Podcasts about fed chair jay powell

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Best podcasts about fed chair jay powell

Latest podcast episodes about fed chair jay powell

Squawk Pod
Palantir's Alex Karp and a Disney Princess Takes Aim at the Castle 9/22/22

Squawk Pod

Play Episode Listen Later Sep 22, 2022 38:53


“Software plus heroism can really slay the giant,” Palantir CEO Alex Karp tells Andrew Ross Sorkin and Becky Quick in his analysis of how big data and technology have changed modern warfare. Karp is carefully watching Russia's first military mobilization since World War II and the ongoing crisis in Ukraine; he thinks that countries around the world are taking notice of the new global order. The Federal Reserve has raised its benchmark interest rate 75 basis points and the world's central banks are moving similarly, working aggressively to combat inflation. Former Federal Reserve Vice Chair Roger Ferguson discusses the road ahead for Fed Chair Jay Powell and offers perspective on the market reaction. The CEOs of the nation's largest consumer banks faced Congressional questioning this week; some financial leaders say they don't plan to use the new merchant code classification for firearms purchases.  And Disney heiress Abigail Disney is taking on inequality inside the company her grandfather founded – she discusses how her viral comments on Squawk Box led to her advocacy.  In this episode:  Alex Karp @PalantirTechAbigail Disney @abigaildisneyBecky Quick @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinKatie Kramer, @Kramer_Katie

Squawk Pod
US Chips Break New Ground, & Remembering Queen Elizabeth II 9/9/22

Squawk Pod

Play Episode Listen Later Sep 9, 2022 45:40 Very Popular


In Ohio, Intel is breaking ground at the sites of its two new semiconductor factories, marking a major shift in American manufacturing. Intel CEO Pat Gelsinger discusses the pivotal moment for the US chip industry, and why the factories in America's heartland will boost national security. As the markets await Fed Chair Jay Powell's next announcement later this month, Becky Quick, Joe Kernen, Andrew Ross Sorkin, and Steve Liesman break down the Fed's aggressive policies to combat inflation, under Powell and his predecessors. In an extended interview, former Vice Chair of the Federal Reserve Richard Clarida discusses his own role in the Fed's legacy, the likelihood of imminent recession, and whether the markets should believe in the Fed. Plus, Britain's longest-serving monarch has died at age 96. We remember the historic reign of Queen Elizabeth II and her seven decades of leadership with former Hearst executive Joanna Coles.  In this episode: Joanna Coles , @JoannaColesPat Gelsinger, @PGelsingerBecky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @andrewrsorkinSteve Liesman, @SteveLiesmanKristina Partsinevelos, @KristinaPartsKatie Kramer: @Kramer_Katie

The Financial Exchange Show
Powell Soothes Markets // Household Spending Vs. Income in 2021 // Inflation's Affect on Insurance - 9/9 (Hour 1)

The Financial Exchange Show

Play Episode Listen Later Sep 9, 2022 40:40


(2:03) - Mike and Marc begin the week's final show discussing markets' positive response to Fed Chair Jay Powell's brief speech Thursday.(14:58) - Weighing in on how inflation and the labor market will affect the outcome of the 2022 midterm elections. (24:30) - Touching on how U.S. household spending jumped over twice as fast as household income in 2021.(33:46) - Cate Deventer of Bankrate joined the show to discuss her piece on the affect that inflation is having on insurance rates.

Forward Guidance
The Fed Doesn't Have What It Takes To Fight Inflation | Joseph Wang & Mish Shedlock

Forward Guidance

Play Episode Listen Later Sep 1, 2022 49:07


Use code JACK250 to get $250 off tickets to Blockworks' New York Digital Asset Summit: https://blockworks.co/events/digital-asset-summit-2022-new-york/ Use code GUIDANCE250 to get $250 off tickets to Blockworks' London Digital Asset Summit (sale ends Sunday): https://blockworks.co/events/digital-asset-summit-2022-london/ -- NOTE: This interview was filmed on August 23, 2022, days before Fed Chair Jay Powell's remarks at Jackson Hole. Jack welcomes former senior Fed trader Joseph Wang and Michael “Mish” Shedlock, economic blogger and investment advisor, to analyze the twin threats of inflation and recession, and the challenges investors and the Federal Reserve face as they try to navigate both. Shedlock argues that the economy is slowing rapidly and the Federal Reserve will likely overtighten which could “kill” the stock market. Wang argues that the risk is that the Federal Reserve is too loose, and notes that an excerpt from the July FOMC minutes which Wang saw as “cowardly” caused Wang to be more open to the view that Powell will cave to dovish political pressure. In his own words, “this is the Fed of Arthur Burns.” NOTE: This interview was filmed on August 23, 2022, days before Fed Chair Jay Powell's remarks at Jackson Hole. -- Follow Mish Shedlock on Twitter https://twitter.com/MishGEA Follow Joseph Wang on Twitter https://twitter.com/FedGuy12 Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ -- Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- Joseph Wang's work can be found here: https://fedguy.com/ Mish Shedlock's writings can be found here: https://mishtalk.com/ Mish's article on housing: https://mishtalk.com/economics/new-home-sales-crash-accelerates-sales-down-12-6-percent-in-july July FOMC minutes: https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20220727.pdf -- (00:00) Introduction (01:37) Are We In A Recession Already? (05:48) Housing (15:00) Stagflation (19:58)The Stock Market (21:12) The Wang Pivot (29:27) The Commercial Banking System (35:16) Asset Allocation (36:51) Gold (39:53) The Pension Crisis -- Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Yahoo Finance Daily
Stocks slide for third-straight day as rate pressures weigh on markets: Aug 31

Yahoo Finance Daily

Play Episode Listen Later Aug 31, 2022 4:34 Very Popular


U.S. stocks fell on Tuesday to mark a third-straight losing session, deepening a rout kicked off Friday following Fed Chair Jay Powell's speech in Jackson Hole.

Daily Stock Picks
Should you buy the dip or further downside? Market update 8-29-22

Daily Stock Picks

Play Episode Listen Later Aug 29, 2022 55:55


SUPPORT THE PODCAST : https://anchor.fm/dailystockpick/support I was wrong on Friday thinking Powell speech was priced in. The selloff was immediate when Powell said “There will be pain to households and businesses as we fight inflation”. $UVXY shot up! $SQQQ shot up. $Baba might be a further buy because of the overhang of accounting being removed with the US and CHina agreeing…this may move it back to the $200 realm Look at weakness in oil and other commodities $UVXY was a crazy stock Look at $CE - did buffet get in $mu - micron is building a new building Artemis rocket is launching today amid storms in Florida- but they are saying it's unlikely as they try and troubleshoot an issue - scheduled for 830 Is $AAPL going to fill the gap down $Pdd beat on earnings - when is $baba - this could move nasdaq higher with hopes $Lng and other nat gas with the price posted on Instagram $TSLA close to $250 $Tqqq under $30 My weekly stock pick is $cvx - energy was down … but on weakness - My Weekly Stock is our stock-picking strategy delivering more than 300% cumulative returns since 2019 and 6% in 2022. Options play is up significantly higher Professor Siegel on cnbc thinks Powell lost credibility by going too hawkish and thinks he will over shoot but either way it's a good time to buy % of SP500 stocks: above 200-day SMA: 34%

BIG Money Report
Week Ending 08_26_2022 Stock Market Recap

BIG Money Report

Play Episode Listen Later Aug 27, 2022 13:35


The market took a punch on the chin from Fed Chair Jay Powell today. What did he say? What are we doing about it? TUNE IN TO FIND OUT!

Sound On
Sound On: Powell's Tough Talk, Unsealed Trump Affidavit

Sound On

Play Episode Listen Later Aug 26, 2022 38:23


Joe spoke with former Federal Prosecutor Michael Zeldin on what we know from the release of the unsealed redacted Mar-a-Lago search affidavit, Bloomberg's Odd Lots podcast host Joe Weisenthal on his takeaways from Fed Chair Jay Powell's Jackson Hole speech. Plus, our politics panel Bloomberg Politics Contributor Rick Davis & Max Burns, Democratic Strategist and Founder of Third Degree Strategies on President Biden's DNC Rally Speech, NASA's Artemis rocket launch and the release of the Mar-a-Lago affidavit.  See omnystudio.com/listener for privacy information.

