7 Burst results for "Felice Marantz"

"felice marantz" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:03 min | 7 months ago

"felice marantz" Discussed on Bloomberg Radio New York

"With my co host remain Bostick yeah there's only two trading days left in the year and it's been quite a year I mean we're still up about twenty nine percent on the S. and P. five hundred today a little bit subdued I mean we're pretty pretty much flat on the day for the S. and P. five hundred we did have some records we did some records again I mean anything at this stage is a record even if it's less than a percentage points off the Dow up about two tenths of a percent the nasdaq composite all down on the day but still holding that nine thousand level that everyone everyone Michael's big round number who doesn't ours over to talk about the market moves we're also going to talk about a tale of two companies because milestones for tests they were going to get into that has to do with what they're doing over in China and then we got to talk about gene Munster his call of loop ventures a year ago he was here in our studio talking about apples going to be the out performer among the fangs stocks and that's exactly what happened and he's got a call for twenty twenty so I'm looking forward to talking about that let's set the business agenda all right why not was joining us right now in the studio Bloomberg news managing editor of the U. S. economics Becky Collins join us and Bloomberg news equity market reporter Felice Marantz alright let's start with you I mean obviously the economy was the talk of twenty nineteen we started out the year a lot of pessimism a lot of folks really thought we were headed for recession at one point and now it kind of seems things are looking up that's right a lot of clouds have cleared one of the big ones is the US China trade tension that really clouded a lot of what we did and talked about in twenty nineteen we also the version of the yield curve in over the summer but it happened yes and not moved a lot of people because that can often be an indicator that a recession is coming within the next eighteen months so will will copy at that in terms of saying that the U. S. trying to trade deal that we got in December and is still waiting signage in January it's just a phase to want a partial deal but it has taken some of the stress out of of what the markets were looking for why aren't you concerned about the yield curve anymore because when the you referred everyone said all don't worry about it it's not the inversion that matters is that when it starts deep meaning again that you should be worried it's starting to seep in now but everyone seen this more as a positive sign rather than a harbinger of doom I think because the job market is so strongly right now it's really continuing to fuel consumer spending and that's been the strongest pillar of the U. S. economy were in the eleventh year of a record expansion in America and that's one of the things that really seems to be driving this alright let's talk about within driving on the market several if I look at this year information technology communications services financials your third best performing group in the S. and P. five hundred with money in on this I mean you watch the banks you watch the financial sector they finally finally had a pretty good year definitely you saw some analysts turning surprisingly optimistic towards the end of the year and is Peggy mentioned those recession fears they faded great holiday spending expectations for the economy are up and also don't forget that banks were among the most hated sectors so anyone looking to catch up a little bit probably went a little bit more into the banks than they had been sold a year year and a half ago the concern was or the actually upside for the banks was that we were seen yields rise up the rates rise here in the U. S. obviously the fed reversed course release change its trajectory of rate than we've seen those rates come down a pretty hard obviously we had that one four five mark over the summer returned back in September I believe it was why is it that the banks continue to rally even though we're seeing yields as the press as they are I think a lot of those concerns were already baked in also again those recession fears easing and the consumer being a real bright spot the banks are all exposed to consumer lending to credit cards and they really were really expecting a great year well that goes back to the economy right you know how many times you know pay you have we talked about the importance of the consumer to this economy as long as they feel confident about jobs they keep on pending that's right as for me said we were watching for in the bank's earnings whether or not the reduction in rates the fed cut rates three times this year and essentially that hurts your net interest income for banks but at the same time the fed cutting rates actually is helped housing a lot so we've seen a little bit of a resurgence in refinancing and where we saw housing kind of stole when the fed was raising rates at the end of twenty eighteen that's research that as police actually had a great story out today related to that yes very interesting home building stocks outperformed this past year up fifty percent in twenty nineteen and JP Morgan today is saying upside might be limited next year DTS and this year yeah the S. and P. five hundred home builders index outpacing the S. and P. by a lot so I mean this is Michael Moore who wrote that note right and I mean he did seem to say that there were some sort of catalyst driven ideas within I guess more building products not necessarily the home builders themselves well home builders are a bit unusual in that they're kind of a luxury product you're talking about a new home in the still a lot of demand you have the millennial starting to buy homes so you know for from you get a mortgage right now for under five percent well those low rates are great for people who want to buy homes okay yeah exactly and I think if there is any worry that you know if this is the bottom in terms of rates people concerned about rates going up that they're gonna finally maybe get off the fence and buy a house he went to go when asking you guys are a you know in the DC bureau waters of the conversation you're having because we were whipsawed this year with August okay recession everything was coming undone and then here we are in the markets continuing to hit records nobody's really talking recession I'm just curious about some the conversation you guys have been having and about looking ahead to twenty twenty well is really interesting to be in the DC newsroom when the jobs report came out in November and it was two hundred sixty six thousand there were some the eco team like whoa you know even even we were surprised by how strong it was but the question for twenty twenty will be how much how when will it start to slow down a bit even if it doesn't recede your employers are having a heart really hard time finding good talent we seen a lot of people come off the sidelines but how much longer can we really see some of those big giant numbers come out in terms of jobs I was thinking that you just pick up the bank workers that are all being out they're firing and letting go I think it's important to keep in mind that investors are going to have their eyes on the election this year too and investors do expect that president Donald Trump will again when and that it'll do what it takes to boost the economy which can be good for your trading yeah that's a very clear like we have to think about everything we discuss whatever industry or whatever economic subject we've got to do with the backdrop of the economy and certainly of the elections I will leave it there Bloomberg news equity market report of police Morris thank you so much of course Bloomberg news managing editor of US Connie Peggy Collins typically in DC but joining us in our New York studio we got markets right now off their highs of the session you listen to Bloomberg markets and this is Billy Burke Russian officials reported a new intercontinental weapons that can fly twenty seven times the speed of sound became operational today president Vladimir Putin has described the album guard hypersonic glide vehicle as a technological breakthrough comparable to the nineteen fifty seven Soviets launch of the first satellite about a dozen people were hurt in an explosion at a Beechcraft aircraft manufacturing facility in Wichita Kansas today that because part of the building to collapse deputy fire chief Daniel Wagner says local residents don't need to worry about any health effects we did have a from gas rupture this morning here at the plant bat league has been contained we do have a secondary vessel that has a rupture in its it is venting off right now it is nitrogen gas there is no health hazard but if people in the area are concerned about that venting they can shelter in their homes and stuff and they'll be.

