30 Burst results for "Eric Rosengren"

Fresh update on "eric rosengren" discussed on Squawk Pod

Squawk Pod

02:06 min | 3 hrs ago

Fresh update on "eric rosengren" discussed on Squawk Pod

"Is is is can't be generalized it. It can't be generalised as principals soup example in pay pal. We're going look. We need to get the the network to a critical mass such that regulators would appreciate us and and what are positive role in the banking system would be you need to do that. I in something like jobe. What you're doing is say. No no you need to get the certification and you need to have a complete understanding on certification of safety first before you even have one person going into it so it depends on what the the issue is. What the possible harm are one of the other things that you mentioned and fast company covered this with you. This idea that you have to let fires burn in terms of this is really a lesson i think. In focus for entrepreneurs and ceos which is when do you focus on the fire in front of you and when you focus on the big big fire in front of you know exactly and part of the thing was is the emotional thing of you go home. Every night is an entrepreneur with fires burning. That can kill your business and so how do you do that. Triage and it isn't so you're you're never comfortable with it but you are kind of going. Look i understand that. I will get to that one later. And how do you triage. Them is an essential part of entrepreneurship. 'cause you jump off a cliff in you. Someone airplane on the way down metaphor entrepreneurship. That's a little scary. Read final question for you. You've interviewed so many entrepreneurs is there one interview or one entrepreneur rather that you haven't interviewed yet that's on your wishlist. There's a number Hopefully we're we're still working on it. Previously was brock obama which we did earlier this year And now there's a few others that you know i'm in dialogues with and we're trying to figure out without there you can. You can make the invitation public. Maybe maybe it will encourage them. Well i think we i think you know. Respecting people's privacy. In the magic of the show was part of the is part of the brand promise. Farinelli thought the book is called masters a scale. Just like the podcast. It is absolutely worth the read and We appreciate seeing you again. Read this morning. Thank you will be coming up. Fed officials investment portfolios and massive trades. Cnbc st policeman has been following. That money brought up fixed income. That's what better thing to try to can't really do stocks. Joe you're scheming again. The ethics of investing for public officials when swap pot is back september twenty nine cnbc's delivering returns with exclusive access to the biggest names in investing register now for this virtual event delivering up dot com. Use promo code. Cnbc twenty-five and save twenty five percent off registration. You're listening to slack. good morning. Welcome back to squawk box here on. Cnbc's friday colonel with becky quick andrew. Ross sorkin monday though feel it conceal it. Friday and moment carpet fed chairman powell ordering an ethics review after several fed presidents revealed large investments in stock trades. Steve lebron has been following the story and he joins us right now with. Moore's steve. this does sound like this. Pretty big reaction to the story that we heard about a week and a half ago. It is becky amid an outcry about fed officials owning and trading individual securities in depth. Look by cnbc. At fed. Officials disclosures found three officials. Last year held assets of the same type. The fed itself was buying boston president. Eric rosengren hell between one hundred fifty one thousand eight hundred thousand dollars worth real estate. Investment trust owned mortgage-backed securities. He made thirty seven separate trades in four weeks during two thousand twenty the fed last year it purchased almost seven hundred billion dollars in. Nbs rosengren announced last week he would sell those positions stop trading while he's president the same access dallas fed president robert kaplan who actively traded millions of dollars of individual stocks said. He would take a spokesperson for rosengren told cnbc that he quote made his personal savings and investment transactions comply with what in permissible underfed ethics rules that share jay. How between one and a quarter and two and a half million dollars municipal bonds. The bonds were purchases earliest. Two thousand fifteen and no later than twenty nine thousand nine. There were just a small part of his overall portfolio. They were held. However while the fed last year bought twenty one billion dollars muniz including one from the state of illinois from which powell also held some bonds offense spokesperson told. Cnbc powell had no say over the feds individual per bond purchases and no say over the investments in its families trust a fed ethics officer determined that the holdings did not violate the feds at rules. Restrain fed president thomas barking. He had one point three five. Three million dollars in individual corporate bonds purchase prior to twenty twenty. He held those bonds however while the fed last year bought forty six billion dollars of corporate bonds. Barkan declined to comment. None of these holdings traits appear to be barred by fed ethics rules. But they raise the question. Should those rules have banned officials from holding or trading the same assets the fed bought after it widened those type of assets it would purchase in response to the pandemic defense code of conduct says officials quote should be careful to avoid any dealings or other conduct that might convey even an appearance of conflict between their personal interests the interests of the system and the public interest. Dennis kelleher he. Co the nonprofit better markets told cnbc that if such actions are not against the rules perhaps the rules need to change to think that such trading is acceptable because supposedly avowed by the fed's current policies. Only have the feds policies are woefully deficient and as beckie said in response to our questions. Cnbc a spokesperson released a statement yesterday. Saying that fed chair jay. How ordered a review. Last week of the fed's surround permissible financial holdings by senior fed officials. Becky see if i think this does get to the debate that andrew was bringing up earlier. Look we we want fed officials who have an understanding of the markets if the rules are too stringent will you then no longer lure people in who maybe have decades of experience in the markets and therefore have large holdings as a result. You don't necessarily want an all academic fed. I understand the concerns about the appearance of impropriety. Making sure that you can't influence these things but is there some middle ground. That could be found. Let me ask you question becky. Do we want a retail reporter at the wall street journal. Who knows the retail business and knows finances. And i'm thinking back to those halcyon days when you were the retail reporter which you have held a bucket of retail stocks while you were covered now definitely but that's what i mean instead of individual stocks. Can you hold something like the because when you look at. The fed can probably influence the snp index more than individual stock. So where's the ground with that we we. We don't own individual stocks outside of comcast our parent company but we are allowed to trade.

FED Brock Obama Farinelli Cnbc Ross Sorkin Chairman Powell Steve Lebron Jobe Becky Eric Rosengren Nbs Rosengren Rosengren Cnbc Powell Thomas Barking
Fed to Review Financial Trading Rules for Officials

Africa Business News

00:42 sec | 7 hrs ago

Fed to Review Financial Trading Rules for Officials

"The united states federal reserve is reviewed ethics policy that governor financial holdings and activities of senior officials in the wake of resent disclosure that to regional fed presidents engage in extensive trading last ti- financial disclosure form shows arabic's coupling president of the dallas federal reserve bank into into twenty treated millions of dollars of stock in companies. Such as apple. Amazon and google while eric rosengren president of the boston fat traded stocks in real estate investment. Trust coupla hours in green said last week that it trades repeated on the feds ethics rules. They however sat there will sell their holdings at the end of this month and place. In money index funds we truck a wide range of securities or in cash.

United States Federal Reserve Dallas Federal Reserve Eric Rosengren Amazon Apple Boston Google
Fresh update on "eric rosengren" discussed on America's First News

America's First News

00:34 min | 7 hrs ago

Fresh update on "eric rosengren" discussed on America's First News

"Traded millions of dollars in stock and companies such as Apple, Amazon and Google in 2020, the three uh real big winners during the pandemic. And Eric Rosengren, president of the Boston Fed treated in real estate investment trusts, according to financial disclosure firms. Now. The Fed said on Thursday that late last week, reserve chair Jerome Powell directed staff to take a comprehensive look at the ethics rules around permissible financial holdings and activities by senior Fed officials. In other news this morning here on a F N Actually, we will keep it right here, folks. As we continue this hour on America's first news, I still to come this morning, Uh, pair of former MVPs will clash in this week's marquee NFL matchup and backfield. Mayhem is clouding the picture for some fantasy owners will take a look at the NFL week two. And we will check in with the fantasy football shows, Smitty With our F and fantasy forecast. Will Aaron Rodgers bounce back plus the U. S. Britain and Australia. They are reshaping security relations with the announcement that they're forming that new trilateral security alliance. Right, drew sharp rebukes from not only France but China as well. We will hear from the leaders of Australia as well as Secretary of state and the Blinken coming up as they are looking to reassure ally France and also still to come on a F in Florida, marking a grim milestone surpassing 50,000 covid 19 deaths since the beginning of the pandemic. We will hear from governor around Santa's and the White House. We will hear from White House press secretary Jen Psaki, who says that There's no concern over the president's health. Of course, the president has been coughing a lot lately. And NBC News Kelly O Donnell wanted to know why all of that and more on the way as I mentioned we are just getting started on this Friday morning, the 17th day of September. Grab the coffee. Let's go. You're listening to America's first news. Good morning. Now. Good morning..

