24 Burst results for "Jay Pals"

"jay pals" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:07 min | 2 weeks ago

"jay pals" Discussed on Bloomberg Radio New York

"In Sydney I'm Paul Allen And I'm Brian Curtis We're looking at gains here pretty much across the region with hanging index opening four tenths of a percent higher very modest gains in China with the main index there the CSI 300 up about two tenths of a percent We're seeing some solid gains elsewhere Doug Krista will bring you up to date and all the latest on that in a few moments Paul the head of the Minneapolis fed Neil cash carrier says the fed shouldn't overreact to elevated inflation He said higher prices are likely to prove temporary Here is cash carry on CBS face the nation I think both of these things the demand side and the supply side are going to take some time to work out But it's important from the fed's perspective that we don't set long-term monetary policy and adjust too much based on temporary factors even if those temporary factors take a little bit longer than we expect That is Minneapolis Faye president Neil kashgar He was hit here on Bloomberg And kashkari was asked about President Biden's pending decision on whether to reappoint fed chair Jay pal to another term kashkari said both pal and fed governor brainard are capable and would likely pursue similar monetary policies Boeing is optimistic It will soon be logging Chinese orders and deliveries on its 7 37 max Let's get the story from Bloomberg susannah Palmer The civil aviation administration of China the country's regulator signaled it is close to ending a more than two and a half year grounding of the 7 37 max The regulator posted a request last week for comment about the proposed changes and fixes to the jet in order for it to return China was the first nation to ground the max acting within hours of a second fatal crash in Ethiopia in March of 2019 and hasn't allowed it to fly since That halted deliveries to Boeing's largest overseas market Susanna Palmer Bloomberg daybreak Asia Soon China has raised about $953 million as it sold 335 million shares at a price of $15 Hong Kong 18 cents each raising about 653 million Another 300 million came.

kashkari Brian Curtis Doug Krista Neil cash Paul Allen Minneapolis Faye president Neil kashgar fed President Biden Jay pal China governor brainard CSI max Let Sydney Bloomberg susannah Palmer CBS Paul Boeing Susanna Palmer Bloomberg
"jay pals" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:33 min | Last month

"jay pals" Discussed on Bloomberg Radio New York

"Fauci on where we are in the process of getting a vaccine approved for children and I ask for his views on booster mixing and matching But first fed chair Jay Powell has the support that could win him a second term to lead the Central Bank More than half of the Republicans on the Senate banking committee are backing him But his most visible opponent is democratic senator Elizabeth Warren I caught up with senator Warren this weekend in Washington to find out why she is opposed to Jay Powell's renomination My view is he ends his term We put somebody else in place And I think the fed is going to be better off and I think our economy is going to be safer Okay somebody else in place Let's talk about who that somebody else might be Are you talking with a White House or all giving them any suggestions I mean you've told me that you think leel brainard for example you've read some of her writings You've been impressed by her I'm not going to talk about private conversations My view on this is right now the question is Powell denominate or not renominate and I am in let's not do this Are there other democratic senators who are with you in that position We heard you at the hearings I didn't hear shared Brown take a position exactly Some Republicans have come out and said they support Jay pal Are you hearing from some of your colleagues at least be open to resisting Jacob You know I never want to represent anybody else's point of view But I am not the only person who has been concerned about his approach to regulation You know and I just want to put this a little bit of context The way I think about this I think back to 2007 2008.

Jay Powell Senate banking committee senator Warren Fauci leel brainard Elizabeth Warren fed Washington Jay pal White House Powell Brown Jacob
"jay pals" Discussed on Squawk Pod

Squawk Pod

08:03 min | 2 months ago

"jay pals" Discussed on Squawk Pod

"Of time to prevent a shutdown and default. Winter won't come too soon. History senate republicans blocking a bill that would fund the government suspend the us debt ceiling that move leading democrats scrambling up to avoid a possible economic calamity. Lawmakers need to provide approve. Rather i should say government funding before friday to avoid that shutdown. The us risk to fall if congress doesn't raise the debt ceiling by point. That is likely to come in october. That according to the treasury department what do you think think. Republicans are perfectly willing to fund the government. It's not tied to the deaths which the democrats are perfectly able to raise on their own. Did you see the vote on that. It was forty eight to fifty so they chuck schumer actually voted no prefer procedural things so he could go back and do something they decided on. It's called three or four naked. They can mcconnell's as it. You need to raise the debt ceiling that you're doing all this stuff on a partisan basis the three and a half trillion the covert one point nine trillion. All this other stuff so raise the debt limit on a partisan basis and. They can do it when i asked that question to chris. Howland democrat. yeah. Why did he push back. This can't happen through reconciliation. You can't put it through reconciliation right right now now. The budget resolution doesn't provide for that and it still begs the question. Why would mitch mcconnell block a vote on the debt ceiling through the regular process. They don't want to do it. They have to tie it to the three and a half trillion dollar bill. If they want do push this through the through to that and they don't have their own party in line on the democrats raise the debt limit. I for trump to do stuff. Yeah so now. They're saying we did for you. You need to do it for us right okay. That's not the way they don't need to because they. Because i don't know i'm gonna you're gonna argue about whether what trump did was good or bad with the republicans. Do not think that we should be spending five trillion after. We've already spent all stats. What they're thinking you you wanna spend it go right ahead. But that's what they're saying if you want to raise the debt limit to spend that they go ahead but they're making you're doing all this on. You're not going to get a single repair. But they're making it very difficult. And they are slowing down the three and a half trillion dollar bill. That's what they're putting pressure on that position of it using leverage from that i would be shocked if the two sides didn't find some sort of agreement to to default on the debt would really big deal they'll fund the government. They'll say we'll do it right now. He entered mcconnell. Introduced a bill with that ridiculous arkansas. They will raise. They raise the stopgap. They'll do what they said they would. He introduced mcconnell introduce something to do stopgap but we won't really simple. There's nothing that ironic or republicans. What they are. I understood how they were doing this politically to try and slow things down. Because they don't have any say when it comes to the three and a half trillion dollar bill. I wonder if they're being a little too clever though because what they're doing at this point is probably providing some unity for the democrats to say. Wait a second. They're going to let us string this up. It did sound to me like yesterday. After nancy pelosi met with her caucus that there was quite a bit more unity. Coming out of that meeting that there had been going into that because have to get to where they need to be on the infrastructure. Which you're gonna vote on thursday. The progressives are going to have to vote for it sounds like to get some movement that was moving towards nancy. Pelosi is way on without the three because it won't be three and a half. We now know it's going to be. I don't know two and a half. Let's say whatever comes out. The tube fed presidents stepping down abruptly. Yesterday i boston fed president eric. Rosengren said he would leave his job. This thursday citing health concerns nine months earlier than his planned retirement and then later in the day. Dallas fed president. Robert kaplan said he would step down on october eighth so like next week or ten days whatever. He said the recent focus on his financial disclosure risks. Becoming a distraction so he didn't mention health and let's talk mental health Both men with the subject of controversy over stock trades last year at a time when the fed was conducting trillions of dollars in asset purchases to prop up the markets and. I mean if you really wanted to be a stickler you'd say well j. palestine and he bought a bunch of muny vaughn's while the fed with buying muny bonds. Which is i mean if you want to hang your hat on that but the other ones kaplan looks look. I don't know kaplan was was talking against this book the entire time. But i think what you're going to seize. The kaplan was making million dollar plus some not a lot for him given his may not be a lot for him. But in the grand scheme of the world. I attract a lot of attention. A lot of people are gonna try trying to understand it and you guys saw the timing on this. I mean all of this had to happen before j. Paul went before the senate today. This is the same thing as the instagram pause news. That came out yesterday. That's because they're getting called before congress this week to and nobody wants to go before congress and defend some of these positions Jay pals made it very clear that they don't want the the reputation that are fed to suffer is now clearly seen as not adequate to the task of of really sustaining the public trust in us. We need to make changes. And we're going to do that as a consequence of this. This will be a thorough going and comprehensive review. We're going to gather all the facts and look at ways to further. Tighten our roles and an standards so all of these moves happened just before congress is going to get to start asking questions. Maybe this is a good thing. Maybe the fed is gonna stop doing this. And we don't have to have these conversations so we can actually trust that. There's announcing kind. We don't have the conversation i mean. Choose not to have already by looking at the actual facts of the situation and saying look that was all within the guy if they want to change guidelines fine i. I'm tired of talking about. Maybe don't you think the guidelines should be changed anything with this might actually be considered actions changed over time. Thank any of them. Were were using inside. I looking at what was done. I don't hang on stock but they can make any sense to you whatsoever. Guidelines are going to change for the fed's going to factor. Lafayette shouldn't be able to to to buy thing shows. I have a lot more influence. You understand that i mean. Let me let me raise one more question. With kaplan and rosengren were two of the more hawkish voices on the fed. Interesting trust is starting to go to taper that these voices will be standing down but if you thought it was going to make a difference and maybe the fed would act less quickly. You may have to think again. Just based on pows. He's planning to sell before they start tapering. They're gonna say hey you guys wanna be out. And then they're gonna taper market goes down and they they get out without anyone pointing fingers at oh now you sell before you taper so you've played right into their hand some news for you. L. securities posted. Its first tweet. Since january twenty first yesterday as the hashtag came griffin lied was on twitter that hashtag refers to february hearing in the game stock saga in which citadel ceo. Ken griffin said. He never requested that. Robin hood restrict trade. Your now recognized. Oral test of pseudo securities played an important role in meeting the needs of retail investors during the week of january twenty four. I want to be perfectly clear. We had no role in robin hood's decision to limit trading in game stop or any other means stocks. I i learned a rods trading restrictions. Only after they were publicly announced so those tweets denied claims at griffin lied in his testimony. Sydell securities did not ask robinhood or any other firm to restrict or limit its trading activity on january twenty seventh a company also tweeted the ken griffin and robin hood. Ceo vlad had never.

