35 Burst results for "Vinny Del"

"vinny del" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:42 min | 3 months ago

"vinny del" Discussed on Bloomberg Radio New York

"Banana split at tassel pharmacy in this city east of Pittsburgh in 1904. I'm Brian shook. And I'm Charlie pellet. App Bloomberg world headquarters. Stocks slumped as short sellers cashed in on fed speak. Investors turned cautious after Federal Reserve officials beat the drum on hiking rates. Today, new data on state unemployment rates, that story from Bloomberg's Vinny del giudice. Who has the nation's lowest jobless rate? It's Minnesota at 1.8% followed by Nebraska, Utah, and New Hampshire, all at 2%. Job openings have been running at record levels across the country, and the national unemployment rate is one of the lowest in a half century. And yet there are signs that labor market is moderating is the fed raises interest rates to fight inflation. Bloomberg radio. And next week we get new numbers on housing specifically new home sales data on Tuesday as for the mortgage backdrop. Danielle Hale is chief economist at realtor dot com. It is likely that we will see mortgage rates continue to climb. But we've seen them come down. They were very close to 6% by a lot of metrics in June. They're now down just above 5%. Realtor dot com's Danielle Hale. It has been a tough summer for airline passengers with chaos at airports around the globe and specifically in the northeastern part of the U.S.. Is an airline analyst at Raymond James. You have kind of just across the supply chain at the airlines and the airports. Just staffing levels that aren't back to the point that activity that we saw pre crisis. Hopefully, as we go through the following months, hiring picks up people gain more experience. Some of these issues should resolve. But unfortunately, the northeast airspace is a longer term issue that needs to be resolved. Savvy sets of Raymond James. Stocks lower today with the S&P down 55 down 1.3%, the Dow dropped 292 down 9 tenths NASDAQ was down 2%. Global used 24 hours a day on air and on Bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. I'm Charlie pallet. This is Bloomberg. This is Bloomberg best. Bloomberg radio is everywhere. I always accurate and precise Bloomberg's really one of the places that's reporting facts. Your communication capabilities are wonderful for our business. I'm Ed Baxter. And I'm Denise Pellegrini. On this weekend edition of Bloomberg best. Some insight into OPEC with a new secretary general. He's become a scarce. We don't want the oil markets to run on without insurance policy. Shoppers are alive and well. According to economist Michelle Meyer. Consumers are worried. They're trying to plan ahead. They're trying to think about how to navigate the economic environment. But in the interim, they are still out spending. And will blockchain set musicians free, will the artists release their own creative works digitally through NFTs, themselves or will they continue to give their rights or sell the rights to record labels, Bloomberg best, Bloomberg's best stories of the week, powered by 2700 journalists and analysts in more than a 120 countries around the world. Ed are meme stocks back. Let's start with that because we had a lot of strange things happening this week. Yeah, exactly the niche that well, if you ask people who own shares of like Bed Bath & Beyond this week, the answer would be probably yes. And oddly, the back to school season may actually somehow be connected to the resurgence in meme stock trading or stocks mentioned on chat boards end up getting a lot of attention. And that is what we

Bloomberg Danielle Hale tassel pharmacy Brian shook Charlie pellet Vinny del giudice Federal Reserve Raymond James Charlie pallet Pittsburgh Ed Baxter New Hampshire Nebraska Denise Pellegrini Utah
"vinny del" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:13 min | 4 months ago

"vinny del" Discussed on Bloomberg Radio New York

"With David Weston coming up on balance of power and news of the search of Mar-a-Lago by federal agents has brought swift reaction from former president Trump's supporters. We ask a prominent Republican contributor Dan eberhardt for his thoughts, but first we get a market check from Charlie pellet. And here's what's going on, David Weston, tech gloom hitting stocks, NASDAQ now down one 75, down 1.4%, has stacked 100 index down 1.35%. Stocks are retreating as a downbeat outlook from another giant chip maker, Micron Technology, adds to recession fears micron down now by 5.2%, traders, meanwhile, are potentially unwilling to pile into risky assets ahead of tomorrow morning's inflation data. S&P now down 20, a drop of 5 tenths, the Dow is down 37 down one tenth of 1% as tacked down 1.4% as stacked down 177 points. The ten year yield 2.79% spot gold up four tenths of 1% 1795 yelps, while West Texas intermediate crude is down 5 tenths of 1%, $90, 31 cents a barrel on WTI. There is fresh date on worker productivity and it's not good as we hear from Bloomberg's Vinny del giudice. Again, falling at a steep 4.6% pace in the second quarter, labor costs keep rising as economic output drops feeding inflation. Bloomberg economics is rising labor costs could lead to fewer jobs. Productivity is down in three of the past four quarters. Then he doubts you dice Bloomberg radio. Norwegian cruise line holding shares are declining after the company forecast an unexpected loss for the third quarter, saying the economy and world events, including the pandemic of continued to suppress demand, Norwegian down 11.6%, other cruise lines lower as well, carnival corp down now by 6.4% royal Caribbean down by 6%. Recapping tenure yield 2.79% S&P down 19 down 5 tenths, nez stacked down 1.4% to Dow, down less than one tenth to 1%. I'm Charlie palette. Bat David Weston does a Bloomberg

David Weston Dan eberhardt Charlie pellet Micron Technology Bloomberg Vinny del giudice Trump micron West Texas carnival corp
"vinny del" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:58 min | 5 months ago

"vinny del" Discussed on Bloomberg Radio New York

"Year over year, a broad based increase in the largest in 40 years. June's reading could be even higher based on a survey of Wall Street economists. At the same time, Bloomberg economics as today's report will be balanced by recent evidence that inflation as well as economic growth may be moderating. The Federal Reserve is expected to keep raising interest rates to contain inflation by tempering economic growth. Vinny del giudice Bloomberg daybreak. Okay, Vinnie, thank you. Meantime, the International Monetary Fund cut. It's month old growth projections for the U.S. economy. It's warning a broad based surge in inflation poses systemic risks to both the U.S. and the global economy. And Federal Reserve bank of Richmond president Thomas barkin says the fed's top priority is to curb inflation. The fed's tools work over time. So I expect inflation to come down, but not immediately, not suddenly, and not predictably. I'd expect inflation to bounce around on its way back to our target. And these significant oscillations are going to take time to dampen. Richmond, fed president Thomas barkin says the right policy is to cool inflation without causing a significant economic downturn. Well, higher gas and oil prices have contributed to the inflation spike Karen this morning, crude is up following yesterday's decline, checking prices now, nymex crews up 6 tenths percent or 59 cents at $96 45 cents a barrel, Brent is at a $100 two cents. Well, incorporate new snake and Twitter's escalating its battle with Elon Musk and Bloomberg should need a young joint life with more good morning Renee. Good morning Karen, Twitter is suing Elon Musk after he abandoned his $44 billion takeover bid. The company is accusing him of having buyer's remorse after his fortune declined. Now the lawsuit says that Twitter has bent over backwards to provide Musk with the information he's requested. He's disputed Twitter's claims that less than 5% of its users are bots and wanted more proof. This filing is set up what will be a closely watched battle in the Delaware court system. Live in New York, I'm ranita young Bloomberg, daybreak. All right, we need to thank you. That's the 5 things that you need

