23 Burst results for "James Bullard"

Trump's Trade War Inflicts Pain On Manufacturing States

Bloomberg Surveillance

02:32 min | 1 year ago

Trump's Trade War Inflicts Pain On Manufacturing States

"Right now Diane swore joins us grant for here in the American economy Diane I'm gonna go to your charm which is the middle west of this nation and right now that is in the heartland of a trade war give us the local update from Chicago what we would hear from Charles Evans what we would hear from James Bullard of Saint Louis and all their good economists what is the tone of a trade war so we'll media in our nation's middle west well we are seen the trade war is to is taking a toll on manufacturing activity there's no question about it and Jack General Motors strike added insult to injury to that trade war to manufacturers particularly in Michigan and Indiana so that really was sort of a very hard situation that said Kelly avances already come out and said listen we've made a half percent cut and I'm optimistic that you know that's enough for now and I want to wait and see said okay interesting this services ambiguity because they have put some stenosis system and what we're gonna see later today is some of that stimulus paying off in terms of strong home sales we have we think we've got enough home sales the curious out through the end of the year next year's another issue but this is the first positive quarter for the housing market in seven quarters just a quick program note I'm pleased to sail speak at length with Mister Evans of Chicago in the early November at the council on foreign relations really looking forward to a lengthy conversation on this moment Diane swanky say we've got existing home sales out there do we have fiscal space in America I'm looking to trillion dollar deficits this is in swanky economic say we have fiscal space well this is one of those hard issues we have fiscal space to make one term investments when interest rates are so low that pay off in terms of infrastructure investment we have less system maneuverability should we had a recession and what we really need is the automatic stabilizers to kick in much sooner and not wait for things to get so bad that we noticed them that Congress then has to enact things to extend things like unemployment insurance and out and in fact we have fewer automatic stabilizers says things that kick in when we do have a recession than we did during the last recession and I think that's really important to acknowledge one of the things people are talking about is using something we call the psalm role which one see an employment rate goes up by a certain percent we know we actually are in a recession and instead of waiting for it to be declared there actually be an automatic sort of movement to be able to get longer term unemployment insurance in this

Diane Chicago Charles Evans James Bullard Saint Louis Jack General Motors Michigan Indiana Kelly Avances America Congress Diane I Stenosis Diane Swanky Trillion Dollar Seven Quarters
Stocks slide after bond market warns again of recession

Bloomberg Best

00:44 sec | 1 year ago

Stocks slide after bond market warns again of recession

"Stocks remain stuck in the spin cycle Thursday as worries about a possible recession collided with hopes that the strongest part of the U. S. economy shoppers spending in stores and online can keep going the major stock indexes spend most of the day wavering between gains and losses the broader market turned higher late in the day with the S. and P. five hundred Dow Jones industrials closing up for the day Walmart was a standout gaining six percent after reporting earnings and sales above estimates July retail sales also beat estimates so there were some positive signs amid gloom over the trade conflict with China and growing talk of a possible recession federal reserve bank of St Louis president James Bullard doesn't see a need for central bankers to hold an emergency session to review policy despite fluctuations in financial

Walmart China President Trump James Bullard St Louis Six Percent
"james bullard" Discussed on Wall Street Breakfast

Wall Street Breakfast

02:26 min | 2 years ago

"james bullard" Discussed on Wall Street Breakfast

"Leading today's news stronger than expected earnings from Micron technologies helped boost investing sentiment overnight, while the chipmaker stuck to its forecast of a second half rebound in the memory, chip market and resumed shipments to alway setting chairs up ten percent, pre-market Qualcomm and impel have also started shipping. Some components to the blacklisted Chinese tech giant after his lawyers studied export restrictions even when businesses have headquarters in the US, they may be able through ownership, oversea subsidy Aries and operations to classify their technology is foreign, according to cross research analyst, Stephen FOX. Qualcomm is up one percent until is up. Two percent z. Links is up two point three percent and S T microelectronics is up four point two percent free market. In other news Dow futures are ahead by one hundred and twenty three points with stronger than expected earnings from Micron, pushing, NASDAQ futures up point eight percent, while positive trade comments from Treasury Secretary Steven Mnuchin, added to the gains it, followed a series of fed comments on Tuesday that trimmed hopes of a big July rate cut, and weighed down Wall Street. Benchmarks fed chair Jerome Powell said, the central Bank is quote insulated from short term political pressures while Saint Louis fed president James Bullard, the most dovish of the FOMC's voting members declared that a fifty basis point rate cut in July would likely be quote, overdone, even the underlying strength of the US economy. Quote, we were about ninety percent of the way there with a trade deal with China, and I think there's a path to complete this trade. Sorry secretary Steven Mnuchin told CNBC ahead of a big g twenty meeting between president Xi and President Trump. He's also hopeful agreement could be struck by the end of the year. But said quote there needs to be the right efforts in place. The outcome could be pivotal for financial markets that have been rattled by eighteen months of trade tensions between the world's two largest economies. Boris Johnson has toughened his Brexit rhetoric with a quote, do or die pledge to leave the European Union on October thirty one he said he would scrap Theresa May's withdrawal agreement and seek a new deal before, then as minor changes would not satisfy him. Not only has the EU said it will not reopen the withdrawal agreement, but the timetable would be extremely tight as parliament is in recess over the summer, sterling is down point two percent to a dollar twenty seven cents..

