuations amongst sort of what a blended valuation would be for a 60 40 portfolio. So simply what you would do is take the invert PE ratio on stocks, you take the yield on the 60%, 40%, you get sort of this blended earnings yield, you would call on that 60 40 portfolio. And right now you're getting a roughly 6% earnings yield on that 60 40. Now, similarly, if you can sort of look at the historical relationship between valuations and forward returns, and that metric would suggest that we're looking at at least over the next ten years of return on a 60 40 portfolio of around 6 and a half to 7%. And that's a pretty decent. It's not something to kind of toss to the side. So I think we are seeing a bit of a resurgence in the 60 40. And sort of remind investors that the pain this year, the short term pain is certainly saying things up for some long-term potential. And I know you've done some work on the economy, markets, a focus on public fixed income monetary policy. I just put into the Bloomberg terminal IN go for my Bloomberg index browser, and boy, I look at the U.S. Bloomberg aggregate total return fixed income index is off 12.8%. Boy, the fixed income people had a tough year. Put it in context for how bad was it in the fixed income markets in 2012, I'm sorry, 2022, and maybe what your outlook is for next year. Sure. Well, we can certainly say with a degree of confidence that this has been the worst year for the Bloomberg ag performance. Going back to this inception in 1976. And I've seen some data source that would suggest that this is the worst year on bonds and over a century. So fixed income investors are more than happy to close the book on 2022. But what we have seen is that bad years are typically associated in years in which monetary policy is tightening or is being communicated that monetary policy is tightening. You go back to years where you've got negative returns on the ag, it's years like 1994. It's years like 1999 and again in 2013 with a Fred talked about tapering the balance sheet. So again, years in which bonds and underperform in years in which gills are rising in the fed is looking too tight in policy, but what we've also seen is coming out of those really bad years. They tend to be followed by really strong year. That's an environment in which monetary policy levels out, potentially begins to start to ease. You also get just sort of, I think, just sort of momentum, right? After a bad year, you tend to be followed by a pretty strong years. And then when we think about sort of the makeup of the broader index, it's just Bond math, right? Yields are a lot higher and typically with Bond math is when you get higher yields, that tends to be highly correlated to what your return prospects are going to look like. So you're now getting at least a pretty decent income cushion at this stage and you need to see yields really accelerate meaningfully higher over the course of next year, which is not our base case in order to have another bad year of bond returns. And so I think you put all this together, we are maybe setting up setting things up for a pretty decent year in the bond market and I think the way you sort of play it, at least today, you still have sort of a 70% 30% split between cash and your core

Dow Jones Industrial Jordan Jackson S Jordan JPMorgan Bloomberg
Fresh update on "dow jones" discussed on Balance of Power

Balance of Power

00:51 min | 1 hr ago

Fresh update on "dow jones" discussed on Balance of Power

"Nearly 9 tenths of 1%. Ten year treasuries down 1530 seconds, the old 3.55% yield on the two year Venice highest 4.4% right now it's at 4.31 a gain of 8 basis points. Nymex crude is down 6 tenths percent or 46 cents at $80 76 cents a barrel, comex gold is down three tenths percent down $5 30 cents 1809 90 ounce. The Euro 1.0529 against the dollar British pound 1.2287, the yen is at one 34.55. United Airlines is reportedly close to a deal to order dozens of Boeing 7 87 dreamliners. That's according to a report in Dow Jones, sources tell the news service that an agreement could be completed as soon as this month. To recap the S&P is down, 23 points. That's a Bloomberg business flash balance of power continues with David Westin. I'm Nathan Hager and this is Bloomberg radio. This is balance of power on Bloomberg television and radio. I'm David western, where we're very focused on jobs today, but specifically we want to take a look in the manufacturing industry and how the manufacturing industry is doing in the United States of America right now, but that there's nobody better, but then Jay Timmons, he's president and CEO of the national association of manufacturers. So welcome to New York. Great to have you here, Jay. Good to be here. Okay, so before we get to the jobs part of it, tell us about the ISM numbers because we came in at 49. It was lower than we thought. It looks like it's in retrenchment. What's going on with manufacturing? It's a little softer than I think we expected. But it's really right there at that 50% number. So technically it shows some softening. But I think we're going to, I think we're going to pull that number up and succeeding in succeeding quarters and months. Is that reflecting lower demand for product? Well, part of that is there has been so much demand. And so little supply, I think the demand was catching up. And so now we've got some we've got some excess inventory. I don't think that's going to last for long enough. So talk about the job situation. And what we're seeing, we heard Jay Powell, the fed chair early this week, talking about this mismatch, but people needing to hire more people they can find. What's going on in manufacturing do you have that mismatch there? We continue to have that. So pre-pandemic, we had about 400,000 open jobs. And post pandemic were averaging every month about 830,000 open jobs. That's the challenge, but the good news is we've actually had two years of record growth in job creation. So in the last two years of the Biden administration, we've had a higher job growth in manufacturing than we've had at any time since the two years of 83 84 in the Reagan administration. So what happens to close that gap? I mean, you could pay more money, right? So we already the highest paid sector of the economy, averaging $97,000 per job. Is that right? The average $97,000 average, right, exactly. Some make more some make a little less, but so are you seeing wage inflation though in manufacturing? Yeah, we've had four consecutive years of record wage growth in the sector. That's been made possible, by the way, you know, we're talking about policy down in Washington. That's been made possible by those tax reforms that were enacted in 2017. So we've had record investment record job creation, record wage growth because of those reforms that were made. I want to come back to those reforms because someone could lapse and I want to talk about that. But before we get to that, is there a skills mismatch? I mean, I'm trying to figure out why it is you get 830,000. What did you say? On average, 830,000 every month. Why is it a skills mesh man? Where are all those people? It's a little bit of that in the workforce. So it's a little bit of that. It's also an outdated perception of what manufacturing jobs are all about. Look, my grandfather was in manufacturing back then. It was dirty dark and dangerous. He wanted his son to go into retail. My father, who was in retail, wanted me to be a lawyer, and I didn't. I dropped out of college, but every generation wanted something different. And now we're going full circle as people learn more and more about what manufacturing jobs are all about, how high-tech, how futuristic how rewarding they are. You're starting to see more people look at manufacturing as a career as an industry. We've taken it upon ourselves to make sure that we're highlighting that. Our creators wanted campaign at the NAM and the manufacturing institute is trying to show young people what these jobs are all about. So wrap up here with the thing you raise, which is the tax cut and jobs act, right? That's what it's called. That essentially allowed you to expense capital investment as I understand it. So it's going to lapse immediate expense interest deductibility and the research and development tax credit are all coming to an end at the end of this month. We need Congress to renew that to be able to not only keep those great reforms in 2017 in place. But to also add to the benefit that we've received as an industry and as a country with infrastructure investment and the chips and science act in this administration. Any prospect in the lame duck again that done? Yeah. I think look, I don't know any member of Congress that wants to see the economy falter. And that is one sure way for the economy to falter if we don't renew those tax extenders. You spent a fair amount of time looking at Capitol Hill. What do you think might be in the new Congress, particularly with the new majority in the House for manufacturing? Well, you know, one thing I'd like to see happen, David and I think we can do this. If we really focus on the economic needs of this country and that is immigration reform, it probably will need to be tailored, so we're thinking H one or H two B, H two a, as well as taking care of the temporary protected status. So think of the Ukrainians, the afghanis that we brought here, but can't get jobs. Those are real problems that I think we need to address. Is that a fairly quick way to deal with that 830,000 shortfall? It's one way. It's one way. We have a declining population base in the United States. We need to supplement that with those immigrants who can work in some of these jobs that aren't being filled. And by the way, that's all sectors, not just manufacturing. Do you have a bigger problem with the Republicans than Democrats up on the hill on that issue? So I think if you really target and make it a very narrow focus on the things that will directly impact our economy, I think you'll get bipartisan support. The specific workers we need in this economy exactly. Thank you so much, Jay. It's really great to have you in particularly graduate to have you here in New York. That's Jay Timmons. He's a national associate for manufacturers. President and CEO. Coming up, we're

