Entirely on incoming information that bears on the outlook of the economy. Regard air in this vonnie you are the david you are the expert on the white house. Square this for me. The president tweeting he had a good and cordial meeting with jay powell, everything was discussed including interest rates. How could it have been a good and cordial meeting if the president says he hates everything jay powell has to say. This in terms of the rhetorical approach chair powell has taken an President Trump. If it is a less than 24 hour window where we saw this illustration with president President Trump speaking at the Economic Club of new york that criticized powell and then the chairman testifying in a consistent tone, a apolitical tone before members of congress. What you are hearing based upon the dueling statements is the fed chair continues to strike that consistent fed chair town we have all come to expect from the central bank and President Trump continues to raise his concerns that he ha
Open. Plus signs of a resilient consumer. Amex beats expectations, record revenue for the sixth straight quarter. And transports continue to be in focus. Theyre on pace for what would be the fifth straight weekly loss for that group. Csx reporting a mixed quarter on weaker rail demand. Knight swift saying freight demand remains steady. Lets get to that tenyear hitting 5 , as we said, late yesterday. This is what the chair had to say about bonds and rates. Are we seeing the longer run bonds . Increases in rates . Are we seeing those come through in Financial Conditions in a persistent way, and i think if you look at Financial Condition indexes, the answer, so far, would be yes, you are. Persistence, it will be a matter of just seeing whether or not but certainly, if you look at Financial Conditions indexes, theyre showing tightening, and its a lot because of longer rates. He did say a few months of disinflationary data is just the beginning, sara, of whats going to be needed. What did y
Tesla cuts plus, stocks overall are looking for some traction. This after the s p notched its fourth straight down day the nasdaq remains on pace for its longest weekly losing streak since december of 2022 and Las Vegas Sands is amongst the biggest laggards thats ahead of the open thats despite an earnings beat. Blackstone, as carl just said, alaska air, dr horton, weve got a host of companies that are reporting earnings, and well get to all of them lets kick things off with tesla today, on track to open awfully close to a fresh 52week low. Deutsche cuts to hold from buy, cuts its target to 123. They were at 250 in february as theres a whole revisiting on what exactly the future model of tesla is going to be yeah, look, if youre going to roll the dice and decide that what really matters is selfdrive, something that has not worked for anyone, to tell the truth, then what you really do is box yourself in a corner what people really wanted was a cheaper car to compete against the chinese.
Department with the details on phase two of his investigation with zeros on the state department. Remembering Edwin Jackson, Funeral Services held today. The Indianapolis Colts linebacker whose life was tragically cut short. The latest on that Illegal Immigrants charged in his death. Shocking discovery meanwhile Flights Canceled at the London City Airport after an unexploded world war ii bomb was discovered in the river near the runway. Details as they work to dismantle that device. The u. S. Figure skater becoming the First American woman to land a triple axel on the olympics. Weve got all the highlights from the first weekend at the Winter Olympics coming up this morning. All the stories coming out. Junior talk about a coming day can make doll, risk with ceo managing partner mike murphy and pollster, lee carter. Great to see you. Great to be here. Dagen where do we begin . I cant wait to see your devin nunes interview again. Maria it was interesting because he took us through what he
Producers may blunt opec cuts. Ofwill speak with tim dove pioneer Natural Resources. At theaking a look equity movers. Stocks are rising today. Stocks and bonds and sovereignties, the markets have come down from yesterdays post Health Care Even where we saw in move away from risk and into defensive assets. This is a great chart showing the inverse relationship between the sterling and the ftse 100 index. The pound has become a bit of a wait on the ftse index. Its 1. 6 gain against the dollar is undercutting interest in the ftse which is packed with those Multinational Companies whose earnings accrue when the sterling strengthens. Stanley recommends selectively buying domestic stocks and buying price year foreign exports price year foreign exports. Foreign exports. The dollar is the white line, in the ftse is the blue line. What a chart that is. That is a chart we will continue to focus on. We are tracking shares which are seeing it largest inflow since exit last week. Since brexit talk