Podcasts about Beige Book

In the latest episode of Facts vs Feelings, Ryan Detrick, Chief Market Strategist, and Sonu Varghese, VP, Global Macro Strategist, dive into the sharp late-November market swings, why December historically favors gains, and how shifting Fed expectations have driven sentiment. They break down sector rotation, the surprising divergence between crypto and junk tech, the return of market breadth, and the growing possibility of reflationary growth into 2026. The conversation also covers rising unemployment data, an increasingly divided Fed, and how the accelerating AI investment race may continue fueling key parts of the market.Key TakeawaysMarket Breadth Expansion: The advance-decline line hitting new highs shows the rally is widening beyond just mega-cap tech.Sector Rotation Strength: Technology lagged in November while healthcare, materials, staples, and financials helped offset the pullback—validating diversified positioning.Fed Rate-Cut Expectations Whipsawed: Odds of a December cut plunged below 30% before surging back above 80% due to rising unemployment, dovish Fed commentary, and Beige Book labor softness.Reflationary Growth View for 2026: Strong global commodities, resilient demand, and expected Fed easing support the case for reflation rather than recession.Crypto Decouples from Junk Tech: Bitcoin fell sharply while non-profitable tech surged, breaking a correlation that typically signals risk-on/off behavior.AI Spending Cycle Accelerates: Competition among AI leaders is driving massive capital spending—benefiting chipmakers, data centers, and related sectors.Connect with Ryan:• LinkedIn: Ryan Detrick• X: @ryandetrickConnect with Sonu:• LinkedIn: Sonu Varghese• X: @sonusvargheseQuestions about the show? We'd love to hear from you! factsvsfeelings@carsongroup.comHashtags#FactsVsFeelings #CarsonGroup #MarketOutlook #FedPolicy #Reflation #InvestmentStrategy #Macroeconomics #FinancialMarkets #YearEndRally

Bankrupt subprime retailer Tricolor's 10,000 remaining vehicles may be sold by March 2026 if trustee Anne Burns' motion is approved.Tricolor backup servicer Vervent and vehicle management company Holman will sell all remaining vehicles, if the motion is approved by Judge Michelle Larson. This includes vehicles that may belong to Tricolor's creditors, through third-party auctioneers, according to court documents.The proposal came ahead of former Tricolor Chief Executive Daniel Chu's motion seeking to shore up $15 million in legal defense funds, according to U.S. Bankruptcy Court of the Northern District of Texas Dallas Division court documents. The funds are from insurance payments made by Tricolor before it went bankrupt, according to the documents.Across the subprime auto industry, credit health is declining. Early-stage delinquencies across nonprime securitized auto loans rose 88 basis points year over year and the rate of nonprime securitized loans more than 60 days past due rose 65 basis points YoY in October, according to Kroll Bond Rating Agency's auto loan asset-backed securitization index.Meanwhile, new-vehicle sales were down in five of the 12 regions covered by Federal Reserve banks, according to the most recent edition of the Fed's Beige Book. New-vehicle sales were weighed down by declining consumer demand and EV sales.Automakers offered low APR options and cash-back incentives for Black Friday to stay competitive on rates while balancing affordability concerns. Dealers also expect a short-term dip in wholesale used-vehicle inventory through December as fleet management companies hold onto cars longer.In this episode of “Weekly Wrap,” Auto Finance News Editor Amanda Harris, Senior Associate Editor Truth Headlam and Associate Editor Aidan Bush discuss trends across the subprime auto market, vehicle incentives and Tricolor's Chapter 7 bankruptcy for the week ended Nov. 28.

The St. Louis Fed's Matuschka Lindo Briggs, senior vice president and regional executive of the Little Rock Branch, and Charles Gascon, economist and research officer, discuss economic insights from the latest Beige Book release highlighting the Arkansas region and the Eighth District.

This week, we discuss the Fed's whiplash on December rate-cut expectations, why markets are being driven more by positioning and volatility than fundamentals, and how AI-led CapEx is masking weakness across the real economy. We also dig into the Beige Book's warnings on employment and AI-driven layoffs, the political pressure building into 2025, and Mike Green's viral case that the true cost of living is far higher than official statistics admit. Enjoy! — Follow Tyler: https://x.com/Tyler_Neville_ Follow Quinn: https://x.com/qthomp Follow Felix: https://twitter.com/fejau_inc Follow Forward Guidance: https://twitter.com/ForwardGuidance Follow Blockworks: https://twitter.com/Blockworks_ Forward Guidance Telegram: https://t.me/+CAoZQpC-i6BjYTEx Forward Guidance Newsletter: https://blockworks.co/newsletter/forwardguidance __ Weekly Roundup Charts: https://drive.google.com/file/d/1DZ5AtLuZZxGT5hWw3jq2V-r_9jBgruEE/view?usp=sharing — Grayscale offers more than 30 different crypto investment products. Explore the full suite at grayscale.com. Invest in your share of the future. Investing involves risk and possible loss of principal. https://www.grayscale.com/?utm_source=blockworks&utm_medium=paid-other&utm_campaign=brand&utm_id=&utm_term=&utm_content=audio-forwardguidance — Timestamps: (00:00) Introduction (02:49) Rate Cut Odd Whipsaw (09:48) Grayscale Ad (10:27) Market Structure & Positioning (15:14) Debating the AI Race (23:59) Gameplan for Next Year (31:31) Grayscale Ad (32:18) 2026 Cuts & New Fed-Treasury Vision (38:34) Gold Miners & Trading Commodities (42:18) Oil & Energy Policy (46:22) Mike Green & the K-Shaped Economy (55:17) Final Thoughts — Disclaimer: Nothing said on Forward Guidance is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are opinions, not financial advice. Hosts and guests may hold positions in the companies, funds, or projects discussed. #Macro #Investing #Markets #ForwardGuidance

