22 Burst results for "Julia Coronado"
"julia coronado" Discussed on WNYC 93.9 FM
"Now help us better understand this company that will trade under the perfect ticker symbol C o i n coin. That is perfect and David mostly people by digital currencies like Bitcoin on Queen Base, and the company's really positioning itself to be at the center of a new crypto economy. Emily Choi is the president of Coin base, and she says her firm looks at the big picture. We believe that in the same way that email was the digitization of information as you and I sent emails now and used to send each other snail mail. Crypto is the digitization of value. Our focus is on furthering that mission. It's not about trying Tol think about what point in the market we're in or anything like that. No. But Nancy. What about the short term here? Coin basis. Short term growth will mostly be dictated by the price of Bitcoin and how much Bitcoin people buy. And right now, the price of Bitcoin is soaring. It hit a record of over $63,000 yesterday, and it's more than doubled this year. There's a huge valuation here. Yeah. NASDAQ gave coin base a reference price of $250 a share, and that puts Queen basis value at about $65 billion, but it is expected to open even higher than that. Nancy. Thank you. Bitcoin is up 2% at $64,100 stocks, The A X stock indicator and Amsterdam is up 3/10 percent. Now what happened to the footsie in London will still there. But post Brexit Amsterdam is now the top place for stocks in Europe Here s and P and Dow futures are up just slightly. The NASDAQ future is up 3/10 of a percent. Wall Street titan Goldman Sachs posted record profits today and the biggest of banks. JPMorgan Chase today reported profits January to March five times higher than a year ago. In part because of strong economy, stronger economy means fewer loan losses and more significantly to the bank. Less of a need to set aside capital in case lots more loans go bad. And there is more inside J. P. Morgan's data. Our info about consumers. Let's delve with economist Julia Coronado, founder of Macro Policy Perspectives, They are reporting that they're seeing actually pretty tepid loan demand and that while most of the first round of stimulus last year was saved, ah lot more of the current rounds of stimulus are being used to pay down debt. So to pay down debt, not just spent on new stuff, but fix our balance sheets as we go into what we hope is more recovery. Exactly. Actually, because the stimulus was so big. We get both. They're seeing debit card spending normalizing towards pre pandemic levels at the same time that consumers have money. In addition to pay down their existing debt that puts them in a pretty strong position as the economy moves forward. Julia Coronado.
The U.S. Jobs Recovery Is Sputtering
"What is happening to this recovery here? This is concerning Yeah. I mean, the overall number of jobs is still large by historical standards, but we've just regained a little over half the jobs we lost in the spring, and we're losing momentum way too early and where we are most worried about things in the service sector in the state and local government sector, big job losses there, so this is a worrying loss of steam. I do see fewer people now on part time layoff, but more people on permanently off. That's right. That's right. So the big story driving the unemployment rate early in this recession was people on temporary layoff. They are still coming back. Meanwhile, people who are permanently losing their jobs continues to rise, another worrying trend here. You're pointing out to me. Some of this is women with carrying special burdens in this cove it economy not going back to work. Yeah, The entire decline in the unemployment rate was people leaving the labor force just giving up looking for jobs, and it was mostly women. So we know there's a big challenge that people with school is school age Children are facing and they're giving up. For now, That's that's bad news. Julia Coronado at Macro Policy Perspectives. Thank you for this.
Coronavirus Upends Businesses
"Corona virus continues to spread. Many businesses stay closed in New York. I'm sure in for David Brancaccio. The number of new corona one of IRIS infections continues to rise more than forty thousand infections mostly in mainland China. Not More than nine hundred people have died. The Chinese government and businesses are trying to contain the virus spread closing factories and ports quarantining major population centers and keeping workers from returning to their jobs and as people's lives are being being turned upside down by the virus and efforts to control it. The economic ties linking them to the rest of the world are also being disrupted supply chains and the businesses that depend on them. Julia Coronado is founder of macropolicy perspectives and joins us to talk the bigger picture. Good Morning. Good morning so as far as markets are concerned it's not just debt krona viruses keeping people in their homes and factories closed. There's a bigger fear here. Can you talk about that. Yeah well the manufacturing cycle really was the epicenter of slowing slowing in the global economy. Last year there's been a lot of indications that we were turning a corner. Global Manufacturing was going to be better. That would lift global growth. That would help us. Exporters orders in the US manufacturing sector so this epidemic to hit the epicenter of global manufacturing in China really potentially derail that recovery. Do we have a sense of how much this will suppress global growth. Well it depends. If as some of the epidemiologists expect the rate of infection begins to plateau and viruses contained than we do have past episodes to look to where the hit two Chinese growth will be significant but probably temporary and will bounce back in coming months and then the ripple effects to other countries similarly. We'll be temporary and then bounced back but we still have to see that evidence that the virus is in fact contained Julia Coronado founder of macropolicy perspectives chiefs. Thank you my pleasure.
