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Anthony and Piers return to break down a busy start to 2026. They cover Wall Street's Q4 earnings, where Morgan Stanley shines amid a wave of tech-led bond issuance, while J.P. Morgan and Goldman show mixed results.They also dig into Trump's proposed cap on credit card interest, his DOJ probe into Fed Chair Powell, and the implications for central bank credibility. Oil markets react to rising tensions in Iran and developments in Venezuela, while the latest US inflation data shows progress but risks remain.Plus, why 2026 GDP growth could surprise to the upside if inflation and wage pressures stay in check.(00:00) Intro and Overview of Key Topics(01:36) Bank Earnings: A Mixed Bag(03:39) Morgan Stanley DCM Boom(11:01) BlackRock $14 Trillion AUM(14:09) Trump's Proposed Credit Card Cap(18:19) Powell and the Fed Investigation(22:16) Geopolitics: Iran and Venezuela(27:59) CPI Trends and Economic Outlook(32:11) Wage Price Spiral
This week, Emily Bazelon, John Dickerson, and David Plotz discuss why Trump is stepping up his attacks on Fed Chair Powell and how it could backfire, the increasingly inflammatory actions of ICE and the slim likelihood of justice for Renee Good in Minneapolis, and the Trump administration's unsettling efforts to sow doubt about election integrity ahead of the midterms.For this week's Slate Plus bonus episode, Emily, John, and David discuss this week's arguments at the Supreme Court in two cases about state bans on the participation of transgender kids in sports. In the latest Gabfest Reads, David Plotz talks with Wikipedia co-founder Jimmy Wales about his new book The Seven Rules of Trust: A Blueprint for Building Things That Last. They discuss how Wikipedia's culture of assuming good faith and shared purpose became a model for building trustworthy digital communities — and what lessons that holds for companies, social media, and politics today. Email your chatters, questions, and comments to gabfest@slate.com. (Messages may be referenced by name unless the writer stipulates otherwise.) Podcast production by Nina Porzucki Research by Emily DittoYou can find the full Political Gabfest show pages here. Want more Political Gabfest? Join Slate Plus to unlock weekly bonus episodes. Plus, you'll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Political Gabfest show page on Apple Podcasts and Spotify. Or visit slate.com/gabfestplus to get access wherever you listen. Find out more about David Plotz's monthly tours of Ft. DeRussy, the secret Civil War fort hidden in Rock Creek Park. Follow@SlateGabfest on X / https://twitter.com/SlateGabfestSlate Political Gabfest on Facebook / https://www.facebook.com/Gabfest/ Hosted on Acast. See acast.com/privacy for more information.
This week, Emily Bazelon, John Dickerson, and David Plotz discuss why Trump is stepping up his attacks on Fed Chair Powell and how it could backfire, the increasingly inflammatory actions of ICE and the slim likelihood of justice for Renee Good in Minneapolis, and the Trump administration's unsettling efforts to sow doubt about election integrity ahead of the midterms.For this week's Slate Plus bonus episode, Emily, John, and David discuss this week's arguments at the Supreme Court in two cases about state bans on the participation of transgender kids in sports. In the latest Gabfest Reads, David Plotz talks with Wikipedia co-founder Jimmy Wales about his new book The Seven Rules of Trust: A Blueprint for Building Things That Last. They discuss how Wikipedia's culture of assuming good faith and shared purpose became a model for building trustworthy digital communities — and what lessons that holds for companies, social media, and politics today. Email your chatters, questions, and comments to gabfest@slate.com. (Messages may be referenced by name unless the writer stipulates otherwise.) Podcast production by Nina Porzucki Research by Emily DittoYou can find the full Political Gabfest show pages here. Want more Political Gabfest? Join Slate Plus to unlock weekly bonus episodes. Plus, you'll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Political Gabfest show page on Apple Podcasts and Spotify. Or visit slate.com/gabfestplus to get access wherever you listen. Find out more about David Plotz's monthly tours of Ft. DeRussy, the secret Civil War fort hidden in Rock Creek Park. Follow@SlateGabfest on X / https://twitter.com/SlateGabfestSlate Political Gabfest on Facebook / https://www.facebook.com/Gabfest/ Hosted on Acast. See acast.com/privacy for more information.
