18 Burst results for "Jim Bullard"

"jim bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:09 min | 2 months ago

"jim bullard" Discussed on Bloomberg Radio New York

"Japanese Prime Minister Yoshida Sudha support levels hitting a record low just a few days before the start of the Olympics at Baxter has news from the 9 60 newsroom in San Francisco at Yeah, right, Brian, these are dismal numbers he's had to deal with Covid to criticize vaccination effort. Unpopular Olympic Games just because of cost and his numbers show discontent. Latest NHK poll taken in the last few days shows only 33% support. And that is down 4% points from last month. This is very near what as referred to in Japanese politics as the danger zone of below 30% side. Note. US first lady Jill Biden will go to Tokyo for the opening ceremonies. Russia linked Ransomware gang Revel has seemingly vanished from the dark Web. Bloomberg's William Turton says it's too early to tell exactly no. And this group went underground and decided to run and hide or as these groups sometimes and very often do they re brand, But you know when there's a little bit too much attention, they kind of Go under for a little bit, And then they'll come back under a new name Now, Williams says They already did that in 2019. It could also be law enforcement who took them down. So while we wait, we're buffering buffering buffering. US. The storm over voting rights has cut a path from Texas to Washington, D. C. President Joe Biden says passing congressional law now U. S is imperative to fight. The all on assault on free and fair elections, assault on democracy. An assault on liberty. Assault on who we are, Biden says Congress needs to act now The Texas saga unfolds with Democratic members of their legislature fleeing the state to make sure there isn't voting quorum to pass its new voting restrictions. Legislation. State representative Rafael A. Chia is one of those members. We said We are going to kill. Any undemocratic efforts in the state Legislature, and if that meant leaving the state we were going to do it. Texas Legislature has voted now to have those Democratic members are rested. NIH supported research team has found that the people who received both doses of the Pfizer biontech vaccine held hallmarks of a strong, persistent immune response against SARS covid to that could be protected for years. But the director Dr Anthony Fauci, on CNBC said today Well, it's really too early to tell that the real question that is being examined right now. Is what is the durability of that protection? Does it wane off? And if so, how soon And if you do do a boost? How high do you get the response? So now, Fauci says, What is known is that 6 to 8 months out, it is still very effective, but the efficacy will be subject to variance in any case in San Francisco. I'm Ed Baxter. This is Bloomberg. Brian. Thank you. Our guest is market Patel, senior portfolio manager at Wells Fargo Asset Management Market. The market reaction to this CPI report was somewhat muted today. Part of that was because some of these components are seen as temporary. And I suppose partly as Doug mentioned, investors know the Fed is committed here to being patient. But there's another element, which is I would imagine some investors are confused. You know, they're worried about a slowing economy has represented by yields his slow or one that's too hot to handle. Well, I think the numbers today the inflation numbers were high at the upper end of expectations. But what really limited that was the negative unemployment numbers and the information on wages, which really suggested again as their underlying weakness. And I think those those things went back and forth. Treasuries faded with lower yields, and they moved up a little bit, too, You know, in the day around 1 42, but still well within the trading range. I think investors are perplexed and I'm not sure what signal except Well, absolutely, and they're getting multiple signals the whole time, and it was so much fed speak coming out. And, uh, I guess you know, there's there's so much noise to be going through. But you know, the bond market is telling us one thing. Margie and the equity market another would you agree? Well, yes, but I think the bond market is reacting to the reality that the Fed has is keeping short rates very low, and also, they essentially are bowing all the long Treasury sucking up all the supply for long duration Treasurys, and that's keeping an anchor on long rates. And so there's really no way for investors to express higher inflations. Slower growth, higher growth, anything like that. So I think that it's really an off signal. And the question is, can the Said, Really get out of the corner that they paid and solve into with these very, very low rates. So you've got these fed presidents like Jim Bullard and Robert Kaplan calling for for tapering, Bullard said he'd started right now. Do they have the ear of the chair or not so much? I. It's really hard to say There are lots of actions to say, why are they.

Rafael A. Chia Ed Baxter 2019 William Turton Robert Kaplan Jim Bullard Doug NIH Biden San Francisco Congress Brian Anthony Fauci Bullard Williams Fauci NHK 6 today Olympic Games
"jim bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

