Podcasts about amherst pierpont securities

In this Real Estate News Brief for the week ending October 8th, 2022... what the job market says about rate hikes, where renters need to “catch up” on their rent, and why dating has become somewhat of a financial burden for millennials.Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.Economic NewsWe begin with economic news from this past week, and signs that the labor market is cooling off. On Tuesday, the Labor Department reported that the number of job openings fell substantially, from 11.2 million in July to 10.1 million in August. That represents the fourth time job openings have declined in the last five months and the second largest monthly drop ever. (1)The weekly unemployment report on Wednesday also shows that more people lined up for benefits. Initial claims jumped to a five-week high of 219,000, although they remain at historic lows. But the additional 29,000 applications are an indication of a slight rise in lay-offs. The number of ongoing unemployment claims was also higher. They rose 15,000 last week to 1.36 million. (2)Economists aren't reading too much into the unemployment report quite yet however. They say the higher numbers could be due to the way the government does seasonal adjustments, although they do expect layoffs to rise gradually as the Fed raises rates.Economists are also in the wait-and-see mode regarding job openings. Economist Stephen Stanley of Amherst Pierpont Securities told MarketWatch that he wants to see another significant monthly decline in job openings before he's convinced that the job market is loosening. And then on Friday, the government reported that companies hired an additional 263,000 employees. That's a 17-month low and brings the unemployment rate down to 3.5%, but it's the slowest rate of job growth since April 2021 so it still shows a hiring slowdown.The labor shortage has contributed to inflation as workers negotiate for higher pay, but those pay increases are also slowing down. Over the past year, they've declined from 5.2% to 5%. Economists expect the Fed to continue to raise rates until the number of job openings more closely matches the number of workers available to fill them. The Fed is predicting that unemployment will grow to 4.4% by the end of next year. An article in Construction Dive points out that the hot September jobs report is also “terrible” for construction. It says that unemployment for the industry as a whole dropped to 3.4% in September, which is below the national rate of 3.5%. And that means that workers have even more negotiating power for higher wages especially among hard-to-find skilled professionals. (5)Builders are pulling back on their output, however. The Commerce Department reports that construction spending was down .7% in August. Spending for single-family construction accounted for the steepest drop. It was down 2.9%. Spending on multi-family construction was up .4%. (6)Mortgage RatesLet's see where we are on mortgage rates. Freddie Mac says the average 30-year fixed-rate mortgage was down slightly. It fell 4 basis points to 6.66%. The 15-year was down 6 points to 5.9%. (7) Realtor.com reports that home buyers have lost about $107,000 in buying power because of higher interest rates. (8)In other news making headlines…Renters Who Are Behind on their RentA new survey shows where renters are struggling the most to pay their rent. According to a report by MyEListing.com, 15% of renter households are behind on their rent right now. In some states, that number is closer to 25%. (9)It shows that South Dakota, Alabama, and New Jersey have the highest number of tenants who are not caught up on their rent. In South Dakota, it's 26% while Alabama and New Jersey are 25% and 24% respectively. As for the five cities with the highest number of renters who are not paid up, Miami tops the list at 25%. Houston, Philadelphia, New York and Chicago round out the top five.Millennials Are Going into Debt for LoveThe dating game is getting very expensive for millennials, and for other age groups as well. According to a Lendingtree survey, 22% of millennials and 19% of Gen Z'ers have gone into debt to pay for their dates. (10)Almost one in five said they're going on fewer dates because it's so expensive and 14% say they are spending less on dates. On average, men spend $104 on a first date while women spend $81.As for who should pay, in a heterosexual relationship, 54% of men say they should while 36% of women feel that way. Women are more likely to say that costs should be split, and some say whoever asks the other person for a date should pay.That's it for today. Check the show notes for links at newsforinvestors.com. While you are there, you can join RealWealth for free. You'll find a wide range of information on real estate investing and the creation of long-term wealth.And please remember to hit the subscribe button, and leave a review.Thanks for listening. I'm Kathy Fettke. Links:1 -https://www.marketwatch.com/story/job-openings-drop-below-11-million-for-first-time-since-fall-labor-market-cooling-11664893013?mod=economic-report2 -https://www.marketwatch.com/story/jobless-claims-jump-to-five-week-high-of-219-000-sign-of-rising-layoffs-11665060026?mod=economic-report3 -https://www.marketwatch.com/story/coming-up-u-s-jobs-report-for-september-11665144196?mod=economy-politics4 -https://www.marketwatch.com/story/coming-up-u-s-jobs-report-for-september-11665144196?mod=economy-politics5 -https://www.constructiondive.com/news/fridays-hot-jobs-report-terrible-construction/633693/6 -https://www.reuters.com/markets/us/us-construction-spending-posts-biggest-drop-1-12-years-august-2022-10-03/7 -https://www.freddiemac.com/pmms8 -https://magazine.realtor/daily-news/2022/10/06/happy-halloween-mortgage-rates-average-6669 -https://myelisting.com/commercial-real-estate-news/1304/rent-payments-burden-americans-the-most-in-these-cities-and-states/10 -https://www.cnbc.com/2022/10/10/millennials-going-into-debt-from-dating-lendingtree.html

We’ve seen a huge market crash this year and a number of firms reporting portfolio losses. So why were so many big investors crowded into the same trades, and what does it say about investing as a whole? Should investors be playing up to their competitive advantage, or following the crowd to profit from momentum? Steven Abrahams, head of investment strategy at Amherst Pierpont Securities, has written a new book about competitive advantages in investing. We talk to him about how different types of investors place their money and why some portfolios can survive better than others.