This week, Emily Bazelon, John Dickerson, and David Plotz discuss why Trump is stepping up his attacks on Fed Chair Powell and how it could backfire, the increasingly inflammatory actions of ICE and the slim likelihood of justice for Renee Good in Minneapolis, and the Trump administration's unsettling efforts to sow doubt about election integrity ahead of the midterms.For this week's Slate Plus bonus episode, Emily, John, and David discuss this week's arguments at the Supreme Court in two cases about state bans on the participation of transgender kids in sports. In the latest Gabfest Reads, David Plotz talks with Wikipedia co-founder Jimmy Wales about his new book The Seven Rules of Trust: A Blueprint for Building Things That Last. They discuss how Wikipedia's culture of assuming good faith and shared purpose became a model for building trustworthy digital communities — and what lessons that holds for companies, social media, and politics today. Email your chatters, questions, and comments to gabfest@slate.com. (Messages may be referenced by name unless the writer stipulates otherwise.) Podcast production by Nina Porzucki Research by Emily DittoYou can find the full Political Gabfest show pages here. Want more Political Gabfest? Join Slate Plus to unlock weekly bonus episodes. Plus, you'll access ad-free listening across all your favorite Slate podcasts. You can subscribe directly from the Political Gabfest show page on Apple Podcasts and Spotify. Or visit slate.com/gabfestplus to get access wherever you listen. Find out more about David Plotz's monthly tours of Ft. DeRussy, the secret Civil War fort hidden in Rock Creek Park. Follow@SlateGabfest on X / https://twitter.com/SlateGabfestSlate Political Gabfest on Facebook / https://www.facebook.com/Gabfest/ Hosted on Acast. See acast.com/privacy for more information.
January 12, 2026; 6pm; The Trump administration has launched an unusual criminal probe into an official who has clashed with Trump for years, Federal Reserve Chair Jerome Powell. Plus, a special report on the rift among a core group of bro-type podcasters that helped Trump win back the White House. Melber continues to follow the anti-ICE protests erupting in cities all over the country after the fatal shooting of U.S. citizen Renee Good. Emily Bazelon and Molly Jong-Fast join. To listen to this show and other MS podcasts without ads, sign up for MS NOW Premium on Apple Podcasts. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Treasury Secretary Scott Bessent has told people that he is unhappy with the decision to criminally investigate Fed Chair Jerome Powell, a source with knowledge of the matter told CNN. Bessent has expressed concern that the decision will negatively impact the markets. Learn more about your ad choices. Visit podcastchoices.com/adchoices
For the Good of the Public brings you news and weekly conversations at the intersection of faith and civic life. Monday through Thursday, The Morning Five starts your day off with scripture and prayer, as we also catch up on the news together. Throughout the year, we air limited series on Fridays to dive deeper into conversations with civic leaders, thinkers, and public servants reimagining public life for the good of the public. Today's host was Michael Wear, Founder, President and CEO of the Center for Christianity and Public Life. Thanks for listening to The Morning Five! Please subscribe to and rate The Morning Five on your favorite podcast platform. Learn more about the work of the Center for Christianity and Public Life at www.ccpubliclife.org. Today's scripture: Mark 10:13-16 (NIV) News sources: https://apnews.com/article/iran-protests-us-israel-war-nuclear-economy-53f2b79c8a0de827b1b8602ac9f0a57b https://www.wsj.com/world/americas/venezuela-opposition-leader-to-visit-white-house-on-thursday-e92010bd?mod=hp_lead_pos9 https://www.nbcnews.com/politics/politics-news/sen-mark-kelly-sues-defense-secretary-pete-hegseth-efforts-reduce-mili-rcna253658 https://www.federalreserve.gov/newsevents/speech/powell20260111a.htm https://www.tillis.senate.gov/2026/1/tillis-statement-on-federal-reserve-nominations https://www.nbcnews.com/business/economy/25-billion-renovation-center-dojs-criminal-investigation-federal-reser-rcna253540 https://jointstatement.substack.com/p/statement-on-the-federal-reserve From this month's sponsors: -Please donate today at MercyShips.org/podcast -Visit OmahaSteaks.com for 50% off sitewide during their Sizzle All the Way Sale. And for an extra $35 off, use promo code FUN at checkout. Join the conversation and follow us at: Instagram: @michaelwear, @ccpubliclife Twitter: @MichaelRWear, @ccpubliclife and check out @tsfnetwork Music by: Amber Glow #politics #faith #prayer #scripture #FederalReserve #JayPowell Learn more about your ad choices. Visit megaphone.fm/adchoices
The Department of Justice's probe into Fed Chair Powell could create a “shadow Fed” and backfire against the Trump administration's goals of lower interest rates, according to Strategas. Why a limit on credit card interest rates could boost names like Visa and Mastercard. Plus, chips analyst Chris Caso's favorite AI idea in 2026. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
The DOJ takes Donald Trump's vendetta against the Federal Reserve to an extraordinary level. Plus, after ICE's shooting of a citizen in Minneapolis, DHS is flooding the state with more agents while the White House attacks those speaking up. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Former NEC director Gary Cohn reacts to this morning's inflation data and concerns over Fed independence. Then Goldman Sachs out with its quarterly list of top earnings trades. A list that has historically outperformed the S&P 500 by 3% annually over the past 14 years. Those names, this hour. And former IMF First Deputy Managing Director Gita Gopinath, as global central bankers rush to defend Fed Chair Powell from attacks from President Trump's DOJ. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Federal Reserve Chairman Jerome Powell confirms he is under criminal investigation by the Justice Department over whether he misled Congress about ballooning costs tied to the Fed's $2.5-billion headquarters renovation. Tensions explode in Minneapolis after an ICE agent fatally shoots a woman driving toward him, as state and local Democrats publicly condemn the officer and Border Czar Tom Homan warns that reckless rhetoric is putting law enforcement lives at risk. Minneapolis Mayor Jacob Frey concedes there is a massive fraud problem in the city as federal authorities step in to dismantle a sprawling benefits-fraud network. President Trump weighs a range of possible military actions, from Iran to Greenland. The college football playoff championship is set, with undefeated Indiana facing Miami, behind breakout Heisman-winning quarterback Fernando Mendoza, whose faith-driven, stoic philosophy has made him one of the season's most compelling stars. PureTalk: Cut your wireless bill to $20/month—switch to PureTalk now at https://PureTalk.com/KELLY ARMRA: go to https://tryarmra.com/MEGYNto get 30% off your first subscription order Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Federal prosecutors have opened a criminal investigation into Federal Reserve Chair Jerome Powell. In response, Powell issued an extraordinary public rebuke. The Wall Street Journal has the latest. As many as 500 people have died in Iran during two weeks of protests and unrest. Jon Gambrell of the Associated Press joins to discuss the crackdown on demonstrators and why Trump has opened the door on taking action against Tehran. Tens of thousands took to the streets of Minneapolis to protest the presence of ICE in the city after an officer killed local resident Renee Good. Reuters reports on how the Department of Homeland Security is sending even more agents to the state in response. Plus, authorities in Mississippi arrested an individual in connection with a fire at a historic synagogue, the National Portrait Gallery updated Trump’s portrait, and the big winners at this year’s Golden Globes. Today’s episode was hosted by Shumita Basu.
A.M. Edition for Jan. 12. The Justice Department is threatening Federal Reserve Chair Jerome Powell with a criminal indictment, in what Powell is calling an attack on the central bank's independence. WSJ finance editor Alex Frangos discusses how markets are reacting and what the investigation means for the Fed's future leaders. Plus, President Trump mulls intervention in Iran as anti-regime protest deaths rise. And bank stocks sag after Trump calls for capping credit-card interest rates. Luke Vargas hosts. Sign up for the WSJ's free What's News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices
Fed Chair Powell is under DOJ investigation. The feud between the Fed and the White House has escalated with Chair Powell alleging the Trump administration threatened him with criminal charges to force interest rate cuts. Will Chair Powell exit the role in 2026 and is the Fed's independence in danger? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily." - This episode was hosted by Jennifer Sanasie. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.
Trump Admin Launches Criminal Probe Of Fed Chair Powell, POTUS Looking At “Strong Options” For Iran, Leftist Anti-ICE Demonstrations Spread Nationwide
Carl Quintanilla, Sara Eisen, & David Faber kicked off the hour with new comments from former Treasury Secretary Janet Yellen - not mincing words when it comes to a new DOJ probe targeting Fed Chair Powell - before breaking down the market impact with Truist Wealth's Chief Investing Officer. Plus: former CEA chair Jason Furman joined the team with his take on the action - fresh off a new joint statement with Yellen and other important officials - arguing these moves have highly negative consequences on inflation and the broader economy. Elsewhere: hear about how the consumer's holding up with the CEO of Shopify - and the latest on media stocks as Paramount files a new lawsuit in its quest to own Warner Bros. Discovery. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Scott Wapner and the Investment Committee react to the DOJ opening an investigation into Fed Chair Jerome Powell. CNBC's Eamon Javers joins us with the latest out of Washington. Plus, the desk shares their latest portfolio moves. And later, we hit the latest Calls of the Day. Investment Committee Disclosures Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
0:30 - Leaked video of MN shooting 16:55 - Mary Moriarty wants in on fed investigation 40:14 - MN RAWFLS 01:07:16 - Portland Police Chief Bob Day 01:23:58 - The Heritage Foundation’s Steven Bucci on Iran as historic protests expose the ayatollahs at their weakest point 01:42:50 - Retired FBI supervisory special agent James Gagliano says the Minneapolis shooting was a tragic loss of life — caused by the actions of the woman involved and the ideology behind them. 01:57:47 - Tucker compares Good to Kirk 02:21:47 - Founder, CIO Perry International Capital Partners, James Perry, on the December jobs numbers and the DOJ investigation of Fed Chair Powell. For more on Perry International Capital Partners perrycapitalpartners.comSee omnystudio.com/listener for privacy information.
Former Fed Governor Larry Lindsey says there are no heroes in the Justice Department's investigation into Fed Chair Powell, while Brooking's David Wessel warns the probe could ultimately spur more inflation. A portfolio manager who outperformed the S&P last year makes the case for chip stocks not named Nvidia. Plus, both traditional banks and fintech names are under pressure after President Trump proposed capping credit card fees. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Federal Reserve Chairman Jerome Powell said the U.S. central bank was served with grand jury subpoenas by the Department of Justice on Jan. 9. Powell confirmed in a statement on Jan. 11 that officials threatened a criminal indictment over his Senate Banking Committee testimony in June 2025. Powell noted the testimony “concerned, in part, a multi-year project to renovate historic Federal Reserve office buildings.” The central bank chief dismissed the idea that this criminal probe was driven by his testimony or the renovation, saying it's connected to his position on interest rates.President Donald Trump said on Sunday that Iran's leadership has contacted his administration to seek negotiations after he warned of possible military action in the wake of mass protests in Iran. Trump told reporters aboard Air Force One that Iranian leaders had reached out to U.S. officials and that a meeting between the two sides was being set up.