07:41 min | 3 months ago

"jim bullard" Discussed on Bloomberg Radio New York

"Coming up with a congressman casting of a Democrat from Illinois, but before we get there I would love to get a sense of just how significant the move has been. As we hear Jim Bullard of the ST Louis Federal Reserve speak, I believe on CNBC and remain talking here about officially opening the Taper discussion, Basically putting a coda on this week of fed speak to basically say Yes, we are talking about tapering we will begin and how it's going to begin. Is really a big question. Now. These are pretty aggressive comments here. We did. See S and P futures dip about 10 or so points. It was already down about 10 15 points, stepped another 10 off of those headlines here, and I'll be interesting to hear. I mean, we're obviously working for Bullard, Of course. Speaking on another network, he's scheduled to speak at an event around 9 30 New York time but keep in mind. We're going to hear from pretty much all the Fed presidents here over the next 56 days. It will be interesting to see what they're willing to reveal about what went on. Behind closed doors of this past Tuesday and Wednesday and whether they share Bullard's vision here for maybe a little bit more aggressive pace of tightening and Taylor just quickly here. You're talking about the mortgage securities and potentially unwinding that first and we are seeing markets respond. To that. You know, the details are really important for where market pricing will go. Yes, you know, Bullard coming out and saying that they're looking at perhaps maybe looking at mortgage backed securities first, and you know, Lisa, we go back to December 2013. When Ben Bernanke Ben Bernanke first announced that Taper and originally it was an equal weight. 10 month he wanted to look at an equal weight of treasuries and mortgages. That appeared at that time to him to be sort of the simpler way in which to start this a very curious that we're getting comments this time around the 40 billion of NBS. Nothing yet so far around the 80 billion Treasuries per month, and we'll have more on that coming up right now. We are so lucky to have Congressman Sean cast in a Democrat from Illinois, joining us on the drumbeat to infrastructure, the drumbeat to cleaner energy congressman I'd love to start with this idea that there seems to be more of a consensus forming. On some sort of bipartisan infrastructure Bill. What's your sense of the shift that's allowed a greater consensus and perhaps more optimism around something getting done. You know, I hope you're right. We desperately need to upgrade our infrastructure. The I don't think it's surprising. Every member of Congress would like to see infrastructure projects to their district. I think the challenge that we have in this moment is to make sure that we do not forget about the critical importance of climate infrastructure in this piece, because As long as the red State blue state Red District blue District divide track so closely to where people live and where land is. That means that this huge win win of clean energy that is a wealth transfer from energy producers energy consumers. As a partisan tinge, and we just have to make sure not to let that quest for bipartisanship. Get in the way of doing what we have to do both for the environment and for our wallets. Yeah, well, the partisan tinge, of course, has been a huge roadblock for a lot of efforts out there to address some of these issues. Congressman, You have three proposals out there at least three that I'm aware of here to address some of those climate change issues. I'm wondering whether you can talk a little bit specifically about the one that's supposed to address some of the financial risk. That you see out there. Sure. Well, I was delighted. We just passed on the floor this week. My climate change Financial Risk Disclosure Act. Which essentially just says that the FCC is obligated to require all companies on a mandatory in consistent basis to report both their contributions to global warming and their exposure. As I'm sure you know. In 2010. The SEC developed voluntary disclosure, and last year that Trump led CFTC. Said that those disclosures were insufficient. We're not providing investors what they need, and so the idea is to get this out their level of playing field again that when we just passed on the floor this week And we will send off to the Senate. The the other proposals that we have are essentially follow from that, saying we need to understand the systemic risk that climate change poses to our financial system. Swiss re has said that on the course we're on. We're looking at an 18% reduction in global GDP from climate change. That's the business as usual case. Even if we make the Paris goals it's a 4% reduction in global GDP. CFTC is more or less matched those predictions for the United States. And some of that is negative loss. You know what happens to low lying coastal areas and properties that are associated with better there from hurricanes from wildfires, etcetera. But a big part of it is transitional because Everything. Every clean energy technology we build, lowers the cost of energy, solar panels, electric vehicles, geo thermal efficiency. It leaves more money in people's pockets. That's really disruptive to certain regions of the country. And, you know, as I told my colleagues Rising tides sometimes lift all boats. Tsunamis have a way of swamping something out. And so we're creating a tremendous amount of wealth. But where is it going to be isolated in our economy? On it. So these other bills are designed to say Let's have the Fed. Let's have our Prudential regulators understand where those systemic risk sit and then put appropriate guardrails to protect investors. When those movements inevitably start to come is indeed they already are. Congressman Shauna casting of Illinois. Thank you so much for being with us too short will get you on more next time to really dig into some of the infrastructure proposal. Really? Though there has been a market move in markets Taylor There's a sense here that there is a hawkish tilt that's getting more hawkish as we hear more rhetoric out of Fed members, James Bullard of the ST Louis Federal Reserve, not a voting member, but coming out On CNBC and basically saying he expects the first rate hike in late 2022. That's at least what his dots are showing. As you were talking more and more about dot dispersion coming into this meeting compared to previous meetings and again, sort of the key headline remains at Lisa. Within the bond markets, yields are no longer lower. We know Have a sort of come flat on the day as we look forward to maybe higher yields on the horizon. Some of the key statements to me I was just engrossed in the December 2013 release when Ben Bernanke was at the Fed running the Federal Reserve. They're really talking about that initial taper of the 85 45, reducing treasuries and mortgages by five billion each. To create a $10 billion taper and sort of remain reminds us about where we were in this cycle, announcing the taper following it up with the taper later and this is different. This feels like we thought that we'd get a big runway and this feels maybe sooner than we thought. It's definitely an acceleration here, and I think that's what's really being reflected The reaction to bullets. Comments here you talk about S and P futures, which have just dropped about 20 points or so and less than 15 minutes here. I think when you guys started this show Bloomberg surveillance at the six p.m. six a. M our here we were actually positive on the day you're seeing. Of course I am. Bid six a.m.. I can't remember six PM Who knows? You know, open close it all sort of blends together. You're seeing strength now in the dollar. Remember, the dollar was coming in relatively flat down on the day. You're now seeing a bit coming to that Lisa here. So again, this reassessment that we've been talking about all morning. I think, as we hear from more of these fed speakers that reassessments going to continue. Yeah, they're definitely does seem to be a hawkish tilt. And there's a question here. How much are we seeing dissonance within the Federal Reserve More Fed members pushing back against your own Powell's work on the.

Jim Bullard James Bullard 2010 $10 billion December 2013 FCC six PM Illinois Ben Bernanke Lisa Shauna Congress 18% CNBC NBS Bullard last year SEC Bloomberg Trump
"jim bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:46 min | 4 months ago

"jim bullard" Discussed on Bloomberg Radio New York

"Across the board here if you look at these futures contract numbers Hang Seng Index Futures up 4 10 7% China futures up to 10 7% You mentioned Australia Nikkei Futures 28,530. So that's just, uh maybe Some 200 points or so above the cash close yesterday. Yeah, we did have a very good day on Wall Street text their tech shares leading the gains in U. S stocks. Inflation fears appeared to be easing and bearing that out. Treasury yields moved lower. The yield on the 10 year was down a couple of basis points to 1.6% theon performance in Tech was pretty sharp, the QQ cues At 1.7% today. So that's the NASDAQ 100, The Equal weight Just 0.6% and the Cuse have underperformed since February, So a little bit of catch up there. We mentioned the Bitcoin surge. We had 10 out of 11 groups and the S and P 500 rising. Many economists and analysts are are warning that it may be a little too early to give the all clear on inflation. But weaker than expected data of late have helped stave off some of those concerns. We did have an interesting bit of cross currents from China. China is stepping up the fight against higher commodity prices, cracking down inflation. We know that but Premier Li Kit Cheung said yesterday he urged strengthening commodity imports and storage and too many that sounds like a contradiction. Also South Korea's consumer confidence in a three year high. That fueled optimism that consumer sentiment index up at 105.2 highest since June of 2018 and gold up at a four month high here, $1883 Tryouts, and that's a look at the market stuff. All right, Brian, thanks well on the topic of inflation here in the states, many Fed officials are kind of playing down the risk among them Governor labeled Brainard. She said it wouldn't be surprising to see supply shortages push prices up in the coming months. However, Brainard said, it would only be temporary and the Fed has the tools to deal with it. If we saw some development, pushing inflation up, I wouldn't expect that to get embedded in the ongoing inflation rate. Of course, if we did see inflation that moves persistently and materially above our goals and in a manner that also threatened tol have some impact on this long term inflation expectations. We have the tools and the experience to gently guide inflation back down to target and Think no one should doubt our commitment to do so now Brainer shares this view with Atlanta Fed Bank President Rafael Bostick. He says he's not seeing inflationary pressures as enduring With same time ST Louis Fed bank President Jim Bullard thinks will get fleshing above 2% this year and into 2022..