mcconnell kaplan congress fed chuck schumer president eric Rosengren Dallas fed Howland treasury department mitch mcconnell senate muny vaughn us Jay pals Robert kaplan nancy pelosi chris arkansas
"jay pals" Discussed on MAD MONEY W/ JIM CRAMER

MAD MONEY W/ JIM CRAMER

02:53 min | 4 months ago

"jay pals" Discussed on MAD MONEY W/ JIM CRAMER

"I do these videos. Each pointing the street dot com with research director jeff marks and we talked about nucor my instincts my instinct said world. Hold it it's back to one seven. We got back even with the trust. Yes but then we talked about it. And i realized that was a huge mistake. That was total. Lisi thinking the only reason i wanted to lighten up on new court one seven because it was where the trust initially bought it. I swear that's exactly what i would have done. Had an. I talked it through with jeff. I'd just been in my mind. Power of lazy thinking buzek invest scheme of things with a stock trading nearly six times earnings and an infrastructure bill. Looking like it's going to be a sure thing. There's absolutely no good reason to help new cornell. I didn't have a fundamental reason. I remember technical reason. I just saw got back to even my gut reaction was to breath. Side we've ring that register but simply matter though what does it do with whether or not nuclear worth voting. What would be the point of that sale before you pull the trigger. You gotta ask yourself. Why the heck am i really doing this with nucor. I don't really care if the stock pulls back there's a trillion dollar infrastructure package. One the way that should ignites steel sales for not days not much but years to come. And that's what matters not where the stock is relative to your i trade. I bring this up because anybody can fall. Prey to lazy. thinking has the best of us. it's human nature to make poorly thought out emotionally driven decisions. This kind of thing is everywhere here. This morning i was several people. I leave honestly respective about. What were they talking. How the fed is dead wrong to keep rates so low after friday's fabulous import. That you heard that if you watch your network where you anything you popular hip. Toss roy half dozen times when one person is pointing said. The fed was apps. Obviously room another criticized. Jay pal for being oblivious to one of the largest job gains ever. Couldn't disagree more with them. But the chatter chatter begins to worry me. I mean i've been out friday. I figured the market would get crushed because the economy was too hot. Meaning the fed would have to tighten sooner than later but these jeremiah is against easy. Money were so effective. I looked at the biggest winners to find games registering. And i settled on. Sell some kosco. Yeah big gain sell at one if rates are headed higher because the economy hot. This relatively expensive retail. Tom could have to go lore again. That too is the power of lazy thinking. I who the heck were these commentators to make me to anything. They've been dead wrong for ages dead wrong about the fed. I think jay pals doing fine job. Under extraordinary circuses. We're wacky with. The state of florida is trying to keep the region cruise lines holds from sailing because the company wanted to.

nucor jeff marks Lisi fed Jay pal jeff kosco roy jeremiah jay pals Tom florida
"jay pals" Discussed on Marketplace with Kai Ryssdal

Marketplace with Kai Ryssdal

05:49 min | 6 months ago

"jay pals" Discussed on Marketplace with Kai Ryssdal

"Less. What is jay pal thinking.

Data reaffirms expectation for a slowing in consumer spending

Bloomberg Markets

06:03 min | 2 years ago

Data reaffirms expectation for a slowing in consumer spending

"More we are so lucky to have Danielle DiMartino both in the studio with us here chief executive officer and chief strategist of quill intelligence also a Bloomberg opinion column as a former fed employee in Dallas and you know I really want to focus on the consumer we got a number of data today I got a point consumer spending came in lower than expected and the Bloomberg consumer comfort index plunged the most on a weekly basis in eighteen years in eight years and yet Jake how this put all of his eggs in the one basket of saying we're not going to cut rates as long as the consumer hangs in there it's a big bet on his part I mean he really really is not diversifying fed policy let's put it that way all right so I take it just from that come along that you think that the fed you becoming more it's not so much the rate will look the economy is slowing and it gets tiresome to listen to these press conferences when Jay pals clearly in denial yes interest rate sensitive sectors actually let's just say sector because autos really haven't budged in fact auto buying intentions in the latest consumer confidence data are crashing so the only thing the only needle that's been moved by these rate cuts in housing that's it and and we're seeing as I was as I was just thinking least worst we saw in the bank earnings reports that the credit card spending rates have been coming down revolving credit has been a tremendous support for consumer spending we're seeing the saving rate take up we saw that this morning it took up to eight point three percent consumers are clearly battening down the hatches were seen deposits cash savings increase as well so I think the consumer senses that there's something amiss but again that's where Jay pals got all of his bass all right there are two questions implicit here first question well cutting rates actually encourage consumers to spend more no there it it's it's now I I don't think it will and that you know might mean he's been very good at press conferences about drilling him on this what are these rate cuts going to do I think the rate cuts have more to do with the plumbing in the financial system because the fed is buying treasury bills like there's no tomorrow and money market funds are arbitrage in this by parking their money at the fed where they get an additional ten basis points it's boxing the fed into where they have to continue to lower rates okay the second question that I have is regarding that credit card spending is the biggest banks I read the heard on the street column in the Wall Street journal about this and it was not that it is declining it's just that the growth in the credit card revolving credit has been lower right coming down and I guess they're two ways to read this you could read this as a tempering of the economy which everyone knows that it's slowing and you could or you could look at it as out waiting consumer confidence and a sign that things are gonna turn south which is the correct read I think that consumers know that there is slowing let jobless claims of barely moved by the breath of states that have increasing jobless claims has increased from about a third it hit seventy five percent in September we're running about fifty one percent now of state in the country with rising jobless claims and to your point about growth in credit card spending slowing the average weekly earnings will get new data out tomorrow morning but in June it was running at a four percent right in September it'd take down to two point six percent that's the paycheck growth it's not so much that income is declining it's that households know that their paycheck is no longer growing at the same pace so it's it appears a chairman pal and some members of the the dovish fed if you will are thinking about it it's all about the jobs and everybody's got a job on points at its all time low briefly tell off the sidelines a lot blah blah blah blah so tomorrow what's the what do you look at the cut through the blah blah blah tomorrow the jobs number so I'll be focused tomorrow on the sectors where we're seeing job growth if you looked inside the internals of the eighty P. report yesterday one sector financials that was the only one where you saw any growth of any kind and super large companies over a thousand place otherwise you name the sector contracting and you name the size of the business seriously slowing growth so I'm going to be looking at where jobs being created we've seen in the survey we've seen in the soft data that service and employment indices have come down with in in the case of market it's a ten year low so I'll be looking to see what types of jobs are being created dig into this consumer comfort data and you will see that the highest income earners their confidence has been coming down mom at a much faster pace than the people who they employ who still have high confidence are the is the consumer a leading or lagging indicator absolutely lacking every recession like sixty three percent of post war recessions we have been in recession with with expanding consumption it is not something that you look to to see where the economy is headed it is something you look in the rear view mirror to see post facto we're cooking what did you want to hear from chairman Powell yesterday that you didn't hear I wanted to hear a lot more about the repair facility I wanted to hear a lot more about why he contends that it's not quantitative easing just because it's at the at at the short end of maturity curve I don't think there were enough questions that were asked and I think that his intent and his Cinderella wish is to have a nineteen ninety five nineteen ninety eight redox and be Alan Greenspan to where the economy just continues to expand after three rate cuts but in ninety five we were at the beginning of an economic expansion in ninety eight we had a massive hedge fund blowing up these were idiosyncratic events were not there we're deep deep deep into this economic expansion and I would have preferred to have seen a little bit more about him saying no more rate cuts but by the way QB's blasting right king of the Martinez thank you so much for joining us really helpful Daniels the CEO chief strategist of quill intelligence also a Bloomberg opinion calmest giving us her smart thoughts on what we heard yesterday from chairman Palin the fed and what we might be looking for to what we need to focus on tomorrow with the jobs number of course Bloomberg radio will cover the jobs report in full as we