"julia coronado" Discussed on KQED Radio
"Thirty seven T. Rowe price invest with confidence I'm David run casually New York there's news this morning that a hundred and thirty six thousand more people were on payrolls last month that is in line with expectations and assign the U. S. economy continues to churn along despite falling business investment and weaker consumer spending as the summer came to an end that is from counting payrolls a household survey also finds the unemployment rate falling to three and a half percent the lowest since nineteen sixty nine fresh reports from the labor department in hand let's turn to Julia Coronado at macro policy perspectives in New York good morning. good morning. well hiring still looks okay yeah hiring so it's okay we solve the expected weakness in manufacturing which launched two thousand jobs but the service sector and the government sector continued to add jobs at a decent pace so overall it's a clean bill of health. yeah I said if you're working in retail at lost eleven thousand jobs it's been a mess in retail as we've been reporting yes retail has been shedding workers for more than a year now and it certainly still the retail apocalypse is on going with reason bankruptcies and store clothing no wages average hourly earnings is the term of art flat essentially month to month statistically that's not super fabulous if you are a wage earner. now in its a conflicting signals so with the unemployment rate is so low we should the upward pressure on wages and yet we see the opposite we see wage growth moderating up from a strong start to the year even as the unemployment rate falls so a little bit of a slowdown in take home pay all right that is economist Julia Coronado IT macro policy perspectives thank you very much my pleasure. houses percolating out into the market swell the Dow.
"julia coronado" Discussed on Marketplace Morning Report with David Brancaccio
"The dow jones industrial average is down one hundred fifty two points six tenths of a percent the s and p five hundred down six tenths percent the nasdaq as that composite down about one percent the benchmark u s ten year interest rate down a two point oh one percent now some of this has to do with the jobs report on friday where the government kind of two hundred twenty four thousand more names on payrolls in june suggesting the labor labor market is back on its growth trend on mondays we consult economist julia coronado at macropolicy perspectives here in new york hi good morning all right so some market players in a snitch because the labor market turned out to be but stronger than maybe they were expecting that might somehow squash future interest rate cuts that the logic here right that's turning a the glass half full half empty right the markets upset that the the labor market so strong but let's keep in mind that the reason that the fed was cutting rates was to take out insurance against some downside risk from trade wars in a slowing global economy it was never based on a week labor markets so i do think they're gonna go ahead and cut rates in july and from there on the data will drive the fed decision the data's were not quite sure about further rate cuts later in the year but you're still expecting a rate cut quite soon yes i think that they has led us to expect that and they're gonna go ahead and cut rates at least once all right julia coronado at macropolicy perspectives thank you for the my pleasure unhappy with his central bank's interest rate policy a precedent is fired the banks boss the country's turkey turkish lira is down about one point seven percent the dollar.
"julia coronado" Discussed on KQED Radio
"The may jobs report this morning came in much lower than expected, at least as measured by the government's tally of payrolls, just seventy five thousand jobs were created in may. When forecasters were expecting something, perhaps two and a half times higher. It's also true that a parallel survey of households. What's the unemployment rate steady at three point six percent, which is still low by historical standards economist, Julia Coronado has read through the Labor Department report today? Julia. You see a definitive shift into a lower gear their entity at. I mean, we expected since lower hiring after a stronger, April he pulled revised a bit lower over the last three months. The average is one fifty K that's a respectable pace of hiring, we only need a hundred thousand jobs month to keep the unemployment rate steady. But the trajectory is something to keep an eye on. You didn't see that this time around. We did see that. So in, in may we saw only eighty two thousand jobs. In private service sector, we saw state, local governments laying off workers something to keep an eye on one sector. That's definitely feeling pain is the retail sector. It is just setting workers, and it has been for eight of the nine laugh nine months. This must suggest the Federal Reserve will cut interest rates. He think maybe soon. Open the door to rate cuts. We expected them to come later like in September. I think there's probably does pull forward their timing. I don't know if it's June or July, some of the other data and trade developments will matter for that decision. But I, I think we are definitely looking for legal on or two rate cuts from the fed on the back of Julia Coronado at macropolicy perspectives, perhaps on hopes of lower interest rates because of this, the Dow Jones industrial.