2022 Brian 1.6% Brainard 1.7% 10 $1883 11 groups 10 year June of 2018 Brainer this year yesterday 28,530 President 0.6% Jim Bullard today February 200 points
"jim bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:55 min | 5 months ago

"jim bullard" Discussed on Bloomberg Radio New York

"The bank's posting earnings. No one could have dreamed of just a year ago, and the S and P and Dow and NASDAQ 100 all reaching new record highs. Even the U. S Treasury 10 year barely blinked on the J and J News, with the yield picking up on Lee for a moment and then turning around and dropping the most since February. Double understand the market reaction or maybe lack of reaction. And we're going to a bar Wall Street Week Roundtable of Nancy Davis, chief investment officer at Quadratic Capital and also learned Landman. He is a portfolio manager for fixed income at TCW. So welcome both of you Let let me start with you. You were fixed income guy. One of the big questions. I think investors minds right now is inflation. Is it transitory Is Jay Powell tells us or could it be more troubling than that? If you look at the fixed income market, what do you look at the answer that question Well, I think it's very hard to know what to look at. In the sixties. People look at the Phillips curve and seventies, The theory of monitor of inflation was that it was monetary in all places you looked at him and to growth. Um, in the nineties, it was P star. There's been all different models, and none of them have really worked. Um, today we're in a We're clearly moved into a direction of This. This modern monetary theory. One of my favorite charts you can pull up on your terminal is just just charge. The budget deficit versus the growth of the Fed balance sheet is a one for one sort of item stuff. Anyone Thanks for not in modern monetary policy world. Take a hard look at that. On by think that given that it's gonna be very difficult to know whether inflation is going to be real or transitory, But as we increase the amount of government spending going on as we move from the government, re transferring money to individuals to actually spending the money themselves. I believe the price elasticity is will become will change and you actually see more persistent inflation, So that's something we're focused on is that either government spending does tend to be subject to more inflationary pressures, and they will also crowd out as they do infrastructure. They're going to crowd out traditional commodities like copper, lumber, steel. So Nancy, you actually try to hedge against inflation with your eyeball? CGF give us a sense. What do you look at an inflation because, in addition, one Lyric said, For example, you cook money supply. I mean, like him, too, I think has increased by more than 25%. Year over year. I mean, if you if you look at the data, and you look at what's happening in reality between the Fed having an average inflation target between having fiscal spending Between having the Fed, not even thinking about thinking about raising rates and we leave right now and relative to the rest of the world really exporting inflation now from emerging rocket companies and countries. I don't know why people wouldn't have inflation in their portfolio to me. It's sort of like, why would you? Why would you take a risk and take a bet to me? Inflation is actually a bigger risk to investors and a recession because if you think about what you know, not not not healthy, normal inflation, but if we had run away inflation That would decrease our purchasing power right? The cost of drugs the cost of housing the cost of travel, especially if we have a weaker dollar to me. I don't see why people are Thinking or overthinking it. I think you should just have a diversified portfolio. And just because we haven't had runaway inflation for many years doesn't mean we're not going to have it in the future. So learn. Pick up on what Nancy just said. What with the symmetry of the risk. I mean, we don't know what's going to happen, obviously. But what of the symmetry? Do you think there's a greater risk of out of control? They unmoored inflation or of distant place or even recession? Well, I was trying to be subtle in my first answer, so I'll be directing this one and just say, I don't think anybody has a good model of inflation. And I certainly don't think the Fed has it. So the notion that the Fed Targets of variable that they don't really have a model to understand. Seems a little absurd on the surface, So I do think it leaves the asymmetry and again. Just look at that chart that I mentioned before federal federal deficits versus the size of the balance sheets, do it across countries and we're clearly in a new monetary environment. S so I do think the risk is asymmetric at the end of the day that this new type of economic approach may result in inflation that we previously wouldn't have understood from our models and Nancy it was is that I wonder about is the length of time over which we will not know the answer. We had interview with Jim Bullard in the ST Louis Fed this week, and he said that we're not even gonna have numbers. We're gonna rely on inflation until the end of the year. As we get these c p a numbers and even PC numbers corpse, You see numbers. We can't trust him. Right now, because the base effects all those sort of things does that actually increase the risk because we're running blind for some period of time, assuming maybe contrary what Lorraine says. We have a model at all. I do think we have to keep in mind that all of these, whether it's C P I or PC, these air all indices right there, Their baskets of goods and services that you know the Fed officials, the Bureau of Labor Statistics. They're trying to do the best they can with the baskets that they've created. But it's almost like if you if you own the US equity market, but you have the Alan Jones Index and you just say I'm good. I got it, but you don't have the NASDAQ, or you don't have the Russell. I think they're watts of different ways to measure inflation. And David That's one of the things you know we tried to do with the eyeball utf is give Another measure of inflation expectations that's not linked to a government entity, creating an index for it. Thank you So much for Wall Street Week round table Lord Lamine from T. C.

Jim Bullard Bureau of Labor Statistics David Nancy Jay Powell Lorraine U. S Treasury Nancy Davis Quadratic Capital TCW February 25% this week 10 year a year ago J and J News Lee today Double US
"jim bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:21 min | 5 months ago

"jim bullard" Discussed on Bloomberg Radio New York

"Well, we got those numbers. We were expected. Their C P I never they came out and they showed a significant rise in prices, although most people expected none. No less than that here to take us through them is Bloomberg International Economics and Policy correspondent is Mr Michael McKee. So, Mike, we did expect it to be higher. It was maybe a little higher than survey but it wasn't shocking. It wasn't shocking, and it wasn't something to worry about. Senator Toomey was correct. We're seeing inflation, but it's not going to upset the Fed and it's not upsetting the markets. The C P I for the month of March comes in up 6/10 percent. That is the biggest game since 2009 and pushes the year over year number 22.6% almost a full percentage point higher. Then we had seen in February. The core rate leave out energy 1.6% on a year over year basis, and I said Lee about energy, because that's really the story of the March CP I numbers gasoline was up 22 a half percent. On an annual rate of 9.1% just alone in the month. The Fed and a lot of others expect that to go back down again. Food barely moved up 1/10 of a percent. That's up 3.5% for the year and you look at apparel. People thought maybe we got and buy more clothes to go back to work and go out in public as the economy opens up, but All prices down 3/10 of a percent there down 2.5% for the year. Is it something to worry about? The Fed says it's transitory. And as you can see there, there's the overall numbers the overall numbers as I mentioned 2.6% in 1.6%, and because we saw a big decline in April and May They will go farther down in the next We'll get inflation higher up rather so I wanna put it in the next two months. But when you look at what's happening in the markets, the reaction in the financial markets has been very muted. The of the forward rates for anticipated inflation have basically not moved on the day, which basically shows us David that C p I ratified with the markets have already decided is going to happen and didn't scare them it all Michael, I guess, as I look at these numbers, I ask myself, Do we know where we are? We've had to put it mildly. An extraordinary year, the likes of which we've never seen before. And we've heard from James Bullard. The Sing Louis Fed president yesterday, saying, You know, we really can't tell where of inflation until the end of the Year. These numbers really aren't that meaningful. Does that bother is that we aren't quite sure where we are. If it isn't bothered because they do think that they have the tools to control inflation. If it doesn't go back down, they can step in front of it soon enough to keep it from accelerating tremendously. It took years from the 19 sixties into the seventies to get a really high inflation rate. And so they're not too concerned about that. We're going to get this higher inflation the next couple of months. Because of what happened last year and then because of what happened last year, inflation is gonna go way down. So Jim Bullard is right. The rest of Fed agrees with him. It'll probably be the end of the year before we get some kind of clean. Read on what prices they're doing. That's going to take an awful lot of patients on all our parts. Michael, I hope we're up to it. Okay. Thank you so much to Bloomberg's and Michael McKee. This is balance of power on Bloomberg Television and radio. Start your market whether you're having a not moving off the couch while you watch the game kind of day or in no time between conference calls.