Closing Bell
Closing Bell: Stocks make up some ground, Housing headaches, SoFi's student loan bounce 8/24/22

Closing Bell

Play Episode Listen Later Aug 24, 2022 42:45


Stocks closed mostly higher in Wednesday trading, as investors await Friday's speech from Fed Chair Jay Powell in Jackson Hole. Housing was a big focus on Wall Street, after new data showed a decline in home prices for the first time in 3 years. Jeana Curro from Bank of America and John Lovallo from UBS join to discuss the state of housing, and what the downturn in prices means for the real estate market. Meantime SoFi shares climbed as President Biden announced his student debt relief plan. Mizuho's Dan Dolev explains why he thinks that's a good thing for SoFi shareholders.

Flourish Insights
Episode 66: Recession-ish

Flourish Insights

Play Episode Listen Later Aug 11, 2022 5:45


Episode #66: Recession-ish The U.S. economy shrank in the first two quarters of 2022, and we met the historical definition of a recession. However, there is an ongoing debate about whether we're really in one. So, are we in a recession? Is there a soft landing somewhere in our future? Or are we occupying an in-between space at the moment? Tune in as we discuss all this and more. Always check back next week for more Flourish Insights with Jay Pluimer and don't forget to visit our insights blog at https://www.flourishinsights.com Are you enjoying this podcast? Please write a review on Apple Podcasts or Alexa! EPISODE NOTES Hi everyone, Jay Pluimer here with Flourish Insights. As the director of investments at Flourish Wealth Management, I take pride in providing our clients, colleagues, and friends with resources and information that can help them make strategic and effective choices regarding their investments. Did you know we have an Alexa Skill? To listen on your Alexa device, just say, “Alexa, play Flourish Insights.” Today, we are discussing if we are in a recession, if there is a soft landing in our future, or if we're somewhere in between in a Recession-ish environment. The US economy shrank at an annualized rate of 0.9% during the second quarter after a 1.6% decline in the first quarter. Two straight quarters of declining Gross Domestic Product, or GDP, is the historical definition of a recession, but there is a debate whether we are currently in a recession or not. The official decision about a recession is made by the National Bureau of Economic Research who has rejected the historical definition. Instead, a recession is a significant decline in economic activity that is deep, broad, and lasts for more than a few months. For example, the US economy went into recession during March and April of 2020 during the COVID shutdown, which we all felt in real time but wasn't official until the end of the year when the National Bureau of Economic Research made the declaration. In addition to declining economic activity, we have also been living with record high inflation. The most recent headline inflation rate of 9.1% was a new record. Despite those somber headlines, personal consumption increased during the second quarter while the economy added over 1 million jobs for the second quarter in a row. In addition, unemployment is at a historically low rate of 3.6% and wage growth continues. Regardless of our recession status, we are definitely facing an economic crisis. An analogy I will borrow from economist Michael Lebowitz is that we have a trolley car problem. The scenario is that an unstoppable trolley car is barreling down the track. As the switchman, you stand at the junction where the track branches and you must choose which path the trolley will follow. Unfortunately, people are tied to both sets of tracks, making the decision incredibly difficult and without a clear “best” option. That's basically the situation for the Federal Reserve, choosing between persistently high inflation and rate hikes that could trigger a recession. Increasing short-term interest rates is designed to decrease consumer demand while reducing prices. Successfully finding a path where rising interest rates slow the economy without creating a recession is called a soft landing. There have been almost 15 recessions since World War II and more than two-thirds of the recessions were caused by the Fed raising interest rates faster than the economy could handle. At the same time, the other third of the time the Fed was able to reduce inflation with minimal negative impacts on GDP and unemployment. As of the end of July, the Fed has raised interest rates four times in 2022, going from basically 0% to 2.25% with another 1% priced into the market for additional hikes this year. When asked to share his thoughts about the chances the Federal reserve can fight inflation without causing a recession, Fed Chair Jay Powell stated “There are a number of plausible paths to have a soft or soft-ish landing. Our job isn't to handicap the odds, it to try to achieve that.” He compared a soft-ish landing to a bumpy but otherwise successful airplane landing. So, basically, we are in a recessionary environment, without knowing whether or not it's a technical recession, facing high inflation, and hoping that the Fed rate hikes can accomplish a soft-ish landing. Our perspective at Flourish is that the next few months will be bumpy, but we are optimistic that the economy and the stock market will take an upward turn later this year. There are a lot of variables to consider, so we will continue to stay proactive to position client portfolios for an eventual rebound without taking on short-term risk too soon. For more up-to-date insights into the market, the economy, and what it all means for your portfolio, subscribe to Flourish Insights on Apple Podcasts, Spotify, or wherever you listen to podcasts. You can also find our full catalogue of episodes at FlourishInsights.com. Thanks so much for listening, and don't forget to stay focused and think long-term. Send us your feedback online: https://pinecast.com/feedback/flourish-insights/f66a0fb9-74a0-4f59-9914-05de9fcc9aa0

Slow Money Show
Did the Fed Really Pivot?

Slow Money Show

Play Episode Listen Later Aug 1, 2022 39:44


The ARC Asset Management team discusses the latest FOMC meeting where the Fed hiked 75 basis points; however, it was the press conference following the announcement that sent markets higher as investors interpreted Fed Chair Jay Powell's off the cuff comments as “dovish.” Yields, credit spreads and implied volatilities (uncertainty readings) fell, while equities rallied. The team discusses whether this was the correct interpretation while also talking about how earnings announcements and the potential for a recession could impact stocks and bonds.

Squawk Pod
Recession, Recession, Recession? 7/28/22

Squawk Pod

Play Episode Listen Later Jul 28, 2022 26:24 Very Popular


The Federal Reserve has once again hiked interest rates by 0.75%, but the markets breathed a sigh of relief at the central bank's signal that the peak hikes might be behind us. Today's GDP data revealed a second consecutive quarter of contraction in the US economy, which traditionally would constitute a recession; however, Fed Chair Jay Powell does not believe our country to be in a recession, despite the data. He, President Biden, Treasury Secretary Janet Yellen, and other economists are considering a different definition of “recession.” Former Vice Chair of the Fed Roger Ferguson unpacks the latest rate hike and the various components of a true recession. Whether or not we're in one, consumers are feeling inflation's squeeze on their wallets. President of Kraft Heinz North America Carlos Abrams-Rivera discusses the pressure on American families in the grocery store, and shares ways he's hoping to keep mac & cheese and the rest of his portfolio accessible through a downturn. Plus, Meta reported its first ever revenue decline, and Washington is negotiating about a trillion dollars of new spending, including a new chapter of the Build, Back, Better agenda, following Sen. Joe Manchin's surprising deal on certain key issues for Democrats.  In this episode:Becky Quick @BeckyQuickJoe Kernen, @JoeSquawkAndrew Ross Sorkin, @AndrewrsorkinCameron Costa, @CameronCostaNY

The News with Shepard Smith
Gun Makers Testify on Capitol Hill After String of Mass Shootings 7/27/22

The News with Shepard Smith

Play Episode Listen Later Jul 28, 2022 50:12


The CEOs of two gun manufacturing companies testified to the House Oversight Committee today. Just before the hearing, lawmakers released a report on the industry's marketing actions and profits, revealing gun makers have made more than $1 billion off assault-style weapons over the last decade. Plus, the Federal Reserve raised its benchmark interest rate by .75 points. It comes as Fed Chair Jay Powell says he does not think the U.S. is currently in a recession. We take a look at how he's handling concerns about having people lose their jobs. And the U.S. makes a “substantial” offer to Russia to release detained basketball star Brittney Griner and marine veteran Paul Whelan. Is this a deal the Russians would take and the one the U.S. should offer?