Bostick
"felice marantz" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:57 min | 1 year ago

"felice marantz" Discussed on Bloomberg Radio New York

"Bloomberg radio Bloomberg the world is listening markets headline and breaking news twenty four hours a day business Bloomberg business slash Nathan Hager futures are deepening losses this morning let's head right over to the first word breaking news desk for today's morning call with Felice Marantz police good morning good morning eight then futures are indeed under pressure as unrest in Hong Kong is weighing on investor sentiment the Dow Jones is down about two hundred points S. and P. down twenty three and nasdaq off by sixty five the U. S. ten year yield is down about six basis points at one point six nine percent European markets are down to lead by the foot see in Spanish stocks back in the U. S. on the economic front at eleven AM the New York fed releases second quarter household debt and credit report and the monthly budget statement comes at two PM over the weekend what ways founder city once invincible Iron army to fight the US and Goldman Sachs raised concerns of a US recession as the trade war with China intensifies boosting the impact on economic growth in other news Argentina's international bonds fell after a populist opposition candidate routed president Max regarding your earnings sparkled is due this morning and ten cent music history this afternoon in deal news CBS and Viacom were set to work through the night to hammer out a deal and wrapping things up news Corp was upgraded to out perform at Credit Suisse and roku spray price target was raised to a street high of a hundred and fifty dollars ed Needham live from the Bloomberg breaking news desk I'm fully severance nation all right police thanks here live breaking news over your Bloomberg type squawk on your terminal S. Q. U. A. W. K. that's a Bloomberg business financial here's.

Bloomberg ed Needham roku news Corp president Max founder New York Felice Marantz Nathan Hager U. A. W. K. Hong Kong Credit Suisse Viacom CBS Argentina China Goldman Sachs US Iron army
"felice marantz" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:35 min | 1 year ago