David Westin Nathan Hager Bloomberg Radio Jay Timmons Jay Powell Biden Administration National Association Of Manufa United Airlines Dow Jones
"dow jones" Discussed on WTOP

WTOP

03:34 min | 5 d ago

"dow jones" Discussed on WTOP

"Chantilly 47 Penn quarter 44 now in Columbia 53° at WTO. 8 40 now, President Biden, as you've heard, is turning his attention to gun violence again after a series of shootings, including two in Virginia. He wants a ban on assault weapons and he says he's going to redo his efforts to do that. Paul brandis is a columnist for Dow Jones market watch. He's also the Washington bureau chief for evergreen screaming and the author of several books on the presidency. He talked with our John Aaron to discuss what if anything the president could do to pass laws that would stop the spread of gun violence. I mean, he could try to do something in the lame duck session of Congress, they'll control Democrats will for another 5 weeks or so, but after that, the outlook at least at the federal level is quite grim given that Republicans are going to control the house after that. There's really no realistic chance of anything happening there, Kevin McCarthy, for example, likely to be the next House speaker has an a plus rating from the NRA. So there's not going to be anything on the house side after January end of discussion. You mentioned the national level. What about the state level? Well, at least here in Virginia where there have been two shootings, of course, just in the last week or two Charlottesville. And then at the Walmart in Chesapeake, nothing is going to happen here either given that Republicans control the state Senate and governor youngkin, of course, has said that he disagrees completely with Joe Biden on the matter of guns. He has previously said that the time to talk about gun reform is never. By the way, the ban on assault weapons that the president keeps talking about the Walmart shootings involved a handgun. So the killer bought his handgun legally from local store hours before he did not have a criminal history. There's no waiting period for purchasing a firearm here in Virginia. So youngkin and Biden on a completely different ends of this issue. You've been looking at state data and guns as well, what does that show? Well, we're about out of time here, but data consistently shows that states with looser laws tend to have much higher per CAPiTA death rates from guns, for example, Texas is nearly three times deadlier than New York. Again, on a per CAPiTA basis, geography also plays a big role here, for example, a Second Amendment folks also say, well, look at Chicago with all of their gun violence, but they don't acknowledge that guns come into Chicago, for example, from neighboring states with loose gun laws like Wisconsin and Indiana conversely, data shows that an even bigger city in New York is safer because its neighbors, New Jersey and Connecticut, for example, have much stronger laws. So geography plays a big role here. You don't hear that as part of this overall discussion. Dow Jones market watch columnist Paul Bradley. Coming up on WTO P, Frank hanrahan has the latest on a big weekend in college football and all he'll up he'll also update the capital's action on the ice 8 43. We've been together for a 30 years. 35. 35 years together. And never an argument. Oh, we fight a lot. Is that we couldn't settle. But we finally agreed on cannabis of all things. Our Friends had had a good experience with it, so we decided to give it a shot. And we both agreed we didn't want to go sit in some doctor's office with a bunch of masked

President Biden Paul brandis Dow Jones market watch John Aaron Virginia governor youngkin chantilly WTO Walmart Kevin McCarthy youngkin Columbia NRA Charlottesville Joe Biden Chesapeake Washington Congress Senate Biden
"dow jones" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:45 min | 2 months ago

"dow jones" Discussed on Bloomberg Radio New York

"Morning to you all. Your equity market is slightly negative on the S&P 500, kicking off Thursday's trading negative on the S&P with the ultimate doing much on a ten year up a couple of basis points, three 77, 92. Equities down a half of 1%. Bit of news, corporate news, one from peloton, another piece of news from Credit Suisse. Just want to cover peloton quickly. Peloton cutting its workforce by roughly 500 globally or about 12%, the CEO saying the bulk of our restructuring work is complete. But saying to Dow Jones, this headline came from Dow Jones about 15 minutes or so ago. Lisa, this is the one that jumped out to me. If the turnaround fails, the company likely not viable on its own. What a turnaround in the last two years. I mean, considering how much the share has got absolutely blown up during the pandemic. Ridiculous. Positive way. And then absolutely deflated. But this is the fourth round of layoffs. This year, just to give you a sense, leaving with about half the number of employees globally, and this is the Hail Mary to get to a point where they actually are viable in the new era where people are going back to gyms. Okay, we're making jokes about this. I'm the worst offender. Forget about the jokes. Is the fed over? Is it just that simple? I think to some extent. I mean, I think people still love the bike because Tom, it's not about the best way of saying this. You can have a product you love. It doesn't make a good business. I think a lot of this is still love the product. They still love peloton. There's also a point at which a lot of these companies were able to raise money. And every which way, during the pandemic, when a lot of people's expectations were reset, and now we are having a reassessment of how much money costs and where those investments go. And some of these companies are finding that the investors just are not there. Perfectly put like triple C unsecured debt from a social media company. Correct. Which you'd like to go for a 11, 12%, which might have to go for 15. We can talk about that another time 16 now. Depends on which companies you're looking at. The latest news from Credit Suisse Tom. Trying to bring in an outside investor to inject money into a spin off of its advisory and investment banking business. They do not want to go and do an equity race anytime soon. There's no way under CHF 5 per share. Off our London and Zürich deaths with Marianne Houghton Meyer in Zürich joining us now their leader Michael Moore, who has terrific perspective on what banks do when challenged. Michael Moore, I'm going to cut Back to the Future that you and I lived. And I'm going to drive it forward. There was the government, there was a company called bear Stearns and as mister diamond to his immense regret says, JPMorgan came to the rescue. Where's the Swiss government and where's the JPMorgan in this discussion of Credit Suisse? Well, you have to think that the competitors are looking at the share

Credit Suisse Dow Jones Zürich Hail Mary Lisa Tom S fed Marianne Houghton Meyer Michael Moore London JPMorgan Swiss government bear Stearns
"dow jones" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:00 min | 2 months ago

"dow jones" Discussed on Bloomberg Radio New York

"Native American women to travel in space. And we're just getting this Biden administration is now denying a report that it is preparing to scale down sanctions on Venezuela's authoritarian regime earlier Dow Jones reporting the plan included allowing Chevron to continue pumping oil there, but that is being denied by the Biden administration. Globally is 24 hours a day on air and on Bloomberg quick take. I'm dead prisoner in New York, Paul. All right, thanks very much. Doug, Dan Schwartzman's net here now for a chicken sports news. And Dan is surprised entry in the 2030 World Cup bit. Yeah, this one's really surprising Ukraine joining Spain and Portugal in their 2030 World Cup bid for terms of their involvement to be released at a later date where they would play whatever it would be that is up in the air. The European bid though has competition from two others, one including Greece, Egypt and Saudi Arabia, while the others of South American did Uruguay Chile paraguayan Argentina have joined in a collaboration. Manchester City knocking off Copenhagen 5 mil in a championship group stage macho in Holland continuing his dominant play scores a brace to now give the 22 year old 19 goals and 12 matches in all competitions so far this season. Elsewhere, Chelsea beats A.C. Milan three mil Paris Saint-Germain, they can play Benfica toll one all draw, Juventus defeating McAfee high for three to one. Meanwhile, Rhea Madrid said the past shock card Donetsk two to one, brush a Dortmund dominate Sevilla four to one, Salzburg shutting out Zagreb one zero while Celtic loses at RV Leipzig three to one. 5 weeks after being shot twice in an attempted carjacking, Washington commanders running back, Brian Robinson returning to practice earlier today, the third round pick remaining on the non football injury list buddy could be put on the active roster in time to play Sunday versus the Tennessee Titans. So what is that baseball that Aaron judge hit yesterday worth while auction house memory lane Inc in Texas has offered $2 million for that home run baseball that was caught by a fan named Corey ebens, the Dallas resident has yet to say what he intends to do with the record breaking ball. I'm Dan schwarzman that your Bloomberg

