20 Burst results for "macropolicy perspective"

"macro policy perspective" Discussed on KQED Radio

KQED Radio

03:58 min | 3 weeks ago

"macro policy perspective" Discussed on KQED Radio

"800 progressive. I'm David Brancaccio. The government reported this morning that the unemployment rate dropped 1% to 6.9% in October, a bigger dropped and forecasters were expecting. That's from surveying. Households of parallel tally of payrolls finds there were 638,000 more people working last month compared to a month earlier. Any positive numbers an improvement, but that's the lowest amount of hiring. Since hiring resumed in June, I consulted economist Julia Coronado at Macro policy Perspectives. Good Morning. Good morning. Yeah. Ah, good report. We're creating a lot of jobs, a slower pace of recovery than we saw earlier in the summer, but Bill pretty solid and we are bringing people back to work. She put it in perspective. We've recovered just over half of the jobs we lost in March in April and looking at that unemployment rate, which will capture a lot of headlines over the next 24 hours. What do you make of this drop more than expected? Well, they come from two different surveys. The survey that underpins the unemployment rate is showed a bigger job gain its noisy for months, two months. We think the payrolls numbers are better, a better gauge of jobs. So it's a bit of a mixed picture. I think the bottom line is we are moving in the right direction. Very interesting to see that just briefly here, Julia what? November finds, right. Indeed. We don't have the physical support We had earlier in the reopening and recovery period. And we are seeing more of a mix in job creation, with some sectors losing seem like leisure and hospitality. All right. That's Julia Coronado Macro policy perspectives. Checking markets earlier losses have disappeared. Here We have the Dow Jones Industrial average at the moment down hardly at all. I just click this down one point in fact, S and P 500 down 3/10 percent. The NASDAQ composite index is down 3/10 percent. The car service Uber has now reported its quarterly results and they were crummy given the severe drop off and rides during pandemic. A bright spot food delivery. The stock is up 7% this morning. California voters this week passed proposition 20 to that. Let's ride Hale and at based food delivery companies keep classifying their workers as freelancers instead of having to hire them his employees Molly would host of our program. MARKETPLACE Tech file This for us Uber CEO Dark, So he did say on the company's earnings call Thursday that uber would definitely be pushing for more laws like prop 22 across the rest of the country. And you can see why Delivery is not a profitable business door Dash, not profitable lift. Still not profitable. Uber bought Postmates to try to get to profitability and, as we saw this week lost another billion dollars in a single quarter. Now. Yes, it is a pandemic, and the losses were less than the last quarter. But it's still a very big hill to climb to start making money. Another thing to note is that proposition 22 does require these companies to pay some benefits, A standard minimum base pay and the subsidy on health insurance that goes up the more you drive. That will, of course, still costs money. We don't know how much but if more states do enact laws like prop 22, or versions of them that actually include Mohr benefits for drivers. It's not totally clear how much the passage of this law will improve these company's finances in the long term. Molly would host of Marketplace techno. How could a company cut through with PR? When the all absorbing story of all stories of the moment is the election count? We'll leave it to Elon Musk and Tesla, the electric car company put on sale bottles of tequila. Labelled as Tesla Akilah $250 a bottle orders have already sold out of this stuff, no matter what it tastes like and I want to say Battery Acid Marketplace.

Julia Coronado Molly David Brancaccio Elon Musk Hale Tesla Akilah Tesla California Bill Mohr CEO Postmates
"macro policy perspective" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:11 min | 3 weeks ago

"macro policy perspective" Discussed on Bloomberg Radio New York

"Oakland. Chaos have 103.7 FM HD to San Francisco and Sirius X M satellite radio, Gentle 1 19. From Bloomberg World Headquarters. I'm Charlie Bell if we move into the final hour of trading on this Wednesday, November 4th 2020 the day after the presidential election day after a wild night before that evening, sowing confusion across U. S markets, investors today frantically bidding up stock, sending major averages for the biggest rallies in six months. Investorsgrowing more confident. But the tightly contested outcome will ensure key elements of the bull market remain intact for years to come as some p up now, by 92. We're off session highs but still a gain of 2.8% The Dallas Up 575 up. 2.1%. NASDAQ Up 450 Points Up Fight 4% 10 Year Yield 100.76% gold slumping 5/10 of 1% 18 99 the ounce And West Texas intermediate crewed up 3.7% 39 05 a barrel a narrow victory by either Democratic challenger Joe Biden or President Trump, coupled with a split legislature could make it unlikely that trumps 2017 corporate tax cuts and important driver to stock gains are rolled back is Joe Biden has pledged to do? As for the economic outlook, doctor Julia Coronado is the president of macro policy perspectives. We know we're in a good recovery, social distancing excuse towards cars and houses and home improvement and all the goods, the things that are boosting the manufacturing sector services, leisure and hospitality travel. These are the things that are more abundant right now Two of today's biggest postelection stock winners San Francisco based Uber And lift their driving higher after California voters approved a measure to protect the company's business models from efforts to reclassify their drivers in the state of employees. Uber shares up Now by 12.8% Lift up now by 10.5% re capping equities hire has some P up 94 to 34 60 for a gain.