"julia coronado" Discussed on KCRW
"I'm Tracey Samuelson in for David Brancaccio. Who's on assignment, the bureau labor statistics has just released its March jobs report, one of its most watched indicators last month's report was pretty disappointing. The economy added only twenty thousand jobs in February well below its have ridged gains. So without further ado, the big headline number for March is jobs added one hundred ninety six thousand and employment rate held steady three point eight percent. Those are the numbers now for. The context. Julia Coronado is the founder of macro policy perspectives. Hey, julia. Hey, good morning morning. So this looks like a pretty reassuring bounce back after February's low. Yes, this is a indication that the US economy is resilient despite some of the worries of late that we might be heading into a recession. We saw a strong particularly in service sector hiring. So it is reassuring. Okay. But tummy about wages. They were down a touch to three point two percent. Yeah. That's that's the disappointing aspect of the report we real exceleron wage growth last year, and it seems to have plateaued in recent months. So that came in on the weak side, the annual pace of wage growth, actually, slow three point two percent from three point four percent still better than where we were a year ago. But we would like to see continued acceleration there to give purchasing power to consumers, and what about manufacturing it lost a few thousand jobs, not a lot. But it was the first drop since late twenty sixteen. Yeah. And that's to be expected given to pooling in the global manufacturing that we've seen global growth has slowed led by manufacturing. The US is not going to be immune to that. So we are seeing manufacturing hiring slow and that should be a trend. That's with us for a few months, at least until we see what happens with the global economy. Right. Julia Coronado, founder of macro perspec-. Effective in New York. Thanks so much. My pleasure. And now, let's check market reaction..
Employment bounces back in March with 196K jobs added
"The bureau labor statistics has just released its March jobs report, one of its most watched indicators last month's report was pretty disappointing. The economy added only twenty thousand jobs in February well below its have ridged gains. So without further ado, the big headline number for March is jobs added one hundred ninety six thousand and employment rate held steady three point eight percent. Those are the numbers now for. The context. Julia Coronado is the founder of macro policy perspectives. Hey, julia. Hey, good morning morning. So this looks like a pretty reassuring bounce back after February's low. Yes, this is a indication that the US economy is resilient despite some of the worries of late that we might be heading into a recession. We saw a strong particularly in service sector hiring. So it is reassuring. Okay. But tummy about wages. They were down a touch to three point two percent. Yeah. That's that's the disappointing aspect of the report we real exceleron wage growth last year, and it seems to have plateaued in recent months. So that came in on the weak side, the annual pace of wage growth, actually, slow three point two percent from three point four percent still better than where we were a year ago. But we would like to see continued acceleration there to give purchasing power to consumers, and what about manufacturing it lost a few thousand jobs, not a lot. But it was the first drop since late twenty sixteen. Yeah. And that's to be expected given to pooling in the global manufacturing that we've seen global growth has slowed led by manufacturing. The US is not going to be immune to that. So we are seeing manufacturing hiring slow and that should be a trend. That's with us for a few months, at least until we see what happens with the global
"julia coronado" Discussed on KCRW
"You can see why economists are flummoxed by news this hour that the US economy added only twenty thousand jobs in February. That's the fewest additional people on payrolls in a year and a half construction jobs fell by thirty one thousand and hotel and restaurant business were flat yet wages were the highest in ten years. And a parallel survey of households finds the unemployment rate dropping from four to three point eight percent economists. Julia Coronado founder of macropolicy perspectives has been plowing through today's report. Julia should we just? Blamed bad weather in February. What happened? There's a lot of noise going on here. So there's weather there. Seasonal swings? There's the government shutdown that just whipsawed the numbers around and all kinds of ways. So we saw the pullback as you mentioned in construction retail leisure and hospitality, these sectors are very seasonal. But if we smooth through that January pop in the week February were on a somewhat slower hiring trend, but still pretty healthy. So I wouldn't worry too much about the February weakness. I hope it's not an unfair question here. But how do you explain the unemployment rate tugging in the opposite direction from this week payroll number? The biggest driver there is that the furloughed government workers or Canada's unemployed in January, and they came back in February and also affected things. Like people working part time involuntarily, which goes into the underemployment rate. So there's that was the biggest driver between the rise in January in the fall back in February. And who doesn't like a raise wages were up a lot for the month. Yes, we we are finally starting to see signs that the labor market is truly healthy. We're seeing wage growth on a steady upward trend on a broad basis. That's outstripping inflation. So consumers are getting wheel purchasing power. And we're seeing measures of underemployment like people working part-time involuntarily or people who have given up searching for jobs declining. So we're finally getting to a labor market, that's benefiting workers in pretty Broadway. Live from Julia Coronado founder of macropolicy perspectives, and the calmest let's check.