SkyWatchTV Podcast
Five in Ten 6/24/22: The Friday Five - Jab Reduces Male Fertility

SkyWatchTV Podcast

Play Episode Listen Later Jun 24, 2022 18:00


A new peer-reviewed study at fertility clinics in Israel found that men showed lower sperm counts for at least five months after the second dose of Pfizer's mRNA jab, a finding that raises important questions about how that's even possible. 5) Tensions continue between Russia and NATO member Lithuania; 4) Pro-abortion protesters target home of conservative Supreme Court justice; 3) Disturbing findings in new studies about effects of mRNA vaccines; 2) Powerful quake hits eastern Afghanistan; 1) Fed Chair Jay Powell throws President Biden under the inflation bus.

P&L With Paul Sweeney and Lisa Abramowicz
Jay Powell, Pride, And Public Companies (Podcast)

P&L With Paul Sweeney and Lisa Abramowicz

Play Episode Listen Later Jun 23, 2022 27:36


Jennifer Lee, Senior Economist and Managing Director at BMO Capital Markets, joins the show to discuss Jay Powell, the US economy, and the outlook for a recession. June Grasso, host of “Bloomberg Law” on Bloomberg Radio, discusses the Supreme Court striking down New York's restrictive gun law. Anna Wong, Chief US Economist with Bloomberg Economics, discusses Fed Chair Jay Powell's testimonies to the House and Senate and the possibility of a recession this year. Edward Moreno, Labor and Employment Reporter for Bloomberg Law, discusses the pressure companies face in advocating for inclusion during Pride Month. Hosted by Paul Sweeney and Matt Miller. See omnystudio.com/listener for privacy information.

The Financial Exchange Show
Jay Powell Faces Congress // "Bubbliest" Housing Markets // Owning Vs. Renting A Home - 6/23 (Hour 1)

The Financial Exchange Show

Play Episode Listen Later Jun 23, 2022 40:40


(0:59) - The guys open the show reviewing Fed Chair Jay Powell's testimony in front of congress and where he stands on inflation.(12:26) - Continuing to talk about inflation, specifically whether or not new policy can effectively combat higher costs.(23:00) - Discussing what parts of the world have the "bubbliest" housing markets.(31:56) - Weighing in on owning a home vs. renting a home. A new report shows that the cost of owning far exceeds the cost of renting.

BFM :: Market Watch
Fed Chair Jay Powell Utters Dreaded 'R' Word

BFM :: Market Watch

Play Episode Listen Later Jun 22, 2022 13:24


With Fed Chair Jerome Powell admitting that a recession is inevitable in the US, the narratiive now turns to its timing and magnitude. Tony Nash, CEO, Complete Intelligence., helps clear the air.

Sound On
Sound On: Gas Tax Holiday Gimmick, Did Powell Predict a Recession?

Sound On

Play Episode Listen Later Jun 22, 2022 37:33


Today's guests: Bloomberg Economics Editor Mike McKee discusses Fed Chair Jay Powell's comments about inflation, Greg Giroux, Bloomberg Government elections reporter discusses the results of Tuesday's primary elections in Alabama and Georgia and Bloomberg Politics Contributors Jeanne Sheehan Zaino and Rick Davis discuss President Biden's proposal to suspend the federal gasoline tax and analysis of President Trump's primary endorsement record.   See omnystudio.com/listener for privacy information.

Forward Guidance
Cash Is King During Fed's Hawkish Warpath, Says Former $20 Billion Fund Manager

Forward Guidance

Play Episode Listen Later Jun 16, 2022 44:43


Alfonso “Alf” Peccatiello, author of The Macro Compass and former $20 Billion fund manager, joins Jack Farley to break down yesterday's action-packed Fed meeting, in which Fed Chair Jay Powell laid out the Fed's revised framework for moderating the rampant inflation that has beset the U.S. economy. Alf tells Jack why the tightening of financial conditions that the Fed aims for requires a further fall in risk assets, and therefore he expects that cash will perform well. Filmed the morning of June 16, 2022. -- Follow Alf on Twitter https://twitter.com/MacroAlf Follow Jack on Twitter https://twitter.com/JackFarley96 Follow Blockworks on Twitter https://twitter.com/Blockworks_ Alfonso Peccatiello's writings can be found at https://themacrocompass.substack.com/ His most recent piece that he and Jack discuss can found here: https://themacrocompass.substack.com/p/bad-cop-good-cop?s=r#details -- The Fed's June statement: https://www.federalreserve.gov/monetarypolicy/files/monetary20220615a1.pdf The Fed's Summary of Economic Projections (SEP): https://www.federalreserve.gov/monetarypolicy/files/fomcprojtabl20220615.pdf -- Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/ -- (00:00) FOMC Overview (06:30) Powell - Good Cop or Bad Cop? (09:40) Inflation Expectations and Terminal Rate (12:25)Leverage and VaR Shock (17:08) Can The Fed Actually Control Inflation? (23:13) The Impact Of Higher Rates On Portfolio Allocation (29:37) What Does This Mean For Your Portfolio? (41:43) The Fed's Real Yield Paradigm Shift -- Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Hawaii News Now
This is Now (June 15, 2022)

Hawaii News Now

Play Episode Listen Later Jun 15, 2022 24:31


The Federal Reserve intensified its fight against high inflation on Wednesday, raising its key interest rate by three-quarters of a point — the largest bump since 1994 — and signaling more rate hikes ahead as it tries to cool off the U.S. economy without causing a recession. The unusually large rate hike came after data released Friday showed U.S. inflation rose last month to a four-decade high of 8.6% — a surprise jump that made financial markets uneasy about how the Fed would respond. The Fed's benchmark short-term rate, which affects many consumer and business loans, will now be pegged to a range of 1.5% to 1.75% — and Fed policymakers forecast a doubling of that range by year's end. “We thought strong action was warranted at this meeting, and we delivered that,” Fed Chair Jay Powell said at a press conference in which he stressed the central bank's commitment to do what it takes to bring inflation back down to the Fed's target rate of 2%, even if that resulted in a slightly higher unemployment rate. Powell said it was imperative to go bigger than the half-point increase the Fed had earlier signaled because inflation was running hotter than anticipated — causing particular hardship on low-income Americans and solidifying the public's view that stubbornly high inflation won't be easily resolved. See omnystudio.com/listener for privacy information.

Squawk Pod
Treasury Secretary Janet Yellen & Economist Mohamed El-Erian 6/1/22

Squawk Pod

Play Episode Listen Later Jun 1, 2022 27:12 Very Popular


Treasury Secretary Janet Yellen says the White House has several strategies that will reduce inflation, which she conceded is too high. In a sit down interview with Becky Quick, former Fed Chair Yellen recaps her meeting with current Fed Chair Jay Powell and President Biden, and she lists efforts aimed at prescription drug costs, the budget deficit, and oil production that could bring down prices. Economist Mohamed El-Erian, Allianz and Gramercy advisor and president of Queens' College, Cambridge, discusses the Federal Reserve and his outlook for interest rate hikes later this year.In this episode:Janet Yellen, @SecYellenMohamed El-Erian, @elerianmBecky Quick, @BeckyQuickBrian Sullivan, @SullyCNBCCameron Costa, @CameronCostaNY

Worldwide Exchange
Why President Biden says Tackling Inflation is his “Top Economic Priority” 5/31/22

Worldwide Exchange

Play Episode Listen Later May 31, 2022 44:50


President Biden says the Federal Reserve has a responsibility to control inflation and vows to not influence the bank's decision making ahead of his meeting with Fed Chair Jay Powell at the White House today. James Pethokoukis of the American Enterprise Institute joins us to discuss why Biden has made tackling inflation his “top economic priority.” Plus, last week's strong showing by the major indices is helping to erase some of the losses the markets have faced this month. Jon Najarian of Market Rebellion, gives his take on where the options action is within the markets. And, after the long holiday weekend, how is the trading week ahead looking? Anneka Treon of Kempen and David Katz of Matrix Asset Advisors tell us what to look at for.