Thomas barkin Federal Reserve Vinny del giudice Bloomberg Federal Reserve bank of Richmo Vinnie International Monetary Fund U.S. Elon Musk Twitter Karen Richmond Renee Musk
"vinny del" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:55 min | 7 months ago

"vinny del" Discussed on Bloomberg Radio New York

"Decade high Vinny del gide's Bloomberg radio The S&P 500 Index rallied 93 points today It was a losing week down 6 in a row The S&P up to date by 2.4% the Dow up 466 up one and a half percent NASDAQ up 434 up 3.8% Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Charlie palette This is Bloomberg This is Bloomberg best Bloomberg radio is everywhere I always accurate and precise Bluebirds really one of the places that's reporting facts Your communication capabilities are wonderful for our business I'm at Baxter And I'm do these Pellegrini on this weekend edition of Bloomberg best Cleveland's fed president says she's open to a bigger interest rate hike I don't want to rule anything out when we get to that point in the second half of the year We may have to if we don't have inflation moving down we may have to speed up Former New York fed president Bill Dudley says the fed could land in hot water If you keep under a promising what you're going to what's required And then I think there is a risk to the fed's credibility down the road And Mike novogratz keeps the faith in crypto Listen I just went around the country and I am wildly convicted that there is infrastructure being put in place to bring lots of capital into the space Bloomberg best Bloomberg's best stories of the week powered by 2700 journalists and analysts in more than a 120 countries around the world And there's really kind of a rising sense that because of how strong inflation is there's a disconnect between economic reality and what the fed is doing about it That's one of the things that we had a chance to ask Bill Dudley about Doubly his former head of the Federal Reserve bank of New York And here he is with Bloomberg's Tom.

Bloomberg Vinny del gide Charlie palette fed Bill Dudley Pellegrini Mike novogratz Cleveland New York Federal Reserve bank of New Yo Tom
"vinny del" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

03:56 min | 7 months ago

"vinny del" Discussed on Bloomberg Radio New York

"Of getting inflation under control The bank increased the base rate by a quarter point to 1% As expected it's fourth straight right The Central Bank sees inflation hitting double figures in October and GDP shrinking in 2023 Let's hear from the Bank of England governor Andrew Bailey We think that a lot of the work in terms of the cure is going to be done by the fact that we are experiencing a historically large shock to real incomes in this country coming from outside the country So it's a terms of trade shock in that sense It's import prices are rising That's predominantly energy food and some cool goods Meanwhile the central banks gloomy forecast sent the pound to the lowest level against the dollar in almost two years Meanwhile ECB governing council member Robert holtzman says a rate hike will be discussed and probably agreed at the bank's June meeting The Austrian Central Bank chief is the most hawkish member of the ECB's rate set in body and has repeatedly called for the institution to start a normani normalizing policy Board member Fabio Panetta however warns the region's economy is de facto stagnating And over in the U.S. today the government issues April's employment report and economists are forecasting a respectable gain in it just shy of 400,000 Bloomberg's Vinny del Judith reports So far this year America's economy has added almost 1.7 million jobs And Bloomberg economics says there's still room to run That's because the size of the U.S. labor force is below pre-pandemic levels Job openings as of March rose to a record 11.5 million unemployment claims meantime are running near half century lows Vinny del giudice Bloomberg day break Euro And that's global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than a 120 countries I'm Samuel Etienne this is Bloomberg Caroline Thank you so much Samuel there with our top stories then In terms of the markets this morning we do see stock sliding now 1% lower FTSE 100 is also down 6 tenths of 1% and the cat co off by 9 tenths of 1% Interesting though to highlight that the first 100 actually ended the day yesterday in the green and we're up by 1.6% for 2022 so far according to yesterday's closing price anyway for the FTSE which is really in stark contrast to the S&P 500 the U.S. stock 54 which have both fallen more than 10% I'm in the NASDAQ down 21% year to date So although the FTSE 100 of course still considered pretty cheap in comparison to both of those markets on a PE ratio So that in terms of the FTSE although of course part of it is being driven by the softness in Sterling the pound at the moment trading at one 23 49 So we dropped about 2% now against the U.S. dollar just yesterday and today down and a tenth of 1% this morning Looking ahead then to the rest of the day of course it's going to be all about what we get from the U.S. April jobs data out of America that drops at lunchtime average hourly wages really likely to add to the inflationary woes over in the U.S. So there is a kind of concern around that even though we're going to see probably 280,000 jobs That's the median consensus estimate for U.S. jobs Big range though between 250 and 517,000 jobs expected to be created over in America in April So that figure again at lunchtime And you can watch and listen of course the tea live blog on the U.S. employment report for April that begins at one 30 London time So it's on your terminal or the details It will start ten minutes before the official figures drop Amid of course Richard Claude the former fed chairman.

Robert holtzman Bloomberg Austrian Central Bank ECB America Fabio Panetta Vinny del Judith Andrew Bailey U.S. labor force Vinny del giudice Samuel Etienne Bloomberg Caroline Bank of England Central Bank Samuel
"vinny del" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:11 min | 7 months ago

"vinny del" Discussed on Bloomberg Radio New York

"Basis point in an increase is not something the committee is actively considering Assuming that economic and financial conditions evolve in ways that are consistent with our expectations there's a broad sense in the committee that additional 50 basis increases should be on 50 basis points should be on the table for the next couple of meetings And with more on today's fed decision here's Bloomberg's Vinny del giudice Fed officials say they're highly attentive to inflation risks as household and business costs rise at the fastest pace on four decades They also say they're far from done that it could get ugly and rates will go even higher and effective June 1st the federal start cutting the size of its $8.9 trillion balance sheet as part of its aggressive tightening campaign The fed loaded up on government bonds during the pandemic to help keep a lid on rates to see economy recovered Many doubts you like Bloomberg right now And again we do have the ten year yield 2.92% spot gold of 8 tenths of 1% 1883 the ounce West Texas intermediate crude surging 5 and a half percent today one O 8 O two a barrel Briefly Intercontinental Exchange is buying Black Knight in a deal valuing the mortgage software provider at about $13.1 billion Black Knight shares surging 13.6% intercontinental down now by 4.7% after earnings Lyft is plunging 29% Rival Uber is down by 4.6% Recapping S&P up 2.9% ten year yield 2.92% I'm Charlie Palatin that is a Bloomberg business flash I turn on the radio Yeah but you let me drive Oh no no no no Honey please I'll do the driving drive on Excuse me I want to drive It's the question with drives us This is the drive to the clubs On Bloomberg radio It is the drive to the close live from the Bloomberg interactive broker studio in New York Good afternoon and happy fed day to our audience around the world And watching.