Biden administration Dan Schwartzman World Cup Chile paraguayan Dow Jones Chevron A.C. Milan Paris Saint Venezuela Bloomberg Rhea Madrid Doug Ukraine Portugal Uruguay Manchester City Dan Saudi Arabia
 Stocks rally on Wall Street toward their best day in months, S&P 500 and Dow Jones Industrial Average rise more than 3%

AP News Radio

00:36 sec | 2 months ago

Stocks rally on Wall Street toward their best day in months, S&P 500 and Dow Jones Industrial Average rise more than 3%

"Stocks on Wall Street rallied for their best day in months on Norman hall The S&P's leap of 2.6% was its biggest since July and came after falling bond yields ease some of the pressure that's been battering markets The Dow jumped 2.7% the NASDAQ gained 2.3% in a widespread rally that swept to vast majority of U.S. stocks higher helping to drive Marcus was a report on U.S. manufacturing that came in weaker than expected along with data showing a drop in construction spending That may seem discouraging for the economy it could mean the Federal Reserve won't have to be so aggressive about

Norman Hall S U.S. Marcus Federal Reserve
"dow jones" Discussed on WTOP

WTOP

02:14 min | 2 months ago

"dow jones" Discussed on WTOP

"Where this could turn and run into Florida from as far south as perhaps South Florida, but it is trending more and more off towards the west would shake you up to the Florida big bend or the Florida Panhandle. That's Fox weather's Adam clots. It's 1134. This is WTO news. Fears of a recession are buzzing once again after another tough week on Wall Street. Paul brandis, a finance columnist at Dow Jones MarketWatch, joined us earlier to explain the factors. As long as interest rates continue to rise and profits continue to fall, that's bad news for equities and of course real estate is starting to buckle prices are beginning to fall in certain markets around the country, homes are staying on the market for longer, even around here. Overall, housing affordability now at the lowest level since the late 80s. So that is not looking good either. This week, the Dow closed at its lowest point in two years as inflation continues to cause prices to go up for pretty much everything. There's something that isn't getting more expensive. Good news, if your Saturday plans involve a trip to Costco for a 100 pack of toilet paper and then grabbing a snack on the way out. The big box store has no plans of raising the price of its iconic a dollar 50 hot dog and soda combo. Despite months of decades high inflation, the CFO of Costco reiterated the cheapy fan favorite is staying the way it is. He also noted that Costco doesn't have any immediate plans to hike membership fees to offset the inexpensive hot dog deal. Stacy Lynn, CBS News. Overnight Russian forces launched new deadly strikes in Ukrainian cities, including where a Kremlin stage referendum voting is underway. Today is the second day that people in Russian occupied regions are voting on whether to become part of Russia. Virtually destroyed by Russian bombardment and abandoned by residents who managed to escape before the Kremlin took control, it is in occupied cities like these that elections slammed as illegal by the west are taking place. Ivan federal, the exiled mayor of now occupied melitopol, said

Paul brandis Dow Jones MarketWatch Florida Costco Florida Panhandle South Florida WTO Fox Stacy Lynn CBS News Russia Ivan
"dow jones" Discussed on WTOP

WTOP

02:55 min | 2 months ago

"dow jones" Discussed on WTOP

"A 42, another rough week on Wall Street with the Dow closing at its lowest point in two years. Paul brandis finance columnist at Dow Jones MarketWatch joined our John Aaron earlier to discuss the economic conditions. The classic definition of a recession is two quarters of negative economic growth, both the first and the second quarters of this year were negative and as the third quarter comes to an end next week model show slightly positive growth, but just barely so we could be in one. I think we're in one, but the numbers are kind of the very negative, no question about it. The job market, I think, is the thing to keep an eye on here. The unemployment rate remains quite low 3.7%, but layoffs are starting to pick up. That is very worrisome, more companies say the cost of doing business is increasing, faster than sales, that cuts into profits. And when profits go down, companies will try to protect their margins. That can mean layoffs. We're starting to see, in fact, a lot of layoff announcements in looking ahead, you've got big retailers like Walmart and target and all the others say they're going to hire fewer holiday workers this year. That is an ominous sign. And even the fed, which as you know, a key interest rate this week says the unemployment rate will have to go up next year, so there's growing pain 2023 is looking to be pretty tough year. Yeah, you said a month ago we were still in a bear market and the market hasn't gotten any better since then, so where could it be headed now? Well, the S&P is already down about 25% well into bear market territory, but look as long as interest rates continue to rise and profits continue to fall, that's bad news for equities and of course real status starting to buckle prices are beginning to fall in certain markets around the country homes are staying on the market for longer, even around here. Overall housing affordability now at the lowest level, I think since the late 80s, 88 or 89 or something. So that is not looking good either. So again, 2023 is looking to be a pretty tough year. Taking a step back is there a bigger picture to take a look at here? Well, this is a global problem. The issues that we're having inflation, slowing economies and so forth. We see that in Europe. You see that in Canada, Mexico, all around much of the developed world. We're living through, frankly, an extraordinary period, this pandemic followed by the biggest war in Europe since World War II. These are very disruptive events and they've really just overturned everything. So inflation supply chains continue to ripple through the economy, just a very, very tough times. I think we've got a buckle down. That was analysts analysis from Dow Jones MarketWatch finance columnist Paul brandis. Coming up on WTO piece, some tips to think about during this baby safety month, but for now

Paul brandis Dow Jones MarketWatch John Aaron Walmart fed S Europe Mexico Canada WTO
"dow jones" Discussed on WTOP

WTOP

03:18 min | 2 months ago

"dow jones" Discussed on WTOP

"68 in Germantown, 67 in annandale, and 67° here. Outside the WTO studios at four 41, well, it was another rough week on Wall Street, the down closing at its lowest point in two years. Markets around the world are falling as well, and it has many people wondering about a possible recession if we're not there already. Paul brandis the finance columnist at Dow Jones market watch joined our John Aaron earlier to discuss economic conditions. The classic definition of a recession is two quarters of negative economic growth both the first and the second quarters of this year were negative and as the third quarter comes to an end next week model show slightly positive growth, but just barely so we could be in one. I think we're in one, but the numbers are kind of the very negative, no question about it. The job market, I think, is the thing to keep an eye on here. The unemployment rate remains quite low 3.7%, but layoffs are starting to pick up. That is very worrisome, more companies say the cost of doing business is increasing, faster than sales, that cuts into profits. And when profits go down, companies will try to protect their margins. That can mean layoffs for starting to see, in fact, a lot of layoff announcements in looking ahead, you've got big retailers like Walmart and target and all the others say they're going to hire fewer holiday workers this year. That is an ominous sign. And even the fed, which as you know, a key interest rate this week says the unemployment rate will have to go up next year. So there is growing pain 2023 is looking to be pretty tough year. Yeah, you said a month ago, we were still in a bear market and the market hasn't gotten any better since then, so where could it be headed now? Well, the S&P is already down about 25% well into bear market territory, but look as long as interest rates continue to rise and profits continue to fall. That's bad news for equities and of course real estate is starting to buckle prices are beginning to fall in certain markets around the country, homes are staying on the market for longer, even around here. Overall housing affordability now at the lowest level, I think since the late 80s, 88 or 89 or something. So that is not looking good either. So again, 2023 is looking to be a pretty tough year. Taking a step back is there a bigger picture to take a look at here? Well, this is a global problem. The issues that we're having inflation, slowing economies and so forth. You see that in Europe, you see that in Canada, Mexico, all around much of the developed world. We're living through frankly an extraordinary period this pandemic followed by the biggest war in Europe since World War II. These are very disruptive events and they've really just overturned everything. So inflation supply chains continue to ripple through the economy, just a very, very tough times. I think we've got a buckle down. That was analysis from Dow Jones market watch finance columnist, Paul brandis. Coming up on WTO, the terps close, but no cigar. Not a bad outing in Ann Arbor. We've got Frank hanrahan in sports standing by. When people have a craving to explore new and traditional Asian cuisines, they head