Danielle Dimartino Chief Executive Officer Chief Strategist Dallas Bloomberg Seventy Five Percent Sixty Three Percent Fifty One Percent Eighteen Years Three Percent Four Percent Eight Years Six Percent Ten Year
Powell says there’s no rulebook for trade war, pledges to act as appropriate to sustain economy

Marketplace with Kai Ryssdal

06:28 min | 2 years ago

Powell says there’s no rulebook for trade war, pledges to act as appropriate to sustain economy

"Interestingly early enough. This was a week when what the Federal Reserve did was less relevant than what chair Jay Powell said there were other things said about this and the global economy. Let me this week and so now we are going to say some things we being genus like the New York Times Gaye. Davidson is at the Wall Street Journal everybody I Juno. Let me start with you and chair. Powell al and I want your reaction to this thought the idea that does seem to be gaining strength out there that the more Jay Powell talks the less clear. The Federal Reserves Intentions about this economy discuss. I think that might've been a little bit what he was going for this week so yeah. I kind of think think I was talking to a bunch of investors about this yesterday and today and I think that the consensus is that he didn't do that that of a drop this week so basically eh pal hasn't kind of tough job right now because they're setting policy based on trade policy which is highly uncertain and you just never know what's going to happen with it in so. I think what the the Fed wanted to communicate this week which just that they don't know what happens next. They haven't decided for sure. They think it could be a rate cut. They don't know when that's going to come and they don't WanNa guarantee that it is going to materialize in so I think Powell went out trying to convince the markets that they really don't know and I think he was pretty successful at doing that. Wow Kate Davis. It's in what do you make of that and also this growing idea it's coming from the head of the ECB and it's coming from the OECD store yesterday on on how people are beginning to say look fiscal fiscal policy makers that is politicians. You GotTa do something because bankers can't do it all central bankers yeah. I think I think that gene is absolutely right. I thought one of Jay pals responses was was kind of funny. He was sort of asked. When do you know whether you're at the point where you need to cut rates further when you you've cut them enough when he sort of said we'll we'll. you know when we've done enough. We'll stop I mean he he really didn't give I think it was intentionally vague but yes on the on on the Fiscal Policy Front Powell joins a long line of Fed Chairman and women who have argued that fiscal policy makers need to do more if they want to see more economic growth that the Fed can only do so much to sort of support. GDP their goals are maximum employment in stable inflation. Shen in generally that leads to you know pretty good economic growth if things start to go self though in the Fed doesn't have some sort of magic magic tool that they've just been holding onto that we don't know about that's GONNA juice. Everything fiscal policy makers need to be thinking about the effects of their policy and so specifically right now. We're talking about trade. That's weighing on things Gina. Let me ask you this about a report that came out from the New York. Fed they basically said Oh look consumers. Are we're still strong. Businesses aren't doing much the question has to be how long does that endure an and I know I asked this a lot but holy cow show but I mean it's the fundamental question about this business cycle because the consumer is seventy percent of the American economy and they haven't cracked yet and that's why we have seen and such you know really persistently solid growth here. and I think the big question is how long can that process. Because what we've seen is some hints around the edges edges that consumers are getting a little bit spooked by the trade war you know the University of Michigan survey looked weak last month and the preliminary September numbers showed a little bit of a bounce back but it wasn't the bounceback you would have hoped for so I think the real question is you know those surveys tend to correlate pretty poorly overspending but if you would see it bleed over into actual activity of any kind of problem on your hands Kate about trade and consumers the president said today at one of those joint press conferences. He does with visiting heads of state. This was the Australian Prime Minister Head of government. I suppose somebody will correct me. I'm sure he said you know. I don't think I need to China trade deal before the election. If you do the regression analysis regression regression analysis and take the politics out of that do you by who I don't know I think that I think that we all know a lot. Let's let's say that there's not some agreement when Chinese officials come in early October. That's sort of the next big development. They're gonNA come to Washington. If there's no progress made then can you know as of now the US is still scheduled to raise tariffs on October fifteenth on a bunch of consumer goods. We already have tariffs on three hundred sixty billion dollars of of imports from China so excuse me not not consumer goods on the fifteenth by December Fifteenth. There's another round that would sweep in a bunch of consumer goods. I mean at that point. We'll be we'll be we have having tariffs on almost everything from China and it's hard to imagine you just talked about the effect on consumers. It's kind of hard to imagine that you know being sustainable sustainable through an election year so I I have to think that at some point the administration except some kind of deal okay so gina. I wanted to do one last thing with you. You've got this is. GonNa Ridiculous. You're going to have forty five seconds to do it. This thing that's been happening. in the what's called the overnight repo market right these banks lending to on on the new one another. Sh- super short term in order to to make their books workout. We did an interview on it on Wednesday. It's incredibly weedy but the reason I'm asking is that the New York doc Fed said today. It's GONNA keep making these emergency overnight monies available until the tenth of October. Are you stressed about this or is it normal ish. It's not normal so I think it's important to recognize that but it's not a reason for outside stress so basically what happened is the. Fed has been drinking. Its balance sheet for a long time which we've talked about and they got to a point where at very unusual moments when a lot of cash comes out of this market really quickly and there's a liquidity crunch bank serves us to step in to fix that but now bank reserves are scarce enough because of the Fed's balance sheet shrinking that they're not doing that and so the Fed finds itself having a couple of options. It can keep doing these as emergency operations. Would you WanNa do it can basically offer an option to banks where they can switch treasuries for reserves which it's talked about but it's not there yet and they would take watt implement or it can keep growing. It's start growing balance sheet again just a little bit and so it's really going to be a debate over. Which of those sort of your least worst option look. The least worst is how we're GONNA leave this holy cow Gina Smile he dons and Kate Davidson in the Wall Street Journal. Thanks you too.