Sound On
Sound On: The Balance of Energy and Politics

Sound On

Play Episode Listen Later May 31, 2022 37:33


Dan Yergin, vice chairman of S&P Global, discusses the balance of energy and politics, specifically in the realm of OPEC weighing Russia's suspension Gene Sperling, Senior Advisor to the President, discusses President Biden's meeting with Fed Chair Jay Powell, and the White House's plan to deal with inflation. Bloomberg Politics Contributors Jeanne Sheehan Zaino and Rick Davis discuss energy, inflation and former President Trump's efforts to unseat Rep. Liz Cheney from the House.  See omnystudio.com/listener for privacy information.

The Cable
Inflation, Oil Prices, Monkeypox and Biden-Powell Meet(Podcast)

The Cable

Play Episode Listen Later May 31, 2022 46:08


Hosts Guy Johnson and Alix Steel talk with Bloomberg Opinion's Marcus Ashworth on inflation and the ECB, and talk oil prices in Europe following the EU's ban on most Russian crude with Bloomberg's Julia Fanzeres. They also speak with Dr. Louise Blair, Head of Vaccines and Variants at Airfinity on Monkeypox and COVID-19, and Bloomberg's Michael McKee about the upcoming meeting between President Biden and Fed Chair Jay Powell.

Coin Stories
Jeff Booth: Bitcoin to Solve Our Debt Crisis - Live in Oslo

Coin Stories

Play Episode Listen Later May 26, 2022 52:28


Jeff Booth is an entrepreneur, technology leader, strategic advisor, General Partner at venture capital firm Ego Death Capital, and author of the best-selling book The Price of Tomorrow: Why Deflation Is The Key To An Abundant Future. Follow him at https://twitter.com/JeffBooth We talked about:  - Market conditions - Fed policy - Bitcoin price - Credit on Bitcoin? REFERRAL LINKS: Coin Stories is powered by BITCOIN 2023, which will be the BIGGEST BITCOIN EVENT IN HISTORY held in April 2023. If you missed Bitcoin 2022, make sure to head to  @Bitcoin Magazine  to find videos and highlights of all the biggest events and panels. You can get an early bird pass for Bitcoin 2023 at a steep discount if you head to: https://b.tc/conference/2023  *** Okcoin is on a mission to make crypto investing and trading easily accessible to anyone around the world. We are building the next generation of tools to help onboard the investors and traders who have been on the fence about crypto. Okcoin is a globally licensed exchange with offices in San Francisco, Miami, Malta, Hong Kong, Singapore and Japan. We are a collective of global citizens with a common passion to help decentralize finance and level the economic playing field for everyone around the world. Visit https://www.okcoin.com/natalie  for $50 in Bitcoin when you sign up.   *** With iTrustCapital, you can actually invest in crypto without worrying about taxes, or fees. iTrustCapital allows their clients to invest in crypto through an individual retirement account, or an IRA. IRAs are tax sheltered accounts, which means all your crypto trading is tax-free and can even grow tax-free over time. The best part is that it's totally free to open an account, and there are no hidden fees. You don't need to pay any monthly subscription or membership fees either. If you open and fund an account, you will get a $100 funding bonus added to your account. To learn more, click the link below and open a free account to learn more. https://itrust.capital/nataliebrunell  *** Fold is the best Bitcoin rewards debit card and shopping app in the world!  Earn Bitcoin on everything you purchase with the Fold's Bitcoin cashback debit card and spin the Daily Wheel to earn free Bitcoin. Head to https://www.foldapp.com/ natalie for 5,000 in free sats!   #bitcoin #cryptocurrency #inflation   Timecodes:   00:00 Promo codes 01:58 Oslo Freedom Forum 02:59 Macroeconomics, Bitcoin dropping, Fed tightening 08:26 What needs to break to spark money printing? 10:17 Unprecedented money printing, broken system 12:40 Bitcoin is inherently apolitical 15:41 BTC separate from equities 17:47 Debt bubble 19:09 The future of debt and credit 22:50 iTrustCapital break 23:38 Fold app break 24:11 Battle around Bitcoin standard 28:16 Why don't leaders believe or understand? 32:55 Is China preparing for war? 36:28 Biggest surprise in the last year: El Salvador 38:45 Impression of El Salvador 39:38 Lightning Network, Ego Death Capital 40:50 Terra Luna meltdown 44:26 What's next? Yield curve control (YCC) 46:00 Recessions: 2008 compared to 2022 47:55 Housing bubble 48:26 Getting worse before getting better 49:24 What should Fed Chair Jay Powell do? 50:26 Spend Bitcoin, buy more Bitcoin

The Financial Exchange Show
Jay Powell Believes In The Fed // Target Misses The Mark in Q1 // Ask Todd - 5/18 (Hour 1)

The Financial Exchange Show

Play Episode Listen Later May 18, 2022 40:28


(0:38) - Wednesday's show starts with a recap of Fed Chair Jay Powell's comments on Tuesday in which he claimed that the Federal Reserve has the tools to bring down inflation.(13:42) - Reviewing Target's earnings miss, which entailed weaker-than-expected profit and sent the share price down over 20%.(22:50) - Estate planning attorney Todd Lutsky of Cushing & Dolan joined the show for another edition of "Ask Todd".

The Financial Exchange Show
Powell, Fed Comments Spark Sell-Off // Air Travel Demand Sky-High // The Optimal Workweek - 4/22 (Hour 1)

The Financial Exchange Show

Play Episode Listen Later Apr 22, 2022 40:29


(0:51) - Chuck and Brendan open the last show of the week with a review of Thursday's sell-off, which was sparked by comments from both the St. Louis Fed President and from Fed Chair Jay Powell.(13:18) - Discussing the swift rebound air travel has seen in America and how airlines are struggling to keep up with demand.(22:34) - A conversation about what exactly the "optimal workweek" entails, and how companies are adjusting to the needs and wants of employees.(36:04) - Talking about Lululemon, which will be launching a paid subscription service that will have perks for customers.

FT News Briefing
Introducing: the FT Climate Game

FT News Briefing

Play Episode Listen Later Apr 22, 2022 11:41


Elon Musk unveiled a $46.5bn financing package to fund his takeover bid for Twitter, Netflix lost close to 40 per cent of its market value after revealing that its once-blistering subscriber growth had gone into reverse, Fed Chair Jay Powell signalled the Fed could raise rates by a half point in May, the FT's Climate Game allows players to try and save the planet from the worst effects of climate change. Mentioned in this podcast:Elon Musk unveils $46.5bn financing package to fund Twitter bidNo, you did not see the Netflix mess coming Powell signals Fed is prepared to raise rates by a half-point in MayBill Ackman sells entire Netflix stake at roughly $400mn lossThe climate game: can you reach net zero by 2050?FT Podcast SurveyThe FT News Briefing is produced by Fiona Symon and Marc Filippino. The show's editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva, and Gavin Kallmann. The show's theme song is by Metaphor Music. Topher Forhecz is the FT's executive producer. The FT's global head of audio is Cheryl Brumley.Read a transcript of this episode on FT.com See acast.com/privacy for privacy and opt-out information.

