4 Burst results for "Kate Fateh"

"kate fateh" Discussed on CNBC's Fast Money

CNBC's Fast Money

07:30 min | 7 months ago

"kate fateh" Discussed on CNBC's Fast Money

"Karen feinerman brian. Kelly and kate fateh. Co grace capital will join us in just moments start off with big breaking news on the banks just moments ago the fed giving the okay for buybacks and we're already starting to get banks announcing their plans. Let's got straight to leslie picker with all the details. Leslie hamels an unprecedented second. Stressed has this year. The fed said it will allow banks to resume buying back stock with limitations after they were prevented from doing so earlier. This year j. P. morgan has already said its board is authorized. A thirty billion dollar buyback program to begin in the first quarter of next year and that stock popping on the news share repurchases. Made up about seventy percent of the industry's capital payout to shareholders pre covid but the largest. Us banks voluntarily suspended by backs in march as the pandemic induced shutdowns that royal the economy and the financial markets. The fed then said in june that all banks subjected to stress tests required to hold their buyback programs and cap their dividend payouts. Now today the fed said that banks could restored share repurchases expanding similar limitations already in place with dividends. These amounts are based on a formula. That's essentially tied to the last year of the bank's income. Now these rules will be placed through the first quarter of twenty twenty one fed notes. They may be extended after that under the stress tests. All three. Three banks maintained enough of a cushion for their minimum risk based capital requirements levels. That will not reset at this time according to the fed leslie thank you leslie picker with the latest on the stress tests here in the after our session. It's not just jp morgan with that. Massive thirty billion dollar share repurchase plan announcement but also the k. r. e. the regional bank. Etf that's popping three percent the xl left. The broader financials etf on the s. and p. five hundred that's up by more than three percent karen. Feinerman this is probably largely expected for bank like j. p. morgan and yet we are seeing that big pronounced move in the after hours. I actually wasn't really expecting it right now to be honest so it's nice That you know. Maybe i just missed it. I should have known to expect it. I'm a little bit surprised that it didn't come a little bit later. So thirty billion dollars. That's huge that's I know eight plus percent of the market cap of j. p. morgan You i'm a little bit surprised that they did this now. Because i don't think we have fully past the i mean we passed the worst covert. I certainly hope we have. But i think there's still more damage to come. I think we haven't seen the end of forbearance and what that will look like. And so i don't know it feels just maybe a tad premature. What would be the downside if they kind of just hung onto excess capital built it up. I understand it's not great for your and whatnot but A little bit surprised. I'm happy i it was. It was just earlier than i thought. I'm happy to be you know fairly exposed to the bank stocks. Good for them. I'm also a little bit surprised that they're allowing buybacks over dividend they are still allowed to pay dividends but over an increase of the dividend Because maintaining the dividend for bank shareholders or increasing. It is a really important thing. I think even more important than buybacks but doesn't matter if it was surprising to me i still very good news taken at face value. Though this is surely a vote of confidence in how well capitalised the banks are. And how big those cushions are tim seymour when the fed is going to you know subject these banks very rigorous tests. They've got enough capital. That's it seems like a big green light for investors who also believe by the way that this is a big reopening play. I think it's it's it's a big green light it. It's kind of bizarre on the same week where the fed gave you a very dour outlook for for for the dynamics of the economy. Isn't it it just. They don't make sense. They don't fit on the same page and the fed is is is the the godfather for for these banks. Here look no change in capital. I think this is very important. I think banks which were outperforming as the kerr steepen. We're getting some sense. On the reopening trading banks were certainly Starting to reaccelerate I think this means banks have a lot more room to go. And i and i think the banks in the money center banks. At least i would focus city and bank of america but i focused first on city. I think they're going to be the ones that have the outside moves. Now banks like j. p. morgan as they were having record earnings they were also putting aside an enormous amount on one provision and i think the reserve roll offs are powerful and again this is part of where i think the buybacks will will be also powerful forget they record capital markets and underwriting and trading and i i just look at someone's long banks like karen. I think this is very important. News for the direction of the stocks and the messages are mixed to me. A big twenty twenty one event could also be the release of those excess reserves back into the system and you know that certainly would be a good thing bank investors. We should note the headline that just crossed the bottom of your screen. Goldman sachs also announcing that will resume share buybacks next year. It did not specify the amount but again goldman sachs to resume. Its share buyback program next year. We're seeing that stock move higher by about five percent we should we should note also that wells fargo also falls into the category of the thirty three banks that were approved to resume buy-backs remember that it had been putting the penalty box but it does fall into this category where profitability has been existence for four quarters. So it's able to do this. Brian kelly in terms of the banks. What do you make of this. I think i mean obviously it surprised the market. But i think in the big picture. It's probably not that surprising. Because the pandemic through the biggest real time stress test at the bank bigger than any government regulator could have imagined and they survived. So i think in that sense. It's very positive for the. Us financial system obviously very positive for banks. But if you're at home now and you're saying what's next the banks. It's exactly what you just mentioned. It's the roll off of the reserves. And there's going to be this interplay between whether or not we get a stimulus. Package that would mitigate some of the potential losses. These banks may have if we don't get a stimulus package then. Maybe those loss reserves are big enough. So that's really where the next crux of the bank trade comes from me. And i think in general this is just a positive move and as long as you don't get an economy that goes much much deeper into weakness than the banks should be fine karen your on your bank positions fairly large. So are you hedging that position. I'm just trying to understand how you if you are worried that we haven't seen the worst of the credit losses because we just haven't seen the worst of the pandemic or the impact on the economy than how do you protect that bank trade. So i think that the banks being at such a discount to the market and such they haven't recovered anywhere nearly as much as so many other industries. I think that that was already reflected in the prices that they were trading this is sort of a procedural issue about. When would they be able to do buybacks. I just think it would have been more conservative for the fed to say you have to wait. So i know of sheila bair were here tonight. She'd be happy with this. Yes why not wait..