Qualcomm Boris Johnson President Trump US Micron technologies Steven Mnuchin European Union Stephen FOX research analyst Micron Dow S T microelectronics president Jerome Powell president Xi secretary Theresa May
Fed Chair Powell Weighs Whether Cut Will Be Needed as Risks Loom

Bloomberg Daybreak: Europe

00:58 sec | 2 years ago

Fed Chair Powell Weighs Whether Cut Will Be Needed as Risks Loom

"Fed jerome powell reiterated that the case for lower rates is growing but he wouldn't commit to when or by how much speaking to the council of foreign relations the fed chair and cited downside risks caused in part by trade concerns that may require a quote more accommodative policy cross-currents reemerged with apparent progress on trade turning to greater uncertainty and with incoming data raising renewed concerns about the strength of the global economy that was fed chair jay powell meanwhile louis chief james bullard thinks the move should be next month but he pushed back against a fifty basis point cut speaking to bloomberg t._v. and radio bullard said he favors a quarter point reduction as insurance given below target inflation and slowing growth today fifty basis points would be overdone i would i don't think the situation really calls for that but i would be willing to twenty-five sitting here today i hate to judge meetings things can change by the time you get that was louis fed president

Jerome Powell Jay Powell President Trump FED Louis Chief James Bullard Bloomberg
Saint Louis, President And Kathleen Hayes discussed on Bloomberg Best

Bloomberg Best

01:36 min | 2 years ago

Saint Louis, President And Kathleen Hayes discussed on Bloomberg Best

"Federal reserve bank of saint louis president james bullard says an insurance cut of twenty five basis points to interest rates would be enough to protect against a sharper than expected slowdown in economic growth bullard spoke exclusively to bloomberg's kathleen hayes and explained why he dissented from the fed's decision to keep interest rates level at the last meeting of the policy-setting federal open market committee for the first time was twenty thirteen descended on fed policy decision it was the first ascent in the era of fed chair jay powell i think a lot of people are wondering why now speech on june thirty said a rate cut might be warranted inflation expectations continue to fall if you know if it looked like the weakness could be even bigger from the trade center than thought but why did you say what you really have to draw a line in the sand and say we can't wait gotta cut twenty five basis points today well inflation's running below target which is surprising given that the economy has surprised the upside over the last two years really growth has been higher than most people had expected labor markets have been very strong unemployment at a fifty year low and still we're looking at inflation running below target by preferred measure inflation expectations deteriorating growth still okay looking backward but looking forward looks like a slowdown with some downside risk you've got an inverted yield curve seemed to me like this is a good chance to make us insurance rate cut and try to recenter inflation and inflation expectations back at the two percent

Saint Louis President Trump Kathleen Hayes FED Jay Powell James Bullard Bloomberg Two Percent Fifty Year Two Years
"james bullard" Discussed on WAFS Biz 1190

WAFS Biz 1190

06:24 min | 2 years ago

"james bullard" Discussed on WAFS Biz 1190

"For the cycle Stokes in the United States of America, concern, about potential anti-trust off to the US DJ and the FTC in America. Divvied up, basically, how that going to look into Facebook. Amazon, Apple Google center, not being a big drag in you. We'll say you yields being dragged lower this morning as we see, well, French yields down on this basis pointed, but one nine percent German yield still very much in negative territory. Minus two percent this morning and US yields actually gaining three basis points. So having seen treasury yields a fooling the faucets pace since the global financial crisis, where she slightly coming off those highs. So we saw also to yet, US yields job, significantly after comments foam, this Louis, fed president James bullets still a major drive will will rates look like by the end of the was. Guggenheim is Jesse. You could see restraining the curve, and he flags up the twos. Tens, we'll discuss. With our guest on that story. This Louis fed president James Bullard in central Bank may need to cut interest rates soon. Speaking of Monday, Bullard said, Don would policy rage adjustment would have recenter inflation, and conjured Don side economic risks from an escalating trade war. Actual inflation is below target inflation expectations are also below target if we eased now we could help recenter inflation, expectations at the two percent. Target should be a good thing for fed credibility and for the two percent the credibility of our two percent target. It could also provide some insurance in case, the downturn was. In global growth was more severe than we had previously expected. But it's the first time fed efficient has publicly suggests is the need for a rate cut says the center, bind put rates on hold in January. That's when the fed pledged to be patient. Wade headwinds from slower global growth and the full from trade war. On another trade topic. President Trump has hinted at a big trade deal with the UK pulling Britain to throw off the shackles of the EU and membership. These comments during his state visit to the UK another signal of his desire to get them with a bilateral trade deal. He's long been critical. Of course if the government's approach to break in the lead up to his trip. He suggested Nigel be put in charge of negotiations with the EU. Interesting COPA news technology. John's have been taking a battering. This is the top US, anti-trust officials contacted battle plan to take on some set of combined these bass, no names, not raises the prospect of Joan I fight with the government. We've learned that the Federal Trade Commission will take responsibility for antitrust probes off Facebook and Amazon. The Justice department is set to open an investigation into Google and an oil prices edging closer to a market collapse. This Wall Street banks amazing, the of recession in the US on Saudi Arabia tries to investors that will have a supply glut, Vitale expects the cartel and his allies to extend that production cuts into the second half. If they see because of the uncertain market outlet Limbaugh has been speaking to the chairman of the world's knowledge-based independent oil trade. Probably for real. Thing to do. The decision very late, which is understandable. So that was the Vissel chairman, Ian Taylor speaking exclusively to blame bug boulevard shell Caroline, says they are on track to meet the twenty twenty commitments, the owning gas, major says it sees potential to distribute one hundred and twenty five billion dollars to show between twenty twenty one and twenty twenty-five. Bloomberg's Matt minute Edward spoke to the CEO, Ben van button, and they began by asking whether he's concerned about the recent drop in crude prices. Living, very full of our industry is used to it at the price of the commodity that are exposed to if you look at. Confidence ESPN confidence. First of all, be believe, as you said yourself that the outlook for twenty twenty is pretty much need risked. So that's twenty eight to thirty three billion dollars a Ganic free cash flow for twenty five grow to thirty five billion dollars that said, an assumption some sixty dollars Brentwood, which I think, is a reasonable and a conservative or price assumption so strategy has been working. Well, we expect it to be working well going forward, but at the same time match bureau also repositioning the company for the future of energy, so yes, continuing to invest in upstream score to us. But also making sure that we have very well positioned for the energy transition. Mid market facing businesses, doing well more in them than in upstream. Then very good morning to you. I wanted to ask you about that investments in the future. He's going to be focused on cool. Upstream could you. Tell me. What does that mean does that mean? No deep water Arctic. Having crude. What was the definition that we need to be mindful of we talk about, upstream as actually a core themes, Goto? Shells, go to the success of shell and in recent months and years, it has been some debates on AVI. I'll be well positioned in upstream. And I think we have over the last few years, of course, significantly rejuvenated our portfolio, so yes, indeed. We have gone out of heavy oil. Be preceded Arctic ventures of a few years ago. We have three very strong themes, in upstream, which is the more conventional oil and gas business, which is a businessman very long running rooms very high quality portfolio. We have deep water, which we have completely revitalized reinvented into a much more capital efficient business, and then be shales position, which is also very much business industry, and these three businesses.