Economy Watch
Beijing on the back foot

Economy Watch

Play Episode Listen Later Apr 21, 2022 5:18


Kia ora,Welcome to Friday'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.Today we lead with news Beijing seems to be on the back foot in a range of policy positions, and investors are not impressed.But first, US jobless claims for last week fell marginally, but were at about the expected level. The number of people claiming these benefits also fell to 1.475 mln, that is to 1.1% of their workforce, and another all-time low.Another American regional factory survey came in reporting a good expansion, but in this Philly Fed one there are signs the impetus could be fading. This survey's indicators for current general activity, shipments, and new orders declined from last month's readings even if they did remain positive. The employment index and both price indexes edged higher and remain elevated. But the future indicators for general activity and new orders fell sharply, even if overall, firms continued to expect growth over the next six months.Meanwhile, Fed Chair Jay Powell made it clear when speaking as part of an IMF panel that the central bank remains committed to taming inflation, currently at 40-year highs, while virtually sealing in a +50 bps interest rate hike in May. Several other Fed policymakers, including regional presidents Mary Daly of San Francisco, Charles Evans of Chicago and Raphael Bostic of Atlanta, had delivered the same message earlier in the week. Now the outlier is hawk St Louis Fed President James Bullard who has been saying that hikes of +75 bps could be necessary to tame runaway inflation. No-one is out there saying a +25 bps is the right call.China stocks were sharply lower yesterday as policy decisions to bolster a fading economy disappointed investors. The malaise runs deeper; capital outflows, triggered by market expectations of more aggressive rate rises in the US and Europe this year have alarmed officials in Beijing. And the Chinese yuan is depreciating in a worrying way as well. Investors are not optimistic that the side China is on in the coming new bipolar world will be the right one, and seem to be bailing. China's current economic policy making looks decidedly archaic.The cost of shipping containers out of China fell again last week in a building trend. Bulk cargo rates remained static.Inflation in the EU rose from 6.2% in February to 7.8% in March. This was marginally less than what was expected. It was less in the euro zone countries. (The US is at 8.5%, New Zealand at 6.9%. Australia is expected to come in at about 5%.)In something of a surprise, EU consumer confidence improved in April. Didn't see that coming. Admittedly it is still at a very low level, but the grinding war in the east isn't weighing as much as you might have thought. But the pall hangs especially heavy over Turkey where war, inflation, and dodgy policy-making have driven them into a major funk.And there were hawkish comments from the ECB that markets noticed as well.In Australia, an annual study by KPMG and the University of Sydney Business School is reporting that Chinese firms invested NZ$900 mln in Australia during the 2021 calendar year, down very sharply from NZ$2.8 bln in 2020, as the pandemic accelerated a trend that started well before based on a falling out between the two.Ratings agency Moody's has held its credit rating for New Zealand at Aaa, the maximum. Moody's said it "expects New Zealand's wealthy and highly competitive economy to continue its recovery, growing by 3.0% in 2022, from 5.0% in 2021. The economy demonstrated strong resilience in the face of the substantial shock of the Covid pandemic."The UST 10yr yield starts today back up +8 bps bps at 2.92% and recovering up all of yesterday's fall. The price of gold starts today down -US$9 since this time yesterday at US$1947/oz.And oil prices are marginally firmer at just under US$103/bbl in the US while the international Brent price is now just over US$107/bbl.The Kiwi dollar will open today down more than -½c at 67.4 USc. Against the Australian dollar we are very marginally firmer at 91.4 AUc. Against the euro we are more than -½c weaker at 62.1 euro cents. That all means our TWI-5 starts today at 73.5 and -60 bps lower. The bitcoin price is up just +0.6% from this time yesterday at US$41,670. Volatility over the past 24 hours has been moderate at just under +/- 2.5%.You can find links to the articles mentioned today in our show notes.And get more news affecting the economy in New Zealand from interest.co.nz.Note that it is a public holiday in New Zealand on Monday, ANZAC Day.Kia ora. I'm David Chaston and we'll do this next again on Tuesday.

The Financial Exchange Show
Tesla Stays Hot in Q1 // Germany Done With Russian Oil // Jay Powell: Man Of His Word - 4/21 (Hour 1)

The Financial Exchange Show

Play Episode Listen Later Apr 21, 2022 40:29


(0:43) - Chuck and Mike open the show with a review of Tesla's Q1 earnings, which saw the company reach record profit of $3.3B.(12:51) - Discussing Germany's commitment to halt purchases of Russian oil before the end of 2022.(24:26) - A conversation about AT&T and all its mishaps and poor acquisitions made over the previous decade.(35:54) - Fed Chair Jay Powell will be speaking today, and the guys talk about whether he will stick to his plan to raise rates by a half percent or more at the next Fed meeting.

Closing Bell
Closing Bell: Market Rallies following Fed's rate hike since 2018, Fmr. National Economic Council Director on why inflation probably hasn't peaked, and why one analyst is betting on brokerages over banks in a higher rate environment 3/16/22

Closing Bell

Play Episode Listen Later Mar 16, 2022 56:54


The Dow soaring more than 500 points after the Fed raised interest rates for the first time since 2018. The market making a big turnaround during Fed Chair Jay Powell's news conference. Fmr. National Economic Council Director Gary Cohn has instant reaction to Powell and explains why he doesn't think inflation has peaked. Wolfe Research's Steven Chubak on why he prefers brokerage stocks over the banks right now. Evercore ISI's Mark Mahaney on why investors should be in defensive tech stocks amid a higher interest rate environment.

CNBC's
Fast Money traders break down today's rally

CNBC's "Fast Money"

Play Episode Listen Later Mar 2, 2022 43:55


Stocks surge as Fed Chair Jay Powell testifies before Congress. Plus, the big headline that had Draftkings investors heading for the dugout. And the trade on Citi and the bank holds its investor day.

Motley Fool Money
Allocation Strategies for a Down Market

Motley Fool Money

Play Episode Listen Later Mar 2, 2022 24:02


Between President Biden's State of the Union address and Fed Chair Jay Powell testifying before the U.S. House Committee on Financial Services, there are multiple investing-related stories coming out of Washington, DC. (0:25) Bill Mann discusses: - The current state of play for the oil & gas industry - Why investors should be looking at exploration and production companies - How the stock market has already priced in the first interest rate hike of 2022 - The increasing lure of businesses with great free cash flow and the ability to raise prices. (13:00) Jason Moser and Matt Frankel share allocation advice for a down market. Stocks discussed: OXY, GOOG, GOOGL, AAPL, BRK, RHP, PYPL, SQ Host: Chris Hill Guest: Bill Mann, Jason Moser, Matt Frankel Engineer: Rick Engdahl

Real Vision Presents...
Between "Inflation and Deflation" Lies More Volatility

Real Vision Presents...

Play Episode Listen Later Feb 10, 2022 33:32


Japan Machine Tool Orders, the best leading indicator of the global industrial cycle, accelerated in January. And recent data suggest the backlog at Los Angeles Port may begin to ease by summer. At the same time, the coming Federal Reserve rate-hiking cycle is a major wild card for investors. Darius Dale, founder and CEO of 42 Macro, joins Real Vision's Maggie Lake to talk about why, according to his analysis, “deflation” is now equal to “inflation” as the dominant short-term market regime. Was the January sell-off merely a precursor to a larger correction? However the case turns, Fed Chair Jay Powell's “right-tail hawkishness” means more volatility. Darius shares his thoughts on a murky macro picture and how specific assets are likely to perform under various scenarios. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/3HESUe5 Learn more about your ad choices. Visit megaphone.fm/adchoices

BIG Money Report
Week Ending 01_28_2022 Stock Market Recap

BIG Money Report

Play Episode Listen Later Jan 29, 2022 13:22


Markets were on an absolutely rollercoaster this week with earnings, rising rates and Fed Chair Jay Powell stirring concerns. Is the wild ride over? Should you buy, sell or hold? TUNE IN TO FIND OUT!