Vinny del giudice Bloomberg fed Intercontinental Exchange Lyft Charlie Palatin Black Knight Texas Bloomberg radio New York
"vinny del" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:06 min | 7 months ago

"vinny del" Discussed on Bloomberg Radio New York

"On Garrett and Leon Caroline good morning yes and we'll start with that and Russia is shifting direction in its approach to the invasion of Ukraine Bloomberg's Ed Baxter has that story This is nearly ten weeks into the war on whether it's military stalled in many areas including just marginal gains in the east Russia is now focused on annexation of the areas it is occupied The Kremlin is installing occupation governments ordering locals to use rubles for transactions and in some cases organizing referendums to open the way for full annexation In public the Kremlin says their advance will pick up but for now this action is necessary In San Francisco I met Baxter Bloomberg daybreak Europe Elsewhere after months underground civilians were evacuated from the besieged steelworks in Mario pole yesterday but there are fears hundreds have been left behind Russia appears to have launched another attack on the plant and in the city of lviv That comes as the EU is expected to outline plans for fresh sanctions against Russia targeting oil and banking And as Caroline mentioned earlier that will happen later today Now in other news in the U.S. a Federal Reserve is poised to announce the largest interest rate increase in two decades Bloomberg's Vinny del giudice reports Inflation is running hard to harvest and 40 years and it's anticipated the fed will bring out the big guns today launching a 50 basis point rate increase Officials are also expected to provide details on trimming the fed's balance sheet pumped up during COVID-19 with government bonds to help keep rates low Bloomberg economics anticipates the balance sheet runoff will begin this month and let the fed could down the line up for a jumbo 75 basis point rate increase if the inflation outlook doesn't improve If any doubt giudice Bloomberg daybreak Europe Staying in the U.S. vice president Kamala Harris has accused Republicans of attacking women's rights following news at the Supreme Court as poised to strike down roe versus wade.

Russia Leon Caroline Ed Baxter Bloomberg Baxter Bloomberg Garrett fed Ukraine Vinny del giudice lviv Mario San Francisco Europe Caroline EU U.S. giudice Bloomberg Kamala Harris Supreme Court wade
"vinny del" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:33 min | 8 months ago

"vinny del" Discussed on Bloomberg Radio New York

"That are completely destroyed right now Our victim's family and our shooter's family Police say Ryan faces charges of murder attempted murder and criminal possession of a weapon Millions of New York student loan borrowers are among the 43 million people nationwide benefiting from the Biden administration's extension of the pandemic pause on student loan payments Biden's fourth extension of the freeze takes the resumption of payments from May 1st all the way to September 1st But some say Biden should make good on a campaign promise and cancel $10,000 worth of federal student loan debt for all borrowers Now it's law governor Kathy hochul signed the $220 billion state budget yesterday The budget which was a week late will rely on a windfall of federal funds and higher than expected tax revenues Federal Reserve officials have their hands full as they try to rein in the fastest inflation in 40 years We get more from Bloomberg's Vinny del giudice Economists surveyed by Bloomberg the third inflation forecasts They now see U.S. inflation averaging 5.7% by the end of the year along with an increased risk of recession next year The data illustrates the hurdles facing fed officials as they raise interest rates Minutes of last month's policy meeting indicate we could see one or more hefty half point increases as the fed tries to fend off inflation They need doubt Judaism Bloomberg radio Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I am Susanna Palmer This is Bloomberg.

Biden administration Biden Kathy hochul Vinny del giudice Bloomberg Ryan Federal Reserve New York U.S. Susanna Palmer
"vinny del" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:35 min | 9 months ago

"vinny del" Discussed on Bloomberg Radio New York

"Be tested over the next 5 months at a series of locations And insurance company is revealing damages done by man's best friend London based aviva said it receives an average of about 800 accidental damage claims each year involving dogs One of the most noteworthy claims it received involved a Labrador great Dane mix causing more than $5000 worth of flood damage after it turned on a water tap in its owner's kitchen Others included a dog knocking over a TV after getting excited about seeing another dog I'm Brian schuch And I'm Charlie pellet Bloomberg world headquarters Another losing week for stocks a down Friday investors vacillating between panic selling and dip buying risk sentiment deteriorated after Ukraine's top diplomat said he does not see progress in talks with Russia And ahead of next week's fed meeting investors were also keeping an eye on the latest economic data with more Here's Bloomberg's Vinny del giudice The University of Michigan reports its national consumer sentiment next dropped at the lowest since 2011 The inflation outlook dimmed We're talking about the worst and four decades in the aftermath of Russia's invasion of Ukraine The University of Michigan also reports the highest share ever of Americans seeing their finances taking a turn for the worse If any doubt should ice Bloomberg radio Apple shares fell 2.4% today with the iPhone maker suffering its longest weekly losing streak since May Apple has had its 5th straight week of losses There are many questions about banks and their exposure to Russia JPMorgan Chase and Goldman Sachs this week said they are pulling back in response to Russia's invasion of Ukraine Maya Rodriguez valladares is managing principle at MRV associates Of course Citi bank Goldman Sachs JPMorgan because they are the largest trading houses You're still going to see some volatility in their trading portfolios And it's not just going to be Russia and Ukraine It's going to be all of the enormous emerging market portfolios that they trade Myra Rodriguez valladares managing principle at MRV associates Stocks declined today with the S&P down 55 down 1.3% the Dow was down 7 tenths of 1% while NASDAQ declined 2.2% Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Charlie pellet This is Bloomberg.

Charlie pellet Brian schuch Russia Ukraine Vinny del giudice University of Michigan aviva Bloomberg JPMorgan Chase Maya Rodriguez valladares London MRV associates Of course Citi Goldman Sachs JPMorgan Apple Goldman Sachs Myra Rodriguez valladares MRV associates Stocks
"vinny del" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:31 min | 10 months ago

"vinny del" Discussed on Bloomberg Radio New York

"Interviewing for a job in the Supreme Court We'll talk with law professor Laurie ring hand of the university of Georgia but first we get a market check from Charlie pellet And I thank you very much David Weston Here's what's going on Equities lower across the board right to the numbers fast moving markets a bounce off the low but nonetheless we've got the S&P down 50 right now Drop there of 1.1% The Dow down 493 a decline of one and a half percent as stacked down 197 to drop right now of one and a half percent Tenure is up one 32nd ten year yield right now 1.92% spot gold lower by one tenth of 1% Bitcoin rallying 1.6% 37,680 right now on Bitcoin crew though a major story today Brent 96 90 a barrel that of course the global benchmark up right now by 1.6% and West Texas intermediate crude 92 70 up by 1.8% Equities lower across the board investors weighing the potential damage from sanctions to Russia after president Vladimir Putin recognized to separatist republics in eastern Ukraine and ordered troops sent to them coming up in just a moment we will be hearing from President Biden we will have those remarks for you live right here on Bloomberg radio Economic news today consumer confidence down home prices heating up and with more on that story Here's Bloomberg's Vinny del giudice Mister helpless feeling out there for many Americans Wake yourself finally increasing for many but inflation is heating away at those gains of supply shortages persistent housing cost creep higher.