Joe Biden San Francisco Bloomberg World Headquarters Charlie Bell Julia Coronado president Oakland. President Trump Dallas California
"macro policy perspective" Discussed on Marketplace Morning Report with David Brancaccio

Marketplace Morning Report with David Brancaccio

03:31 min | Last month

"macro policy perspective" Discussed on Marketplace Morning Report with David Brancaccio

"For details. GDP numbers election. There's a lot for markets to think about right now. For Marketplace in Austin Texas I'm Andy Euler in for David Brancaccio we'll get third quarter GDP growth numbers later this week and they're likely to be relatively impressive record breaking but because the second quarter was so rough, we need some context on what big numbers telling US thankfully, Julia Coronado founder of macro policy perspective is here to help us. Julia, good. Morning. Good Morning. We're curious about sort of how the markets are going to react leading up to the election but it sounds like it doesn't necessarily matter sort of what happens that we're probably not going to see any sort of injection any sort of stimulus until next year yeah. Yeah. So as the chances of a democratic sweep have risen in the polls, the markets have one become pretty optimistic about more fiscal support coming even though we got stuck in the mud. With negotiations now were not likely to get anything in Q. Four during the lame duck session. But then in the first quarter of the year, we could see you know pretty significant fiscal support legislated so. It's a bit of a mixed picture because we're going to be without fiscal support for the next several months. At a critical time we've made a lot of progress, but we've made a lot of progress because of fiscal support. So how do we weather the next four five, six months? Julia Coronado is founder of macro policy perspective Julia thanks so much for doing this my pleasure. Inspire brands the owner of Arby's Buffalo. Wild. Wings and Jimmy Johns is in talks to buy Dunkin brands, which owns the namesake coffee chain and baskin. Robbins according to the New York Times. The deal could be announced as early as today marketplace's Schwab is with us. Hey, Kristen..

Julia Coronado US founder Dunkin brands Arby David Brancaccio Austin Jimmy Johns Schwab New York Times Andy Euler Kristen Texas Robbins baskin
The U.S. Jobs Recovery Is Sputtering

Morning Edition

01:24 min | 2 months ago

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.

Julia Coronado
"macro policy perspective" Discussed on KCRW

KCRW

03:43 min | 2 months ago

"macro policy perspective" Discussed on KCRW

"The September jobs report just hit the wires, and it was weaker than expected. Just 661,000. More people were on payrolls last month compared to August. While the parallel survey of households finds the unemployment rate dropping to 7.9% that was in part due to the overall size of the labor force, shrinking as people stopped looking for work. Let's put this into perspective by turning live to economist Julia Coronado at Macro Policy Perspectives. Hi, Julia. Good morning. 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 Momenta MME 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 permanent layoff. 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 up another worrying trend here. You're pointing out to me. Some of this is women with carrying special burdens in this covert 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. My pleasure. President Trump's middle of the night Tweet, announcing that he has tested positive for Corona virus creates a wave of policy and electoral uncertainty that sent markets tumbling overnight. Marketplaces Nancy Marshall Ganz ER joins me now live from Washington, Nancy. How did market reaction unfold overnight? President Trump sent out a tweet at 12:54 A.m. eastern time, saying he and first lady Melania Trump tested positive. The Tweet says they'll begin their quarantine and recovery process immediately. But David, you can see Stop future slide down. We're just moments after that tweet about a half hour later, shortly after 1:30 A.m. eastern time the Dow future was down about 450 points, or 1.6% S and P 500 future down 1.8%. The NASDAQ fallen by more than 2% since the tweet and some of the biggest losers were stocks like Intel and Apple. The yield on the 10 year Treasury note was also down slightly and by 3:30 A.m. 2.5 hours. After the news prices had recovered just a bit. Just a bit. I'm looking at the screens. Now The Dow future is down. 408 point Still 1.5% the NASDAQ Future Down Mohr than 2%. What is Thie dynamic? Investors really don't like uncertainty, and there are so many unanswered questions here. We don't know yet if the president is showing symptoms, the White House physician sent out a letter saying the president and first lady are both well at this time. All right. And what would happen if the president were to become, you know, indisposed. The Constitution says the president can write a letter to Congress turning over his duties to Vice President Mike Pence, the vice president's press secretary, says Prince in the second lady Karen Pence, tested negative for Cove it this morning. Ah, good, Nancy. Thanks..