Squawk Pod
Netflix & Bill (Ackman); Druckenmiller & the Great Fed-spectations; Spotify & Neil Young's ‘Separate Ways'

Squawk Pod

Play Episode Listen Later Jan 27, 2022 30:04


Legendary investor Stanley Druckenmiller says he'll be listening to the bond market as the Federal Reserve backs away from its economic easing policies. CNBC's Steve Liesman breaks down Fed Chair Jay Powell's tricky road ahead. Hedge funder Bill Ackman bought up enough Netflix stock to make him one of the streamer's top 20 shareholders. Musician Neil Young set an ultimatum for Spotify, asking the team to remove either Joe Rogan's ‘The Rogan Experience,' which Young claims is spreading Covid-19 misinformation, or his own music. Spotify picked its lucrative podcaster Joe Rogan over the works of legendary rocker. Axios reporter Sara Fischer breaks down why Spotify's optimism about podcast advertising dollars might have justified the decision.  In this episode:Sara Fischer, @sarafischerJoe Kernen, @JoeSquawkBecky Quick, @BeckyQuickAndrew Ross Sorkin, @andrewrsorkinSteve Liesman, @steveliesmanKatie Kramer, @Kramer_Katie

The Young Turks
False Positive

The Young Turks

Play Episode Listen Later Jan 14, 2022 50:28


The Supreme Court has blocked President Biden's workplace vaccine rules but it allowed the requirement for healthcare workers. Fed Chair Jay Powell grudgingly acknowledged that corporate profiteering and market concentration are helping drive up inflation. Kim Kardashian and Floyd Mayweather have been sued over an alleged crypto scam. The Democratic Governor of Maine torpedoed a worker's rights bill. Almost 10,000 Kroger's workers go on strike in Denver. A judge in western Illinois who found an 18-year-old man guilty of sexual assaulting a 16-year-old girl has come under fire after he later threw out the conviction, saying the 148 days the man spent in jail was punishment enough.Hosts: Ana Kasparian, Wosny Lambre See acast.com/privacy for privacy and opt-out information.

Thoughts on the Market
Michael Zezas: The Fed's Tough Job Ahead

Thoughts on the Market

Play Episode Listen Later Jan 13, 2022 3:07


Confirmation hearings for Fed Chair Powell's second term highlighted the challenges for the year ahead. Inflation concerns fueled by high demand and disrupted supply chains, a tight labor market and the trajectory of the ongoing pandemic will make guessing the Fed's next moves difficult in 2022.----- Transcript -----Welcome to Thoughts on the Market. I'm Michael Zezas, Head of Public Policy Research and Municipal Strategy for Morgan Stanley. Along with my colleagues, bringing you a variety of perspectives, I'll be talking about the intersection between U.S. public policy and financial markets. It's Thursday, January 13th at 10:00 a.m. in New York. A key focus in D.C. this week is the Senate confirmation hearings for Fed Chair Jay Powell, who's been nominated for another term at the helm of the Federal Reserve. Whenever the Fed chair speaks, it's must-see TV for bond investors. And this remains as true as ever this week. See, the Fed has a really tough job ahead of them. The economy is humming, and it's nearing time to tighten monetary policy and rein in inflation. We know from their most recent meeting minutes that the Fed sees it this way. But how quickly to do it, and by what method to do it, well, that's more up for debate. That's because, in fairness to the Fed, there's no real template for the challenge that's ahead of them. The pandemic and the economic recovery from it have presented an unusual and hard to gauge set of inputs to monetary policy decision making. Take inflation, for example. There's no shortage of potential overlapping causes for the currently high inflation reads: supply chain bottlenecks; an unprecedented rapid rebound in demand for goods, both in absolute terms and relative to services; a sluggish labor force participation rate; and, influencing each of these variables, the trajectory of a global pandemic. The Fed's job, of course, is to assess to what degree these factors are temporary or enduring, and calibrate monetary policy accordingly to bring inflation to target. But to state the obvious, this is complicated. So it's not surprising that the recent Fed minutes showed they're considering a wide range of monetary tightening options. A lot is on the table around the number of rate hikes, pace of rate hikes and pace of balance sheet normalization. We expect Chair Powell will be further underscoring this desire for optionality in monetary policy in his forthcoming statements. Of course, another phrase for optionality might be policy uncertainty, and this is exactly the point we think bond investors should focus on. Precisely guessing the Fed's every move is likely less important than understanding the Fed has, and can continue, to change its approach to monetary tightening as it collects more data and better understands the current inflation dynamic. This is the genesis of the recent uptick in bond market volatility, which we expect will be an enduring feature of 2022. But volatility can mean opportunity, particularly for credit investors, in our view. Corporate and municipal bond credit quality is very strong, but both markets have a history of underperforming during moments of Treasury market volatility. That's why my colleagues and I are recommending for both asset classes to start the year with portfolios positioned cautiously, allowing you to take advantage of better valuations when they present themselves. In this way, like the Fed, you too will have options to deal with uncertainty. Thanks for listening. If you enjoy the show, please share Thoughts on the Market with a friend or colleague or leave us a review on Apple Podcasts. It helps more people find the show.

The Financial Exchange Show
Fed Chair Powell Confirmed // Ted Rossman of Bankrate.com // More Insider Trading at Fed - 1/11 (Hour 1)

The Financial Exchange Show

Play Episode Listen Later Jan 11, 2022 40:32


(1:25) - The show opens with a discussion about Fed Chair Jay Powell's confirmation hearing in Washington today.(13:39) - Ted Rossman of Bankrate.com joined the show to talk about Bankrate's recent study on consumer behavior when it comes to credit card spending.(23:52) - Touching on the resignation of Fed Vice Chairman Richard Clarida, who has been accused of inside trading. (33:19) - The extremely understaffed IRS is preparing for a busier-than-usual tax season after new programs were implemented last year.

The Financial Exchange Show
Fed Driving Markets? // Small Caps Suffering Big Time // Evergrande Restructuring - 12/6 (Hour 1)

The Financial Exchange Show

Play Episode Listen Later Dec 6, 2021 40:27


(2:21) - Chuck and Mike open the week with a conversation about current markets, and how investors may be making decisions based more on Fed moves than Omicron news.(12:37) - A discussion about Fed Chair Jay Powell's pivot to a hawkish approach, which has not been his style during his time as Chairman.(25:33) - Touching on how small cap stocks have been suffering greatly over the last two weeks, with the Russell 2K index now down 12% from its early November record.(34:35) - Talking about China real estate conglomerate Evergrande, which is attempting a restructuring for all of their offshore bonds and debt obligations.

Thoughts on the Market
Mike Wilson: Why Have Stocks Been So Weak?

Thoughts on the Market

Play Episode Listen Later Dec 6, 2021 3:36


The past few weeks have seen weak valuations across equity markets. While many look to the Omicron variant as the main culprit, the correction may have more to do with the recent Fed pivot.----- Transcript -----Welcome to Thoughts on the Market. I'm Mike Wilson, Chief Investment Officer and Chief U.S. Equity Strategist for Morgan Stanley. Along with my colleagues, bring you a variety of perspectives, I'll be talking about the latest trends in the financial marketplace. It's Monday, December 6th at 2:30 p.m. in New York. So let's get after it. While there's evidence the past few weeks have been rough for equity investors, there's a lot of debate around why stocks have been so weak. To us, it seemed like too much attention had been put on the new COVID variant, Omicron, as the primary culprit. Our focus has been much more on the Fed's more aggressive pivot on tapering asset purchases. Last Tuesday, Fed Chair Jay Powell told Congress that it was time to retire the word 'transient' when talking about inflation. This was a significant change for a Fed that had been arguing inflation would likely settle back down next year as supply chains adjusted to the increased demand. As a result, the Fed is now likely to reduce its asset purchase program - known as quantitative easing, or QE - twice as fast as it had previously told us. In short, we now expect the Fed to be completely done with its QE program by the end of March. That is quite a speedy exit in our view and is likely to leave a mark on asset prices. Hence, the sharp correction in stocks last week, especially the most expensive ones. Importantly, this move by the Fed is very much in line with our mid-cycle transition narrative that regular listeners should recognize. From an investment standpoint, the most important thing one needs to know about the mid-cycle transition is that valuations typically come down. In S&P 500 terms, it's typically 20%. So far, we've seen valuations come down by only 10%, making this normalization process only about halfway done, at least at the index level. The good news is many individual stocks have gone through a derating of much greater than 20% already. The bad news is that while some of the most expensive stocks have been hit the hardest, they still look expensive when normalizing for the period of over-earning these companies enjoyed in 2021. Sectors we think look particularly vulnerable include consumer discretionary and technology stocks. Sectors that look cheap are health care and financials. Another consideration for investors is the fact that this White House appears to be more focused on getting inflation under control, rather than keeping the stock market propped up. This might give the Fed cover to stay the course on its plans to withdraw policy accommodation more aggressively. In other words, investors should not be so confident the Fed will reverse course quickly if stocks continue to wobble into year end. Finally, the new variant can't be completely ignored and does pose a risk to demand. However, we always expected another big wave of COVID this winter as the cold weather set in. In fact, the recent spike in cases in the US are almost exclusively the Delta variant. In other words, we would be seeing this spike with or without Omicron's arrival. This is one of the reasons we've been expecting demand to disappoint in the first quarter and another thing that markets will have to deal with as we go into next year. Bottom line, expect markets to remain volatile into year-end as investors are forced to chase and de-risk depending on the price action. In short, moves up and down will be accentuated by asset managers trying to keep up with their benchmarks. In such an environment, we recommend investors continue to keep their risk lower than normal with a focus on large cap quality stocks trading at a reasonable valuation. We expect that over the next three to four months, markets will give us a much fatter pitch to swing at as the Fed completes its exit from QE and growth bottoms. Thanks for listening. If you enjoy the show, please leave us a review on Apple Podcasts and share Thoughts on the Market with a friend or colleague today.