Hong Kong's worst residential fire in more than half a century has killed at least 44 people and left hundreds missing, as rescue workers race to extinguish the blaze and Chinese President Xi Jinping urges all-out efforts to reduce casualties. Rescue efforts continued overnight after a fire that began around 3 p.m. Wednesday turned an eight-tower housing block in northern Hong Kong into an inferno, sending thick black smoke billowing into the sky. Officials said the blaze began on a section of the bamboo scaffolding encasing the complex, which is still widely used in the city. Bloomberg's Minmin Low is on site. Investors continue to keep an eye on the increasing probability of a December interest rate cut. What does that mean for Asian Markets? We heard from Hartmut Issel, UBS Wealth Management Head of APAC Equities and Credit. He spoke to Bloomberg's Avril Hong and Shery Ahn on the Asia Trade. Plus - Wall Street extended its rally on Wednesday. Tech stocks led the climb in US equities as rising expectations for interest-rate cuts helped carry traders' newfound optimism into the Thanksgiving break. Also, the latest Fed survey showed little change in US economic activity during recent weeks. The so-called Beige Book also found employment declined slightly -- and prices rose moderately. We spoke to Patrick Kennedy, Founding Partner at All Source Investment Management.See omnystudio.com/listener for privacy information.

Markets pushed higher yesterday ahead of Thanksgiving as hopes for a December rate cut grew. Tech stocks led the gains while investors watched fresh clues from the Beige Book and jobless-claims data.➡️ Just a quick reminder, Capital Markets Quickie is brought to you by AMF Capital AG, Asset Management Frankfurt, your leading provider for individual investment solutions and mutual funds. Visit https://www.amf-capital.de for more information.>>> Make sure to check out my newsletter "Cela's Weekly Insights":https://endritcela.com/newsletter/>>> You can subscribe here to our YouTube Channel “MVP – Main Value Partners”:https://www.youtube.com/@MainValue>>> Visit my website for more information:http://www.endritcela.com>>> Follow me on LinkedIn:https://www.linkedin.com/in/endrit-cela/>>> Follow me on Instagram:https://www.instagram.com/endritcela_official/Disclaimer for "Capital Markets Quickie" Podcast:The views and opinions expressed on this podcast are based on information available at the time of recording and reflect the personal perspectives of the host. They do not represent the viewpoints of any other projects, cooperations, or affiliations the host may be involved in. "Capital Markets Quickie" does not offer financial advice. Before making any financial decisions, please conduct your own due diligence and consult with a financial advisor.

26/11 Wall Street chiusa per Thanksgiving. Si festeggia in anticipo: quarta seduta in verde, Apple da record. S&P e Dow cancellano le perdite di novembre grazie alla FED. Beige Book, le ombre dell'AI sul lavoro. Bitcoin sopra 92.000 dollari, crolla il Vix. In Asia, indici positivi: record per la borsa indiana. Il Pentagono mette in discussione Alibaba, Baidu e BYD. Crolla Cina Vanke. Futures contrastati in Europa, oggi minute Bce sotto i riflettori MFE. Il mercato premia la Reeves. Tether: il downgrade di S&P e la risposta di Paolo Ardoino.  Learn more about your ad choices. Visit megaphone.fm/adchoices

Singapore shares inched higher today to track gains seen in Asia. The Straits Times Index was up 0.39% at 4,519.06 points at 2.14pm Singapore time, with a value turnover of S$531.05M seen in the broader market. In terms of counters to watch, we have IHH Healthcare, after the healthcare company yesterday posted a net profit of RM616 million (S$194.3 million) for its third quarter ended Sep 30, a 15 per cent increase from RM534 million in the year before. Elsewhere, from how South Korea’s central bank kept interest rates unchanged as widely expected, to how Intel denied allegations by Taiwan Semiconductor Manufacturing Company (TSMC) that one of its executives, Lo Wei-Jen, who formerly worked at the Taiwanese chipmaker, had leaked trade secrets – more international and corporate headlines remained in focus. On Market View, Money Matters’ finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.See omnystudio.com/listener for privacy information.

The ASX200 closed up about 0.7%, marking three consecutive days of gains and a weekly rise of roughly 2.2% after last week’s 2.5% slump. Hotter‑than‑expected inflation (headline 3.8%, core 3.3%) pushed RBA rate‑cut odds down to 24% for May. Materials, health and consumer stocks led the upswing while tech, telcos and utilities fell. Zip jumped 7% and DroneShield 8% after a European defence contract; Temple & Webster slumped 33% on a weak trading update. Looking ahead, US inflation, jobless claims and durable‑goods data, plus the RBNZ, UK budget and Beige Book, will shape market sentiment. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.