Laurie ring Charlie pellet David Weston university of Georgia Supreme Court Bitcoin President Biden West Texas S Vladimir Putin Ukraine Vinny del giudice Russia Bloomberg
"vinny del" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:16 min | 11 months ago

"vinny del" Discussed on Bloomberg Radio New York

"Coming up on balance of power North Korea confirms launches of four missiles this week for Raising tensions with the U.S. same time the Beijing Olympics set to begin and of course against the backdrop of our standoff with Russia will talk to Jim Walsh of MIT about what is at stake in what you need to know First though let's get a market check With mister Charlie hi thank you very much Joe Matthew and here's what's going on the Dow The S&P nez stack they're all pushing higher right now S&P up by 50 We're closing in on the best level of the day with the S&P up by 1.2% What a week by the way the Dow up 202 right now up by about 6 tenths of 1% NASDAQ rallying 232 for the NASDAQ composite index up 1.7% NASDAQ 100 index up by a 1.8% Russell 2000 and underperformer yes higher but up by about one tenth to 1% out transports also up by one tenth of 1% Stocks climbing at the end of a week that has been marked by wild market gyrations strong earnings out of Apple luring dip buyers overshadowing fears that the fed will have to act aggressively to head off the fastest inflation since the 1980s Apple shares up 5.9% after last night's earnings reports also rallying Microsoft up today by just about 1.4% Inflation is chewing away at household income across the United States and with that story Here's Bloomberg's Vinny del giudice Despite fatter paychecks inflation is imposing a penalty disposable personal income that's income adjusted for inflation and taxes dropped in December for a 5th month Companies are lifting paid to attract workers amid labor shortages business employment costs posted the second largest quarterly increase in 15 years Many gaucher ice Bloomberg radio Ten year yield now 1.78% spot gold down 5 tenths of 1% 1787 ounce West Texas intermediate crude up 8 tenths of 1% 87 33 right now on WTI Brent the global benchmark 90 55 It is higher by 1.4% So again recapping tenure yield 1.78% this Friday we've got the S&P up 52 up 1.2% I'm Charlie pelota Matthew is a Bloomberg business flash.

Joe Matthew Jim Walsh North Korea MIT Olympics Beijing United States Vinny del giudice Russia Apple S fed Bloomberg
"vinny del" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

05:06 min | 11 months ago

"vinny del" Discussed on Bloomberg Radio New York

"5 O one od Wall Street and we check the markets every 15 minutes throughout the trading day on Bloomberg S&P futures up 6 points Down futures up 38 NASDAQ futures F 31 the Dax in Germany's up 6 tenths of a percent Ten year treasury down two 30 seconds He has 1.74% and a yield on the two year .90% and 9 X crude oil is up a quarter percent Nathan Karen we're coming off the first gain for U.S. stocks in more than a week the rebound came after Jay Powell's confirmation hearing where the fed chair looked to reassure senators about the Central Bank's plans to tackle inflation If we see inflation persisting at high levels longer than expected then we will then if we have to raise interest rates more over time we will We will use our tools to get inflation back Powell told senators the fed is on course to start raising interest rates and reduce its $8.8 trillion balance sheet While Powell received a relatively warm reception from the Senate banking committee Nathan Arkansas Republican congressman French hill was glad to see a heavy focus on inflation This issue of getting inflation under control and taking action from a monetary policy is should be the principal issue not climate change not bank regulatory opinions but their monetary policy responsibilities Arkansas congressman French hill spoke with our Washington correspondent Joe Matthew on Bloomberg's sound on catch the program weekdays at 5 p.m. eastern on Bloomberg radio And inflation remains in the spotlight today Karen with government data on consumer prices due out this morning We get a preview from Bloomberg's Vinny del giudice Hang on to your hats again Bloomberg economics is forecasting a 7% inflation rate year over year in November at his 6.8% the most since 1982 when Paul Walker was stomping on the brakes at the Federal Reserve COVID-19 is still an issue today as it has been for too long years Bloomberg economics says I'm a cron related bottlenecks could add further upward pressure through the first quarter If any doubt judic Bloomberg day break All right Vinny thank you all prices were also front and center in Asia over now what data showing inflation in China eased into December and Bloomberg daybreak Asia anchor Brian Curtis has the details The producer price index rose 10.3% from a year earlier slowing from November's 12.9% It was well below forecast The government took measures to boost supplies of commodities and it cracked down on speculation and food prices fell Now the CPI increased one and a half percent that was lower than the projection of 1.7% Home acron is hitting the economy hard and these softer numbers might give the PBOC more scope for easing Brian Curtis Bloomberg daybreak Thanks Brian Let's turn to the pandemic now and a fresh focus on vaccines We told you yesterday that Pfizer and Moderna are working on shots to target the variant But it looks like doctor Anthony Fauci is not on board with that plan Bloomberg said Baxter has the story Doctor Fauci says he feels that time should be spent developing the vaccine that could protect against the umbrella of variants passed and to come and to the interim Who's this will play a major role in protecting our population at least from severe disease in the context of the ongoing massive surge of the Akron variant he says the third mRNA dose regimen seems to be working at preventing severe disease at this time In San Francisco I'm at Baxter Bloomberg daybreak Great thank you all important news this morning for those who have gotten Johnson & Johnson's vaccine We get the latest from Bloomberg's Renee young Karen the FDA is revising its fact sheet for J&J's COVID-19 shot It now warns of the risk of a rare bleeding disorder and it includes recommendations for giving J&J's vaccine to people with existing medical conditions The FDA told J&J that reports suggest an increased risk of the bleeding disorder during the 42 days after patients received their shot Symptoms include bruising or excessive or unusual bleeding This revision comes a month after the CDC recommended Moderna and Pfizer vaccines for adults over J&J's shot I'm ready to young Bloomberg day break All right we need to thank you In Europe today vaccines are also in focus There's a warning there about getting too many booster shots Let's go live to London and get that story from Bloomberg's UN pods Good morning Ewan Good morning Nathan and Karen European regulators say that frequent COVID booster shots could adversely affect the immune system and may not be feasible The European medicines agency is warning that repeat boosters every four months could eventually weaken the immune system and tire people out It says countries should leave more time between booster programs and save them for the onset of the cold and flu season in winter Live in London I'm your import spin by daybreak Right you and thank you and finally in corporate news this morning shares a Biogen down more than 9% in early trading the federal government is limiting coverage of Biogen's Alzheimer's treatment and we get more from Bloomberg's done prisoner Last June the FDA granted Biogen's drug at helm accelerated approval despite objections from FDA advisers.