Amazon Eric Rosengren Google Apple Kelly O Donnell Jerome Powell Thursday 2020 Florida Nbc News 50,000 Boston Fed FED 19 Deaths Jen Psaki Aaron Rodgers Santa First News White House China
"eric rosengren" Discussed on The Peter Schiff Show Podcast

The Peter Schiff Show Podcast

04:20 min | Last month

"eric rosengren" Discussed on The Peter Schiff Show Podcast

"Well the sap five hundred and the dow both backing off from the all time record highs that they said friday last week in fact the dow jones recovered from a just over. Five hundred point intraday laws to settle down just two hundred and eighty two points point seven nine percent. Snp made a similar move not quite as big down point. Seven one percent. The nasdaq and the russell. Two thousand were weaker. Nasdaq down just off. One percent russell. Two thousand almost one point two percent seems like the companies that are more focused on the. Us economy were the ones that fared worse in today's market. And i think a lot of the selling was a reaction to comments that were made in an interview following friday's close on. Cnbc steve lease mun interviewed boston. Fed president eric rosengren and rosengren expressed pretty solid support to begin to taper in the fall and of course the fall is almost here and so this may be one of the first of potentially many taper tantrums to come as the markets are starting to price in what they believed to be tighter. Monetary policy in fact. The dollar index had a big update. Today a point. Five one dollar index climbing back above the ninety three handle closing at ninety three thirteen gold and silver on the defensive although gold only off a few bucks not much damage but look at the gold mining stocks in particular the junior mining stocks. J. down another two percent hitting a new fifty two week low. But you know i watched that interview with rosengren and i have a completely different reaction rather than thinking that. The fed is getting ready to tighten monetary policy. My take away was. It's more likely that they're getting ready to ease forgetting about the taper even if they start to taper that's not really tightening up on policy basically all the taper means is that the federal reserve monetize is a little bit less. Us government debt in the future than it is monetize ing in the president so in other words they're still pouring gasoline on an inflationary fire. They're just pouring a little bit less gasoline than they were but any additional gasoline is gonna make to fire burn hotter. So i don't care if they taper. They are still adding fuel to the inflation. Fire the only way to put it out is to actually reverse quantitative easing and to quantitative tightening. But that's not going to happen. But i think the more important comments were for interest rates. Because when rosen. Grand was talking to steve liebmann. And they're talking about the taper and yes i think the conditions are right for taper. We've made some substantial progress. And so therefore i think we should start tapering and the fall would be a good time to do it then. Lease asked him okay. So what about rate hikes and you guys made some emergency rate cuts right. We're at zero. So when are you going to start raising rates or whether you can start thinking about. Raising rates was the specific question and then rosengren responded by saying well you know. The criteria for rate hikes very very different than the criteria for tapering meaning. The fed has rated taper but they're not prepared to actually start raising rates. So what are the criteria. Well rosencrantz said. He has two criteria that are necessary for the first rate hike. Meaning that we're going to stay zero and we're not gonna have any rate hikes until the fed is satisfied that this criteria has been met the first one and i'm not making this up. Is that the fed needs to be sure. They need to be confident that the outcomes that they've already seen are consistent with inflation staying slightly above two percent in twenty twenty two..

rosengren steve lease mun fed eric rosengren russell dow jones sap Cnbc steve liebmann boston Us ing rosen rosencrantz
Fresh update on "eric rosengren" discussed on Wall Street Breakfast

Wall Street Breakfast

01:57 min | 7 hrs ago

Fresh update on "eric rosengren" discussed on Wall Street Breakfast

"Are pointing to a lower open with dow. S&p nasdaq futures. Down as much as a quarter of a percent. A reminder today is triple witching for options expirations increasing the potential volatility the yield on the benchmark tenure. Us treasury note moved up to one point. Three four percent from one point three three percent oil prices have pulled back after five consecutive days of gains brent crude oil declined to half a percent to trade at seventy five twenty nine a barrel. It's still up more than three percent for the week overseas. The stocks europe six hundred advanced eight tenths of a percent with travel stocks rallying on reports that the u k will ease restrictions in asia. Most major benchmarks rose. The shanghai composite is down more than two percent for the week. Gold futures are up six tenths of a percent to seventeen hundred sixty six dollars. An ounce and bitcoin is higher by about two percent trading around forty eight thousand dollars. Now our top stories. The commerce department on thursday reported retail sales rose seven tenths of a percent in august from earlier. That was better than the eight tenths of a percent decline. That economists were expecting while the gains were broad-based three retailing categories registered a drop car dealers electronics and appliance stores and stores such as sporting goods retailers. Those declines were due to supply chain problems rather than consumers unwillingness to spend car. Sales fell three point. Six percent last month as dealership inventories remain low in other economic news. Initial jobless claims rose by twenty thousand last week to around three hundred thousand but they remain near a pandemic low separately. The philadelphia federal reserves business activity index rose to thirty point seven in september from nineteen point four in august that snaps a four month streak of declines a food and drug administration advisory panel meets today to weigh evidence on xtra cove. Nineteen shots the outside panel of about twenty scientific advisers is set to review information about the pfizer and bio n tek vaccine's declining protection against kobe. Nineteen and how people tolerated additional doses if the vaccines and related biological products. Advisory committee recommends authorising boosters. The fda could move within days to approve distributing them. The fda is not required to accept any decision by the panel but generally does in related news. Seattle is set to require kovic. Vaccinations and testing for indoor activities and in california governor gavin newsom has signed legislation allowing construction of duplexes on most properties with one home that curtails single family zoning the legislation also makes it easier to divide existing lots into to making it possible for four homes to be built or only one was previously allowed. The median home price in california rose more than one hundred and forty percent between two thousand and twenty nineteen to nearly six hundred thousand dollars. That's according to the california association of realtors. The legislation could spur more housing construction. The surge in cova nineteen cases in southeast asia has hit ports and closed plantations and processors extending disruptions of supplies of raw materials such as palm oil coffee and tin in malaysia. Pushing up the price of palm oil. That's used to make candy bars. Shampoo and biofuel in vietnam. The world's number two coffee exporter by volume delays in processing have cut exports while poor weather in brazil is also making coffee more expensive. The global tin supply has been hit by kobe. Nineteen related interruptions at a smelter in malaysia contributing to higher prices for the industrial metal. Which is used to connect computer chips to circuit boards in electronics. Italy is making cove in one thousand. Nine health passes mandatory for all workers in the private and public sectors. Prime minister mario draghi's government passed a decree thursday requiring workers including those who are self employed to have a digital certificate known as a green pass. Thousands of protesters took to the streets in el salvador is the central. American nation became the first in the world to adopt bitcoin as its legal currency along the us dollar most marchers and el salvador's capital of san salvador peaceful but some smashed and torched at least one bitcoin atm on wednesday. Some war shirts that read no to bitcoin and sprayed anti bitcoin graffiti along protest roots. The world bank cancelled report rating the business environment various countries after a probe concluded that senior bank management pressured staff to alter data affecting the ranking of china and other nations china formerly applied to join the comprehensive and progressive agreement for trans-pacific partnership on thursday. The initial eleven nation asia pacific trade pack. It was originally known as tpp was crafted under the obama administration. President trump pulled out of the deal in twenty seventeen. France said that it has been betrayed by the us after being pushed out of a multibillion dollar deal to supply submarines to australia democratic lawmakers mulling a carbon tax as negotiations continue over the administration's three and a half trillion dollar spending plan senate. Democrats are discussing a carbon tax. That would charge between ten and twenty dollars per tonne of carbon emissions previously senate finance committee democratic staff included a carbon price laying out the possibility of charging fifteen dollars per tonne of carbon emissions from fossil fuels a tax per ton of carbon emissions from industrial emitters and a per barrel tax on crude oil federal reserve chair. Jerome powell has ordered a review of the ethics rules governing financial holdings in dealings by senior officials at the us central bank. The review follows news reports last week. That dallas fed president. Robert kaplan and boston fed president. Eric rosengren both said that they would divest any holdings of individual stocks by september thirtieth and put the proceeds into index funds or cash. Both fed presidents reported trading individual stocks earlier. This year. invesco is in talks to merge with state street's asset management business invesco.

