Economy is not significant, we overheated. There is no sense and in overheated economy or a tight labor market. Wage increases are modest. We dont see wages having tightness. Been below the 2 objective for most of the past five years. Is a transitory or are there more fundamental things at work . I think we are all watching carefully to see. We think it is important to gradually move our policy rate towards a neutral level. The economy are strong, unemployment is low, growth appears to have picked up. It is time for us to be normalizing interest rates. Around theoining me table in new york, cohead of Global Management for fixed income at global sacks. Chief investment strategist of fixed income. Coming to us from london is thinks Income Portfolio manager j. P. Morgan. Great to have you on the program. I want to begin with you. What will change for the fed given that the two individuals stay the same. Mike i dont think a lot what a lot will change but there are several differences. I th
Overheated. No sense of it overheated economy or a tight labor market. Wage increases are modest. We dont see wages having tightness. Inflation has been below the 2 objective for most of the past five years. Is it transitory or are there more fundamental things at work . We are watching carefully to see. We think it is important to gradually move our policy rate towards a neutral level. The economy are strong, unemployment is low, growth appears to have picked up. It is time for us to be normalizing Interest Rates. Jonathan joining me around the table in new york cohead of , Global Management for fixed income at global sacks. Goldman sachs. The chief investment strategist of fixed income. Coming to us from london is diana, fixed Income Portfolio manager at j. P. Morgan. What is going to change at the fed . Mike i think not a lot will change, but on the corporate side there are several differences. I think they are both consensus builders. I think you will not see anything extreme out o
Gains of the day two weeks ago the dow hit 25,000 for the first time now lets get to bob pisani on the floor. I want to point out the dow is price weighted, the biggest prigs stocks te price stocks tend to move the index. Let me show you the five dow stocks that contributed most this is a 1,000 point gain from 25,000 to 26,000 boeing is 34 of the gain. One stock is a third of the gain caterpillar, united health, home depot, 3m. Eight of the highest priced stocks in the dow. Put it together, 60 of the dows gains from 25 to 26 were five companies five out of 30 companies here. What is more interesting is the days to the rally are getting small eastern smaller. Each 1,000 point increment is getting small eastern smaller. Look, it took 109 to go from 21 to 22,000. After that, 53 dpays to go to te next 1,000, 23 days, 7 days. You get the point. This is more than just easier to hit the target this is definitely an acceleration it is euphoria, some people say it is. But its an acceleration th
Coming after the biggest weekly drop in two years. Seems like a long time ago the benchmark fell by 5 . A rise this week with end the worst weekly run since june. The twoday gain is the biggest since january 5. Stocks are on the rise once again today. A bit of Corporate News to tell you about. The biggest increase in a decade. It ended last year with a record order backlog, delivering more just than ever before. The company with a 1. 3 billion euro charge against the military and hits and it said meeting 2018 target will be dependent on overcoming issues afflicting the latest jet. Onetime items increased by 8 . 20 for thisy years figure as long as delivery targets and shares are up earlier as much as 11 . They are up a mere 8. 7 today. This is standard life. It is moving in opposite direction. It is down by 9 today. Lloyds Banking Group terminating an arrangement with this company in which britains largest active money manager oversees over 100 billion pounds of assets for the bank. It
We have great guests to talk about your markets by your politics and the economy. But first things first, lets quickly check on what the data is telling us. If you look across assets, it is very clear that stocks are down the touch. They actually recouped some of hatir losses under news t north korea is ratcheting up its threats against the u. S. The yen stay put. Im uncertain about how to trade yen. It would be one of the countries in the line of fire, if something were to happen in the Korean Peninsula. Treasuries retreating. The dollar falling for the most in two weeks, on the back of north korea. Wti. We just spoke to nine a jury in oil the Nigerian Oil Minister. Plenty more on that. It would also get manufacturing figures out of the eurozone. Better than expected. Said, geoPolitical Risks weighing on the market. Kim jongun has threatened u. S. With the highest countermeasure in history. The foreign minister includes that says that could include testing a Hydrogen Bomb in the pacif