investors brushed off comments from the chair of america s central bank, jerome powell, who s ruled out an interest rate cut next month. isaac poole, the global chief investment officer at 0reana financial services gave us his outlook on the interest rates and the markets earlier. what we are seeing here is the market really continuing to expect significant rate cuts from the fed and that has helped drive forward returns, as you say, this target was what we were expecting to hit at the end of the year, but we have seen a little bit better than expected economic data is also helping optimism, that earnings growth might pick up a bit in the next few months. so this is all bit in the next few months. so this is all about expectation for rate cuts, mr optimism because of strong earnings? i think it really does reflect rate cut expectations and a growing belief that the us can have a soft landing, because when you look at earnings growth, actual earnings growth has been slow and
helped drive forward returns, as you say. this target was what we were expecting to hit at the end of the year, but we have seen a little bit of better than expected economic data also helping optimism that earnings growth might pick up a bit in the next few months. so is this all about expectation for rate cuts? is the optimism because of strong earnings? i the optimism because of strong earninus? ~ ., , earnings? i think it really does reflect earnings? i think it really does reflect rate - earnings? i think it really does reflect rate cut - does reflect rate cut expectations and the growing belief that the us can have a soft landing, because when you look at earnings growth, actual earnings growth has been slow and negative for some companies. growth is slowing, it does cast doubt on the possibility of a re acceleration in the interim here. so it leaves that rally a little vulnerable to any failure to reach those expectations. japan s nikkei has crossed the 37,000 mark f
ever from all different fronts. and it s quite possible this may not be enough. that was conservative attorney george conway reacting to the modified gag order in donald trump s hush money case. it comes as the former president has posted the bond for the appeal in his civil fraud judgment. we ll go through both of those significant developments in just a moment. also ahead, we ll bring you the latest on two major stories out of the middle east. a deadly strike in syria. and also what appears to be an israeli strike in gaza that killed several humanitarian volunteers. plus, we ll break down the key abortion rulings yesterday from florida s supreme court and how those decisions could impact november s elections. good morning, and welcome to way too early on this tuesday, april 2nd. i m jonathan lemire. thanks for starting your day with us. and we have a very busy show. we ll begin by following a major development overnight in donald trump s new york hush money case. th
would you back out if trump backs out? no, not now. that was president biden at the white house last night answering questions about comments he made earlier at a fund-raiser. we ll go through what he said about the 2024 race just ahead. meanwhile, donald trump was pressed on his promise to use a possible second term to seek revenge and retribution. we ll bring you what he said. and then also ahead the partisan fight over the senate s foreign aid package. one contentious issue is threatening to sink the entire bill. we ll bring you the latest from capitol hill. good morning and welcome to way too early on this wednesday, december 6th. i m jonathan lemire, and thanks for starting your day with us. we begin this morning in the middle east where the israeli military has now entered southern gaza s largest city. israeli forces clashed with hamas terrorists in fierce gun battles yesterday. officials describe the fighting as the most intense day since the beginning of t
JOLTS (job opening data) had a massive surprise, three standard deviations below consensus estimates, the driving job openings to unemployed workers ratio back to pre-pandemic levels.