Us Treasury Kovic Asia FDA Commerce Department Prime Minister Mario Draghi Shanghai Gavin Newsom Malaysia California Association Of Real California
"eric rosengren" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:39 min | 3 months ago

"eric rosengren" Discussed on Bloomberg Radio New York

"Hong Kong. I'm Brian Curtis and I'm Paul Allen in Sydney, where it's nine a.m. Thursday morning futures pointing south to the tune of 4/10 of 1%, as Sydney stands on the outbreak of something quite awful. We might talk about that a little later on. But for now, how the markets around the rest of the region looking Brian It looks like some light selling expected today, most of the future as a trending to the downside flat in Tokyo but foot in China, a fifties down 1/10 of a percent. Hang sang index futures also down 1/10 of a percent. And we just moved up about 1/10 of a percent in S and P E minis Investors really weighing up economic recovery Here versus the specter of higher inflation and what it means for the Federal Reserve. The S and P 500 in this latest session drifted between gains and losses for most of the day. Retail and financial shares. Outperformed Tech did pretty well. A rally in Tesla helped drive the NASDAQ to a new all time high, and we had some mixed fed commentary will get you details on that in a moment. We have some data out US manufacturing activity expanding and unit the fastest pace since 2000 and seven. But then we had sales of new homes unexpectedly falling last month. Higher prices, weighing on affordability and looking at some of the quick numbers here, the S and P 500 down 1/10 of a percent. The Dow Jones industrial average down 2/10 of a percent. The NASDAQ with again of 1/10 of 1% and volatility at the moment it dropped overnight down to 16.32. We had the yield on the 10 year Treasury at 1.48% so Treasuries down the yield up a little up a couple of basis points and WTI crude $73.24 a barrel Paul All right. Thanks, Brian. Well, we've had more fed officials speaking out about when the U. S. Central Bank should begin to taper asset purchases. Dallas Fed Bank President Robert Kaplan says the U. S economy will likely meet the Fed's threshold, the tapering its asset purchases sooner than people think. He's told us that starting it sooner will give the Fed more flexibility on future rate increases, Kaplan told us he's also penciled in a rate hike for next year. Meanwhile, Atlanta Fed Bank President Raphael Bostic said the U. S Central bank could decide to slow its asset purchases in the next few months. Said. The economy is rebounding strongly. Conditions are in place for the US to get a consistent level of inflation that is slightly above the Fed's target. And Boston Fed Bank President Eric Rosengren also expects inflation to ease next year. And then returned close to the central bank's 2% target as supply shortages resolve, Brian Well. The United States is set to bar some solar products made in China's Xinjiang region. Let's get the story from Bloomberg's Tom Mackenzie. Factories in Xinjiang produce around half the global supply of Poly silicon, a material critical for solar panels and semiconductors. That production has been tainted by allegations from advocacy groups and a panel of U. N experts. Who say wiggles and other Muslim minorities have been subjected to human rights abuses in Xinjiang. China denies the abuse allegations, saying they are an attempt to undermine successful businesses. Biden administration's move to curb some imports from the region has implications for solar supply chain. It could force US companies to source materials elsewhere at a time of rising costs. In Beijing. Tom Mackenzie Bloomberg Daybreak Asia. Well. Today marks the last day of Hong Kong's Apple Daily publication. Baxter Scott Global News,.

Tom Mackenzie Brian Curtis Sydney 1.48% Kaplan Hong Kong Beijing China Paul Allen Tokyo Fed Tesla Asia U. S. Central Bank U. S Central bank Today Brian Well 16.32 next year nine a.m. Thursday morning
Fresh update on "eric rosengren" discussed on Newscast - Africa

Newscast - Africa

00:36 sec | 7 hrs ago

Fresh update on "eric rosengren" discussed on Newscast - Africa

"You're listening to the news and africa. Business radio the united states federal reserve is reviewed ethics policy that governor financial holdings and activities of senior officials in the wake of resent disclosure that to regional fed presidents engage in extensive trading last ti- financial disclosure form shows arabic's coupling president of the dallas federal reserve bank into into twenty treated millions of dollars of stock in companies. Such as apple. Amazon and google while eric rosengren president of the boston fat traded stocks in real estate investment. Trust coupla hours in green said last week that it trades repeated on the feds ethics rules. They however sat there will sell their holdings at the end of this month and place. In money index funds.

United States Federal Reserve Dallas Federal Reserve Eric Rosengren Africa Amazon Apple Boston Google
Dow Futures Gain, Tech Rebounds as Vaccine Bets Drive Stocks

Squawk Pod

00:27 sec | 11 months ago

Dow Futures Gain, Tech Rebounds as Vaccine Bets Drive Stocks

"Futures are building across the board here at the open at. We'll see if the dow but it may be on pace for the best monthly gain since nineteen eighty-seven goldman with a bullish call on stocks next year in the wake of that recent vaccine news a bond markets are closed. On this veterans day a roadmap begins with the covid vaccine optimism fueling this market rally into a third day but with us cases Continuing to hit records the feds. Eric rosengren says we may be in for a very choppy six months ahead.

Goldman Eric Rosengren
Fresh update on "eric rosengren" discussed on America's First News