Kia ora,Welcome to Thursday's Economy Watch where we follow the economic events and trends that affect Aotearoa/New Zealand.I'm David Chaston and this is the international edition from Interest.co.nz.And today we lead with news notable data in both Australia and New Zealand yesterday has reset our currencies and our benchmark interest rates.In New Zealand of course it was the market reaction to the RBNZ OCR cut, in Australia it was the unexpected rise in their CPI inflation. Both had a cumulative impact in both countries.But first. American mortgage applications has week were little-changed, but refinance activity softened noticeably while new purchase activity was firm, despite mortgage interest rates creeping up.Actual US initial jobless claims rose to 244,000 last week from the prior week's 218,300, but that puts them almost identical to year-ago levels. Continuing claims are now 1,796,000, +4.3% higher than year-ago levels.Catch-up data for US durable goods orders for September was mildly positive from August but were a good +9.6% higher than year-ago levels. Excluding aircraft and defence orders, capital goods orders were little-changed from a year ago.More current, the Chicago PMI came in much more negative in November than the weak October level with weakness building in new order levels, production, and employment. It is now down approaching ten-year lows.We get the Fed's Beige Book later this morning and it too is expected to report weaker conditions. Of special interest will be what they found in these surveys on inflation pressures.Across the Pacific, Singapore reported strong rises in industrial production, rising +29% from a year ago an that was their largest gain in over ten years.In Hong Kong we should note a tragedy. A massive fire has engulfed multiple high-rise residential blocks in Hong Kong's northern Tai Po district overnight, killing at least 36 people with hundreds still missing They struggled to bring the blaze under control.In Australia, CPI inflation accelerated to 3.8% in October, up from 3.6% in September and above expectations of a 3.6% increase. It is well above the RBA's 2-3% target range. This is the highest inflation reading since the monthly data series began in April 2025. They are likely to get rate hikes in 2026 now.And staying in Australia, total construction work fell -0.7% in Q3-2025 from the prior quarter, missing expectations for a +0.4% rise. But it held its year-on-year +2.9% growth in Q3. The quarterly downturn was driven primarily by a sharp drop in engineering work based around infrastructure projects.Here in New Zealand, yesterday's Monetary Policy Statement brought a more hawkish tone than financial markets were expecting and that caused a rethink in how interest rate pricing was set, resulting in a rise across the board in rates.The UST 10yr yield is now just on 4.00%, up +1 bp from this time yesterday.The price of gold will start today at US$4166/oz, and up +US$29 from yesterday.American oil prices have risen +50 USc from yesterday to be just on US$58/bbl, while the international Brent price is now just on US$62.50/bbl.The Kiwi dollar is up a sharpish +80 bps from yesterday, now at just over 56.9 USc. Against the Aussie we are up +40 bps at just under 87.4 AUc. Against the euro we have risen +60 bps to 49.1 euro cents. That all means our TWI-5 starts today at just under 61.6, and up a significant +80 bps.The bitcoin price starts today at US$87,560 and up +0.6% from yesterday. Volatility over the past 24 hours has been modest at just on +/- 1.0%.In the US, S&P Ratings has downgraded its stability rating of stablecoin Tether to 'Weak", concerned it is undercollateralised - that is, it no longer has the backing to maintain is USD peg.You can get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. And we will do this again tomorrow.

US officials are having early discussions on whether to let Nvidia sell its H200 artificial intelligence chips to China, according to people familiar with the matter. Helen Zhu, Managing Partner and CIO at NF Trinity, recaps last week in the AI trade, and the current the appetite for risk assets. Plus, markets are looking ahead to more shutdown-delayed data and the Fed's Beige Book survey. Grace Glockner, Director of National Accounts & Investment Team Member at Scharf Investments, discusses the AI trade, the recent consumer sentiment data, and how "Steady Eddie" companies are shaping her outlook for the New Year.See omnystudio.com/listener for privacy information.

Kristina Clifton and Carol Kong discuss the top influences on currency markets this week including Australia's October CPI, the Federal reserve's Beige book, the Reserve Bank of New Zealand's policy announcement and the UK Autumn Budget.  They also discuss the possibility of FX intervention in Japan. Disclaimer:  Important Information   This podcast is approved and distributed by Global Economic & Markets Research (“GEMR”), a business division of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (“the Bank”).  Before listening to this podcast, you are advised to read the full GEMR disclaimers, which can be found at www.commbankresearch.com.au.   No Reliance  This podcast is not investment research and nor does it purport to make any recommendations. Rather, this podcast is for informational purposes only and is not to be relied upon for any investment purposes.  This podcast does not take into account your objectives, financial situation or needs. It is not to be construed as a solicitation or an offer to buy or sell any securities or other financial products, or as a recommendation, and/or investment advice. You should not act on the information in this podcast.   The Bank believes that the information in this podcast is correct and any opinions, conclusions or recommendations made are reasonably held at the time given, and are based on the information available at the time of its compilation. No representation or warranty, either expressed or implied, is made or provided as to accuracy, reliability or completeness of any statement made.  Liability Disclaimer  The Bank does not accept any liability for any loss or damage arising out of any error or omission in or from the information provided or arising out of the use of all or part of the podcast.   Usage of Artificial Intelligence  To enhance efficiency, GEMR may use the Bank approved artificial intelligence (AI) tools to assist in preparing content for this podcast. These tools are used solely for drafting and structuring purposes and do not replace human judgment or oversight. All final content is reviewed and approved by GEMR analysts for accuracy and independence. 

The Fed says it's “flying blind,” but somehow keeps reaching for the autopilot. In this episode of The Higher Standard, Chris, Saied, and Rajeil break down the latest 25-basis-point rate cut and the confusing logic behind Jerome Powell's “data-driven” decision-making... made without, well… the data. From the Beige Book to balance-sheet shrinkage (and yes, the jokes write themselves), the guys dissect how the Fed's moves are shaping jobs, mortgages, and the markets. All while Powell looks like he's literally in bed with A.I.➡️ Picture J.P. himself, post-press conference, lounging in a robe, cigarette in hand, with a grinning robot by his side. It's the perfect metaphor for an economy seduced by artificial intelligence and easy money. Meanwhile the rest of us wonder who's really in control. The team dives into the absurdity, the economics, and the existential dread of our new robot overlords, all with the wit, sarcasm, and brutal honesty only The Higher Standard can deliver.