"julia coronado" Discussed on KCRW
"Unemployment rate, but lots of new jobs were created. Marketplace morning report is supported by constant contact their automation features. Let customers automatically send welcome in birthday emails as well as auto responders when users taken action. Learn more at constant contact dot com from marketplace in New York, I'm Sabrina short in for David Brancaccio. I the headline there were three hundred and four thousand more people on payrolls in January compared to December that's much higher than expected. But the December number which had seemed so strong was revised down sharply and the unemployment rate ticked up from three point nine to four percent economists. Julia Coronado is founder of macro policy perspectives in New York. Well, it was bound to be a messy report because of the government shutdown and the pop and the unemployment rate does reflect government workers on temporary layoff as well. As government contractors who didn't have work during the period. So that should reverse next month that is if we don't have another government shutdown, but the hiring numbers were largely unaffected private sector. Hiring looks pretty strong across the board from construction retail to hotels and motels. There's just a lot of jobs being added, no signs of weakness from the market turmoil or the global slowdown. Bottom line is it's still a strong labor market economist. Julia Coronado with macropolicy perspectives bellator Labor Department also reported that half a million more people were working part time in January because they couldn't get fulltime work till you says some of those people were government contractors or workers trying to pick up extra work during the shutdown. Let's take a look at the number. There's..
"julia coronado" Discussed on KCRW
"Big jobs report for January is just out barrels were strong bought the unemployment rate wobbled with the government shutdown. Marketplace morning report is supported by constant contact their automation features. Let customers automatically send welcome in birthday emails as well. As auto responders when users taken action. Learn more at constant contact dot com. I'm David Brancaccio in New York. I the headline there were three hundred four thousand more people on payrolls in January compared to December that is much higher than expected. But the December number which had seemed so strong was revised down sharply and the unemployment rate ticked up from three point nine to four percent with the Labor Department's report up on our screen. Let's check in with economist. Julia Coronado at macropolicy perspectives in New York. Julia. What do you make of this? Well, it was bound to be a messy report because of the government shutdown and the poverty unemployment rate does reflect government workers on temporary layoff as well. As government contractors who didn't have work during the period, so that should reverse next month. But the hiring numbers were largely unaffected, and they continue to come in strong. We we're still seeing bottom line is it's still a strong labor market and people should understand the government doesn't sensually two different surveys. They check employer payrolls, the so-called establishment survey, and they also check households they call, and they say, you know, who's unemployed here, and you get that kind of divergence, but that unemployment rate taking up to four percent that really you think is the government shutdown. Yeah. So so they did even though the federal workers were counted as employed because they were on temporary layoff that goes into unemployed in the household survey. So it's a little bit strange of the classification that they're showing up in payroll, but they're also countered is unemployed at the same time. So you know, again, it gives a conflicting message. So we sort of put the household survey aside because we know they're going to be employed next month that is if we don't have another government shutdown, but the private sector hiring looks pretty strong across the board from construction retail to hotels and motels. There's just a lot of jobs being added L, no signs of weakness from the market turmoil. Or the global slowdown economist. Julia Coronado with macro policy perspectives in New York. I also found striking that half a million more people reported they were working part time in. January because they couldn't get fulltime work. Julia tells me that also has to do mostly with the government shutdown markets. The benchmark ten year interest rate.