America's First News

01:47 min | 8 hrs ago

Fresh update on "eric rosengren" discussed on America's First News

"September the worst of any month, according to Now. The stock Traders Almanac today, in particular begins historically weak period for stocks as those September losses typically come on the back half of the month. Call. Senate Minority Leader Mitch McConnell is not budging from his demand that Democrats go it alone on the federal debt limit. McConnell reiterated in a call with the Treasury secretary that Republicans will not help lift the cap on federal borrowing, which now stands at 28.4 trillion. McConnell says. If Democrats will go it alone on the president's $3.5 trillion budget, and then they can use the same tools and their majority to raise the debt ceiling. Top Democrats met with the White House overnight to discuss options. Lawmakers appear to have only a few weeks to devise a plan before Treasurys forced to either delay. Or miss payments Now, if Republicans refused to help, Democrats could amend their $3.5 trillion budget resolution to include the debt ceiling that would need just 51 votes for approval with Vice President Kamala Harris being able to cast the tie breaking vote. President Joe Biden on Thursday said he is confident Democrats will push that bill through. And the choices this we're going to continue with an economy where the overwhelming share the benefits go to big corporations in the very wealthy, or are we going to take this moment? Right now? To set this country on a new path? One that invests in this nation creates real sustained economic growth and the benefits everyone, including working people in middle class, folks, That's something we haven't realized in this country for decades. I'm the dad. Excuse me. Dad is absolutely clear. Over the past 40 years, the wealthy have gotten wealthier and too many corporations of lost a sense of responsibility to their workers, Their communities and the country. Just look at the facts CEOs used to make about 20 times the average worker and a company that they ran today. They make more than 350 times with the average worker in their corporation. Makes The president expressing confidence, even though Axios reported that he failed to convince a key Democratic Senator Joe Manchin, to support his spending plan during an Oval Office meeting Thursday. Imagine remains firm and opposition to any plan that costs more than 1.5 trillion. He and Senator Kirsten Cinemas votes would likely be needed to pass that bill under reconciliation. On Facebook CEO Mark Zuckerberg has repeatedly publicly maintained Facebook's neutral. It's a platform that puts its billions of users on equal footing, but not according to a bombshell, while Street Journal investigation, citing leaked internal documents. It shows quite the opposite. According to the investigation. Facebook has a white list list that allows politicians, celebrities and other public figures to flout the rules. I talked to Tech blogger Clark read about That policy. They have known about these issues for a while, and Zuckerberg himself rejected them correcting this Wow, years ago, so it gets even worse for for Zug, But basically what this X check is, Is it shields VIP users? From Facebook jail basically, and a lot of us have been in Facebook jail for a day or a week or whatever for posting something that made no sense. The algorithm just thought it was bad, So you're you know, and there's no appeal. But 5.8 million users and celebrities, politicians and journalists are on this exclusion list. Their white listed And they can post you know things that would get you or I thrown and Facebook jail, but they don't They get the skate. So, uh, it's too early to tell if this being disclosed will get Facebook off the case and make them do what they should. But Uh, we'll see Do really. They need to, like, apply the rules across the border, which is what they claim to do. But now we know that has never been true. I'd love to know who who's on the list. Oh, I would, too. I don't know if Wall Street Journal is the one that broke the story and whether they'll be able to dig that out and release it or not, But there are five million of them. I mean, it's a lot of people, but You can bet it's some major politicians we all know of, you know that we're on on the white list, and it's like, come on, guys, and also from that bombshell investigation. Facebook. Admitting Instagram makes quote, body image issues worse for one and three teen girls now Instagram responded to the revelation, saying that will instagram can be a place where users have negative experiences at the APP also gives a voice to marginalized people and helps friends and families stay connected. Well, we kept shopping last month. Americans as a whole. Despite a rise in Covid 19 cases, retail sales arising a seasonally adjusted 190.7% in August from the Month before much better than the decline the 0.8% decline that Wall Street analysts expected. However, Thursday's report shows a shift in how the delta variant changed where we were spending our time and money. Online sales soared 5.3% last month while sales at restaurants and bars where flat from the month before. And the Fed Reserve is reviewing its ethics policies that cover financial holdings of its senior officials in the wake of disclosures that to regional fed presidents engaged in extensive trading last year during the pandemic. Robert Kaplan, president of the Dallas Federal Reserve Bank, in 2020 traded millions of dollars in Tech stock, Apple, Amazon and Google all companies that Made Off fortune during the Covid pandemic, while Eric Rosengren, president of Boston Fed, traded in real estate investment trust that according to financial disclosure forms, the Fed said Thursday that late last week reserve chair Jerome Powell directed staff to take a comprehensive look at the ethics rules around permissible financial holdings and activities. By a senior Fed officials. Well. The National Toy Hall of Fame finalists have been announced that cabbage Patch kids, the rosy cheeked dolls that left store shelves picked clean during the first big holiday toy craze ER Up for a spot in it. It's part of a finalist group announced Wednesday that also includes garden variety, sand and the toy fire engine. Also among the finalists being considered for the November induction. Five games. Battleship risk the settlers of Catan, Magelang and billiards as well as the pinata, American Girls, masters of the Universe and Fisher Price corn popper put that sucker in there. The finalists pulled from the thousands of nominations the National Toy Hall of Fame receives each year. Anybody can nominate a toy panel of experts, along with input from the public votes in the three to be inducted the 74 previous honorees of run the gamut from Simple cardboard box too. A stick to the ground breaking Atari 2600 games system to be inducted. Toys must have withstood the test of time and memory changed play or toy design.

Robert Kaplan Eric Rosengren Amazon Apple Google Thursday Clark 0.8% Facebook Jerome Powell Zuckerberg Dallas Federal Reserve Bank 5.8 Million $3.5 Trillion Mcconnell 5.3% 28.4 Trillion 190.7% Five Million Wednesday
Stimulus from Congress needed for full economic recovery

Monocle 24: The Briefing

01:26 min | 1 year ago

Stimulus from Congress needed for full economic recovery

"UN. Let's start in the United States Federal Reserve of. Warning more fiscal stimulus is required. ABC Five down days out of the last six sessions for us. Stocks are pretty gloomy MoD hanging over the markets in America. Coming from Federal Reserve officials really not helping. Host of comments from over the last couple of days estrogen that more fiscal stimulus more government spending possibly, tax cuts is needed in the US to sustain the economic recovery not chairman Jay Powell the money himself continuing to waive the fiscal flag while the carefully at a Congressional hearing saying that more support is likely to be necessary others while the clearer in their word in Cleveland Fed President Loretta Mestre saying it's very much needed given the deep hole the economy is climbing out of. Boston President Eric Rosengren cautioning that it could take another wave of farce infections to prompt further action. The problem not for the first time is gridlock on Capitol Hill Democrats and Republicans have been at loggerheads over the next virus relief package really throughout the some of the no formal negotiation since early, August, and then of course, the death last week of Justice Ruth Bay the GINSBURG. Putting the S Supreme Court sends a stage rather than more stimulus measures from the US government. So the Federal Reserve, the Central Bank clear that more money is needed from the government's but that doesn't seem to be forthcoming.

United States Federal Reserve United States Jay Powell Eric Rosengren President Trump Loretta Mestre ABC S Supreme Court Justice Ruth Bay America UN. Chairman Cleveland Ginsburg Boston
"eric rosengren" Discussed on NewsRadio WIOD

NewsRadio WIOD

02:25 min | 1 year ago

"eric rosengren" Discussed on NewsRadio WIOD

"Be approved in Washington, and the sellers moved back in on Wall Street yesterday. Sending the key indexes lower by 2 to 3%. The weekly report on new claims for unemployment benefits will be out before the markets open this morning. Economists think will hear that the number of applications for last week was down slightly from the prior week. The government reports on sales of new homes shortly after the start of trading right. A BlackBerry and Costco were scheduled to post quarterly results today. Several Federal Reserve officials stressed the need for the government to doom or to shore up the economy. Cleveland Fed President Loretta Mester said new support is very much needed because the economy is climbing out of a deep hole. Boston Feds, Eric Rosengren suggested it might take another wave of infections to get lawmakers to move. And that may not happen until next year. Jimmy back to you. Sorry. Thanks very much. Well, the governor of Missouri, an outspoken opponent of wearing masks. Is now in quarantine with girl virus. Both Mike person and his wife tested positive. He's 65 years old, is a Republican, was running for re election, and he was supposed to debate his Democratic opponent Friday, but that's been postponed. Corgis. Swedish researchers waited two blankets or a safe and effective way to limit insomnia, the blankets they're also tied to improve sleep quality and less sleepiness during the day, not to mention reduce symptoms of fatigue, depression and anxiety. The results of their study revealed that those who use a weighted blanket were 26 times more likely to experience a decrease insomnia. Nearly 20 times more likely to achieve remission in there. I know a couple people who swear by those things, they said. They've changed their lives buying one of those things. I'm going to try that weighted blanket there. It's tried everything else traveling. I can't hurt late night Can't late night make muffins maybe the latest victims of the pandemic. McDonald's stopped serving all day breakfast months ago. Now the fast food chain confirms it might not return restaurants or evaluating whether to put back on the menu, and it's so I'll do that. The company says they're decision will partly depends on consumer demand. The group representing franchise owners have said they're against all day breakfast. They gotta supply more stuff, you know, trained more people to.