Federal Reserve Jay Powell Gina Smile China Wall Street Journal FED Kate Davidson Federal Reserves Intentions Fed Chairman New York New York Times Kate Davis ECB Gaye Oecd United States Washington University Of Michigan Shen
"jay pals" Discussed on Newsradio 700 WLW

Newsradio 700 WLW

02:10 min | 2 years ago

"jay pals" Discussed on Newsradio 700 WLW

"Well the Bloomberg markets on seven hundred W. L. W. A. three cigar good morning to you and good morning to you Mike McConnell yesterday apparently stocks took a dip yeah second day after Friday's blow out jobs report clouded expectations that interest rate cuts by the fed key focus our markets this week we'll be fed chairman Jay pals appearance on Capitol Hill he will be there tomorrow and Thursday talking monetary policy in the state of the US economy saw investors look at things and the Dow industrials fell four tenths percent one hundred fifteen points the S. and P. was down five tenths percent the nasdaq off eight tenths percent okay this listing is really good news for the market you know there's always some Daily News in the good you can always turn it around yeah all right earnings today pepsico is this morning yes yes pepsico will be up before the bill this morning and then after the close today we will hear from Levi Strauss and the folks over at WD forty the schedule to reform yep all right a lot of women what people watch the women's soccer final on fire it was a ratings win for Fox Sports the American audience for this game was twenty percent higher than last year's men's final between France and Croatia The Hollywood Reporter says the final was also the most watched soccer telecast in the US since the last women's final in twenty fifteen that still remains the highest rated women's World Cup final effort sweet data again over this this year's up I think this year was like fifteen million and the last was fifteen point two if this final Croatia and whoever credits how many people will watch it actually I'm surprises on higher than that I am too actually buzzing is if there's a lot of there's a lot of publicity very high high profile coverage on these games well and in the places you might go to watch me couldn't get in around here really yes yeah yeah packed out I can get into my fat my parents house like that's where I watched a good job yeah all right futures look like what futures are lower again this morning S. and P. down twelve points nasdaq down forty two from the Bloomberg news or my Petry Sikora newsradio seven hundred W. L. dot traffic.

Croatia Petry Sikora Fox soccer Jay pals chairman fed W. L. W. Bloomberg Mike McConnell US Croatia The Hollywood Reporter France Levi Strauss pepsico Daily News
"jay pals" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

04:01 min | 2 years ago

"jay pals" Discussed on WNYC 93.9 FM

"And the end result is, is debt and someday the people who the Republicans who put this through we'll start carrying about debt again, but oh probably happen, when they're not in power anymore. Right. Limit. Let me actually take that strong economy thing that you're talking about and add this week numbers, right? Retail sales were up. We're gonna have a report from from Justin ho on that in a minute inflation is still basically steady. And, and right where the fed wants it in this economy. What, what's not to love? I'm you know, the last jobs number was not that great. Yeah. We, we were having some hiccups in the auto sec. After the market seems a little unstable given what the president is saying about tariffs. Yes tariffs. No people are starting to feel kind of like there's some choppiness here, and we're not getting a lot of shirts from the rest of the world like everything is going to be stable, too. So I think that has people worrying Wall Street is definitely starting to worry about a recession coming in the next year to, and they're definitely worried about corporate earnings, and I think that's one of the reasons why the president is really pushing the head of the Federal Reserve to keep interest rates low. He wants to keep the economy going steady clip before the election wrote. Well, let's turn now to Mr Powell and the chair of the fed, and the president once again, saying bad things about the guy he appointed to the job. Let me set aside for a moment. His comments from ABC news this morning that the market would be ten thousand points higher. If the fed had not raised interest rates, and that he's dissatisfied with the fed, and let's get to the game that I. Advertise deep here we are Jay Powell in control of interest rates in this economy faced with zero inflation questionable jobs numbers, but the macro growth numbers still for now, looking good five words or less. What is Jay Powell thinking? Why are you saying this is good? The J pals must be sitting there thinking, Mr President. You don't have to say this. We understand that we have some room, but every time the president speaks and tries to browbeat, the fed it removes the Fed's ability to actually act, and look independent. And when that happens, Jay pals, probably sitting there thinking, do, I really want to do this and look like a political stooge with the president saying what he's saying? And that's it just creates problems for somebody who's trying to run an independent toossion. So he's probably pulling his hair out at the same time. All right. Lynette your turn five or less. What is Jay pal thinking you got like half a minute. I could have stayed on Wall Street, instead of come to Washington and been President Trump's come two hundred fifteen words, I couldn't see it on Wall Street that was my first five and then I was explaining. Okay. Lopez. It business insider bready at politico and our game what is Jay pal thinking thanks. You too. Thanks guy. Everybody on Wall Street this Friday, we're Jay pal is no longer split decision, but not by a lot. We'll have the details when we do the numbers. As promised consumers, there are numbers out today on how much those consumers are spending. The Commerce Department says retail sales rose a half percent in may, April sales were revised up that is the data. Here are the details. Marketplace Justin ho looked into what people are buying outside the sporting goods store in midtown Manhattan. Benjamin. Goldberg's got up brand new back. It's a black backpack with a water bottle holster the one, I had was ripping. It was necessary. It also didn't hurt that he just got a raise Goldberg says lately, he and his friends have been feeling more comfortable spending money on fun stuff..

Mr President Jay Powell Federal Reserve Jay pal Justin ho Jay pals President Trump Goldberg Jay ABC politico Manhattan Commerce Department Benjamin Lopez Washington
Investors raise bets on Fed making two rate cuts

MAD MONEY W/ JIM CRAMER

03:12 min | 2 years ago

Investors raise bets on Fed making two rate cuts

"If investors expected, fed sheep JPL to do nothing for the rest of the year that then futures would be at ninety seven point five. The fact that they're ninety seven point nine may not seem like a big deal to you, but it's used you change the dollars in this market means. The futures markets are forecasting at the pit bull start easing sometime in the next six months. Now that doesn't mean these speculators will turn out to be right, though, people who try to game, the fit are often wrong and disappointed lasted member. When Jay pal was making threatening noises about how he needed to raise it straits aggressively in order to cool down a red hot economy. Remember that the fed funds rate went to ninety seven okay. Meeting people were looking for three percent federal funds rate. Then the stock market cratered, the economy, slowed down, and pal changed course talking about the need for patients. But garner points out that it didn't take long for the futures market to go from into spending no change to spitting rate cuts by April, that funds rate futures were soaring. You can see see this big rally. That's all people making a bet. How would a bookmaker break it down? Okay. Garner notes that the fed funds futures are pretty an eighty percent chance. Eight o of at least one rate cut by envier stiffly. The futures Mark is priced in a forty percent probability of one rate. Cut a thirty percent chance of two cuts and a small group of traders are even daddy, one, three or more rate cuts really outside that's over over over and all this seems like an overreaction guada- believes that the fence fund feds is stuck between a rock and a heart place. When the one in we've got robust economic growth couple with barely any inflation. Take a look at that obviously employment growth is pretty good. That should be Nevada for the fed. So there's no real reason for them to do it. When the other when JPL tightened to aggressively late this year. It really did slow down the economy and it's possible if might be willing to. Mentally cut rates. If that means staving while recession of the room making horrible corners conference that we could see in multi. Pause from the fed both because it makes sense as monetary policy and because of what she sees in these charts when it comes to the fed funds futures. Both the relative strength index the RSI, okay? And the Williams percentage or oscillators are Ma in mildly. Overbought tur- you of that, this one's just a little bit of which just a futures have come up too far too fast meeting. This thing was was an overreaction. Plus, there's a powerful Cillian ninety seven point nine to ninety eight so she's saying there peaking, right here, right now, she's making a very big call people if Garner's right December, futures contracts should drift back to where it was trading at the beginning of the year round, ninety seven point five. Remember right now, this thing is baking more than one rate cut and that seems way too optimistic for and it's not just the pit funds futures. Check out this daily chart of the I shares twenty plus year treasury Tf right now. Long term treasuries are forty with multi your. Highs member when rates go down bonds go up in value. Okay. Yields on your multi your lows while long term interest rates are only partially impacted by the Federal Reserve, there's still some correlation. And as far as Garner's concerned, this chart is bad news for the bulls. It's just the treasury prices are poised and go back down. Meaning yields will go up meaning more rate cuts might not be in the menu. I told you how contrary this thing is, it's an extraordinary. Call by Carly, extraordinary

Garner Federal Reserve JPL Jay Pal Treasury Carly Nevada MA Cillian Bulls Eighty Percent Thirty Percent Forty Percent Three Percent Six Months
"jay pals" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:06 min | 2 years ago

