First a check in on the market the dow lower by nearly 300 points moved low er perhaps by the fitc rating plus, some street talk around discover financial the company ceo resigning. That stock down more than 10 . Also, good news, bad news. The good, Warren Buffett adding a stake in the stock bad, home Builder Sentiment dropping sharply with rates over 7 . We begin with the warning from fitch the firm saying it may be forced to downgrade dozens of banks, big ones, including jp morgan chase, coming after recently downgrading the United States credit rating. For market reaction, lets bring in doug butler, director of research at Rockland Trust what has got fitchy feeling so well, i could rhyme but i wont. Ill also not go there. But again, fitch downgrading the banks, very core lair to what they just did. Its their really negative on the government and theyre taking this as a broad swath theyre saying the Banking Industry as a whole and greater problems which is why they would hit jp morga
Abramowicz i am jonathan ferro. Lisa abramowicz actually going to 731 lexington avenue and just making it in time. Good thing Brian Moynihan does not join for another 60 minutes. Lisa really, that is how we are going to start . I was prepared to be here early. Jonathan you want to trade . This will fill out for the next two or three hours. Brian moynihan will join us in 60 minutes. We want to start with the price action. We begin with dollar yen. Something truly historic just happened, something since not since 2007. The japanese yen is weaker even though weve just seen the first Interest Rate hike in 17 years. Lisa on one hand people were expecting this. Some of the rhetoric out of the central bank was not hawkish. They were indicating they were not prepared to hike again. That is why this currency pair is dead in the water. I do not understand this. This is what everyone was waiting for. Michael jonathan there is a big difference between the end of negative Interest Rates and the end
They conquered. Nvidia keeping report empire going but the question can they beat it going. Jensen meets caesar. Which powell will show up tomorrow. Why the 10 are loving these harsh fed policies. Plus the badgegy brook. Keeping up with the jones. I love to see crazy stuff youve seen with people trying to look rich. 6 commission on buying a home, lets say it is over. Here is a dirty little secret for agents, it never existed for them. We have Real Estate Agents that want to tell their side of the story. All that and more on making money. Charles all right, so its the morning after and the morning before. The morning after a. I. Woodstock and the books,s in the books, folks. While a. I. Stocks sort of mostly chugging along today the ramifications from this event will be felt in society and in your portfolio for years to come. Now it is the day before the fed decision. Of course conventional wisdom saying no rate cuts tomorrow but there is a lot of debate over when and how much the fed s
Maria happy weekend all, welcome to the program analyzes the week that was in position you for the week ahead. I am Maria Bartiromo as congress wrestles with the fate of tiktok another pressing National Security issue with china is happening at her own backyard, goshen a chinese electric Vehicle Manufacturers building a manufacturing in michigan that could be used by the chineseunie United States were worse thats according to top officials. Watch. I dont think theres any question the get to take advantage of the situation and add to be very vigilant of what the hell is going on. That is just the way they operate, they will establish a manufacturing unit in whatever they can and then they will use that for their own intelligence. They will engage in espionage, that is top of the list and they will use this in ways that will leverage chinese advantage these plans are deeply dangerous to our National Security and not be built. Maria the michigan plant would only be 100 miles away from Cam
Democrat kathy hogle has been governor of new york since 2021, following the resignation of then governor andrew cuomo. For her state of the state address back in january, she highlighted public safety, homelessness, hate crime prevention, and business investments, among other topics. This was just over one hour. Pursuant to the resolution duly adopted, the senate and the assembly of the state of new york are met in joint session for the purpose of receiving the annual message to the legislature from the governor of the state of new york. Ladies and gentlemen, i am proud to present kathy hogle. [ applause ] [applause] gov. hochul thank you and good afternoon. Its an honor to be back in this Hallowed Chamber thank you, and good afternoon. It is an honor to be here with you. Civic minded new yorkers have wrestled with everything from the great depression, to the every day issues that matter to the people who call new york our home. Generations have shared a solemn responsibility of repre