Jim Bullard Mike February James Bullard 2.6% David 2.5% Michael April Bloomberg Television 9.1% May Bloomberg 1.6% 22.6% Michael McKee last year 3.5% yesterday 2009
"jim bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:21 min | 5 months ago

"jim bullard" Discussed on Bloomberg Radio New York

"Are counting down to bank earnings were watching that but we're also constantly Kathleen and I want to bring you in constantly keeping an eye on inflation. We certainly are because we know that for the Federal Reserve, it has two things that has to see to even think about thinking about raising rates, taking away any of this extraordinary stimulus. And inflation is one of those two. So, speaking to Jim Bullard today, Princess ST Louis fed his mentor since 2008. He has really been one of the leading thought thinkers, in my view, and the Fed and there were so many things I was eager to speak to him about. But one of the things I want every fed person to define for us is you're not going to do anything. You know you've got the pandemics under control is Jim Bullard said today until we're through the pandemic tunnel, So, Jim, I asked him what's the pandemic tunnel and he actually gave me some specifics. Getting when you start to get 75 or 80% of the people vaccinated and the CDC starts getting more hopeful message is that we're getting a better under control and starts relaxing some of their guidelines. He thinks the whole calm you'll gain confidence. So I think besides watching inflation, that's some of things one of things we have to watch. But I'm sure table agree, CP I tomorrow a big deal. All right, And then you do actually have some sound from him Speaking about inflation, let's listen to Mr Bullard. I think there will be more inflation and 2021 than what we've seen in recent years on. I'd like some of that to flow through to inflation expectations so that inflation expectations become better centered at 2%. We've missed our inflation target to the low side. Really most of the time, says 2012. S o. We want to re center. Inflation expectations that 2%. This is an ideal time to do that. Well, I asked, you know, it's interesting, Carol because we made over the past decade, the Fed is only occasionally got of that 2% target. But the problem is now The dumber is going to be very distorted this whole this whole year, practically right Because of the last year prices fell a lot. So you're over your comparisons going Super strong. Why not? Look, one thing numbers? I asked him that. Well, we will, but you know, they're very noisy. So you kind of wonder, And I think Bill Dudley, former New York Fed bank president has has told us on TV and radio that the risk is the Fed waits too long to acknowledge when things really are picking up. And when you have records stimulus on top of extraordinary monetary stimulus, right thing. Maybe that could be a game changer, folks. Yeah, listen, and it's the possibility is not like you. Flip a switch Inflation up, you know, or flip it down, inflation down. Hey, Dave Wilson, come on in on this. So this is our backdrop. We had Jay Powell on 60 minutes. I know all of us watch that. Um, Equity trade. Charlie working through the numbers were back off our highs here and we're down across the board. It looks like yeah, not a whole lot of direction. And you write the bank earnings in a couple of days. They certainly Lou Marge. J. P. Morgan, Goldman Sachs, Wells Fargo all due out Wednesday, and when you think about inflation, I mean, it really becomes an issue in terms of company's ability to maintain their profitability because of their costs of we're going up. Then the question is, Are they going to be able to pass along those increases to customers or they're gonna have to take the hit? I mean, that's going to be an issue watch, especially as we get through first quarter results, and companies talk about the prospect to what extent are higher prices are concerned for them. Do they think they're in a position to be able to deal with that? Those are going to be key questions. As we get all these company results in the next several weeks. Listen, let's talk of a deeper Dave Big banks. It's a big deal this week, and JP Morgan kicks it off with a few others starting Wednesday, But then they'll Continue through the end of the week. That could tell us a lot about visibility. Outlook Market environment. Oh, no question. I mean, by the time you get through the end of the week, you're basically have the Big six already mentioned JP Morgan Goldman Wells Fargo Wednesday. You get Bank of America and Citigroup Thursday and Morgan Stanley on Friday. Yeah, plus a couple of other pretty substantial financial companies to Black Rock and Charles Schwab. Thursday s Oh, you really are going to have your perhaps Ah, better handle not just on the financial industry but also in the broader economy. I mean, that's One of the takeaways from Jamie Diamonds letter last week to what JP Morgan shareholders his house. He's seen the economy and there will no doubt beam or that kind of commentary as we get through the results. Yeah, that's what I'm always looking for His outlook. What do the CEOs have to say? Having said that, Kathleen we did hear from Jay Powell. The 60 Minutes interview did air on Sunday, but they taped it on Wednesday, which was before think some comments he made I forget where he was speaking last week, but there was I think the day after anyway, Was it anything? Jay Powell didn't answer for you. Oh, well, I think that margin Bullard. Well, James alert all tight. Let's start there because I want to know. Okay, I know you don't know if you're gonna taper and you're probably gonna take her for a long time. But what do you watching right? Nobody learns that question. Carol Jim Bullard, who was very out spoken, said he did not want to initiate this talk ahead of the palate. He's got the Fed chair. Do that. Mary Daly prisoners saying San Francisco Fed told me the same thing last Thursday evening, when I talked to her seems to me there's been a one up him, right. It hurts, but I know but Can't you just say yet? Okay. Someday here's help, you know. Well, First we look at this. Then we'll look at that. Regardless, honey, you'll get your allowance when you clean your room and take out the garbage.

Jim Bullard Dave Wilson Citigroup Bill Dudley Jay Powell Jim Wells Fargo Goldman Sachs Kathleen Bank of America Morgan Stanley JP Morgan 2% Sunday Friday Charlie Jamie Diamonds 75 Carol Jim Bullard 60 minutes
"jim bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:53 min | 1 year ago

"jim bullard" Discussed on Bloomberg Radio New York

"In hybrids the goal is to salvage a strained alliance and whether a collapse in car demand so that's the big news headlines of the day let's find out what's happening in financial markets is the Asian trading day gets under way with Bloomberg stud prisoner Doug you know fed looking at your curve control what's next do you have that sort of interesting question although Jim Bullard was basically saying that it's too soon to kind of go to that territory in spite of what Mr Williams there was saying I want to begin with the crude oil space because WTI is down a bit in the electronic session we're trading thirty two twenty seven right now an industry survey showing a surprise jump in U. S. crude stockpiles last week and we should also point out these lingering doubts about Russia's commitment to maintaining production curbs we're down about one point seven right now one point seven percent in the electronic session we heard from H. P. ink after the bell company reported a drop in quarterly sales revenue was off by eleven percent to twelve and a half billion though shares are weaker by more than four and a half percent interesting today that the CEO of American Airlines sought to shut down the persistent rumor about this carrier being forced into bankruptcy given its heavy debt load Doug Parker was saying essentially bankruptcy is failure and his company is that not going to do that what a rally we had in other banking stocks today especially the regional lenders the KBW bank index was up about seven percent today S. and P. above three thousand now and above the two hundred day moving average with the game today of one of the half percent the Dow today was better by two point two percent nasdaq comp rising by eight tenths of one percent I'm Doug prisoner at the Bloomberg interactive brokers studio in New York Kathleen all right thank you so very much you're going to get on to a look at the big global.