David Kudla, Founder, CEO and Chief Investment Strategist of Mainstay Capital, on markets, current investment strategy, and stock picks.Bob Sinche, Global Strategist for Amherst Pierpont Securities, on what's happening with the China yuan. Brian Manning, co-Founder of Centric Digital and co-author of "Digital Transformation," on the companies that are leading the digital home revolution. Geetha Ranganathan, Technology and Media Analyst for Bloomberg Intelligence, on Comcast racing against the clock to wrest Fox from Disney. 

Stephen Stanley, chief economist and Xavier Negroni, co-head of the finance desk at Amherst Pierpont Securities, join the Grant’s team to try and make sense of the jump in short rates, while speculating on the Fed’s next move. 2:17 The mighty #dollar is getting no respect 6:48 The Feds Powell debuts in front of #congress  8:30 What are #credit spreads telling us? 11:15 "#Investors have lots of choices" 17:00 Stephen forecasts the 2018 #rate hike regime Subscribe to Grant’s Podcast on iTunes, Stitcher, iHeart Radio and Google Play Music. Grant’s Interest Rate Observer is available at http://www.grantspub.com

Bob Sinche, Global Strategist for Amherst Pierpont Securities, discusses why the 10-year US yield is poised to rise 3.5% in 2018.Christopher Flavelle, climate policy reporter for Bloomberg, on how climate change is impacting real estate in Florida.Seth Pinsky, Executive Vice President and Investment Manager of the RXR Metropolitan Emerging Market Strategy, growth potential in NYC, tax reform, and outlook for infrastructure. Trista Kelley, market structure team leader for Bloomberg in London, on how the start of MiFID is impacting trading volumes.

Liam Denning, an energy, mining and commodities columnist at Bloomberg Gadfly, talks about Energy Secretary Rick Perry's plan to subsidize coal and nuclear plants. Jonathan Adams, a senior insurance industry analyst at Bloomberg Intelligence, tells Pimm Fox and Lisa Abramowicz how reinsurers face a long recovery. Scott Dorf, a Bloomberg Prophet and managing director at Amherst Pierpont Securities, discusses the bond market and his latest column, "Buy the Dip Is a Losing Strategy in the Bond Market." Finally, Alex Webb, a technology reporter at Bloomberg, gives an inside look at Apple's struggle to get the iPhone X to market on time. 

Lex Kerssemakers, CEO of Volvo Cars of North America, says Volvo's vision is that by 2020, nobody should be killed or heavily injured in a Volvo and self-driving cars are an integral part of that goal. Sam Abuelsamid, a senior analyst at Navigant Research, discusses the leading companies with automated driving systems. Bloomberg's Michele Kaske says Puerto Rico bondholder losses could be bigger than ratings suggest. Finally, Bob Sinche, a global strategist at Amherst Pierpont Securities, discusses the dollar, currencies and the impact of Trump's comments on markets.

John Allison, former president and CEO of the Cato Institute, says the Federal Reserve made mistakes in monetary policy that had severe consequences. Prior to that, Jim McCaughan, CEO of Principal Global Investors, says a weak banking system, particularly in Italy and Germany, will constrain European growth. Bob Sinche, Amherst Pierpont Securities' global strategist, says the pound will weaken to $1.20 later this year. Finally, Peter Feaver, a professor at Duke University, says the rollout of the ban on incoming refugees wasn't thought through and was ineffective. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Stephen Stanley, chief economist of Amherst Pierpont Securities, says 2016 inflation is very close to 2 percent. Craig Moffett, partner and senior research analyst at MoffettNathanson, says cable is best positioned for the next generation of wireless. Axel Merk, chief investment officer of Merk Investments, says the Fed wants to be behind the curve. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Stephen Stanley, chief economist of Amherst Pierpont Securities, says 2016 inflation is very close to 2 percent. Craig Moffett, partner and senior research analyst at MoffettNathanson, says cable is best positioned for the next generation of wireless. Axel Merk, chief investment officer of Merk Investments, says the Fed wants to be behind the curve.

Robert Sinche, global strategist at Amherst Pierpont Securities, says the long-term yield downturn is a global phenomenon. Greg Valliere, chief global strategist at Horizon Investments, says Hillary Clinton's policies aren't pro-growth. James Steel, chief commodities analyst at HSBC Securities, says the biggest driver of gold is Fed policy. Takatoshi Ito, a professor at Columbia University's School of International and Public Affairs, discusses the BOJ's independence. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

Robert Sinche, global strategist at Amherst Pierpont Securities, says the long-term yield downturn is a global phenomenon. Greg Valliere, chief global strategist at Horizon Investments, says Hillary Clinton's policies aren't pro-growth. James Steel, chief commodities analyst at HSBC Securities, says the biggest driver of gold is Fed policy. Takatoshi Ito, a professor at Columbia University's School of International and Public Affairs, discusses the BOJ's independence.

Amherst Pierpont Securities' Bob Sinche sits down to discuss the Fed Funds Rate and returning to a normalized world on Bloomberg Surveillance with Tom Keene and Michael McKee. Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

(Bloomberg) -- Taking Stock with Kathleen Hays and Pimm Fox. GUEST: FED IN FOCUS: Stephen Stanley, Chief Economist at Amherst Pierpont Securities, weighs in on the FOMC minutes and the "angry birds at the Fed."