United States Facebook James Bullard Amazon Google EU chairman Federal Trade Commission America president UK Stokes FTC President Trump Arctic ventures Justice department Apple Bloomberg Guggenheim
China ready for further U.S. trade talks, ambassador says

Bloomberg Surveillance

00:53 sec | 2 years ago

China ready for further U.S. trade talks, ambassador says

"Front, the American Chamber of commerce in China says about a third of its members are considering delaying investments in the country as trade tensions intensify. Meantime, China's ambassador to the US telling Fox News today that the door is still open for trade talks with the US. We had Saint Louis fed president James Bullard on the show earlier today. And he said, there still could be progress on trade by baseline assumption continues to be that a trade deal will be struck. I think it would be good for both sides, the darkest hour, always occurs, right before the dawn, and I'm not surprised that there are fireworks, right at the point where you'd be trying to strike a deal, Bullard also said, the US China trade tension and the tariffs could hurt the US economy enough to justify a rate hike. But that would take six months at the higher tariff levels for that to

James Bullard United States China American Chamber Of Commerce Fox News Saint Louis President Trump Six Months
"james bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:47 min | 2 years ago

"james bullard" Discussed on Bloomberg Radio New York

"We love this segment on a Friday, Alex Harris bomb reporter at Bloomberg news inner Bloomberg interactive brokers studio, TIMMY, he economist at Bloomberg economics, and they've been just having a good old time here with my co host on this Friday, Vince, Cigna rela so all right off you go girl. All right. What's going on in the bottom because there was alleged speaker speaker? So I'm gonna kinda give the highlights here. And you know, I'm not so trying to make, you know, get steamed the Kamata Vincent's ears here. He's pretty just tell. So I've heard there is some crazy that they're from those trading days the limitations as long past good memories around. Absolutely. I think one of the first interesting pieces was Richard Clarita. Vice-chairman spoke in a keynote today and one of the things he said, he's Clara or Clarita, Clara Clarita. Well, they cleared any as we have a new name for him because he was talking about yield Kirk control as being part, you know, considered as part of the Fed's operating framework. So we have now given him the nickname Richard club Roda, like Mr. Kuroda Japan because you know, and what Vincent I were talking about earlier is oh my gosh. It hasn't worked for the Japanese. So why would you think it's going to work in the US maddening mccur flattened a little bit? But then the big centerpiece. I think of the day was James Bullard from out of Saint Louis. Patrick Harker Philly, and then governor Randy quarrels were how or on a panel talking about the balance sheet and governor corals was making some comments about looking at making the Fed's treasury portfolio moving to a shorter duration. So, you know, as some people have been talking about that would be reinvesting in the shorter end of the treasury curve. So we're talking T-Bills and shorter dated treasury notes that two years and three years steeton. Yeah. It's a reverse twist. They're going to have to take it out of the bellied occur and bringing it to the shore. Well, then they need the reverse twist because how are they going to be able to? I should've been doing it for a long time. China silly. So they need they want those securities and their quarrels made a comment, you know, if we need to go to an operation twist again, we want to have the resources to do. So and now you've seen the curve steepening out a little bit here. So that's what we're working with. And then you had some comments earlier this morning from Mary Daly out of San Francisco, and John Williams insisting that the Phillips curve isn't dad, which I felt like I was watching the Monty python dead parrot sketch. Yeah. I see I blame me he defrauded was it. The families blame wasn't the fed. He left the fed. Kind of lunatic. Did you do? I just like to say thank you for keeping the Jason Kelly viable live here. He likes to polka. Amir. I feel really wonder why.

Fed Kamata Vincent Richard Clarita Bloomberg Bloomberg interactive brokers Bloomberg economics US treasury Alex Harris Cigna governor Randy quarrels Clara Clarita TIMMY Patrick Harker Philly Vince reporter James Bullard John Williams Jason Kelly Mary Daly
"james bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