Bloomberg congressman French hill Brian Curtis Nathan Karen Jay Powell fed Senate banking committee Nathan Arkansas Joe Matthew Powell Vinny del giudice judic Bloomberg Bloomberg daybreak Asia
"vinny del" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:48 min | 1 year ago

"vinny del" Discussed on Bloomberg Radio New York

"Futures are treading water ahead of today's fed decision 6 O one on Wall Street we check the markets every 15 minutes throughout the trading day on Bloomberg S&P futures are a little changed down futures up 45 NASDAQ features down 22 the Dax in Germany's up a third of a percent ten year treasury that'll change Yields 1.44% yield on the two year .66% 9 X squared oil is down 1.1% on 77 cents at $69 94 cents a barrel There's down a quarter percent Nathan That's wait and see mode Karen ahead of today's highly anticipated policy decision from the Federal Reserve the Central Bank is now weighing high inflation against the prospect of a spreading omicron variant Here with more miss Bloomberg economics correspondent Michael McKee Fed officials have two goals at this meeting They want to show investors they are taking the threat of higher extended inflation seriously But they don't want to promise they're going to raise interest rates while inflation is at a four decade high The rapid spread of the omicron COVID variant creates a lot of uncertainty about the course of the economy We'll get their latest forecasts for prices growth and rates look for policymakers to speed up the wide down of their QE bond buying to give themselves an option to raise rates if the economy and inflation stay strong Michael McKee Bloomberg daybreak All right Michael thank you and stay tuned for fed coverage today on a special edition of Bloomberg surveillance starting at one 30 p.m. Wall Street time on Bloomberg radio and television But first ahead of that decision we get another key reading on the economy Retail sales are projected to rise 8 tenths of a percent in November and we get more from Bloomberg to Vinny del giudice Supply shortages and transport delays triggered by COVID-19 persist backing up maritime ports Bloomberg economics says that's prompted many Americans to shop.

Michael McKee Bloomberg Central Bank Nathan Federal Reserve Germany Karen Bloomberg radio Vinny del giudice Michael COVID
"vinny del" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

06:20 min | 1 year ago

"vinny del" Discussed on Bloomberg Radio New York

"Job growth slowed in November dashing Wall Street's optimistic forecasts Bloomberg's Vinny del judaize has more Job growth slowed in November with the economy posting the smallest gain this year Hiring moderated across industries but the jobless rate edged lower even with the tepid payroll gain The ISM services index set a record in November order backlogs eased to sign the supply chain could finally be untangling Any doubt should ice Bloomberg radio Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer This is Bloomberg This is Bloomberg opinion on Bloomberg radio bring you news comments and insights from Bloomberg opinions worldwide team of editors and columnists I'm Jim grosso Coming up on the show can the amic rom variant evolve and get more dangerous Plus with the emergence of a new variant will businesses be more likely to impose vaccine mandates But first who's paying for the Democrats new spending plans If you ask Democrats they'll tell you it's the wealthy But who exactly are the wealthy It hasn't been so easy to define President Biden has said that earning $400,000 makes you wealthy Some Democrats say that number should be in the millions It's a complicated topic and that's why we're bringing in Bloomberg opinion columnist Allison schrager who recently wrote a column on why defining wealthy when it comes to tax policy is such a difficult task President Biden says earning $400,000 a year makes you wealthy So what's your take on that Well I think it's partially he's right You're in the top 1% of earners If you make $400,000 although it's an economist I tend to think it's more healthy when you think of an income level to think about your income over a lifetime Because most people as non trivial number of people actually consider earning the top 5% maybe 30% of people will do that at some point in their life But maybe only do that for one or two years and those tend to be your middle age years and you also have a lot more financial pressures on you So I think when you think about well it's more instructive to think about lifetime well rather than what you were in one year And it's also as people have pointed out it depends on where you live because $400,000 in New York City is not the same as $400,000 in Boise or somewhere For sure I mean I think whenever people say that they jump all over it and partially rightly so I mean for $2000 is still a pretty nice life to have in New York City and you're earning more than most other New Yorkers But it is true that it does get you a lot less far And employers do pay more and more expensive areas to compensate people for higher cost of living but are tax system does not do that Why do you think Biden focused on the 400,000 I think it is worth noting that just in 2016 when Hillary Clinton ran her cutoff for what made someone a high earner and thus worthy of paying more taxes two 50 announced 400 And that's a big increase Much bigger than inflation So I mean it could be that he sensitive to a lot of his support is in sort of blue coastal cities that tend to have higher earning people And he certainly more popular with college educated people who have more higher orders Maybe more political pressure to sort of instead of hitting the sort of very upper middle class around the two 50 Mark to go to 400 But either way if you look at the build back better plan and still giving significant tax breaks to people in that income range So tell us about the bill better plan the latest version of it Well the latest version of it if you do make more than $400,000 you do have to pay more taxes on your investment income You have a higher capital gains tax The only higher income tax is on people who make 10 million or more So I think they can all agree that is definitely a very high earner But there's also one of the biggest line items in build back better is a significant tax cut for people who this is most entirely going to go to people who make at least 6 figures And that is restoring the salt deduction to $80,000 a year which is that when you pay taxes on your state and local your state local taxes you can write it off for your federal taxes And they lowered that limit in 2017 and he's going to bring it $80,000 or build back better And that would be a very large tax cut from higher earners because they're the ones paying significant state and local taxes And that is considered a benefit more of a benefit to blue states Yeah because they tend to have higher taxes and higher earnings As far as build back better what's your opinion of the way it frames the tax deductions Well you can I personally am not a fan I think we should all pay more taxes for spending But if you are making the argument that only the wealthy are going to pay their share and that this entire Lake will be paid for by higher earners I don't think it really achieves that As I said so the only people we're paying a significant income tax are making $10 million or more And is it in fact is a tax cut for very high earners So I don't think it's a build that promise So you think that you should consider a lifetime of earning How would that work Tell us about that Well I mean the tax code actually used to let people average their tax rate based on 5 years of earnings instead of just one year Because right now the tax code can really penalize you if you have very high income one year and very low income the next year So it used to be able to average So paying taxes in your average on your lifetime income is obviously impossible because then you would really have a serious tax bill or to have all these refunds and deductions year to year But you could do something like what we used to do where you actually pay taxes based on say 5 maybe two or even ten years of earnings instead Thanks Allison That's Allison schrager columnist for Bloomberg opinion and senior fellow at the Manhattan institute Coming up on Bloomberg opinion the emergence of ami Kron and what we should expect as we.