Trump says 'big progress' on possible China trade deal
"Those concerns for American farmers come as many are already struggling with the effects of the ongoing trade dispute with China additional tariff hikes are on hold for now. And President Trump tweeted over the weekend that a deal with China was quote moving along very well, multiple rounds of tariffs encountered tariffs have roiled markets at various points throughout the year. And trade is likely to remain a big issue in the global economy in twenty nineteen for a look ahead and look back. I'm joined by Julia Coronado, founder of macro policy perspectives. And Juliet how did the markets perform overall this year, the stock market looks like it's going to end down for the year, probably single digits for the F O T five hundred global stock markets, fared a lot worse. So if you're looking at European markets or especially Chinese stock markets you're talking about. Double digit declines for the Shanghai stock market twenty five percent decline. It was a really tough year to make money in the market. Yeah. I mean, I think there's a combination globally of a slower growth and people were intimidating at the start of the year. And the trade wars certainly hasn't helped the concern about the D globalization and escalating tensions isn't good environment for risk taking. So what does all of this year in volatility set us up for in two thousand nineteen? Well, we'll see has the market corrected enough are valuations fair in investors minds. We always see lots of volatility around urine. Because a lot of people go home and take vacations. Everybody's going to be back at their screens reevaluating the world by the end of this week. We will see what the consensus brings in terms of whether we've gone far enough whether the world looks optimistic or whether we think there's clouds gathering on the horizon. Julia Coronado is. Founder of macropolicy perspectives. Thank you. My pleasure.
"julia coronado" Discussed on Marketplace All-in-One
"Street Journal today listed data showing that the number of financial bets on oil going above. One hundred dollars a barrel. Sometime this year have doubled in the last month on Mondays. We consult Julia Coronado at macropolicy perspectives. It is something that, for example, the Dallas said president has been warning about warned about last week that there could be upside risked oil prices. That reason is we've got lots of disruptions politically within his Wailer with Iran with various supply points who would be the opposite of. A couple years ago when you know some analysts really call it the the hidden recession. This is when oil and gas fell into the tank and people directly connected with energy really had an economic shock. We had an investment recession, we had a profit recession in those years. So now that we have a major energy sector which is a driving force in our economy. Now when energy prices go down, it's harmful to those regions and that sector. And when energy prices go up, it's good for them. So it's sort of an automatic stabiliser within our economy with regard to oil prices now on the price of oil. I mean, I guess we need a reminder that it's not just a love economics of determines the price. Producers can choose to produce more. If there's an upward spike in, perhaps they could adapt if things moved too high too fast with the US energy industry, they're much more flexible. Oil and market driven than say, OPEC has been traditionally..