President Trump Julia Coronado president Nancy Marshall Ganz ER Vice President Mike Pence Karen Pence Washington David Thie White House Intel Mohr Congress Prince Apple
"macro policy perspective" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:06 min | 3 months ago

"macro policy perspective" Discussed on Bloomberg Radio New York

"San Francisco are now being allowed to return. Richard Johnson and I'm Charlie Pellet at Bloomberg World Headquarters, another day of records on Wall Street as the Federal Reserve's new inflation approach rippled through global markets. Julia Coronado is the president and founder of Macro policy Perspectives to meet the significance of what the Fed announced yet. Today is not necessarily on the inflation side. But on the employment side. They change the employment mandate from sort of the metric target around some natural rate. To an asymmetric target. They're going to shoot for full employment. They're only concerned about low employment or high unemployment. And Bill Dudley is a former president of the New York Fed, now a senior research scholar at Princeton University. He was interviewed on Bloomberg Surveillance so basically has shifted and said no, no, We don't want to get 2%. Every year. We wanted to send on average. So we underperformance elation for a bunch of years and we need to have inflation above 2% for a while, in order to keep inflation expectations around to, actually with that this whole shift designed to keep inflation expectations while anchored at 2% has for the inflation outlook. Dan Albert is founding managing partner at Westwood Capital. The problem is that we're Not producing good inflation. We've been unable to do that. What we're getting is inflation and asset price of stock market prices are going up rants and real estate are going up. At the end of the day, the good inflation that we want which are inflation, which is inflation and income, the price of goods and services that tracks incomes to Mary, that we're not getting the S and P 500 index up. 23 points up 7/10 of 1%. NASDAQ also a record up 70 up 6/10 of 1%. Today, the Dow turning positive on the Europe 161 points again of 6/10 of 1% Global to use 24 hours a day on air and on Bloomberg. Quick Take power by more than 2700, journalists and analysts in more than 120 countries. I'm Charlie Pellet. This is Bloomberg..

Charlie Pellet Bloomberg Bloomberg World Headquarters Bill Dudley Federal Reserve president and founder Macro policy Perspectives New York Fed Julia Coronado San Francisco Richard Johnson Europe Dan Albert Princeton University president senior research scholar Westwood Capital managing partner
"macro policy perspective" Discussed on KQED Radio

KQED Radio

01:52 min | 1 year ago

"macro policy perspective" 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.

David New York Julia Coronado T. Rowe
Employment bounces back in March with 196K jobs added

Morning Edition

01:53 min | 1 year ago

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 United States Founder Two Percent Eight Percent Four Percent
"macro policy perspective" Discussed on KQED Radio

KQED Radio

02:10 min | 2 years ago

"macro policy perspective" Discussed on KQED Radio

"I'm Kimberly Adams in for David Brancaccio. New numbers out from the bureau of labor statistics this morning show. We added three hundred and twelve thousand jobs in December at the same time. Unemployment rose to three point nine percent, though for promising reason as more workers jumped into the labor market. Julia Coronado is here she's founder of macropolicy perspectives. These were pretty good wages and already strong report. Right. It hit a new cycle high of three point two percent on an annual basis. That's a very solid gain. It's not very strong by historical standards. But it stronger than we've seen in recent years. So we're finally starting to see workers get raises. This seems to be the strong report. I it seems to be yet. Another disconnect story where we have these economic fundamentals that we talk about a lot and yet shakiness in the market and talk of a slowdown. Yes. So this report at least for now tells us that the global. Slow down that is hitting process therefore, the stock market valuations isn't yet affecting hiring decision. Employers are adding workers they're adding a lot of workers. So we aren't yet seeing that weakness and the prophets translate into sort of broad based pullback in hiring amongst employers. Julia Coronado is founder of macro policy perspectives. Thank you. My pleasure and fed chair. Jerome Powell tried to calm market concerns that this steady economic growth might cause the fed to raise interest rates to quickly speaking on a panel this morning at the American economic association. He said the fed is quote, always prepared to shift policy and shifted significantly end quote. Also when asked if he would resign if President Trump asked him to he said pretty quickly. No, let's do the numbers. The Dow is up two and a half percent five hundred and eighty four points. The NASDAQ and the s&p are also up this morning between two and a half and three percent. The yield on the ten year treasury note is also up a tenth of a percent at two point six five.