Bloomberg President Biden Vinny del judaize Susanna Palmer Jim grosso Allison schrager New York City Boise Biden Hillary Clinton Allison Manhattan institute
"vinny del" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:10 min | 1 year ago

"vinny del" Discussed on Bloomberg Radio New York

"Across the state jumped 20% in the past week Several parts of the state are reporting high positivity rates 10.2% in western New York 9.4% in the finger lakes and 9.3% in Mohawk valley New York City's rate which is the state's lowest edged up to 1.69% from 1.65% overnight China would face a colossal outbreak on a scale beyond anything any other country has yet seen if it were to reopen in a similar manner to the U.S. that according to a prediction based on statistical modeling by researchers at Beijing's prestigious Peking university A switch from China's current COVID elimination strategy to an American style approach with few restrictions would lead to as many as over 637,000 infections a day at according to the study which was published by the Chinese Center for Disease Control and Prevention on November 24th That would be the largest daily figure reported by any country since the start of the pandemic Wall Street anticipates another solid gain when the government issues its monthly payroll report this coming Friday we get more about that from Bloomberg's Vinny del giudice How about another half million or so That's the forecast for November payroll growth following October's gain of 531,000 jobs The prospects for America's labor market look good even as late year search and COVID-19 cases fell hospital wards in many parts of the country Weekly jobless claims were running at a half century low of 199,000 Any gauge Bloomberg radio Global news 24 hours a day on air and on Bloomberg quicktake powered by more than 2700 journalists and analysts in more than 120 countries I'm Susanna Palmer This is Bloomberg Broadcasting from the financial capital of the world Bloomberg 11 three O in New York To Washington D.C. Bloomberg 99 one to Boston Bloomberg one O 6 watt Does San Francisco Bloomberg 9 60 to the country Syria's XM channel one 19 and around the globe The Bloomberg business app and Bloomberg radio dot com This is Bloomberg businessweek With Carol matter and Bloomberg.

Chinese Center for Disease Con Mohawk valley finger lakes China Vinny del giudice Peking university New York City America Bloomberg New York Beijing Susanna Palmer Bloomberg Broadcasting Washington D.C.
"vinny del" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:36 min | 1 year ago

"vinny del" Discussed on Bloomberg Radio New York

"Caroline hepker will welcome to Bloomberg day break You have this morning where the keys to the market today will surely lie in the U.S. jobs report at 1230 lunchtime London time that is Hugely important now for the direction of the fed not just the number of jobs added but how many people are coming back into the workforce and also wage growth How much their earning It comes after the surprise Bank of England decision to keep interest rates on hold That really was a shock and it has changed the picture in terms of bond markets sovereign bonds holding on to gains now this morning You saw significant moves in the short end of rate of yields for both U.S. European and Aussie bonds at the moment the Aussie two year yield is dropping three and a half basis points this morning China's ten year yield down almost three basis points As for the market open for Europe and the U.S. futures both point to a lower start to trading you're still 50 futures down a tenth of 1% after a session where we saw Asian stocks very much in the red MSN Asia Pacific index down half of 1% The only other thing really to mention is OPEC plus not bowing to any pressure to increase production $79 14 the bow for WTI crude features So we bounce back a little bit from the losses that we saw yesterday were up four tenths of 1% this morning Okay let's bring you the details then on the jobs day picture today Investors eagerly awaiting the monthly employment report and economists are forecasting the best showing in three months on October gain of about 450,000 jobs Bloomberg's Vinny del giudice reports Bloomberg economics he's job growth picking up after two months of disappointment given the pandemic has been easing in many parts of U.S. and industries gearing up Jobless claims meantime keep setting new pandemic lows and ADP payroll data signal growth Job openings have been running at record levels Then again Bloomberg economics says the labor market recovery could be restrained in part because many COVID-19 victims are convalescing and family members are staying at home to provide care They need to help Julie's Bloomberg daybreak Europe Now on to other news the Bank of England did defy market expectations by keeping interest rates on hold I mentioned that while officials voted 7 to two to keep the benchmark rate at the record low of .1% after the decision at traders slashed rate hike bets and sent the pound tumbling also the Bank of England now sees inflation hitting 5% in April next year Meanwhile The White House says that OPEC and its allies are putting the global economy at risk after the cartel rejected President.

Caroline hepker U.S. Bloomberg Bank of England Vinny del giudice Bloomberg economics fed OPEC Asia Pacific London Europe China ADP Julie White House
"vinny del" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:49 min | 1 year ago

"vinny del" Discussed on Bloomberg Radio New York

"S and P 500 sector in the red right now being led by the reflation sensitive financials. As well as the energy stocks. Almost every stock in the Dow Jones industrial average down right now led by Intel and Goldman, Sachs, only Salesforce Khamis inching up right now. And Jones industrial average on pace for its worst week since January. Tech heavy NASDAQ 100 set a record yesterday, dropping from that record high Today, the Federal Reserve officials may be getting an itchy trigger finger. Let's find out more in this report from Bluebirds Vinny Del Giudice, the U. S economy is bouncing back and inflation is bouncing higher interest rates could follow as soon as late next year. That's the assessment of ST Louis Fed President James Bullard. Speaking on CNBC the question, Bullard says his will inflation persist. Consumer prices registered the largest year over year increase since 2000 and eight Me. Tell Jude Iceberg Radio volatility The name of the game today That could be possible when we get the options and futures on the indexes and equities expiring triple witching we call it s and P 500 right now. 41 points lower. It is down. 1% 4180, the NASDAQ 166 points lower. That's down half a percent at 14,099, the Dow Jones industrial average 480 points lower That's down. 1.4% were 33,339 2 year yield at a quarter of a percent. The 10 year at 1 46. And then you have the 30 year above 2% 2.3%. Right now we check the markets for you every 15 minutes during the trading day, right here on Bloomberg Radio. John Tucker. That is your Bloomberg business. Flash Matt John..

John Tucker Vinny Del Giudice 33,339 14,099 41 points 480 points Bullard Bloomberg Today yesterday Intel 166 points CNBC half a percent 30 year 10 year Federal Reserve today late next year James Bullard
Fed Likely to Hold Steady on Interest Rates, Bond Purchases

Bloomberg Daybreak

00:34 sec | 1 year ago

Fed Likely to Hold Steady on Interest Rates, Bond Purchases

"Decision from the central bank, plus key forecasts. Bloomberg's Vinny Del Giudice has more. Bloomberg economic says the Fed's policy statement will probably take note of economic gains while emphasizing the limited upside risksto inflation. Aside from that Bloomberg Economic sees no change to interest rate palace. You're the pace of Had bond purchases. No forward guidance, suggesting a change is afoot. Defense dot plot projections will probably signal interest rates hovering near zero through 2023. Supporting economy pummeled by covert 19, Vinny del Schutte. Nice Bloomberg Daybreak. Many thank you Oil. Also in

Vinny Del Giudice Bloomberg Central Bank FED Vinny Del Schutte
U.S. housing starts climbed nearly 3% in September

Bloomberg Daybreak

00:30 sec | 2 years ago

U.S. housing starts climbed nearly 3% in September

"Economists predict housing starts rose 3% in September, reversing in August declined more from Bloomberg's Vinny del Jude Ice Nature could influence today's housing starts Data. Bloomberg Economics is the impact of Western wildfires will likely offset the recovery from severe storms in the South. Nature side. The housing market continues to lead the virus battered economy thanks to record low mortgage rates and demand for suburban housing. Looking ahead builder confidence is running high. Any doubt shoot dice. Bloomberg Daybreak,

Bloomberg Bloomberg Economics
U.S. wholesale inventories climb in August

Bloomberg Daybreak

00:30 sec | 2 years ago

U.S. wholesale inventories climb in August

"On the Economic front today. The government issues data on August wholesale inventories economists forecast again following three straight declines. We get more from Bloomberg's Vinny del Jude Ice, preliminary data showed August wholesale inventories rose 0.5%, the most since April. 2019 factories I drove by the pandemic has been making, Dean says Businesses replenish Infant Toys. August inventory building was broad based infant toys play a key role in government GDP data beneath down through the ice. Lumbered daybreak.