Bloomberg New York Bloomberg interactive brokers KBW bank H. P. U. S. Dow Doug Parker American Airlines CEO Russia Mr Williams Jim Bullard
"jim bullard" Discussed on WHAS 840 AM

WHAS 840 AM

02:45 min | 1 year ago

"jim bullard" Discussed on WHAS 840 AM

"We talk to the lan portion scales for CBS news poll violence to talk about the average American man who is chase down by two white men in Georgia and shot and killed the latest on this story and what authorities did or didn't do that they should have done bottles of talk to us about that at six forty five time now produce better money let's head over to our Bloomberg money updates and recording down we're waiting to see a federal reserve chair J. pal gives any signals about what he'll do next pal speaks nine AM New York time he may call for Congress to do more to combat the possibility of mass bankruptcies and long lasting unemployment stock futures are higher ahead of that senior officials at the Federal Reserve are warning that the virus slid shut down of the economy could trigger a decline of historic proportions St Louis fed president Jim Bullard said there could be business failures on a wide scale that may prompt to new depression the St Louis fed district includes parts of Kentucky uber is said to have made an offer to acquire grub hub a move that could combine two of the largest food delivery apps in the US the company's could reach an agreement by this month and the parent company of Louisville slugger said it put one hundred seventy one furloughed employees back on the payroll I received a loan from the small business government program the bat factory has been idled for nearly two months the company said the cash infusion was instrumental in restoring about ninety percent of its work force to the payroll with the news radio eight forty WHAS Bloomberg money report I'm Corning Donahoe I heart radio goes one on one with Carlos Santana to discuss how passion contributes to Santana's longevity by the grace of god you know we have not lost the passion five as they said before for some reason a lot of musicians are age they reduce the self the embers you know somehow we go into the room here tornado fire it's like why she I loved the passion in the willing to play that note with the intensity of the church if you die getting that note then guys started that you get it you know in the south like that because you can get a sound like that unless you're willing to put all of it in it to to the point of like if you get a stroke by getting it then get the stroke no end to the collective sound of each musician when we play like that people are going to feel it keep listening to I heart radio for more Santana and all your favorite artists getting out this morning with rain around Kentucky and hydroplaning a possibility already have an accident.

Georgia J. pal Congress Federal Reserve St Louis president Jim Bullard US Carlos Santana CBS Bloomberg New York Kentucky Louisville WHAS Bloomberg
"jim bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:02 min | 1 year ago

"jim bullard" Discussed on Bloomberg Radio New York

"I Brian Curtis in Hong Kong let's get you caught up on this hour's top business stories and the markets St Louis fed president Jim Bullard says if the shutdown process you'll get business failures on a grand scale and you'll be taking risks that you could go into depression tomorrow we're due to hear from chair Jay Powell Bloomberg's Michael McKee has a preview how low US interest rates can go is one of the issues Powell is expected to address the fed chairman has consistently rejected negative rates a message echoed by many of his colleagues this week gets fed funds traders are pricing in the possibility the central bank will cut its policy rate below zero president trump also weighed in tweeting the country should receive the gift of negative rates how likely will reiterate the central bankers arguments that negative rates don't accomplish much penalize savers and would harm money markets Las Vegas sands is dropping its pursuit of a license in Japan the company has been trying to expand to Japan since at least two thousand five but sources say management objected to some terms of the casino legislation one of the biggest stumbling blocks was that the concession would be good for only ten years China is stepping up purchases of soybeans from the United States sources say Beijing is trying to meet its pledges under the trade deal with Washington Byers said you have purchased a million metric tons of American soybeans over the past two weeks let's get a check of the markets the acting index is trading flat here at the moment the Nikkei off seven tenths of one percent CSI three hundred in China is down about a half of one percent Dalian one oh seven twenty three and taking a quick look at the bond market the yield on the ten year treasury note sixty five basis points WTI crude twenty five fifty six down about nine tenths of one percent global news twenty four hours a day live and it could take by Bloomberg brought to you by twenty seven hundred journalists and analysts in more than one hundred twenty countries in all gong I'm Brian Curtis this is Bloomberg this.

trump fed Hong Kong Bloomberg Washington Byers Beijing China Japan Las Vegas sands Brian Curtis chairman US Michael McKee Jay Powell Bloomberg depression Jim Bullard
"jim bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:23 min | 1 year ago

"jim bullard" Discussed on Bloomberg Radio New York

"The bottom line is very simple we are fighting for a better bill because this bill will have an effect for a very very long time senator Chuck Schumer says the measure is partisan Majority Leader Mitch McConnell is pushing Democrats to reconsider their vote result of what the Majority Leader of the democratic leader just did was to prevent us from voting right after the markets open in the morning and allow the markets would be rattled until noon McConnell still pushing to get the bill passed today with another vote this morning meantime the National Guard is ramping up its fight to contain the outbreak the federal government will be funding one hundred percent of the cost of deploying National Guard units to carry out approved missions president trump is deploying more than seven thousand troops to aid to your California and Washington so far there's been a backlog in testing for the virus vice president Mike pence says that should be resolved by mid week at this so days reporting two hundred and fifty four thousand Americans have been tested and receive results in corona virus test with a slightly more than than thirty thousand actually testing positive more Americans are being isolated this week nonessential employees in eight states are now required to stay at home as deaths in the U. S. climbed to four hundred the economic fallout could be dramatic with nearly a third of Americans out of work that's according to St Louis fed president Jim Bullard who spoke exclusively with Bloomberg's Steve Matthews via phone today thirty first on a rainy season thirty percent of the labor force could be unemployed in the second quarter yeah so it also predicts a fifty percent drop in second quarter GDP he says everything is on the table when it comes to the fence supporting the economy and markets Neil Kaskar is also painting a grim outlook for the economy my base case scenario is we will at least have a mild recession like after nine eleven the worst case would be we have a deep recession like the two thousand eight financial crisis we just don't know right now speaking to sixty minutes on CBS the Minneapolis fed president says the central bank still has plenty of ammunition to avoid the worst outcome were moving much faster than we moved in two thousand eight we're being more aggressive is there more we can do yes is there more we may end up doing yes but I think we're being very aggressive.