Julia Coronado fed bureau of labor Jerome Powell David Brancaccio shakiness Kimberly Adams American economic association Trump President three percent nine percent two percent ten year
Trump says 'big progress' on possible China trade deal

Marketplace Morning Report with David Brancaccio

01:53 min | 2 years ago

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 Founder China President Trump Shanghai Juliet F O T Twenty Five Percent
"macro policy perspective" Discussed on KQED Radio

KQED Radio

01:36 min | 2 years ago

"macro policy perspective" Discussed on KQED Radio

"The economy added one hundred and fifty five thousand new jobs in November that is slightly below. What survey suggests economic economists were expecting let's go through with. Julia Coronado founder of macro policy perspectives. Good morning. Good morning. So one hundred fifty five thousand jobs is a lot lower than the average over the past year, which was two hundred nine thousand what should we make of that? I think not much it's a it's a slower pace of hiring. There was some softness in the construction and state and local government sectors. Hiring is still pretty broad based and one hundred and fifty five thousand is still a very solid number of jobs. So a little bit of softening. But it's still still a healthy labour market, and what about wages? How are we doing on wages so wage growth like hiring came in a little on the south side of expectations? But the annual pays held above three percent where which it hit last month. So we're seeing a gradual uptrend in wages despite that softness in November. So given all of this. What does this mean for the Federal Reserve's plans to raise interest rates? I think the the plan to raise rates in December is pretty locked in. That's going to happen. I think beyond that the fed is really going to be. Looking at the data to gauge weather additional rate hikes are necessary and went so there's an and move more into fine tuning mode in twenty nineteen where they're going to raise rates have needed and as dictated by the data. Julia Coronado founder of macropolicy perspectives. Thank you so much. My pleasure. And let's do the numbers. The.

Julia Coronado Federal Reserve founder three percent
"macro policy perspective" Discussed on Marketplace All-in-One

Marketplace All-in-One

02:20 min | 2 years ago

"macro policy perspective" Discussed on Marketplace All-in-One

"Planet m Michigan where big ideas. Mobility are born. Third faces a juggling act from marketplace in New York. I'm Sabrina short in for David Brancaccio. The Federal Reserve is gathering in Jackson Hole Wyoming this week as it does every year to present and mull over economic data and trends and by golly, there's a lot to me for this year fed chair. Jerome Powell will be delivering a speech Friday morning, which bankers and investors will be paying great attention. One of the people who will be watching closely is Julia Coronado, founder of macro policy perspectives has to sort through a number of cross-currents right now on the one hand, the data has been very strong labor market is adding lots of jobs growth, his and strong. On the other hand, there are signs that terrorists are weighing on businesses plans for investment, and there's lots of trouble overseas in emerging markets from Turkey Venezuela to Argentina. So there are some concerns that that could eventually spill into the US. And slow down this. What has been a fairly robust growth picture? Does the Federal Reserve actually to put it bluntly care about what is happening to emerging markets as a result of US interest rate policy or other policy. The said cares to the extent that it can affect the United States growth outlook. So we are in a very globalized economy. We're very interconnected. We have seen developments overseas from Europe to China, affect our growth prospects. So that is the prism through which they are looking at it, Julia Coronado, founder of macro policy perspectives. Thanks so much. My pleasure. Let's take a look at the numbers. The Dow Jones industrial average is up eighty nine points that's four tenths of a percent. The s&p five hundred is up two tenths of a percent. The NASDAQ also up two tenths of a percent in the ten year treasury yield is inching down this morning. It's a two point, eight, four percent more than three hundred people have died in the southern India state of Kerala after monsoon rains caused severe flooding there. The rains are expected to slow this week, but about eight hundred thousand people have already been displaced. The flooding covered the areas,.