"felice marantz" Discussed on Bloomberg Radio New York

"Market value adds up Thursday was just eighty million dollars. In cynics, ticker SNL, X has gained about thirteen and a half percent that technology distributors fiscal fourth quarter results and first quarter. Forecasts beat analysts average estimates. So Bloomberg survey table, some liberal sex editor columnist and blogger mlive go on the Bloomberg. Thank you so much for being with us. A big focus is on the banks. Their shares have been really beaten up questions are swirling about just how negative of their earnings reports will actually be next week, and whether it will justify some of the pessimism minute stocks. Joining us now is Felice Marantz. She is equity market reporter for Bloomberg news. Thank you so much for being here. And I am curious because Jeffries reported a trading decline of eleven percent in particularly focused on its fixed income unit. Does this foretell of a more negative feeling among all of the bigger banks has in the past rose Jeffries? Kind of its own animal at this point. I think that in this case Jefferies, which used to be a great bellwether and used to come out ahead of the other banks is not telling us anything. We don't already know. A lot of the big banks said that trading would be not great banks have suffered a lot in the past in the fourth quarter. Their shares are down particularly in December after executives made some pretty negative comments about trading, and what we see with Jeffries is that they're pretty much in line with what the other executives have said. So should we take away that follow Tilleke, no longer means increased profits for Wall Street trading firms? I think the takeaway is that it's hard to tell what shares are going to do. And on the one hand some people are saying, hey, the banks have had such a lousy year, and they're down so much that things are gonna go up from here is the results role in on the other hand, maybe things are terrible. And they're just going to get worse. What I find interesting is. Sort of adds to the ongoing discussion and debate. Frankly at a lot of banks how much to move away from trading as a source of revenues versus just the bread and butter lending. And I wonder you know, is there any discussion on a broader sense are banks that focus more on lending and less on trading. Benefitting more in this day and age when we're not necessarily facing a recession the next three months. You know, that's a great question both for Goldman which has gone from being called, you know, a vampire squid to kind of your friendly Bank with consumer lending, Marcus. And the new CEO is the DJ CEO. Are they going to be able to transition to that friendly consumer lender? And then it's also a question for Bank of America. They've been saying for a long time, the US consumers healthy, our the people who take loans from us are in great shape. Let's see what they have to say next week. Do you believe that they have one eye on the online? Non Bank financial system that has been growing whether it is for investments or indeed just for playing banking. Absolutely. You can't do anything. Now without forget one. I you need to is on online. You mentioned Marcus, which is the online consumer oriented lending platform for Goldman Sachs. I think that the big banks are very aware of fintech online. In fact, I would call P Morgan the biggest fintech company in the world. So they've been looking at how to incorporate new technology for a long time and really working on it and investing in it. So just going forward, you know, we were talking about the consumer and that you're watching Bank of America talking about the consumer is strong, and we're talking about the Marcus portfolio. But Goldman Sachs has actually come out recently and said that they're cutting back and some of the risks that they're taking in their consumer lending unit that basically they're being a little bit more conservative. What are we expecting in terms of? Loan write offs in terms of credit worthiness. Next week with the Bank earnings reports. I think that's a great question. And we can look back at Macy's. That was a real surprise. Yeah. Questions about that. Is that specific to Macy's? Is that telling us that this great holiday season, we all anticipated didn't in fact happen. There's going to be more attention on the banks to try and resolve that broader economic issue and earlier in the program. Lisa was mentioning the layoffs that we've seen from asset managers will that bleed believe over into the banking industry because that is also part of their business. I do think that that's always worth watching. However as a percentage of workforce, it didn't seem that large to me. And there are of course, often staff changes at the end of the year. So I wouldn't want to weigh in one way or the other about that. And we have seen some of those trimming of the staff kind of announcements from big banks. It hasn't been as sort of wholesale is as in some sort of other asset magic pen, right? What we saw with State Street. And also with the announcement from BlackRock, they they'll be cutting some staff, thank you very much for being with us. Always a pleasure. Police Marantz of Bloomberg news equity market reporter knows everything about what happens in the world of banking inequities much. Appreciate the big question. Heading into earnings for me is just you know, has there been too much pessimism baked into the market because they're already has been a lot of negative. Negatively, I expressed in the share prices. Now, let's see what the actual actual numbers have to say well done. Now, it's time to go to our ninety nine one newsroom in Washington DC. Nathan.