Paul brandis Dow Jones market John Aaron annandale Germantown WTO Walmart fed S Europe Mexico Canada Frank hanrahan Ann Arbor
"dow jones" Discussed on WTOP

WTOP

01:46 min | 2 months ago

"dow jones" Discussed on WTOP

"Sterling brought to you by long fence. Say 15% on long fence, Dex pavers and fences go to long fence dot com today and schedule your free in home estimate. It's three ten. The CDC has ended a requirement for Americans to wear masks in hospitals and nursing homes. Since early in the pandemic, the agency had urged everyone to wear well fitting masks or respirators while in healthcare settings. But in new guidelines published just last night, the CDC says that outside of community seeing high levels of COVID-19 transmission, facilities can choose whether or not to require doctors patients and visitors to mask up. The new guidance comes as the U.S. has recorded a week's long slowdown in the pace of COVID-19 hospitalizations and nursing home infections in most parts of the country. The CDC says just 3.5% of Americans now live in counties at high community levels. Fears of a recession are buzzing once again after another tough week on Wall Street. Paul brandis a finance columnist at Dow Jones market watch joined us earlier to explain the factors. As long as interest rates continue to rise and profits continue to fall, that's bad news for equities and of course real estate is starting to buckle prices are beginning to fall in certain markets around the country, homes are staying on the market for longer, even around here. Overall housing affordability now at the lowest level since the late 80s. So that is not looking good either. The down this week closed at its lowest point in two years. It's a late night weekend celebration of art in the nation's capital. In a statement, their muriel Bowser said this weekend, D.C. is the capital of creativity. It's because of D.C.'s art all night event, which started yesterday and runs through tonight

CDC Paul brandis Dow Jones market watch Sterling U.S. muriel Bowser D.C.
Dow hits 2022 low as markets sell off on recession fears - POLITICO

AP News Radio

00:43 sec | 2 months ago

Dow hits 2022 low as markets sell off on recession fears - POLITICO

"I Mike Gracia reporting the Dow hits its 2022 low as financial markets sell off on recession fears Stocks took a sharp decline worldwide Friday on worries the already slowing global economy could fall into recession The Dow Jones Industrial Average fell 1.6% and closed at its lowest level since 2020 The S&P 500 fell 1.7% closing at its 2022 low set in mid June The NASDAQ slid 1.8% It left the major indexes with their 5th weekly loss in the last 6 weeks This week the Federal Reserve and other central banks around the world aggressively hiked interest rates again trying to puncture inflationary pressures but also raising concerns too much too soon could

Mike Gracia Federal Reserve
Biden's Tone Deaf Inflation Reduction 'Party'

The Dinesh D'Souza Podcast

02:13 min | 2 months ago

Biden's Tone Deaf Inflation Reduction 'Party'

"The Biden trying to, well, pull the wool over the eyes of the American people on inflation. And they're kind of using every tactic, every rhetorical strategy they have to do that. Now, let's remember when they say things like, you know, we haven't had any inflation this month, really what they mean is that if prices go up, let's just say 5% or 7% of 8% and stay there. They consider this to be inflation coming to an end. In other words, prices go up. They don't come back down to where they were before. They just don't go any higher. And so Biden thought that let's have an inflation party. Let's have an inflation party because after all, we've passed the so called inflation reduction act. And since we're calling it that, we're going to try to convince people that that is actually occurring inflation is coming down. And let's have a party and let everybody's going to get the idea. Wow, it must have come down, a, they've passed an inflation reduction act to reduce inflation. And number two, they all look really happy in our smiling so things must be going really well. James Taylor, the singer was brought to sing fire and rain now. And I'm kind of a fan of James Taylor, but I'm a fan of James Taylor, like circa 1978. This idea of bringing on these 90 year old rock singers to perform with their horse voices is a whole different matter today. But what made the whole scene ridiculous? Is here you have the president. You've got the heads of Congress. You've got Pelosi, you've got Schumer. They're all patting themselves on the back, you know, a job well done. Now the funny thing of this was that while this was going on and I actually remember seeing the Chiron and CNN, CNN has a split screen on the one side, the showing, the celebration, and on the other side, they're showing the Dow Jones the Dow Jones average plummeting.

Biden James Taylor Schumer Pelosi CNN Congress Chiron
Markets shudder on dashed inflation hopes; Dow falls 1,250

AP News Radio

00:45 sec | 2 months ago

Markets shudder on dashed inflation hopes; Dow falls 1,250

"The Dow Jones Industrial Average sank more than 1000 points Tuesday as markets shuttered following Wall Street's realization that inflation isn't slowing as much as hoped I Norman hall Tuesday's sell off happened after a report showed inflation decelerated only to 8.3% in August instead of the 8.1% economists expected The hotter than expected reading has traders bracing for the Federal Reserve to ultimately raise interest rates even higher than expected to combat inflation The fed has already raised its benchmark interest rate four times this year higher rates hurt the economy by making it more expensive to buy a house a car or anything else bought on credit Fears about higher rates and prices dropping for everything from gold to cryptocurrencies to crude oil I Norman hall

Norman Hall Federal Reserve
"dow jones" Discussed on WTOP

WTOP

01:33 min | 5 months ago

"dow jones" Discussed on WTOP

"Kit at attention on stage and then received a standing ovation as he waved to the crowd while being wheeled away. Money news at 25 and 55, let's go to Bloomberg's Larry kofsky. This is a Bloomberg money minute. Wall Street today begins to shift its focus to jobs ahead of Friday's June employment report from the government. Today we'll see a report on job openings for may, and although analysts are predicting a small decline in the number of jobs available, there are still more positions open than there are workers to fill them. First it was the pandemic. Now it's the risk of recession that's keeping office landlords awake at night. Dow Jones reports an index that tracks office landlord stocks, was down 29% in the first half versus a 21% decline in the S&P. The beer industry is asking President Biden for relief from aluminum tariffs that cost the industry over $1.4 billion since 2018. Companies behind brands, including Budweiser, Miller, Coors, Corona and Heineken, say tariffs have meant higher costs for everyone in the beer pipeline all the way to the consumer. From the Bloomberg newsroom, I'm Larry kofsky, on WTO P, coming up on WTF, the man accused of attacking an Independence Day parade near Chicago has been charged with 7 counts of first degree murder and more charges may be coming. CBS News is at the top of the hour. It's two 56. Why buy

Larry kofsky Bloomberg President Biden Dow Jones government Budweiser Coors Heineken Corona Miller WTO Chicago CBS News
 From stocks to crypto, a punishing six months for investors

AP News Radio

00:41 sec | 5 months ago

From stocks to crypto, a punishing six months for investors

"I Mike Gracia reporting it's been a punishing 6 months for investors Thursday's closing bell on Wall Street brought the curtain down on trading for the first half of 2022 with markets in the red across the board The S&P 500 the benchmark for many stock funds is down 21.1% from its January 3rd all time high and off to its worst start to a year since 1970 The Dow Jones Industrial Average at NASDAQ composite are also in the red for the year Bonds normally considered reliable investments are also down and on pace to one of their worst performances in history Cryptocurrencies have also cratered Bitcoin which was at almost $69,000