David Zervos of Jefferies digs into the news that the DOJ has opened a probe into Fed Chair Powell and the market reaction. Omar Aguilar, CEO and CIO of Schwab Asset Management, talks the broader market landscape. Steve Biggar of Argus talks a potential cap on credit card interest rates and bank earnings. Apple's uneven start to the year and its push into AI, with Dan Ives of Wedbush explaining why this is a pivotal year for Tim Cook. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Vance Howard expects 2026 to be a good year, saying the odds of being down are “very minimal.” The market is “too strong” to worry much about the headlines around Fed Chair Powell, he says, but highlights a dovish new Fed Chair in May. He expects two rate cuts this year. Vance anticipates a lot of opportunities for investors across sectors as the market broadens. His picks now include Nova (NVMI), the financial sector ETF (XLF), and the materials sector ETF (XLB).======== 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
AP correspondent Ed Donahue reports on reaction to a call to investigate the leader of the Federal Reserve.
Yet another manufactured crisis comes out of the White House and this time the target is Fed Chair Powell. We'll start there. This is the Business News Headlines for Monday the 12th day of January, thanks for listening. In other news, Apple wants some help from Google…and its all about Siri. A real estate investment gone bad in Detroit. The Texas expansion of medical marijuana is a hit and more and more people have signed up to take part. We'll check the numbers in The Wall Street Report and what was once a casual stroll into your local Costco is now much more restricted and we'll share the impact. Let's go. Thanks for listening! The award winning Insight on Business the News Hour with Michael Libbie is the only weekday business news podcast in the Midwest. The national, regional and some local business news along with long-form business interviews can be heard Monday - Friday. You can subscribe on PlayerFM, Podbean, iTunes, Spotify, Stitcher or TuneIn Radio. And you can catch The Business News Hour Week in Review each Sunday Noon Central on News/Talk 1540 KXEL. The Business News Hour is a production of Insight Advertising, Marketing & Communications. You can follow us on Twitter @IoB_NewsHour...and on Threads @Insight_On_Business.
Investors react to the DOJ investigation into Fed Chair Jerome Powell over the renovations to the central bank's headquarters. Former Fed general council Scott Alvarez breaks down what could come next in the legal battle. Then bank and credit card stocks under pressure after the President calls for a cap on interest rates. KBW CEO Tom Micahud helps look ahead to those earnings and the possible long-term impact. And the CEO of nuclear company Oklo, after inking a deal to power Meta's data centers. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
U.S. Federal Reserve Chair Jerome Powell said the Trump administration threatened him with a criminal indictment. President Donald Trump has repeatedly criticized Powell for not cutting interest rates as much and as quickly as he demanded.
Criticism has been pouring in from Republican and Democratic lawmakers, former Fed chairs and top officials after the US Justice Department launched a criminal investigation into Federal Reserve chairman Jerome Powell. After Powell described the move as retaliation against the Fed for not lowering interest rates as quickly as US President Donald Trump wanted, concern over the central bank's independence pushed prices of safe-haven assets like gold and silver higher.
This Week in the Nation’s Capitol (Minnesota/ICE … + … Venezuela, Greenland … + … DOJ opens criminal probe into Fed Chair Powell … + … Iran protests … + … Impeachment references removed from Trump exhibit at Smithsonian) … GUEST Greg Clugston … SRN News White House Correspondent. Tonight’s playoff game at Acrisure v the Texans… GUEST Jim Wexell … is in his 30th season covering the Pgh Steelers and has spent more than 40 yrs covering Pgh sports (since graduating from Pitt in 1983) … his latest book is “Pittsburgh Steelers: An Illustrated Timeline” … other works include “Polamalu,” “On the Clock,” and “Steeler Nation,” and has covered the team in 4 SuperBowls www.steelcityinsider.com. The Idea Machine: How Books Built Our Future and Shape Our World … GUEST Joel Miller … former publishing executive with a twenty five year career in writing and editorial … chief content officer of Full Focus … His substack is Miller’s Book Review.See omnystudio.com/listener for privacy information.