Bloomberg Jeffries Goldman Sachs Bank of America Marcus reporter Felice Marantz SNL CEO US Macy Marantz Goldman Washington DC Tilleke Jefferies editor BlackRock
"felice marantz" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:12 min | 2 years ago

"felice marantz" Discussed on Bloomberg Radio New York

"And I'm Karen Moskow, futures, this, morning moving, lower that's good at the first word breaking news desk, for today's morning call here's Felice. Marantz Felice good morning US futures are indeed dropping. With Dow futures down about forty, points SNP off about four points and. NASDAQ down about seven US tenure This down about one basis point at two, point eight four four percent stocks in Asia, fell overnight while European markets are also sliding back in the US on the economic front August Chicago purchasing manager index. At nine forty. Five AM August final university of. Michigan sentiment at ten coke agreed to buy UK coffee, chain Kosta for five point one billion dollars its biggest acquisition in eight years President Trump is stepping up his tough talk on. Trade including threatening to pull the US out of the WTO wrapping things up dollar tree was downgraded to neutral at j.. P. Morgan Goldman Sachs. Says to by US real estate brokers as the selloff is overdone live from the first word breaking news desk I'm Felice Marantz Karen Thank you and to, hear live breaking news over your Bloomberg type squawk on your terminal s. q. u. a. w. k. and you. Did mention Coca Cola up one point one percent in early. Trading and a quick correction on our volatility report earlier, this morning the vix closed at. Thirteen point five three yesterday and separately. In today's extended morning trading vix is currently at, thirteen, point, three four that's Bloomberg business flash now. Here's Michael Barr with more on what's going on around the world Michael Karen, the late Senator John McCain is receiving a, rare honour at the US capitol today McCain will join eleven other presidents Rosa Parks General Douglas MacArthur and about thirty. Others celebrated Americans. Receiving the honor to lying in. State in the US capital a deadly collision between the, greyhound bus and a semi truck into Mexico has left seven people dead in baseball the Yankees lost along with the as the. Red Sox won NFL preseason is done in the final game last night the giants lost at the patriots the jets lost. Along with the four Forty Niners the Redskins were down by the ravens the raiders were winners in tennis at the US open Roger Federer, and Novak Djokovic events for the women Maria Sharapova advanced but the number. Two seed Caroline, Wozniacki lost the Williams sisters Serena envious, play tonight finally from daybreak on the Bloomberg. Terminal the company that owns the rights to, the. Doomed luxury line of. The Titanic is in financial trouble premier exhibitions may have to altered off. Its, trove, of fifty five, hundred artifacts from the ship at least three groups are vying for. The sunken goods including British museums backed by, movie director James Cameron Bobby also. Wanted to ensure no more objects are raised from the nineteen twelve wreck on, for you you stop me at the company that owns the rights to the Titanic I mean I'm sure that. Has something to do with maritime law and everything but it. Just doesn't sound right to me I don't know why, no it's it used to be. White stir years ago but see what What happened with that. Global news twenty four hours a day on. Aaron a tick tock on Twitter powered by more than, twenty seven hundred journalists. And analysts in more than. One hundred twenty, countries I'm Michael Barr this, is Bloomberg Bob Michael thank you it is. Now six. Fifty, on Wall Street's were bringing you, highlights all morning from our exclusive Oval Office interview. With President Trump he was a wide ranging conversation. Covering trade concerns with the EU China his criticism of interest rate hikes from the fed and. Legal turmoil engulfing his presidency some of those legal woes, involve the chief, financial officer of the. Trump organization. Ellen Weisselberg cooperating with prosecutors in their investigation into Michael Cohen still Mr. Trump tells us he doesn't. Think Berg betrayed him didn't cook a hundred percent he's he's a wonderful. Guy it, was a very limited little period of time those were the first, public remarks from Trump about Wiesel Berg since. News broke that he. Received, immunity as part of the federal investigation into the, finances of Michael Cohen at the same time President Trump. Also addressed his standing tensions with.

US President Trump Bloomberg Michael Barr Marantz Karen Moskow Wiesel Berg Felice Marantz Michael Cohen P. Morgan Goldman Sachs Bloomberg Bob Michael Senator John McCain Michigan WTO Michael Karen Asia purchasing manager Douglas MacArthur
"felice marantz" Discussed on KBNP AM 1410