"jay pals" Discussed on Bloomberg Radio New York

"Avoided even if the battle hasn't been completely one the next hours will be difficult, but due to the courage, the facade towers did not crumble. Treasury Secretary Larry Summers is backing current fed policy. While suggesting the next move would probably be a cuss speaking at the pay dozen institute in Washington he'd great the market's betting that Jay pal is quite considerably more likely to lower rates than race. President Trump is on the fed is natively restraining US growth at a time of low inflation. Toubled OJ tycoon cows, go spacing yet more allegations accused of improperly charging Rennick for three thousand dollars schoo when he was chairman which was bought last year and was saved by Renner. After company offers us where the gun had been entitled to it as part of compensation. He remains in custody in Tokyo and denies any financial misconduct. President Trump has some advice the Boeing as the company works. Resolving software issues linked to the deadly crashes that killed three hundred forty six painful. Hey, suggest Boeing should try fixing seven three seven max, adding some new faces and rebranding it with a new name. He did admit he might know nothing about branding about said his opinion. Mike carry some white as he did succeed in becoming president and SpaceX has won a contract to play a real life version of the game asteroids for sixty nine million dollar deal is kind of Nasr's plan to show. It has the power to the flicked asteroid by smashing a spacecraft into one. At high speeds, the mission is scheduled for June twenty twenty one and the crop will travel to space abroad. Spacex falcon nine rockets it aims to hit a small asteroid eleven million kilometers from us about a year later. Global news twenty four hours a day on a tick tock on Twitter by more than twenty seven hundred journalists. And analysts in more than one hundred twenty countries. Amenable drool is this is Bloomberg. Would you? Call me.

President Trump SpaceX president Boeing Renner fed chairman Larry Summers US Jay pal Mike Bloomberg Twitter Washington Rennick Tokyo Nasr eleven million kilometers sixty nine million dollar
Powell - Fed remains patient deciding on further hikes

Marketplace with Kai Ryssdal

01:59 min | 2 years ago

Powell - Fed remains patient deciding on further hikes

"The program today, a vocabulary lesson from the Federal Reserve from American public media. This is marketplace. In Los Angeles. I'm KAI Ryssdal. It is Wednesday today the twentieth of March good as always to have you along everybody. The macro economic word of the day. This Wednesday is patient patient. It's an adjective able to accept or tolerate delays problems or suffering without becoming annoyed or anxious patient. What's that you want it in a sentence? Jor given the overall favourable conditions in our economy. My colleagues, and I will be patient in assessing what if any changes in the stance of policy may be needed patient fed Jay pal they're giving the central banks economic outlook and vocabulary lesson all in one explaining by way of wrapping up a two day fed meeting why they are not planning any more interest rate increases this year. Why no more rate hikes? Here's another sentence epilepsy. Participants continue to see growth this year of around two percent. Just a bit below. What we saw back in at the end of last year. Things are good Powell said, but not great. What gives well, here's my guess, you'd call it a sentence fragment. Right. And now we see a situation where the European economy has slowed substantially, and we're so has the Chinese economy, although the European economy more and just as strong global growth was a tailwind weaker global growth can be a headwind to our economy cheer Powell. Also did a bit of thinking out loud. I guess you'd says he processed the questions he was getting this afternoon. You ask about about tariffs. Yes. Miss german. Yes. We did the answer came in two parts in terms of our own economy. The the level of tariffs is is a relatively small the size of our economy. However, comma, we have since the beginning of the year and before really been hearing from our extensive network of business contacts a lot of concerns about tariffs concerns about material costs on. Imported products and the loss of markets and things like that depending on which industry, so there's a fair amount of uncertainty. It's hard to say how much of an effect. That's having on our economy

Powell Federal Reserve Kai Ryssdal Los Angeles Jay Pal Two Percent Two Day
Fed's Powell says no immediate policy responses needed to economy

CNBC's Fast Money

01:03 min | 2 years ago

Fed's Powell says no immediate policy responses needed to economy

"CBS has just announced that Jay pal. The fed chair is going to be on sixty minutes this weekend in an interview that has already been recorded of CVS saying that pal sat down with CBS is Scott Pelley this week in Washington DC for what they're calling a wide ranging discussion that includes the fed chairman's remarks on interest rates the outlook for America's economy, and whether the US financial system is vulnerable to. Attacks. They also say that because the interview is on the at comes almost ten years to the day since Pelly interviewed then fed chairman, Ben Bernanke during the great recession, Burnett Anki and his successor Janet Yellen appear in the interview alongside pow in one of the interviews for the report to discuss how they advised him to handle the job and the criticism that comes with it that will obviously be fascinating viewing. And so interesting to see whether or not they discussed the criticism from here at sixteen hundred Pennsylvania Avenue from the president of the United States who's been very critical of J pals approach to handling interest rates at the fed. We'll see whether they get into that at all in the

FED Jay Pal CBS Chairman United States Scott Pelley Ben Bernanke Burnett Anki Janet Yellen Washington President Trump America Pelly Sixty Minutes Ten Years
"jay pals" Discussed on WAFS Biz 1190

WAFS Biz 1190

01:51 min | 2 years ago

"jay pals" Discussed on WAFS Biz 1190

"I Ford headlines from around the world and cross back out because we have very definitely. Thank you. President Trump says the US dollar is too strong on has taken a swipe at fed chair Jay pal as someone who quote likes rising interest rates rally in Maryland. The president said the US economy is doing well in spite of the actions of the central Bank saying I won't a strong dollar. But I wanted to all of that does great for our country, not a dollar that so strong, it makes it prohibitive for us to do business with other nations and take their business. Pro Brexit hardliners among Prime Minister, Theresa May's conservatives have outlined conditions supporting plan for leaving the European Union. That's according to the Sunday Times. It would be the clear sign yet. That they're prepared to fall into line and could open the door for the embattled British leader to win a Briggs outpost in parliament within days. The US says it's committed to making sure the South China Sea remains open to all kinds of navigation and that China does not pose a threat during a visit to the Philippines. Secretary of state Mike Pompeo said America will come to the defense. If it's forces aircraft or ships, come under armed attack in the South, China Sea, territorial disputes have been longtime issue between Washington and Beijing. Fabio Foxman has stepped down temporarily as the CEO of via like, that's the world's largest producer comes on the increase government scrutiny for failing to prevent a second deadly burst one of its hundreds of tidings Dan's in Brazil. Could we replaced by Eduardo Bartolomeo and executive director as interim? An Indian air force pilot captured by Pakistan has been released offering.

US South China Sea President Trump Ford Eduardo Bartolomeo Mike Pompeo Theresa May Sunday Times China Sea president Fabio Foxman China America Prime Minister European Union Jay pal Pakistan Maryland executive director
"jay pals" Discussed on WJR 760

WJR 760

02:08 min | 2 years ago

"jay pals" Discussed on WJR 760

"Up for Medicare Advantage plan. And and it's through a private insurance company. But they have to agree to certain reimbursement. Rates and certain medicine rates and all kinds of things after agree to. But that's why some insurance companies won't do it. That's why some doctors won't do it. That's why some hospitals won't do it. And you still have an option, but it is great because you're paying a lot less than you would have. If there was no such thing as Medicare. You're getting more out of it than you put in which is why here's a big problem Medicare right now, do you realize that the so-called trust fund will be gone by thousand twenty six revenues will only cover ninety one percent of the cost of Medicare though, and those revenues will decrease every year thereafter, and you realize that over the next seventy five years, there's thirty seven trillion dollars in unfunded liabilities of Medicare right now. Before we go Medicare for all what's increasing the cost of medicine right now the cost of Medicare is going up seven point four percent annually, Medicaid up five point five percent annually private insurance only going up four point seven percent annually. Government medicine is pushing the cost of medical care faster than private medicine. But yet you've got these Democrats that it's right, right? You got to do it. Is this a bold and ambitious plan said Representative Jay pal the democrat damn straight. It is because it has to be. Like, I said, it sounds great. Except for the reimbursement. Rates. Fewer doctors, fewer hospitals. If you don't have money for the best doctors and medicines in hospitals, and what do you think is going to happen won't be invented? What hospital won't be built what Dr won't decide to go there. They don't wanna talk about that. Because it just sounds great to say, it's free. I want to get into that in detail just second. And I got some great audio from Bernie Sanders on releasing his tax returns in on. What's socialism, really means a hit all that? And just a.