Mike Gracia Bitcoin
Stock Market Declines, Retirement Accounts Lose Value

Mark Levin

01:28 min | 5 months ago

Stock Market Declines, Retirement Accounts Lose Value

"Retirement accounts You have a 401k You have an IRA You have some kind of a retirement account Well as Fox reports today stock market declines from the beginning of the year have amounted to trillions Trillions of dollars in losses for retirement accounts and Americans are feeling the pain trillions When investors get their 401k statements in the next few weeks they're going to be hit with some very bad news Excuse me The S&P 500 now look most of us don't know what to have even means and NASDAQ and I got all that But you know when it's dropping like a lead balloon that's trouble The S&P 500 The broadest measure of U.S. stocks is down 21% The NASDAQ nearly 30% The Dow Jones down 16% and that's only so far this year An Americans are seeing the value of the retirement accounts dwindle Along with these deep drops Stock market declines have pummeled the retirement accounts of Americans in the first half of 20 22

FOX U.S.
Stocks Close in Bear Market Territory as Recession Worries Mount

The Trish Regan Show

01:24 min | 6 months ago

Stocks Close in Bear Market Territory as Recession Worries Mount

"All this. First of all, the headlines you know them were in bear market territory now and get the S&P. And down about 3% the NASDAQ down, nearly 4%, Dow Jones Industrial Average actually seeing the least of the downside down two and a quarter or so, but the reality is this investors have to adjust to a new normal, and the new normal is you're no longer gonna have your friends there at the fed, printing money, recklessly I'd argue printing money and therefore driving up valuations in the equity markets. Now, on the one hand, it's a little scary because you've got the threat of recession out there. Typically when the fed pulls back by raising rates and thereby taking a little of that money out of the system, what you often see, historically, anyway, it has been a bear market. Recessions and bear markets and the fed raising rates tends to go hand in hand, but what's interesting about now is I actually think one, it absolutely had to be done. And more needs to be done. I think there are a lot of questions as to whether or not the fed really has the stamina only given that there are political consequences to all of this. And the minute you go into recession, everybody's going to totally freak out. And so they're saying to themselves, do we have inflation or do we have a recession? I don't think you have a choice on this one. You can't allow inflation to continue unchecked because if you do, then you're going to have far worse problems down the road.

FED
Stephen Moore and Chris Stigall on the 'R' Word: Recession

America First with Sebastian Gorka Podcast

01:27 min | 6 months ago

Stephen Moore and Chris Stigall on the 'R' Word: Recession

"I am pleased to be joined by our friend Steve Moore. He is a freedom works economic official. He is a former Trump White House economics official. I lean on him in Philadelphia every single week as our own economic official. Steve-O, I wish every time we talk, it seems to be degrees worse. I would love to have better news for folks today. The Dow closes 8 75 down. I've got this story. I don't even know what it means. You're smarter than me, a U.S. two year treasury yields rose above ten year borrowing costs. The so called curve inversion that Harold's economic recession, I'm hearing a lot about the R word now, Steve-O. What do you say about it? Well, I mean, unfortunately, I think we're really headed that way. And I wish I had good news for you, Chris. But I really, I really don't. I mean, you know, you've seen a 900 point reduction in the Dow Jones today. We're now at about 11 trillion 11 $1 trillion of wealth losses over the last three months under Biden. It's all a result of his war on American energy, his massive government spending plans in his war on American business, frankly. It's a progressive socialist agenda that is killing our economy. If anything good has come out of this and it's hard to see anything good come out of this. It's hopefully Americans are awakened. I won't use the word woke or awakened to the negative effects of when you let the government and the politicians make the decisions for the economy.

Trump White House Steve Moore Steve Philadelphia Harold Dow Jones U.S. Biden Chris
 How major US stock indexes fared Monday

AP News Radio

00:40 sec | 6 months ago

How major US stock indexes fared Monday

"I'm Mike Gracia reporting a bear market hits Wall Street as stocks bonds and crypto dive Wall Street slipped into a bear market Monday with losses for the S&P 500 dropping the index more than 20% below its record set early this year The S&P dropped 3.9% Monday while the Dow Jones industrials down more than 1000 points for a time ended up losing 876 points Cryptocurrencies also tumbled with Bitcoin down 14% and back to where it was in late 2020 The sell off came in response to news that inflation is getting worse and ahead of the Federal Reserve meeting on Wednesday with some economists speculating the fed may raise its key interest rate by

Mike Gracia S Bitcoin Federal Reserve
"dow jones" Discussed on WTOP

WTOP

03:42 min | 6 months ago

"dow jones" Discussed on WTOP

"Your free estimate today It's 8 11 President Biden has said his Rehoboth beach home this weekend celebrating First Lady Joe Biden's birthday which was yesterday The president yesterday also celebrated another solid jobs report showed 390,000 jobs added to the economy last month but unemployment holding steady at 3.6% Steady job growth may help explain why most Americans say they're doing pretty well personally but think the overall economy is not Let's bring in Paul brandis He's a historian and author of several books on the presidency also a finance columnist for Dow Jones market watch Good morning Paul How are you I'm fine Thank you And how do you explain that disconnect there Well the country is in a sour mood and has been for a long time sandy for decades galloped the polling organization has been asking Americans a simple question are you satisfied or unsatisfied with the way things are going in the United States That number has not been above 50% for nearly two decades now I suppose it's understandable we've had a couple of wars a couple of economic meltdowns a housing bus to pandemic We haven't been this divided in God knows when So it's understandable that people are in a gloomy mood yet on a micro level A personal level of poverty is down the number of millionaire households is at a record high Stocks have slid this year as you know but there's still up by more than half since the pandemic low and real estate on paper at least has really boosted the net worth of a lot of folks So perhaps I think all of this could help explain this is a disconnect But boy it's quite a disconnect It is A president's always get the blame when things go wrong although you've written that this is silly Why is that Well there was a comment the other day just to give you one example a lady who blames a Biden for the price of hamburger It's all his fault Actually hamburger prices are high because one cattle farmers say they're thinning their herds because of long-term drought There's no water to feed their cattle Processing plants can't find workers truck drivers are in short supply So from farm to store you've got these supply issues and shortages that are driving up prices I'm not sure what the president can do to make it a rain more out west I wonder if Republicans take over Congress What they're going to do to make it rain That's just one example you could give examples about all sorts of things I mean gasoline That's a big one too We produce records amounts of oil right now Can't refine it though because half the refineries in this country have gone out of business over the last four decades talk about a bottleneck and what gasoline we do refined were exporting it at record levels to the rest of the world That is how the free market works But of course everything is always the president's fault which is pretty silly Okay Paul thank you for your insight Thanks Paul brandis a finance columnist for Dow Jones market watch All right The Weeknd's here yeah I'm still one more day to think about game two of the NBA Finals on FanDuel sports park This is Dave Johnson and this is also a chance to score big on FanDuel sports but with the NBA Finals because throughout the NBA Finals FanDuel is giving new customers $200 in free bets guaranteed when you place your first $5 bed Yeah I bet the money line point spreads player props Hey maybe a player will hit the most three pointers Both the Celtics and warriors so they've been hitting three pointers in the playoffs Hey.