David Faber and Sara Eisen discussed precious metals rebounding from Monday's sell-off — which resulted in the worst day for silver in almost five years. AI in the spotlight: Sources told David that SoftBank has completed its $40 billion investment commitment to OpenAI. Meta has agreed to acquire Singapore-based AI startup Manus. The anchors reacted to President Trump's harsh words for Fed Chair Powell. 2026 outlook: Semiconductors and the AI trade, commercial real estate, media and the battle for Warner Bros. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Fed Chair Powell just sent one of the clearest signals yet about where interest rates are headed and it could reshape mortgage rates in the 2026 housing market. In this episode, we break down the latest Fed policy, the dot plot, and why the market may be seeing something very different than the Fed itself. We'll explain what “neutral rates” really mean, how inflation and employment factor in, and what this all signals for homebuyers and homeowners over the next 12–24 months. If you're planning to buy, refinance, or wait, this is a conversation you can't afford to miss. Ready To Become A Homeowner? Start HereJoin Rate Watch – we'll watch rates for youEmail: info@theeducatedhomebuyer.comConnect with Us
Carl Quintanilla, Jim Cramer and David Faber set the stage for what is shaping up to be a busy final full trading week of 2025. Cramer explained why he believes the AI boom is "stunted" and many investors won't "touch" Nvidia stock. As some on Wall Street debate comparing AI mania to the dot-com bubble, the anchors explored the Magnificent 7 stocks that are underperforming the broader market. Also in focus: Bullish calls on the S&P 500, why Tesla shares are in rally mode, President Trump says the Fed should consult him about interest rate policy, "Kevins" in the mix to replace Fed Chair Powell, Goldman Sachs says "Sell" Texas Instruments.Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Scott Wapner and the Investment Committee debate the state of the market after Fed Chair Powell announced another rate cut yesterday. Plus, the desk shares their latest portfolio moves. And later, a street fight on Uber. Stephanie Link sells out of the name but Josh Brown disagress, they both make their case.Investment Committee Disclosures Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Fed Chair Powell followed the committee's decision to cut interest rates by 25 basis points, while signaling a higher bar for the next cut. DoubleLine Capital's Jeffrey Gundlach joins Scott Wapner with his first take on the decision, Powell's news conference and his own market forecast. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Legendary economist Dr. A. Gary Shilling, President of A. Gary Shilling & Co., an economic consulting firm and a registered investment advisor, joins Julia La Roche on episode 301 on FOMC day. In this episode, Dr. Shilling warns that the economy is cooling with weakening labor markets and stagnant job creation, yet security markets continue to rise without reflecting this underlying weakness. Despite the government shutdown limiting official data, private sector information reveals businesses are cautious about demand and inflation, while consumers face limited financial slack due to heavy student loan and credit card borrowing. Shilling believes the Fed is cutting rates because they fear a recession is on the horizon, and he cautions that "we're probably gonna wake up one of these days and find that things are really a lot weaker than we expect" - at which point markets could deteriorate quickly. He also expresses concern about the "debt bomb" - the massive accumulation of government debt now exceeding $38 trillion with no logical endpoint in sight. However, Shilling remains impressed by the adaptability and resilience of the US economy, noting how it has successfully adjusted to disruptions like tariffs that many predicted would be disastrous.This episode is brought to you by VanEck. Learn more about the VanEck Rare Earth and Strategic Metals ETF: http://vaneck.com/REMXJuliaThis episode is brought to you by Monetary Metals. https://monetary-metals.com/julia Timestamps: 0:00 - Introduction & welcome0:48 - Big picture macro view: economy appears to be cooling1:30 - Government shutdown: private data filling the holes2:00 - Weakening labor markets: limited new hiring2:45 - Businesses cautious about demand and inflation3:17 - Recession concerns: won't know until well into it3:45 - Security markets not reflecting economic weakness4:03 - Fed Chair Powell presser context (October 29th FOMC meeting)4:32 - Why markets are overly focused on Fed actions5:30 - Fed's tightrope walk: keeping economy above water6:25 - Are rate cuts signaling recession fears?6:34 - Fed concerned about softening labor markets7:20 - Finding hidden vulnerabilities during data blackout7:51 - Labor market concerns: limited consumer slack8:20 - Heavy borrowing: student loans and credit cards27:24 - US fiscal picture: debt north of $38 trillion27:45 - The debt bomb concept explained28:45 - Massive global debt expansion concerns29:49 - What happens when debt reaches its limit?30:23 - What's keeping Dr. Shilling up at night31:15 - Lack of concern about debt accumulation32:00 - What makes him hopeful: US economy's strength and adaptability32:46 - Economic adaptability to disruptions33:11 - Tariffs discussion: six months later perspective33:46 - How economies adapt to tariff disruptions35:03 - Where to find Dr. Shilling's work35:25 - Parting thoughts: avoiding fads of the moment36:37 - Closing remarksAccess Dr. Shilling's monthly newsletter INSIGHT by calling this toll free number (1-888-346-7444) or visiting his website (https://www.agaryshilling.com/).