Jim Bullard president Minneapolis CBS Neil Kaskar Steve Matthews Bloomberg senator Chuck Schumer St Louis Mike pence vice president Washington California National Guard Mitch McConnell
"jim bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:15 min | 1 year ago

"jim bullard" Discussed on Bloomberg Radio New York

"Leader of the democratic leader just to was to prevent us from voting right after the markets open in the morning and allow the markets would be rattled until noon both chambers of Congress disagree on how to spend nearly two trillion dollars in stimulus McConnell still pushing to get the bill passed by today with another vote this morning well maintained the National Guard is ramping up its fight to contain the outbreak the federal government will be funding one hundred percent of the cost of deploying National Guard units to carry out approved missions president trump is deploying more than seven thousand troops to aid New York California and Washington so far there's been a backlog in testing for the virus vice president Mike pence says that should be resolved by mid week at this days reporting two hundred and fifty four thousand Americans have been tested and receive results in corona virus test with a slightly more than than thirty thousand actually testing positive more Americans are being isolated this week nonessential employees in eight states are now required to stay at home as U. S. deaths climbed to four hundred in the economic fallout could be dramatic with nearly a third of Americans out of work that's according to St Louis fed president Jim Bullard who spoke exclusively with Bloomberg's Steve Matthews via phone today home or anything thirty percent of the labor force could be unemployed in the second quarter he also predicts a fifty percent drop in second quarter GDP he says everything is on the table when it comes to the fence supporting the economy and the markets Neil cash cari is also painting a grim outlook for the economy my base case scenario is we will at least have a mild recession like after nine eleven the worst case would be we have a deep recession like the two thousand eight financial crisis we just don't know right now speaking with us sixty minutes on CBS the Minneapolis fed president says the central bank still has plenty of ammunition to avoid the worst outcome we're moving much faster than we moved in two thousand eight we're being more aggressive is there more we can do yes is there more we may end up doing yes but I think we're being very aggressive.

Jim Bullard Neil president Minneapolis CBS Steve Matthews Bloomberg Congress St Louis Mike pence vice president Washington New York California National Guard McConnell
"jim bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

04:00 min | 2 years ago

"jim bullard" Discussed on Bloomberg Radio New York

"Always nice to talk with you Karl especially on a day where this jobs report in particular seems to be getting a lot of the markets notice. Especi-. After fed chairman Powell's comments earlier this week where he seemed to signal an openness to rate cuts. What are you going to be looking for ahead of the release? Well, first of all, good morning, and this will be a very important jobs report. The last couple of months have been more of a theme of watching to see if labor cost pressures were started to build in the economy now with the unemployment rate below four percent. And of course, that continues to be an underlying theme of the job state of, but more importantly, now, we have some fed officials saying, they've overdone it with the rate hike in December. Jim Bullard of Saint Louis advocating for a rate cut. And then we watch more centrist policymakers to see where they are falling on the issue. And, and it seems to be that they really are being patient and kind of dragging their feet with respect to the need to cut rates that being said, if we. Happen to get a weak jobs report in that could be a confluence of numbers, whether it's week wage creation, a payroll, stall or a backup in the unemployment rate that would then intensify the calls for the fed to take action soon. And that has certainly been the trend in the markets with a lot of forecasters moving towards coals for rate cuts as early as June meeting, a lot of folks looking for cuts in the back half of the year. The fed seems to be resisting that for the time being, but the jobs report could could change the trend ahead of the jobs report itself. Or have you seen signs in the data that could point to that weakness that could possibly be reflected in what we see later on this morning? Well, what we're really watching four is evidence of hesitation from businesses. In terms of hiring, as we look at the twenty nine thousand nine hundred outlook, it really looks like this year is going to be similar to many prior years of this cycle where. Consumers are dominating the growth landscape. That means we need to watch what's supplying consumers motivation, and that's largely job creation and wage gains. If it looks like the hiring engine is wavering. Then that would create real questions about the durability of household spending later this year. So I think as we look at today's jobs report, there's always lots of moving parts but really the payroll change is going to be the key focal point. And we've seen some weakness in factory sector data. Whether it's durable goods orders the manufacturing ISM, industrial production, we need to see if the goods producing part of the economy is still creating jobs, and there's been some signs of weakness, as of late, is the services sector still relatively isolated from trade concerns. Well, if we look at what happened in the services, I assume it did look like there was some firming and conditions at least employment. Conditions. In the month of may. However, the, the reach of the manufacturing sector and a lot of economists site whelming, factoring only accounts for about ten percent of the of the labor market and ten percent of the broader economy, but the roots of the manufacturing spread foreign wide, and there's a lot of the service industry that is tied into manufacturing. And so if manufacturing is heading towards the contraction or prolonged weakness, that the service sector is not going to be immune. All right. So only about thirty seconds left here. The median forecast, I guess, is one hundred seventy five thousand jobs added. What is Bloomberg economics? Bloomberg economics on the weakness in the ADP survey earlier this week we trimmed our forecast to one hundred sixty thousand that still is enough to keep..

fed Bloomberg Powell chairman Karl Jim Bullard Saint Louis ten percent thirty seconds four percent
"jim bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:39 min | 2 years ago

"jim bullard" Discussed on Bloomberg Radio New York

"This is Bloomberg, Doug. All right. We're at eight minutes past the hour. And our guest for the half hour is Mikio Kamata. He's executive director, also the global strategist at L capital partners Asia, joining us from our studios in Hong Kong Mikio. It's always a pleasure. Kathleen, and I were talking earlier about the degree to which the risk off sentiment now being expressed in markets was pretty dramatic in terms of US treasuries. Do you think there was a bit of short-covering going into today's session, which is to say that a lot of people in the? Market didn't really feel as though we were going to come to this point in US, China trade. And maybe they were they were short bonds. Yeah. I think that might have been, it's definitely not so much the economics behind it and the geopolitical sentiment and perhaps a little bit of noise there. That's this. I believe. So, yeah, I guess I guess it's, it's, it's certainly not fundamentally justified to that extent. I think well that's a big question. I think because investors central bankers, happy forward-looking and geopolitical, noise got pretty loud. The last few days, no-one, the big the big escalation, the terror for we have. Now, the election's, of course. Italy empowered to really stand up against the e u Nigel Farraj ready to go for the hard Brexit. He's going to have an influence potentially on the next pm prime minister seems that even if you're kind of looks good now and US super confidence jump today. You're worried about future. Well, that's true. But, you know, the, the political side always looks ugly in the show to them that it plays out in well, load always, but in most cases, looks ugly and the show, Tim that Lord's airman the treasury curve, or, or any yield curve should be reflective of what will happen to stuff like too boring stuff like inflation in central Bank policy. And I think as far as the fed is concerned, the messaging is very clear that they're looking at the yield curve, and they're worried about the flattening, vague. Nah, let alone the potential inversion and inversion that loss, I believe. Jim Bullard himself is particularly sensitive to that because he was staff economist when Bernanke to office and his first speech was the yield curve. Inversion doesn't really matter much that was. When lost the yield could've inverted side believe they're, they're very sensitive to adjusting policy, if they see sentiments sour because of all this year political issues that you mentioned, and they will step on the gas, if they need to. But the war of words between the US and China. I mean, things are not simmering down clearly. They're becoming more elevated. I mean is the real risk here that things get out of control a? Yeah. Well up -solutely, obviously, that's the real race gripe. But I wouldn't necessarily see China's escalating, they said, I mean, you have the, you know, communist party mouthpieces, and pay perform saying, things that sound a little bit. Let's say North Korea issue with, with some vitriol there and you have the media talking about long March. Which is something where nine out of ten Chinese communist died. By the way, so I'm not sure that's a good slogan to us. Yeah. I mean, you know, but, but the, the key point is the Chinese government key officials are actually keeping a low profile, which I think is very wise. Okay, wisdom, we'll continue with wisdom Mikio commodity of Elchi capital partners coming up. This is Bloomberg after graduate..

