Says it will conduct daily repo operations to stabilize the lending market joining us for the hour, jim le camp happy friday investors dont like it when trade delegations cut their trip short. They dont, but god we can buy chinese dog leashes now. Theyve allowed a lot of things to happen and theyre not accelerating things so we need to get beyond what theyre ta talking about, beyond the saber rattling and looking at the actions. We havent ramped up tear i haves in a while then you look at the Federal Reserve board and while a lot of people were disappointed on wednesday when they didnt do too much more than say were going to cut it a quarter of a point, didnt give us a lot to go on in the future, it was more dovish than people look like he set the table for Balance Sheet expansion and Balance Sheet expansion may not be qe, but they could be mistaken as twins at a party its about the same thing. So yeah. I think some of these things are comeing off the boil whether its trade, Federal Re
Joining us for the hour stephanie link from nuveen, a tiaa company so we lost the gains is it on fears ha a trade 2k5e8s getting pushed snout is the market expecting a trade deal at this point i think were a little more optimistic about a trade deal most recently and thats why we rallied as much as we did and thats why rates actually increased over the last couple of weeks but yeah, i think the commentary today about trade kind of pushed us down. But i really think were still trying to digest what the fed said yesterday i do think it was a hawkish cut but i also thought that powell walked it back why was it a hawkish cut . Because you have the dissenters and you were talking about it yesterday you were right on it as soon as it came out yesterday about the dissenters and i totally agree with you on that heres the quandary. The Economic Data in the sfats is not bad we had great housing data yesterday, pretty good data on housing, i. P. , retail sales. Jobs continues to be good. So if he
Buy greenland. In majore are off 1. 5 indices. The s p quelling back to 2900. The 10 year yield off its lows at 1. 8 . We did get Consumer Confidence data from the university of michigan that was a little disappointing. The 2 10 spread widening, although it is still narrow. Nvidia the best performer in the h p former 500, vying wit ge. Provides trips to game makers. It is bouncing back after an incredible decline yesterday. Guy lets talk about the incredible week we have just had to pay a tumultuous is one way to describe it. Entare joined by ubs investm bank Global Markets strategist. We will correct that in a moment. The week we just had, what is your perspective . I think the bond market is not giving us a signal on u. S. Growth. The biggest question we have 2 10 inversion, is recession in the u. S. This is a global fear of liquidity trap, making a bigger comment on europe and china than it is of the u. S. The fact that the u. S. Is the highest nominal yields aaa asset is the reason
With more than 20 democrats seeking the partys president ial nomination, the candidates are spending a lot of time trying to separate themselves from the pack. Whether its name recognition, media blitzes, Campaign Rallies or simply a policy pick. Our guest today, former Colorado Governor John Hickenlooper doesnt have a name that rolls easily off the tongue and hes polling nationally at, generously, 1 . But hes the only candidate with can take credit for sparking the redevelopment of an eentire Denver Neighborhood by opening a microbrewery he has civic experience and launched his political career first as a twoterm mayor of denver and then as a twoterm governor of colorado. In his first term as mayor he reversed a 70 million budget deficit. As governor he won praise for economic development, job growth, Medicaid Expansion and job growth. He said hes running for president with real world tested policy solutions and decades of political experience. One of those policies hit squarely at a
Inflation has been much better behaved in the second half of the year. Headline inflation is down to 3. 1 . For prices rose last month of 0. 3 from october, a 3. 5 annualized rate. Is inflation to vanquish . It meaningfully coming down, and i see no reason on the path we are current me on why inflation should not gradually declined to levels that are consistent with the feds mandate and target, so supply chain issues that resulted from the pandemic and mismatches in disruption and labor markets both seem to be healing. As that happens, inflation moves down. The labor market, well it remains strong, we have had 22 months now with the below 4 inflation, which is quite a phenomenon. We have not seen that in 50 years. Still the labor market is cooling some as job openings come down, and the intensity of hiring has diminished some, but of course, we have not seen layoffs and we have excellent job creation, Labor Force Participation increasing, and at this point with the down this much and w