Send us a textThis week on Ficonomy, we cut through the noise around three major economic stories shaping your spending in 2025. Tariffs are costing companies $1.2 trillion — and most of that is ending up in your grocery cart, your tech gadgets, and your bills. The Fed's latest Beige Book confirms that prices are rising and consumers are already feeling the squeeze. And just as inflation reports hit the news, experts are warning that the data might not tell the full story.We'll unpack what all of this really means for you — in plain language — and share practical tools to help you protect your wallet, budget smarter, and stay ahead of rising prices. What You'll Learn in This EpisodeWhy tariffs are quietly driving prices up across industriesHow companies pass extra costs to consumers (and when you'll feel it)What the Fed's Beige Book reveals about real-world inflation pressureWhy inflation data might be misleading — and how to track your own “personal inflation”Actionable tips: building a spending buffer, buying smart, and budgeting for cost spikes Articles DiscussedCNBC: Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says  https://www.cnbc.com/2025/10/16/tariff-costs-to-companies-this-year-to-hit-1point2-trillion-with-consumers-taking-most-of-the-hit-sp-says.htmlCNBC: Tariffs are pushing prices higher and consumers are feeling the hit, Fed's Beige Book shows  https://www.cnbc.com/2025/10/15/tariffs-are-pushing-prices-higher-and-consumers-are-feeling-the-hit-feds-beige-book-shows.htmlCNBC: This week's critical inflation report comes with doubts about the data  https://www.cnbc.com/2025/10/21/this-weeks-critical-inflation-report-comes-with-doubts-about-the-data.html Practical TakeawaysPlan Ahead: Expect gradual price increases through the holidays — and budget accordingly.Track Your Spending: Watch imported goods and categories like groceries, electronics, and apparel.Question the Numbers: Official inflation might understate what you're actually experiencing.Act, Don't React: Build a small “price-shock fund” and explore alternatives or substitutions before costs rise further. Listen & SubscribeStay sharp on how global economics affect your daily life — without the jargon. 

While some non-essential government workers are out-of-office, LPL's Chief Economist Dr. Jeffrey Roach highlights important recent events including the IMF annual meeting. https://www.youtube.com/watch?v=GQmVmNoz6nU Tracking #816042

In today's episode of The Daily Windup, we break down what the latest Federal Reserve Beige Book is really saying — and why it's sending a chilling warning most investors are ignoring. According to the Fed's own field reports, economic activity has “declined slightly” across three-quarters of the U.S., with only a handful of districts showing modest growth. The tone of this Beige Book is weaker than December 2007 — the start of the Great Recession. Even the Fed's internal staff now estimates a 50% chance of recession, while the market continues to price in 0% risk. In short: the data is flashing red, but Wall Street's acting like it's business as usual. Key Takeaways: The Fed's Beige Book reveals that ¾ of the U.S. economy is stagnating or contracting in real time. The report's tone is weaker than the Beige Book from the start of the 2008 crisis. Even the Fed staff pegs recession odds at 50%, yet the market is still pricing in zero risk. Know more about the Bootcamp: https://govcongiants.org/bootcamp Learn more: https://federalhelpcenter.com/ https://govcongiants.org/ 

In this episode, we dissect the latest Beige Book, which paints an increasingly uneven portrait of the American economy. Reports from the Federal Reserve's districts point to softening retail demand, particularly among lower- and middle-income households, and to mounting strains in sectors such as agriculture, energy and transportation. We also examine the slide in the shares of business development companies—a bellwether for credit conditions in the lower reaches of corporate America—and the mounting allegations of fraud surrounding Zions Bank and Western Alliance. Together, these developments suggest that financial stress is spreading beyond the obvious fault lines.

What if the economy could sing? The CRE Exchange team explores what the Fed's Beige Book, homebuilder sentiment, and recent banking data reveal about the broader economy, and how those trends ripple through commercial real estate. Our hosts, Omar Eltorai and Cole Perry, then turn to Peter Norman, Altus Group's VP and Economic Strategist, for a deep dive into Canadian economic and CRE trends. Key Moments:01:34 Diving into the Fed Beige Book02:21 Labor market and employment trends03:30 Consumer spending and manufacturing Insights07:25 Home Builder Confidence Index10:43 Large Bank Credit Card and Mortgage Report13:57 Manufacturing Business Outlook Survey16:31 Non-Manufacturing Business Outlook Survey20:52 Canadian CRE trends with Peter Norman43:19 Upcoming eventsResources Mentioned:Peter Norman – https://www.linkedin.com/in/peter-norman-20637043/2025 Canada State of the Market webinar – https://www.altusgroup.com/webinars/canada-state-of-the-market/Federal Reserve Beige Book - https://www.federalreserve.gov/monetarypolicy/publications/beige-book-default.htmNAHB/Wells Fargo Housing Market Index - https://www.nahb.org/news-and-economics/housing-economics/indices/housing-market-indexISM Manufacturing PMI - https://www.ismworld.org/supply-management-news-and-reports/reports/ism-pmi-reports/pmi/september/Philadelphia Fed Large Bank Credit Card and Mortgage Data - https://www.philadelphiafed.org/surveys-and-data/large-bank-credit-card-and-mortgage-dataPhiladelphia Fed Manufacturing Business Outlook Survey - https://www.philadelphiafed.org/surveys-and-data/regionaleconomy/manufacturing/business-outlook-surveyPhiladelphia Fed Nonmanufacturing Business Outlook Survey - https://www.philadelphiafed.org/surveys-and-data/regionaleconomy/nonmanufacturing/business-outlook-surveyEmail us: altusresearch@altusgroup.comThanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CRE #CommercialRealEstate #Property

In this episode of The Daily Windup, we dig into one of the biggest myths floating around right now — that the U.S. economy has somehow become recession-proof. Despite headlines saying everything's fine, the hard data tells a different story: real GDP has dropped in two of the last three months, growth has fallen from 3.2% to just 1.3%, and both soft and hard data are flashing warning signs. Yet, the market's still acting like the party never ends. We break down what the Fed's Beige Book reveals, why the numbers don't lie, and what every business owner and government contractor should be preparing for right now. Key Takeaways: GDP growth has fallen from 3.2% to 1.3%, showing the economy is slowing — not stabilizing. Soft data is finally morphing into hard data weakness, signaling a potential recession ahead. The Fed's Beige Book is a must-read for anyone tracking real economic health across sectors. Learn more: https://federalhelpcenter.com/ https://govcongiants.org/ 

Kevin covered the following stories: Due to the Government (Schumer) Shutdown, JP Morgan and Goldman Sachs released their individual estimates of Weekly Jobless Claims and the number of people receiving unemployment benefits after the initial week; 5 more Electronic Logging Devices (ELDs) have been removed from the Federal Motor Carriers Safety Administration's registered devices list; last week the Federal Reserve released their periodic Beige Book report; Kevin has the details, digs through the data, puts the information into historical perspective and offers his insights and a few opinions.