Today, we look at the US and China clearly wanting to de-escalate trade tensions as both sides made concessions, with a one-year time horizon for some of the most important ones. Otherwise, we cover the extreme narrowness of the market's recent advance as most stocks have had a lousy couple of days on Tuesday and Wednesday. Thoughts on Fed Chair Powell's hawkish press conference and an unbelievably dovish Bank of Japan governor Kuroda press conference, many single stock stories, must reads and listens and more are also on today's pod, which is hosted by Saxo Global Head of Macro Strategy John J. Hardy. Links discussed on the podcast and our Chart of the Day can be found on the John J. Hardy substack (within one to three hours from the time of the podcast release). Read daily in-depth market updates from the Saxo Market Call and the Saxo Strategy Team here. Please reach out to us at marketcall@saxobank.com for feedback and questions. Click here to open an account with Saxo. Intro and outro music by AShamaluevMusic DISCLAIMER This content is marketing material. Trading financial instruments carries risks. Always ensure that you understand these risks before trading. This material does not contain investment advice or an encouragement to invest in a particular manner. Historic performance is not a guarantee of future results. The instrument(s) referenced in this content may be issued by a partner, from whom Saxo Bank A/S receives promotional fees, payment or retrocessions. While Saxo may receive compensation from these partnerships, all content is created with the aim of providing clients with valuable information and options.
The Federal Reserve spoke with an almost British accent yesterday, cutting rates a quarter point with a Bank of England-like three-way vote split. Fed Chair Powell signaled that a December cut was not inevitable. While a majority clearly favored insuring against the risks of a brittle US labor market today, there are fears about future inflation pressures and the lack of credible US economic data.
Danielle DiMartino Booth, CEO and Chief Strategist at QI Research, joins Julia La Roche to break down the October 2024 FOMC meeting and Fed Chair Powell's surprisingly hawkish stance despite mounting evidence of labor market weakness. Danielle questions whether the Fed is ignoring its dual mandate as major companies like UPS, GM, Meta, and Amazon announce tens of thousands of layoffs. She discusses the dissents from both Stephen Miran and Jeffrey Schmid, explores potential political dynamics at play within the Fed, and examines growing stress in private credit markets, commercial real estate, and rising corporate bankruptcies. Danielle also highlights alternative labor market indicators like state-by-state data and WARN notices that paint a concerning picture of the economy, while emphasizing the importance of compassion for struggling American families heading into the holiday season.This episode is brought to you by VanEck. Learn more about the VanEck Rare Earth and Strategic Metals ETF: http://vaneck.com/REMXJuliaThis show is brought to you by Monetary Metals.Learn more about Monetary Metals: https://monetary-metals.com/julia Links: Danielle's Twitter/X: https://twitter.com/dimartinobooth Substack: https://dimartinobooth.substack.com/ YouTube: https://www.youtube.com/@DanielleDiMartinoBoothQIFed Up: https://www.amazon.com/Fed-Up-Insiders-Federal-Reserve/dp/07352116550:00 Introduction & episode 300 celebration1:37 FOMC meeting reaction - Powell's hawkish tone2:33 What's really going on at the Fed?3:48 The two dissenters - Miran & Schmid5:39 Market reaction to Powell's comments6:17 The Fed's labor mandate - are they ignoring it?7:16 Major layoff announcements - UPS, GM, Meta, Amazon8:00 Is the Fed sticking it to the administration?9:55 Fed balance sheet & mortgage-backed securities16:19 Private credit market concerns27:04 Corporate bankruptcies rising28:18 October bankruptcy data - highest post-pandemic29:22 Interest rate impact on corporate refinancing30:05 What would you ask Powell? State-by-state data31:29 WARN notices & real labor market data32:19 Layoffs aren't free - cost to companies33:10 ADP weekly data as labor market indicator33:26 Message of compassion during the holidays34:29 Closing & where to find Danielle's work35:09 QI Research & Daily Feather newsletter
Danielle DiMartino Booth (@DanielleDiMartinoBoothQI) says the Fed's latest rate cut didn't come as a surprise, but added that Jerome Powell's commentary about taking "December off the table" did. She notes the increase in dissent opinions on the rate adjustments, with voices on both sides of the inflation date. Danielle discusses the Fed's dual mandate, especially the labor market weakening, adding that Fed Chair Powell is not listening to the concerns from U.S. workers. Danielle later weighs in on the ongoing search for the Fed Chair replacement.======== 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 – / schwabnetwork Follow us on Facebook – / schwabnetwork Follow us on LinkedIn - / schwab-network About Schwab Network - https://schwabnetwork.com/about
Market Reactions to Fed Announcement & The Rise of 401(k) Plans In this episode of Dividend Cafe, Brian Szytel discusses the market's reaction to the Federal Reserve's recent interest rate cut and the end of the quantitative tightening program. Despite an initial market gain, comments from Fed Chair Powell about a December rate cut not being guaranteed led to a sell-off. Szytel provides insights into the likelihood of future rate cuts and the current state of economic data amid a government shutdown. Additionally, Sitel addresses a viewer question about the relationship between the rise of 401(k) plans and the popularity of index funds, explaining that while they are related, the primary reason for the shift from pension plans to 401(k) plans is corporate governance. The episode closes with an overview of the day's market volatility and encourages listeners to continue submitting questions. 00:00 Introduction and Market Overview 00:11 Fed's Interest Rate Cut and Market Reaction 02:04 Economic Data and Fed's Decision Details 02:52 The Rise of 401(k) Plans and Index Funds 05:07 Conclusion and Upcoming Updates Links mentioned in this episode: DividendCafe.com TheBahnsenGroup.com
