It is hard to talk down your currency when fundamentals are improving. The currency has been a headwind, but we believe we are justified by the domestic strength of the economy. The reason they are not too concerned yet by the euro is it s an aan end is it seems to be an exogenous shock. It is a manifestation of the confidence of the eurozone and their policy. The eurozone is now growing as much as the united states. And so, i dont know if you change Monetary Policy if it affects that much. I think the euro is correcting for a changing growth rates that is now reestablished in the eurozone. He is trying to tight rope between announcing a tapering decision ahead of the governing council, he really didnt have a lot of leverage with his words. Jonathan joining me here is the head of global bonds and chief investment strategist at pgim limited, also eric stein from eaton vance, and trey parker at highland capital management. Gents, great to have you on the program. Here is what jumps out t
It is hard to talk down your currency when fundamentals are improving. The currency has been a headwind, but we believe we are justified by the domestic strength of the economy. The reason why they are not too concerned about the euro is it seems to be an exogenous appreciation, it is a manifestation of the confidence of the eurozone and their policy. The eurozone is now growing as much as the united states. And so, i dont know if you change Monetary Policy if it affects that much. I think the euro is correcting for a changing growth rates that is now reestablished in the eurozone. He is trying to tight rope between not announcing or preannouncing a tapering decision ahead of the governing council, he really didnt have a lot of leverage with his words. Jonathan joining me here is the head of global bonds and chief investment strategist at pgim fixed income. Also eric stein from eaton vance, and trey parker at Portfolio Manager at highland capital management. Gents, great to have you on
It is hard to talk down your currency when your fundamentals are improving. The currency has found a headwind, but we believe we are justified by the domestic strength of the economy. The reason they are not too concerned by the euro is it seems to be the result of a good demand sharp, not an exogenous shock. It is a manifestation of the confidence of the eurozone and their policy. The eurozone is now growing as much as the united states. I dont know if you change monetary policy. I dont know if it would affect it much. I dont know if the euro is now affecting the changing growth rates now established by the euro. Theyre not announcing some sort of tapering the decision ahead of the governing council. He really did not have a lot of leverage with his words. Jonathan joining me is robert tipp, chief investment strategist at pgim limited, also eric stein from eaton vance, and trey parker at highland capital management. Great to have you on the program. Heres the thing that jumped out at
As the economy continues to outperform. It is hard to talk down your currency when fundamentals are improving. The currency has been a headwind, but we believe we are justified by the domestic strength of the economy. The reason why are not too concerned yet by the euro is it seems to be an exogenous shock. It is a manifestation of the confidence of the eurozone and their policy. The eurozone is now growing as much as the united states. And so, i dont know if you change Monetary Policy if it affects it much. I think the euro is correcting for a changing growth rates that is now reestablished in the eurozone. He is trying to tight rope between not announcing a tapering decision ahead of the governing council, he really didnt have a lot of leverage with his words. Jonathan joining me here is the head of global bonds and chief investment strategist at pgim fixed income, also eric stein from eaton vance, and trey parker at highland capital management. Gents, great to have you on the progra
Good thursday morning, welcome to squawk alley. Carl quintanilla with john fortt, sara eisen, and Business Insider editor in chief henry blodget, guys, good morning to everybody. Got a news alert to start things off. Inventory is out on the oil complex. Lets get to jackie. Jackie good morning, carl. You can see crude prices are pairing losses, but still negative after this report, saying last week crude inventories fell 2. 7 million, so thats a little bit supportive, but on the flip side, gasoline inventories were up 2. 5 million, so sort of cancelling each other out there. The other thing i would note is u. S. Production was actually down weve been watching this steadily creep up. 9. 48 Million Barrels a day people are waiting for it to eclipse its peak of 9. 6 Million Barrels a day, so definitely a good sign were moving in the opposite direction 50. 44, as you know, weve been trading around the 50 mark for quite some time. These numbers arent going to help us find a direction ill sen