US Julia Coronado Federal Reserve David Brancaccio Jerome Powell founder Michigan Jackson Hole Wyoming New York India Venezuela Kerala Europe China Argentina four percent one hand
"macro policy perspective" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:49 min | 2 years ago

"macro policy perspective" Discussed on Bloomberg Radio New York

"E. t. f. a. down friday but a winning week third in a row for the s. and p. five hundred index it didn't advanced by less than one tenth of one percent we are coming off of a busy week for owning sebastian page is head of asset allocation of t. rowe price a lot of this is driven by a tax cuts if you adjust for the tax cuts it's still pretty good though you're looking at twelve thirteen percent earnings growth eighty percent are beating estimates and this compares to sixty nine percent average for the last three years as for the interest rate environment julia coronado is president and founder of macro policy perspectives they don't think that presidents Tweets or answers, to questions, are going to alter the way the fed makes its decisions from here I think they're going to follow their process moving to a neutral stance very gradually yields on treasuries climbed as President. Trump doubled down on comments that he is unhappy with. The Federal Reserve tightening after the administration has worked so hard to grow, the economy Jerome Schneider is head of short-term portfolio management at pimco, when, you look at the trajectory when you look, at where we are. With growth patterns and more importantly when you look at the fed. Dots which will obviously remain iterative over the periods of time. They're still so Benny three point four percent criminal rate after the bell life point surge on a report that Apollo. Is in talks for a buyout stocks lower SNP down. To a drop of about one tenth, of one percent the Dow down six down less than one tenth of. One percent NASDAQ down five down one tenth of one percent global news twenty four hours a day on air and at tick tock. On Twitter power by more than twenty seven hundred journalists. And analysts in more than One hundred twenty countries I'm Charlie Pellett this is Bloomberg This is the business of sports. From Bloomberg radio thank you very.

Federal Reserve Bloomberg president and founder Jerome Schneider julia coronado Trump Twitter President pimco Charlie Pellett Benny one percent twelve thirteen percent sixty nine percent twenty four hours eighty percent four percent One percent
"macro policy perspective" Discussed on KQED Radio

KQED Radio

02:25 min | 2 years ago

"macro policy perspective" 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.

david brancaccio us julia coronado founder four percent nine percent three percent six percent two decades
"macro policy perspective" Discussed on WNYC 93.9 FM

WNYC 93.9 FM

02:34 min | 2 years ago

"macro policy perspective" 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.

us julia coronado founder four percent nine percent three percent six percent two decades
"macro policy perspective" Discussed on KBNP AM 1410

KBNP AM 1410

01:45 min | 2 years ago

"macro policy perspective" Discussed on KBNP AM 1410

"Trauma in new york city audience wells wide good morning good morning this is bloomberg surveillance alongside some cain on jonathan pharaoh on a rage on thursday the united states softening its stance on tariffs exemptions may be available to canada and mexico but no to china china binding bank promising a justified and necessary response to any efforts to incite a trade war leaving the european central bank so why international tension with a stronger domestic economy investors waiting for that rate decision from the cp and the president mario draghi in a markets then it's gary hope that's the field this morning up nine points on the dow s p 500 features positive five or six points as we approach the open events who hasn't thirty minutes away as we wait for that right decision from the cp in about forty five minutes time than 45 minutes after that we'll hear from president mario draghi eurodollar soft a hair wake up about a third of one percent we move lower to one 2003 seventy nine it's around things that nepal market for you the situation in sri yields are unchanged at two eighty seven on a us 10year and are rents who 25 on a us twoyear note i'm really place to say the coming from the federal reserve to be empire about suit macro policy perspectives is julia coronado the founder and president of macro policy perspectives judea great to have you with us on the program do we assume that this is a softening of the stance on trade from this administration i think it's part of the back and forth that's part of this kind of a process sort of bluster and then in negotiation it's it's all proceedings sort of very quickly apparently president still talking with stakeholders here in the us overnight so the announcement might slip until tomorrow we'll see is not on the schedule for today so.

cain jonathan pharaoh united states canada mario draghi founder and president president new york bloomberg mexico china nepal julia coronado forty five minutes thirty minutes one percent 45 minutes twoyear 10year
"macro policy perspective" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:44 min | 3 years ago