"julia coronado" Discussed on Marketplace All-in-One
"Planet them Michigan, where big ideas and mobility are born. A moment of perspective on the currency crisis in Turkey. I'm David Brancaccio in New York. The Turkish currency is down seven percent of the moment down about forty percent. This month prompting new emergency measures to write that ship. The president of Turkey today predicted the lira would soon settle at a sustainable level, but he denounced what he called economic traders. Not traders DNA knee, but traiteurs with t. n. o. as intrigues as people who talked down the Turkish economy and South Africa's currency for a time fell by the most in a decade today in the currency drooped in Indonesia and India, we gotta columnist Julia Coronado at macropolicy perspectives on the line. Hi, Julia. So how bold a headline should we right? I mean, is this a global economic crisis, or is this a Turkish economic crisis? Well, so far the contagion to other emerging markets is moderate mild to moderate it is their emerging markets are seeing pressure on their currency and the worst. Your external vulnerabilities the worst. Your currency is getting hit. So so far it's a mild contagion, but definitely not a full blown global financial crisis. Some of it is that market participants have a sense of what's gone wrong in Turkey. It's not a mystery which can sometimes when it's a mystery add to the jitters. That's right. So Turkey has a large current account deficit. They have borrowed a lot of money in dollars, and so it, yes, we know why they're getting hit. In addition to that sanctions and the political. Element. So countries that are that have those similar churches, six of current account deficit as very highly leverage. They're seeing pressure from investors and ventures in general are getting more risk averse, but most selective in where they're putting their money. So there is some contagion, but it has reasons has fundamental drivers economist Julia Coronado at macropolicy perspectives. We caught up with her in South America. Juliette, thank you. My pleasure. President Trump heads way upstate New York today were at fort drum. He plans to sign the annual defense authorization Bill. It's a seven hundred sixteen billion dollar package that adds nearly sixteen thousand more personnel and boosts pay by about two point, six percent starting in January. It also adds to the quickly rising federal deficit marketplace's Renato sago has more this defense authorization act gives a not to an eighty. Two billion dollar boots to the military budget over the next two years money for more troops, higher wages. We see more money going into operation and maintenance accounts. That's tied Harrison with the center for strategic and international studies. He says, this would be the largest budget since the height of the Iraq war defense officials say they need the funds for military readiness, but Harrison says, there's one problem, our personnel and our operation and our maintenance costs keep growing faster than inflation. The Congressional Budget Office says, military spending accounts for about seven. Eighteen percent of the four trillion dollar federal budget and that the deficit could surpass one trillion dollars by twenty twenty. Mark wine is with the committee for a responsible federal budget. Higher national debt is likely to slow income wage growth. And ultimately it's going to leave the government less equipped to make new investment. This measure sets broad spending priorities. Congress still needs to pass an appropriations Bill to decide how that money is spent. I'm Renata sago for marketplace..
Turkey tries to contain crisis but currency keeps falling
"Moment of perspective on the currency crisis in Turkey. I'm David Brancaccio in New York. The Turkish currency is down seven percent of the moment down about forty percent. This month prompting new emergency measures to write that ship. The president of Turkey today predicted the lira would soon settle at a sustainable level, but he denounced what he called economic traders. Not traders DNA knee, but traiteurs with t. n. o. as intrigues as people who talked down the Turkish economy
"julia coronado" Discussed on Marketplace All-in-One
"Yes so there's seems to be geopolitical concerns are hitting the price of oil and that combined with you know a decent global economy or are pushing prices quite a bit higher oil of course a huge input into industry and that can percolate further on down the line to the prices of other things made out of or with oil correct correct so oil obviously is going to feed into gasoline prices and then there's a whole lot of other industrial materials costs that are on the rise because of trade tensions and geopolitical tensions and all of that could lead to a hit to prices to inflation for consumers so that's something that we are watching very carefully particularly given how subdued wage growth has been because it won't understand this right because there are other inputs to stuff and it's not just oil and those may also be getting more expensive that's right we hear from food producers their input costs are on the rise any sort of manufacturing operation is seeing steel and aluminum and variety of industrial inputs rising so the question is does that squeeze their profit margins do they pass that along to the consumer or some combination of the two and we don't care that much about inflation if wages are going up wages aren't really going up all that quickly that's the kind of under and we've seen that we saw the unemployment rate dropped to report nine percent on friday which is fabulous news there's lots of jobs being created but the missing ingredient so far has been a real noticeable pickup in wage growth so if consumers see higher prices but don't see a commensurate increase in their wage growth than they have to pull back on their spending in some dimension because miss julia coronado at macropolicy perspectives thank you my pleasure now is that big mac and fries really worth to you the eleven hundred.