In this episode, we dig into whether there's more downside ahead or if the worst is now behind us following the leverage flush on October 10. We discuss how elevated altcoin open interest set up cascading liquidations and why the reset cleans up positioning but doesn't guarantee direction. Flows remain mixed with limited BTC dip‑buying, a concentrated ETH bid, and some ETF outflows—so we prefer reactive over anticipatory positioning until breadth improves. Finally, a growing privacy theme centers on Zcash, with momentum holding even through the drawdown. Into next week, a 25bps Fed cut is the base case, though a dovish Beige Book is increasing the odds of the board front loading the easing cycle into early next year.Speakers:David Duong, CFA - Global Head of Investment ResearchGeorg Toropov - Senior CES Sales TraderColin Basco - Research Associate Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Kevin covered the following stories: Due to the Government (Schumer) Shutdown, JP Morgan and Goldman Sachs released their individual estimates of Weekly Jobless Claims and the number of people receiving unemployment benefits after the initial week; 5 more Electronic Logging Devices (ELDs) have been removed from the Federal Motor Carriers Safety Administration's registered devices list; last week the Federal Reserve released their periodic Beige Book report; Kevin has the details, digs through the data, puts the information into historical perspective and offers his insights and a few opinions.

The ongoing government shutdown delayed updates of the Consumer Price Index, Producer Price Index, weekly unemployment claims, and retail sales. Still, there was plenty to cover from this week, including the potential impact on the banking sector amid emerging credit concerns, the strength and state of the consumer, recent earnings reports, a dip in oil prices, and the outlook for the Federal Reserve's monetary policy for the remainder of the year and in 2026 once a new Chair is selected. Speakers:Brian Pietrangelo, Managing Director of Investment StrategyGeorge Mateyo, Chief Investment OfficerStephen Hoedt, Head of EquitiesRajeev Sharma, Head of Fixed Income 01:35 – The National Federation of Independent Business' Small Business Optimism Index for the month of September fell two points to 98.8, but remains above the historical average. Conversely, the Uncertainty Index rose to 100 – the fourth highest level in 51 years.02:21 – The Federal Reserve's Beige Book report showed little change in overall economic activity, with some districts reporting slight to modest growth and others noting slight softening.04:20 – The earnings reports that have been released thus far for the third quarter paint a favorable picture of a robust stock market, despite signs of softening consumer spending and an uptick in volatility and uncertainty.11:57 – Investors moved toward safe haven assets amid some overall economic softening and news of emerging credit risk.12:38 – Fed Chair Powell's recent comments point towards a move away from quantitative tightening, an end to the balance sheet runoff in the next few months, and likely two more rate cuts in 2025.15:31 – As the government shutdown continues to fuel confusion, volatility, and uncertainty, our advice to investors is to maintain a long-term perspective with a diversified portfolio and avoiding rash decisions based on dramatic news and short-term fluctuations. Additional ResourcesRead: Key Questions: What Does MAHA Mean for Healthcare and Consumer Staples Companies? Key Questions | Key Private BankSubscribe to our Key Wealth Insights newsletterWeekly Investment BriefFollow us on LinkedIn

Send us a textARM Ascends, Oil Drifts, Queens EnduresI open on macro static and shutdown fog, a strange steadiness where the market beat goes on. The Beige Book whispers fractures, three Fed districts up, five flat, four softening, a recalibration more than a roar. The feature turns to ARM, where the data center bottleneck is power, not code. ARM sells the blueprint, cutting CPU energy use perhaps by half, and the live question is simple: can it win 50 percent of data center CPUs. Then energy's riddle: oil sits near $56, where it was in 2005, with about 1.5 trillion barrels of proven reserves setting the rough scale. I close with Queens County, a Tony Soprano thrift that became my acid test and first great trade, the name fades, but the fuse remains.If this hit the mark, tap 5 

Ben, Tom, and Andrew discuss the Fed's Summary of Commentary on Economic Conditions (the Beige Book), a comeback in American manufacturing, more earnings updates, and the increased prevalence of long-term revenue forecasts as drivers of AI company valuations.For information on how to join the Zoom calls live each morning at 8:30 EST, visit:https://www.narwhal.com/blog/daily-market-briefingsPlease see disclosures:https://www.narwhal.com/disclosure

The Federal Reserve's Beige Book of economic anecdotes was not affected by the absence of a functioning government. There was evidence of prices reacting to trade tariffs, and a sense of labor market fragility. However, it is possible that elements of political partisanship are being captured in some of the reported concerns.

This episode features a large news slate: Judge halts shutdown layoffs as admin details planned cuts, Banks are slowing hiring as they prepare for an AI future, and Fed's Beige Book shows split in consumer spending habits. Roundtable: More Economic updates https://www.instagram.com/delano.saporu/?hl=en. Connect with me here also: https://newstreetadvisorsgroup.com/social/. Want to support the show? Feel free to do so here! https://anchor.fm/delano-saporu4/support. Thank you for listening.

The St. Louis Fed's Matuschka Lindo Briggs, senior vice president and regional executive of the Little Rock Branch, and Charles Gascon, economist and research officer, discuss economic insights from the latest Beige Book release highlighting the Arkansas region and the Eighth District.