Medicare Bernie Sanders Representative Jay pal thirty seven trillion dollars ninety one percent seventy five years seven percent five percent four percent
"jay pals" Discussed on WBSM 1420

WBSM 1420

02:10 min | 2 years ago

"jay pals" Discussed on WBSM 1420

"Medicare Advantage plan. And and it's through a private insurance company, but they have to agree to certain reimbursement. Rates and certain medicine rates and all kinds of things have to agree to. But that's why some insurance companies won't do it. That's why some doctors won't do it. That's why some hospitals won't do it. And you still have an option, but it is great because you're paying a lot less than you would have. If there was no such thing as Medicare. You're getting more out of it than you put in which is why here's the big problem Medicare right now, do you realize that the so-called trust fund will be gone by two thousand twenty six revenues will only cover ninety one percent of the cost of Medicare though, and those revenues will decrease every year thereafter, and you realize that over the next seventy five years thirty seven trillion dollars in unfunded liabilities in Medicare right now. Before we go Medicare for all what's increasing the cost of medicine right now the cost of Medicare is going up seven point four percent annually, Medicaid up five point five percent annually private insurance only going up four point seven percent annually. Government medicine is pushing the cost of medical care faster than private medicine. But yet you've got these Democrats that states, right, right? You've got to do it. His is a bold and ambitious plan said Representative Jay pal the democrat damn straight. It is because it has to be like, I said, it sounds great. Except for the reimbursement. Rates. Fewer doctors, fewer hospitals. If you don't have money for the best doctors and medicines that hospitals, and what do you think is gonna happen? We'll won't be invented. What hospital won't be built what Dr won't decide to go there. They don't wanna talk about that. Because it just sounds great to say, it's free. I want to get into that in detail second. And and I got some great audio from Bernie Sanders on releasing his tax returns on reparations in on. What's socialism, really means hit all that in just a second? Take.

Medicare Bernie Sanders Representative Jay pal thirty seven trillion dollars ninety one percent seventy five years seven percent five percent four percent
Janet Yellen says Trump doesn't understand macroeconomic policy

Marketplace with Kai Ryssdal

06:35 min | 2 years ago

Janet Yellen says Trump doesn't understand macroeconomic policy

"I I'm gonna play you to a piece of tape that we had on this program on Monday. And then we're gonna talk about it. You're ready ready? Okay. Here we go. Do you think the president has a grasp of macroeconomic policy? No not. So that was me obviously and one Janet Yellen in her office at Brookings. We spoke last week we aired at this Monday. Here's Dan my question for you. Were you surprised that she said it out loud? You know, what I like how Dr Janet Yellen is really letting jelly from BK step at the forefront and let you know with really good. Jelly from vk is not playing around. I, and you know, what this is the thing. Here's the thing that so many economists so many economic strategies so many market strategist have told me over time. It's clear that the president doesn't understand how macroeconomic policy or economic policy or even monetary policy. I don't think he understands how fiscal policy works and for her to step out and say it, I think was really great because it's been the sort of unspoken secret. And, you know, everyone in the the president's cabinet everyone on, you know, on Capitol Hill seems to save these things, and I love the genuine was just wants to know. Now, he doesn't so Gina. I'm going to play one more piece tape from you this is from the following day. It's a hearing on Capitol Hill. You may actually well have been there. I don't know the first force you're gonna here is shared Brown democratic Senator of Ojo, and then the current fetter jay-paul Hugo, thank you. Thank you again for being here term yesterday, your predecessor Janet Yellen said. He doesn't think President Trump has a grasp of macroeconomic policy is she right? I won't have any comment on that for you Senator. All right. Guess I'm not surprised of of course, he was going to say that Gina, but two point about sanding out loud. How much does it matter? Yes. I think it's an interesting question. Certainly I was really surprised to read that in your interview transcript twinning came out. I had to eat totally honest, just because. So was I. Honesty. So as I- jelly from vk because they have been so careful about avoiding sort of getting into the political fray avoiding being critical in an outright way of the Trump administration. And there's a good reason for that. You know, when they criticize politicians they open themselves up to criticism. And I think we should be clear. Janet Yellen is no longer at the fed. But that doesn't mean she has no influence at the fed. She's in regular communication with Jay pal? She said that in the interview you had with her. And so I think it's surprising to me that she would sort of open up this conversation in in such a sort of forthright way. Jay testimony since since he's the guy with the job. Now was up on the hill twice this week. Once the house wants the Senate, basically said everything's all right? You know? Yes, we have a little too much dead. And you know, I'm little worried about the economy run on gas sometime. But basically everything's fine. Right. Yeah. That's what he said. And I I was having a conversation today with a macro economist, and the interesting thing that he also said in his testimony that I really thought didn't get enough play was talking about stopping the balance sheet runoff, essentially, what he's saying is the fed is going to continue to buy hundreds of billions of dollars of bonds in perpetuity with no end in sight, the fetishes stork Lee held about one or two trillion dollars on this balance sheet. It's got more than double that right now. And the idea was if we're running this healthy economy where things are functioning as they're supposed to where people have jobs. Unemployment's low all these macroeconomic indicators are pointing up that the fed should be able to stop stimulating the economy by buying all these bonds and Powell saying, no, you know, we. Think we're probably going to stop doing that this thing that was supposed to be on automatic pilot as he said for the rest of the year really says that wow, this economy can't stand on its own. That's something I think people should pay more attention to art so Gina with with the caveat that you too are. You know fed aficionados I'm going to turn us to trade here for a second. Right. Because there were China talks last week. Robert lighthizer was on Capitol Hill this week saying you will see the deal goes it's going to be really hard your thoughts on on perhaps where or when this ends. Yes. So I think there's a really interesting question here because what Robert lighthizer said was a little bit at odds with what President Trump had previously said, you know, Trump was pretty declared. If they're making progress in lighthizer got up and had a lot of ifs as my pops. And so my call Jenny Leonard reported that US is actually I ING potentially as she Trump's on it as she from being from China Trump's summit potentially as soon as mid-march so actually. Pretty accelerated timeline there. Now that is just, you know, an anonymous source in we're not sure how realistic that is time line. But it does seem like there is still some impetus from the White House to get something done on this fairly soon. We'll let me ask you both actually in India, and you get to go first the same question. I asked last Friday, which was has the president put himself in a corner where he now has to make a deal excuse me has to make a deal because there will be and people are starting to feel the macroeconomic macroeconomic impact. Yeah. I mean, the short answer is. Yes. Like everyone on the market that I've talked to and not just recently going back six months, twelve months really since he got elected has expected that there's going to be a deal with China. We're gonna have some marginal changes a lot like what happened with NAFTA. And we're going to get a deal the president's going to call it the best ever everyone goes home for dinner that's been the expectation for the market for a long time. And everything else really has just been noise. Which is why you haven't seen a lot of market moves during the process, raw Gina, thirty seconds. Same question to you is has the president put himself in a corner here. So I'm gonna agree that yes is the short answer. I would add. Twenty six seconds. A caveat to that at this moment is that a lot of the things that were making that a really essential move that Trump had to make a lot of the cracks in the data have seemed to sort of play out not such a bad way in the last couple of weeks. You know, the stock market really rebounded. Thanks to the fed. I think we've seen fourth quarter GDP numbers came in looking grit ease knowledge, you know, the year year over year GDP was really good in the fourth quarter. And so I think those things do take some of the pressure off. Although clearly not all of it. And I think there is still the expectation certainly beacon markets that there is going to be some kind of an agreement here

President Trump FED Dr Janet Yellen Gina Robert Lighthizer China China Trump Jay Pal Brookings Senator Lighthizer DAN Nafta Senate White House
Companies keep buying their own stock in force, led by 'buyback monsters' like Home Depot

CNBC's Fast Money

02:07 min | 2 years ago

Companies keep buying their own stock in force, led by 'buyback monsters' like Home Depot