Paul brandis President Biden Rehoboth beach Joe Biden Dow Jones Paul Biden United States FanDuel sports park NBA Congress Weeknd Dave Johnson Celtics warriors
"dow jones" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:30 min | 6 months ago

"dow jones" Discussed on Bloomberg Radio New York

"App and at Bloomberg quick tape This is a Bloomberg business flash From Bloomberg world headquarters I'm Charlie pellet we begin with a headline involving the Broadcom story from the Bloomberg professional service Broadcom said to be discussing paying around a $140 a share for VMware VM shares surging now by 24.1% that report according to Dow Jones but again Broadcom said to be discussing paying around a $140 a share for VMware The Federal Reserve says chair J Powell has been sworn in for a second term as chair Federal Reserve also saying lael brainard sworn in his vice chair cook and Jefferson sworn in as governors Stocks are climbing we've got 12 minutes to go ahead of the closing bell the Dow the S&P NASDAQ all solidly in the green but off session highs S&P up by 55 again of 1.4% the Dow up 506 up 1.6% as stack up 119 gain of 1% Tendered on 21 30 seconds ten year yield 2.85% spot gold up four tenths now 1854 the ounce while West Texas enemy crude is up one tenth of 1% one ten 38 a barrel I'm Charlie Cabot that is a Bloomberg business flash Thank you so much for that update Charlie pellet It's three 48 on Wall Street The following is an editorial from Bloomberg opinion By threatening to block the enlargement.

Broadcom Bloomberg Charlie pellet VMware J Powell chair Federal Reserve lael brainard Dow Jones Federal Reserve Jefferson cook Charlie Cabot West Texas
"dow jones" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:00 min | 7 months ago

"dow jones" Discussed on Bloomberg Radio New York

"Been excited to talk about this story since early this morning Why I've been talking about it all day I just think it's fascinating I mean I love talking about ESG and pretty critical of it overall And one of my criticisms is that we always focus on the E we forget the other letters S and G well S&P 500 the S&P Dow Jones did not So we are going to be talking to Sheen contractor about that in just a few minutes She's from Bloomberg intelligence It's all about Tesla First up though we are less than 90 minutes away from the close What's the latest Charlie pellet Well Webb got my own ESG ever slow going That's described so what happened right now with the S&P 500 Index down 5 drop right now of one tenth of 1% we have got the Dow down one 37 lower by four tenths Now the stack higher by 44 up by just about four tenths of 1% Key takeaway here little change on the S&P 500 Index yesterday you recall the S&P had its biggest single day drop since June of 2020 as the managed to wipe out one and a half $1 trillion from the S&P's market value Right now the NASDAQ composite index up 39 up three tenths the Dow down 157 down 5 tenths ten year yield 2.84% spot gold up 1.4% 1841 the ounce West Texas enemy accrued up 2.4% one 1221 barrel on WTI Keeping an eye on Cisco after last night's earnings reports right now we have got Cisco plunging by 14.6% Cisco warning the Chinese lockdowns and other supply disruptions could wipe out sales growth in the current quarter Billionaire Ken Griffin is reaching a tipping point with the city of Chicago the home to his market maker and hedge fund business as the city wrestles with rising crime Griffin who runs both the hedge fund cereal and the market making business Citadel security says things are not changing and quote we are getting to the point that if things don't change we're gone Now in an interview with Bloomberg radio and television this morning Griffin also talked about globalization and the effect it has had on keeping inflation down.

Charlie pellet Dow Jones Cisco Sheen Tesla Bloomberg Webb S Ken Griffin West Texas Griffin Chicago Bloomberg radio
The Market Plunges 1,164 Points on the Dow Jones Industrial Average

The Trish Regan Show

01:25 min | 7 months ago

The Market Plunges 1,164 Points on the Dow Jones Industrial Average

"We're looking, of course, at mass inflation, 8.3% in terms of consumer prices, you're seeing it reflected in the markets today, right? Because the Dow Jones Industrial Average was really challenged midday on Wednesday down 963 points as we go to air. That's a loss of about 3% really, really significant. And so people are fearful right now. You're seeing the earnings are actually being compromised because, well, guess what? When you have this much inflation and gas prices cost this much more, it means that people don't have as much money to say go and spend it dollar store or Walmart or target target, which traded down significantly, of course, on Wednesday, earnings are suffering. This is the, this is the fear that everybody had, right? That once the fed backed off and people started dealing with the realization of inflation and they scaled back on their spending, that it would affect corporate profits and you'd start to see a sell off on Wall Street. And in fact, that's what we're seeing. I would just caution that we may not have seen the worst of it. I mean, even though the NASDAQ as I go to air is down 4% at 11,505, I see you may not have seen the worst of it because the vix is only at 29. That fear indicator that I love the vix only at 29,

Walmart FED
Stocks fall sharply as Target's woes renew inflation fears

AP News Radio

00:38 sec | 7 months ago

Stocks fall sharply as Target's woes renew inflation fears

"Hi hi hi hi Mike Mike Mike Mike Crossey Crossey Crossey Crossey reporting reporting reporting reporting stocks stocks stocks stocks fall fall fall fall sharply sharply sharply sharply as as as as targets targets targets targets woes woes woes woes renew renew renew renew inflation inflation inflation inflation fears fears fears fears stocks stocks stocks slumped slumped slumped on on on Wall Wall Wall Street Street Street Wednesday Wednesday Wednesday as as as the the the Dow Dow Dow Jones Jones Jones industrial industrial industrial average average average fell fell fell more more more than than than eleven eleven eleven hundred hundred hundred points points points and and and the the the S. S. S. and and and P. P. P. five five five hundred hundred hundred had had had its its its biggest biggest biggest drop drop drop in in in nearly nearly nearly two two two years years years for for for earnings earnings earnings reports reports reports from from from target target target and and and other other other major major major retailers retailers retailers added added added to to to inflation inflation inflation concerns concerns concerns the the the S. S. S. and and and P. P. P. dropped dropped dropped four four four percent percent percent the the the nasdaq nasdaq nasdaq fell fell fell four four four point point point seven seven seven percent percent percent and and and the the the Dow Dow Dow dropped dropped dropped three three three point point point six six six percent percent percent target target target lost lost lost a a a quarter quarter quarter of of of its its its value value value after after after reporting reporting reporting earnings earnings earnings that that that were were were far far far short short short of of of what what what analysts analysts analysts had had had forecast forecast forecast Wall Wall Wall Street Street Street appears appears appears headed headed headed to to to its its its sixth sixth sixth consecutive consecutive consecutive weekly weekly weekly loss loss loss hi hi hi Mike Mike Mike Rossi Rossi Rossi

P. P. P. Mike Mike Mike Mike Crossey Mike Mike Mike Rossi Rossi Ros
Wall Street's losses worsen as markets tumble worldwide

AP News Radio

00:41 sec | 7 months ago

Wall Street's losses worsen as markets tumble worldwide

"Hi hi hi hi Mike Mike Mike Mike Rossi Rossi Rossi Rossi reporting reporting reporting reporting wall wall wall wall street's street's street's street's losses losses losses losses worsen worsen worsen worsen as as as as markets markets markets markets tumble tumble tumble tumble worldwide worldwide worldwide worldwide the the the slide slide slide in in in stocks stocks stocks continued continued continued Monday Monday Monday as as as the the the Dow Dow Dow Jones Jones Jones industrial industrial industrial average average average fell fell fell two two two percent percent percent and and and the the the S. S. S. and and and P. P. P. five five five hundred hundred hundred gave gave gave up up up three three three point point point two two two percent percent percent slumping slumping slumping to to to its its its lowest lowest lowest close close close in in in more more more than than than a a a year year year the the the nasdaq nasdaq nasdaq gave gave gave back back back four four four point point point three three three percent percent percent Wall Wall Wall Street Street Street reflected reflected reflected a a a global global global slide slide slide as as as stocks stocks stocks fell fell fell across across across Europe Europe Europe and and and much much much of of of Asia Asia Asia with with with investors investors investors worried worried worried about about about China's China's China's economy economy economy in in in addition addition addition to to to concerns concerns concerns about about about rising rising rising interest interest interest rates rates rates as as as the the the federal federal federal reserve reserve reserve tries tries tries to to to tackle tackle tackle inflation inflation inflation the the the S. S. S. and and and P. P. P. five five five hundred hundred hundred wall wall wall street's street's street's main main main measure measure measure of of of health health health is is is down down down roughly roughly roughly sixteen sixteen sixteen percent percent percent from from from its its its record record record set set set early early early this this this year year year hi hi hi Mike Mike Mike Rossio Rossio Rossio