Federal Reserve cuts interest rates by a quarter point for the second time this year, but Fed Chair Powell says another rate cut in December is not a foregone conclusion given concerns about the job market. We hear from the Fed chair and talk with Reuters Federal Reserve Correspondent Howard Schneider (5); Federal government shutdown is now at Day 29. Senate Democrats try and fail over Republican objections to pass a bill to extend funding only for the federal food aid program SNAP; Senate votes with the support of five Republicans to overturn President Donald Trump's emergency declaration to impose 50 percent tariffs on Brazil; President Trump promotes U.S. & Southeast Asia investment and development at a CEO's luncheon at the Asia-Pacific Economic Cooperation (APEC) summit in South Korea and previews his meeting with Chinese leader Xi Jinping; Food & Drug Administration says it is looking to reduce the number of human clinical studies required for approval of certain biosimilar drugs to speed approval and reduce costs; Senate Veterans Affairs Committee holds a hearing on allegations of fraud in the VA disability benefits program; Sen. Chuck Grassley (R-IA), Judiciary Committee chair, talks about the news that many more Republicans were targeted in the Biden Justice Department's "Arctic Frost" investigation after the January 6, 2021 attack on the U.S. Capitol. Learn more about your ad choices. Visit megaphone.fm/adchoices
The Federal Reserve is expected to cut rates a quarter point. The absence of credible short-term data since the last Fed meeting means policymakers cannot follow Fed Chair Powell's “data dependency” mantra and must instead focus on economic trends. Market interest will be focused on the spectrum of views, the tone of the press conference, and (inevitably) speculation about Powell's successor.
US President Trump said the meeting with Chinese President Xi will be three hours long before returning back to the US; says things will work out very well with Xi on Thursday.European and US equity futures are mixed; NQ outperforms, boosted by NVIDIA as it nears USD 5tln market cap.USD is firmer in the run-up to FOMC, AUD leads as hot CPI dashes RBA rate cut hopes.Fixed income contained awaiting the FOMC, with a mild bearish bias potentially stemming from positive trade updates.XAU returns back above USD 4k/oz, LME Copper reaches new ATHs amid positive US-China trade optimismUS Pending Homes (Sep), FOMC & BoC Policy Announcements; US President Trump to meet South Korea's Leader, Speakers including Fed Chair Powell & BoC's Macklem, Supply from the US.Earnings from Meta, Microsoft, Alphabet, ServiceNow, Starbucks, eBay, Verizon, Boeing, CVS, Caterpillar, Etsy, Centene, Phillips 66.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
APAC stocks were predominantly in the green following the tech strength on Wall St, most indices extended to record highs.US President Trump said he had a great trip so far and expects to lower fentanyl-linked tariffs on China. China said to have made soybean purchase.European equity futures indicate a marginally lower cash market open with Euro Stoxx 50 future down 0.1% after the cash index closed with losses of 0.1% on Tuesday.USD is broadly firmer vs. peers with GBP still under pressure. AUD leads as hot Aus CPI dashes hopes of an RBA rate cut next month.Israeli planes launched strikes on Gaza City. US VP Vance said he thinks peace in the Middle East will hold despite skirmishes.Looking ahead, highlights US Pending Homes (Sep), FOMC & BoC Policy Announcements, US President Trump to meet South Korea's Leader, Fed Chair Powell & BoC's Macklem, Supply from UK, Germany & US.Earnings from Meta, Microsoft, Alphabet, Google, Starbucks, eBay, Verizon, Boeing, CVS, Caterpillar, Phillips 66, UBS, BASF, Mercedes-Benz, Deutsche Bank, Equinor, Santander, GSK & Airbus.Read the full report covering Equities, Forex, Fixed Income, Commodites and more on Newsquawk
Bitcoin dropped to $106K after a sudden Friday sell-off, triggering panic across crypto markets—but Swan's team remained calm, stressing the long-term thesis is unchanged.John Haar and Isaiah noted that Bitcoin fell just 10% while altcoins crashed 50–90%, underscoring Bitcoin's liquidity and resilience.The team compared the pullback to past cycles, arguing this is not a cycle top but typical mid-bull market volatility.Discussion on Fed Chair Powell signaling an end to QT and potential rate cuts—seen as a tailwind for Bitcoin as monetary easing returns.John highlighted data showing Bitcoin rose 750% during the Fed's tightening cycle, disproving the myth that Bitcoin only thrives under easy money.A deep dive into the Fed's balance sheet showed that long-dated Treasury holdings have never decreased since 2008, signaling systemic dependence on debt monetization.Chamath Palihapitiya's claim that quantum computing could break Bitcoin in 2–5 years was debunked—experts and developers agree it's decades away and Bitcoin can adapt.The team explored how AI could reshape the economy, potentially displacing workers and pushing governments toward UBI—but also creating new industries and efficiencies.Brady and John debated whether UBI could be socially beneficial or harmful; both agreed Bitcoin offers protection in any fiat debasement scenario.The show wrapped with reactions to Larry Fink's 60 Minutes appearance comparing Bitcoin to gold and Elon Musk's recent positive Bitcoin comments. Swan Private helps HNWI, companies, trusts, and other entities go beyond legacy finance with BItcoin. Learn more at swan.com/private. Put Bitcoin into your IRA and own your future. Check out swan.com/ira.Swan Vault makes advanced Bitcoin security simple. Learn more at swan.com/vault.