fed leslie picker Karen feinerman kate fateh grace capital Leslie hamels P. morgan morgan tim seymour karen jp morgan Kelly brian leslie Goldman sachs Us
"kate fateh" Discussed on CNBC's Fast Money

CNBC's Fast Money

03:09 min | 8 months ago

"kate fateh" Discussed on CNBC's Fast Money

"Welcome occurred oil on a wild ride today. After opec slashed global oil demand forecast for next year the organization citing harsher corona virus crackdowns across the globe energy so the worst performing sector this year. But our next guest says there's one name the space that is fueling up for some gains. Let's welcome back kate fateh. Ceo of grace capital. Kate great to see you again. You're looking at chenier energy. What's your top reason to be engineer. So okay bottom line. The world needs energy. Okay so there's a energy demand story and then those chenier money story. We all want energy the comfort of knowable sources. But this is not possible. Can we need an src. Balance sustainability and reliability and cost <hes>. Energy <hes> gas. Natural gas is the way allergy can play the role chenier exports allergy globally. If you can believe it melissa. Twenty five percent of energy globally still comes from coal. Imagine natural gas replacing all of that. So that's the energy story in terms of chenier seven percent growing dividend. They probably went through the worst environment for energy this year and they made it valuation this cheap. The fundamentals are good. There's no commodity price risk. These are take or pay contracts. Okay that means they get paid no matter what there's no volume whisk there's no price rates so that that's why electioneer and that seven percent dividend is therefore covered karen. You've looked at this name in the past. I'm just wondering if i hear what you're saying about tigger pay contracts and that that's a steady stream of income which is good and investors like what about the longer term biden administration if they're against fracking. We'll see maybe they supply of natural gas available to be in a pipeline ship decreases. Does that worry you. At least you know we have the. Us is awash natural gas. We probably have a hundred year supply of natural gas fracking. No fracking so natural in. It's really cheap. Natural gas is like really cheap. Right now <hes>. So it's not something that keeps me up at night. Do you have to believe kate. In the overall energy story in order to believe in chenier or can you see the sector overall sputtering little bit if you will. If they're more lockdown place in the short term yes you can see that bottom line. The world needs energy. i would love for. It's all come from solar wind. Biomass were not there yet. And we're not going to be there for a while so you need energy. Natural gas is better than coal gases. Better than oil. And that's why. I think chenier is the way to play it again. You don't want you're not worried about the price will going up going down. What's going to happen opec this that note kate. Great to see you thank you.

biden administration kate chenier shannon shanidar Mike co dropbox mcdonald Dan dropbox opec Mlp karen Bank of america ubs tim salesforce
How Will Natural Gas Fare in the Energy Transition?

CNBC's Fast Money

03:09 min | 8 months ago

How Will Natural Gas Fare in the Energy Transition?

