There is no getting around their influence. Our expert is here to get us started with a snapshot. You mentioned the fed and rates. This is a big deal, it has had a big effect on etf flows. We have seen what has gone on the bottom side of things, but we have seen other etf flows. In particular sectors. You would think tech would be number one, that it is real estate. The yield is 5 , 6 , so the thirst for yield has pushed money into interesting places. Our etfs taking over the world . Sectors, itat the is way more owned by passive than other sectors. 5 of real estate etf are owned by passive funds, that is very high. Estate etfsl are owned by passive funds, very high. This company, almost 40 is owned as passive. If we continue to see rates staying low, some of these will be majority owned by passive funds, and if rates rise, look out. Extra selling pressure. Scarlet just a matter of time. Lets bring in the chief Investment Officer of caruso investment. He has a decade of experience in e
Overheating economy or a tight labor market. Wage increases are modest. We dont see wages signaling tightness. It has been below the 2 objective the last 25 years. Is a transitory or are there more fundamental things that work . I think were watching carefully to see. We think it is important to gradually move our policy rate to a neutral level. The economy is strong, unemployment is low, growth is strong, it appears to have picked up. It is time to be normalizing Interest Rates. Jonathan joining me is cohead of Global Portfolio management at Goldman Sachs asset management. And coming to us from london, 16 fixed Income Portfolio manager at j. P. Morgan asset management. It is great to have you guys with us. I want to begin with you, what will change at the fed given the two individuals sound precisely the same . Not a lot, but i think over time there are subtle differences. First on the similar side, i think theyre both consensus builders. I do think youre not going to see anything ext
Get us started with a snapshot. You mentioned the fed and rates. This is a big deal, it has had a big effect on etf flows. We have seen what has gone on the bottom side of things, but it has also affected etf flows , in particular sectors. You would think tech would be number one, that it is real estate. Rates yield is 5 , 6 , so the thirst for yield has pushed money into interesting places. Our etf taking over the world . If you look at the sectors, it is way more owned by passive than other sectors. 25 of real estate etfs are owned by passive funds, very high. If we look at which stocks in this area, we see a company like anger, which is 46 owned by passive funds. Some of the stocks are like a canary in the coal mines. Rates continue to stay low, some will be majority owned by passive funds. And if rates rise, look out. Scarlet just a matter of time. Lets bring in the chief Investment Officer of caruso investment. He has a decade of experience in etf investment. Great to speak with y
[inaudible] that we went through our parents went through. So thats one of the problems. E police [inaudible] bullying. Because of the training they receive. Guest i think thats a good point. I think its fair to say that African American community as well as the White Community and Hispanic Community are tired as evident by the protests that weve seen in new york, the dieins, theyre tired of the racial profiling. Theyre tired of unarmed teens being shot. Theyre tired of feeling like their lives arent valued. I think thats something that needs to be addressed through both our political system, our legal system, and socially. We have to promote a cultural change to where everyone feels that their lives are valued regardless of their race. Host edward from florida. Good morning. Aller good morning. Im so glad to be on cspan. My question is we commonly speak in terms that we know that the Police Officers do a very dangerous job and we have a lot of respect for what they do because we know
Did you leak the name of mike flynn . I leaked nothing to nobody, t never have, never would. Tucker the best sign that this is in fact a big story is at the establishment press has almost uniformly moved to her defense. We will have more on rice and the media in just a minute. But first, congress meant has spent years as a champion of civil liberties. He voted against the patriot act and wiretapping it against boca data collection. To far he has not commented on rices behavior. He joins us tonight. Thanks for coming on. I do want to differ with you on one thing. When you use the term monitored, it makes it look like trump was involved. If it orders a pizza, they are going to listen to the pepperoni guy. That doesnt mean they are monitoring papa johns. Tucker they were actually monitoring the Trump Associates whether they were in the intended target, whether its not as the open question. The law, allows the u. S. Government to monitor u. S. American citizens when they are speaking with