US executive director China Hong Kong Mikio Bloomberg Jim Bullard L capital partners Asia prime minister Doug fed Elchi capital Kathleen Chinese government North Korea Nigel Farraj Italy Tim Bernanke
"jim bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:33 min | 2 years ago

"jim bullard" Discussed on Bloomberg Radio New York

"The rhetoric may have changed. But the deal has not may as scheduled to meet with several more ministers smartphone app developed by Japanese police is being widely downloaded by women trying to protect themselves from gropers impact. Rush. Hour trains the digital. Police has a repelled groper icon with a voice that repeatedly says, please stop and then sends a message there is a groper here. Please help in San Francisco. I'm Ed Baxter. This. This is Bloomberg. Brian, thanks very much. We are joined in our studios in New York by Jacobs, head of research, and strategy at global, X management, Jay on the one hand investors are pretty defensive here. You got consumer Staples and utilities leading and have been for a while. But investors are also buying secular growth as quite interested to see that MasterCard visa and AmEx all at all time highs. Is this a viable strategy for the moment yet? Well, I think investors that are really worried about volatility are certainly getting defensive, but there's also opportunities for growth in these more domestic oriented companies, we've seen fintech firms, do very well this year that are really benefiting from mobile payments in the US from increased spending in, in small businesses. So people are really just getting much more tactical much more refined about how to play this market. Why have they come to be like that any of you say, well, you have these pressures that are just really disproportionately affecting the market in different ways, so trade wars, and China Brexit Indian elections, European elections. All these forces are really impacting different companies in different ways. And you're starting to see a big divergence. So the last eight or nine years, it's been a bull market really led by just kind of major indexes. Now, we're seeing more refined opportunities for growth and people have to get more narrow Jay. We heard from Steven Englander. There are few moments ago, saying that investors still position for a deal trade deal. But given what we've heard here in the last two weeks in particular, you think investors would be wise to start actually discounting the chances of no deal. What we're seeing in some segments of the market, you know, heightened risk that there is no deal, right? What we're seeing in the chip companies right now is this is this real risk of no deal happening, and higher walls, being built between the US and China. So it's. It's interesting to see that the chip makers are reflecting less of a deal and the rest of the market is still saying, hey, we think deal is going to happen. I think the chip makers are actually being price more effectively in the sense that I do think there's more risk now than the market is reflecting actually J. When do we actually see signs of a no deal being priced in? I think it'd be a pretty substantial off. I mean, just think about how much of the economy has grown over the last few years based off of this idea of, of kind of non US growth happening in emerging market markets happening in China using global supply, chains all of that starts to go away. If there's no deal here. So it really starts to impact earnings. It really starts to make valuations look very expensive. And so no deal really could be an impactful selloff. Jim Bullard told us on on our radio interview yesterday in a sense, no put for you. He said, basically, the fed wasn't prepared to do anything because who knows you could have a deal trade deal a day, or two later, yet, the feds are really difficult. Spot because they can make a policy mistaken, either way, the economy could be much weaker than we think it is. And there needs to be cut that the market's not bracing in or actually a trade deal happens. And, and there's a neat actually increase rates. So they're very.

US China Jim Bullard Jay San Francisco Bloomberg Ed Baxter Steven Englander New York Brian head of research Jacobs nine years two weeks one hand
"jim bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:42 min | 2 years ago

"jim bullard" Discussed on Bloomberg Radio New York

"Going to war. This is about contained to protect our interests in the Middle East, and conducting the missions that there we are there to perform Robert Mueller is balking testifying publicly before congress. He's offered making a public statement before the committee questions him in private former Trump attorney, Don Mcgann did not show up for his schedule hearing before the House Judiciary committee. Today, chair, Jerrold Nadler short, the president took it upon himself to intimidate a witness who has a legal obligation to be here today. This conduct is not remotely acceptable saying that this act alone amounts to administration. Obstruction 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. In San Francisco, I'm Ed Baxter. This is Bloomberg. Alright ended the bottom. Of the hour on daybreak Asia. We're going to be speaking with the president of the Saint Louis fed Bank, Jim Bullard, who will be joining us from our studios in Hong Kong, our guest for the half hour, Carol life. She is deputy chief investment officer at abbot downing investment advisors. Always a pleasure, Carol boy, these markets have been difficult to navigate for sure. What is your sense as to where things stand right now? You could really interesting actually if you step back and think three weeks ago, the markets were acting like trade was was a done deal in the bag nothing to worry about, and all of a sudden you can watch it to your point volley back and forth back and forth on every, every tweet every news. Really? So it's pretty interesting just watching that play out, but, but it's not very productive from a portfolio management standpoint to obsess about it. What about obsessing over the dust at because, as you say yourself, that's Spain a little bit muddy as well? Yeah. I think the most important data point to try to get head heads wrapped around is business confidence. They which translates into hiring it translates into capital expenditures, that translates into do they undergo a new marketing campaign to? They try transact do they engage a new research and development activities, which then sustained long term employment and leads to consumers confidence in spending an employment in a lot of factors that way, so that it all comes back to how confident is business and the trade wars, the muddy data makes business less confidence. It also makes it a more challenging environment for the fed, as I mentioned, we're going to be speaking to Jim Bullard at the bottom of the hour from Saint Louis, fed Bank. Is there one question you have for the fed right now? I think the question I have is more for the markets relative to the fed because the markets seem to be implying. The fed only has two two levers, raise or lower in has three mandates rather than to with the third mandate being paying attention to market volatility, and for all intents and purposes, from the different fed governors that I've heard interviewed in seeing transcripts of speeches and all that they've done. There's still focused on maintaining a full level of employment and watching inflation, not necessarily as worried about market volatility as investors seemed to imply so that question of will the fed incorporate market volatility into their decisions or is that still sidebar kind of issue would probably be a single question. So Caroline, ten seconds. Do you think it's misguided for the market to assume? The next move.