Michael Reinking, Senior Market Strategist at the NYSE, recaps a volatile week as China's new export controls and President Trump's tariff threats triggered the biggest U.S. selloff since April. Markets and crypto plunged before rebounding on softer rhetoric from Washington and strong bank earnings kicking off the season. Fed Chair Powell's signal of further rate cuts fueled a rally in cyclicals and financials. Regional banks later slid on fresh credit concerns. Reinking highlights China's upcoming economic data, earnings acceleration, and ongoing shutdown talks as next week's key drivers.
Carl Quintanilla, Jim Cramer and David Faber drilled down on the AI trade cooling off as the S&P 500 snapped a 3-day win streak. Micron CEO Sanjay Mehrotra joined the program exclusively to discuss better-than-expected quarterly results and guidance driven by AI demand. Arm Holdings CEO Rene Haas appeared on the show and spoke about the chip designer's role in the Stargate partnership with OpenAI, Nvidia, SoftBank, Oracle and other companies — the project announcing plans to open five new data centers. Also in focus: Fed Chair Powell on stocks, Jimmy Kimmel back on the air at ABC. Squawk on the Street Disclaimer Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
Today's Headlines: ABC yanked Jimmy Kimmel Live off the air “indefinitely” after Kimmel joked in his monologue about conservatives spinning the Charlie Kirk shooting, with the FCC chair threatening action against Disney and ABC. Meanwhile, the DOJ quietly pulled a study from its site showing far-right violence vastly outpaces left-wing or Islamist extremism—though archived versions and even a Cato Institute report back that up. On Capitol Hill, FBI Director Kash Patel's second day of testimony was another loud but empty circus, while former CDC Director Susan Monarez dropped bigger bombshells: RFK Jr allegedly pressured her daily to change the vaccine schedule, demanded pre-approval of advisory panel recs, and called CDC staff “child killers.” She says she was fired for defending science; meanwhile, the CDC just announced it will ban remote work for employees with health conditions. The Fed cut rates by a quarter point and hinted at two more cuts this year as inflation lingers but jobs weaken. The Trump admin ordered the National Park Service to remove references to slavery and Native American history in the name of “patriotism,” because nothing says history like a good whitewash. In the UK, police arrested four members of Led By Donkeys for projecting Epstein/Trump/Prince Andrew images onto Windsor Castle during Trump's state visit. And finally, Jerry Greenfield of Ben & Jerry's is walking away after 47 years, accusing Unilever of muzzling the brand on social issues—especially Gaza. Resources/Articles mentioned in this episode: NBC News: Disney's ABC pulls 'Jimmy Kimmel Live!' after FCC chair criticizes the host's Charlie Kirk comments Spectrum News: Vance, Trump falsely claim left-wing violence outpaces the right as DOJ deletes report stating otherwise CNN: Takeaways from FBI Director Kash Patel's testimony on Jeffrey Epstein WaPo: Takeaways from fired CDC director's Senate testimony CNBC: Fed meeting recap: Fed Chair Powell calls quarter-point trim a 'risk management cut' NYT: National Parks Ordered To Remove Some Materials on Slavery and Tribes Axios: 4 arrested after Trump, Epstein images beamed onto Windsor Castle WSJ: Ben & Jerry's Co-Founder Quits After 47 Years, Cites Loss of Independence Under Unilever Morning Announcements is produced by Sami Sage and edited by Grace Hernandez-Johnson Learn more about your ad choices. Visit megaphone.fm/adchoices
President Trump tours the Fed's $2.5 billion renovation site, using the over-budget project and high interest rates to ratchet up pressure on Chair Jerome Powell ahead of next week's rate decision. The House Oversight Committee votes to subpoena the Clintons, former FBI and DOJ leaders, and compel the release of the Jeffrey Epstein files. Wrestling icon and Trump ally Hulk Hogan dies at 71, remembered as a cultural legend, political firebrand, and the patriotic face of '80s Hulkamania.CHEF iQ: Visit https://CHEFIQ.com and use code MK for 15% off during our FLASH SALERiverbend Ranch: Visit https://riverbendranch.com/ | Use promo code MEGYN for $20 off your first order.