Market Recap & Insights on AI Investing - October 15 In this episode of Dividend Cafe, Brian provides a market recap for October 15, noting slight changes in major indices and highlighting strong earnings in the financial sector. A positive trend in the yield curve is discussed alongside economic updates, including a stronger-than-expected Empire State Manufacturing Index and a stable Beige Book report from The Fed. Additionally, the episode explores the political influence on private sector companies, particularly defense contractors, and differentiates between the current AI investment situation and the 2008 financial crisis. Listeners are encouraged to read the latest Dividend Cafe for deeper insights into investment strategies. 00:00 Introduction and Tax Filing Reminder 00:23 Market Recap: Daily Performance 01:22 Economic Indicators and Reports 02:24 Government and Private Sector Dynamics 03:47 Artificial Intelligence: Bubble or Not? 05:05 Investment Wisdom and Strategies 06:18 Current Market Sentiments and Conclusion Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com

MRKT Matrix - Wednesday, October 15th S&P 500 edges higher in another volatile session, Bank of America rallies on earnings (CNBC) Wall Street Banks Notch $15 Billion Trading Haul on Stock Rally (Bloomberg) The Nation's Biggest Banks Are Saying the Economy Is Still Strong (WSJ) Treasury Secretary Bessent says a stock market decline won't deter the U.S. from taking strong action against China (CNBC) Fed's Miran sees China trade tensions as a further reason for quick interest rate cuts (CNBC) Tariffs are pushing prices higher and consumers are feeling the hit, Fed's Beige Book shows (CNBC) Tesla demand in focus after Trump policies lead GM, Ford to retreat from EV ambitions (CNBC) --- Subscribe to our newsletter: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://riskreversalmedia.beehiiv.com/subscribe⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ MRKT Matrix by RiskReversal Media is a daily AI powered podcast bringing you the top stories moving financial markets Story curation by RiskReversal, scripts by Perplexity Pro, voice by ElevenLabs

With the Beige Book out and fresh commentary from Treasury Secretary Scott Bessent and Fed officials, our Steve Liesman breaks down what the latest signals say about the economy. Alan McKnight of Regions Wealth Management and Michael Farr of Farr, Miller & Washington discuss stretched valuations, inflation risks, and whether earnings can keep stocks supported. Then, a look at why Salesforce may be getting left behind in the AI race with DA Davidson's Gil Luria, and how Entrepreneurs First CEO Alice Bentinck is rethinking startup funding and focusing on talent over ideas. Finally, RBC's Gerard Cassidy previews key regional bank earnings to watch. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

Markets are setting up for a higher open this morning as optimism builds around earnings, rate cuts, and improving trade sentiment between the U.S. and China. Fed Chair Jerome Powell's dovish comments have reignited expectations for rate cuts at the two remaining Fed meetings this year. Meanwhile, eyes are on the upcoming APEC Summit where Beijing is expected to seek key concessions from Washington. On the earnings front, positive results from ASML, BAC, CFG, and PNC are helping to lift sentiment ahead of tomorrow's lineup from TSM, SCHW, MMC, BK, and TRV. Plus, all eyes turn to this afternoon's release of the Fed's Beige Book for insights into regional economic activity. Tune in to NewsWare's Trade Talk for all the details driving today's markets.

From Wall Street to Main Street, the latest on the markets and what it means for your money. Updated regularly on weekdays, featuring CNBC expert analysis and sound from top business newsmakers. Anchored and reported by CNBC's Jessica Ettinger. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Nossos sócios Luiz Eduardo Portella, Yara Cordeiro e Victor Ary debatem, no episódio de hoje, os principais acontecimentos da semana no Brasil e no mundo. No cenário internacional, o ambiente foi marcado por instabilidade política: no Japão, a liderança indicada pelo partido governista, defensora de políticas expansionistas, enfrenta crise na coalizão e risco de novas eleições. Na França, o primeiro-ministro renunciou um mês após assumir o cargo, reforçando a percepção de fragilidade política e dificuldade de avanço das reformas fiscais. Nos EUA, o impasse sobre o orçamento persiste com o shutdown, limitando a divulgação de dados econômicos, mas surgiram sinais iniciais de possível acordo. A tensão com a China aumentou após novas sanções comerciais, levando o Trump a ameaçar cancelar o encontro com Xi Jinping e aumentar dramaticamente as tarifas impostas. Foi anunciado cessar-fogo entre Israel e Hamas. No Brasil, o principal destaque foi o IPCA de setembro: o headline veio um pouco abaixo do esperado, com surpresa baixista relativamente disseminada nos núcleos. A pesquisa Genial/Quaest apontou melhora na avaliação do governo e mostrou enfraquecimento do Tarcísio como sucessor da direita. No campo político, vendeu o prazo para aprovação da MP 1.303, que compensaria parte do aumento do IOF, o que foi visto como uma derrota relevante para o governo e expôs dificuldades de articulação na Câmara.  No mercado de crédito, houve forte estresse nos bonds da Raízen por uma expectativa que a companhia vá perder o grau de investimento. Apesar disso, o impacto no mercado local foi limitado. Na semana, os índices de crédito tiveram abertura pontual de spreads, com fluxo de captação ainda positivo, mas com volume menor no secundário. Nos EUA, os juros fecharam entre 5 e 10 bps, e as bolsas tiveram desempenho negativo (S&P 500 -2,43%). No Brasil, o Ibovespa caiu 2,44% e o real se desvalorizou 3,33%. Na próxima semana, atenção para PMS e PMC no Brasil, possível evolução da negociação tarifária entre Brasil e EUA, balança comercial chinesa, Beige Book nos EUA e a última rodada de falas do Fed antes do período de silêncio. Não deixe de conferir!