The Financial Exchange Show
Powell: From Dove to Hawk // Omicron Draining Oil Prices // Ask Todd - 12/1 (Hour 1)

The Financial Exchange Show

Play Episode Listen Later Dec 1, 2021 40:27


(5:23) - In the opening segment, Barry and Chuck talk about Fed Chair Jay Powell's suddenly hawkish demeanor, and what that could mean for the Fed's approach to the economy in the midst of the omicron variant's spread.(12:51) - A discussion regarding oil and how it has began to slide over the last week, with crude oil now in the $60/barrel price range.(22:34) - Estate planning attorney Todd Lutsky of Cushing & Dolan joined the show for another edition of "Ask Todd".

Alpha Trader
Alpha Trader talks EV infrastructure plays with Pieter Taselaar

Alpha Trader

Play Episode Listen Later Dec 1, 2021 55:15 Transcription Available


This week's Alpha Trader podcast features hosts Aaron Task and Stephen Alpher talking EVs with Pieter Taselaar, founding partner and portfolio manager of Lucerne Capital Management. He's also the CEO of European Sustainable Growth Acquisition Corp. (EUSG), a SPAC which hopes to soon close on its acquisition of ADS-TEC Energy, a German-based company that manufactures EV charging stations that can charge batteries in minutes without putting strain on a city's electrical grids. Among the topics covered: Task and Alpher discuss Fed Chair Jay Powell's surprising hawkishness on Tuesday morning, which helped send stocks sharply lower. They also dig into Jack Dorsey's exit from Twitter (TWTR), and what it might mean for the future of that platform Not an investor in the EV auto manufacturers, Taselaar instead looks for opportunities in companies providing the critical charging and battery infrastructure for the industry. Key to his thesis is the need for fast charging, and - in addition to above-mentioned ADS-TEC Energy - Taselaar is a fan of Wolfspeed (WOLF), and ASML (ASML), who make the semiconductors necessary for the battery chargers. He's also an owner of EVgo (EVGO), a pure EV play which could benefit from the subsidies in the Biden infrastructure bill. Nothing goes in a straight line, of course, and WOLF and EVgo have had rough recent runs. The EV revolution, however, is going nowhere, and Taselaar suggests investors consider adding on dips. Learn more about your ad choices. Visit megaphone.fm/adchoices

Nightly Business Report
Powell Tanks Stocks, Consumer Confidence Hits 9-Month Low, Green Apple in a Sea of Red

Nightly Business Report

Play Episode Listen Later Nov 30, 2021 46:26


Fed Chair Jay Powell triggering a sell-off after he said the QE taper timeline could accelerate and that inflation is no longer ‘transitory.' We dig into what it means for the equity and bond markets…and where to find opportunities. Consumer Confidence hit a low not seen since February as inflation continues to weigh…Conference Board CEO Steve Odland digs into what it means for retailers and the labor market. And Apple was a rare bright spot, Needham's Laura Martin reveals why she's staying bullish on the tech giant despite the tech wreck.

The Financial Exchange Show
Call In The Oil Reserves // Chris Campbell of Kroll // Samsung's $17B Facility - 11/23 (Hour 1)

The Financial Exchange Show

Play Episode Listen Later Nov 23, 2021 40:28


(1:04) - The U.S. announced that it will tap into its national strategic oil reserves in an effort to combat soaring oil prices, and the guys breakdown why this decision was made and what impact it could have.(13:35) - Chris Campbell, Chief Strategist at the Kroll Institute, joined the show to provide analysis on the decision to re-nominate Fed Chair Jay Powell.(24:02) - Discussing Samsung's plans to build a $17 billion chipmaking facility in Taylor, Texas, and what incentives Samsung has by doing this.(33:29) - Brendan and Paul run through a list of five items that you should not make a part of your Black Friday shopping list.

The Financial Exchange Show
U.S. Adds 531k Jobs in October // Pfizer's New COVID-19 Pill // Powell To Be Renominated? - 11/5 (Hour 1)

The Financial Exchange Show

Play Episode Listen Later Nov 5, 2021 40:27


(0:31) - A detailed breakdown of the October jobs report, which saw 531k jobs added to the U.S., with the unemployment rate falling to 4.6%.(12:35) - Discussing Pifzer's new antiviral pill that, in trials, reduced hospitalizations and severe symptoms from COVID-19 by 89%. (24:13) - Uber reported a profit for their Q3 earnings, but the guys discuss why there is more than meets the eye when it comes to their numbers.(33:02) - A conversation about whether or not Fed Chair Jay Powell, who was spotted at The White House yesterday, will be renominated for a second term by President Biden.

Real Vision Presents...
Peter Boockvar: Is Fed Chair Jay Powell's Renomination on the Line?

Real Vision Presents...

Play Episode Listen Later Sep 30, 2021 35:20


DB-Sep29,2021: The DXY is extending its rally from Tuesday, breaking the 94 level for the first time since the end of October last year. With yields now falling today and Senator Warren's strong opposition toward Powell's renomination as the Federal Reserve chair, calling him a “dangerous man,” Peter Boockvar, CIO of Bleakley Advisory Group and editor of The Boock Report, joins us to discuss what might be the course for tapering, rate policy, and fiscal stimulus and their consequences on markets and the economy. Interviewed by Dion Rabouin. Want to submit questions? Drop them right here on the Exchange: https://rvtv.io/2YcT0Ij Learn more about your ad choices. Visit megaphone.fm/adchoices

Bloomberg Businessweek
U.S. Stocks Tumble on Debt-Ceiling Concerns

Bloomberg Businessweek

Play Episode Listen Later Sep 28, 2021 42:28


Bloomberg Intelligence Chief U.S. Interest Rates Strategist Ira Jersey on Fed Chair Jay Powell and Treasury Secretary Janet Yellen Senate Banking Committee Testimony. Dr. Iman Abuzeid, Co-Founder and CEO at Incredible Health, on the impact of the pandemic on nurses. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Senior Correspondent Kyle Stock on Online Used-Car Dealers Thrive in Market Upended by Pandemic. Bloomberg News Consumer Reporter Leslie Patton on the Bloomberg Big Take- Ruined Brazil Harvest Sparks Food Inflation Everywhere. Bloomberg News Finance reporter Hannah Levitt on Wells Fargo Investors on Edge as Bank Resolves Another Probe. And then we Drive to the Close with Jimmy Lee, Founder and CEO at Wealth Consulting Group. Hosted by Carol Massar and Tim Stenovec. Producer: Paul Brennan  Learn more about your ad-choices at https://www.iheartpodcastnetwork.com

News Items Podcast with John Ellis
The Absurdity of Facebook's Oversight Board

News Items Podcast with John Ellis

Play Episode Listen Later May 5, 2021 22:29


Here are the news items:China is on track to build eight million electric cars a year by 2028, more than the rest of the world combined.Researchers at the University of Michigan think they've found a “gate for conscious awareness” — the part of the brain that filters information and controls which stimuli reaches our consciousness.Facebook's Oversight Board has upheld the platform's ban on former President Trump, while also calling the indefinite suspension “inappropriate.”Regional election results in Madrid and the success of CNews (France's equivalent to Fox News) provide more evidence that the right is ascendant in Europe.The White House's top Asia official warns against ditching the policy of "strategic ambiguity" regarding Taiwan. PLUS: John and Rebecca discuss inflation fears, and the Biden administration's rare communications missteps regarding the stimulus, interest rates and Fed Chair Jay Powell. See acast.com/privacy for privacy and opt-out information.