Mike Mike Mike Mike Rossi Ross P. P. P. Asia Asia Europe China Federal Federal Federal Reserv Asia Mike Mike Mike Rossio Rossio R
"dow jones" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:42 min | 7 months ago

"dow jones" Discussed on Bloomberg Radio New York

"Take Twitter private isn't permanent Dow Jones reports Musk has told potential investors he could return the social media platform to public ownership in three years or so after the deal closes There had been a report that Musk is looking for more financing so as to tie up less of his money in the purchase Liv still doesn't have all of its riders back from before the pandemic It says last quarter ridership did jump by about a third from the same quarter a year ago but that came in below the 18 million analysts were expecting Starbucks says the push to unionize makes its future sales and profit performance on certain it same store sales in the U.S. rose by nearly 35% last quarter in China however they fell by almost a quarter because of COVID lockdowns On Wall Street investors bounced around while they wait to see how high the Federal Reserve will raise interest rates in the end they sent the stock averages two tenths to a half percent higher The Dow up 67 the NASDAQ 28 the S&P 20 Joan Donoghue Bloomberg radio What is dedication The thing that drives me every day is a dad is very we call them day to day for short Every day he's hungry for something whether it's attention affection knowledge and there's this huge responsibility and making sure that when he's no longer under my wing that he's a good person I think the advice I would give is you don't need to know all the answers The craziest thing was believing that your dad knew everything So as a dad you felt like you had to know everything and had to get everything right It's okay to make mistakes As long as it's coming from love then you know it kind of starts to work itself out I want him to be able to sit.

Musk Dow Jones Joan Donoghue Bloomberg radio Twitter Starbucks Federal Reserve China U.S.
Dow Tumbles Nearly 1,000 Points as Fed Readies Sharp Rate Hike

The Trish Regan Show

01:19 min | 7 months ago

Dow Tumbles Nearly 1,000 Points as Fed Readies Sharp Rate Hike

"Turning now to what we're seeing here out of the markets and the fed. I mean, again, the Dow Jones Industrial Average now down nearly 700.6 196 at this moment for loss of 2% investors are waking up to this. We have to deal with inflation, right? You can not have a situation in which consumer prices are escalating to the tune of 8 and a half percent. Year over year. I mean, this is stuff that we haven't really seen since the Carter years. In fact, you'd have to go all the way back to Reagan first coming in as president and of course Volcker, they are at the Federal Reserve to see any kind of aggressive mood towards combating inflation. And that could be what we're looking at right now. And so the big question is, if the fed is doing that, what does it actually mean for the overall economy? Can the overall economy really withstand that? We haven't had to deal with anything like this, as I said since the early 80s. So this is really unchartered territory. We're also in uncharted territory just because, look, the job market is clearly healthy. You're still seeing wage increases, not enough, not enough, clearly, to combat the inflation that's going on. But all of this complicates the situation even

FED Volcker Carter Reagan
"dow jones" Discussed on WTOP

WTOP

03:23 min | 9 months ago

"dow jones" Discussed on WTOP

"Right now we have a temperature of 33 with snow at Reagan national We're all to you by long fans 20% off savings on fences decks and pavers go to long fence dot com and schedule your free estimate today Ten 12 President Biden further tightened the screws on Russia this week with a ban on Russian energy That's further driving up gasoline prices with a gallon of regular now averaging four 35 in the D.C. region But those prices are only near record levels I talked about where prices might go with USA Today and Dow Jones market watch columnist Paul brandis We're still a ways from the all time gas height You can believe it that was hit back in the summer of 2008 when gas in real terms when you adjust for inflation That actually hit about 5 49 a gallon regular nationwide It's four 35 Today as you say so it would have to rise another dollar to match the all time high but look that's cold comfort for folks who are being hammered by these prices now very painful no question but here's what I worry about in terms of price as summer approaches prices usually rise because refiners shift to these so called summer blends of gasoline What does that mean while the gas We use in the summertime is different than the winter gas summer gas is made up of these ingredients that keep gas from evaporating in hot weather The problem is those ingredients cost more money So even in normal times prices rise when the temperatures do So it's quite possible We're not done with these price hikes But again we're still quite a ways from the inflation adjusted at least all time high Now President Biden has put the blame for all of this squarely on Vladimir Putin but you wrote in a column that it's a bit more complicated than that Can you explain When Biden said there's little he can do it's all Putin's fault I think that was really poor answer on his part is just handing Republicans a soundbite for the November midterms I mean the fact is inflation started to take off long before the war the pandemic has hurt U.S. and global supply chains The war has made that worse but we've had inflation along before a Putin went into Ukraine The White House did make one good point this week There are some 9000 oil drillers sitting on about 9000 permits rather to drill on federal land They are not drilling on these properties They could easily bring more product to market which would help lower supply but the problem is from the driller standpoint they've seen this movie before These very cyclical commodity and folks got to remember that it was only two or three years ago there was a huge wave of bankruptcies in the oil and gas industry to arriving these up and down cycles of prices deciding whether to spend capital to jump back in now It's actually kind of tricky and producers have to balance I think they're agreed with their caution about getting in now and perhaps getting burned when and if the market turns So it's all very tricky That's analysis from USA Today and Dow Jones columnist Paul brandis on Skype Joe bonamassa hailed as one of the world's greatest guitar players Joe Panama Performing.

Reagan national President Biden Paul brandis Dow Jones market watch Biden USA Today Putin D.C. Russia Vladimir Putin Ukraine White House U.S. Dow Jones Joe bonamassa Skype Joe Panama
"dow jones" Discussed on WTOP

WTOP

02:32 min | 9 months ago

"dow jones" Discussed on WTOP

"From two cities in Ukraine Ukraine has quickly fallen apart today Ukrainian leaders say Russia has kept up its shelling despite promises to pause It comes with the invasion now well into its second week and amid warnings that things could get even worse I broke it down with USA Today and Dow Jones columnist Paul brandis The ceasefire that was announced in two areas apparently has not lasted We're talking about areas that the Russians have essentially taking over They're trying to clear these places out make it easier for them to impose this rule that Putin apparently wants elsewhere there are these continued reports of the shelling of schools apartment buildings and more and look anyone who knows Russia anyone who knows the way Putin operates understands that this is just another page from his typical playbook and Chechnya he leveled cities in Syria He bombed schools the bombed hospitals This is just a campaign in Ukraine of unrelenting indiscriminate terror against innocent civilians We have to call it exactly what it is So again these Ukrainians are fleeing That's fine with him It's clearing these places out Meantime there have been intelligence reports in Europe to the effect that Russia is now planning public executions of Ukrainian officials and resistance fighters So this could in fact get much worse Do you think these calls for the U.S. to end imports of Russian oil will go anywhere and also that would still do nothing about European imports of Russian natural gas right Well this is largely symbolic I think we import about 90,000 barrels of oil a day now from Russia easily replaceable We bring in about 4 million barrels a day from Canada For example the problem of Europeans getting energy from Russia continues of course I mean the Germans have done this quick one 80 Nord stream is dead or building these two liquid natural gas ports quickly It's going to take time to bring these things online So for the short term there is this continued European dependency on Russia in terms of us cutting off Russian oil easy to do but it's really not going to impact the Russians that much thought simply sell it to China and to other places that are hungry for it Once again that's analysis from USA Today in Dow Jones columnist Paul brandis on Skype Coming up how did D.C. put on an impressive show and support of Ukraine this week It's ten 13 Have you heard about.