fed Saint Louis fed Bank Jim Bullard fed Bank Carol boy Jerrold Nadler Robert Mueller officer president Middle East House Judiciary committee Twitter Don Mcgann Asia San Francisco Spain Trump congress Bloomberg
"jim bullard" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:57 min | 2 years ago

"jim bullard" Discussed on Bloomberg Radio New York

"Just need to fix that. It's fine. It's all under control done done. But I think one key takeaway from the decline in the rate is that it is now below the feds targets for the year end and the fed will need to reconsider. You know, what what they're thinking about how much progress the labor market has made. And maybe they were there a little bit of a pessimistic about everything else in their forecasts. All right. We are awaiting a conversation between our own Michael Mckee and Cleveland fed president Lauretta Mestre, Alex, Harris, come. On in here. Give us your take on how the market reacted to this jobs report. So I think the word of the day. I keep kind of coming back to here is efficacy. And I think the market is sort of at a point where they're questioning where we talk about data and the fed bean data dependent, and what's going to move the needle in the markets that the jobs report might not be it. And I may even talking with everyone who was looking for for the changes in wage growth. I mean, we, you know popped up real quick in terms of yield, and then kind of came back down, and we've been there the fed funds rate. You know, there's no rate hike. Now priced in fully priced in for the twenty nineteen. It's been pushed up to the first half of twenty twenty you know, any changes there, we think was more of a reaction to you know, the the the tweak to the interest on excess reserves rate because we finally saw those numbers today and where the fed funds set with the new with the new. Adjustment. So you you have to wonder, okay. Their data dependent banal what's the market gonna care about? And I think that's what we're trying to figure out. Well creek towards has a great story on the Bloomberg today just talks to fed officials have now kind of laid out the case for a possible interest rate cut, and this is just what two days after Jay Powell said there's no reason to move rates in either direction. So we're talking about Charles Evans of one of them one of them, Jim Bullard. So I don't know. Charlie Charlie can hear you laughing. Now. Charlie Evans has been talking about this for quite some time. Actually, we the event in New York, Charlie Evans, lake about a few weeks ago was talking about you know, if inflation false two one five they will need to do something. So he's one of the most dovish member members of the FOMC. So it's not surprising. Jimmy Bullard has been on hold. So to say for quite some time. So that is not surprising either. But these two very well respected, economists, they don't represent the core of the committee of the core. Route commuters Decem, Alex. So I'm sitting in Carol seat today at everybody sits.

fed Charlie Charlie Charlie Evans Jimmy Bullard Alex Charles Evans Michael Mckee Jay Powell Jim Bullard Lauretta Mestre Bloomberg Cleveland Carol president New York FOMC Harris two days
"jim bullard" Discussed on WAFS Biz 1190

WAFS Biz 1190

03:55 min | 2 years ago

"jim bullard" Discussed on WAFS Biz 1190

"One one B E S T or PW street duck. Com. Back here. Second quarter of the best stocks now radio hour. Well, let's take a look here. What else is happening quite a bit. Actually busy day in the news feed here in the market today. We are getting green on the screen still, and we are seeing some health coming back into a market. Sure got the flu over the holidays. You know, actually started in early October and just kind of. Kept going down from there. And some really really wild wild wild action finally settling down a bit. What about recession risk? Yeah. You know, what most? Of the economists study in the economy and all of the signs and all the tributaries that lead that flow into the US economy. They're still not much talk really of a recession around the corner. The Saint Louis fed president Jim Bullard says the central Bank could push the economy into recession if that persist. With the rate hike cycle. I'm sure President Trump would agree for that. But Bullard has been a consistent voice against further tightening. For quite some time the differences is this year. He has a vote on the F O M C he thinks that the Fed's current numbers are a little bit too hawkish. I think maybe we'll see the fed back off in two thousand and nineteen from well we've heard to rate hikes. We've heard any we've heard four that's probably not going to happen. We've heard too. And now we're starting to even hear zero rate hikes in two thousand and nineteen. I'm sure President Trump as he gets ready for a presidential a bruising presidential campaign where he'll be vying for re-election does not want to see a recession. And of course. Keeping interest rates steady. I'm sure he's a big fan. A big proponent of that mortgage applications up a little bit as rates eased the thirty year mortgage right now at four point seven four it was four point eight four and that has perked up the mortgage application business just a little bit. I've had a couple of clients sent me an article vanguard, which is a pretty big player in this industry. They're going to stop accepting purchases in leveraged and inverse in vestments. So the leverage two-to-one Dow to the upside the leverage 2-to-1 Dow on the downside and even just the one to one correlations like s h and dog beginning January, the twenty second vanguard. Will no longer accept purchases in leveraged or inverse, mutual funds or ET apps or ET ends. They say they are making this change because these products and services do.

Jim Bullard President Trump Fed Dow flu US president Saint Louis twenty second thirty year F O M C
Emerging market woes weigh on stocks, China deadline looms

Bloomberg Businessweek

01:35 min | 3 years ago

Emerging market woes weigh on stocks, China deadline looms

"It's time for Kathleen Hayes, global economics and policy editor for Bloomberg news in our Bloomberg eleven three s studio here in midtown Manhattan. I love animals too. They say animal prints are going to be in in style is season. I say what are they saying? Is it always in style? Mom, raising her, right? Always. Carol master, you raising that girl, right? All right. The bond market the bond market is not wild today. Okay. Despite prints that we're all discussing up, but there's so much going on. I think if you're you're just sitting tight. What are you waiting for come on? You've got emerging markets to decline so much though. The Bloomberg news is now writing stories about developed economies with emerging market characteristics. Italy's? This just continues and continues Argentina's supposedly is best bet to get out of its mess is this know this expert on taxes on farm exports thirty year bonds down a quarter point heels at three point seven ten year note, flat two point nine zero right in the middle of the range. Trade huge deficit big with China. Canada's is trying to negotiate this intense deal with the US trade surplus with US widens to the most since two thousand eight that's the headline on Bloomberg news Jim Bullard in town, saying something he's been saying for a while. He thinks the flat yield curve is a signal that that that may be too restrictive. He said this over and over and over again, he's a guy who says, you know, we really don't need to do much more about where we

Bloomberg Bloomberg Economics Jim Bullard Tim Wahidi Kathleen Hayes FBI Manhattan Wall Street Journal American Express Italy Carol Master China Editor United States Kp Morgan Argentina Canada Treasury