"macro policy perspective" Discussed on Bloomberg Radio New York

"Johnson big warm welcome to new york new york and the thank you caroline good day to you both we've got the dow the sp nasdaq all portion ira right now that means records stocks turning higher technology shares bolstering major indexes as investors continued a price in the impact of tax cuts before corporate earnings start later in the week investors were also still taking apart friday's jobs report one area of concern was the loss of retail jobs julia coronado is a former fed a communist and president of macro policy perspective she was interviewed on bloomberg television this is the traditional retail child is right these are the store jobs and they are disappearing they are for the year as a whole there was a loss of those jobs and meanwhile warehousing ads job so this is the transformation in retail from instore to amazon it's not like stores are going away but they are not growing the way they were in the past or the the way they would have with robust consumer spending tesla having its biggest entered jump since august third gaining back the losses after reporting weak model three numbers last week tesla shares their rallying to they by six point one percent the engineer who was fired by google after he criticised its diversity policies for ignoring differences between the sexes is suing his exemployer alleging that he and others that the internet giant were harassed over there conservative political views alphabet parent of google up today by four tenths of one percent gopro story we are continuing to watch where report from cnbc's says that gopro may be putting it up play itself up for sale hiring jp morgan chase gopro shares they're down right now by ten point five percent they had been down more than.

Johnson new york dow retail jobs engineer google cnbc gopro julia coronado president bloomberg amazon tesla one percent five percent
"macro policy perspective" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

02:14 min | 3 years ago

"macro policy perspective" Discussed on Bloomberg Radio New York

"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 i mean that that's a that's a harsh reality are you willing to predict wage growth now i mean i think we might see some upward rush her you know a little bit next year but that has been consistently one of the biggest disappointments this year wage growth just won't accelerate it's not even accelerating in sectors that are doing well and reporting tightness and labour markets like construction so there's something much more fundamental going on in terms of the labour bargaining process as far as your consent judy as we spend the rest of the morning talking about this deal between 21st century fox and disney this is classic like psycho behavior yeah absolutely absolutely mergers and acquisitions you know i it's not like there's an acceleration in growth to invest into and that's i mean this is the proof in the pudding right i mean and we even when ceos were asked what they would deal with a tax cut very few say that they're gonna invest in higher as a result right this is this is bottom line boosting that's gray that helped share prices but it's not something that's going to flow freely into the real economy in a meaningful way julia karnei democracy macro policy perspective president and found that joining us on the federal reserve and that deal this just crossed the wire rice as they finally get their folks it's disney get into chunk of 21st century fox who would have full this time last year the group who would be selling and if they don't or your from what i torture experts of this truly john farrow noone yeah and the question remains in as you say it's not in the press releases where does this leave james murdoch what does that leave james murdoch and does he does he get any kind of opposition within the the walt disney company i wonder what will do with simpson's for insurers a serious about that very felt what what what are you worried about why do you think i became became is sought by inspired by homa inspired by its poetry wow it's a chimera can shakespeare then it got something like them truly corn out of thank you so much my pleasure unfair on our will continue on simpson's he allergy this.

julia president james murdoch the walt disney company simpson john farrow
"macro policy perspective" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:38 min | 3 years ago

"macro policy perspective" Discussed on Bloomberg Radio New York

"Twenty percent now nothing by moods ifor central has been it's been adenaur taken on microphones off says trouble good morning everybody good afternoon it is monday november twenty seven 2017 cominister law core johnson both of us in our bloomberg 1130 of studio awassa fund selfrule of the show and we were talking about saving capital as my love this stuff who's are for saving capitalism even the professors berkeley we'll talk about an more fries first escaped to charlie pellett liver latest move and i thank you very much cory johnson welcome back to new york and we thank you carol massar we have gone off the dow s both higher right now little change nasdaq lower also little change stocks fluctuating at the start of a busy week as declining oil prices pull down energy stocks right now with us intermediate down one point three percent lower by seventy five cents a barrel to fifty eight dollars and the twenty one cents western digital seagate tech algerian micron technology dragging on the one not a nasdaq one hundred index after morgan stanley downgraded western digital now as for the interest rate backdrop julia coronado is the president and founder of macro policy perspective i think that they go into some very they've they've telegraph that very clearly and i think right now the goal on the fomc is to get closer to a neutral stance to get that fed funds rate up up another hike another two hikes and then to look around and see where are we law holiday shopping season off to a strong start retailers of pure to be continuing the momentum today's cyber monday the biggest online spending day.

bloomberg cory johnson new york oil prices energy stocks micron technology morgan stanley western digital julia coronado president and founder fomc carol massar nasdaq seagate holiday shopping cyber monday fifty eight dollars Twenty percent three percent
"macro policy perspective" Discussed on Bloomberg Radio New York

Bloomberg Radio New York

01:31 min | 3 years ago

"macro policy perspective" 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.

virginia assault houston free trade north american president julia coronado bloomberg congressman federal government congress charlottesville texas hurricane harvey trump president and founder francine david gura north carolina mark bradley walker