Vinny Del Jude Ice Bloomberg Dean
U.S. Recession 2020: When Will the Economy Recover?

Bloomberg Law

00:35 sec | 2 years ago

U.S. Recession 2020: When Will the Economy Recover?

"Many in this many connection. As for the economic Outlook, Bloomberg's monthly survey of economists suggest it will be almost two years before the American economy returns to an even keel with that story, Here's Bloomberg's Vinny del Jude eyes, economists surveyed by Bloomberg say When 2020 is over and done with the pandemic live, Shea 4.5% off the economic growth rate. 2021 2022. The economy is forecast to grow, gradually gaining 3.6% 2.7%, respectively. It's possible those estimates could be too optimistic as Washington has yet to serve up additional economic aid.

Bloomberg Vinny Del Jude Eyes Shea Washington
Black-Owned Businesses Hit Especially Hard by Coronavirus Pandemic, Study Finds

Bloomberg Businessweek

00:29 sec | 2 years ago

Black-Owned Businesses Hit Especially Hard by Coronavirus Pandemic, Study Finds

"Reserve study warns the pandemic poses a grave risk the black owned small businesses across the United States on with that story, Here's Bloomberg's Vinny Del Giudice. The data compiled by the New York Fed Showa, 41% drop in the number of small business owners who are black. That's twice the number of total small businesses. Recent include concentration of black businesses and pandemic hot spots and the uneven reach of government aid in the early days of the crisis, many down to die Spielberg radio

Vinny Del Giudice New York Fed Showa Bloomberg United States Spielberg
Coronavirus recession is "likely," economist says

Bloomberg Law

01:30 min | 2 years ago

Coronavirus recession is "likely," economist says

"Stocks surged the most since October two thousand eight after president trump reassured investors his administration is taking measures to combat the coronavirus including stepping up testing and bolstering the oil market for the week however it was a losing week with the S. and P. five hundred index on the week plunging eight point eight percent as for the economic backdrop Jeff Kline top is chief global investment strategist at Charles Schwab we know what likely entering a global recession it's too early to tell the depth but the economy and the invulnerable to a shock after schooling last year we don't know what that shock is and if you're looking for past reference points for what has happened to markets Emily Rowland as co chief investment officer at John Hancock investments if you look at nineteen eighty seven which we would stay with yet another example of kind of a stock in a shock impact the market the market actually reclaim those prior highs in just under two years so we we would use that as an analog for what we're seeing today forecasters meanwhile see the American economy stumbling over the next three or so months and with that story here's Bloomberg's Vinny del Jude ice longest economic expansion on record is slammed into an unprecedented threat the global pandemic covert nineteen kana surveyed by Bloomberg project U. S. growth will stall in the upcoming second quarter eking out a point one percent gain and that may be generous as things evolve economists also pick the probability of a US recession at forty percent the police outlook since the financial crisis in March two thousand

Donald Trump Charles Schwab Emily Rowland Chief Investment Officer Bloomberg President Trump Jeff Kline John Hancock United States
Coronavirus Hits U.S. Business Activity

Bloomberg Best

00:37 sec | 3 years ago

Coronavirus Hits U.S. Business Activity

"Stocks had their worst week since January with the S. and P. down one point three percent amid renewed concerns over the economic impact of the corona viruses it spreads outside of China today we got data showing it's starting to impair the U. S. economy and with more here's Bloomberg's Vinny del Jude ice business activity contracted this month for the first time since twenty thirteen is the coronavirus hit supply chains the data compiled by research firm IHS Markit also show exports contracted for a second month service providers meantime reported the weakest order since the recession a decade ago while factory orders had a six

China Bloomberg Vinny Del Jude Ihs Markit
U.S. Budget Deficit Grew 25% in First Four Months of Fiscal 2020

Bloomberg Businessweek

00:30 sec | 3 years ago

U.S. Budget Deficit Grew 25% in First Four Months of Fiscal 2020

"January was a deficit month for the U. S. treasury and with that story here's Bloomberg's Vinny del Jude ice after four consecutive January's in the black the government budget office spewed writing class month deficit the thirty two point six billion dollars federal spending rose twenty two percent more than twice as fast as revenue the Congressional Budget Office is for casting an annual budget deficit topping one trillion dollars primarily reflecting increased mandatory spending is the US population

Bloomberg Congressional Budget Office Vinny Del Jude United States
Asian Shares Mixed Before Central Bank Meetings

Bloomberg Daybreak: Asia

00:28 sec | 3 years ago

Asian Shares Mixed Before Central Bank Meetings

"We got trading under way now in Hong Kong and Shanghai and across much of Asia and we have central banks in Japan Indonesia and Malaysia announcing that this policy decisions of the new year with doctor more on that story from a Bloomberg said Vinny del Judas economists surveyed by Bloomberg or for casting all three central banks to maintain your current policy and interest rates however there could be a chance at the bank of Japan sent us an opportunity to lift its growth forecast in response to a government stimulus

Hong Kong Shanghai Asia Japan Indonesia Malaysia Bloomberg Vinny Del Judas Bank Of Japan
Dow ends down after weaker-than-expected jobs report

Masters in Business

01:29 min | 3 years ago

Dow ends down after weaker-than-expected jobs report

"Stocks fell from records after the latest jobs report delivered mixed signals on the strength of the US economy and with that story here's Bloomberg's Vinny del Jude eyes America's economy added just one hundred forty five thousand jobs in December below the full year average even so Bloomberg economics as the pace of hiring wall slower is still sufficient to drive unemployment down in the new year in December unemployment was running a half century low with three point five percent down July schoolwork radio reaction from Tiffany Wilding chief economist at pimco the one forty five total payrolls gained in December and I was a little bit weaker than consensus but there's probably some quirks going on with the data because of how the thanksgiving fell on the calendar this year so actually we're more focused on the aggregate hours numbers in this report and and actually they look quite a bit weaker than they did in November and Rick reader global chief investment officer for fixed income of blackrock says you got to keep the jobs number specifically that one hundred forty five thousand gain in perspective this is a bit from the new one's going to be a bit of a bit softer that being said how could you not how is it a bit softer after these incredible reports we've had and you still hired forty thousand people in retail forty thousand people in in leisure almost forty thousand people in education health services the numbers are impressive the online mattress retailer Casper sleepers filed for an IPO it shares will be listed on the New York Stock Exchange under the ticker C. S. P.