08:20 min | 2 years ago

"james bullard" Discussed on Bloomberg Radio New York

"By emphasizing trade. Tensions are already Dentin global growth and need to be resolved. People's Bank of China. Governor Ye gang called on world leaders for a constructive solution to the dispute we have to realize the significant negative impact on the trade tension. But he added that China is preparing for the worst bond. Traders will be doing a lot of listening this week. This says several fed speakers have appearances Randal Quarles the Fed's vice chairman of supervision may garner. The most attention when he speaks on the economic outlook on Thursday bond. Traders will look for any signs that officials are wavering from their plans to keep hiking interest rates gradually this after US stocks suffered their worst weekly sell off since March the ten year note was last quoted out a yield of three point one six percent. Global news twenty four hours a day on air and it ticked up on Twitter. Powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Susanna Palmer this. This is Bloomberg. Bloomberg best is about the insight and the context and get from our guests. It's a great way to catch up on some of the stories. You might have missed on the Bloomberg stories. You're not going to find any other news organization. Bloomberg best. Bloomberg's best stories of the week powered by twenty seven hundred journalists and analysts in more than one hundred twenty countries around the world, I'm June Grosso on this edition of Bloomberg best Rio Tinto CEO. John Sebastian jock discusses the impact of trade wars on his business. Gracia retread wars guys been no impact whatsoever. You know, business WTO director general Roberto as a veto discusses the impact of a U S, China trade war, a full-blown trade war in a situation like that seventeen and a half percent of trade will disappear that's a huge number plus James Bullard on US interest rates. I don't think recession probability models saying that there's any higher chance of recession right now. Then there is some kind of unconditionally or any enduring any normal time all this and more coming up in the next hour of Bloomberg best. Saint Louis fed president James Bullard says he's comfortable with the current levels of inflation and interest rates in the US today. He spoke with from Bloomberg the financial Sherry on capital and Heidi of the Stroud, world. watts Twenty four from hours Singapore. a day at Bloomberg I don't see dot very com much on the Bloomberg inflation business pressure app for the and US a tick economy. tock on Twitter. This is It's Bloomberg true that radio. the US has growing pretty rapidly right Missing now. journalists. But Hurricane michael. that's likely I'm Anne to Cates. slow down in two thousand Saudi nineteen. Arabia has pushed I back think against the threat bond of economic market overall sanctions knows over the that disappearance and of the journalist. has that in Correspondent mind Sarah Westwood given reports. that we're In now the stance seeing of the yield Trump administration surging. We'd the president be less so concerned far not about even the yield saying curve whether he inverting. believes that And Saudis what that would were mean. involved in the disappearance A lot about of Jamaica the curve. Shuki, but he I is do making think clear that that he wants to preserve a proposed a healthy arms sale ten to Saudi year to Arabia year worth billions of split dollars. would He's be seventy something is open like to seventy punishing basis Saudi points. Arabia We're nowhere severely. close to that. If it turns So out that they you were would actually indeed like behind to see a somewhat what is steeper suspected yield to curve be the murderer to be. of Kushtia cheat. More Healthy. than four hundred How thirty much of five the thousand yield customers is about from Florida the fed to leading Virginia remain billions without power of dollars days of his after bond hurricane portfolio Michael just struck run off. Republican Senator Yeah. Marco It's a great Rubio issue. tells NBC's I meet the I press don't that think the impact that that's of the a storm big on part the Florida of the story panhandle that's has been been going disastrous on in the background inland areas. the Some Fed's of these balance poor sheet rural has been counties tracking to it's the north of important there. These part of counties our policy. took But a devastating I think that's hit, a background and we are talking story. about poor I people think many older. that you also have Miles cue from each and other foreign isolated economies that hasn't in many cases let up from yet. roads, So the including you some still dirt got roads B cut off O J right now, ECB we haven't been able to and reach those others people a number of days, around the world. Florida. But Corrections officials have evacuated I don't think it's three a big thousand part of the inmates story now to prisons compared damaged to by what Michael it was three and or four three years other ago. facilities remained closed The last time we spoke, at its of course, peak. we Sears spoke about was the trade the war, Amazon and you'd said of something its to era the effect now that with a deadline hopefully looming. part Wall of this Street is just analysts a negotiating expect the retailer tactic. to file We for don't bankruptcy. see much of a circuit Correspondent breaker between Steve Kastenbaum. Beijing and Washington Sears this has point, to I'm make curious a one hundred as a thirty policymaker, four million dollar do you look debt at this payment tomorrow and have to think in at August. some point The company's you will need to earnings adjust report policy showed that it for had only for one hundred ninety inflation, three million dollars the inflationary on hand effective tariffs and two and hundred then potentially sixty nine longer million than available. From lenders stock stationary Sears effect. also Or do has you to think pay its the employees effect is gonna be vendors so gradual and that stock it's up not on going merchandise to be significant? the holiday shopping season, all of these I facts point agree to a potential that we're bankruptcy not saying very filing much progress in the very on near future. China The US Wall Street trade Journal relations is reporting right that Sears now. bankruptcy. But I Filing do think may that occur the this afternoon. I'm Ann announcement Cates. of NAFTA two point now is a very positive development because it shows that if you carry on some negotiations, you can modernize trade relationships and get the deal done, and and hopefully get trade off the front page and back to normal. I would see something like that being possible with China and the US, but right now both sides are digging in it appears. If the trade will continue actually, even if doesn't and the fed continues along its current trajectory what he was assigned to the chance of the US entering a recession over the next two years. I don't think recession probability models are saying that there's any higher chance of recession right now than there is kind of. Unconditionally or any enduring any normal time. But we are late in the cycle. I do think you have to be aware that recessions do occur. And and I think we have to be careful on that side and take that risk into account. But I just don't see anything on the horizon right now, obviously US economy is growing quite rapidly. Looks like we'll hit three percent for twenty eighteen. And then as a affects us some of the fiscal stimulus wear off and Connery naturally slows down in two thousand nine hundred and twenty twenty it'll be a slower growth economy, probably with less. Jobs growth as well. This trade war with China puts a lid on US economic growth is could this be a sort of blessing in the skies? If it allows the fed to do its job continue with plan gradually without having to worry about an overheating economy. Yeah. Well, I don't know if a trade wars ever, a good idea to the extent that is to negotiating. It's an ago, she situation that might come out to fruition in the end as the NAFTA thing did. I think there is some reason for hope, and hopefully we can get we can get these issues hammered out, and and get to a set of trade rules that makes sense for both China and the US and from there, then we can proceed so how much is the fed really factoring in the potential effects of tariffs, and that frayed war, and should the fed be factoring it and more. You know? If you do macroeconomic models on trade effects, you tend to get small effects at the macroeconomic level. That's because these tariffs are on particular goods in particular industries. And while the billions that are cited sound like big numbers. They're not big numbers compared to the trillions which is the size of the overall economy. So you tend to if you feed those effects directly through models, you tend to get small effects now if it was a blanket tariff on all goods coming in and into China are all goods coming into the US. And you did something about third country effects that could have a huge effect on the economy. And that is a concern. I don't think we're there yet. And again, I think there there's plenty of prospect for negotiation going forward that was Saint Louis fed president James Bullard speaking with Bloomberg Sherry on Heidi Stroud watts and coming up with the CEO of Rio Tinto says he's not worried about global trade wars. This is Bloomberg. Why do sarcoma odds are you've never heard that word before for the forty people diagnosed with sarcoma everyday, it is a life changing word because. Is cancer awareness, advocacy, and research, the sarcoma foundation of America is bringing hope to the families whose lives have been turned upside down by.