KBNP AM 1410

02:00 min | 2 years ago

"felice marantz" Discussed on KBNP AM 1410

"Morality than than people expect well you did have morgan stanley pointing out that core commercial lending standards loosened in the first quarter for the first time since the third quarter of twenty fifteen but at the same time demand continued to decline richard hill over at morgan stanley called that a peculiar relationship since demand usually increases when you have let loosening standards is this the do when you talk about commercial real estate is this all about new bill doors this because you're seeing a shift in what it is that the business businesses one at a real estate that's a great question and it really is very very broad i think unlike the housing market which is also complicated for reasons of its own the commercial real estate market covers everything from apartments to warehouses you know if you look at the bloomberg greed index you can see that that's down about five percent year to date and that's probably correlated with rising interest rates however you can see that warehouses which are known as industrials in read parlance are actually rising so you do have a big variety there construction loans it's a very kind of complicated in varied sector thank you very much for coming in and sharing this information with us felice marantz of bloomberg news talking about commercial real estate and i guess it's also worth noting that commercial real estate just like residential real estate is a geographical indicator i mean some areas of the country producing a more growth than others and just to note i believe they just approved a one point three billion dollar tower project in boston and this is also coming at a time i believe in the salesforce dot com salesforce tower just opened in san francisco the largest office bill golf love largest building west of the mississippi yeah a lot going on in that market i do want to just quickly get you caught up on.

morgan stanley boston san francisco mississippi bloomberg three billion dollar five percent
"felice marantz" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:16 min | 2 years ago

"felice marantz" Discussed on Bloomberg Radio New York

"Flash he's now six forty seven on wall street good morning i'm john tucker abbas go over to the first word breaking news desk this morning for today's morning call with felice morass good morning police kidding morning john us futures are higher after china's president xi east concerns about a trade war during a major address last night dow futures are up about two hundred seventy points less than p futures up twenty nine and nasdaq futures are up about one hundred points the ten year yield is up about two basis points at two point seven nine five percent asian stocks closed higher overnight while european stocks are gaining across the board led by germany back in the us on the economic front at six am nf i be small business optimism at eight thirty ppi and at ten am wholesale trade in some of today's top news all eyes are on facebook's mark zuckerberg who's doing congress later today and russia cancelled a planned ruble bond auction for tomorrow and after the bell last night verifone is being taken private by francisco partners in a deal worth about three point four billion dollars regarding analyst actions td ameritrade cme etrade an ice all rated new outperform at bernstein monsanto was downgraded to market performance piano morgan stanley says to invidia despite crypto related weakness and mortgage insurers 'em gic radian were cut to sector perform at our bc live from the first word breaking news desk i'm felice marantz john felice again the risk on cross the markets today with the futures up twenty eight points a rise of about one percents and german dax of one percent the footsie london panther percent the cac in paris is up seven tenths of a percent and to hear live breaking news over your bloomberg type squawk on your terminal it is now six forty nine wall street we check the markets every fifteen eighteen minutes throughout the trading day right here bloomberg and now with more on what's going on around the world we get to bloomberg's michael barr thank you john aids and outside allies described president trump has increasingly frustrated after learning that federal authorities had raided the offices of.

bc felice marantz analyst francisco germany president trump michael barr bloomberg paris john tucker abbas morgan stanley bernstein monsanto etrade verifone russia congress mark zuckerberg
"felice marantz" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:13 min | 2 years ago

"felice marantz" Discussed on Bloomberg Radio New York

"Three percent now located of course the holding company for jeffries and a report from our own law keller and felice marantz that the wall street equities desks hopeful that a february spike in volatility would bring some action while it did the opposite apparently jefferies group said its equity trading revenue fell slightly in its first fiscal quarter because of quieter volume in the first half of february they said activity has picked up since then and the fixed income revenue was consistent across the quarter having said that investors not taking any comfort from that news and the shares of the katya national the holding company for jefferies down about three percent honestly that's pretty shocking to me considering the sell off that was on february and we've been hearing bank saying that they need more volatility need more volatility to make money but i guess not the case that's why did did that for you because you're the expert when it comes to all cross ideas got anything else or are you going to leave it there i can give you one more twitter so twitter fellows much taller and a half percent today and basically israel's justice minister warned tuesday that the governor is considering taking legal action against twitter for repeated quest to move online content now is inciting or supportive of terrorism so there's one area of problems arising in the social media world and of course i know you're going to get into talking about facebook later on indeed thanks very much syrup pontiac always a pleasure bloomberg's cross asset reporter and really knows everything about stocks vicks let's tell you about the volatility index and the vicks was lowered today it was down two point six five settling at eighteen point thirty seven that is a drop of nearly three percent this is bloomberg markets hi my name is dave just doing day looking for a price dr hey mr wilson bloomberg stocks columnist or tell us about your stock of the day gp i gp not a okay now looking that.

jeffries jefferies twitter justice minister facebook bloomberg reporter keller jefferies group israel pontiac dave mr wilson three percent Three percent