Bloomberg America Chief Economist Pimco Rick Chief Investment Officer Blackrock United States Vinny Del Jude Tiffany Wilding Casper New York
U.S. weekly jobless claims fall, but labor market cooling

Bloomberg Markets

00:30 sec | 3 years ago

U.S. weekly jobless claims fall, but labor market cooling

"Lots of economic data today jobless claims dropping for the fourth week in a row setting the stage for tomorrow morning's monthly employment report let's get that story now from Bloomberg's Vinny del Jude ice today's jobless claims data illustrate the where with all the labor market claims fell to two hundred fourteen thousand a lowest in five weeks and not far from a half century low looking to Friday's big report Wall Street forecasts indicate the U. S. wrapped up twenty nineteen was the manual employment gain copping two million that said wait just remain a

Bloomberg Vinny Del Jude
U.S. weekly jobless claims fall, but labor market momentum waning

Bloomberg Daybreak

00:35 sec | 3 years ago

U.S. weekly jobless claims fall, but labor market momentum waning

"Thanks later today we get data on weekly jobless claims ahead of tomorrow's monthly employment report economists forecast jobless claims declined by another two thousand last week here with Morris Bloomberg's Vinny del Jude ice in the prior report jobless claims drop by two thousand two hundred twenty two thousand the third consecutive weekly decline Bloomberg economics as businesses will be hesitant to let workers going to competitive labor market assuming trade tensions seasonal global outlook stabilizers Friday the government issues its monthly labor market survey for December and economists are forecasting unemployment rate held steady at three point five percent half

Morris Bloomberg Vinny Del Jude Bloomberg
Falling imports push U.S. trade deficit to three-year low

Bloomberg Daybreak

00:39 sec | 3 years ago

Falling imports push U.S. trade deficit to three-year low

"Thank you on the economic front today we get data on the trade deficit in goods and services economists predict the trade shortfall narrowed in November here with details is Bloomberg's Vinny del Jude ice Bloomberg economics is forecasting today's report will show imports dropped this factory weakness sap demand for industrial supplies exports probably rose amid signs global trade tensions eased a bit also today at ten AM Wall Street time the I. S. service report and service industries and government data on factory orders Bloomberg customers can find a full list of economic indicators by typing eco go on the Bloomberg terminal the Dow judicial birthday break they give any it is coming up to six thirty eight on

Bloomberg Vinny Del Jude
US work productivity falls for the first time in nearly 4 years

Bloomberg Best

00:22 sec | 3 years ago

US work productivity falls for the first time in nearly 4 years

"And today we got new data showing worker productivity is down with that story here's Bloomberg's Vinny del to dis productivity a measure of business efficiency declined for the first time in almost four years hello the point three percent pace in the third quarter economic growth moderated prospects higher the government gave the cast doubt on the long term impact of White House tax dodging depart loosening

Bloomberg Vinny Del White House Three Percent Four Years
Stocks close solidly higher as jobs data eases recession fears

Bloomberg Businessweek

00:34 sec | 3 years ago

Stocks close solidly higher as jobs data eases recession fears

"Day stocks gained along with treasuries after solid hiring data quelled recession fears without crushing the odds of future federal reserve easing and with more on the jobs report here's Bloomberg's Vinny del Jude eyes America's labor market is trucking along for now even as the economy wobbles on its tracks last month three point five percent unemployment rate the lowest since nineteen sixty nine job growth totaled one hundred thirty six thousand less than the prior month less than Wall Street forecasts but better than what we saw during recession a decade ago that said the slowdown can be taken as a warning for the months ahead average hourly earnings

Bloomberg America Vinny Del Jude Five Percent
Moderate U.S. job growth expected in September

Bloomberg Daybreak: Europe

00:39 sec | 3 years ago

Moderate U.S. job growth expected in September

"In the U. S. today the government issues its monthly employment report for September economists are forecasting moderate gain of a hundred and forty six thousand non farm jobs Bloomberg's Vinny del Jew dice reports. of maladies White House tariffs manufacturing slump weak global growth are sending shivers through America's labor market Bloomberg economics is slower growth this training business confidence and ultimately hiring plans here's a symptom a barometer of service industry employment dropped in September to a five year low so for now it looks like the US economy will posted smallest any one point gain in almost a decade any doubt should ice Bloomberg

Bloomberg White House America United States Five Year
Trump Calls China a ‘Threat to the World’ as Trade Talks Approach

Bloomberg Best

01:24 min | 3 years ago

Trump Calls China a ‘Threat to the World’ as Trade Talks Approach

"The S. and P. five hundred index halted a three day advance with losses coming after Chinese trade officials canceled farm visits and president trump called the nation of threat match Malia's chief market strategist at Miller tabak he was our guest on Bloomberg businessweek we don't know exactly what happened why they left earlier why they didn't go to why aren't going to Montana what's something said in there in the negotiations that that the was hawkish and and tough and if that's the case which it seems to be it could be certainly could be is this another situation where cheese the fed cut interest rates and then presidential descent great now I can be more. with with with China as for where we go from here seem a Shaw is chief strategist of principal global investors we see acting marketing relatively well I would have to be assigned me a very modest rally I'm not hearing that the global economy recovers after a couple stabilize even toward the end of the year but it also you have to imply that that none of the shock that a threatening the global economy come to fruition household wealth kept piling up in the second quarter but debt did too with more here's Bloomberg's Vinny del Jude eyes that worth rose one point six percent to one hundred thirteen point five trillion dollars on top of the prior quarters five percent gain stocks it fresh eyes on price gains remained intact as always some people are doing better than others household debt xcelerated at the fastest pace since twenty

President Trump Malia Montana China Shaw Bloomberg Miller Principal Vinny Del Jude Five Trillion Dollars Five Percent Six Percent Three Day
A crack just emerged in the financial markets: The NY Fed spends $53 billion to rescue the overnight lending market

Bloomberg Daybreak: Europe

00:56 sec | 3 years ago

A crack just emerged in the financial markets: The NY Fed spends $53 billion to rescue the overnight lending market

"The New York fed's conducts its first repo agreement operation in a decade to ease funding pressure in the money markets the bank carried out mon fifty three billion dollars in deals to keep the fed funds rate from topping it's targeted range and the feds plans to spend another seventy five billion dollars today on the fed's repo prices of course come as policy makers to meet today the best deal will street is that the central bank will cut its benchmark interest rate by a quarter point to buffer the US economy against the slow global economic growth around the world and also White House trade tariffs big big Vinny del to dos reports now. the fed ease for the first time in a decade in late July opting for a quarter point cut Bloomberg economics of dissipates the fed will continue with quarter point increments until the three month ten year treasury yield curve is no longer inverted beyond today are economists say look for fed easing in October December and possibly early next