US Bloomberg China Fed president Bank of China Twitter James Bullard Randal Quarles Florida Saint Louis Rio Tinto Sears Heidi Stroud CEO Michael Arabia Ann announcement Cates. Bloomberg Sherry
"james bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:26 min | 2 years ago

"james bullard" Discussed on Bloomberg Radio New York

"Wealth management year-over-year for the full year. We're expecting earnings right in line with consensus at twenty percent, which are very good numbers. So on the back of both those positive bottom up mantles as well. As a good top down outlook. We are very constructive on earning season for the third quarter. The Dow the s&p NASDAQ hall higher SNP up thirty eight a gain of one point four percent. The Dow up two hundred eighty seven up one point one percent, NASDAQ up one hundred sixty seven two point three percent. Global news twenty four hours a day on air and talk on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Charlie Pellett. This is Bloomberg. This is Bloomberg best Bloomberg best is about the insight and the context and get the marquess. It's a great way to catch up on some of the stories. You might have missed on the Bloomberg stories, you're not going to find in any other news organization. Bloomberg best. Bloomberg's best stories of the week powered by twenty seven hundred journalists and analysts in more than one hundred twenty countries around the world, I'm June Grosso on this edition of Bloomberg best Rio Tinto CEO, John Sebastian Jacques discusses the impact of trade wars on his business immigration to trade wars has been no impact whatsoever. Business WTO director general Roberto as a Vado discusses the impact of a U S China trade war, a full-blown trade war in a situation like that seventeen and a half percent of trade with disappear that's a huge number plus James Bullard on US interest rates. I don't think recession probably models are saying that there's any higher. Chance of recession right now. Then there is some kind of unconditionally or any enduring any normal time all this and more coming up in the next hour of Bloomberg best. Saint Louis fed president James Bullard says he's comfortable with the current levels of inflation and interest rates in the US today. He spoke with Bloomberg Sherry on and Heidi Stroud, watts from Singapore. I don't see very much of inflation pressure for the US economy. It's true that the US has growing pretty rapidly right now. But that's likely to slow down and twenty nineteen. I think bond market overall knows that and has that in mind, even though we're now seeing yield surging Huey be less concerned about the yield curve inverting. And what that would mean a lot about the curve. I do think that. A healthy ten year to year split would be something like seventy basis points. We're nowhere close to that. So you would actually like to see a somewhat steeper yield curve to be. Healthy how much of the yield strategy is about the fed leading billions of dollars of his Boncore folio just run off. Yeah. It's a great issue. I I don't think that that's a big part of the story that's been going on in the background, the Fed's balance sheet has been franking. It's an important part of our policy. But I think that's a background story. I think that you also have Ian and foreign economies that hasn't let up yet. So the you still got B O J. And others around the world. But. I don't think it's a big part of the story now compared to what it was three or four years ago. We spoke. Of course, we spoke about the trade war. I need something to the effect that you know, hopefully, part of this is just a negotiating tactic. We don't see much of a circuit breaker between Beijing and Washington is point. I'm curious as a policymaker, do you look at this and have to think at some point you will need to adjust policy for for inflation, the inflationary effective tariffs, and then potentially longer time stock stationary effect. Or do you think the effect is gonna be so gradual that it's not going to be significant? I agree that we're not saying very much progress on China US trade relations right now. But I do think that the announcement of NAFTA two point now is a very positive development because it shows that if you carry on some negotiations, you can modernize trade relationships and get the deal done, and and hopefully get trade off the front page and back to normal..

Bloomberg US James Bullard Bloomberg Sherry Fed Twitter Charlie Pellett NAFTA WTO Huey June Grosso John Sebastian Jacques Beijing Singapore Heidi Stroud Vado
"james bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:02 min | 3 years ago

"james bullard" Discussed on Bloomberg Radio New York

"Has been cut to negative from stable yesterday remember i mean i was looking at it yesterday morning because anything below ten years is a pretty significant psychological share price but then fell to a record low i think it was at nine point zero eight when i look last it fell to a record after reports that us regulators added it to group of troubled lenders that they monitor of course the firm and the new chief executive you have to feel for him because he hasn't been in the job very long he said he's overhauling the operations and that there are no concerned about its financial stability but as soon as you have a chief executive coming out needing to say there's no concerned about the financial stability usually investors don't really take it in stride they they were even more than there's all that thing going on about the cartel they're not the only ones but i suspect that actually they're the ones that investor will mostly be worried about yeah you speaking there of the cartel this is a and z is facing legal action over in australia over a one point nine billion us dollars a share placement in august of two thousand fifteen prosecutors are accusing the league managers are being knowingly concerned in an alleged cartel conduct in the placement of approximately eighty million has deutsche bank was one of those lead managers and says it expects to face charges over this placement as well so a lot of different strands when it comes to the door to back story this morning now back to trade and we did have some reaction from the federal reserve ontrade speaking in an exclusive interview with bloomberg the saint louis fed president james bullard says the economic fallout for now is limited everyone's talking about how the trade talks might change world trade arrangements however i think the proof in the pudding it really comes down to what is actually agreed upon as far as trade arrangements and i'm not sure in the end that all that much is going to change that was the saint louis fed president james bullard speaking ahead of the us payrolls report which will come out a little bit later on this friday of course we're going to.

chief executive deutsche bank bloomberg saint louis james bullard us australia president ten years
"james bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:13 min | 3 years ago

"james bullard" Discussed on Bloomberg Radio New York

"Time is different i mean this this thing is sent a good signal ever since the nineteen fifties about what's going on in the in you know it's a good signal for the us economy ever since the nineteen fifty so i would be very hesitant on arguments that this time is different the other the other feature of this is the fed marches had an inverse the yield curve to me that's an unnecessary thing to do at this juncture we don't really have the kind of inflation problems we had in the seventies or eighties so you don't really need to press that hard in this situation as you might have in the past so let's move on to another one of your five cautions and it's actually never went on your list i don't know if he you rank them in order of importance came to your mind i but inflation expectations and you note that market based invasion expectations i was either a little because of fed rate hikes the fed is causing that and secondly that they are still below two percent why is this such a concern i think the i like the market based measures because they're giving you a daily signal about what markets are thinking they are cpi base so you have to just them to a pc basis so i think that's important if you do that they're still saying that the fed's not really gonna hit it someplace in target even over the next five years they're saying that inflation will actually being somewhat below target on a pc basis over the next five years so that doesn't sound like much of an inflation problem in the us to me at least in the eyes of the market and i think that's because the fed has already moved off zero the fed has already started to shrink the balance sheet and those preemptive actions have kept inflation expectations control so we're already in a situation where we've we've taken preemptive action to keep inflation near target and for that reason i don't think we need to do a lot more at this juncture that was saint louis federal reserve president james bullard speaking with bloomberg's kathleen hays coming up stripes cofounder discusses how the company is raising the gdp of the internet you can see.