Carol Schleif is looking forward to the Beige Book report to gauge economic conditions. She notes that gold, a traditional hedge, is hitting new highs even as the market is, and what could be behind the unusual move. She likes investments in construction, energy and healthcare and sees robust demand for deals. She's urging clients to “trim where it's appropriate” and making sure they have the cash they'll need for the next few years.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

Beef is getting more expensive, and it doesn't look as though that's going to change any time soon. That's the view of the Federal Reserve Bank of Dallas, which wrote in its Beige Book entry this month that the trend of rising beef prices continues. There's solid demand for beef, but falling supply, as production decreases. Ranchers are making more per cow, but their costs are rising. We speak with a rancher in Wyoming to learn what high beef prices mean for him and other ranchers. Related episodes: What happened to US farmers during the last trade war How USAID cuts hurt American farmers For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.  Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy

The Beige Book signals an economy under pressure, with slowing growth, rising costs, and cooling labor markets weighing on CRE. In this episode of CRE Exchange, Cole Perry and Omar Eltorai break down where challenges are mounting and where opportunities remain.They spotlight resilient sectors like data centers, industrial, and high-quality office, alongside the surprising momentum of unanchored strip centers. The discussion closes with a look at key upcoming economic data and what it could mean for investment strategies.Key Moments:01:14 Federal Reserve Beige Book insights07:40 Labor market data analysis11:19 Employment Situation Report breakdown16:20 Deep dive into strip center data20:30 Upcoming conferences and data releasesResources Mentioned:Beige Book: https://www.federalreserve.gov/monetarypolicy/publications/beige-book-default.htmJob Openings and Labor Turnover (JOLTS): https://www.bls.gov/jlt/ADP National Employment Report: https://mediacenter.adp.com/2025-09-04-ADP-National-Employment-Report-Private-Sector-Employment-Increased-by-54,000-Jobs-in-August-Annual-Pay-was-Up-4-4Employment Situation Report: https://www.bls.gov/news.release/empsit.nr0.htmEmail us: altusresearch@altusgroup.comThanks for listening to the “CRE Exchange” podcast, powered by Altus Group. If you enjoyed this episode, please leave a review to help get the word out about the show. And be sure to subscribe so you never miss another insightful conversation.#CRE #CommercialRealEstate #Property

In this abbreviated show, Kevin covers the following stories: this past Friday, the U.S. Bureau of Labor Statistics released the August Nonfarm Payroll Report and the unemployment rate; last Wednesday, the Federal Reserve released their "Beige Book;" Kevin discusses the details, digs into the numbers, puts the data into historical perspective and offers his insights and opinions.

In this abbreviated show, Kevin covers the following stories: this past Friday, the U.S. Bureau of Labor Statistics released the August Nonfarm Payroll Report and the unemployment rate; last Wednesday, the Federal Reserve released their "Beige Book;" Kevin discusses the details, digs into the numbers, puts the data into historical perspective and offers his insights and opinions.

After last week's pre-recorded interview, there's plenty in the financial markets to unpack—from the muted moves during the holiday-shortened week to the latest ISM Manufacturing Index and the Fed's Beige Book. We break down two weeks of market action and the economic data you don't want to miss.The NFL is back—and so is big business as the 2025–2026 season kicks off. With team valuations up 25% year-over-year to an average of $6.5 billion as of 2024, and the Dallas Cowboys setting a new record, we're looking at the dollars behind the game. From Fantasy Football to futures contracts on who will win, there's money to be made on and off the field—which raises the question: could NFL teams one day show up in your 401(k)?On the topic of football, the buzz isn't only on the field. The engagement between Taylor Swift and Travis Kelce takes the spotlight and they open the door to a financial conversation that goes far beyond celebrity gossip: prenuptial agreements. With Swift's billion-dollar empire and Kelce's multimillion-dollar career, the question isn't about romance, it's about protection. We'll dig into what prenups can do, why they're not just for the ultra-wealthy, and how couples can approach these conversations without derailing the love story.After the break, we dig into the future of U.S. capitalism. Is Washington becoming Wall Street's biggest investor? With a 15% stake in MP Materials and nearly 10% in Intel, the government is taking positions in the same companies citizens invest in. We explore what this means for free-market capitalism, efforts to secure supply chains, and whether bipartisan disillusionment with globalization is reshaping America's economic playbook.And speaking of government butting into business—it's reported that Trump personally called up Cracker Barrel, urging them to revert their logo after backlash over its redesign. We'll discuss the misstep and look at other companies that have made major branding blunders.Henssler Money Talks — September 6, 2025  |  Season 39, Episode 36Timestamps and Chapters4:46: What's Driving the Markets14:27: Gridiron Gold26:47: Love Songs to Legal Clauses36:24:  Sam's New Portfolio52:35: Biscuits to BacklashFollow Henssler:  Facebook: https://www.facebook.com/HensslerFinancial/ YouTube:  https://www.youtube.com/c/HensslerFinancial LinkedIn: https://www.linkedin.com/company/henssler-financial/ Instagram: https://www.instagram.com/hensslerfinancial/ TikTok: https://www.tiktok.com/@hensslerfinancial?lang=en X: https://www.x.com/hensslergroup  “Henssler Money Talks” is brought to you by Henssler Financial. Sign up for the Money Talks Newsletter: https://www.henssler.com/newsletters/ 

In this week's episode, we discuss the Beige Book Report, and three employment reports including fresh numbers from a weaker-than-expected report from the Bureau of Labor Statistics (BLS). We also touch on the policies and politics bedeviling the Federal Reserve, and the likelihood of rate cuts later this month. As always, we analyze how all of these factors affect the equity and bond markets. Finally, happy National 401(k) Day! See today's resources below to help you educate and celebrate. Speakers:Brian Pietrangelo, Managing Director of Investment StrategyGeorge Mateyo, Chief Investment OfficerRajeev Sharma, Managing Director of Fixed IncomeStephen Hoedt, Head of Equities01:45 – The four reports driving economic activity this week: the Beige Book report, initial unemployment claims, the Jobs Openings and Labor Turnover Survey, and the eagerly-expected BLS Employment Situation report. 05:21 – The weak BLS report further fuels expectations for a September rate cut, with the odds of bigger or more frequent cuts increasing.07:28 – A look into the economy's impact on the stock market, and vice versa, and the k-shaped economy of 401(k) haves and have-nots.09:19– Treasuries have rallied on the jobs report, with some calling it a “jobs recession.”11:20 – We discuss the goings-on at the Federal Reserve, including Stephen Miran's confirmation hearing for Fed Governor and Scott Bessent's alleged interviews for the next Fed Chair.14:11 – In the world of equities, cyclicals and small cap stocks are ascending as mega-cap tech stocks had a slower week.18:45 – Concluding thoughts on the still-present threat of tariffs impacting the economy, and what to do with your portfolio now.  National 401(k) Day ResourcesRetirement AdviceShould I Still Worry About Inflation's Impact on My Retirement Plan?The Key 401(k) Pooled Employer Plan Additional Resources9/18 Webinar: Key Wealth's National Call - AI: Everything You Are Afraid to Ask but Need to KnowKey Questions | Key Private BankSubscribe to our Key Wealth Insights newsletterWeekly Investment BriefFollow us on LinkedIn 