"By backroom continuing. Home Depot announces a fifteen billion dollar share repurchase Botha's on these at the NYSE with more on that. Hey, bub, low motza fishermen, Jay pal sidestepped. A verbal hand grenade in his congressional testimony today when asked where he stood on the recent trial balloons to restrict the ability of corporations to buy back stock pal reflected for a moment. And then said, the allocation of capital has always been left to the private sector, and quote, I would want to understand the consequences of changing that it was a perfect answer to a politically divisive question after buying back. More than nine hundred billion dollars in two thousand eighteen a record year. Corporations have shown no signs of slowing down with the buybacks twenty nine thousand nine already we've seen one hundred ninety billion dollars in announced buybacks today. Homedepot announce a massive fifteen billion dollar stock buy back, which we do the show. Shares outstanding by about seven percent if fully implemented after the bell gap announce a new one billion dollar buy back program as well. They follow on Cisco AIG footlocker CSX and many other corporations that have announced by backs in two thousand nineteen the Home Depot buy back is a very large one. But it's part of a pattern that goes back many years really eighty companies in the s&p five hundred have reduce their share count by at least twenty five percent since two thousand ten this is a class of corporations, I call buyback monsters, including well, no names, like Lowe's, and gap and IBM an apple it's a bubble. That's about to burst. Will it's unlikely as long as two conditions are prevalent. I that corporations continue to generate excess cash flow that is used to buy back stock and second that interest rates remain low, which would enable an alternative way to buy back stock. And that's by borrowing this is the Hornets nest that Powell stepped into so the fed entity. The congress should understand the consequence of changing that as Powell said before stepping in and dictating the corporate America, how it should be spending its profits. This is going to be a big issue in the next two years. Melissa victim.

Jay Pal Home Depot Powell Botha Nyse Melissa Homedepot FED Congress Hornets Cisco America CSX Lowe IBM Apple Fifteen Billion Dollar One Hundred Ninety Billion Dol
"jay pals" Discussed on MAD MONEY W/ JIM CRAMER

MAD MONEY W/ JIM CRAMER

02:44 min | 3 years ago

"jay pals" Discussed on MAD MONEY W/ JIM CRAMER

"You to know I always talk about the stock market, and some kind of has been a fashion show because as much as we may want to believe that this business is all about numbers, then the day. A lot of the action comes down to which whoops are in or out of style. Taking utilities the older. It's slow and steady safety stocks which have lost some of their shine. Now that investors are less worried about the economy because Jay pals, not trying to crush it. For example, Merck lecture power, the midwestern utility that owns the largest power distribution ever can America one of the bunch of power generation assets. Reporter very good quarter last week as one of the best one utilities out there. I always been recommended bountiful three point five percent dividends and the company just liberal some terrific numbers yet. The stock barely budged on the news. And it's only up a little more than three percent your date right now, the company's not getting enough credit for spun two medics because the group is out of style that could change though. So let's take a closer look with Nick Aitken's, the chamber of presidents. You have extra power get a better sense of how companies doing and where headed the Drake as welcome back to my mind. Good to be with Jim. Okay. So Nick, let's just call them as we see it. You had a great quarter. And a lot of it has to be that your area of the country may have picked up or gotten a lot stronger because these kinds of numbers need to be celebrated. What are you doing to put up such strong figures? A couple of reasons we strong weather year obviously last year, but also the quarter. We continue to see increases in load last year. We had the largest increase in energy demand since two thousand eleven so certainly the economy continues to buzz along al-beit was stronger at the first part of the year than the latter part of the year, but still it's continuing at relatively tempered base. I'm something you mentioned that because you're Jay Powell was on a lot of people feel in shape Palestine hypocritical. So fed chief he said what we're going to tighten. We're going to tighten. We're going to tighten. And then he said, wait a second. Maybe we don't have to make me patience is warranted. I think I was very critical. The by saying he should have done more homework. Speaking to people like you were you. I did see a decelerating maybe people thought that would be the end of the cycle. I feel very point by what he said because I think that maybe you're getting new lease on life. Yeah. I think I think there continues to be advancement of the economy, obviously tariff impacts or having an issue issue in play here along with the world energy economy, and and certainly the strong dollar, but but there are portions of the economy that continues very strongly, and and when you look at unemployment in our territory, it's the lowest it's ever been. So you're continuing to see job creation. You're continuing to see the advancement of the economy in many ways. And I think it's tempered because of these other items that are going to clarify as we go forward. All right. That's good news. I want to ask you, what are you? I'd look we the weather's in the news..

Nick Aitken Jay Powell Jay pals Reporter chamber of presidents America Drake Jim Palestine al-beit three percent five percent
"jay pals" Discussed on Biz Talk Radio

Biz Talk Radio

03:52 min | 3 years ago

"jay pals" Discussed on Biz Talk Radio

"Can promise you, absolutely promise. You. More name show up. It'll be telling of the market. Now, there's a lot more earnings to come out. Eight ten more to come out. So stay tuned pay attention. Apple. Amazon. Google. Three very important names, especially. Has that one hundred apple on the Dow, but it's not the highest price in the end the highest beta name. And may I add Boeing nother very important name homedepot, another very important name three AM another very important name. All coming out in the weeks ahead. At will tell the tale. All I can tell you so far. I've seen nothing. That resembles distribution in this market. The worry. Froth is already back. The worry central banks. They blinked. It is not a coincidence that the market bottomed after. Christmas that day before Mnuchin call together, the president's working group on the financial markets, which included Jay Powell. Jay Powell did a one eighty and somehow out of nowhere. China goes nuts. Eighty three billion dollars in one day on top of things. And Japan and Europe that had been threatening. The slowdown the easy money. You don't they came out and said this week? If need be. We will get easier. Even more than we already are. That has a huge influence on markets. L I know fundamentals. Economic statistics. I know. But let me repeat. Oneida? The central banks have really had their way and one has to think and keep thinking, wait a minute. Is there going to be date or time or price with the market finally tells them, go screw and shoots the middle finger. Yeah. There will come a day. I'm just letting you know. Surprisingly, it ain't here yet. Surprisingly. I had a change my bearish stance. Live on TV. Because I'm sitting there. Live listening to Jay pal talk about. We have to watch markets, and we have to react to markets knowing in two thousand twelve he said under bernike, investors know that we have their back something to that extent. I'm paraphrasing, and we will protect them from large losses. So here we Oregon. And until the big distribution shows up again. Look for bleeders breaking out a range on great reaction to earnings as earnings row. And I'm not talking IBM earnings down five revenues.

Jay Powell Apple Amazon Google Boeing Europe Oregon Oneida homedepot IBM China Japan president Mnuchin Eighty three billion dollars one day
"jay pals" Discussed on MAD MONEY W/ JIM CRAMER

MAD MONEY W/ JIM CRAMER

01:43 min | 3 years ago

"jay pals" Discussed on MAD MONEY W/ JIM CRAMER

"Number three CBC or tweet me at Jim Cramer right now right now behind the scenes practically every money manager out. There is wondering if it is time to swap out of the safety. Stocks sell so sell sell sell into some of them were economically sensitive groups that have gotten too cheap to a gore. When the day with the Dow dip twenty two points P inched up four percent. But the NASDAQ were a lot of these tech stocks that I'm talking about advanced point six eight percent. The placid accident stunning rotation Alec defensive food and drug sucks into the now red hot semiconductor names. Now, we're tastes can be hard to understand most the time. He can't figure out why the heck the market suddenly side to turn on starlings in braces dogs. If you wanna get your head around this move, you need to understand how stocks bottom and how they peak because as I said the other day, this is a Bob Dylan mortgage and the times they're changing the process started it with three semiconductor companies report, Texas, it's rinse Zeilinger, and Lam research, Texas, inference base, Gordon variety chips that you see and everything from autos to homes all kinds of devices quitting wants that are plugged into the internet of things copy actually Puerto on quarter. Frankly, they have a lot of industrials BOS your area that suffered when fed chief Jay pal decide to get all gung ho about fighting inflation Texans was the worst of the three yet. Stocks still rocketed up seven percent split. Some cautionary words how about Zeilinger X? I L I N X. They're quarter. Poku tude thing. Beauty. Silence is supposedly ever really every red hot market for the defense star official intelligence to the data centers self-driving cars machine learning and the best of all five g the next generation.