fed us james bullard bloomberg saint louis president kathleen hays five years two percent
"james bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:45 min | 3 years ago

"james bullard" Discussed on Bloomberg Radio New York

"This is bloomberg best bloomberg best off the insight and the context get from our guests it's a great way to catch up on some of the stories you might have missed on the bloomberg stories you're not going to find in any other news organization bloomberg best bloomberg's best stories of the week powered by twenty seven hundred journalists and analysts in more than one hundred twenty countries around the world i'm ed baxter and i'm june grasso on visitation of bloomberg best uber tries to turn flying cars and do a reality no matter what you do on the ground you're always limited by the fact that it's a two dimensional road network and there's so much more that mobility bam with the sky saint louis fed president james bullard discusses chances of a recession in the us if the ochre dozen bird i would take that as a barrier sable yours economy because it means that the market has a different view the future what the fed have watch cleveland fed president loretta mestre discusses us monetary policy and her inflation outlook forecast is that we'll see inflation the at two percent on this same basis over the next one to two years all this and more coming up in the next hour of bloomberg best as the fed approaches it's june twelfth policy meeting investors are starting to price in four rate hikes for twenty eighteen for more on fed policy bloomberg's kathleen hayes spoke with saint louis federal reserve president james bullard what are you so concerned about what is the risk here in fed moves i think global interest rates are still low and i think we have to keep that in mind and people talking about this for quite a while but i don't think we can't lose sight of.

bloomberg ed baxter june grasso louis james bullard us fed cleveland loretta mestre saint louis president kathleen hayes two percent two years
"james bullard" Discussed on WAFS Biz 1190

WAFS Biz 1190

01:31 min | 3 years ago

"james bullard" Discussed on WAFS Biz 1190

"They are still below two percent why is this such a concern i think i like the market based measures because we're giving you a daily signal about what the markets are thinking they are cpi base so you have to adjust them to a pc basis so i think that's important if you do that there's still saying that the fed's not really gonna hit it some place in target even over the next five years they're saying that inflation will actually be somewhat below target on a pc basis over the next five years so that doesn't sound like much of an inflation problem in the us to me at least in the eyes of the market and i think that's because the fed has already moved off zero that fed has already started to shrink the balance sheet those preemptive actions have kept inflation expectations on the control so we're already in a situation where we've we've taken preemptive action to keep inflation near target and for that reason i don't think we need to do a lot more at this juncture saint louis federal reserve president james bullard speaking with bloomberg's kathleen hayes coming up turkish president recep tayyip air to on says if he wins next month's elections he will take more responsibility for monetary policy you can see all the bloomberg best stories at best go this is bloomberg motivation with amazon music is still embed didn't you running overslept i'll go tomorrow i've got in the shower alexa set an alarm.

fed us james bullard bloomberg saint louis president kathleen hayes amazon five years two percent
"james bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:30 min | 3 years ago

"james bullard" Discussed on Bloomberg Radio New York

"So much more that mobility bandwidth the sky saint louis fed president james bullard discusses chances of a recession in the us if the curb dozen bird i would take that as a barrier sago plenty us economy because it means that the market has a different view the future than what the fed have plus cleveland fed president loretta mestre discusses us monetary policy and her inflation outlook my own forecasts we'll see inflation the two percent on the same basis over the next one to two years more coming up next hour of bloomberg best as the fed approaches it's june twelfth policy meeting investors are starting to price in four rate hikes for twenty eighteen for more on fed policy bloomberg's kathleen hayes spoke with saint louis federal reserve president james bullard what are you so concerned about what is the risk here in fed moves i think global interest rates are still low and i think we have to keep that in mind and people are talking about this for quite a while but i don't think we can't lose sight of that is is the main idea what's driving it why is this happening well it's perfect goes up three times for the rest of this year that seventy five basis points so then you have to ask yourself is the ten year really going to go up that much over that kind of time frame if it doesn't we're going to have an inverted deal curve later this year or early in twenty nineteen so you know i do think it's crunch time for this i think those that are more sanguine on this issue feel like their tenure will rise in and we have seen a wheel going up but the question is how is that going to proceed over the remainder this here and into twenty nine hundred i don't think we're in any any danger right now the yield curve has a nice southward slope and that's fine it's not too far off the average slope over the last thirty years or something but but i'd be concerned that we not march into an inversion without our eyes being wide open but there are people on wall street right now saying that we're going to get to three and a half percent by the end of the.

louis james bullard us loretta mestre bloomberg fed saint louis president cleveland kathleen hayes thirty years two percent two years ten year
Rex Tillerson warns of "growing crisis of integrity and ethics"

ON with Mario Lopez

02:13 min | 3 years ago

Rex Tillerson warns of "growing crisis of integrity and ethics"

"Eight thirty am and byron ninety minutes away from the start of the country day the last day of the week it's a bright and jerry day today we'd rain yesterday was almost a red headline on bloomberg let's give you cook clash of the mortgage you could go bid twelve hundred ninety two by the way ubs say it is a painful moment for gold but you must keep the faith fourteen hundred bucks is their target in the next six months three to six months they expect the dollar to retreat from its highs wrote it over sap futures flat at the moment but there was a nice little bit of a turn of green on us stops at yesterday the question this morning is do you focus more on the geopolitics of the trump kim jong un possible possible meaning question marks ryan dot org focused on the data and the earnings on us markets that's the question i word headlines deborah mob is standing by deborah president trump says north korea hasn't directly raised concerns about his proposed summit with kim jong un and that's after pyongyang threatened through its state run news agency to pull out of the meeting anything we haven't heard anything we will see what happens korea says it feels the repugnance towards national security adviser john bolton and has rejected a socalled libya model in which it quickly surrenders its nuclear weapons former secretary of state rex tillerson has taken a veiled shot at president trump warning that a growing crisis of ethics and integrity has put american democracy at risk he criticized the salt on facts that he said would lead to a loss of freedom and added that only societies able to pursue the truth and challenge alternate realities could be truly free trump fired tillerson by tweet in mid march to conceal the truth or we as people become accepting of alternative realities that are no longer grounded in facts than we as american citizens are on a pathway to relinquishing our freedom saint louis bad president james bullard says policymakers have no business blogging strategy weeks or months in advance because they don't know how.