Russia Paul brandis Putin Dow Jones USA Today Chechnya Syria Europe U.S. Canada China Skype D.C.
More record highs for S&P 500, Dow on first day of 2022

AP News Radio

00:53 sec | 11 months ago

More record highs for S&P 500, Dow on first day of 2022

"Hi hi Mike Mike Rossi Rossi a a reporting reporting more more record record highs highs on on Wall Wall Street Street to to start start the the twenty twenty twenty twenty two two trading trading year year the the first first day day of of trading trading of of twenty twenty twenty twenty two two on on Wall Wall Street Street so so more more record record highs highs for for the the S. S. and and P. P. five five hundred hundred and and the the Dow Dow Jones Jones industrial industrial average average the the S. S. and and P. P. rose rose six six tenths tenths of of one one percent percent gaining gaining thirty thirty point point three three eight eight points points to to close close at at four four thousand thousand seven seven ninety ninety six six fifty fifty six six the the Dow Dow rose rose seven seven tenths tenths of of one one percent percent gaining gaining two two hundred hundred forty forty six six point point seven seven six six points points to to close close at at thirty thirty six six thousand thousand five five eighty eighty five five oh oh six six the the nasdaq nasdaq rose rose just just under under one one hundred hundred eighty eighty eight eight points points to to fifteen fifteen thousand thousand eight eight thirty thirty two two apple apple rose rose two two point point five five percent percent in in closed closed just just shy shy of of becoming becoming the the first first company company to to hit hit a a market market capitalization capitalization of of three three trillion trillion dollars dollars the the solid solid start start follows follows a a banner banner year year for for Wall Wall Street Street in in twenty twenty twenty twenty one one the the S. S. and and P. P. five five hundred hundred gained gained twenty twenty six six point point nine nine percent percent last last year year posting posting seventy seventy record record highs highs hi hi Mike Mike Rossio Rossio

Mike Mike Rossi Rossi P. P. P. P. Rose Apple Mike Mike Rossio Rossio
"dow jones" Discussed on KOMO

KOMO

01:47 min | 1 year ago

"dow jones" Discussed on KOMO

"In the red but the Dow Jones industrials rising 74 points to notch a fresh closing high for the first time in two months Yes Amazon this week announced plans for 150,000 seasonal hires which is good news for job hunters but it also means that fulfillment costs are going up at the ecommerce giant as it also deals with rising shipping costs As a result Credit Suisse today cut its price target on Amazon's stock The company slated to post third quarter results next Thursday Hockey will be on a lot of televisions tomorrow evening when the kraken play there first ever regular season home game at the climate pledge arena Numerous sports bars and breweries in and around Seattle will host watch party some of them offering deals on food and drink for the event That's your money now I'm Jim cesco komo news Live It's all about you All right here we go Ready Let's do it Yes It's the show America wants and American needs right now This is what would you do Let's go How are you Yeah So what will you be watching Saturdays on ABC News live What would you do I guess I just found out So what would you do marathon 12 to 6 eastern every Saturday on ABC News live My favorite cell this is what being live is all about This is ABC News live We're surrounded by squeezing Delivery runner I'm not afraid to go there So my question mister president what are you so afraid of Breaking news live events This is the moment Streaming straight to you anytime anywhere You just spent one friend right here You're.

Amazon Jim cesco Credit Suisse ABC News Hockey Seattle America
Stocks Drop the Most Since May on Worries Over China, Fed

AP News Radio

00:52 sec | 1 year ago

Stocks Drop the Most Since May on Worries Over China, Fed

"Hi Mike Rossi a reporting stocks dropped the most since may on worries over China and the fed worries about a potential collapse by Evergrande one of China's largest real estate developers and the potential ripple effects across markets sent stocks tumbling on Wall Street Monday the markets are also worried the federal reserve may pull back its support for the economy the S. and P. five hundred suffered its biggest drop in four months falling over seventy five points or one point seven percent to four thousand three fifty seven seventy three after two weeks of losses the S. and P. five hundred is on track for its first monthly decline since January the Dow Jones industrial average briefly dial nine hundred seventy one point fell six fourteen to thirty three thousand nine seventy the nasdaq fell three hundred thirty points or two point two percent losses mirrored drops in overseas markets hi Mike Rossio

Mike Rossi Evergrande FED China Mike Rossio
A Global Selloff to Kick off Disrupt Week

Equity

00:28 sec | 1 year ago

A Global Selloff to Kick off Disrupt Week

"A hello. This is alex of course happy monday. Hope you're doing. Well hope he had a good weekend and that all things are gucci where you are. I'm scared because the markets are in freefall. This morning it is an absolute mess out there. We have the dow jones industrial average off six hundred twenty points in market trading or two point eight percent that in case. You're not sure is lot yes. It is the nasdaq is off two hundred and eighteen points or one point four percent. This morning again. Pre-market trading numbers. So we're kind of looking ahead to what the. Us markets will

Gucci United States
Private Payrolls Increase by Just 374,000 in August

The Erick Erickson Show

01:12 min | 1 year ago

Private Payrolls Increase by Just 374,000 in August

"Our economy is realigning in various ways private poet payroll increased by just three hundred seventy four thousand in august the estimate from adp with six hundred thousand. This is from cnbc us. Companies created far fewer jobs than expected in august as the covert resurgence coincided with cutbacks in hiring according to a report wednesday for payroll services firm. Adp private payroll rose. Just three hundred. Seventy four thousand for the month well. Below the dow jones estimate of six hundred thousand though above july three hundred twenty six thousand which was revised downward slightly from the initial. Three hundred. thirty thousand reading. Most of the new jobs came from leisure hospitality which added two hundred one thousand positions in a somewhat hopeful sign that an industry beset by labor shortages continues to recover education and health services combined. Fifty nine thousand for the month is hospitals in some parts of the country were swamped with virus. Cases and schools began to reopen following a robust recovery from the shortest but steepest recession in. Us history economic data late has been disappointing. Possibly reflecting pullbacks from the summer surge of the delta

ADP Cnbc United States
Modest Gains Nudge Nasdaq Above 15,000 for the First Time

News and Perspective with Taylor Van Cise

00:16 sec | 1 year ago

Modest Gains Nudge Nasdaq Above 15,000 for the First Time

"Gains but enough to earn both the S and P 500 NASDAQ composite index fresh closing highs. Yes and PhD, up six points today and the NASDAQ Rose 77, the first ever close above 15,000 for that tech heavy index. The Dow Jones industrials gained 30 points

"dow jones" Discussed on Crack the Customer Code

Crack the Customer Code

04:35 min | 1 year ago

"dow jones" Discussed on Crack the Customer Code

"And you talked aver into the four hundred mid four hundred zero an episode that we have talked about so many industries so many different variations and forms of customer experience. And how they're apply but you know what today. We have a new industry that we have not talked about before it's true. It's so exciting. I mean think about that. Four hundred sixty plus episodes. I never talked about this. We're talking with alli liechenstein. I said that right. Yeah okay of dow jones and we really haven't talked about customer experience as it applies to journalism. And you know alley. And we'll get into this in the interview. But allie has customers. That are both beat ac- and be to be so there's dynamic that we thought about before but it's through a different lens which i thought was really interesting. I agree. I really enjoyed this conversation a lot. Because alley brings a customer experience lens to an organization that has different types of brands serving different types of people..

alli liechenstein dow jones allie