Thriller Bitcoin
Thriller Insider: How The FED Exit Scammed America

Thriller Bitcoin

Play Episode Listen Later Jun 7, 2020 69:51


Act IThe Creation of the FedThe Federal Reserve System, often referred to as the Federal Reserve or simply "the Fed," is the central bank of the United States. It was created by the Congress to provide the nation with a safer, more flexible, and more stable monetary and financial system. The Federal Reserve was created on December 23, 1913, when President Woodrow Wilson signed the Federal Reserve Act into law. Today, the Federal Reserve's responsibilities fall into four general areas.Conducting the nation's monetary policy by influencing money and credit conditions in the economy in pursuit of full employment and stable prices.Supervising and regulating banks and other important financial institutions to ensure the safety and soundness of the nation's banking and financial system and to protect the credit rights of consumers.Maintaining the stability of the financial system and containing systemic risk that may arise in financial markets.Providing certain financial services to the U.S. government, U.S. financial institutions, and foreign official institutions, and playing a major role in operating and overseeing the nation's payments systems.Upon its creation in 1913, twelve central banks all act as a lender of last resort for their regions. Federal Reserve Board is above these central banks that act as a regulatory agency. Originally FRB was only allowed to veto decisions not make them. This caused paralysis in the original system as they all couldn't agree further fuel for the beginnings of the great depression. The Great DepressionWorld War 1 had only ended 10 years after the start of the Great Depression in 1929. All of Europe bankrupted themselves after WW1 because they financed it by borrowing. Their Debt to GDP levels were something like 200-300%. They paid for it by inflating the debt away. The Allies demanded reparations to Germany because they owed the U.S. The U.S. refused to forgive these debts. The Germans thought this was completely unfair and never wanted to pay. Debt to GDP Ratio: Most countries around the world rely on sovereign debt to finance their government and economy. When this debt is used in moderation, it can position an economy to grow more quickly. This is much like using debt to finance a business.The debt-to-GDP ratio is a financial measurement for a country, similar to a business' debt to equity ratio. Both ratios are designed to help interested parties determine if a country has too much debt. It is a measurement of financial health.There is no set ideal ratio for a country to have to indicate it's financial health. However, when the ratio is used with other information, it can help you develop a working concept of a country's health. This can help you decide whether a country's economy is worth investing in.U.S.'s debt-to-GDP ratio is expected to eclipse 120% this year. To put these figures into perspective, the U.S.'s highest debt-to-GDP ratio was 121.7% at the end of World War II, in 1946. Debt levels gradually fell from their post-World War II peak, before plateauing between 31% and 40% in the 1970's—ultimately hitting a historic 31.7% low, in 1974. Ratios have steadily risen since 1980 and then jumped sharply, following 2007's subprime housing crisis and the subsequent financial meltdown.One of the consequences of WW1 was massive inflation which caused hyper inflation in the early 1920's. Central Bankers spent most of the mid to late 1920's trying save the British pound from collapsing. They actually went back to the Gold Standard because they thought it was the cure for hyper-inflation. They were wrong. The world suffered from the shortage of gold in the 1920's as there was not enough to go around (2/3 of the Gold was with the U.S. because of WW1, capital flights, payments etc...) Main problem was Britain went back to the old exchange rate for XAU/GBP (Gold / British pound.) Which caused the British pound to be over valued. In 1927 the central banks got together to discuss a way out of the mess they created. They decided to lower interest rates for European countries to pay back the debt at a lower cost. It was in July 1927 which also happens to be the start of the stock market bubble (within 3 months the stock market was up 21% and never looked back thereafter.) then burst October 1929. What occurred afterwards is what they teach you in school about how there was a run on the banks. (A banking crisis started in 1931, eerily quite the opposite of what we saw in 2020. With the Fed injecting liquidity to central banks and repo markets in 2019.) Eventually through the 1930's Britain, Italy and Germany all defaulted on its war debts and going off the gold standard…which then started the recovery.It is interesting that the ideology of "the gold standard" is that somehow if everyone uses gold everything is resolved. The historical data shows that what actually happens is people simply hoard and/or stop spending money in the economy, therefore no economic progress, then all you have is one or two piles of gold in the world and nothing to show for it, oh except war, famine and depression.....but at least you have your pile of gold.Act IISlow & Steady Transition to ChinaBoiling a Frog: 2008 through 2020The boiling frog is a fable describing a frog being slowly boiled alive. The premise is that if a frog is put suddenly into boiling water, it will jump out, but if the frog is put in tepid water which is then brought to a boil slowly, it will not perceive the danger and will be cooked to death. The story is often used as a metaphor for the inability or unwillingness of people to react to or be aware of threats that arise gradually rather than suddenly.During the 2007–2009 recession, US real GDP fell $650 billion (4.3%) and did not recover its $15 trillion pre-recession level for three years. That recession didn't have the psychological impacts unique to today's current pandemic.Former Federal Reserve Chair Janet Yellen recently said some startling things. On April 6, 2020, Yellen told CNBC's Sara Eisen on Squawk on the Street, “The Fed…is far more restricted than most other central banks….” (So far, so good. That's why the U.S. has had one of the least-bad paper currencies. It's “only” lost 90% of its purchasing power since 1950. Most paper currencies have fared much worse.) “It would be a substantial change to give the Federal Reserve the ability to buy stock….” “I frankly don't think it's necessary at this point. I think intervention to support the credit markets is more important, but longer term it wouldn't be a bad thing for Congress to reconsider the powers that the Fed has with respect to assets it can own.”When did junk bonds and unfunded municipal pension liabilities become good collateral for the U.S. Dollar? Equities…whaa?Black Rock Standing by to Exit Scam AmericaWith some $7 trillion under management, Larry Fink's mutual and exchange-traded fund specialist is by far the largest such group on the planet. Its funds typically own 5% or more of listed U.S. companies, often making the BlackRock complex the largest shareholder. The expertise it gleans from its global presence made it the go-to place for the Federal Reserve to get urgent help with parts of its multi-trillion-dollar coronavirus rescue package. In March, the U.S. central bank handed BlackRock's financial markets advisory unit its bailout mandate without a competitive process. Questioned by Senator Martha McSally last month, Fed Chair Jay Powell said speed dictated the choice and the Fed would eventually rebid the contract. Looking further you find a strong conflict of interest with Mitch McConnell and his wife Elaine Chao very much benefiting from the FED handing trillions to BlackRock.China knows that Wall Street is the gateway to America's central nervous system. Finance controls capital. Wall Street is the conduit of highly valuable information about all sectors of the economy. It has privileged access in the corridors of power in Washington, D.C. And Wall Street can be bought.BlackRock's emerging markets ETF holds only about $300 million, a small fraction of the $7.4 trillion in assets under management that it held at its last year-end. But BlackRock is playing a bigger game. At the 2018 BlackRock investor day, the company identified China as a large and fast-growing market with $3.6 trillion of assets under management and limited foreign access. This year is meant to see the elimination of restrictions on foreign ownership of fund-management firms. BlackRock's 2018 annual report highlights China as one of its largest growth opportunities, with Asia expected to drive 50% of the firm's organic growth of assets under management. “China is a market BlackRock has long coveted,” the Wall Street Journal reported last year.We're not bad people, we just come from a bad place. - Steve McQueenAct IIIWhat The Future Holds for Bitcoin Buy Bitcoin and Save the World…