It shows, by the by, that the labor market is still strong the, consumers and wage earners are still strong. As i said, america is working. I think people are underestimating the underlying strength of this economy, and i want to also add this it is a middle class boom. This is a middle class boom. This is a blow outnumber, you know . Well see if the next one and the one after that are great, but theres no question this is an outstanding report well above expectations. Maria meanwhile, as expected the Federal Reserve cut Interest Rates for a third time this year by another 25 basis points. The First Reading of the u. S. Gdp grew at better than expected rate of 1. 9 . Joining me right now is jason brady, president and ceo of Thornburg Investment management. Its great to have you, thanks so much for being here. Sure. Maria you are managing, what, your 14 billion fund is the income builder fund. This is, what, global dividend payers . A supportive element of fixed income, exactly. Maria h
It shows, by the by, that the labor market is still strong the, consumers and wage earners are still strong. As i said, america is working. I think people are underestimating the underlying strength of this economy, and i want to also add this it is a middle class boom. This is a middle class boom. This is a blow outnumber, you know . Well see if the next one and the one after that are great, but theres no question this is an outstanding report well above expectations. Maria meanwhile, as expected the Federal Reserve cut Interest Rates for a third time this year by another 25 basis points. The First Reading of the u. S. Gdp grew at better than expected rate of 1. 9 . Joining me right now is jason brady, president and ceo of Thornburg Investment management. Its great to have you, thanks so much for being here. Sure. Maria you are managing, what, your 14 billion fund is the income builder fund. This is, what, global dividend payers . A supportive element of fixed income, exactly. Maria h
Good friday morning. Welcome to squawk alley. I am Carl Quintanilla with Morgan Brennan and jon fortt at post nine of the New York Stock Exchange record highs across the board as the dow is up 129. Session highs now. Absolutely. Were going to start with apple at fresh highs shares of the tech titan hitting records as three wall street analysts upgrade price targets on the stock mike molson upped his bet on apple from 270 to 290. Dan iefs sees it head for 325, and another raises to 290 from 280. Joining us, dan ives happy friday you too. Quite a run for apple from here, up 38 in the last 12 months, consequently up 30 in the last six months. Those first six months, wasnt doing much, what convinces you, is it mostly the iphone thats got that much more room, 24 or so from here to run . Great question. There are two components to the bull thesis, a lot more fuel in the tank one in terms of iphone 11 and 5g combined, i view it as a super cycle in the next 12 to 18 months we think you have 40
It shows, by the by, that the labor market is still strong the, consumers and wage earners are still strong. As i said, america is working. I think people are underestimating the underlying strength of this economy, and i want to also add this it is a middle class boom. This is a middle class boom. This is a blow outnumber, you know . Well see if the next one and the one after that are great, but theres no question this is an outstanding report well above expectations. Maria meanwhile, as expected the Federal Reserve cut Interest Rates for a third time this year by another 25 basis points. The First Reading of the u. S. Gdp grew at better than expected rate of 1. 9 . Joining me right now is jason brady, president and ceo of Thornburg Investment management. Its great to have you, thanks so much for being here. Sure. Maria you are managing, what, your 14 billion fund is the income builder fund. This is, what, global dividend payers . A supportive element of fixed income, exactly. Maria h
Labor market is still strong the, consumers and wage earners are still strong. As i said, america is working. I think people are underestimating the underlying strength of this economy, and i want to also add this it is a middle class boom. This is a middle class boom. This is a blow outnumber, you know . Well see if the next one and the one after that are great, but theres no question this is an outstanding report well above expectations. Maria meanwhile, as expected the Federal Reserve cut Interest Rates for a third time this year by another 25 basis points. The First Reading of the u. S. Gdp grew at better than expected rate of 1. 9 . Joining me right now is jason brady, president and ceo of Thornburg Investment management. Its great to have you, thanks so much for being here. Sure. Maria you are managing, what, your 14 billion fund is the income builder fund. This is, what, global dividend payers . A supportive element of fixed income, exactly. Maria how do you want to allocate kno