"julia coronado" Discussed on KQED Radio
"In for david brancaccio the us labor department reported this morning that the us economy added one hundred and sixty four thousand new jobs in april the unemployment rate fell to three point nine percent the lowest it's been since the year two thousand julia coronado is gonna take us through the numbers she's head of macro policy perspectives good morning julia good morning so the unemployment rate three point nine percent the lowest in almost two decades right that's right we we touched below four percent in a two thousand but we really haven't seen the unemployment rate running below four percent on a sustained basis since the sixties and given the momentum in the economy we're probably looking at a stretch below four percent isn't it the same situation labor market is in the sixties one piece of evidence along those lines that wage growth that came in on the weak side it was only two point six percent year on year anything below three percent is kind of weak so yes the labor market is strong but it's you know higher education and older workforce means that the unemployment rate can be lower than in the sixties and not generate those kinds of wage pressure so it's good news but we still got some room to run before we start seeing those wage pressures pick up how again though is it that unemployment rate can be so low but wages aren't rising employer supposed to be competing for workers and wages rise they are they are but we've had we're still pulling people back into the labor force and that sort of what we call the shadow labor force all the people that left the labor force gave up looking for work during the great recession because it was so bad some of them are coming back and that means that employers can draw workers in without paying higher wages to the existing workers so again that's another reason why three point nine percent isn't quite as roaring strong a number as it was in the late sixties but we would expect to see that those wage pressures will start to build over time it's just you know that's kind of what we've been watching and waiting for julia coronado founder of macro policy perspectives thanks so much my pleasure and let's do the numbers the dow jones industrial average.
"julia coronado" Discussed on WNYC 93.9 FM
"The month of april a few minutes ago the us economy added one hundred and sixty four thousand new jobs and the unemployment rate fell to three point nine percent its lowest it's been since the year two thousand julia coronado is gonna take us through the numbers she's founder of macro policy perspectives good morning julia good morning so the unemployment rate three point nine percent the lowest in almost two decades right that's right we we touched below four percent in two thousand but we really haven't seen the unemployment rate run below four percent on a sustained basis since the sixties and giving them and the economy we're probably looking at a stretch below four percent wow so what what do you make what should we make of that well i mean i think there's a this isn't the same situation labor market is in the sixties one piece of evidence along those lines that wage growth just that came in on the weak side it was only two point six percent year on year anything below three percent is kind of weak so yes the labor market is strong but it's you know higher education and older workforce means that the unemployment rate can be lower than in the sixties and not generate those kinds of wage pressure so it's good news but we still got some room to run before we start seeing those wage pressures pick up how how again though is it that the unemployment rate can be so low but wages aren't rising aren't wages post on employers to be competing for workers and wages rise they are they are but we've had we're still pulling people back into the labor force and that sort of what we call the shadow labor force all the people that left the labor force gave up looking for work during the great recession because it was so bad some of them are coming back and that means that employers can draw workers in without paying higher wages to the existing workers so again that's another reason why three point nine percent isn't quite as roaring strong a number as it was in the late sixties but we would expect to see that those wage pressures will start to build over time just you know that's kind of what we've been watching and waiting for julia coronado founder of macro policy perspectives thanks so much my pleasure and let's do the numbers the footsie in.
"julia coronado" Discussed on KBNP AM 1410
"The bloomberg any karen breakers kirk in thank you and cigna greater vicepresi scripts holding for fifty four billion dollars in cash and stock the express scripts up nineteen percent this morning s p futures are up nine points dow futures up sixty one nasdaq futures up thirty six and a 10year treasury that'll change yield two point eight eight percent that's a bloomberg business flash tom john cusimano truths julia coronado we wanna pause here before we get to gdp and the guesstimate so that with the photo of the week last week for me and frankly is the photo of international women's day if you just assume that all of accomplishment of men and women is about ability in smart what a wonderful photo of chair yellen catherine man julia coronado in others assembled i believe elon's or yup i saw there from morgan stanley's up tell us about the energy in the room and tell us what this meeting of the smartest minds of women economics what it meant for the young kids he hit were invited there yeah yeah well i mean it was it was a celebration of janet yellen and her accomplishments we wanted to say thank you to her and i think for everybody in that room she has been such a powerful figure laura's a powerful inspiration and it was a really warm warm environment lots of lots of love in that room toes we're we're going to be in five years or ten years the loneliness of cheer yellen the loneliness of kathy man mit a million years ago right elon zeltner all by yourself at number onur way to the excellence it mortgage daily iran you've accomplished with particularly with your analysis of gdp p it was lonely less lonely now we're winners less lonely.
