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Number. Headline gdp growth is in line with what everyone expect ed. Government spending data, quite strong. There is some upside risks to the economy. The consumer and the labor market side of things is looking good but manufacturing is under pressure. There is clearly a pretty significant dislocation between the industrial economy and consumer economy. It is the composition of the data that is worrying the fed. There are pockets of weakness. We do see a further deceleration in the u. S. Economy going forward. Ultimately, we are moving back toward a lousy trend. Jonathan joining me around the table to discuss is marilyn watson, bob michele of jpmorgan, and george bory. Marilyn, you know how this works. You pick your bias, look at your data, and confirm the price. There is something in this for everyone. Marilyn thats right. The data was as expected, shows an economy that is still very healthy, decelerating to trend. It is above the feds own expectations of longterm growth. You saw ver ....
David i dont consider myself a journalist. Nobody else would consider myself a journalist. I began to take on the life of being an interviewer even though i have a day job of running a private equity firm. How do you define leadership . What is it that makes somebody tick . Did you think at the beginning that you were going to change Television History and the history of comedy when you were starting that show in 1975 . Lorne i dont think i thought of it in those terms, but i thought if we got on the air, and did the show, that the people who were doing the show would stay home to watch. I thought there were enough people like us, because we all come from the audience. I was probably the person who had the most experience in television, but most people, it was the first time they had been on television. David you were only 30 years old . The others were in their 20s . Lorne i think dan aykroyd was 22, john belushi was 24. Chev ....
Are at levels above 460 once again where we started last week. The 10 year yield is at 418 and much more Economic Data and this week before the fomc next week. On the equity side, looking at the biggest losers, nvidia, apple and tesla are dragging the index lower. Dollar tree shares are having the worst day in nearly a year after announcing plans to shutter about 1000 stores in an effort to improve profitability. Valero Energy Continues to rise ever hitting a record high yesterday with energy the best performing sector in the s p 500 today. Earlier today, former new york fed president bill dudley gave us his take on where the rate path goes from here. Marches off the table, may is probably off the table, too. We are talking about the fed cutting rates probably sometime this summer and it will be maybe three. Given the inflation data, maybe that will shrink to 2. There is sti ....
heard from president biden wrapping up his first speech of 2024 campaign near va valley fo, pennsylvania. he took aim at donald trump and sometimes his lack of actions that fateful day. this as we wait on supreme court and colorado springs to banff the former president trump from the ballot there. the battle for iowa, it is getting very, very nasty and an interview with ron desantis tomorrow. one of the biggest factors in the state on why he still confident that his candidate governor desantis will win. and so is investor ken fisher, predicted last year is big run up stocks when people will still running away from stocks. what is the billionaire investor see happening now? we will ask him and he s here and not leader. the teamsters boss, former president trump he just met with and who will sean o brien endorse? your world is now. boy, when it rains it pours on big news development. happy friday to you. let s go to the latest with lucas tomlinson in blue bell, penn ....
the billionaire is here, too. let s get the latest from kelly o grady in los angeles outside first republic bank that yesterday at this time, its very future was in question. not so much today. kelly? that s right, neil. first republicly closed down 62% yesterday. i just checked and looks like it s up 28% today. that s a good sign for them. we re seeing more concern with scb. the fdic is looking to avoid a bailout and look for a buyer. we re learning that the fdic is looking to hold another auction to sell svb after attempts failed this weekend. my sources tell me a number of private equity firms are considering the acquisition but they re not sold on buying the bank in its entirety yet. this comes as a shareholder class action lawsuit has been filed against the bank and the former cfo and coo. there will be many suits to follow on this front. this comes as governmental scrutiny ramps up on what went don at svb. the doj is investigating the collapse. this is routine i ....