"Welcome occurred oil on a wild ride today. After opec slashed global oil demand forecast for next year the organization citing harsher corona virus crackdowns across the globe energy so the worst performing sector this year. But our next guest says there's one name the space that is fueling up for some gains. Let's welcome back kate fateh. Ceo of grace capital. Kate great to see you again. You're looking at chenier energy. What's your top reason to be engineer. So okay bottom line. The world needs energy. Okay so there's a energy demand story and then those chenier money story. We all want energy the comfort of knowable sources. But this is not possible. Can we need an src. Balance sustainability and reliability and cost Energy gas. Natural gas is the way allergy can play the role chenier exports allergy globally. If you can believe it melissa. Twenty five percent of energy globally still comes from coal. Imagine natural gas replacing all of that. So that's the energy story in terms of chenier seven percent growing dividend. They probably went through the worst environment for energy this year and they made it valuation this cheap. The fundamentals are good. There's no commodity price risk. These are take or pay contracts. Okay that means they get paid no matter what there's no volume whisk there's no price rates so that that's why electioneer and that seven percent dividend is therefore covered karen. You've looked at this name in the past. I'm just wondering if i hear what you're saying about tigger pay contracts and that that's a steady stream of income which is good and investors like what about the longer term biden administration if they're against fracking. We'll see maybe they supply of natural gas available to be in a pipeline ship decreases. Does that worry you. At least you know we have the. Us is awash natural gas. We probably have a hundred year supply of natural gas fracking. No fracking so natural in. It's really cheap. Natural gas is like really cheap. Right now So it's not something that keeps me up at night. Do you have to believe kate. In the overall energy story in order to believe in chenier or can you see the sector overall sputtering little bit if you will. If they're more lockdown place in the short term yes you can see that bottom line. The world needs energy. i would love for. It's all come from solar wind. Biomass were not there yet. And we're not going to be there for a while so you need energy. Natural gas is better than coal gases. Better than oil. And that's why. I think chenier is the way to play it again. You don't want you're not worried about the price will going up going down. What's going to happen opec this that note kate. Great to see you thank you.

Kate Fateh Grace Capital Opec Biden Administration Kate Allergy Melissa Karen Chenier United States
"kate fateh" Discussed on Hannibal Buress: Handsome Rambler

Hannibal Buress: Handsome Rambler

07:41 min | 2 years ago

"kate fateh" Discussed on Hannibal Buress: Handsome Rambler

"He said, I don't get. I didn't understand why they'd have good reviews network hosted in era. Ghent guest who drives an expensive car. The fuck. Yeah. Can blew out for mayo. But thing. Is that cars net that expense? Yeah. It's like thirty five thousand those are like, it's very acceptable car. A lot of people think that you work. Do you work? Well, you could drive out for. If you work consistently. That's the barometer. But that was you know, gotta gotta, you know, be more private, man. So hold different interaction. If she didn't know. Instead because I I wanna be I want why can't I be disgruntled customer with valid issues. Instead, I'm rich celebrity Brits money grubbing. Got it. Got it. If you can spread. Through books for the fuck it just extra free for could. You got speed. You fuck you're gonna go. Go wall. Work to give me that books wasn't to Hugh. No, you got. Give it to you. Two. Yeah. That's dad. Kado nice to back home. Thank y'all for coming on a last minute tip. This is science stuff back home, Chicago. It's a different field. Doing a live podcast on a road. Because it lands on the road trying to perform, but here, I just feel like disgruntled neighbor. What the? Monticello? Best it holds true about. I is my one of my favorite joke about how you have a twenty minute conversation with another cog. Oh, and is all intersex. And it says. Happens every where are you from off from north avenue? Also avenue all my buddy lives on division. Incense, sandra? I go to school cargo avenue. My body used to live on Madison and Kathy. You do it today. Do that about high schools to win? Tech brains explode. Yeah. We went to the same high school gives us shit Chicago. We got a new mayor. Yeah. Got new mayor. Did you I didn't actually you didn't vote minded, and you didn't care you should vote. It man you've got their property owner dollars. I was just back just jetlag. It's lex shit, man. Actually can't use everything. Kate Fateh us jetlag is that your your your lives shit is all messed up. You can't use it. 'cause you already like trying to get an Expresso machine. Feeding. Now, you can't use it as a reason in that Goto stuff. Like, you gotta. You could early voted man. Yeah. Well, it didn't matter whoever you voted for it wouldn't have changed it because he was a blowout. See God, destroy crazy. I didn't realize he was going to lose by that much. Toni preckwinkle? Trek winkle. I'm glad she didn't win for one. I don't like say preckwinkle. Yeah. A whack as name Lightfoot. Sounds like got 'em superhero. If we talking. No politics at all says just how stuff rolls off the tongue Lightfoot. Yeah. What light will Lightfoot is breath. Requiem. Preckwinkle? Equity. Prequel? Quicko preckwinkle. Still haven't figured out that Luke. Is like. Steelers, you know, still working progress? With Waco, Waco, low crew did that but. Preckwinkle with my politics is I'm I'm an ages, man. I'm a I'm an age. Don't care. Sixty eight seventy book out of here. Gets old ass. The fuck outta here. You sixty seventy trying to take on a new high pressure job. But god. Trump was to go. Hillary was to Joe Biden's to Bernie Sanders was oh and now he owed their did. He was like them name for being. Road. So as a battle here know, why you wanna do that at seventy just take on a new stressful position. If my seventy uncle was like your thinking about opening up a Wendy's franchise. Hey. Relaxed. Seventy eight ready for that type of pressure..

Toni preckwinkle Bernie Sanders Lightfoot Chicago Monticello Steelers Waco Kate Fateh Hugh Trump sandra Madison Kathy Luke Hillary Joe Biden twenty minute