"julia coronado" Discussed on KBNP AM 1410
"Likely on threes he's bloomberg markets with pimm fox and lisa abramowicz on bloomberg radio good morning came at this is such a busy tuesday not only do we have the interest rate decisions from the fed yesterday today we have them from norway from china from turkey ecb came out with their decision so of the bank of england a ton of news there also though disney making a massive move buying a assets from fox yes and shoppers they are out in force sir retail sales up more than uh estimated zero point seven percent increase for the month of november but right now let's go to greg jarrett he's in the bloomberg newsroom and has a bloomberg business flash greg the cpim stocks rise toward more records the dollar gains amid continued optimism on the economy's strength after retail sales top s too much disney agrees to that fifty two point four billion dollars deal to acquire much of a global empire the media baron rupert murdoch assembled over the last three decades for me fabled hollywood studio to europe's largest satellite tv provider to one of india's most watched channels julia coronado president founder of macropolicy perspective tells bloomberg we'll see a lot more big moves like this and it's not good for the labor force as synergies inefficiencies translate to offs so that is sort of the trend towards the top of the cycle that we tend to see lots of mergers and acquisitions acquisition slowing job growth a focus on maintaining the prophet shares that that that they have so it's not and it hasn't been globally a labour market that favours workers and that's probably not going to change we check the markets every 15 minutes throughout the trading day here on bloomberg radio.
"julia coronado" Discussed on Bloomberg Radio New York
"Three o to washington dc bloomberg 991 to boston bloomberg world six what to san francisco bloomberg 960 to the country siriusxm channel 119 and around the globe bloomberg radio app and bloombergradiocom this is bloomberg marcus what the role of value investing in an era of indexes we're gonna be speaking at that that with david pearl co chief investment officer of epoch investment partners also coming up we're gonna be speaking with stephen straus a visiting professor at princeton university talking about whether the big tech companies should be broken up but right now let us get a check on where markets are trading greg jarrett has that for us with bloomberg business flash greg got italy show the s p pushes toward a fresh record investors gear up for busy week resident donald trump is scheduled to address senate republicans tomorrow ahead of a potential vote on tax overhaul federal researcher janet yellen testifies before the congressional joint economic committee in washington and the confirmation hearing for her nominated successor derome powell begins adding to the mixed data on us gdp prices and jobs speaking of gdp julia coronado and macropolicy perspectives tells bloomberg that for the us get to the to get to the threepercent gdp people are going to have to while in the vernacular they're gonna have to get busy she says but to get to three percent on a sustained basis with male population growth unita massive capital deepening an epic affects capital deepening and i i think keno we've seen some better investment numbers investment looks okay but you know we would need something many many many quarters of doubledigit investment growth we check the markets every 15 minutes throughout the trading day here on bloomberg radio s p 500 is up a tenth of a percent up to dow's up threetenths for percent of sixty five of the nasdaq is up a tenth of a percent up five the 10year is down one 30second the yield of 237 percent west texas intermediate is down two point two percent of 57 sixty seven a barrel colmec's gold's up a half a percent at twelve ninety eight forty and out the ends of dollar 1116 the eurodollar 1929 the pound is thirty three forty nine footsie's down twotenths of a percent the dax in germany the cac in paris down threetenths percent that is a bloomberg business flash greg jarrett thank you very much greg jarrett our time now to learn a little bit more about.
"julia coronado" Discussed on Bloomberg Radio New York
"The prospect of a potential budget fight in congress lawmakers in congress are also facing deadlines at the end of september for putting a new spending plan in place and for raising the debt ceiling congressman mark bradley walker of north carolina's sixth district spoke about the challenges facing congress will bloomberg's david gura and francine lukewarm on bloomberg television there were also joined by julia coronado president and founder of macro policy perspectives the conversation covered a wide range of topics from the likelihood of us tax reform to the threat of a government shutdown and also president trump's desire to pull out of the north american free trade agreement david gura first asked about how congress is prepared to respond to the aftermath of hurricane harvey i was car was prepared to act where the conversations like well admittedly all the lawmakers are holding in their districts sure i think we're wrapping up for very busy fall this is going to add to that but was several minister friends that are here have out of houston texas this is devastating this unlike anything we've ever seen however in these crises a assault couple of weeks ago and infratest small group of idiots insurance for north carolina or charlottesville virginia what we're seeing right now is the very heart of the greatest part of our human resources and that six people in our country coming through an amazing ways texas this is a very proud state but obviously the federal government has a major role the days ahead let me ask you about tax reform you got the big six two represents from.