Eric Rosengren Federal Reserve insomnia Loretta Mester Costco Washington Missouri Jimmy President Cleveland Boston Mike McDonald
"eric rosengren" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:39 min | 1 year ago

"eric rosengren" Discussed on Bloomberg Radio New York

"Lisa the bonds supply and a little bit of fatigue. Given this bond market jitters in the last 24 hours yesterday, $26 billion of 30 year Treasuries did not get received that well, which led to a little bit of a sell off. Cox. I think that's really interesting. The idea that if you get a bond so off that is not read well in stocks, not seeing necessarily that translate into the same kind of move today job but interesting, And I think probably a little too early to worry, given whether 10 years price right now never too early to worry for you. Maybe for me. It is the Post Co vered range at the moment on a 10 year let's say the lowest 50 basis points, the highest about 90 basis points with Slap bang in the middle. I think there is a little bit of concern about oversupply, particularly very long and where the Fed probably has less control, but two governments issued long term debt in the last 24 hours was the Treasury. The other Lisa Rembrandt's Apple and President Tim Cook, coming out with about 5.5 $1,000,000,000 of apple supply, and it was the 40 year portion that I think is getting the attention. It's not just about the credit risk. It's about the duration risks. That people are willing to take. Yeah, they really take it in a very low rates, and people are saying that perhaps demand for that offering took away from the U. S government. You do have to wonder, though, And I think this is a question A growing number of strategists are asking themselves, which is at what point does a head start to get worried? What point is the Feds start to step in and say we have to up our purchases of Treasuries in order to suppress bond yields? Not anywhere close to that. But it's never too early for the economic data we've had. People came in heart up. We had CP. I came in heart. We had jobless claims it came in better than expected. Lisa. We ran things out this morning with US retail sounds. At least I got to say the month of August is a fascinating case study, not the case study anybody wants to see happen, but it's what we're going to have. We have dropped the enhanced unemployment benefits. The president's come out with an executive order that enhanced executive order. The president has offered that cash one hit probably for a few more weeks, so we could go a whole month without those enhanced unemployment benefits. And we're about to see what that means for the economy to getyou of Bloomberg economics, writing that this may be the last increase the last gain in retail sales for the July reading that we get today. At 8:30 a.m. Just because of what you're saying that we are getting a runoff in some of those extra jobless benefits, and that could affect consumer spending. Also, I'm interested to see how sentiment has changed in light of some of the challenges in Washington, getting through another fiscal support package. That's a 10 a.m. We get that University of Michigan Survey 5 p.m. President Trump will be speaking. Setting a tone heading into this week's negotiations between Chinese and U. S trade negotiators. How much is he going to double down on the TIC Tac, which had issue versus just focusing on trade? John, I think that this should set a tone that perhaps could bleed into markets. If they take this serious or Lisa. How does the administration changes tune? We had The Wall Street Journal reporting in the last 24 hours that they got on the phone, the C Suite in America, Apple, the Walt Disney Company and others to got on the phone to the administration. And warn them about what they were doing in the next month for some of these Chinese tech companies and what it could mean for them and their ability to compete with big tech in China. Lisa, the cease way only cares why, because it matters to their bottom line. How the administration responsibly so I think it's going to be really interesting. It will find out ultimately this weekend. At some point. I don't think we still have a day or time for these talks, but they're going to look at phase one on the progress of the face one trade agreement, but the Chinese reportedly also want to involve a conversation. Around Chinese Tech. Let's see what this administration's gotta say. And to be clear there's bipartisan agreement that there are security concerns with some of these tech companies with we chat, a cz well as TIC tac. The question is the way that the Trump administration is going about it, how they can inflict pain or at least Punish China for some of their policies without punishing US companies. Not very clear right now, Let's get to the price action of this morning, Shall we? Good morning to you all on this. Friday morning, we shape up as follows. Equity futures lower, coming down eight points were negative 1/4 of 1% on the S and P 500 within a few 10th of 1% off all time high, So the FX market Euro dollar back down to 1 18 12 Just can't get back up to 1 19 a level we got through in the last couple of weeks in a bond market, settling down around 70 basis points on a 10 year, 0.698% on a 10 year we come in just a couple of basis points on a 10 year yield for the Federal Reserve. That is where the focus is, For many of you. I know the fiscal package stalling down in Washington. What does it mean for monetary policy? And, perhaps more importantly, what is the handling of the pandemic in the United States? Maine? The Fed officials. This's what Boston Fed President Eric Rosengren had to say..

Lisa Rembrandt president US Apple Treasuries Federal Reserve Feds China President Trump Chinese Tech Maine Washington Treasury Eric Rosengren Tim Cook Post Co Boston executive U. S
"eric rosengren" Discussed on AP News

AP News

14:02 min | 1 year ago

"eric rosengren" Discussed on AP News

"A Federal Reserve Bank president is criticizing decisions many states meet this spring to re open businesses before getting the corona virus fully under control Eric Rosengren says states in the south and west that allow businesses to re open after just brief shutdowns did register an initial burst of economic activity but spikes in infection rates soon followed in the Federal Reserve Bank of Boston president says those states economies are now lagging behind the northeast with consumers more cautious in bars and restaurants needing to shut down again Rosengren says limited or inconsistent efforts by states to control the virus based on public health guidance are not only placing citizens at unnecessary risk of severe illness and possible death but are also likely to prolong the economic downturn Ben Thomas Washington

president Eric Rosengren Federal Reserve Bank Boston Ben Thomas Washington
"eric rosengren" Discussed on AP News

AP News

14:02 min | 1 year ago

"eric rosengren" Discussed on AP News

"A Federal Reserve Bank president is criticizing decisions many states meet this spring to re open businesses before getting the corona virus fully under control Eric Rosengren says states in the south and west that allow businesses to re open after just brief shutdowns did register an initial burst of economic activity but spikes in infection rates soon followed in the Federal Reserve Bank of Boston president says those states economies are now lagging behind the northeast with consumers more cautious in bars and restaurants needing to shut down again Rosengren says limited or inconsistent efforts by states to control the virus based on public health guidance are not only placing citizens at unnecessary risk of severe illness and possible death but are also likely to prolong the economic downturn Ben Thomas Washington

president Eric Rosengren Federal Reserve Bank Boston Ben Thomas Washington
Boston Fed chief: States' rush to reopen slowed US recovery

AP News Radio

00:50 sec | 1 year ago

Boston Fed chief: States' rush to reopen slowed US recovery

"A Federal Reserve Bank president is criticizing decisions many states meet this spring to re open businesses before getting the corona virus fully under control Eric Rosengren says states in the south and west that allow businesses to re open after just brief shutdowns did register an initial burst of economic activity but spikes in infection rates soon followed in the Federal Reserve Bank of Boston president says those states economies are now lagging behind the northeast with consumers more cautious in bars and restaurants needing to shut down again Rosengren says limited or inconsistent efforts by states to control the virus based on public health guidance are not only placing citizens at unnecessary risk of severe illness and possible death but are also likely to prolong the economic downturn Ben Thomas Washington

President Trump Eric Rosengren Federal Reserve Bank Boston Ben Thomas Washington
Boston Fed chief: States' rush to reopen slowed US recovery

AP News Radio

00:50 sec | 1 year ago

Boston Fed chief: States' rush to reopen slowed US recovery

"A Federal Reserve Bank president is criticizing decisions many states meet this spring to re open businesses before getting the corona virus fully under control Eric Rosengren says states in the south and west that allow businesses to re open after just brief shutdowns did register an initial burst of economic activity but spikes in infection rates soon followed in the Federal Reserve Bank of Boston president says those states economies are now lagging behind the northeast with consumers more cautious in bars and restaurants needing to shut down again Rosengren says limited or inconsistent efforts by states to control the virus based on public health guidance are not only placing citizens at unnecessary risk of severe illness and possible death but are also likely to prolong the economic downturn Ben Thomas Washington

President Trump Eric Rosengren Federal Reserve Bank Boston Ben Thomas Washington
"eric rosengren" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:04 min | 1 year ago

"eric rosengren" Discussed on Bloomberg Radio New York

"You'll find it difficult to play with bands Francis and I'm Brian Curtis in Hong Kong let's get you caught up on this hour's top business stories and the markets China's foreign minister **** Yi says the U. S. should give up its wishful thinking of changing China he says American leaders are potentially pushing toward a new Cold War tensions have escalated between the two countries over a number of issues including the coronavirus trade and Hong Kong the Hong Kong government has pushed back against international criticism of a looming Chinese security law it said Hong Kong's autonomy would remain intact in other news the number of American workers getting jobless benefits has risen to more than seventeen percent of the total eligible labor market that bank of Boston president Eric Rosengren spoke earlier on CBS's face the nation program he said the unemployment rate would remain at more than ten percent through the end of this year unfortunately I think it's likely to be double digit unemployment through the end of this year and full employment getting back down to the low levels of unemployment we saw at the end of February probably takes either a vaccine or other medical innovations that make it much less risky to go out Rosengren also said more government support will be necessary at least until the vaccine is developed the Japanese government is set to end its nationwide state of emergency it will lift the order for Tokyo the surrounding areas of the city and Hokkaido this sets off a process to lift the measure later in the day for the area still under decree and that would be a week ahead of schedule at the same time the United States is limiting some travel from Brazil in markets the Nikkei is up one and a half percent similar gains in Australia the hang Seng index is down three quarters of one percent in China the CSI three hundred is up a tenth of one percent the yield on the ten year treasury sixty five basis points WTI crude thirty three sixty a barrel global news twenty four hours a day live in a quick take on Bloomberg this is Bloomberg.