Deborah Mob Deborah President Trump North Korea Kim Jong Un Pyongyang John Bolton Saint Louis President Trump James Bullard Byron Bloomberg Kim Jong Libya Six Months Ninety Minutes
"james bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:50 min | 3 years ago

"james bullard" Discussed on Bloomberg Radio New York

"That was the former policy board member christine forbes now meanwhile of course we have been hearing from the lewis fed president james bullard as saying that policymakers have no business flagging strategy weeks or months in advance because they don't know how the situation could change and he's speaking exclusively to bring back you said the predicted three or four rate hikes this year could put downward pressure on inflation although he sees no danger of that at the moment however bullard once the fed to change course the whole idea that you're naming the number of rate hikes way out in the future when you don't know what the data's going to be is is something we should get out of the business of doing so that was the set lewis fed president james bullet speaking to bloomberg let's see what else is happening around the world and crossover vigorously good morning yussef the trump administration is turning up the heat in middle east imposing sweeping new sanctions on the leader of hezbollah the us says acting in concert with saudi arabia quitter bahrain and three other gulf nations accusing hasaan nez rule love to stabilizing the region be near death arab league has a mandate to prepare a plan to counter the latest decisions taken by the united states or any other country that plans to move its embassy to jerusalem meanwhile the arab league says members preparing a plan in response to the latest situation in the palestinian territories of israel if fled the us opened its new embassy in jerusalem former secretary of state rex tillerson has taken a veiled shot at president trump morning that a growing crisis of ethics and integrity is put american democracy at risk he criticizes salts on facts that he said would lead.

christine forbes lewis united states arab league president james bullard james bullet bloomberg hezbollah saudi arabia hasaan nez jerusalem israel
"james bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:18 min | 3 years ago

"james bullard" Discussed on Bloomberg Radio New York

"And version of the yield curve that is a signal that the fed has over tighten policy that they have pushed the cost of financing above the growth rate of the economy and therefore then things tend to fall apart we're not there yet but back to carol's and you say we're not there yet moley close to an over tightening the fed is you know this is still a very accommodative set of interest rates rates are very accommodative and so if we look at the real rates versus real growth there's still a substantial gap which means either the market is mischaracterizing the inflation outlook or maybe the fed is charging heart a little too aggressively forward and we have to see how that plays out with limited ammunition to fight a downturn the fed needs to be very careful about this the markets are expressing significant doubt on a sustained pickup in inflation pressures and that's why you see the long end of the curve so so so flat relative to short rates wait a second point teacher teacher you want to say i'm right back to your point with james bullard right talking about this inversion he's not calling for it he is one of the most devilish members at the fed and he's saying we shouldn't be continuing along this further gradual normalization of interest rates he's arguing for a much slower pace of rate hikes because no doubt about it that the fed is at a very interesting juncture right now because if they overdo it they could just be the thing that pushes the economy into recession right this is just when you were in the beginning of a tightening cycle this is the tricky time actually the marcus actually dow the two calls point the market actually doubt the fed ability to really tighten to the point where the first dot product says because tomino rates was implied in the market is two point seventy five basis point where the fair says by two thousand twenty hit three above the three percent of the market doesn't buy it so the markets price of fed doppler by three hikes so the maki's doubt the fed's ability to really tighten their heart can we talk about the dot plot cost that has been just wildly off of what subsequently happened for.

fed carol james bullard three percent
"james bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:50 min | 3 years ago

"james bullard" Discussed on Bloomberg Radio New York

"World on trade tensions between the two countries henry mcveigh is head of global macro and asset allocation at k k r i do think we've entered a new era between china and the us by i'm not expecting this to be what you saw over the past twenty four hours to be the game i think it's an opening of the negotiations policymakers are also weighing in james bullard is president of the saint louis fed president has a lot of conviction on this issue and is determined to get a better trade deals for the us so i think he's willing participant in trying to press much harder than what we're used to says the trade spat does present some downside risk but generally speaking it's too early to tell what the actual impact will be on the american economy and we're seeing the easing of trade tensions play out in europe this morning has stocks rally there let's get the very latest from bloomberg daybreak europe anchor caroline hepker who joins us live from london good morning caroline good morning bill and on european stocks are gaining for the first time this week following rallies in the us and asia germany's export heavy dax is the strongest performer this morning we also german factory orders rebounding in february on the us six hundred basic resources tech and banks leading the gains now the euro though has hit its weakest in a couple of weeks tops top performers fans ubisoft after the company said that its video game far cry five became the fastest selling title in the franchise's history britain's sophos group has seen shares so eighteen percent the it business says expect full year reported billings growth at the top of their guidance range but global health company bt is down sixteen percent the biggest loss european traders they whistling happy tune optimistic the trade troubles can be resolved by dialogue at least now in london i'm caroline hepker.

henry mcveigh china james bullard president louis europe caroline hepker us britain bt bloomberg london asia germany sophos twenty four hours eighteen percent sixteen percent
"james bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:17 min | 3 years ago