Jim Cramer Texas Bob Dylan Lam research Alec Jay pal official six eight percent seven percent four percent five g
"jay pals" Discussed on MAD MONEY W/ JIM CRAMER

MAD MONEY W/ JIM CRAMER

04:23 min | 3 years ago

"jay pals" Discussed on MAD MONEY W/ JIM CRAMER

"Seven for three CC or tweet me at Jim Cramer. Okay. Okay. So it was a little easy can only rally so much on the idea that the economy is slowing. So we don't need to worry much about fed. Do wonder we got slammed today. Dow plunging into to push pointless much worse at one point plumbing one point forty percent. Nasdaq nosediving one point nine one percent not much balance there. I mean, it selling companies can come out and say when they report, okay, we were doing pretty well until the fence screwed up. But if they get it, right? We'll be fine. No, it doesn't work get these companies have to extrapolate from what happened in the last quarter. And when you do that well things look pretty ugly because the question was so bad. It doesn't matter if the fed changes stance right after the quarter ended that picture well in rear view mirror. Stoltze hideous. Right. Bus companies loved the under promise in January. So they can overdeliver later in the year. So we're not exactly push fabulous earnings report, cedar. Let's set the stage for this decline. The first sign that we were going to get hammered came from oil, which one point was down almost two bucks. And we know that the oil rally has been let's Sissay part and parcel of the entire rally this year. That matters. Here's a ton of hedge funds that rely on computer programs and those programs are set to sell the whole S and P five hundred when oil goes down in price. Me why the? It's by machine we know in reality in rationality that about ninety percent of the SNP actually benefits from lower prices, so linkages surreal and shoot the programs are trying to measure the health of the global economy, and they used the price of crude to measure whenever there's a whiff of trade deal with China will rallies when a trade deal seems far off like today when we first heard reports that the US turned down an offer for prepare to trade talks, though, the president's chief economic adviser Larry cudlow came on air and said that's not true while oil gets trashed. Remember, the stock market hates the trade war without a trade deal. There's a widespread belief that the global com you'll continue to slow down, which is why oil got hitching, and we sell oil because you're worried about the global economy, then you should sell the SNP to see there are enough international companies. The average tech stocks to bring the whole index down which is exactly what happened today. Now, do you think US economy should be insulated from all this pain because they have such strong growth? Well, I've got some bad news for you. We keep being fooled by these employment numbers this morning. We got existing home sales for December. And they dropped a staggering six percent. The slowest sales pace since November of two thousand fifteen. The mortgage Bankers Association pointing out that exists in sales had now decrease for four straight months your ear because of a lack of confidence in the Puerto Rican Nommik albuque- because the stock market volatility. And higher mortgage. Rates outs. And this macro wheat is starting to impact lots of individual companies, including quaint wants Quinlan sleek Stanley black and decker the tool company, which for this number. But then gave a horrendous forecast that included a guy down works part because of the slowdown in the US housing market. The company added that auto tools also week. Oh, it was jarring. Call worse, the international outlook. Sure won't let them make it up. Just listen to Stanley blocking decker CEO James Laurie who told us and I quote, holy cow. I love this quote. I think we all know that your economy is slow quite a bit. Germany went negative the casing chaos and confusion with Brexit. Italy's a disaster end quote measures coming still made the numbers in Europe. It I don't think that travelogue is all that encouraging frankly, and this environment the fed chose to raise interest rates, quote as a cool. This is why spent months going off on fed chief Jay pal for his tone deaf attitude and his lack of yes homework. Homework emphasize that again sure, the model said the stated bucking decker should be doing fabulous based on employment. But my own told a different story and the company agreed with me. No wonder the stock plunge more than twenty one dollars today. Jay, pal..

US fed Jim Cramer decker Jay pal SNP Stanley mortgage Bankers Association Europe Puerto Rican Nommik albuque Italy China Larry cudlow
"jay pals" Discussed on MAD MONEY W/ JIM CRAMER

MAD MONEY W/ JIM CRAMER

01:49 min | 3 years ago

"jay pals" Discussed on MAD MONEY W/ JIM CRAMER

"How did you turn on a stock has gotten to cheap who's the arbiter the companies that to the Cup is the by other businesses? It's a potential premiums where their stocks have been trading. These acquires now snappy up targets like mad because those targets saw their stocks collapsed in the great bear market. Of two thousand eighteen also known as the pow pow bear market. Because fed chief Jay pal hit stocks how right in the kisser when he said out his plan for series of lockstep rate hikes at the beginning of October, all these deals tell you the stocks got to cheap because of that case in point this morning. We woke up to the news I serve is buying the stock of first data in an all stock transaction for twenty two dollars and seventy four cents share. Wow. You win for first data shareholders, congratulations. As this was a seventeen dollars stock. Just yesterday David favor reported the financial companies have been talking off and on from us. Consider this stuff. I ate. It was trading at twenty six bucks in September before the stock was felled by Smith's. I'm betting the top dogs at Pfizer probably for status credit merchandise and business, but they didn't wanna pay thirty dollars share for it would have been reasonable price tag back. Then now, they're paying ten bucks less. No deal deal. Two days ago Newmont Mining Goldcorp GV in a stock for sock transaction valued at ten billion dollars seventeen percent premium to go with me trading over the previous twenty days the deal be immediately additive to new months earnings. But would it have been added it as much as if Goldcorp was fourteen dollars and nineteen cents where Pekhtin July not nine dollars and sixty nine cents where it got the bid. I don't think so Louise bit for Laaksonen college. And we talk about that one when we were at the JP Morgan conference Lewis paying two hundred thirty five dollars per share or eight billion dollars to cement its role in the targeted cancer therapy space. Sure, it may seem.

Newmont Mining Goldcorp GV Jay pal Smith Goldcorp Pfizer JP Morgan fed David favor Laaksonen college Louise Lewis two hundred thirty five dollar eight billion dollars ten billion dollars twenty two dollars seventeen dollars seventeen percent fourteen dollars thirty dollars
"jay pals" Discussed on Newsradio 970 WFLA

Newsradio 970 WFLA

01:56 min | 3 years ago

"jay pals" Discussed on Newsradio 970 WFLA

"Vehicles struck. A passenger van and the other semi truck. Watson semis struck. They both caught on fire as well. As the passenger car that was carried over from the northbound lane. Five children who are part of a church group from Louisiana headed for DisneyWorld were killed along with the two semi drivers. At least eight others are injured. A former follower of cult master Charles Manson may soon be out of prison. The California board has recommended parole for Robert Beausoleil, the seventy one year-old was convicted of murder and sentenced to death in nineteen sixty nine for killing a man in an LA home. Investigators say Beausoleil used the victim's blood to write political piggies on the wall. He was denied parole in two thousand sixteen and now he's fate is in the hands of newly elected, California. Governor Gavin Newsom it's six oh, three on NewsRadio nine seventy WFL a stocks wipe out yesterday, huge losses. The Dow up seven hundred forty seven points. The NASDAQ two hundred seventy five in the SNP up eighty four investors cheering away better than expected jobs report for December. And there relieved to hear Jay pal say, the central Bank can be patient on interest rate hikes down stay the course even after. President Trump said the government shutdown collapse four year or more are you expecting tax refund. The IRS can accept tax returns during a government shutdown, but it can process refunds south, the shutdown persist, you may have to wait eighteen are block season opportunity here the tax preparers offering customers up to three thousand dollars in advance. Even if the IRS is closed, it's a no interest loan to be repaid out if they're refund checks game. Stop shares surged more than seventeen percent on a report in the Wall Street Journal, the two private equity firms are bidding for the video game store for NewsRadio nine seventy WFL. A I'm Adrienne Mitchell. With the Bloomberg business update..

Robert Beausoleil WFL Governor Gavin Newsom California Wall Street Journal IRS Charles Manson Adrienne Mitchell SNP Jay pal Bloomberg Louisiana murder President Trump