Tokyo Boston Bloomberg China Australia Brazil United States Hokkaido Francis Japanese government CBS Eric Rosengren president Hong Kong Yi
Boston Fed CEO says "it's likely to be double- digit unemployment through the end of this year"

Bloomberg Daybreak: Asia

00:31 sec | 1 year ago

Boston Fed CEO says "it's likely to be double- digit unemployment through the end of this year"

"Boston fed president Eric Rosengren said the unemployment rate would remain at the Tampa St three twenty twenty he spoke earlier on CBS face the nation unfortunately I think it's likely to be double digit unemployment through the end of this year and full employment getting back down to the low levels of unemployment we saw at the end of February probably takes either a vaccine or other medical innovations that make it much less risky to go out Rosengren also said more government support will be necessary until a vaccine

Boston Eric Rosengren CBS President Trump
"eric rosengren" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:40 min | 1 year ago

"eric rosengren" Discussed on Bloomberg Radio New York

"Conversation with the president of the Federal Reserve Bank of Boston that Eric Rosengren he's gonna be with our own Michael McCann looking forward to that in the meantime let's get a quick check on the world of business and a quick check on trading here is strong thank you very much what's going on fed chair J. Powell met with president trump and treasury secretary Stephen Manouchian this morning to discuss the economy marking a second face to face it down this year amid relentless White House criticism all of the U. S. central bank and again just reminder we've got that interview with Boston fed president Eric Rosengren coming up literally in a matter of minutes right here on Bloomberg radio stocks churning higher ups in P. five hundred index overcoming trade spark weakness to grind higher in afternoon trading specifically about trade with China Anastasia I'm Moroso is global investment strategist at JP Morgan private bank they think a fair bit of trade Optimus is definitely price stayed with the consensus still remains a mystery two sides will sign the many trade deals I think that's why we're not seeing a bit of a move off in the equity markets T. mobile says president and chief operating officer Mike sievert will take over may first from John ledgers CEO with the company promising continuity is the driving force of its recent success the parts right now we have got to T. mobile U. S. shares up by three tenths of one percent spread by the way up by one percent the down the S. and P. nasdaq all higher SMP up three a gain of one tenth of one percent the Dow up thirty two also up one tenth of one percent no stack up two tenths the tenure of six thirty seconds at the old one point eight one percent how gold up two tenths of one percent fourteen seventy one the outside Charlie that was a Bloomberg business slash Charlie.

CEO P. nasdaq Mike sievert president and chief operating T. mobile JP Morgan Bloomberg White House Charlie president John ledgers Optimus Stephen Manouchian J. Powell Michael McCann Eric Rosengren
Not Everyone Agrees With Fed's Decision to Cuts Interest Rates for Third Time

WBZ Morning News

00:30 sec | 2 years ago

Not Everyone Agrees With Fed's Decision to Cuts Interest Rates for Third Time

"Investors are still digesting the federal reserve's decision to lower interest rates for a third time this year Boston fed president Eric Rosengren explains why he was not on board with that decision speaking at a car prince in Norway Rosen grand says lower interest rates promotes or removes a key strategy for monetary policy to adjust to further downturns in the economy he also argues that lower interest rates promotes both businesses and households to pile on more debt which in

Eric Rosengren Boston President Trump Norway Rosen
"eric rosengren" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:38 min | 2 years ago

"eric rosengren" Discussed on Bloomberg Radio New York

"The economy in on the minds of the fat for more I want to bring in mark inventor he's Wells Fargo senior economist from at Charlotte mark thank you for joining me I loved your piece talking about the impact that co spaces are having on the economy what is your take on sort of the long term durability of this space and its impact on financial stability well I I I've listened Eric Rosengren concerns in it and I I understand where he's coming from because this is a new innovation and whenever we add new innovations in real estate they haven't done all that well when recessions come around but co working space has been around for a long time and I think in this particular business cycle the ability of companies to to try a market out in for large companies and established companies to open a technology office in in Charlotte are Raleigh our Nashville and try that market out without having to make a major capital commitment to build the building are are you know a long term lease has a lot of flexibility the economy I think it I think it's it's in it's in effect just in time office space and I think that may actually help mitigate the real estate cycle here more interviews like this one on Bloomberg television streaming live on Bloomberg dot com and on the Bloomberg mobile app or check your local cable listings breaking news twenty four hours a day slash from the bed European headquarters in.

"eric rosengren" Discussed on AM 1350 WEZS

AM 1350 WEZS

09:46 min | 2 years ago

"eric rosengren" Discussed on AM 1350 WEZS

"Up in the background you have that is I've had that happen when I've been speaking with the band plays and that's where they play music and then you back out and then you go back out again that's only happened a few times but anyway so we moved to the president just pretend you know hail to the chief bom bom bom bom bom bom bom bom bom bom positive familiar did he isn't it so if we look at the president's tweets and boy he tweets a lot that's how he communicates with the world right it infuriates others and then make some pretty happy because they know what's what's going on it is this he he won't he won't stop so you know it's true opinion so the president name Robert o'brien hostage mediator I don't even know we had such a role as national security adviser he announced that on Twitter he's gonna replace John Bolton who was booted because of his many many differences with the president over many many things that was one of the tweets in the last fourteen hours also another thing that was tweeted out because he took a trip to California. he tweeted out advantage and also due to the fact that older highly polluting cars will be replaced by new extremely environmental and family cars there will be very little difference in emissions between the California standard and the new US standard and then he talked about that because he was saying that many more cars will be produced under the new and uniform standard meaning more jobs jobs jobs that was the really the essence of the tweet and that automakers have an opportunity because without the alternative to California he says you would be out of business so we have cars we have a new national security adviser and then we have a couple of other things that were also tweeted out of the president said nine hours ago J. Powell and the federal reserve fail again no guts no sense no vision Hera bull communicators so what does he mean by that well of course the feds and interest rates and anytime you talk about interest rates and of course what can happen when the feds cut of the interest rates then you know it can be checkmate obviously so they cut interest rates for the second time this year they're trying to head off a downturn I guess is what their official release would be and as the president mentioned the fed chairman Jerome Powell says that they'll do whatever is necessary to prevent a recession. all signs point in the favor of a recession and the next year or so he said we took this step to keep the economy strong so the federal funds rate which controls the cost of mortgages credit cards and other borrowing now hovers between one point seventy five percent and two percent no not everybody was on board with this a little peek behind the curtain this definitely affects you no matter where you're listening to me because you're what I said mortgages credit cards all of that so Boston fed president Eric Rosengren and Kansas city fed president Esther George have both voiced concerns that the economy doesn't need an extra boost from rate cuts. but he did have another fed president who favor to a deeper half point cut so they didn't even agree but investors hoping for deeper cuts sold off stocks so the Dow fell a hundred and fifty points following that announcement and of course for the president. with twenty twenty and a presidential election looming the thing that we care about is what's in our wallet is our economic power is can we feed our family can we pay our bills can we save any money and whatever happens on the market which response negative news can affect many of us particularly if you're lucky enough to work in a job where you have a four oh one K. and that four oh one K. is a little bit but it's a little bit of some some and a lot of times well of course when the economy tanks or when stocks fall it can rock your position especially if you're nearing retirement or whatever's you know happening so that the president has certainly broken with what's happened in the past with other presidents and pressure the fed for months over rates and he weighed in with that review that I just told you know got no sense no vision a terrible communicator the the fed looks at this as the fed looks at it is what they said is what Powell said we'll try to do what we can keep the economy steady so they even agreed to lower the rate banks pay on excess reserves to increase the liquidity and other short term lending market so what does all that gobbledygook means it means what you care about looking at signs of a potential recession and the more the fed mocks with things the more you can bet they're concerned about a recession and I think that's why the president to wouldn't like the idea that that there's another cut because that's too in one year we haven't had any in awhile and and you know there you go so stocks were kind of next week. because of the fed cutting the rates something to do Jeff van that slowly watch something to definitely definitely watch as signs of what could happen look at the housing market watch all of that that to me is a really big economic indicator one thing that the president didn't tweet out and because American was pretty vague on this in some senses but it was pretty scary as somebody who's been flying a lot and I fly American planes the American Airlines mechanic there's been one charge with sabotaging a plane took another wild turn when a federal judge in Florida actually denied bail why concerns about the workers potential terrorism ties. so that's not good this. there's some mechanic is a six year old mechanic. he's been with America. an airline since nineteen eighty eight and work for Alaska Airlines before that has a brother apparently in Iraq who may be involved with the Islamic state extremist group has made statements about wishing harm on non Muslims that was reported the Miami Herald so the evidence that was presented to the judge suggesting that he could be sympathetic to terrorists was enough for them to say now we're not gonna put any bail there's no bail. and obviously tampering with an aircraft how reckless and really unconscionable is the right way to put that so this I'm a rude med al ani was the mechanic and he did mark with the mechanics of a plane and in doing that was saying the reason that he did that is because he's being affected financially but what's going on with the mechanics and their negotiations so he he didn't like the fact that over time was. hot and that's the reason why he did that. but you got the FBI that they're investigating this they're finding out that he lied about taking a trip to Iraq in March to visit his brother that he told a co worker at American this summer that his brother was a member of the extremist group and was kidnapped so signs do not look good also his smartphone had ISIS video on it that he shared and that he sent seven hundred to someone in a rock where is born and has family he is a naturalized US citizen from a rock so he's not charge right now with the terror related crime but it doesn't look good what has been found out so are they he some some are saying or his attorney is saying that the government is over blowing his motives because he said he was only trying to get the flight cancelled or delayed not heard passengers to me that is scary as hell that you could be sitting on an American jet in Miami packed to the gills and you have no idea what's going on and you had a mechanic who messed with the plane left thinking that the flight would be canceled or delayed and then saying not her passengers are you kidding and I've been the victim of this American problem with its mechanics because they've canceled thousands of flights and that's hurt their overtime I got trapped in New York where the next day I woke up with this crazy was like a wild revolt I've never seen people so furious in my life we're we're stuck in La Guardia for ever and then what they ended up doing was.