"james bullard" Discussed on Bloomberg Radio New York

"Is saying this is not a trade war the chief economist of morgan stanley is ellen zentner she says this is part of trump's playbook start with big threats then dial back still settlers zentner does admit there's a chance this approach could fail we seen these things can devolve in a way just snowballs right and so you still have to put a decent profitability on the good outcome not happening in this case is this just a part of the playbook or we're going to be making the wrong bet assuming that this is going to get worked out show let's step back ticket depressed because those proposed us tariffs won't go in effect for roughly sixty days all at the same time one fit officials also warning about the trade dispute adding an unwelcome layer of uncertainty livy bank v bank president james bullard says the economy economic outlook as bright but adds we're in for a bumpy ride the president has a lot of conviction on this issue and is determined to get a better trade deals for the us so i think he's willing participants in trying to press much harder than what we're used to blood say the trade sped does prevent present some downside risk but generally speaking it's too early tell what the actual impact will be on the american economy so given those china proposed tariffs i mean they target things like soybeans and other american commodities the attention is obviously to hit the us farm belt where it hurts tulsa where president trump enjoy political support in the two thousand sixteen election out china if you don't know ease the largest buyer of american grown soybeans bloomberg agriculture reporter alan bureau says these tariffs are just another blow to an industry already suffering the last time you saw this sort of a slowdown prompted it was a grain embargo against the soviet union back in one thousand nine hundred eighty that was catastrophic the finances there's a fear that you could have an echo of this with soybean tariffs now now three us soybean trade associations have already raised concern about possible collateral damage the american soybean association is saying a twenty five percent tariff will have devastating effect on every soybean farmer in the united states and the agricultural giant cargill is saying the.

chief economist morgan stanley trump president tulsa china alan bureau soviet union us american soybean association cargill james bullard reporter twenty five percent sixty days
"james bullard" Discussed on NPR News Now

NPR News Now

02:08 min | 3 years ago

"james bullard" Discussed on NPR News Now

"Russell lewis reporting from san juan speculation is running high that the federal reserve will raise interest rates again at its meeting coming up in december but steve bucknor reports saint louis fed president james bullard says there is no justification for the chatter as the economy rebounds from stormdamage the fed is widely expected to raise rates but bowler differs i don't think we're going to have enough information by the time we get to the december meeting either on gdp or on inflation to really be in a position to to know where the economy is within flation far below the feds two percent target boellard sees no rushed to raise rates so i think we should just accept that were in this low interest rates low inflation regime and then we should make optimal monetary policy within that framework for now others worn keeping rates low risks higher inflation and financial instability for npr news i'm steve bucknor in washington the publisher of hustler magazine larry flint is offering up to ten million dollars to anyone who produces information that leads to president trump's impeachment and removal from office he lays out the offering a fullpage ad in today's washington post this is npr a huge truck bomb has killed at least twenty people in the capital of somalia and pierre's eater peralta reports dozens of others were injured the volunteer group amine ambulance has been working all day shuttling the injured from the site of the blast to hospitals a video shared by the group shows what looks like an entire city block destroyed roofs caved in stores on fire people sifting through remains a popular hotel as well as the ministry of foreign affairs were close to the blast no one has claimed responsibility for the attack but the islamist group alshabab often targets mogadishu recently alshabab has stepped up its attacks at the same time the united states has increased its airstrikes against the group in apopka impair news never will be.

peralta hustler magazine npr president saint louis san juan Russell lewis united states alshabab mogadishu interest rates pierre somalia washington post trump larry flint publisher james bullard steve bucknor ten million dollars two percent
"james bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:51 min | 4 years ago

"james bullard" Discussed on Bloomberg Radio New York

"Data and then it's stronger by the idea of rate hikes of course we're always dependent i'm not too optimistic that we're going to have higher inflation measured is on a yearoveryear basis by the end of the year if you look at the sepa i think we're still predicting at one point six percent for core inflation by the end of the year and so would still be tour well below target too far from where we've been in the last couple of years so i think we've got a ways to go here on inflation laminant if places up corresponding much at this point and it's a good idea to normalize to move the funds rate up what's what's the harm is again until the economy into recession which should be doing is he'd be moving preemptively against future inflation by moving the policy right now we've already move the polls it three times why you need to do that in this environment low inflation in the us hugo inflation expectations measured by market below we'd like him to the you got other countries with low inflation rates in the in the developed world it just doesn't see like inflationary environment where there's going to get away from us and so i think he'll need to be preemptive in this situation that was the feds james bullard speaking to bloomberg news caffeine hayes let's bring back callum henderson in singapore to discuss all this kalemie scenes that at least when it comes to inflation expectations out there in the markets as seems to be rebounding a little bit the chart nine to seven five showing the us and break either razer pushing higher this month of course there's not surprising given the recent commodities rally that we've seen what some numbers you you expect out of the us this friday.

us inflation rates james bullard caffeine callum henderson singapore bloomberg six percent
"james bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:57 min | 4 years ago

"james bullard" Discussed on Bloomberg Radio New York

"And not a game changer as far as the jobs report is today you come back on a very quiet economic front you see canada and fact disclose soy like nothing i can talk to about that they're they're calls for civic holiday and what else do we got we got today we basically had just for some fedspeak and and we had to dubs one voting one nonvoter uh james bullard who interestingly is not a voter th this year but did say that he was looking for forward for the um um the fed's balance sheet reduction to begin in september that's the first time we had any wild me but we had williams say something in the fall but to san francisco fed the for someone to sit there and say and actually a month which you designate or associated with eight with with with a fed meeting that's the first time i think we've we've we've heard that so that's that's interesting and then neil catch caray who has been saying all along list we should not be raising rates until we have a definitive sign of inflation at that is gravitating toward its two percent target and and his his words said that's the theory that people had believed that is unemployment rate sank that we would it would engender some price inflation or wage inflation and that rule that that notion has been incorrect for the last five or six year so again the nothing new staff clock right twice a day but he hasn't had as wants a day as his waiting for his he ever richer me i'm looking at these kashkari headlines saying i hadn't saying that it matters inflation has been coming up short now you mentioned boellard saying low inflation means we should hold rates are is this normal for them or is this media change of tune of the fed knock you saying this is transitory this are are missing our target or or is there more.

james bullard fed williams san francisco caray unemployment rate wage inflation canada two percent six year