Today on the show: updating Russia/Ukraine, Epstein and troops in Chicago with Natalie Brand from CBS News and Karen Travers from ABC News. Georgia Power reps in studio on the future of energy use in the Peach State. Mike McKee from Bloomberg updates the Beige Book. Amy Wenk from The Atlanta Journal-Constitution on a possible big move by Coca-Cola. Plus, actors Andre Holland and David Duchovny join us live! 9am-noon on 95.5 WSB.

Today on the show: updating Russia/Ukraine, Epstein and troops in Chicago with Natalie Brand from CBS News and Karen Travers from ABC News. Georgia Power reps in studio on the future of energy use in the Peach State. Mike McKee from Bloomberg updates the Beige Book. Amy Wenk from The Atlanta Journal-Constitution on a possible big move by Coca-Cola. Plus, actors Andre Holland and David Duchovny join us live! 9am-noon on 95.5 WSB.

Today on the show: updating Russia/Ukraine, Epstein and troops in Chicago with Natalie Brand from CBS News and Karen Travers from ABC News. Georgia Power reps in studio on the future of energy use in the Peach State. Mike McKee from Bloomberg updates the Beige Book. Amy Wenk from The Atlanta Journal-Constitution on a possible big move by Coca-Cola. Plus, actors Andre Holland and David Duchovny join us live! 9am-noon on 95.5 WSB.

The Chrisman Commentary Daily Mortgage News Podcast delivers timely insights for mortgage lenders, loan officers, capital markets professionals, and anyone curious about the mortgage and housing industry. Hosted by industry expert Robbie Chrisman, each weekday episode breaks down mortgage rates, lending news, housing market trends, capital markets activity, and regulatory updates with insightful analysis, expert perspectives, and conversations with top professionals from across the mortgage industry. Stay informed, gain actionable insights, and keep up with developments in mortgage banking and housing finance. Learn more at www.chrismancommentary.com.In today's episode, we go through all the latest happenings from Washington DC and how they are impacting the mortgage industry. Plus, Robbie sits down with Porchlight's David Wells for a discussion on how the mortgage industry is shifting from a human-driven, siloed process to a fully programmatic, API-powered model that automates repetitive tasks, streamlines capital markets execution, and empowers loan officers to focus on high-value, trust-building relationships. And we close by looking at what the Fed's Beige Book said about economic stagnation.Sponsored by Gallus Insights. Mortgage KPIs, automated, at your fingertips. Gallus allows you to turn data from your various databases and systems into automated business intelligence and actionable insights. 

The St. Louis Fed's Matuschka Lindo Briggs, senior vice president and regional executive of the Little Rock Branch, and Charles Gascon, economist and research officer, discuss economic insights from the latest Beige Book release highlighting the Arkansas region and the Eighth District.

Chuck Gascon, Senior Economist in the Research Division at the Federal Reserve Bank of St Louis, joins Megan Lynch in-studio following the release of the Beige Book.

S&P Futures are showing strong gains this morning due to positive action in technology stocks. After the bell yesterday the judge in the GOOG antitrust case released his remedy opinion and said that Google will not be required to divest its Chrome browser or Android operating system. Additionally, the ruling permits Google to continue making payments to Apple, enabling Google to remain the default search engine on iOS devices. President Trump is appealing Friday's tariff ruling to the Supreme Court and requesting an expedited ruling. Later today he is expected to meet with the President of Poland. Treasury Sec Bessent will start to interview candidates for the role as Fed Chair on Friday. The yield curve is showing signs of steepening with the 10-year Treasury note yield hovering around 4.28% to 4.30%. This follows a modest increase of about 0.03 percentage points from the previous session, marking the third consecutive day of rising yields.  On the economic from today markets will be paying attention to this morning's JOLTs report and the Fed's Beige Book in the afternoon. HQY & ZS are higher after earnings beats. After the bell today CRM, FIG, HPE, GTLB and AI are schedule to release.

When it comes to today's trading action, Charles Schwab's Kathy Jones attributes part of the "choppy" day to a rise in layoffs seen in the JOLTS report. Additionally, she talks about how the Beige Book shook the bond market as investors saw potential for "stagnant or slower growth." Joe Mazzola adds how the price action is pulling investors back toward the Mag 7. He discusses sector performance in markets and how slowing economic data attributes to the rotation.======== Schwab Network ========Empowering every investor and trader, every market day. Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribeDownload the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watchWatch on Vizio - https://www.vizio.com/en/watchfreeplus-exploreWatch on DistroTV - https://www.distro.tv/live/schwab-network/Follow us on X – https://twitter.com/schwabnetworkFollow us on Facebook – https://www.facebook.com/schwabnetworkFollow us on LinkedIn - https://www.linkedin.com/company/schwab-network/ About Schwab Network - https://schwabnetwork.com/about

It's the Beigie Awards, our eight times a year salute to the art and science of telling stories about the economy. The most recent Beige Book shows that Americans are finding ways to spend less money ... including on their vacations. On today's show, we find out what Benjamin Franklin and Jersey Beach goers have in common.Related episodes:How many times can you say uncertainty in one economic report?Trump's cuts come for food banksThe secret tariff-free zoneFor sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org.Fact-checking by Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter. Learn more about sponsor message choices: podcastchoices.com/adchoicesNPR Privacy Policy