president one K seventy five percent fourteen hours two percent nine hours one year six year
"eric rosengren" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:17 min | 2 years ago

"eric rosengren" Discussed on Bloomberg Radio New York

"Negotiations. would be the only way to resolve this so those boys Sansa speaking in a raucous parliament loss nice to get the election though Jones not she needs two thirds of all MPs to vote with him for that poll and that's definitely not guaranteed it seems at me more away from the U. K. a growing number of European central bank policy makers are expressing skepticism over the need to resume bond purchases the latest is false Wyvill were to Gallo he told French media that the ECB doesn't have to use all of its policy instruments at the same time the central bank now faces an internal debate over policy easy ahead of its meeting next week meanwhile over the United States fed officials that also notes on the same page Boston fed president Eric Rosengren said that the US economy remains relatively strong despite clearly high risks leaving him unconvinced the rate cut this month is actually needed. I think we should react once we see it in the data but I don't think we should anticipate necessarily but that's going to happen so as long as we're growing around two percent I don't see nearly as much of a need for taking a media policy action. so that was the boss of a president Eric Rosengren on the other hand the sent Lewis chief James bullet told looses that the central bank should lower its benchmark by fifty basis points two weeks from now in order to get ahead of market expectations on the global trade will both of those men vote they see it on the FOMC and speaking of for the trade will president Donald Trump is telling China to do a trade deal before next year's presidential election all face even tougher negotiations if he wins a second term he tweeted think what happens to China when I win deal would get much tougher exclamation point the comments come as Washington and Beijing are struggling to agree on the timing for the next meeting the recent tariff for loss of course has led some economists to cut the full cost for Chinese economic growth in twenty twenty now to below six percent okay let's go seven onto provides the I guess is standing by with.

Eric Rosengren president Donald Trump United States China Gallo Jones ECB Boston FOMC Beijing Washington James bullet Lewis six percent two percent two weeks
Boston Fed President Says State And U.S. Economies Remain Strong, For Now

Bloomberg Daybreak: Europe

00:49 sec | 2 years ago

Boston Fed President Says State And U.S. Economies Remain Strong, For Now

"Over the United States fed officials that also notes on the same page Boston fed president Eric Rosengren said that the US economy remains relatively strong despite clearly high risks leaving him unconvinced the rate cut this month is actually needed. I think we should react once we see it in the data but I don't think we should anticipate necessarily but that's going to happen so as long as we're growing around two percent I don't see nearly as much of a need for taking a media policy action. so that was the boss of a president Eric Rosengren on the other hand the sent Lewis chief James bullet told looses that the central bank should lower its benchmark by fifty basis points two weeks from now in order to get ahead of market expectations on the global trade will both of those men vote they see it on the

Eric Rosengren President Trump United States Boston James Bullet Lewis Two Percent Two Weeks
"eric rosengren" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:49 min | 2 years ago

"eric rosengren" Discussed on Bloomberg Radio New York

"Minutes past the hour we have the markets every fifteen minutes on Bloomberg radio and we're live in the Bloomberg interactive brokers studio in Los Angeles well check out these for headlines on the Bloomberg terminal from cease trade deal tougher on China if he's reelected U. S. factory pain will give Asian stocks a headache China seen heading for some six percent economic growth as terror of sewer and fed bank of Boston president Eric Rosengren says he's not convinced the central bank needs to get interest rates at its next meeting all of those would have a negative tone for markets in yet broadly speaking Asian stocks are pretty sharply higher now he started out looking like a down day but now thanks index is kind of carrying the day up one point one percent China's stock she doing okay let's get some details here from Bloomberg live yeah yeah livia. hi good morning rain mall mainly doing between like gains and losses this morning as you said the president on account tweeted that the trade deal will be much tougher on China if he's reelected that made a reaction maybe because China traders who don't have really easy access to to it anyway have become quite non to complete that's according to a story out today the Shanghai composite index of less than two tenths of one percent in Mulder's thirteen Chinese education stocks rebound after a tumble yesterday there was speculation that can withstand the medication operated from using a certain business structure but now I don't think stocks have been over sold the shares of companies like China may believe admission education everything about two percent today at the double digit on Tuesday thank you bye all right livia thanks very much Lindbergh Livvie up also the China PMI that citation PMI composite and services came in better than the prior we had fifty one point six on the composite and that was after we saw the at sign sheen.

Los Angeles China president Eric Rosengren Mulder Lindbergh Livvie Bloomberg Bloomberg interactive brokers U. S. Boston Shanghai livia one percent fifteen minutes six percent two percent
"eric rosengren" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:27 min | 2 years ago

"eric rosengren" Discussed on Bloomberg Radio New York

"That's much closer to two percent growth when we have a low unemployment rate a relatively low inflation unless that changes and it may change I don't see a lot of need to take action now that was the the fed president Eric Rosengren but the fed Tejay Powell will give the keynote speech of course at the big annual symposium in Jackson Hole on Friday Willis to into the trade war the trump administration's extending exemptions for another ninety days that protect rural networks and other customers for a ban on doing business with Wall way commerce secretary Wilbur Ross so folks business some US telecom companies owned dependent on Wall way so the initial wave it is deemed appropriate going a little more time to wean themselves off but there is no specific licenses for being granted for anything we are still added more than forty while way affiliates to a trade blacklist well way in reaction said that the temporary relief quote does not change the fact that one away has been treated unjustly and sticking with Charlie that loans are getting a little cheaper for Chinese companies that soft officials introduced a revamped market bench rates for the first time the change is part of China's push to connect interest rate systems to conditions in financial markets the aim is to help lower the country sticky boring costs and boost lending activities so this is the login prime rates Twitter has found and deleted hundreds of accounts it says trying to use to undermine the Hong Kong protests the social media company took down over nine hundred accounts that originated within China it says they attempted to manipulate perspectives on the demonstrations Facebook acting on a tip from Twitter says it found similar China backed operations on its network meanwhile having you're a Gemini will sell two billion euros of thirty eight that they know percent coupon for the first time a Wednesday having previously sold ten year bonds at that rate it will be a test of the continued to moan for haven assets now that the whole of Japanese yield curve is in negative territory yesterday a German long bones sold off because of signs of the German government a potentially getting ready to spend more in the event of an economic crisis interesting voted that Jeff the German Bundesbank missed a lot of attention said that it sees a growing risk that the German economy continue to contract in that sat in the third quarter it would be was in the second quarter well they they actually didn't coalition reception right let's get the latest in global news his bags.

