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Good wednesday morning, welcome to squawk alley, im Carl Quintanilla and morgan brennan. Retail is a big story this morning. Well start with tech stocks on the rise including facebook and alphabet two tech names in the top five of goldmans most important positions for hedge funds. Our next guest notes that to see acceleration in online ad growth in facebook and alphabet is no surprise to see it in snap, twitter, and pinterest is notable joining us this morning on where goldman sees buy opportunities is goldmans lead analyst, keith terry. Good to see you. Thanks for having me. One dynamic has been reacceleration in revenue revenue in some of these names i think it is the most important thing. To see all five of the major online ad platforms show accelerating Revenue Growth tells you something bigger is going on this is coming amid all of this uncertainty, right weve had a lo ....
Intervening event would make it just really challenging to distinguish the tax act from the trade barriers, the pandemic, and then the high inflation and thats the challenge. Thanks so much, phil. Thanks, alan, for coming today and well take a 10 minute break and then resume at 10 00. I just want to thank you. [applause] the moderator of the session. Thank you so much for doing that. Thank you so much for having me. Welcome everyone. We desert all the result we should be worried about the deficit, climb above two and a 50 and how basically a massive problem. Talk to a lot of people should come speaking with steve eisen his famous from the big short last week and is said the deficit is been a concern for 30 years, it is never matter. If you want to bet you will be wrong. Heres the market perspective why it matters and why people care. I love the panel, i love these guests, torsten, you do put our charts and want to start with you mapping out from the market view why the deficit matters ....
You talked to a lot of people on the street and they said, the deficit has been a concern for 30 years and its never matter. If you bet on this, you will be wrong. Heres a perspective of why it matters and why people care. Love these people. You mapping out from the market view why the deficit matters in terms of dollars and sense that had to be paid out in the near term. I think as we just talk about and as we shall come when something continues to grow than we do probably need to Pay Attention to it at some point when the debt could become an issue. I think there are three double ways of tackling this on market perspective that we should really get whats going on with treasury auctions. Whats going on with how much of that is maturing which is what this chart is showing, specifically if you can see in the chart, i i know three lin, topline is market interestbearing public maturing and when your list. Let scale about 9 trillion, t ....
New york city who is helping us to h great and educated guide fr teachers speeded you canan finih watching this if you go to our website at cspan. Org. We will live there to take your life to a conference on federal spending and debt. Current debt, which is around 100 of gdp is at a level we havent seen since world war ii and is a growing cause of concern. Tackling this problem presents a variety of challenges. Today were fortunate to have a group of very smart and accomplished people who are going to share their insights. Well get to hear a variety of perspectives. To do this, we have a mix of panels, discussions and speakers. Well hear about the economic and fiscal challenges caused by the debt. The impact of debt on invests and consumers, the roles played by Social Security. Approaches for analysting fiscal policies and finally a discussion of potential policy options. And a number of dimensions of the debt challenge. For our ....
We believe this will be a winwin for our hardest hit communities and for our conservatorship objectives. Weve also received a number of inquiries about changing the eligibility requirements. Because the number of borrowers we could add by extending the eligibility date or by changing performance requirements is relatively small, we have decided not to alter eligibility parameters. Fhfa is, however, working to retarget our h. A. R. P. Outreach efforts to the approximately 750,000 of borrowers who already qualify and would financially benefit from refinancing under h. A. R. P. We are exploring outreach efforts designed to gain the trust of these in the money borrowers so they will take action to refinance. Its already in their financial interest to do so. Fhfa maintain strategical also stands to fannie and freddies multifamily loan businesses. This is a critical part of the 2014 Strategic Plan, particularly in light of the increasin ....