Hong Kong Facebook US fed Jeff Gemini Twitter China Charlie Wilbur Ross Willis Jackson Hole Tejay Powell Eric Rosengren president
"eric rosengren" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:00 min | 2 years ago

"eric rosengren" Discussed on Bloomberg Radio New York

"Thank you Martin the fed could be borrowing trouble if it engages in more easing at the wrong time so says fed bank of Boston president Eric Rosengren in an interview this afternoon with Bloomberg's Kathleen Hays he says with the unemployment rate and inflation rate close to the fed's comfort levels the central bank should not be engaging in easing based on problems in Europe and other economies outside the U. S. we're supposed to focus on unemployment and inflation in the United States and so I think we're in a pretty good spot right now and there are costly easing at times that you don't need to use Rosengren said those costs of easing could include ill timed leverage for households and firms that could be tempted or encouraged by lower rates to put themselves in worse shape right before more significant problems might set in the Kansas city Federal Reserve Bank close its annual central banking symposium in Jackson Hole Wyoming starting Thursday investors we fed chairman Jerome Powell's remarks about the challenges for monetary policy ten minutes of the fed's July meeting will provide details on the discussions leading to the first interest rate cut in a decade when they're released on Wednesday we check the markets every fifteen minutes throughout the trading day on Bloomberg radio the S. and P. five hundred added thirty four points one point two percent the Dow industrials rose two hundred forty nine points nine tenths of a percent and the nasdaq climbed one hundred six points more than one and a third percent the rate on the ten year rose to one point six percent call thanks gold slipped one point one percent to fifteen oh six the ounce and the dollar rose to this year's high in corporate news Walt Disney company erase gains and was little changed at the close after market watch report cited a whistle blower who said the company had materially overstated revenue for years China's by do surged in after hours trading after quarterly revenue beat analyst estimates and that's Bloomberg business flash Bloomberg best with June Grasso and and Baxter continues now.

Jerome Powell analyst chairman Federal Reserve Bank Kansas Eric Rosengren Boston Baxter June Grasso China Martin Jackson Hole Wyoming United States Europe Kathleen Hays
"eric rosengren" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:43 min | 2 years ago

"eric rosengren" Discussed on Bloomberg Radio New York

"Thank you Bob president trump stepped up his assault on the federal reserve urging you to cut interest rates by a full percentage point to add global growth while complaining the dollar is so strong that it sadly hurting other parts of the world he said quote the fed rate over a fairly short period of time should be reduced by at least one hundred basis points with perhaps some quantitative easing as well well right now we're going to go to our Boston studios where Kathleen Hays is standing by with Boston fed president Eric Rosengren and we're gonna have a live interview with the Boston fed president to momentarily Kathleen Hays is going to be conducting that interview I'd like to welcome our Bloomberg television radio audience to our Boston bureau just steps away from the veterans are bank of Boston making it all the easier and quicker for Eric Rosengren present in Boston for the join me for an exclusive interview welcome to the show it's great to be here great to be an especially at such an important time we have gone through just a couple weeks of such market volatility is days before the big conference in Jackson Hole I would go back to last meeting July thirty first you dissented you've cited low unemployment and yours questions about financial stability some concerns your colleagues were looking at muted inflation and these global developments as they call them the could basically hurt the US economy explain your descent to us so you did a pretty good job of laying out the sun it was tied to the fact that economic conditions are.

Bob president trump assault Kathleen Hays Eric Rosengren Boston president Jackson Hole Bloomberg US
"eric rosengren" Discussed on WBZ NewsRadio 1030

WBZ NewsRadio 1030

01:30 min | 2 years ago

"eric rosengren" Discussed on WBZ NewsRadio 1030

"Chinese goods more than doubled trade talks have basically come to a standstill between the United States and China, but this week Wall Street more numbers on housing and experts do expect those numbers will look pretty good. We also get a look at what's going on in the mind of consumers consumer sentiment WBZ, financial editor. Dave Caruso, has his fingers crossed for that report that I think the Senate is still positive. We still got some problems going on in Washington. But the survey of consumer expectations consumer sentiment. I think we're gonna be okay on that. And again, we're going to be looking at the Dow. Futures. And Wall Street pretty much all day long today. It is a deep shade of red right now since China announced its retaliating against US tariffs. The Dow was plummeted a hundred more points. It is down. Dow futures down more than four hundred sixty points. One hour ahead of the opening bell. Boston fed president Eric Rosengren hits the ground running this week in just a little while he will be delivering opening opening remarks at a fed policy making conference this morning in Boston. It's part of the fed listens program. The conference set to provide the Boston fed with real time business and economic feedback Rosengren occupies a voting seat on the fed panel this year, this is an annual rotating. Did it get any gets to say on interest rates? The fed is expected to hold those rates steady this year. Again, a look at Dow futures ahead of the opening bell. We're down four hundred eighty points and coming up this morning thousand Macy's workers are about to make a move.

fed Eric Rosengren Boston China United States Dave Caruso Macy editor Senate Washington president One hour
"eric rosengren" Discussed on WAFS Biz 1190

WAFS Biz 1190

02:15 min | 2 years ago

"eric rosengren" Discussed on WAFS Biz 1190

"Fed's December meeting reveal policymakers took a more cautious approach to further rate increases. Then their statement indicated the minutes say, here's a direct quote, many participants expressed the view that especially in an environment of muted inflation pressures the committee could afford to be patient about further policy firming. Now, the meantime, you've got the Boston fed president Eric Rosengren telling Bloomberg he thinks the economy is looking healthy. But says he could be wrong and is listening to markets. My guess is that over time we're going to see that in two thousand nineteen the economy is going to be reasonably strong for the employment rate's gonna continue to drift down from three point nine percent. It is right now and the financial markets will recover, but I also realized that my forecasts can be quite wrong. And that the markets have such a different view at least until the last couple of days. It's been quite negative and quite volatile. So I have to take those Margaret. It considerations into account. Let's get some more perspective with Ryan the man, he's he's senior executive officer at ABS investment solutions, and he joins us from Dhabi. Ryan. I'm looking here are the charts tells a very potent story, our clients pull this up GTE, go story of analysts cutting their profit forecasts for companies globally by the most since two thousand nine that's according to CD group. Are we going to get the fed to listen, even more in the coming months, giving this harsh reality when it comes to what's happening in financial markets. Good morning. Use of great to be back. Again. Thank you for having me. Absolutely. I think the fed has gotten the message from the markets the markets, always rights and the markets have spoken, and the fed has realized that and we is reflected in the minutes. We've seen a more dovish statement. There's talk about this metric inflation of two percents, which makes sense. However, I think the fed is going to have some trouble with inflation because the whole impatient. Dynamics in the SS changed with online retailers. The price adjustment is extremely quick. This has changed over the past ten years. However, the positive either that is that the fed is taking pause potentially in March. So we do think in two thousand nineteen there will be two hikes at best..

fed Fed Eric Rosengren Ryan Bloomberg Boston GTE officer president ABS CD group senior executive nine percent ten years